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L3Harris Technologies (LHX) Financials

L3Harris Technologies logo
$216.40 -2.22 (-1.02%)
Closing price 05/6/2025 03:59 PM Eastern
Extended Trading
$219.10 +2.70 (+1.25%)
As of 08:02 AM Eastern
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Annual Income Statements for L3Harris Technologies

Annual Income Statements for L3Harris Technologies

This table shows L3Harris Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 1/1/2021 12/31/2021 12/30/2022 12/29/2023 1/3/2025
Net Income / (Loss) Attributable to Common Shareholders
334 324 543 699 949 1,119 1,846 1,062 1,227 1,502
Consolidated Net Income / (Loss)
334 324 543 699 949 1,086 1,842 1,061 1,198 1,512
Net Income / (Loss) Continuing Operations
287 611 628 702 953 1,088 1,843 1,061 1,198 1,512
Total Pre-Tax Income
396 884 889 908 1,113 1,322 2,283 1,273 1,221 1,597
Total Operating Income
632 1,055 893 920 1,092 1,226 2,109 1,127 1,426 1,918
Total Gross Profit
1,515 2,160 2,043 2,102 2,334 5,308 5,376 4,927 5,113 5,524
Total Revenue
3,885 5,992 5,897 6,168 6,801 18,194 17,814 17,062 19,419 21,325
Operating Revenue
3,885 5,992 5,897 6,168 6,801 18,194 17,814 17,062 19,419 21,325
Total Cost of Revenue
2,370 3,832 3,854 4,066 4,467 12,886 12,438 12,135 14,306 15,801
Operating Cost of Revenue
2,370 3,832 3,854 4,066 4,467 12,886 12,438 12,135 14,306 15,801
Total Operating Expenses
883 1,105 1,150 1,182 1,242 4,082 3,267 3,800 3,687 3,606
Selling, General & Admin Expense
883 1,105 1,150 1,182 1,242 3,315 3,280 2,998 3,313 3,568
Impairment Charge
- - - 0.00 0.00 767 207 802 374 38
Total Other Income / (Expense), net
-236 -171 -4.00 -12 21 96 174 146 -205 -321
Interest & Investment Income
2.00 2.00 2.00 2.00 - - - -279 -543 -675
Other Income / (Expense), net
-108 10 166 156 188 350 439 425 338 354
Income Tax Expense
109 273 261 206 160 234 440 212 23 85
Net Income / (Loss) Attributable to Noncontrolling Interest
- - 0.00 0.00 0.00 -33 -4.00 -1.00 -29 10
Basic Earnings per Share
$3.15 $2.61 $4.42 $5.88 $8.03 $5.23 $9.17 $5.54 $6.47 $7.91
Weighted Average Basic Shares Outstanding
105.70M 123.80M 122.90M 118.90M - 205.57M 193.07M 190.09M 190.11M 188.31M
Diluted Earnings per Share
$3.11 $2.59 $4.36 $5.76 $7.86 $5.19 $9.09 $5.49 $6.44 $7.87
Weighted Average Diluted Shares Outstanding
105.70M 123.80M 122.90M 118.90M - 205.57M 193.07M 190.09M 190.11M 188.31M
Weighted Average Basic & Diluted Shares Outstanding
105.70M 123.80M 122.90M 118.90M - 205.57M 193.07M 190.09M 190.11M 188.31M
Cash Dividends to Common per Share
- - - - - $3.40 $4.08 $4.48 $4.56 $4.64

Quarterly Income Statements for L3Harris Technologies

This table shows L3Harris Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 1/3/2025 3/28/2025
Net Income / (Loss) Attributable to Common Shareholders
-300 416 337 349 383 158 283 366 400 453 386
Consolidated Net Income / (Loss)
-301 417 339 351 382 126 285 367 404 456 386
Net Income / (Loss) Continuing Operations
-301 417 339 351 382 126 285 367 404 456 386
Total Pre-Tax Income
-321 533 373 372 400 76 290 390 430 487 459
Total Operating Income
-350 495 393 400 479 154 378 476 495 569 525
Total Gross Profit
1,194 1,262 1,166 1,187 1,307 1,453 1,348 1,360 1,419 1,397 1,350
Total Revenue
4,246 4,578 4,471 4,693 4,915 5,340 5,211 5,299 5,292 5,523 5,132
Operating Revenue
4,246 4,578 4,471 4,693 4,915 5,340 5,211 5,299 5,292 5,523 5,132
Total Cost of Revenue
3,052 3,316 3,305 3,506 3,608 3,887 3,863 3,939 3,873 4,126 3,782
Operating Cost of Revenue
3,052 3,316 3,305 3,506 3,608 3,887 3,863 3,939 3,873 4,126 3,782
Total Operating Expenses
1,544 767 773 787 828 1,299 970 884 924 828 825
Selling, General & Admin Expense
742 767 773 787 828 925 970 884 924 790 825
Total Other Income / (Expense), net
29 38 -20 -28 -79 -78 -88 -86 -65 -82 -66
Interest & Investment Income
- - - - - - - - - - -150
Other Income / (Expense), net
99 112 82 83 80 93 88 86 101 79 84
Income Tax Expense
-20 116 34 21 18 -50 5.00 23 26 31 73
Net Income / (Loss) Attributable to Noncontrolling Interest
-1.00 1.00 2.00 2.00 -1.00 -32 2.00 1.00 4.00 3.00 0.00
Basic Earnings per Share
($1.56) $2.19 $1.77 $1.84 $2.02 $0.84 $1.49 $1.93 $2.11 $2.38 $2.05
Weighted Average Basic Shares Outstanding
191.30M 190.09M 190.20M 189.20M 189.30M 190.11M 189.80M 189.70M 189.60M 188.31M 188.50M
Diluted Earnings per Share
($1.56) $2.19 $1.76 $1.83 $2.02 $0.83 $1.48 $1.92 $2.10 $2.37 $2.04
Weighted Average Diluted Shares Outstanding
191.30M 190.09M 191.20M 190.10M 190.10M 190.11M 190.80M 190.60M 190.50M 188.31M 189.10M
Weighted Average Basic & Diluted Shares Outstanding
190.40M 190.09M 189.45M 189.13M 189.54M 190.11M 189.68M 189.71M 189.67M 188.31M 186.95M
Cash Dividends to Common per Share
$1.12 - $1.14 $1.14 $1.14 $1.14 $1.16 $1.16 $1.16 $1.16 $1.20

