Stock Analysis
L3Harris Technologies, Inc.LHX
P/E 24.69×· 5Y range 20.70–48.16×· bottom 11% of history
Sector: Technology · Industry: Search, Detection, Navigation, Guidance, Aeronautical Sys
AnalystsStrong Buy23 analystsP/E 24.7× sits at the 11th percentile of its 5.0978781656399725-year history.
Cash covers 14% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Quality87
Risks
- Growth37
- Profitability42
Mixed business trading cheap — priced for skepticism.
Market context
+3.3% today· Z 3.1σ· RVOL 2.1×· Anduril's surging valuation boosted sector sentiment, helping defense stocks rebound.
Bull Case
- ✓Piotroski F-Score 8/9 — high earnings quality
- ✓Interest coverage 8.0× — debt well covered
- ✓P/E 24.7× at bottom 11% of 5-year history
Why is LHX moving?
SectorAnduril's surging valuation boosted sector sentiment, helping defense stocks rebound.
Profile
Strong earnings quality and valuation; growth and profitability lag behind.
How is each axis scored?
- Valuation77/100 · Strong
- P/E vs own history (11th pct)25/25
- FCF yield (6.1%)20/25
- P/S (2.0x)20/25
- EV/EBIT (24.0x)12/25
- Growth37/100 · Weak
- Revenue CAGR (5.3%)12/25
- Net income CAGR (-3.4%)0/25
- EPS CAGR 5Y (-3.1%)0/25
- Fwd implied growth (30.6%)25/25
- Profitability42/100 · Weak
- ROIC (6.0%)5/25
- ROE (9.0%)12/25
- Net margin (8.2%)13/25
- Operating margin (10.1%)12/25
- Financial Health52/100 · Moderate
- Altman Z (1.85)10/25
- Current ratio (1.18)12/25
- Interest coverage (8.0x)18/25
- Net cash / debt (D/A 22%)12/25
- Quality87/100 · Strong
- Piotroski F (8/9)25/25
- Beneish M (-2.58)25/25
- FCF conversion (150%)25/25
- Margin stability (σ 10.6%)12/25
- Moat55/100 · Moderate
- ROIC >12% years (3/9 yrs)6/25
- Median gross margin (29.2%)6/25
- FCF-positive years (9/9 yrs)25/25
- Worst-year net margin (worst 6.2%)18/25
About L3Harris Technologies, Inc.
In addition to its legacy software-defined radio franchise, L3Harris Technologies has, through a series of acquisitions, established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors. Show more
It is also adept at refitting civilian aircraft for military use, provides military and commercial training services, and maintains the US Federal Aviation Administration's communication infrastructure.
Headquarters: MELBOURNE, FL · Employees: 45,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
77B+P/E (TTM)24.6xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 20.7x–48.2x · 11th pct
P/FCF15.0xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield6.1%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.5%–6.5% · 96th pct
P/S (TTM)2.01xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 1.6x–3.6x · 15th pct
EV/EBIT24.0xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 20.8x–48.8x · 20th pct
EV/Sales2.4xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E18.9xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.21xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.17B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield2.05%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio49.1%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
42D+ROIC6.0%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE9.0%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA4.5%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin8.2%C
Grade C: AverageNet Income / Revenue
Operating Margin10.1%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin25.5%D
Grade D: LowGross Profit / Revenue
FCF Margin12.2%C
Grade C: AverageFCF / Revenue
True FCF Margin11.7%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
37DRevenue CAGR5.3%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-3.4%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-3.1%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth30.6%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-10.1%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income6.1%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.5%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
52CAltman Z-Score1.85C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.18xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.03xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage8.0xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment3.4yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT4.1xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity0.53xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.14xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
87APiotroski F-Score8/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.58A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion149.8%A
Grade A: StrongFCF / Net Income
Margin Stability10.6%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue2.1%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.55xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Zamarro Christina L Filed | Zamarro Christina L | Grant / award | +157 | |
