L3harris Technologies
L3harris Technologies returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jul 3, 2026 | 12.08% | 11.81% | — | 9.5% | 4.45% | 4.4 pp |
| FY 2026 Q1 | Apr 3, 2026 | 11.72% | 11.88% | — | 8.93% | 4.19% | 4 pp |
| FY 2025 Q4 | Jan 2, 2026 | 5.76% | 6.18% | — | 8.2% | 3.86% | -1.9 pp |
| FY 2025 Q3 | Oct 3, 2025 | 10.62% | 10.65% | — | 9.13% | 4.24% | 2.9 pp |
| FY 2025 Q2 | Jun 27, 2025 | 10.5% | 10.54% | — | 8.9% | 4.09% | 2.8 pp |
| FY 2025 Q1 | Mar 28, 2025 | 10.29% | 10.16% | — | 8.49% | 3.86% | 2.6 pp |
| FY 2024 Q4 | Jan 3, 2025 | 5.8% | 5.64% | — | 7.85% | 3.59% | -1.9 pp |
| FY 2024 Q3 | Sep 27, 2024 | 4.74% | 4.44% | — | 6.42% | 2.87% | -3 pp |
| FY 2024 Q2 | Jun 28, 2024 | — | 4.82% | — | 6.39% | 3.09% | — |
| FY 2024 Q1 | Mar 29, 2024 | — | 4.5% | — | 6.35% | 3.03% | — |
| FY 2023 Q4 | Dec 29, 2023 | 4.98% | 4.64% | -1.86% | 6.58% | 3.26% | -2.7 pp |
| FY 2023 Q3 | Sep 29, 2023 | 5.3% | 5.52% | 10.96% | 8.04% | 3.92% | -2.4 pp |
| FY 2023 Q2 | Jun 30, 2023 | 2.53% | 2.72% | -73.78% | 4.28% | 2.31% | -5.2 pp |
| FY 2023 Q1 | Mar 31, 2023 | 2.55% | 2.75% | — | 4.92% | 2.64% | -5.1 pp |
| FY 2022 Q4 | Dec 30, 2022 | 6.06% | 6.31% | — | 5.63% | 3.11% | -1.6 pp |
| FY 2022 Q3 | Sep 30, 2022 | 3% | 3.06% | — | 5.98% | 3.3% | -4.7 pp |
| FY 2022 Q2 | Jul 1, 2022 | 5.99% | 5.87% | — | 9.82% | 5.44% | -1.7 pp |
| FY 2022 Q1 | Apr 1, 2022 | — | — | — | 9.36% | 5.22% | — |
| FY 2021 Q4 | Dec 31, 2021 | 10.39% | 10.63% | — | 9.25% | 5.15% | 2.7 pp |
| FY 2021 Q3 | Oct 1, 2021 | — | — | — | 7.62% | 4.31% | — |
| FY 2021 Q2 | Jul 2, 2021 | — | — | — | 7.15% | 4.06% | — |
| FY 2021 Q1 | Apr 2, 2021 | — | — | — | 6.48% | 3.67% | — |
| FY 2020 Q4 | Jan 1, 2021 | 10.84% | 10.66% | 2.69% | 9.31% | 4.75% | 3.1 pp |
| FY 2020 Q3 | Oct 2, 2020 | — | — | — | — | — | — |
| FY 2020 Q2 | Jul 3, 2020 | — | — | — | — | — | — |
| FY 2020 Q1 | Apr 3, 2020 | — | — | — | — | — | — |
| FY 2019 Q4 | Jun 28, 2019 | 18.79% | 18.19% | — | 28.45% | 9.51% | 11.1 pp |
| FY 2019 Q3 | Mar 29, 2019 | — | — | — | 26.48% | 9.04% | — |
| FY 2019 Q2 | Dec 28, 2018 | — | — | — | 26.63% | 8.69% | — |
| FY 2019 Q1 | Sep 28, 2018 | — | — | — | 24.62% | 7.7% | — |
| FY 2018 Q4 | Jun 29, 2018 | 13.14% | 13.84% | 33.48% | 23.01% | 7.21% | 5.4 pp |
