L3harris Technologies, Inc. (LHX)
Industrials · Aerospace & Defense · US stock · S&P 500 component
$248.51
▲ +8.01 (3.33%)
Fair valueFair
$352 +41.5% to fair value
$176fair band $246–$457$527
Day's range
$242.01 – $248.63
52-week range
$232.34 – $374.59
About L3harris Technologies, Inc.
This company is a defense and aerospace company that builds communications equipment, sensors, electronic systems, space payloads and aircraft mission systems. Its main customers are the United States government and allied governments, with a smaller share of commercial sales. It earns money from long-term contracts for developing and producing systems, and from maintenance and upgrades. Government budgets and contract awards therefore play a central role in its results.
Sales came to $39.1 billion in the last twelve months. Its operating margin came to 10.3%, and return on invested capital was 12%. Net debt stands at 1.8 times EBITDA. The company pays a dividend, yielding 2.0%. On the site's X-Ray Score it receives 59 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $232.34 – $374.59Volume 3,371,162Daily, split-adjusted
Vitals
Market cap$46.5B
52-week range$232.34 – $374.59
Volume (last day)3,371,162
P/E (TTM)24.9
EBIT / EV yield7.2%
Free-cash-flow yield6.0%
Dividend yield2.0%
Revenue (TTM)$39.1B
Net income (TTM)$1.9B
Operating margin10.3%
Return on capital12.4%
Debt incl. leases$11.0B
Cash & securities$1.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$352model spread $329 – $374
Fair
+41.5% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $249
Undervalued < $246Fair $246 – $457Overvalued > $457
10-year DCF (market-scaled)
$320
Peer multiples
$383
Earnings power floor (not blended)
$134
Growth the price implies
5.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Strong
82/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.2%
Free-cash-flow yield6.0%
Fair value vs price1.4×
Growth
Fair
55/100
Growing at a typical pace for its sector.
See the numbers →
EPS growth (3y)15.8%
Growth consistency90%
Profitability
Weak
40/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.4%
Operating margin10.3%
Gross profitability23.3%
Financial health
Fair
63/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score9 / 9
Net debt / EBITDA1.8×
Interest coverNo interest cost
Dividends
Weak
46/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.0%
Dividends vs free cash flow33%
Dividend growth1.5%
Quarterly results: last 6 quarters
-1.5%
Mar '25
+2.4%
Jun '25
+6.9%
Oct '25
+2.5%
Jan '26
+11.9%
Apr '26
+8.4%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $5.9B, diluted EPS $3.13.
Compare with peers
GD General Dynamics Corp69 TXT Textron Inc65 LMT Lockheed Martin Corp57 HWM Howmet Aerospace Inc.54Other Aerospace & Defense companies by X-Ray Score.
Fundamentals checklist
● 6 Good · ● 7 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 57/100.
Financials
| FY21 | FY22 | FY23 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $17.8B | $17.1B | $19.4B | $21.3B | – |
| Operating income | $2.1B | $1.1B | $1.4B | $1.9B | $2.1B |
| Net income | $1.8B | $1.1B | $1.2B | $1.5B | $1.6B |
| Operating cash flow | $2.7B | $2.2B | $2.1B | $2.6B | $3.1B |
| Operating margin | 11.8% | 6.6% | 7.3% | 9.0% | – |
| Free cash flow | $2.3B | $1.9B | $1.6B | $2.2B | $2.7B |
| Diluted EPS | $9.09 | $5.49 | $6.44 | $7.87 | $8.53 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
5 bullish · 1 neutral · 10 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 238.2 | Bullish |
| EMA 10 | 239.8 | Bullish |
| SMA 20 | 238.5 | Bullish |
| EMA 20 | 241.2 | Bullish |
| SMA 50 | 254.4 | Bearish |
| EMA 50 | 253.1 | Bearish |
| SMA 100 | 274.3 | Bearish |
| EMA 100 | 269.8 | Bearish |
| SMA 200 | 305.7 | Bearish |
| EMA 200 | 282.4 | Bearish |
Oscillators (daily)
| RSI (14) | 57.26 | Neutral |
| MACD (12, 26) | -3.56 | Bearish |
| Momentum (12) | 4.95 | Bullish |
| Stochastic %K (14) | 99.26 | Bearish |
| Williams %R (14) | -0.74 | Bearish |
| CCI (20) | 212.6 | Bearish |
Pivot points (classic, last session)
S3 237.5 | S2 239.8 | S1 244.1 | Pivot 246.4 | R1 250.8 | R2 253.0 | R3 257.4 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.95 USD
Yield on today's price
1.99%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 4 Sep 2026 | 1.2500 |
| 5 Jun 2026 | 1.2500 |
| 6 Mar 2026 | 1.2500 |
| 17 Nov 2025 | 1.2000 |
| 5 Sep 2025 | 1.2000 |
| 3 Jun 2025 | 1.2000 |
| 10 Mar 2025 | 1.2000 |
| 18 Nov 2024 | 1.1600 |
| 6 Sep 2024 | 1.1600 |
| 4 Jun 2024 | 1.1600 |
| 7 Mar 2024 | 1.1600 |
| 16 Nov 2023 | 1.1400 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
LHX SEC filings
17 Aug 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
30 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
24 Jul 2026
8-KSEC EDGAR
Director or officer change
12 May 2026
8-KSEC EDGAR
Shareholder vote results
30 Apr 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations
23 Apr 2026
8-KSEC EDGAR
Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.