Lockheed Martin (LMT) Free Cash Flow (2009 - 2026)
Lockheed Martin (LMT) posted Free Cash Flow of $2.9 billion for Q2 2026, up 1102.41% on a QoQ basis from -$291.0 million in Q1 2026, and up 2044.67% year-over-year from $136.0 million in Q2 2025.
Analysis
Lockheed Martin (LMT) Free Cash Flow (2009 - 2026) Analysis & Trends
Lockheed Martin has reported Free Cash Flow for 18 years, with the latest figure at $2.9 billion in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 2044.67% year-over-year to $2.9 billion in Q2 2026; TTM through Jun 2026 was $8.7 billion, a 162.21% increase from a year earlier, with the FY2025 full-year figure at $6.9 billion, up 30.66% from the prior year.
- Free Cash Flow was $2.9 billion for Q2 2026 at Lockheed Martin, up from -$291.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $3.3 billion in Q3 2025, with the low at -$291.0 million in Q1 2026.
- Average Free Cash Flow over 5 years is $1.5 billion, with a median of $1.3 billion recorded in 2023.
- The largest YoY upside for Free Cash Flow was 2044.67% in 2026 against a maximum downside of 130.47% in 2026.
- Over 5 years, Free Cash Flow stood at $1.2 billion in 2022, then soared by 34.49% to $1.7 billion in 2023, then slumped by 73.45% to $441.0 million in 2024, then jumped by 524.94% to $2.8 billion in 2025, then gained by 5.84% to $2.9 billion in 2026.
- The last three Free Cash Flow figures came in at $2.9 billion (Q2 2026), -$291.0 million (Q1 2026), and $2.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Lockheed Martin | 122.01 Bn | 118.22 Bn | 2.45 Bn | 2.92 Bn |
| 2 | General Dynamics | 95.71 Bn | 91.37 Bn | 6.76 Bn | 1.65 Bn |
| 3 | Motorola Solutions | 76.80 Bn | 76.09 Bn | 1.68 Bn | 414.00 Mn |
| 4 | Northrop Grumman | 73.72 Bn | 71.41 Bn | 3.72 Bn | 978.00 Mn |
| 5 | L3Harris Technologies | 46.24 Bn | 44.72 Bn | 1.50 Bn | 771.00 Mn |
| 6 | Elbit Systems | 33.11 Bn | 32.15 Bn | 579.01 Mn | 236.73 Mn |
| 7 | Teledyne Technologies | 27.62 Bn | 27.28 Bn | 738.10 Mn | 284.70 Mn |
| 8 | Curtiss Wright | 20.67 Bn | 20.19 Bn | 364.09 Mn | 151.73 Mn |
| 9 | Leidos Holdings | 16.32 Bn | 15.57 Bn | 817.00 Mn | 761.00 Mn |
| 10 | Caci International | 13.78 Bn | 13.59 Bn | 913.55 Mn | 331.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 2.92 Bn |
| Mar 29, 2026 | -291.00 Mn |
| Dec 31, 2025 | 2.76 Bn |
| Sep 28, 2025 | 3.35 Bn |
| Jun 29, 2025 | -150.00 Mn |
| Mar 30, 2025 | 955.00 Mn |
| Dec 31, 2024 | 441.00 Mn |
| Sep 29, 2024 | 2.08 Bn |
| Jun 30, 2024 | 1.51 Bn |
| Mar 31, 2024 | 1.26 Bn |
| Dec 31, 2023 | 1.66 Bn |
| Sep 24, 2023 | 2.53 Bn |
| Jun 25, 2023 | 771.00 Mn |
| Mar 26, 2023 | 1.27 Bn |
| Dec 31, 2022 | 1.24 Bn |
| Sep 25, 2022 | 2.73 Bn |
| Jun 26, 2022 | 1.03 Bn |
| Mar 27, 2022 | 1.14 Bn |
| Dec 31, 2021 | 3.66 Bn |
| Sep 26, 2021 | 1.62 Bn |