LHX L3Harris Technologies, Inc. Common Stock
NYSE · Aerospace & Defense · View on SEC EDGAR ↗ 10-K/10-Q Jul 30, 2026LHX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| May 11, 2009 | 779-for-736 | Forward |
| March 31, 2005 | 2-for-1 | Forward |
| Sept. 29, 1997 | 2-for-1 | Forward |
About L3Harris Technologies, Inc. Common Stock Company overview from Wikipedia
L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces products for command and control systems, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, intelligence, surveillance and reconnaissance (C3ISR) systems and products, ocean systems, instrumentation, navigation products, training devices and services, and both terrestrial/spaceborne antennas for use in the government, defense, and commercial sectors.
The company was formed from the merger of L3 Technologies and Harris Corporation on June 29, 2019, which made it the sixth-largest defense contractor in the United States.
History
L3 Technologies and Harris Corporation
The "Harris Automatic Press Company" was founded by Alfred S. Harris in Niles, Ohio, in 1895. The company spent the next 60 years developing lithographic processes and printing presses before acquiring typesetting company Intertype Corporation. In 1967, they merged with Radiation, Inc. of Melbourne, Florida, a developer of antenna, integrated circuit, and modem technology used in the space race. The company headquarters was moved from Cleveland to Melbourne in 1978. In May 2015, Harris finalized the purchase of competitor Exelis Inc., almost doubling the size of the original company.
L-3 Communications was formed in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merged three years before in 1993. The company was founded by, and named for, Frank Lanza and Robert LaPenta in partnership with Lehman Brothers. Lanza and LaPenta had both served as executives at Loral and Lockheed. The company continued to expand through mergers and acquisitions to become one of the top ten U.S. government contractors. At the end of 2016, the company changed its name from L-3 Communications Holdings, Inc. to L3 Technologies, Inc. to better reflect the company's wider focus since its founding in 1997.
Between 1999 and August 2021, L3Harris and predecessors spent $131.9 million lobbying for radio procurement for ICE and CBP ($20,000), the Intelligence Authorization Act, the National Defense Authorization Act, and Defense appropriations ($1,510,000), DHS fund appropriations for unmanned vehicles ($430,000), and night vision systems research ($20,000).
In 2008, 72 Iraqi civilians sued L3 Services for human rights violations they had endured at Abu Ghraib and other prisons in Iraq, including "torture; cruel, inhuman, or degrading treatment; war crimes; assault and battery; sexual assault and battery; intentional infliction of emotional distress; negligent hiring and supervision; and negligent infliction of emotional distress." A settlement was reached on October 10, 2012, which was the "first positive resolution to a U.S. civil case challenging detainee treatment outside the United States in the larger 'war on terror' context".
In 2012, L3 subsidiary KDI Precision Products participated in the sale of 11,500 JDAM bomb fuzes to Israel, part of a $647 million contract deal. These were among the weapons used by the IDF in the 2014 Gaza War; the U.N. High Commissioner for Human Rights highlighted the IDF's weapons usages, which included attacks on densely populated civilian areas, as constituting potential war crimes.
Post-merger
In October 2018, Harris and L3 announced an all-stock "merger of equals". As part of that deal, Harris was required to sell its night vision division. The reasoning was that a merger of Harris and L3's night vision departments would create an effective monopoly on the night vision industry. The merger was completed in June 2019. The new company, L3Harris Technologies, Inc., is based in Melbourne, Florida, where Harris was headquartered. The new company was led by former Harris CEO William M. Brown as the Chairman and CEO, with former L3 CEO as the President and COO. In June 2021, Brown turned over the role of CEO to Chris Kubasik, retaining the title of Executive Chair, and Kubasik adding the title of Vice Chair.
Between 2006 and July 2021, L3Harris was awarded 136 U.S. Customs and Border Protection and Immigration and Customs Enforcement contracts totalling $308.2 million, "as well as six blanket purchase orders potentially worth up to $6 billion".
In 2018, L3Harris acquired two Australian zero-day exploit development companies, Azimuth Security and Linchpin Labs, which were merged as Trenchant. The two companies are reportedly suppliers of zero-day exploits for the Five Eyes and the Federal Bureau of Investigation.
In 2019, L3Harris paid $13 million to settle allegations that Harris, before the merger, violated Arms Export Control Act and International Traffic in Arms Regulations regulations. According to a proposed charging letter Harris Corporation violated AECA (22U.S.C.2751 et seq.) and ITAR (22 CFR parts 120–131) for a total of 131 separate violations.
In January 2022, L3Harris reorganized its business structure, eliminating the Aviation Systems business segment and distributing its divisions between the remaining three Integrated Mission Systems, Space & Airborne Systems, and Communications Systems segments.
In June 2022, Chris Kubasik succeeded as the Chair following Bill Brown's retirement. That same month it was reported to have held talks to purchase the Israeli company NSO, which builds Pegasus spyware. White House officials heard of the talks and voiced opposition, resulting in L3Harris discontinuing its plans.
In December 2022, L3Harris agreed to buy Aerojet Rocketdyne Holdings for $4.7 billion in cash. The acquisition was completed on 28 July 2023.
In October 2025, Israel entered into a memorandum of understanding with L3Harris to facilitate the acquisition of new light attack aircraft intended for border defense, aimed at developing the Israeli Sky Warden variant.
In January 2026, L3Harris agreed to sell a majority stake in the Aerojet Rocketdyne "Space Propulsion and Power Systems" sector to AE Industrial Partners, who will spin off the business under the name "Rocketdyne". The deal includes the RL10 upper stage engine used on the Vulcan rocket, but not the RS-25 engine used by the Space Launch System. The remaining Missile Solutions business is planned to undergo an IPO as a new company, with L3Harris retaining controlling ownership and the US Government investing $1 billion. Both transactions are expected to be completed in the second half of 2026.
In June 2026, during the Eurosatory defence exhibition in Paris, Baykar subsidiary Skydagger signed a memorandum of understanding (MoU) with L3Harris Technologies for the integration of its interceptor drone technologies, including the Hunter variant, into L3Harris’s VAMPIRE counter-unmanned aerial system (C-UAS) platform.
Business organization
As of 2026, L3Harris is organized under three business segments: Space & Mission Systems, Communications and Spectrum Dominance, and Missile Solutions. It is led by a 13-member board of directors, including Chairman Lewis Hay III and board member and CEO Sam Mehta, following the departure of former Chair and CEO Chris Kubasik.
Space and Mission Systems
Space and Mission Systems specializes in space mission, payloads, and sensors for satellite navigation, ISR, weather, and missile defense; ground systems for space command and control and tracking; optical and wireless networking for situational awareness and air traffic management; defense avionics; and electronic warfare countermeasures; intelligence, surveillance, and reconnaissance (ISR) and signals intelligence systems; electrical and electronic systems for maritime use; electro-optical systems including infrared, laser imaging, and targeting systems; defense aviation systems including weapons systems and unmanned aerial vehicles or UAVs (commonly known as drones), and commercial aviation services including the L3Harris Airline Academy. It comprises divisions including some of those formerly in the Aviation Systems segment and Wescam.
In November 2023, L3Harris announced that it would sell its Commercial Aviation Solutions business to The Jordan Company for up to $800 million. The sale was completed in March 2025, and the business was renamed Acron Aviation.
Communications & Spectrum Dominance
Communications & Spectrum Dominance specializes in tactical communications, broadband communications, night vision (inherited from L3 Technologies, unrelated to night vision developed by Harris, ITT, or Exelis), and public safety.
Missile Solutions
Missile Solutions consists of the "Missile Systems" segment acquired from Aerojet Rocketdyne, plus the RS-25 engine product line. L3Harris agreed to sell the "Space Propulsion and Power Systems" segment of Aerojet Rocketdyne to AE Industrial Partners in 2026, who will spin it off under the business under the name "Rocketdyne". The remaining Missile Solutions segment will be spun off as a new company in the second half of 2026 via an IPO, with L3Harris retaining controlling ownership and the US Government investing $1 billion.
Products
AVCATT, a mobile aviation training simulator
StingRay and Hailstorm phone trackers
OpenSky wireless communication system
TCAS, FDR & CVR products of the Aviation Communication & Surveillance Systems product line, serviced and managed by OEMServices Divested in 2025 with the Commercial Aviation Solutions business; now part of Acron Aviation.
hC2 L3Harris Command and Control Battle Management Software Suite—former "Harris Command and Control"
Integrated Core Processor, main aircraft computer in F-35 Lightning II and in C-130J Super Hercules
GPNVG-18, a night vision device that utilises four night vision tubes to give the user a wider field of view
AN/PVS-31A BNVD and 1531 BNVD. Binocular articulating night vision devices - standard issue goggle for US SOCOM.
Azimuth, technology enabling access to data from locked mobile phones. L3Harris acquired Azimuth in 2018 through an acquisition of Australian company Azimuth Security.
Red Wolf and Green Wolf Missiles, kinetic strike missile and electronic warfare/intelligence missile, respectively
L3Harris AEWC using Gulfstream G550 as AERIS A or Bombardier Global 6500 as AERIS X
Controversies and legal issues
L3Harris has faced several allegations and settlements related to financial misconduct and employment practices. These include allegations of violating the False Claims Act through double billing on Department of Defense contracts and overcharging for parts. Additionally, the company has been involved in ERISA lawsuits related to excessive 401(k) fees. There have also been claims of discriminatory practices, including allegations of wrongful termination due to PTSD. Furthermore, L3Harris has settled export violation charges with the Department of State.
