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) Return on invested capital
L3Harris Technologies Inc's return on invested capital over the twelve months to 30 June 2026 was 5.12%, up 0.4 percentage points from fiscal 2025 (4.73%). Over the past ten years it has ranged from 0.00% (fiscal 2019) to 10.9% (fiscal 2019); the current reading is higher than 53% of that period. That is above the Aerospace & Defense industry median of 1.56% and above the Industrials sector median of 2.30%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 4.73% | 0.75 |
| FY2024 | 3.98% | 0.20 |
| FY2023 | 3.78% | (1.08) |
| FY2022 | 4.86% | (0.29) |
| FY2021 | 5.15% | 0.45 |
| FY2020 | 4.70% | 4.70 |
| FY2019 | 0.00% | (10.92) |
| FY2019 | 10.9% | 10.92 |
| FY2018 | 0.00% | (8.58) |
| FY2018 | 8.58% | 8.58 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| HWM Howmet Aerospace Inc. compare | 16.9% |
| TDG Transdigm Group Incorporated compare | 14.3% |
| ESLT Elbit Systems Ltd. compare | 13.3% |
| HEI Heico Corporation compare | 10.6% |
| HEI.A Heico Corporation compare | 10.6% |
| NOC Northrop Grumman Corporation compare | 9.58% |
| LHX L3Harris Technologies Inc | 5.12% |
| AXON Axon Enterprise, Inc compare | 0.32% |
| RKLB Rocket Lab Corporation compare | −11.5% |
| Aerospace & Defense industry median | 1.56% |
| Industrials sector median | 2.30% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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