LHX · L3harris Technologies, Inc. /De/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.74B | $5.66B | $5.43B | $5.13B | $5.29B | $5.30B | $5.21B | - | $4.92B | $4.69B |
| Cost of Revenue | $4.34B | $4.17B | $4.09B | $3.78B | $3.87B | $3.94B | $3.86B | - | $3.61B | $3.48B |
| Gross Profit | $1.40B | $1.49B | $1.33B | $1.35B | $1.42B | $1.36B | $1.35B | - | $1.31B | $1.22B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $750.00M | $873.00M | $764.00M | $825.00M | $924.00M | $884.00M | $970.00M | - | $828.00M | $783.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $282.00M | $309.00M | $303.00M | $301.00M | - | - | $103.00M | - | - | - |
| Operating Income | $652.00M | $621.00M | $571.00M | $525.00M | $479.00M | $400.00M | $378.00M | - | $400.00M | $372.00M |
| Interest Expense | - | - | - | - | $166.00M | - | - | - | - | - |
| Income Tax | $77.00M | $105.00M | $66.00M | $73.00M | $26.00M | $23.00M | $5.00M | - | $18.00M | $21.00M |
| Net Income | $512.00M | $462.00M | $458.00M | $386.00M | $400.00M | $366.00M | $283.00M | - | $383.00M | $349.00M |
| EPS - Basic | $2.74 | $2.47 | $2.45 | $2.05 | $2.11 | $1.93 | $1.49 | - | $2.02 | $1.84 |
| EPS - Diluted | $2.72 | $2.46 | $2.44 | $2.04 | $2.10 | $1.92 | $1.48 | - | ($1.56) | $1.83 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $590.00M | $339.00M | $482.00M | $517.00M | $539.00M | $547.00M | $477.00M | $560.00M | $499.00M | $366.00M |
| Accounts Receivable | $1.91B | $1.53B | $1.44B | $1.50B | $1.04B | $1.23B | $1.21B | $1.23B | $1.38B | $1.38B |
| Inventory | $1.23B | $1.29B | $1.26B | $1.25B | $1.40B | $1.43B | $1.48B | $1.47B | $1.64B | $1.55B |
| Accounts Payable | $1.93B | $1.90B | $2.03B | $2.05B | $2.05B | $1.90B | $2.11B | $2.11B | $2.11B | $2.03B |
| Current Assets | $8.89B | $7.59B | $7.61B | $7.60B | $8.30B | $8.05B | $8.27B | $8.05B | $7.50B | $6.85B |
| Total Assets | $41.38B | $41.01B | $41.24B | $41.25B | $41.89B | $41.66B | $41.82B | $41.69B | $42.29B | $35.36B |
| Current Liabilities | $8.60B | $6.64B | $7.32B | $7.45B | $7.97B | $8.98B | $8.44B | $8.00B | $8.48B | $6.31B |
| Long-term Debt | $9.19B | $11.00B | $10.98B | $10.98B | $11.09B | $10.53B | $11.14B | $11.16B | $11.14B | $7.87B |
| Total Liabilities | $21.70B | $21.48B | $21.96B | $22.12B | $22.83B | $22.75B | $23.09B | $22.86B | $23.58B | $16.83B |
| Stockholders' Equity | $19.68B | $19.53B | $19.28B | $19.13B | $19.00B | $18.84B | $18.67B | $18.77B | $18.62B | $18.43B |
| Retained Earnings | $4.42B | $4.17B | $3.97B | $3.79B | $3.52B | $3.37B | $3.24B | $3.22B | $3.28B | $3.11B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($95.00M) | - | - | ($42.00M) | - | - | ($104.00M) | - | - | - |
| Investing Cash Flow | ($97.00M) | - | - | $744.00M | - | - | ($116.00M) | - | - | - |
| Financing Cash Flow | ($284.00M) | - | - | ($805.00M) | - | - | $144.00M | - | - | - |
| CapEx | $99.00M | - | - | $59.00M | - | - | $115.00M | - | - | - |
| Free Cash Flow | ($194.00M) | - | - | ($101.00M) | - | - | ($219.00M) | - | - | - |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 24.4% | 26.4% | 24.6% | 26.3% | 26.8% | 25.7% | 25.9% | - | 26.6% | 25.9% |
| Operating margin | 11.4% | 11.0% | 10.5% | 10.2% | 9.1% | 7.5% | 7.3% | - | 8.1% | 7.9% |
| EBITDA margin | 16.3% | 16.4% | 16.1% | 16.1% | - | - | 9.2% | - | - | - |
| Net margin | 8.9% | 8.2% | 8.4% | 7.5% | 7.6% | 6.9% | 5.4% | - | 7.8% | 7.4% |
| Free cash flow margin | -3.4% | - | - | -2.0% | - | - | -4.2% | - | - | - |
| FCF / Net income | -0.38 | - | - | -0.26 | - | - | -0.77 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.1% | 15.4% | 14.1% | 16.1% | 17.5% | 16.7% | 18.6% | - | 16.8% | 16.7% |
| Effective tax rate | 13.1% | 18.5% | 12.6% | 15.9% | 6.1% | 5.9% | 1.7% | - | 4.5% | 5.7% |
| Return on assets | 1.2% | 1.1% | 1.1% | 0.9% | 1.0% | 0.9% | 0.7% | - | 0.9% | 1.0% |
| Return on equity | 2.6% | 2.4% | 2.4% | 2.0% | 2.1% | 1.9% | 1.5% | - | 2.1% | 1.9% |
| Return on invested capital | 2.0% | 1.7% | 1.6% | 1.5% | 1.5% | 1.3% | 1.2% | - | 1.3% | 1.3% |
| Liquidity | ||||||||||
| Current ratio | 1.03 | 1.14 | 1.04 | 1.02 | 1.04 | 0.90 | 0.98 | 1.01 | 0.88 | 1.09 |
| Quick ratio | 0.89 | 0.95 | 0.87 | 0.85 | 0.87 | 0.74 | 0.80 | 0.82 | 0.69 | 0.84 |
| Cash ratio | 0.07 | 0.05 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 |
| Leverage | ||||||||||
| Debt / Equity | 0.47 | 0.56 | 0.57 | 0.57 | 0.58 | 0.56 | 0.60 | 0.59 | 0.60 | 0.43 |
| Debt / Assets | 0.22 | 0.27 | 0.27 | 0.27 | 0.26 | 0.25 | 0.27 | 0.27 | 0.26 | 0.22 |
| Debt / EBITDA | 9.84 | 11.82 | 12.56 | 13.29 | - | - | 23.16 | - | - | - |
| Interest coverage | - | - | - | - | 2.9x | - | - | - | - | - |
| Equity multiplier | 2.10 | 2.10 | 2.14 | 2.16 | 2.20 | 2.21 | 2.24 | 2.22 | 2.27 | 1.92 |
| Liabilities / Assets | 0.52 | 0.52 | 0.53 | 0.54 | 0.54 | 0.55 | 0.55 | 0.55 | 0.56 | 0.48 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | 0.14 | 0.13 | 0.12 | 0.13 | 0.13 | 0.12 | - | 0.12 | 0.13 |
| Inventory turnover | 3.52 | 3.23 | 3.25 | 3.02 | 2.77 | 2.75 | 2.62 | - | 2.20 | 2.24 |
| Days sales outstanding | 121d | 99d | 97d | 107d | 72d | 85d | 85d | - | 103d | 108d |
| Days inventory outstanding | 104d | 113d | 112d | 121d | 132d | 133d | 139d | - | 166d | 163d |
| Days payable outstanding | 162d | 167d | 181d | 198d | 193d | 176d | 200d | - | 214d | 213d |
| Cash conversion cycle | 63d | 45d | 28d | 30d | 11d | 42d | 25d | - | 55d | 58d |
