Lockheed Martin Corporation

Lockheed Martin Corporation

LMTยทNYSE

$512.03

-0.27%
IndustrialsAerospace & Defense

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.

At a Glance

Live Snapshot
Market Cap$118.06B
EPS21.5600
P/E Ratio23.75
Earnings Date07/28/2026
3Y+10.0%
5Y+5.0%
10Y+65.0%
3Y+11.0%
5Y-2.0%
10Y+101.0%
3Y-30.0%
5Y+9.0%
10Y+43.0%
LMT

Lockheed Martin Corporation Cash Conversion Engine

LMT ยท NYSE
Net Income5.02B
Depreciation & Amortization1.69B
Stock-Based Compensation304.00M
Change in Working Capital-983.00M
Others2.16B
Capital Expenditures-1.65B
Free Cash Flow6.91B

Cash Flow Quality Analysis

FCF Conversion Rate

137.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

19.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+30.7%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$983.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Lockheed Martin Corporation Cash Flow Statement

LMT โ€ข NYSE

Lockheed Martin Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
5B
5.3B
6.9B
5.7B
6.3B
6.8B
6.2B
5B
2B
5.3B
3.6B
3.6B
3B
2.7B
-81M
2.9B
3B
3.2B
3B
2.5B
1.7B
1.6B
1.4B
1.4B
1.4B
1.3B
1.2B
1.2B
1.2B
1.2B
1B
994M
990M
988M
797M
749M
859M
845M
819M
764M
372M
-588M
-498M
-757M
-183M
60M
222M
-244M
3.3B
-152M
-445M
-401M
-5M
930M
-2M
576M
542M
72M
110M
75M
304M
277M
265M
238M
227M
221M
189M
173M
158M
149M
138M
164M
189M
167M
141M
168M
154M
155M
149M
0.0
2.2B
2.1B
-3M
1.8B
1.4B
894M
223M
900M
14M
-1.5B
603M
396M
500M
210M
2.8B
-953M
-2B
476M
-124M
159M
-983M
-1.7B
-194M
-585M
54M
-1.1B
-742M
-3.9B
-197M
132M
174M
-901M
-109M
-3.5B
585M
81M
639M
-344M
254M
256M
8.6B
7B
7.9B
7.8B
9.2B
8.2B
7.3B
3.1B
6.5B
5.2B
5.1B
3.9B
4.5B
1.6B
4.3B
3.5B
3.2B
4.4B
4.2B
3.8B
INVESTING ACTIVITIES
-1.6B
-1.7B
-1.7B
-1.7B
-1.5B
-1.8B
-1.5B
-1.3B
-1.2B
-1.1B
-939M
-845M
-836M
-942M
-987M
-820M
-852M
-926M
-940M
-893M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-282M
(0.0)
(0.0)
(0.0)
(0.0)
-9B
-898M
-269M
-304M
-649M
-148M
-435M
-233M
-311M
-942M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-171M
-279M
(0.0)
(48M)
(48M)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
272M
0.0
0.0
-328M
-107M
-3M
-119M
361M
38M
243M
203M
30M
78M
208M
20M
-16M
24M
823M
820M
48M
-20M
-2M
132M
-2B
-1.8B
-1.7B
-1.8B
-1.2B
-2B
-1.2B
-1.1B
-1.1B
-985M
-9.7B
-1.7B
-1.1B
-1.2B
-813M
-319M
-1.5B
-907M
-1.2B
-1.7B
FINANCING ACTIVITIES
-3B
-3.7B
-6B
-7.9B
-4.1B
-1.1B
-1.2B
-1.5B
-2B
-2.1B
-3.1B
-1.9B
-1.8B
-990M
-2.5B
-2.4B
-1.9B
-2.9B
-1.8B
-1.5B
1.3B
2.8B
1.9B
4B
-500M
-519M
-1.5B
-150M
0.0
-952M
9.1B
0.0
-150M
0.0
1.3B
0.0
1.2B
-612M
-32M
-210M
-3.1B
-3.1B
-3.1B
-3B
-2.9B
-2.8B
-2.6B
-2.3B
-2.2B
-2B
-1.9B
-1.8B
-1.5B
-1.4B
-1.1B
-969M
-908M
-737M
-615M
-538M
-3B
-3.7B
-6B
-7.9B
-4.1B
-1.1B
-1.2B
-1.5B
-2B
-2.1B
-3.1B
-1.9B
-1.8B
-990M
-2.5B
-2.4B
-1.9B
-2.9B
-2.1B
-2.1B
-154M
-182M
-135M
-115M
-89M
-144M
-72M
-163M
-141M
1.6B
179M
346M
746M
-166M
93M
26M
61M
342M
124M
-353M
-4.9B
-4.1B
-7.3B
-7.1B
-7.6B
-4.5B
-5.3B
-4.2B
-4.3B
-3.5B
4.3B
-3.3B
-2.7B
-2.1B
-2.1B
-3.4B
-1.5B
-3.9B
-2.3B
-2.5B
CASH FLOW SUMMARY
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5M
44M
-56M
0.0
0.0
1.6B
1B
-1.1B
-1.1B
444M
1.6B
742M
-2.1B
1B
747M
-356M
-1.2B
719M
-1.7B
1.3B
-130M
223M
-480M
736M
-332M
2.5B
1.4B
2.5B
3.6B
3.2B
1.5B
772M
2.9B
1.8B
1.1B
1.4B
2.6B
1.9B
3.6B
2.3B
2.4B
2.2B
2.6B
1.9B
2.2B
4.1B
2.5B
1.4B
2.5B
3.6B
3.2B
1.5B
772M
2.9B
1.8B
1.1B
1.4B
2.6B
1.9B
3.6B
2.3B
2.4B
2.2B
2.6B
1.9B
6.9B
5.3B
6.2B
6.1B
7.7B
6.4B
5.8B
1.9B
5.3B
4.1B
4.2B
3B
3.7B
619M
3.3B
2.7B
2.3B
3.5B
3.3B
2.9B

SEC Filings

LMT - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 13, 2026
May 12, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 23, 2026
March 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 26, 2026
May 12, 2026
2026
10-K

10-K 2025 FY

FY

January 29, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 29, 2026
January 29, 2026
2026
8-K

8-K 2025

N/A

December 18, 2025
December 18, 2025
2025
8-K

8-K 2025

N/A

December 09, 2025
December 05, 2025
2025
10-Q

10-Q 2025 Q3

Q3

October 21, 2025
September 28, 2025
2025
8-K

8-K 2025

N/A

October 21, 2025
October 21, 2025
2025
Showing 1 to 10 of 551 filings