GE Aerospace vs Lockheed Martin: Business Model & Financial Comparison 2026
GE Aerospace · Industrials / Aerospace & Defense·Lockheed Martin · Industrials / Aerospace & Defense
Financial Comparison
| Metric | GEGE Aerospace | LMTLockheed Martin |
|---|---|---|
| Market Cap | $296.57B | $143.53B |
| Revenue (TTM) | $45.85B | $75.05B |
| Revenue Growth | 17.6% | 9.1% |
| Gross Margin | 31.5% | 10.2% |
| Operating Margin | 19.5% | 9.0% |
| Net Margin | 19.0% | 6.7% |
| Return on Equity | 44.7% | 76.9% |
| P/E (Trailing) | 35.0x | 29.0x |
| P/E (Forward) | 32.7x | 19.4x |
| Free Cash Flow | $5.21B | $5.28B |
| Cash | $11.99B | $4.12B |
| Total Debt | $21.56B | $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
GE Aerospace
GE Aerospace stands as a leading company in Industrials. Generating $45.85 billion in annual revenue (growing 17.6% year-over-year) and carrying a market capitalization of $344.91 billion, the company has cemented its position as a foundational player in the global Aerospace & Defense landscape. Under the leadership of its leadership team, GE Aerospace continues to execute on a multi-year strategic vision that balances growth investment with shar…
Full GE Aerospace analysis →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…
Full Lockheed Martin analysis →SWOT Analysis Comparison
Strengths
GE Aerospace
- With a market capitalization of $344.91B, GE Aerospace is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that sm
- GE Aerospace maintains a gross margin of 31.5% and operating margin of 19.5%, demonstrating consistent operational execution and cost discipline in a competitive market.
- Revenue grew 17.6% year-over-year to $45.85B, indicating strong demand for GE Aerospace's products and services and outperformance relative to many industry peers.
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
GE Aerospace
- With a debt-to-equity ratio of 114.1, GE Aerospace carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increases vulne
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
GE Aerospace
- GE Aerospace 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 environment trans
- 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 GE Aero
- Earnings growth of 37.4% YoY demonstrates GE Aerospace's ability to convert revenue growth into shareholder value. Analysts project continued earnings expansion driven by operating leverage as fixed c
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
GE Aerospace
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. GE Aerospace's revenue is not fully insulated from macroeconomic cycles, and a recession sce
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on GE Aerospace's busi
- 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
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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Open Comparison ToolGE Aerospace vs Lockheed Martin: FAQ
- Is GE Aerospace bigger than Lockheed Martin?
- By market capitalization, GE Aerospace is larger at $296.57B vs Lockheed Martin's $143.53B.
- Which has better profit margins — GE Aerospace or Lockheed Martin?
- GE Aerospace has higher net profit margins (19.0%) compared to Lockheed Martin (6.7%). Gross and operating margins are compared in the table above.
- What sectors do GE Aerospace and Lockheed Martin operate in?
- GE Aerospace operates in the Industrials sector (Aerospace & Defense). Lockheed Martin operates in the Industrials sector (Aerospace & Defense).
- How does GE Aerospace's revenue compare to Lockheed Martin's?
- GE Aerospace generates $45.85B in annual revenue (TTM) while Lockheed Martin generates $75.05B. Lockheed Martin is the larger company by revenue as of 2026.