Annual Cash Flow Statements for L3Harris Technologies

This table details how cash moves in and out of L3Harris Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 1/1/2021 12/31/2021 12/30/2022 12/29/2023 1/3/2025
Net Change in Cash & Equivalents
-80 6.00 465 -195 242 452 -335 -61 -320 55
Net Cash From Operating Activities
854 924 569 751 1,185 2,790 2,687 2,158 2,096 2,559
Net Cash From Continuing Operating Activities
854 924 1,033 751 1,185 2,790 2,687 2,158 2,096 2,559
Net Income / (Loss) Continuing Operations
334 324 543 699 949 1,086 1,842 1,061 1,198 1,512
Consolidated Net Income / (Loss)
334 324 543 699 949 1,086 1,842 1,061 1,198 1,512
Depreciation Expense
233 229 311 142 143 323 340 938 1,166 1,289
Non-Cash Adjustments To Reconcile Net Income
191 390 -373 -415 -10 669 -823 732 481 -81
Changes in Operating Assets and Liabilities, net
85 -151 88 208 -12 3.00 701 -573 -749 -161
Net Cash From Investing Activities
-3,284 -1.00 870 -141 -159 751 1,394 -250 -7,021 -263
Net Cash From Continuing Investing Activities
-3,284 -1.00 870 -141 -159 751 1,394 -250 -7,021 -263
Purchase of Property, Plant & Equipment
-148 -152 -119 -136 -161 -368 -342 -252 -449 -408
Acquisitions
-3,186 - - - - -12 0.00 0.00 -6,688 0.00
Sale of Property, Plant & Equipment
- - 0.00 0.00 0.00 91 7.00 14 56 1.00
Divestitures
50 170 1,014 0.00 0.00 1,040 1,729 23 71 273
Other Investing Activities, net
0.00 0.00 -25 -5.00 2.00 0.00 0.00 -35 -11 -129
Net Cash From Financing Activities
2,373 -893 -1,438 -805 -781 -3,112 -4,413 -1,951 4,594 -2,224
Net Cash From Continuing Financing Activities
2,373 -893 -1,438 -805 -781 -3,112 -4,413 -1,951 4,594 -2,224
Repayment of Debt
-1,009 -746 -584 -1,665 -309 -937 -24 -65 -2,793 -4,432
Repurchase of Common Equity
-150 0.00 -710 -272 -200 -2,290 -3,675 -1,083 -518 -554
Payment of Dividends
-198 -252 -262 -272 -325 -725 -817 -864 -868 -886
Issuance of Debt
3,683 61 85 1,387 27 901 6.00 4.00 8,749 3,515
Other Financing Activities, net
47 44 33 17 26 -61 97 57 24 133
Effect of Exchange Rate Changes
-23 -24 - - - 23 -3.00 - 11 -17

Quarterly Cash Flow Statements for L3Harris Technologies

This table details how cash moves in and out of L3Harris Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 1/3/2025 3/28/2025
Net Change in Cash & Equivalents
109 351 -335 -179 133 61 -83 70 -8.00 76 -98
Net Cash From Operating Activities
588 782 350 414 543 789 -104 754 780 1,129 -42
Net Cash From Continuing Operating Activities
588 782 350 414 543 789 -104 754 780 1,129 -42
Net Income / (Loss) Continuing Operations
-301 417 339 351 382 126 285 367 404 456 386
Consolidated Net Income / (Loss)
-301 417 339 351 382 126 285 367 404 456 386
Depreciation Expense
81 695 85 421 310 350 103 536 324 326 301
Non-Cash Adjustments To Reconcile Net Income
688 93 -260 126 28 587 -316 203 -199 231 -417
Changes in Operating Assets and Liabilities, net
-31 31 21 -319 -177 -274 -393 -135 251 116 -312
Net Cash From Investing Activities
-67 -62 -2,048 -26 -4,864 -83 -116 58 -93 -112 744
Net Cash From Continuing Investing Activities
-67 -62 -2,048 -26 -4,864 -83 -116 58 -93 -112 744
Purchase of Property, Plant & Equipment
-64 -71 -71 -93 -148 -137 -115 -97 -78 -118 -59
Divestitures
3.00 18 - - - - - - - 115 831
Other Investing Activities, net
5.00 -42 -4.00 -4.00 -1.00 -2.00 -1.00 -3.00 -15 -110 -28
Net Cash From Financing Activities
-392 -385 1,361 -567 4,460 -660 144 -744 -709 -915 -805
Net Cash From Continuing Financing Activities
-392 -385 1,361 -567 4,460 -660 144 -744 -709 -915 -805
Repayment of Debt
-4.00 -48 -282 -274 -1,307 -930 -2,151 -1,108 -498 -675 -8.00
Repurchase of Common Equity
-171 -183 -396 -122 - - -233 -89 -190 -42 -569
Payment of Dividends
-215 -214 -220 -216 -216 -216 -224 -221 -220 -221 -228
Issuance of Debt
-2.00 -1.00 2,248 56 5,965 480 2,717 709 88 1.00 0.00
Effect of Exchange Rate Changes
-20 - 2.00 - -6.00 15 -7.00 2.00 14 -26 5.00

Annual Balance Sheets for L3Harris Technologies

This table presents L3Harris Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 1/1/2021 12/31/2021 12/30/2022 12/29/2023 1/3/2025
Total Assets
13,127 12,009 10,090 9,851 10,117 36,960 34,709 33,524 41,687 42,001
Total Current Assets
3,183 2,624 2,073 2,224 2,578 6,667 6,359 6,754 8,055 8,218
Cash & Equivalents
481 487 484 288 530 1,276 941 880 560 615
Accounts Receivable
1,168 674 623 466 457 1,344 1,045 1,251 1,230 1,072
Inventories, net
1,015 867 841 411 360 1,034 982 1,291 1,472 1,330
Current Deferred & Refundable Income Taxes
87 75 24 174 191 295 98 - 61 379
Other Current Assets
165 124 101 885 907 2,683 3,293 3,285 3,626 3,691
Other Current Nonoperating Assets
- 397 - 0.00 133 35 0.00 47 1,106 1,131
Plant, Property, & Equipment, net
1,165 924 904 900 894 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets
8,779 8,461 7,113 6,727 6,645 30,293 28,350 26,770 33,632 33,783
Goodwill
6,348 5,352 5,366 5,372 5,340 18,876 18,189 17,283 19,979 20,325
Intangible Assets
1,775 1,231 1,104 989 870 7,908 6,640 6,001 8,540 7,639
Noncurrent Deferred & Refundable Income Taxes
502 549 409 119 173 119 85 73 91 120
Other Noncurrent Operating Assets
154 252 234 247 262 3,390 3,436 3,413 5,022 5,699
Total Liabilities & Shareholders' Equity
13,127 12,009 10,090 9,851 10,117 36,960 34,709 33,524 41,687 42,001
Total Liabilities
9,725 8,952 7,162 6,573 6,754 16,119 15,390 14,900 22,858 22,422
Total Current Liabilities
2,274 1,981 1,926 1,850 2,268 4,240 4,551 5,776 8,004 7,633
Short-Term Debt
163 397 634 382 759 10 13 820 1,965 1,155
Accounts Payable
581 494 540 622 525 1,406 1,767 1,945 2,106 2,005
Current Deferred Revenue
433 294 252 - - - - - 1,900 2,142
Current Deferred & Payable Income Tax Liabilities
57 4.00 31 15 8.00 49 28 376 88 29
Current Employee Benefit Liabilities
522 165 140 142 161 496 444 398 544 419
Other Current Liabilities
- - - 372 496 1,198 1,297 1,400 1,129 1,648
Other Current Nonoperating Liabilities
28 248 - 0.00 36 13 0.00 19 272 235
Total Noncurrent Liabilities
7,451 6,971 5,236 4,723 4,486 11,879 10,839 9,124 14,854 14,789
Long-Term Debt
5,053 4,120 3,396 3,408 2,763 6,943 7,048 6,225 11,160 11,081
Noncurrent Deferred & Payable Income Tax Liabilities
- 4.00 34 79 12 1,237 1,344 719 815 942
Other Noncurrent Operating Liabilities
443 506 528 522 537 1,793 1,833 2,180 2,879 2,766
Total Equity & Noncontrolling Interests
3,402 3,057 2,928 3,278 3,363 20,841 19,319 18,624 18,829 19,579
Total Preferred & Common Equity
3,397 3,056 2,928 3,278 3,363 20,724 19,213 18,523 18,765 19,514
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
3,397 3,056 2,928 3,278 3,363 20,724 19,213 18,523 18,765 19,514
Common Stock
2,155 2,221 1,861 1,832 1,897 19,216 16,442 15,868 15,743 15,748
Retained Earnings
1,258 1,330 1,343 1,648 2,173 2,347 2,917 2,943 3,220 3,739
Accumulated Other Comprehensive Income / (Loss)
-16 -495 -276 -202 -707 -839 -146 -288 -198 27
Noncontrolling Interest
5.00 1.00 - 0.00 0.00 117 106 101 64 65

Quarterly Balance Sheets for L3Harris Technologies

This table presents L3Harris Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 1/3/2025 3/28/2025
Total Assets
33,381 33,524 35,507 35,362 42,293 41,687 41,816 41,657 41,889 42,001 41,248
Total Current Assets
6,431 6,754 7,000 6,850 7,501 8,055 8,266 8,047 8,302 8,218 7,596
Cash & Equivalents
529 880 545 366 499 560 477 547 539 615 517
Accounts Receivable
1,138 1,251 1,231 1,383 1,381 1,230 1,209 1,230 1,042 1,072 1,501
Inventories, net
1,339 1,291 1,541 1,555 1,638 1,472 1,476 1,432 1,399 1,330 1,252
Current Deferred & Refundable Income Taxes
44 - 41 48 43 61 - - 329 379 205
Other Current Assets
3,381 3,285 3,581 3,498 3,940 3,626 3,968 3,711 3,863 3,691 4,121
Other Current Nonoperating Assets
- 47 61 0.00 0.00 1,106 1,136 1,127 1,130 1,131 0.00
Plant, Property, & Equipment, net
0.00 0.00 2,133 0.00 2,818 0.00 2,836 0.00 2,795 0.00 2,755
Total Noncurrent Assets
26,950 26,770 26,374 28,512 31,974 33,632 30,714 33,610 30,792 33,783 30,897
Goodwill
17,260 17,283 18,291 18,417 20,736 19,979 20,070 20,367 20,433 20,325 20,337
Intangible Assets
6,148 6,001 6,688 6,401 9,050 8,540 8,340 8,080 7,874 7,639 7,448
Noncurrent Deferred & Refundable Income Taxes
84 73 74 84 87 91 113 134 119 120 128
Other Noncurrent Operating Assets
3,458 3,413 1,321 3,610 2,101 5,022 2,191 5,029 2,366 5,699 2,984
Total Liabilities & Shareholders' Equity
33,381 33,524 35,507 35,362 42,293 41,687 41,816 41,657 41,889 42,001 41,248
Total Liabilities
14,942 14,900 17,099 16,831 23,577 22,858 23,086 22,753 22,827 22,422 22,118
Total Current Liabilities
5,853 5,776 6,151 6,309 8,482 8,004 8,437 8,981 7,973 7,633 7,449
Short-Term Debt
1,065 820 813 943 2,396 1,965 2,568 2,719 1,817 1,155 1,275
Accounts Payable
2,078 1,945 2,054 2,029 2,112 2,106 2,112 1,896 2,049 2,005 2,047
Current Employee Benefit Liabilities
349 398 285 389 461 544 379 445 402 419 314
Other Current Liabilities
1,158 1,400 1,525 1,648 1,940 1,129 1,777 1,889 3,427 1,648 3,813
Other Current Nonoperating Liabilities
- 19 20 0.00 0.00 272 245 243 243 235 0.00
Total Noncurrent Liabilities
9,089 9,124 10,948 10,522 15,095 14,854 14,649 13,772 14,854 14,789 14,669
Long-Term Debt
5,967 6,225 8,220 7,867 11,140 11,160 11,140 10,533 11,093 11,081 10,977
Noncurrent Deferred & Payable Income Tax Liabilities
876 719 570 452 812 815 683 443 885 942 842
Other Noncurrent Operating Liabilities
1,900 2,180 1,950 2,019 2,215 2,879 2,826 2,796 2,876 2,766 2,850
Total Equity & Noncontrolling Interests
18,439 18,624 18,408 18,531 18,716 18,829 18,730 18,904 19,062 19,579 19,130
Total Preferred & Common Equity
18,337 18,523 18,306 18,428 18,616 18,765 18,666 18,840 18,998 19,514 19,131
Total Common Equity
18,337 18,523 18,306 18,428 18,616 18,765 18,666 18,840 18,998 19,514 19,131
Common Stock
15,935 15,868 15,596 15,580 15,659 15,743 15,661 15,706 15,677 15,748 15,358
Retained Earnings
2,768 2,943 2,998 3,111 3,278 3,220 3,239 3,368 3,515 3,739 3,787
Accumulated Other Comprehensive Income / (Loss)
-366 -288 -288 -263 -321 -198 -234 -234 -194 27 -14
Noncontrolling Interest
102 101 102 103 100 64 64 64 64 65 -1.00

Annual Metrics and Ratios for L3Harris Technologies

This table displays calculated financial ratios and metrics derived from L3Harris Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 1/1/2021 12/31/2021 12/30/2022 12/29/2023 1/3/2025
Growth Metrics
- - - - - - - - - -
Revenue Growth
-22.49% 54.23% -1.59% 4.60% 10.26% 167.52% -2.09% -4.22% 13.81% 9.82%
EBITDA Growth
-29.54% 85.68% -3.93% -2.55% 15.21% 69.57% 34.78% -29.16% 17.67% 21.54%
EBIT Growth
-40.86% 103.24% -0.56% 1.61% 18.96% 23.13% 61.68% -39.09% 13.66% 28.80%
NOPAT Growth
-23.40% 59.20% -13.49% 12.75% 31.46% 7.91% 68.74% -44.83% 48.95% 29.79%
Net Income Growth
-37.45% -2.99% 67.59% 28.73% 35.77% 14.44% 69.61% -42.40% 12.91% 26.21%
EPS Growth
-37.17% -16.72% 68.34% 32.11% 36.46% -33.97% 75.14% -39.60% 17.30% 22.21%
Operating Cash Flow Growth
0.59% 8.20% -38.42% 31.99% 57.79% 135.44% -3.69% -19.69% -2.87% 22.09%
Free Cash Flow Firm Growth
-783.51% 159.66% -97.69% 545.08% 259.51% -1,419.75% 114.35% -41.39% -372.05% 147.09%
Invested Capital Growth
174.33% -25.22% 9.62% 4.73% -7.70% 323.39% -3.99% -2.67% 23.42% -0.84%
Revenue Q/Q Growth
-20.35% 10.03% 12.52% 2.02% -26.87% 43.31% -1.71% 1.35% 4.08% 0.87%
EBITDA Q/Q Growth
-27.93% 29.28% 1.86% 20.38% -22.36% 75.62% 10.15% -2.01% -19.39% 11.84%
EBIT Q/Q Growth
-38.08% 39.95% 5.16% 3.16% -8.83% 9.98% 15.61% -3.00% -16.95% 21.43%
NOPAT Q/Q Growth
-23.42% 19.49% -8.46% 29.46% 6.72% -8.01% 31.38% -18.33% -10.77% 21.23%
Net Income Q/Q Growth
-35.89% 200.00% -6.70% 15.16% -12.62% 11.04% 19.46% -5.94% -19.54% 27.92%
EPS Q/Q Growth
-36.79% 264.79% -6.24% 14.97% 7.82% -21.24% 0.00% 0.00% -17.44% 24.33%
Operating Cash Flow Q/Q Growth
8.10% -4.35% -37.20% 142.26% -10.09% 12.50% 4.84% -1.82% 0.34% 15.32%
Free Cash Flow Firm Q/Q Growth
-711.24% 166.58% -97.03% 392.47% 46.42% -0.58% -3.68% -1.81% 16.08% -23.40%
Invested Capital Q/Q Growth
167.20% -22.83% 4.00% -1.92% -7.89% -1.90% 0.00% -0.73% -3.76% -0.79%
Profitability Metrics
- - - - - - - - - -
Gross Margin
39.00% 36.05% 34.64% 34.08% 34.32% 29.17% 30.18% 28.88% 26.33% 25.90%
EBITDA Margin
19.77% 23.80% 23.23% 21.64% 22.61% 14.33% 19.73% 14.59% 15.09% 16.70%
Operating Margin
16.27% 17.61% 15.14% 14.92% 16.06% 6.74% 11.84% 6.61% 7.34% 8.99%
EBIT Margin
13.49% 17.77% 17.96% 17.44% 18.82% 8.66% 14.30% 9.10% 9.08% 10.65%
Profit (Net Income) Margin
8.60% 5.41% 9.21% 11.33% 13.95% 5.97% 10.34% 6.22% 6.17% 7.09%
Tax Burden Percent
84.34% 36.65% 61.08% 76.98% 85.27% 82.15% 80.68% 83.35% 98.12% 94.68%
Interest Burden Percent
75.57% 83.00% 83.95% 84.39% 86.95% 83.88% 89.60% 82.02% 69.22% 70.29%
Effective Tax Rate
27.53% 30.88% 29.36% 22.69% 14.38% 17.70% 19.27% 16.65% 1.88% 5.32%
Return on Invested Capital (ROIC)
8.50% 10.56% 10.19% 10.73% 14.34% 6.16% 6.56% 3.74% 5.06% 5.97%
ROIC Less NNEP Spread (ROIC-NNEP)
4.03% -0.47% 7.44% 10.38% 14.78% 7.96% 8.93% 5.73% 2.81% 3.26%
Return on Net Nonoperating Assets (RNNOA)
4.28% -0.53% 7.95% 11.79% 14.24% 2.81% 2.62% 1.85% 1.34% 1.91%
Return on Equity (ROE)
12.78% 10.03% 18.15% 22.53% 28.58% 8.97% 9.17% 5.59% 6.40% 7.87%
Cash Return on Invested Capital (CROIC)
-84.64% 39.43% 1.02% 6.12% 22.35% -117.41% 10.63% 6.44% -15.91% 6.81%
Operating Return on Assets (OROA)
5.81% 8.47% 9.58% 10.79% 12.82% 6.70% 7.11% 4.55% 4.69% 5.43%
Return on Assets (ROA)
3.70% 2.58% 4.91% 7.01% 9.51% 4.61% 5.14% 3.11% 3.19% 3.61%
Return on Common Equity (ROCE)
12.77% 10.02% 18.14% 22.53% 28.58% 8.93% 9.12% 5.56% 6.37% 7.85%
Return on Equity Simple (ROE_SIMPLE)
9.83% 10.60% 18.55% 21.32% 28.22% 5.24% 9.59% 5.73% 6.38% 7.75%
Net Operating Profit after Tax (NOPAT)
458 729 631 711 935 1,009 1,703 939 1,399 1,816
NOPAT Margin
11.79% 12.17% 10.70% 11.53% 13.75% 5.55% 9.56% 5.51% 7.21% 8.52%
Net Nonoperating Expense Percent (NNEP)
4.47% 11.03% 2.75% 0.35% -0.44% -1.80% -2.37% -1.99% 2.25% 2.71%
Return On Investment Capital (ROIC_SIMPLE)
5.31% 9.63% 9.07% 10.06% 13.58% 3.63% 6.45% 3.66% 4.38% 5.71%
Cost of Revenue to Revenue
61.00% 63.95% 65.36% 65.92% 65.68% 70.83% 69.82% 71.12% 73.67% 74.10%
SG&A Expenses to Revenue
22.73% 18.44% 19.50% 19.16% 18.26% 18.22% 18.41% 17.57% 17.06% 16.73%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
22.73% 18.44% 19.50% 19.16% 18.26% 22.44% 18.34% 22.27% 18.99% 16.91%
Earnings before Interest and Taxes (EBIT)
524 1,065 1,059 1,076 1,280 1,576 2,548 1,552 1,764 2,272
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
768 1,426 1,370 1,335 1,538 2,608 3,515 2,490 2,930 3,561
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.97 2.85 3.92 4.60 5.93 1.75 2.03 2.04 2.07 2.03
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.72 1.46 1.95 2.44 2.93 2.00 2.19 2.21 2.00 1.86
Price to Earnings (P/E)
20.04 26.91 21.15 21.55 21.02 32.49 21.15 35.50 31.71 26.34
Dividend Yield
3.59% 2.86% 2.25% 1.80% 1.96% 1.96% 2.05% 2.26% 2.22% 2.22%
Earnings Yield
4.99% 3.72% 4.73% 4.64% 4.76% 3.08% 4.73% 2.82% 3.15% 3.80%
Enterprise Value to Invested Capital (EV/IC)
1.41 2.16 2.32 2.74 3.67 1.59 1.78 1.78 1.69 1.69
Enterprise Value to Revenue (EV/Rev)
2.87 2.13 2.55 3.01 3.37 2.32 2.54 2.58 2.65 2.40
Enterprise Value to EBITDA (EV/EBITDA)
14.54 8.94 10.97 13.91 14.92 16.16 12.88 17.66 17.59 14.39
Enterprise Value to EBIT (EV/EBIT)
21.31 11.97 14.20 17.26 17.92 26.75 17.77 28.33 29.22 22.56
Enterprise Value to NOPAT (EV/NOPAT)
24.38 17.48 23.83 26.10 24.53 41.78 26.59 46.81 36.83 28.22
Enterprise Value to Operating Cash Flow (EV/OCF)
13.07 13.80 26.42 24.72 19.36 15.11 16.85 20.37 24.59 20.03
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 4.69 239.27 45.81 15.74 0.00 16.40 27.19 0.00 24.74
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.53 1.48 1.38 1.16 1.05 0.33 0.37 0.38 0.70 0.63
Long-Term Debt to Equity
1.49 1.35 1.16 1.04 0.82 0.33 0.36 0.33 0.59 0.57
Financial Leverage
1.06 1.14 1.07 1.14 0.96 0.35 0.29 0.32 0.48 0.58
Leverage Ratio
3.45 3.89 3.69 3.21 3.01 1.95 1.78 1.80 2.01 2.18
Compound Leverage Factor
