Current Assets
Contract Assets
L3Harris Technologies Contract Assets decreased by 1.0% to $3.53B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.1%, from $3.64B to $3.53B. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 7.9% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ2 2017
Last reportedQ1 2026Apr 30, 2026
How to read this metric
A growing balance may indicate strong project progress, but excessive growth relative to revenue could signal potential billing or collection bottlenecks.
Detailed definition
Contract assets represent the company's right to consideration for work completed under a contract that has not yet been...
Peer comparison
Standard for firms using percentage-of-completion accounting; peers in construction often carry significant contract asset balances.
Metric ID:
contract_assetsHistorical Data
21 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.58B | $2.65B | $2.81B | $3.02B | $3.11B | $3.05B | $3.14B | $2.99B | $3.27B | $3.16B | $3.48B | $3.20B | $3.50B | $3.21B | $3.40B | $3.23B | $3.64B | $3.86B | $3.68B | $3.57B | $3.53B |
| QoQ Change | — | +2.8% | +6.2% | +7.4% | +3.0% | -2.1% | +2.9% | -4.7% | +9.6% | -3.4% | +9.9% | -8.1% | +9.6% | -8.4% | +6.0% | -5.0% | +12.8% | +5.9% | -4.7% | -3.0% | -1.0% |
| YoY Change | — | — | — | — | +20.8% | +15.1% | +11.4% | -1.1% | +5.2% | +3.8% | +10.9% | +7.0% | +7.0% | +1.4% | -2.2% | +1.1% | +4.0% | +20.2% | +8.1% | +10.4% | -3.1% |
Range$2.58B – $3.86B
CAGR+6.5%
Avg YoY Growth+7.1%
Median YoY Growth+7.0%
Current Streak3 quarters decline
Contract Assets at Other Companies
Frequently Asked Questions
- What is L3Harris Technologies's contract assets?
- L3Harris Technologies (LHX) reported contract assets of $3.53B in Q1 2026.
- How has L3Harris Technologies's contract assets changed year-over-year?
- L3Harris Technologies's contract assets decreased by 3.1% year-over-year, from $3.64B to $3.53B.
- What is the long-term trend for L3Harris Technologies's contract assets?
- Over 5 years (2020 to 2025), L3Harris Technologies's contract assets has grown at a 7.9% compound annual growth rate (CAGR), from $2.44B to $3.57B.
- What does contract assets mean?
- Revenue earned from projects that has not yet been invoiced to the customer.