Lockheed Martin (LMT) Free Cash Flow (2009 - 2026)
Lockheed Martin (LMT) recorded Free Cash Flow of $3 billion in Q3 2026, down 10.4% from $3.35 billion a year earlier but up 2.8% from the prior quarter.
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Analysis
Lockheed Martin (LMT) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Lockheed Martin's Free Cash Flow came in at $8.38 billion as of Sep 27, 2026, up 82.5% year-over-year; for FY2025, it came in at $6.91 billion, up 30.7% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 1.5% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $5.29 billion in FY2024 (-15.1%), $6.23 billion in FY2023 (+1.6%), $6.13 billion in FY2022 (-20.4%) and $7.7 billion in FY2021 (+20.0%).
- Quarterly Free Cash Flow has ranged from -$291 million in Q1 2026 to $3.66 billion in Q4 2021 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in two of the last five quarters, with growth averaging 95.6%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 524.9% in Q4 2025, against a decline of 73.4% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.92 billion (Q2 2026), -$291 million (Q1 2026) and $2.76 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 295.17 Bn | 253.91 Bn | 5.02 Bn | 1.87 Bn |
| 2 | Rtx | 257.77 Bn | 227.75 Bn | 5.81 Bn | 2.12 Bn |
| 3 | Boeing | 148.82 Bn | 55.52 Bn | 2.41 Bn | 631.00 Mn |
| 4 | Lockheed Martin | 139.64 Bn | 123.87 Bn | 2.44 Bn | 3.00 Bn |
| 5 | General Dynamics | 94.53 Bn | 81.64 Bn | 2.18 Bn | 1.65 Bn |
| 6 | Motorola Solutions | 79.77 Bn | 76.13 Bn | 1.68 Bn | 414.00 Mn |
| 7 | Northrop Grumman | 78.36 Bn | 65.81 Bn | 2.35 Bn | 1.44 Bn |
| 8 | Howmet Aerospace | 74.35 Bn | 69.95 Bn | 951.00 Mn | 479.00 Mn |
| 9 | Honeywell International | 70.09 Bn | 22.54 Bn | 3.65 Bn | 961.00 Mn |
| 10 | TransDigm | 61.13 Bn | 49.21 Bn | 1.63 Bn | 650.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 3.00 Bn |
| 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 |
API Access
Lockheed Martin Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=LMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "LMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=LMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();