L3Harris Technologies LHX Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 103%-1.8pp | 103.5%-1.4pp | 103.8%-1.5pp | 104.3%-1.0pp | 104.8%-0.9pp | |
| Operating margin | 39.4%+7.1pp | 38.4%+8.3pp | 37.1%+8.5pp | 34.6%+4.7pp | 32.3%+2.1pp | |
| Net margin | 17.9%-1.9pp | 17.8%-3.5pp | 17.6%-5.9pp | 18.7%-7.2pp | 19.8%-4.7pp | |
| EBITDA margin | 52.4%+0.7pp | 51.7%-1.3pp | 50.7%-3.3pp | 51%-6.1pp | 51.7%-6.7pp | |
| Free cash flow margin | 24.6%-3.0pp | 24%-3.1pp | 22.8%-7.0pp | 26.2%-4.3pp | 27.5%-6.0pp | |
| Returns | ||||||
| Return on equity | 35.2%+6.0pp | 34.7%+7.7pp | 34.4%+8.6pp | 31.7%+4.3pp | 29.1%+3.9pp | |
| Return on assets | 16.4%+3.0pp | 16.1%+3.5pp | 15.8%+3.5pp | 14.4%+1.1pp | 13.4%+0.9pp | |
| Return on invested capital | 43.8%+14.0pp | 42.4%+18.1pp | 41.2%+21.8pp | 35.3%+15.2pp | 29.8%+9.9pp | |
| Efficiency | ||||||
| Asset turnover | 3.7×+0.8× | 3.6×+1.2× | 3.6×+1.5× | 3.2×+1.1× | 2.8×+0.8× | |
| Inventory turnover | 86.6×+26.4× | 83.5×+33.5× | 80.9×+40.2× | 70.4×+30.7× | 60.2×+21.3× | |
| Liquidity | ||||||
| Current ratio | 4.4×+0.4× | 4.4×+0.4× | 4.3×+0.4× | 4.2×+0.4× | 4×+0.1× | |
| Quick ratio | 3.7×+0.4× | 3.7×+0.4× | 3.6×+0.3× | 3.5×+0.4× | 3.4×+0.2× | |
| Cash ratio | 0.3×+0.1× | 0.3×+0.1× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 2.4×-0.3× | 2.5×-0.3× | 2.6×-0.3× | 2.6×-0.3× | 2.7×-0.1× | |
| Debt-to-assets | 1.2×-0.1× | 1.2×-0.1× | 1.2×-0.1× | 1.2×-0.1× | 1.2×0.0× | |
| Net debt / EBITDA | 9.1×-5.1× | 9.6×-6.9× | 10.1×-8.8× | 12.1×-6.9× | 14.2×-3.7× | |
| Valuation | ||||||
| Market capitalization | $229.5B+34.5% | $210.06B+23.0% | $186.14B+9.4% | $178.98B+13.8% | $170.6B+13.7% | |
| Enterprise value | $274.75B+24.8% | $256.28B+15.6% | $233.95B+5.3% | $227.52B+8.0% | $220.07B+10.1% | |
| Price / earnings | 135.5×+8.5× | 126.2×-10.3× | 113×-28.9× | 121.1×-4.8× | 127×-7.5× | |
| Price / sales | 6.1×-0.4× | 5.6×-1.8× | 5×-3.3× | 5.8×-2.2× | 6.5×-1.4× | |
| Price / book | 11.7×+2.8× | 10.8×+1.8× | 9.6×+0.6× | 9.3×+0.9× | 8.9×+0.9× | |
| EV / EBITDA | 55.3×-8.5× | 52.8×-19.0× | 49.5×-31.3× | 57.1×-18.2× | 63.8×-8.6× | |
| EV / sales | 7.3×-1.1× | 6.8×-2.8× | 6.3×-4.6× | 7.3×-3.3× | 8.3×-2.2× | |
| Free cash flow yield | 16.2%-2.0pp | 17.5%+2.0pp | 18.7%+4.4pp | 19%+3.5pp | 18.2%+1.1pp | |
| Earnings yield | 12%-1.1pp | 13%+1.1pp | 14.3%+2.9pp | 13.6%+0.5pp | 13%+0.5pp | |
| Dividend yield | 6.3%-2.0pp | 7%-1.3pp | 7.8%-0.5pp | 8%-0.9pp | 8.3%-1.0pp | |
| PEG ratio | 11.5×— | 7.8×— | 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.
