Free Cash Flow for Lockheed Martin (LMT)
Free Cash Flow for Lockheed Martin (LMT): headline value $5.66B · YoY +30.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$5.66B
YoY change
+30.7%
5Y CAGR
+1.5%
Peak year (2021)
$7.70B
Latest annual
$6.91B
Free Cash Flow history chart for Lockheed Martin (LMT) from 1992 to 2025
Free Cash Flow history table for Lockheed Martin (LMT) from 1992 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $6.91B | +30.7% | ||
| 2024 | $5.29B | -15.1% | ||
| 2023 | $6.23B | +1.6% | ||
| 2022 | $6.13B | -20.4% | ||
| 2021 | $7.70B | +20.0% | ||
| 2020 | $6.42B | +10.1% | ||
| 2019 | $5.83B | +213.3% | ||
| 2018 | $1.86B | -64.9% | ||
| 2017 | $5.30B | +28.4% | ||
| 2016 | $4.13B | -0.9% | ||
| 2015 | $4.16B | +37.8% | ||
| 2014 | $3.02B | -18.6% | ||
| 2013 | $3.71B | +499.4% | ||
| 2012 | $619.00M | -81.0% | ||
| 2011 | $3.27B | +19.8% | ||
| 2010 | $2.73B | +17.5% | ||
| 2009 | $2.32B | -33.6% | ||
| 2008 | $3.50B | +5.9% | ||
| 2007 | $3.30B | +14.2% | ||
| 2006 | $2.89B | +24.1% | ||
| 2005 | $2.33B | +8.1% | ||
| 2004 | $2.15B | +92.1% | ||
| 2003 | $1.12B | -31.0% | ||
| 2002 | $1.63B | +34.8% | ||
| 2001 | $1.21B | -20.4% | ||
| 2000 | $1.52B | +271.6% | ||
| 1999 | $408.00M | -69.4% | ||
| 1998 | $1.33B | +191.3% | ||
| 1997 | $458.00M | -49.1% | ||
| 1996 | $899.00M | +18.1% | ||
| 1995 | $761.00M | -22.7% | ||
| 1994 | $984.00M | +6.6% | ||
| 1993 | $923.00M | +35.7% | ||
| 1992 | $680.00M | — |
Free Cash Flow values are taken from Lockheed Martin's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Lockheed Martin (LMT) most recent annual free cash flow stands at $6.91B (2025) – surged 30.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Lockheed Martin free cash flow compounded at +1.5% per year, with the latest reading among the more recent periods of the dataset.
Between 2021 and 2025, Lockheed Martin free cash flow declined 10.3%, falling from $7.70B to $6.91B.
$7.70B stands as the all-time-high annual free cash flow, posted in 2021, against a low of $408.00M during 1999.
Among 8 Industrials peers, Lockheed Martin (LMT) ranks 4th; the peer median for free cash flow is $5.45B.
Lockheed Martin Free Cash Flow by Year
Lockheed Martin Free Cash Flow 2025: $6.91B
Lockheed Martin free cash flow in 2025 was $6.91B, surged 30.7% from 2024.
Lockheed Martin Free Cash Flow 2024: $5.29B
Lockheed Martin free cash flow in 2024 was $5.29B, declined 15.1% below 2023.
Lockheed Martin Free Cash Flow 2023: $6.23B
Lockheed Martin free cash flow in 2023 was $6.23B, edged up 1.6% from 2022.
Lockheed Martin Free Cash Flow 2022: $6.13B
Lockheed Martin free cash flow in 2022 was $6.13B, declined 20.4% below 2021.
Lockheed Martin Free Cash Flow 2021: $7.70B
Lockheed Martin free cash flow in 2021 was $7.70B.
See more financial history for Lockheed Martin (LMT).
Sector peers — Free Cash Flow
Companies in the same sector as Lockheed Martin, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is Lockheed Martin's free cash flow?
Latest reported free cash flow for Lockheed Martin (LMT) is $5.66B (period ending March 29, 2026).
How has Lockheed Martin free cash flow changed year-over-year?
Lockheed Martin (LMT) free cash flow changed +30.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Lockheed Martin free cash flow?
Lockheed Martin (LMT) free cash flow compound annual growth rate is +1.5% over the most recent 5 years available.
When did Lockheed Martin free cash flow hit its highest annual value?
Lockheed Martin free cash flow reached its highest annual value of $7.70B in 2021.
What was Lockheed Martin free cash flow in 2024?
Lockheed Martin (LMT) free cash flow in 2024 was $5.29B.
What was Lockheed Martin free cash flow in 2025?
Lockheed Martin (LMT) free cash flow in 2025 was $6.91B.
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