2.61 3.23 3.10 2.71 2.61 1.63 1.60 1.48 1.39 1.53
Debt to Total Capital
60.52% 59.64% 57.92% 53.62% 51.15% 25.02% 26.77% 27.45% 41.07% 38.46%
Short-Term Debt to Total Capital
1.89% 5.24% 9.11% 5.40% 11.02% 0.04% 0.05% 3.19% 6.15% 3.63%
Long-Term Debt to Total Capital
58.63% 54.40% 48.81% 48.22% 40.13% 24.98% 26.72% 24.25% 34.93% 34.83%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.06% 0.01% 0.00% 0.00% 0.00% 0.42% 0.40% 0.39% 0.20% 0.20%
Common Equity to Total Capital
39.42% 40.35% 42.08% 46.38% 48.85% 74.56% 72.83% 72.16% 58.73% 61.34%
Debt to EBITDA
6.79 3.17 2.94 2.84 2.29 2.67 2.01 2.83 4.48 3.44
Net Debt to EBITDA
5.82 2.83 2.59 2.62 1.95 2.18 1.74 2.48 4.29 3.26
Long-Term Debt to EBITDA
6.58 2.89 2.48 2.55 1.80 2.66 2.01 2.50 3.81 3.11
Debt to NOPAT
11.39 6.19 6.39 5.33 3.77 6.89 4.15 7.50 9.38 6.74
Net Debt to NOPAT
9.75 5.53 5.62 4.92 3.20 5.63 3.59 6.56 8.98 6.40
Long-Term Debt to NOPAT
11.03 5.65 5.38 4.79 2.96 6.88 4.14 6.63 7.98 6.10
Altman Z-Score
1.06 1.60 2.10 2.64 3.20 2.15 2.46 2.34 1.74 1.89
Noncontrolling Interest Sharing Ratio
0.08% 0.09% 0.02% 0.00% 0.00% 0.48% 0.56% 0.55% 0.44% 0.34%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.40 1.32 1.08 1.20 1.14 1.57 1.40 1.17 1.01 1.08
Quick Ratio
0.84 0.59 0.57 0.41 0.44 0.62 0.44 0.37 0.22 0.22
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-4,561 2,721 63 405 1,457 -19,229 2,760 1,617 -4,400 2,072
Operating Cash Flow to CapEx
577.03% 607.89% 478.15% 552.21% 736.02% 1,007.22% 802.09% 906.72% 533.33% 628.75%
Free Cash Flow to Firm to Interest Expense
-35.08 14.87 0.37 2.38 8.72 -75.70 10.41 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
6.57 5.05 3.31 4.42 7.10 10.98 10.14 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
5.43 4.22 2.62 3.62 6.13 9.89 8.88 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.43 0.48 0.53 0.62 0.68 0.77 0.50 0.50 0.52 0.51
Accounts Receivable Turnover
4.48 6.51 9.09 11.33 14.74 20.20 14.91 14.86 15.65 18.53
Inventory Turnover
2.90 4.07 4.51 6.50 11.59 18.49 12.34 10.68 10.36 11.28
Fixed Asset Turnover
4.10 5.74 6.45 6.84 7.58 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
5.24 7.13 7.45 7.00 7.79 13.35 7.84 6.54 7.06 7.69
Days Sales Outstanding (DSO)
81.46 56.10 40.14 32.22 24.77 18.07 24.47 24.56 23.32 19.70
Days Inventory Outstanding (DIO)
125.82 89.63 80.88 56.20 31.50 19.74 29.58 34.18 35.25 32.36
Days Payable Outstanding (DPO)
69.69 51.20 48.96 52.16 46.86 27.35 46.56 55.83 51.68 47.48
Cash Conversion Cycle (CCC)
137.59 94.54 72.06 36.26 9.41 10.46 7.50 2.92 6.89 4.58
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
7,898 5,906 6,474 6,780 6,258 26,496 25,439 24,761 30,560 30,304
Invested Capital Turnover
0.72 0.87 0.95 0.93 1.04 1.11 0.69 0.68 0.70 0.70
Increase / (Decrease) in Invested Capital
5,019 -1,992 568 306 -522 20,238 -1,057 -678 5,799 -256
Enterprise Value (EV)
11,165 12,749 15,033 18,567 22,939 42,153 45,269 43,968 51,537 51,252
Market Capitalization
6,692 8,718 11,487 15,065 19,947 36,359 39,043 37,702 38,908 39,566
Book Value per Share
$32.56 $24.50 $24.02 $27.61 $28.47 $98.63 $97.91 $97.28 $99.00 $102.88
Tangible Book Value per Share
($45.30) ($28.28) ($29.05) ($25.97) ($24.10) ($28.84) ($28.62) ($25.00) ($51.46) ($44.55)
Total Capital
8,618 7,574 6,958 7,068 6,885 27,794 26,380 25,669 31,954 31,815
Total Debt
5,216 4,517 4,030 3,790 3,522 6,953 7,061 7,045 13,125 12,236
Total Long-Term Debt
5,053 4,120 3,396 3,408 2,763 6,943 7,048 6,225 11,160 11,081
Net Debt
4,468 4,030 3,546 3,502 2,992 5,677 6,120 6,165 12,565 11,621
Capital Expenditures (CapEx)
148 152 119 136 161 277 335 238 393 407
Debt-free, Cash-free Net Working Capital (DFCFNWC)
324 553 297 468 539 1,161 880 918 1,456 1,125
Debt-free Net Working Capital (DFNWC)
1,072 1,040 781 756 1,069 2,437 1,821 1,798 2,016 1,740
Net Working Capital (NWC)
909 643 147 374 310 2,427 1,808 978 51 585
Net Nonoperating Expense (NNE)
124 405 88 12 -14 -77 -139 -122 201 304
Net Nonoperating Obligations (NNO)
4,496 2,849 3,546 3,502 2,895 5,655 6,120 6,137 11,731 10,725
Total Depreciation and Amortization (D&A)
244 361 311 259 258 1,032 967 938 1,166 1,289
Debt-free, Cash-free Net Working Capital to Revenue
8.34% 9.23% 5.04% 7.59% 7.93% 6.38% 4.94% 5.38% 7.50% 5.28%
Debt-free Net Working Capital to Revenue
27.59% 17.36% 13.24% 12.26% 15.72% 13.39% 10.22% 10.54% 10.38% 8.16%
Net Working Capital to Revenue
23.40% 10.73% 2.49% 6.06% 4.56% 13.34% 10.15% 5.73% 0.26% 2.74%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$3.15 $2.61 $4.50 $6.04 $8.03 $5.23 $9.17 $5.54 $6.47 $7.91
Adjusted Weighted Average Basic Shares Outstanding
124.07M 124.22M 119.76M 117.32M 0.00 205.57M 193.07M 190.09M 190.11M 188.31M
Adjusted Diluted Earnings per Share
$3.11 $2.59 $4.44 $5.92 $7.86 $5.19 $9.09 $5.49 $6.44 $7.87
Adjusted Weighted Average Diluted Shares Outstanding
124.07M 124.22M 119.76M 117.32M 0.00 205.57M 193.07M 190.09M 190.11M 188.31M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $8.03 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
124.07M 124.22M 119.76M 117.32M 0.00 205.57M 193.07M 190.09M 190.11M 188.31M
Normalized Net Operating Profit after Tax (NOPAT)
458 729 631 711 935 1,640 1,692 1,608 1,766 1,852
Normalized NOPAT Margin
11.79% 12.17% 10.70% 11.53% 13.75% 9.02% 9.50% 9.42% 9.09% 8.68%
Pre Tax Income Margin
10.19% 14.75% 15.08% 14.72% 16.37% 7.27% 12.82% 7.46% 6.29% 7.49%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
4.03 5.82 6.16 6.33 7.66 6.20 9.62 0.00 0.00 0.00
NOPAT to Interest Expense
3.52 3.98 3.67 4.18 5.60 3.97 6.42 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
2.89 4.99 5.47 5.53 6.70 5.11 8.35 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
2.38 3.15 2.98 3.38 4.63 2.88 5.16 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
59.28% 77.78% 48.25% 38.91% 34.25% 66.76% 44.35% 81.43% 72.45% 58.60%
Augmented Payout Ratio
104.19% 77.78% 179.01% 77.83% 55.32% 277.62% 243.87% 183.51% 115.69% 95.24%

