Lockheed Martin annual free cash flow
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2025
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 | $238.0M | +28.10% | +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% |
| Q4 2019 | 2019-12-31 | $847.0M | −$911.0M | −51.82% | +5.33% |
| Q3 2019 | 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% | +2.35% |
| 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 | — | +10.61% |
| Q3 2015 | 2015-09-27 | $1.33B | $539.0M | +68.49% | +13.18% |
| Q2 2015 | 2015-06-28 | $1.07B | $245.0M | +29.63% | +9.21% |
| Q1 2015 | 2015-03-29 | $839.0M | −$1.16B | −57.99% | +8.30% |
| Q4 2014 | 2014-12-31 | −$590.0M | −$1.18B | — | −8.58% |
| 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 | — | −2.09% |
| 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 | −$1.49B | — | −5.68% |
| Q3 2009 | 2009-09-27 | $1.24B | — | — | +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 SEC-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 filings at SEC.gov ↗