L3Harris Technologies (NYSE: LHX) has reported its full year and fourth quarter 2025 results, highlighting a book-to-bill ratio of 1.3x and a 3% increase in revenue to $21.9 billion for the full year, with a 5% organic growth. The company's cash from operations surged by 21% to $3.1 billion, while adjusted free cash flow also rose by 21% to $2.8 billion.
In the fourth quarter, L3Harris Technologies saw a 2% increase in revenue to $5.6 billion, with a 6% organic growth. The company's operating margin for the full year was 9.7%, with an adjusted segment operating margin of 15.8%. Diluted EPS for the year increased by 8% to $8.53, while non-GAAP diluted EPS surged by 11% to $10.73.
L3Harris Technologies reported a strong performance across its segments. The Communication Systems segment experienced a 3% increase in revenue, reaching $5.7 billion for the full year, with an operating margin of 25.2%. The Integrated Mission Systems segment saw flat revenue, but excluding the impact of the divestiture of its CAS business, organic revenue increased by 8%. The Space & Airborne Systems segment achieved a 1% increase in revenue, reaching $6.9 billion for the full year, with an operating margin of 12.3%. The Aerojet Rocketdyne segment reported a 10% increase in revenue to $2.8 billion for the full year, with an adjusted segment operating margin of 12.5%.
Looking ahead to 2026, L3Harris Technologies has provided guidance, expecting revenues to range from $23 billion to $23.5 billion. The company also anticipates a diluted EPS in the range of $11.30 to $11.50 and a free cash flow of approximately $3.0 billion.
The market has reacted to these announcements by moving the company's shares 1.77% to a price of $346.46. Check out the company's full 8-K submission here.
