L3Harris Technologies (LHX) Ratios
L3Harris Technologies Ratios
MX:LHX's free cash flow for Q3 2026 was $1.26B. For the 2026 fiscal year, MX:LHX's free cash flow was decreased by $-179.00M and operating cash flow was $1.44B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.19 | 1.08 | 0.99 | 1.17 | 1.40 |
| Quick Ratio | 1.02 | 0.90 | 0.80 | 0.95 | 1.18 |
| Cash Ratio | 0.15 | 0.08 | 0.07 | 0.15 | 0.21 |
| Solvency Ratio | 0.13 | 0.12 | 0.10 | 0.13 | 0.18 |
| Operating Cash Flow Ratio | 0.43 | 0.34 | 0.26 | 0.37 | 0.59 |
| Short-Term Operating Cash Flow Coverage | 3.86 | 1.97 | 1.01 | 2.63 | 206.69 |
| Net Current Asset Value | $ -12.97B | $ -14.20B | $ -14.95B | $ -8.15B | $ -9.03B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.27 | 0.31 | 0.33 | 0.23 | 0.23 |
| Debt-to-Equity Ratio | 0.57 | 0.67 | 0.74 | 0.42 | 0.41 |
| Debt-to-Capital Ratio | 0.36 | 0.40 | 0.43 | 0.30 | 0.29 |
| Long-Term Debt-to-Capital Ratio | 0.35 | 0.36 | 0.37 | 0.25 | 0.27 |
| Financial Leverage Ratio | 2.10 | 2.15 | 2.22 | 1.81 | 1.81 |
| Debt Service Coverage Ratio | 2.44 | 1.76 | 1.11 | 2.08 | 11.07 |
| Interest Coverage Ratio | 3.60 | 2.99 | 3.73 | 4.04 | 8.39 |
| Debt to Market Cap | 0.20 | 0.31 | 0.33 | 0.18 | 0.16 |
| Interest Debt Per Share | 63.21 | 71.94 | 76.44 | 42.05 | 40.21 |
| Net Debt to EBITDA | 2.71 | 3.47 | 4.57 | 2.76 | 1.96 |
| Profitability Margins | |||||
| Gross Profit Margin | 25.73% | 25.90% | 22.79% | 28.88% | 30.18% |
| EBIT Margin | 11.57% | 10.65% | 9.08% | 9.10% | 14.30% |
| EBITDA Margin | 17.16% | 16.70% | 15.10% | 14.65% | 19.75% |
| Operating Profit Margin | 9.83% | 9.45% | 10.43% | 6.61% | 12.48% |
| Pretax Profit Margin | 8.84% | 7.49% | 6.29% | 7.46% | 12.82% |
| Net Profit Margin | 7.35% | 7.04% | 6.32% | 6.22% | 10.36% |
| Continuous Operations Profit Margin | 7.35% | 7.09% | 6.17% | 6.22% | 10.35% |
| Net Income Per EBT | 83.13% | 94.05% | 100.49% | 83.42% | 80.86% |
| EBT Per EBIT | 89.86% | 79.26% | 60.30% | 112.95% | 102.65% |
| Return on Assets (ROA) | 3.90% | 3.58% | 2.94% | 3.17% | 5.32% |
| Return on Equity (ROE) | 8.18% | 7.70% | 6.54% | 5.73% | 9.61% |
| Return on Capital Employed (ROCE) | 6.33% | 5.86% | 6.01% | 4.06% | 7.37% |
| Return on Invested Capital (ROIC) | 5.14% | 5.35% | 5.55% | 3.29% | 5.95% |
| Return on Tangible Assets | 10.94% | 10.70% | 9.32% | 10.37% | 18.68% |
| Earnings Yield | 2.81% | 3.77% | 3.07% | 2.66% | 4.30% |
| Efficiency Ratios | |||||
| Receivables Turnover | 4.38 | 4.56 | 4.39 | 3.99 | 4.28 |
| Payables Turnover | 6.60 | 7.88 | 7.12 | 6.24 | 7.04 |
| Inventory Turnover | 13.32 | 11.88 | 10.19 | 9.40 | 12.67 |
| Fixed Asset Turnover | 8.20 | 7.60 | 5.39 | 5.97 | 6.21 |
| Asset Turnover | 0.53 | 0.51 | 0.47 | 0.51 | 0.51 |
| Working Capital Turnover Ratio | 22.40 | 86.51 | 43.84 | 12.25 | 8.41 |
| Cash Conversion Cycle | 55.39 | 64.53 | 67.76 | 71.85 | 62.28 |
| Days of Sales Outstanding | 83.30 | 80.12 | 83.19 | 91.52 | 85.32 |
| Days of Inventory Outstanding | 27.40 | 30.72 | 35.84 | 38.83 | 28.82 |
| Days of Payables Outstanding | 55.31 | 46.32 | 51.27 | 58.50 | 51.85 |
| Operating Cycle | 110.70 | 110.84 | 119.03 | 130.35 | 114.14 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 16.57 | 13.48 | 11.05 | 11.25 | 13.35 |
| Free Cash Flow Per Share | 14.31 | 11.33 | 8.69 | 9.94 | 11.65 |
| Dividend Paid and CapEx Coverage Ratio | 2.34 | 1.98 | 1.59 | 1.93 | 2.32 |
| Capital Expenditure Coverage Ratio | 7.33 | 6.27 | 4.67 | 8.56 | 7.86 |
| Operating Cash Flow Coverage Ratio | 0.28 | 0.20 | 0.15 | 0.28 | 0.34 |
| Operating Cash Flow to Sales Ratio | 0.14 | 0.12 | 0.11 | 0.13 | 0.15 |
| Free Cash Flow Yield | 4.70% | 5.40% | 4.12% | 4.77% | 5.46% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 35.53 | 26.52 | 32.55 | 37.60 | 23.25 |
| Price-to-Sales (P/S) Ratio | 2.61 | 1.87 | 2.06 | 2.34 | 2.41 |
| Price-to-Book (P/B) Ratio | 2.91 | 2.04 | 2.13 | 2.16 | 2.23 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 21.28 | 18.51 | 24.25 | 20.95 | 18.30 |
| Price-to-Operating Cash Flow Ratio | 18.37 | 15.56 | 19.05 | 18.51 | 15.98 |
| Price-to-Earnings Growth (PEG) Ratio | 4.26 | 1.19 | 1.94 | -0.95 | 0.31 |
| Enterprise Value Multiple | 17.92 | 14.65 | 18.19 | 18.74 | 14.16 |
| Enterprise Value | 67.24B | 52.18B | 53.32B | 46.84B | 49.81B |
| EV to EBITDA | 17.92 | 14.65 | 18.19 | 18.74 | 14.16 |
| EV to Sales | 3.08 | 2.45 | 2.75 | 2.75 | 2.80 |
| EV to Free Cash Flow | 25.07 | 24.26 | 32.38 | 24.58 | 21.24 |
| EV to Operating Cash Flow | 21.65 | 20.39 | 25.44 | 21.71 | 18.54 |
| Tangible Book Value Per Share | -36.73 | -44.18 | -51.11 | -24.30 | -27.37 |
| Shareholders’ Equity Per Share | 104.78 | 102.81 | 98.97 | 96.57 | 95.44 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.17 | 0.05 | 0.02 | 0.17 | 0.19 |
| Revenue Per Share | 116.68 | 112.36 | 102.42 | 88.96 | 88.49 |
| Net Income Per Share | 8.57 | 7.91 | 6.47 | 5.54 | 9.17 |
| Tax Burden | 0.83 | 0.94 | 1.00 | 0.83 | 0.81 |
| Interest Burden | 0.76 | 0.70 | 0.69 | 0.82 | 0.90 |
| Research & Development to Revenue | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 |
| SG&A to Revenue | 0.10 | 0.10 | 0.08 | 0.18 | 0.18 |
| Stock-Based Compensation to Revenue | 0.02 | 0.00 | 0.02 | 0.02 | 0.02 |
| Income Quality | 1.93 | 1.69 | 1.71 | 2.03 | 1.46 |
Currency in USD