False Claims Act violations
L3Harris has been accused of violating the False Claims Act by double-billing the Department of Defense (DoD) for parts and materials. For example, while performing contracted work between 2006 and 2014, they allegedly knowingly billed the DoD for nuts, bolts, and other parts both as part of a material additive factor and as individual parts, resulting in overcharging.
L3Harris has paid significant sums to settle these allegations. In 2023, they also settled for $21.8 million regarding the double-billing allegations, and in 2025, they agreed to pay $62 million to settle allegations related to false statements and violations of the Truth in Negotiations Act.
Employee Retirement Income Security Act lawsuit
In 2022, eight former employees filed a class action lawsuit against L3Harris for allegedly violating the Employee Retirement Income Security Act (ERISA) by charging excessive record keeping and administrative fees in their 401(k) plans, as well as failing to monitor investment options. In 2024, the company settled the lawsuit for $650,000.
Wrongful Termination lawsuit
In 2020, a former employee sued L3Harris, alleging that he was wrongfully terminated due to his PTSD. After an initial summary judgement in L3Harris' favor, the Ninth Circuit Court of Appeals reinstated the lawsuit, stating a reasonable jury could find that the employee's PTSD was a factor in his termination.
Retaliation claim lawsuit
In 2024, another employee sued L3Harris over claims that he was terminated for reporting potential misconduct by another employee, potentially violating the National Defense Authorization Act and the False Claims Act. The case was later settled.
Export violations
In 2019, L3Harris agreed to settle with the US Department of State over 131 alleged violations of the International Traffic in Arms Regulations (ITAR) and the Arms Export Control Act (AECA), and were ordered to pay $13 million.
Spyware controversy
L3Harris has been involved in the development of surveillance technology, specifically the "Stingray" device, which has raised privacy concerns and been criticized for its use by law enforcement.
In 2025, an iPhone hacking toolkit internally named "Coruna" was found to be used by Russian government-affiliated hacking groups to target Ukraine and also by Chinese cybercriminals in for-profit malware attacks. Later in 2026, this hacking toolkit was confirmed to have been, at least in part, developed by L3Harris' hacking and surveillance technology division, Trenchant.
Layoffs
In April 2024, L3Harris announced a 5% reduction in its global workforce, impacting employees across various locations and departments. This workforce reduction is expected to affect hundreds of jobs in Palm Bay and other locations where the company operates. Additionally, in February 2025, L3Harris announced layoffs affecting 179 employees at its Rockwall facility in Texas, primarily due to the conclusion of the JAVA MAN program, an aerial intelligence, surveillance, and reconnaissance program. The company noted that the majority of these affected employees resided out of state and worked remotely overseas.
L3Harris Technologies in early 2025 had additional layoffs, primarily as part of a cost-cutting measure and company restructuring effort known as LHX NeXt. This initiative aims to streamline operations and achieve $1 billion in cost savings over the next three years.
While L3Harris has not publicly disclosed the exact number of individuals impacted by the layoffs, it's evident that these workforce reductions are part of a broader trend of operational adjustments in the defense and technology sectors, driven by economic pressures and the need for agility and financial stability. L3Harris is also addressing challenges in its satellite supply chain, which has faced issues with late deliveries from a key supplier. The company has responded by shifting to a new supplier to ensure timely deliveries.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LHX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 22.45Y avg ≈31.3 | ≈31.3 | 44.0 | Undervalued | |
| P/S (TTM) | 1.25Y avg ≈2.0 | ≈2.0 | 6.7 | Undervalued | |
| P/B (MRQ) | 2.45Y avg ≈2.3 | ≈2.3 | 13.4 | Undervalued | |
| EV / EBITDA | 17.05Y avg ≈16.6 | ≈16.6 | 19.9 | Fair value | |
| Price / FCF (TTM) | 18.65Y avg ≈20.5 | ≈20.5 | · | · | |
| Price / Cash Flow (TTM) | 15.75Y avg ≈17.3 | ≈17.3 | 25.9 | Undervalued | |
| EV / Revenue | 1.55Y avg ≈2.4 | ≈2.4 | · | · | |
| EV / FCF | 21.25Y avg ≈24.8 | ≈24.8 | · | · | |
| Price / Tangible Book (MRQ) | 3.5 | · | · | · | |
| PEG Ratio | ≈2.1 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LHX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 10.3%5Y avg ≈11.4% | ≈11.4% | 11.1% | In line | |
| EBITDA Margin (TTM) | 13.2%5Y avg ≈17.2% | ≈17.2% | 14.7% | In line | |
| Pretax Margin (TTM) | 9.7%5Y avg ≈8.5% | ≈8.5% | 13.7% | In line | |
| Net Profit Margin (TTM) | 5.4%5Y avg ≈7.5% | ≈7.5% | 11.1% | In line | |
| ROA (TTM) | 5.1%5Y avg ≈3.8% | ≈3.8% | 7.4% | Weak | |
| ROE (TTM) | 10.9%5Y avg ≈7.5% | ≈7.5% | 17.1% | Weak | |
| ROIC | 5.8%5Y avg ≈6.5% | ≈6.5% | 8.7% | Below avg |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LHX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.55Y avg ≈0.5 | ≈0.5 | 0.3 | High debt | |
| Current Ratio (MRQ) | 1.25Y avg ≈1.2 | ≈1.2 | 2.0 | Low liquidity | |
| Quick Ratio | 0.35Y avg ≈0.3 | ≈0.3 | 0.6 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.55Y avg ≈0.5 | ≈0.5 | 0.5 | In line |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LHX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 9.8%5Y avg ≈4.3% | ≈4.3% | · | · | |
| Revenue CAGR 3Y | 6.2% | · | · | · | |
| EPS YoY | 8.4%5Y avg ≈16.7% | ≈16.7% | · | · | |
| Net Income YoY | 6.9%5Y avg ≈13.5% | ≈13.5% | · | · | |
| EPS CAGR 3Y | 15.8%5Y avg ≈6.2% | ≈6.2% | · | · | |
| EPS CAGR 5Y | 10.4% | · | · | · | |
| Net Income CAGR 3Y | 14.8%5Y avg ≈3.8% | ≈3.8% | · | · | |
| Net Income CAGR 5Y | 7.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LHX | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue / Employee | ≈$473.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 4, 2026 | $1.25 | USD | ≈1.9% |
| Jun 5, 2026 | $1.25 | USD | ≈1.6% |
| Mar 6, 2026 | $1.25 | USD | ≈1.3% |
| Nov 17, 2025 | $1.20 | USD | ≈1.7% |
| Sep 5, 2025 | $1.20 | USD | ≈1.7% |
| Jun 3, 2025 | $1.20 | USD | ≈1.9% |
| Mar 10, 2025 | $1.20 | USD | ≈2.1% |
| Nov 18, 2024 | $1.16 | USD | ≈1.9% |
| Sep 6, 2024 | $1.16 | USD | ≈2.0% |
| Jun 4, 2024 | $1.16 | USD | ≈2.0% |
| Mar 7, 2024 | $1.16 | USD | ≈2.2% |
| Nov 16, 2023 | $1.14 | USD | ≈2.4% |
| Sep 1, 2023 | $1.14 | USD | ≈2.6% |
| Jun 1, 2023 | $1.14 | USD | ≈2.6% |
| Mar 9, 2023 | $1.14 | USD | ≈2.2% |
| Nov 17, 2022 | $1.12 | USD | ≈2.0% |
| Sep 1, 2022 | $1.12 | USD | ≈1.9% |
| Jun 2, 2022 | $1.12 | USD | ≈1.8% |
| Mar 10, 2022 | $1.12 | USD | ≈1.6% |
| Nov 18, 2021 | $1.02 | USD | ≈1.9% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 22, 2026 | $3.13 | $2.83 | 10.5% |
| March 31, 2026 | $2.72 | $2.57 | 5.9% | |
| Dec. 31, 2025 | $2.86 | $2.79 | 2.4% | |
| Sept. 30, 2025 | $2.70 | $2.60 | 3.8% | |
| June 30, 2025 | $2.78 | $2.52 | 10.3% | |
| March 31, 2025 | $2.41 | $2.34 | 3.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | $21.32B | $19.42B | $17.06B | $17.81B | $18.19B | $12.86B | $6.17B | $5.90B | $5.99B | $3.88B | |
