gross profit bridgeinconsistent2021-01-01
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$21.32B
Fiscal year ended 2025-01-03Operating income
$1.92B
Fiscal year ended 2025-01-03Free cash flow
$2.15B
Fiscal year ended 2025-01-03L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) reported revenue of $21.32B and net income of $1.50B for the fiscal year ended 2025-01-03. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from L3HARRIS TECHNOLOGIES, INC. /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Search, Detection, Navigation, Guidance, Aeronautical Sys.
Income
| Metric | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 | 2021-01-01 | 2020-01-03 | 2019-06-28 | 2018-06-29 | 2017-06-30 | 2016-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.32B | $19.42B | $17.06B | $17.81B | $18.19B | $12.86B | $6.80B | $6.17B | $5.90B | $5.99B |
| Cost of revenue | $15.80B | $14.31B | $12.14B | $12.44B | $14.31B | $9.09B | $4.47B | $4.07B | $3.85B | $3.83B |
| Gross profit | $5.52B | $5.11B | $4.93B | $5.38B | Unavailable | $3.77B | $2.33B | $2.10B | $2.04B | $2.16B |
| Operating income | $1.92B | $1.43B | $1.13B | $2.11B | $2.16B | Unavailable | $1.45B | $1.12B | $1.07B | $1.06B |
| Net income | $1.50B | $1.23B | $1.06B | $1.85B | $1.12B | $1.33B | $949.00M | $699.00M | $553.00M | $324.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 190.70M | shares 190.60M | shares 193.50M | shares 203.20M | shares 215.90M | shares 169.00M | shares 120.50M | shares 121.10M | shares 124.30M | shares 125.00M |
| Pretax income | $1.60B | $1.22B | $1.27B | $2.28B | $1.32B | $1.49B | $1.11B | $908.00M | $889.00M | $884.00M |
| Income tax expense | $85.00M | $23.00M | $212.00M | $440.00M | $234.00M | $146.00M | $160.00M | $206.00M | $261.00M | $273.00M |
| Diluted EPS | $7.87 | $6.44 | $5.49 | $9.09 | $5.19 | $7.89 | $7.86 | $5.76 | $4.36 | $2.59 |
| Selling, general & administrative | $3.57B | $3.31B | $3.00B | $3.28B | $3.32B | $2.54B | $1.24B | $1.18B | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 | 2021-01-01 | 2020-01-03 | 2019-06-28 | 2018-06-29 | 2017-06-30 | 2016-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $615.00M | $560.00M | $880.00M | $941.00M | $1.28B | $824.00M | $530.00M | $288.00M | $484.00M | $487.00M |
| Total assets | $42.00B | $41.69B | $33.52B | $34.71B | $36.96B | $38.34B | $10.12B | $9.85B | $10.11B | $12.01B |
| Current assets | $8.22B | $8.06B | $6.75B | $6.36B | $6.67B | $6.31B | $2.58B | $2.22B | $2.07B | $2.62B |
| Total liabilities | $22.42B | $22.86B | $14.90B | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $7.63B | $8.00B | $5.78B | $4.55B | $4.24B | $4.01B | $2.27B | $1.85B | $1.97B | $1.98B |
| Total equity incl. NCI | $19.58B | $18.83B | $18.62B | $19.32B | $20.84B | $22.74B | $3.36B | $3.28B | $2.90B | $3.06B |
| Temporary (mezzanine) equity | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $1.33B | $1.47B | $1.29B | $982.00M | $973.00M | $1.22B | $360.00M | $411.00M | $392.00M | $867.00M |
| Accounts receivable | $1.07B | $1.23B | $1.25B | $1.04B | $1.34B | $1.22B | $457.00M | $466.00M | $365.00M | $674.00M |
| Goodwill | $20.32B | $19.98B | $17.28B | $18.19B | $18.88B | $20.00B | $5.34B | $5.37B | $5.37B | $5.35B |
