L3Harris Technologies Inc Financials

LHX

Source SEC Filings (10-K/10-Q) Updated Feb 12, 2026 Currency USD FYE February

Financial Health Signals

Financial Profile 61/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

L3Harris Technologies Inc has an operating margin of 13.6%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power.

Leverage

L3Harris Technologies Inc carries a low D/E ratio of 0.53, meaning only $0.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

L3Harris Technologies Inc's current ratio of 1.19 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.

Cash Flow

L3Harris Technologies Inc converts 17.3% of revenue into free cash flow ($3K). This strong cash generation earns a score of 87/100.

Returns

L3Harris Technologies Inc's ROE of 8.2% shows moderate profitability relative to equity, earning a score of 33/100.

Altman Z-Score Safe

1795859.69

L3Harris Technologies Inc scores 1795859.69, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($64.5B) relative to total liabilities ($22K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Earnings Quality Cash-Backed

1.93x

For every $1 of reported earnings, L3Harris Technologies Inc generates $1.93 in operating cash flow ($3K OCF vs $2K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

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).

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Key Financial Metrics

Revenue

$15K

5Y CAGR-93.5%

10Y CAGR-71.9%

L3Harris Technologies Inc generated $15K in revenue in fiscal year 2025.

EBITDA

$3K

YoY-100.0%

L3Harris Technologies Inc's EBITDA was $3K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.

Free Cash Flow

$3K

YoY-100.0%

10Y CAGR-71.0%

L3Harris Technologies Inc generated $3K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.

Net Income

$2K

YoY-100.0%

5Y CAGR-93.5%

10Y CAGR-72.0%

L3Harris Technologies Inc reported $2K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EPS (Diluted)

$8.53

YoY+0.0%

5Y CAGR+1.6%

10Y CAGR+5.6%

L3Harris Technologies Inc earned $8.53 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Debt

$1K

5Y CAGR-93.1%

10Y CAGR-73.2%

L3Harris Technologies Inc held $1K in cash against $10K in long-term debt as of fiscal year 2025.

Dividends Per Share

$4.80

YoY+0.0%

L3Harris Technologies Inc paid $4.80 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

187M

5Y CAGR-2.9%

10Y CAGR+5.9%

L3Harris Technologies Inc had 187M shares outstanding in fiscal year 2025.

Gross Margin

27.4%

5Y CAGR-2.0pp

10Y CAGR-6.6pp

L3Harris Technologies Inc's gross margin was 27.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.

Operating Margin

13.6%

L3Harris Technologies Inc's operating margin was 13.6% in fiscal year 2025, reflecting core business profitability.

Net Margin

10.4%

5Y CAGR+0.0pp

10Y CAGR-0.3pp

L3Harris Technologies Inc's net profit margin was 10.4% in fiscal year 2025, showing the share of revenue converted to profit.

Return on Equity

8.2%

5Y CAGR+2.1pp

10Y CAGR-21.1pp

L3Harris Technologies Inc's ROE was 8.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

$1K

YoY-100.0%

10Y CAGR-71.3%

L3Harris Technologies Inc spent $1K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures

$424

YoY-100.0%

10Y CAGR-72.9%

L3Harris Technologies Inc invested $424 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

LHX Income Statement

Metric	FY25	FY26	FY23	FY22	FY21	FY20
Revenue	$15K	N/A	$19.4B+13.8%	$17.1B-4.2%	$17.8B+38.6%	$12.9B
Cost of Revenue	$11K	N/A	$14.3B+17.9%	$12.1B-2.4%	$12.4B+36.9%	$9.1B
Gross Profit	$4K	N/A	$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	$3K-100.0%	$3.4B+3.5%	$3.3B+10.5%	$3.0B-8.6%	$3.3B+29.1%	$2.5B
Operating Income	$2K-100.0%	$2.1B+48.0%	$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	$326-100.0%	$326.0M+1317.4%	$23.0M-89.2%	$212.0M-51.8%	$440.0M+201.4%	$146.0M
Net Income	$2K-100.0%	$1.6B+30.9%	$1.2B+15.5%	$1.1B-42.5%	$1.8B+38.5%	$1.3B
EPS (Diluted)	$8.530.0%	$8.53+32.5%	$6.44+17.3%	$5.49-39.6%	$9.09+15.2%	$7.89

Metric	Q4'26	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24
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+4.4%	$790.0M-14.5%	$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+135.5%	$31.0M+19.2%	$26.0M+13.0%	$23.0M+360.0%	$5.0M
Net Income	N/A	$462.0M+0.9%	$458.0M+18.7%	$386.0M-14.8%	$453.0M+13.3%	$400.0M+9.3%	$366.0M+29.3%	$283.0M
EPS (Diluted)	N/A	$2.46+0.8%	$2.44+19.6%	$2.04-13.9%	$2.37+12.9%	$2.10+9.4%	$1.92+29.7%	$1.48

LHX Balance Sheet

Metric	FY25	FY26	FY23	FY22	FY21	FY20
Total Assets	$41K	N/A	$41.7B+24.3%	$33.5B-3.4%	$34.7B-8.9%	$38.1B
Current Assets	$9K	N/A	$8.1B+19.3%	$6.8B+6.2%	$6.4B-11.8%	$7.2B
Cash & Equivalents	$1K	N/A	$560.0M-36.4%	$880.0M-6.5%	$941.0M+41.9%	$663.0M
Inventory	$1K	N/A	$1.5B+14.0%	$1.3B+31.5%	$982.0M-0.8%	$990.0M
Accounts Receivable	$1K	N/A	$1.2B-1.7%	$1.3B+19.7%	$1.0B-18.2%	$1.3B
Goodwill	$20K	N/A	$20.0B+15.6%	$17.3B-5.0%	$18.2B-5.6%	$19.3B
Total Liabilities	$22K	N/A	$22.9B+53.4%	$14.9B-3.8%	$15.5B-4.4%	$16.2B
Current Liabilities	$7K	N/A	$8.0B+38.6%	$5.8B+26.9%	$4.6B-11.2%	$5.1B
Long-Term Debt	$10K	N/A	$11.2B+79.3%	$6.2B-11.7%	$7.0B+12.0%	$6.3B
Total Equity	$20K	N/A	$18.8B+1.3%	$18.5B-3.6%	$19.2B-12.3%	$21.9B
Retained Earnings	$4K	N/A	$3.2B+9.4%	$2.9B+0.9%	$2.9B+35.6%	$2.2B

