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L3Harris (LHX) Financial Forecast Calculator

Interactive 5-year forecast and DCF for L3Harris. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from L3Harris’s most recent SEC filings.

Revenue FY30
$48.32B
from $19.42B
FCF FY30
$6.05B
Margin 12.5%
Enterprise value
$83.03B
4.3× LTM revenue
Equity value
$72.05B
Net debt $10.98B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
20.0%
-10.0%baseline 20.0%40.0%
Gross margin
29.8%
5.0%baseline 29.8%90.0%
Capex % of revenue
2.6%
0.0%baseline 2.6%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the L3Harris forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What does L3Harris Technologies do?+

L3Harris Technologies is an aerospace and defense technology innovator that provides mission-critical solutions across space, air, land, sea, and cyber domains. The company positions itself as the defense industry's "Trusted Disruptor," focusing on agile development and rapid deployment of advanced technologies for the US Department of Defense and international allies.

How does L3Harris generate its revenue?+

L3Harris generates the vast majority of its revenue from the US Government, serving as either a prime contractor or a tier-one subcontractor. Its business model is contract-based, relying on a mix of firm-fixed-price and cost-plus contracts across its four main segments.

What is L3Harris's typical capital expenditure as a percentage of revenue?+

L3Harris's capital expenditure as a percentage of revenue typically runs between 1.8% and 2.2%. Approximately 60% of this capex is for maintenance, while 40% is growth-oriented, directed towards facility expansion for solid rocket motors and classified space programs.

What is the purpose of the L3Harris financial model?+

The L3Harris financial model provides a comprehensive three-statement forecast and discounted cash flow valuation. Its purpose is to help an equity research analyst determine the intrinsic value of L3Harris Technologies and assess its capital deployment capacity for share repurchases and dividends.

Can I download an Excel financial model for L3Harris?+

Yes, a downloadable Excel financial model for L3Harris is available. This general corporate model provides a forecast horizon from FY2026 to FY2030, allowing for detailed financial analysis.

What is the significance of goodwill on L3Harris's balance sheet?+

Goodwill and intangibles make up over 60% of L3Harris's total assets, reflecting the company's history of significant M&A activity. This includes the 2019 merger of equals between L3 and Harris, as well as the 2023 acquisition of Aerojet Rocketdyne.

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