See more : WCT Holdings Berhad (9679.KL) Income Statement Analysis – Financial Results
Complete financial analysis of L3Harris Technologies, Inc. (LHX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of L3Harris Technologies, Inc., a leading company in the Aerospace & Defense industry within the Industrials sector.
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L3Harris Technologies, Inc. (LHX)
About L3Harris Technologies, Inc.
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and ship control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems. This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks. Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.42B | 17.06B | 17.81B | 18.19B | 18.53B | 6.80B | 6.17B | 5.90B | 5.99B | 3.89B | 5.01B | 5.11B | 5.45B | 5.42B | 4.73B | 5.01B | 4.60B | 4.24B | 3.47B | 3.00B | 2.52B | 2.06B | 1.84B | 1.96B | 1.81B | 1.74B | 1.92B | 1.95B | 3.62B | 3.44B | 3.34B | 3.10B | 3.00B | 3.04B | 3.05B | 2.21B | 2.06B | 2.08B | 2.22B |
| Cost of Revenue | 14.31B | 12.14B | 12.44B | 12.89B | 13.45B | 4.47B | 4.07B | 3.85B | 3.83B | 2.37B | 3.31B | 3.39B | 3.57B | 3.53B | 3.05B | 3.42B | 3.15B | 2.87B | 2.39B | 2.18B | 1.89B | 1.54B | 1.35B | 1.43B | 1.29B | 1.21B | 1.38B | 1.40B | 2.23B | 2.16B | 2.12B | 1.94B | 1.87B | 1.87B | 1.79B | 1.37B | 1.25B | 1.22B | 1.35B |
| Gross Profit | 5.11B | 4.93B | 5.38B | 5.31B | 5.07B | 2.33B | 2.10B | 2.04B | 2.16B | 1.52B | 1.70B | 1.73B | 1.88B | 1.89B | 1.67B | 1.58B | 1.45B | 1.37B | 1.09B | 823.80M | 630.30M | 517.40M | 482.40M | 524.00M | 512.90M | 528.70M | 543.20M | 550.70M | 1.39B | 1.28B | 1.21B | 1.16B | 1.14B | 1.17B | 1.26B | 845.30M | 816.30M | 855.80M | 862.80M |
| Gross Profit Ratio | 26.33% | 28.88% | 30.18% | 29.17% | 27.39% | 34.32% | 34.08% | 34.64% | 36.05% | 39.00% | 33.96% | 33.78% | 34.52% | 34.81% | 35.39% | 31.66% | 31.56% | 32.33% | 31.34% | 27.45% | 25.03% | 25.11% | 26.28% | 26.80% | 28.38% | 30.32% | 28.22% | 28.26% | 38.31% | 37.19% | 36.41% | 37.52% | 37.88% | 38.61% | 41.32% | 38.19% | 39.58% | 41.16% | 38.92% |
| Research & Development | 480.00M | 603.00M | 692.00M | 684.00M | 658.00M | 0.00 | 311.00M | 310.00M | 305.00M | 0.00 | 264.00M | 900.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.47B | 1.23B | 3.28B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 450.00M | 483.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.92B | 3.00B | 3.28B | 3.32B | 2.16B | 1.24B | 1.18B | 1.15B | 1.11B | 883.00M | 820.00M | 914.00M | 940.90M | 890.90M | 723.20M | 791.30M | 746.50M | 830.70M | 682.30M | 502.60M | 421.00M | 414.10M | 378.30M | 414.40M | 415.20M | 384.30M | 420.70M | 399.90M | 911.90M | 835.80M | 830.80M | 823.00M | 817.30M | 957.50M | 861.30M | 565.10M | 603.00M | 610.60M | 654.80M |
| Other Expenses | 1.29B | 443.00M | 469.00M | 401.00M | 0.00 | 188.00M | 180.00M | 164.00M | 0.00 | 1.00M | 4.00M | 1.00M | 11.10M | -2.00M | -1.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 3.69B | 3.00B | 3.28B | 3.32B | 2.81B | 1.24B | 1.18B | 1.15B | 1.11B | 883.00M | 820.00M | 914.00M | 940.90M | 890.90M | 723.20M | 791.30M | 746.50M | 830.70M | 682.30M | 502.60M | 421.00M | 414.10M | 378.30M | 356.60M | 483.80M | 447.80M | 482.60M | 462.70M | 1.08B | 1.00B | 984.20M | 980.30M | 988.50M | 1.14B | 1.04B | 680.70M | 731.00M | 750.40M | 789.60M |
