L3Harris Technologies
Financial Performance
L3Harris Revenue & Financials
Revenue
$21.1B (FY2024)
Market Cap
$48.5B
Employees
50,000
What is L3Harris's revenue?
L3Harris had $21.1B in revenue for fiscal year 2024, up 8.9% from 2023.
- Latest revenue
- $21.1B (FY2024)
- Year-over-year
- +8.9%
- Growth rate (CAGR)
- 5.9% over 3 years
- Peak revenue
- $21.1B (FY2024)
- Years of data
- 4
- Employees
- 50,000
- How many employees does L3Harris have?
- L3Harris has about 50,000 employees.
Financial Analysis
L3Harris delivers strong, resilient financial performance marked by consistent mid-single-digit organic revenue growth, expanding operating margins under the "LHX NeXt" transformation program, and robust cash generation. In fiscal 2024, L3Harris generated revenue of $21.15 billion, up 9% organically, driven by surging Aerojet Rocketdyne propulsion deliveries, tactical radio replacements, and international electronic warfare upgrades. Adjusted segment operating margin reached 15.6%, reflecting disciplined procurement and lean manufacturing execution. Operating cash flow totaled $2.35 billion, and free cash flow reached $1.95 billion. L3Harris maintains an investment-grade balance sheet with net debt-to-EBITDA around 2.8x, dedicating cash flow to debt paydown while maintaining an unbroken 23-year record of annual dividend growth.
Revenue Trend Analysis
YoY Change
+8.9%
3-Year CAGR
+5.9%
Peak Year
2024
Trend
Mostly Growing
L3Harris Technologies has 4 full fiscal year figures on this page, compounding at +5.9% annually over 3 years. The most recent year saw a 8.9% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $21.1B. Of 3 comparable year-over-year steps, 2 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $21.1B | +8.9% |
| FY2023 | $19.4B | +13.8% |
| FY2022 | $17.1B | -4.2% |
| FY2021 | $17.8B | — |
Click any row to see year details.
Keep researching L3Harris
L3Harris Revenue and Financial FAQ
What was L3Harris Technologies's revenue in 2024?
L3Harris Technologies achieved $21.15 billion in revenue for fiscal year 2024.
Is L3Harris Technologies profitable?
L3Harris Technologies's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is L3Harris Technologies growing?
L3Harris Technologies has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does L3Harris Technologies fund its capital expenditures?
L3Harris Technologies funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is L3Harris Technologies's debt profile?
L3Harris Technologies maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does L3Harris Technologies reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "L3Harris Revenue & Financials." CorpDigest, https://corpdigest.com/company/l3harris/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>L3Harris reported $21.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/l3harris/financials" target="_blank" rel="noopener">CorpDigest — L3Harris financials</a></div>Explore L3Harris
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