Income StatementBalance SheetCash FlowSegments
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Lockheed Martin Cash Flow Statement

Operating, investing, and financing cash movements

Lockheed Martin generated $7.4B in operating cash flow over the trailing twelve months. After $1.7B in capital expenditures, free cash flow was $5.8B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$7.4BNet Cash From Investing (TTM)-$2.1BNet Cash From Financing (TTM)-$5.2BCapital Expenditures (TTM)$1.7BDepreciation And Amortization Cf (TTM)$1.6BNet Change In Cash (TTM)$91.0M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$122.95B
P/E Ratio25.65
ROE67.64%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$582.0M$454.0M$351.0M$381.0M$463.0M$511.0M
Payment for (Proceeds from) Other Investing Activity$256.0M-$24.0M$364.0M—$50.0M$30.0M
Net cash from investing activities-$838.0M-$430.0M-$715.0M-$319.0M-$513.0M-$541.0M
Other investing activities$256.0M-$24.0M$364.0M—$50.0M$30.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$1.1B$1.7B—$144.0M—$1.2B
Change in deferred revenue$744.0M-$420.0M$60.0M$398.0M$1.2B-$705.0M
Change in income taxes payable/receivable$65.0M$339.0M-$88.0M-$351.0M-$155.0M$103.0M
Change in inventories$323.0M$125.0M$336.0M$50.0M—$727.0M
Other working capital changes$564.0M-$918.0M$1.4B—$546.0M-$590.0M
Change in receivables$210.0M-$327.0M$1.3B$538.0M$57.0M-$1.6B
Deferred income taxes-$414.0M-$34.0M-$527.0M$633.0M$300.0M$161.0M
Depreciation and amortization$389.8M$397.0M———$398.0M
Net cash from operating activities$1.0B$1.4B$201.0M$3.7B$3.2B$220.0M
Net income$527.0M$1.7B$342.0M$1.6B$1.3B$1.5B
Pension and postretirement benefit expense-$990.0M$111.0M$112.0M$111.0M-$749.0M$92.0M
Stock-based compensation$48.0M$60.0M$81.0M$74.0M$89.0M$83.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$42.0M$0.0$142.0M$0.0$500.0M$1.0B
Dividends paid$778.0M$796.0M$771.0M$765.0M$799.0M$816.0M
Other, net-$65.0M-$113.0M-$32.0M-$3.0M-$6.0M-$90.0M
Payment of Deferred Purchase Consideration-$65.0M-$113.0M-$32.0M-$3.0M-$6.0M-$90.0M
Noncontrolling interest transactions and other-$65.0M-$113.0M-$32.0M-$3.0M-$6.0M-$90.0M
Net cash from financing activities-$853.0M-$1.7B$0.0-$1.2B-$2.1B-$1.9B
Other financing activities-$65.0M-$113.0M-$32.0M-$3.0M-$6.0M-$90.0M
Noncontrolling Interests Activity and Other-$65.0M-$113.0M-$32.0M-$3.0M-$6.0M-$90.0M
Repurchases of common stock$1.0B$750.0M$500.0M$1.0B$750.0M$0.0

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$441.0M$955.0M$0.0$3.3B$2.8B-$291.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash—-$680.0M-$510.0M$2.2B$651.0M-$2.2B