L3Harris Technologies, Inc. (LHX) Income Statement
LHX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLHX revenue and net income
Where LHX's revenue goes
2025Each bar shows an amount and its share of revenue. LHX kept 7.3% of revenue as net income.
LHX profit margins
LHX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.5% | +8.6% | +3.7% | +18.9% |
| Gross profit | +1.8% | +4.5% | +1.2% | +14.0% |
| Operating income | +6.7% | +3.7% | −0.2% | +13.0% |
| Net income | +6.9% | +14.8% | +7.5% | +17.0% |
| EPS (diluted) | −18.0% | −5.8% | −1.5% | +7.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LHX quarterly EPS vs estimates
L3Harris beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $3.01).
LHX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.86B | $21.32B | $19.42B | $17.06B | $17.81B | $18.19B | $12.86B | $6.17B | $5.90B | $5.99B |
| Cost of revenue | $16.24B | $15.80B | $14.31B | $12.13B | $12.44B | $12.89B | $4.47B | $4.07B | $3.85B | $3.83B |
| Gross profit | $5.62B | $5.52B | $5.11B | $4.93B | $5.38B | $5.31B | $2.33B | $2.10B | $2.04B | $2.16B |
| Research & development | $536.0M | $515.0M | $480.0M | $603.0M | $692.0M | $684.0M | $658.0M | $311.0M | $310.0M | $305.0M |
| Sales, general & admin | $2.23B | $2.21B | $3.31B | $3.00B | $3.28B | $3.31B | $2.04B | $2.00B | $1.02B | $1.92B |
| Total operating expenses | $3.48B | $3.51B | $3.31B | $3.00B | $3.27B | $5.31B | $2.33B | $980.0M | $2.04B | $1.10B |
| Operating income | $2.15B | $2.02B | $1.80B | $1.93B | $2.11B | $2.17B | $1.09B | $1.12B | $893.0M | $1.05B |
| Interest income | $597.0M | $675.0M | $543.0M | $297.0M | $265.0M | $16.0M | $2.0M | $2.0M | $2.0M | $181.0M |
| Interest expense | $597.0M | $675.0M | $543.0M | $279.0M | $265.0M | $270.0M | $167.0M | $170.0M | $172.0M | $183.0M |
| Income before taxes | $1.93B | $1.60B | $1.22B | $1.27B | $2.28B | $1.32B | $1.11B | $908.0M | $889.0M | $884.0M |
| Income taxes | $326.0M | $85.0M | $23.0M | $212.0M | $440.0M | $234.0M | $160.0M | $206.0M | $261.0M | $273.0M |
| Net income | $1.61B | $1.50B | $1.23B | $1.06B | $1.85B | $1.12B | $1.33B | $699.0M | $543.0M | $324.0M |
| EBITDA | $3.75B | $3.56B | $2.93B | $2.49B | $3.52B | $2.61B | $894.0M | $1.34B | $1.37B | $1.43B |
| EPS (diluted) | $10.75 | $13.11 | $12.37 | $12.88 | $12.95 | $11.61 | $9.96 | $7.19 | $5.71 | $5.71 |
| Gross margin | 25.7% | 25.9% | 26.3% | 28.9% | 30.2% | 29.2% | 18.2% | 34.1% | 34.6% | 36.0% |
| Operating margin | 9.8% | 9.4% | 9.3% | 11.3% | 11.8% | 11.9% | 8.5% | 18.2% | 15.1% | 17.6% |
| Net margin | 7.3% | 7.0% | 6.3% | 6.2% | 10.4% | 6.2% | 10.4% | 11.3% | 9.2% | 5.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.88B | $5.74B | $5.65B | $5.66B | $5.43B | $5.13B | $5.52B | $5.29B | $5.30B | $5.21B | $5.34B | $4.92B |
| Cost of revenue | $4.38B | $4.34B | $4.20B | $4.17B | $4.09B | $3.78B | $4.13B | $3.87B | $3.94B | $3.86B | $3.94B | $3.61B |
| Gross profit | $1.50B | $1.40B | $1.45B | $1.49B | $1.33B | $1.35B | $1.40B | $1.42B | $1.36B | $1.35B | $1.41B | $1.31B |
| Research & development | $160.0M | $146.0M | $155.0M | $137.0M | $132.0M | $111.0M | $142.0M | $135.0M | $124.0M | $114.0M | $124.0M | — |
| Sales, general & admin | $848.0M | $455.0M | $739.0M | $549.0M | $442.0M | $508.0M | $1.07B | $541.0M | $521.0M | $619.0M | $579.0M | $828.0M |
