TTM
7.5%
YoY change
+1.76pp
Trough year (2012)
1.3%
Peak year (2021)
11.5%
Latest annual
9.2%
FCF Margin history chart for Lockheed Martin (LMT) from 1992 to 2025
Latest: 9.2%
FCF Margin change chart for Lockheed Martin (LMT) from 1992 to 2025
Latest: +1.76pp
FCF Margin history table for Lockheed Martin (LMT) from 1992 to 2025
| 2025 | 9.2% | +1.76pp | ||
| 2024 | 7.4% | -1.78pp | ||
| 2023 | 9.2% | -0.07pp | ||
| 2022 | 9.3% | -2.19pp | ||
| 2021 | 11.5% | +1.67pp | ||
| 2020 | 9.8% | +0.07pp | ||
| 2019 | 9.7% | +6.28pp | ||
| 2018 | 3.5% | -7.15pp | ||
| 2017 | 10.6% | +1.88pp | ||
| 2016 | 8.7% | -1.54pp | ||
| 2015 | 10.3% | +2.70pp | ||
| 2014 | 7.6% | -0.62pp | ||
| 2013 | 8.2% | +6.87pp | ||
| 2012 | 1.3% | -5.71pp | ||
| 2011 | 7.0% | +1.07pp | ||
| 2010 | 6.0% | +0.82pp | ||
| 2009 | 5.1% | -3.04pp | ||
| 2008 | 8.2% | +0.29pp | ||
| 2007 | 7.9% | +0.59pp | ||
| 2006 | 7.3% | +1.04pp | ||
| 2005 | 6.3% | +0.19pp | ||
| 2004 | 6.1% | +2.54pp | ||
| 2003 | 3.5% | -2.59pp | ||
| 2002 | 6.1% | +1.09pp | ||
| 2001 | 5.0% | -0.96pp | ||
| 2000 | 6.0% | +4.39pp | ||
| 1999 | 1.6% | -3.48pp | ||
| 1998 | 5.1% | +3.45pp | ||
| 1997 | 1.6% | -1.71pp | ||
| 1996 | 3.3% | +0.02pp | ||
| 1995 | 3.3% | -0.97pp | ||
| 1994 | 4.3% | +0.17pp | ||
| 1993 | 4.1% | -0.12pp | ||
| 1992 | 4.2% | — |
- 20259.2%+1.76pp
- 20247.4%-1.78pp
- 20239.2%-0.07pp
- 20229.3%-2.19pp
- 202111.5%+1.67pp
- 20209.8%+0.07pp
- 20199.7%+6.28pp
- 20183.5%-7.15pp
- 201710.6%+1.88pp
- 20168.7%-1.54pp
- 201510.3%+2.70pp
- 20147.6%-0.62pp
- 20138.2%+6.87pp
- 20121.3%-5.71pp
- 20117.0%+1.07pp
- 20106.0%+0.82pp
- 20095.1%-3.04pp
- 20088.2%+0.29pp
- 20077.9%+0.59pp
- 20067.3%+1.04pp
- 20056.3%+0.19pp
- 20046.1%+2.54pp
- 20033.5%-2.59pp
- 20026.1%+1.09pp
- 20015.0%-0.96pp
- 20006.0%+4.39pp
- 19991.6%-3.48pp
- 19985.1%+3.45pp
- 19971.6%-1.71pp
- 19963.3%+0.02pp
- 19953.3%-0.97pp
- 19944.3%+0.17pp
- 19934.1%-0.12pp
- 19924.2%—
FCF Margin values are taken from Lockheed Martin's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Lockheed Martin (LMT)
According to Lockheed Martin's latest reported financial statements, the company's latest reported free cash flow margin is 7.5%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Lockheed Martin (LMT) reported free cash flow margin of 9.20% – expanded 1.8 percentage points year-over-year.
2021 marks the peak free cash flow margin at 11.48%, with the historical low of 1.31% recorded in 2012.
Lockheed Martin FCF Margin by Year
Lockheed Martin FCF Margin 2025: 9.2%
2025's free cash flow margin for Lockheed Martin came in at 9.20%, expanded 1.8 percentage points from 2024.
Lockheed Martin FCF Margin 2024: 7.4%
Lockheed Martin posted free cash flow margin of 7.44% in 2024, contracted 1.8 percentage points from 2023.
Lockheed Martin FCF Margin 2023: 9.2%
In 2023, Lockheed Martin reported free cash flow margin of 9.22%, contracted 0.1 percentage points from 2022.
Lockheed Martin FCF Margin 2022: 9.3%
Lockheed Martin free cash flow margin in 2022 was 9.29%, contracted 2.2 percentage points from 2021.
Lockheed Martin FCF Margin 2021: 11.5%
Lockheed Martin free cash flow margin in 2021 was 11.48%.
See more financial history for Lockheed Martin (LMT).
Sector peers by FCF Margin
Industrials peers of Lockheed Martin (LMT), ranked by their latest free cash flow margin
| 23.1% | |
| 16.5% | |
| 16.2% | |
| 15.4% | |
| 11.4% | |
| 9.2% | |
| 0.8% | |
| -1.1% |
- 23.1%
- 16.2%
- 15.4%
- 9.2%
- -1.1%
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