NYSE · Financial Statements

L3Harris Technologies, Inc. (LHX) Financial Statements

$253.97 NYSE: LHX Market Cap $47.29B

L3Harris Technologies, Inc. most recently reported annual revenue of $21.9B, net profit of $1.6B. Revenue grew at an average annual rate of 3.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

L3Harris Technologies, Inc.: Revenue rose from $5.9B in 2016 to $21.9B in 2025, a change of +270.8% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 15.1% to 9.8%, a shift of -5.3 percentage points; the most recent year shows net profit of $1.6B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$5.9B$6.2B$6.8B$0$18.2B$17.8B$17.1B$19.4B$21.3B$21.9B
Operating Expenses$5.0B$5.0B$5.7B$0$18.2B$15.7B$15.1B$17.6B$19.3B$19.7B
Operating Profit$893.0M$1.1B$1.1B$0$0$2.1B$1.9B$1.8B$2.0B$2.1B
Operating Margin15.1%18.2%16.1%0.0%0.0%11.8%11.3%9.3%9.4%9.8%
Other Income$-4.0M$-214.0M$21.0M$0$1.3B$174.0M$-656.0M$-579.0M$-418.0M$-218.0M
Interest$172.0M$170.0M$167.0M$0$270.0M$265.0M$279.0M$543.0M$675.0M$597.0M
Depreciation$311.0M$259.0M$258.0M$894.0M$1.0B$967.0M$938.0M$1.2B$1.3B$1.2B
Profit Before Tax$889.0M$908.0M$1.1B$0$1.3B$2.3B$1.3B$1.2B$1.6B$1.9B
Tax$29.4M$22.7M$14.4M—$17.7M$19.3M$16.6M$1.9M$5.3M$16.9M
Net Profit$543.0M$699.0M$949.0M$0$1.1B$1.8B$1.1B$1.2B$1.5B$1.6B
EPS$4.44$5.77$7.88$7.35$5.18$9.08$5.49$6.44$7.87$8.53
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricMar '23Jun '23Sep '23Dec '23Mar '24Jun '24Sep '24Mar '25Jun '25Dec '25Mar '26Jun '26
Revenue$4.5B$4.7B$4.9B$5.3B$5.2B$5.3B$5.3B$5.1B$5.4B$5.7B$5.6B$5.7B
Operating Expenses$4.1B$4.3B$4.4B$4.6B$4.8B$4.8B$4.8B$4.6B$4.8B$5.0B$5.3B$5.1B
Operating Profit$393.0M$400.0M$479.0M$701.0M$378.0M$476.0M$495.0M$554.0M$584.0M$631.0M$376.0M$642.0M
Operating Margin8.8%8.5%9.8%13.1%7.3%9.0%9.3%10.8%10.8%11.2%6.7%11.2%
Interest$102.0M$111.0M$159.0M$171.0M$176.0M$172.0M$166.0M$150.0M$152.0M$152.0M$143.0M$136.0M
Profit Before Tax$373.0M$372.0M$400.0M$76.0M$290.0M$390.0M$430.0M$459.0M$524.0M$567.0M$382.0M$589.0M
Tax$9.1M$5.7M$4.5M$-65.8M$1.7M$5.9M$6.0M$15.9M$12.6M$18.5M$21.5M$13.1M
Net Profit$337.0M$349.0M$383.0M$158.0M$283.0M$366.0M$400.0M$386.0M$458.0M$462.0M$300.0M$512.0M
EPS$1.76$1.84$2.01$0.83$1.48$1.92$2.10$2.04$2.44$2.46$1.59$2.72

Over the 10 years reported for L3Harris Technologies, Inc., borrowings increased from $4.0B in 2016 to $11.2B in 2025, cash stood at $1.1B in the latest year, shareholders' equity was $187.0M, current assets covered current liabilities 1.19 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$10.1B$9.9B$10.1B$38.3B$37.0B$34.7B$33.5B$41.7B$42.0B$41.2B
Current Assets$2.1B$2.1B$2.6B$6.3B$6.7B$6.4B$6.8B$7.9B$8.2B$8.6B
Cash$484.0M$422.0M$530.0M$824.0M$1.3B$941.0M$880.0M$560.0M$615.0M$1.1B
Inventory$841.0M$942.0M$360.0M$1.2B$973.0M$982.0M$1.3B$1.5B$1.3B$1.2B
Receivables$647.0M$666.0M$1.5B$3.9B$4.1B$4.2B$4.3B$4.4B$4.7B$5.0B
Fixed Assets$904.0M$878.0M$894.0M$3.0B$2.9B$2.9B$2.9B$3.6B$2.8B$2.7B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$2.0M$3.0M$1.0M$1.0M$0$0$0
Other Assets$5.4B$5.4B$5.3B$20.0B$18.9B$18.2B$17.3B$20.0B$20.3B$20.0B
Total Liabilities$7.2B$6.9B$6.8B$15.6B$16.1B$15.4B$14.9B$22.9B$22.4B$21.6B
Current Liabilities$1.9B$1.7B$2.3B$4.0B$4.2B$4.6B$5.8B$8.0B$7.6B$7.2B
Borrowings$4.0B$3.9B$3.5B$7.9B$7.7B$7.8B$7.8B$13.9B$13.0B$11.2B
Other Liabilities$3.1B$2.9B$3.2B$7.7B$8.4B$7.6B$7.1B$8.9B$9.4B$10.3B
Equity$120.0M$119.0M$119.0M$218.0M$208.0M$194.0M$191.0M$190.0M$190.0M$187.0M
Reserves$2.9B$3.0B$3.4B$22.6B$20.7B$19.2B$18.5B$18.8B$19.5B$19.6B

For L3Harris Technologies, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $2.7B; free cash flow was positive in 10 of 10 years; financing activities used $1.0B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$569.0M$751.0M$1.2B$939.0M$2.8B$2.7B$2.2B$2.1B$2.6B$3.1B
Investing Cash Flow$1.7B$-279.0M$-320.0M$1.1B$383.0M$1.1B$-502.0M$-7.5B$-671.0M$-17.0M
Financing Cash Flow$-731.0M$-245.0M$-175.0M$-1.6B$-2.4B$-3.6B$-1.1B$-535.0M$-461.0M$-1.0B
Net Cash Flow$-3.0M$-196.0M$242.0M$536.0M$452.0M$-335.0M$-61.0M$-320.0M$55.0M$454.0M
Free Cash Flow$450.0M$615.0M$1.0B$766.0M$2.4B$2.3B$1.9B$1.6B$2.2B$2.7B

Valuation & Return Ratios

MetricValue
PEG Ratio2.20
EV / EBITDA14.43
FCF Yield6.37%
Quick Ratio1.03
Interest Coverage4.11
Return 1Y-13.15%
Return 3Y53.41%
Return 5Y10.79%

L3Harris Technologies, Inc. (LHX) financials — frequently asked questions

What is L3Harris Technologies, Inc.'s annual revenue?

L3Harris Technologies, Inc. (LHX) reported annual revenue of $21.9B in its most recent fiscal year.

What is L3Harris Technologies, Inc.'s net profit?

L3Harris Technologies, Inc. (LHX) reported net profit of $1.6B in its most recent fiscal year.

What is LHX EV/EBITDA?

L3Harris Technologies, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 14.43.

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