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). Explore Lockheed Martin Corporation (LMT) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see LMT cash generation efficiency.
Annual Free Cash Flow Generation for Lockheed Martin Corporation (1992–2024)
Year-by-year Free Cash Flow Generation Index for Lockheed Martin Corporation. Check Lockheed Martin Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |