LMT vs. PCAR: Lockheed Martin vs. PACCAR Stock Comparison

November 11, 2026

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

Company profile comparison for Lockheed Martin (LMT) and PACCAR (PCAR)
Profile Item	LMT	PCAR
Name	Lockheed Martin Corporation	PACCAR Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Machinery
GICS Sub-Industry	Aerospace & Defense	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	131.00 billion USD	53.69 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	January 2, 1962	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LMT

PCAR

GSPC

Lockheed Martin (LMT) vs. PACCAR (PCAR), 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 PACCAR (PCAR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lockheed Martin (LMT) and PACCAR (PCAR)
Metric	LMT	PCAR
Total Return (1Y)	31.17%	9.49%
Total Return (3Y, Annualized)	12.79%	11.04%
Total Return (5Y, Annualized)	14.65%	16.64%

Risk Profile

Drawdown History

LMT

PCAR

GSPC

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

Risk Metrics

Risk profile metrics for Lockheed Martin (LMT) and PACCAR (PCAR)
Metric	LMT	PCAR
Volatility (1Y, Annualized)	31.09%	27.23%
Beta (5Y)	0.10	0.94
Max Drawdown (5Y)	-31.79%	-27.75%
Avg. Volume (3M)	1.29M	3.33M

Risk-Adjusted Performance

Risk-Return Positioning

LMT and PCAR 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 PACCAR (PCAR)
Metric	LMT	PCAR
Sharpe Ratio (1Y)	0.86	0.19
Sortino Ratio (1Y)	1.38	0.30

Profitability

ROE (TTM)

Lockheed Martin (LMT) at 80.19% clears its industry range for ROE, a sharper capital-efficiency signal than PACCAR (PCAR) at 13.71%, 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%

PCAR

Capital Goods industry group

13.71%

Max: 40.55%
Q3: 19.29%
PCAR: 13.71%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Both Lockheed Martin (LMT) at 8.23% and PACCAR (PCAR) at 9.50% 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%

PCAR

Capital Goods industry group

9.50%

Max: 27.47%
Q3: 12.10%
PCAR: 9.50%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Lockheed Martin (LMT) at 11.41% and PACCAR (PCAR) at 12.59% 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%

PCAR

Capital Goods industry group

12.59%

Max: 36.60%
Q3: 18.33%
PCAR: 12.59%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Lockheed Martin (LMT) and PACCAR (PCAR)
Metric	LMT	PCAR
ROE (TTM)	80.19%	13.71%
ROA (TTM)	8.58%	4.53%
Net Margin (TTM)	8.23%	9.50%
Operating Margin (TTM)	11.41%	12.59%
Gross Margin (TTM)	11.73%	14.21%

Growth

Revenue Growth

Lockheed Martin (LMT) at 5.64% is around its peer norm for revenue growth, while PACCAR (PCAR) at -15.50% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Lockheed Martin (LMT) vs. PACCAR (PCAR): 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 PACCAR (PCAR) at -42.91% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Lockheed Martin (LMT) and PACCAR (PCAR)
Metric	LMT	PCAR
Revenue Growth (YoY)	5.64%	-15.50%
Revenue Growth (3Y CAGR)	4.38%	-0.44%
EPS Growth (YoY)	-3.68%	-42.91%
EPS Growth (3Y CAGR)	-0.26%	-7.80%

Financial Strength

Current Ratio (MRQ)

PACCAR (PCAR) at 5.47 carries current ratio above its industry’s typical mid-range, while Lockheed Martin (LMT) at 1.26 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

PCAR

Capital Goods industry group

5.47

PCAR: 5.47
Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

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

Debt / Equity (MRQ)

PACCAR (PCAR) at 0.72 carries an industry-typical debt-to-equity mix, while Lockheed Martin (LMT) at 2.04 uses more debt funding than most peers.

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

PCAR

Capital Goods industry group

0.72

Max: 2.33
Q3: 1.12
PCAR: 0.72
Median: 0.60
Q1: 0.29
Min: 0.00

Lockheed Martin (LMT) vs. PACCAR (PCAR): 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 PACCAR (PCAR)
Metric	LMT	PCAR
Current Ratio (MRQ)	1.26	5.47
Debt / Equity (MRQ)	2.04	0.72
Net Debt / EBITDA	1.47	1.62

Dividends

Dividend Yield (TTM)

Both Lockheed Martin (LMT) at 2.40% and PACCAR (PCAR) at 1.30% 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%

PCAR

Capital Goods industry group

1.30%

Max: 2.66%
PCAR: 1.30%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

PACCAR (PCAR) at 25.95% pays out a band-typical share of earnings, while Lockheed Martin (LMT) at 49.01% distributes more than its industry norm — less retained, thinner cover.

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%

PCAR

Capital Goods industry group

25.95%

Max: 67.39%
Q3: 28.02%
PCAR: 25.95%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Lockheed Martin (LMT) and PACCAR (PCAR)
Metric	LMT	PCAR
Dividend Yield (TTM)	2.40%	1.30%
Dividend Payout Ratio (TTM)	49.01%	25.95%

Valuation

P/E Ratio (TTM)

PACCAR (PCAR) at 19.46 sits in the cheaper P/E ratio quartile, while Lockheed Martin (LMT) at 20.14 is closer to its industry’s usual earnings multiple — a discount for PCAR, though growth and earnings durability still matter.

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

PCAR

Capital Goods industry group

19.46

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
PCAR: 19.46
Min: 3.03

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

P/S Ratio (TTM)

On P/S ratio, both Lockheed Martin (LMT) at 1.66 and PACCAR (PCAR) at 1.85 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

PCAR

Capital Goods industry group

1.85

Max: 7.54
Q3: 3.76
Median: 2.15
PCAR: 1.85
Q1: 1.03
Min: 0.03

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

P/B Ratio (MRQ)

PACCAR (PCAR) at 2.57 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

PCAR

Capital Goods industry group

2.57

Max: 9.66
Q3: 5.00
Median: 3.12
PCAR: 2.57
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Lockheed Martin (LMT) and PACCAR (PCAR)
Metric	LMT	PCAR
P/E Ratio (TTM)	20.14	19.46
P/S Ratio (TTM)	1.66	1.85
P/B Ratio (MRQ)	12.96	2.57
Free Cash Flow Yield (TTM)	4.31%	3.23%