FLS vs. LMT: Flowserve vs. Lockheed Martin Stock Comparison

November 11, 2026

How do Flowserve (FLS) 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

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

Company profile comparison for Flowserve (FLS) and Lockheed Martin (LMT)
Profile Item	FLS	LMT
Name	Flowserve Corporation	Lockheed Martin Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Aerospace & Defense
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Aerospace & Defense
Market Capitalization	10.19 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FLS

LMT

GSPC

Flowserve (FLS) 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 Flowserve (FLS) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
Total Return (1Y)	24.11%	31.17%
Total Return (3Y, Annualized)	33.68%	12.79%
Total Return (5Y, Annualized)	22.48%	14.65%

Risk Profile

Drawdown History

FLS

LMT

GSPC

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

Risk Metrics

Risk profile metrics for Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
Volatility (1Y, Annualized)	42.18%	31.09%
Beta (5Y)	1.24	0.10
Max Drawdown (5Y)	-38.76%	-31.79%
Avg. Volume (3M)	1.61M	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

FLS 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 Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
Sharpe Ratio (1Y)	0.47	0.86
Sortino Ratio (1Y)	0.70	1.38

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% clears its industry range for ROE, a sharper capital-efficiency signal than Flowserve (FLS) at 11.61%, which is closer to a typical peer reading.

FLS

Capital Goods industry group

11.61%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
FLS: 11.61%
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%

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

Net Margin (TTM)

Both Flowserve (FLS) at 5.42% 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.

FLS

Capital Goods industry group

5.42%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
FLS: 5.42%
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%

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

Operating Margin (TTM)

Both Flowserve (FLS) at 13.45% and Lockheed Martin (LMT) at 11.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

FLS

Capital Goods industry group

13.45%

Max: 36.60%
Q3: 18.33%
FLS: 13.45%
Median: 11.12%
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%

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

Profitability Metrics

Profitability metrics for Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
ROE (TTM)	11.61%	80.19%
ROA (TTM)	6.36%	8.58%
Net Margin (TTM)	5.42%	8.23%
Operating Margin (TTM)	13.45%	11.41%
Gross Margin (TTM)	35.30%	11.73%

Growth

Revenue Growth

Both Flowserve (FLS) at 3.76% 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.

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

EPS Growth

Both Flowserve (FLS) at 23.36% and Lockheed Martin (LMT) at -3.68% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
Revenue Growth (YoY)	3.76%	5.64%
Revenue Growth (3Y CAGR)	9.37%	4.38%
EPS Growth (YoY)	23.36%	-3.68%
EPS Growth (3Y CAGR)	22.39%	-0.26%

Financial Strength

Current Ratio (MRQ)

Flowserve (FLS) at 2.10 keeps current ratio within its industry’s typical mid-range, while Lockheed Martin (LMT) at 1.26 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LMT.

FLS

Capital Goods industry group

2.10

Max: 5.22
Q3: 2.95
FLS: 2.10
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

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

Debt / Equity (MRQ)

Flowserve (FLS) at 0.95 carries an industry-typical debt-to-equity mix, while Lockheed Martin (LMT) at 2.04 uses more debt funding than most peers.

FLS

Capital Goods industry group

0.95

Max: 2.33
Q3: 1.12
FLS: 0.95
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

Flowserve (FLS) 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 Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
Current Ratio (MRQ)	2.10	1.26
Debt / Equity (MRQ)	0.95	2.04
Net Debt / EBITDA	2.08	1.47

Dividends

Dividend Yield (TTM)

Lockheed Martin (LMT) at 2.40% delivers top-quartile income for its industry, while Flowserve (FLS) at 1.11% pays a more typical yield — both are credible income propositions, LMT the richer one.

FLS

Capital Goods industry group

1.11%

Max: 2.66%
Q3: 1.14%
FLS: 1.11%
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%

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

Dividend Payout Ratio (TTM)

Both Flowserve (FLS) at 43.50% and Lockheed Martin (LMT) at 49.01% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

FLS

Capital Goods industry group

43.50%

Max: 67.39%
FLS: 43.50%
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%

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

Dividend Metrics

Dividend metrics for Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
Dividend Yield (TTM)	1.11%	2.40%
Dividend Payout Ratio (TTM)	43.50%	49.01%

Valuation

P/E Ratio (TTM)

Lockheed Martin (LMT) at 20.14 is near its industry’s usual P/E ratio, while Flowserve (FLS) at 40.19 sits in the richer quartile — FLS needs stronger growth or earnings quality to justify the premium.

FLS

Capital Goods industry group

40.19

Max: 59.38
FLS: 40.19
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

Flowserve (FLS) 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 Flowserve (FLS) at 2.17 and Lockheed Martin (LMT) at 1.66 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

FLS

Capital Goods industry group

2.17

Max: 7.54
Q3: 3.76
FLS: 2.17
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

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

P/B Ratio (MRQ)

Flowserve (FLS) at 4.40 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.

FLS

Capital Goods industry group

4.40

Max: 9.66
Q3: 5.00
FLS: 4.40
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

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

Valuation Metrics

Valuation metrics for Flowserve (FLS) and Lockheed Martin (LMT)
Metric	FLS	LMT
P/E Ratio (TTM)	40.19	20.14
P/S Ratio (TTM)	2.17	1.66
P/B Ratio (MRQ)	4.40	12.96
Free Cash Flow Yield (TTM)	3.62%	4.31%