HEI-A vs. LMT
HEI-A (HEICO Corporation) and LMT (Lockheed Martin Corporation) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, HEI-A returned 24.72%/yr vs 11.42%/yr for LMT. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
HEI-A vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, HEI-A achieves a 5.46% return, which is significantly lower than LMT's 23.29% return. Over the past 10 years, HEI-A has outperformed LMT with an annualized return of 24.72%, while LMT has yielded a comparatively lower 11.42% annualized return.
HEI-A
- 1D
- 1.58%
- 1M
- 1.63%
- 6M
- 3.45%
- YTD
- 5.46%
- 1Y
- 0.89%
- 3Y*
- 23.45%
- 5Y*
- 17.47%
- 10Y*
- 24.72%
- ALL TIME*
- 25.29%
LMT
- 1D
- 0.52%
- 1M
- 7.95%
- 6M
- -5.08%
- YTD
- 23.29%
- 1Y
- 42.84%
- 3Y*
- 12.74%
- 5Y*
- 13.33%
- 10Y*
- 11.42%
- ALL TIME*
- 12.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
HEI-A HEICO Corporation | $59.01M | $51.72M | $82.13M |
| $886.88M | $661.02M | $682.68M |
HEI-A vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEI-A HEICO Corporation | 5.46% | 35.80% | 30.81% | 19.03% | -6.60% | 9.94% | 30.98% | 42.21% | 24.78% | 45.72% |
LMT Lockheed Martin Corporation | 23.29% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between HEI-A and LMT is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.39 |
Fundamentals
HEI-A:
$51.32B
LMT:
$135.97B
HEI-A:
$5.60
LMT:
$27.13
HEI-A:
47.51
LMT:
21.72
HEI-A:
7.64
LMT:
1.77
HEI-A:
6.96
LMT:
15.53
HEI-A:
$4.91B
LMT:
$77.02B
HEI-A:
$943.00M
LMT:
$9.09B
HEI-A:
$1.12B
LMT:
$9.86B
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Return for Risk
HEI-A vs. LMT — Risk / Return Rank
HEI-A
LMT
HEI-A vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HEICO Corporation (HEI-A) 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.
| HEI-A | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.60 | -1.57 |
| Martin ratioReturn relative to average drawdown | 0.07 | 3.37 | -3.30 |
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Drawdowns
HEI-A vs. LMT - Drawdown Comparison
The maximum HEI-A drawdown since its inception was -49.70%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for HEI-A and LMT.
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Drawdown Indicators
| HEI-A | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.70% | -79.29% | +29.59% |
Max Drawdown (1Y)Largest decline over 1 year | -27.11% | -26.87% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -27.11% | -31.79% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -27.11% | -31.79% | +4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -49.70% | -36.67% | -13.03% |
Current DrawdownCurrent decline from peak | -3.63% | -12.34% | +8.71% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -26.81% | +19.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.13% | 12.74% | -0.61% |
Volatility
HEI-A vs. LMT - Volatility Comparison
The current volatility for HEICO Corporation (HEI-A) is 6.96%, while Lockheed Martin Corporation (LMT) has a volatility of 11.31%. This indicates that HEI-A 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
| HEI-A | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 11.31% | -4.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.52% | 21.60% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.86% | 27.20% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.74% | 23.75% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 24.20% | +6.42% |
Dividends
HEI-A vs. LMT - Dividend Comparison
HEI-A's dividend yield for the trailing twelve months is around 0.09%, less than LMT's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEI-A HEICO Corporation | 0.09% | 0.09% | 0.11% | 0.14% | 0.15% | 0.13% | 0.14% | 0.08% | 0.18% | 0.10% | 0.25% | 0.00% |
LMT Lockheed Martin Corporation | 2.32% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
HEI-A vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between HEICO Corporation 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
HEI-A vs. LMT - Profitability Comparison
HEI-A - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, HEICO Corporation reported a gross profit of -454.96M and revenue of 1.38B. Therefore, the gross margin over that period was -33.1%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Lockheed Martin Corporation reported a gross profit of 2.45B and revenue of 20.06B. Therefore, the gross margin over that period was 12.2%.
HEI-A - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, HEICO Corporation reported an operating income of 350.44M and revenue of 1.38B, resulting in an operating margin of 25.5%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lockheed Martin Corporation reported an operating income of 2.48B and revenue of 20.06B, resulting in an operating margin of 12.4%.
HEI-A - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, HEICO Corporation reported a net income of 233.80M and revenue of 1.38B, resulting in a net margin of 17.0%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lockheed Martin Corporation reported a net income of 1.84B and revenue of 20.06B, resulting in a net margin of 9.2%.
Frequently Asked Questions
HEI-A and LMT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (11.31%) compared to HEI-A (6.96%). In terms of maximum drawdown, HEI-A dropped -49.70% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (1.58 vs 0.03), 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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