What is L3Harris Technologies Inc's earnings per share (EPS)?

L3Harris Technologies Inc (LHX) reported diluted earnings per share of $8.53 for fiscal year 2026. This represents a 8.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

L3Harris Technologies Inc Financials

LHX

Source SEC Filings (10-K/10-Q) Updated Jan 2, 2026 Currency USD FYE January

This page shows L3Harris Technologies Inc (LHX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

1.93x

For every $1 of reported earnings, L3Harris Technologies Inc generates $1.93 in operating cash flow ($3.1B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

$3.3B

YoY+4.0%

L3Harris Technologies Inc's EBITDA was $3.3B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.0% from the prior year.

Net Income

$1.6B

YoY+6.9%

5Y CAGR+3.8%

10Y CAGR+11.6%

L3Harris Technologies Inc reported $1.6B in net income in fiscal year 2026. This represents an increase of 6.9% from the prior year.

EPS (Diluted)

$8.53

YoY+8.4%

5Y CAGR+1.6%

10Y CAGR+5.6%

L3Harris Technologies Inc earned $8.53 per diluted share (EPS) in fiscal year 2026. This represents an increase of 8.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.7B

YoY+24.7%

10Y CAGR+15.3%

L3Harris Technologies Inc generated $2.7B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 24.7% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$4.80

YoY+3.4%

L3Harris Technologies Inc paid $4.80 per share in dividends in fiscal year 2026. This represents an increase of 3.4% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.2B

YoY+108.3%

10Y CAGR+14.4%

L3Harris Technologies Inc spent $1.2B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 108.3% from the prior year.

Capital Expenditures

$424.0M

YoY+3.9%

10Y CAGR+7.7%

L3Harris Technologies Inc invested $424.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 3.9% from the prior year.

LHX Income Statement

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Revenue	N/A	$21.3B+9.8%	$19.4B+13.8%	$17.1B-4.2%	$17.8B+38.6%	$12.9B
Cost of Revenue	N/A	$15.8B+10.5%	$14.3B+17.9%	$12.1B-2.4%	$12.4B+36.9%	$9.1B
Gross Profit	N/A	$5.5B+8.0%	$5.1B+3.8%	$4.9B-8.4%	$5.4B+42.7%	$3.8B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.4B-3.9%	$3.6B+7.7%	$3.3B+10.5%	$3.0B-8.6%	$3.3B+29.1%	$2.5B
Operating Income	$2.1B+10.0%	$1.9B+34.5%	$1.4B+26.5%	$1.1B-46.6%	$2.1B	N/A
Interest Expense	N/A	N/A	-$543.0M-94.6%	-$279.0M-5.3%	-$265.0M-222.1%	$217.0M
Income Tax	$326.0M+283.5%	$85.0M+269.6%	$23.0M-89.2%	$212.0M-51.8%	$440.0M+201.4%	$146.0M
Net Income	$1.6B+6.9%	$1.5B+22.4%	$1.2B+15.5%	$1.1B-42.5%	$1.8B+38.5%	$1.3B
EPS (Diluted)	$8.53+8.4%	$7.87+22.2%	$6.44+17.3%	$5.49-39.6%	$9.09+15.2%	$7.89

