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The latest data point for LMT's EV/EBITDA ratio, recorded in Q1'26, stands at 65.87, marking a substantial increase from the previous quarter's value of 18.43 in Q4'25 and indicating heightened valuation relative to earnings before interest, taxes, depreciation, and amortization. Over the period from Q2'23 to Q1'26, the EV/EBITDA ratio exhibited an overall upward trend, starting at 12.21 in Q2'23 and gradually rising through minor fluctuations—such as a dip to 11.71 in Q4'23 before climbing to 14.72 in Q3'24 and stabilizing around 14-18 from Q4'24 to Q4'25—before surging dramatically to 65.87 in Q1'26, suggesting accelerating market expectations or potential shifts in operational metrics for the aerospace and defense firm. This area chart highlights increasing volatility in later quarters, with the metric more than quadrupling from its early 2023 lows, warranting scrutiny for underlying drivers like revenue growth or margin pressures.