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L3Harris Technologies LHX Free cash flow margin

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Other financials

Income statement

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Revenue$5.9B+8.4%
Gross profit$1.5B+12.5%
Operating income$654.0M+14.5%
Net income$600.0M+31.0%
EPS (diluted)$3.13+28.3%

Balance sheet

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Cash & equivalents$1.5B+216%
Total debt$12.8B+4.6%
Total equity$19.9B+3.1%
Total assets$42.9B+4.1%

Cash flow

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Operating cash flow$879.0M+37.3%
CapEx$108.0M+22.7%
Free cash flow$771.0M+39.7%

Valuation

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Market cap$51.59B-0.8%
Enterprise value$62.89B-1.4%
P/E27.5×-3.1×
P/S1.3×-0.1×

Profitability

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Gross margin25.6%-0.3pp
Operating margin10.3%+0.9pp
Net margin4.8%+0.2pp

Returns & leverage

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Return on equity9.6%+0.7pp
Debt / equity0.6×0.0×
Current ratio1.2×+0.1×

Where this comes from

Calculated from L3Harris Technologies’s reported figures.

Based on trailing twelve months.

The source filing: L3Harris Technologies’s 10-Q, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 9:06 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0000202058-26-000058

FAQ

What is L3Harris Technologies's free cash flow margin?
L3Harris Technologies (LHX) reported free cash flow margin of 7.2% in Q2 2026.
How has L3Harris Technologies's free cash flow margin changed year-over-year?
L3Harris Technologies's free cash flow margin increased by 23.2% year-over-year, from 5.8% to 7.2%.
What is the long-term trend for L3Harris Technologies's free cash flow margin?
Over 5 years (2020 to 2025), L3Harris Technologies's free cash flow margin has grown at a -12.0% compound annual growth rate (CAGR), from 13.3% to 7%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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