LMT vs. VRT: Lockheed Martin vs. Vertiv Stock Comparison

November 11, 2026

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

Company profile comparison for Lockheed Martin (LMT) and Vertiv (VRT)
Profile Item	LMT	VRT
Name	Lockheed Martin Corporation	Vertiv Holdings Co Class A Common Stock
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Electrical Equipment
GICS Sub-Industry	Aerospace & Defense	Electrical Components & Equipment
Market Capitalization	131.00 billion USD	70.41 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	August 2, 2018
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LMT

VRT

GSPC

Lockheed Martin (LMT) vs. Vertiv (VRT), 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 Vertiv (VRT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Lockheed Martin (LMT) and Vertiv (VRT)
Metric	LMT	VRT
Total Return (1Y)	31.17%	11.12%
Total Return (3Y, Annualized)	12.79%	71.14%
Total Return (5Y, Annualized)	14.65%	49.38%

Risk Profile

Drawdown History

LMT

VRT

GSPC

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

Risk Metrics

Vertiv (VRT) has a highly aggressive beta of 2.15, indicating much higher sensitivity to broad-market moves, while Lockheed Martin (LMT) is defensive at 0.10 and tends to be less market-sensitive — a wide gap in beta profiles.

Risk profile metrics for Lockheed Martin (LMT) and Vertiv (VRT)
Metric	LMT	VRT
Volatility (1Y, Annualized)	31.09%	71.11%
Beta (5Y)	0.10	2.15
Max Drawdown (5Y)	-31.79%	-69.52%
Avg. Volume (3M)	1.29M	5.90M

Risk-Adjusted Performance

Risk-Return Positioning

LMT and VRT 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 Vertiv (VRT)
Metric	LMT	VRT
Sharpe Ratio (1Y)	0.86	0.10
Sortino Ratio (1Y)	1.38	0.14

Profitability

ROE (TTM)

Both Lockheed Martin (LMT) at 80.19% and Vertiv (VRT) at 46.57% 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%

VRT

Capital Goods industry group

46.57%

VRT: 46.57%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

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

Net Margin (TTM)

Vertiv (VRT) at 16.00% 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%

VRT

Capital Goods industry group

16.00%

Max: 27.47%
VRT: 16.00%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Vertiv (VRT) at 23.77% 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%

VRT

Capital Goods industry group

23.77%

Max: 36.60%
VRT: 23.77%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Lockheed Martin (LMT) and Vertiv (VRT)
Metric	LMT	VRT
ROE (TTM)	80.19%	46.57%
ROA (TTM)	8.58%	11.94%
Net Margin (TTM)	8.23%	16.00%
Operating Margin (TTM)	11.41%	23.77%
Gross Margin (TTM)	11.73%	38.12%

Growth

Revenue Growth

Vertiv (VRT) at 27.69% sits in the top revenue growth quartile, while Lockheed Martin (LMT) at 5.64% is closer to the peer norm — faster top-line expansion for VRT.

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

EPS Growth

Vertiv (VRT) at 166.41% 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. Vertiv (VRT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lockheed Martin (LMT) and Vertiv (VRT)
Metric	LMT	VRT
Revenue Growth (YoY)	5.64%	27.69%
Revenue Growth (3Y CAGR)	4.38%	21.59%
EPS Growth (YoY)	-3.68%	166.41%
EPS Growth (3Y CAGR)	-0.26%	340.11%

Financial Strength

Current Ratio (MRQ)

Both Lockheed Martin (LMT) at 1.26 and Vertiv (VRT) 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

VRT

Capital Goods industry group

1.39

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

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

Debt / Equity (MRQ)

Vertiv (VRT) at 0.61 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

VRT

Capital Goods industry group

0.61

Max: 2.33
Q3: 1.12
VRT: 0.61
Median: 0.60
Q1: 0.29
Min: 0.00

Lockheed Martin (LMT) vs. Vertiv (VRT): 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 Vertiv (VRT)
Metric	LMT	VRT
Current Ratio (MRQ)	1.26	1.39
Debt / Equity (MRQ)	2.04	0.61
Net Debt / EBITDA	1.47	-0.11

Dividends

Dividend Yield (TTM)

Lockheed Martin (LMT) at 2.40% delivers top-quartile income for its industry, while Vertiv (VRT) at 0.11% pays a more typical yield — both are credible income propositions, LMT the richer one.

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%

VRT

Capital Goods industry group

0.11%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
VRT: 0.11%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Vertiv (VRT) at 4.67% 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%

VRT

Capital Goods industry group

4.67%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
VRT: 4.67%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Lockheed Martin (LMT) and Vertiv (VRT)
Metric	LMT	VRT
Dividend Yield (TTM)	2.40%	0.11%
Dividend Payout Ratio (TTM)	49.01%	4.67%

Valuation

P/E Ratio (TTM)

Both Lockheed Martin (LMT) at 20.14 and Vertiv (VRT) at 34.18 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

VRT

Capital Goods industry group

34.18

Max: 59.38
Q3: 35.92
VRT: 34.18
Median: 25.41
Q1: 19.47
Min: 3.03

Lockheed Martin (LMT) vs. Vertiv (VRT): 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 Vertiv (VRT) at 5.37 sits in the pricier quartile — VRT 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

VRT

Capital Goods industry group

5.37

Max: 7.54
VRT: 5.37
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Lockheed Martin (LMT) vs. Vertiv (VRT): 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 Vertiv (VRT) at 12.80 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

VRT

Capital Goods industry group

12.80

VRT: 12.80
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

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

Valuation Metrics

Valuation metrics for Lockheed Martin (LMT) and Vertiv (VRT)
Metric	LMT	VRT
P/E Ratio (TTM)	20.14	34.18
P/S Ratio (TTM)	1.66	5.37
P/B Ratio (MRQ)	12.96	12.80
Free Cash Flow Yield (TTM)	4.31%	4.21%