L3Harris Technologies, Inc.
Income Statement
| Line Item | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.33B | $19.42B | $17.06B | $17.81B | $12.86B | $6.80B | $6.18B | $5.90B |
| Cost of Revenue | $15.80B | $14.31B | $12.14B | $12.44B | $9.09B | $4.47B | $4.07B | $3.85B |
| Gross Profit | $5.52B | $5.11B | $4.93B | $5.38B | $3.77B | $2.33B | $2.12B | $2.05B |
| Gross Margin | 25.9% | 26.3% | 28.9% | 30.2% | 29.3% | 34.3% | 34.2% | 34.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.57B | $3.31B | $3.00B | $3.28B | $2.54B | $1.24B | $1.18B | — |
| Operating Income | $1.92B | $1.43B | $1.13B | $2.11B | $1.71B | $1.45B | $1.12B | $1.07B |
| Operating Margin | 9.0% | 7.3% | 6.6% | 11.8% | 13.3% | 21.3% | 18.1% | 18.2% |
| Interest Expense | — | — | — | $270.0M | $217.0M | $169.0M | $170.0M | $172.0M |
| Pretax Income | $1.60B | $1.22B | $1.27B | $2.28B | $1.49B | $1.11B | $908.0M | $889.0M |
| Income Tax Expense | $85.0M | $23.0M | $212.0M | $440.0M | $146.0M | $160.0M | $206.0M | $261.0M |
| Net Income | $1.50B | $1.23B | $1.06B | $1.85B | $1.33B | $949.0M | $699.0M | $543.0M |
| Net Margin | 7.0% | 6.3% | 6.2% | 10.4% | 10.4% | 14.0% | 11.3% | 9.2% |
| EPS (Basic) | $7.91 | $6.47 | $5.54 | $9.17 | $8.04 | $8.03 | $5.88 | $4.42 |
| EPS (Diluted) | $7.87 | $6.44 | $5.49 | $9.09 | $7.89 | $7.86 | $5.76 | $4.36 |
| Shares Outstanding (Basic) | 189.8M | 189.6M | 191.8M | 201.3M | 166.0M | 118.0M | 118.6M | 122.6M |
| Shares Outstanding (Diluted) | 190.7M | 190.6M | 193.5M | 203.2M | 169.0M | 120.5M | 121.1M | 124.3M |
| Dividends Per Share | $4.64 | $4.56 | $4.48 | $4.08 | — | — | — | — |