LHX

L3Harris Technologies
D

LHX

Arincen77/100B

If you had invested in L3Harris Technologies ago, it would be worth $3,175 today, against $4,081 in SPY and $6,291 in QQQ.

ArincenArincen ScoreBeta

77/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

L3Harris Technologies key facts

Style
Value stock · 7.7/10Growth 4.4 · Value 7.7 · Dividend 5.7
Day range
268.60 – 272.92
52-week range
232.34 – 379.23
Market capitalization
50.73B USD
P/E
25.27
PEG ratio
1.73
EPS
10.78
Div Yield
1.84%
EPS growth forecast (FY2027)
+13.7%
Volume
27,049
Beta
0.75
ESG score
64.8/100Environment 64 · Social 61 · Governance 70
Sector
Industrials
Industry
Aerospace & Defense
CEO
Sam Mehta
Employees
45K
IPO date
31 Dec 1981

L3Harris Technologies earnings

Next earnings · Q4 FY2027
EPS estimate
3.20 USD
Revenue estimate
5.97B USD
Last quarter · Q3 FY2027
EPS3.28Beat +11.2%Revenue6.06BBeat +2.4%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20293.59——+16.80%6.56B——+8.48%
Q4 FY20283.68——+15.00%6.56B——+9.82%
Q1 FY20283.07——+13.00%6.04B——+5.23%
Q4 FY20273.20——+11.89%5.97B——+5.70%
Q3 FY20272.953.28+11.19%+21.48%5.92B6.06B+2.35%+7.09%
Q2 FY20272.803.13+11.79%+12.59%5.81B5.88B+1.20%+8.39%
Q1 FY20272.532.72+7.51%+12.86%5.42B5.74B+6.05%+11.93%
Q4 FY20262.762.86+3.62%-17.58%5.77B5.65B-2.12%+2.26%
Q3 FY20262.582.70+4.65%-19.16%5.52B5.66B+2.44%+6.93%
Q2 FY20262.482.78+12.10%-14.20%5.31B5.43B+2.10%+2.40%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

L3Harris Technologies analyst forecast

12-month price target
337.00 USD
+23.70%

Analysts' 1-year price targets range from 293.00 to 375.00, with an average of 337.00.

Past year
1-year forecast
Strong sellStrong buy
Buy
11 ratings
Buy
8
Hold
3
Sell
0

12-month price target

Highest target375.00
Average target337.00
Lowest target293.00
Current price272.43

L3Harris Technologies valuation

Price to earnings ratio (TTM)
25.27
Forward P/E (FY2027)
22.28
Price to sales (TTM)
1.28
Price to book
2.51
EV / EBITDA (TTM)
14.33

Capital structure

Market capitalization
50.73B USD
+
Total debt
11.00B USD
−
Cash and short-term investments
3.02B USD
=
Enterprise value
58.70B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)17.35————
FY2028 (est.)20.0117.35———
FY2027 (est.)22.2820.01———
Now (TTM)25.2720.291.282.5114.33
FY202535.5324.902.612.9117.92
FY202426.5219.701.872.0414.65
FY202332.5516.122.062.1318.20
FY202237.5816.862.342.1618.81
FY202123.2516.562.412.2314.17

L3Harris Technologies against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Honeywell Aerospace, HEICO, TransDigm Group, Axon Enterprise, Northrop Grumman, and Howmet Aerospace, the US Aerospace & Defense companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median25.3
    21.248.0
  • Gross marginLowest in 5 years25.7%
    25.7%30.2%
    Against its peers: 6 of 7Peers' median 37.3%
  • Operating marginAbove its median9.8%
    6.6%11.8%
    Against its peers: 6 of 7Peers' median 20.7%
  • Net marginAbove its median7.3%
    6.2%10.4%
    Against its peers: 6 of 7Peers' median 12.8%
  • Return on equityAbove its median8.2%
    5.7%9.6%
    Against its peers: 5 of 6Peers' median 21.2%
  • Free cash flow marginAbove its median12.3%
    8.5%13.2%
    Against its peers: 5 of 7Peers' median 17.9%
  • Revenue growthAt its median2.5%
    -4.2%13.8%
    Against its peers: 6 of 7Peers' median 12.0%
  • EPS growthBelow its median8.4%
    -39.5%75.3%
    Against its peers: 4 of 7Peers' median 13.9%
  • Debt to EBITDABelow its median3.00×
    2.23×4.76×
    Against its peers: 5 of 7Peers' median 2.27×
  • Current ratioAbove its median1.19
    0.991.40
    Against its peers: 6 of 7Peers' median 2.33

