L3Harris Technologies IncL3Harris Technologies Inc
L3Harris Technologies Inc

L3Harris Technologies Inc

LHX
Industrials·Aerospace & Defense

L3Harris Technologies, Inc. engages in the provision of defense and commercial technologies across the air, land, sea, space, and cyber domains. It operates through the following segments: Communication Systems, Integrated Mission Systems, Space and Airborne Systems, and Aerojet Rocketdyne. The Communication Systems segment enables warfighters across all domains with solutions critical to mission success even in the most contested environments. The Integrated Mission Systems segment focuses on the differentiated mission capabilities and prime systems integration for the air, land, and sea domains. The Space and Airborne Systems segment provides full mission solutions as a prime and subsystem integrator in the space, airborne, and cyber domains. The Aerojet Rocketdyne segment includes propulsion, power and armament products and systems to U.S. government, including the DoD, National Aeronautics and Space Administration (“NASA”) and major aerospace and defense prime contractors. The company was founded in 1890 and is headquartered in Melbourne, FL.

Florida; U.S.A
Market cap
$44.1BNo data
Revenue
$21.9B+2.5% YoY
Net income
$1.6B+6.9% YoY
Free cash flow
$2.7B+24.7% YoY

Market

Listed stock
Tokenized stocks
LHXPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$21.9B+2.5% YoY
Operating income
$2.1B+10.0% YoY
Net income
$1.6B+6.9% YoY
Free cash flow
$2.7B+24.7% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $17.8B, 2022 $17.1B, 2023 $19.4B, 2025 $21.3B, 2026 $21.9B. Operating income: 2021 $3.3B, 2022 $1.8B, 2023 $1.4B, 2025 $1.9B, 2026 $2.1B. Net income: 2021 $1.8B, 2022 $1.1B, 2023 $1.2B, 2025 $1.5B, 2026 $1.6B. Free cash flow: 2021 $2.3B, 2022 $1.9B, 2023 $1.6B, 2025 $2.2B, 2026 $2.7B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
2.5%−728 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $3.3B, 2022-12-30 $1.8B, 2023-12-29 $1.4B, 2025-01-03 $1.9B, 2026-01-02 $2.1B. Net income: 2021-12-31 $1.8B, 2022-12-30 $1.1B, 2023-12-29 $1.2B, 2025-01-03 $1.5B, 2026-01-02 $1.6B. Free cash flow: 2021-12-31 $2.3B, 2022-12-30 $1.9B, 2023-12-29 $1.6B, 2025-01-03 $2.2B, 2026-01-02 $2.7B

Growth heatmap

2022202320252026CAGR
Revenue
-4.2%
+13.8%
+9.8%
+2.5%
+5.2%
Gross profit
-8.4%
+3.8%
+8.0%
+1.8%
+1.1%
Operating income
-45.4%
-21.9%
+34.5%
+10.0%
-10.8%
Free cash flow
-18.7%
-13.6%
+30.6%
+24.7%
+3.4%

Earnings quality

Operating cash flow
$3.1B+21.4% YoY
Net income
$1.6B+6.9% YoY
Free cash flow
$2.7B+24.7% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-01-02 193%, 2025-01-03 170%, 2023-12-29 171%, 2022-12-30 203%, 2021-12-31 146%. Free cash flow: 2026-01-02 167%, 2025-01-03 143%, 2023-12-29 134%, 2022-12-30 179%, 2021-12-31 127%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
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Free cash flow yield
No data
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