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 29 h ago 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

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	FCF	Total debt	Cash
2026	—	$1.6B	—	—	$2.7B	$10.4B	$1.1B
2025	$21.3B	$1.5B	25.9%	9.0%	$2.2B	$11.6B	$615M
2023	$19.4B	$1.2B	26.3%	7.3%	$1.6B	$12.8B	$560M
2022	$17.1B	$1.1B	28.9%	6.6%	$1.9B	$6.2B	$880M
2021	$17.8B	$1.8B	30.2%	11.8%	$2.3B	$7.0B	$941M
2021	$18.2B	$1.1B	21.4%	11.9%	$2.4B	$6.9B	$1.3B
2020	$12.9B	$1.3B	29.3%	0.0%	—	$7.0B	$824M
2019	$6.8B	$949M	34.3%	21.3%	$1.0B	$3.5B	$530M
2018	$6.2B	$699M	34.1%	18.2%	$615M	$3.8B	$288M
2017	$5.9B	$543M	34.6%	18.2%	$450M	$4.0B	$484M
2016	—	$324M	—	—	$772M	$4.1B	$487M
2015	—	$334M	—	—	$706M	$5.2B	$481M
2014	—	$535M	—	—	$648M	$1.6B	$561M
2013	—	$113M	—	—	$668M	$1.7B	$321M
2012	—	$31M	—	—	$643M	$2.0B	$356M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Apr '26	$5.7B	$512M	24.4%	11.4%	-$194M	$9.5B	$590M
Jan '26	$21.9B	$300M	25.7%	9.7%	$1.8B	$10.4B	$1.1B
Oct '25	$5.7B	$462M	26.4%	11.0%	$427M	$11.7B	$339M
Jun '25	$5.4B	$458M	24.6%	10.5%	$552M	$12.0B	$482M
Mar '25	$5.1B	$386M	26.3%	10.2%	-$101M	$11.5B	$517M
Jan '25	$21.3B	$453M	80.7%	9.0%	$1.0B	$11.6B	$615M
Sep '24	$5.3B	$400M	26.8%	9.4%	$702M	$12.3B	$539M
Jun '24	$5.3B	$366M	25.7%	9.0%	$657M	$12.6B	$547M
Mar '24	$5.2B	$283M	25.9%	7.3%	-$219M	$13.3B	$477M
Dec '23	$5.3B	$158M	27.2%	2.9%	$652M	$12.8B	$560M
Sep '23	$4.9B	$383M	26.6%	9.7%	$395M	$13.2B	$499M
Jun '23	$4.7B	$349M	25.3%	8.5%	$321M	$8.4B	$366M
Mar '23	$4.5B	$337M	26.1%	8.8%	$279M	$8.2B	$545M
Dec '22	$4.6B	$416M	27.6%	0.0%	$711M	$6.2B	$880M
Sep '22	$4.2B	-$300M	28.1%	0.0%	$524M	—	$529M
Jul '22	$4.1B	$471M	29.7%	0.0%	$687M	—	$420M
Apr '22	$4.1B	$475M	30.3%	0.0%	-$16M	—	$402M
Dec '21	$4.3B	$484M	29.8%	0.0%	$687M	$7.0B	$941M
Oct '21	$4.2B	$481M	30.9%	0.0%	$405M	—	$1.1B
Jul '21	$4.7B	$413M	30.4%	0.0%	$659M	—	$2.0B

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 33.5× (Jun '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% (Jun '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?

As of Jun '26, L3Harris Technologies traded at a price-to-earnings ratio of about 33.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.