MO vs. LMT

Last updated Apr 2, 2026

Compare and contrast key facts about Altria Group, Inc. (MO) and Lockheed Martin Corporation (LMT).

Performance

MO vs. LMT - Performance Comparison

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

MO vs. LMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MO Altria Group, Inc.	15.47%	18.17%	40.76%	-3.70%	4.37%	24.18%	-10.21%	7.87%	-27.14%	9.45%
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 MO : $109.81B LMT : $143.23B
EPS MO : $4.13 LMT : $21.53
PE Ratio MO : 15.85 LMT : 28.68
PS Ratio MO : 5.27 LMT : 1.92
Total Revenue (TTM) MO : $20.91B LMT : $75.06B
Gross Profit (TTM) MO : $14.54B LMT : $7.62B
EBITDA (TTM) MO : $10.70B LMT : $8.77B

Returns By Period

In the year-to-date period, MO achieves a 15.47% return, which is significantly lower than LMT's 28.37% return. Over the past 10 years, MO has underperformed LMT with an annualized return of 7.39%, while LMT has yielded a comparatively higher 13.69% annualized return.

MO

• 1D: -0.77%
• 1M: -3.08%
• YTD: 15.47%
• 6M: 2.27%
• 1Y: 19.22%
• 3Y*: 22.88%
• 5Y*: 13.63%
• 10Y*: 7.39%

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

MO vs. LMT — Risk / Return Rank

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

MO

MO Risk / Return Rank: 65
MO Sharpe Ratio Rank: 71
MO Sortino Ratio Rank: 62
MO Omega Ratio Rank: 63
MO Calmar Ratio Rank: 63
MO Martin Ratio Rank: 65

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.

MO vs. LMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Altria Group, Inc. (MO) 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.

	MO	LMT	Difference
Sharpe ratio Return per unit of total volatility	0.92	1.55	-0.63
Sortino ratio Return per unit of downside risk	1.29	1.99	-0.70
Omega ratio Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio Return relative to maximum drawdown	1.02	2.70	-1.68
Martin ratio Return relative to average drawdown	2.64	6.94	-4.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MO vs. LMT - Sharpe Ratio Comparison

The current MO Sharpe Ratio is 0.92, which is lower than the LMT Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of MO 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

	MO	LMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.55	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.61	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.58	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.39	+0.17

Correlation

The correlation between MO and LMT is 0.24, 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

MO vs. LMT - Dividend Comparison

MO's dividend yield for the trailing twelve months is around 6.41%, more than LMT's 2.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MO Altria Group, Inc.	6.41%	7.21%	7.65%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%
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

MO vs. LMT - Drawdown Comparison

The maximum MO drawdown since its inception was -81.02%, roughly equal to the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for MO and LMT.

Drawdown Indicators

	MO	LMT	Difference
Max Drawdown Largest peak-to-trough decline	-81.02%	-79.29%	-1.73%
Max Drawdown (1Y) Largest decline over 1 year	-16.40%	-15.56%	-0.84%
Max Drawdown (5Y) Largest decline over 5 years	-25.83%	-31.79%	+5.96%
Max Drawdown (10Y) Largest decline over 10 years	-53.69%	-36.67%	-17.02%
Current Drawdown Current decline from peak	-4.48%	-8.73%	+4.25%
Average Drawdown Average peak-to-trough decline	-17.45%	-26.86%	+9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.36%	6.06%	+0.30%

Volatility

MO vs. LMT - Volatility Comparison

The current volatility for Altria Group, Inc. (MO) is 5.99%, while Lockheed Martin Corporation (LMT) has a volatility of 6.88%. This indicates that MO experiences smaller price fluctuations and is considered to be less risky than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MO	LMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	6.88%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	16.65%	18.69%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	21.12%	26.80%	-5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.46%	22.59%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	23.53%	-0.81%

Financials

MO vs. LMT - Profitability Comparison

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

MO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported a gross profit of 3.63B and revenue of 5.85B. Therefore, the gross margin over that period was 62.1%.

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%.

MO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported an operating income of 1.65B and revenue of 5.85B, resulting in an operating margin of 28.2%.

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%.

MO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported a net income of 1.12B and revenue of 5.85B, resulting in a net margin of 19.1%.

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%.