| FY 2018 Q3 | Mar 30, 2018 | 11.62% | 12.43% | — | 21.75% | — | 3.9 pp |
| FY 2018 Q2 | Dec 29, 2017 | 10.97% | 12.11% | — | 17.59% | — | 3.3 pp |
| FY 2018 Q1 | Sep 29, 2017 | 11.2% | 12.14% | — | 19.17% | — | 3.5 pp |
| FY 2017 Q4 | Jun 30, 2017 | 11.16% | 11.79% | — | 20.96% | 5.01% | 3.5 pp |
| FY 2017 Q3 | Mar 31, 2017 | — | — | — | 18.54% | 5.06% | — |
| FY 2017 Q2 | Dec 30, 2016 | — | — | — | 20.76% | 5.61% | — |
| FY 2017 Q1 | Sep 30, 2016 | — | — | — | 10.31% | 2.76% | — |
| FY 2016 Q4 | Jul 1, 2016 | 7.83% | 10.11% | — | 10.04% | 2.58% | 0.1 pp |
| FY 2016 Q3 | Apr 1, 2016 | — | — | — | 4.14% | 1.29% | — |
| FY 2016 Q2 | Jan 1, 2016 | — | — | — | 2.58% | 0.77% | — |
| FY 2016 Q1 | Oct 2, 2015 | — | — | — | 13.58% | 4.1% | — |
| FY 2015 Q4 | Jul 3, 2015 | — | — | — | 12.79% | 3.7% | — |
| FY 2015 Q3 | Apr 3, 2015 | — | — | — | 28.7% | 10.65% | — |
| FY 2015 Q2 | Jan 2, 2015 | — | — | — | 30.49% | 11.1% | — |
| FY 2015 Q1 | Sep 26, 2014 | — | — | — | 31.18% | 11.11% | — |
| FY 2014 Q4 | Jun 27, 2014 | — | — | — | 31.58% | 10.93% | — |
| FY 2014 Q3 | Mar 28, 2014 | — | — | — | 26.46% | 9.15% | — |
| FY 2014 Q2 | Dec 27, 2013 | — | — | — | 23.32% | 8.14% | — |
| FY 2014 Q1 | Sep 27, 2013 | — | — | — | 18.67% | 6.41% | — |
| FY 2013 Q4 | Jun 28, 2013 | — | — | — | 6.46% | 2.16% | — |
| FY 2013 Q3 | Mar 29, 2013 | — | — | — | 10.46% | 3.48% | — |
| FY 2013 Q2 | Dec 28, 2012 | — | — | — | -12.86% | -4.58% | — |
| FY 2013 Q1 | Sep 28, 2012 | — | — | — | -8.83% | -3.08% | — |
| FY 2012 Q4 | Jun 29, 2012 | — | — | — | 1.38% | 0.52% | — |
| FY 2012 Q3 | Mar 30, 2012 | — | — | — | 1.6% | 0.6% | — |
| FY 2012 Q2 | Dec 30, 2011 | — | — | — | 22.79% | 8.91% | — |
| FY 2012 Q1 | Sep 30, 2011 | — | — | — | 24.51% | 9.63% | — |
| FY 2011 Q4 | Jul 1, 2011 | — | — | — | 25.07% | 10.78% | — |
| FY 2011 Q3 | Apr 1, 2011 | — | — | — | 26.34% | 11.37% | — |
| FY 2011 Q2 | Dec 31, 2010 | — | — | — | 28.75% | 12.41% | — |
| FY 2011 Q1 | Oct 1, 2010 | — | — | — | 29.47% | 12.94% | — |
| FY 2010 Q4 | Jul 2, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Apr 2, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jan 1, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Oct 2, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · LHX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.