Geraghty Joanna Filed | Geraghty Joanna | Grant / award | +184 | |
Regnery David S Filed | Regnery David S | Grant / award | +157 | |
Bedingfield Kenneth L Filed | Bedingfield Kenneth L | Grant / award | +27 | |
Aebli Christopher T. Filed | Aebli Christopher T. | Grant / award | +5.7K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Barnes Lauren N. Filed | Barnes Lauren N. | Grant / award | +5.7K | |
MEHTA SAMIR Filed | MEHTA SAMIR | Grant / award | +3.0K | |
MEHTA SAMIR Filed | MEHTA SAMIR | Grant / award | +11.8K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
55CROIC >12% Years3/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)29.2%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years9/9 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor6.2%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$10.06
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$8.17
Cash & short-term investments per share (Finnhub)
Book Value / Share$112.00
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$11.00B
Total debt obligations (short + long term)
Cash & Equiv.$1.52B
Cash and short-term investments
Net Debt$9.48B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$20.85B
Shareholders' equity (book value)
Asset / Liability1.94xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$46.18B
Current Market Capitalization
Beta0.49B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jul 2026 · Ratio snapshot Oct 17, 2026
Key Insights: L3Harris Technologies, Inc. (LHX)
LHX is up 3.33% at the last close — Anduril's surging valuation boosted sector sentiment, helping defense stocks rebound.. L3Harris Technologies, Inc. meets 8 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 1.85 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -2.58 suggests a low likelihood of earnings manipulation.
- Takes ~3.4 years to repay net debt from free cash flow.
- At a valuation score of 77/100, LHX trades near the cheapest end of its own historical range (P/E 24.6).
- The stock currently yields 2.0% in dividends.
See how LHX ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all LHX moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 246.38 | +2.44% | 2.47 |
| Oct 16 | After-hours | 247.99 | +3.11% | 3.10 |
| Oct 14 | Regular | 238.62 | +1.66% | 2.10 |
| Sep 22 | Regular | 240.50 | -2.61% | -2.46 |
| Sep 22 | After-hours | 240.14 | -2.75% | -2.62 |
Frequently Asked Questions about LHX
What is the current L3Harris Technologies, Inc. (LHX) stock price?
LHX is trading at $248.51 at the last market close, up 3.33% on the session. PreMarketPrice tracks LHX pre-market, intraday and after-hours prices.
Is LHX stock a buy right now?
PreMarketPrice's quantitative model rates L3Harris Technologies, Inc.'s financial health at 52/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is LHX stock overvalued?
L3Harris Technologies, Inc. trades at a trailing P/E of 24.6 and our valuation score rates it 77/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does L3Harris Technologies, Inc. report earnings?
No confirmed earnings date is currently scheduled for LHX. The Earnings section lists recent reports and updates as dates are announced.
What sector does L3Harris Technologies, Inc. operate in?
L3Harris Technologies, Inc. operates in the Technology sector, within the Search, Detection, Navigation, Guidance, Aeronautical Sys industry. The Related Stocks section lists sector peers for comparison.
What does L3Harris Technologies, Inc. do?
In addition to its legacy software-defined radio franchise, L3Harris Technologies has, through a series of acquisitions, established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors.
About L3Harris Technologies, Inc. (LHX) Stock
L3Harris Technologies, Inc. (LHX) is a US-listed stock operating in the Technology sector, specifically the Search, Detection, Navigation, Guidance, Aeronautical Sys industry. As of the latest update, L3Harris Technologies, Inc. is trading at $248.51, up 3.33% on the day with a market capitalization of $46.2 billion. The financial health score for LHX is 52/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for LHX stock.
LHX Stock Analysis & Key Metrics
On PreMarketPrice, you can track L3Harris Technologies, Inc. (LHX) across multiple dimensions:
- Pre-market price & movement: Real-time LHX stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for LHX with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for L3Harris Technologies, Inc. across multiple reporting periods.
- Financial health score: A composite score of 52/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for LHX.
- Sector peers: Compare LHX against 6 other technology stocks on key financial metrics.
Is LHX a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate L3Harris Technologies, Inc. (LHX) as an investment. The financial health score of 52/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.L3Harris Technologies, Inc. (LHX) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.