NYSE : LHX
L3Harris Technologies, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 278.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 51.85B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
L3Harris Technologies, Inc. (LHX) reported revenue of 23.33B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 23.33B | 21.86B | 21.32B | 19.42B | 17.06B | 17.81B |
| Cost of Revenue | 17.37B | 16.24B | 15.80B | 14.31B | 12.13B | 12.44B |
| Gross Profit | 5.96B | 5.62B | 5.52B | 5.11B | 4.93B | 5.38B |
| Selling, General & Admin | 2.87B | 2.81B | 2.85B | 2.98B | 2.57B | 3.28B |
| Operating Expenses | 2.87B | 2.81B | 2.85B | 2.98B | 2.57B | 3.28B |
| Operating Income | 3.09B | 2.82B | 2.67B | 2.14B | 2.35B | 2.10B |
| Interest Expense | -524.00M | -597.00M | -675.00M | -543.00M | -279.00M | -265.00M |
| Other Non Operating Income (Expenses) | 75.00M | 19.00M | 10.00M | 924.00M | ||
| EBT Excluding Unusual Items | 2.64B | 2.24B | 2.00B | 1.59B | 2.08B | 2.75B |
| Merger & Restructuring Charges | -125.00M | -224.00M | -369.00M | |||
| Impairment of Goodwill | -85.00M | -85.00M | -14.00M | -296.00M | -802.00M | -62.00M |
| Gain (Loss) on Sale of Investments | -40.00M | |||||
| Gain (Loss) on Sale of Assets | 220.00M | |||||
| Asset Writedown | -24.00M | -78.00M | -145.00M | |||
| Other Unusual Items | -9.00M | -445.00M | ||||
| Pretax Income | 2.42B | 1.93B | 1.60B | 1.22B | 1.27B | 2.28B |
| Income Tax Expense | 380.00M | 326.00M | 85.00M | 23.00M | 212.00M | 440.00M |
| Earnings From Continuing Operations | 2.04B | 1.61B | 1.51B | 1.20B | 1.06B | 1.84B |
| Earnings From Discontinued Operations | -1.00M | |||||
| Net Income to Company | 2.04B | 1.61B | 1.51B | 1.20B | 1.06B | 1.84B |
| Minority Interest in Earnings | -10.00M | 29.00M | 1.00M | 4.00M | ||
| Net Income | 2.04B | 1.61B | 1.50B | 1.23B | 1.06B | 1.85B |
| Preferred Dividends & Other Adjustments | 33.00M | |||||
| Net Income to Common | 2.01B | 1.61B | 1.50B | 1.23B | 1.06B | 1.85B |
| Shares Outstanding (Basic) | 186.50M | 187.40M | 189.80M | 189.60M | 191.80M | 201.30M |
| Shares Outstanding (Diluted) | 187.57M | 188.40M | 190.70M | 190.60M | 193.50M | 203.20M |
| EPS (Basic) | 10.78 | 8.57 | 7.91 | 6.47 | 5.54 | 9.17 |
| EPS (Diluted) | 10.74 | 8.53 | 7.87 | 6.44 | 5.49 | 9.09 |
| Free Cash Flow | 3.64B | 2.68B | 2.15B | 1.65B | 1.91B | 2.35B |
| Free Cash Flow Per Share | 19.41 | 14.24 | 11.28 | 8.64 | 9.85 | 11.54 |
| Dividend Per Share | 4.95 | 4.80 | 4.64 | 4.56 | 4.48 | 4.08 |
| Gross Margin | 25.55% | 25.73% | 25.90% | 26.33% | 28.88% | 30.18% |
