LMT vs. MTZ: Lockheed Martin vs. MasTec Stock Comparison

November 11, 2026

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

Company profile comparison for Lockheed Martin (LMT) and MasTec (MTZ)
Profile Item	LMT	MTZ
Name	Lockheed Martin Corporation	MasTec, Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Construction & Engineering
GICS Sub-Industry	Aerospace & Defense	Construction & Engineering
Market Capitalization	131.00 billion USD	13.98 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	February 21, 1973
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LMT

MTZ

GSPC

Lockheed Martin (LMT) vs. MasTec (MTZ), 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 MasTec (MTZ). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lockheed Martin (LMT) and MasTec (MTZ)
Metric	LMT	MTZ
Total Return (1Y)	31.17%	-7.45%
Total Return (3Y, Annualized)	12.79%	57.37%
Total Return (5Y, Annualized)	14.65%	13.96%

Risk Profile

Drawdown History

LMT

MTZ

GSPC

Lockheed Martin (LMT) vs. MasTec (MTZ), 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 MasTec (MTZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

MasTec (MTZ) has an aggressive beta of 1.91, 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 Lockheed Martin (LMT) and MasTec (MTZ)
Metric	LMT	MTZ
Volatility (1Y, Annualized)	31.09%	55.99%
Beta (5Y)	0.10	1.91
Max Drawdown (5Y)	-31.79%	-63.67%
Avg. Volume (3M)	1.29M	1.63M

Risk-Adjusted Performance

Risk-Return Positioning

LMT and MTZ 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 MasTec (MTZ)
Metric	LMT	MTZ
Sharpe Ratio (1Y)	0.86	-0.21
Sortino Ratio (1Y)	1.38	-0.28

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% clears its industry range for ROE, a sharper capital-efficiency signal than MasTec (MTZ) at 14.53%, which is closer to a typical peer reading.

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%

MTZ

Capital Goods industry group

14.53%

Max: 40.55%
Q3: 19.29%
MTZ: 14.53%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Lockheed Martin (LMT) at 8.23% and MasTec (MTZ) at 2.80% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

MTZ

Capital Goods industry group

2.80%

Max: 27.47%
Q3: 12.10%
Median: 6.30%
MTZ: 2.80%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Lockheed Martin (LMT) at 11.41% and MasTec (MTZ) at 5.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

MTZ

Capital Goods industry group

5.64%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
MTZ: 5.64%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Lockheed Martin (LMT) and MasTec (MTZ)
Metric	LMT	MTZ
ROE (TTM)	80.19%	14.53%
ROA (TTM)	8.58%	4.43%
Net Margin (TTM)	8.23%	2.80%
Operating Margin (TTM)	11.41%	5.64%
Gross Margin (TTM)	11.73%	12.74%

Growth

Revenue Growth

Both Lockheed Martin (LMT) at 5.64% and MasTec (MTZ) at 16.22% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

MasTec (MTZ) at 146.12% clears its industry range for EPS growth, a much stronger earnings trajectory than Lockheed Martin (LMT) at -3.68%, which is closer to a typical peer reading.

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

Growth Metrics

Growth metrics for Lockheed Martin (LMT) and MasTec (MTZ)
Metric	LMT	MTZ
Revenue Growth (YoY)	5.64%	16.22%
Revenue Growth (3Y CAGR)	4.38%	13.51%
EPS Growth (YoY)	-3.68%	146.12%
EPS Growth (3Y CAGR)	-0.26%	129.40%

Financial Strength

Current Ratio (MRQ)

Both Lockheed Martin (LMT) at 1.26 and MasTec (MTZ) at 1.39 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

MTZ

Capital Goods industry group

1.39

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
MTZ: 1.39
Min: 0.36

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

Debt / Equity (MRQ)

Both Lockheed Martin (LMT) at 2.04 and MasTec (MTZ) at 1.12 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

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

MTZ

Capital Goods industry group

1.12

Max: 2.33
MTZ: 1.12
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Lockheed Martin (LMT) vs. MasTec (MTZ): 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 MasTec (MTZ)
Metric	LMT	MTZ
Current Ratio (MRQ)	1.26	1.39
Debt / Equity (MRQ)	2.04	1.12
Net Debt / EBITDA	1.47	3.08

Dividends

Dividend Yield (TTM)

MasTec (MTZ) 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.

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%

MTZ

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
MTZ: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

MasTec (MTZ) 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.

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%

MTZ

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
MTZ: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

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

Valuation

P/E Ratio (TTM)

Both Lockheed Martin (LMT) at 20.14 and MasTec (MTZ) at 28.40 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

MTZ

Capital Goods industry group

28.40

Max: 59.38
Q3: 35.92
MTZ: 28.40
Median: 25.41
Q1: 19.47
Min: 3.03

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

P/S Ratio (TTM)

MasTec (MTZ) at 0.81 sits in the cheaper P/S ratio quartile while Lockheed Martin (LMT) at 1.66 prices around its industry’s middle — MTZ costs less per dollar of sales, though read it alongside growth and margins.

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

MTZ

Capital Goods industry group

0.81

Max: 7.54
Q3: 3.76
Median: 2.15
Q1: 1.03
MTZ: 0.81
Min: 0.03

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

P/B Ratio (MRQ)

MasTec (MTZ) at 3.35 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.

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

MTZ

Capital Goods industry group

3.35

Max: 9.66
Q3: 5.00
MTZ: 3.35
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Lockheed Martin (LMT) and MasTec (MTZ)
Metric	LMT	MTZ
P/E Ratio (TTM)	20.14	28.40
P/S Ratio (TTM)	1.66	0.81
P/B Ratio (MRQ)	12.96	3.35
Free Cash Flow Yield (TTM)	4.31%	1.00%