BAESY vs. LMT

Last updated Apr 2, 2026

Compare and contrast key facts about BAE Systems PLC (BAESY) and Lockheed Martin Corporation (LMT).

Performance

BAESY vs. LMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BAE Systems PLC (BAESY) and Lockheed Martin Corporation (LMT). The values are adjusted to include any dividend payments, if applicable.

BAESY vs. LMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAESY BAE Systems PLC	32.07%	65.51%	1.23%	40.91%	46.40%	14.56%	-3.43%	34.69%	-22.16%	13.28%
LMT Lockheed Martin Corporation	28.37%	2.47%	10.02%	-4.31%	40.48%	3.15%	-6.49%	52.55%	-16.35%	31.77%

Fundamentals

Market Cap BAESY : $93.03B LMT : $143.23B
EPS BAESY : $5.29 LMT : $21.53
PE Ratio BAESY : 23.17 LMT : 28.68
PS Ratio BAESY : 1.70 LMT : 1.92
PB Ratio BAESY : 7.91 LMT : 21.31
Total Revenue (TTM) BAESY : $54.56B LMT : $75.06B
Gross Profit (TTM) BAESY : $19.72B LMT : $7.62B
EBITDA (TTM) BAESY : $7.74B LMT : $8.77B

Returns By Period

In the year-to-date period, BAESY achieves a 32.07% return, which is significantly higher than LMT's 28.37% return. Over the past 10 years, BAESY has outperformed LMT with an annualized return of 20.61%, while LMT has yielded a comparatively lower 13.69% annualized return.

BAESY

• 1D: 5.30%
• 1M: 2.35%
• YTD: 32.07%
• 6M: 11.81%
• 1Y: 50.59%
• 3Y*: 38.58%
• 5Y*: 37.75%
• 10Y*: 20.61%

LMT

• 1D: 2.19%
• 1M: -8.73%
• YTD: 28.37%
• 6M: 25.37%
• 1Y: 41.43%
• 3Y*: 12.30%
• 5Y*: 13.76%
• 10Y*: 13.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BAESY vs. LMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAESY

BAESY Risk / Return Rank: 79
BAESY Sharpe Ratio Rank: 84
BAESY Sortino Ratio Rank: 80
BAESY Omega Ratio Rank: 76
BAESY Calmar Ratio Rank: 79
BAESY Martin Ratio Rank: 78

LMT

LMT Risk / Return Rank: 81
LMT Sharpe Ratio Rank: 84
LMT Sortino Ratio Rank: 77
LMT Omega Ratio Rank: 80
LMT Calmar Ratio Rank: 83
LMT Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAESY vs. LMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BAE Systems PLC (BAESY) and Lockheed Martin Corporation (LMT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BAESY	LMT	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.55	-0.02
Sortino ratio Return per unit of downside risk	2.12	1.99	+0.12
Omega ratio Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio Return relative to maximum drawdown	2.20	2.70	-0.50
Martin ratio Return relative to average drawdown	5.56	6.94	-1.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAESY vs. LMT - Sharpe Ratio Comparison

The current BAESY Sharpe Ratio is 1.53, which is comparable to the LMT Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of BAESY and LMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BAESY	LMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.55	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.38	0.61	+0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.58	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.39	-0.01

Correlation

The correlation between BAESY and LMT is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BAESY vs. LMT - Dividend Comparison

BAESY's dividend yield for the trailing twelve months is around 1.44%, less than LMT's 2.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAESY BAE Systems PLC	1.44%	1.90%	2.79%	2.40%	3.09%	4.46%	7.05%	3.66%	4.93%	5.71%	6.26%	4.38%
LMT Lockheed Martin Corporation	2.19%	2.76%	2.62%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%

Drawdowns

BAESY vs. LMT - Drawdown Comparison

The maximum BAESY drawdown since its inception was -59.20%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for BAESY and LMT.

Drawdown Indicators

	BAESY	LMT	Difference
Max Drawdown Largest peak-to-trough decline	-59.20%	-79.29%	+20.09%
Max Drawdown (1Y) Largest decline over 1 year	-23.59%	-15.56%	-8.03%
Max Drawdown (5Y) Largest decline over 5 years	-23.59%	-31.79%	+8.20%
Max Drawdown (10Y) Largest decline over 10 years	-42.13%	-36.67%	-5.46%
Current Drawdown Current decline from peak	-1.37%	-8.73%	+7.36%
Average Drawdown Average peak-to-trough decline	-19.42%	-26.86%	+7.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.35%	6.06%	+3.29%

Volatility

BAESY vs. LMT - Volatility Comparison

BAE Systems PLC (BAESY) has a higher volatility of 12.60% compared to Lockheed Martin Corporation (LMT) at 6.88%. This indicates that BAESY's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAESY	LMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.60%	6.88%	+5.72%
Volatility (6M) Calculated over the trailing 6-month period	22.80%	18.69%	+4.11%
Volatility (1Y) Calculated over the trailing 1-year period	33.16%	26.80%	+6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.58%	22.59%	+4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.60%	23.53%	+4.07%

Financials

BAESY vs. LMT - Profitability Comparison

The chart below illustrates the profitability comparison between BAE Systems PLC and Lockheed Martin Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BAESY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BAE Systems PLC reported a gross profit of 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.

LMT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lockheed Martin Corporation reported a gross profit of 2.32B and revenue of 20.33B. Therefore, the gross margin over that period was 11.4%.

BAESY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.

LMT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lockheed Martin Corporation reported an operating income of 2.33B and revenue of 20.33B, resulting in an operating margin of 11.5%.

BAESY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.

LMT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lockheed Martin Corporation reported a net income of 1.34B and revenue of 20.33B, resulting in a net margin of 6.6%.