EPD vs. LMT
EPD (Enterprise Products Partners L.P.) and LMT (Lockheed Martin Corporation) are both stocks. EPD operates in Oil & Gas Midstream (Energy), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, EPD returned 10.61%/yr vs 11.37%/yr for LMT. At a 0.18 correlation, their price movements are largely independent.
Performance
EPD vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, EPD achieves a 19.79% return, which is significantly higher than LMT's 13.04% return. Over the past 10 years, EPD has underperformed LMT with an annualized return of 10.61%, while LMT has yielded a comparatively higher 11.37% annualized return.
EPD
- 1D
- -0.08%
- 1M
- -2.72%
- YTD
- 19.79%
- 6M
- 19.53%
- 1Y
- 24.43%
- 3Y*
- 20.73%
- 5Y*
- 15.96%
- 10Y*
- 10.61%
LMT
- 1D
- -1.52%
- 1M
- 4.60%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 18.25%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
EPD vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 19.79% | 9.45% | 28.00% | 17.71% | 18.32% | 21.40% | -23.61% | 21.88% | -1.32% | 4.24% |
LMT Lockheed Martin Corporation | 13.04% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between EPD and LMT is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 1998 | 0.18 |
The correlation between EPD and LMT shifts across timeframes, from 0.04 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
EPD:
$81.47B
LMT:
$124.87B
EPD:
$2.69
LMT:
$20.61
EPD:
13.83
LMT:
26.21
EPD:
1.58
LMT:
1.67
EPD:
$51.57B
LMT:
$75.12B
EPD:
$7.31B
LMT:
$7.37B
EPD:
$10.11B
LMT:
$8.09B
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Return for Risk
EPD vs. LMT — Risk / Return Rank
EPD
LMT
EPD vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enterprise Products Partners L.P. (EPD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EPD | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.14 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 0.73 | +2.52 |
| Martin ratioReturn relative to average drawdown | 9.50 | 1.69 | +7.80 |
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Drawdowns
EPD vs. LMT - Drawdown Comparison
The maximum EPD drawdown since its inception was -58.78%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for EPD and LMT.
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Drawdown Indicators
| EPD | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -79.29% | +20.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -25.15% | +17.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -31.79% | +16.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -31.79% | +13.73% |
Max Drawdown (10Y)Largest decline over 10 years | -58.04% | -36.67% | -21.37% |
Current DrawdownCurrent decline from peak | -6.41% | -19.63% | +13.22% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -26.83% | +16.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 10.81% | -8.23% |
Volatility
EPD vs. LMT - Volatility Comparison
The current volatility for Enterprise Products Partners L.P. (EPD) is 6.00%, while Lockheed Martin Corporation (LMT) has a volatility of 7.02%. This indicates that EPD experiences smaller price fluctuations and is considered to be less risky than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EPD | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 7.02% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.27% | 20.04% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 26.71% | -10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 22.99% | -5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.14% | 23.76% | +0.38% |
Dividends
EPD vs. LMT - Dividend Comparison
EPD's dividend yield for the trailing twelve months is around 5.88%, more than LMT's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPD Enterprise Products Partners L.P. | 5.88% | 6.74% | 6.63% | 7.51% | 7.79% | 8.20% | 9.09% | 6.23% | 6.97% | 6.29% | 5.88% | 5.90% |
LMT Lockheed Martin Corporation | 2.53% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
EPD vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Enterprise Products Partners L.P. and Lockheed Martin Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EPD vs. LMT - Profitability Comparison
EPD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a gross profit of 1.88B and revenue of 14.39B. Therefore, the gross margin over that period was 13.1%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
EPD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported an operating income of 1.82B and revenue of 14.39B, resulting in an operating margin of 12.6%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
EPD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enterprise Products Partners L.P. reported a net income of 1.48B and revenue of 14.39B, resulting in a net margin of 10.3%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
EPD and LMT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (7.02%) compared to EPD (6.00%). In terms of maximum drawdown, EPD dropped -58.78% vs LMT's -79.29%.
EPD currently has the higher Sharpe Ratio (1.54 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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