L3Harris Technologies (LHX) ROIC: History & Chart

Name: L3Harris Technologies, Inc. (LHX) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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L3Harris Technologies, Inc.(LHX)

Aerospace & Defense · Melbourne Florida, FL

$245.54-2.83 (-1.14%)

Delayed quote: Sep 11, 2026, 4:00 PM EDT

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About L3Harris Technologies, Inc.

L3Harris Technologies, Inc. is a prominent technology firm specializing in aerospace and defense, delivering vital, high-stakes solutions to governmental and commercial clients across the globe. Its diverse operations are organized into several key segments: The Integrated Mission Systems division is responsible for providing versatile intelligence, surveillance, and reconnaissance (ISR) platforms, alongside various communication technologies. This unit also offers comprehensive support for fleet management, as well as the development, modification, and routine maintenance of sensors for ISR and airborne operations. Furthermore, it develops and integrates specialized mission systems tailored for naval vessels and maritime operations, including sophisticated signals and multi-intelligence platforms, autonomous surface and undersea vehicles, and advanced power and ship control electronics. Cutting-edge electro-optical and infrared technologies are also part of its offerings. The Space and Airborne Systems segment is dedicated to providing sophisticated space payloads, advanced sensor technologies, and complete mission solutions for space-based operations. It also offers secure intelligence and robust cyber defense capabilities, specialized avionics for mission-specific applications, and state-of-the-art electronic warfare systems. The Communication Systems division delivers reliable tactical communication tools and secure, broadband mobile networked communication devices. This encompasses airborne, space, and surface data link terminals, ground stations, and portable tactical satellite communication (SATCOM) systems designed for manned aircraft, unmanned aerial vehicles (UAVs), and naval vessels. The segment also produces integrated night vision systems, mountable on helmets and weapons, along with radio systems, applications, and equipment essential for critical public safety and professional communication needs. Additionally, it supplies SATCOM terminals and integrated battlefield management networks. Finally, the Aviation Systems segment focuses on defense-oriented aviation products, training for commercial pilots, and mission-critical network solutions for effective air traffic management. Originally established in 1895 as Harris Corporation, the company adopted its current name, L3Harris Technologies, Inc., in June 2019. Its headquarters are located in Melbourne, Florida.

Melbourne Florida, FL

45,000 employees

www.l3harris.com

Industrials / Aerospace & Defense

Sector: Industrials
Industry: Aerospace & Defense
CEO: Sam Mehta

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LHX Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

5.30%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

5.48%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

5.45%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

5.53%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

6.44%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

8.70%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

10.25%

CURRENT VS TTM AVG

-3.34%

CURRENT VS 3Y AVG

-2.87%

CURRENT VS 5Y AVG

-4.26%

CURRENT VS 10Y AVG

-17.68%

CURRENT VS 15Y AVG

-39.10%

CURRENT VS 20Y AVG

-48.33%

SECTOR MEDIAN · INDUSTRIALS

9.55%

median of 154 covered companies

CURRENT VS SECTOR MEDIAN

-44.55%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
L3Harris Technologies, Inc. (LHX)	$45.72B	5.30%	5.48%	5.45%	5.53%
HEICO Corporation (HEI-A)vs ›	$45.31B	11.37%	10.50%	9.87%	10.08%
Carrier Global Corporation (CARR)vs ›	$47.37B	5.03%	4.58%	5.74%	7.20%
HEICO Corporation (HEI)vs ›	$44.03B	11.37%	10.50%	9.87%	10.08%
Rockwell Automation, Inc. (ROK)vs ›	$47.67B	19.92%	13.19%	14.28%	13.82%
Westinghouse Air Brake Technologies Corporation (WAB)vs ›	$47.84B	7.64%	7.77%	6.65%	5.74%
Ferguson plc (FERG)vs ›	$43.16B	16.51%	10.88%	14.29%	16.21%
Thomson Reuters Corporation (TRI)vs ›	$42.50B	11.04%	11.66%	11.11%	10.22%
Honeywell Aerospace Inc (HONA)vs ›	$50.16B	22.59%	22.59%	22.59%	22.59%
Paychex, Inc. (PAYX)vs ›	$41.19B	20.44%	18.61%	25.57%	26.74%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

L3Harris Technologies, Inc. (LHX)

$45.72B

5.30%

5.48%

5.45%

5.53%

HEICO Corporation (HEI-A)vs ›

$45.31B

11.37%

10.50%

9.87%

10.08%

Carrier Global Corporation (CARR)vs ›

$47.37B

5.03%

4.58%

5.74%

7.20%

HEICO Corporation (HEI)vs ›

$44.03B

11.37%

10.50%

9.87%

10.08%

Rockwell Automation, Inc. (ROK)vs ›

$47.67B

19.92%

13.19%

14.28%

13.82%

Westinghouse Air Brake Technologies Corporation (WAB)vs ›

$47.84B

7.64%

7.77%

6.65%

5.74%

Ferguson plc (FERG)vs ›

$43.16B

16.51%

10.88%

14.29%

16.21%

Thomson Reuters Corporation (TRI)vs ›

$42.50B

11.04%

11.66%

11.11%

10.22%

Honeywell Aerospace Inc (HONA)vs ›

$50.16B

22.59%

Paychex, Inc. (PAYX)vs ›

$41.19B

20.44%

18.61%

25.57%

26.74%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for L3Harris Technologies, Inc. (LHX)?

The return on invested capital (ROIC) for LHX stock is 5.30%.

Is L3Harris Technologies, Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 5.30% is in line with its 5-year average of 5.53%, around the middle of its 5-year range (4.33%–6.13%).

What is the TTM average return on invested capital (ROIC) for L3Harris Technologies, Inc. (LHX)?

The TTM average return on invested capital (ROIC) for LHX stock is 5.48%.

What is the 3Y average return on invested capital (ROIC) for L3Harris Technologies, Inc. (LHX)?

The 3Y average return on invested capital (ROIC) for LHX stock is 5.45%.

What is the 5Y average return on invested capital (ROIC) for L3Harris Technologies, Inc. (LHX)?

The 5Y average return on invested capital (ROIC) for LHX stock is 5.53%.

What is the 10Y average return on invested capital (ROIC) for L3Harris Technologies, Inc. (LHX)?

The 10Y average return on invested capital (ROIC) for LHX stock is 6.44%.

What is the 15Y average return on invested capital (ROIC) for L3Harris Technologies, Inc. (LHX)?

The 15Y average return on invested capital (ROIC) for LHX stock is 8.70%.

What is the 20Y average return on invested capital (ROIC) for L3Harris Technologies, Inc. (LHX)?

The 20Y average return on invested capital (ROIC) for LHX stock is 10.25%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-07-03	5.30%
2026-04-03	5.37%
2026-01-02	5.13%
2025-10-03	6.13%
2025-06-27	6.04%
2025-03-28	5.87%
2025-01-03	5.51%
2023-12-29	5.41%
2023-09-29	4.33%
2023-06-30	4.89%
2023-03-31	5.04%
2022-12-30	5.63%
2022-09-30	5.75%
2022-07-01	5.78%
2022-04-01	5.50%
2021-12-31	5.61%
2021-10-01	5.59%
2021-07-02	5.40%
2021-04-02	5.11%
2021-01-01	4.88%
2020-10-02	4.57%
2020-07-03	3.92%
2020-04-03	3.79%
2019-12-31	3.08%
2019-09-27	2.67%
2019-06-28	10.86%
2019-03-29	11.40%
2018-12-28	11.22%
2018-09-28	10.40%
2018-06-29	10.36%
2018-03-30	9.06%
2017-12-29	8.61%
2017-09-29	8.85%
2017-06-30	8.60%
2017-03-31	7.66%
2016-12-30	7.25%
2016-09-30	7.57%
2016-07-01	7.53%
2016-04-01	6.29%
2016-01-01	5.84%
2015-10-02	4.93%
2015-07-03	4.53%
2015-04-03	15.68%
2015-01-02	15.61%
2014-09-26	15.66%
2014-06-27	15.47%
2014-03-28	14.46%
2013-12-27	14.39%
2013-09-27	14.97%
2013-06-28	15.18%
2013-03-29	17.51%
2012-12-28	17.55%
2012-09-28	17.20%
2012-06-29	16.66%
2012-03-30	13.74%
2011-12-30	12.05%
2011-09-30	12.54%
2011-07-01	13.19%
2011-04-01	13.52%
2010-12-31	14.75%
2010-10-01	16.46%
2010-07-02	16.39%
2010-04-02	19.40%
2010-01-01	18.53%
2009-10-02	19.16%
2009-07-03	19.47%
2009-04-03	16.11%
2009-01-02	15.75%
2008-09-26	13.39%
2008-06-27	12.71%
2008-03-28	12.17%
2007-12-28	11.20%
2007-09-28	10.89%
2007-06-29	11.03%
2007-03-30	12.53%
2006-12-29	14.62%
2006-09-29	12.32%
2006-06-30	10.47%
2006-03-31	9.76%
2005-12-30	9.24%
2005-09-30	10.18%
2005-07-01	11.63%
2005-04-01	10.41%
2004-12-31	9.57%
2004-10-01	9.14%
2004-07-02	8.52%
2004-04-02	6.67%
2004-01-02	5.85%
2003-09-26	4.47%
2003-06-27	3.48%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-07-03

