Saturday 31 October 2026 Export LHX’s income statement to Excel — free account

L3Harris Technologies Inc

L3Harris Technologies Inc’s revenue for fiscal 2025 (year ended December 2025) was $21.9 billion, up 2.53% from fiscal 2024. 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.

278.07 0.36 −0.13%

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Market cap: $51.9B
P/E: 27.9×
Fwd P/E: 21.3×
Dividend yield: 1.78%
F-score: 8/9
Altman Z: 2.42
Beneish M: −2.65
Dividend safety: 71/100

Overview Business Profile Earnings & Analysis Segments Filings

L3Harris Technologies Inc (LHX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
SMS	6,869	32.21%
MSL	6,618	31.03%
CSD	5,459	25.60%
AR	2,580	12.10%
Gross margin		25.90%
Operating margin		9.17%
Pre-tax margin		7.49%

Revenue by product or service $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016
Product	15,134 70.97%	13,694 70.52%	12,097 70.90%	13,156 73.85%	13,581 74.65%	5,038 81.68%	4,667 79.14%	4,814 80.34%
Services	6,191 29.03%	5,725 29.48%	4,965 29.10%	4,658 26.15%	4,613 25.35%	1,130 18.32%	1,230 20.86%	1,178 19.66%
Revenue	21,325	19,419	17,062	17,814	18,194	6,168	5,897	5,992

Gross profit by product or service $m, and margin

	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016
Product	‡	‡	‡	‡	‡	‡	‡	‡
Services	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2009
SMS	6,869 32.21%	6,856 35.31%	6,384 37.42%	6,315 35.45%	5,823 32.01%	3,294 53.40%	—	—	—	—	—	—	—
MSL	6,618 31.03%	6,446 33.19%	6,626 38.83%	6,733 37.80%	6,793 37.34%	55 0.89%	—	—	—	—	—	—	—
CSD	5,459 25.60%	5,070 26.11%	4,217 24.72%	4,287 24.07%	4,402 24.19%	2,015 32.67%	1,754 29.74%	1,864 31.11%	1,836 47.26%	1,855 37.01%	—	—	—
AR	2,580 12.10%	1,243 6.40%	0 0.00%	0 0.00%	—	—	—	—	—	—	—	—	—
Other	—	—	—	683 3.83%	—	148 2.40%	—	—	—	—	—	—	—
Aviation Systems	—	—	—	—	—	668 10.83%	—	—	—	—	—	—	—
Electronic Systems	—	—	—	—	—	—	2,245 38.07%	2,233 37.27%	1,019 26.23%	420 8.38%	—	—	—
Space and Intelligence Systems	—	—	—	—	—	—	1,904 32.29%	1,899 31.69%	1,007 25.92%	966 19.27%	—	—	—
Critical Networks	—	—	—	—	—	—	—	—	—	1,786 35.63%	—	—	—
R F Communications	—	—	—	—	—	—	—	—	—	—	1,849 36.17%	2,144 39.33%	1,761 35.18%
Government Communications Systems	—	—	—	—	—	—	—	—	—	—	1,784 34.90%	1,786 32.76%	1,864 37.25%
Integrated Network Solutions	—	—	—	—	—	—	—	—	—	—	1,576 30.83%	1,610 29.53%	1,476 29.49%
Exelis	—	—	—	—	—	—	—	—	—	—	0 0.00%	—	—
Corporate	—	—	—	—	—	—	—	—	—	—	(97) (1.90%)	(89) (1.63%)	(96) (1.92%)
Other, not broken out	—	—	—	—	1,176 6.46%	—	—	—	23 0.59%	—	—	—	—
Eliminations	(201) (0.94%)	(196) (1.01%)	(165) (0.97%)	(204) (1.15%)	—	—	—	—	—	—	—	—	—
Revenue	21,325	19,419	17,062	17,814	18,194	6,168	5,897	5,992	3,885	5,012	5,112	5,451	5,005

Operating income by segment $m, and margin

	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2009
CSD	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
MSL	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
SMS	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
AR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aviation Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Electronic Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Space and Intelligence Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Critical Networks	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
R F Communications	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Government Communications Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Integrated Network Solutions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Exelis	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
United States	19,614 91.98%	17,537 90.31%	15,373 90.10%	16,234 91.13%	16,998 93.43%	5,854 94.91%	5,637 95.59%	—	—	—	—	—
International	1,711 8.02%	1,882 9.69%	1,689 9.90%	1,580 8.87%	1,196 6.57%	314 5.09%	260 4.41%	—	—	—	—	—
US Operations	—	—	—	—	—	—	—	5,798 96.76%	3,756 96.68%	4,590 91.58%	4,692 91.78%	5,077 93.13%
International Operations	—	—	—	—	—	—	—	194 3.24%	129 3.32%	422 8.42%	420 8.22%	374 6.87%
Revenue	21,325	19,419	17,062	17,814	18,194	6,168	5,897	5,992	3,885	5,012	5,112	5,451

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Backlog	Q1 FY2027	$53.2B	—	—
Book-to-bill	Q4 FY2026	1.2×	1.5×	−20.00%
Orders	Q4 FY2026	$7.3B	$8.3B	−12.05%
Remaining performance obligations	Q4 FY2026	$42.0B	$35.4B	+18.64%

	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q2 FY2021	Q2 FY2020	Q4 FY2019	Q1 FY2019
Backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Book-to-bill	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Orders	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.