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Screener / SEC EDGAR /CIK 0000202058 /10-K filed Feb 12, 2026, compared with Feb 14, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
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NYSE Industrials · Defense Electronics

L3Harris LHX

LHX quote by TradingView

L3Harris Technologies, Inc. is the Trusted Disruptor in the defense industry. 10-K, Item 1

Employees
45,000
Headquarters
Melbourne, FL
Next results
around Jan 28, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2024

Revenue of $21.3B through the costs to a net profit of $1.5B · income statement of the 10-K

9% operating margin
Revenue to Gross profit: $5.5BRevenue to Cost of revenue: $15.8BGross profit to Operating profit: $1.9BGross profit to Operating expenses: $3.6BOperating profit to Net profit: $1.5BOperating profit to Tax & other: $416.0M Revenue: $21.3B REVENUE $21.3B +10% Y/Y Gross profit: $5.5B · 26% margin GROSS PROFIT $5.5B 26% margin Cost of revenue: $15.8B · 74% of revenue COST OF REVENUE $15.8B 74% of revenue Operating profit: $1.9B · 9% margin OPERATING PROFIT $1.9B 9% margin · +35% Y/Y Operating expenses: $3.6B · 17% of revenue OPERATING EXPENSES $3.6B 17% of revenue Net profit: $1.5B · 7% margin NET PROFIT $1.5B 7% margin · +22% Y/Y Tax & other: $416.0M · 2% of revenue TAX & OTHER $416.0M 2% of revenue
Gross profit $5.5B 26% margin
Operating profit $1.9B 9% margin · +35% Y/Y
Net profit $1.5B 7% margin · +22% Y/Y
The full income statement, year by year

LHX among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 9.8%, above 80% of 81 peers (their median 4.6%) REVENUE GROWTH 9.8% · above 80% Gross margin: 25.7%, above 16% of 51 peers (their median 38.6%) GROSS MARGIN 25.7% · above 16% Operating margin: 10.9%, above 30% of 71 peers (their median 17.5%) OPERATING MARGIN 10.9% · above 30% Net margin: 9.0%, above 32% of 81 peers (their median 13.0%) NET MARGIN 9.0% · above 32% FCF margin: 16.0%, above 63% of 78 peers (their median 13.0%) FCF MARGIN 16.0% · above 63% Return on capital: 5.6%, above 5% of 65 peers (their median 14.2%) RETURN ON CAPITAL 5.6% · above 5%
LHX Peer median Below the median

What changed

56 new risk paragraphs. 10-K filed Feb 12, 2026 against Feb 14, 2025.

Risk factors
56 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
9 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
4 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

9 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 9 checks found nothing to note

  • Cash from operations $3.1B vs net income $1.6B (FY ending Jan 2, 2026)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
6 more checks with nothing to note
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: To test the cost estimation for development and production contracts, our audit; Company’s past performance of estimating total costs at completion by reviewing changes; Valuation of Goodwill; Auditing the Company’s quantitative goodwill impairment tests involved subjective auditor; Rocketdyne (AR) reporting unit, including changes in the weighted average cost of capital; To test the estimated fair value of the Company’s AR reporting unit, we performed audit; In addition, we reviewed the reconciliation of the fair value of the reporting units based on. Same as last year: Cost estimation for revenue recognition on development and production contracts
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

56 paragraphs in Risk Factors that were not in the 10-K filed Feb 14, 2025. Quoted as filed.

All 56 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    Services Administration Schedules and other multi-award contracts, which has resulted in greater competition and increased pricing pressure. The DoW’s current procurement reform initiative, including the increased use of other transaction authority (“OTA”) agreements, could reduce barriers to entry and result in even greater competition…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    The application or impact of negative audit findings, contract termination, unilateral government action, or regulation on our government contracts could have an adverse impact on our business, financial condition, results of operations, cash flows and equity. U.S. Government contracts are generally subject to U.S. Government oversight…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    We participate in markets that are often subject to uncertain economic conditions, which makes it difficult to estimate growth in our markets and, as a result, future income and expenditures. We participate in U.S. and international markets that are subject to uncertain economic conditions which could experience increasing price…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    We cannot predict the consequences of future geo-political events, but they may adversely affect the markets in which we operate, our ability to insure against risks, our operations or our profitability. Ongoing instability and current conflicts in global markets, including in Ukraine and Eastern Europe, the Middle East and Asia, and…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2021FY2022FY2023FY2024
Revenue$17.8B$17.1B$19.4B$21.3B
Net income$1.8B$1.1B$1.2B$1.5B
Operating cash flow$2.7B$2.2B$2.1B$2.6B
Free cash flow$2.3B$1.9B$1.6B$2.2B

Revenue, FY2017 to FY2024

Ten fiscal years, each from its own 10-K · XBRL · USD

$21.3B ▲ 9.8% in FY2024

FY2017FY2018FY2019FY2019FY2020FY2021FY2022FY2023FY2024
Every number, year by year

Recent filings

4 filings in the last 30 days · SEC EDGAR

All filings

About the company

L3Harris, Melbourne, FL · from the 10-K filed Feb 12, 2026

L3Harris Technologies, Inc. is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs in mind, we deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. We support customers in more than 100 countries, with our largest customers being various departments and agencies of the U.S. Government, their prime contractors and international allies. Our capabilities have defense and civil government applications, as well as commercial applications.

Headquarters
Melbourne, FL
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
January 2
Last results
Oct 29, 2026
Incorporated in
DE

Employees, at the top of the page: "We had approximately 45,000 employees as of January 2, 2026, including approximately 18,000 engineers and scientists" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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