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L3Harris Valuation Multiples
Discover revenue and EBITDA valuation multiples for L3Harris and similar public comparables like TransDigm, Thales, Larsen & Toubro, Barrick Mining and more.
L3Harris Overview
About L3Harris
In addition to its legacy software-defined radio franchise, L3Harris Technologies has through a series of acquisitions established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors. It also adapts civilian aircraft for military use and provides military and commercial training services, and maintains the US Federal Aviation Administration's communications infrastructure.
Founded
1926
HQ
Employees
45.0K
Website
Financials (LTM)
EV
$81B
L3Harris Financials
L3Harris reported last 12-month revenue of $22B and EBITDA of $4B.
In the same LTM period, L3Harris generated $5B in gross profit, $4B in EBITDA, and $2B in net income.
Revenue (LTM)
L3Harris P&L
In the most recent fiscal year, L3Harris reported revenue of $23B and EBITDA of $4B.
L3Harris expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $22B | XXX | $23B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | 25% | XXX | 24% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
L3Harris Stock Performance
L3Harris has current market cap of $71B, and enterprise value of $81B.
Market Cap Evolution
L3Harris' stock price is $378.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $81B | $71B | 0.0% | XXX | XXX | XXX | $11.81 |
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Start Free TrialL3Harris Valuation Multiples
L3Harris trades at 3.6x EV/Revenue multiple, and 20.6x EV/EBITDA.
EV / Revenue (LTM)
L3Harris Financial Valuation Multiples
As of March 12, 2026, L3Harris has market cap of $71B and EV of $81B.
Equity research analysts estimate L3Harris' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
L3Harris has a P/E ratio of 34.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $71B | XXX | $71B | XXX | XXX | XXX |
| EV (current) | $81B | XXX | $81B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 20.6x | XXX | 19.0x | XXX | XXX | XXX |
| EV/EBIT | 23.0x | XXX | 21.4x | XXX | XXX | XXX |
| EV/Gross Profit | 14.9x | XXX | 14.4x | XXX | XXX | XXX |
| P/E | 34.4x | XXX | 32.0x | XXX | XXX | XXX |
| EV/FCF | 28.3x | XXX | 26.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified L3Harris Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
L3Harris Margins & Growth Rates
L3Harris' revenue in the last 12 month grew by 7%.
L3Harris' revenue per employee in the last FY averaged $0.5M.
L3Harris' rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
L3Harris' rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
L3Harris Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 16% | XXX | 8% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
L3Harris Public Comps
See public comps and valuation multiples for other Defense Systems and Aircraft & Space Systems comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TransDigm | XXX | XXX | XXX | XXX | XXX | XXX |
| Thales | XXX | XXX | XXX | XXX | XXX | XXX |
| Larsen & Toubro | XXX | XXX | XXX | XXX | XXX | XXX |
| Barrick Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Rheinmetall | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
L3Harris M&A Activity
L3Harris acquired XXX companies to date.
Last acquisition by L3Harris was on XXXXXXXX, XXXXX. L3Harris acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by L3Harris
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialL3Harris Investment Activity
L3Harris invested in XXX companies to date.
L3Harris made its latest investment on XXXXXXXX, XXXXX. L3Harris invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by L3Harris
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout L3Harris
| When was L3Harris founded? | L3Harris was founded in 1926. |
| Where is L3Harris headquartered? | L3Harris is headquartered in United States. |
| How many employees does L3Harris have? | As of today, L3Harris has over 45K employees. |
| Who is the CEO of L3Harris? | L3Harris' CEO is Christopher E. Kubasik. |
| Is L3Harris publicly listed? | Yes, L3Harris is a public company listed on NYSE. |
| What is the stock symbol of L3Harris? | L3Harris trades under LHX ticker. |
| When did L3Harris go public? | L3Harris went public in 1955. |
| Who are competitors of L3Harris? | L3Harris main competitors are TransDigm, Thales, Larsen & Toubro, Barrick Mining. |
| What is the current market cap of L3Harris? | L3Harris' current market cap is $71B. |
| What is the current revenue of L3Harris? | L3Harris' last 12 months revenue is $22B. |
| What is the current revenue growth of L3Harris? | L3Harris revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of L3Harris? | Current revenue multiple of L3Harris is 3.6x. |
| Is L3Harris profitable? | Yes, L3Harris is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of L3Harris? | L3Harris' last 12 months EBITDA is $4B. |
| What is L3Harris' EBITDA margin? | L3Harris' last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of L3Harris? | Current EBITDA multiple of L3Harris is 20.6x. |
| What is the current FCF of L3Harris? | L3Harris' last 12 months FCF is $3B. |
| What is L3Harris' FCF margin? | L3Harris' last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of L3Harris? | Current FCF multiple of L3Harris is 28.3x. |
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