Quarterly Metrics and Ratios for L3Harris Technologies

This table displays calculated financial ratios and metrics derived from L3Harris Technologies' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 1/3/2025 3/28/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.40% 5.24% 8.97% 13.49% 15.76% 16.64% 16.55% 12.91% 7.67% 3.43% -1.52%
EBITDA Growth
-102.13% 44.83% -13.28% 9.58% 4,673.68% -54.15% 8.41% 21.46% 5.87% 63.15% 15.78%
EBIT Growth
-138.44% -7.33% -21.36% -18.41% 322.71% -59.31% -1.89% 16.36% 6.62% 162.35% 30.69%
NOPAT Growth
-158.20% -34.84% -19.07% -12.90% 286.71% -34.07% 4.01% 18.68% 1.67% 108.68% 18.85%
Net Income Growth
-162.84% -13.84% -28.63% -25.32% 226.91% -69.78% -15.93% 4.56% 5.76% 261.90% 35.44%
EPS Growth
0.00% 0.00% -27.87% -24.38% 229.49% -62.10% -15.91% 4.92% 3.96% 185.54% 37.84%
Operating Cash Flow Growth
21.49% -4.87% 797.44% -44.73% -7.65% 0.90% -129.71% 82.13% 43.65% 43.09% 59.62%
Free Cash Flow Firm Growth
-87.34% -35.49% -99.36% -30.98% -2,621.25% -620.40% -711.17% -322.49% 126.32% 114.23% 116.82%
Invested Capital Growth
-1.95% -2.67% 3.19% 4.49% 27.31% 23.42% 15.70% 13.90% -3.80% -0.84% -0.66%
Revenue Q/Q Growth
2.68% 7.82% -2.34% 4.97% 4.73% 8.65% -2.42% 1.69% -0.13% 4.37% -7.08%
EBITDA Q/Q Growth
-102.30% 6,952.63% -44.32% 24.69% -3.87% -31.30% 31.66% 39.69% -16.21% 5.87% -6.57%
EBIT Q/Q Growth
-142.40% 341.83% -21.75% 1.68% 15.74% -55.81% 88.66% 20.60% 6.05% 8.72% -6.02%
NOPAT Q/Q Growth
-156.54% 258.07% -7.77% 5.67% 21.20% -44.19% 45.50% 20.58% 3.83% 14.56% -17.13%
Net Income Q/Q Growth
-164.04% 238.54% -18.71% 3.54% 8.83% -67.02% 126.19% 28.77% 10.08% 12.87% -15.35%
EPS Q/Q Growth
-164.46% 240.38% -19.63% 3.98% 10.38% -58.91% 78.31% 29.73% 9.38% 12.86% -13.92%
Operating Cash Flow Q/Q Growth
-21.50% 32.99% -55.24% 18.29% 31.16% 45.30% -113.18% 825.00% 3.45% 44.74% -103.72%
Free Cash Flow Firm Q/Q Growth
142.23% 322.73% -144.48% -64.95% -712.91% 12.75% 30.67% 14.09% 150.64% -52.83% -18.04%
Invested Capital Q/Q Growth
-3.39% -0.73% 8.46% 0.45% 17.71% -3.76% 1.67% -1.11% -0.58% -0.79% 1.85%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
28.12% 27.57% 26.08% 25.29% 26.59% 27.21% 25.87% 25.67% 26.81% 25.29% 26.31%
EBITDA Margin
-0.45% 28.44% 16.22% 19.26% 17.68% 11.18% 15.08% 20.72% 17.38% 17.64% 17.73%
Operating Margin
-8.24% 10.81% 8.79% 8.52% 9.75% 2.88% 7.25% 8.98% 9.35% 10.30% 10.23%
EBIT Margin
-5.91% 13.26% 10.62% 10.29% 11.37% 4.63% 8.94% 10.61% 11.26% 11.73% 11.87%
Profit (Net Income) Margin
-7.09% 9.11% 7.58% 7.48% 7.77% 2.36% 5.47% 6.93% 7.63% 8.26% 7.52%
Tax Burden Percent
93.77% 78.24% 90.88% 94.35% 95.50% 165.79% 98.28% 94.10% 93.95% 93.63% 84.10%
Interest Burden Percent
127.89% 87.81% 78.53% 77.02% 71.56% 30.77% 62.23% 69.40% 72.15% 75.15% 75.37%
Effective Tax Rate
0.00% 21.76% 9.12% 5.65% 4.50% -65.79% 1.72% 5.90% 6.05% 6.37% 15.90%
Return on Invested Capital (ROIC)
-3.86% 5.75% 5.27% 5.48% 6.13% 3.36% 4.96% 6.08% 5.96% 6.76% 5.90%
ROIC Less NNEP Spread (ROIC-NNEP)
-4.76% 6.24% 5.03% 5.13% 5.35% 1.91% 4.13% 5.29% 5.47% 6.08% 5.44%
Return on Net Nonoperating Assets (RNNOA)
-1.55% 2.01% 2.01% 2.05% 2.82% 0.91% 2.31% 2.86% 3.55% 3.55% 3.46%
Return on Equity (ROE)
-5.40% 7.76% 7.28% 7.53% 8.94% 4.27% 7.27% 8.95% 9.51% 10.31% 9.36%
Cash Return on Invested Capital (CROIC)
6.54% 6.44% 0.08% -1.40% -18.50% -15.91% -9.66% -7.83% 8.68% 6.81% 6.75%
Operating Return on Assets (OROA)
-2.91% 6.63% 5.29% 5.33% 5.61% 2.39% 4.66% 5.72% 5.66% 5.98% 6.07%
Return on Assets (ROA)
-3.49% 4.56% 3.78% 3.87% 3.83% 1.22% 2.85% 3.73% 3.83% 4.21% 3.85%
Return on Common Equity (ROCE)
-5.37% 7.72% 7.24% 7.49% 8.89% 4.25% 7.24% 8.91% 9.47% 10.28% 9.35%
Return on Equity Simple (ROE_SIMPLE)
6.15% 0.00% 5.05% 4.37% 8.00% 0.00% 6.13% 6.16% 6.22% 0.00% 8.43%
Net Operating Profit after Tax (NOPAT)
-245 387 357 377 457 255 371 448 465 533 442
NOPAT Margin
-5.77% 8.46% 7.99% 8.04% 9.31% 4.78% 7.13% 8.45% 8.79% 9.65% 8.60%
Net Nonoperating Expense Percent (NNEP)
0.91% -0.49% 0.24% 0.35% 0.77% 1.45% 0.83% 0.80% 0.50% 0.68% 0.46%
Return On Investment Capital (ROIC_SIMPLE)
-0.96% 1.51% 1.30% 1.38% 1.42% 0.80% 1.15% 1.39% 1.45% 1.67% 1.41%
Cost of Revenue to Revenue
71.88% 72.43% 73.92% 74.71% 73.41% 72.79% 74.13% 74.33% 73.19% 74.71% 73.69%
SG&A Expenses to Revenue
17.48% 16.75% 17.29% 16.77% 16.85% 17.32% 18.61% 16.68% 17.46% 14.30% 16.08%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
36.36% 16.75% 17.29% 16.77% 16.85% 24.33% 18.61% 16.68% 17.46% 14.99% 16.08%
Earnings before Interest and Taxes (EBIT)
-251 607 475 483 559 247 466 562 596 648 609
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-19 1,302 725 904 869 597 786 1,098 920 974 910
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.05 2.04 1.95 1.94 1.71 2.07 2.12 2.23 2.32 2.03 2.05
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
2.24 2.21 2.05 1.98 1.71 2.00 1.96 2.02 2.09 1.86 1.84
Price to Earnings (P/E)
33.30 35.50 38.61 44.51 21.48 31.71 33.74 35.26 36.56 26.34 24.38
Dividend Yield
2.23% 2.26% 2.40% 2.40% 2.69% 2.22% 2.19% 2.08% 1.99% 2.22% 2.25%
Earnings Yield
3.00% 2.82% 2.59% 2.25% 4.66% 3.15% 2.96% 2.84% 2.74% 3.80% 4.10%
Enterprise Value to Invested Capital (EV/IC)
1.77 1.78 1.65 1.64 1.42 1.69 1.70 1.78 1.85 1.69 1.65
Enterprise Value to Revenue (EV/Rev)
2.63 2.58 2.54 2.46 2.41 2.65 2.62 2.64 2.68 2.40 2.39
Enterprise Value to EBITDA (EV/EBITDA)
17.41 17.66 18.71 17.04 12.39 17.59 17.99 17.47 17.76 14.39 13.80
Enterprise Value to EBIT (EV/EBIT)
27.65 28.33 31.10 33.67 21.20 29.22 30.13 29.84 30.23 22.56 21.06
Enterprise Value to NOPAT (EV/NOPAT)
38.46 46.81 51.97 56.01 28.72 36.83 37.28 36.68 37.76 28.22 26.96
Enterprise Value to Operating Cash Flow (EV/OCF)
20.13 20.37 17.93 20.73 21.56 24.59 32.20 27.61 25.49 20.03 19.40
Enterprise Value to Free Cash Flow (EV/FCFF)
26.86 27.19 2,141.69 0.00 0.00 0.00 0.00 0.00 20.91 24.74 24.32
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.38 0.38 0.49 0.48 0.72 0.70 0.73 0.70 0.68 0.63 0.64
Long-Term Debt to Equity
0.32 0.33 0.45 0.42 0.60 0.59 0.59 0.56 0.58 0.57 0.57
Financial Leverage
0.32 0.32 0.40 0.40 0.53 0.48 0.56 0.54 0.65 0.58 0.64
Leverage Ratio
1.80 1.80 1.85 1.84 2.04 2.01 2.08 2.06 2.23 2.18 2.19
Compound Leverage Factor
2.30 1.58 1.45 1.42 1.46 0.62 1.30 1.43 1.61 1.64 1.65
