LIVE
BA
The Boeing Company · Aerospace & Defense
$215.92
-9.03% this month
VERSUS
⟷
COMPARE
LMT
Lockheed Martin Corporation · Defense
$520.07
+2.68% this month
AI Score
42.2vs51.2
LMT ↑1Y Return
+2.43%vs+7.97%
LMT ↑Forward P/E
51.53xvs16.32x
LMT ↑Target Upside
+25.32%vs+19.36%
BA ↑Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
BA
1
LMT
4
Metrics last refreshed: 6/9/2026
Quick take
BA vs LMT: Boeing vs Lockheed Martin Stock Comparison: AI Score, Valuation, Performance and Upside
Boeing is a turnaround story — a world-class aerospace franchise in the middle of a quality and production recovery after years of crises, trading below its intrinsic value if management executes. Lockheed Martin is a high-quality, consistent defense compounder with durable F-35 revenue and surging missile demand in an elevated geopolitical environment.
Use this BA vs LMT comparison to choose between a deeply discounted turnaround in commercial aerospace and a premium-quality defense compounder. Boeing offers higher recovery upside if its production and certification recovery succeeds; Lockheed offers more predictable cash flows and capital returns with less execution risk.
Live analysis · updated 6/9/2026
LMT holds the edge across 4 of 5 key metrics in this comparison. LMT leads on both 1-year return (+7.97%) and forward P/E (16.32x vs 51.53x for BA), a relatively favorable combination of momentum and valuation. On fundamentals, BA is growing revenue faster (14.00%), while LMT maintains the higher operating margin (11.00%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for BA (+25.32%) than for LMT (+19.36%).
Comparison scoreboard
LMT LEADS 4/5AI Score
BA 42.2
LMT ✓51.2
1Y Return
BA +2.43%
LMT ✓+7.97%
Fwd P/E
BA 51.53
LMT ✓16.32
Target Up.
BA ✓+25.32%
LMT +19.36%
Op. Margin
BA 1.71%
LMT ✓11.00%
Normalized 1Y performance
BA
LMT
Recent returns
BA
LMT
Analyst price targets & sentiment
BA · 27 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.9/5.0)
Price target range
analyst low$140.00
analyst mean$270.00
current price$215.92
+25.3% upside to analyst mean
LMT · 22 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.3/5.0)
Price target range
analyst low$408.00
analyst high$670.00
analyst mean$625.16
current price$520.07
+19.4% upside to analyst mean
Who should consider this stock?
BA may suit investors who:
- →Want turnaround upside in one of the world's two irreplaceable large commercial jet manufacturers
- →Believe Boeing's production and quality recovery will unlock the enormous value in its backlog
- →Are comfortable with elevated near-term execution risk and a longer recovery timeline
- →Value the commercial aerospace duopoly as a structural competitive moat worth owning through the recovery
LMT may suit investors who:
- →Want a high-quality defense compounder with predictable cash flows and consistent capital returns
- →Value F-35 as a decades-long sustainment revenue stream across NATO and allied nations
- →Prefer lower execution risk and more predictable earnings than Boeing's recovery-dependent financials
- →Believe elevated geopolitical tensions will sustain defense budget growth and missile demand
Performance & AI score
| Metric | BA | LMT |
|---|---|---|
| AI score | 42.2 | 51.2 |
| AI rank | #893 | #441 |
| Latest close | $215.92 | $520.07 |
| 1M return | -9.03% | +2.68% |
| 6M return | +6.95% | +15.01% |
| 1Y return | +2.43% | +7.97% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | BA | LMT |
|---|---|---|
| 1Y ago | $9.93K (-0.7%) started 2025-06-09 | $10.82K (+8.2%) started 2025-06-09 |
| 5Y ago | $8.7K (-13.0%) started 2021-06-09 | $16.54K (+65.4%) started 2021-06-09 |
| 10Y ago | $19.57K (+95.7%) started 2016-06-09 | $35.29K (+252.9%) started 2016-06-09 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | BA | LMT |
|---|---|---|
| Market cap | $169.84B | $120.76B |
| Trailing P/E | 85.50 | 25.38 |
| Forward P/E | 51.53 | 16.32 |
| Price/Sales | 2.29 | 1.57 |
| EV/Revenue | 2.16 | 1.86 |
| Analyst target | $270.00 | $625.16 |
| Target upside | +25.32% | +19.36% |
