L3Harris Technologies, Inc. (LHX) — Free Cash Flow Yield
Industrials
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, such as helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.
| Metric | Value |
|---|---|
| FCF Yield | 4.9% |
| Industrials Sector Avg FCF Yield | 3.8% |
| Annual Free Cash Flow | $2.7B |
| Market Cap | $54.3B |
| P/E Ratio | 29.5x |
L3Harris Technologies, Inc.'s FCF yield of 4.9% is above the Industrials sector average (3.8%).
Frequently Asked Questions
What is L3Harris Technologies, Inc.'s (LHX) free cash flow yield?
L3Harris Technologies, Inc.'s (LHX) free cash flow yield is 4.9%. That is above the Industrials sector average (3.8%).
Is LHX's free cash flow yield good?
At 4.9%, LHX's free cash flow yield is considered fair — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does L3Harris Technologies, Inc. generate?
L3Harris Technologies, Inc. generated $2.7B in free cash flow, against a market cap of $54.3B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →