Lockheed Martin Corporation vs MPLX LP — how do they compare? Lockheed Martin Corporation trades at $595.43 (market cap $137.96B), while MPLX LP trades at $59.35 (market cap $60.12B). The key difference: Lockheed Martin Corporation is far larger — about 2.3× MPLX LP's market cap, and MPLX LP pays the higher dividend (7.26%). Which is the better fit depends on your goals.
| LMT | MPLX | |
|---|---|---|
Market Cap | $137.96B | $60.12B |
Sector | Industrials | Technology |
52-Week High | $676.70 | $60.51 |
52-Week Low | $431.56 | $47.80 |
Enterprise Value | $154.71B | $85.22B |
Dividend Yield | 2.31% | 7.26% |
Signals from Pluang's Aura AI — not financial advice
Lockheed Martin (LMT) trades at $603.16, up 2.59% with strong technical momentum and bullish moving averages. The company reported mixed Q2 2026 earnings with a beat on EPS but faces margin pressure with net income margin declining to 8.16%. Recent news highlights major defense contracts including a $53.9 billion Patriot missile order and successful testing of next-generation interceptors, supporting the record $230 billion backlog.
Outlook remains positive with analyst consensus at Buy (56.76%) and $608 price target, though risks include execution on massive backlog and margin sustainability. The stock offers steady dividends ($3.45 quarterly) and benefits from elevated defense spending, but valuation multiples (P/E 22.04) require continued earnings growth to justify upside.
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Lockheed Martin is the largest defense contractor globally and has dominated the Western market for high-end fighter aircraft since the F-35 program was awarded in 2001. Lockheed's largest segment is aeronautics, which is dominated by the massive F-35 program. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business.
Read more on LMT →MPLX LP is a Master Limited Partnership (MLP) formed by Marathon Petroleum Corporation (MPC). It is a diversified, growth-oriented company primarily engaged in the gathering, processing, and transportation of natural gas and natural gas liquids (NGLs), as well as the transportation, storage, and distribution of crude oil and refined petroleum products. MPLX owns and operates a network of midstream energy infrastructure assets, providing essential services to the energy industry across the United States.
Read more on MPLX →