APG vs. LMT: APi Group vs. Lockheed Martin Stock Comparison

November 11, 2026

How do APi Group (APG) and Lockheed Martin (LMT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

APi Group (APG) and Lockheed Martin (LMT) both fall under the Capital Goods industry group, but APG is classified in Construction & Engineering while LMT is classified in Aerospace & Defense.

Lockheed Martin (LMT) has more than two decades of public-market history since January 2, 1962, whereas APi Group (APG) listed on April 29, 2020 and has a much shorter record to draw on.

Company profile comparison for APi Group (APG) and Lockheed Martin (LMT)
Profile Item	APG	LMT
Name	APi Group Corporation Common Stock	Lockheed Martin Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Construction & Engineering	Aerospace & Defense
GICS Sub-Industry	Construction & Engineering	Aerospace & Defense
Market Capitalization	17.38 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 29, 2020	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

APG

LMT

GSPC

APi Group (APG) vs. Lockheed Martin (LMT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for APi Group (APG) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for APi Group (APG) and Lockheed Martin (LMT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
Total Return (1Y)	17.89%	31.17%
Total Return (3Y, Annualized)	33.17%	12.79%
Total Return (5Y, Annualized)	23.35%	14.65%

Risk Profile

Drawdown History

APG

LMT

GSPC

APi Group (APG) vs. Lockheed Martin (LMT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for APi Group (APG) and Lockheed Martin (LMT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

APi Group (APG) has an aggressive beta of 1.59, indicating higher sensitivity to broad-market moves, while Lockheed Martin (LMT) is defensive at 0.10 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
Volatility (1Y, Annualized)	32.45%	31.09%
Beta (5Y)	1.59	0.10
Max Drawdown (5Y)	-49.62%	-31.79%
Avg. Volume (3M)	3.19M	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

APG and LMT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
Sharpe Ratio (1Y)	0.42	0.86
Sortino Ratio (1Y)	0.61	1.38

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% clears its industry range for ROE, a sharper capital-efficiency signal than APi Group (APG) at 10.85%, which is closer to a typical peer reading.

APG

Capital Goods industry group

10.85%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
APG: 10.85%
Q1: 4.08%
Min: -17.12%

LMT

Capital Goods industry group

80.19%

LMT: 80.19%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Both APi Group (APG) at 4.12% and Lockheed Martin (LMT) at 8.23% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

APG

Capital Goods industry group

4.12%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
APG: 4.12%
Q1: 1.40%
Min: -12.89%

LMT

Capital Goods industry group

8.23%

Max: 27.47%
Q3: 12.10%
LMT: 8.23%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both APi Group (APG) at 9.28% and Lockheed Martin (LMT) at 11.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

APG

Capital Goods industry group

9.28%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
APG: 9.28%
Q1: 5.14%
Min: -12.63%

LMT

Capital Goods industry group

11.41%

Max: 36.60%
Q3: 18.33%
LMT: 11.41%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
ROE (TTM)	10.85%	80.19%
ROA (TTM)	5.20%	8.58%
Net Margin (TTM)	4.12%	8.23%
Operating Margin (TTM)	9.28%	11.41%
Gross Margin (TTM)	31.11%	11.73%

Growth

Revenue Growth

Both APi Group (APG) at 12.72% and Lockheed Martin (LMT) at 5.64% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Lockheed Martin (LMT) reports EPS growth of -3.68%, ranked against its industry; APi Group (APG) has no EPS growth figure this period.

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
Revenue Growth (YoY)	12.72%	5.64%
Revenue Growth (3Y CAGR)	6.45%	4.38%
EPS Growth (YoY)	--	-3.68%
EPS Growth (3Y CAGR)	--	-0.26%

Financial Strength

Current Ratio (MRQ)

Both APi Group (APG) at 1.18 and Lockheed Martin (LMT) at 1.26 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

APG

Capital Goods industry group

1.18

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
APG: 1.18
Min: 0.36

LMT

Capital Goods industry group

1.26

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
LMT: 1.26
Min: 0.36

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

APi Group (APG) at 1.12 carries an industry-typical debt-to-equity mix, while Lockheed Martin (LMT) at 2.04 uses more debt funding than most peers.

APG

Capital Goods industry group

1.12

Max: 2.33
Q3: 1.12
APG: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

LMT

Capital Goods industry group

2.04

Max: 2.33
LMT: 2.04
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
Current Ratio (MRQ)	1.18	1.26
Debt / Equity (MRQ)	1.12	2.04
Net Debt / EBITDA	3.05	1.47

Dividends

Dividend Yield (TTM)

APi Group (APG) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lockheed Martin (LMT) reports a yield of 2.40%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

LMT

Capital Goods industry group

2.40%

Max: 2.66%
LMT: 2.40%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

APi Group (APG) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Lockheed Martin (LMT) reports a payout of 49.01%, ranking against industry peers normally.

APG

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
APG: 0.00%
Q1: 0.00%
Min: 0.00%

LMT

Capital Goods industry group

49.01%

Max: 67.39%
LMT: 49.01%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
Dividend Yield (TTM)	0.00%	2.40%
Dividend Payout Ratio (TTM)	0.00%	49.01%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Lockheed Martin (LMT) trades at 20.14 times trailing earnings, ranked against its peers, while APi Group (APG) has no P/E ratio this period.

APG

Capital Goods industry group

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03
APG: --

LMT

Capital Goods industry group

20.14

Max: 59.38
Q3: 35.92
Median: 25.41
LMT: 20.14
Q1: 19.47
Min: 3.03

APi Group (APG) vs. Lockheed Martin (LMT): APG does not report P/E ratio, so it has no value marker; LMT is benchmarked against the Capital Goods industry group.

P/S Ratio (TTM)

On P/S ratio, both APi Group (APG) at 1.95 and Lockheed Martin (LMT) at 1.66 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

APG

Capital Goods industry group

1.95

Max: 7.54
Q3: 3.76
Median: 2.15
APG: 1.95
Q1: 1.03
Min: 0.03

LMT

Capital Goods industry group

1.66

Max: 7.54
Q3: 3.76
Median: 2.15
LMT: 1.66
Q1: 1.03
Min: 0.03

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: APi Group (APG) at 5.01 sits in the upper P/B ratio quartile, and Lockheed Martin (LMT) at 12.96 prices even higher, above its industry range.

APG

Capital Goods industry group

5.01

Max: 9.66
APG: 5.01
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

LMT

Capital Goods industry group

12.96

LMT: 12.96
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

APi Group (APG) vs. Lockheed Martin (LMT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for APi Group (APG) and Lockheed Martin (LMT)
Metric	APG	LMT
P/E Ratio (TTM)	--	20.14
P/S Ratio (TTM)	1.95	1.66
P/B Ratio (MRQ)	5.01	12.96
Free Cash Flow Yield (TTM)	3.54%	4.31%