L3Harris Technologies Inc (LHX) - Net Assets
Based on the latest financial reports, L3Harris Technologies Inc (LHX) has net assets worth $20.85 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($42.94 Billion) and total liabilities ($22.09 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LHX strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $20.85 Billion |
| % of Total Assets | 48.56% |
| Annual Growth Rate | 8.01% |
| 5-Year Change | 1.64% |
| 10-Year Change | 542.3% |
| Growth Volatility | 105.15 |
L3Harris Technologies Inc - Net Assets Trend (1985–2025)
This chart illustrates how L3Harris Technologies Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see L3Harris Technologies Inc (LHX) total market value.
Annual Net Assets for L3Harris Technologies Inc (1985–2025)
The table below shows the annual net assets of L3Harris Technologies Inc from 1985 to 2025. Also explore L3Harris Technologies Inc (LHX) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $19.64 Billion | +0.29% |
| 2024-12-31 | $19.58 Billion | +3.98% |
| 2023-12-31 | $18.83 Billion | +1.10% |
| 2022-12-31 | $18.62 Billion | -3.60% |
| 2021-12-31 | $19.32 Billion | -7.30% |
| 2020-12-31 | $20.84 Billion | -8.37% |
| 2019-12-31 | $22.74 Billion | +659.65% |
| 2018-12-31 | $2.99 Billion | +2.25% |
| 2017-12-31 | $2.93 Billion | -4.22% |
| 2016-12-31 | $3.06 Billion | -10.14% |
| 2015-12-31 | $3.40 Billion | +86.41% |
| 2014-12-31 | $1.82 Billion | +16.90% |
| 2013-12-31 | $1.56 Billion | -19.78% |
| 2012-12-31 | $1.95 Billion | -22.53% |
| 2011-12-31 | $2.51 Billion | +5.17% |
| 2010-12-31 | $2.39 Billion | +27.79% |
| 2009-12-31 | $1.87 Billion | -17.81% |
| 2008-12-31 | $2.27 Billion | +1.94% |
| 2007-12-31 | $2.23 Billion | +34.21% |
| 2006-12-31 | $1.66 Billion | +9.09% |
| 2005-12-31 | $1.52 Billion | +19.14% |
| 2004-12-31 | $1.28 Billion | +8.08% |
| 2003-12-31 | $1.18 Billion | +5.26% |
| 2002-12-31 | $1.12 Billion | +3.39% |
| 2001-12-31 | $1.09 Billion | -20.89% |
| 2000-12-31 | $1.37 Billion | -13.54% |
| 1999-12-31 | $1.59 Billion | -2.93% |
| 1998-12-31 | $1.64 Billion | +3.75% |
| 1997-12-31 | $1.58 Billion | +14.95% |
| 1996-12-31 | $1.37 Billion | +9.94% |
| 1995-12-31 | $1.25 Billion | +5.12% |
| 1994-12-31 | $1.19 Billion | +4.09% |
| 1992-12-31 | $1.14 Billion | +6.81% |
| 1991-12-31 | $1.07 Billion | +3.90% |
| 1990-12-31 | $1.03 Billion | -5.08% |
| 1989-12-31 | $1.08 Billion | +14.38% |
| 1988-12-31 | $947.20 Million | -2.57% |
| 1987-12-31 | $972.20 Million | -1.23% |
| 1986-12-31 | $984.30 Million | +9.27% |
| 1985-12-31 | $900.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to L3Harris Technologies Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 479.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.21 Billion | 21.45% |
| Common Stock | $187.00 Million | 0.95% |
| Other Comprehensive Income | $119.00 Million | 0.61% |
| Other Components | $15.12 Billion | 76.99% |
| Total Equity | $19.64 Billion | 100.00% |
L3Harris Technologies Inc Competitors by Market Cap
The table below lists competitors of L3Harris Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fifth Third Bancorp
NASDAQ:FITB
|
$44.71 Billion |
|
Adani Ports and Special Economic Zone Limited
NSE:ADANIPORTS
|
$44.73 Billion |
|
Bank Central Asia Tbk
JK:BBCA
|
$44.77 Billion |
|
Coinbase Global Inc
NASDAQ:COIN
|
$44.80 Billion |
|
BASF SE
XETRA:BAS
|
$44.62 Billion |
|
Ventas Inc
NYSE:VTR
|
$44.55 Billion |
|
Hangzhou Hikvision Digital Technology Co Ltd
SHE:002415
|
$44.50 Billion |
|
Mercedes-Benz Group AG
F:MBG
|
$44.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in L3Harris Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,514,000,000 to 19,635,000,000, a change of 121,000,000 (0.6%).
- Net income of 1,606,000,000 contributed positively to equity growth.
- Dividend payments of 903,000,000 reduced retained earnings.
- Share repurchases of 1,154,000,000 reduced equity.
- Other comprehensive income increased equity by 92,000,000.
- Other factors increased equity by 480,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.61 Billion | +8.18% |
| Dividends Paid | $903.00 Million | -4.6% |
| Share Repurchases | $1.15 Billion | -5.88% |
| Other Comprehensive Income | $92.00 Million | +0.47% |
| Other Changes | $480.00 Million | +2.44% |
| Total Change | $- | 0.62% |
Book Value vs Market Value Analysis
This analysis compares L3Harris Technologies Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 42.90x to 2.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $5.59 | $239.89 | x |
| 1986-12-31 | $6.00 | $239.89 | x |
| 1987-12-31 | $6.09 | $239.89 | x |
| 1988-12-31 | $5.98 | $239.89 | x |
| 1989-12-31 | $6.84 | $239.89 | x |
| 1990-12-31 | $6.59 | $239.89 | x |
| 1991-12-31 | $6.82 | $239.89 | x |
| 1992-12-31 | $7.24 | $239.89 | x |
| 1994-12-31 | $7.43 | $239.89 | x |
| 1995-12-31 | $8.00 | $239.89 | x |
| 1996-12-31 | $8.81 | $239.89 | x |
| 1997-12-31 | $10.12 | $239.89 | x |
| 1998-12-31 | $10.22 | $239.89 | x |
| 1999-12-31 | $10.03 | $239.89 | x |
| 2000-12-31 | $9.22 | $239.89 | x |
| 2001-12-31 | $8.13 | $239.89 | x |
| 2002-12-31 | $8.44 | $239.89 | x |
| 2003-12-31 | $8.95 | $239.89 | x |
| 2004-12-31 | $9.34 | $239.89 | x |
| 2005-12-31 | $11.00 | $239.89 | x |
| 2006-12-31 | $11.74 | $239.89 | x |
| 2007-12-31 | $13.59 | $239.89 | x |
| 2008-12-31 | $16.66 | $239.89 | x |
| 2009-12-31 | $14.03 | $239.89 | x |
| 2010-12-31 | $18.37 | $239.89 | x |
| 2011-12-31 | $19.81 | $239.89 | x |
| 2012-12-31 | $16.89 | $239.89 | x |
| 2013-12-31 | $14.04 | $239.89 | x |
| 2014-12-31 | $17.01 | $239.89 | x |
| 2015-12-31 | $31.81 | $239.89 | x |
| 2016-12-31 | $24.45 | $239.89 | x |
| 2017-12-31 | $23.56 | $239.89 | x |
| 2018-12-31 | $24.72 | $239.89 | x |
| 2019-12-31 | $100.97 | $239.89 | x |
| 2020-12-31 | $95.99 | $239.89 | x |
| 2021-12-31 | $94.55 | $239.89 | x |
| 2022-12-31 | $95.73 | $239.89 | x |
| 2023-12-31 | $98.45 | $239.89 | x |
| 2024-12-31 | $102.33 | $239.89 | x |
| 2025-12-31 | $104.22 | $239.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently L3Harris Technologies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.35%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.10x
- Recent ROE (8.18%) is below the historical average (10.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 6.62% | 2.69% | 1.24x | 1.99x | $-30.48 Million |
| 1986 | 8.58% | 4.06% | 1.16x | 1.83x | $-13.93 Million |
| 1987 | 6.73% | 3.17% | 1.25x | 1.69x | $-31.82 Million |
| 1988 | 2.26% | 0.97% | 0.87x | 2.70x | $-73.32 Million |
| 1989 | 12.06% | 4.28% | 1.16x | 2.42x | $22.36 Million |
| 1990 | 1.90% | 0.64% | 1.22x | 2.42x | $-83.34 Million |
| 1991 | 7.04% | 2.50% | 1.21x | 2.32x | $-31.65 Million |
| 1992 | 9.73% | 3.58% | 1.22x | 2.23x | $-3.03 Million |
| 1994 | 9.41% | 3.35% | 1.25x | 2.25x | $-7.00 Million |
| 1995 | 12.37% | 4.49% | 1.21x | 2.27x | $29.62 Million |
| 1996 | 12.99% | 4.93% | 1.13x | 2.34x | $41.11 Million |
| 1997 | 13.15% | 10.65% | 0.54x | 2.31x | $49.68 Million |
| 1998 | 8.12% | 6.91% | 0.60x | 1.97x | $-30.74 Million |
| 1999 | 3.34% | 3.05% | 0.59x | 1.86x | $-105.85 Million |
| 2000 | 1.31% | 1.00% | 0.78x | 1.69x | $-119.43 Million |
| 2001 | 1.97% | 1.09% | 1.00x | 1.80x | $-87.32 Million |
| 2002 | 7.35% | 4.50% | 0.98x | 1.66x | $-29.81 Million |
| 2003 | 5.03% | 2.89% | 0.99x | 1.75x | $-58.82 Million |
| 2004 | 10.38% | 5.27% | 1.13x | 1.74x | $4.92 Million |
| 2005 | 13.27% | 6.74% | 1.04x | 1.89x | $49.84 Million |
| 2006 | 14.31% | 6.85% | 1.11x | 1.89x | $71.69 Million |
| 2007 | 25.23% | 11.32% | 0.96x | 2.31x | $290.02 Million |
| 2008 | 19.53% | 9.66% | 0.99x | 2.03x | $216.80 Million |
| 2009 | 2.03% | 0.76% | 1.12x | 2.39x | $-149.01 Million |
| 2010 | 23.52% | 11.89% | 0.83x | 2.37x | $322.81 Million |
| 2011 | 23.50% | 10.85% | 0.88x | 2.47x | $337.80 Million |
| 2012 | 1.58% | 0.56% | 0.97x | 2.88x | $-163.29 Million |
| 2013 | 7.24% | 2.21% | 1.05x | 3.11x | $-43.13 Million |
| 2014 | 29.32% | 10.67% | 1.02x | 2.70x | $352.50 Million |
| 2015 | 9.83% | 8.60% | 0.30x | 3.86x | $-5.70 Million |
| 2016 | 10.60% | 5.41% | 0.50x | 3.93x | $18.40 Million |
| 2017 | 18.55% | 9.21% | 0.58x | 3.45x | $250.20 Million |
| 2018 | 23.35% | 11.33% | 0.63x | 3.29x | $399.60 Million |
| 2019 | 4.20% | 13.95% | 0.18x | 1.70x | $-1.31 Billion |
| 2020 | 5.40% | 6.15% | 0.49x | 1.78x | $-953.40 Million |
| 2021 | 9.61% | 10.36% | 0.51x | 1.81x | $-75.30 Million |
| 2022 | 5.73% | 6.22% | 0.51x | 1.81x | $-790.30 Million |
| 2023 | 6.54% | 6.32% | 0.47x | 2.22x | $-649.50 Million |
| 2024 | 7.70% | 7.04% | 0.51x | 2.15x | $-449.40 Million |
| 2025 | 8.18% | 7.35% | 0.53x | 2.10x | $-357.50 Million |
Industry Comparison
This section compares L3Harris Technologies Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,020,842,709
- Average return on equity (ROE) among peers: -5.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| L3Harris Technologies Inc (LHX) | $20.85 Billion | 6.62% | 1.06x | $44.67 Billion |
| Archer Aviation Inc (ACHR) | $2.20 Billion | -28.06% | 0.12x | $4.24 Billion |
| AAR Corp (AIR) | $422.72 Million | 8.32% | 1.32x | $4.74 Billion |
| Air Industries Group (AIRI) | $7.11 Million | -10.55% | 2.68x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-85.59 Million | 0.00% | 0.00x | $198.53 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $4.60 Billion |
| Astronics Corporation (ATRO) | $270.37 Million | -42.82% | 1.29x | $2.19 Billion |
| AeroVironment Inc (AVAV) | $550.97 Million | -31.98% | 0.50x | $7.90 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $897.88 Million |
| Axon Enterprise Inc. (AXON) | $1.05 Billion | -5.73% | 0.61x | $37.31 Billion |
| The Boeing Company (BA) | $2.23 Billion | 58.97% | 26.89x | $155.86 Billion |
About L3Harris Technologies Inc
L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and ot… Read more