tickdelta
tickdelta
Sign in

Tickdelta is free for now. Sign up and get Pro free

← Screener

LHXL3Harris

Industrials · Defense Electronics · NYSE
LHX quote by TradingView
Compare with peers → Embed
FY2025 at a glance

Free cash flow up to $2.7B

XBRL, from each 10-K
Net incomeStatements ↓
$1.6B
from $1.5B in FY2024
FY2017FY2025
Free cash flowStatements ↓
$2.7B
from $2.2B in FY2024
FY2017FY2025
EPS (diluted)Statements ↓
$8.53
from $7.87 in FY2024
FY2017FY2025
Total debtStatements ↓
$11.1B
from $12.2B in FY2024
FY2017FY2025
Price and key numbers

The latest figures

All key numbers (38, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)10.74Sales (ttm)22.8BNet income (ttm)2.0BSales growth+9.8%EPS growth+8.4%Sales Q/Q+7.1%
Free cash flow3.6BGross margin25.7%Oper. margin10.9%Net margin9.0%FCF margin16.0%ROE10.1%
ROA4.7%R&D / sales-Dividend4.80Debt/Eq0.54Curr. ratio1.20Cash2.5B
Op. cash flow (ttm)4.2BEBITDA3.3BNet debt8.5BQuick ratio1.06Interest cover3.49ROIC5.6%
Payout ratio56.3%Tax rate16.9%Shares out.186.2MShares Y/Y-1.2%Book / share108.70Cash / share13.27
Sales / share122.41Asset turnover0.52Sales 3Y CAGR+6.2%Sales 5Y CAGR+10.6%EPS 3Y CAGR+15.8%EPS 5Y CAGR+10.4%
Employees45,000Sales / employee507K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

LHX against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
LHXPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+9.8%17th of 82 · median +4.8%
Net margin
9.0%56th of 82 · median 13.0%
Return on equity
10.1%72nd of 77 · median 24.9%
Free cash flow margin
16.0%30th of 79 · median 13.0%
Debt / equity (less is better)
0.5425th of 72 · median 0.72
LHX and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
LHX L3Harris$22.8B +9.8%25.7%9.0%10.1%16.0%0.54
JCI Johnson Controls$24.4B +2.8%36.6%14.5%26.1%10.9%0.70
TT Trane Technologies$23.2B +7.5%-13.6%34.6%16.4%0.46
CARR Carrier Global$22.8B -3.3%--7.9%-17.3%10.4%1.10
PH Parker Hannifin$22.4B +8.3%37.7%16.6%23.3%17.2%1.09
ADP Automatic Data Processing$22.3B +6.7%46.6%20.3%88.9%-0.98
Where each dollar goes

From $18.2B of sales to $1.1B of profit

FY2020, from the 10-K income statement
Revenue to Gross profit: $3.9BRevenue to Cost of revenue: $14.3BGross profit to Operating profit: $2.2BGross profit to Operating expenses: $1.7BOperating profit to Net profit: $1.1BOperating profit to Tax & other: $1.0B Revenue: $18.2B Revenue$18.2B +42% Y/Y Gross profit: $3.9B · 21% margin Gross profit$3.9B21% margin Cost of revenue: $14.3B · 79% of revenue Cost of revenue$14.3B79% of revenue Operating profit: $2.2B · 12% margin Operating profit$2.2B12% margin Operating expenses: $1.7B · 9% of revenue Operating expenses$1.7B9% of revenue Net profit: $1.1B · 6% margin Net profit$1.1B6% margin −16% Y/Y Tax & other: $1.0B · 6% of revenue Tax & other$1.0B6% of revenue

Swipe sideways for the whole flow →

From $17.8B of sales to $1.8B of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $5.4BRevenue to Cost of revenue: $12.4BGross profit to Operating profit: $2.1BGross profit to Operating expenses: $3.3BOperating profit to Net profit: $1.8BOperating profit to Tax & other: $263.0M Revenue: $17.8B Revenue$17.8B −2% Y/Y Gross profit: $5.4B · 30% margin Gross profit$5.4B30% margin Cost of revenue: $12.4B · 70% of revenue Cost of revenue$12.4B70% of revenue Operating profit: $2.1B · 12% margin Operating profit$2.1B12% margin −2% Y/Y Operating expenses: $3.3B · 18% of revenue Operating expenses$3.3B18% of revenue Net profit: $1.8B · 10% margin Net profit$1.8B10% margin +65% Y/Y Tax & other: $263.0M · 1% of revenue Tax & other$263.0M1% of revenue

Swipe sideways for the whole flow →

From $17.1B of sales to $1.1B of profit

FY2022, from the 10-K income statement and revenue by product
Product to Revenue: $12.1BServices to Revenue: $5.0BRevenue to Gross profit: $4.9BRevenue to Cost of revenue: $12.1BGross profit to Operating profit: $1.1BGross profit to Operating expenses: $3.8BOperating profit to Net profit: $1.1BOperating profit to Tax & other: $65.0M Product: $12.1B · 71% Product$12.1B71% Services: $5.0B · 29% Services$5.0B29% Revenue: $17.1B Revenue$17.1B −4% Y/Y Gross profit: $4.9B · 29% margin Gross profit$4.9B29% margin Cost of revenue: $12.1B · 71% of revenue Cost of revenue$12.1B71% of revenue Operating profit: $1.1B · 7% margin Operating profit$1.1B7% margin −47% Y/Y Operating expenses: $3.8B · 22% of revenue Operating expenses$3.8B22% of revenue Net profit: $1.1B · 6% margin Net profit$1.1B6% margin −42% Y/Y Tax & other: $65.0M · 0% of revenue Tax & other$65.0M0% of revenue

Swipe sideways for the whole flow →

From $19.4B of sales to $1.2B of profit

FY2023, from the 10-K income statement and revenue by product
Product to Revenue: $13.7BServices to Revenue: $5.7BRevenue to Gross profit: $5.1BRevenue to Cost of revenue: $14.3BGross profit to Operating profit: $1.4BGross profit to Operating expenses: $3.7BOperating profit to Net profit: $1.2BOperating profit to Tax & other: $199.0M Product: $13.7B · 71% Product$13.7B71% Services: $5.7B · 29% Services$5.7B29% Revenue: $19.4B Revenue$19.4B +14% Y/Y Gross profit: $5.1B · 26% margin Gross profit$5.1B26% margin Cost of revenue: $14.3B · 74% of revenue Cost of revenue$14.3B74% of revenue Operating profit: $1.4B · 7% margin Operating profit$1.4B7% margin +27% Y/Y Operating expenses: $3.7B · 19% of revenue Operating expenses$3.7B19% of revenue Net profit: $1.2B · 6% margin Net profit$1.2B6% margin +16% Y/Y Tax & other: $199.0M · 1% of revenue Tax & other$199.0M1% of revenue

Swipe sideways for the whole flow →

From $21.3B of sales to $1.5B of profit

FY2024, from the 10-K income statement and revenue by product
Product to Revenue: $15.1BServices to Revenue: $6.2BRevenue 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 Product: $15.1B · 71% Product$15.1B71% Services: $6.2B · 29% Services$6.2B29% Revenue: $21.3B Revenue$21.3B +10% Y/Y Gross profit: $5.5B · 26% margin Gross profit$5.5B26% margin Cost of revenue: $15.8B · 74% of revenue Cost of revenue$15.8B74% of revenue Operating profit: $1.9B · 9% margin Operating profit$1.9B9% margin +35% Y/Y Operating expenses: $3.6B · 17% of revenue Operating expenses$3.6B17% of revenue Net profit: $1.5B · 7% margin Net profit$1.5B7% margin +22% Y/Y Tax & other: $416.0M · 2% of revenue Tax & other$416.0M2% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2020
FY2021
FY2022
FY2023
FY2024
  • Cost of revenue
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

1 of 3
  • !
    Net margin below the peer median9.0% vs 13.0%
  • !
    Return on equity below 15%10.1%
  • ✓
    A profit in every one of 9 years
Net margin, FY2017 to FY2024: 9.2% → 7.0%

Balance sheet

3 of 4
  • !
    Interest covered less than 5 timesOperating income is 2.9× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.54 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.20
  • ✓
    Net debt under 3 years of free cash flow$8.5B net debt, 2.3 years
Debt / equity at each year end, FY2017 to FY2024: 1.39 → 0.63
What the debt is made of ↓

Cash and shareholders

3 of 4
  • ✓
    Free cash flow positive in every one of 8 years$2.2B last year
  • !
    Share count up over 5 years+12.8%
  • ✓
    Dividend per share up over 4 years$3.40 → $4.64
  • ✓
    Cash from operations above net income$2.6B vs $1.5B
Free cash flow, FY2017 to FY2024: 450.0M → 2.2B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$10.9B of principal due, schedule of Jan 2, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2017 to FY2024