| Cost of Revenue | · | $15.80B | $14.31B | $12.13B | $12.44B | $14.31B | $9.09B | $4.07B | $3.85B | $3.83B | $2.37B | |
| SG&A Expense | $3.43B | $3.57B | $3.31B | $3.00B | $3.28B | $3.31B | $2.54B | $1.18B | · | · | · | |
| Operating Expenses | · | · | · | · | · | · | · | $1.18B | $1.15B | $1.10B | $883M | |
| Operating Income | $2.11B | $1.92B | $1.43B | $1.13B | $2.11B | $2.16B | · | $1.12B | $1.07B | $1.05B | · | |
| Interest Expense | · | · | · | · | · | $270M | $217M | $170M | $172M | $183M | $130M | |
| Interest Income | · | · | · | · | · | $16M | $13M | $2M | $2M | $2M | $2M | |
| Other Non-op | $419M | $354M | $338M | $425M | $24M | $12M | · | $156M | $0 | $0 | $-108M | |
| Pretax Income | $1.93B | $1.60B | $1.22B | $1.27B | $2.28B | $1.32B | $1.49B | $908M | $889M | $884M | $396M | |
| Income Tax | $326M | $85M | $23M | $212M | $440M | $234M | $146M | $206M | $261M | $273M | $109M | |
| Net Income | $1.61B | $1.50B | $1.23B | $1.06B | $1.85B | $1.12B | $1.33B | $699M | $543M | $324M | $334M | |
| EPS (Basic) | $8.57 | $7.91 | $6.47 | $5.54 | $9.17 | $5.23 | $8.04 | $5.88 | $4.42 | $2.61 | $3.15 | |
| EPS (Diluted) | $8.53 | $7.87 | $6.44 | $5.49 | $9.09 | $5.19 | $7.89 | $5.76 | $4.36 | $2.59 | $3.11 | |
| Shares (Basic) | 187,400,000 | 189,800,000 | 189,600,000 | 191,800,000 | 201,300,000 | 214,000,000 | 166,000,000 | 118,600,000 | 122,600,000 | 123,800,000 | 105,700,000 | |
| Shares (Diluted) | 188,400,000 | 190,700,000 | 190,600,000 | 193,500,000 | 203,200,000 | 215,900,000 | 169,000,000 | 121,100,000 | 124,300,000 | 125,000,000 | 106,800,000 | |
| EBITDA | $3.33B | $3.21B | $2.59B | $2.76B | $4.31B | $1.03B | · | $1.38B | $311M | $361M | $244M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.07B | $615M | $560M | $880M | $941M | $1.28B | $824M | $288M | $484M | $487M | $481M | |
| Receivables | $1.37B | $1.07B | $1.23B | $1.25B | $1.04B | $1.34B | $1.22B | $466M | $365M | $674M | $1.17B | |
| Inventory | $1.22B | $1.33B | $1.47B | $1.29B | $982M | $973M | $1.22B | $411M | $392M | $867M | $1.01B | |
| Other Current Assets | $484M | $461M | $430M | $298M | $272M | $246M | $392M | $103M | $101M | $124M | $165M | |
| Current Assets | $8.59B | $8.22B | $8.05B | $6.75B | $6.36B | $6.67B | $6.31B | $2.22B | $2.07B | $2.62B | $3.18B | |
| PP&E (Net) | · | · | · | · | · | $2.10B | $2.12B | $900M | $904M | $924M | $1.17B | |
| PP&E (Gross) | · | · | · | · | · | $3.87B | $3.64B | $2.18B | $2.07B | $1.93B | $2.31B | |
| Accum. Depreciation | · | · | · | · | · | $1.77B | $1.53B | $1.28B | $1.17B | $1.01B | $1.15B | |
| Goodwill | $20.01B | $20.32B | $19.98B | $17.28B | $18.19B | $18.88B | $20.00B | $5.37B | $5.37B | $5.35B | $5.41B | |
| Intangibles | $6.51B | $7.64B | $8.54B | $6.00B | $6.64B | $7.91B | $8.46B | $989M | $1.10B | $1.23B | $1.77B | |
| Other Non-current Assets | $3.34B | $2.89B | $2.16B | $1.31B | $566M | $522M | $509M | $247M | $242M | $252M | $154M | |
| Total Assets | $41.20B | $42.00B | $41.69B | $33.52B | $34.71B | $36.96B | $38.34B | $9.85B | $10.11B | $12.01B | $13.13B | |
| Accounts Payable | $2.46B | $2.00B | $2.11B | $1.95B | $1.77B | $1.41B | $1.26B | $622M | $540M | $494M | $581M | |
| Short-term Debt | $0 | $515M | $1.60B | $2M | $2M | $2M | $3M | $78M | $80M | $15M | $33M | |
| Current Liabilities | $7.23B | $7.63B | $8.00B | $5.78B | $4.55B | $4.24B | $4.01B | $1.85B | $1.97B | $1.98B | $2.27B | |
| Capital Leases | $653M | $650M | $705M | $741M | $768M | $734M | $781M | · | · | · | · | |
| Deferred Tax | $1.11B | $942M | $815M | $719M | $1.34B | $1.24B | $1.48B | $79M | $34M | $4M | $12M | |
| Other Non-current Liabilities | $2.78B | $2.77B | $2.88B | $2.18B | $1.06B | $1.06B | $808M | $522M | $534M | $506M | $443M | |
| Total Liabilities | $21.56B | $22.42B | $22.86B | $14.90B | · | · | · | · | · | · | · | |
| Long-term Debt | · | · | · | · | · | · | · | $3.71B | $3.95B | $4.11B | $5.17B | |
| Total Debt | $10.44B | $11.60B | $12.76B | $6.23B | $7.05B | $6.91B | · | $3.49B | $4.03B | $4.52B | $4.96B | |
| Common Stock | $187M | $190M | $190M | $191M | $194M | $208M | $218M | $118M | $120M | $125M | $124M | |
| Retained Earnings | $4.21B | $3.74B | $3.22B | $2.94B | $2.92B | $2.35B | $2.18B | $1.65B | $1.32B | $1.33B | $1.26B | |
| AOCI | $119M | $27M | $-198M | $-288M | $-146M | $-839M | $-508M | $-202M | $-276M | $-495M | $-16M | |
| Stockholders' Equity | $19.64B | $19.51B | $18.77B | $18.52B | $19.21B | $20.72B | $22.59B | $3.28B | $2.90B | $3.06B | $3.40B | |
| Liabilities + Equity | $41.20B | $42.00B | $41.69B | $33.52B | $34.71B | $36.96B | $38.34B | $9.85B | $10.11B | $12.01B | $13.13B | |
| Shares Outstanding | 186,844,093 | 189,794,911 | 189,808,581 | 190,611,458 | 193,511,401 | 208,230,353 | 218,226,614 | 118,280,120 | 119,628,884 | 124,643,407 | 123,675,756 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.22B | $1.29B | $1.17B | $938M | $967M | $1.03B | · | $259M | $311M | $361M | $244M | |
| Stock-based Comp | $113M | $97M | $89M | $109M | $129M | $94M | · | $51M | $42M | $39M | $37M | |
| Deferred Tax | $206M | $174M | $-421M | $-601M | $-110M | $-224M | · | $346M | $129M | $314M | $-14M | |
| Amort. of Intangibles | $770M | $853M | $779M | $605M | $627M | $729M | · | $117M | $126M | $129M | $29M | |
| Restructuring | · | · | · | · | · | $26M | · | · | $58M | $33M | · | |
| Other Non-cash | $-43M | $-503M | $35M | $650M | $-145M | $769M | · | $-653M | $-472M | $-85M | $267M | |
| Operating Cash Flow | $3.11B | $2.56B | $2.10B | $2.16B | $2.69B | $2.79B | · | $751M | $569M | $924M | $854M | |
| CapEx | $424M | $408M | $449M | $252M | $342M | $368M | · | $136M | $119M | $152M | $148M | |
| Investing Cash Flow | $407M | $-263M | $-7.02B | $-250M | $1.39B | $751M | · | $-141M | $870M | $-1M | $-3.28B | |
| Debt Issued | · | · | · | $0 | $6M | $901M | · | · | · | · | · | |
| Net Debt Issued | · | · | · | $-10M | · | · | · | · | · | · | · | |
| Stock Repurchased | $1.15B | $554M | $518M | $1.08B | $3.67B | $2.29B | · | $272M | $710M | $0 | $150M | |
| Net Stock Activity | $-1.15B | $-554M | $-518M | $-1.08B | $-3.67B | $-2.29B | · | $-272M | $-710M | $0 | $-166M | |
| Dividends Paid | $903M | $886M | $868M | $864M | $817M | $725M | · | $272M | $262M | $252M | $198M | |
| Financing Cash Flow | $-3.08B | $-2.22B | $4.59B | $-1.95B | $-4.41B | $-3.11B | · | $-805M | $-1.44B | $-893M | $2.37B | |
| Net Change in Cash | $454M | $55M | $-320M | $-61M | $-335M | $452M | · | $-196M | $-3M | $6M | $-80M | |
| Taxes Paid | $-55M | $102M | $715M | $309M | $358M | $394M | · | $-8M | $51M | · | · | |
| Free Cash Flow | $2.68B | $2.15B | $1.65B | $1.91B | $2.35B | $2.42B | · | $615M | $450M | $772M | $706M | |
| Levered FCF | · | · | · | · | · | $2.20B | · | $483M | $329M | $669M | $615M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | 9.0% | 7.3% | 10.7% | 18.8% | · | · | 18.1% | · | · | · | |
| Net Margin | · | 7.0% | 6.3% | 6.2% | 10.4% | 6.2% | · | 11.6% | 9.4% | 4.3% | 6.6% | |
| Pretax Margin | · | 7.5% | 6.3% | 7.5% | 12.8% | 7.3% | · | 15.0% | 15.3% | 8.2% | 9.4% | |
| EBITDA Margin | · | 15.0% | 13.4% | 16.2% | 24.2% | 5.7% | · | 22.3% | 5.3% | 4.8% | 4.8% | |
| ROA | 3.9% | 3.6% | 3.3% | 3.1% | 5.1% | 3.0% | · | 7.2% | 5.0% | 2.6% | 3.7% | |
| ROE | 8.2% | 7.8% | 6.6% | 5.6% | 9.2% | 5.2% | · | 22.4% | 18.5% | 10.0% | 12.8% | |
| ROIC | 5.8% | 5.8% | 4.4% | 6.2% | 10.3% | · | · | 12.8% | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.1 | 1.0 | 1.2 | 1.4 | 1.6 | · | 1.2 | 1.1 | 1.3 | 1.5 | |
| Quick Ratio | 0.3 | 0.2 | 0.2 | 0.4 | 0.4 | 0.6 | · | 0.6 | 0.6 | 0.7 | 0.7 | |
| Debt / Equity | 0.5 | 0.6 | 0.7 | 0.3 | 0.4 | 0.3 | · | 1.0 | 1.4 | 1.5 | 1.5 | |
| LT Debt / Equity | 0.5 | 0.6 | 0.6 | 0.3 | 0.4 | 0.3 | · | 1.0 | 1.2 | 1.3 | 1.5 | |
| Interest Coverage | · | · | · | · | · | · | · | 6.6 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | · | 0.6 | 0.5 | 0.6 | 0.6 | |
| Inventory Turnover | · | 11.3 | 10.4 | 10.7 | 12.7 | 11.8 | · | 6.0 | 4.5 | 5.2 | 4.1 | |
| Receivables Turnover | · | 18.5 | 15.7 | 14.9 | 14.9 | 14.2 | · | 11.2 | 9.1 | 7.1 | 5.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $105.09 | $102.82 | $98.86 | $97.18 | $99.29 | $99.52 | · | $28.09 | $24.48 | $24.52 | $27.47 | |
| Revenue / Share | · | $111.82 | $101.88 | $88.18 | $87.67 | $84.27 | · | $51.05 | $47.47 | $59.74 | $47.59 | |
| Cash Flow / Share | $16.49 | $13.42 | $11.00 | $11.15 | $13.22 | $12.92 | · | $6.20 | $4.58 | $7.39 | $8.00 | |
| Cash / Share | $5.72 | $3.24 | $2.95 | $4.62 | $4.86 | $6.13 | · | $2.43 | $4.05 | $3.91 | $3.89 | |
| Dividend Paid / Share | $4.80 | $4.64 | $4.56 | $4.48 | $4.08 | $3.40 | · | $2.28 | $2.12 | $2.00 | $1.88 | |
| EPS (TTM) | $8.53 | $7.87 | $6.44 | $5.49 | $9.09 | $5.19 | · | $5.76 | $4.36 | $2.59 | $3.11 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | · | 9.8% | 13.8% | -4.2% | -2.1% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | · | 6.2% | 2.2% | · | · | · | · | · | · | · | · | |
| EPS YoY | 8.4% | 22.2% | 17.3% | -39.6% | 75.1% | · | · | · | · | · | · | |
| EPS CAGR 3Y | 15.8% | -4.7% | 7.5% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 10.4% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 6.9% | 22.4% | 15.5% | -42.5% | 65.0% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 14.8% | -6.6% | 3.1% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 7.5% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 4.5% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $38.08B | $21.32B | $19.42B | $17.06B | $17.81B | $18.19B | · | $6.17B | $5.90B | $5.99B | $3.88B | |
| Net Income TTM | $1.61B | $1.50B | $1.23B | $1.06B | $1.85B | $1.12B | · | $699M | $543M | $324M | $334M | |
| Market Cap | $56.89B | $39.81B | $39.98B | $39.69B | $41.26B | $39.36B | · | $17.10B | $13.05B | $10.29B | $9.61B | |
| Enterprise Value | $66.26B | $50.79B | $52.18B | $45.03B | $47.37B | $44.99B | · | $20.29B | $16.60B | $14.32B | $14.09B | |
| P/E | 35.7 | 26.7 | 32.7 | 37.9 | 23.5 | 36.4 | · | 25.1 | 25.0 | 31.9 | 25.0 | |
| P/S | 1.5 | 1.9 | 2.1 | 2.3 | 2.3 | 2.2 | · | 2.8 | 2.2 | 1.7 | 2.5 | |
| P/B | 2.9 | 2.0 | 2.1 | 2.1 | 2.1 | 1.9 | · | 5.1 | 4.5 | 3.4 | 2.8 | |
| P / Cash Flow | 18.3 | 15.6 | 19.1 | 18.4 | 15.4 | 14.1 | · | 22.8 | 22.9 | 11.1 | 11.3 | |
| P / FCF | 21.2 | 18.5 | 24.3 | 20.8 | 17.6 | 16.3 | · | 27.8 | 29.0 | 13.3 | 13.6 | |
| EV / EBITDA | 19.9 | 15.8 | 20.1 | 16.3 | 11.0 | 43.6 | · | 14.7 | 53.4 | 39.7 | 57.7 | |
| EV / FCF | 24.7 | 23.6 | 31.7 | 23.6 | 20.2 | 18.6 | · | 33.0 | 36.9 | 18.6 | 20.0 | |
| EV / Revenue | 1.7 | 2.4 | 2.7 | 2.6 | 2.7 | 2.5 | · | 3.3 | 2.8 | 2.4 | 3.6 | |
| Dividend Yield | 1.6% | 2.2% | 2.2% | 2.2% | 2.0% | 1.8% | · | 1.6% | 2.0% | 2.5% | 2.1% | |
| Earnings Yield | 2.8% | 3.8% | 3.1% | 2.6% | 4.3% | 2.8% | · | 4.0% | 4.0% | 3.1% | 4.0% | |
| Payout Ratio | 56.2% | 59.0% | 70.7% | 81.4% | 44.3% | 64.8% | · | 37.9% | 47.4% | 77.8% | 59.3% | |
| Annual Payout | $903M | $886M | $868M | $864M | $817M | $725M | · | $272M | $262M | $252M | $198M |
Income Statement
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.88B | $5.74B | $21.86B | $5.66B | $5.43B | $5.13B | $7.25B | $5.29B | $5.30B | $5.21B | $5.34B | $4.92B | $4.69B | $4.47B | $4.58B | $4.25B | |
| Cost of Revenue | $4.38B | $4.34B | $16.24B | $4.17B | $4.09B | $3.78B | $5.38B | $3.87B | $3.94B | $3.86B | $3.92B | $3.61B | $3.51B | $3.31B | $3.32B | $3.05B | |
| SG&A Expense | $848M | $750M | $652M | $873M | $764M | $825M | $1.18B | $924M | $884M | $970M | $929M | $828M | $787M | $773M | $759M | $742M | |
| Operating Income | $654M | $652M | $2.11B | $621M | $571M | $525M | $646M | $495M | $476M | $378M | · | $479M | $400M | $393M | · | · | |
| Other Non-op | $185M | $73M | $419M | $98M | $105M | $84M | · | $101M | $86M | $88M | $93M | $80M | $83M | $82M | $112M | $99M | |
| Pretax Income | $710M | $589M | $1.93B | $567M | $524M | $459M | $452M | $430M | $390M | $290M | $76M | $400M | $372M | $373M | $533M | $-321M | |
| Income Tax | $110M | $77M | $272M | $105M | $66M | $73M | $12M | $26M | $23M | $5M | $-50M | $18M | $21M | $34M | $116M | $-20M | |
| Net Income | $600M | $512M | $557M | $462M | $458M | $386M | $433M | $400M | $366M | $283M | $158M | $383M | $349M | $337M | $416M | $-300M | |
| EPS (Basic) | $3.15 | $2.74 | $3.04 | $2.47 | $2.45 | $2.05 | $2.28 | $2.11 | $1.93 | $1.49 | $0.84 | $2.02 | $1.84 | $1.77 | $2.18 | $-1.56 | |
| EPS (Diluted) | $3.13 | $2.72 | $3.03 | $2.46 | $2.44 | $2.04 | $2.26 | $2.10 | $1.92 | $1.48 | $0.83 | $2.02 | $1.83 | $1.76 | $2.16 | $-1.56 | |
| Shares (Basic) | 186,200,000 | 186,800,000 | · | 187,100,000 | 187,000,000 | 188,500,000 | · | 189,600,000 | 189,700,000 | 189,800,000 | · | 189,300,000 | 189,200,000 | 190,200,000 | · | 191,300,000 | |
| Shares (Diluted) | 187,300,000 | 188,100,000 | · | 188,100,000 | 187,800,000 | 189,100,000 | · | 190,500,000 | 190,600,000 | 190,800,000 | · | 190,100,000 | 190,100,000 | 191,200,000 | · | 191,300,000 | |
| EBITDA | $942M | $934M | · | $930M | $874M | $826M | · | $495M | $476M | $481M | · | · | · | $85M | · | · |
Balance Sheet
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.52B | $590M | $1.07B | $339M | $482M | $517M | $615M | $539M | $547M | $477M | · | $499M | $366M | $545M | · | $529M | |
| Receivables | $1.95B | $1.91B | $1.37B | $1.53B | $1.44B | $1.50B | $1.07B | $1.04B | $1.23B | $1.21B | · | $1.38B | $1.38B | $1.23B | · | $1.14B | |
| Inventory | $1.27B | $1.23B | $1.22B | $1.29B | $1.26B | $1.25B | $1.33B | $1.40B | $1.43B | $1.48B | · | $1.64B | $1.55B | $1.54B | · | $1.34B | |
| Other Current Assets | $656M | $702M | $431M | $477M | $481M | $478M | $461M | $462M | $502M | $466M | · | $463M | $334M | $307M | · | $224M | |
| Current Assets | $10.08B | $8.89B | $8.59B | $7.59B | $7.61B | $7.60B | $8.22B | $8.30B | $8.05B | $8.27B | · | $7.50B | $6.85B | $7.00B | · | $6.43B | |
| Goodwill | $20.00B | $20.00B | $20.01B | $20.37B | $20.37B | $20.34B | $20.32B | $20.43B | $20.37B | $20.07B | $19.98B | $20.74B | $18.42B | $18.29B | $17.28B | $17.26B | |
| Intangibles | $6.54B | $6.33B | $6.51B | $7.07B | $7.26B | $7.45B | $7.64B | $7.87B | $8.08B | $8.34B | · | $9.05B | $6.40B | $6.69B | · | $6.15B | |
| Other Non-current Assets | $3.57B | $3.43B | $3.34B | $3.13B | $3.17B | $2.98B | $2.89B | $2.37B | $2.23B | $2.19B | · | $961M | $699M | $565M | · | $604M | |
| Total Assets | $42.94B | $41.38B | $41.20B | $41.01B | $41.24B | $41.25B | $42.00B | $41.89B | $41.66B | $41.82B | · | $42.29B | $35.36B | $35.51B | · | $33.38B | |
| Accounts Payable | $2.08B | $1.93B | $2.46B | $1.90B | $2.03B | $2.05B | $2.00B | $2.05B | $1.90B | $2.11B | · | $2.11B | $2.03B | $2.05B | · | $2.08B | |
| Short-term Debt | · | $350M | $0 | $725M | $985M | $535M | $515M | $1.18B | $2.10B | $2.20B | · | $2.03B | $582M | $2M | · | $2M | |
| Current Liabilities | $8.52B | $8.60B | $7.23B | $6.64B | $7.32B | $7.45B | $7.63B | $7.97B | $8.98B | $8.44B | · | $8.48B | $6.31B | $6.15B | · | $5.85B | |
| Capital Leases | · | · | $653M | · | · | · | $650M | · | · | · | · | $736M | $714M | $735M | · | $745M | |
| Deferred Tax | $1.37B | $1.23B | $1.11B | $1.04B | $800M | $842M | $942M | $885M | $443M | $683M | · | $812M | $452M | $570M | · | $876M | |
| Other Non-current Liabilities | $2.70B | $2.68B | $2.78B | $2.81B | $2.86B | $2.85B | $2.77B | $2.88B | $2.80B | $2.83B | · | $1.48B | $1.30B | $1.22B | · | $1.16B | |
| Total Liabilities | $22.09B | $21.70B | $21.56B | $21.48B | $21.96B | $22.12B | $22.42B | $22.83B | $22.75B | $23.09B | · | $23.58B | $16.83B | $17.10B | · | · | |
| Total Debt | $9.18B | $9.54B | · | $11.72B | $11.96B | $11.51B | · | $12.27B | $12.63B | $13.34B | · | $13.17B | $8.45B | $8.22B | · | $2M | |
| Common Stock | $186M | $187M | $187M | $187M | $187M | $188M | $190M | $190M | $190M | $189M | · | $189M | $189M | $189M | · | $191M | |
| Retained Earnings | $4.72B | $4.42B | $4.21B | $4.17B | $3.97B | $3.79B | $3.74B | $3.52B | $3.37B | $3.24B | · | $3.28B | $3.11B | $3.00B | · | $2.77B | |
| AOCI | $91M | $98M | $119M | $22M | $31M | $-14M | $27M | $-194M | $-234M | $-234M | · | $-321M | $-263M | $-288M | · | $-366M | |
| Stockholders' Equity | $19.88B | $19.68B | $19.64B | $19.53B | $19.28B | $19.13B | $19.51B | $19.00B | $18.84B | $18.67B | · | $18.62B | $18.43B | $18.31B | · | $18.34B | |
| Liabilities + Equity | $42.94B | $41.38B | $41.20B | $41.01B | $41.24B | $41.25B | $42.00B | $41.89B | $41.66B | $41.82B | · | $42.29B | $35.36B | $35.51B | · | $33.38B | |
| Shares Outstanding | 186,155,804 | 186,601,408 | 186,844,093 | 187,166,752 | 186,912,403 | 187,593,750 | 189,794,911 | 189,548,670 | 189,779,216 | 189,463,015 | · | 189,439,991 | 189,085,602 | 189,360,959 | · | 191,089,930 |
Cash Flow
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $288M | $282M | $261M | $309M | $303M | $301M | $473M | $324M | $319M | $320M | $896M | $310M | $421M | $85M | $695M | $81M | |
| Stock-based Comp | $28M | $21M | $37M | $35M | $29M | $19M | $30M | $23M | $27M | $26M | $22M | $22M | $22M | $23M | $17M | $23M | |
| Amort. of Intangibles | $177M | $174M | $128M | $192M | $193M | $194M | $307M | $210M | $215M | $217M | $233M | $208M | $173M | $165M | $151M | $151M | |
| Restructuring | · | · | · | · | · | · | · | · | $1M | $64M | · | · | · | · | · | · | |
| Other Non-cash | · | $-910M | · | · | · | $-748M | · | · | · | $-516M | · | · | · | $-95M | · | · | |
| Operating Cash Flow | $879M | $-95M | $1.68B | $546M | $640M | $-42M | $1.25B | $780M | $754M | $-104M | $789M | $543M | $414M | $350M | $782M | $588M | |
| CapEx | $108M | $99M | $134M | $119M | $88M | $59M | $96M | $78M | $97M | $115M | $137M | $148M | $93M | $71M | $71M | $64M | |
| Investing Cash Flow | $-114M | $-97M | $558M | $-129M | $-78M | $744M | $6.67B | $-93M | $58M | $-116M | $-83M | $-4.86B | $-26M | $-2.05B | $-62M | $-67M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Repurchased | $229M | $296M | $642M | $176M | $253M | $569M | $36M | $190M | $89M | $233M | $0 | $0 | $122M | $396M | $183M | $171M | |
| Net Stock Activity | · | $-296M | · | · | · | $-569M | · | · | · | $-233M | · | · | · | $-396M | · | · | |
| Dividends Paid | $232M | $238M | $238M | $225M | $225M | $228M | $234M | $220M | $221M | $224M | $216M | $216M | $216M | $220M | $214M | $215M | |
| Financing Cash Flow | $167M | $-284M | $-1.77B | $-560M | $-610M | $-805M | $-7.48B | $-709M | $-744M | $144M | $-660M | $4.46B | $-567M | $1.36B | $-385M | $-392M | |
| Net Change in Cash | $931M | $-479M | $475M | $-143M | $-35M | $-98M | $436M | $-8M | $70M | $-83M | $61M | $133M | $-179M | $-335M | $351M | $109M | |
| Free Cash Flow | · | $-194M | · | · | · | $-101M | · | · | · | $-219M | · | · | · | $279M | · | · |
Profitability
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.1% | 11.3% | · | 11.0% | 10.5% | 10.2% | · | 9.3% | 9.0% | 7.2% | · | · | · | · | · | · | |
| Net Margin | 10.2% | 8.9% | · | 8.2% | 8.4% | 7.5% | · | 7.6% | 6.9% | 5.4% | · | 7.8% | 7.4% | 7.5% | · | -7.1% | |
| Pretax Margin | 12.1% | 10.2% | · | 10.0% | 9.7% | 8.9% | · | 8.1% | 7.4% | 5.6% | · | 8.1% | 7.9% | 8.3% | · | -7.6% | |
| EBITDA Margin | 16.0% | 16.3% | · | 16.4% | 16.1% | 16.1% | · | 9.3% | 9.0% | 9.2% | · | · | · | 1.9% | · | · | |
| ROA | 1.4% | 1.2% | · | 1.1% | 1.1% | 0.93% | · | 0.95% | 0.95% | 0.73% | · | 1.0% | 1.0% | 0.96% | · | -0.88% | |
| ROE | 3.1% | 2.6% | · | 2.4% | 2.4% | 2.0% | · | 2.1% | 2.0% | 1.5% | · | 2.1% | 1.9% | 1.8% | · | -1.6% | |
| ROIC | 1.9% | 1.9% | · | 1.6% | 1.6% | 1.4% | · | 1.5% | 1.4% | 1.2% | · | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.0 | · | 1.1 | 1.0 | 1.0 | · | 1.0 | 0.9 | 1.0 | · | 0.9 | 1.1 | 1.1 | · | 1.1 | |
| Quick Ratio | 0.4 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.3 | 0.3 | · | 0.3 | |
| Debt / Equity | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.7 | 0.7 | · | 0.7 | 0.5 | 0.4 | · | 0.0 | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.6 | 0.4 | 0.4 | · | · |
Efficiency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 3.5 | 3.5 | · | 3.1 | 3.0 | 2.8 | · | 2.6 | 2.6 | 2.6 | · | 2.4 | 2.5 | 2.5 | · | 2.6 | |
| Receivables Turnover | 3.5 | 3.4 | · | 4.4 | 4.1 | 3.8 | · | 4.4 | 4.1 | 4.3 | · | 3.9 | 3.6 | 3.6 | · | 3.9 |
Per Share
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $106.80 | $105.47 | · | $104.36 | $103.14 | $101.98 | · | $100.23 | $99.27 | $98.52 | · | $98.27 | $97.46 | $96.67 | · | $95.96 | |
| Revenue / Share | $31.40 | $30.54 | · | $30.09 | $28.89 | $27.14 | · | $27.78 | $27.80 | $27.31 | · | $25.85 | $24.69 | $23.38 | · | $22.20 | |
| Cash Flow / Share | · | $-0.51 | · | · | · | $-0.22 | · | · | · | $-0.55 | · | · | · | $1.83 | · | · | |
| Cash / Share | $8.17 | $3.16 | · | $1.81 | $2.58 | $2.76 | · | $2.84 | $2.88 | $2.52 | · | $2.63 | $1.94 | $2.88 | · | $2.77 | |
| Dividend Paid / Share | $1.25 | $1.25 | $1.32 | $1.20 | $1.20 | $1.20 | $1.22 | $1.16 | $1.16 | $1.16 | $1.14 | $1.14 | $1.14 | $1.14 | $1.12 | $1.12 | |
| EPS (TTM) | $11.34 | $10.65 | · | $9.20 | $8.84 | $8.32 | · | $6.33 | $6.25 | $6.16 | · | $7.77 | $4.19 | $4.78 | · | $7.14 |
Valuation (TTM)
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $39.15B | $38.69B | · | $23.46B | $23.10B | $22.97B | · | $21.14B | $20.77B | $20.16B | · | $18.66B | $17.99B | $17.43B | · | $16.44B | |
| Net Income TTM | $2.13B | $1.99B | · | $1.74B | $1.68B | $1.58B | · | $1.21B | $1.19B | $1.17B | · | $1.49B | $802M | $924M | · | $1.39B | |
| Market Cap | $56.23B | $66.43B | · | $55.66B | $46.16B | $38.97B | · | $44.54B | $42.62B | $40.37B | · | $32.99B | $37.02B | $37.16B | · | $39.71B | |
| Enterprise Value | $63.90B | $75.38B | · | $67.04B | $57.64B | $49.97B | · | $56.27B | $54.71B | $53.24B | · | $45.66B | $45.10B | $44.84B | · | $39.19B | |
| P/E | 26.6 | 33.4 | · | 32.3 | 27.9 | 25.0 | · | 37.1 | 35.9 | 34.6 | · | 22.4 | 46.7 | 41.1 | · | 29.1 | |
| P/S | 1.4 | 1.7 | · | 2.4 | 2.0 | 1.7 | · | 2.1 | 2.1 | 2.0 | · | 1.8 | 2.1 | 2.1 | · | 2.4 | |
| P/B | 2.8 | 3.4 | · | 2.8 | 2.4 | 2.0 | · | 2.3 | 2.3 | 2.2 | · | 1.8 | 2.0 | 2.0 | · | 2.2 | |
| P / Cash Flow | · | -699.3 | · | · | · | -927.9 | · | · | · | -388.2 | · | · | · | 106.2 | · | · | |
| EV / Revenue | 1.6 | 1.9 | · | 2.9 | 2.5 | 2.2 | · | 2.7 | 2.6 | 2.6 | · | 2.4 | 2.5 | 2.6 | · | 2.4 | |
| Dividend Yield | 1.7% | 1.4% | · | 1.6% | 2.0% | 2.3% | · | 2.0% | 2.1% | 2.2% | · | 2.6% | 2.3% | · | · | · | |
