Lockheed Martin vs RTX: Market Cap, Revenue and Profit Compared
Defense contractors. Size and profitability side by side, using the exact figures from SEC filings.
Data updated: Nov 6, 2026 · Based on each company's latest annual report, so fiscal year ends may differ.
Quick answers
Which has the larger market cap?
RTX is worth about $258.9 billion, 1.9 times Lockheed Martin (about $133.4 billion). Based on the Nov 5, 2026 close.
Which has more revenue?
RTX brought in $88.603B in its latest fiscal year (FY2025), against $75.048B for Lockheed Martin (FY2025).
Which is more profitable?
RTX has the higher net margin at 7.6%, against 6.7% for Lockheed Martin. Out of every $100 of revenue, RTX keeps more as net income.
Which is growing faster?
RTX had the faster revenue growth in its latest fiscal year: +9.7%, against +5.6% for Lockheed Martin.
Lockheed Martin
LMT · FY2025 annual report
Revenue $75.048B
Net income $5.017B
- Cost of revenue89.8%
- R&D2.7%
- Taxes, interest & other3.6%
- Net income6.7%
RTX
RTX · FY2025 annual report
Revenue $88.603B
Net income $6.732B
- R&D3.2%
- SG&A and other86.3%
- Taxes, interest & other2.9%
- Net income7.6%
Size
| Item | Lockheed Martin | RTX |
|---|---|---|
| Market cap | $133.4B#82 of 289 | $258.9B#35 of 289 |
| Revenue | $75.048B#54 of 299 | $88.603B#42 of 299 |
| Operating income | $7.731B#54 of 231 | $9.3B#35 of 231 |
| Net income | $5.017B#84 of 298 | $6.732B#66 of 298 |
| Free cash flow | $6.908B#65 of 261 | $7.94B#54 of 261 |
| Total assets | $59.84B#129 of 299 | $171.079B#49 of 299 |
| Dividends paid | $3.131B#50 of 214 | $3.574B#45 of 214 |
| Dividend per share | $13.35#5 of 205 | $2.67#104 of 205 |
| Dividend yield | 2.3%#59 of 203 | 1.4%#113 of 203 |
Profitability and stability
| Item | Lockheed Martin | RTX |
|---|---|---|
| Net margin | 6.7%#236 of 298 | 7.6%#228 of 298 |
| Revenue growth | +5.6%#188 of 299 | +9.7%#119 of 299 |
| Operating margin | 10.3%#173 of 231 | 10.5%#171 of 231 |
| FCF margin | 9.2%#179 of 261 | 9.0%#183 of 261 |
| ROE | 76.9%#24 of 276 | 10.7%#198 of 276 |
| Debt-to-equity | 790.3%#233 of 244 | 159.3%#122 of 244 |