Valuation, from the filing
| Public float | $46.02B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-27 |
|---|---|---|
| Float per share | $246.39 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-27, not today.
Valuation over time
28.3× earnings today, against a median of 28.3× across 9 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2024-06-28 | $42.47B | 28.3× | |
| 2023-06-30 | $37.36B | 30.5× | |
| 2022-07-01 | $46.39B | 43.7× | |
| 2021-07-02 | $44.06B | 23.9× | |
| 2020-07-03 | $36.99B | 33.1× | |
| 2018-12-28 | $15.39B | 16.2× | |
| 2017-12-29 | $16.75B | 24.0× | |
| 2016-12-30 | $12.71B | 23.0× | |
| 2015-12-31 | $10.80B | 33.3× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Search, Detection, Navigation, Guidance, Aeronautical Sys filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Current ratio | 1.08x | 0th | |
| Effective tax rate | 5.3% | 0th | |
| SBC / revenue | 0.5% | 12th | |
| Gross margin | 25.9% | 17th | |
| CapEx / revenue | 1.9% | 22th | |
| FCF margin | 10.1% | 67th | |
| Revenue YoY growth | 9.8% | 67th | |
| Net margin | 7.0% | 44th | |
| Operating margin | 9.0% | 44th |
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) reported revenue of $37.54B and net income of $1.76B for the fiscal year ended 2025-10-03. This page shows 1 annual period 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 | 2025-10-03 |
|---|---|
| Revenue | $37.54B |
| Cost of revenue | $27.84B |
| Gross profit | $9.70B |
| Operating income | $3.64B |
| Net income | $1.76B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $3.15B |
| Income tax expense | $275.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $3.25B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2025-10-03 |
|---|---|
| Cash & equivalents | $339.00M |
| Total assets | $41.01B |
| Current assets | $7.59B |
| Total liabilities | $21.48B |
| Current liabilities | $6.64B |
| Total equity incl. NCI | $19.53B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $1.29B |
| Accounts receivable | $1.53B |
| Goodwill | $20.37B |
| Long-term debt | $11.00B |
| Accounts payable | $1.90B |
Cash flow
| Metric | 2025-10-03 |
|---|---|
| Operating cash flow | $2.27B |
| Capital expenditures | $384.00M |
| Investing cash flow | $425.00M |
| Financing cash flow | -$2.89B |
| Net change in cash | -$200.00M |
| Stock-based compensation | $104.00M |
| Common dividends paid | $899.00M |
| Common share repurchases | $1.04B |
| Depreciation & amortization | $1.24B |
Derived
| Metric | 2025-10-03 |
|---|---|
| Free cash flow | $1.89B |
| Gross margin | 25.8% |
| Operating margin | 9.7% |
| FCF margin | 5.0% |
| SBC / revenue | 0.3% |
| Current ratio | 1.14x |
| Revenue YoY growth | 77.6% |
| Net margin | 4.7% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 1.0% |
| Long-term debt / equity | 0.56x |
| Effective tax rate | 8.7% |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.