| Operating Margin | 13.25% | 12.89% | 12.52% | 11.01% | 13.80% | 11.77% |
| Profit Margin | 8.62% | 7.34% | 7.04% | 6.32% | 6.22% | 10.36% |
| Free Cash Flow Margin | 15.60% | 12.27% | 10.09% | 8.48% | 11.17% | 13.16% |
| EBITDA | 4.24B | 4.04B | 3.96B | 3.30B | 3.29B | 3.06B |
| EBITDA Margin | 18.17% | 18.49% | 18.56% | 17.01% | 19.29% | 17.19% |
| D&A For EBITDA | 1.15B | 1.22B | 1.29B | 1.17B | 938.00M | 967.00M |
| EBIT | 3.09B | 2.82B | 2.67B | 2.14B | 2.35B | 2.10B |
| EBIT Margin | 13.25% | 12.89% | 12.52% | 11.01% | 13.80% | 11.77% |
| Effective Tax Rate | 15.68% | 16.87% | 5.32% | 1.88% | 16.65% | 19.27% |
| Revenue as Reported | 21.86B | 21.86B | 21.32B | 19.42B | 17.06B | 17.81B |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.47B | 1.07B | 615.00M | 560.00M | 880.00M | 941.00M |
| Cash & Short-Term Investments | 3.02B | 1.07B | 615.00M | 560.00M | 880.00M | 941.00M |
| Accounts Receivable | 5.64B | 4.94B | 4.30B | 4.43B | 4.24B | 4.07B |
| Other Receivables | 53.00M | 379.00M | 61.00M | 98.00M | ||
| Receivables | 5.64B | 4.99B | 4.68B | 4.49B | 4.24B | 4.16B |
| Inventory | 1.28B | 1.22B | 1.33B | 1.47B | 1.29B | 982.00M |
| Other Current Assets | 635.00M | 1.31B | 1.59B | 1.54B | 345.00M | 272.00M |
| Total Current Assets | 10.57B | 8.59B | 8.22B | 8.05B | 6.75B | 6.36B |
| Property, Plant & Equipment | 2.83B | 3.38B | 3.49B | 3.60B | 2.86B | 2.87B |
| Long-Term Investments | 548.00M | 170.00M | 117.00M | |||
| Goodwill | 20.00B | 20.01B | 20.32B | 19.98B | 17.28B | 18.19B |
| Other Intangible Assets | 6.39B | 6.51B | 7.64B | 8.54B | 6.00B | 6.64B |
| Long-Term Deferred Tax Assets | 72.00M | 76.00M | 120.00M | 91.00M | 73.00M | 85.00M |
| Long-Term Deferred Charges | 26.00M | |||||
| Other Long-Term Assets | 3.39B | 2.46B | 2.09B | 1.42B | 553.00M | 540.00M |
| Total Assets | 43.81B | 41.20B | 42.00B | 41.69B | 33.52B | 34.71B |
| Accounts Payable | 2.18B | 2.46B | 2.00B | 2.11B | 1.95B | 1.77B |
| Accrued Expenses | 500.00M | 482.00M | 419.00M | 544.00M | 1.09B | 1.33B |
| Short-Term Debt | 515.00M | 1.60B | 2.00M | 2.00M | ||
| Current Portion of Long-Term Debt | 1.81B | 663.00M | 608.00M | 355.00M | 813.00M | 7.00M |
| Current Portion of Leases | 142.00M | 182.00M | 128.00M | 126.00M | 113.00M | |
| Current Income Taxes Payable | 88.00M | 376.00M | 28.00M | |||
| Current Unearned Revenue | 3.11B | 2.26B | 2.14B | 1.90B | 1.40B | 1.30B |
| Other Current Liabilities | 1.24B | 1.22B | 1.76B | 1.28B | 19.00M | 5.00M |
| Total Current Liabilities | 8.84B | 7.23B | 7.63B | 8.00B | 5.78B | 4.55B |
| Long-Term Debt | 8.92B | 10.22B | 10.88B | 10.92B | 6.06B | 6.89B |
| Long-Term Leases | 265.00M | 874.00M | 856.00M | 948.00M | 906.00M | 925.00M |
| Long-Term Unearned Revenue | 79.00M | 108.00M | 91.00M | 94.00M | 117.00M | 107.00M |
| Pension & Post-Retirement Benefits | 614.00M | |||||
| Long-Term Deferred Tax Liabilities | 1.44B | 1.11B | 942.00M | 815.00M | 719.00M | 1.34B |
| Other Long-Term Liabilities | 3.04B | 2.02B | 2.02B | 2.08B | 1.32B | 958.00M |
| Total Liabilities | 22.58B | 21.56B | 22.42B | 22.86B | 14.90B | 15.39B |
| Common Stock | 186.00M | 187.00M | 190.00M | 190.00M | 191.00M | 194.00M |
| Retained Earnings | 5.09B | 4.21B | 3.74B | 3.22B | 2.94B | 2.92B |
| Comprehensive Income & Other | 14.97B | 15.24B | 15.59B | 15.36B | 15.39B | 16.10B |
| Total Common Equity | 20.24B | 19.64B | 19.51B | 18.77B | 18.52B | 19.21B |
| Minority Interest | 987.00M | 65.00M | 64.00M | 101.00M | 106.00M | |
| Shareholders' Equity | 21.23B | 19.64B | 19.58B | 18.83B | 18.62B | 19.32B |
| Total Liabilities & Equity | 43.81B | 41.20B | 42.00B | 41.69B | 33.52B | 34.71B |
| Total Debt | 11.00B | 11.90B | 13.04B | 13.95B | 7.91B | 7.94B |
| Net Cash (Debt) | -7.97B | -10.83B | -12.42B | -13.39B | -7.03B | -7.00B |
| Net Cash Per Share | -42.52 | -57.49 | -65.13 | -70.25 | -36.32 | -34.43 |
| Filing Date Shares Outstanding | 186.20M | 186.78M | 188.31M | 190.11M | 190.09M | 193.07M |
| Total Common Shares Outstanding | 186.14M | 186.84M | 189.79M | 189.81M | 190.61M | 193.51M |
| Working Capital | 1.73B | 1.37B | 585.00M | 51.00M | 978.00M | 1.81B |
| Book Value Per Share | 108.73 | 105.09 | 102.82 | 98.86 | 97.18 | 99.29 |
| Tangible Book Value | -6.15B | -6.88B | -8.45B | -9.75B | -4.76B | -5.62B |
| Tangible Book Value Per Share | -33.03 | -36.84 | -44.52 | -51.39 | -24.98 | -29.02 |
| Land | 140.00M | 182.00M | 184.00M | 78.00M | 79.00M | |
| Buildings | 1.67B | 1.63B | 1.60B | 1.25B | 1.24B | |
| Machinery | 3.17B | 3.03B | 2.82B | 2.32B | 2.18B | |
| Order Backlog | 38.70B | 34.20B | 21.10B |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.04B | 1.61B | 1.50B | 1.23B | 1.06B | 1.85B |
| Depreciation & Amortization | 1.15B | 1.22B | 1.29B | 1.17B | 938.00M | 967.00M |
| Loss (Gain) From Sale of Assets | -220.00M | |||||
| Asset Writedown & Restructuring Costs | 85.00M | 85.00M | 38.00M | 374.00M | 802.00M | 244.00M |
| Stock-Based Compensation | 289.00M | 366.00M | 361.00M | 320.00M | 325.00M | 348.00M |
| Other Operating Activities | -44.00M | -197.00M | -312.00M | -839.00M | -1.06B | -624.00M |
