A Business at a Glance
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L3Harris Technologies, Inc. is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs in mind, we deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. We support customers in more than 100 countries, with our largest customers being various departments and agencies of the U.S. Government, their prime contractors and international allies. Our capabilities have defense and civil government applications, as well as commercial applications. Our fiscal year ends on the Friday nearest December 31. The fiscal year ended January 2, 2026 (“fiscal 2025”) included 52 weeks, fiscal year ended January 3, 2025 (“fiscal 2024”) included 53 weeks, and the fiscal year ended December 29, 2023 (“fiscal 2023”) included 52 weeks.
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 15.5B | 15.5B | 21.3B | 21.3B | 19.4B | 17.1B |
| Net Income | 1.6B | 1.6B | 1.5B | 1.5B | 1.2B | 1.1B |
| EPS | $8.53 | $8.53 | $7.87 | $7.87 | $6.44 | $5.49 |
| Free Cash Flow | 2.7B | 2.7B | 2.2B | 2.2B | 1.6B | 1.9B |
| ROIC | 6.0% | 6.1% | 5.0% | 5.8% | 4.5% | 3.9% |
| Gross Margin | 27.3% | 27.3% | 25.9% | 25.9% | 26.3% | 28.9% |
| Debt/Equity | 0.53 | 0.53 | 0.63 | 0.63 | 0.70 | 0.38 |
| Dividends/Share | $4.80 | $4.80 | $4.80 | $4.64 | $4.56 | $4.48 |
| Operating Income | 2.1B | 2.1B | 1.9B | 1.9B | 1.4B | 1.1B |
| Operating Margin | 13.6% | 13.6% | 9.0% | 9.0% | 7.3% | 6.6% |
| ROE | 8.2% | 8.2% | 7.7% | 7.8% | 6.5% | 5.7% |
| Shares Outstanding | 188M | 188M | 191M | 191M | 191M | 193M |
L3HARRIS TECHNOLOGIES, INC. /DE/ passes 4 of 9 quality checks, suggesting mixed fundamentals.
L3HARRIS TECHNOLOGIES, INC. /DE/ trades at 42.0x trailing earnings, compared to its 15-year median P/E of 28.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 24.9x vs a median of 21.7x. The company's 5-year average ROIC is 5.1% with a gross margin of 26.9%. Total shareholder yield (dividends + buybacks) is 3.1%. At current prices, the estimated annualized return to fair value is +1.7%.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a current P/E ratio of 42.0, compared to its historical median P/E of 28.7. The stock is currently considered Expensive based on its historical valuation range.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a 5-year average return on invested capital (ROIC) of 5.1%. This is below average and may indicate limited pricing power.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a market capitalization of $67.4B. It is classified as a large-cap stock.
Yes, L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) pays a dividend with a trailing twelve-month yield of 1.34%. The company also returns capital through share buybacks, with a buyback yield of 1.71%.
Based on historical P/E analysis, L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) appears expensive. The current P/E of 42.0 is 46% above its historical median of 28.7. The estimated fair value CAGR (P/E method) is 1.3%.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) operates in the Search, Detection, Navigation, Guidance, Aeronautical Sys industry, within the Technology sector.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) reported annual revenue of $15.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a net profit margin of 10.4%. This is a healthy margin.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) generated $2.7 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a debt-to-equity ratio of 0.53. This indicates moderate leverage.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) reported earnings per share (EPS) of $8.53 in its most recent fiscal year.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a return on equity (ROE) of 8.2%. This indicates moderate shareholder returns.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a 5-year average gross margin of 26.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) has a book value per share of $104.29, based on its most recent annual SEC filing.
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