5.30%

2026-04-03

5.37%

2026-01-02

5.13%

2025-10-03

6.13%

2025-06-27

6.04%

2025-03-28

5.87%

2025-01-03

5.51%

2023-12-29

5.41%

2023-09-29

4.33%

2023-06-30

4.89%

2023-03-31

5.04%

2022-12-30

5.63%

2022-09-30

5.75%

2022-07-01

5.78%

2022-04-01

5.50%

2021-12-31

5.61%

2021-10-01

5.59%

2021-07-02

5.40%

2021-04-02

5.11%

2021-01-01

4.88%

2020-10-02

4.57%

2020-07-03

3.92%

2020-04-03

3.79%

2019-12-31

3.08%

2019-09-27

2.67%

2019-06-28

10.86%

2019-03-29

11.40%

2018-12-28

11.22%

2018-09-28

10.40%

2018-06-29

10.36%

2018-03-30

9.06%

2017-12-29

8.61%

2017-09-29

8.85%

2017-06-30

8.60%

2017-03-31

7.66%

2016-12-30

7.25%

2016-09-30

7.57%

2016-07-01

7.53%

2016-04-01

6.29%

2016-01-01

5.84%

2015-10-02

4.93%

2015-07-03

4.53%

2015-04-03

15.68%

2015-01-02

15.61%

2014-09-26

15.66%

2014-06-27

15.47%

2014-03-28

14.46%

2013-12-27

14.39%

2013-09-27

14.97%

2013-06-28

15.18%

2013-03-29

17.51%

2012-12-28

17.55%

2012-09-28

17.20%

2012-06-29

16.66%

2012-03-30

13.74%

2011-12-30

12.05%

2011-09-30

12.54%

2011-07-01

13.19%

2011-04-01

13.52%

2010-12-31

14.75%

2010-10-01

16.46%

2010-07-02

16.39%

2010-04-02

19.40%

2010-01-01

18.53%

2009-10-02

19.16%

2009-07-03

19.47%

2009-04-03

16.11%

2009-01-02

15.75%

2008-09-26

13.39%

2008-06-27

12.71%

2008-03-28

12.17%

2007-12-28

11.20%

2007-09-28

10.89%

2007-06-29

11.03%

2007-03-30

12.53%

2006-12-29

14.62%

2006-09-29

12.32%

2006-06-30

10.47%

2006-03-31

9.76%

2005-12-30

9.24%

2005-09-30

10.18%

2005-07-01

11.63%

2005-04-01

10.41%

2004-12-31

9.57%

2004-10-01

9.14%

2004-07-02

8.52%

2004-04-02

6.67%

2004-01-02

5.85%

2003-09-26

4.47%

2003-06-27

3.48%

Return on Invested Capital (ROIC): 5.30%

LHX Return on Invested Capital (ROIC)

LHX Average Return on Invested Capital (ROIC) Chart

LHX Current vs Average Return on Invested Capital (ROIC) Chart

LHX Return on Invested Capital (ROIC) Metrics

LHX Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

LHX Return on Invested Capital (ROIC) History

Related Metrics