Revenue 21.3B Net income 1.5B
FY2017 revenue 5.9B · Revenues, 0000202058-18-000063 FY2017 net income 543.0M · NetIncomeLoss, 0000202058-20-000011 5.9B FY2017 FY2018 revenue 6.2B · Revenues, 0000202058-18-000063 FY2018 net income 699.0M · NetIncomeLoss, 0000202058-21-000008 6.2B FY2018 FY2019 revenue 6.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000202058-22-000015 FY2019 net income 949.0M · NetIncomeLoss, 0000202058-22-000015 6.8B FY2019 FY2020 revenue 12.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000202058-22-000015 FY2020 net income 1.3B · NetIncomeLoss, 0000202058-22-000015 12.9B FY2020 FY2020 revenue 18.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000202058-23-000014 FY2020 net income 1.1B · NetIncomeLoss, 0000202058-23-000014 18.2B FY2020 FY2021 revenue 17.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000202058-24-000029 FY2021 net income 1.8B · NetIncomeLoss, 0000202058-24-000029 17.8B FY2021 FY2022 revenue 17.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000202058-25-000023 FY2022 net income 1.1B · NetIncomeLoss, 0000202058-25-000023 17.1B FY2022 FY2023 revenue 19.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000202058-26-000015 FY2023 net income 1.2B · NetIncomeLoss, 0000202058-26-000015 19.4B FY2023 FY2024 revenue 21.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000202058-26-000015 FY2024 net income 1.5B · NetIncomeLoss, 0000202058-26-000015 21.3B FY2024

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

LHX's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue21.3B
FY2017: 5.9BFY2018: 6.2BFY2019: 6.8BFY2020: 12.9BFY2020: 18.2BFY2021: 17.8BFY2022: 17.1BFY2023: 19.4BFY2024: 21.3BFY2025: - FY2018FY2020FY2021FY2023FY2025
Net income1.6B
FY2017: 543.0MFY2018: 699.0MFY2019: 949.0MFY2020: 1.3BFY2020: 1.1BFY2021: 1.8BFY2022: 1.1BFY2023: 1.2BFY2024: 1.5BFY2025: 1.6B FY2018FY2020FY2021FY2023FY2025
Free cash flow2.7B
FY2017: 450.0MFY2018: 615.0MFY2019: 1.0BFY2020: -FY2020: 2.4BFY2021: 2.3BFY2022: 1.9BFY2023: 1.6BFY2024: 2.2BFY2025: 2.7B FY2018FY2020FY2021FY2023FY2025
EPS (diluted)8.53
FY2017: 4.36FY2018: 5.76FY2019: 7.86FY2020: 7.89FY2020: 5.19FY2021: 9.09FY2022: 5.49FY2023: 6.44FY2024: 7.87FY2025: 8.53 FY2018FY2020FY2021FY2023FY2025
Dividend per share4.80
FY2017: -FY2018: -FY2019: -FY2020: -FY2020: 3.40FY2021: 4.08FY2022: 4.48FY2023: 4.56FY2024: 4.64FY2025: 4.80 FY2018FY2020FY2021FY2023FY2025
Diluted shares188.4M
FY2017: 124.3MFY2018: 121.1MFY2019: 120.5MFY2020: 169.0MFY2020: 215.9MFY2021: 203.2MFY2022: 193.5MFY2023: 190.6MFY2024: 190.7MFY2025: 188.4M FY2018FY2020FY2021FY2023FY2025

Revenue by business segment

year to Jan 2, 2026
RevenueSharevs year before
Space And Airborne Systems 6.9B31.4% +1.1%
Integrated Mission Systems 6.6B30.0% +0.2%
Communication Systems 5.7B25.7% +3.9%
Aerojet Rocketdyne 2.8B12.9% +10.3%

10-K 0000202058-26-000015, segment and revenue notes (XBRL).

Revenue by product or service

year to Jan 2, 2026
RevenueSharevs year before
Product 15.5B70.8% +2.3%
Services 6.4B29.2% +3.0%

