General Dynamics vs Lockheed Martin
Prices at close . Model readings .
General Dynamics
$354.35−0.15%- Market value
- $96.29B
- P/E
- 24.2
- 1 year
- +1.5%
Lockheed Martin
$629.75+1.09%- Market value
- $145.79B
- P/E
- 22.9
- 1 year
- +31.9%
Price change, with the S&P 500 as a benchmark
Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.
How the two compare
On the latest closes (28 Oct 2026), Lockheed Martin is the larger company by market value ($145.79B against $96.29B). Over the past year General Dynamics returned +1.5% and Lockheed Martin +31.9%, while the S&P 500 returned +12.7%. The latest filed P/E is 24.2 for General Dynamics and 22.9 for Lockheed Martin, and the operating margin 10.4% against 11.8%. Over the next 21 sessions the model expects −0.04% for General Dynamics, with a 56% chance of a rise, and −0.27% for Lockheed Martin, with a 45% chance. General Dynamics' long-run fair value is $319.46, a gap of −9.8% to its price; the long-run model view is neutral. Lockheed Martin's long-run fair value is $481.34, a gap of −23.6% to its price; the long-run model view is negative.
What the model expects
Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.
How the prices moved
Price change over each period, with the S&P 500 (SPY) for comparison.
What the market pays
Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.
How much of revenue becomes profit
Margins and returns on capital from the latest filing; revenue, net income and earnings per share over the trailing twelve months.
How fast the business grew
Change against the same quarter a year earlier.
Balance sheet and quality scores
Leverage, liquidity and two published scores: Altman Z (below 1.8 the distress zone, above 3 the safe zone) and Piotroski F (0 to 9).
How the shares trade
Volatility, sensitivity to the market, the deepest fall, short interest and how closely the two move together.
General Dynamics or Lockheed Martin: common questions
Which is larger by market value, General Dynamics or Lockheed Martin?
Lockheed Martin, at $145.79B against $96.29B for General Dynamics, on the latest closes (28 Oct 2026).
Which has the higher P/E ratio, General Dynamics or Lockheed Martin?
General Dynamics has the higher latest filed P/E, 24.2; Lockheed Martin's is 22.9. Filings: quarter to 5 Jul 2026 and 27 Sep 2026.
How did General Dynamics and Lockheed Martin move over the past year against the S&P 500?
Over the past year General Dynamics returned +1.5% and Lockheed Martin +31.9%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.
What does the model expect for General Dynamics and Lockheed Martin over the next month?
−0.04% for General Dynamics with a 56% chance of a rise, and −0.27% for Lockheed Martin with a 45% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.
How do the operating margins of General Dynamics and Lockheed Martin compare?
The operating margin is 10.4% for General Dynamics and 11.8% for Lockheed Martin, and the gross margin 10.4% against 11.8%. Filings: quarter to 5 Jul 2026 and 27 Sep 2026.
Do General Dynamics and Lockheed Martin shares move together?
Over the past year the correlation of their daily returns was 0.58 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.
Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.