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Lockheed Martin

NYSE: LMT · USD

Lockheed Martin cash flow and EPS100

Operating cash flow, capital investment, free cash flow and earnings per share.

Capital allocation

% of tracked cash uses

$1,282M
Lockheed Martin capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q219.44% · $167MUnavailable54.71% · $470M25.84% · $222MUnavailable100% · $859M
FY 2009 Q322.92% · $182MUnavailable49.5% · $393M27.58% · $219M0% · $0M100% · $794M
FY 2009 Q427.65% · $371MUnavailable36.44% · $489M17.88% · $240M18.03% · $242M100% · $1,342M
FY 2010 Q110.87% · $92MUnavailable60.99% · $516M28.13% · $238MUnavailable100% · $846M
FY 2010 Q211.96% · $131MUnavailable66.76% · $731M21.28% · $233MUnavailable100% · $1,095M
FY 2010 Q323.78% · $171MUnavailable44.37% · $319M31.85% · $229MUnavailable100% · $719M
FY 2010 Q427.5% · $426MUnavailable55.13% · $854M17.37% · $269MUnavailable100% · $1,549M
FY 2011 Q114.07% · $95MUnavailable46.52% · $314M39.41% · $266MUnavailable100% · $675M
FY 2011 Q210.47% · $147MUnavailable71.15% · $999M18.38% · $258MUnavailable100% · $1,404M
FY 2011 Q313.85% · $201MUnavailable69.19% · $1,004M16.95% · $246MUnavailable100% · $1,451M
FY 2011 Q443.96% · $371MUnavailable17.54% · $148M38.51% · $325MUnavailable100% · $844M
FY 2012 Q118.71% · $131MUnavailable34.57% · $242M46.71% · $327MUnavailable100% · $700M
FY 2012 Q225.66% · $175MUnavailable26.54% · $181M47.8% · $326MUnavailable100% · $682M
FY 2012 Q325.4% · $208MUnavailable34.8% · $285M39.8% · $326MUnavailable100% · $819M
FY 2012 Q439.52% · $428MUnavailable26.04% · $282M34.44% · $373MUnavailable100% · $1,083M
FY 2013 Q111.3% · $106MUnavailable49.15% · $461M39.55% · $371MUnavailable100% · $938M
FY 2013 Q217.39% · $176MUnavailable45.95% · $465M36.66% · $371MUnavailable100% · $1,012M
FY 2013 Q317.62% · $209MUnavailable51.18% · $607M31.2% · $370M0% · $0M100% · $1,186M
FY 2013 Q434.43% · $345MUnavailable22.85% · $229M42.71% · $428M0% · $0M100% · $1,002M
FY 2014 Q16.23% · $103MUnavailable66.91% · $1,106M26.86% · $444MUnavailable100% · $1,653M
FY 2014 Q221.58% · $150MUnavailable17.84% · $124M60.58% · $421MUnavailable100% · $695M
FY 2014 Q318.97% · $203MUnavailable41.68% · $446M39.35% · $421MUnavailable100% · $1,070M
FY 2014 Q435.79% · $389MUnavailable20.61% · $224M43.61% · $474MUnavailable100% · $1,087M
FY 2015 Q19.67% · $118MUnavailable49.51% · $604M40.82% · $498MUnavailable100% · $1,220M
FY 2015 Q211.97% · $191MUnavailable58.75% · $937M29.28% · $467MUnavailable100% · $1,595M
FY 2015 Q312.94% · $191MUnavailable55.76% · $823M31.3% · $462MUnavailable100% · $1,476M
FY 2015 Q426.59% · $439MUnavailable42.82% · $707M30.59% · $505MUnavailable100% · $1,651M
FY 2016 Q112.74% · $151MUnavailable42.28% · $501M44.98% · $533MUnavailable100% · $1,185M
FY 2016 Q219% · $235MUnavailable40.5% · $501M40.5% · $501MUnavailable100% · $1,237M
FY 2016 Q316.03% · $241MUnavailable18.5% · $278M32.2% · $484M33.27% · $500M100% · $1,503M
FY 2016 Q424.47% · $436MUnavailable45.79% · $816M29.74% · $530M0% · $0M100% · $1,782M
FY 2017 Q114% · $170MUnavailable41.19% · $500M44.81% · $544MUnavailable100% · $1,214M
FY 2017 Q221.34% · $278MUnavailable38.37% · $500M40.29% · $525MUnavailable100% · $1,303M
FY 2017 Q317.85% · $222MUnavailable40.19% · $500M41.96% · $522MUnavailable100% · $1,244M
FY 2017 Q432.09% · $507MUnavailable31.71% · $501M36.2% · $572M0% · $0M100% · $1,580M
FY 2018 Q119.6% · $216MUnavailable27.22% · $300M53.18% · $586MUnavailable100% · $1,102M
FY 2018 Q223.08% · $264MUnavailable27.1% · $310M49.83% · $570MUnavailable100% · $1,144M
FY 2018 Q330.16% · $339MUnavailable19.22% · $216M50.62% · $569MUnavailable100% · $1,124M
FY 2018 Q426.27% · $459MUnavailable38.12% · $666M35.6% · $622MUnavailable100% · $1,747M
FY 2019 Q123.61% · $284MUnavailable23.36% · $281M53.03% · $638MUnavailable100% · $1,203M
FY 2019 Q222.84% · $249MUnavailable20.09% · $219M57.06% · $622MUnavailable100% · $1,090M
FY 2019 Q327.04% · $308MUnavailable18.44% · $210M54.52% · $621M0% · $0M100% · $1,139M
FY 2019 Q423.74% · $643MUnavailable18.09% · $490M24.93% · $675M33.23% · $900M100% · $2,708M
FY 2020 Q116.82% · $293MUnavailable43.4% · $756M39.78% · $693MUnavailable100% · $1,742M
FY 2020 Q226.94% · $343MUnavailable20.35% · $259M52.71% · $671MUnavailable100% · $1,273M
FY 2020 Q335.02% · $408MUnavailable7.3% · $85M57.68% · $672M0% · $0M100% · $1,165M
FY 2020 Q437.03% · $722MUnavailable0% · $0M37.33% · $728M25.64% · $500M100% · $1,950M
FY 2021 Q113.91% · $281MUnavailable49.5% · $1,000M36.58% · $739MUnavailable100% · $2,020M
FY 2021 Q220.66% · $318MUnavailable32.49% · $500M46.85% · $721MUnavailable100% · $1,539M
FY 2021 Q315.54% · $316MUnavailable24.58% · $500M35.3% · $718M24.58% · $500M100% · $2,034M
FY 2021 Q417.56% · $607MUnavailable60.39% · $2,087M22.05% · $762M0% · $0M100% · $3,456M
FY 2022 Q18.83% · $268MUnavailable65.9% · $2,000M25.27% · $767MUnavailable100% · $3,035M
FY 2022 Q221.65% · $304MUnavailable25.36% · $356M52.99% · $744MUnavailable100% · $1,404M
FY 2022 Q316.32% · $405MUnavailable53.91% · $1,338M29.77% · $739M0% · $0M100% · $2,482M
FY 2022 Q412.23% · $693MUnavailable74.25% · $4,206M13.52% · $766M0% · $0M100% · $5,665M
FY 2023 Q118.63% · $294MUnavailable31.69% · $500M49.68% · $784MUnavailable100% · $1,578M
FY 2023 Q217.91% · $329MUnavailable40.83% · $750M41.26% · $758MUnavailable100% · $1,837M
FY 2023 Q312.23% · $364MUnavailable58.8% · $1,750M25.1% · $747M3.86% · $115M100% · $2,976M
FY 2023 Q415.75% · $704MUnavailable67.1% · $3,000M17.15% · $767M0% · $0M100% · $4,471M
FY 2024 Q117.52% · $378MUnavailable46.34% · $1,000M36.14% · $780MUnavailable100% · $2,158M
FY 2024 Q218.76% · $370MUnavailable43.1% · $850M38.13% · $752MUnavailable100% · $1,972M
FY 2024 Q318.17% · $355MUnavailable43.5% · $850M38.33% · $749M0% · $0M100% · $1,954M
FY 2024 Q424.66% · $582MUnavailable42.37% · $1,000M32.97% · $778M0% · $0M100% · $2,360M
FY 2025 Q122.7% · $454MUnavailable37.5% · $750M39.8% · $796M0% · $0M100% · $2,000M
FY 2025 Q219.9% · $351MUnavailable28.34% · $500M43.71% · $771M8.05% · $142M100% · $1,764M
FY 2025 Q317.75% · $381MUnavailable46.6% · $1,000M35.65% · $765M0% · $0M100% · $2,146M
FY 2025 Q418.43% · $463MUnavailable29.86% · $750M31.81% · $799M19.9% · $500M100% · $2,512M
FY 2026 Q121.96% · $511MUnavailable0% · $0M35.07% · $816M42.97% · $1,000M100% · $2,327M
FY 2026 Q224.8% · $318MUnavailable0% · $0M62.09% · $796M13.1% · $168M100% · $1,282M
Jun 28, 2009 through Jun 28, 2026

Latest period omits acquisitions. Percentages cover tracked uses. SBC is noncash and excluded.