| Earnings Yield | 3.8% | 3.0% | · | 3.1% | 3.6% | 4.0% | · | 2.7% | 2.8% | 2.9% | · | 4.5% | 2.1% | 2.4% | · | 3.4% | |
| Payout Ratio | · | 46.5% | · | · | · | 59.1% | · | · | · | 79.1% | · | · | · | 65.3% | · | · | |
| Annual Payout | $933M | $926M | · | $912M | $907M | $903M | · | $881M | $877M | $872M | · | $866M | $865M | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-01-02 | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | · | $21.32B | $19.42B | $17.06B | $17.81B |
| Operating Margin % | · | 9.0% | 7.3% | 10.7% | 18.8% |
| Net Income | $1.61B | $1.50B | $1.23B | $1.06B | $1.85B |
| Diluted EPS | $8.53 | $7.87 | $6.44 | $5.49 | $9.09 |
| Metric | 2026-01-02 | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.6 | 0.7 | 0.3 | 0.4 |
| Current Ratio | 1.2 | 1.1 | 1.0 | 1.2 | 1.4 |
| Quick Ratio | 0.3 | 0.2 | 0.2 | 0.4 | 0.4 |
| Metric | 2026-01-02 | 2025-01-03 | 2023-12-29 | 2022-12-30 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $2.68B | $2.15B | $1.65B | $1.91B | $2.35B |
Institutional owners (13F) 1,797 filers · $53.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 134 (-136 vs prior Q) | 160 (+70 vs prior Q) | 709 (+126 vs prior Q) | 579 (-36 vs prior Q) | +2.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $6,872,710,317 | 23,410,806 | 12.93% | Shares |
| BlackRock, Inc. | $5,525,805,972 | 19,015,816 | 10.40% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $3,534,616,456 | 12,163,586 | 6.65% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,790,834,206 | 9,604,027 | 5.25% | Shares |
| STATE STREET CORP | $2,643,599,808 | 9,097,353 | 4.97% | Shares |
| Capital World Investors | $1,920,256,724 | 6,608,133 | 3.61% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,538,031,564 | 5,306,845 | 2.89% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,367,832,121 | 4,707,086 | 2.57% | Shares |
| WELLS FARGO & COMPANY/MN | $1,310,755,959 | 4,510,672 | 2.47% | Shares |
| MORGAN STANLEY | $1,055,126,164 | 3,630,976 | 1.99% | Shares |
| Boston Partners | $756,920,631 | 2,604,996 | 1.42% | Shares |
| Bank of New York Mellon Corp | $752,982,857 | 2,591,220 | 1.42% | Shares |
| Invesco Ltd. | $740,224,500 | 2,547,316 | 1.39% | Shares |
| GOLDMAN SACHS GROUP INC | $698,977,713 | 2,405,374 | 1.32% | Shares |
| AMERIPRISE FINANCIAL INC | $585,999,209 | 2,016,656 | 1.10% | Shares |
| BANK OF AMERICA CORP /DE/ | $565,297,019 | 1,945,342 | 1.06% | Shares |
| Clearbridge Investments, LLC | $538,763,224 | 1,854,032 | 1.01% | Shares |
| JPMORGAN CHASE & CO | $456,155,599 | 1,576,318 | 0.86% | Shares |
| NORTHERN TRUST CORP | $432,186,081 | 1,487,271 | 0.81% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $427,378,100 | 1,470,746 | 0.80% | Shares |
| FMR LLC | $396,894,652 | 1,365,824 | 0.75% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $381,752,398 | 1,313,720 | 0.72% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $374,773,052 | 1,289,697 | 0.71% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $361,810,413 | 1,245,089 | 0.68% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $340,945,634 | 1,165,051 | 0.64% | Shares |
| Legal & General Group Plc | $327,788,428 | 1,128,010 | 0.62% | Shares |
| ALLIANCEBERNSTEIN L.P. | $319,136,390 | 924,631 | 0.60% | Shares |
| TWO SIGMA INVESTMENTS, LP | $312,419,702 | 1,075,122 | 0.59% | Shares |
| D. E. Shaw & Co., Inc. | $306,456,795 | 1,054,602 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $303,975,157 | 1,046,062 | 0.57% | Shares |
| Artisan Partners Limited Partnership | $303,273,134 | 1,043,646 | 0.57% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $274,882,449 | 945,946 | 0.52% | Shares |
| RAYMOND JAMES FINANCIAL INC | $274,828,832 | 945,762 | 0.52% | Shares |
| UBS Group AG | $259,729,633 | 893,801 | 0.49% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $246,230,859 | 849,424 | 0.46% | Shares |
| FRANKLIN RESOURCES INC | $228,497,049 | 786,321 | 0.43% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $211,003,654 | 611,339 | 0.40% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $210,975,314 | 726,024 | 0.40% | Shares |
| Nuveen, LLC | $208,281,572 | 716,755 | 0.39% | Shares |
| CIBC Bancorp USA Inc. | $184,095,602 | 633,501 | 0.35% | Shares |
| AMERICAN CENTURY COMPANIES INC | $180,324,682 | 620,545 | 0.34% | Shares |
| ROYAL BANK OF CANADA | $174,818,000 | 601,597 | 0.33% | Shares |
| DEUTSCHE BANK AG\ | $174,005,582 | 598,801 | 0.33% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $171,208,073 | 589,174 | 0.32% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $170,104,121 | 585,375 | 0.32% | Shares |
| JANE STREET GROUP, LLC | $164,032,243 | 564,480 | 0.31% | Shares |
| Man Group plc | $163,811,395 | 563,720 | 0.31% | Shares |
| Qube Research & Technologies Ltd | $155,720,788 | 535,878 | 0.29% | Shares |
| Rockefeller Capital Management L.P. | $154,913,698 | 533,099 | 0.29% | Shares |
| Swiss National Bank | $153,091,239 | 526,829 | 0.29% | Shares |
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Harris Communications GmbH; IRS No. 143-144-30485**, L3Harris Technologies, Inc.; IRS No. 340276860 | July 15, 2022 | · | Initial filing | Passive investment | SEC |
| Harris Corporation ×2 filings | April 6, 2007 | · | Initial filing | · | SEC |
| Undisclosed reporting person | May 25, 2001 | · | Initial filing | M&A / sale | SEC |
| Undisclosed reporting person | Feb. 8, 2001 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 80 insiders · 49 officers · 29 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Samir Mehta | President and CEO | Sept. 1, 2026 A | 7,756 | 0 | 2 | $-3,687,163 |
| Christopher E Kubasik | Chairman and CEO | Feb. 26, 2026 A | 191,837 | 0 | 1 | $-4,266,180 |
| Howard L Lance | Chairman, President, and CEO | Aug. 26, 2011 F | 353,319 | 0 | 0 | $0 |
| Kenneth P Sharp | SVP, Chief Financial Officer | Aug. 3, 2026 A | · | 0 | 0 | $0 |
| Michelle L. Turner | SVP, Chief Financial Officer | Feb. 24, 2023 A | · | 0 | 0 | $0 |
| Jesus Malave JR | SVP, Chief Financial Officer | Jan. 21, 2022 D | 2,358 | 0 | 0 | $0 |
| Kenneth L Bedingfield | President, Missile Solutions | Oct. 1, 2026 A | · | 0 | 0 | $0 |
| Ross Niebergall | President, Aerojet Rocketdyne | Dec. 30, 2024 S | 5,049 | 0 | 0 | $0 |
| Todd W. Gautier | President, Aviation Systems | Nov. 4, 2021 S | 9,927 | 0 | 0 | $0 |
| William H Gattle | President, Space and Intel Sys | June 29, 2019 M | 19,300 | 0 | 0 | $0 |
| Carl D D'Alessandro | President, Critical Networks | Aug. 26, 2016 A | 2,359 | 0 | 0 | $0 |
| Timothy E Thorsteinson | President - BCD | Aug. 28, 2009 A | 14,611 | 0 | 0 | $0 |
| Guy M Campbell | President - MCD | Sept. 8, 2006 F | 49,215 | 0 | 0 | $0 |
| Chester A Massari | President - RFCD | May 5, 2006 S | 72,095 | 0 | 0 | $0 |
| Bruce M Allan | President - BCD | March 19, 2004 D | 9,444 | 0 | 0 | $0 |
| Daniel R Pearson | Exec. VP and COO | Nov. 7, 2012 M | 80,756 | 0 | 0 | $0 |
| Christopher T. Aebli | Pres., Comm & Spect. Dominance | Sept. 1, 2026 A | · | 0 | 0 | $0 |
| Lauren N. Barnes | Pres., Space & Mission Sys. | Sept. 1, 2026 A | · | 0 | 0 | $0 |
| Tania W. Hanna | VP, Govt. & Customer Relations | Aug. 3, 2026 A | · | 0 | 0 | $0 |
| Melanie Rakita | Vice President & CHRO | Aug. 3, 2026 A | 4,192 | 0 | 3 | $-1,766,859 |
| Christoph Theodor Feddersen | SVP, Gen. Counsel and Sec. | Feb. 26, 2026 A | · | 0 | 0 | $0 |
| John P Cantillon | VP, Principal Accting. Officer | Feb. 26, 2026 A | 335 | 0 | 0 | $0 |
| Jon Rambeau | Pres., Coms. & Spec. Dom. | Feb. 26, 2026 A | 7,660 | 0 | 1 | $-2,047,129 |
| Edward J Zoiss | Pres., Space & Airborne Sys. | Nov. 13, 2025 G | 24,262 | 0 | 0 | $0 |
| Scott T Mikuen | Sr VP-General Counsel & Secy | July 15, 2024 M | 47,616 | 0 | 0 | $0 |
| Sean J Stackley | Sr. VP Strategy, Growth & Tech | June 17, 2024 S | 14,186 | 0 | 0 | $0 |
| Corliss J. Montesi | VP, Principal Accting. Officer | Feb. 26, 2024 M | 2,025 | 0 | 0 | $0 |
| James P Girard | Vice President & CHRO | Feb. 28, 2023 M | 10,171 | 0 | 0 | $0 |
| Dana A Mehnert | Pres., Communication Systems | Dec. 5, 2022 S | 23,830 | 0 | 0 | $0 |
| William M Brown | Executive Chair | June 29, 2022 M | 259,078 | 0 | 0 | $0 |
| Todd Taylor | VP, Principal Accting. Officer | June 4, 2021 M | 8,249 | 0 | 0 | $0 |
| Rahul Ghai | Sr. VP & Chief Financial Off. | June 29, 2019 M | 33,072 | 0 | 0 | $0 |
| Robert L Duffy | SVP-Human Resources | June 29, 2019 M | 41,777 | 0 | 0 | $0 |
| Sheldon J Fox | SVP, Operations and IT | June 29, 2019 M | 73,806 | 0 | 0 | $0 |
| Miguel A Lopez | Sr. VP & Chief Financial Off. | Feb. 11, 2016 M | 9,192 | 0 | 0 | $0 |
| Lewis A Schwartz | VP, Principal Accting. Officer | April 1, 2015 S | 16,359 | 0 | 0 | $0 |
| James D Morris | Group Pres., Int. Network Sol. | Feb. 6, 2015 M | 18,152 | 0 | 0 | $0 |
| Gary L Mcarthur | Sr. VP & Chief Financial Off. | Dec. 9, 2013 G | 52,088 | 0 | 0 | $0 |
| Jeffrey S Shuman | Sr. VP & Chief HR Officer | July 2, 2012 M | 55,120 | 0 | 0 | $0 |
| Eugene S Cavallucci | VP - General Counsel | Aug. 27, 2010 F | 37,850 | 0 | 0 | $0 |
| Robert K Henry | Exec. Vice President | Aug. 27, 2010 F | 60,906 | 0 | 0 | $0 |
| Kent R Buchanan | VP - Chief Technology Officer | March 7, 2008 F | 26,356 | 0 | 0 | $0 |
| Jeremy C Wensinger | Group Pres.-Govt. Comm. Sys. | Nov. 7, 2007 M | 40,210 | 0 | 0 | $0 |
| Pamela Padgett | VP - Investor Relations | Aug. 24, 2007 A | 25,588 | 0 | 0 | $0 |
| Bryan R Roub | Senior Vice President | June 30, 2006 D | 171,938 | 0 | 0 | $0 |
| James L Christie | VP - Internal Audit | June 1, 2006 S | 55,205 | 0 | 0 | $0 |
| Nick E Heldreth | VP - Human Resources | Aug. 19, 2005 D | 54,192 | 0 | 0 | $0 |
| David S Wasserman | VP - Treasurer | Oct. 1, 2004 I | 44,597 | 0 | 0 | $0 |
| Richard L Ballantyne | VP - General Counsel and Secy | Oct. 1, 2004 I | 23,930 | 0 | 0 | $0 |
| Christina L Zamarro | Director | Oct. 1, 2026 A | 6,453 | 0 | 0 | $0 |
| Joanna Geraghty | Director | Oct. 1, 2026 A | 5,913 | 0 | 0 | $0 |
| David S Regnery | Director | Oct. 1, 2026 A | 2,987 | 0 | 0 | $0 |
| Edward A Rice Jr | Director | May 11, 2026 A | 3,517 | 0 | 0 | $0 |
| Harry B. Harris Jr | Director | May 11, 2026 A | 4,412 | 0 | 0 | $0 |
| Thomas A Dattilo | Director | May 11, 2026 A | 9,265 | 0 | 0 | $0 |
| Kirk S Hachigian | Director | May 11, 2026 A | 4,806 | 0 | 0 | $0 |
| Lewis Hay III | Director | May 11, 2026 A | 7,419 | 0 | 0 | $0 |
| Robert B Millard | Director | Feb. 6, 2026 G | 181,972 | 0 | 0 | $0 |
| Rita S. Lane | Director | April 21, 2025 A | 7,483 | 0 | 0 | $0 |
| Peter W Chiarelli | Director | Oct. 1, 2024 A | 5,857 | 0 | 0 | $0 |
| William H Swanson | Director | April 19, 2024 A | 3,719 | 0 | 0 | $0 |
| Lloyd W Newton | Director | April 3, 2023 A | 11,429 | 0 | 0 | $0 |
| Lewis Kramer | Director | April 22, 2022 A | 15,376 | 0 | 0 | $0 |
| Thomas A Corcoran | Director | April 22, 2022 A | 2,098 | 0 | 0 | $0 |
| Leslie F Kenne | Director | June 29, 2019 A | 1,000 | 0 | 0 | $0 |
| Vyomesh Joshi | Director | June 29, 2019 A | 1,000 | 0 | 0 | $0 |
| Hansel E Tookes II | Director | June 29, 2019 A | 2,000 | 0 | 0 | $0 |
| Gregory T Swienton | Director | June 29, 2019 A | 1,000 | 0 | 0 | $0 |
| James F Albaugh | Director | June 29, 2019 A | 1,725 | 0 | 0 | $0 |
| Terry D Growcock | Director | Oct. 1, 2018 A | 1,688 | 0 | 0 | $0 |
| James C Stoffel | Director | Oct. 1, 2018 A | 667 | 0 | 0 | $0 |
| David B Rickard | Director | Oct. 1, 2016 A | 0 | 0 | 0 | $0 |
| Karen L Katen | Director | Oct. 1, 2016 A | 18,456 | 0 | 0 | $0 |
| Stephen P Kaufman | Director | Oct. 1, 2014 A | 4,000 | 0 | 0 | $0 |
| Joseph L Dionne | Director | July 1, 2005 A | 4,996 | 0 | 0 | $0 |
| HARRIS CORP /DE/ | 10% owner | Aug. 12, 2003 S | 2,687,628 | 0 | 0 | $0 |
| Roger Fradin | · | May 11, 2026 A | 6,890 | 0 | 0 | $0 |
| Sallie B Bailey | · | May 11, 2026 A | 7,357 | 0 | 0 | $0 |
| Christopher D. Young | · | Sept. 28, 2018 D | 1,817 | 0 | 0 | $0 |
| Allen E Dukes | · | Oct. 1, 2003 I | 25,614 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 136 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ARKX · ARK ETF Trust | 7.53% | 206,269 NS | July 31, 2026 | N-PORT |
| PPA · Invesco Exchange-Traded Fund Trust | 4.05% | 1,167,176 SH | Oct. 23, 2026 | Daily |
| ITA · iShares Trust | 3.61% | 1,865,053 SH | Sept. 11, 2026 | Daily |
| ARKQ · ARK ETF Trust | 3.33% | 223,224 NS | July 31, 2026 | N-PORT |
| UFO · Procure ETF Trust II | 2.54% | 53,921 NS | July 31, 2026 | N-PORT |
| DFEN · Direxion Shares ETF Trust | 2.40% | 33,240 NS | July 31, 2026 | N-PORT |
| FOWF · Pacer Funds Trust | 2.00% | 1,141 NS | July 31, 2026 | N-PORT |
| PRNT · ARK ETF Trust | 1.80% | 3,822 NS | July 31, 2026 | N-PORT |
| BOBP · EXCHANGE TRADED CONCEPTS TRUST | 1.23% | 26 NS | July 31, 2026 | N-PORT |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.22% | 34,980 SH | Oct. 23, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 0.93% | 1,196,704 SH | Aug. 19, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.74% | 61,240 NS | July 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.73% | 226,784 SH | Aug. 19, 2026 | Daily |
| DUSL · Direxion Shares ETF Trust | 0.68% | 1,376 NS | July 31, 2026 | N-PORT |
| MADE · iShares Trust | 0.67% | 1,588 SH | Sept. 11, 2026 | Daily |
| IYJ · iShares Trust | 0.58% | 44,213 SH | Sept. 11, 2026 | Daily |
| BKDV · BNY Mellon ETF Trust II | 0.57% | 38,061 NS | July 31, 2026 | N-PORT |
| EQIN · Columbia ETF Trust I | 0.54% | 5,961 NS | July 31, 2026 | N-PORT |
| VO · VANGUARD INDEX FUNDS | 0.52% | 4,037,283 SH | Aug. 19, 2026 | Daily |
| VLUE · iShares Trust | 0.47% | 181,199 SH | Sept. 11, 2026 | Daily |
| EXI · iShares Trust | 0.47% | 26,778 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.45% | 277,956 SH | Sept. 11, 2026 | Daily |
| IMCG · iShares Trust | 0.40% | 65,040 SH | Sept. 11, 2026 | Daily |
| FDLO · FIDELITY COVINGTON TRUST | 0.39% | 19,817 NS | July 31, 2026 | N-PORT |
| IWR · iShares Trust | 0.34% | 762,465 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.32% | 21,827 SH | Sept. 11, 2026 | Daily |
| EVUS · iShares Trust | 0.32% | 4,828 SH | Sept. 11, 2026 | Daily |
| LGDX · Tidal Trust III | 0.30% | 1,548 NS | July 31, 2026 | N-PORT |
| BSCR · Invesco Exchange-Traded Self-Indexe… | 0.29% | 12,985,000 | Oct. 23, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.29% | 69,712 NS | July 31, 2026 | N-PORT |
| GSY · Invesco Actively Managed Exchange-T… | 0.28% | 11,141,000 | Oct. 23, 2026 | Daily |
| XOEF · iShares Trust | 0.26% | 235 SH | Sept. 11, 2026 | Daily |
| ESGU · iShares Trust | 0.26% | 186,807 SH | Sept. 11, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.25% | 7,662 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.24% | 11,214 SH | Sept. 11, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.24% | 16,529 SH | Aug. 19, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.24% | 1,052,469 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.22% | 742,815 SH | Aug. 19, 2026 | Daily |
