L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, such as helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios and system applications and equipment. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $21.9B | $3.8B | $1.6B | $2.7B | 8.2% | 2.5% | 6.9% |
| 2024 | $21.3B | $3.6B | $1.5B | $2.2B | 7.7% | 9.8% | 22.4% |
| 2023 | $19.4B | $2.9B | $1.2B | $1.6B | 6.5% | 13.8% | 15.5% |
| 2022 | $17.1B | $2.5B | $1.1B | $1.9B | 5.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 17,062 | 19,419 | 21,325 | 21,865 |
| Cost Of Revenue | - | 12,135 | 14,306 | 15,801 | 16,240 |
| Gross Profit | - | 4,927 | 5,113 | 5,524 | 5,625 |
| Operating Expense | - | 2,998 | 3,313 | 3,509 | 3,475 |
| Operating Income | - | 1,929 | 1,800 | 2,015 | 2,150 |
| EBITDA | - | 2,490 | 2,930 | 3,561 | 3,753 |
| EBIT | - | 1,552 | 1,764 | 2,272 | 2,529 |
| Pretax Income | - | 1,273 | 1,221 | 1,597 | 1,932 |
| Tax Provision | - | 212 | 23 | 85 | 326 |
| Net Income | - | 1,062 | 1,227 | 1,502 | 1,606 |
| Net Income Common Stockholders | - | 1,062 | 1,227 | 1,502 | 1,606 |
| Total Expenses | - | 15,133 | 17,619 | 19,310 | 19,715 |
| Interest Expense | - | 279 | 543 | 675 | 597 |
| Research And Development | - | 603 | 480 | 515 | 536 |
| Selling General And Administration | - | 2,998 | 3,313 | 2,215 | 2,232 |
| Normalized EBITDA | - | 3,292 | 3,304 | 3,658 | 3,793 |
| Normalized Income | - | 1,730.07 | 1,593.89 | 1,593.84 | 1,639.25 |
| Market Cap | 59,306.39 | 59,306.39 | 59,306.39 | 59,306.39 | 59,306.39 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| L3Harris Technologies, Inc.this co. | LHX | $59.5B | 36.93β premium | 3.02 | 8.2% | 18.48 |
| PACCAR Inc | PCAR | $66.7B | 28.11 | 3.47 | 12.3% | 20.09 |
| Republic Services, Inc. | RSG | $65.4B | 30.30 | 5.42 | 17.9% | 15.41 |
| United Rentals, Inc. | URI | $62.8B | 24.48 | 6.81 | 27.8% | 10.65 |
| Comfort Systems USA, Inc. | FIX | $60.9B |
| - |
| - |
| - |
| - |
| - |
| - |
| 59.42 |
| 24.81 |
| 41.8% |
| 41.78 |
| W.W. Grainger, Inc. | GWW | $55.2B | 31.85 | 14.54 | 45.7% | 20.47 |
| AMETEK, Inc. | AME | $53.7B | 36.05 | 5.02 | 13.9% | 24.00 |
| Carrier Global Corporation | CARR | $52.0B | 34.32 | 3.69 | 10.8% | 17.46 |
| Fastenal Company | FAST | $51.1B | 40.77 | 13.01 | 31.9% | 27.97 |
| Peer Median | - | 33.09 | 6.11 | 22.8% | 20.28 | |