L3Harris Technologies LHX Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 103%-0.6pp | 103.5%-0.3pp | 103.8%-0.5pp | 104.3%-0.4pp | 104.8%-0.2pp | |
| Operating margin | 39.4%+1.0pp | 38.4%+1.2pp | 37.1%+2.6pp | 34.6%+2.3pp | 32.3%+2.2pp | |
| Net margin | 17.9%+0.1pp | 17.8%+0.2pp | 17.6%-1.0pp | 18.7%-1.2pp | 19.8%-1.5pp | |
| EBITDA margin | 52.4%+0.7pp | 51.7%+1.0pp | 50.7%-0.3pp | 51%-0.6pp | 51.7%-1.3pp | |
| Free cash flow margin | 24.6%+0.6pp | 24%+1.2pp | 22.8%-3.4pp | 26.2%-1.3pp | 27.5%+0.4pp | |
| Returns | ||||||
| Return on equity | 35.2%+0.4pp | 34.7%+0.4pp | 34.4%+2.7pp | 31.7%+2.5pp | 29.1%+2.1pp | |
| Return on assets | 16.4%+0.3pp | 16.1%+0.3pp | 15.8%+1.4pp | 14.4%+1.0pp | 13.4%+0.8pp | |
| Return on invested capital | 43.8%+1.4pp | 42.4%+1.2pp | 41.2%+5.9pp | 35.3%+5.5pp | 29.8%+5.6pp | |
| Efficiency | ||||||
| Asset turnover | 3.7×0.0× | 3.6×0.0× | 3.6×+0.4× | 3.2×+0.4× | 2.8×+0.4× | |
| Inventory turnover | 86.6×+3.1× | 83.5×+2.6× | 80.9×+10.4× | 70.4×+10.2× | 60.2×+10.2× | |
| Liquidity | ||||||
| Current ratio | 4.4×0.0× | 4.4×+0.1× | 4.3×+0.1× | 4.2×+0.1× | 4×0.0× | |
| Quick ratio | 3.7×0.0× | 3.7×+0.1× | 3.6×+0.1× | 3.5×+0.1× | 3.4×0.0× | |
| Cash ratio | 0.3×0.0× | 0.3×+0.1× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 2.4×-0.1× | 2.5×-0.1× | 2.6×-0.1× | 2.6×-0.1× | 2.7×-0.1× | |
| Debt-to-assets | 1.2×0.0× | 1.2×0.0× | 1.2×0.0× | 1.2×0.0× | 1.2×0.0× | |
| Net debt / EBITDA | 9.1×-0.4× | 9.6×-0.6× | 10.1×-2.0× | 12.1×-2.1× | 14.2×-2.2× | |
| Valuation | ||||||
| Market capitalization | $229.5B+9.3% | $210.06B+12.9% | $186.14B+4.0% | $178.98B+4.9% | $170.6B-0.1% | |
| Enterprise value | $274.75B+7.2% | $256.28B+9.5% | $233.95B+2.8% | $227.52B+3.4% | $220.07B-0.8% | |
| Price / earnings | 135.5×+9.4× | 126.2×+13.2× | 113×-8.1× | 121.1×-5.9× | 127×-9.4× | |
| Price / sales | 6.1×+0.5× | 5.6×+0.6× | 5×-0.8× | 5.8×-0.7× | 6.5×-0.9× | |
| Price / book | 11.7×+0.9× | 10.8×+1.2× | 9.6×+0.3× | 9.3×+0.4× | 8.9×-0.1× | |
| EV / EBITDA | 55.3×+2.6× | 52.8×+3.3× | 49.5×-7.6× | 57.1×-6.7× | 63.8×-8.0× | |
| EV / sales | 7.3×+0.4× | 6.8×+0.6× | 6.3×-1.1× | 7.3×-1.0× | 8.3×-1.3× | |
| Free cash flow yield | 16.2%-1.3pp | 17.5%-1.2pp | 18.7%-0.3pp | 19%+0.8pp | 18.2%+2.8pp | |
| Earnings yield | 12%-1.1pp | 13%-1.2pp | 14.3%+0.7pp | 13.6%+0.5pp | 13%+1.1pp | |
| Dividend yield | 6.3%-0.7pp | 7%-0.8pp | 7.8%-0.2pp | 8%-0.3pp | 8.3%+0.1pp | |
| PEG ratio | 11.5×+3.7× | 7.8×+4.6× | 3.3×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are L3Harris Technologies's profit margins?
- L3Harris Technologies (LHX) runs a 25.5% gross margin and a 10.2% operating margin, with a 4.5% net margin.
- Where do L3Harris Technologies's ratios come from?
- Every ratio is computed from L3Harris Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
