GE Aerospace vs Lockheed Martin
Lockheed Martin is the larger business, with $75.05bn of revenue in fiscal 2025 against $45.85bn for GE Aerospace (1.6 times as much). GE Aerospace grew faster (18.5% against 5.6%). GE Aerospace kept more of each dollar of sales as profit: a net margin of 19.0% against 6.7%. GE Aerospace carries less debt relative to equity (109.7% against 340.7%).
| Latest fiscal year | GE AerospaceGE, 2025 | Lockheed MartinLMT, 2025 |
|---|---|---|
| Revenue | $45.85bn | $75.05bn |
| Revenue growth | 18.5% | 5.6% |
| Net income | $8.70bn | $5.02bn |
| Operating margin | — | 10.3% |
| Net margin | 19.0% | 6.7% |
| Return on equity | 45.8% | 76.9% |
| Free cash flow | $7.26bn | $6.91bn |
| Cash | $12.39bn | $4.12bn |
| Total debt | $20.49bn | $22.90bn |
| Debt to equity | 109.7% | 340.7% |
| Dividend per share | $1.44 | $13.35 |
| Dividend yield | 0.5% | 2.1% |
| Share buybacks | $7.55bn | $3.00bn |
| Employees | 57,000 | 123,000 |
| Market value | $330.85bn | $148.58bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 31 (Weak) | 74 (Strong) |
| Insider trades, 12 months | 1 buys, 15 sales | 0 buys, 24 sales |