Lockheed Martin Corporation (LMT) — Free Cash Flow Generation Index
Lockheed Martin Corporation (LMT) has a Free Cash Flow Generation Index of 0.90x as of September 2025. Free cash flow of $3.35 Billion represents 1% of operating cash flow ($3.73 Billion). Read total liabilities of Lockheed Martin Corporation for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Lockheed Martin Corporation Free Cash Flow Generation Index (1992–2024)
Historical FCF Generation Index trend for Lockheed Martin Corporation across 33 annual periods. Explore Lockheed Martin Corporation capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Lockheed Martin Corporation (1992–2024)
Year-by-year Free Cash Flow Generation Index for Lockheed Martin Corporation. For the full company profile including market capitalisation, see market value of Lockheed Martin Corporation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.76x | $5.29 Billion | $6.97 Billion | $1.69 Billion | ▼ -3.6% |
| 2023 | 0.79x | $6.23 Billion | $7.92 Billion | $1.69 Billion | ▲ +0.1% |
| 2022 | 0.79x | $6.13 Billion | $7.80 Billion | $1.67 Billion | ▼ -5.9% |
| 2021 | 0.83x | $7.70 Billion | $9.22 Billion | $1.52 Billion | ▲ +6.5% |
| 2020 | 0.78x | $6.42 Billion | $8.18 Billion | $1.77 Billion | ▼ -1.6% |
| 2019 | 0.80x | $5.83 Billion | $7.31 Billion | $1.48 Billion | ▲ +34.5% |
| 2018 | 0.59x | $1.86 Billion | $3.14 Billion | $1.28 Billion | ▼ -27.6% |
| 2017 | 0.82x | $5.30 Billion | $6.48 Billion | $1.18 Billion | ▲ +2.9% |
| 2016 | 0.80x | $4.13 Billion | $5.19 Billion | $1.06 Billion | ▼ -2.5% |
| 2015 | 0.82x | $4.16 Billion | $5.10 Billion | $939.00 Million | ▲ +4.4% |
| 2014 | 0.78x | $3.02 Billion | $3.87 Billion | $845.00 Million | ▼ -4.2% |
| 2013 | 0.82x | $3.71 Billion | $4.55 Billion | $836.00 Million | ▲ +105.8% |
| 2012 | 0.40x | $619.00 Million | $1.56 Billion | $942.00 Million | ▼ -48.4% |
| 2011 | 0.77x | $3.27 Billion | $4.25 Billion | $987.00 Million | ▼ -0.1% |
| 2010 | 0.77x | $2.73 Billion | $3.55 Billion | $820.00 Million | ▲ +5.1% |
| 2009 | 0.73x | $2.32 Billion | $3.17 Billion | $852.00 Million | ▼ -7.5% |
| 2008 | 0.79x | $3.50 Billion | $4.42 Billion | $926.00 Million | ▲ +1.6% |
| 2007 | 0.78x | $3.30 Billion | $4.24 Billion | $940.00 Million | ▲ +1.9% |
| 2006 | 0.76x | $2.89 Billion | $3.78 Billion | $893.00 Million | ▲ +4.8% |
| 2005 | 0.73x | $2.33 Billion | $3.19 Billion | $865.00 Million | ▼ -1.1% |
| 2004 | 0.74x | $2.15 Billion | $2.92 Billion | $769.00 Million | ▲ +18.8% |
| 2003 | 0.62x | $1.12 Billion | $1.81 Billion | $687.00 Million | ▼ -12.7% |
| 2002 | 0.71x | $1.63 Billion | $2.29 Billion | $662.00 Million | ▲ +7.5% |
| 2001 | 0.66x | $1.21 Billion | $1.82 Billion | $619.00 Million | ▼ -12.1% |
| 2000 | 0.75x | $1.52 Billion | $2.02 Billion | $500.00 Million | ▲ +98.5% |
| 1999 | 0.38x | $408.00 Million | $1.08 Billion | $669.00 Million | ▼ -42.3% |
| 1998 | 0.66x | $1.33 Billion | $2.03 Billion | $697.00 Million | ▲ +73.2% |
| 1997 | 0.38x | $458.00 Million | $1.21 Billion | $750.00 Million | ▼ -31.0% |
| 1996 | 0.55x | $899.00 Million | $1.64 Billion | $737.00 Million | ▼ -6.7% |
| 1995 | 0.59x | $761.00 Million | $1.29 Billion | $531.00 Million | ▼ -10.6% |
| 1994 | 0.66x | $984.00 Million | $1.49 Billion | $509.00 Million | ▲ +4.2% |
| 1993 | 0.63x | $923.00 Million | $1.46 Billion | $536.00 Million | ▲ +9.6% |
| 1992 | 0.58x | $680.00 Million | $1.18 Billion | $498.00 Million | — |