L3Harris Technologies Inc LHX
- Market cap
- $44.5B
- P/E
- 23.9×
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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 0.00% and above the Industrials sector median of 2.43%.
Free cash flow margin, annual
Annual
| 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 |
|---|---|
| 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% |
| GD General Dynamics Corporation compare | 11.8% |
| 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 | 0.00% |
| 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
More on LHX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement