L3Harris Technologies Past Earnings Performance
Past criteria checks 3/6
L3Harris Technologies's earnings have been declining at an average annual rate of -1.4%, while the Aerospace & Defense industry saw earnings growing at 11.9% annually. Revenues have been growing at an average rate of 6.8% per year. L3Harris Technologies's return on equity is 6.1%, and it has net margins of 5.8%.
Key information
-1.4%
Earnings growth rate
-3.5%
EPS growth rate
| Aerospace & Defense Industry Growth | 13.2% |
| Revenue growth rate | 6.8% |
| Return on equity | 6.1% |
| Net Margin | 5.8% |
| Last Earnings Update | 29 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How L3Harris Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 29 Mar 24 | 20,159 | 1,173 | 2,843 | 0 |
| 29 Dec 23 | 19,419 | 1,227 | 2,753 | 0 |
| 29 Sep 23 | 18,657 | 1,485 | 2,549 | 0 |
| 30 Jun 23 | 17,988 | 802 | 2,488 | 0 |
| 31 Mar 23 | 17,430 | 924 | 2,425 | 0 |
| 30 Dec 22 | 17,062 | 1,062 | 2,403 | 0 |
| 30 Sep 22 | 16,834 | 1,130 | 3,031 | 0 |
| 01 Jul 22 | 16,817 | 1,911 | 3,031 | 0 |
| 01 Apr 22 | 17,350 | 1,853 | 3,222 | 0 |
| 31 Dec 21 | 17,814 | 1,847 | 3,280 | 0 |
| 01 Oct 21 | 18,124 | 1,556 | 2,750 | 0 |
| 02 Jul 21 | 18,358 | 1,502 | 2,856 | 0 |
| 02 Apr 21 | 18,135 | 1,372 | 2,774 | 0 |
| 01 Jan 21 | 18,194 | 1,121 | 3,315 | 0 |
| 02 Oct 20 | 24,036 | 1,633 | 3,724 | 0 |
| 03 Jul 20 | 24,004 | 1,635 | 3,567 | 0 |
| 03 Apr 20 | 21,424 | 1,622 | 3,118 | 0 |
| 03 Jan 20 | 18,526 | 1,646 | 2,684 | 0 |
| 27 Sep 19 | 9,690 | 1,165 | 1,397 | 0 |
| 28 Jun 19 | 6,801 | 951 | 991 | 0 |
| 29 Mar 19 | 6,611 | 910 | 1,096 | 0 |
| 28 Dec 18 | 6,445 | 864 | 1,089 | 0 |
| 28 Sep 18 | 6,300 | 750 | 958 | 0 |
| 29 Jun 18 | 6,168 | 700 | 946 | 0 |
| 30 Mar 18 | 6,049 | 657 | 995 | 0 |
| 29 Dec 17 | 5,976 | 623 | 1,003 | 0 |
| 29 Sep 17 | 5,890 | 656 | 997 | 0 |
| 30 Jun 17 | 5,897 | 627 | 928 | 0 |
| 31 Mar 17 | 5,891 | 613 | 966 | 0 |
| 30 Dec 16 | 5,952 | 608 | 966 | 0 |
| 30 Sep 16 | 5,702 | 608 | 855 | 0 |
| 01 Jul 16 | 5,992 | 609 | 1,099 | 0 |
| 01 Apr 16 | 5,994 | 412 | 909 | 0 |
| 01 Jan 16 | 5,631 | 379 | 881 | 0 |
| 02 Oct 15 | 5,638 | 355 | 941 | 0 |
| 03 Jul 15 | 3,885 | 286 | 748 | 0 |
| 03 Apr 15 | 4,877 | 525 | 807 | 0 |
| 02 Jan 15 | 4,958 | 536 | 791 | 0 |
| 26 Sep 14 | 4,975 | 534 | 807 | 0 |
| 27 Jun 14 | 5,012 | 536 | 820 | 0 |
| 28 Mar 14 | 5,042 | 469 | 846 | 0 |
| 27 Dec 13 | 4,978 | 457 | 845 | 0 |
| 27 Sep 13 | 5,042 | 460 | 853 | 0 |
| 28 Jun 13 | 5,112 | 463 | 843 | 0 |
Quality Earnings: L1HX34 has a large one-off loss of $680.0M impacting its last 12 months of financial results to 29th March, 2024.
Growing Profit Margin: L1HX34's current net profit margins (5.8%) are higher than last year (5.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: L1HX34's earnings have declined by 1.4% per year over the past 5 years.
Accelerating Growth: L1HX34's earnings growth over the past year (26.5%) exceeds its 5-year average (-1.4% per year).
Earnings vs Industry: L1HX34 earnings growth over the past year (26.5%) exceeded the Aerospace & Defense industry 15.9%.
Return on Equity
High ROE: L1HX34's Return on Equity (6.1%) is considered low.