Reading the tape
NYSE: LHX
L3Harris Technologies, Inc.
Industrials · Aerospace & Defense
Market Cap
$55.82B
52w High
$379.23
52w Low
$214.10
P/E
32.33
Volume
855.43K
Outstanding Shares
186.30M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 37.2%Revenue (TTM): 5.79%FCF (TTM): 14.1%P/FCF: 55th pct
What changed
The stock rose 37.2% over the last year. Revenue grew 5.79% over the trailing twelve months. Operating margin moved from 10.35% to 10.01%. Free cash flow grew 14.1% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 55th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 10.01%. Revenue grew 5.79% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide.
CEOChristopher E. Kubasik
SectorIndustrials
IndustryAerospace & Defense
Employees47,000
IPO dateDec 31, 1981
Valuation
Forward P/E—
EV/EBITDA17.70
Enterprise value$66.43B
Stock splits
May 11, 2009↑ Forward
Every 1181 shares became 1250
Mar 31, 2005↑ Forward
Every 1 shares became 2
Sep 29, 1997↑ Forward
Every 1 shares became 2
Sep 25, 1978↑ Forward
Every 1 shares became 2
Dec 23, 1976↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth11.93%
Gross margin24.47%▲15.62%vs FY2025
Operating margin10.01%▲4.02%vs FY2025
ROE8.18%▲6.27%vs FY2025
Analyst consensus
RatingBuy
Target price$352.25▲17.56%
24
Buy
6
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 23, 2026
Q3 FY26 · EPS est $2.78 · Revenue est $5.8B
View
Dividends
$4.90/shareQuarterlyDividend Aristocrat · 25yrEx-div Jun 5, 2026 · in 26dSafeLHX pays a dividend with a 1.64% declared yield, 25 consecutive years of growth, growing at 5.55% annually, covered 3.0× by free cash flow.
Declared Yield
1.64%
Annual Div / Share
$4.90
5yr CAGR
+5.55%
Doubles every ~12.8yr
Payout Ratio
52.71%
Safe
Dividend Growth Rate
3yr CAGR
+2.73%
5yr CAGR
+5.55%
10yr CAGR
+9.37%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$4.90+3.8%
2025$4.72+2.6%
2024$4.60+1.8%
2023$4.52+5.6%
2022$4.28+14.4%
2021$3.74+16.9%
2020$3.20+16.8%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$16/yr
$1/mo
In 5 yrs
$21/yr+31%
$2/mo
In 10 yrs
$28/yr+72%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$16/yr $1/mo | $21/yr+31% $2/mo | $28/yr+72% $2/mo |
Yield-on-cost grows from 1.64% → 2.81% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
LHX has raised its dividend for 25 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 5.55% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in LHX
STOCK Act disclosures from senators and representatives.
- RM
Richard Dean Dr McCormick
GAhouseRepublicanSale (Partial)2026-03-19$1,001 - $15,000+19d to disclose