Operating cash flow

USD millions

$3,235M

Capital expenditures

USD millions

$318M

Free cash flow

USD millions

$2,917M

Stock-based compensation

USD millions

$97M

SBC / free cash flow

% · FCF before SBC deduction

3.33%

SBC / operating cash flow

%

3%

Software & intangible investment

USD millions

—

Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.

Diluted EPS

USD per share

$7.94

Quarterly data

Lockheed Martin cash-flow history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedOperating cash flowUSD millionsCapital expendituresUSD millionsFree cash flowUSD millionsStock-based compensationUSD millionsSBC / free cash flow%SBC / operating cash flow%Software & intangible investmentUSD millionsDiluted EPSUSD per share
FY 2026 Q2Jun 28, 20263,2353182,917973.33%3%—$7.94
FY 2026 Q1Mar 29, 2026220511-29183—37.73%—$6.44
FY 2025 Q4Dec 31, 20253,2194632,756893.23%2.76%——
FY 2025 Q3Sep 28, 20253,7283813,347742.21%1.98%—$6.95
FY 2025 Q2Jun 29, 2025201351-15081—40.3%—$1.46
FY 2025 Q1Mar 30, 20251,409454955606.28%4.26%—$7.28
FY 2024 Q4Dec 31, 20241,0235824414810.88%4.69%——
FY 2024 Q3Sep 29, 20242,4383552,083753.6%3.08%—$6.8
FY 2024 Q2Jun 30, 20241,8763701,506936.18%4.96%—$6.85
FY 2024 Q1Mar 31, 20241,6353781,257614.85%3.73%—$6.39
FY 2023 Q4Dec 31, 20232,3657041,661442.65%1.86%——
FY 2023 Q3Sep 24, 20232,8913642,527752.97%2.59%—$6.73
FY 2023 Q2Jun 25, 20231,1003297718911.54%8.09%—$6.63
FY 2023 Q1Mar 26, 20231,5642941,270574.49%3.64%—$6.61
FY 2022 Q4Dec 31, 20221,9286931,235433.48%2.23%——
FY 2022 Q3Sep 25, 20223,1334052,728612.24%1.95%—$6.71
FY 2022 Q2Jun 26, 20221,3313041,027807.79%6.01%—$1.16
FY 2022 Q1Mar 27, 20221,4102681,142544.73%3.83%—$6.44
FY 2021 Q4Dec 31, 20214,2686073,661381.04%0.89%——
FY 2021 Q3Sep 26, 20211,9373161,621623.82%3.2%—$2.21
FY 2021 Q2Jun 27, 20211,268318950808.42%6.31%—$6.52
FY 2021 Q1Mar 28, 20211,7482811,467473.2%2.69%—$6.56
FY 2020 Q4Dec 31, 20201,8077221,085393.59%2.16%—$6.38
FY 2020 Q3Sep 27, 20201,8804081,472674.55%3.56%—$6.05
FY 2020 Q2Jun 28, 20202,1823431,839733.97%3.35%—$5.79
FY 2020 Q1Mar 29, 20202,3142932,021422.08%1.82%—$6.08
FY 2019 Q4Dec 31, 20191,490643847313.66%2.08%—$5.29
FY 2019 Q3Sep 29, 20192,4903082,182542.47%2.17%—$5.66
FY 2019 Q2Jun 30, 20191,6682491,419674.72%4.02%—$5
FY 2019 Q1Mar 31, 20191,6632841,379372.68%2.22%—$5.99
FY 2018 Q4Dec 31, 20182,2174591,758251.42%1.13%—$4.39
FY 2018 Q3Sep 30, 20183613392250227.27%13.85%—$5.14
FY 2018 Q2Jun 24, 2018-72264-33660———$4.05
FY 2018 Q1Mar 25, 2018632216416389.13%6.01%—$4.02
FY 2017 Q4Dec 31, 20171,5125071,005252.49%1.65%—$-2.25
FY 2017 Q3Sep 24, 20171,7542221,532322.09%1.82%—$3.24
FY 2017 Q2Jun 25, 20171,5442781,266574.5%3.69%—$3.23
FY 2017 Q1Mar 26, 20171,6661701,496442.94%2.64%—$2.61
FY 2016 Q4Dec 31, 2016729436293258.53%3.43%—$3.35
FY 2016 Q3Sep 25, 20161,3202411,079272.5%2.05%—$7.93
FY 2016 Q2Jun 26, 20161,5772351,342533.95%3.36%—$3.32
FY 2016 Q1Mar 27, 20161,5631511,412443.12%2.82%—$2.58
FY 2015 Q4Dec 31, 20151,364439925202.16%1.47%—$3.01
FY 2015 Q3Sep 27, 20151,5171911,326292.19%1.91%—$2.77
FY 2015 Q2Jun 28, 20151,2631911,072494.57%3.88%—$2.94
FY 2015 Q1Mar 29, 2015957118839404.77%4.18%—$2.74
FY 2014 Q4Dec 31, 2014-201389-59036———$2.82
FY 2014 Q3Sep 28, 2014990203787313.94%3.13%—$2.76
FY 2014 Q2Jun 29, 2014977150827495.93%5.02%—$2.76
FY 2014 Q1Mar 30, 20142,1001031,997482.4%2.29%—$2.87
FY 2013 Q4Dec 31, 2013938345593396.58%4.16%—$1.5
FY 2013 Q3Sep 29, 2013900209691385.5%4.22%—$2.66
FY 2013 Q2Jun 30, 20136231764475913.2%9.47%—$2.64
FY 2013 Q1Mar 31, 20132,0851061,979532.68%2.54%—$2.33
FY 2012 Q4Dec 31, 2012-1,315428-1,74338———$1.73
FY 2012 Q3Sep 30, 20121,5732081,365423.08%2.67%—$2.21
FY 2012 Q2Jun 24, 2012845175670466.87%5.44%—$2.38
FY 2012 Q1Mar 25, 20124581313274112.54%8.95%—$2.03
FY 2011 Q4Dec 31, 20111,215371844414.86%3.37%—$2.09
FY 2011 Q3Sep 25, 20115112013103711.94%7.24%—$2.1
FY 2011 Q2Jun 26, 2011843147696405.75%4.74%—$2.14
FY 2011 Q1Mar 27, 20111,684951,589392.45%2.32%—$1.5
FY 2010 Q4Dec 31, 2010160426-26668—42.5%—$2.67
FY 2010 Q3Sep 26, 2010513171342185.26%3.51%—$1.57
FY 2010 Q2Jun 27, 20101,2251311,094413.75%3.35%—$2.22
FY 2010 Q1Mar 28, 20101,649921,557412.63%2.49%—$1.45
FY 2009 Q4Dec 31, 2009-605371-97642————
FY 2009 Q3Sep 27, 20091,4241821,242403.22%2.81%—$2.07
FY 2009 Q2Jun 28, 20091,136167969424.33%3.7%—$1.88
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

