Lockheed Martin Corporation LMT
- Market cap
- $120.7B
- P/E
- 19.1×
Follow LMT
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 | Free account |
Against its own ten years
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)))
More on LMT
- Revenue
- Net income
- 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
- 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
- The full statement