Wednesday 14 October 2026 Export LHX’s income statement to Excel — free account

L3Harris Technologies Inc

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.

237.10 2.38 +1.01%

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Market cap: $43.7B
P/E: 23.6×
Fwd P/E: 26.5×
Dividend yield: 2.11%
F-score: 8/9
Altman Z: 2.42
Beneish M: −2.65
Dividend safety: 71/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Impairment Feb 12, 2026

All filings →

Insider Decisions trades per month

Total sells 11.77

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	2	2	—	1	—	—	—	—	—

Insider Ownership 0.41%

Capital & Financial Ratios $m

Market Cap 43,710.00

Revenue 22,932.00

Net Income 1,874.00

Free Cash Flow 2,806.00

Net Debt 9,478.00

Current Ratio 1.18

Debt/Equity 0.55

P/E ratio 23.57

Fwd P/E 26.50

P/S ratio 1.91

P/B ratio 2.20

Past 5Y EPS Growth 10.45%

This Y EPS Growth 11.49%

Next Y EPS Growth 13.43%

Next Y revenue growth 7.86%

Next 5Y EPS Growth 13.25%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 7.64%

10-year low 10-year high

P/S against its own 10 years 13.06%

10-year low 10-year high

P/B against its own 10 years 32.51%

10-year low 10-year high

EV/Sales against its own 10 years 6.27%

10-year low 10-year high

EV/FCF against its own 10 years 38.30%

10-year low 10-year high

Dividends

Payout Ratio 0.50

Annual Dividend Rate 4.95

Annual Dividend Yield 2.11%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.98	1.25 1.25 1.25
2025	4.80	1.20 1.20 1.20 1.20
2024	4.64	1.16 1.16 1.16 1.16
2023	4.56	1.14 1.14 1.14 1.14
2022	4.48	1.12 1.12 1.12 1.12
2021	4.08	1.02 1.02 1.02 1.02
2020	3.40	0.85 0.85 0.85 0.85
2019	2.87	0.69 0.69 0.75 0.75
2018	2.51	0.57 0.57 0.69 0.69
2017	2.20	0.53 0.53 0.57 0.57
2016	2.06	0.50 0.50 0.53 0.53

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	560	615	1,069	1,521
Receivables	1,291	1,451	1,424	1,950
Inventory	1,472	1,330	1,219	1,272
Other	4,732	4,822	4,881	5,340
	8,055	8,218	8,593	10,083

	2023	2024	2025	Q'26
Payables	2,106	2,005	2,461	2,085
ST’ Debt	363	640	—	1,815
Other	2,716	5,113	4,765	4,617
	8,004	7,633	7,226	8,517

Compound Annual Growth %

	10y	5y	3y
Sales	14.00%	3.74%	8.62%
Cash Flow	18.50%	2.17%	12.91%
Earnings	11.07%	7.49%	14.78%
Book Value	20.96%	(1.19%)	1.78%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	5,744	5,881	—	—	—
’25	5,132	5,426	5,659	5,648	21,865
’24	5,211	5,299	5,292	5,523	21,325
’23	4,471	4,693	4,915	5,340	19,419
’22	4,103	4,135	4,246	4,578	17,062
’21	4,567	4,668	4,229	4,350	17,814
’20	4,626	4,445	4,463	4,660	18,194

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(95)	879	—	—	—
’25	(42)	640	546	1,962	3,106
’24	(104)	754	780	1,129	2,559
’23	350	414	543	789	2,096
’22	39	749	588	782	2,158
’21	661	720	484	822	2,687
’20	533	802	757	698	2,790

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(187)	771	—	—	—
’25	(101)	561	418	1,804	2,682
’24	(219)	657	702	1,011	2,151
’23	279	392	395	581	1,647
’22	(16)	709	512	715	1,920
’21	597	660	408	2,416	4,081
’20	485	742	671	615	2,513

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.72	3.13	—	—	—
’25	2.04	2.44	2.46	1.59	8.53
’24	1.48	1.92	2.10	2.37	7.87
’23	1.76	1.83	2.02	0.83	6.44
’22	2.44	2.42	(1.56)	2.17	5.49
’21	2.25	2.01	2.39	2.46	9.09
’20	0.99	1.30	1.98	0.91	5.19