SBC / FCF always uses FCF before SBC deduction; both SBC ratios compare amounts from the same period. A zero or negative cash-flow denominator is undefined, and values above 100% are retained.

Each reported nonnegative cash use / sum of available tracked nonnegative cash uses × 100. Missing categories are omitted, never set to zero. This is the composition of tracked uses, not a complete cash-flow reconciliation or a percentage of OCF. SBC is noncash and excluded. Negative amounts are excluded as reversals or net receipts; they are not converted to spending. Annual bars use reported annual amounts. Turning off a category hides its share without changing the denominator. Debt repayments prefer a reported aggregate, with long-term or convertible-only scope identified in the tooltip. Acquisitions are net of cash acquired. Dividend payments use the aggregate where reported, including dividend equivalents when part of that concept.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · LMT, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Operating cash flow
Reported net cash provided by or used in operating activities.
Capital expenditures
Reported cash capital investment. Uses purchases of property, plant and equipment where disclosed; otherwise purchases of productive assets, which can also include software and intangibles. Excludes acquisitions and noncash lease additions.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Stock-based compensation
Reported share-based compensation addback in the cash-flow statement. Missing disclosure is not treated as zero.
SBC / free cash flow
Reported share-based compensation / (operating cash flow − cash capital investment) × 100, for the same fiscal period. Always uses FCF before SBC deduction. Zero or negative FCF is undefined; values above 100% are retained.
SBC / operating cash flow
Reported share-based compensation / reported operating cash flow × 100, for the same fiscal period. Zero or negative operating cash flow is undefined. Unaffected by the SBC deduction scenario.
Software & intangible investment
Separately tagged payments for capitalized software under US GAAP, or purchases of intangible assets under IFRS. This optional disclosure is not inferred from total capex or deducted a second time from FCF.
Diluted EPS
Reported diluted earnings per share, normalized for recorded subsequent stock splits. Quarterly EPS is never subtracted from annual or YTD EPS.