Lockheed Martin Corporation
LMT Industrials Aerospace & Defense
Lockheed Martin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $75.0 billion, up 5.64% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS grew 446.6%, free cash flow grew 2,044.7% and total debt fell 5.08%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for three.
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Lockheed Martin Corporation (LMT) EV/FCF
As of 9 October 2026, Lockheed Martin Corporation (LMT) trades at a EV/FCF of 15.4×. Over the past ten years it has ranged from 13.0× (September 2022) to 102× (October 2018); the current reading is higher than 2% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 18.8× | (25.45%) |
| FY2024 | 25.3× | 20.90% |
| FY2023 | 20.9× | (7.75%) |
| FY2022 | 22.7× | 62.40% |
| FY2021 | 14.0× | (17.42%) |
| FY2020 | 16.9× | (18.61%) |
| FY2019 | 20.8× | (56.04%) |
| FY2018 | 47.2× | 142.74% |
| FY2017 | 19.5× | (9.58%) |
| FY2016 | 21.5× | 9.79% |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 15.4× | (44.82%) |
| Mar 2026 | 27.9× | 47.91% |
| Dec 2025 | 18.8× | (35.67%) |
| Sep 2025 | 29.3× | (24.14%) |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| BA The Boeing Company compare | −1,278× |
| GD General Dynamics Corporation compare | 14.4× |
| LMT Lockheed Martin Corporation | 15.4× |
| LHX L3Harris Technologies Inc compare | 19.1× |
| NOC Northrop Grumman Corporation compare | 22.1× |
| RTX RTX Corporation compare | 25.5× |
| HWM Howmet Aerospace Inc. compare | 46.4× |
| GE GE Aerospace compare | 48.2× |
| TDG Transdigm Group Incorporated compare | 48.6× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on LMT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement