LHX Industrials

L3Harris Technologies, Inc.

$277.67-0.46%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Industrials
Industry: Aerospace & Defense
Country: United States
Market cap: 51.7B USD
Enterprise value: 55.8B USD
Full-time employees: 45,000

Overall health

Drawback: less short-term liquidity (current ratio 1.18 vs a peer median of 1.62)less liquidity (current ratio 1.18 vs peers 1.62)
About average: profitability, valuation and risk (debt, liquidity and share-price swings)profitability, valuation and risk

Ranks #811 of 2,308 industrials companies (top 36%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 150% of reported profit.
L3Harris Technologies's free cash flow is 150% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Fast revenue growth. Revenue grew 83% in the 12 months to July 2026 vs the 12 months before, faster than 95% of peers.
Revenue grew 83% in the 12 months to July 2026 vs the 12 months before, faster than 95% of its peers.

StockQuotient Score

58/ 100▼ 1 since Oct 27 close

Oct 5 60 → Nov 4 58 (-2)

Valuation

Is the price right?

46/100

Moderate▼ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 48 → 46

Share price +7.0%-3
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.6%

SEC filings · 12 months to Jul 2026Reported value30% base weight · Z-score -0.05Sector median: 0.0377 · MAD: 0.0294

EBITDA yield5.8%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score -0.28Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield5.4%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.47Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield38.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

95/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth11.0%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.16Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth29.6%

SEC filings · 3 years to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.72Sector median: 0.0421 · MAD: 0.0625

Revenue growth83.2%

SEC filings · 12 months to Jul 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.55Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

46/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ ROA
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin5.9%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.36Sector median: 0.0773 · MAD: 0.0507

Return on assets4.4%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.52Sector median: 0.0311 · MAD: 0.0241

Return on invested capital6.2%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.16Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin25.6%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity9.4%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.51

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.51Sector median: 0.6440 · MAD: 0.2745

Current ratio1.18×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.81Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.55×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.45Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about L3Harris Technologies

Is L3Harris Technologies getting weaker?: Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is 58/100, down 1 since Oct 28, 2026.
How is L3Harris Technologies valued vs its peers?: Priced about in line with its peers. Valuation scores 46/100 against 2,459 industrials peers. Free cash flow yield 5.4% vs a peer median of 3.7% (stronger than 65% of peers).Free cash flow yield 5.4% vs peers 3.7% (stronger than 65% of peers).
Is L3Harris Technologies growing?: Yes, faster than most of its peers. Growth scores 95/100 against 2,459 industrials peers. 3-year revenue growth 29.6% vs a peer median of 4.2% (stronger than 95% of peers).3-year revenue growth 29.6% vs peers 4.2% (stronger than 95% of peers).
How profitable is L3Harris Technologies?: About as profitable as its peers. Profitability scores 46/100 against 2,459 industrials peers. Return on assets 4.4% vs a peer median of 3.1% (stronger than 63% of peers).Return on assets 4.4% vs peers 3.1% (stronger than 63% of peers). Operating margin 5.9% vs a peer median of 7.7% (weaker than 61% of peers).Operating margin 5.9% vs peers 7.7% (weaker than 61% of peers).
How risky is L3Harris Technologies?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.51 vs a peer median of 0.64 (stronger than 65% of peers).Beta 0.51 vs peers 0.64 (stronger than 65% of peers). Current ratio 1.18× vs a peer median of 1.62× (weaker than 75% of peers).Current ratio 1.18× vs peers 1.62× (weaker than 75% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 3, 2026 · filed Jul 30, 2026 · compared with the quarter ended Apr 3, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	38.7B USD	39.1B USD	+1.2%
Net income (12 months)	1.7B USD	1.9B USD	+8.2%
Operating margin	5.8%	5.9%	+0.1 pts
Free cash flow (12 months)	2.6B USD	2.8B USD	+8.5%
Debt	11.4B USD	11.0B USD	−3.2%
Cash	590.0M USD	1.5B USD	+157.8%
Shares outstanding	186.3M	186.2M	−0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Aerospace & Defense · 48 companies

Valuations in Aerospace & Defense are near the top of their range since 2016.

