Lockheed Martin annual free cash flow
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Lockheed Martin Free Cash Flow (FCF) History (LMT)
Lockheed Martin reported $6.91B in free cash flow for fiscal 2025, an increase of 30.66% from the previous fiscal year, with a free cash flow margin of 9.20%.
View full Lockheed Martin company overviewLockheed Martin free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $6.91B | $1.62B | +30.66% | +9.20% |
| 2024 | 2024-12-31 | $5.29B | −$942.0M | −15.12% | +7.44% |
| 2023 | 2023-12-31 | $6.23B | $97.0M | +1.58% | +9.22% |
| 2022 | 2022-12-31 | $6.13B | −$1.57B | −20.35% | +9.29% |
| 2021 | 2021-12-31 | $7.70B | $1.28B | +19.98% | +11.48% |
| 2020 | 2020-12-31 | $6.42B | $590.0M | +10.13% | +9.81% |
| 2019 | 2019-12-31 | $5.83B | $3.97B | +213.28% | +9.74% |
| 2018 | 2018-12-31 | $1.86B | −$3.44B | −64.90% | +3.46% |
| 2017 | 2017-12-31 | $5.30B | $1.17B | +28.43% | +10.61% |
| 2016 | 2016-12-31 | $4.13B | −$36.0M | −0.86% | +8.72% |
| 2015 | 2015-12-31 | $4.16B | $1.14B | +37.77% | +10.27% |
| 2014 | 2014-12-31 | $3.02B | −$689.0M | −18.57% | +7.56% |
| 2013 | 2013-12-31 | $3.71B | $3.09B | +499.35% | +8.18% |
| 2012 | 2012-12-31 | $619.0M | −$2.65B | −81.05% | +1.31% |
| 2011 | 2011-12-31 | $3.27B | $539.0M | +19.77% | +7.02% |
| 2010 | 2010-12-31 | $2.73B | $92.0M | +3.49% | +5.97% |
| 2009 | 2009-12-31 | $2.63B | −$860.0M | −24.61% | +6.01% |
| 2008 | 2008-12-31 | $3.50B | $197.0M | +5.97% | +8.45% |
| 2007 | 2007-12-31 | $3.30B | — | — | +7.88% |
Lockheed Martin quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $2.92B | $3.07B | — | +14.54% |
| Q1 2026 | 2026-03-29 | −$291.0M | −$1.25B | — | −1.61% |
| Q4 2025 | 2025-12-31 | $2.76B | $2.31B | +524.94% | +13.56% |
| Q3 2025 | 2025-09-28 | $3.35B | $1.26B | +60.68% | +17.99% |
| Q2 2025 | 2025-06-29 | −$150.0M | −$1.66B | — | −0.83% |
| Q1 2025 | 2025-03-30 | $955.0M | −$302.0M | −24.03% | +5.32% |
| Q4 2024 | 2024-12-31 | $441.0M | −$1.22B | −73.45% | +2.37% |
| Q3 2024 | 2024-09-29 | $2.08B | −$444.0M | −17.57% | +12.18% |
| Q2 2024 | 2024-06-30 | $1.51B | $735.0M | +95.33% | +8.31% |
| Q1 2024 | 2024-03-31 | $1.26B | −$13.0M | −1.02% | +7.31% |
| Q4 2023 | 2023-12-31 | $1.66B | $426.0M | +34.49% | +8.80% |
| Q3 2023 | 2023-09-24 | $2.53B | −$201.0M | −7.37% | +14.97% |
| Q2 2023 | 2023-06-25 | $771.0M | −$256.0M | −24.93% | +4.62% |
| Q1 2023 | 2023-03-26 | $1.27B | $128.0M | +11.21% | +8.40% |
| Q4 2022 | 2022-12-31 | $1.24B | −$2.43B | −66.27% | +6.50% |
| Q3 2022 | 2022-09-25 | $2.73B | $1.11B | +68.29% | +16.45% |
| Q2 2022 | 2022-06-26 | $1.03B | $77.0M | +8.11% | +6.65% |
| Q1 2022 | 2022-03-27 | $1.14B | −$325.0M | −22.15% | +7.63% |
| Q4 2021 | 2021-12-31 | $3.66B | $2.58B | +237.42% | +20.65% |
| Q3 2021 | 2021-09-26 | $1.62B | $149.0M | +10.12% | +10.11% |
| Q2 2021 | 2021-06-27 | $950.0M | −$889.0M | −48.34% | +5.58% |
| Q1 2021 | 2021-03-28 | $1.47B | −$554.0M | −27.41% | +9.02% |
| Q4 2020 | 2020-12-31 | $1.08B | — | — | +6.37% |
| Q3 2020 | 2020-09-27 | $1.47B | −$710.0M | −32.54% | +8.92% |
| Q2 2020 | 2020-06-28 | $1.84B | $420.0M | +29.60% | +11.34% |
| Q1 2020 | 2020-03-29 | $2.02B | $642.0M | +46.56% | +12.91% |
| Q3 2019 · Sep 29 | 2019-09-29 | $2.18B | $2.16B | +9818.18% | +14.38% |
| Q2 2019 | 2019-06-30 | $1.42B | $1.75B | — | +9.84% |
| Q1 2019 | 2019-03-31 | $1.38B | $963.0M | +231.49% | +9.62% |
| Q4 2018 | 2018-12-31 | $1.76B | $753.0M | +74.93% | +12.20% |