| FXR · First Trust Exchange-Traded AlphaDE… | 0.21% | 5,719 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.21% | 114,574 NS | July 31, 2026 | N-PORT |
| FBUF · Fidelity Greenwood Street Trust | 0.21% | 177 NS | July 31, 2026 | N-PORT |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.21% | 263,000 | Oct. 23, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.20% | 1,769,570 SH | Aug. 19, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 784,055 SH | Oct. 23, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.20% | 6,914,000 | Oct. 20, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.19% | 42,911 SH | Aug. 19, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.19% | 161 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.18% | 14,082 SH | Sept. 11, 2026 | Daily |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.18% | 8,611 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.17% | 8,148 SH | Sept. 11, 2026 | Daily |
| SPXD · DBX ETF Trust | 0.17% | 46 NS | Aug. 31, 2026 | N-PORT |
| BSCT · Invesco Exchange-Traded Self-Indexe… | 0.17% | 5,106,000 | Oct. 23, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.17% | 5,282 SH | Oct. 23, 2026 | Daily |
| DGRO · iShares Trust | 0.17% | 286,894 SH | Sept. 11, 2026 | Daily |
| IVE · iShares Trust | 0.16% | 309,904 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.15% | 112,316 SH | Aug. 19, 2026 | Daily |
| SIZE · iShares Trust | 0.15% | 2,571 SH | Sept. 10, 2026 | Daily |
| IUSV · iShares Trust | 0.15% | 162,652 SH | Sept. 11, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.14% | 1,564 NS | Aug. 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.13% | 52,791 SH | Oct. 23, 2026 | Daily |
| IWD · iShares Trust | 0.12% | 413,769 SH | Sept. 11, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.12% | 682 NS | July 31, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.12% | 3,055 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.11% | 46,621 SH | Oct. 23, 2026 | Daily |
| EGLE · Global X Funds | 0.11% | 9 NS | July 31, 2026 | N-PORT |
| ADME · ETF Series Solutions | 0.11% | 1,170 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.11% | 4,366 SH | Oct. 23, 2026 | Daily |
| ACIO · ETF Series Solutions | 0.11% | 9,285 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.10% | 8,399 NS | July 31, 2026 | N-PORT |
| ILCG · iShares Trust | 0.09% | 11,488 SH | Sept. 11, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.09% | 217,569 SH | Aug. 19, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.09% | 1,873 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.09% | 38,459 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.09% | 113 SH | Sept. 10, 2026 | Daily |
| XCLR · Global X Funds | 0.09% | 11 NS | July 31, 2026 | N-PORT |
| APUE · Trust for Professional Managers | 0.08% | 7,912 NS | Aug. 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.08% | 9,682 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.08% | 191 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.08% | 140,350 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.08% | 14 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.08% | 5,420 SH | Oct. 23, 2026 | Daily |
| PTLC · Pacer Funds Trust | 0.08% | 9,452 NS | July 31, 2026 | N-PORT |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 25,686 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.08% | 4,838,640 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.08% | 30,687 SH | Aug. 19, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.08% | 15,809 NS | July 31, 2026 | N-PORT |
| TOV · EA Series Trust | 0.08% | 731 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.08% | 9,612 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.08% | 3,154 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.08% | 139 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.07% | 56,096 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.07% | 703 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.07% | 4,470 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.07% | 30,058 SH | Oct. 23, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.07% | 1,117 SH | Oct. 23, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.07% | 15 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.07% | 1,406 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.07% | 2,348,326 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.07% | 3,651 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.07% | 5,913,916 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.07% | 15,652 SH | Aug. 19, 2026 | Daily |
| ACWV · iShares, Inc. | 0.07% | 9,034 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.07% | 129,303 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.07% | 8,010 SH | Sept. 11, 2026 | Daily |
| LRGF · iShares Trust | 0.06% | 9,557 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.06% | 51,722 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.06% | 1,297 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.06% | 241,007 SH | Sept. 11, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.06% | 147 SH | Oct. 23, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.06% | 14,563 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.06% | 11,075 SH | Oct. 23, 2026 | Daily |
| KOKU · DBX ETF Trust | 0.06% | 1,751 NS | Aug. 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.05% | 500 SH | Sept. 10, 2026 | Daily |
| URTH · iShares, Inc. | 0.05% | 16,761 SH | Sept. 10, 2026 | Daily |
| ILCV · iShares Trust | 0.05% | 2,707 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.05% | 3,950 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.05% | 155,370 SH | Aug. 19, 2026 | Daily |
| ACWI · iShares Trust | 0.04% | 59,378 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.04% | 1,409 SH | Oct. 23, 2026 | Daily |
| USCL · iShares Trust | 0.04% | 4,928 SH | Sept. 11, 2026 | Daily |
| DYNF · BlackRock ETF Trust | 0.03% | 47,101 SH | Sept. 11, 2026 | Daily |
| NEAR · iShares U.S. ETF Trust | 0.00% | 152,000 SH | Sept. 9, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.00% | 3,000 | Oct. 12, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 1,000 | Oct. 20, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.35% | -31,318 NS | July 31, 2026 | N-PORT |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VUSB · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCRB · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCIT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
LHX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
17 analysts · 2026-10-19Mean target $316.65 +24.7%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LHX | $56.89B | 35.7 | 9.8% | · | 8.2% | · |
| GD | $91.03B | 21.8 | 10.1% | 8.0% | 17.1% | · |
| NOC | $80.97B | 19.6 | 2.2% | 10.0% | 26.4% | · |
| HWM | $82.34B | 55.3 | 11.1% | 18.3% | 29.0% | · |
| TDG | · | 41.1 | 11.2% | 23.5% | -26.0% | 60.1% |
| HONA | · | · | · | · | · | · |
| HEI | · | · | · | · | · | · |
| AXON | $45.55B | 376.1 | 33.5% | 4.5% | 4.2% | 59.7% |
| RKLB | $37.92B | -188.5 | 38.0% | -32.9% | -16.4% | 34.4% |
| ARXS | · | · | · | · | · | · |
| ATI | $15.90B | 41.0 | 5.2% | 8.8% | 22.1% | 21.9% |
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