| Change in Accounts Receivable | -595.00M | -780.00M | -66.00M | 186.00M | -187.00M | -603.00M |
| Change in Inventory | 3.00M | 117.00M | 96.00M | -182.00M | -310.00M | -68.00M |
| Change in Accounts Payable | 305.00M | 475.00M | -90.00M | 87.00M | 180.00M | 430.00M |
| Change in Unearned Revenue | 915.00M | 181.00M | 126.00M | 195.00M | 121.00M | 178.00M |
| Change in Income Taxes | 239.00M | 365.00M | -383.00M | -333.00M | 499.00M | 190.00M |
| Change in Other Net Operating Assets | -101.00M | -336.00M | -2.00M | -105.00M | -213.00M | -1.00M |
| Operating Cash Flow | 4.18B | 3.11B | 2.56B | 2.10B | 2.16B | 2.69B |
| Capital Expenditures | -544.00M | -424.00M | -408.00M | -449.00M | -252.00M | -342.00M |
| Sale of Property, Plant & Equipment | 11.00M | 14.00M | 17.00M | |||
| Cash Acquisitions | -6.69B | |||||
| Divestitures | 528.00M | 820.00M | 273.00M | 71.00M | 23.00M | 1.73B |
| Investment in Securities | -550.00M | -14.00M | ||||
| Other Investing Activities | 33.00M | 11.00M | -128.00M | 45.00M | -35.00M | 4.00M |
| Investing Cash Flow | -522.00M | 407.00M | -263.00M | -7.02B | -250.00M | 1.39B |
| Short-Term Debt Issued | 688.00M | 1.80B | ||||
| Long-Term Debt Issued | 2.83B | 7.57B | 4.00M | 6.00M | ||
| Total Debt Issued | -210.00M | 3.52B | 9.37B | 4.00M | 6.00M | |
| Short-Term Debt Repaid | -515.00M | -1.77B | -205.00M | |||
| Long-Term Debt Repaid | -618.00M | -2.62B | -3.17B | -14.00M | -13.00M | |
| Total Debt Repaid | -634.00M | -1.13B | -4.39B | -3.38B | -14.00M | -13.00M |
| Net Debt Issued (Repaid) | -844.00M | -1.13B | -877.00M | 6.00B | -10.00M | -7.00M |
| Issuance of Common Stock | 57.00M | 97.00M | ||||
| Repurchase of Common Stock | -754.00M | -1.15B | -554.00M | -518.00M | -1.08B | -3.68B |
| Common Dividends Paid | -929.00M | -903.00M | -886.00M | -868.00M | -864.00M | -817.00M |
| Other Financing Activities | 994.00M | 108.00M | 93.00M | -17.00M | -51.00M | -6.00M |
| Financing Cash Flow | -1.53B | -3.08B | -2.22B | 4.59B | -1.95B | -4.41B |
| Foreign Exchange Rate Adjustments | 2.00M | 23.00M | -17.00M | 11.00M | -18.00M | -3.00M |
| Net Cash Flow | 2.13B | 454.00M | 55.00M | -320.00M | -61.00M | -335.00M |
| Free Cash Flow | 3.64B | 2.68B | 2.15B | 1.65B | 1.91B | 2.35B |
| Free Cash Flow Margin | 15.60% | 12.27% | 10.09% | 8.48% | 11.17% | 13.16% |
| Free Cash Flow Per Share | 19.41 | 14.24 | 11.28 | 8.64 | 9.85 | 11.54 |
| Levered Free Cash Flow | 3.43B | 2.73B | 2.79B | 1.50B | 2.26B | 2.41B |
| Unlevered Free Cash Flow | 3.76B | 3.10B | 3.21B | 1.84B | 2.43B | 2.57B |
