L3HARRIS TECHNOLOGIES INC (LHX) Stock Fundamental Analysis

NYSE:LHX • US5024311095

364.54 USD
+9.38 (+2.64%)
At close: Feb 27, 2026
365.942 USD
+1.4 (+0.38%)
After Hours: 2/27/2026, 8:15:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to LHX. LHX was compared to 74 industry peers in the Aerospace & Defense industry. LHX has an excellent profitability rating, but there are some minor concerns on its financial health. LHX has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year LHX was profitable.
  • LHX had a positive operating cash flow in the past year.
  • In the past 5 years LHX has always been profitable.
  • Each year in the past 5 years LHX had a positive operating cash flow.
LHX Yearly Net Income VS EBIT VS OCF VS FCFLHX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

1.2 Ratios

  • The Return On Assets of LHX (3.90%) is better than 62.16% of its industry peers.
  • LHX has a Return On Equity of 8.18%. This is in the better half of the industry: LHX outperforms 60.81% of its industry peers.
  • LHX has a Return On Invested Capital of 7.91%. This is in the better half of the industry: LHX outperforms 68.92% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for LHX is below the industry average of 8.98%.
  • The 3 year average ROIC (6.43%) for LHX is below the current ROIC(7.91%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.9%
ROE 8.18%
ROIC 7.91%
ROA(3y)3.47%
ROA(5y)3.78%
ROE(3y)7.47%
ROE(5y)7.55%
ROIC(3y)6.43%
ROIC(5y)6.5%
LHX Yearly ROA, ROE, ROICLHX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • The Profit Margin of LHX (7.35%) is better than 68.92% of its industry peers.
  • LHX's Profit Margin has improved in the last couple of years.
  • The Operating Margin of LHX (13.83%) is better than 78.38% of its industry peers.
  • In the last couple of years the Operating Margin of LHX has grown nicely.
  • LHX has a Gross Margin (25.73%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of LHX has declined.
Industry RankSector Rank
OM 13.83%
PM (TTM) 7.35%
GM 25.73%
OM growth 3Y4.28%
OM growth 5Y4.73%
PM growth 3Y5.67%
PM growth 5Y3.61%
GM growth 3Y-3.78%
GM growth 5Y-2.48%
LHX Yearly Profit, Operating, Gross MarginsLHX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LHX is destroying value.
  • LHX has less shares outstanding than it did 1 year ago.
  • LHX has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for LHX has been reduced compared to a year ago.
LHX Yearly Shares OutstandingLHX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
LHX Yearly Total Debt VS Total AssetsLHX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • LHX has an Altman-Z score of 2.80. This is not the best score and indicates that LHX is in the grey zone with still only limited risk for bankruptcy at the moment.
  • LHX's Altman-Z score of 2.80 is in line compared to the rest of the industry. LHX outperforms 40.54% of its industry peers.
  • The Debt to FCF ratio of LHX is 4.14, which is a neutral value as it means it would take LHX, 4.14 years of fcf income to pay off all of its debts.
  • LHX has a better Debt to FCF ratio (4.14) than 78.38% of its industry peers.
  • A Debt/Equity ratio of 0.53 indicates that LHX is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.53, LHX perfoms like the industry average, outperforming 45.95% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 4.14
Altman-Z 2.8
ROIC/WACC0.82
WACC9.63%
LHX Yearly LT Debt VS Equity VS FCFLHX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 1.19 indicates that LHX should not have too much problems paying its short term obligations.
  • LHX's Current ratio of 1.19 is on the low side compared to the rest of the industry. LHX is outperformed by 78.38% of its industry peers.
  • A Quick Ratio of 1.02 indicates that LHX should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.02, LHX is doing worse than 70.27% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.19
Quick Ratio 1.02
LHX Yearly Current Assets VS Current LiabilitesLHX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for LHX have decreased strongly by -18.00% in the last year.
  • LHX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.53% yearly.
  • Looking at the last year, LHX shows a small growth in Revenue. The Revenue has grown by 2.53% in the last year.
  • LHX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.74% yearly.
EPS 1Y (TTM)-18%
EPS 3Y-5.85%
EPS 5Y-1.53%
EPS Q2Q%-17.58%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y8.62%
Revenue growth 5Y3.74%
Sales Q2Q%2.26%

3.2 Future

  • LHX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.77% yearly.
  • The Revenue is expected to grow by 6.06% on average over the next years.
EPS Next Y11.64%
EPS Next 2Y14.25%
EPS Next 3Y14.27%
EPS Next 5Y9.77%
Revenue Next Year6.7%
Revenue Next 2Y7%
Revenue Next 3Y6.76%
Revenue Next 5Y6.06%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
LHX Yearly Revenue VS EstimatesLHX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B 25B
LHX Yearly EPS VS EstimatesLHX Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 33.91, LHX can be considered very expensive at the moment.
  • 79.73% of the companies in the same industry are more expensive than LHX, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.10, LHX is valued a bit more expensive.
  • A Price/Forward Earnings ratio of 30.38 indicates a quite expensive valuation of LHX.
  • 75.68% of the companies in the same industry are more expensive than LHX, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of LHX to the average of the S&P500 Index (28.06), we can say LHX is valued inline with the index average.
Industry RankSector Rank
PE 33.91
Fwd PE 30.38
LHX Price Earnings VS Forward Price EarningsLHX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LHX indicates a rather cheap valuation: LHX is cheaper than 86.49% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, LHX is valued cheaper than 90.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.42
EV/EBITDA 18
LHX Per share dataLHX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • LHX has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as LHX's earnings are expected to grow with 14.27% in the coming years.
PEG (NY)2.91
PEG (5Y)N/A
EPS Next 2Y14.25%
EPS Next 3Y14.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • LHX has a Yearly Dividend Yield of 1.39%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.34, LHX pays a better dividend. On top of this LHX pays more dividend than 94.59% of the companies listed in the same industry.
  • Compared to the average S&P500 Dividend Yield of 1.80, LHX is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.39%

5.2 History

  • The dividend of LHX is nicely growing with an annual growth rate of 15.97%!
  • LHX has paid a dividend for at least 10 years, which is a reliable track record.
  • LHX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)15.97%
Div Incr Years21
Div Non Decr Years24
LHX Yearly Dividends per shareLHX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • LHX pays out 56.23% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • LHX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP56.23%
EPS Next 2Y14.25%
EPS Next 3Y14.27%
LHX Yearly Income VS Free CF VS DividendLHX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
LHX Dividend Payout.LHX Dividend Payout, showing the Payout Ratio.LHX Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

L3HARRIS TECHNOLOGIES INC

NYSE:LHX (2/27/2026, 8:15:35 PM)

After market: 365.942 +1.4 (+0.38%)

364.54

+9.38 (+2.64%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners89.22%
Inst Owner Change-0.51%
Ins Owners0.32%
Ins Owner Change0.43%
Market Cap68.19B
Revenue(TTM)21.86B
Net Income(TTM)1.61B
Analysts80.8
Price Target383.96 (5.33%)
Short Float %1.43%
Short Ratio1.91
Dividend
Industry RankSector Rank
Dividend Yield 1.39%
Yearly Dividend4.8
Dividend Growth(5Y)15.97%
DP56.23%
Div Incr Years21
Div Non Decr Years24
Ex-Date03-06
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.11%
Min EPS beat(2)2.44%
Max EPS beat(2)3.77%
EPS beat(4)4
Avg EPS beat(4)4.87%
Min EPS beat(4)2.44%
Max EPS beat(4)10.32%
EPS beat(8)8
Avg EPS beat(8)3.37%
EPS beat(12)10
Avg EPS beat(12)2.54%
EPS beat(16)12
Avg EPS beat(16)1.69%
Revenue beat(2)1
Avg Revenue beat(2)-0.84%
Min Revenue beat(2)-3.2%
Max Revenue beat(2)1.52%
Revenue beat(4)2
Avg Revenue beat(4)-0.83%
Min Revenue beat(4)-3.2%
Max Revenue beat(4)1.52%
Revenue beat(8)3
Avg Revenue beat(8)-0.58%
Revenue beat(12)6
Avg Revenue beat(12)0.66%
Revenue beat(16)7
Avg Revenue beat(16)0.18%
PT rev (1m)9.78%
PT rev (3m)11.87%
EPS NQ rev (1m)-6.92%
EPS NQ rev (3m)-5.74%
EPS NY rev (1m)-4.67%
EPS NY rev (3m)-4.07%
Revenue NQ rev (1m)-0.91%
Revenue NQ rev (3m)-0.61%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)1.04%
Valuation
Industry RankSector Rank
PE 33.91
Fwd PE 30.38
P/S 3.12
P/FCF 25.42
P/OCF 21.95
P/B 3.47
P/tB N/A
EV/EBITDA 18
EPS(TTM)10.75
EY2.95%
EPS(NY)12
Fwd EY3.29%
FCF(TTM)14.34
FCFY3.93%
OCF(TTM)16.61
OCFY4.56%
SpS116.89
BVpS104.97
TBVpS-36.8
PEG (NY)2.91
PEG (5Y)N/A
Graham Number159.34
Profitability
Industry RankSector Rank
ROA 3.9%
ROE 8.18%
ROCE 8.9%
ROIC 7.91%
ROICexc 8.17%
ROICexgc 42.13%
OM 13.83%
PM (TTM) 7.35%
GM 25.73%
FCFM 12.27%
ROA(3y)3.47%
ROA(5y)3.78%
ROE(3y)7.47%
ROE(5y)7.55%
ROIC(3y)6.43%
ROIC(5y)6.5%
ROICexc(3y)6.58%
ROICexc(5y)6.68%
ROICexgc(3y)35.28%
ROICexgc(5y)40.49%
ROCE(3y)7.36%
ROCE(5y)7.39%
ROICexgc growth 3Y-6.53%
ROICexgc growth 5Y2.04%
ROICexc growth 3Y5.88%
ROICexc growth 5Y7.67%
OM growth 3Y4.28%
OM growth 5Y4.73%
PM growth 3Y5.67%
PM growth 5Y3.61%
GM growth 3Y-3.78%
GM growth 5Y-2.48%
F-Score8
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 4.14
Debt/EBITDA 2.46
Cap/Depr 34.64%
Cap/Sales 1.94%
Interest Coverage 5.01
Cash Conversion 73.12%
Profit Quality 167%
Current Ratio 1.19
Quick Ratio 1.02
Altman-Z 2.8
F-Score8
WACC9.63%
ROIC/WACC0.82
Cap/Depr(3y)34.93%
Cap/Depr(5y)33.41%
Cap/Sales(3y)2.05%
Cap/Sales(5y)1.91%
Profit Quality(3y)148.15%
Profit Quality(5y)150.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-18%
EPS 3Y-5.85%
EPS 5Y-1.53%
EPS Q2Q%-17.58%
EPS Next Y11.64%
EPS Next 2Y14.25%
EPS Next 3Y14.27%
EPS Next 5Y9.77%
Revenue 1Y (TTM)2.53%
Revenue growth 3Y8.62%
Revenue growth 5Y3.74%
Sales Q2Q%2.26%
Revenue Next Year6.7%
Revenue Next 2Y7%
Revenue Next 3Y6.76%
Revenue Next 5Y6.06%
EBIT growth 1Y29.01%
EBIT growth 3Y13.27%
EBIT growth 5Y8.65%
EBIT Next Year25.66%
EBIT Next 3Y4.12%
EBIT Next 5Y9.3%
FCF growth 1Y24.69%
FCF growth 3Y12.06%
FCF growth 5Y2.06%
OCF growth 1Y21.38%
OCF growth 3Y12.91%
OCF growth 5Y2.17%

L3HARRIS TECHNOLOGIES INC / LHX FAQ

What is the ChartMill fundamental rating of L3HARRIS TECHNOLOGIES INC (LHX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to LHX.


Can you provide the valuation status for L3HARRIS TECHNOLOGIES INC?

ChartMill assigns a valuation rating of 5 / 10 to L3HARRIS TECHNOLOGIES INC (LHX). This can be considered as Fairly Valued.


How profitable is L3HARRIS TECHNOLOGIES INC (LHX) stock?

L3HARRIS TECHNOLOGIES INC (LHX) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for LHX stock?

The Price/Earnings (PE) ratio for L3HARRIS TECHNOLOGIES INC (LHX) is 33.91 and the Price/Book (PB) ratio is 3.47.


Is the dividend of L3HARRIS TECHNOLOGIES INC sustainable?

The dividend rating of L3HARRIS TECHNOLOGIES INC (LHX) is 6 / 10 and the dividend payout ratio is 56.23%.