Skip to content

L3Harris Technologies LHX Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin103.5%-1.4pp105%-2.3pp107.3%-11.6pp118.9%+22.3pp
Operating margin38.4%+8.3pp30.1%-0.2pp30.3%-4.8pp35.1%
Net margin17.8%-3.5pp21.3%-2.7pp24%-10.9pp35%+0.3pp
EBITDA margin51.7%-1.3pp53%-4.0pp57%+10.4pp46.5%-3.8pp
Free cash flow margin24%-3.1pp27.1%-13.3pp40.5%-2.4pp42.8%-9.7pp
Returns
Return on equity34.7%+7.7pp27%+3.2pp23.8%-7.0pp30.8%+0.3pp
Return on assets16.1%+3.5pp12.6%+0.4pp12.1%-4.9pp17.1%-0.1pp
Return on invested capital42.4%+18.1pp24.3%+4.7pp19.6%-5.1pp24.6%-1.1pp
Efficiency
Asset turnover3.6×+1.2×2.5×+0.4×+0.1×0.0×
Inventory turnover83.5×+33.5×50×+11.4×38.6×-5.4×44×-15.0×
Liquidity
Current ratio4.4×+0.4×-0.1×4.1×-0.7×4.9×-1.6×
Quick ratio3.7×+0.4×3.3×+0.1×3.2×-0.7×3.9×-1.6×
Cash ratio0.3×+0.1×0.3×0.0×0.3×-0.1×0.4×-0.7×
Leverage
Debt-to-equity2.5×-0.3×2.8×+0.2×2.6×+2.0×0.6×0.0×
Debt-to-assets1.2×-0.1×1.3×0.0×1.2×+0.9×0.3×0.0×
Net debt / EBITDA9.6×-6.9×16.4×-1.0×17.5×+13.5×+1.9×
Valuation
Market capitalization$210.06B+23.0%$170.8B+16.7%$146.37B-17.9%$178.38B+3.0%
Enterprise value$256.28B+15.6%$221.77B+15.4%$192.22B+3.1%$186.52B+4.5%
Price / earnings126.2×-10.3×136.4×-3.4×139.8×+11.7×128.2×+16.1×
Price / sales5.6×-1.8×7.4×-0.6×-2.5×10.5×+0.9×
Price / book10.8×+1.8×+1.1×7.9×-1.6×9.5×+0.7×
EV / EBITDA52.8×-19.0×71.8×-2.5×74.4×-20.7×95.1×+16.7×
EV / sales6.8×-2.8×9.6×-0.9×10.5×-0.5×11×+1.1×
Free cash flow yield17.5%+2.0pp15.4%-4.8pp20.3%+3.9pp16.4%-5.6pp
Earnings yield13%+1.1pp12%-0.2pp12.2%-1.1pp13.3%-1.2pp
Dividend yield7%-1.3pp8.3%-1.2pp9.5%+1.9pp7.6%+0.3pp
PEG ratio7.8×

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.