| Cash Interest Paid | 604.00M | 604.00M | 654.00M | 489.00M | 296.00M | 284.00M |
| Cash Income Tax Paid | 55.00M | 55.00M | 102.00M | 715.00M | 309.00M | 358.00M |
| Change in Working Capital | 766.00M | 22.00M | -319.00M | -152.00M | 90.00M | 126.00M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 51.69B | 56.95B | 39.78B | 39.92B | 39.64B | 41.84B |
| Enterprise Value | 59.67B | 68.46B | 52.22B | 53.79B | 46.99B | 48.69B |
| Last Close Price | 277.61 | 300.76 | 203.29 | 200.05 | 192.97 | 193.90 |
| PE Ratio | 25.86 | 35.46 | 26.49 | 32.53 | 37.33 | 22.67 |
| Forward PE | 21.31 | 26.03 | 15.09 | 16.27 | 16.56 | 16.05 |
| PS Ratio | 2.22 | 2.60 | 1.87 | 2.06 | 2.32 | 2.35 |
| PB Ratio | 2.55 | 2.90 | 2.03 | 2.12 | 2.13 | 2.17 |
| P/FCF Ratio | 14.20 | 21.24 | 18.50 | 24.24 | 20.80 | 17.84 |
| P/OCF Ratio | 12.35 | 18.34 | 15.55 | 19.05 | 18.37 | 15.57 |
| PEG Ratio | 1.28 | 2.02 | 1.71 | 3.74 | 4.51 | 2.08 |
| EV/Sales Ratio | 2.56 | 3.13 | 2.45 | 2.77 | 2.75 | 2.73 |
| EV/EBITDA Ratio | 14.07 | 16.93 | 13.19 | 16.28 | 14.28 | 15.89 |
| EV/EBIT Ratio | 19.30 | 24.28 | 19.57 | 25.16 | 19.96 | 23.23 |
| EV/FCF Ratio | 16.39 | 25.52 | 24.28 | 32.66 | 24.66 | 20.76 |
| Debt / Equity Ratio | 0.52 | 0.61 | 0.67 | 0.74 | 0.42 | 0.41 |
| Debt / EBITDA Ratio | 2.49 | 2.82 | 3.16 | 4.02 | 2.27 | 2.44 |
| Debt / FCF Ratio | 3.02 | 4.44 | 6.06 | 8.47 | 4.15 | 3.38 |
| Net Debt / Equity Ratio | 0.38 | 0.55 | 0.63 | 0.71 | 0.38 | 0.36 |
| Net Debt / EBITDA Ratio | 1.88 | 2.68 | 3.14 | 4.05 | 2.13 | 2.28 |
| Net Debt / FCF Ratio | 2.19 | 4.04 | 5.78 | 8.13 | 3.69 | 2.98 |
| Asset Turnover | 0.55 | 0.53 | 0.51 | 0.52 | 0.50 | 0.50 |
| Inventory Turnover | 13.52 | 12.74 | 11.28 | 10.36 | 10.68 | 12.34 |
| Quick Ratio | 0.98 | 0.84 | 0.69 | 0.63 | 0.89 | 1.12 |
| Current Ratio | 1.20 | 1.19 | 1.08 | 1.01 | 1.17 | 1.40 |
| Return on Equity (ROE) | 10.03% | 8.19% | 7.87% | 6.40% | 5.59% | 9.18% |
| Return on Assets (ROA) | 4.56% | 4.23% | 3.99% | 3.55% | 4.31% | 3.66% |
| Return on Invested Capital (ROIC) | 8.76% | 7.50% | 7.87% | 7.25% | 7.55% | 6.30% |
| Return on Capital Employed (ROCE) | 8.80% | 8.30% | 7.80% | 6.30% | 8.50% | 7.00% |
| Earnings Yield | 3.87% | 2.82% | 3.77% | 3.07% | 2.68% | 4.41% |
| FCF Yield | 7.04% | 4.71% | 5.41% | 4.13% | 4.81% | 5.60% |
| Dividend Yield | 1.80% | 1.57% | 2.21% | 2.17% | 2.15% | 1.89% |
| Payout Ratio | 46.57% | 56.23% | 58.99% | 70.74% | 81.36% | 44.26% |
| Buyback Yield / Dilution | 0.82% | 1.21% | -0.05% | 1.50% | 4.77% | 5.88% |
| Total Shareholder Return | 2.62% | 2.78% | 2.16% | 3.67% | 6.93% | 7.77% |