LMT vs. MMM: Lockheed Martin vs. 3M Stock Comparison

November 11, 2026

How do Lockheed Martin (LMT) and 3M (MMM) 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

Lockheed Martin (LMT) and 3M (MMM) both fall under the Capital Goods industry group, but LMT is classified in Aerospace & Defense while MMM is classified in Industrial Conglomerates.

Company profile comparison for Lockheed Martin (LMT) and 3M (MMM)
Profile Item	LMT	MMM
Name	Lockheed Martin Corporation	3M Company
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Industrial Conglomerates
GICS Sub-Industry	Aerospace & Defense	Industrial Conglomerates
Market Capitalization	131.00 billion USD	95.67 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LMT

MMM

GSPC

Lockheed Martin (LMT) vs. 3M (MMM), 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 Lockheed Martin (LMT) and 3M (MMM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Lockheed Martin (LMT) and 3M (MMM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
Total Return (1Y)	31.17%	16.26%
Total Return (3Y, Annualized)	12.79%	38.64%
Total Return (5Y, Annualized)	14.65%	8.14%

Risk Profile

Drawdown History

LMT

MMM

GSPC

Lockheed Martin (LMT) vs. 3M (MMM), 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 Lockheed Martin (LMT) and 3M (MMM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
Volatility (1Y, Annualized)	31.09%	27.61%
Beta (5Y)	0.10	0.97
Max Drawdown (5Y)	-31.79%	-48.86%
Avg. Volume (3M)	1.29M	3.14M

Risk-Adjusted Performance

Risk-Return Positioning

LMT and MMM 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 Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
Sharpe Ratio (1Y)	0.86	0.43
Sortino Ratio (1Y)	1.38	0.70

Profitability

ROE (TTM)

Both Lockheed Martin (LMT) at 80.19% and 3M (MMM) at 72.97% turn shareholders’ equity into profit at rates above their industry benchmark ranges for ROE. That is a strong capital-efficiency signal, though leverage and the equity base still matter.

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%

MMM

Capital Goods industry group

72.97%

MMM: 72.97%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

3M (MMM) at 14.01% retains a top-quartile share of revenue as profit, ahead of Lockheed Martin (LMT) at 8.23%, which keeps about the industry-typical share.

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%

MMM

Capital Goods industry group

14.01%

Max: 27.47%
MMM: 14.01%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

3M (MMM) at 23.69% operates in the top operating margin quartile, ahead of Lockheed Martin (LMT) at 11.41%, which runs around its industry’s norm.

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%

MMM

Capital Goods industry group

23.69%

Max: 36.60%
MMM: 23.69%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
ROE (TTM)	80.19%	72.97%
ROA (TTM)	8.58%	8.22%
Net Margin (TTM)	8.23%	14.01%
Operating Margin (TTM)	11.41%	23.69%
Gross Margin (TTM)	11.73%	39.53%

Growth

Revenue Growth

Lockheed Martin (LMT) at 5.64% is around its peer norm for revenue growth, while 3M (MMM) at 1.52% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lockheed Martin (LMT) at -3.68% and 3M (MMM) at -20.53% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
Revenue Growth (YoY)	5.64%	1.52%
Revenue Growth (3Y CAGR)	4.38%	-1.57%
EPS Growth (YoY)	-3.68%	-20.53%
EPS Growth (3Y CAGR)	-0.26%	-16.16%

Financial Strength

Current Ratio (MRQ)

Both Lockheed Martin (LMT) at 1.26 and 3M (MMM) at 1.41 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

MMM

Capital Goods industry group

1.41

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
MMM: 1.41
Min: 0.36

Lockheed Martin (LMT) vs. 3M (MMM): 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 MMM is more stretched: Lockheed Martin (LMT) at 2.04 sits in the higher-leverage quartile and 3M (MMM) at 3.04 is above its industry benchmark range.

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

MMM

Capital Goods industry group

3.04

MMM: 3.04
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
Current Ratio (MRQ)	1.26	1.41
Debt / Equity (MRQ)	2.04	3.04
Net Debt / EBITDA	1.47	1.26

Dividends

Dividend Yield (TTM)

Both Lockheed Martin (LMT) at 2.40% and 3M (MMM) at 1.64% offer top-quartile dividend income relative to share price within their industries.

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%

MMM

Capital Goods industry group

1.64%

Max: 2.66%
MMM: 1.64%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Lockheed Martin (LMT) at 49.01% and 3M (MMM) at 45.82% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

MMM

Capital Goods industry group

45.82%

Max: 67.39%
MMM: 45.82%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
Dividend Yield (TTM)	2.40%	1.64%
Dividend Payout Ratio (TTM)	49.01%	45.82%

Valuation

P/E Ratio (TTM)

Both Lockheed Martin (LMT) at 20.14 and 3M (MMM) at 27.63 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

MMM

Capital Goods industry group

27.63

Max: 59.38
Q3: 35.92
MMM: 27.63
Median: 25.41
Q1: 19.47
Min: 3.03

Lockheed Martin (LMT) vs. 3M (MMM): 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 3M (MMM) at 3.79 sits in the pricier quartile — MMM costs more per dollar of sales.

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

MMM

Capital Goods industry group

3.79

Max: 7.54
MMM: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Lockheed Martin (LMT) at 12.96 and 3M (MMM) at 23.18 look expensive — each P/B ratio sits above its industry’s benchmark range.

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

MMM

Capital Goods industry group

23.18

MMM: 23.18
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Lockheed Martin (LMT) vs. 3M (MMM): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Lockheed Martin (LMT) and 3M (MMM)
Metric	LMT	MMM
P/E Ratio (TTM)	20.14	27.63
P/S Ratio (TTM)	1.66	3.79
P/B Ratio (MRQ)	12.96	23.18
Free Cash Flow Yield (TTM)	4.31%	6.66%