Growth, profitability & risk
| Metric | BA | LMT |
|---|---|---|
| Revenue growth | 14.00% | 0.30% |
| Earnings growth | N/A | -11.50% |
| EPS growth | N/A | -11.50% |
| FCF margin | +2.77% | +5.31% |
| Operating margin | 1.71% | 11.00% |
| Profit margin | 2.46% | 6.38% |
| ROIC proxy | 169.95% | 67.64% |
| Return on equity | 169.95% | 67.64% |
| Dividend yield | N/A | 2.63% |
| Beta | 1.20 | 0.11 |
| Debt/equity | 828.70 | 276.37 |
| Current ratio | 1.18 | 1.14 |
| Quick ratio | 0.32 | 0.91 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
BA max drawdown24.96%
LMT max drawdown25.15%
BA max wkly drop11.32%
LMT max wkly drop13.30%
5Y risk snapshot
BA max drawdown53.76%
LMT max drawdown32.26%
BA max wkly drop21.19%
LMT max wkly drop13.30%
10Y risk snapshot
BA max drawdown77.92%
LMT max drawdown36.67%
BA max wkly drop46.26%
LMT max wkly drop19.06%
Performance metrics by period
| Period | Metric | BA | LMT |
|---|---|---|---|
| 1Y | Growth | -0.73% | +8.16% |
| CAGR | -0.73% | +8.20% | |
| Sharpe ratio | -0.01 | 0.26 | |
| Max drawdown | 24.96% | 25.15% | |
| Max daily drop | 6.32% | 10.81% | |
| Max wkly drop | 11.32% | 13.30% | |
| 5Y | Growth | -12.96% | +48.79% |
| CAGR | -2.74% | +8.28% | |
| Sharpe ratio | -0.02 | 0.27 | |
| Max drawdown | 53.76% | 32.26% | |
| Max daily drop | 10.47% | 11.80% | |
| Max wkly drop | 21.19% | 13.30% | |
| 10Y | Growth | +77.78% | +172.26% |
| CAGR | +5.92% | +10.54% | |
| Sharpe ratio | 0.24 | 0.35 | |
| Max drawdown | 77.92% | 36.67% | |
| Max daily drop | 23.85% | 12.76% | |
| Max wkly drop | 46.26% | 19.06% |
Business comparison
| Category | BA | LMT |
|---|---|---|
| Company | The Boeing Company | Lockheed Martin Corporation |
| Sector | Industrials | Industrials |
| Industry | Aerospace & Defense | Aerospace & Defense |
| Core business | Global aerospace and defense company. Commercial Airplanes (737, 787, 777) is the largest segment by revenue when fully operating. Defense, Space & Security produces F/A-18, CH-47, KC-46, and missile programs. Boeing Global Services provides aftermarket support. | World's largest defense contractor. Core businesses: Aeronautics (F-35, F-16, C-130), Missiles & Fire Control (HIMARS, Javelin, PAC-3), Rotary & Mission Systems (Black Hawk, Aegis), and Space (satellites, missile defense). |
| Investor focus | 737 MAX production rate recovery, 787 and 777X delivery resumption, FAA oversight and quality certification, cash flow restoration, and debt reduction. | F-35 production and sustainment revenue, hypersonic program wins, NATO and allied nation procurement driven by geopolitical demand, free cash flow, and capital returns. |
BA strengths
- →One of only two large commercial jet manufacturers globally — a structural duopoly with Airbus
- →Massive commercial aircraft backlog (5,000+ planes) providing long-term revenue visibility
- →Boeing Global Services generates consistent, high-margin aftermarket and parts revenue
LMT strengths
- →F-35 is the backbone of Western air force modernisation — a multi-decade sustainment revenue stream across 15+ allied nations
- →HIMARS and missile systems have seen extraordinary demand following geopolitical conflicts in Europe and Asia
- →Exceptionally consistent free cash flow generation with a strong shareholder return program (buybacks and dividends)
Risks to watch — BA
- →Production quality and FAA certification remain the critical near-term constraints on delivery rates
- →Net debt is very high following years of 737 MAX crisis and COVID — free cash flow recovery is essential to deleveraging
- →Labour relations and supply chain disruptions continue to impede production rate ramp
Risks to watch — LMT
- →F-35 production is constrained by TR-3 software delays and engine supplier issues
- →US defense budget uncertainty — sequestration or continuing resolutions can delay contract awards
- →F-35 sustainment cost controversy — the Pentagon continues to push for lower long-term maintenance costs
Frequently asked questions
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