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L3Harris Technologies LHX Operating margin

Operating margin at other companies

Boeing logo
BoeingBA
4.6%+2.6pp
General Dynamics logo
General DynamicsGD
10.2%0.0pp
Motorola Solutions, Inc. logo
Motorola Solutions, Inc.MSI
24.7%-0.4pp
Raytheon Technologies logo
Raytheon TechnologiesRTX
10.9%+2.7pp
Lockheed Martin logo
Lockheed MartinLMT
9.9%-0.4pp
Teledyne Technologies logo
Teledyne TechnologiesTDY
19%+1.5pp

Other financials

Income statement

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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

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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

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Operating cash flow-$95.0M-126%
CapEx$99.0M+67.8%
Free cash flow-$194.0M-92.1%

Valuation

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Market cap$58.34B+48.1%
Enterprise value$69.11B+35.4%
P/E33.7×+9.1×
P/S1.5×+0.4×

Profitability

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Gross margin25.5%-0.6pp
Net margin4.5%+0.1pp

Returns & leverage

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Return on equity8.9%+0.4pp
Debt / equity0.6×-0.1×
Current ratio0.0×

Where this comes from

Calculated from L3Harris Technologies’s reported figures.

Based on trailing twelve months.

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 operating margin?
L3Harris Technologies (LHX) reported operating margin of 10.2% in Q1 2026.
How has L3Harris Technologies's operating margin changed year-over-year?
L3Harris Technologies's operating margin increased by 10.9% year-over-year, from 9.2% to 10.2%.
What is the long-term trend for L3Harris Technologies's operating margin?
Over 3 years (2022 to 2025), L3Harris Technologies's operating margin has grown at a 3.0% compound annual growth rate (CAGR), from 35.1% to 38.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.