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

L3Harris Technologies growth and profitability

Revenue (TTM)
39.55B USD
Net income (TTM)
2.04B USD
Gross margin
15.07%
Operating margin
6.21%
Net margin
5.17%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202521.87B+2.53%1.61B+6.92%25.73%9.83%7.35%3.75B+5.39%
FY202421.33B+9.82%1.50B+22.41%25.90%9.45%7.04%3.56B+21.54%
FY202319.42B+13.81%1.23B+15.54%26.33%7.34%6.32%2.93B+17.67%
FY202217.06B-4.22%1.06B-42.47%28.88%6.61%6.22%2.49B-29.16%
FY202117.81B-2.09%1.85B+64.97%30.18%11.84%10.36%3.52B+34.78%

L3Harris Technologies revenue breakdown

By product

FY2025
Space and Airborne Systems: 31.4%Integrated Mission Systems: 30.0%Communication Systems: 25.7%Aerojet Rocketdyne: 12.9%31.4%Space and Airborne Systems30.0%Integrated Mission Systems25.7%Communication Systems12.9%Aerojet Rocketdyne
SegmentRevenueShare of revenueChange on the year
Space and Airborne Systems6.95B31.4%+1.1%
Integrated Mission Systems6.63B30.0%-3.1%
Communication Systems5.67B25.7%+3.9%
Aerojet Rocketdyne2.85B12.9%+21.2%

By region

FY2025
Communication Systems: 41.6%Integrated Mission Systems: 35.4%Space and Airborne Systems: 17.4%Aerojet Rocketdyne: 5.7%41.6%Communication Systems35.4%Integrated Mission Systems17.4%Space and Airborne Systems5.7%Aerojet Rocketdyne
RegionRevenueShare of revenueChange on the year
Communication Systems2.00B41.6%—
Integrated Mission Systems1.70B35.4%—
Space and Airborne Systems837.00M17.4%—
Aerojet Rocketdyne272.00M5.7%—

How L3Harris Technologies makes its money

Revenue21.87B 100.0%
Cost of revenue16.24B 74.3%
Gross profit5.63B 25.7%
Research and development536.00M 2.5%
Selling and administration2.23B 10.2%
Other operating expenses707.00M 3.2%
Operating income2.15B 9.8%
Tax326.00M 1.5%
Other expense218.00M 1.0%
Net income1.61B 7.3%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

L3Harris Technologies dividends

Annual dividend
5.00 USD
Dividend yield (indicated)
1.84%
Payout ratio
57.51%
Years of dividend growth
25
Frequency
Quarterly
Next payment
1.25 USD
Next ex-dividend date
4 Dec 2026
Next payment date
18 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share4.804.644.564.484.083.402.872.512.202.06

L3Harris Technologies financial health

Cash and short-term investments
3.02B USD
Total debt
11.00B USD
Net cash
-7.98B USD
Free cash flow (TTM)
3.64B USD
Current ratio
1.20
Debt to equity
0.54
Piotroski score
9 / 9
Altman Z-score
2.33

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.07B11.25B2.68B
FY2024615.00M12.98B2.15B
FY2023560.00M13.95B1.65B
FY2022880.00M7.79B1.91B
FY2021941.00M7.83B2.35B

L3Harris Technologies ownership

Institutions
88.27%
Institutional holders
1,746 (-44)
Free float
99.58%

Who owns the shares

Institutions 88.3% Others 11.7%
As of 30 Jun 2026

Shares free to trade

Free float 185.42M shares ·99.6% Closely held 781.11K shares ·0.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202600919.050.00
Q3 20260086.06K0.00
Q2 20260137.61K7.19K
Q1 202605228.16K93.46K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025187.40M188.40M-1.21%
FY2024189.80M190.70M+0.05%
FY2023189.60M190.60M-1.50%
FY2022191.80M193.50M-4.77%
FY2021201.30M203.20M-5.88%

Source: Financial Modeling Prep

Related Instruments

Title: L3Harris Technologies

Sector: Industrials
Industry: Aerospace & Defense
In addition to its legacy software-defined radio franchise, L3Harris Technologies has, through a series of acquisitions, established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solidrocket motors. It is also adept at refitting civilian aircraft for military use, provides military and commercial training services, and maintains the US Federal Aviation Administration's communication infrastructure.

Common questions about L3Harris Technologies stock