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L3Harris Technologies (LHX)
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L3Harris Technologies Income Statement 2026-2007 | LHX
Brief overview of revenue and earnings at L3Harris Technologies
The comparison covers a five-year financial horizon. The revenue attributed to L3Harris Technologies moved from 17.8 billion dollars to 21.9 billion dollars between the two endpoints. The total change was +22.7%, with a CAGR of approximately 4.2%. Revenue was effectively stagnant over the period.
The five-year change in gross profit reached +4.6%: from 5.4 billion dollars to 5.6 billion dollars. The relationship between sales and direct costs deteriorated. The gross margin was 30.2% at the start and 25.7% at the end. A lower margin indicates deterioration in the economics of the core business.
EBITDA changed from 3.7 billion dollars to 3.3 billion dollars (−10.9%). Changes in revenue did not translate into comparable EBITDA performance. At the operating-margin level, the figure shifted from 21% to 15.2%. The business retained less EBITDA from each unit of revenue.
Net income changed from 1.8 billion dollars to 1.6 billion dollars (−13%). Lower net income weakens the overall financial picture.
The market value of the business moved from $50.8 billion to $63.6 billion, or +25.3%. Market optimism is not supported by the direction of the results.
Conclusion
The indicators point to a weaker financial profile. The most visible risks are declining net profitability, pressure on operating profitability and a lower gross margin. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement L3Harris Technologies
| 2026 | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
63.6 B | 37.5 B | 37.4 B | 40.3 B | 50.8 B | 49.5 B | 24.1 B | 18.6 B | 14 B | 10.8 B | 8.86 B | 7.8 B | 5.86 B | 4.88 B | 5.04 B | 5.78 B | 4.09 B | - | - |
Shares |
187 M | 190 M | 190 M | 192 M | 201 M | 224 M | 120 M | 121 M | 123 M | 125 M | 107 M | 107 M | 111 M | 115 M | 126 M | 127 M | 131 M | - | - |
Historical Prices |
340 | 197 | 197 | 210 | 252 | 178 | 191 | 157 | 146 | 101 | 69.9 | 67.9 | 62.9 | 39.8 | 35 | 45.3 | 31.2 | 52.5 | 46 |
Net Income |
1.61 B | 1.5 B | 1.23 B | 1.06 B | 1.85 B | 822 M | 949 M | 699 M | 553 M | 324 M | 334 M | 535 M | 113 M | 30.6 M | 588 M | 562 M | 37.9 M | 119 M | - |
Revenue |
21.9 B | 21.3 B | 19.4 B | 17.1 B | 17.8 B | 9.26 B | 6.8 B | 6.17 B | 5.9 B | 5.99 B | 3.88 B | 5.01 B | 5.11 B | 5.45 B | 5.92 B | 102 M | - | - | - |
Cost of Revenue |
16.2 B | 15.8 B | 14.3 B | 12.1 B | 14.3 B | 9.09 B | 4.47 B | 4.07 B | 3.85 B | 3.83 B | 2.37 B | 3.31 B | 3.38 B | 3.57 B | 3.53 B | 3.05 B | 3.42 B | 3.15 B | - |
Gross Profit |
5.62 B | 5.52 B | 5.11 B | 4.93 B | 3.51 B | 2.54 B | 2.33 B | 2.1 B | 2.09 B | 2.09 B | 1.52 B | 1.7 B | 1.73 B | 1.88 B | 2.11 B | 532 M | 391 M | 381 M | - |
Operating Income |
2.11 B | 1.92 B | 1.43 B | 1.13 B | 2.11 B | - | 1.45 B | 1.12 B | 1.07 B | 1.06 B | - | - | - | - | - | - | - | - | - |
Interest Expense |
