L3Harris Technologies (FRA:HRS) FCF Margin %: -3.38% (As of Mar. 2026)


FRA:HRS L3Harris Technologies Inc FRA:HRS
91 GF Score
Price €252.10
GF Value €223.93
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is L3Harris Technologies FCF Margin %?

L3Harris Technologies FRA:HRS -0.04% 91 FCF Margin % is -3.38% as of Mar. 2026. GuruFocus rates FRA:HRS with a GF Score™ of 91/100 and a GF Value™ of €223.93 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 347 Aerospace & Defense companies, L3Harris Technologies ranks better than 79.54% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. L3Harris Technologies's Free Cash Flow for the three months ended in Mar. 2026 was €-168 Mil. L3Harris Technologies's Revenue for the three months ended in Mar. 2026 was €4,969 Mil. Therefore, L3Harris Technologies's FCF Margin % for the quarter that ended in Mar. 2026 was -3.38%.

As of today, L3Harris Technologies's current FCF Yield % is 4.77%.

The historical rank and industry rank for L3Harris Technologies's FCF Margin % or its related term are showing as below:

FRA:HRS' s FCF Margin % Range Over the Past 10 Years
Min: 7.63   Med: 11.72   Max: 15.06
Current: 11.47


During the past 13 years, the highest FCF Margin % of L3Harris Technologies was 15.06%. The lowest was 7.63%. And the median was 11.72%.

FRA:HRS's FCF Margin % is ranked better than
79.54% of 347 companies
in the Aerospace & Defense industry
Industry Median: 0.64 vs FRA:HRS: 11.47


L3Harris Technologies FCF Margin % Related Terms


L3Harris Technologies FCF Margin % Historical Data

* Premium members only.

The historical data trend for L3Harris Technologies's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

L3Harris Technologies FCF Margin % Chart

L3Harris Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.16 11.17 8.48 10.09 12.27

L3Harris Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.97 10.17 7.55 31.94 -3.38

FRA:HRS vs TDG, HEI.A, NOC: FCF Margin % Comparison

For the Aerospace & Defense subindustry, L3Harris Technologies's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


L3Harris Technologies FCF Margin % vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's FCF Margin % distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's FCF Margin % falls into.


FRA:HRS
91GF Score
L3Harris Technologies Inc FRA:HRS
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

L3Harris Technologies FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

L3Harris Technologies's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2290.428/18672.71
=12.27 %

L3Harris Technologies's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-167.81/4968.56
=-3.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -3.38% mean?
L3Harris Technologies (FRA:HRS) has a FCF Margin % of -3.38% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on L3Harris Technologies and its competitors. Over the past decade, L3Harris Technologies' FCF Margin % has ranged from 7.63 to 15.06. According to the industry distribution chart, L3Harris Technologies ranks #71 out of 347 companies in the Aerospace & Defense industry, placing it in the top 20.5%.
Is L3Harris Technologies' FCF Margin % too high?
L3Harris Technologies' current FCF Margin % is -3.38%. Over the past 10 years, this metric has ranged from a low of 7.63 to a high of 15.06. Based on the distribution chart, L3Harris Technologies ranks #71 out of 347 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, L3Harris Technologies has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does L3Harris Technologies' FCF Margin % compare to TDG and HEI.A?
According to the Aerospace & Defense industry distribution chart, L3Harris Technologies ranks #71 out of 347 companies for FCF Margin %. This places L3Harris Technologies in the top 21% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 0.64. Historically, L3Harris Technologies' own FCF Margin % has ranged from 7.63 to 15.06 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Aerospace & Defense company?
The median FCF Margin % among Aerospace & Defense companies is 0.64, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on L3Harris Technologies and its competitors. For the Aerospace & Defense industry, the median FCF Margin % is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. L3Harris Technologies's current FCF Margin % is -3.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is L3Harris Technologies stock overvalued right now?
Based on GuruFocus' analysis, L3Harris Technologies (FRA:HRS) is currently considered Modestly Overvalued. The stock's GF Value™ is €223.93, compared to a current price of €252.10 — trading 12.6% above its estimated fair value. The current FCF Margin % is -3.38%. L3Harris Technologies' overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For L3Harris Technologies (FRA:HRS), the current FCF Margin % is -3.38% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is L3Harris Technologies (FRA:HRS) Overvalued in 2026?

Based on GuruFocus' analysis, L3Harris Technologies stock appears to be overvalued. The current stock price of €252.10 is trading 12.6% above its estimated GF Value™ of €223.93. GuruFocus considers L3Harris Technologies to be Modestly Overvalued.

Key valuation signals for FRA:HRS:

  • FCF Margin %: -3.38%
  • GF Value™: €223.93 vs. price of €252.10 (12.6% above fair value)
  • GF Score™: 91/100 with 5 warning signs

No single metric tells the full story. See the FRA:HRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


L3Harris Technologies Business Description

Address 1025 West NASA Boulevard, Melbourne, FL, USA, 32919
In addition to its legacy software-defined radio franchise, L3Harris Technologies has through a series of acquisitions established franchises producing uncrewed aerial vehicles, sensors, avionics, space-based systems, missiles, and solid rocket motors. It is also adept at refitting civilian aircraft for military use, provides military and commercial training services, and maintains the US Federal Aviation Administration's communications infrastructure.
91GF Score

Get the complete analysis for FRA:HRS

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€252.10
Price
€223.93
GF Value