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) Free cash flow
Lockheed Martin Corporation's free cash flow for fiscal 2025 was $6.9B, up 30.7% from $5.3B in fiscal 2024. Over the twelve months to 30 June 2026 it was $8.7B. Over the past ten years it has ranged from $1.9B (fiscal 2018) to $7.7B (fiscal 2021); the current reading is higher than 91% of that period. Lockheed Martin Corporation ranks 2nd of 82 Aerospace & Defense companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $6.9B | 30.66% |
| FY2024 | $5.3B | (15.12%) |
| FY2023 | $6.2B | 1.58% |
| FY2022 | $6.1B | (20.35%) |
| FY2021 | $7.7B | 19.98% |
| FY2020 | $6.4B | 10.13% |
| FY2019 | $5.8B | 213.28% |
| FY2018 | $1.9B | (64.90%) |
| FY2017 | $5.3B | 28.43% |
| FY2016 | $4.1B | (0.86%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $2.9B | — |
| Mar 2026 | −$291.0M | — |
| Dec 2025 | $2.8B | (17.66%) |
| Sep 2025 | $3.3B | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| RTX RTX Corporation compare | $11.0B |
| LMT Lockheed Martin Corporation | $8.7B |
| GE GE Aerospace compare | $8.6B |
| GD General Dynamics Corporation compare | $6.4B |
| NOC Northrop Grumman Corporation compare | $3.6B |
| LHX L3Harris Technologies Inc compare | $2.8B |
| HWM Howmet Aerospace Inc. compare | $2.0B |
| TDG Transdigm Group Incorporated compare | $1.9B |
| BA The Boeing Company compare | −$129.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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- Revenue
- Net income
- EPS (diluted)
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