Filing Flows › Comparisons › LMT vs RKLB
Lockheed Martin vs Rocket Lab: LMT and RKLB compared
Lockheed Martin is the larger company: $20.7B of revenue in its latest quarter (Q3 2026) against $234M for Rocket Lab (Q2 2026). Rocket Lab is growing faster (+62% against +11% a year earlier). Lockheed Martin is more profitable, with an operating margin of 11.8% against -24.6%.
Where the money goes: LMT and RKLB
Lockheed Martin (LMT) · Q3 2026
Lockheed Martin, Q3 2026: revenue $20.7B (+11% year over year), operating margin 11.8%, net earnings $1.8B, operating cash flow $3.4B. The chart follows the revenue to costs, profit and cash.
Rocket Lab (RKLB) · Q2 2026
Rocket Lab, Q2 2026: revenue $234M (+62% year over year), operating margin -24.6%, net loss $49.3M, operating cash flow −$84.1M. The chart follows the revenue to costs, profit and cash.
| Lockheed Martin (LMT) | Rocket Lab (RKLB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $20.7B | $234M |
| Revenue growth, Y/Y | +11% | +62% |
| Gross margin | 11.8% | — |
| Operating margin | 11.8% | -24.6% |
| Net earnings | $1.8B | −$49.3M |
| Net margin | 8.9% | -21.0% |
| Operating cash flow | $3.4B | −$84.1M |
| Free cash flow | $3.0B | — |
| Market value | $133.4B | — |
| P/E | 20.5× | — |
| Analysts’ mean target | $660.86 | — |
Where the revenue comes from
Lockheed Martin
- Products: $17.4B (84%)
- Services: $3.3B (16%)
Rocket Lab
- Product revenues: $181M (77%)
- Service revenues: $52.7M (23%)
Questions
Which is bigger, Lockheed Martin or Rocket Lab?
Lockheed Martin is the larger company: $20.7B of revenue in its latest quarter (Q3 2026) against $234M for Rocket Lab (Q2 2026).
Is Lockheed Martin or Rocket Lab growing faster?
Rocket Lab is growing faster (+62% against +11% a year earlier).
Which is more profitable, Lockheed Martin or Rocket Lab?
Lockheed Martin is more profitable, with an operating margin of 11.8% against -24.6%.
More: Lockheed Martin earnings · how Lockheed Martin makes money · Rocket Lab earnings · how Rocket Lab makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.