LHX

L3Harris Technologies
D

LHX

Arincen77/100B

L3Harris Technologies financials

Yes. L3Harris Technologies earned 2.04B USD of net income over the last twelve months, 5.2% of its revenue. It made a profit in 40 of its 40 fiscal years since 1985.

Revenue (TTM)
39.55B USD
Net income (TTM)
2.04B USD
Free cash flow (TTM)
3.64B USD
Cash and short-term investments
3.02B USD
Total debt
11.00B USD
Shareholders' equity
20.24B USD

Cash, debt and equity as of 2 Oct 2026.

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%

L3Harris Technologies growth and profitability

Full income statement
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%

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 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%—

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY20253.11B2.68B
FY20242.56B2.15B
FY20232.10B1.65B
FY20222.16B1.91B
FY20212.69B2.35B
FY20202.79B2.42B
FY20181.19B1.02B
FY2017751.00M615.00M
FY2016569.00M450.00M
FY2015924.00M772.00M

L3Harris Technologies financial health

Full balance sheet
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

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY202541.20B21.56B19.64B
FY202442.00B22.42B19.51B
FY202341.69B22.86B18.77B
FY202233.52B14.90B18.52B
FY202134.71B15.39B19.21B
FY202036.96B16.12B20.72B
FY201810.12B6.75B3.36B
FY20179.86B6.86B2.99B
FY201610.09B7.16B2.93B
FY201512.01B8.95B3.06B

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 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 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%

Common questions about L3Harris Technologies's financials

Source: Financial Modeling Prep