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	70.97	99.13	123.24	129.46	142.01	168.70	202.31	160.25	200.18	193.09	Analyst estimates 2026–2028 Powerpack
	High	107.54	144.94	175.50	217.31	230.99	246.08	279.71	219.31	265.74	308.12
People
People	Employees	21,000	17,000	17,500	18,200	48,000	47,000	46,000	50,000	47,000	45,000
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.38	0.38	0.37	0.39	0.45	0.49
Income, $m
Income, $m	Revenue	5,992	5,900	6,182	18,526	18,194	17,814	17,062	19,419	21,325	21,865
	Gross margin, %	33.33	34.86	34.78	27.39	29.17	30.18	28.88	26.33	25.90	25.73
	EBT	884	905	926	1,816	1,322	2,283	1,273	1,221	1,597	1,932
	EBT margin, %	14.75	15.34	14.98	9.80	7.27	12.82	7.46	6.29	7.49	8.84
	Net income	609	636	719	1,646	1,086	1,842	1,061	1,198	1,512	1,606
	Depreciation	289	273	260	442	1,799	1,211	1,740	1,540	1,327	1,309
Per share, $
Per share, $	Revenue	48.32	47.97	51.95	83.83	85.02	88.49	88.96	102.42	112.36	116.68
	Earnings	2.59	4.44	5.92	3.67	5.23	9.17	5.54	6.47	7.91	8.57
	Cash flow	7.45	4.63	6.31	4.25	13.04	13.35	11.25	11.05	13.48	16.57
	Capex	0.00	0.00	0.00	0.00	(1.29)	6.93	(1.24)	(2.37)	(2.15)	(2.26)
	Free cash flow	7.45	4.63	6.31	4.25	11.74	20.27	10.01	8.69	11.33	14.31
	Book value	24.65	23.80	27.92	102.20	97.39	95.97	97.10	99.31	103.16	104.78
	Shares, m	124	123	119	221	214	201	192	190	190	187
Valuation, ×
Valuation, ×	P/E	36.30	30.62	20.43	24.70	36.14	23.23	37.42	32.47	26.58	34.26
	P/S	2.06	2.86	2.51	3.43	2.22	2.41	2.33	2.05	1.87	2.52
	P/B	4.02	5.62	4.64	1.94	1.94	2.22	2.13	2.11	2.04	2.80
	EV/Sales	2.69	3.46	3.05	3.90	2.54	2.75	2.69	2.61	2.39	2.98
	EV/FCF	17.09	15.18	23.70	28.65	18.35	12.02	23.88	30.81	23.72	24.26
Cash, $m
Cash, $m	Operating cash flow	924	569	751	939	2,790	2,687	2,158	2,096	2,559	3,106
	Capex	(152)	(119)	(136)	(173)	(277)	1,394	(238)	(449)	(408)	(424)
	Free cash flow	924	569	751	939	2,513	4,081	1,920	1,647	2,151	2,682
Balance, $m
Balance, $m	Working capital	643	147	435	2,303	2,427	1,808	978	51	585	1,367
	Total debt	4,517	4,030	3,790	7,864	6,951	7,059	7,043	11,523	11,721	10,443
	Net debt	4,030	3,546	3,502	7,040	5,675	6,118	6,163	10,963	11,106	9,374
	Shareholders’ equity	3,056	2,928	3,322	22,587	20,841	19,319	18,624	18,829	19,579	19,635
Returns, %
Returns, %	ROA	2.86	5.57	7.27	6.79	2.97	5.15	3.11	3.26	3.59	3.86
	ROIC	0.00	0.00	0.00	0.00	4.70	5.15	4.86	3.78	3.98	4.73
	ROE	11.22	19.19	21.70	12.67	5.15	9.19	5.60	6.55	7.82	8.19

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
HWM Howmet Aerospace Inc.	$88.1B	46.5×	48.4×	+24.06% (above 0%: growing)	+31.68% (above 0%: growing)	+38.04% (above 0%: growing)	37.34%	27.92%	Compare
NOC Northrop Grumman Corporation	$68.9B	15.2×	19.5×	+5.07% (above 0%: growing)	−5.75% (below 0%: shrinking)	+53.53% (above 0%: growing)	19.50%	10.08%	Compare
TDG Transdigm Group Incorporated	$61.9B	33.7×	35.3×	+22.53% (above 0%: growing)	+10.86% (above 0%: growing)	+13.44% (above 0%: growing)	59.39%	44.76%	Compare
LHX L3Harris Technologies Inc	$44.4B	23.6×	26.5×	+8.39% (above 0%: growing)	+28.57% (above 0%: growing)	+37.43% (above 0%: growing)	25.54%	11.12%
RKLB Rocket Lab Corporation	$39.3B	— (loss-making)	— (loss-making)	+61.99% (above 0%: growing)	n/m	−99.66% (below 0%: shrinking)	36.13%	(24.57%)	Compare
HEI.A Heico Corporation	$35.3B	36.4×	55.0×	+23.13% (above 0%: growing)	+33.07% (above 0%: growing)	+47.74% (above 0%: growing)	41.12%	25.14%	Compare
HEI Heico Corporation	$35.2B	48.8×	55.0×	+23.13% (above 0%: growing)	+33.07% (above 0%: growing)	+47.74% (above 0%: growing)	41.12%	25.14%	Compare
AXON Axon Enterprise, Inc	$33.7B	167×	136×	+35.28% (above 0%: growing)	−19.57% (below 0%: shrinking)	+99.15% (above 0%: growing)	60.42%	5.17%	Compare
ESLT Elbit Systems Ltd.	$30.7B	48.8×	53.2×	+15.94% (above 0%: growing)	+34.42% (above 0%: growing)	+113.91% (above 0%: growing)	25.32%	9.57%	Compare
Median of peers	$37.3B	46.5×	53.2×	+23.13%	+31.68%	+47.74%	39.23%	17.61%

All 82 Aerospace & Defense stocks →

L3Harris Technologies Inc (LHX) key facts

L3Harris Technologies Inc (LHX) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
As of October 14, 2026, LHX traded at $237.19, a market capitalization of $43.7 billion.
L3Harris Technologies Inc pays an annual dividend of $4.95 per share, a yield of 2.11%, with a payout ratio of 50.0%.
Return on equity was 8.19% and debt-to-equity 0.55.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.42 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.