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Deere & Company vs Lockheed Martin: Business Model & Financial Comparison 2026

Deere & Company · Industrials / Farm & Heavy Construction Machinery·Lockheed Martin · Industrials / Aerospace & Defense

Financial Comparison

MetricDEDeere & CompanyLMTLockheed Martin
Market Cap$157.48B$141.19B
Revenue (TTM)$46.73B$75.05B
Revenue Growth13.0%9.1%
Gross Margin26.2%10.2%
Operating Margin9.3%9.0%
Net Margin10.3%6.7%
Return on Equity19.6%76.9%
P/E (Trailing)32.9x28.4x
P/E (Forward)25.2x19.1x
Free Cash Flow$4.20B$5.28B
Cash$5.26B$4.12B
Total Debt$63.16B$22.77B

Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.

Business Model Comparison

Deere & Company

Deere & Company is a leading company in the agricultural equipment industry. Deere and Company (DE) reported $61.3 billion in net revenues for fiscal 2023, with its Production and Precision Agriculture segment ($26.6B), Small Agriculture and Turf ($12.3B), Construction and Forestry ($13.4B), and Financial Services ($4.8B) segments all delivering record or near-record results

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Lockheed Martin

Lockheed Martin Corporation stands as a leading company in Industrials. Generating $75.05 billion in annual revenue (growing 9.1% year-over-year) and carrying a market capitalization of $151.57 billion, the company has cemented its position as a foundational player in the global Aerospace & Defense landscape. Under the leadership of its leadership team, Lockheed Martin Corporation continues to execute on a multi-year strategic vision that balance…

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SWOT Analysis Comparison

Strengths
Deere & Company
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Lockheed Martin
  • With a market capitalization of $151.57B, Lockheed Martin Corporation is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital
  • A return on equity of 76.9% demonstrates that Lockheed Martin Corporation generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
  • Lockheed Martin Corporation generated $5.28B in free cash flow, providing financial flexibility to invest in growth initiatives, return capital to shareholders, or strengthen the balance sheet.
Weaknesses
Deere & Company
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Lockheed Martin
  • With a debt-to-equity ratio of 338.8, Lockheed Martin Corporation carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and
  • With 123,000 employees globally, Lockheed Martin Corporation faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smal
Opportunities
Deere & Company
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Lockheed Martin
  • Lockheed Martin Corporation operates in the Aerospace & Defense segment of the broader Industrials sector, which represents a $8.4 trillion global industrial market. Even modest share gains in this en
  • Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Lockhee
  • Earnings growth of 161.0% YoY demonstrates Lockheed Martin Corporation's ability to convert revenue growth into shareholder value. Analysts project continued earnings expansion driven by operating lev
Threats
Deere & Company
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Lockheed Martin
  • Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Lockheed Martin Corporation's revenue is not fully insulated from macroeconomic cycles, and
  • Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Lockheed Martin Cor
  • Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri

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Deere & Company vs Lockheed Martin: FAQ

Is Deere & Company bigger than Lockheed Martin?
By market capitalization, Deere & Company is larger at $157.48B vs Lockheed Martin's $141.19B.
Which has better profit margins — Deere & Company or Lockheed Martin?
Deere & Company has higher net profit margins (10.3%) compared to Lockheed Martin (6.7%). Gross and operating margins are compared in the table above.
What sectors do Deere & Company and Lockheed Martin operate in?
Deere & Company operates in the Industrials sector (Farm & Heavy Construction Machinery). Lockheed Martin operates in the Industrials sector (Aerospace & Defense).
How does Deere & Company's revenue compare to Lockheed Martin's?
Deere & Company generates $46.73B in annual revenue (TTM) while Lockheed Martin generates $75.05B. Lockheed Martin is the larger company by revenue as of 2026.