L3Harris Technologies, Inc.

LHXNYSEIndustrials● Active

$307.83

$-0.70(-0.23%)

Market Cap$57.3B

P/E Ratio—

52W High$379.23

52W Low$237.56

Avg Volume1.4M

Open$309.98

Beta0.75

Overview

L3Harris Technologies, Inc. (LHX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LHX · free cash flow · updated Jun 8, 2026

Core FCF metrics

LHX · FCF · TTM · margin & CAGR

Free cash flow was $2.68B for FY2026 (fiscal year ending 2026-01-02), up 24.7% year-over-year The FCF margin was 12.3%. Five-year CAGR stands at +2.1%.

FY2026 Free Cash Flow$2.68B▲ +24.7% YoY

Trailing 12M (TTM)$2.59Btrailing 4 quarters sum

FCF Margin12.3%$2.68B ÷ revenue

3-Year CAGR+12.1%FY2023 → FY2026

5-Year CAGR+2.1%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LHX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$3.11B(424M)$2.68B▲ +24.7%12.3%

FY2025$2.56B(408M)$2.15B▲ +30.6%10.1%

FY2023$2.10B(449M)$1.65B▼ 13.6%8.5%

FY2022$2.16B(252M)$1.91B▼ 18.7%11.2%

FY2021$2.69B(342M)$2.35B▼ 3.2%13.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LHX · P/FCF · FCF yield · FCF per share

L3Harris Technologies, Inc. (LHX) trades at a FCF yield of 4.51% and a price-to-free-cash-flow ratio of 22.3x. FCF per share stands at $13.82, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.51%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$13.82

TTM FCF ÷ Shares Outstanding

Price / FCF

x22.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x22.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-02

Cash flow statement summary

LHX · cash flow statement · operating / investing / financing

For FY2026, L3Harris Technologies, Inc. generated $3.11B in operating cash flow and spent 424M in capital expenditures, yielding $2.68B in free cash flow.

Operating Activities

+$3.11B

Cash from core business operations

2026-01-02

Investing Activities

+$407.0M

CapEx, acquisitions & investments

2026-01-02

Financing Activities

−$3.08B

Buybacks, dividends & debt

2026-01-02

FCF FormulaOperating CF ($3.11B) − |CapEx| (424M) = FCF ($2.68B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

LHX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

L3Harris Technologies, Inc.YOU

LHX

$2.68B+24.7%12.3%

26%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

L3Harris Technologies, Inc. (LHX) reported free cash flow of $2.68B for FY2026 (fiscal year ending 2026-01-02), up 24.7% year-over-year. The FCF margin was 12.3%.

Based on available data, L3Harris Technologies, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $2.68B in FY2026. The 5-year CAGR stands at +2.1%.

L3Harris Technologies, Inc.'s FCF yield is 4.51% and price-to-FCF ratio is 22.3x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LHX free cash flow · 8 questions

L3Harris Technologies, Inc. free cash flow was $2.68B for FY2026, up 24.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.59B.

LHX free cash flowLHX FCFLHX FCF 2026LHX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · L3Harris Technologies, Inc. · L3Harris Technologies, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026