88% of months since 2016 were valued lower than now.
50% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +71% and earnings +71% (medians): prices and earnings moved broadly together.
Median price-to-sales is +41% vs the whole market, against a usual −16%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	11.8%	6.6%	7.3%	9.0%	—	—
Net margin	10.4%	6.2%	6.3%	7.0%	—	—
Return on assets (ROA)	5.3%	3.2%	2.9%	3.6%	3.9%	▲ 0.3 pts
Return on equity (ROE)	9.6%	5.7%	6.5%	7.7%	8.2%	▲ 0.5 pts
Free cash flow margin	13.2%	11.2%	8.5%	10.1%	—	—
Current ratio	1.40×	1.17×	1.01×	1.08×	1.19×	▲ 10%
Quick ratio	1.18×	0.95×	0.82×	0.90×	1.02×	▲ 13%
Debt to equity	0.37×	0.38×	0.70×	0.63×	0.57×	▼ 9.7%
Interest coverage	—	—	—	—	—	—

LHX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less short-term liquidity (current ratio 1.18 vs a peer median of 1.62)less liquidity (current ratio 1.18 vs peers 1.62)

About average: profitability, valuation and risk (debt, liquidity and share-price swings)profitability, valuation and risk

Ranks #811 of 2,308 industrials companies (top 36%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 150% of reported profit.

L3Harris Technologies's free cash flow is 150% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Fast revenue growth. Revenue grew 83% in the 12 months to July 2026 vs the 12 months before, faster than 95% of peers.

Revenue grew 83% in the 12 months to July 2026 vs the 12 months before, faster than 95% of its peers.

Questions investors ask about L3Harris Technologies

Is L3Harris Technologies getting weaker?

Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is 58/100, down 1 since Oct 28, 2026.

How is L3Harris Technologies valued vs its peers?

Priced about in line with its peers. Valuation scores 46/100 against 2,459 industrials peers. Free cash flow yield 5.4% vs a peer median of 3.7% (stronger than 65% of peers).Free cash flow yield 5.4% vs peers 3.7% (stronger than 65% of peers).

Is L3Harris Technologies growing?

Yes, faster than most of its peers. Growth scores 95/100 against 2,459 industrials peers. 3-year revenue growth 29.6% vs a peer median of 4.2% (stronger than 95% of peers).3-year revenue growth 29.6% vs peers 4.2% (stronger than 95% of peers).

How profitable is L3Harris Technologies?

About as profitable as its peers. Profitability scores 46/100 against 2,459 industrials peers. Return on assets 4.4% vs a peer median of 3.1% (stronger than 63% of peers).Return on assets 4.4% vs peers 3.1% (stronger than 63% of peers). Operating margin 5.9% vs a peer median of 7.7% (weaker than 61% of peers).Operating margin 5.9% vs peers 7.7% (weaker than 61% of peers).

How risky is L3Harris Technologies?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Beta 0.51 vs a peer median of 0.64 (stronger than 65% of peers).Beta 0.51 vs peers 0.64 (stronger than 65% of peers). Current ratio 1.18× vs a peer median of 1.62× (weaker than 75% of peers).Current ratio 1.18× vs peers 1.62× (weaker than 75% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

38.7B USD

39.1B USD

+1.2%

Net income (12 months)

1.7B USD

1.9B USD

+8.2%

Operating margin

5.8%

5.9%

+0.1 pts

Free cash flow (12 months)

2.6B USD

2.8B USD

+8.5%

Debt

11.4B USD

11.0B USD

−3.2%

Cash

590.0M USD

1.5B USD

+157.8%

Shares outstanding

186.3M

186.2M

−0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

11.8%

6.6%

7.3%

9.0%

—

Net margin

10.4%

6.2%

6.3%

7.0%

—

Return on assets (ROA)

5.3%

3.2%

2.9%

3.6%

3.9%

▲ 0.3 pts

Return on equity (ROE)

9.6%

5.7%

6.5%

7.7%

8.2%

▲ 0.5 pts

Free cash flow margin

13.2%

11.2%

8.5%

10.1%

—

Current ratio

1.40×

1.17×

1.01×

1.08×

1.19×

▲ 10%

Quick ratio

1.18×

0.95×

0.82×

0.90×

1.02×

▲ 13%

Debt to equity

0.37×

0.38×

0.70×

0.63×

0.57×

▼ 9.7%

Interest coverage

—