Lockheed Martin Cash Flow Statement
LMT / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
Lockheed Martin generated $8.6B in operating cash flow and $6.9B in free cash flow in FY2025. Free cash flow margin was 9.2% of revenue.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 68.0%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.0B | $5.3B | $6.9B | $5.7B | $6.2B | $5.0B | $2.0B | $5.2B | $2.0B | $3.6B | $3.6B | $3.6B | $3.0B | $2.9B | $2.7B |
| Depreciation & Amortization | $1.7B | $1.6B | $1.4B | $1.4B | $906.0M | $1.2B | $1.2B | $1.2B | $1.2B | $927.0M | $945.0M | $927.0M | $990.0M | $1.1B | $1.0B |
| Operating Cash Flow | $8.6B | $7.0B | $7.9B | $7.8B | $7.3B | $3.1B | $6.5B | $5.2B | $6.5B | $3.9B | $5.1B | $3.9B | $4.5B | $3.8B | $4.3B |
| Capital Expenditures | $1.6B | $1.7B | $1.7B | $1.7B | $1.5B | $1.3B | $1.2B | $1.1B | $1.2B | $845.0M | $939.0M | $845.0M | $836.0M | $1.1B | $987.0M |
| Free Cash Flow | $6.9B | $5.3B | $6.2B | $6.1B | $5.8B | $1.9B | $5.3B | $4.1B | $5.3B | $3.0B | $4.2B | $3.0B | $3.7B | $2.7B | $3.3B |
| Share Buybacks | $3.0B | $3.7B | $6.0B | $7.9B | $1.2B | $1.5B | $2.0B | $2.1B | $2.0B | $1.9B | $3.1B | $1.9B | $1.8B | $2.4B | $2.5B |
| Dividends Paid | $3.1B | $3.1B | $3.1B | $3.0B | $2.6B | $2.3B | $2.2B | $2.0B | $2.2B | $1.8B | $1.9B | $1.8B | $1.5B | $969.0M | $1.1B |
| FCF Margin | 9.2% | 7.4% | 9.2% | 9.3% | 9.7% | 3.5% | 10.6% | 8.7% | 10.6% | 7.6% | 10.3% | 7.6% | 8.2% | 6.0% | 7.0% |