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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 (LHX) Q3 Earnings Top Estimates
L3Harris (LHX) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.19 per share a year ago.
Future of warfare is convergence of hardware, software, and AI, says L3Harris CEO Chris Kubasik
Alex Karp, Palantir CEO & co-founder, and Chris Kubasik, L3Harris CEO, joins 'Closing Bell Overtime' to talk the companies' strategic partnership to advance AI in defense.
L3Harris lifts lower end of 2024 results forecast amid global tensions
L3Harris raised the lower end of its annual profit and revenue forecasts on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns.
L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) reported third quarter 2024 diluted EPS of $2.10, an increase of 4% from third quarter 2023, on third quarter 2024 revenue of $5.3 billion, an increase of 8%. Third quarter 2024 non-GAAP diluted EPS...
L3Harris and Palantir Announce Strategic Partnership
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) and Palantir Technologies Inc. (NYSE: PLTR) today announced a strategic partnership to propel advanced technology development and accelerate L3Harris' digital transformation. The companies' complementary capabilities – including L3Harris' sensors and software-defined systems and Palantir's...
Dividend Aristocrats Of The Future - Part 1
A list of 10 companies well on their way to reaching dividend aristocrat status. These companies offer investors a variety of starting yields and span multiple sectors. The majority of these companies have low payout ratios, which could lead to...
Will L3Harris (LHX) Beat Estimates Again in Its Next Earnings Report?
L3Harris (LHX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Curious about L3Harris (LHX) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for L3Harris (LHX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Will Segment Sales Benefit L3Harris Technologies in Q3 Earnings?
LHX's Q3 results are likely to reflect the benefits of strong sales volume growth and favorable synergies from the Aerojet acquisition amid higher interest expenses.
L3Harris (LHX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
L3Harris (LHX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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