Debt to Total Capital
27.61% 27.45% 32.92% 32.22% 41.97% 41.07% 42.26% 41.21% 40.38% 38.46% 39.04%
Short-Term Debt to Total Capital
4.18% 3.19% 2.96% 3.45% 7.43% 6.15% 7.92% 8.46% 5.68% 3.63% 4.06%
Long-Term Debt to Total Capital
23.43% 24.25% 29.96% 28.77% 34.54% 34.93% 34.34% 32.76% 34.70% 34.83% 34.98%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.40% 0.39% 0.37% 0.38% 0.31% 0.20% 0.20% 0.20% 0.20% 0.20% 0.00%
Common Equity to Total Capital
71.99% 72.16% 66.71% 67.40% 57.72% 58.73% 57.54% 58.59% 59.42% 61.34% 60.96%
Debt to EBITDA
2.77 2.83 3.82 3.39 3.72 4.48 4.66 4.23 4.05 3.44 3.32
Net Debt to EBITDA
2.56 2.48 3.59 3.25 3.59 4.29 4.50 4.06 3.89 3.26 3.18
Long-Term Debt to EBITDA
2.35 2.50 3.47 3.03 3.06 3.81 3.79 3.36 3.48 3.11 2.98
Debt to NOPAT
6.11 7.50 10.61 11.15 8.63 9.38 9.66 8.88 8.62 6.74 6.50
Net Debt to NOPAT
5.65 6.56 9.97 10.69 8.31 8.98 9.33 8.51 8.26 6.40 6.22
Long-Term Debt to NOPAT
5.19 6.63 9.65 9.96 7.10 7.98 7.85 7.06 7.41 6.10 5.82
Altman Z-Score
2.13 2.24 1.93 1.97 1.38 1.62 1.65 1.74 1.84 1.76 1.76
Noncontrolling Interest Sharing Ratio
0.56% 0.55% 0.55% 0.55% 0.54% 0.44% 0.45% 0.45% 0.43% 0.34% 0.17%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.10 1.17 1.14 1.09 0.88 1.01 0.98 0.90 1.04 1.08 1.02
Quick Ratio
0.28 0.37 0.29 0.28 0.22 0.22 0.20 0.20 0.20 0.22 0.27
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
252 1,065 -474 -782 -6,354 -5,544 -3,844 -3,302 1,672 789 647
Operating Cash Flow to CapEx
1,013.79% 920.00% 492.96% 445.16% 366.89% 575.91% -90.43% 777.32% 1,000.00% 956.78% -71.19%
Free Cash Flow to Firm to Interest Expense
3.60 0.00 -4.65 -7.04 -39.96 0.00 -21.84 -19.20 10.07 0.00 0.00
Operating Cash Flow to Interest Expense
8.40 0.00 3.43 3.73 3.42 0.00 -0.59 4.38 4.70 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
7.57 0.00 2.74 2.89 2.48 0.00 -1.24 3.82 4.23 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.49 0.50 0.50 0.52 0.49 0.52 0.52 0.54 0.50 0.51 0.51
Accounts Receivable Turnover
15.55 14.86 13.87 13.98 14.81 15.65 16.52 15.89 17.45 18.53 15.68
Inventory Turnover
9.84 10.68 9.56 9.43 9.23 10.36 9.85 10.24 10.25 11.28 11.52
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 8.11 0.00 7.53 0.00 7.60
Accounts Payable Turnover
6.44 6.54 6.66 7.03 6.56 7.06 7.14 7.79 7.48 7.69 7.56
Days Sales Outstanding (DSO)
23.47 24.56 26.32 26.11 24.64 23.32 22.09 22.97 20.92 19.70 23.28
Days Inventory Outstanding (DIO)
37.09 34.18 38.17 38.72 39.56 35.25 37.04 35.64 35.62 32.36 31.67
Days Payable Outstanding (DPO)
56.66 55.83 54.79 51.93 55.67 51.68 51.15 46.83 48.80 47.48 48.28
Cash Conversion Cycle (CCC)
3.90 2.92 9.70 12.90 8.52 6.89 7.98 11.77 7.73 4.58 6.67
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
24,942 24,761 26,855 26,975 31,753 30,560 31,070 30,725 30,546 30,304 30,865
Invested Capital Turnover
0.67 0.68 0.66 0.68 0.66 0.70 0.70 0.72 0.68 0.70 0.69
Increase / (Decrease) in Invested Capital
-497 -678 831 1,159 6,811 5,799 4,215 3,750 -1,207 -256 -205
Enterprise Value (EV)
44,235 43,968 44,262 44,245 45,038 51,537 52,874 54,726 56,563 51,252 50,856
Market Capitalization
37,630 37,702 35,672 35,698 31,901 38,908 39,579 41,957 44,128 39,566 39,122
Book Value per Share
$95.83 $97.28 $96.30 $97.27 $98.43 $99.00 $98.35 $99.33 $100.14 $102.88 $101.59
Tangible Book Value per Share
($26.50) ($25.00) ($35.10) ($33.73) ($59.06) ($51.46) ($51.34) ($50.65) ($49.07) ($44.55) ($45.96)
Total Capital
25,471 25,669 27,441 27,341 32,252 31,954 32,438 32,156 31,972 31,815 31,382
Total Debt
7,032 7,045 9,033 8,810 13,536 13,125 13,708 13,252 12,910 12,236 12,252
Total Long-Term Debt
5,967 6,225 8,220 7,867 11,140 11,160 11,140 10,533 11,093 11,081 10,977
Net Debt
6,503 6,165 8,488 8,444 13,037 12,565 13,231 12,705 12,371 11,621 11,735
Capital Expenditures (CapEx)
58 85 71 93 148 137 115 97 78 118 59
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,114 918 1,117 1,118 916 1,456 1,920 1,238 1,607 1,125 905
Debt-free Net Working Capital (DFNWC)
1,643 1,798 1,662 1,484 1,415 2,016 2,397 1,785 2,146 1,740 1,422
Net Working Capital (NWC)
578 978 849 541 -981 51 -171 -934 329 585 147
Net Nonoperating Expense (NNE)
56 -30 18 26 75 129 86 81 61 77 56
Net Nonoperating Obligations (NNO)
6,503 6,137 8,447 8,444 13,037 11,731 12,340 11,821 11,484 10,725 11,735
Total Depreciation and Amortization (D&A)
232 695 250 421 310 350 320 536 324 326 301
Debt-free, Cash-free Net Working Capital to Revenue
6.62% 5.38% 6.41% 6.22% 4.91% 7.50% 9.52% 5.96% 7.60% 5.28% 4.26%
Debt-free Net Working Capital to Revenue
9.76% 10.54% 9.54% 8.25% 7.58% 10.38% 11.89% 8.60% 10.15% 8.16% 6.69%
Net Working Capital to Revenue
3.43% 5.73% 4.87% 3.01% -5.26% 0.26% -0.85% -4.50% 1.56% 2.74% 0.69%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
($1.56) $2.19 $1.77 $1.84 $2.02 $0.84 $1.49 $1.93 $2.11 $2.38 $2.05
Adjusted Weighted Average Basic Shares Outstanding
191.30M 190.09M 190.20M 189.20M 189.30M 190.11M 189.80M 189.70M 189.60M 188.31M 188.50M
Adjusted Diluted Earnings per Share
$0.00 $2.19 $1.76 $1.83 $2.02 $0.83 $1.48 $1.92 $2.10 $2.37 $2.04
Adjusted Weighted Average Diluted Shares Outstanding
191.30M 190.09M 191.20M 190.10M 190.10M 190.11M 190.80M 190.60M 190.50M 188.31M 189.10M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
190.40M 190.09M 189.45M 189.13M 189.54M 190.11M 189.68M 189.71M 189.67M 188.31M 186.95M
Normalized Net Operating Profit after Tax (NOPAT)
316 387 357 377 457 108 371 448 465 533 442
Normalized NOPAT Margin
7.45% 8.46% 7.99% 8.04% 9.31% 2.02% 7.13% 8.45% 8.79% 9.65% 8.60%
Pre Tax Income Margin
-7.56% 11.64% 8.34% 7.93% 8.14% 1.42% 5.57% 7.36% 8.13% 8.82% 8.94%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
-3.59 0.00 4.66 4.35 3.52 0.00 2.65 3.27 3.59 0.00 0.00
NOPAT to Interest Expense
-3.50 0.00 3.50 3.40 2.88 0.00 2.11 2.60 2.80 0.00 0.00
EBIT Less CapEx to Interest Expense
-4.41 0.00 3.96 3.51 2.58 0.00 1.99 2.70 3.12 0.00 0.00
NOPAT Less CapEx to Interest Expense
-4.33 0.00 2.81 2.56 1.95 0.00 1.46 2.04 2.33 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
75.27% 81.43% 93.62% 107.32% 58.16% 72.45% 76.22% 75.60% 74.53% 58.60% 55.18%
Augmented Payout Ratio
225.98% 183.51% 220.22% 215.51% 105.24% 115.69% 107.26% 103.36% 117.85% 95.24% 110.35%