| Total operating expenses | $848.0M | $760.0M | $1.07B | $863.0M | $751.0M | $796.0M | $669.0M | $924.0M | $884.0M | $970.0M | $704.0M | $828.0M |
| Operating income | $654.0M | $642.0M | $376.0M | $631.0M | $584.0M | $554.0M | $728.0M | $495.0M | $476.0M | $378.0M | $701.0M | $479.0M |
| Interest income | — | — | $143.0M | $152.0M | $152.0M | $150.0M | $161.0M | $166.0M | — | — | — | $159.0M |
| Interest expense | $129.0M | $136.0M | $143.0M | $152.0M | $152.0M | $150.0M | $161.0M | $166.0M | $172.0M | $176.0M | $171.0M | $159.0M |
| Income before taxes | $710.0M | $589.0M | $382.0M | $567.0M | $524.0M | $459.0M | $487.0M | $430.0M | $390.0M | $290.0M | $76.0M | $400.0M |
| Income taxes | $110.0M | $77.0M | $82.0M | $105.0M | $66.0M | $73.0M | $31.0M | $26.0M | $23.0M | $5.0M | −$50.0M | $18.0M |
| Net income | $600.0M | $512.0M | $300.0M | $462.0M | $458.0M | $386.0M | $453.0M | $400.0M | $366.0M | $283.0M | $158.0M | $383.0M |
| EBITDA | $839.0M | $1.01B | $836.0M | $1.03B | $979.0M | $910.0M | $974.0M | $920.0M | $881.0M | $786.0M | $597.0M | $869.0M |
| EPS (diluted) | $3.13 | $2.91 | $2.86 | $2.70 | $2.78 | $2.41 | $3.47 | $3.34 | $3.24 | $3.06 | $3.35 | $3.19 |
| Gross margin | 25.5% | 24.4% | 25.6% | 26.4% | 24.6% | 26.3% | 25.3% | 26.8% | 25.7% | 25.9% | 26.3% | 26.6% |
| Operating margin | 11.1% | 11.2% | 6.7% | 11.2% | 10.8% | 10.8% | 13.2% | 9.4% | 9.0% | 7.3% | 13.1% | 9.7% |
| Net margin | 10.2% | 8.9% | 5.3% | 8.2% | 8.4% | 7.5% | 8.2% | 7.6% | 6.9% | 5.4% | 3.0% | 7.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LHX's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LHX financial results
In fiscal year 2025 (ended December 31, 2025), L3Harris reported revenue of $21.9 billion, up 2.5% from the year before. It had net income of $1.6 billion (up 6.9%), a net profit margin of 7.3%. Diluted earnings per share came to $10.75. Over five years revenue grew at an average rate of 3.7% a year.
See the LHX stock overview for the latest quote and news, or the LHX chart for price history and technical indicators.
LHX income statement FAQ
What is L3Harris's annual revenue?
L3Harris reported total revenue of $21.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.5% from $21.3 billion the previous year.
Is L3Harris profitable?
Yes. L3Harris reported net income of $1.6 billion in fiscal 2025, a net profit margin of 7.3%; its operating margin was 9.8%.
What is L3Harris's gross margin?
L3Harris's gross margin was 25.7% in fiscal 2025: for every $100 of revenue, L3Harris kept $26 after the direct cost of its products and services.
How much does L3Harris spend on research and development?
L3Harris spent $536.0 million on research and development in fiscal 2025, 2.5% of revenue.
How fast is L3Harris growing?
Revenue grew 3.7% a year on average over the last five fiscal years, from $18.2 billion to $21.9 billion.
What are L3Harris's earnings per share?
L3Harris earned $10.75 per diluted share in fiscal 2025, compared with $13.11 a year earlier.
When will L3Harris report its next earnings?
L3Harris is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does L3Harris's fiscal year end?
L3Harris's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.