FirmAtlas
Company handbook · LHX · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
LHX · CIK 202058 · LATEST FILING: 10-Q JUL '26 · FILED JUL 30, 2026
L3HARRIS TECHNOLOGIES, INC.
$248.51
+8.01 (+3.33%)
Close, Oct 16, 2026 · 52-week $232–379
Market cap
$46.4B
P/E
24.8
EV/EBITDA
16.7x
P/B
2.3
Div yield
1.99%
ROIC
5.9%
EPS 1Y
8.4%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOSam Mehta
HQMelbourne, FL
AuditorErnst & Young LLP
Employees45,000
Year endsJanuary
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
10.7%
0.8%
11.6%
−12.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.3B deployed
Capex
$832M
19.2%
Dividends
$1.8B
41.3%
Buybacks
$1.7B
39.5%
Operating cash flow over the period: $5.7B. Total debt changed by −$638M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY18).
TTM = the last four quarters, to Jul '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
21,325
—
—
YoY
Operating income
1,918
2,110+10.0%
2,320
Operating margin
9.0%
—
—
EBITDA
3,207
3,334+4.0%
—
EBITDA margin
15.0%
—
—
Interest expense
654
604−7.6%
—
Interest coverage
4.90x
5.52x+0.62x
—
Net income
1,502
1,606+6.9%
1,874
YoY
+6.9%
Net margin
7.0%
—
—
EPS (diluted, $)
7.87
8.53+8.4%
9.92
YoY
+8.4%
Balance sheet
Total assets
42,001
41,195−1.9%
42,938
Cash & short-term investments
615
1,069+73.8%
—
Accounts receivable
1,072
1,371+27.9%
—
Inventory
1,330
1,219−8.3%
—
Net PP&E
2,806
2,665−5.0%
—
Other assets
36,178
34,871−3.6%
—
Total liabilities
22,487
21,560−4.1%
23,056
Accounts payable
2,005
2,461+22.7%
—
Total debt
11,081
10,443−5.8%
9,184
Other liabilities
9,401
8,656−7.9%
—
Shareholders’ equity
19,514
19,635+0.6%
19,882
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,559
3,106+21.4%
3,292
Net income
1,512
1,606+6.2%
—
Depreciation & amortization
1,289
1,224−5.0%
—
Stock-based compensation
97
113+16.5%
—
Working capital & other
(339)
163n/m
—
Cash from investing
(263)
407n/m
—
Capex
(408)
(424)n/m
—
PP&E sold
1
—
—
Acquisitions
0
0n/m
—
Other investing
144
831+477.1%
—
Cash from financing
(2,224)
(3,082)n/m
—
Debt raised
2,827
0−100.0%
—
Debt repaid
(2,620)
(618)n/m
—
Dividends
(886)
(903)n/m
—
Buybacks
(554)
(1,154)n/m
—
Shares issued
133
—
—
Other financing
(1,124)
(407)n/m
—
Net change in cash
55
454+725.5%
—
Free cash flow (OCF − capex)
2,151
2,682+24.7%
2,808
Where the cash went
Operating cash flow
2,559
3,106+21.4%
3,292
Reinvested in the business
408
424+3.9%
—
% of operating cash flow
15.9%
13.7%
Capex
408
424+3.9%
484
Acquisitions
0
0n/m
—
Free cash flow
2,151
2,682+24.7%
2,808
YoY
+24.7%
Returned to shareholders
1,440
2,057+42.8%
—
% of free cash flow
66.9%
76.7%
Dividends
886
903+1.9%
—
Buybacks
554
1,154+108.3%
—
Change in total debt
—
(638)
—
Cash left over
—
(13)
—
FCF conversion (FCF ÷ net income)
143.2%
167.0%+23.8 pp
—
Owner earnings
—
2,674
—
Buyback yield
1.4%
2.1%+0.7 pp
—
Returns & ratios
ROIC (all capital)
6.1%
5.9%−0.1 pp
—
ROIC (operating)
56.7%
58.5%+1.8 pp
—
Net debt / EBITDA
3.26x
2.81x−0.45x
—
Debt / equity
0.57x
0.53x−0.04x
—
Cash conversion cycle (days)
7
—
—
ROE
7.7%
8.2%+0.5 pp
—
ROA
3.6%
3.9%+0.3 pp
—
ROCE
5.6%
6.2%+0.6 pp
—
NOPAT
1,816
1,754−3.4%
—
Invested capital (operating)
3,203
2,794−12.8%
—
Invested capital (all)
29,980
29,009−3.2%
—
Reinvestment rate
—
−23.3%
—
Debtor days
18
—
—
Inventory days
23
—
—
Days payable
34
—
—
Income
Oct '25
Dec '25
Apr '26
Jul '26
Revenue
5,659
—
5,744
5,881
vs year-ago quarter
Gross profit
1,494
—
1,402
1,502
Gross margin
26.4%
—
24.4%
25.5%
Operating income
621
393
652
654
Net income
462
300
512
600
vs year-ago quarter
Net margin
8.2%
—
8.9%
10.2%
EPS (diluted, $)
2.46
1.61
2.72
3.13
vs year-ago quarter
Balance sheet
Oct '25
Dec '25
Apr '26
Jul '26
Total assets
41,014
41,195
41,380
42,938
Cash & equivalents
339
1,069
590
1,521
Total debt
10,997
10,443
9,191
9,184
Shareholders’ equity
19,532
19,635
19,680
19,882
Cash flow
Oct '25
Dec '25
Apr '26
Jul '26
Operating cash flow
546
1,962
(95)
879
Capex
119
158
99
108
Free cash flow
427
1,804
(194)
771
vs year-ago quarter