L3Harris Technologies Inc

LHX Industrials Aerospace & Defense

L3Harris Technologies Inc’s revenue for fiscal 2025 (year ended December 2025) was $21.9 billion, up 2.53% from fiscal 2024. 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.

278.07 0.36 −0.13%
Market cap
$51.9B
P/E
27.9×
Fwd P/E
21.3×
Dividend yield
1.78%
F-score
8/9
Altman Z
2.42
Beneish M
−2.65
Dividend safety
71/100

L3Harris Technologies Inc (LHX) Operating margin

Alert me on Operating margin

L3Harris Technologies Inc's operating margin over the twelve months to 30 June 2026 was 10.5%, up 0.4 percentage points from fiscal 2025 (10.0%). Over the past ten years it has ranged from 0.00% (fiscal 2017) to 37.9% (fiscal 2018); the current reading is higher than 33% of that period. That is above the Aerospace & Defense industry median of 2.45% and above the Industrials sector median of 5.16%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 10.0% 0.87
FY2024 9.17% (0.10)
FY2023 9.27% (2.04)
FY2022 11.3% (0.46)
FY2021 11.8% 0.82
FY2020 11.0% (13.45)
FY2019 24.4% 8.34
FY2019 16.1% (21.86)
FY2018 37.9% 23.00
FY2018 14.9% 14.92

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 11.1% (0.23)
Mar 2026 11.4% 2.89
Dec 2025 8.46% (2.51)
Sep 2025 11.0% 0.45
38 more quarters

Against its own ten years

Low 0.00% High 37.9%
Ten-year median 11.8%
Current reading's percentile 44

Operating margin against peers

Company Operating margin
TDG Transdigm Group Incorporated compare 46.0%
HEI.A Heico Corporation compare 24.0%
HEI Heico Corporation compare 24.0%
NOC Northrop Grumman Corporation compare 10.7%
LHX L3Harris Technologies Inc 10.5%
ESLT Elbit Systems Ltd. compare 9.22%
AXON Axon Enterprise, Inc compare 0.74%
RKLB Rocket Lab Corporation compare −29.1%
HONA Honeywell Aerospace inc. compare —
Aerospace & Defense industry median 2.45%
Industrials sector median 5.16%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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