Full text
Earnings transcript
Read the complete earnings call transcript.
LHX
L3Harris Technologies, Inc.
$356
2.09
(0.59%)
| Exchange: | NYSE |
| Market Cap: | 66.591B |
| Shares Outstanding: | 161.081M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Aerospace & Defense | |||||
| CEO: | Christopher E. Kubasik | |||||
| Full Time Employees: | 47000 | |||||
| Address: |
| |||||
| Website: | https://www.l3harris.com |
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.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 19,419,000 | 21,325,000 | 21,865,000 |
| Gross Profit | 4,426,000 | 4,745,000 | 5,625,000 |
| EBITDA | 2,932,000 | 3,561,000 | 3,753,000 |
| Operating Income | 2,025,000 | 2,058,000 | 2,195,000 |
| Net Income | 1,227,000 | 1,502,000 | 1,606,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 41,687,000 | 42,001,000 | 41,195,000 |
| Total Liabilities | 22,858,000 | 22,422,000 | 21,560,000 |
| Total Stockholders Equity | 18,765,000 | 19,514,000 | 19,635,000 |
| Total Debt | 13,950,000 | 12,980,000 | 10,443,000 |
| Cash and Cash Equivalents | 560,000 | 615,000 | 1,069,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,096,000 | 2,559,000 | 3,106,000 |
| Capital Expenditure | -449,000 | -408,000 | -424,000 |
| Free Cash Flow | 1,647,000 | 2,151,000 | 2,682,000 |
| Net Income | 1,227,000 | 1,512,000 | 1,606,000 |
| Net Change in Cash | -320,000 | 55,000 | 454,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 31,620,496.083 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 32,593,140.304 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 32,049,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 5,271,569.181 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 5,433,722.276 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 5,343,006.644 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 3,752,490.931 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 3,903,158.180 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 3,818,868.020 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 4,951,439.310 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 5,103,745.233 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 5,018,538.547 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 20.270 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 20.720 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 19.920 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 7 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: LHX has demonstrated consistent revenue growth as reported in recent income statements, supported by strong demand in its core product categories within the aerospace and defense sectors. This aligns with positive industry trends in defense spending, as reflected in the sector performance metrics.
- Strong Operating Cash Flow: Cash flow statements indicate solid net cash provided by operating activities, alongside healthy free cash flow figures. This financial stability supports ongoing capital expenditures and innovation initiatives, positioning LHX favorably against industry peers.
- High ROIC and Profit Margins: Key metrics such as return on invested capital (ROIC) and gross profit margin (TTM) are competitive, reflecting efficient capital utilization and profitability within the sector, as compared to industry averages.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates LHX intrinsic value between $166.14 – $272.35 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about LHX valuation
Is L3Harris Technologies, Inc. (LHX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for L3Harris Technologies, Inc. (LHX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LHX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LHX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LHX’s P/E ratio?
You can see LHX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LHX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LHX a good long-term investment?
Whether LHX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LHX
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
0.59
Trading Metrics:
| Open: | 353.05 | Previous Close: | 353.91 | |
| Day Low: | 351 | Day High: | 360.8 | |
| Year Low: | 195.72 | Year High: | 379.23 | |
| Price Avg 50: | 354.49 | Price Avg 200: | 301.31 | |
| Volume: | 853096 | Average Volume: | 1.431M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeLHX full analysis
Welcome to MARKETSNAP’s SWOT analysis for L3Harris Technologies, a major player in the defense and aerospace sector. If you’re not super familiar with L3Harris, let me give you the quick rundown: this company is a powerhouse in providing advanced technology solutions, from communication systems to electronic warfare, primarily serving government and commercial clients. They operate in a highly specialized industry, sitting comfortably within the broader industrials sector, and they’ve got a global footprint with a strong focus on innovation. Today,…
