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) Price to free cash flow
As of 16 October 2026, L3Harris Technologies Inc (LHX) trades at a price to free cash flow of 16.5×. Over the past ten years it has ranged from 8.7× (May 2016) to 48.9× (October 2019); the current reading is higher than 45% of that period. That is below the Aerospace & Defense industry median of 32.0× and below the Industrials sector median of 20.1×.
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 |
|---|---|---|
| Jun 2026 | 19.3× | (22.36%) |
| Mar 2026 | 24.8× | 21.08% |
| Dec 2025 | 20.5× | (32.19%) |
| Sep 2025 | 30.3× | 40.14% |
| 38 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| RKLB Rocket Lab Corporation compare | n/m |
| LHX L3Harris Technologies Inc | 16.5× |
| NOC Northrop Grumman Corporation compare | 20.3× |
| HEI.A Heico Corporation compare | 31.6× |
| TDG Transdigm Group Incorporated compare | 33.9× |
| HEI Heico Corporation compare | 42.0× |
| HWM Howmet Aerospace Inc. compare | 43.8× |
| ESLT Elbit Systems Ltd. compare | 51.7× |
| AXON Axon Enterprise, Inc compare | 238× |
| Aerospace & Defense industry median | 32.0× |
| Industrials sector median | 20.1× |
| Market median | 14.2× |
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)))
More on LHX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement