L3Harris Technologies (LHX) Financial Statements & Analysis

L3Harris Technologies (LHX) Income Statement

L3Harris Technologies reported revenue of $21.86B in fiscal 2025 (fiscal year ended Jan 2, 2026), up 2.5% from $21.32B a year earlier. Net income was $1.61B, up 5.5% year over year, a net margin of 7.3%. Gross margin was 25.7% and operating margin 9.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jul 3, 2026), revenue was $5.88B.

L3Harris Technologies Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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L3Harris Technologies, Inc. income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Jan 2026	Jan 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Jun 2019	Jun 2018
Revenue & Gross Profit
Revenue	21.87	21.87	21.33	21.33	19.42	17.06	17.81	18.19	0.00	6.80	6.17
Cost of Revenue	16.24	16.24	15.80	15.80	14.31	12.14	12.44	12.89	0.00	4.47	4.07
Gross Profit	5.63	5.63	5.52	5.52	5.11	4.93	5.38	5.31	0.00	2.33	2.10
Operating Expenses
Research & Development	0.54	-	-	0.52	0.48	0.60	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.23	2.81	2.86	2.22	3.31	3.00	3.28	3.32	0.00	1.24	1.18
Operating Expenses	3.48	3.52	3.61	3.51	3.31	3.00	3.27	5.31	0.00	2.33	0.98
Operating Income	2.15	2.11	1.92	2.02	1.80	1.93	2.11	0.00	0.00	1.09	1.12
Other Income/Expense
Interest Income	0.00	-	-	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00
Interest Expense	0.60	-0.60	-0.68	0.68	0.54	0.28	0.27	0.27	0.00	0.17	0.17
Other Income/Expense	-0.22	-0.18	-0.32	0.26	-0.04	-0.38	0.17	1.32	0.00	0.02	-0.21
Income
Income Before Tax	1.93	1.93	1.60	1.60	1.22	1.27	2.28	1.32	0.00	1.11	0.91
Income Tax Expense	0.33	0.33	0.09	0.09	0.02	0.21	0.44	0.23	0.00	0.16	0.21
Net Income	1.61	1.61	1.52	1.50	1.23	1.06	1.85	1.12	0.00	0.95	0.70
Net Income - Continuous Operations	1.61	-	-	1.51	1.20	1.06	1.85	1.12	0.00	0.95	0.70
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-
EBITDA	3.75	4.04	3.96	3.56	2.93	2.49	3.52	2.61	0.89	1.54	1.34
EBIT	2.53	2.82	2.67	2.27	1.76	1.55	2.10	-	-	-	-
Depreciation & Amortization	1.22	1.22	1.29	0.78	0.69	0.53	0.97	1.03	0.89	0.26	0.26
Earnings Per Share
Basic EPS	9.00	9.00	8.00	8.00	6.00	6.00	9.00	5.00	7.00	8.00	6.00
Diluted EPS	9.00	9.00	8.00	8.00	6.00	5.00	9.00	5.00	7.00	8.00	6.00
Basic Shares Outstanding	0.19	0.19	0.19	0.19	0.19	0.19	0.20	0.21	0.22	0.12	0.12
Diluted Shares Outstanding	0.19	0.19	0.19	0.19	0.19	0.19	0.20	0.22	0.22	0.12	0.12

Source: Company financial statements from annual and quarterly filings. Data as of Jul 3, 2026. Data sources and methodology

Frequently Asked Questions About L3Harris Technologies Financial Statements

What was L3Harris Technologies's revenue in fiscal 2025?

L3Harris Technologies reported revenue of $21.86B in fiscal 2025 (fiscal year ended Jan 2, 2026). That was up 2.5% from $21.32B a year earlier.

Is L3Harris Technologies profitable?

Yes. L3Harris Technologies earned net income of $1.61B in fiscal 2025, a net margin of 7.3%. In fiscal 2024 it earned $1.52B.

What is L3Harris Technologies's operating margin?

L3Harris Technologies's operating income was $2.11B on revenue of $21.86B in fiscal 2025, an operating margin of 9.7%, compared with 9.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition