L3Harris Technologies (LHX) Financials

$248.15 +10.66 (+4.49%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$248.66 +0.51 (+0.21%)

As of 04:04 AM Eastern

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

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

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

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

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

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

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

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

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

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

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

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. Find out what analysts predict for L3Harris Technologies in the coming months.

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%.

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This page (NYSE:LHX) was last updated on 5/28/2025 by MarketBeat.com Staff

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L3Harris Technologies (LHX) Financials

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L3Harris Technologies (LHX) Financials

Annual Income Statements for L3Harris Technologies

Quarterly Income Statements for L3Harris Technologies

Annual Cash Flow Statements for L3Harris Technologies

Quarterly Cash Flow Statements for L3Harris Technologies

Annual Balance Sheets for L3Harris Technologies

Quarterly Balance Sheets for L3Harris Technologies

Annual Metrics And Ratios for L3Harris Technologies

Quarterly Metrics And Ratios for L3Harris Technologies

Frequently Asked Questions About L3Harris Technologies' Financials

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