Lockheed Martin vs RTX
RTX is the larger business, with $88.60bn of revenue in fiscal 2025 against $75.05bn for Lockheed Martin (1.2 times as much). RTX grew faster (9.7% against 5.6%). RTX kept more of each dollar of sales as profit: a net margin of 7.6% against 6.7%.
| Latest fiscal year | Lockheed MartinLMT, 2025 | RTXRTX, 2025 |
|---|---|---|
| Revenue | $75.05bn | $88.60bn |
| Revenue growth | 5.6% | 9.7% |
| Net income | $5.02bn | $6.73bn |
| Operating margin | 10.3% | — |
| Net margin | 6.7% | 7.6% |
| Return on equity | 76.9% | 10.7% |
| Free cash flow | $6.91bn | $7.94bn |
| Cash | $4.12bn | $7.43bn |
| Total debt | $22.90bn | $37.90bn |
| Debt to equity | 340.7% | — |
| Dividend per share | $13.35 | $2.67 |
| Dividend yield | 2.1% | 1.4% |
| Share buybacks | $3.00bn | $50.0m |
| Employees | 123,000 | — |
| Market value | $148.89bn | $277.44bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 74 (Strong) | 56 (Moderate) |
| Insider trades, 12 months | 0 buys, 24 sales | 0 buys, 18 sales |