Last 48 quarters of trend data · Industrials · Aerospace & Defense
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
L3Harris Technologies, Inc.'s quarterly P/E stands at 32.7x, up 28.5% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 23.8% YoY to 18.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.56 | 32.72 | 47.87 | 30.22 | 25.31 | 25.46 | 22.13 | 27.98 | 29.24 | 36.00 | 63.44 | 21.66 | 26.60 |
| — | +28.5% | +116.4% | +8.0% | -13.5% | -29.3% | -65.1% | +29.2% | +9.9% | +29.1% | +164.5% | — | +6.3% | |
| P/S Ratio | 2.52 | 2.92 | 2.54 | 2.47 | 2.14 | 1.91 | 1.81 | 2.11 | 2.02 | 1.95 | 1.88 | 1.68 | 1.98 |
| — | +52.4% | +40.2% | +16.7% | +5.8% | -1.9% | -3.7% | +25.6% | +1.9% | -7.0% | -14.0% | -28.1% | -30.5% | |
| P/B Ratio | 2.83 | 3.41 | 2.92 | 2.86 | 2.41 | 2.05 | 2.04 | 2.35 | 2.26 | 2.17 | 2.13 | 1.77 | 2.01 |
| — | +65.8% | +42.9% | +21.8% | +6.3% | -5.4% | -4.2% | +32.8% | +12.7% | +6.5% | -0.7% | -18.0% | -18.3% | |
| P/FCF | 20.53 | — | 7.94 | 32.70 | 21.01 | — | 9.89 | 15.94 | 16.29 | — | 15.39 | 20.95 | 28.98 |
| — | — | -19.7% | +105.1% | +29.0% | — | -35.8% | -23.9% | -43.8% | — | +9.4% | +10.4% | +68.8% | |
| EV / EBITDA | 18.85 | 18.36 | 31.75 | 18.11 | 16.35 | 14.83 | 14.00 | 16.92 | 16.72 | 18.26 | 14.76 | 13.87 | 14.90 |
| — | +23.8% | +126.9% | +7.0% | -2.2% | -18.8% | -5.2% | +22.0% | +12.2% | +6.7% | +11.7% | -16.4% | -2.1% | |
| EV / EBIT | 29.36 | 26.30 | 31.75 | 23.42 | 21.45 | 20.94 | 20.19 | 23.97 | 24.69 | 28.91 | 54.18 | 20.96 | 24.00 |
| — | +25.6% | +57.2% | -2.3% | -13.1% | -27.6% | -62.7% | +14.3% | +2.9% | +17.5% | +180.5% | — | +4.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
L3Harris Technologies, Inc.'s operating margin was 11.4% in Q1 2026, up 4.4 pp QoQ and up 0.5 pp YoY. The trailing four-quarter average of 10.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 6.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.7% | 24.4% | 25.6% | 26.4% | 21.3% | 22.9% | 21.8% | 23.1% | 22.0% | 22.1% | 22.4% | 22.8% | 22.7% |
| — | +6.8% | +17.5% | +14.0% | -3.0% | +3.5% | -2.7% | +1.4% | -3.2% | -15.3% | -18.8% | -18.8% | -23.4% | |
| Operating Margin | 10.0% | 11.4% | 7.0% | 11.0% | 10.8% | 10.9% | 11.0% | 9.8% | 9.6% | 8.0% | 10.4% | 10.9% | 11.1% |
| — | +4.2% | -36.9% | +11.7% | +11.6% | +35.8% | +5.7% | -9.7% | -13.3% | -17.2% | -26.0% | -2.3% | -9.8% | |
| Net Margin | 7.3% | 8.9% | 5.3% | 8.2% | 8.4% | 7.5% | 8.2% | 7.6% | 6.9% | 5.4% | 3.0% | 7.8% | 7.4% |
| — | +18.5% | -35.2% | +8.0% | +22.2% | +38.5% | +177.2% | -3.0% | -7.1% | -27.9% | -67.4% | +210.3% | -34.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.2% | 2.6% | 1.5% | 2.4% | 2.4% | 2.0% | 2.3% | 2.1% | 1.9% | 1.5% | 0.8% | 2.1% | 1.9% |
| — | +30.6% | -34.7% | +13.0% | +22.6% | +32.3% | +178.6% | +2.5% | +2.9% | -17.2% | -62.5% | +229.0% | -22.7% | |
| ROA | 3.9% | 1.2% | 0.7% | 1.1% | 1.1% | 0.9% | 1.1% | 1.0% | 0.9% | 0.7% | 0.4% | 1.0% | 1.0% |
| — | +33.7% | -32.4% | +17.3% | +26.6% | +36.8% | +187.0% | -2.9% | -11.0% | -30.6% | -69.7% | +211.0% | -28.3% | |
| ROIC | 5.4% | 1.9% | 1.0% | 1.5% | 1.4% | 1.3% | 1.4% | 1.2% | 1.2% | 1.0% | 1.3% | 1.3% | 1.4% |
| — | +45.7% | -31.9% | +21.6% | +17.6% | +36.7% | +11.6% | -7.2% | -14.8% | -20.0% | -31.6% | -1.8% | -1.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
L3Harris Technologies, Inc.'s Debt/EBITDA ratio is 2.3x, down from 19.9x last quarter — at a moderate level that warrants monitoring. Debt/Equity has declined for 11 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.53 | 0.11 | 0.53 | 0.61 | 0.63 | 0.64 | 0.66 | 0.68 | 0.70 | 0.73 | 0.74 | 0.76 | 0.51 |
| — | -82.8% | -19.8% | -10.5% | -10.4% | -12.5% | -10.5% | -11.2% | +36.4% | +37.9% | +77.2% | +80.8% | +26.4% | |
| Debt / EBITDA | 3.05 | 2.32 | 19.89 | 12.73 | 13.64 | 14.25 | 13.88 | 15.30 | 15.97 | 18.57 | 15.38 | 16.89 | 12.24 |
| — | -83.7% | +43.3% | -16.8% | -14.5% | -23.3% | -9.7% | -9.4% | +30.4% | +29.9% | +75.4% | +53.8% | +40.6% | |
| Current Ratio | 1.19 | 1.03 | 1.19 | 1.14 | 1.04 | 1.02 | 1.08 | 1.04 | 0.90 | 0.98 | 0.99 | 0.88 | 1.09 |
| — | +1.4% | +10.5% | +9.9% | +16.0% | +4.1% | +8.9% | +17.7% | -17.5% | -13.9% | -15.5% | -19.5% | -14.3% | |
| Quick Ratio | 1.02 | 0.89 | 1.02 | 0.95 | 0.87 | 0.85 | 0.90 | 0.87 | 0.74 | 0.80 | 0.80 | 0.69 | 0.84 |
| — | +4.6% | +13.1% | +9.7% | +17.7% | +5.8% | +12.2% | +25.3% | -12.2% | -9.3% | -14.9% | -20.5% | -17.1% | |
| Interest Coverage | 4.24 | 4.79 | 3.67 | 4.73 | 4.45 | 4.06 | 4.02 | 3.59 | 3.27 | 2.65 | 1.44 | 3.52 | 4.35 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying LHX stock.
L3Harris Technologies, Inc.'s current P/E is 34.6x. The average P/E over the last 4 quarters is 34.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
L3Harris Technologies, Inc.'s current operating margin is 10.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking L3Harris Technologies, Inc.'s business trajectory between earnings reports.