| Cost & Expenses | 17.99B | 15.13B | 15.72B | 16.20B | 16.27B | 5.71B | 5.25B | 5.00B | 4.94B | 3.25B | 4.13B | 4.30B | 4.51B | 4.42B | 3.78B | 4.21B | 3.89B | 3.70B | 3.07B | 2.68B | 2.31B | 1.96B | 1.73B | 1.79B | 1.78B | 1.66B | 1.86B | 1.86B | 3.32B | 3.16B | 3.11B | 2.92B | 2.85B | 3.01B | 2.84B | 2.05B | 1.98B | 1.97B | 2.14B |
| Interest Income | 0.00 | 0.00 | 0.00 | 16.00M | 0.00 | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 3.00M | 2.00M | 2.50M | 2.80M | 1.50M | 3.20M | 5.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 543.00M | 279.00M | 265.00M | 254.00M | 0.00 | 167.00M | 170.00M | 172.00M | 183.00M | 130.00M | 94.00M | 109.00M | 113.20M | 90.40M | 72.10M | 52.80M | 53.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.17B | 947.00M | 970.00M | 1.05B | 894.00M | 258.00M | 260.00M | 273.00M | 361.00M | 244.00M | 204.00M | 221.00M | 260.30M | 212.00M | 165.70M | 177.70M | 172.20M | 135.20M | 98.40M | 82.60M | 60.10M | 56.40M | 55.10M | 79.70M | 68.60M | 63.50M | 61.90M | 62.80M | 170.70M | 165.30M | 153.40M | 157.30M | 171.20M | 184.10M | 183.60M | 115.60M | 128.00M | 139.80M | 134.80M |
| EBITDA | 2.93B | 2.50B | 3.52B | 2.64B | 2.98B | 1.54B | 1.36B | 1.35B | 1.36B | 879.00M | 1.09B | 1.13B | 1.18B | 1.18B | 1.09B | 679.60M | 857.00M | 529.30M | 506.30M | 410.10M | 280.40M | 136.00M | 118.20M | 240.60M | 90.50M | 150.80M | 81.00M | 120.00M | 443.20M | 421.90M | 362.60M | 292.80M | 278.70M | 161.30M | 353.10M | 241.00M | 193.90M | 208.70M | 198.20M |
| EBITDA Ratio | 15.10% | 19.40% | 19.83% | 18.83% | 17.02% | 22.61% | 22.07% | 23.23% | 23.66% | 22.63% | 21.81% | 20.29% | 22.30% | 22.31% | 23.59% | 19.47% | 19.18% | 12.47% | 14.57% | 13.67% | 11.13% | 6.60% | 6.44% | 12.31% | 5.01% | 8.65% | 4.21% | 6.16% | 12.24% | 12.25% | 10.87% | 9.45% | 9.28% | 5.31% | 11.57% | 10.89% | 9.40% | 10.04% | 8.94% |
| Operating Income | 1.43B | 2.37B | 2.57B | 2.39B | 2.26B | 1.28B | 1.12B | 1.06B | 1.06B | 635.00M | 889.00M | 816.00M | 955.10M | 996.60M | 948.80M | 796.70M | 709.20M | 394.10M | 407.90M | 327.50M | 220.30M | 79.60M | 63.10M | 160.90M | 21.90M | 87.30M | 19.10M | 57.20M | 272.50M | 256.60M | 209.20M | 135.50M | 107.50M | -22.80M | 169.50M | 125.40M | 65.90M | 68.90M | 63.40M |
| Operating Income Ratio | 7.34% | 13.90% | 14.40% | 13.16% | 12.20% | 18.82% | 18.19% | 17.96% | 17.61% | 16.34% | 17.74% | 15.96% | 17.52% | 18.39% | 20.08% | 15.92% | 15.43% | 9.29% | 11.74% | 10.91% | 8.75% | 3.86% | 3.44% | 8.23% | 1.21% | 5.01% | 0.99% | 2.94% | 7.53% | 7.45% | 6.27% | 4.37% | 3.58% | -0.75% | 5.55% | 5.66% | 3.19% | 3.31% | 2.86% |
| Total Other Income/Expenses | -205.00M | 146.00M | 174.00M | 13.00M | -444.00M | 21.00M | -214.00M | 84.00M | -171.00M | -236.00M | -87.00M | -148.00M | -99.20M | -89.50M | -72.50M | -308.20M | -36.50M | 119.60M | -25.90M | -22.80M | -29.30M | 28.60M | 68.60M | -95.00M | 2.20M | -2.90M | 84.60M | 42.00M | -30.30M | -42.20M | -37.00M | -12.80M | -24.30M | -22.40M | -26.70M | 41.80M | 20.60M | 53.50M | -12.50M |
| Income Before Tax | 1.22B | 1.27B | 2.28B | 1.32B | 1.82B | 1.11B | 908.00M | 889.00M | 884.00M | 396.00M | 795.00M | 665.00M | 841.90M | 905.50M | 876.40M | 485.30M | 667.50M | 660.80M | 380.80M | 298.40M | 180.00M | 108.20M | 131.70M | 72.40M | 38.50M | 78.00M | 103.70M | 99.20M | 274.40M | 237.60M | 193.50M | 169.80M | 125.00M | 9.80M | 189.90M | 167.20M | 86.50M | 122.40M | 60.70M |
| Income Before Tax Ratio | 6.29% | 7.46% | 12.82% | 7.27% | 9.80% | 16.37% | 14.72% | 15.08% | 14.75% | 10.19% | 15.86% | 13.01% | 15.44% | 16.71% | 18.55% | 9.70% | 14.52% | 15.57% | 10.96% | 9.94% | 7.15% | 5.25% | 7.17% | 3.70% | 2.13% | 4.47% | 5.39% | 5.09% | 7.58% | 6.90% | 5.80% | 5.48% | 4.16% | 0.32% | 6.22% | 7.55% | 4.19% | 5.89% | 2.74% |
| Income Tax Expense | 23.00M | 212.00M | 440.00M | 234.00M | 146.00M | 160.00M | 206.00M | 261.00M | 273.00M | 109.00M | 256.00M | 203.00M | 286.00M | 306.80M | 295.40M | 172.90M | 214.00M | 190.90M | 142.90M | 96.20M | 54.30M | 37.90M | 44.70M | 51.00M | 13.50M | 28.10M | 37.30M | 34.90M | 96.00M | 83.10M | 71.60M | 58.70M | 37.50M | -9.70M | 59.20M | 51.00M | 21.10M | 37.90M | 1.10M |
| Net Income | 1.23B | 1.06B | 1.85B | 1.12B | 1.64B | 949.00M | 699.00M | 543.00M | 324.00M | 334.00M | 535.00M | 113.00M | 30.60M | 588.00M | 561.60M | 37.90M | 444.20M | 480.40M | 237.90M | 202.20M | 132.80M | 59.50M | 82.60M | 21.40M | 18.00M | 53.10M | 133.00M | 207.50M | 178.40M | 154.50M | 111.80M | 111.10M | 75.20M | 19.50M | 130.70M | 21.40M | 65.40M | 84.50M | 59.60M |
| Net Income Ratio | 6.32% | 6.22% | 10.36% | 6.15% | 8.87% | 13.95% | 11.33% | 9.21% | 5.41% | 8.60% | 10.67% | 2.21% | 0.56% | 10.85% | 11.89% | 0.76% | 9.66% | 11.32% | 6.85% | 6.74% | 5.27% | 2.89% | 4.50% | 1.09% | 1.00% | 3.05% | 6.91% | 10.65% | 4.93% | 4.49% | 3.35% | 3.58% | 2.50% | 0.64% | 4.28% | 0.97% | 3.17% | 4.06% | 2.69% |
| EPS | 6.47 | 5.54 | 9.17 | 5.23 | 7.43 | 8.04 | 5.89 | 4.50 | 2.61 | 3.15 | 5.00 | 1.01 | 0.26 | 4.63 | 4.31 | 0.29 | 3.32 | 3.63 | 1.79 | 1.52 | 1.00 | 0.45 | 0.62 | 0.16 | 0.13 | 0.34 | 0.84 | 1.33 | 1.15 | 0.99 | 0.71 | 0.71 | 0.48 | 0.13 | 0.83 | 0.14 | 0.41 | 0.52 | 0.37 |
| EPS Diluted | 6.44 | 5.49 | 9.08 | 5.18 | 7.35 | 7.88 | 5.77 | 4.44 | 2.59 | 3.11 | 4.95 | 1.01 | 0.26 | 4.60 | 4.28 | 0.28 | 3.26 | 3.43 | 1.71 | 1.46 | 0.97 | 0.45 | 0.62 | 0.16 | 0.13 | 0.34 | 0.83 | 1.33 | 1.15 | 0.99 | 0.71 | 0.71 | 0.48 | 0.13 | 0.83 | 0.14 | 0.41 | 0.52 | 0.37 |
| Weighted Avg Shares Out | 189.60M | 191.80M | 201.30M | 214.00M | 221.20M | 118.00M | 118.60M | 122.60M | 123.80M | 105.70M | 106.10M | 110.50M | 114.20M | 125.30M | 129.00M | 132.30M | 133.90M | 132.34M | 132.90M | 133.03M | 132.80M | 132.22M | 131.80M | 133.75M | 149.00M | 158.51M | 158.33M | 156.02M | 155.81M | 156.06M | 158.58M | 157.59M | 156.67M | 156.00M | 158.42M | 158.52M | 159.51M | 164.08M | 161.08M |
