L3Harris Technologies, Inc. (LHX)

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, such as helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

Symbol: LHX
Exchange: NYSE
Sector: Industrials
Industry: Aerospace & Defense
Market cap: $44.04B
52 week range: 234.01 - 379.23

Valuation

Share price: $236.60 (close of 2026-10-02)
P/E (TTM): 23.76x
Price to book: 2.22x
Price to free cash flow: 15.69x
Enterprise value: $53.52B
Book value per share: $106.80

Price performance

Period	Change
1 day	-0.76%
5 days	-0.46%
1 month	-9.46%
3 months	-21.67%
6 months	-33.54%
Year to date	-19.41%
1 year	-20.09%
3 years	+37.91%
5 years	+7.80%
10 years	+158.27%
All time	+2336.66%

Members of Congress who disclosed LHX trades

Richard McCormick · Julie Johnson · Markwayne Mullin · Ritchie Torres · Alan Armstrong · Gilbert Ray Cisneros · Greg Landsman · Tim Walberg · Val Hoyle

Super investors holding LHX

Yacktman Asset Mgmt (Yacktman Asset Management LP) · Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Robert Olstein (Olstein Capital Management) · Mairs & Power (Mairs & Power Inc)

Profitability and growth

Return on equity: 8.18%
Return on invested capital: 6.01%
Return on assets: 3.90%
Return on capital employed: 6.21%
Net income growth: 6.92%
Free cash flow growth: 24.69%

Cash flow and balance sheet

Free cash flow yield (TTM): 6.38%
Current ratio: 1.18x
Net debt to EBITDA: 2.37x

Latest reported year

Period end: 2026-01-02
Fiscal year: 2026
EBITDA: $3.33B
Net income: $1.61B
Earnings per share: $8.57
Shares outstanding: 187.40M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-01-02	-	-	$1.61B	$8.57
2025-01-03	$21.32B	$5.52B	$1.50B	$7.91
2023-12-29	$19.42B	$5.11B	$1.23B	$6.47
2022-12-30	$17.06B	$4.93B	$1.06B	$5.54
2021-12-31	$17.81B	$5.38B	$1.85B	$9.17
2021-01-01	$18.19B	$3.89B	$1.12B	$5.23
2020-01-03	$12.86B	$3.77B	$1.33B	$8.04
2019-06-28	$6.80B	$2.33B	$949.00M	$8.03
2018-06-29	$6.17B	$2.10B	$699.00M	$5.88
2017-06-30	$5.90B	$2.04B	$543.00M	$4.42

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-01-02	-	-	8.18%	6.01%
2025-01-03	25.90%	7.04%	7.67%	5.88%
2023-12-29	26.33%	6.32%	6.52%	4.47%
2022-12-30	28.88%	6.22%	5.70%	3.69%
2021-12-31	30.18%	10.36%	9.56%	6.31%
2021-01-01	21.37%	6.15%	5.37%	7.04%
2020-01-03	29.31%	10.37%	5.86%	-
2019-06-28	34.32%	13.95%	28.22%	22.57%
2018-06-29	34.08%	11.33%	21.32%	14.14%
2017-06-30	34.64%	9.21%	18.70%	12.75%

Cash and debt by year

Period end	Cash	Debt
2026-01-02	$1.07B	$10.44B
2025-01-03	$615.00M	$11.08B
2023-12-29	$560.00M	$11.16B
2022-12-30	$880.00M	$6.22B
2021-12-31	$941.00M	$7.05B
2021-01-01	$1.28B	$6.94B
2020-01-03	$824.00M	$6.69B
2019-06-28	$530.00M	$2.76B
2018-06-29	$288.00M	$3.41B
2017-06-30	$484.00M	$3.40B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-01-02	$2.68B	$113.00M
2025-01-03	$2.15B	$97.00M
2023-12-29	$1.65B	$89.00M
2022-12-30	$1.91B	$109.00M
2021-12-31	$2.35B	$129.00M
2021-01-01	$2.42B	$94.00M
2019-06-28	$1.02B	$58.00M
2018-06-29	$615.00M	$51.00M
2017-06-30	$450.00M	$42.00M
2016-07-01	$772.00M	$39.00M

Dividend history

Most recent payment: 2026-09-04
Paid in the last twelve months: $4.95

Payment date	Dividend per share
2026-09-04	$1.25
2026-06-05	$1.25
2026-03-06	$1.25
2025-11-17	$1.20
2025-09-05	$1.20
2025-06-03	$1.20
2025-03-10	$1.20
2024-11-18	$1.16

Investor relations

Next earnings report

Next confirmed report: 2026-10-29
Consensus EPS estimate: $3.06

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-29	Jun/2026	$2.80
2026-04-30	Mar/2026	$2.53
2026-01-29	Dec/2025	$2.76
2025-10-30	Sep/2025	$2.56
2025-07-24	Jun/2025	$2.48
2025-04-24	Mar/2025	$2.32
2025-01-30	Dec/2024	$3.43
2024-10-24	Sep/2024	$3.27

Filings and sources

Company website: l3harris.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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