LHXL3HARRIS TECHNOLOGIES, INC. /DE/
Search, Detection, Navigation, Guidance, Aeronautical Sys
- Revenue
- —
- Operating margin
- —
- EBITDA
- $3.3B
- 4.0% YoY
- Market cap
- $51.7B
- Employees
- 45,000
- Net debt / EBITDA
- 2.0×
- $6.7B net debt
- AI in 10-K
- 1.3
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo193% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo66% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes46% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$474K · 64th pctBottom quartile of its SIC industry
- Quiet on AINo1.3 per 10K words · 41st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.0× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$51.7B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$12M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $17.1B | $19.4B | $21.3B | — | |
| Operating income | $1.1B | $1.4B | $1.9B | $2.1B | 10% |
| Net income | $1.1B | $1.2B | $1.5B | $1.6B | 6.9% |
| Operating cash flow | $2.2B | $2.1B | $2.6B | $3.1B | 21% |
| Capex | $252M | $449M | $408M | $424M | 3.9% |
| Stock-based comp | $109M | $89M | $97M | $113M | 16% |
| Buybacks | $1.1B | $518M | $554M | $1.2B | 108% |
| Dividends | $864M | $868M | $886M | $903M | 1.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $12M · 7
- Net
- −$12M
Pay vs performance
No pay-versus-performance disclosure yet.