L3Harris Technologies Inc
LHX Industrials Aerospace & Defense
In the quarter to June 2026, revenue grew 8.39%, EPS grew 28.6%, free cash flow grew 37.4% and total debt fell 1.06%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three.
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L3Harris Technologies Inc (LHX) Free cash flow margin
L3Harris Technologies Inc's free cash flow margin over the twelve months to 30 June 2026 was 12.2%, down 0.0 percentage points from fiscal 2025 (12.3%). Over the past ten years it has ranged from 5.07% (fiscal 2019) to 22.9% (fiscal 2021); the current reading is higher than 60% of that period. That is above the Aerospace & Defense industry median of 1.43% and above the Industrials sector median of 2.43%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 12.3% | 2.18 |
| FY2024 | 10.1% | 1.61 |
| FY2023 | 8.48% | (2.77) |
| FY2022 | 11.3% | (11.66) |
| FY2021 | 22.9% | 9.10 |
| FY2020 | 13.8% | 8.74 |
| FY2019 | 5.07% | (9.99) |
| FY2019 | 15.1% | 2.91 |
| FY2018 | 12.2% | 2.18 |
| FY2018 | 9.97% | 0.33 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| HWM Howmet Aerospace Inc. compare | 22.1% |
| HEI Heico Corporation compare | 19.9% |
| HEI.A Heico Corporation compare | 19.9% |
| TDG Transdigm Group Incorporated compare | 19.3% |
| LHX L3Harris Technologies Inc | 12.2% |
| NOC Northrop Grumman Corporation compare | 8.50% |
| ESLT Elbit Systems Ltd. compare | 8.00% |
| AXON Axon Enterprise, Inc compare | 4.14% |
| RKLB Rocket Lab Corporation compare | −48.1% |
| Aerospace & Defense industry median | 1.43% |
| Industrials sector median | 2.43% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
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- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
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- Book value per share
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