Cash From Operating Activities - Lockheed Martin Corp (NYSE:LMT)

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Price: 582.43 USD 0.79% Market Closed

Market Cap: 134.8B USD

Lockheed Martin Corp
Cash from Operating Activities

Quarterly

Annual

TTM

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Cash Flow Statement

Lockheed Martin Corp
Cash from Operating Activities Peer Comparison

	Cash from Operating Activities	CAGR 3Y	CAGR 5Y	CAGR 10Y
Lockheed Martin Corp NYSE:LMT	Cash from Operating Activities $6.4B	CAGR 3-Years -14%	CAGR 5-Years -4%	CAGR 10-Years 6%
Boeing Co NYSE:BA	Cash from Operating Activities -$3.7B	CAGR 3-Years N/A	CAGR 5-Years 26%	CAGR 10-Years N/A
Howmet Aerospace Inc NYSE:HWM	Cash from Operating Activities $1.7B	CAGR 3-Years 43%	CAGR 5-Years 32%	CAGR 10-Years -2%
Northrop Grumman Corp NYSE:NOC	Cash from Operating Activities $3.4B	CAGR 3-Years 18%	CAGR 5-Years -8%	CAGR 10-Years 5%
General Dynamics Corp NYSE:GD	Cash from Operating Activities $5.7B	CAGR 3-Years 1%	CAGR 5-Years 9%	CAGR 10-Years 10%
Raytheon Technologies Corp NYSE:RTX	Cash from Operating Activities $8B	CAGR 3-Years 12%	CAGR 5-Years 10%	CAGR 10-Years 3%

Lockheed Martin Corp
Glance View

Economic Moat

None

Market Cap

134.8B USD

Industry

Aerospace & Defense

Lockheed Martin Corp., a titan in the aerospace and defense industry, operates amidst a world where national security and technological prowess intertwine to shape modern defense capabilities. Founded in 1995 from the merger of Lockheed Corporation and Martin Marietta, the company's storied history stretches back to the early 20th century, marked by innovations that revolutionized aviation and defense. Headquartered in Bethesda, Maryland, Lockheed Martin boasts a sprawling global presence, with operations across various continents, reflecting its status as a critical player in international defense ecosystems. The company’s divisions span aeronautics, missiles and fire control, rotary and mission systems, and space—each contributing to an intricate portfolio of advanced technologies and projects. The beating heart of Lockheed Martin's financial framework is its contract-driven revenue model, particularly through its prodigious work with the U.S. government, which accounts for the lion's share of its sales. The F-35 Lightning II, a multi-role fighter jet, epitomizes Lockheed Martin's prowess and innovation, underpinned by lucrative procurement contracts that ensure steady cash flow. Its expertise also extends to missile systems, radar technologies, and sophisticated space exploration instruments, all backed by ongoing research and development initiatives. Further, the company is pivoting towards cybersecurity and artificial intelligence, recognizing these as domains integral to future defense strategies. Through these avenues, Lockheed Martin not only ensures its growth but also fortifies its indispensable role in shaping the defense frameworks of nations worldwide.

View LMT Analysis

LMT Intrinsic Value

Overvaluation 9%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Lockheed Martin Corp
NYSE:LMT

Lockheed Martin Corp
Cash from Operating Activities

Lockheed Martin Corp
Cash from Operating Activities Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Lockheed Martin Corp
Glance View

See Also

What is Lockheed Martin Corp's Cash from Operating Activities?

Cash from Operating Activities
6.4B USD

What is Lockheed Martin Corp's Cash from Operating Activities growth rate?

Cash from Operating Activities CAGR 10Y
6%

Company

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52 Week Range	410.74 582.43
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Lockheed Martin Corp NYSE:LMT

Lockheed Martin Corp Cash from Operating Activities

Lockheed Martin Corp Cash from Operating Activities Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Lockheed Martin Corp Glance View

See Also

What is Lockheed Martin Corp's Cash from Operating Activities? Cash from Operating Activities 6.4B USD

What is Lockheed Martin Corp's Cash from Operating Activities growth rate? Cash from Operating Activities CAGR 10Y 6%

Company

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Tools

Stocks

Lockheed Martin Corp
NYSE:LMT

Lockheed Martin Corp
Cash from Operating Activities

Lockheed Martin Corp
Cash from Operating Activities Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Lockheed Martin Corp
Glance View

What is Lockheed Martin Corp's Cash from Operating Activities?

Cash from Operating Activities
6.4B USD

What is Lockheed Martin Corp's Cash from Operating Activities growth rate?

Cash from Operating Activities CAGR 10Y
6%