L3Harris Technologies (LHX) Financial Ratios: P/E, ROE & More

L3Harris Technologies (LHX) Financial Ratios

For fiscal 2025 (fiscal year ended Jan 2, 2026), L3Harris Technologies had a P/E ratio of 35.46 (up from 26.49), return on equity of 8.2% (up from 7.9%), debt-to-equity of 0.61 (down from 0.67) and a current ratio of 1.19 (up from 1.08). A current ratio of 1.19 means current assets exceed current liabilities. Its dividend yield was 1.60% with a payout ratio of 56.2%.

L3Harris Technologies Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Jan 2026	Jan 2025	Dec 2023	Dec 2022	Dec 2021	Jan 2021
Valuation Ratios
P/E Ratio	34.42	35.46	26.49	32.53	37.33	22.67	35.49
Forward P/E	-	26.03	15.09	16.27	16.56	16.05	14.98
P/S Ratio	2.51	2.60	1.87	2.06	2.32	2.35	2.18
P/B Ratio	2.80	2.90	2.03	2.12	2.13	2.17	1.91
Price/Tangible Book	2.82	-	-	-	-	-	-
Price/FCF	20.47	21.24	18.50	24.24	20.80	17.84	16.40
Price/OCF	17.68	18.34	15.55	19.05	18.37	15.57	14.23
PEG Ratio	-	2.02	1.71	3.74	4.51	2.08	1.06
Enterprise Value Ratios
EV/Revenue	2.94	3.13	2.45	2.77	2.75	2.73	2.54
EV/EBITDA	19.28	16.93	13.19	16.28	14.28	15.89	15.26
EV/EBIT	30.47	24.28	19.57	25.16	19.96	23.23	23.16
EV/FCF	23.97	25.52	24.28	32.66	24.66	20.76	19.06
Profitability & Returns
Return on Equity (ROE)	8.19%	8.19%	7.87%	6.40%	5.59%	9.18%	4.99%
Return on Assets (ROA)	4.22%	4.24%	3.99%	3.55%	4.31%	3.66%	3.31%
Return on Invested Capital (ROIC)	4.61%	7.50%	7.87%	7.25%	7.55%	6.30%	4.20%
Return on Capital Employed (ROCE)	6.18%	8.30%	7.80%	6.30%	8.50%	7.00%	6.10%
Leverage & Solvency Ratios
Debt/Equity	0.53	0.61	0.67	0.74	0.42	0.41	0.37
Debt/EBITDA	3.13	2.82	3.16	4.02	2.27	2.44	2.42
Debt/FCF	3.89	4.44	6.06	8.47	4.15	3.38	3.22
Liquidity Ratios
Current Ratio	1.19	1.19	1.08	1.01	1.17	1.40	1.57
Quick Ratio	0.83	0.84	0.69	0.63	0.89	1.12	1.26
Efficiency Ratios
Asset Turnover	0.53	0.53	0.51	0.52	0.50	0.50	0.48
Inventory Turnover	12.74	12.74	11.28	10.36	10.68	12.34	11.44
Yield & Distribution Ratios
Earnings Yield	2.91%	2.82%	3.78%	3.07%	2.68%	4.41%	2.82%
FCF Yield	4.88%	4.71%	5.41%	4.13%	4.81%	5.60%	6.10%
Dividend Yield	1.64%	1.60%	2.28%	2.28%	2.32%	2.10%	1.99%
Payout Ratio	56.23%	56.23%	58.99%	70.74%	81.36%	44.26%	64.79%
Buyback Yield	1.21%	1.21%	-0.05%	1.50%	4.77%	5.88%	3.49%
Total Return	2.85%	2.80%	2.23%	3.78%	7.10%	7.99%	5.48%

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 Ratios

What is L3Harris Technologies's P/E ratio?

L3Harris Technologies's P/E ratio was 35.46 for fiscal 2025 (period ended Jan 2, 2026). It was 26.49 a year earlier.

What is L3Harris Technologies's return on equity?

L3Harris Technologies's return on equity (ROE) was 8.2% for fiscal 2025 (period ended Jan 2, 2026). It was 7.9% a year earlier.

What is L3Harris Technologies's debt-to-equity ratio?

L3Harris Technologies's debt-to-equity ratio was 0.61 for fiscal 2025 (period ended Jan 2, 2026). It was 0.67 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition