KMT vs. LMT

Last updated Apr 2, 2026

Compare and contrast key facts about Kennametal Inc. (KMT) and Lockheed Martin Corporation (LMT).

Performance

KMT vs. LMT - Performance Comparison

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

KMT vs. LMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KMT Kennametal Inc.	29.15%	22.58%	-3.95%	10.48%	-30.97%	1.20%	1.08%	13.49%	-29.88%	58.13%
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 KMT : $2.81B LMT : $143.23B
EPS KMT : $1.43 LMT : $21.53
PE Ratio KMT : 25.47 LMT : 28.68
PS Ratio KMT : 1.38 LMT : 1.92
PB Ratio KMT : 2.14 LMT : 21.31
Total Revenue (TTM) KMT : $2.03B LMT : $75.06B
Gross Profit (TTM) KMT : $629.18M LMT : $7.62B
EBITDA (TTM) KMT : $306.71M LMT : $8.77B

Returns By Period

The year-to-date returns for both stocks are quite close, with KMT having a 29.15% return and LMT slightly lower at 28.37%. Over the past 10 years, KMT has underperformed LMT with an annualized return of 7.86%, while LMT has yielded a comparatively higher 13.69% annualized return.

KMT

• 1D: 1.05%
• 1M: -10.97%
• YTD: 29.15%
• 6M: 75.64%
• 1Y: 76.01%
• 3Y*: 13.32%
• 5Y*: 0.80%
• 10Y*: 7.86%

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

KMT vs. LMT — Risk / Return Rank

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

KMT

KMT Risk / Return Rank: 86
KMT Sharpe Ratio Rank: 88
KMT Sortino Ratio Rank: 83
KMT Omega Ratio Rank: 86
KMT Calmar Ratio Rank: 88
KMT Martin Ratio Rank: 84

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.

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 ratio Return per unit of total volatility	1.80	1.55	+0.25
Sortino ratio Return per unit of downside risk	2.31	1.99	+0.31
Omega ratio Gain probability vs. loss probability	1.35	1.29	+0.06
Calmar ratio Return relative to maximum drawdown	3.45	2.70	+0.75
Martin ratio Return relative to average drawdown	7.80	6.94	+0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KMT vs. LMT - Sharpe Ratio Comparison

The current KMT Sharpe Ratio is 1.80, which is comparable to the LMT Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of KMT 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

	KMT	LMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.55	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.61	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.58	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.39	-0.20

Correlation

The correlation between KMT and LMT is 0.25, 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

KMT vs. LMT - Dividend Comparison

KMT's dividend yield for the trailing twelve months is around 2.19%, which matches LMT's 2.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KMT Kennametal Inc.	2.19%	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	2.19%	2.76%	2.62%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%

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.

Drawdown Indicators

	KMT	LMT	Difference
Max Drawdown Largest peak-to-trough decline	-70.10%	-79.29%	+9.19%
Max Drawdown (1Y) Largest decline over 1 year	-22.30%	-15.56%	-6.74%
Max Drawdown (5Y) Largest decline over 5 years	-53.41%	-31.79%	-21.62%
Max Drawdown (10Y) Largest decline over 10 years	-69.28%	-36.67%	-32.61%
Current Drawdown Current decline from peak	-12.61%	-8.73%	-3.88%
Average Drawdown Average peak-to-trough decline	-24.62%	-26.86%	+2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.86%	6.06%	+3.80%

Volatility

KMT vs. LMT - Volatility Comparison

Kennametal Inc. (KMT) has a higher volatility of 15.34% compared to Lockheed Martin Corporation (LMT) at 6.88%. 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.

Volatility by Period

	KMT	LMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.34%	6.88%	+8.46%
Volatility (6M) Calculated over the trailing 6-month period	28.96%	18.69%	+10.27%
Volatility (1Y) Calculated over the trailing 1-year period	42.49%	26.80%	+15.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.55%	22.59%	+12.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.38%	23.53%	+16.85%

Financials

KMT vs. LMT - Profitability Comparison

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

KMT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kennametal Inc. reported a gross profit of 171.00M and revenue of 529.50M. Therefore, the gross margin over that period was 32.3%.

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%.

KMT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kennametal Inc. reported an operating income of 53.00M and revenue of 529.50M, resulting in an operating margin of 10.0%.

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%.

KMT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kennametal Inc. reported a net income of 33.90M and revenue of 529.50M, resulting in a net margin of 6.4%.

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%.