LMT
Lockheed Martin Corporation
LMT has a slight edge over RDW overall, supported by lower modeled downside and stronger fundamentals.
RDW
Redwire Corporation
RDW offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
LMT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Unavailable |
LMT's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
LMT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $442 | -27% |
| Fair | 19x | $533 | -12% |
| Forward | 19x | $604 | — |
| Current | 21x | $604 | — |
| Expensive | 23x | $647 | +7.2% |
Historical ranges are pointers, not guarantees.
LMT's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its fair range.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
LMT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for LMT, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
LMT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $32.14 | +14% |
| Q3 2026 | $28.15 | +57% |
| Q2 2026 | $27.13 | +52% |
| Q1 2026 | $20.65 | -11% |
| Q4 2025 | $21.49 | -3.7% |
| Q3 2025 | $17.96 | -35% |
| Q2 2025 | $17.81 | -35% |
| Q1 2025 | $23.20 | -15% |
| Q4 2024 | $22.31 | -19% |
LMT has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
LMT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.7B | +11% |
| Q2 2026 | $20.1B | +11% |
| Q1 2026 | $18B | +0.3% |
| Q4 2025 | $20.3B | +9.1% |
| Q3 2025 | $18.6B | +8.8% |
| Q2 2025 | $18.2B | +0.2% |
| Q1 2025 | $18B | +4.5% |
| Q4 2024 | $18.6B | -1.3% |
LMT's revenue has grown year over year for seven quarters in a row: $20.7B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | -0.4 points |
| Q2 2026 | 12% | +8.2 points |
| Q1 2026 | 11% | -1.8 points |
| Q4 2025 | 11% | +7.7 points |
| Q3 2025 | 12% | -0.3 points |
| Q2 2025 | 4.1% | -7.7 points |
| Q1 2025 | 13% | +1.4 points |
| Q4 2024 | 3.7% | -8.4 points |
LMT has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
LMT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3B | -10% |
| Q2 2026 | $2.9B | +$3.1B |
| Q1 2026 | -$291M | -130% |
| Q4 2025 | $2.8B | +525% |
| Q3 2025 | $3.3B | +61% |
| Q2 2025 | -$150M | -110% |
| Q1 2025 | $955M | -24% |
| Q4 2024 | $441M | -73% |
LMT has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
LMT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +400K shares |
| 1 year | -0.6% | -1.3M shares |
| 3 years | -7.5% | -18.7M shares |
| 5 years | -17% | -45.8M shares |
| Available history | -18% | -52.3M shares |
LMT has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $750M |
| Q3 2025 | $1B |
| Q2 2025 | $500M |
| Q1 2025 | $750M |
| Q4 2024 | $1B |
LMT spent $750M buying back its own shares over the past year, down 77% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
LMT Net Leverage
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
LMT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.7 | Neutral |
| Stochastic | 66.1 | Neutral |
LMT's weekly RSI is 57 (neutral) and its Stochastic is 66 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
LMT PE vs Industrials Sector
| Metric | LMT | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 24x | 11% below |
| PE % | 74 | 58 | 16 pts above |
LMT is trading at 21x earnings, a 11% discount to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
LMT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $562.4 | 7.4% above |
| 20 week MA | $557.5 | 8.4% above |
| 50 week MA | $561.3 | 7.6% above |
| 100 week MA | $513.6 | 18% above |
| 200 week MA | $494.5 | 22% above |
LMT has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
LMT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $393.6 | $352.0 | -11% |
| 2021 | $352.0 | $347.0 | -1.4% |
| 2022 | $347.0 | $483.3 | +39% |
| 2023 | $483.3 | $453.2 | -6.2% |
| 2024 | $453.2 | $489.0 | +7.9% |
| 2025 | $489.0 | $483.0 | -1.2% |
| 2026 YTD | $483.0 | $604.1 | +25% |
LMT has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.