LMT vs RTX
Lockheed Martin Corp. and RTX Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LMT | RTX |
|---|---|---|
| Revenue | $75.0B | $88.6B |
| Net income | $5.0B | $6.7B |
| Gross margin | 10.2% | · |
| Net margin | 6.7% | 8.0% |
| Return on equity | 76.9% | 10.7% |
| Diluted EPS | $21.49 | $4.96 |
| Dividend / share | $13.35 | $2.67 |
| Payout ratio | 62.4% | 53.1% |
| Free cash flow | $6.9B | $7.9B |
| Equity | $6.7B | $65.2B |
| Net debt / equity | 2.62× | 0.41× |
| Current ratio | 1.09× | 1.03× |
| Revenue CAGR 5y | 2.8% | 9.4% |
| Profit CAGR 5y | −6.0% | · |
RTX bills 1.2× the revenue of LMT, and keeps more of each dollar of revenue as profit (8.0% against 6.7%).
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 | LMT | RTX |
|---|---|---|
| FY2025 | $75.0B | $88.6B |
| FY2024 | $71.0B | $80.7B |
| FY2023 | $67.6B | $68.9B |
| FY2022 | $66.0B | $67.1B |
| FY2021 | $67.0B | $64.4B |
| FY2020 | $65.4B | $56.6B |
| FY2019 | $59.8B | $45.3B |
| FY2018 | $53.8B | $34.7B |
| FY2017 | $50.0B | $59.8B |
| FY2016 | $47.3B | $57.2B |
Bottom line
| Fiscal year | LMT | RTX |
|---|---|---|
| FY2025 | $5.0B | $6.7B |
| FY2024 | $5.3B | $4.8B |
| FY2023 | $6.9B | $3.2B |
| FY2022 | $5.7B | $5.2B |
| FY2021 | $6.3B | $3.9B |
| FY2020 | $6.8B | $-3.5B |
| FY2019 | $6.2B | $5.5B |
| FY2018 | $5.0B | $5.3B |
| FY2017 | $2.0B | $4.6B |
| FY2016 | $5.2B | $5.1B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$13,555,000,000 | RTX |
| FY2024 | −$9,695,000,000 | RTX |
| FY2023 | −$1,349,000,000 | RTX |
| FY2022 | −$1,090,000,000 | RTX |
| FY2021 | +$2,656,000,000 | LMT |
| FY2020 | +$8,811,000,000 | LMT |
| FY2019 | +$14,463,000,000 | LMT |
| FY2018 | +$19,061,000,000 | LMT |
| FY2017 | −$9,877,000,000 | RTX |
| FY2016 | −$9,954,000,000 | RTX |
| FY2015 | −$15,562,000,000 | RTX |
| FY2014 | −$17,954,000,000 | RTX |
| FY2013 | −$11,242,000,000 | RTX |
| FY2012 | −$10,526,000,000 | RTX |
| FY2011 | −$9,255,000,000 | RTX |
| FY2010 | −$6,604,000,000 | RTX |
| FY2009 | −$8,558,000,000 | RTX |
| FY2008 | −$17,747,000,000 | RTX |
| FY2007 | −$13,854,000,000 | RTX |
The higher-revenue side has changed between LMT and RTX over this period. 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 | −1.3 pp | RTX |
| FY2024 | +1.3 pp | LMT |
| FY2023 | +5.3 pp | LMT |
| FY2022 | +0.8 pp | LMT |
| FY2021 | +3.0 pp | LMT |
| FY2020 | +16.3 pp | LMT |
| FY2019 | −2.7 pp | RTX |
| FY2018 | −6.9 pp | RTX |
| FY2017 | −4.3 pp | RTX |
| FY2016 | +1.5 pp | LMT |
| FY2015 | −5.3 pp | RTX |
| FY2014 | −2.4 pp | RTX |
| FY2013 | −4.2 pp | RTX |
| FY2012 | −3.7 pp | RTX |
| FY2011 | −3.9 pp | RTX |
| FY2010 | −2.7 pp | RTX |
| FY2009 | −1.2 pp | RTX |
| FY2008 | −0.8 pp | RTX |
| FY2007 | −0.9 pp | RTX |
The higher net margin has changed hands between LMT and RTX over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RTX's net margin has been more volatile than LMT's over the 19 comparable fiscal years — 4.4 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 LMT and RTX over these 19 fiscal years — LMT led in 6 and RTX in 13.
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 RTX's over the 17 comparable fiscal years — 115.7 percentage points of standard deviation against 8.6.
17 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 17 comparable fiscal years — a structural lead, not a recent swing.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.