Frequently Asked Questions About L3Harris Technologies' Financials

When does L3Harris Technologies's fiscal year end?

According to the most recent income statement we have on file, L3Harris Technologies' financial year ends in January. Their financial year 2025 ended on January 3, 2025.

How has L3Harris Technologies' net income changed over the last 9 years?

L3Harris Technologies' net income appears to be on an upward trend, with a most recent value of $1.51 billion in 2024, rising from $334 million in 2015. The previous period was $1.20 billion in 2023. See L3Harris Technologies' forecast for analyst expectations on what’s next for the company.

What is L3Harris Technologies's operating income?
L3Harris Technologies's total operating income in 2024 was $1.92 billion, based on the following breakdown:
  • Total Gross Profit: $5.52 billion
  • Total Operating Expenses: $3.61 billion
How has L3Harris Technologies revenue changed over the last 9 years?

Over the last 9 years, L3Harris Technologies' total revenue changed from $3.89 billion in 2015 to $21.33 billion in 2024, a change of 448.9%.

How much debt does L3Harris Technologies have?

L3Harris Technologies' total liabilities were at $22.42 billion at the end of 2024, a 1.9% decrease from 2023, and a 130.6% increase since 2015.

How much cash does L3Harris Technologies have?

In the past 9 years, L3Harris Technologies' cash and equivalents has ranged from $288 million in 2018 to $1.28 billion in 2020, and is currently $615 million as of their latest financial filing in 2024.

How has L3Harris Technologies' book value per share changed over the last 9 years?

Over the last 9 years, L3Harris Technologies' book value per share changed from 32.56 in 2015 to 102.88 in 2024, a change of 215.9%.



This page (NYSE:LHX) was last updated on 5/7/2025 by MarketBeat.com Staff
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