BA vs LMT
Boeing (BA) and Lockheed Martin (LMT) compared side by side. Boeing (BA) is larger, with a market cap of $148.9B versus $139.6B for Lockheed Martin, about 1.1 times the size. On trailing earnings, LMT is cheaper at 21.5x versus 67.3x for BA.
Head to head
| Metric | BA | LMT |
|---|---|---|
| Market cap | $148.9B | $139.6B |
| P/E (TTM) | 67.3x | 21.5x |
| Forward P/E | 50.1x | 18.3x |
| Revenue (TTM) | $94.0B | $79.1B |
| Revenue growth | 8.0% | 11.3% |
| Gross margin | 4.7% | 11.7% |
| Operating margin | 0.0% | 11.4% |
| Free cash flow | -$1.1B | $8.7B |
| Dividend yield | None | 2.38% |
| 1-year return | -13.5% | +27.0% |
| 5-year return (annual) | -2.4% | +13.0% |
| Max drawdown | -88% | -95% |
| FI Handbook grade | D | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
BA vs LMT FAQ
Which is bigger, BA or LMT?
Boeing (BA) is larger, with a market cap of $148.9B versus $139.6B for Lockheed Martin, about 1.1 times the size.
Is BA or LMT cheaper?
On trailing earnings, LMT is cheaper at 21.5x versus 67.3x for BA. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, BA or LMT?
LMT returned +27.0% over the past year including dividends, versus -13.5% for BA, through October 23, 2026.
Which pays a higher dividend, BA or LMT?
LMT yields 2.38%; BA does not pay a dividend.
Full pages: Boeing · Lockheed Martin