L3Harris Technologies LHX Monthly progress payments, percentage of costs incurred

Monthly progress payments, percentage of costs incurred at other companies

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$3.2M—

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$296.25M+39.8%

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$54.14B+17.1%

Enterprise value$64.9B+12.1%

P/E31.3×+2.4×

P/S1.4×+0.2×

Profitability

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Gross margin25.5%-0.6pp

Operating margin10.2%+1.0pp

Net margin4.5%+0.1pp

FCF margin6.7%+0.6pp

Returns & leverage

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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 hrs:FixedPriceContractsMonthlyProgressPaymentsPercentageOfCostsIncurred.

The official record: L3Harris Technologies’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is L3Harris Technologies's monthly progress payments, percentage of costs incurred?: L3Harris Technologies (LHX) reported monthly progress payments, percentage of costs incurred of 80% in Q4 2025.
What does monthly progress payments, percentage of costs incurred mean?: This represents the percentage of costs incurred that are eligible for reimbursement through monthly progress payments under fixed-price contracts. It is a key indicator of working capital efficiency and the company's ability to finance long-term projects.