Metric	Q4'26	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24
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	FY25	FY26	FY23	FY22	FY21	FY20
Operating Cash Flow	$3K-100.0%	$3.1B+48.2%	$2.1B-2.9%	$2.2B-19.7%	$2.7B	N/A
Capital Expenditures	$424-100.0%	$424.0M-5.6%	$449.0M+78.2%	$252.0M-26.3%	$342.0M	N/A
Free Cash Flow	$3K-100.0%	$2.7B+62.8%	$1.6B-13.6%	$1.9B-18.7%	$2.3B	N/A
Investing Cash Flow	$407-100.0%	$407.0M+105.8%	-$7.0B-2708.4%	-$250.0M-117.9%	$1.4B	N/A
Financing Cash Flow	$3K+100.0%	-$3.1B-167.1%	$4.6B+335.5%	-$2.0B+55.8%	-$4.4B	N/A
Dividends Paid	$903-100.0%	$903.0M+4.0%	$868.0M+0.5%	$864.0M+5.8%	$817.0M	N/A
Share Buybacks	$1K-100.0%	$1.2B+122.8%	$518.0M-52.2%	$1.1B-70.5%	$3.7B	N/A

Metric	Q4'26	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24
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	FY25	FY26	FY23	FY22	FY21	FY20
Gross Margin	27.4%	N/A	26.3%-2.6pp	28.9%-1.3pp	30.2%+0.9pp	29.3%
Operating Margin	13.6%	N/A	7.3%+0.7pp	6.6%-5.2pp	11.8%	N/A
Net Margin	10.4%	N/A	6.3%+0.1pp	6.2%-4.1pp	10.4%-0.0pp	10.4%
Return on Equity	8.2%	N/A	6.5%+0.8pp	5.7%-3.9pp	9.6%+3.5pp	6.1%
Return on Assets	3.9%	N/A	2.9%-0.2pp	3.2%-2.1pp	5.3%+1.8pp	3.5%
Current Ratio	1.19	N/A	1.01-0.2	1.17-0.2	1.40-0.0	1.41
Debt-to-Equity	0.53	N/A	0.59+0.3	0.34-0.0	0.37+0.1	0.29
FCF Margin	17.3%	N/A	8.5%-2.7pp	11.2%-2.0pp	13.2%	N/A

Metric	Q4'26	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24
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%+5.4pp	2.1%-5.4pp	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%-0.3pp	2.3%+0.2pp	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%-0.1pp	1.1%+0.1pp	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

What is L3Harris Technologies Inc's annual revenue?

L3Harris Technologies Inc (LHX) reported $15K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is L3Harris Technologies Inc profitable?

Yes, L3Harris Technologies Inc (LHX) reported a net income of $2K in fiscal year 2025, with a net profit margin of 10.4%.

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 2025. This represents a 0.0% 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.

What is L3Harris Technologies Inc's EBITDA?

L3Harris Technologies Inc (LHX) had EBITDA of $3K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does L3Harris Technologies Inc have?

As of fiscal year 2025, L3Harris Technologies Inc (LHX) had $1K in cash and equivalents against $10K in long-term debt.

What is L3Harris Technologies Inc's gross margin?

L3Harris Technologies Inc (LHX) had a gross margin of 27.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is L3Harris Technologies Inc's operating margin?

L3Harris Technologies Inc (LHX) had an operating margin of 13.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is L3Harris Technologies Inc's net profit margin?

L3Harris Technologies Inc (LHX) had a net profit margin of 10.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does L3Harris Technologies Inc pay dividends?

Yes, L3Harris Technologies Inc (LHX) paid $4.80 per share in dividends during fiscal year 2025.

What is L3Harris Technologies Inc's return on equity (ROE)?

L3Harris Technologies Inc (LHX) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is L3Harris Technologies Inc's free cash flow?

L3Harris Technologies Inc (LHX) generated $3K in free cash flow during fiscal year 2025. This represents a -100.0% 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 $3K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are L3Harris Technologies Inc's total assets?

L3Harris Technologies Inc (LHX) had $41K in total assets as of fiscal year 2025, including both current and long-term assets.

What are L3Harris Technologies Inc's capital expenditures?

L3Harris Technologies Inc (LHX) invested $424 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does L3Harris Technologies Inc buy back shares?

Yes, L3Harris Technologies Inc (LHX) spent $1K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does L3Harris Technologies Inc have outstanding?

L3Harris Technologies Inc (LHX) had 187M shares outstanding as of fiscal year 2025.

What is L3Harris Technologies Inc's current ratio?

L3Harris Technologies Inc (LHX) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.

What is L3Harris Technologies Inc's debt-to-equity ratio?

L3Harris Technologies Inc (LHX) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is L3Harris Technologies Inc's return on assets (ROA)?

L3Harris Technologies Inc (LHX) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is L3Harris Technologies Inc's Altman Z-Score?

L3Harris Technologies Inc (LHX) has an Altman Z-Score of 1795859.69, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

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.

How financially healthy is L3Harris Technologies Inc?

L3Harris Technologies Inc (LHX) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.