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L3HARRIS TECHNOLOGIES, INC. /DE/ LHX

NYSE · stock · Search, Detection, Navigation, Guidance, Aeronautical Sys · website · IPO 1955-07-13

L3HARRIS TECHNOLOGIES, INC. /DE/ statistics & valuation

Market cap$54.3B
P / E33.8×
P / B2.8×
P / FCF20.2×
Dividend yield1.66%
Return on equity8.2%
Net debt$9.4B
Net debt / EBITDA2.8×
Enterprise value USD$63.6B
EV / EBITDA19.1×
Earnings yield EBIT/EV3.3%
Return on capital6.2%
Graham number -51.4%$141.43

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($141.43); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2017201820192020202120212022202320252026
Operating margin (%)
18.20% 18.10% 21.30% 11.90% 11.80% 6.60% 7.30% 9.00% 2017201820192020202120212022202320252026
Return on equity (%)
19.00% 21.30% 28.20% 5.90% 5.40% 9.60% 5.70% 6.50% 7.70% 8.20% 2017201820192020202120212022202320252026
Shares outstanding
248.6M 242.2M 241.0M 218.2M 215.9M 203.2M 193.5M 190.6M 190.7M 188.4M 2017201820192020202120212022202320252026
Net debt ($)
$3.47B $3.42B $2.89B $5.87B $5.67B $6.11B $5.34B $10.60B $10.47B $9.37B 2017201820192020202120212022202320252026
Share buybacks ($)
2017201820192020202120212022202320252026
Return on assets (%)
5.50% 7.10% 9.40% 3.50% 3.00% 5.30% 3.20% 2.90% 3.60% 3.90% 2017201820192020202120212022202320252026
Free cash flow margin (%)
7.60% 9.90% 15.10% 13.30% 13.20% 11.20% 8.50% 10.10% 2017201820192020202120212022202320252026
Debt / equity (×)
1.36× 1.13× 1.02× 0.29× 0.33× 0.36× 0.33× 0.59× 0.57× 0.53× 2017201820192020202120212022202320252026
EPS ($)
$2.18 $2.88 $3.93 $7.89 $5.19 $9.09 $5.49 $6.44 $7.87 $8.53 2017201820192020202120212022202320252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

L3HARRIS TECHNOLOGIES, INC. /DE/ trades at about 34.1× earnings — below its 10-year norm (10-year range 23×–57.3×, median 39.1×).

23× 57.3×

Shaded band = 10-year range (23×–57.3×); dot = today's 34.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2023FY2022FY2021FY2021FY2020FY2019FY2018FY2017
Operating margin—9.0%7.3%6.6%11.8%11.9%—21.3%18.1%18.2%
Net margin—7.0%6.3%6.2%10.4%6.2%10.4%14.0%11.3%9.4%
FCF margin—10.1%8.5%11.2%13.2%13.3%—15.1%9.9%7.6%
Return on assets3.9%3.6%2.9%3.2%5.3%3.0%3.5%9.4%7.1%5.5%
Return on equity8.2%7.7%6.5%5.7%9.6%5.4%5.9%28.2%21.3%19.0%
Debt / equity0.53×0.57×0.59×0.33×0.36×0.33×0.29×1.02×1.13×1.36×
Current ratio1.191.081.011.171.401.571.571.141.201.05

Computed from company filings · US · as of 2026-01-02. Facts plus Stocktoria's own computed scores — not investment advice.