FER vs. LMT: Ferrovial vs. Lockheed Martin Stock Comparison

November 11, 2026

How do Ferrovial (FER) 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

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

Company profile comparison for Ferrovial (FER) and Lockheed Martin (LMT)
Profile Item	FER	LMT
Name	Ferrovial N.V.	Lockheed Martin Corporation
Country/Region	Netherlands	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	42.19 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	August 13, 2012	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FER

LMT

GSPC

Ferrovial (FER) 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 Ferrovial (FER) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
Total Return (1Y)	-1.10%	31.17%
Total Return (3Y, Annualized)	26.01%	12.79%
Total Return (5Y, Annualized)	17.20%	14.65%

Risk Profile

Drawdown History

FER

LMT

GSPC

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

Risk Metrics

Risk profile metrics for Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
Volatility (1Y, Annualized)	27.38%	31.09%
Beta (5Y)	0.36	0.10
Max Drawdown (5Y)	-33.67%	-31.79%
Avg. Volume (3M)	1.95M	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

FER 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 Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
Sharpe Ratio (1Y)	-0.20	0.86
Sortino Ratio (1Y)	-0.30	1.38

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% clears its industry range for ROE, a sharper capital-efficiency signal than Ferrovial (FER) at 11.62%, which is closer to a typical peer reading.

FER

Capital Goods industry group

11.62%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
FER: 11.62%
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%

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

Net Margin (TTM)

Both Ferrovial (FER) at 6.15% 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.

FER

Capital Goods industry group

6.15%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
FER: 6.15%
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%

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

Operating Margin (TTM)

Both Ferrovial (FER) at 10.45% and Lockheed Martin (LMT) at 11.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FER

Capital Goods industry group

10.45%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
FER: 10.45%
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%

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

Profitability Metrics

Profitability metrics for Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
ROE (TTM)	11.62%	80.19%
ROA (TTM)	2.62%	8.58%
Net Margin (TTM)	6.15%	8.23%
Operating Margin (TTM)	10.45%	11.41%
Gross Margin (TTM)	87.14%	11.73%

Growth

Revenue Growth

Both Ferrovial (FER) at 5.24% 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.

Ferrovial (FER) 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 Ferrovial (FER) at -72.26% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
Revenue Growth (YoY)	5.24%	5.64%
Revenue Growth (3Y CAGR)	8.43%	4.38%
EPS Growth (YoY)	-72.26%	-3.68%
EPS Growth (3Y CAGR)	70.54%	-0.26%

Financial Strength

Current Ratio (MRQ)

Both Ferrovial (FER) at 1.20 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.

FER

Capital Goods industry group

1.20

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
FER: 1.20
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

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

Debt / Equity (MRQ)

Both Ferrovial (FER) at 1.44 and Lockheed Martin (LMT) at 2.04 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

FER

Capital Goods industry group

1.44

Max: 2.33
FER: 1.44
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

Ferrovial (FER) 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 Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
Current Ratio (MRQ)	1.20	1.26
Debt / Equity (MRQ)	1.44	2.04
Net Debt / EBITDA	4.39	1.47

Dividends

Dividend Yield (TTM)

Lockheed Martin (LMT) at 2.40% delivers top-quartile income for its industry, while Ferrovial (FER) at 0.94% pays a more typical yield — both are credible income propositions, LMT the richer one.

FER

Capital Goods industry group

0.94%

Max: 2.66%
Q3: 1.14%
FER: 0.94%
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%

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

Dividend Payout Ratio (TTM)

Both pay out more than their industries’ typical bands, and FER more so: Lockheed Martin (LMT) at 49.01% sits above the band, while Ferrovial (FER) at 71.24% exceeds every peer in its group.

FER

Capital Goods industry group

71.24%

FER: 71.24%
Max: 67.39%
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%

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

Dividend Metrics

Dividend metrics for Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
Dividend Yield (TTM)	0.94%	2.40%
Dividend Payout Ratio (TTM)	71.24%	49.01%

Valuation

P/E Ratio (TTM)

Both Ferrovial (FER) at 32.26 and Lockheed Martin (LMT) at 20.14 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

FER

Capital Goods industry group

32.26

Max: 59.38
Q3: 35.92
FER: 32.26
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

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

P/S Ratio (TTM)

Lockheed Martin (LMT) at 1.66 is priced about in line with its industry on P/S ratio, while Ferrovial (FER) at 4.28 sits in the pricier quartile — FER costs more per dollar of sales.

FER

Capital Goods industry group

4.28

Max: 7.54
FER: 4.28
Q3: 3.76
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

Ferrovial (FER) 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: Ferrovial (FER) at 6.59 sits in the upper P/B ratio quartile, and Lockheed Martin (LMT) at 12.96 prices even higher, above its industry range.

FER

Capital Goods industry group

6.59

Max: 9.66
FER: 6.59
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

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

Valuation Metrics

Valuation metrics for Ferrovial (FER) and Lockheed Martin (LMT)
Metric	FER	LMT
P/E Ratio (TTM)	32.26	20.14
P/S Ratio (TTM)	4.28	1.66
P/B Ratio (MRQ)	6.59	12.96
Free Cash Flow Yield (TTM)	2.11%	4.31%