10-K 0000202058-26-000015, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Revenue5.9B6.2B6.8B12.9B18.2B17.8B17.1B19.4B21.3B-
Cost of revenue3.9B4.1B4.5B9.1B14.3B12.4B12.1B14.3B15.8B-
SG&A-1.2B1.2B2.5B3.3B3.3B3.0B3.3B3.6B3.4B
Operating income1.1B1.1B1.4B-2.2B2.1B1.1B1.4B1.9B2.1B
Interest expense172.0M170.0M169.0M217.0M270.0M284.0M296.0M489.0M654.0M604.0M
Pretax income889.0M908.0M1.1B1.5B1.3B2.3B1.3B1.2B1.6B1.9B
Income tax261.0M206.0M160.0M146.0M234.0M440.0M212.0M23.0M85.0M326.0M
Net income543.0M699.0M949.0M1.3B1.1B1.8B1.1B1.2B1.5B1.6B
EPS (diluted)4.365.767.867.895.199.095.496.447.878.53
Diluted shares124.3M121.1M120.5M169.0M215.9M203.2M193.5M190.6M190.7M188.4M
Depreciation & amortization311.0M259.0M258.0M-1.0B967.0M938.0M1.2B1.3B1.2B
EBITDA1.4B1.4B1.7B-3.2B3.1B2.1B2.6B3.2B3.3B
Operating margin18.2%18.1%21.3%-11.9%11.8%6.6%7.3%9.0%-
Net margin9.2%11.3%14.0%10.4%6.2%10.4%6.2%6.3%7.0%-
Revenue growth-+4.8%+10.0%-+41.5%-2.1%-4.2%+13.8%+9.8%-
EPS growth-+32.1%+36.5%--34.2%+75.1%-39.6%+17.3%+22.2%+8.4%

Balance sheet

From EDGAR
FY2017FY2018FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Cash484.0M288.0M530.0M824.0M1.3B941.0M880.0M560.0M615.0M1.1B
Short-term investments---------0
Receivables365.0M466.0M457.0M1.2B1.3B1.0B1.3B1.2B1.1B1.4B
Inventory392.0M411.0M360.0M1.2B973.0M982.0M1.3B1.5B1.3B1.2B
Current assets2.1B2.2B2.6B6.3B6.7B6.4B6.8B8.1B8.2B8.6B
Property & equipment904.0M900.0M894.0M2.1B2.1B-----
Goodwill5.4B5.4B5.3B20.0B18.9B18.2B17.3B20.0B20.3B20.0B
Total assets10.1B9.9B10.1B38.3B37.0B34.7B33.5B41.7B42.0B41.2B
Accounts payable540.0M622.0M525.0M1.3B1.4B1.8B1.9B2.1B2.0B2.5B
Current liabilities2.0B1.9B2.3B4.0B4.2B4.6B5.8B8.0B7.6B7.2B
Total debt4.0B3.8B3.5B7.0B7.0B7.1B7.0B13.1B12.2B11.1B
Total liabilities------14.9B22.9B22.4B21.6B
Shareholders' equity2.9B3.3B3.4B22.6B20.7B19.2B18.5B18.8B19.5B19.6B
Retained earnings1.3B1.6B2.2B2.2B2.3B2.9B2.9B3.2B3.7B4.2B

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow569.0M751.0M1.2B-2.8B2.7B2.2B2.1B2.6B3.1B
Capital spending119.0M136.0M161.0M-368.0M342.0M252.0M449.0M408.0M424.0M
Free cash flow450.0M615.0M1.0B-2.4B2.3B1.9B1.6B2.2B2.7B
Stock-based pay (added back)42.0M51.0M58.0M-94.0M129.0M109.0M89.0M97.0M113.0M
Dividends paid262.0M272.0M325.0M-725.0M817.0M864.0M868.0M886.0M903.0M
Buybacks710.0M272.0M200.0M-2.3B3.7B1.1B518.0M554.0M1.2B
Acquisitions0----006.7B00
Debt raised----901.0M6.0M07.6B2.8B0
Debt repaid----931.0M13.0M14.0M---
Investing cash flow870.0M-141.0M-159.0M-751.0M1.4B-250.0M-7.0B-263.0M407.0M
Financing cash flow-1.4B-805.0M-781.0M--3.1B-4.4B-2.0B4.6B-2.2B-3.1B
Dividend per share----3.404.084.484.564.644.80

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)42.0M51.0M58.0M-94.0M129.0M109.0M89.0M97.0M113.0M
Stock-based pay / revenue0.7%0.8%0.9%-0.5%0.7%0.6%0.5%0.5%-
Operating lease cost----176.0M172.0M151.0M163.0M164.0M172.0M
Operating lease cash paid----171.0M154.0M148.0M159.0M182.0M178.0M
Finance lease principal paid----03.0M4.0M6.0M--
Right-of-use assets---837.0M766.0M769.0M756.0M763.0M684.0M717.0M
Operating lease liabilities---910.0M850.0M877.0M862.0M886.0M800.0M785.0M
Finance lease liabilities---49.0M37.0M161.0M170.0M251.0M238.0M231.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Next Peers in numbers →