GNRC vs. LMT: Generac vs. Lockheed Martin Stock Comparison

November 11, 2026

How do Generac (GNRC) 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

Generac (GNRC) and Lockheed Martin (LMT) both fall under the Capital Goods industry group, but GNRC is classified in Electrical Equipment while LMT is classified in Aerospace & Defense.

Company profile comparison for Generac (GNRC) and Lockheed Martin (LMT)
Profile Item	GNRC	LMT
Name	Generac Holdings Inc.	Lockheed Martin Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Aerospace & Defense
GICS Sub-Industry	Electrical Components & Equipment	Aerospace & Defense
Market Capitalization	10.43 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 11, 2010	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GNRC

LMT

GSPC

Generac (GNRC) 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 Generac (GNRC) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
Total Return (1Y)	23.38%	31.17%
Total Return (3Y, Annualized)	23.05%	12.79%
Total Return (5Y, Annualized)	-15.31%	14.65%

Risk Profile

Drawdown History

GNRC

LMT

GSPC

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

Risk Metrics

Generac (GNRC) has an aggressive beta of 1.84, 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 Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
Volatility (1Y, Annualized)	59.48%	31.09%
Beta (5Y)	1.84	0.10
Max Drawdown (5Y)	-81.73%	-31.79%
Avg. Volume (3M)	1.22M	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

GNRC 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 Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
Sharpe Ratio (1Y)	0.32	0.86
Sortino Ratio (1Y)	0.50	1.38

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% clears its industry range for ROE, a sharper capital-efficiency signal than Generac (GNRC) at 10.64%, which is closer to a typical peer reading.

GNRC

Capital Goods industry group

10.64%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
GNRC: 10.64%
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%

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

Net Margin (TTM)

Both Generac (GNRC) at 6.52% 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.

GNRC

Capital Goods industry group

6.52%

Max: 27.47%
Q3: 12.10%
GNRC: 6.52%
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%

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

Operating Margin (TTM)

Both Generac (GNRC) at 11.67% and Lockheed Martin (LMT) at 11.41% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

GNRC

Capital Goods industry group

11.67%

Max: 36.60%
Q3: 18.33%
GNRC: 11.67%
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%

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

Profitability Metrics

Profitability metrics for Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
ROE (TTM)	10.64%	80.19%
ROA (TTM)	4.24%	8.58%
Net Margin (TTM)	6.52%	8.23%
Operating Margin (TTM)	11.67%	11.41%
Gross Margin (TTM)	38.18%	11.73%

Growth

Revenue Growth

Lockheed Martin (LMT) at 5.64% is around its peer norm for revenue growth, while Generac (GNRC) at -2.02% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Generac (GNRC) 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 Generac (GNRC) at -50.09% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
Revenue Growth (YoY)	-2.02%	5.64%
Revenue Growth (3Y CAGR)	-2.67%	4.38%
EPS Growth (YoY)	-50.09%	-3.68%
EPS Growth (3Y CAGR)	-20.83%	-0.26%

Financial Strength

Current Ratio (MRQ)

Generac (GNRC) at 1.97 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.

GNRC

Capital Goods industry group

1.97

Max: 5.22
Q3: 2.95
Median: 2.08
GNRC: 1.97
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

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

Debt / Equity (MRQ)

Generac (GNRC) at 0.47 carries an industry-typical debt-to-equity mix, while Lockheed Martin (LMT) at 2.04 uses more debt funding than most peers.

GNRC

Capital Goods industry group

0.47

Max: 2.33
Q3: 1.12
Median: 0.60
GNRC: 0.47
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

Generac (GNRC) 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 Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
Current Ratio (MRQ)	1.97	1.26
Debt / Equity (MRQ)	0.47	2.04
Net Debt / EBITDA	1.65	1.47

Dividends

Dividend Yield (TTM)

Generac (GNRC) 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.

GNRC

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
GNRC: 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%

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

Dividend Payout Ratio (TTM)

Generac (GNRC) 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.

GNRC

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
GNRC: 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%

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

Dividend Metrics

Dividend metrics for Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
Dividend Yield (TTM)	0.00%	2.40%
Dividend Payout Ratio (TTM)	0.00%	49.01%

Valuation

P/E Ratio (TTM)

Both Generac (GNRC) at 34.87 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.

GNRC

Capital Goods industry group

34.87

Max: 59.38
Q3: 35.92
GNRC: 34.87
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

Generac (GNRC) 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 Generac (GNRC) at 2.26 and Lockheed Martin (LMT) at 1.66 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

GNRC

Capital Goods industry group

2.26

Max: 7.54
Q3: 3.76
GNRC: 2.26
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

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

P/B Ratio (MRQ)

Generac (GNRC) at 3.46 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.

GNRC

Capital Goods industry group

3.46

Max: 9.66
Q3: 5.00
GNRC: 3.46
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

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

Valuation Metrics

Valuation metrics for Generac (GNRC) and Lockheed Martin (LMT)
Metric	GNRC	LMT
P/E Ratio (TTM)	34.87	20.14
P/S Ratio (TTM)	2.26	1.66
P/B Ratio (MRQ)	3.46	12.96
Free Cash Flow Yield (TTM)	3.21%	4.31%