F vs LMT
Ford Motor Co. and Lockheed Martin Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | F | LMT |
|---|---|---|
| Revenue | $187.3B | $75.0B |
| Net income | $-8.2B | $5.0B |
| Gross margin | 6.8% | 10.2% |
| Net margin | −4.4% | 6.7% |
| Return on equity | · | 76.9% |
| Diluted EPS | −$2.06 | $21.49 |
| Dividend / share | $0.75 | $13.35 |
| Payout ratio | · | 62.4% |
| Free cash flow | $12.5B | $6.9B |
| Equity | $36.0B | $6.7B |
| Net debt / equity | · | 2.62× |
| Current ratio | 1.07× | 1.09× |
| Revenue CAGR 5y | 8.1% | 2.8% |
| Profit CAGR 5y | · | −6.0% |
F bills 2.5× the revenue of LMT, and F closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | F | LMT |
|---|---|---|
| FY2025 | $187.3B | $75.0B |
| FY2024 | $185.0B | $71.0B |
| FY2023 | $176.2B | $67.6B |
| FY2022 | $158.1B | $66.0B |
| FY2021 | $136.3B | $67.0B |
| FY2020 | $127.1B | $65.4B |
| FY2019 | $155.9B | $59.8B |
| FY2018 | $160.3B | $53.8B |
| FY2017 | $156.8B | $50.0B |
| FY2016 | $151.8B | $47.3B |
Bottom line
| Fiscal year | F | LMT |
|---|---|---|
| FY2025 | $-8.2B | $5.0B |
| FY2024 | $5.9B | $5.3B |
| FY2023 | $4.3B | $6.9B |
| FY2022 | $-2.0B | $5.7B |
| FY2021 | $17.9B | $6.3B |
| FY2020 | $-1.3B | $6.8B |
| FY2019 | $84.0M | $6.2B |
| FY2018 | $3.7B | $5.0B |
| FY2017 | $7.8B | $2.0B |
| FY2016 | $4.6B | $5.2B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$112,219,000,000 | F |
| FY2024 | +$113,949,000,000 | F |
| FY2023 | +$108,620,000,000 | F |
| FY2022 | +$92,073,000,000 | F |
| FY2021 | +$69,297,000,000 | F |
| FY2020 | +$61,746,000,000 | F |
| FY2019 | +$96,088,000,000 | F |
| FY2018 | +$106,576,000,000 | F |
| FY2017 | +$106,816,000,000 | F |
| FY2016 | +$104,510,000,000 | F |
| FY2015 | +$109,022,000,000 | F |
| FY2014 | +$104,131,000,000 | F |
| FY2013 | +$101,559,000,000 | F |
| FY2012 | +$86,377,000,000 | F |
| FY2011 | +$89,106,000,000 | F |
| FY2010 | +$83,283,000,000 | F |
| FY2009 | +$72,416,000,000 | F |
| FY2008 | +$102,212,000,000 | F |
| FY2007 | +$128,710,000,000 | F |
F has reported the higher revenue in every one of these 19 fiscal years. The gap has narrowed since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −11.0 pp | LMT |
| FY2024 | −4.3 pp | LMT |
| FY2023 | −7.8 pp | LMT |
| FY2022 | −10.0 pp | LMT |
| FY2021 | +3.7 pp | F |
| FY2020 | −11.5 pp | LMT |
| FY2019 | −10.4 pp | LMT |
| FY2018 | −7.1 pp | LMT |
| FY2017 | +1.0 pp | F |
| FY2016 | −7.9 pp | LMT |
| FY2015 | −4.0 pp | LMT |
| FY2014 | −8.2 pp | LMT |
| FY2013 | +1.6 pp | F |
| FY2012 | −1.6 pp | LMT |
| FY2011 | +9.2 pp | F |
| FY2010 | −1.2 pp | LMT |
| FY2009 | −4.4 pp | LMT |
| FY2008 | −18.1 pp | LMT |
| FY2007 | −8.7 pp | LMT |
The higher net margin has changed hands between F and LMT over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
F's net margin has been more volatile than LMT's over the 19 comparable fiscal years — 5.5 percentage points of standard deviation against 1.9.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between F and LMT over these 19 fiscal years — F led in 4 and LMT in 15.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LMT's return on equity has been more volatile than F's over the 9 comparable fiscal years — 142.7 percentage points of standard deviation against 26.6.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LMT led in return on equity in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.