GM vs LMT
General Motors Co. and Lockheed Martin Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GM | LMT |
|---|---|---|
| Revenue | $185.0B | $75.0B |
| Net income | $2.7B | $5.0B |
| Gross margin | · | 10.2% |
| Net margin | 1.5% | 6.7% |
| Return on equity | 4.3% | 76.9% |
| Diluted EPS | $3.27 | $21.49 |
| Dividend / share | $0.57 | $13.35 |
| Payout ratio | 24.4% | 62.4% |
| Free cash flow | $17.6B | $6.9B |
| Equity | $61.1B | $6.7B |
| Net debt / equity | 1.81× | 2.62× |
| Current ratio | 1.17× | 1.09× |
| Revenue CAGR 5y | 8.6% | 2.8% |
| Profit CAGR 5y | −15.9% | −6.0% |
GM bills 2.5× the revenue of LMT, and LMT keeps more of each dollar of revenue as profit (6.7% against 1.5%).
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 | GM | LMT |
|---|---|---|
| FY2025 | $185.0B | $75.0B |
| FY2024 | $187.4B | $71.0B |
| FY2023 | $171.8B | $67.6B |
| FY2022 | $156.7B | $66.0B |
| FY2021 | $127.0B | $67.0B |
| FY2020 | $122.5B | $65.4B |
| FY2019 | $137.2B | $59.8B |
| FY2018 | $147.0B | $53.8B |
| FY2017 | $145.6B | $50.0B |
| FY2016 | $149.2B | $47.3B |
Bottom line
| Fiscal year | GM | LMT |
|---|---|---|
| FY2025 | $2.7B | $5.0B |
| FY2024 | $6.0B | $5.3B |
| FY2023 | $10.1B | $6.9B |
| FY2022 | $9.9B | $5.7B |
| FY2021 | $10.0B | $6.3B |
| FY2020 | $6.4B | $6.8B |
| FY2019 | $6.7B | $6.2B |
| FY2018 | $8.0B | $5.0B |
| FY2017 | $-3.9B | $2.0B |
| FY2016 | $9.4B | $5.2B |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$109,971,000,000 | GM |
| FY2024 | +$116,399,000,000 | GM |
| FY2023 | +$104,271,000,000 | GM |
| FY2022 | +$90,751,000,000 | GM |
| FY2021 | +$59,960,000,000 | GM |
| FY2020 | +$57,087,000,000 | GM |
| FY2019 | +$77,425,000,000 | GM |
| FY2018 | +$93,287,000,000 | GM |
| FY2017 | +$95,628,000,000 | GM |
| FY2016 | +$101,894,000,000 | GM |
| FY2015 | +$95,189,000,000 | GM |
| FY2014 | +$115,983,000,000 | GM |
| FY2013 | +$110,069,000,000 | GM |
| FY2012 | +$105,074,000,000 | GM |
| FY2011 | +$103,777,000,000 | GM |
| FY2010 | +$89,921,000,000 | GM |
GM has reported the higher revenue in every one of these 16 fiscal years. The gap has widened since the earliest year compared.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.2 pp | LMT |
| FY2024 | −4.3 pp | LMT |
| FY2023 | −4.5 pp | LMT |
| FY2022 | −2.5 pp | LMT |
| FY2021 | −1.6 pp | LMT |
| FY2020 | −5.3 pp | LMT |
| FY2019 | −5.6 pp | LMT |
| FY2018 | −3.9 pp | LMT |
| FY2017 | −6.6 pp | LMT |
| FY2016 | −4.7 pp | LMT |
| FY2015 | −1.8 pp | LMT |
| FY2014 | −6.5 pp | LMT |
| FY2013 | −3.1 pp | LMT |
| FY2012 | −1.8 pp | LMT |
| FY2011 | +0.5 pp | GM |
| FY2010 | −1.5 pp | LMT |
The higher net margin has changed hands between GM and LMT over this period.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GM's net margin has been more volatile than LMT's over the 16 comparable fiscal years — 2.5 percentage points of standard deviation against 2.0.
16 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 GM and LMT over these 16 fiscal years — GM led in 1 and LMT in 15.
16 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 GM's over the 14 comparable fiscal years — 121.1 percentage points of standard deviation against 5.8.
14 of 19 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 14 comparable fiscal years — a structural lead, not a recent swing.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.