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Friday 6 November 2026 Export LHX’s income statement to Excel — free account

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.

Revenue
+7.09%
EPS
+37.5%
Free cash flow
+198.1%
Total debt
−0.01%

Quarter to September 2026, against a year earlier

261.46 3.35 +1.30%
Market cap
$48.1B
P/E
23.8×
Fwd P/E
22.5×
Dividend yield
1.91%
F-score
8/9
Altman Z
2.42
Beneish M
−2.65
Dividend safety
71/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

L3Harris Technologies Inc (LHX) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, L3Harris Technologies Inc (LHX) trades at a P/B ratio of 2.4×. Over the past ten years it has ranged from 1.5× (March 2020) to 7.6× (September 2019); the current reading is higher than 44% of that period. That is below the Aerospace & Defense industry median of 2.7× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.8× 37.45%
FY2024 2.0× (3.50%)
FY2023 2.1× (0.88%)
FY2022 2.1× (4.09%)
FY2021 2.2× 14.48%
FY2020 1.9× 0.22%
FY2019 1.9× (69.10%)
FY2019 6.3× 34.92%
FY2018 4.6× (11.90%)
FY2018 5.3× (6.24%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.2× (20.00%)
Jun 2026 2.7× (16.93%)
Mar 2026 3.3× 16.92%
Dec 2025 2.8× (4.23%)
39 more quarters

Against its own ten years

Low 1.5× High 7.6×
Ten-year median 2.5×
Current reading's percentile 47

P/B ratio against peers

Company P/B ratio
TDG Transdigm Group Incorporated compare n/m
HONA Honeywell Aerospace inc. compare n/m
LHX L3Harris Technologies Inc 2.4×
NOC Northrop Grumman Corporation compare 4.0×
HEI.A Heico Corporation compare 6.8×
ESLT Elbit Systems Ltd. compare 7.2×
RKLB Rocket Lab Corporation compare 8.4×
AXON Axon Enterprise, Inc compare 8.5×
HEI Heico Corporation compare 9.1×
Aerospace & Defense industry median 2.7×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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