Lockheed Martin Corporation (LMT) FCF Payout Ratio: 55.67%
Is Lockheed Martin Corporation’s FCF payout ratio high or low?
Lockheed Martin Corporation's FCF payout ratio of 55.67% is 18% above its 5-year average of 47.11%, near the high end of its 5-year range (38.19%–57.86%).
The FCF payout ratio for Lockheed Martin Corporation (LMT) is 55.67%. It is above its 12-month average by 7.91% (51.59%).
LMT FCF Payout Ratio Chart
LMT Average FCF Payout Ratio Chart
LMT Current vs Average FCF Payout Ratio Chart
LMT FCF Payout Ratio Metrics
FCF PAYOUT RATIO
55.67%
FCF PAYOUT RATIO AVG TTM
51.59%
FCF PAYOUT RATIO AVG 3Y
50.36%
FCF PAYOUT RATIO AVG 5Y
47.11%
FCF PAYOUT RATIO AVG 10Y
53.60%
FCF PAYOUT RATIO AVG 15Y
61.05%
FCF PAYOUT RATIO AVG 20Y
52.10%
CURRENT VS TTM AVG
+7.91%
CURRENT VS 3Y AVG
+10.55%
CURRENT VS 5Y AVG
+18.16%
CURRENT VS 10Y AVG
+3.86%
CURRENT VS 15Y AVG
-8.82%
CURRENT VS 20Y AVG
+6.85%
Payout Ratio Comparison
FCF Payout Ratio
55.7%
Earnings Payout Ratio
63.3%
Dividend Yield
2.57%
FCF Yield
4.62%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $6.91B | $3.13B | 45.3% |
| 2024 | $5.29B | $3.06B | 57.9% |
| 2023 | $6.23B | $3.06B | 49.1% |
| 2022 | $6.13B | $3.02B | 49.2% |
| 2021 | $7.70B | $2.94B | 38.2% |
| 2020 | $6.42B | $2.76B | 43.1% |
| 2019 | $5.83B | $2.56B | 43.9% |
| 2018 | $1.86B | $2.35B | 126.2% |
| 2017 | $5.30B | $2.16B | 40.8% |
| 2016 | $4.13B | $2.05B | 49.6% |
| 2015 | $4.16B | $1.93B | 46.4% |
| 2014 | $3.02B | $1.76B | 58.3% |
| 2013 | $3.71B | $1.54B | 41.5% |
| 2012 | $619.00M | $1.35B | 218.4% |
| 2011 | $3.27B | $1.09B | 33.5% |
| 2010 | $2.73B | $969.00M | 35.5% |
| 2009 | $2.32B | $908.00M | 39.1% |
| 2008 | $3.50B | $737.00M | 21.1% |
| 2007 | $3.30B | $615.00M | 18.6% |
| 2006 | $2.89B | $538.00M | 18.6% |
| 2005 | $2.33B | $462.00M | 19.8% |
| 2004 | $2.15B | $405.00M | 18.8% |
| 2003 | $1.12B | $261.00M | 23.3% |
| 2002 | $1.63B | $199.00M | 12.2% |
| 2001 | $1.21B | $192.00M | 15.9% |
| 2000 | $1.52B | $183.00M | 12.1% |
| 1999 | $408.00M | $345.00M | 84.6% |
| 1998 | $1.33B | $310.00M | 23.2% |
| 1997 | $458.00M | $352.00M | 76.9% |
| 1996 | $899.00M | $362.00M | 40.3% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Lockheed Martin Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Lockheed Martin Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Lockheed Martin Corporation (LMT)?
- The FCF payout ratio for LMT stock is 55.67%.
- Is Lockheed Martin Corporation's FCF payout ratio high or low?
- Lockheed Martin Corporation's FCF payout ratio of 55.67% is 18% above its 5-year average of 47.11%, near the high end of its 5-year range (38.19%–57.86%).
- What is the TTM average FCF payout ratio for Lockheed Martin Corporation (LMT)?
- The TTM average FCF payout ratio for LMT stock is 51.59%.
- What is the 3Y average FCF payout ratio for Lockheed Martin Corporation (LMT)?
- The 3Y average FCF payout ratio for LMT stock is 50.36%.
- What is the 5Y average FCF payout ratio for Lockheed Martin Corporation (LMT)?
- The 5Y average FCF payout ratio for LMT stock is 47.11%.
- What is the 10Y average FCF payout ratio for Lockheed Martin Corporation (LMT)?
- The 10Y average FCF payout ratio for LMT stock is 53.60%.
- What is the 15Y average FCF payout ratio for Lockheed Martin Corporation (LMT)?
- The 15Y average FCF payout ratio for LMT stock is 61.05%.
- What is the 20Y average FCF payout ratio for Lockheed Martin Corporation (LMT)?
- The 20Y average FCF payout ratio for LMT stock is 52.10%.
Lockheed Martin Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 45.32% |
| 2024-12-31 | 57.86% |
| 2023-12-31 | 49.06% |
| 2022-12-31 | 49.18% |
| 2021-12-31 | 38.19% |
| 2020-12-31 | 43.07% |
| 2019-12-31 | 43.86% |
| 2018-12-31 | 126.18% |
| 2017-12-31 | 40.82% |
| 2016-12-31 | 49.64% |
| 2015-12-31 | 46.42% |
| 2014-12-31 | 58.26% |
| 2013-12-31 | 41.51% |
| 2012-12-31 | 218.42% |
| 2011-12-31 | 33.53% |
| 2010-12-31 | 35.53% |
| 2009-12-31 | 39.12% |
| 2008-12-31 | 21.09% |
| 2007-12-31 | 18.63% |
| 2006-12-31 | 18.62% |
| 2005-12-31 | 19.84% |
| 2004-12-31 | 18.79% |
| 2003-12-31 | 23.26% |
| 2002-12-31 | 12.24% |
| 2001-12-31 | 15.92% |
| 2000-12-31 | 12.07% |
| 1999-12-31 | 84.56% |
| 1998-12-31 | 23.24% |
| 1997-12-31 | 76.86% |
| 1996-12-31 | 40.27% |
About Lockheed Martin Corporation
Lockheed Martin Corporation stands as a prominent global security and aerospace enterprise, specializing in the comprehensive lifecycle of advanced technological systems. Its expertise spans the research, design, development, manufacturing, integration, and ongoing sustainment of cutting-edge products and services across the world. The company's diverse operations are structured into four key segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics division is responsible for creating and producing leading-edge combat and air mobility aircraft, alongside unmanned aerial vehicles and their related innovations. The Missiles and Fire Control segment delivers sophisticated air and missile defense systems; tactical and precision air-to-ground weapon systems; comprehensive logistics; advanced fire control; mission operations, readiness, engineering support, and integration services; both crewed and uncrewed ground vehicles; and energy management solutions. Within the Rotary and Mission Systems segment, the portfolio includes military and commercial helicopters, naval surface ships, land and sea-based missile defense systems, advanced radar technologies, maritime and airborne mission and combat systems, intricate command and control solutions, cybersecurity services, and simulation and training platforms. The Space division focuses on satellites, space transportation systems, strategic, advanced strike, and defensive missile systems, as well as classified systems and services vital for national security. This segment further enhances situational awareness through network enablement, integrating space and ground-based systems to empower customers in gathering, analyzing, and securely distributing crucial intelligence data. Lockheed Martin primarily serves the United States government, alongside fulfilling foreign military sales facilitated through U.S. government contracts. Established in 1912, the corporation maintains its headquarters in Bethesda, Maryland.
- Sector
- Industrials
- Industry
- Aerospace & Defense
- CEO
- James D. Taiclet Jr.