L3Harris Technologies, Inc. (LHX) vs Paychex, Inc. (PAYX)
A side-by-side comparison of L3Harris Technologies, Inc. and Paychex, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.
LHX
L3Harris Technologies, Inc.
$266.73IndustrialsAt close: Aug 21, 2026, 4:00 PM ET
PAYX
Paychex, Inc.
$124.48IndustrialsAt close: Aug 21, 2026, 4:00 PM ET
Total return — LHX vs PAYX
growth of $100 · dividends reinvested · last 10yLHX +254.5% (+13.5%/yr)PAYX +180.6% (+10.9%/yr)LHX compounded faster over this window
LHX PAYX
LHX vs PAYX: by the numbers
- •LHX is the larger company ($49.67B vs $44.27B market cap).
- •PAYX trades at the lower trailing earnings multiple (25.51 vs 26.94 P/E), one valuation lens rather than an overall verdict.
- •PAYX converts more revenue to profit (27.03% vs 8.17% net margin).
- •PAYX grew revenue faster over the past five years (9.93% vs 4.55% CAGR).
- •PAYX pays the higher dividend yield (3.56% vs 1.84%).
Metrics side by side
Valuation
| Metric | LHX | PAYX |
|---|---|---|
| P/E ratio | 26.94 | 25.51 |
| Forward P/E | 25.05 | 22.66 |
| P/S ratio | 2.19 | 6.85 |
| P/B ratio | 2.41 | 11.94 |
| EV / EBITDA | 17.09 | 16.28 |
| FCF yield | 5.59% | 5.21% |
Profitability
| Metric | LHX | PAYX |
|---|---|---|
| Gross margin | 25.48% | 74.29% |
| Operating margin | 10.04% | 38.55% |
| Net margin | 8.17% | 27.03% |
| ROE | 8.99% | 47.12% |
| ROIC | 5.30% | 20.44% |
Dividends
| Metric | LHX | PAYX |
|---|---|---|
| Dividend yield | 1.84% | 3.56% |
| Payout ratio | 57.18% | 90.41% |
Growth (annualized)
| Metric | LHX | PAYX |
|---|---|---|
| Revenue CAGR (5Y) | 4.55% | 9.93% |
| EPS CAGR (5Y) | -1.68% | 9.95% |
| FCF CAGR (5Y) | 2.78% | 15.18% |
| Total return CAGR (5Y) | 4.97% | 4.71% |
Frequently asked
- Which has the lower trailing P/E, LHX or PAYX?
- PAYX has the lower trailing P/E: LHX trades at 26.94 and PAYX at 25.51. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, LHX or PAYX?
- Over the past five years, PAYX grew revenue faster — LHX at a 4.55% CAGR versus PAYX at 9.93%.
- Does LHX or PAYX pay a bigger dividend?
- LHX yields 1.84% and PAYX yields 3.56% based on trailing dividends and the latest price.
- Is LHX or PAYX more profitable?
- PAYX runs the higher net margin — LHX at 8.17% versus PAYX at 27.03%.
- How have LHX and PAYX total returns compared?
- Over the past 10 years, LHX delivered 13.47% and PAYX delivered 10.93% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
L3Harris Technologies P/E ratioPaychex P/E ratioL3Harris Technologies dividend yieldPaychex dividend yieldL3Harris Technologies ROEPaychex ROEL3Harris Technologies operating marginPaychex operating marginL3Harris Technologies revenue growthPaychex revenue growthL3Harris Technologies free cash flowPaychex free cash flow
L3Harris Technologies & Paychex appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.