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$21.9B+286.4%	$5.7B+4.3%	$5.4B+5.7%	$5.1B-75.9%	$21.3B+303.0%	$5.3B-0.1%	$5.3B+1.7%	$5.2B
Cost of Revenue	$16.2B+289.9%	$4.2B+1.8%	$4.1B+8.2%	$3.8B-76.1%	$15.8B+308.0%	$3.9B-1.7%	$3.9B+2.0%	$3.9B
Gross Profit	$5.6B+276.5%	$1.5B+11.9%	$1.3B-1.1%	$1.4B-75.6%	$5.5B+289.3%	$1.4B+4.3%	$1.4B+0.9%	$1.3B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$873.0M+14.3%	$764.0M-7.4%	$825.0M	N/A	$924.0M+4.5%	$884.0M-8.9%	$970.0M
Operating Income	$2.1B+239.8%	$621.0M+8.8%	$571.0M+8.8%	$525.0M-72.6%	$1.9B+287.5%	$495.0M+4.0%	$476.0M+25.9%	$378.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$166.0M+196.5%	-$172.0M+2.3%	-$176.0M
Income Tax	N/A	$105.0M+59.1%	$66.0M-9.6%	$73.0M	N/A	$26.0M+13.0%	$23.0M+360.0%	$5.0M
Net Income	N/A	$462.0M+0.9%	$458.0M+18.7%	$386.0M	N/A	$400.0M+9.3%	$366.0M+29.3%	$283.0M
EPS (Diluted)	N/A	$2.46+0.8%	$2.44+19.6%	$2.04	N/A	$2.10+9.4%	$1.92+29.7%	$1.48

LHX Balance Sheet

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Total Assets	N/A	$41.2B-1.1%	$41.7B+24.3%	$33.5B-3.4%	$34.7B-8.9%	$38.1B
Current Assets	N/A	$7.6B-5.7%	$8.1B+19.3%	$6.8B+6.2%	$6.4B-11.8%	$7.2B
Cash & Equivalents	N/A	$517.0M-7.7%	$560.0M-36.4%	$880.0M-6.5%	$941.0M+41.9%	$663.0M
Inventory	N/A	$1.3B-14.9%	$1.5B+14.0%	$1.3B+31.5%	$982.0M-0.8%	$990.0M
Accounts Receivable	N/A	$1.5B+22.0%	$1.2B-1.7%	$1.3B+19.7%	$1.0B-18.2%	$1.3B
Goodwill	N/A	$20.3B+1.8%	$20.0B+15.6%	$17.3B-5.0%	$18.2B-5.6%	$19.3B
Total Liabilities	N/A	$22.1B-3.2%	$22.9B+53.4%	$14.9B-3.8%	$15.5B-4.4%	$16.2B
Current Liabilities	N/A	$7.4B-6.9%	$8.0B+38.6%	$5.8B+26.9%	$4.6B-11.2%	$5.1B
Long-Term Debt	N/A	$11.0B-1.6%	$11.2B+79.3%	$6.2B-11.7%	$7.0B+12.0%	$6.3B
Total Equity	N/A	$19.1B+2.0%	$18.8B+1.3%	$18.5B-3.6%	$19.2B-12.3%	$21.9B
Retained Earnings	N/A	$3.8B+17.6%	$3.2B+9.4%	$2.9B+0.9%	$2.9B+35.6%	$2.2B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$41.2B+0.4%	$41.0B-0.5%	$41.2B0.0%	$41.2B-1.8%	$42.0B+0.3%	$41.9B+0.6%	$41.7B-0.4%	$41.8B
Current Assets	$8.6B+13.2%	$7.6B-0.2%	$7.6B+0.2%	$7.6B-7.6%	$8.2B-1.0%	$8.3B+3.2%	$8.0B-2.6%	$8.3B
Cash & Equivalents	$1.1B+215.3%	$339.0M-29.7%	$482.0M-6.8%	$517.0M-15.9%	$615.0M+14.1%	$539.0M-1.5%	$547.0M+14.7%	$477.0M
Inventory	$1.2B-5.6%	$1.3B+2.6%	$1.3B+0.5%	$1.3B-5.9%	$1.3B-4.9%	$1.4B-2.3%	$1.4B-3.0%	$1.5B
Accounts Receivable	$1.4B-10.3%	$1.5B+6.3%	$1.4B-4.3%	$1.5B+40.0%	$1.1B+2.9%	$1.0B-15.3%	$1.2B+1.7%	$1.2B
Goodwill	$20.0B-1.8%	$20.4B0.0%	$20.4B+0.2%	$20.3B+0.1%	$20.3B-0.5%	$20.4B+0.3%	$20.4B+1.5%	$20.1B
Total Liabilities	$21.6B+0.4%	$21.5B-2.2%	$22.0B-0.7%	$22.1B-1.4%	$22.4B-1.8%	$22.8B+0.3%	$22.8B-1.4%	$23.1B
Current Liabilities	$7.2B+8.9%	$6.6B-9.3%	$7.3B-1.7%	$7.4B-2.4%	$7.6B-4.3%	$8.0B-11.2%	$9.0B+6.4%	$8.4B
Long-Term Debt	$10.4B-5.0%	$11.0B+0.2%	$11.0B0.0%	$11.0B-0.9%	$11.1B-0.1%	$11.1B+5.3%	$10.5B-5.4%	$11.1B
Total Equity	$19.6B+0.5%	$19.5B+1.3%	$19.3B+0.8%	$19.1B-2.0%	$19.5B+2.7%	$19.0B+0.8%	$18.8B+0.9%	$18.7B
Retained Earnings	$4.2B+1.0%	$4.2B+5.1%	$4.0B+4.8%	$3.8B+1.3%	$3.7B+6.4%	$3.5B+4.4%	$3.4B+4.0%	$3.2B

LHX Cash Flow Statement

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.1B+21.4%	$2.6B+22.1%	$2.1B-2.9%	$2.2B-19.7%	$2.7B	N/A
Capital Expenditures	$424.0M+3.9%	$408.0M-9.1%	$449.0M+78.2%	$252.0M-26.3%	$342.0M	N/A
Free Cash Flow	$2.7B+24.7%	$2.2B+30.6%	$1.6B-13.6%	$1.9B-18.7%	$2.3B	N/A
Investing Cash Flow	$407.0M+254.8%	-$263.0M+96.3%	-$7.0B-2708.4%	-$250.0M-117.9%	$1.4B	N/A
Financing Cash Flow	-$3.1B-38.6%	-$2.2B-148.4%	$4.6B+335.5%	-$2.0B+55.8%	-$4.4B	N/A
Dividends Paid	$903.0M+1.9%	$886.0M+2.1%	$868.0M+0.5%	$864.0M+5.8%	$817.0M	N/A
Share Buybacks	$1.2B+108.3%	$554.0M+6.9%	$518.0M-52.2%	$1.1B-70.5%	$3.7B	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$2.0B+259.3%	$546.0M-14.7%	$640.0M+1623.8%	-$42.0M-103.7%	$1.1B+44.7%	$780.0M+3.4%	$754.0M+825.0%	-$104.0M
Capital Expenditures	$158.0M+32.8%	$119.0M+35.2%	$88.0M+49.2%	$59.0M-50.0%	$118.0M+51.3%	$78.0M-19.6%	$97.0M-15.7%	$115.0M
Free Cash Flow	$1.8B+322.5%	$427.0M-22.6%	$552.0M+646.5%	-$101.0M-110.0%	$1.0B+44.0%	$702.0M+6.8%	$657.0M+400.0%	-$219.0M
Investing Cash Flow	-$130.0M-0.8%	-$129.0M-65.4%	-$78.0M-110.5%	$744.0M+764.3%	-$112.0M-20.4%	-$93.0M-260.3%	$58.0M+150.0%	-$116.0M
Financing Cash Flow	-$1.1B-97.7%	-$560.0M+8.2%	-$610.0M+24.2%	-$805.0M+12.0%	-$915.0M-29.1%	-$709.0M+4.7%	-$744.0M-616.7%	$144.0M
Dividends Paid	$225.0M0.0%	$225.0M0.0%	$225.0M-1.3%	$228.0M+3.2%	$221.0M+0.5%	$220.0M-0.5%	$221.0M-1.3%	$224.0M
Share Buybacks	$156.0M-11.4%	$176.0M-30.4%	$253.0M-55.5%	$569.0M+1254.8%	$42.0M-77.9%	$190.0M+113.5%	$89.0M-61.8%	$233.0M

LHX Financial Ratios

Metric	FY26	FY25	FY23	FY22	FY21	FY20
Gross Margin	N/A	25.9%-0.4pp	26.3%-2.6pp	28.9%-1.3pp	30.2%+0.9pp	29.3%
Operating Margin	N/A	9.0%+1.6pp	7.3%+0.7pp	6.6%-5.2pp	11.8%	N/A
Net Margin	N/A	7.0%+0.7pp	6.3%+0.1pp	6.2%-4.1pp	10.4%-0.0pp	10.4%
Return on Equity	N/A	7.8%+1.3pp	6.5%+0.8pp	5.7%-3.9pp	9.6%+3.5pp	6.1%
Return on Assets	N/A	3.6%+0.7pp	2.9%-0.2pp	3.2%-2.1pp	5.3%+1.8pp	3.5%
Current Ratio	N/A	1.02+0.0	1.01-0.2	1.17-0.2	1.40-0.0	1.41
Debt-to-Equity	N/A	0.57-0.0	0.59+0.3	0.34-0.0	0.37+0.1	0.29
FCF Margin	N/A	10.1%+1.6pp	8.5%-2.7pp	11.2%-2.0pp	13.2%	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	25.7%-0.7pp	26.4%+1.8pp	24.6%-1.7pp	26.3%+0.4pp	25.9%-0.9pp	26.8%+1.1pp	25.7%-0.2pp	25.9%
Operating Margin	9.7%-1.3pp	11.0%+0.5pp	10.5%+0.3pp	10.2%+1.2pp	9.0%-0.4pp	9.3%+0.4pp	9.0%+1.7pp	7.2%
Net Margin	N/A	8.2%-0.3pp	8.4%+0.9pp	7.5%	N/A	7.6%+0.7pp	6.9%+1.5pp	5.4%
Return on Equity	N/A	2.4%-0.0pp	2.4%+0.4pp	2.0%	N/A	2.1%+0.2pp	1.9%+0.4pp	1.5%
Return on Assets	N/A	1.1%+0.0pp	1.1%+0.2pp	0.9%	N/A	0.9%+0.1pp	0.9%+0.2pp	0.7%
Current Ratio	1.19+0.0	1.14+0.1	1.04+0.0	1.02-0.1	1.08+0.0	1.04+0.1	0.90-0.1	0.98
Debt-to-Equity	0.53-0.0	0.560.0	0.570.0	0.570.0	0.57-0.0	0.58+0.0	0.56-0.0	0.60
FCF Margin	8.3%+0.7pp	7.5%-2.6pp	10.2%+12.1pp	-2.0%-6.7pp	4.7%-8.5pp	13.3%+0.9pp	12.4%+16.6pp	-4.2%

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Frequently Asked Questions

Is L3Harris Technologies Inc profitable?

Yes, L3Harris Technologies Inc (LHX) reported a net income of $1.6B in fiscal year 2026.

What is L3Harris Technologies Inc's EBITDA?

L3Harris Technologies Inc (LHX) had EBITDA of $3.3B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Does L3Harris Technologies Inc pay dividends?

Yes, L3Harris Technologies Inc (LHX) paid $4.80 per share in dividends during fiscal year 2026.

What is L3Harris Technologies Inc's free cash flow?

L3Harris Technologies Inc (LHX) generated $2.7B in free cash flow during fiscal year 2026. This represents a 24.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is L3Harris Technologies Inc's operating cash flow?

L3Harris Technologies Inc (LHX) generated $3.1B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are L3Harris Technologies Inc's capital expenditures?

L3Harris Technologies Inc (LHX) invested $424.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does L3Harris Technologies Inc buy back shares?

Yes, L3Harris Technologies Inc (LHX) spent $1.2B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Are L3Harris Technologies Inc's earnings high quality?

L3Harris Technologies Inc (LHX) has an earnings quality ratio of 1.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.