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

259.89 1.78 +0.69%
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

L3Harris Technologies Inc (LHX) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, L3Harris Technologies Inc (LHX) trades at a price to free cash flow of 13.2×. Over the past ten years it has ranged from 8.7× (May 2016) to 48.9× (October 2019); the current reading is higher than 24% of that period. That is below the Aerospace & Defense industry median of 31.7× and below the Industrials sector median of 19.6×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 20.5× 10.55%
FY2024 18.6× (23.17%)
FY2023 24.1× 16.83%
FY2022 20.7× 96.53%
FY2021 10.5× (34.65%)
FY2020 16.1× (36.01%)
FY2019 25.2× 22.22%
FY2019 20.6× 5.32%
FY2018 19.5× 43.15%
FY2018 13.7× 8.58%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 12.1× (37.43%)
Jun 2026 19.3× (22.36%)
Mar 2026 24.8× 21.08%
Dec 2025 20.5× (31.87%)
39 more quarters

Against its own ten years

Low 8.7× High 48.9×
Ten-year median 17.3×
Current reading's percentile 24

Price to free cash flow against peers

Company Price to free cash flow
HONA Honeywell Aerospace inc. compare n/m
RKLB Rocket Lab Corporation compare n/m
LHX L3Harris Technologies Inc 13.2×
NOC Northrop Grumman Corporation compare 17.8×
HEI.A Heico Corporation compare 33.0×
TDG Transdigm Group Incorporated compare 35.5×
HEI Heico Corporation compare 44.3×
ESLT Elbit Systems Ltd. compare 44.8×
AXON Axon Enterprise, Inc compare 235×
Aerospace & Defense industry median 31.7×
Industrials sector median 19.6×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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