L3Harris Technologies, Inc. (LHX) quarterly income statement — complete revenue, gross profit & net income history
L3Harris Technologies, Inc. (LHX) annual income statement — 30-year revenue, gross profit & net income history
| Metric | 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 |
|---|
| Sales/Revenue | 6.06B | 5.88B | 5.74B | 5.65B | 5.66B | 5.43B | 5.13B | 5.52B | 5.29B | 5.3B | 5.21B | 5.34B | 4.92B | 4.69B | 4.47B | 4.58B | 4.25B | 4.13B | 4.1B | 4.35B |
| Revenue Growth % | 7.09% | 8.39% | 11.93% | 2.26% | 6.93% | 2.4% | -1.52% | 3.43% | 7.67% | 12.91% | 16.55% | 16.64% | 15.76% | 13.49% | 8.97% | 5.24% | 0.4% | -11.42% | -10.16% | -6.65% |
| Cost of Goods Sold | 4.45B | 4.38B | 4.34B | 4.2B | 4.17B | 4.09B | 3.78B | 4.13B | 3.87B | 3.94B | 3.86B | 3.94B | 3.61B | 3.51B | 3.31B | 3.32B | 3.05B | 2.91B | 2.86B | 3.05B |
| COGS % of Revenue | 73.4% | 74.46% | 75.59% | 74.4% | 73.6% | 75.4% | 73.69% | 74.71% | 73.19% | 74.33% | 74.13% | 73.69% | 73.41% | 74.71% | 73.92% | 72.43% | 71.88% | 70.3% | 69.71% | 70.18% |
| Gross Profit | 1.61B | 1.5B | 1.4B | 1.45B | 1.49B | 1.33B | 1.35B | 1.4B | 1.42B | 1.36B | 1.35B | 1.41B | 1.31B | 1.19B | 1.17B | 1.26B | 1.19B | 1.23B | 1.24B | 1.3B |
| Gross Margin % | 26.6% | 25.54% | 24.41% | 25.6% | 26.4% | 24.6% | 26.31% | 25.29% | 26.81% | 25.67% | 25.87% | 26.31% | 26.59% | 25.29% | 26.08% | 27.57% | 28.12% | 29.7% | 30.29% | 29.82% |
| Gross Profit Growth % | 7.9% | 12.51% | 3.85% | 3.51% | 5.29% | -1.84% | 0.15% | -0.57% | 8.57% | 14.57% | 15.61% | 11.33% | 9.46% | -3.34% | -6.19% | -2.7% | -8.72% | -13.34% | -8.2% | -7.29% |
| Operating Expenses | 826M | 848M | 760M | 1.07B | 863M | 751M | 796M | 669M | 924M | 884M | 970M | 704M | 828M | 787M | 773M | 767M | 742M | 744M | 745M | 795M |
| OpEx % of Revenue | 13.63% | 14.42% | 13.23% | 18.94% | 15.25% | 13.84% | 15.51% | 12.11% | 17.46% | 16.68% | 18.61% | 13.18% | 16.85% | 16.77% | 17.29% | 16.75% | 17.48% | 17.99% | 18.16% | 18.28% |
| Selling, General & Admin | 826M | 848M | 455M | 739M | 549M | 442M | 508M | -625M | 541M | 521M | 619M | -463M | 828M | 787M | 773M | 767M | 742M | 744M | 745M | 795M |
| SG&A % of Revenue | 13.63% | 14.42% | 7.92% | 13.08% | 9.7% | 8.15% | 9.9% | -11.32% | 10.22% | 9.83% | 11.88% | -8.67% | 16.85% | 16.77% | 17.29% | 16.75% | 17.48% | 17.99% | 18.16% | 18.28% |
| Research & Development | 0 | 0 | 146M | 155M | 137M | 132M | 111M | 0 | 0 | 124M | 114M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 2.54% | 2.74% | 2.42% | 2.43% | 2.16% | - | - | 2.34% | 2.19% | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 786M | 654M | 642M | 376M | 631M | 584M | 554M | 728M | 495M | 476M | 378M | 701M | 479M | 400M | 393M | 495M | 452M | 484M | 498M | 502M |
| Operating Margin % | 12.97% | 11.12% | 11.18% | 6.66% | 11.15% | 10.76% | 10.79% | 13.18% | 9.35% | 8.98% | 7.25% | 13.13% | 9.75% | 8.52% | 8.79% | 10.81% | 10.65% | 11.71% | 12.14% | 11.54% |
| Operating Income Growth % | 24.56% | 11.99% | 15.88% | -48.35% | 27.47% | 22.69% | 46.56% | 3.85% | 3.34% | 19% | -3.82% | 41.62% | 5.97% | -17.36% | -21.08% | -1.39% | -12.23% | -7.98% | -9.95% | -11.62% |
| EBITDA | 1.05B | 942M | 924M | 687M | 940M | 887M | 855M | 1.05B | 819M | 795M | 698M | 1.05B | 789M | 656M | 643M | 736M | 684M | 717M | 730M | 746M |
| EBITDA Margin % | 17.38% | 16.02% | 16.09% | 12.16% | 16.61% | 16.35% | 16.66% | 19.08% | 15.48% | 15% | 13.39% | 19.68% | 16.05% | 13.98% | 14.38% | 16.08% | 16.11% | 17.34% | 17.79% | 17.15% |
| EBITDA Growth % | 12.02% | 6.2% | 8.07% | -34.82% | 14.77% | 11.57% | 22.49% | 0.29% | 3.8% | 21.19% | 8.55% | 42.8% | 15.35% | -8.51% | -11.92% | -1.34% | -9.28% | -5.53% | -9.2% | -10.34% |
| D&A (Non-Cash Add-back) | 267M | 288M | 282M | 311M | 309M | 303M | 301M | 326M | 324M | 319M | 320M | 350M | 310M | 256M | 250M | 241M | 232M | 233M | 232M | 244M |
| EBIT | 859M | 839M | 725M | 525M | 719M | 676M | 609M | 648M | 596M | 562M | 466M | 247M | 559M | 483M | 475M | 607M | -251M | 592M | 604M | 655M |
| Net Interest Income | -116M | -129M | -136M | -143M | -152M | -152M | -150M | -161M | -166M | -172M | -176M | -171M | -159M | -111M | -102M | -74M | -70M | -67M | -68M | -67M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 116M | 129M | 136M | 143M | 152M | 152M | 150M | 161M | 166M | 172M | 176M | 171M | 159M | 111M | 102M | 74M | 70M | 67M | 68M | 67M |
| Other Income/Expense | -43M | 56M | -53M | 6M | -64M | -60M | -95M | -241M | -65M | -86M | -88M | -625M | -79M | -28M | -20M | 38M | -773M | 41M | 38M | 86M |
| Pretax Income | 743M | 710M | 589M | 382M | 567M | 524M | 459M | 487M | 430M | 390M | 290M | 76M | 400M | 372M | 373M | 533M | -321M | 525M | 536M | 588M |
| Pretax Margin % | 12.26% | 12.07% | 10.25% | 6.76% | 10.02% | 9.66% | 8.94% | 8.82% | 8.13% | 7.36% | 5.57% | 1.42% | 8.14% | 7.93% | 8.34% | 11.64% | -7.56% | 12.7% | 13.06% | 13.52% |
| Income Tax | 111M | 110M | 77M | 82M | 105M | 66M | 73M | 31M | 26M | 23M | 5M | -50M | 18M | 21M | 34M | 116M | -20M | 55M | 61M | 104M |
| Effective Tax Rate % | 14.94% | 15.49% | 13.07% | 21.47% | 18.52% | 12.6% | 15.9% | 6.37% | 6.05% | 5.9% | 1.72% | -65.79% | 4.5% | 5.65% | 9.12% | 21.76% | 6.23% | 10.48% | 11.38% | 17.69% |
| Net Income | 632M | 600M | 512M | 300M | 462M | 458M | 386M | 453M | 400M | 366M | 283M | 158M | 383M | 349M | 337M | 416M | -300M | 471M | 475M | 484M |
| Net Margin % | 10.43% | 10.2% | 8.91% | 5.31% | 8.16% | 8.44% | 7.52% | 8.2% | 7.56% | 6.91% | 5.43% | 2.96% | 7.79% | 7.44% | 7.54% | 9.09% | -7.07% | 11.39% | 11.58% | 11.13% |
| Net Income Growth % | 36.8% | 31% | 32.64% | -33.77% | 15.5% | 25.14% | 36.4% | 186.71% | 4.44% | 4.87% | -16.02% | -62.02% | 227.67% | -25.9% | -29.05% | -14.05% | -162.37% | 14.04% | 1.5% | 150.78% |
| Net Income (Continuing) | 632M | 600M | 512M | 300M | 462M | 458M | 386M | 456M | 404M | 367M | 285M | 126M | 382M | 351M | 339M | 417M | -301M | 470M | 475M | 484M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 987M | 0 | 0 | 0 | 0 | 0 | -1M | 65M | 64M | 64M | 64M | 64M | 100M | 103M | 102M | 101M | 102M | 104M | 106M | 106M |
| EPS (Diluted) | 3.28 | 3.13 | 2.72 | 1.59 | 2.46 | 2.44 | 2.04 | 2.37 | 2.10 | 1.92 | 1.48 | 0.83 | 2.01 | 1.84 | 1.76 | 2.17 | -1.57 | 2.43 | 2.44 | 2.46 |
| EPS Growth % | 33.33% | 28.28% | 33.33% | -32.91% | 17.14% | 27.08% | 37.84% | 185.54% | 4.48% | 4.35% | -15.91% | -61.75% | 228.03% | -24.28% | -27.87% | -11.79% | -165.69% | 20.9% | 8.44% | 170.33% |
| EPS (Basic) | 3.29 | 3.15 | 2.74 | 1.60 | 2.47 | 2.45 | 2.05 | 2.38 | 2.11 | 1.93 | 1.49 | 0.83 | 2.02 | 1.84 | 1.77 | 2.18 | -1.57 | 2.45 | 2.46 | 2.48 |
| Diluted Shares Outstanding | 186.9M | 188.24M | 188.24M | 188.2M | 187.8M | 187.8M | 189.1M | 190.6M | 190.5M | 190.6M | 190.8M | 190.6M | 190.1M | 190.1M | 191.2M | 192.1M | 191.3M | 194M | 195.1M | 196.8M |
| Basic Shares Outstanding | 186.1M | 186.86M | 186.86M | 187M | 187M | 187M | 188.5M | 189.7M | 189.6M | 189.7M | 189.8M | 189.6M | 189.3M | 189.2M | 190.2M | 190.7M | 191.3M | 192.1M | 193.2M | 195.1M |
| Dividend Payout Ratio | 37.03% | 38.67% | 46.48% | 75% | 48.7% | 49.13% | 59.07% | 48.79% | 55% | 60.38% | 79.15% | 136.71% | 56.4% | 61.89% | 65.28% | 51.44% | - | 46.07% | 45.89% | 41.12% |