Lockheed Martin Corporation LMT

519.56 (4.14) (0.79%) as of 25 Sep
Market cap
$120.7B
P/E
19.1×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Lockheed Martin Corporation (LMT) Price to free cash flow

As of 25 September 2026, Lockheed Martin Corporation (LMT) trades at a price to free cash flow of 13.7×. Over the past ten years it has ranged from 11.9× (September 2022) to 89.9× (October 2018); the current reading is higher than 1% of that period. That is below the Aerospace & Defense industry median of 34.0× and below the Industrials sector median of 20.6×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 16.3× (25.61%)
FY2024 21.9× 19.50%
FY2023 18.3× (10.75%)
FY2022 20.5× 60.94%
FY2021 12.8× (17.62%)
FY2020 15.5× (17.80%)
FY2019 18.8× (52.95%)
FY2018 40.1× 131.50%
FY2017 17.3× (5.85%)
FY2016 18.4× 13.50%

Quarterly

Period Price to free cash flow Change
Jun 2026 13.4× (45.25%)
Mar 2026 24.5× 50.62%
Dec 2025 16.3× (35.36%)
Sep 2025 25.2× (22.41%)
42 more quarters

Against its own ten years

Low 11.9× High 89.9×
Ten-year median 19.2×
Current reading's percentile 1

Price to free cash flow against peers

Company Price to free cash flow
BA The Boeing Company compare n/m
RKLB Rocket Lab Corporation compare n/m
LMT Lockheed Martin Corporation 13.7×
GD General Dynamics Corporation compare 14.1×
LHX L3Harris Technologies Inc compare 15.8×
NOC Northrop Grumman Corporation compare 19.9×
RTX RTX Corporation compare 23.3×
TDG Transdigm Group Incorporated compare 33.2×
HWM Howmet Aerospace Inc. compare 46.1×
Aerospace & Defense industry median 34.0×
Industrials sector median 20.6×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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