| Valuation | ||||||||||
| P / E | 130.9x | 120.9x | 101.2x | 101.8x | 111.9x | 117.0x | 144.0x | - | - | 107.0x |
| P / B | 3.4x | 2.9x | 2.4x | 2.1x | 2.4x | 2.3x | 2.2x | - | 1.8x | 2.0x |
| P / S | 11.7x | 9.9x | 8.5x | 7.7x | 8.5x | 8.1x | 7.8x | - | 6.7x | 7.9x |
| EV / EBITDA | 80.9x | 71.6x | 65.1x | 60.2x | - | - | 106.7x | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.9% | 6.9% | 2.4% | -1.5% | 7.7% | 12.9% | 16.6% | - | 15.8% | 13.5% |
| Revenue CAGR (3y) | 8.7% | 10.0% | 9.5% | 7.7% | 7.8% | 4.3% | 4.5% | - | 3.3% | 36.0% |
| Revenue CAGR (5y) | 4.7% | 4.9% | 23.8% | 2.1% | 25.1% | 28.1% | 27.6% | - | 25.7% | 25.0% |
| Gross profit growth (YoY) | 3.9% | 5.3% | -1.8% | 0.1% | 8.6% | 11.8% | 15.6% | - | 9.5% | -0.9% |
| Operating income growth (YoY) | 24.2% | 29.6% | 42.8% | 38.9% | 19.8% | 7.5% | 1.3% | - | - | -29.1% |
| Net income growth (YoY) | 32.6% | 15.5% | 25.1% | 36.4% | 4.4% | 4.9% | -16.0% | - | - | -25.9% |
| EPS growth (YoY) | 33.3% | 17.1% | 27.1% | 37.8% | - | 4.9% | -15.9% | - | - | -24.4% |
| EPS CAGR (3y) | 15.6% | - | 0.3% | -5.8% | -4.2% | -1.5% | -13.0% | - | - | -6.0% |
| EPS CAGR (5y) | 3.9% | 4.4% | 2.1% | 15.6% | 0.8% | 0.5% | -3.5% | - | - | 9.7% |
| FCF growth (YoY) | -92.1% | - | - | 53.9% | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.9% | 2.8% | 2.3% | 2.5% | 2.1% | 2.2% | 2.0% | 1.3% | 1.5% | -3.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-02.
Business segments
$22.09B totalSpace And Airborne Systems Segment$6.95B · 31.4%
Integrated Mission Systems Segment$6.63B · 30.0%
Communication Systems Segment$5.67B · 25.7%
Aerojet Rocketdyne Segment$2.85B · 12.9%
Product / service
$21.86B totalProduct$15.49B · 70.8%
Service$6.38B · 29.2%
Geographic
$5.61B totalUS$3.61B · 64.3%
Non Us$2.00B · 35.7%
Peer comparison
Same SIC group: Search, Detection, Navigation, Guidance, Aeronautical Sys
Comparing L3HARRIS TECHNOLOGIES against the 5 most active filers in the same SIC group.
Dividends
$3.65/share trailing 12 months · -22.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 6, 2026 | $1.2500 |
| Nov 17, 2025 | $1.2000 |
| Sep 5, 2025 | $1.2000 |
| Jun 3, 2025 | $1.2000 |
| Mar 10, 2025 | $1.2000 |
| Nov 18, 2024 | $1.1600 |
| Sep 6, 2024 | $1.1600 |
| Jun 4, 2024 | $1.1600 |
| Mar 7, 2024 | $1.1600 |
| Nov 16, 2023 | $1.1400 |
| Sep 1, 2023 | $1.1400 |
| Jun 1, 2023 | $1.1400 |
| Mar 9, 2023 | $1.1400 |
| Nov 17, 2022 | $1.1200 |
| Sep 1, 2022 | $1.1200 |
| Jun 2, 2022 | $1.1200 |
| Mar 10, 2022 | $1.1200 |
| Nov 18, 2021 | $1.0200 |
| Sep 2, 2021 | $1.0200 |
| May 28, 2021 | $1.0200 |
| Mar 11, 2021 | $1.0200 |
| Nov 19, 2020 | $0.8500 |
| Sep 8, 2020 | $0.8500 |
| Jun 1, 2020 | $0.8500 |