WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Lockheed Martin Corporation vs RTX Corporation

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Lockheed Martin Corporation

LMT · New York Stock Exchange

Market cap (USD)$121.2B
Gross margin (TTM)11.8%
Operating margin (TTM)11.9%
Net margin (TTM)8.2%
SectorIndustrials
IndustryAerospace & Defense
CountryUS
Data as of2026-08-23
84/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Lockheed Martin Corporation's moat claims, evidence, and risks.

View LMT analysis

RTX Corporation

RTX · New York Stock Exchange

Market cap (USD)$270.6B
Gross margin (TTM)20.4%
Operating margin (TTM)11.2%
Net margin (TTM)8.3%
SectorIndustrials
IndustryAerospace & Defense
CountryUS
Data as of2026-08-23
80/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into RTX Corporation's moat claims, evidence, and risks.

View RTX analysis

Comparison highlights

  • Moat score gap: Lockheed Martin Corporation leads (84 / 100 vs 80 / 100 for RTX Corporation).
  • Segment focus: Lockheed Martin Corporation has 4 segments (39.6% in Aeronautics); RTX Corporation has 3 segments (35% in Pratt & Whitney).
  • Moat breadth: Lockheed Martin Corporation has 3 moat types across 2 domains; RTX Corporation has 6 across 3.

Primary market context

Lockheed Martin Corporation

Aeronautics

Market

Military fixed-wing aircraft (fighters and air mobility) plus sustainment and upgrades

Geography

Global (primarily U.S. and allied governments)

Customer

Defense ministries and armed services (direct and via foreign military sales)

Role

Prime contractor / OEM / systems integrator

Revenue share

39.6%

RTX Corporation

Pratt & Whitney

Market

Aircraft engines & aftermarket services (commercial and military)

Geography

Global

Customer

Airframers, airlines, governments

Role

Engine OEM + MRO

Revenue share

35%

Side-by-side metrics

Lockheed Martin Corporation
RTX Corporation
Ticker / Exchange
LMT - New York Stock Exchange
RTX - New York Stock Exchange
Market cap (USD)
$121.2B
$270.6B
Gross margin (TTM)
11.8%
20.4%
Operating margin (TTM)
11.9%
11.2%
Net margin (TTM)
8.2%
8.3%
Sector
Industrials
Industrials
Industry
Aerospace & Defense
Aerospace & Defense
HQ country
US
US
Primary segment
Aeronautics
Pratt & Whitney
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
84 / 100
80 / 100
Moat domains
Demand, Supply
Demand, Supply, Legal
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Design In QualificationService Field Network

Lockheed Martin Corporation strengths

Capacity Moat

RTX Corporation strengths

Installed Base ConsumablesCapex Knowhow ScaleGovernment Contracting RelationshipsLong Term Contracts

Segment mix

Lockheed Martin Corporation segments

Full profile >

Aeronautics

Oligopoly

39.6%

Missiles and Fire Control

Oligopoly

20.3%

Rotary and Mission Systems

Oligopoly

21.9%

Space

Oligopoly

18.2%

RTX Corporation segments

Full profile >

Collins Aerospace

Oligopoly

32.4%

Pratt & Whitney

Oligopoly

35%

Raytheon

Oligopoly

32.6%

Act on this comparison

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.