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L3Harris Technologies LHX Work in process

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Other financials

Income statement

Revenue$5.7B+11.9%

Gross profit$1.4B+3.9%

Operating income$652.0M+24.2%

Net income$512.0M+32.6%

EPS (diluted)$2.72+33.3%

Balance sheet

Cash & equivalents$590.0M+14.1%

Total debt$11.4B-7.3%

Total equity$19.7B+2.9%

Total assets$41.4B+0.3%

Cash flow

Operating cash flow-$95.0M-126%

CapEx$99.0M+67.8%

Free cash flow-$194.0M-92.1%

Valuation

Market cap$53.75B+15.2%

Enterprise value$64.52B+10.5%

P/E31×+2.0×

P/S1.4×+0.1×

Profitability

Gross margin25.5%-0.6pp

Operating margin10.2%+1.0pp

Net margin4.5%+0.1pp

FCF margin6.7%+0.6pp

Returns & leverage

Return on equity8.9%+0.4pp

Debt / equity0.6×-0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by L3Harris Technologies in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: L3Harris Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is L3Harris Technologies's work in process?: L3Harris Technologies (LHX) reported work in process of $309M in Q1 2026.
How has L3Harris Technologies's work in process changed year-over-year?: L3Harris Technologies's work in process decreased by 11.5% year-over-year, from $349M to $309M.
What is the long-term trend for L3Harris Technologies's work in process?: Over 5 years (2020 to 2025), L3Harris Technologies's work in process has grown at a -4.5% compound annual growth rate (CAGR), from $367M to $291M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.