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.

248.51 8.01 +3.33%
Market cap
$44.8B
P/E
25.0×
Fwd P/E
26.5×
Dividend yield
1.99%
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

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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

Against its own ten years

Low 8.7× High 48.9×
Ten-year median 17.4×
Current reading's percentile 45

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)))

The full definition of Price to free cash flow →

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