(LHX) L3Harris Technologies - Ratings and Ratios
Satellites, Radios, Sensors, Propulsion, Avionics
Dividends
| Dividend Yield | 1.71% |
| Yield on Cost 5y | 2.77% |
| Yield CAGR 5y | 8.08% |
| Payout Consistency | 95.0% |
| Payout Ratio | 42.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 21.9% |
| Value at Risk 5%th | 33.0% |
| Relative Tail Risk | -8.34% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.72 |
| Alpha | 9.33 |
| CAGR/Max DD | 0.43 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.359 |
| Beta | 0.399 |
| Beta Downside | 0.306 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.98% |
| Mean DD | 8.02% |
| Median DD | 6.07% |
Description: LHX L3Harris Technologies December 02, 2025
L3Harris Technologies (NYSE:LHX) delivers mission-critical solutions to government and commercial customers through four operating segments: Space & Airborne Systems (SAS), Integrated Mission Systems (IMS), Communication Systems (CS), and Aerojet Rocketdyne (AR). The SAS unit focuses on satellite payloads, airborne combat systems, and mission-network services; IMS provides ISR, electronic attack, autonomy, and power-management technologies; CS supplies tactical radios, battlefield communications, and vision-system hardware; and AR develops propulsion and armament systems for missile-defense, hypersonic, and space-exploration programs.
In FY 2023 L3Harris reported revenue of approximately $19.1 billion, with an operating margin of 13.2% and a free-cash-flow conversion of 85%, reflecting strong cash generation despite a competitive defense landscape. The company’s order backlog stood at $13.2 billion, indicating multi-year visibility and a 9% YoY increase, driven largely by heightened U.S. defense spending and accelerated procurement of next-generation ISR and hypersonic platforms.
Key macro drivers for L3Harris include the U.S. defense budget, which the Congressional Budget Office projects to grow at a 3-4% annual rate through 2028, and the expanding commercial space sector, where satellite-constellation investments are expected to exceed $150 billion globally over the next five years. Additionally, supply-chain resilience in semiconductor components remains a material risk that could affect the timing of high-tech sensor deliveries.
For a deeper, data-driven assessment of L3Harris’s valuation dynamics and scenario analysis, consider exploring the detailed metrics and model inputs available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (1.76b TTM) > 0 and > 6% of Revenue (6% = 1.30b TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 0.33pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.39% (prev 1.56%; Δ 2.84pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 2.27b > Net Income 1.76b (YES >=105%, WARN >=100%) |
| Net Debt (11.50b) to EBITDA (3.89b) ratio: 2.96 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.14 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (187.8m) change vs 12m ago -1.42% (target <= -2.0% for YES) |
| Gross Margin 23.13% (prev 22.41%; Δ 0.72pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 52.45% (prev 50.47%; Δ 1.98pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 4.31 (EBITDA TTM 3.89b / Interest Expense TTM 615.0m) >= 6 (WARN >= 3) |
Altman Z'' 1.13
| (A) 0.02 = (Total Current Assets 7.59b - Total Current Liabilities 6.64b) / Total Assets 41.01b |
| (B) 0.10 = Retained Earnings (Balance) 4.17b / Total Assets 41.01b |
| (C) 0.06 = EBIT TTM 2.65b / Avg Total Assets 41.45b |
| (D) 0.20 = Book Value of Equity 4.38b / Total Liabilities 21.48b |
| Total Rating: 1.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 60.98
| 1. Piotroski 5.50pt |
| 2. FCF Yield 3.02% |
| 3. FCF Margin 8.69% |
| 4. Debt/Equity 0.61 |
| 5. Debt/Ebitda 2.96 |
| 6. ROIC - WACC (= 0.61)% |
| 7. RoE 9.08% |
| 8. Rev. Trend 93.12% |
| 9. EPS Trend -46.45% |
What is the price of LHX shares?
Over the past week, the price has changed by +0.65%, over one month by -3.24%, over three months by +3.64% and over the past year by +18.88%.
