LMT vs. BAESY
LMT (Lockheed Martin Corporation) and BAESY (BAE Systems PLC) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, LMT returned 10.91%/yr vs 18.73%/yr for BAESY. At a 0.33 correlation, their price movements are largely independent.
Performance
LMT vs. BAESY - Performance Comparison
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Returns By Period
In the year-to-date period, LMT achieves a 8.80% return, which is significantly lower than BAESY's 12.98% return. Over the past 10 years, LMT has underperformed BAESY with an annualized return of 10.91%, while BAESY has yielded a comparatively higher 18.73% annualized return.
LMT
- 1D
- -0.70%
- 1M
- 3.35%
- YTD
- 8.80%
- 6M
- 13.08%
- 1Y
- 10.88%
- 3Y*
- 6.80%
- 5Y*
- 9.00%
- 10Y*
- 10.91%
BAESY
- 1D
- 0.88%
- 1M
- -2.16%
- YTD
- 12.98%
- 6M
- 13.84%
- 1Y
- 0.14%
- 3Y*
- 31.96%
- 5Y*
- 30.90%
- 10Y*
- 18.73%
LMT vs. BAESY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 8.80% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
BAESY BAE Systems PLC | 12.98% | 65.51% | 1.23% | 40.91% | 46.40% | 14.56% | -3.43% | 34.69% | -22.16% | 13.28% |
Correlation
The correlation between LMT and BAESY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007 | 0.33 |
The correlation between LMT and BAESY shifts across timeframes, from 0.27 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
LMT:
$120.19B
BAESY:
$78.73B
LMT:
$20.61
BAESY:
$5.29
LMT:
25.23
BAESY:
19.61
LMT:
1.61
BAESY:
1.44
LMT:
16.05
BAESY:
6.69
LMT:
$75.12B
BAESY:
$54.56B
LMT:
$7.37B
BAESY:
$19.72B
LMT:
$8.09B
BAESY:
$7.74B
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Return for Risk
LMT vs. BAESY — Risk / Return Rank
LMT
BAESY
LMT vs. BAESY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lockheed Martin Corporation (LMT) and BAE Systems PLC (BAESY). 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 | BAESY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.03 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 0.01 | +0.43 |
| Martin ratioReturn relative to average drawdown | 1.04 | 0.01 | +1.02 |
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 | BAESY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.00 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 1.11 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.67 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.35 | +0.03 |
Drawdowns
LMT vs. BAESY - Drawdown Comparison
The maximum LMT drawdown since its inception was -79.29%, which is greater than BAESY's maximum drawdown of -59.20%. Use the drawdown chart below to compare losses from any high point for LMT and BAESY.
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Drawdown Indicators
| LMT | BAESY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.29% | -59.20% | -20.09% |
Max Drawdown (1Y)Largest decline over 1 year | -25.15% | -23.59% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -31.79% | -23.59% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.79% | -23.59% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -36.67% | -42.13% | +5.46% |
Current DrawdownCurrent decline from peak | -22.64% | -15.62% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -26.84% | -19.33% | -7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.51% | 9.99% | +0.52% |
Volatility
LMT vs. BAESY - Volatility Comparison
The current volatility for Lockheed Martin Corporation (LMT) is 5.31%, while BAE Systems PLC (BAESY) has a volatility of 9.80%. This indicates that LMT experiences smaller price fluctuations and is considered to be less risky than BAESY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMT | BAESY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 9.80% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 19.60% | 24.82% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.62% | 31.94% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.88% | 28.05% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.72% | 27.88% | -4.16% |
Dividends
LMT vs. BAESY - Dividend Comparison
LMT's dividend yield for the trailing twelve months is around 2.62%, more than BAESY's 1.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 1.87% | 1.90% | 2.79% | 2.40% | 3.09% | 4.46% | 7.05% | 3.66% | 4.93% | 5.71% | 6.26% | 4.38% |
LMT Lockheed Martin Corporation | 2.62% | 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. BAESY - Financials Comparison
This section allows you to compare key financial metrics between Lockheed Martin Corporation and BAE Systems PLC. 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. BAESY - 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%.
BAESY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a gross profit of 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.
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%.
BAESY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.
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%.
BAESY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.
Frequently Asked Questions
LMT and BAESY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAESY has higher volatility (9.80%) compared to LMT (5.31%). In terms of maximum drawdown, LMT dropped -79.29% vs BAESY's -59.20%.
LMT currently has the higher Sharpe Ratio (0.41 vs 0.00), 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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