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Stocks / United States / LHX · Search, Detection, Navigation, Guidance, Aeronautical Sys · NYSE

L3Harris Technologies, Inc. (LHX)

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L3Harris Technologies, Inc. (LHX) reported revenue of $5.9 billion for Q2 FY2026, the quarter ended 3 July 2026, up 8.4% on the same quarter a year earlier. Net income was $600 million, up 31.0% on the year, and diluted earnings per share $3.13. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$5.9 billionup 8.4%
Net income$600 millionup 31.0%
Diluted EPS$3.13
QuarterQ2 FY2026ended 3 July 2026

Ratios

From the filings

ROE9.4%
ROCE8.0%
Operating margin10.1%
Net margin8.2%
FCF margin12.2%
Interest covern/a
Debt to equity0.46
Cash conversion1.76
Share count, 1 year-0.4%
Sales CAGR, 3 years8.6%
Profit CAGR, 3 years14.8%
EPS, TTM$9.90

At the close of 21 September 2026

Price$246.93
Market cap$46.0 billion
Stock P/E24.94
Price to book2.31
EV / EBITDA15.28
Dividend yield1.9%
Market cap / sales2.00
52-week high$378.48
52-week low$245.54
Price, 1 year-13.0%
Price CAGR, 3 years12.5%
Price CAGR, 5 years2.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as L3Harris Technologies, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on LHX

Filings22 in twelve months: 12 current reports (8-K), about 5 officer or director change; 4 other events; 4 results of operations; 3 regulation fd disclosure; 1 shareholder vote
Planned insider sales18 Form 144 notices in twelve months, $44.5 million; latest 11 September 2026
Options tapeput/call 0.49 by open interest on 23 September 2026; the straddle prices a 2.1% move to 25 September 2026
Holders11 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest4.0 million shares short, 2.16 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue4,9155,3405,2115,2995,2925,5235,1325,4265,6595,6485,7445,881
Cost of revenue3,6083,9173,8633,9393,8734,1263,7824,0914,1654,2024,3424,379
Gross profit1,3071,4231,3481,3601,4191,3971,3501,3351,4941,4461,4021,502
Gross margin27%27%26%26%27%25%26%25%26%26%24%26%
SG&A828878970884924790825764873968750848
Operating income479154378476495569525571621393652654
Operating margin10%3%7%9%9%10%10%11%11%7%11%11%
Interest expense159n/an/an/a166n/an/an/an/an/an/an/a
Pre-tax income40076.0290390430487459524567382589710
Tax rate4%-66%2%6%6%6%16%13%19%21%13%15%
Net income383158283366400453386458462300512600
Net margin8%3%5%7%8%8%8%8%8%5%9%10%
Diluted EPS$2.02$0.83$1.48$1.92$2.10$2.37$2.04$2.44$2.46$1.59$2.72$3.13
Operating cash flow543789-1047547801,129-42.06405461,962-95.0879
Capital expenditure14813711597.078.011859.088.011915899.0108
Free cash flow395652-2196577021,011-1015524271,804-194771
Buybacks0.00.023389.019042.0569253176156296229
Dividends paid216216224221220221228225225225238232
Shares outstanding189m190m189m190m190m190m188m187m187m187m187m186m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 7 fiscal years and the trailing twelve months

FY2019FY2020 FY2021 FY2022 FY2023 FY2024 FY2025TTM
Revenue12,85618,19417,81417,06219,41921,32521,86522,932
Cost of revenue9,08814,30612,43812,13514,30615,80116,24017,088
Gross profit3,7685,3085,3764,9275,1135,5245,6255,844
Gross margin29.3%29.2%30.2%28.9%26.3%25.9%25.7%25.5%
Selling, general and administrative2,5403,3153,2802,9983,3133,5683,4303,439
Operating incomen/a2,1622,1091,1271,4261,9182,1102,320
Operating marginn/a11.9%11.8%6.6%7.3%9.0%9.7%10.1%
Interest expense217270n/an/an/an/an/an/a
Pre-tax income1,4931,3222,2831,2731,2211,5971,9322,248
Income tax14623444021223.085.0326374
Effective tax rate9.8%17.7%19.3%16.7%1.9%5.3%16.9%16.6%
Net income1,3331,1191,8461,0621,2271,5021,6061,874
Net margin10.4%6.2%10.4%6.2%6.3%7.0%7.3%8.2%
Diluted EPS$7.89$5.19$9.09$5.49$6.44$7.87$8.53$9.90
Filing10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2019FY2020 FY2021 FY2022 FY2023 FY2024 FY2025TTM
Operating cash flown/a2,7902,6872,1582,0962,5593,1063,292
Capital expendituren/a368342252449408424484
Free cash flown/a2,4222,3451,9061,6472,1512,6822,808
Free cash flow marginn/a13.3%13.2%11.2%8.5%10.1%12.3%12.2%
Depreciation and amortisationn/a1,0329679381,1661,2891,2241,190
Share-based compensationn/a94.012910989.097.0113114
Buybacksn/a2,2903,6751,0835185541,154857
Dividends paidn/a725817864868886903920
Dividend per sharen/a$3.40$4.08$4.48$4.56$4.64$4.80n/a
Diluted shares, weighted169m216m203m194m191m191m188m187m
Shares outstanding at period end218m208m194m191m190m190m187m186m
Filing10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020 FY2021 FY2022 FY2023 FY2024 FY2025TTM
Total assets38,33636,96034,70933,52441,68742,00141,19542,938
Cash and equivalents8241,2769418805606151,0691,521
Receivables1,2161,3441,0451,2511,2301,0721,3711,950
Inventory1,2199739821,2911,4721,3301,2191,272
Goodwill20,00118,87618,18917,28319,97920,32520,01019,996
Long-term debt6,9516,9437,0486,22511,16011,08110,4439,184
Long-term debt including finance leases6,6946,9437,0486,22511,16011,08110,4439,184
Borrowings, as the company tags them6,825n/an/a6,77611,22611,47610,87610,776
Operating lease liabilities781734768741705650653n/a
Finance lease liabilitiesn/a35.0157165243206221n/a
Shareholders' equity22,58720,72419,21318,52318,76519,51419,63519,882
Filing10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a3.7%8.6%7.3%
Profit growth, compoundedn/a7.5%14.8%10.4%
Return on equity, averagen/a7.6%7.5%8.2%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Search, Detection, Navigation, Guidance, Aeronautical Sys

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Northrop Grumman Corp. NOC$74.8 billion16.7625.1%10.7%5.9%0.811.8%
Garmin Ltd. GRMN$54.1 billion31.2818.7%26.5%15.7%n/a0.5%
L3Harris Technologies, Inc. LHX$46.0 billion24.949.4%10.1%7.3%0.461.9%
Teledyne Technologies Inc. TDY$28.2 billion29.458.9%19.4%7.9%0.19n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q3 July 202630 July 2026EDGAR
10-Q3 April 202630 April 2026EDGAR
10-K2 January 202612 February 2026EDGAR
10-Q3 October 202530 October 2025EDGAR
10-Q27 June 202524 July 2025EDGAR
10-Q28 March 202524 April 2025EDGAR
10-K3 January 202514 February 2025EDGAR
10-Q27 September 202425 October 2024EDGAR
10-Q28 June 202426 July 2024EDGAR
10-Q29 March 202426 April 2024EDGAR

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