Side-by-side comparison
Lockheed Martin vs Northrop Grumman
As of Nov 11, 2026, P/E is 21.5x for Lockheed Martin vs 17.3x for Northrop Grumman; P/S is 1.8x for Lockheed Martin vs 1.8x for Northrop Grumman; revenue growth is 7.9% for Lockheed Martin vs 6.5% for Northrop Grumman; operating margin is 11.8% for Lockheed Martin vs 10.6% for Northrop Grumman.
What stands out
- Northrop Grumman carries less debt relative to equity: 0.77 vs 2.04 for Lockheed Martin.
- Lockheed Martin's shares did better over the past year: +32.8% vs -1.6% for Northrop Grumman.
Key metrics
| Metric | LMT | NOC |
|---|---|---|
| Price | $606.81 | $549.45 |
| Market cap | $140.18B | $78.06B |
| P/E | 21.5x (#2) | 17.3x (#1) |
| P/S | 1.8x (#1) | 1.8x (#2) |
| Revenue growth | 7.9% (#1) | 6.5% (#2) |
| Operating margin | 11.8% (#1) | 10.6% (#2) |
| Net margin | 8.2% (#2) | 10.4% (#1) |
| Debt / equity | 2.04 (#2) | 0.77 (#1) |
| 1-year return | +32.8% (#1) | -1.6% (#2) |
| Research score | 60/100 (#1) | 54/100 (#2) |
Higher is better for growth, margins, one-year return and overall score; lower is better for valuation and debt ratios. Ties share a rank and missing values are excluded.
Company research
- Lockheed Martin Corporation (LMT) — Aerospace & Defense
- Northrop Grumman Corporation (NOC) — Aerospace & Defense