LMT vs. AAPL
LMT (Lockheed Martin Corporation) and AAPL (Apple Inc) are both stocks. LMT operates in Aerospace & Defense (Industrials), while AAPL operates in Consumer Electronics (Technology). Over the past 10 years, LMT returned 10.94%/yr vs 30.07%/yr for AAPL. At a 0.18 correlation, their price movements are largely independent.
Performance
LMT vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, LMT achieves a 8.59% return, which is significantly lower than AAPL's 14.69% return. Over the past 10 years, LMT has underperformed AAPL with an annualized return of 10.94%, while AAPL has yielded a comparatively higher 30.07% annualized return.
LMT
- 1D
- 1.37%
- 1M
- 2.66%
- YTD
- 8.59%
- 6M
- 17.14%
- 1Y
- 10.54%
- 3Y*
- 7.35%
- 5Y*
- 8.55%
- 10Y*
- 10.94%
AAPL
- 1D
- 0.31%
- 1M
- 9.62%
- YTD
- 14.69%
- 6M
- 11.08%
- 1Y
- 54.06%
- 3Y*
- 20.68%
- 5Y*
- 20.46%
- 10Y*
- 30.07%
LMT vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 8.59% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
AAPL Apple Inc | 14.69% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between LMT and AAPL is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 1980 | 0.18 |
The correlation between LMT and AAPL shifts across timeframes, from -0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Fundamentals
LMT:
$119.95B
AAPL:
$4.60T
LMT:
$20.61
AAPL:
$8.24
LMT:
25.18
AAPL:
37.79
LMT:
1.61
AAPL:
10.26
LMT:
16.02
AAPL:
43.16
LMT:
$75.12B
AAPL:
$451.44B
LMT:
$7.37B
AAPL:
$216.07B
LMT:
$8.09B
AAPL:
$153.63B
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Return for Risk
LMT vs. AAPL — Risk / Return Rank
LMT
AAPL
LMT vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lockheed Martin Corporation (LMT) and Apple Inc (AAPL). 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.
| LMT | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.44 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.94 | -3.52 |
| Martin ratioReturn relative to average drawdown | 1.02 | 9.91 | -8.89 |
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
| LMT | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.44 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.75 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 1.04 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.44 | -0.07 |
Drawdowns
LMT vs. AAPL - Drawdown Comparison
The maximum LMT drawdown since its inception was -79.29%, roughly equal to the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for LMT and AAPL.
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Drawdown Indicators
| LMT | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.29% | -81.80% | +2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -13.80% | -11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -31.79% | -33.36% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -31.79% | -33.36% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | -36.67% | -38.52% | +1.85% |
Current DrawdownCurrent decline from peak | -22.79% | -1.26% | -21.53% |
Average DrawdownAverage peak-to-trough decline | -26.84% | -29.61% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.32% | 5.47% | +4.85% |
Volatility
LMT vs. AAPL - Volatility Comparison
Lockheed Martin Corporation (LMT) has a higher volatility of 5.29% compared to Apple Inc (AAPL) at 5.01%. This indicates that LMT's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMT | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.01% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 19.59% | 15.88% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.57% | 22.31% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.88% | 27.45% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.70% | 28.89% | -5.19% |
Dividends
LMT vs. AAPL - Dividend Comparison
LMT's dividend yield for the trailing twelve months is around 2.63%, more than AAPL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
LMT Lockheed Martin Corporation | 2.63% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Financials
LMT vs. AAPL - Financials Comparison
This section allows you to compare key financial metrics between Lockheed Martin Corporation and Apple Inc. 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
LMT vs. AAPL - Profitability Comparison
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%.
AAPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a gross profit of 54.78B and revenue of 111.18B. Therefore, the gross margin over that period was 49.3%.
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%.
AAPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported an operating income of 35.89B and revenue of 111.18B, resulting in an operating margin of 32.3%.
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%.
AAPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Apple Inc reported a net income of 29.58B and revenue of 111.18B, resulting in a net margin of 26.6%.
Frequently Asked Questions
LMT and AAPL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (5.29%) compared to AAPL (5.01%). In terms of maximum drawdown, LMT dropped -79.29% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.44 vs 0.40), 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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