Last 48 quarters of trend data · Industrials · Defense Contractors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.76 | 18.03 | 24.13 | 32.72 | 47.87 | 30.22 | 25.31 | 25.46 | 22.13 | 27.98 | 29.24 | 36.00 | 63.44 | 21.66 | 26.60 | 27.88 | 23.99 | — | 25.02 | 25.94 | 21.67 |
| — | -40.3% | -4.7% | +28.5% | +116.4% | +8.0% | -13.5% | -29.3% | -65.1% | +29.2% | +9.9% | +29.1% | +164.5% | — | +6.3% | +7.5% | +10.7% | — | -8.3% | +14.7% | -58.3% | |
| P/S Ratio | 2.08 | 1.82 | 2.42 | 2.92 | 2.54 | 2.47 | 2.14 | 1.91 | 1.81 | 2.11 | 2.02 | 1.95 | 1.88 | 1.68 | 1.98 | 2.10 | 2.18 | 2.34 | 2.85 | 3.01 | 2.41 |
| — | -26.1% | +13.1% | +52.4% | +40.2% | +16.7% | +5.8% | -1.9% | -3.7% | +25.6% | +1.9% | -7.0% | -14.0% | -28.1% | -30.5% | -30.3% | -9.4% | -10.5% | +18.1% | +29.5% | +12.6% | |
| P/B Ratio | 2.49 | 2.08 | 2.73 | 3.41 | 2.92 | 2.86 | 2.41 | 2.05 | 2.04 | 2.35 | 2.26 | 2.17 | 2.13 | 1.77 | 2.01 | 2.04 | 2.15 | 2.16 | 2.46 | 2.55 | 2.17 |
| — | -27.1% | +13.3% | +65.8% | +42.9% | +21.8% | +6.3% | -5.4% | -4.2% | +32.8% | +12.7% | +6.5% | -0.7% | -18.0% | -18.3% | -20.1% | -1.1% | -4.5% | +8.9% | +23.0% | +13.4% | |
| P/FCF | 13.30 | 8.77 | 18.44 | — | 7.94 | 32.70 | 21.01 | — | 9.89 | 15.94 | 16.29 | — | 15.39 | 20.95 | 28.98 | 33.62 | 14.06 | 18.97 | 17.17 | — | 15.27 |
| — | -73.2% | -12.2% | — | -19.7% | +105.1% | +29.0% | — | -35.8% | -23.9% | -43.8% | — | +9.4% | +10.4% | +68.8% | — | -7.9% | -30.6% | +0.3% | — | -19.8% | |
| EV / EBITDA | 16.25 | 12.52 | 17.61 | 21.04 | 24.56 | 17.91 | 16.35 | 14.92 | 12.42 | 17.44 | 17.46 | 19.30 | 12.73 | 14.85 | 17.67 | 18.17 | 15.93 | 17.18 | 19.03 | 19.46 | 16.37 |
| — | -30.1% | +7.7% | +41.1% | +97.8% | +2.7% | -6.3% | -22.7% | -2.5% | +17.4% | -1.2% | +6.2% | -20.1% | -13.6% | -7.1% | -6.6% | -2.7% | +1.6% | +13.6% | +27.0% | +17.6% | |
| EV / EBIT | 27.25 | 15.35 | 19.77 | 26.82 | 32.13 | 23.42 | 21.45 | 20.94 | 20.19 | 23.97 | 24.69 | 28.91 | 54.18 | 20.96 | 24.00 | 24.60 | 19.32 | — | 23.05 | 23.52 | 18.65 |
| — | -34.5% | -7.8% | +28.1% | +59.1% | -2.3% | -13.1% | -27.6% | -62.7% | +14.3% | +2.9% | +17.5% | +180.5% | — | +4.2% | +4.6% | +3.6% | — | +17.3% | +13.2% | -49.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.7% | 26.6% | 25.5% | 24.4% | 25.6% | 26.4% | 24.6% | 26.3% | 25.3% | 26.8% | 25.7% | 25.9% | 26.3% | 26.6% | 25.3% | 26.1% | 27.6% | 28.1% | 29.7% | 30.3% | 29.8% |
| — | +0.8% | +3.8% | -7.2% | +1.2% | -1.5% | -4.1% | +1.7% | -3.9% | +0.8% | +1.5% | -0.8% | -4.6% | -5.4% | -14.8% | -13.9% | -7.5% | -9.1% | -2.2% | +2.2% | -0.7% | |
| Operating Margin | 9.8% | 13.0% | 11.1% | 11.2% | 6.7% | 11.2% | 10.8% | 10.8% | 13.2% | 9.4% | 9.0% | 7.3% | 13.1% | 9.7% | 8.5% | 8.8% | 10.8% | 10.6% | 11.7% | 12.1% | 11.5% |
| — | +16.3% | +3.3% | +3.5% | -49.5% | +19.2% | +19.8% | +48.8% | +0.4% | -4.0% | +5.4% | -17.5% | +21.4% | -8.5% | -27.2% | -27.6% | -6.3% | -12.6% | +3.9% | +0.2% | -5.3% | |
| Net Margin | 7.3% | 10.4% | 10.2% | 8.9% | 5.3% | 8.2% | 8.4% | 7.5% | 8.2% | 7.6% | 6.9% | 5.4% | 3.0% | 7.8% | 7.4% | 7.5% | 9.1% | -7.1% | 11.4% | 11.6% | 11.1% |
| — | +27.7% | +20.9% | +18.5% | -35.2% | +8.0% | +22.2% | +38.5% | +177.2% | -3.0% | -7.1% | -27.9% | -67.4% | +210.3% | -34.7% | -34.9% | -18.3% | -162.1% | +28.7% | +13.0% | +168.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.2% | 3.0% | 3.0% | 2.6% | 1.5% | 2.4% | 2.4% | 2.0% | 2.3% | 2.1% | 1.9% | 1.5% | 0.8% | 2.1% | 1.9% | 1.8% | 2.2% | -1.6% | 2.4% | 2.5% | 2.5% |
| — | +26.2% | +24.1% | +30.6% | -34.7% | +13.0% | +22.6% | +32.3% | +178.6% | +2.5% | +2.9% | -17.2% | -62.5% | +229.0% | -22.7% | -25.9% | -9.8% | -165.6% | +19.7% | +8.4% | +172.5% | |
| ROA | 3.9% | 1.5% | 1.4% | 1.2% | 0.7% | 1.1% | 1.1% | 0.9% | 1.1% | 1.0% | 0.9% | 0.7% | 0.4% | 1.0% | 1.0% | 1.0% | 1.2% | -0.9% | 1.4% | 1.4% | 1.4% |
| — | +29.7% | +28.2% | +33.7% | -32.4% | +17.3% | +26.6% | +36.8% | +187.0% | -2.9% | -11.0% | -30.6% | -69.7% | +211.0% | -28.3% | -28.9% | -10.4% | -165.7% | +20.8% | +8.0% | +166.5% | |
| ROIC | 5.2% | 2.0% | 1.6% | 1.6% | 0.9% | 1.5% | 1.4% | 1.3% | 1.7% | 1.2% | 1.1% | 0.9% | 1.6% | 1.2% | 1.1% | 1.1% | 1.4% | 1.3% | 1.4% | 1.4% | 1.4% |
| — | +28.4% | +13.8% | +20.8% | -46.2% | +29.8% | +26.3% | +49.8% | +6.0% | -1.4% | +3.6% | -20.3% | +12.1% | -8.0% | -20.3% | -21.3% | +1.1% | -12.6% | -8.6% | -7.3% | -7.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.52 | 0.53 | 0.58 | 0.57 | 0.61 | 0.63 | 0.64 | 0.66 | 0.68 | 0.70 | 0.73 | 0.74 | 0.76 | 0.51 | 0.53 | 0.42 | 0.42 | 0.41 | 0.40 | 0.41 |
| — | -14.6% | -16.0% | -9.9% | -13.6% | -10.5% | -10.4% | -12.5% | -10.5% | -11.2% | +36.4% | +37.9% | +77.2% | +80.8% | +26.4% | +31.1% | +3.2% | +5.2% | +4.8% | +6.0% | +9.9% | |
| Debt / EBITDA | 3.33 | 10.44 | 11.68 | 12.29 | 16.37 | 12.60 | 13.64 | 14.33 | 12.31 | 15.76 | 16.67 | 19.64 | 13.27 | 18.09 | 14.52 | 15.19 | 10.58 | 11.37 | 10.88 | 10.74 | 10.49 |
| — | -17.1% | -14.4% | -14.2% | +32.9% | -20.1% | -18.1% | -27.0% | -7.2% | -12.9% | +14.8% | +29.3% | +25.5% | +59.1% | +33.4% | +41.5% | +0.8% | +9.1% | +6.6% | +10.4% | +13.6% | |
| Current Ratio | 1.19 | 1.20 | 1.18 | 1.03 | 1.19 | 1.14 | 1.04 | 1.02 | 1.08 | 1.04 | 0.90 | 0.98 | 0.99 | 0.88 | 1.09 | 1.14 | 1.17 | 1.10 | 1.27 | 1.32 | 1.40 |
| — | +4.5% | +13.9% | +1.4% | +10.5% | +9.9% | +16.0% | +4.1% | +8.9% | +17.7% | -17.5% | -13.9% | -15.5% | -19.5% | -14.3% | -13.7% | -16.3% | -28.5% | -25.5% | -26.0% | -11.1% | |
| Quick Ratio | 1.02 | 1.05 | 1.03 | 0.89 | 1.02 | 0.95 | 0.87 | 0.85 | 0.90 | 0.87 | 0.74 | 0.80 | 0.80 | 0.69 | 0.84 | 0.89 | 0.95 | 0.87 | 1.01 | 1.09 | 1.18 |
| — | +10.7% | +19.3% | +4.6% | +13.1% | +9.7% | +17.7% | +5.8% | +12.2% | +25.3% | -12.2% | -9.3% | -14.9% | -20.5% | -17.1% | -18.5% | -19.9% | -33.0% | -32.7% | -30.5% | -12.0% | |
| Interest Coverage | 4.24 | 7.41 | 6.50 | 5.33 | 3.67 | 4.73 | 4.45 | 4.06 | 4.02 | 3.59 | 3.27 | 2.65 | 1.44 | 3.52 | 4.35 | 4.66 | 8.20 | -3.59 | 8.84 | 8.88 | 9.78 |
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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 23.8x. The average P/E over the last 4 quarters is 30.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
L3Harris Technologies, Inc.'s current operating margin is 9.8%. 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.