K vs. LMT

Last updated Jun 6, 2026

K (Kellogg Company) and LMT (Lockheed Martin Corporation) are both stocks. K operates in Packaged Foods (Consumer Defensive), while LMT operates in Aerospace & Defense (Industrials). At a 0.22 correlation, their price movements are largely independent.

Performance

K vs. LMT - Performance Comparison

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

Returns By Period

K

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LMT

• 1D: 0.91%
• 1M: 4.08%
• YTD: 9.57%
• 6M: 17.20%
• 1Y: 11.67%
• 3Y*: 7.37%
• 5Y*: 8.75%
• 10Y*: 11.04%

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

K vs. LMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
K Kellogg Company	0.00%	5.99%	49.75%	-7.44%	14.35%	7.44%	-6.78%	26.08%	-13.32%	-4.93%
LMT Lockheed Martin Corporation	9.57%	2.47%	10.02%	-4.31%	40.48%	3.15%	-6.49%	52.55%	-16.35%	31.77%

Correlation

The correlation between K and LMT is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Dec 18, 1984	0.22

Over the past year, the correlation between K and LMT has dropped to 0.02 - well below their long-term average of 0.22, suggesting their price drivers have been diverging.

Fundamentals

Market Cap K : $29.20B LMT : $121.04B
EPS K : $3.65 LMT : $20.61
PE Ratio K : 22.87 LMT : 25.41
PS Ratio K : 2.30 LMT : 1.62
PB Ratio K : 6.95 LMT : 16.16
Total Revenue (TTM) K : $12.67B LMT : $75.12B
Gross Profit (TTM) K : $4.41B LMT : $7.37B
EBITDA (TTM) K : $2.25B LMT : $8.09B

Return for Risk

K vs. LMT — Risk / Return Rank

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

LMT

LMT Risk / Return Rank: 53
LMT Sharpe Ratio Rank: 58
LMT Sortino Ratio Rank: 49
LMT Omega Ratio Rank: 50
LMT Calmar Ratio Rank: 53
LMT Martin Ratio Rank: 54

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.

K vs. LMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kellogg Company (K) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	K	LMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Drawdowns

Drawdown Indicators

	K	LMT	Difference
Max Drawdown Largest peak-to-trough decline	—	-79.29%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-25.15%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.67%	—
Current Drawdown Current decline from peak	—	-22.09%	—
Average Drawdown Average peak-to-trough decline	—	-26.84%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.41%	—

Volatility

Volatility by Period

	K	LMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.71%	—

Dividends

K vs. LMT - Dividend Comparison

K's dividend yield for the trailing twelve months is around 1.39%, less than LMT's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
K Kellogg Company	1.39%	2.76%	2.79%	10.56%	3.28%	3.59%	3.66%	3.27%	3.86%	3.12%	2.77%	2.74%
LMT Lockheed Martin Corporation	2.61%	2.76%	2.62%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%

Financials

K vs. LMT - Profitability Comparison

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

K - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a gross profit of 1.08B and revenue of 3.26B. Therefore, the gross margin over that period was 33.3%.

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%.

K - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported an operating income of 452.00M and revenue of 3.26B, resulting in an operating margin of 13.9%.

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%.

K - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kellogg Company reported a net income of 309.00M and revenue of 3.26B, resulting in a net margin of 9.5%.

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

Can I hold both K and LMT in my portfolio?

K and LMT have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.