CNH vs. LMT: CNH Industrial vs. Lockheed Martin Stock Comparison

November 11, 2026

How do CNH Industrial (CNH) 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

CNH Industrial (CNH) and Lockheed Martin (LMT) both fall under the Capital Goods industry group, but CNH is classified in Machinery while LMT is classified in Aerospace & Defense.

Company profile comparison for CNH Industrial (CNH) and Lockheed Martin (LMT)
Profile Item	CNH	LMT
Name	CNH Industrial N.V.	Lockheed Martin Corporation
Country/Region	United Kingdom	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Aerospace & Defense
GICS Sub-Industry	Agricultural & Farm Machinery	Aerospace & Defense
Market Capitalization	18.59 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 30, 2013	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CNH

LMT

GSPC

CNH Industrial (CNH) 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 CNH Industrial (CNH) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
Total Return (1Y)	38.02%	31.17%
Total Return (3Y, Annualized)	11.70%	12.79%
Total Return (5Y, Annualized)	-0.45%	14.65%

Risk Profile

Drawdown History

CNH

LMT

GSPC

CNH Industrial (CNH) 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 CNH Industrial (CNH) and Lockheed Martin (LMT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
Volatility (1Y, Annualized)	45.52%	31.09%
Beta (5Y)	1.19	0.10
Max Drawdown (5Y)	-43.80%	-31.79%
Avg. Volume (3M)	18.71M	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

CNH 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 CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
Sharpe Ratio (1Y)	0.74	0.86
Sortino Ratio (1Y)	1.25	1.38

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% delivers above-range ROE, while CNH Industrial (CNH) at 3.91% falls into the bottom quartile — a wide split in profit generated from equity.

CNH

Capital Goods industry group

3.91%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
CNH: 3.91%
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%

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

Net Margin (TTM)

Both CNH Industrial (CNH) at 1.71% 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.

CNH

Capital Goods industry group

1.71%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
CNH: 1.71%
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%

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

Operating Margin (TTM)

Both CNH Industrial (CNH) at 5.54% and Lockheed Martin (LMT) at 11.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CNH

Capital Goods industry group

5.54%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
CNH: 5.54%
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%

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

Profitability Metrics

Profitability metrics for CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
ROE (TTM)	3.91%	80.19%
ROA (TTM)	0.87%	8.58%
Net Margin (TTM)	1.71%	8.23%
Operating Margin (TTM)	5.54%	11.41%
Gross Margin (TTM)	17.76%	11.73%

Growth

Revenue Growth

Lockheed Martin (LMT) at 5.64% is around its peer norm for revenue growth, while CNH Industrial (CNH) at -8.78% drops into the bottom quartile, signaling weaker demand or pricing momentum.

CNH Industrial (CNH) vs. Lockheed Martin (LMT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Lockheed Martin (LMT) at -3.68% is around its peer norm for EPS growth, while CNH Industrial (CNH) at -58.59% drops into the bottom quartile, signaling weaker earnings momentum.

CNH Industrial (CNH) vs. Lockheed Martin (LMT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
Revenue Growth (YoY)	-8.78%	5.64%
Revenue Growth (3Y CAGR)	-8.41%	4.38%
EPS Growth (YoY)	-58.59%	-3.68%
EPS Growth (3Y CAGR)	-34.96%	-0.26%

Financial Strength

Current Ratio (MRQ)

CNH Industrial (CNH) at 4.88 carries current ratio above its industry’s typical mid-range, while Lockheed Martin (LMT) at 1.26 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CNH

Capital Goods industry group

4.88

Max: 5.22
CNH: 4.88
Q3: 2.95
Median: 2.08
Q1: 1.43
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

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

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but CNH is more stretched: Lockheed Martin (LMT) at 2.04 sits in the higher-leverage quartile and CNH Industrial (CNH) at 3.35 is above its industry benchmark range.

CNH

Capital Goods industry group

3.35

CNH: 3.35
Max: 2.33
Q3: 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

CNH Industrial (CNH) 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 CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
Current Ratio (MRQ)	4.88	1.26
Debt / Equity (MRQ)	3.35	2.04
Net Debt / EBITDA	23.62	1.47

Dividends

Dividend Yield (TTM)

Lockheed Martin (LMT) at 2.40% delivers top-quartile income for its industry, while CNH Industrial (CNH) at 0.89% pays a more typical yield — both are credible income propositions, LMT the richer one.

CNH

Capital Goods industry group

0.89%

Max: 2.66%
Q3: 1.14%
CNH: 0.89%
Median: 0.24%
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%

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

Dividend Payout Ratio (TTM)

Both CNH Industrial (CNH) at 40.00% and Lockheed Martin (LMT) at 49.01% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

CNH

Capital Goods industry group

40.00%

Max: 67.39%
CNH: 40.00%
Q3: 28.02%
Median: 6.86%
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%

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

Dividend Metrics

Dividend metrics for CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
Dividend Yield (TTM)	0.89%	2.40%
Dividend Payout Ratio (TTM)	40.00%	49.01%

Valuation

P/E Ratio (TTM)

Lockheed Martin (LMT) at 20.14 is near its industry’s usual P/E ratio, while CNH Industrial (CNH) at 46.24 sits in the richer quartile — CNH needs stronger growth or earnings quality to justify the premium.

CNH

Capital Goods industry group

46.24

Max: 59.38
CNH: 46.24
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

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

CNH Industrial (CNH) vs. Lockheed Martin (LMT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

CNH Industrial (CNH) at 1.02 sits in the cheaper P/S ratio quartile while Lockheed Martin (LMT) at 1.66 prices around its industry’s middle — CNH costs less per dollar of sales, though read it alongside growth and margins.

CNH

Capital Goods industry group

1.02

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
CNH: 1.02
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

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

P/B Ratio (MRQ)

CNH Industrial (CNH) at 1.84 sits near its industry’s typical P/B ratio, while Lockheed Martin (LMT) at 12.96 prices above its benchmark range — LMT looks rich relative to book.

CNH

Capital Goods industry group

1.84

Max: 9.66
Q3: 5.00
Median: 3.12
CNH: 1.84
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

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

Valuation Metrics

Valuation metrics for CNH Industrial (CNH) and Lockheed Martin (LMT)
Metric	CNH	LMT
P/E Ratio (TTM)	46.24	20.14
P/S Ratio (TTM)	1.02	1.66
P/B Ratio (MRQ)	1.84	12.96
Free Cash Flow Yield (TTM)	3.03%	4.31%