| Q3 2018 | 2018-09-30 | $22.0M | −$1.51B | −98.56% | +0.15% |
| Q2 2018 | 2018-06-24 | −$336.0M | −$1.60B | — | −2.51% |
| Q1 2018 | 2018-03-25 | $416.0M | −$1.08B | −72.19% | +3.58% |
| Q4 2017 | 2017-12-31 | $1.00B | $712.0M | +243.00% | +7.26% |
| Q3 2017 | 2017-09-24 | $1.53B | $453.0M | +41.98% | +12.41% |
| Q2 2017 | 2017-06-25 | $1.27B | $28.0M | +2.26% | +10.08% |
| Q1 2017 | 2017-03-26 | $1.50B | −$20.0M | −1.32% | +13.34% |
| Q4 2016 | 2016-12-31 | $293.0M | −$632.0M | −68.32% | +2.13% |
| Q3 2016 | 2016-09-25 | $1.08B | −$247.0M | −18.63% | +9.34% |
| Q2 2016 | 2016-06-26 | $1.24B | $166.0M | +15.49% | +9.59% |
| Q1 2016 | 2016-03-27 | $1.52B | $677.0M | +80.69% | +14.62% |
| Q4 2015 | 2015-12-31 | $925.0M | $1.51B | — | +8.03% |
| Q3 2015 | 2015-09-27 | $1.33B | $539.0M | +68.49% | +13.18% |
| Q2 2015 | 2015-06-28 | $1.07B | $245.0M | +29.63% | +10.47% |
| Q1 2015 | 2015-03-29 | $839.0M | −$1.16B | −57.99% | +9.62% |
| Q4 2014 | 2014-12-31 | −$590.0M | −$1.18B | — | −4.71% |
| Q3 2014 | 2014-09-28 | $787.0M | $96.0M | +13.89% | +7.08% |
| Q2 2014 | 2014-06-29 | $827.0M | $380.0M | +85.01% | +7.31% |
| Q1 2014 | 2014-03-30 | $2.00B | $18.0M | +0.91% | +18.75% |
| Q4 2013 | 2013-12-31 | $593.0M | $2.34B | — | +5.14% |
| Q3 2013 | 2013-09-29 | $691.0M | −$674.0M | −49.38% | +6.09% |
| Q2 2013 | 2013-06-30 | $447.0M | −$223.0M | −33.28% | +3.92% |
| Q1 2013 | 2013-03-31 | $1.98B | $1.65B | +505.20% | +17.88% |
| Q4 2012 | 2012-12-31 | −$1.74B | −$2.41B | — | −14.41% |
| Q3 2012 | 2012-09-30 | $1.36B | $1.05B | +340.32% | +11.50% |
| Q2 2012 | 2012-06-24 | $670.0M | −$26.0M | −3.74% | +5.62% |
| Q1 2012 | 2012-03-25 | $327.0M | −$1.26B | −79.42% | +2.90% |
| Q4 2011 | 2011-12-31 | $671.0M | $937.0M | — | +5.50% |
| Q3 2011 | 2011-09-25 | $310.0M | −$32.0M | −9.36% | +2.56% |
| Q2 2011 | 2011-06-26 | $696.0M | −$398.0M | −36.38% | +6.03% |
| Q1 2011 | 2011-03-27 | $1.59B | $32.0M | +2.06% | +14.95% |
| Q4 2010 | 2010-12-31 | −$266.0M | $396.0M | — | −2.08% |
| Q3 2010 | 2010-09-26 | $342.0M | −$900.0M | −72.46% | +3.02% |
| Q2 2010 | 2010-06-27 | $1.09B | $125.0M | +12.90% | +9.70% |
| Q1 2010 | 2010-03-28 | $1.56B | $471.0M | +43.37% | +15.06% |
| Q4 2009 | 2009-12-31 | −$662.0M | — | — | −5.42% |
| Q3 2009 | 2009-09-27 | $1.24B | $415.0M | +50.18% | +11.54% |
| Q2 2009 | 2009-06-28 | $969.0M | — | — | +8.75% |
| Q1 2009 | 2009-03-29 | $1.09B | — | — | +10.47% |
| Q3 2008 | 2008-09-28 | $827.0M | — | — | +7.82% |
Lockheed Martin free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $6.42B to $6.91B, a compound annual growth rate of 1.49%. Lockheed Martin's latest reported quarter, Q2 2026, generated $2.92B in free cash flow, an increase of $3.07B year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Lockheed Martin source filings ↗Community posts
Lockheed advances missile production plans and GM component deliveries
Lockheed Martin ($LMT) announced a framework with the US defense department to accelerate production of the AIM-260 Joint Advanced Tactical Missile. The proposed multiyear procurement approach remains dependent on congressional approval. Th ...
IBM and Lockheed Martin establish a Swiss quantum-computing hub
IBM ($IBM) and Lockheed Martin ($LMT) established a quantum-innovation hub at ETH Zurich through an offset agreement with Switzerland’s defense-procurement agency, armasuisse. The hub plans to host Switzerland’s first IBM Quantum System Two ...
