Lockheed Martin Corporation (LMT) — Cash Flow Quality Index
Lockheed Martin Corporation (LMT) has a Cash Flow Quality Index of 2.30x as of September 2025. Operating cash flow of $3.73 Billion exceeds net income of $1.62 Billion, indicating high earnings quality where cash backs reported profits. Explore LMT debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Lockheed Martin Corporation Cash Flow Quality Index (1993–2024)
Historical Cash Flow Quality Index for Lockheed Martin Corporation across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see LMT cash flow metrics.
Annual Cash Flow Quality Index for Lockheed Martin Corporation (1993–2024)
Year-by-year earnings quality comparison for Lockheed Martin Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 1.31x | $6.97 Billion | $5.34 Billion | ▲ +14.2% |
| 2023 | 1.14x | $7.92 Billion | $6.92 Billion | ▼ -15.9% |
| 2022 | 1.36x | $7.80 Billion | $5.73 Billion | ▼ -6.8% |
| 2021 | 1.46x | $9.22 Billion | $6.32 Billion | ▲ +21.9% |
| 2020 | 1.20x | $8.18 Billion | $6.83 Billion | ▲ +2.0% |
| 2019 | 1.17x | $7.31 Billion | $6.23 Billion | ▲ +88.7% |
| 2018 | 0.62x | $3.14 Billion | $5.05 Billion | ▼ -80.8% |
| 2017 | 3.23x | $6.48 Billion | $2.00 Billion | ▲ +230.5% |
| 2016 | 0.98x | $5.19 Billion | $5.30 Billion | ▼ -30.8% |
| 2015 | 1.41x | $5.10 Billion | $3.60 Billion | ▲ +32.3% |
| 2014 | 1.07x | $3.87 Billion | $3.61 Billion | ▼ -29.9% |
| 2013 | 1.52x | $4.55 Billion | $2.98 Billion | ▲ +168.2% |
| 2012 | 0.57x | $1.56 Billion | $2.75 Billion | ▼ -53.1% |
| 2010 | 1.21x | $3.55 Billion | $2.93 Billion | ▲ +15.5% |
| 2009 | 1.05x | $3.17 Billion | $3.02 Billion | ▼ -23.6% |
| 2008 | 1.37x | $4.42 Billion | $3.22 Billion | ▼ -1.7% |
| 2007 | 1.40x | $4.24 Billion | $3.03 Billion | ▼ -6.5% |
| 2006 | 1.50x | $3.78 Billion | $2.53 Billion | ▼ -14.5% |
| 2005 | 1.75x | $3.19 Billion | $1.82 Billion | ▼ -24.2% |
| 2004 | 2.31x | $2.92 Billion | $1.27 Billion | ▲ +34.4% |
| 2003 | 1.72x | $1.81 Billion | $1.05 Billion | ▼ -60.0% |
| 2002 | 4.29x | $2.29 Billion | $533.00 Million | ▼ -81.4% |
| 2001 | 23.10x | $1.82 Billion | $79.00 Million | ▲ +719.4% |
| 1999 | 2.82x | $1.08 Billion | $382.00 Million | ▲ +39.0% |
| 1998 | 2.03x | $2.03 Billion | $1.00 Billion | ▲ +118.3% |
| 1997 | 0.93x | $1.21 Billion | $1.30 Billion | ▼ -23.5% |
| 1996 | 1.21x | $1.64 Billion | $1.35 Billion | ▼ -35.9% |
| 1995 | 1.89x | $1.29 Billion | $682.00 Million | ▲ +29.2% |
| 1994 | 1.47x | $1.49 Billion | $1.02 Billion | ▼ -16.7% |
| 1993 | 1.76x | $1.46 Billion | $829.00 Million | — |