Head-to-head · free
Boeing vs Lockheed Martin
BA vs LMT — return on capital, cash generation, margins and balance sheet side by side.
BA
2 / 7
measures where BA leads
LMT
5 / 7
measures where LMT leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | BA · FY2025 | LMT · FY2025 |
|---|---|---|
| Revenue | $89.5B | $75.0B |
| Net income | $2.2B | $5.0B |
| Revenue growth (yearly, multi-year) | 9.5% | 2.9% |
| Free cash flow | (1.9B) | — |
| Free cash flow margin | -2.1% | — |
| Net cash / (debt) | — | — |
| ROIC | 6.6% | 23.8% |
| Return on equity | — | 76.9% |
| Gross margin | 4.8% | 10.2% |
| Operating margin | -6.1% | 10.3% |
| Net debt / EBITDA | 6.89x | 1.87x |
Figures are as reported by each company; latest fiscal year shown.
Where Boeing's cash went (FY2025)
- Capital spending
- $2.9B
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Where Lockheed Martin's cash went (FY2025)
- Capital spending
- —
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free