419 M | 354 M | 338 M | 425 M | 270 M | 217 M | 169 M | 170 M | 172 M | 183 M | 130 M | 94 M | 109 M | 113 M | 90.4 M | 72.1 M | 52.8 M | 53.1 M | - |
EBITDA |
3.33 B | 3.21 B | 2.59 B | 2.06 B | 3.08 B | 1.3 B | 1.35 B | 1.16 B | 1.38 B | 1.43 B | 767 M | 1.09 B | 982 M | 1.2 B | 1.18 B | 166 M | 178 M | 172 M | - |
Operating Expenses |
3.52 B | 3.61 B | 3.69 B | 3.8 B | 1.4 B | 1.68 B | 1.24 B | 1.21 B | 1.02 B | 1.03 B | 992 M | 820 M | 965 M | 941 M | 1.14 B | 723 M | 791 M | 746 M | - |
General and Administrative Expenses |
3.43 B | 3.57 B | 3.31 B | 3 B | 3.28 B | 2.84 B | 2.04 B | 2 B | - | 1.92 B | 1.62 B | 1.37 B | 1.57 B | 1.66 B | 1.95 B | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement L3Harris Technologies
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2010-Q3 | 2010-Q2 | 2010-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
186 M | 186 M | 187 M | -200 K | 187 M | 187 M | 188 M | 100 M | 190 M | 190 M | 190 M | 190 M | 189 M | 189 M | 190 M | -400 K | 191 M | 192 M | 193 M | -2 M | 200 M | 204 M | 207 M | -1.5 M | 213 M | 216 M | 217 M | 118 M | 118 M | 118 M | 118 M | -100 K | 118 M | 118 M | 119 M | -700 K | 123 M | 124 M | 124 M | 100 M | 124 M | 124 M | 124 M | 1.6 M | 104 M | 104 M | 105 M | 106 M | 106 M | 106 M | 106 M | 107 M | 111 M | 112 M | 112 M | 112 M | 112 M | 112 M | 119 M | 123 M | 125 M | 126 M | 127 M | 127 M | 129 M | 130 M | 131 M |
Net Income |
613 M | 586 M | 512 M | 300 M | 462 M | 458 M | 386 M | 456 M | 404 M | 367 M | 285 M | 126 M | 382 M | 351 M | 339 M | 416 M | -300 M | 470 M | 475 M | 485 M | 481 M | 413 M | 466 M | 190 M | 430 M | 283 M | 218 M | 268 M | 242 M | 225 M | 215 M | 208 M | 197 M | 130 M | 165 M | 156 M | 163 M | 163 M | 160 M | 445 M | 168 M | -152 M | 148 M | -56.2 M | 126 M | 140 M | 125 M | 131 M | 141 M | 136 M | 126 M | 55.9 M | 94.3 M | 44.8 M | -86 M | 128 M | -354 M | 132 M | 121 M | 133 M | 139 M | 151 M | 164 M | 146 M | 166 M | 140 M | 104 M |
Revenue |
6.06 B | 5.88 B | 5.74 B | 21.9 B | 5.66 B | 5.43 B | 5.13 B | 21.3 B | 5.29 B | 5.3 B | 5.21 B | 5.34 B | 4.92 B | 4.69 B | 4.47 B | 4.58 B | 4.25 B | 4.14 B | 4.1 B | 4.35 B | 4.23 B | 4.67 B | 4.57 B | 4.66 B | 4.46 B | 4.44 B | 4.63 B | 1.86 B | 1.73 B | 1.67 B | 1.54 B | 1.66 B | 1.56 B | 1.54 B | 1.41 B | 1.54 B | 1.41 B | 2.95 B | 1.49 B | 1.45 B | 1.42 B | 1.7 B | 1.75 B | 1.21 B | 1.81 B | 2.36 B | 1.81 B | - | 1.16 B | - | 1.16 B | 1.22 B | 1.19 B | 1.22 B | 1.19 B | 1.29 B | 1.26 B | 1.29 B | 1.26 B | 1.31 B | 1.34 B | 1.45 B | 1.46 B | - | - | - | - |
Cost of Revenue |
4.45 B | 4.38 B | 4.34 B | 16.2 B | 4.16 B | 4.09 B | 3.78 B | 15.8 B | 3.87 B | 3.94 B | 3.86 B | 3.89 B | 3.61 B | 3.51 B | 3.3 B | 3.32 B | 3.05 B | 2.91 B | 2.86 B | 3.05 B | 2.92 B | 3.25 B | 3.21 B | 4.68 B | 3.15 B | 3.18 B | 3.3 B | 1.22 B | 1.14 B | 1.1 B | 1.01 B | 1.1 B | 1.03 B | 1.02 B | 919 M | 1.08 B | 958 M | 920 M | 897 M | 937 M | 1.01 B | 1.2 B | 1.22 B | 46 M | 754 M | 808 M | 762 M | 899 M | 841 M | 795 M | 774 M | 888 M | 804 M | 845 M | 848 M | 940 M | 880 M | 856 M | 894 M | 816 M | 897 M | 940 M | 881 M | 642 M | 820 M | 779 M | 812 M |
