ESLT vs. LMT: Elbit Systems vs. Lockheed Martin Stock Comparison

November 11, 2026

How do Elbit Systems (ESLT) 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

Elbit Systems (ESLT) and Lockheed Martin (LMT) are both classified in the Aerospace & Defense sub-industry within the broader Aerospace & Defense industry, placing them in the closest GICS peer bucket.

Company profile comparison for Elbit Systems (ESLT) and Lockheed Martin (LMT)
Profile Item	ESLT	LMT
Name	Elbit Systems Ltd.	Lockheed Martin Corporation
Country/Region	Israel	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Aerospace & Defense
GICS Sub-Industry	Aerospace & Defense	Aerospace & Defense
Market Capitalization	32.00 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	November 27, 1996	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ESLT

LMT

GSPC

Elbit Systems (ESLT) 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 Elbit Systems (ESLT) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
Total Return (1Y)	55.34%	31.17%
Total Return (3Y, Annualized)	57.29%	12.79%
Total Return (5Y, Annualized)	37.24%	14.65%

Risk Profile

Drawdown History

ESLT

LMT

GSPC

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

Risk Metrics

Lockheed Martin (LMT) trades around 1.29M shares per day on average, while Elbit Systems (ESLT) sees only 88.09K — a volume gap that can matter for position sizing, exit liquidity, and order execution.

Risk profile metrics for Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
Volatility (1Y, Annualized)	47.34%	31.09%
Beta (5Y)	0.10	0.10
Max Drawdown (5Y)	-35.54%	-31.79%
Avg. Volume (3M)	88.09K	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

ESLT 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 Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
Sharpe Ratio (1Y)	1.08	0.86
Sortino Ratio (1Y)	1.76	1.38

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% clears its industry range for ROE, a sharper capital-efficiency signal than Elbit Systems (ESLT) at 15.24%, which is closer to a typical peer reading.

ESLT

Capital Goods industry group

15.24%

Max: 40.55%
Q3: 19.29%
ESLT: 15.24%
Median: 12.12%
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%

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

Net Margin (TTM)

Both Elbit Systems (ESLT) at 7.44% 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.

ESLT

Capital Goods industry group

7.44%

Max: 27.47%
Q3: 12.10%
ESLT: 7.44%
Median: 6.30%
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%

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

Operating Margin (TTM)

Both Elbit Systems (ESLT) at 9.57% and Lockheed Martin (LMT) at 11.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ESLT

Capital Goods industry group

9.57%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
ESLT: 9.57%
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%

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

Profitability Metrics

Profitability metrics for Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
ROE (TTM)	15.24%	80.19%
ROA (TTM)	3.87%	8.58%
Net Margin (TTM)	7.44%	8.23%
Operating Margin (TTM)	9.57%	11.41%
Gross Margin (TTM)	25.03%	11.73%

Growth

Revenue Growth

Both Elbit Systems (ESLT) at 16.27% 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.

Elbit Systems (ESLT) vs. Lockheed Martin (LMT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Elbit Systems (ESLT) at 58.64% sits in the top EPS growth quartile, while Lockheed Martin (LMT) at -3.68% is closer to the peer norm — faster per-share earnings growth for ESLT.

Elbit Systems (ESLT) vs. Lockheed Martin (LMT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
Revenue Growth (YoY)	16.27%	5.64%
Revenue Growth (3Y CAGR)	12.93%	4.38%
EPS Growth (YoY)	58.64%	-3.68%
EPS Growth (3Y CAGR)	22.61%	-0.26%

Financial Strength

Current Ratio (MRQ)

Both Elbit Systems (ESLT) at 1.40 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.

ESLT

Capital Goods industry group

1.40

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ESLT: 1.40
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

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

Debt / Equity (MRQ)

Elbit Systems (ESLT) at 0.19 keeps leverage in the lower quartile, while Lockheed Martin (LMT) at 2.04 sits in the higher-leverage quartile.

ESLT

Capital Goods industry group

0.19

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
ESLT: 0.19
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

Elbit Systems (ESLT) 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 Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
Current Ratio (MRQ)	1.40	1.26
Debt / Equity (MRQ)	0.19	2.04
Net Debt / EBITDA	-0.11	1.47

Dividends

Dividend Yield (TTM)

Lockheed Martin (LMT) at 2.40% delivers top-quartile income for its industry, while Elbit Systems (ESLT) at 0.58% pays a more typical yield — both are credible income propositions, LMT the richer one.

ESLT

Capital Goods industry group

0.58%

Max: 2.66%
Q3: 1.14%
ESLT: 0.58%
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%

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

Dividend Payout Ratio (TTM)

Elbit Systems (ESLT) at 23.33% pays out a band-typical share of earnings, while Lockheed Martin (LMT) at 49.01% distributes more than its industry norm — less retained, thinner cover.

ESLT

Capital Goods industry group

23.33%

Max: 67.39%
Q3: 28.02%
ESLT: 23.33%
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%

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

Dividend Metrics

Dividend metrics for Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
Dividend Yield (TTM)	0.58%	2.40%
Dividend Payout Ratio (TTM)	23.33%	49.01%

Valuation

P/E Ratio (TTM)

Lockheed Martin (LMT) at 20.14 is near its industry’s usual P/E ratio, while Elbit Systems (ESLT) at 51.36 sits in the richer quartile — ESLT needs stronger growth or earnings quality to justify the premium.

ESLT

Capital Goods industry group

51.36

Max: 59.38
ESLT: 51.36
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

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

P/S Ratio (TTM)

On P/S ratio, both Elbit Systems (ESLT) at 3.74 and Lockheed Martin (LMT) at 1.66 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ESLT

Capital Goods industry group

3.74

Max: 7.54
Q3: 3.76
ESLT: 3.74
Median: 2.15
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

Elbit Systems (ESLT) 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: Elbit Systems (ESLT) at 7.24 sits in the upper P/B ratio quartile, and Lockheed Martin (LMT) at 12.96 prices even higher, above its industry range.

ESLT

Capital Goods industry group

7.24

Max: 9.66
ESLT: 7.24
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

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

Valuation Metrics

Valuation metrics for Elbit Systems (ESLT) and Lockheed Martin (LMT)
Metric	ESLT	LMT
P/E Ratio (TTM)	51.36	20.14
P/S Ratio (TTM)	3.74	1.66
P/B Ratio (MRQ)	7.24	12.96
Free Cash Flow Yield (TTM)	-0.12%	4.31%