Direct Answer
L3Harris reported revenue of $21.3 billion for the fiscal year ended January 3, 2025, with an operating margin of 9.0% and net income of $1.5 billion, according to its SEC filings. Revenue grew 9.8% from the prior year.
What Are L3Harris's Key Financial Figures?
| Fiscal year | FY2024 ended January 3, 2025 | FY2023 ended December 29, 2023 | FY2022 ended December 30, 2022 |
|---|---|---|---|
| Revenue | $21.3 billion | $19.4 billion | $17.1 billion |
| Operating income | $1.9 billion | $1.4 billion | $1.1 billion |
| Operating margin | 9.0% | 7.3% | 6.6% |
| Net income | $1.5 billion | $1.2 billion | $1.1 billion |
| Net margin | 7.0% | 6.3% | 6.2% |
| Operating cash flow | $2.6 billion | $2.1 billion | $2.2 billion |
| Capital expenditures | $408 million | $449 million | $252 million |
| Free cash flow | $2.2 billion | $1.6 billion | $1.9 billion |
Operating margin widened by 1.7 percentage points between fiscal 2023 and 2024, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $2.2 billion against net income of $1.5 billion; cash generation covered reported earnings.
What Does L3Harris's Balance Sheet Show?
| Cash and cash equivalents | $615 million |
|---|---|
| Long-term debt | $11.1 billion |
| Total assets | $42.0 billion |
| Total liabilities | $22.4 billion |
| Shareholders' equity | $19.5 billion |
| Current ratio | 1.1x |
Balance sheet values are as of the end of fiscal 2024. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value L3Harris reported in its own SEC filings, read from the SEC's XBRL data (accession 0000202058-26-000015 for fiscal year 2024). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was L3Harris's revenue in fiscal 2024?
L3Harris reported revenue of $21.3 billion for the fiscal year ended January 3, 2025, according to its SEC filings.
What is L3Harris's operating margin?
L3Harris's operating margin was 9.0% in fiscal 2024: operating income of $1.9 billion on revenue of $21.3 billion.
How much free cash flow did L3Harris generate?
Operating cash flow of $2.6 billion less capital expenditures of $408 million gives free cash flow of $2.2 billion for fiscal 2024.