Gross Profit |
1.61 B | 1.5 B | 1.4 B | 5.62 B | 1.49 B | 1.34 B | 1.35 B | 5.52 B | 1.42 B | 1.36 B | 1.35 B | 1.45 B | 1.31 B | 1.19 B | 1.17 B | 1.26 B | 1.19 B | 1.23 B | 1.24 B | 1.3 B | 1.31 B | 1.42 B | 1.35 B | -21 M | 1.31 B | 1.27 B | 1.33 B | 642 M | 589 M | 571 M | 532 M | 564 M | 534 M | 513 M | 491 M | 456 M | 455 M | 2.03 B | 592 M | 512 M | 411 M | 497 M | 534 M | 1.16 B | 1.06 B | 1.55 B | 1.05 B | - | 314 M | - | 381 M | 335 M | 388 M | 378 M | 344 M | 347 M | 382 M | 431 M | 368 M | 494 M | 440 M | 506 M | 579 M | 532 M | 510 M | 439 M | 391 M |
Operating Income |
786 M | 654 M | 652 M | 2.11 B | 621 M | 571 M | 525 M | 1.92 B | 495 M | 476 M | 378 M | 154 M | 479 M | 400 M | 393 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 322 M | 256 M | 272 M | 272 M | 275 M | 275 M | 277 M | 246 M | 277 M | 246 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
-1 M | 185 M | 73 M | 419 M | 25 M | 105 M | 84 M | 354 M | 101 M | -172 M | -176 M | -171 M | -159 M | -111 M | -102 M | -74 M | -70 M | -67 M | -68 M | -67 M | -67 M | -65 M | -66 M | -64 M | -62 M | -65 M | -63 M | 2 M | -1 M | -43 M | -43 M | -45 M | -41 M | -41 M | -41 M | -41 M | -42 M | -43 M | -44 M | -43 M | -46 M | -46 M | -47 M | 205 M | -34 M | -21 M | 23 M | 92.8 M | -22.5 M | - | 23.7 M | 81 M | 23.7 M | 100 K | 27.9 M | 85.1 M | 27.9 M | 27.6 M | 28.1 M | 800 K | 28.1 M | 28.2 M | 17.8 M | 73.1 M | -500 K | -300 K | -200 K |
EBITDA |
938 M | 831 M | 826 M | 2.3 B | 813 M | 764 M | 719 M | 2.13 B | 705 M | 691 M | 595 M | 387 M | 687 M | 573 M | 558 M | 151 M | 151 M | 151 M | 152 M | 151 M | 156 M | 156 M | 164 M | 183 M | 179 M | 209 M | 158 M | -20 M | 64 M | 6 M | 65 M | 334 M | 289 M | 307 M | 309 M | 261 M | 314 M | 325 M | 299 M | 243 M | 295 M | 53 M | 61 M | -135 M | 60 M | 53 M | 51 M | -89.6 M | 48.2 M | 50.4 M | 50 M | -89.3 M | 54.1 M | 55.4 M | 54.8 M | -115 M | 64.7 M | 66 M | 63.3 M | -87 M | 52.3 M | 49.4 M | 46.8 M | 44.7 M | 40.2 M | 38.7 M | 42.1 M |
Operating Expenses |
826 M | 848 M | 750 M | 3.52 B | 873 M | 764 M | 825 M | 3.61 B | 924 M | 884 M | 970 M | 1.3 B | 828 M | 787 M | 773 M | 1.26 B | 1.19 B | 1.23 B | 1.24 B | 1.3 B | 1.31 B | 1.42 B | 1.35 B | -21 M | 1.31 B | 1.27 B | 1.33 B | 349 M | 310 M | 304 M | 279 M | 292 M | 331 M | 291 M | 268 M | 365 M | 256 M | 252 M | 277 M | 346 M | 273 M | 217 M | 329 M | 280 M | 220 M | 188 M | 195 M | 204 M | 203 M | 205 M | 208 M | 300 M | 202 M | 213 M | 198 M | 253 M | 242 M | 222 M | 223 M | 107 M | 281 M | 255 M | 255 M | 50.4 M | 245 M | 216 M | 212 M |
General and Administrative Expenses |
826 M | 848 M | 750 M | 968 M | 873 M | 764 M | 825 M | 790 M | 924 M | 884 M | 970 M | 925 M | 828 M | 787 M | 773 M | 759 M | 742 M | 744 M | 745 M | 795 M | 793 M | 891 M | 801 M | 831 M | 817 M | 855 M | 812 M | 349 M | 310 M | 349 M | 310 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company L3Harris Technologies (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.