| Weighted Avg Shares Out (Dil) | 190.60M | 193.50M | 203.20M | 215.90M | 223.70M | 120.50M | 121.10M | 124.30M | 125.00M | 106.80M | 107.30M | 111.20M | 114.80M | 126.30M | 130.00M | 133.20M | 136.50M | 140.06M | 141.60M | 138.49M | 136.91M | 132.22M | 133.23M | 133.75M | 149.00M | 158.51M | 160.24M | 156.02M | 155.81M | 156.06M | 160.00M | 157.59M | 156.67M | 156.00M | 158.42M | 158.52M | 159.51M | 164.08M | 161.08M |
L3Harris Electronic Warfare System Completes Safety of Flight Testing
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has completed Safety of Flight (SOF) qualification on its Viper Shield™ all-digital electronic warfare (EW) suite for F-16 fighter jets. The company will provide the advanced capability to F-16 fleets for six international partners....
Do These 3 Stocks Signal Cathie Wood's Boldest Move Yet in Artificial Intelligence (AI)?
Cathie Wood is known for taking major positions in speculative opportunities, and three stocks in her portfolio may indicate a new pocket of AI that rarely is spoken about.
L3Harris' rocket motor unit investments boosting output
Investments by L3Harris Technologies into its Aerojet Rocketdyne rocket motor unit have helped improve facilities and processes after years of underinvestment and late deliveries to customers, an executive told Reuters.
L3Harris And Palantir Collaboration Key To Future Growth, BofA Upgrades Stock
BofA Securities analyst Ronald J. Epstein upgraded L3Harris Technologies, Inc. LHX to Buy from Neutral and raised the price target to $300 from $240.
L3Harris unit making rocket motors used in Ukraine says business has surged
L3Harris Technologies' subsidiary Aerojet Rocketdyne has doubled its monthly production of motors for GMLRS rockets that are heavily used in Ukraine, a company executive said on Tuesday, as global demand surges to supply Kyiv and to rebuild shrinking U.S. stockpiles.
Mission-Critical Dividends: Why L3Harris Stands Out In My Portfolio
L3Harris Technologies, Inc. is a high-conviction dividend growth stock, leveraging strategic high-margin contracts and innovative partnerships to drive impressive returns and future growth. The company boasts a record $34 billion backlog, robust revenue growth, and rising margins, positioning it well...
L3Harris Poised For 2025 Growth: Analysts Highlight Q3 Earnings Beat, Solid Orders, And Margin Expansion Potential
L3Harris Technologies Inc LHX stock is trading higher after the company reported better-than-expected third-quarter financial results.
L3Harris Technologies, Inc. (LHX) Q3 2024 Earnings Call Transcript
L3Harris Technologies, Inc. (NYSE:LHX ) Q3 2024 Earnings Conference Call October 25, 2024 8:30 AM ET Company Participants Daniel Gittsovich - VP, IR Christopher Kubasik - Chair and CEO Kenneth Bedingfield - SVP and CFO Conference Call Participants Sheila Kahyaoglu...
L3Harris' Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
LHX's third-quarter revenues miss the Zacks Consensus Estimate by 0.6%. The company still expects to generate adjusted free cash flow worth approximately $2.2 billion in 2024.
L3Harris (LHX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for L3Harris (LHX) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Source: https://incomestatements.info
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