KMT vs. LMT
KMT (Kennametal Inc.) and LMT (Lockheed Martin Corporation) are both stocks. Both are in the Industrials sector — KMT in Tools & Accessories, LMT in Aerospace & Defense. Over the past 10 years, KMT returned 5.50%/yr vs 10.81%/yr for LMT. At a 0.25 correlation, their price movements are largely independent.
Performance
KMT vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, KMT achieves a 16.19% return, which is significantly higher than LMT's 7.12% return. Over the past 10 years, KMT has underperformed LMT with an annualized return of 5.50%, while LMT has yielded a comparatively higher 10.81% annualized return.
KMT
- 1D
- -2.65%
- 1M
- -10.64%
- YTD
- 16.19%
- 6M
- 18.31%
- 1Y
- 56.10%
- 3Y*
- 9.31%
- 5Y*
- -0.06%
- 10Y*
- 5.50%
LMT
- 1D
- -0.27%
- 1M
- -0.53%
- YTD
- 7.12%
- 6M
- 15.96%
- 1Y
- 9.51%
- 3Y*
- 6.88%
- 5Y*
- 8.25%
- 10Y*
- 10.81%
KMT vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMT Kennametal Inc. | 16.19% | 22.58% | -3.95% | 10.48% | -30.97% | 1.20% | 1.08% | 13.49% | -29.88% | 58.13% |
LMT Lockheed Martin Corporation | 7.12% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between KMT and LMT is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 1987 | 0.25 |
The correlation between KMT and LMT shifts across timeframes, from 0.07 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
KMT:
$2.52B
LMT:
$118.33B
KMT:
$1.78
LMT:
$20.61
KMT:
18.36
LMT:
24.84
KMT:
1.18
LMT:
1.59
KMT:
1.80
LMT:
15.80
KMT:
$2.14B
LMT:
$75.12B
KMT:
$682.06M
LMT:
$7.37B
KMT:
$249.28M
LMT:
$8.09B
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Return for Risk
KMT vs. LMT — Risk / Return Rank
KMT
LMT
KMT vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kennametal Inc. (KMT) 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.
| KMT | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.09 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.38 | +1.77 |
| Martin ratioReturn relative to average drawdown | 5.27 | 0.93 | +4.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KMT | LMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.36 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.36 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.46 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.38 | -0.20 |
Drawdowns
KMT vs. LMT - Drawdown Comparison
The maximum KMT drawdown since its inception was -70.10%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for KMT and LMT.
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Drawdown Indicators
| KMT | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.10% | -79.29% | +9.19% |
Max Drawdown (1Y)Largest decline over 1 year | -26.25% | -25.15% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -42.95% | -31.79% | -11.16% |
Max Drawdown (5Y)Largest decline over 5 years | -52.70% | -31.79% | -20.91% |
Max Drawdown (10Y)Largest decline over 10 years | -69.28% | -36.67% | -32.61% |
Current DrawdownCurrent decline from peak | -24.09% | -23.84% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -24.57% | -26.84% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 10.22% | +0.46% |
Volatility
KMT vs. LMT - Volatility Comparison
Kennametal Inc. (KMT) has a higher volatility of 24.59% compared to Lockheed Martin Corporation (LMT) at 5.45%. This indicates that KMT'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.
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Volatility by Period
| KMT | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.59% | 5.45% | +19.14% |
Volatility (6M)Calculated over the trailing 6-month period | 34.19% | 19.56% | +14.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.68% | 26.54% | +19.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.00% | 22.89% | +14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.98% | 23.71% | +17.27% |
Dividends
KMT vs. LMT - Dividend Comparison
KMT's dividend yield for the trailing twelve months is around 2.45%, less than LMT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMT Kennametal Inc. | 2.45% | 2.82% | 3.33% | 3.10% | 3.33% | 2.23% | 2.21% | 2.17% | 2.40% | 1.65% | 2.56% | 3.96% |
LMT Lockheed Martin Corporation | 2.67% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
KMT vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Kennametal Inc. 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
KMT vs. LMT - Profitability Comparison
KMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kennametal Inc. reported a gross profit of 206.38M and revenue of 592.61M. Therefore, the gross margin over that period was 34.8%.
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%.
KMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kennametal Inc. reported an operating income of 79.43M and revenue of 592.61M, resulting in an operating margin of 13.4%.
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%.
KMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kennametal Inc. reported a net income of 58.23M and revenue of 592.61M, resulting in a net margin of 9.8%.
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
KMT and LMT have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMT has higher volatility (24.59%) compared to LMT (5.45%). In terms of maximum drawdown, KMT dropped -70.10% vs LMT's -79.29%.
KMT currently has the higher Sharpe Ratio (1.23 vs 0.36), 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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