LHX Financials L3Harris Technologies

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:31 UTC Overview →

Growth & profitability

Revenue has grown 10.7% per year over the past 5 years.
Net income has grown slower than revenue (7.5% vs 10.7% per year).
Free cash flow has grown 2.1% per year over the past 5 years.

Financial health

Total debt ($10.4B) exceeds cash ($1.1B); net debt is $9.4B.
Total debt has grown in line with revenue (8.5% vs 10.7% per year).
Total debt is 3.1× EBITDA.

Shareholder returns

Dividends have been paid for 6 consecutive years, consuming 56.2% of earnings and 33.7% of free cash flow.
The dividend has grown 4.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	—	$1.6B	—	—	8.2%	3.9%	$2.7B	$10.4B	$1.1B
2025	$21.3B	$1.5B	25.9%	9.0%	7.7%	3.6%	$2.2B	$11.6B	$615M
2023	$19.4B	$1.2B	26.3%	7.3%	6.5%	2.9%	$1.6B	$12.8B	$560M
2022	$17.1B	$1.1B	28.9%	6.6%	5.7%	3.2%	$1.9B	$6.2B	$880M
2021	$17.8B	$1.8B	30.2%	11.8%	9.6%	5.3%	$2.3B	$7.0B	$941M
2021	$18.2B	$1.1B	21.4%	11.9%	5.4%	3.0%	$2.4B	$6.9B	$1.3B
2020	$12.9B	$1.3B	29.3%	0.0%	5.9%	3.5%	—	$7.0B	$824M
2019	$6.8B	$949M	34.3%	21.3%	28.2%	9.4%	$1.0B	$3.5B	$530M
2018	$6.2B	$699M	34.1%	18.2%	21.3%	7.1%	$615M	$3.8B	$288M
2017	$5.9B	$543M	34.6%	18.2%	18.7%	5.4%	$450M	$4.0B	$484M
2016	—	$324M	—	—	10.6%	2.7%	$772M	$4.1B	$487M
2015	—	$334M	—	—	9.8%	2.5%	$706M	$5.2B	$481M
2014	—	$535M	—	—	29.3%	10.9%	$648M	$1.6B	$561M
2013	—	$113M	—	—	7.2%	2.3%	$668M	$1.7B	$321M
2012	—	$31M	—	—	1.6%	0.5%	$643M	$2.0B	$356M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Oct '26	$6.1B	$632M	26.6%	13.0%	3.1%	1.4%	$1.3B	$9.2B	$2.5B
Jul '26	$5.9B	$600M	25.5%	11.1%	3.0%	1.4%	$771M	$9.2B	$1.5B
Apr '26	$5.7B	$512M	24.4%	11.4%	2.6%	1.2%	-$194M	$9.5B	$590M
Jan '26	$21.9B	$300M	25.7%	9.7%	1.5%	0.7%	$1.8B	$10.4B	$1.1B
Oct '25	$5.7B	$462M	26.4%	11.0%	2.4%	1.1%	$427M	$11.7B	$339M
Jun '25	$5.4B	$458M	24.6%	10.5%	2.4%	1.1%	$552M	$12.0B	$482M
Mar '25	$5.1B	$386M	26.3%	10.2%	2.0%	0.9%	-$101M	$11.5B	$517M
Jan '25	$21.3B	$453M	80.7%	9.0%	2.3%	1.1%	$1.0B	$11.6B	$615M
Sep '24	$5.3B	$400M	26.8%	9.4%	2.1%	1.0%	$702M	$12.3B	$539M
Jun '24	$5.3B	$366M	25.7%	9.0%	1.9%	0.9%	$657M	$12.6B	$547M
Mar '24	$5.2B	$283M	25.9%	7.3%	1.5%	0.7%	-$219M	$13.3B	$477M
Dec '23	$5.3B	$158M	27.2%	2.9%	0.8%	0.4%	$652M	$12.8B	$560M
Sep '23	$4.9B	$383M	26.6%	9.7%	2.1%	0.9%	$395M	$13.2B	$499M
Jun '23	$4.7B	$349M	25.3%	8.5%	1.9%	1.0%	$321M	$8.4B	$366M
Mar '23	$4.5B	$337M	26.1%	8.8%	1.8%	0.9%	$279M	$8.2B	$545M
Dec '22	$4.6B	$416M	27.6%	0.0%	2.2%	1.2%	$711M	$6.2B	$880M
Sep '22	$4.2B	-$300M	28.1%	0.0%	-1.6%	-0.9%	$524M	—	$529M
Jul '22	$4.1B	$471M	29.7%	0.0%	2.5%	1.4%	$687M	—	$420M
Apr '22	$4.1B	$475M	30.3%	0.0%	2.5%	1.4%	-$16M	—	$402M
Dec '21	$4.3B	$484M	29.8%	0.0%	2.5%	1.4%	$687M	$7.0B	$941M

Valuation over time

How the market has priced LHX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 34.4× (Mar '23) to 32.3× (Nov '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 2.6× (Dec '25).
The dividend yield has fallen from 2.4% (Mar '23) to 1.7% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is LHX growing its revenue and profit?

Over the past 5 years, L3Harris Technologies's revenue has grown 10.7% per year, and net income grown 7.5% per year. These are computed facts, not advice.

How much debt does LHX have?

As of FY2026, L3Harris Technologies reported $10.4B of total debt against $1.1B of cash.

What is LHX's profit margin?

In FY2026, gross margin was —, operating margin —, and net margin —.

What is LHX's P/E ratio?

L3Harris Technologies's P/E (TTM) is 25.41 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LHX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 32.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.