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Lockheed Martin LMT Free cash flow

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Other financials

Income statement

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Revenue$20.1B+10.5%
Gross profit$2.4B+233%
Operating income$2.5B+231%
Net income$1.8B+437%
EPS (diluted)$7.94+444%

Balance sheet

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Cash & equivalents$3.8B+193%
Total debt$20.5B-5.1%
Total equity$8.8B+64.4%
Total assets$62.5B+6.1%

Cash flow

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Operating cash flow$3.2B+1,509%
CapEx$318.0M-9.4%

Valuation

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Market cap$130.54B+23.0%
Enterprise value$147.29B+16.5%
P/E20.8×-4.5×
P/S1.7×+0.2×

Profitability

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Gross margin11.8%+3.6pp
Operating margin11.9%+3.6pp
Net margin8.2%+2.3pp
FCF margin11.3%+6.5pp

Returns & leverage

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Return on equity89.2%+16.1pp
Debt / equity2.3×-1.7×
Current ratio1.2×+0.2×

Where this comes from

Calculated from Lockheed Martin’s reported figures.

The source filing: Lockheed Martin’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049411

FAQ

What is Lockheed Martin's free cash flow?
Lockheed Martin (LMT) reported free cash flow of $2.92B in Q2 2026.
What is the long-term trend for Lockheed Martin's free cash flow?
Over 4 years (2021 to 2025), Lockheed Martin's free cash flow has grown at a -2.1% compound annual growth rate (CAGR), from $7.7B to $7.06B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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