| Long-term debt | $11.08B | $11.16B | $6.22B | $7.05B | $6.94B | $6.69B | $2.76B | $3.41B | $3.40B | $4.12B |
| Accounts payable | $2.00B | $2.11B | $1.94B | $1.77B | $1.41B | $1.26B | $525.00M | $622.00M | $540.00M | $494.00M |
Cash flow
| Metric | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 | 2021-01-01 | 2020-01-03 | 2019-06-28 | 2018-06-29 | 2017-06-30 | 2016-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.56B | $2.10B | $2.16B | $2.69B | $2.79B | Unavailable | $1.18B | $751.00M | $569.00M | $924.00M |
| Capital expenditures | $408.00M | $449.00M | $252.00M | $342.00M | $368.00M | Unavailable | $161.00M | $136.00M | $119.00M | $152.00M |
| Investing cash flow | -$263.00M | -$7.02B | -$250.00M | $1.39B | $751.00M | Unavailable | -$159.00M | -$141.00M | $870.00M | -$1.00M |
| Financing cash flow | -$2.22B | $4.59B | -$1.95B | -$4.41B | -$3.11B | Unavailable | -$781.00M | -$805.00M | -$1.44B | -$893.00M |
| Net change in cash | $55.00M | -$320.00M | -$61.00M | -$335.00M | $452.00M | Unavailable | $242.00M | -$196.00M | -$3.00M | $6.00M |
| Stock-based compensation | $97.00M | $89.00M | $109.00M | $129.00M | $94.00M | Unavailable | $58.00M | $51.00M | $42.00M | $39.00M |
| Common dividends paid | $886.00M | $868.00M | $864.00M | $817.00M | $725.00M | Unavailable | $325.00M | $272.00M | $262.00M | $252.00M |
| Common share repurchases | $554.00M | $518.00M | $1.08B | $3.68B | $2.29B | Unavailable | $200.00M | $272.00M | $710.00M | $0 |
| Depreciation & amortization | $1.29B | $1.17B | $938.00M | $967.00M | $1.03B | Unavailable | $258.00M | $259.00M | $311.00M | $361.00M |
Derived
| Metric | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 | 2021-01-01 | 2020-01-03 | 2019-06-28 | 2018-06-29 | 2017-06-30 | 2016-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $2.15B | $1.65B | $1.91B | $2.34B | $2.42B | Unavailable | $1.02B | $615.00M | $450.00M | $772.00M |
| Gross margin | 25.9% | 26.3% | 28.9% | 30.2% | Unavailable | 29.3% | 34.3% | 34.1% | 34.6% | 36.0% |
| Operating margin | 9.0% | 7.3% | 6.6% | 11.8% | 11.9% | Unavailable | 21.3% | Unavailable | Unavailable | 17.6% |
| FCF margin | 10.1% | 8.5% | 11.2% | 13.2% | 13.3% | Unavailable | 15.1% | 10.0% | 7.6% | 12.9% |
| SBC / revenue | 0.5% | 0.5% | 0.6% | 0.7% | 0.5% | Unavailable | 0.9% | 0.8% | 0.7% | 0.7% |
| Current ratio | 1.08x | 1.01x | 1.17x | 1.40x | 1.57x | 1.57x | 1.14x | 1.20x | 1.05x | 1.32x |
| Revenue YoY growth | 9.8% | 13.8% | -4.2% | -2.1% | 41.5% | Unavailable | 10.3% | 4.6% | -1.6% | Unavailable |
| Net margin | 7.0% | 6.3% | 6.2% | 10.4% | 6.2% | 10.4% | 14.0% | 11.3% | Unavailable | 5.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 1.9% | 2.3% | 1.5% | 1.9% | 2.0% | Unavailable | 2.4% | 2.2% | 2.0% | 2.5% |
| Long-term debt / equity | 0.57x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 5.3% | 1.9% | 16.7% | 19.3% | 17.7% | 9.8% | 14.4% | 22.7% | 29.4% | 30.9% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LHX in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-12View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-07-24View SEC filing
10-Q · Filed 2025-04-24View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.