Is LHX a buy, sell or hold?
- Strong Buy: 14
- Buy: 5
- Hold: 6
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the LHX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 334.2 | 19.1% |
| Analysts Target Price | 334.2 | 19.1% |
| ValueRay Target Price | 307.8 | 9.7% |
LHX Fundamental Data Overview December 03, 2025
P/E Trailing = 29.3132
P/E Forward = 22.4719
P/S = 2.3436
P/B = 2.6689
P/EG = 0.5276
Beta = 0.652
Revenue TTM = 21.74b USD
EBIT TTM = 2.65b USD
EBITDA TTM = 3.89b USD
Long Term Debt = 11.00b USD (from longTermDebt, last quarter)
Short Term Debt = 845.0m USD (from shortTermDebt, last quarter)
Debt = 11.84b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.50b USD (from netDebt column, last quarter)
Enterprise Value = 62.45b USD (50.95b + Debt 11.84b - CCE 339.0m)
Interest Coverage Ratio = 4.31 (Ebit TTM 2.65b / Interest Expense TTM 615.0m)
FCF Yield = 3.02% (FCF TTM 1.89b / Enterprise Value 62.45b)
FCF Margin = 8.69% (FCF TTM 1.89b / Revenue TTM 21.74b)
Net Margin = 8.09% (Net Income TTM 1.76b / Revenue TTM 21.74b)
Gross Margin = 23.13% ((Revenue TTM 21.74b - Cost of Revenue TTM 16.71b) / Revenue TTM)
Gross Margin QoQ = 26.40% (prev 21.34%)
Tobins Q-Ratio = 1.52 (Enterprise Value 62.45b / Total Assets 41.01b)
Interest Expense / Debt = 1.28% (Interest Expense 152.0m / Debt 11.84b)
Taxrate = 18.52% (105.0m / 567.0m)
NOPAT = 2.16b (EBIT 2.65b * (1 - 18.52%))
Current Ratio = 1.14 (Total Current Assets 7.59b / Total Current Liabilities 6.64b)
Debt / Equity = 0.61 (Debt 11.84b / totalStockholderEquity, last quarter 19.53b)
Debt / EBITDA = 2.96 (Net Debt 11.50b / EBITDA 3.89b)
Debt / FCF = 6.09 (Net Debt 11.50b / FCF TTM 1.89b)
Total Stockholder Equity = 19.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.29% (Net Income 1.76b / Total Assets 41.01b)
RoE = 9.08% (Net Income TTM 1.76b / Total Stockholder Equity 19.36b)
RoCE = 8.73% (EBIT 2.65b / Capital Employed (Equity 19.36b + L.T.Debt 11.00b))
RoIC = 6.87% (NOPAT 2.16b / Invested Capital 31.44b)
WACC = 6.27% (E(50.95b)/V(62.79b) * Re(7.48%) + D(11.84b)/V(62.79b) * Rd(1.28%) * (1-Tc(0.19)))
Discount Rate = 7.48% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -81.65 | Cagr: -0.74%
[DCF Debug] Terminal Value 78.89% ; FCFE base≈1.85b ; Y1≈1.93b ; Y5≈2.23b
Fair Price DCF = 209.0 (DCF Value 39.10b / Shares Outstanding 187.1m; 5y FCF grow 4.56% → 3.0% )
EPS Correlation: -46.45 | EPS CAGR: -5.21% | SUE: 1.55 | # QB: 3
Revenue Correlation: 93.12 | Revenue CAGR: 7.27% | SUE: 1.89 | # QB: 2
EPS next Quarter (2026-03-31): EPS=2.69 | Chg30d=-0.034 | Revisions Net=+0 | Analysts=11
EPS next Year (2026-12-31): EPS=12.41 | Chg30d=+0.044 | Revisions Net=+9 | Growth EPS=+16.5% | Growth Revenue=+6.0%
Additional Sources for LHX Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle