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Lockheed Martin LMT Free cash flow yield

Free cash flow yield at other companies

Boeing logo
BoeingBA
-5.6%+1.3pp
General Dynamics logo
General DynamicsGD
6.7%+2.1pp
Raytheon Technologies logo
Raytheon TechnologiesRTX
3.3%+0.2pp
L3Harris Technologies logo
L3Harris TechnologiesLHX
4.3%-1.3pp
Textron logo
TextronTXT
5.1%+0.7pp
Northrop Grumman logo
Northrop GrummanNOC
3.4%+1.0pp

Other financials

Income statement

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Revenue$18.0B+0.3%
Gross profit$2.1B-10.5%
Operating income$2.1B-13.0%
Net income$1.5B-13.1%
EPS (diluted)$6.44-11.5%

Balance sheet

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Cash & equivalents$1.9B+5.1%
Total debt$20.7B+1.9%
Total equity$7.5B+12.1%
Total assets$59.2B+4.5%

Cash flow

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Operating cash flow$220.0M-84.4%
CapEx$511.0M+12.6%
Free cash flow-$291.0M-130%

Valuation

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Market cap$122.73B+32.9%
Enterprise value$141.54B+28.2%
P/E25.6×+8.8×
P/S1.6×+0.3×

Profitability

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Gross margin9.8%-0.3pp
Operating margin9.9%-0.4pp
Net margin6.4%-1.3pp

Returns & leverage

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Return on equity67.6%-14.9pp
Debt / equity2.8×-0.3×
Current ratio1.1×+0.1×

Where this comes from

Calculated from Lockheed Martin’s reported figures.

Based on trailing twelve months.

The official record: Lockheed Martin’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lockheed Martin's free cash flow yield?
Lockheed Martin (LMT) reported free cash flow yield of 4.2% in Q1 2026.
How has Lockheed Martin's free cash flow yield changed year-over-year?
Lockheed Martin's free cash flow yield decreased by 12.3% year-over-year, from 4.8% to 4.2%.
What is the long-term trend for Lockheed Martin's free cash flow yield?
Over 4 years (2021 to 2025), Lockheed Martin's free cash flow yield has grown at a -6.2% compound annual growth rate (CAGR), from 23.8% to 18.4%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.