L3Harris Technologies, Inc. logo

L3Harris Technologies, Inc.

LHX

NYSEIndustrialsAerospace & Defense

Previous close

$266.73

−$3.71 · -1.37%

Aug 21, 4:00 PM ET

Pre-market

$267.05

+$0.32 · +0.12%

Aug 24, 6:37 AM ET

LHX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

77

Undervalued

Momentum

32

Weakening

Sentiment

60

Mixed

Risk resilience

67

Moderate Risk

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Company profile

Company website

L3Harris Technologies, Inc. is a prominent technology firm specializing in aerospace and defense, delivering vital, high-stakes solutions to governmental and commercial clients across the globe. Its diverse operations are organized into several key segments: The Integrated Mission Systems division is responsible for providing versatile intelligence, surveillance, and reconnaissance (ISR) platforms, alongside various communication technologies. This unit also offers comprehensive support for fleet management, as well as the development, modification, and routine maintenance of sensors for ISR and airborne operations. Furthermore, it develops and integrates specialized mission systems tailored for naval vessels and maritime operations, including sophisticated signals and multi-intelligence platforms, autonomous surface and undersea vehicles, and advanced power and ship control electronics. Cutting-edge electro-optical and infrared technologies are also part of its offerings. The Space and Airborne Systems segment is dedicated to providing sophisticated space payloads, advanced sensor technologies, and complete mission solutions for space-based operations. It also offers secure intelligence and robust cyber defense capabilities, specialized avionics for mission-specific applications, and state-of-the-art electronic warfare systems. The Communication Systems division delivers reliable tactical communication tools and secure, broadband mobile networked communication devices. This encompasses airborne, space, and surface data link terminals, ground stations, and portable tactical satellite communication (SATCOM) systems designed for manned aircraft, unmanned aerial vehicles (UAVs), and naval vessels. The segment also produces integrated night vision systems, mountable on helmets and weapons, along with radio systems, applications, and equipment essential for critical public safety and professional communication needs. Additionally, it supplies SATCOM terminals and integrated battlefield management networks. Finally, the Aviation Systems segment focuses on defense-oriented aviation products, training for commercial pilots, and mission-critical network solutions for effective air traffic management. Originally established in 1895 as Harris Corporation, the company adopted its current name, L3Harris Technologies, Inc., in June 2019. Its headquarters are located in Melbourne, Florida.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
US
CEO
Christopher E. Kubasik
Listed since
Dec 31, 1981
Employees
45,000

Market position

Day range

Current $266.73

52-week range

Current $266.73

Open
$271.17
Previous close
$270.44
Volume
1.76M
1.2× average
Average volume
1.47M
Average daily volume
Market cap
49.67B USD
Beta
0.75
Market reference 1
50-day average
$290.18
-8.08% below average
200-day average
$315.57
-15.48% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
67.24B USD
P/E (TTM)
26.78×
P/B (TTM)
2.39×
P/S (TTM)
2.17×
EV / EBITDA
17.92×
Earnings yield
2.81%
Free cash flow yield
4.70%
Dividend yield
1.84%

Profitability & efficiency

Gross margin
25.48%
Operating margin
10.04%
Net margin
8.17%
Return on equity
8.18%
Return on assets
3.90%
Return on invested capital
5.14%

Financial health

Debt / equity
0.53×
Current ratio
1.19×
Altman Z-score
2.3
Piotroski F-score
9 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends33%23%13%4%Gross margin, FY2021: 30.18%Gross margin, FY2022: 28.88%Gross margin, FY2023: 26.33%Gross margin, FY2024: 25.90%Gross margin, FY2025: 25.73%Operating margin, FY2021: 11.84%Operating margin, FY2022: 11.31%Operating margin, FY2023: 9.27%Operating margin, FY2024: 9.45%Operating margin, FY2025: 9.83%Net margin, FY2021: 10.36%Net margin, FY2022: 6.22%Net margin, FY2023: 6.32%Net margin, FY2024: 7.04%Net margin, FY2025: 7.35%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.18%. Gross margin FY2022 28.88%. Gross margin FY2023 26.33%. Gross margin FY2024 25.90%. Gross margin FY2025 25.73%. Operating margin FY2021 11.84%. Operating margin FY2022 11.31%. Operating margin FY2023 9.27%. Operating margin FY2024 9.45%. Operating margin FY2025 9.83%. Net margin FY2021 10.36%. Net margin FY2022 6.22%. Net margin FY2023 6.32%. Net margin FY2024 7.04%. Net margin FY2025 7.35%.

