LMT drawdown: 13.9% below the all-time high
Lockheed Martin Corporation (LMT) is 13.9% below its all-time high, set Mar 2, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1977).
- Below all-time high
- −13.9%
- 86.1% of ATH
- All-time high
- $676.7
- Mar 2, 2026
- Time below the high
- 5 mo
- since Mar 2, 2026
- Worst-ever drawdown
- −71.6%
- Mar 14, 2000
- Longest underwater
- 5.4 yrs
- between all-time highs
- Today's level first reached
- Sep 30, 2024
- 1.8 yrs ago
- Last time this deep
- Jan 8, 2026
- in a previous episode
% of all-time high since 1977#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of LMT, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Mar 20, 1998 | Mar 14, 2000 | −71.6% | 2.0 yrs | Apr 1, 2002 | 4.0 yrs |
| Aug 27, 1987 | Oct 17, 1990 | −58.6% | 3.1 yrs | Feb 4, 1993 | 5.4 yrs |
| Aug 9, 1978 | Oct 27, 1978 | −52.2% | 3 mo | Jan 4, 1980 | 17 mo |
| Aug 28, 2008 | Mar 11, 2009 | −51.4% | 6 mo | Jul 26, 2013 | 4.9 yrs |
| Jan 30, 1980 | Mar 27, 1980 | −50.3% | 57 days | Dec 8, 1981 | 1.9 yrs |
| Jun 27, 2002 | Mar 11, 2003 | −42.4% | 8 mo | Feb 13, 2006 | 3.6 yrs |
| Feb 11, 2020 | Mar 23, 2020 | −37.1% | 41 days | Mar 1, 2022 | 2.1 yrs |
| Oct 21, 2024 | Jul 22, 2025 | −33.2% | 9 mo | Jan 29, 2026 | 15 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1977: how far LMT stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: LMT is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is LMT from its all-time high?
- LMT is currently 13.9% below its all-time high, set Mar 2, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest LMT drawdown ever?
- The deepest decline on record in our data (since 1977) took the stock 71.6% below its prior high, bottoming Mar 14, 2000. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1977 (split-adjusted). "All-time" means since our price data begins — LMT may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.