Lockheed Martin Corporation (LMT) — Financial Flexibility Index
Lockheed Martin Corporation (LMT) has a Financial Flexibility Index of 0.08x as of September 2025. Free cash flow of $4.11 Billion (operating CF $3.73 Billion minus capex $381.00 Million) represents 0% of total liabilities ($54.09 Billion). Check LMT cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Lockheed Martin Corporation Financial Flexibility Index (1993–2024)
Historical Financial Flexibility Index trend for Lockheed Martin Corporation across 32 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Lockheed Martin Corporation.
Annual Financial Flexibility Index for Lockheed Martin Corporation (1993–2024)
Year-by-year free cash flow to debt coverage for Lockheed Martin Corporation. Explore LMT operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.18x | $8.66 Billion | $6.97 Billion | $49.28 Billion | ▼ -16.6% |
| 2023 | 0.21x | $9.61 Billion | $7.92 Billion | $45.62 Billion | ▼ -3.0% |
| 2022 | 0.22x | $9.47 Billion | $7.80 Billion | $43.61 Billion | ▼ -19.3% |
| 2021 | 0.27x | $10.74 Billion | $9.22 Billion | $39.91 Billion | ▲ +20.9% |
| 2020 | 0.22x | $9.95 Billion | $8.18 Billion | $44.67 Billion | ▲ +12.3% |
| 2019 | 0.20x | $8.79 Billion | $7.31 Billion | $44.36 Billion | ▲ +95.0% |
| 2018 | 0.10x | $4.42 Billion | $3.14 Billion | $43.43 Billion | ▼ -37.4% |
| 2017 | 0.16x | $7.65 Billion | $6.48 Billion | $47.13 Billion | ▲ +20.0% |
| 2016 | 0.14x | $6.25 Billion | $5.19 Billion | $46.20 Billion | ▲ +3.1% |
| 2015 | 0.13x | $6.04 Billion | $5.10 Billion | $46.03 Billion | ▼ -6.2% |
| 2014 | 0.14x | $4.71 Billion | $3.87 Billion | $33.67 Billion | ▼ -18.7% |
| 2013 | 0.17x | $5.38 Billion | $4.55 Billion | $31.27 Billion | ▲ +165.5% |
| 2012 | 0.06x | $2.50 Billion | $1.56 Billion | $38.62 Billion | ▼ -54.3% |
| 2011 | 0.14x | $5.24 Billion | $4.25 Billion | $36.91 Billion | ▲ +2.0% |
| 2010 | 0.14x | $4.37 Billion | $3.55 Billion | $31.36 Billion | ▲ +7.2% |
| 2009 | 0.13x | $4.03 Billion | $3.17 Billion | $30.98 Billion | ▼ -25.7% |
| 2008 | 0.17x | $5.35 Billion | $4.42 Billion | $30.57 Billion | ▼ -35.5% |
| 2007 | 0.27x | $5.18 Billion | $4.24 Billion | $19.12 Billion | ▲ +23.7% |
| 2006 | 0.22x | $4.68 Billion | $3.78 Billion | $21.35 Billion | ▲ +7.3% |
| 2005 | 0.20x | $4.06 Billion | $3.19 Billion | $19.88 Billion | ▲ +2.5% |
| 2004 | 0.20x | $3.69 Billion | $2.92 Billion | $18.53 Billion | ▲ +55.0% |
| 2003 | 0.13x | $2.50 Billion | $1.81 Billion | $19.42 Billion | ▼ -13.3% |
| 2002 | 0.15x | $2.95 Billion | $2.29 Billion | $19.89 Billion | ▲ +28.7% |
| 2001 | 0.12x | $2.44 Billion | $1.82 Billion | $21.21 Billion | ▲ +6.2% |
| 2000 | 0.11x | $2.52 Billion | $2.02 Billion | $23.19 Billion | ▲ +47.0% |
| 1999 | 0.07x | $1.75 Billion | $1.08 Billion | $23.65 Billion | ▼ -38.8% |
| 1998 | 0.12x | $2.73 Billion | $2.03 Billion | $22.61 Billion | ▲ +42.9% |
| 1997 | 0.08x | $1.96 Billion | $1.21 Billion | $23.18 Billion | ▼ -20.3% |
| 1996 | 0.11x | $2.37 Billion | $1.64 Billion | $22.40 Billion | ▼ -34.8% |
| 1995 | 0.16x | $1.82 Billion | $1.29 Billion | $11.21 Billion | ▼ -2.9% |
| 1994 | 0.17x | $2.00 Billion | $1.49 Billion | $11.96 Billion | ▼ -0.1% |
| 1993 | 0.17x | $2.00 Billion | $1.46 Billion | $11.91 Billion | — |