L3HARRIS TECHNOLOGIES, INC. /DE/ LHX

Technology SIC 3812 - Search, Detection, Navigation, Guidance, Aeronautical Sys NAICS Manufacturing › Computer and Electronic Product Manufacturing › Navigational, Measuring, Electromedical, and Control Instruments Manufacturing › Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing derived NYSE

L3Harris Technologies, Inc. is the Trusted Disruptor in the defense industry. With customers' mission-critical needs in mind, we deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. We support customers in more than 100 countries, with our largest customers being various departments and agencies of the U.S. Government, their prime contractors and international allies. Our capabilities have defense and civil government applications, as well as commercial applications.

Our fiscal year ends on the Friday nearest December 31. The fiscal year ended January 2, 2026 ("fiscal 2025") included 52 weeks, fiscal year ended January 3, 2025 ("fiscal 2024") included 53 weeks, and the fiscal year ended December 29, 2023 ("fiscal 2023") included 52 weeks. Unless the context otherwise requires, the terms "we," "our," "us," "Company" and "L3Harris" as used in this Annual Report on Form 10-K (this "Report") mean L3Harris Technologies, Inc. and its subsidiaries.

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Last close 253.97 2026-10-23

Market cap $47.29B 2026-07-03 share count

52-week range 232.34 - 379.23

Valuation FY2025 figures against the last close

P/S—

P/E29.8x

P/FCF17.6x

EV/EBITDA17.0x

Dividend yield1.9%

Diluted EPS8.53

Annual financial statements

Income statement

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	—	$21.32B	$19.42B	$17.06B	$17.81B	$18.19B	$6.80B	$6.17B	$5.90B	$5.99B
Cost of revenue	—	$15.80B	$14.31B	$12.13B	$12.44B	$14.31B	$4.47B	$4.07B	$3.85B	$3.83B
Gross profit	—	$5.52B	$5.11B	$4.93B	$5.38B	$3.89B	$2.33B	$2.10B	$2.04B	$2.16B
SG&A	$3.43B	$3.57B	$3.31B	$3.00B	$3.28B	$3.31B	$1.24B	$1.18B	—	—
Total operating expenses	—	—	—	—	—	—	$1.24B	$1.18B	$1.15B	$1.10B
Operating income	$2.11B	$1.92B	$1.43B	$1.13B	$2.11B	$2.16B	$1.45B	$1.12B	$1.07B	$1.05B
Interest expense	—	—	$543.0M	$279.0M	$265.0M	$254.0M	$167.0M	$170.0M	$172.0M	$183.0M
Pre-tax income	$1.93B	$1.60B	$1.22B	$1.27B	$2.28B	$1.32B	$1.11B	$908.0M	$889.0M	$884.0M
Income tax	$326.0M	$85.0M	$23.0M	$212.0M	$440.0M	$234.0M	$160.0M	$206.0M	$261.0M	$273.0M
Net income	$1.61B	$1.50B	$1.23B	$1.06B	$1.85B	$1.12B	$949.0M	$699.0M	$543.0M	$324.0M
EPS, basic	8.57	7.91	6.47	5.54	9.17	5.23	8.03	5.88	4.42	2.61
EPS, diluted	8.53	7.87	6.44	5.49	9.09	5.19	7.86	5.76	4.36	2.59
Shares, diluted (wtd. avg.)	188.4M	190.7M	190.6M	193.5M	203.2M	215.9M	120.5M	121.1M	124.3M	125.0M

Balance sheet

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash and equivalents	$1.07B	$615.0M	$560.0M	$880.0M	$941.0M	$1.28B	$824.0M	$288.0M	$484.0M	$487.0M
Receivables	$1.37B	$1.07B	$1.23B	$1.25B	$1.04B	$1.34B	$1.22B	$466.0M	$365.0M	$674.0M
Inventory	$1.22B	$1.33B	$1.47B	$1.29B	$982.0M	$973.0M	$1.22B	$411.0M	$392.0M	$867.0M
Total current assets	$8.59B	$8.22B	$8.05B	$6.75B	$6.36B	$6.67B	$6.31B	$2.22B	$2.07B	$2.62B
Property, plant and equipment	—	—	—	—	—	$2.10B	$2.12B	$900.0M	$904.0M	$924.0M
Goodwill	$20.01B	$20.32B	$19.98B	$17.28B	$18.19B	$18.88B	$20.00B	$5.37B	$5.37B	$5.35B
Other intangibles	$6.51B	$7.64B	$8.54B	$6.00B	$6.64B	$7.91B	$8.46B	$989.0M	$1.10B	$1.23B
Total assets	$41.20B	$42.00B	$41.69B	$33.52B	$34.71B	$36.96B	$38.34B	$9.85B	$10.11B	$12.01B
Accounts payable	$2.46B	$2.00B	$2.11B	$1.95B	$1.77B	$1.41B	$1.26B	$622.0M	$540.0M	$494.0M
Short-term debt	$0	$515.0M	$1.60B	$2.0M	$2.0M	$2.0M	$3.0M	$78.0M	$80.0M	$382.0M
Total current liabilities	$7.23B	$7.63B	$8.00B	$5.78B	$4.55B	$4.24B	$4.01B	$1.85B	$1.97B	$1.98B
Long-term debt	$10.44B	$11.08B	$11.16B	$6.22B	$7.05B	$6.94B	$6.69B	$3.41B	$3.40B	$4.12B
Total liabilities	$21.56B	$22.42B	$22.86B	$14.90B	—	—	—	—	—	—
Retained earnings	$4.21B	$3.74B	$3.22B	$2.94B	$2.92B	$2.35B	$2.18B	$1.65B	$1.32B	$1.33B
Total equity	$19.64B	$19.51B	$18.83B	$18.62B	$19.32B	$20.84B	$22.74B	$3.28B	$2.90B	$3.06B

Cash flow

Fiscal year	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Operating cash flow	$3.11B	$2.56B	$2.10B	$2.16B	$2.69B	$2.79B	$1.19B	$751.0M	$569.0M	$924.0M
Depreciation and amortisation	$1.22B	$1.29B	$1.17B	$938.0M	$967.0M	$1.03B	$258.0M	$259.0M	$311.0M	$361.0M
Stock-based compensation	$113.0M	$97.0M	$89.0M	$109.0M	$129.0M	$94.0M	$58.0M	$51.0M	$42.0M	$39.0M
Capital expenditure	$424.0M	$408.0M	$449.0M	$252.0M	$342.0M	$368.0M	$161.0M	$136.0M	$119.0M	$152.0M
Investing cash flow	$407.0M	-$263.0M	-$7.02B	-$250.0M	$1.39B	$751.0M	-$159.0M	-$141.0M	$870.0M	-$1.0M
Financing cash flow	-$3.08B	-$2.22B	$4.59B	-$1.95B	-$4.41B	-$3.11B	-$781.0M	-$805.0M	-$1.44B	-$893.0M
Dividends paid	$903.0M	$886.0M	$868.0M	$864.0M	$817.0M	$725.0M	$325.0M	$272.0M	$262.0M	$252.0M
Buybacks	$1.15B	$554.0M	$518.0M	$1.08B	$3.67B	$2.29B	$200.0M	$272.0M	$710.0M	$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000202058-26-000015.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)

Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity

Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks

Revenue
Gross profit
Net income

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.99B	$5.90B	$6.17B	$6.80B	$18.19B	$17.81B	$17.06B	$19.42B	$21.32B	—
Gross profit	$2.16B	$2.04B	$2.10B	$2.33B	$3.89B	$5.38B	$4.93B	$5.11B	$5.52B	—
Net income	$324.0M	$543.0M	$699.0M	$949.0M	$1.12B	$1.85B	$1.06B	$1.23B	$1.50B	$1.61B

Recent filings and events

2026-08-17 Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
2026-08-17 Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
2026-08-17 Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
2026-07-29 Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
2026-07-24 Officer or director change Item 5.02
2026-05-12 Shareholder vote The results of the annual meeting or a special vote. Item 5.07
2026-04-30 Results announced Item 2.02
2026-04-23 Other event Item 8.01
2026-03-12 Officer or director change Item 5.02
2026-03-12 Regulation FD disclosure Item 7.01
2026-03-02 Officer or director change Item 5.02
2026-03-02 Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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