Income trends

Revenue

21.87B USD+2.53%

Operating income

2.15B USD+6.70%

Net income

1.61B USD+6.92%
Income trends across reported periods23.95B USD15.62B USD7.3B USD−1.02B USDRevenue, FY2021: 17.81B USDRevenue, FY2022: 17.06B USDRevenue, FY2023: 19.42B USDRevenue, FY2024: 21.33B USDRevenue, FY2025: 21.87B USDOperating income, FY2021: 2.11B USDOperating income, FY2022: 1.93B USDOperating income, FY2023: 1.8B USDOperating income, FY2024: 2.02B USDOperating income, FY2025: 2.15B USDNet income, FY2021: 1.85B USDNet income, FY2022: 1.06B USDNet income, FY2023: 1.23B USDNet income, FY2024: 1.5B USDNet income, FY2025: 1.61B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 17.81B USD. Revenue FY2022 17.06B USD. Revenue FY2023 19.42B USD. Revenue FY2024 21.33B USD. Revenue FY2025 21.87B USD. Operating income FY2021 2.11B USD. Operating income FY2022 1.93B USD. Operating income FY2023 1.8B USD. Operating income FY2024 2.02B USD. Operating income FY2025 2.15B USD. Net income FY2021 1.85B USD. Net income FY2022 1.06B USD. Net income FY2023 1.23B USD. Net income FY2024 1.5B USD. Net income FY2025 1.61B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue21.87B USD21.33B USD19.42B USD17.06B USD17.81B USD
Cost of goods sold16.24B USD15.8B USD14.31B USD12.14B USD12.44B USD
Gross profit5.63B USD5.52B USD5.11B USD4.93B USD5.38B USD
Research and development536M USD515M USD480M USD603M USD
Selling, general, and administrative2.23B USD2.22B USD3.31B USD3B USD3.28B USD
Operating expenses3.48B USD3.51B USD3.31B USD3B USD3.27B USD
Interest expense597M USD675M USD543M USD279M USD265M USD
Depreciation and amortization1.22B USD1.29B USD1.17B USD938M USD967M USD
Operating income2.15B USD2.02B USD1.8B USD1.93B USD2.11B USD
Net income1.61B USD1.5B USD1.23B USD1.06B USD1.85B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+5.13%
11 comparable reports
Latest EPS result
3.13
Estimate 2.8 · Beat by 11.79%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.613.132.652.17Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 3.47, estimate 3.42, surprise +1.46%, Beat. Q2 2025, reported Apr 24, 2025: actual 2.41, estimate 2.31, surprise +4.33%, Beat. Q3 2025, reported Jul 24, 2025: actual 2.78, estimate 2.48, surprise +12.10%, Beat. Q4 2025, reported Oct 30, 2025: actual 2.7, estimate 2.58, surprise +4.65%, Beat. Q1 2026, reported Jan 29, 2026: actual 2.86, estimate 2.76, surprise +3.62%, Beat. Q2 2026, reported Apr 30, 2026: actual 2.72, estimate 2.53, surprise +7.51%, Beat. Q3 2026, reported Jul 29, 2026: actual 3.13, estimate 2.8, surprise +11.79%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 2.99, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.21B5.77B5.33B4.89BQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 5.52B USD, estimate 5.5B USD, surprise +0.38%, Beat. Q2 2025, reported Apr 24, 2025: actual 5.13B USD, estimate 5.2B USD, surprise -1.39%, Miss. Q3 2025, reported Jul 24, 2025: actual 5.43B USD, estimate 5.31B USD, surprise +2.10%, Beat. Q4 2025, reported Oct 30, 2025: actual 5.66B USD, estimate 5.52B USD, surprise +2.44%, Beat. Q1 2026, reported Jan 29, 2026: actual 5.65B USD, estimate 5.77B USD, surprise -2.12%, Miss. Q2 2026, reported Apr 30, 2026: actual 5.74B USD, estimate 5.42B USD, surprise +6.05%, Beat. Q3 2026, reported Jul 29, 2026: actual 5.88B USD, estimate 5.81B USD, surprise +1.20%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 5.97B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$273.4

2.50% upside
Past 12 months12-month forecastHigh $367Average $273.4Low $207

Rating distribution

33 ratings
Strong buy00%
Buy2473%
Hold721%
Sell26%
Strong sell00%

Recent analyst actions

12 institutions
BNP ParibasmaintainNeutral

LHX news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$4.80

2025 complete year+17.6% since 2021

2026 partial: $2.50

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 4, 2026

$1.25

Quarterly

Record Sep 4, 2026 · Payment Sep 18, 2026

Dividend

Ex-dividend Jun 5, 2026

$1.25

Quarterly

Record Jun 5, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Mar 6, 2026

$1.25

Quarterly

Record Mar 6, 2026 · Payment Mar 20, 2026

Dividend

Ex-dividend Nov 17, 2025

$1.20

Quarterly

Record Nov 17, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Sep 5, 2025

$1.20

Quarterly

Record Sep 5, 2025 · Payment Sep 22, 2025

Dividend

Ex-dividend Jun 3, 2025

$1.20

Quarterly

Record Jun 3, 2025 · Payment Jun 18, 2025

LHX peers

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