L3Harris Technologies, Inc.
—- Market cap
- $46.25B
- Debt
- —
- Cash
- −$1.07B
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: LHX stock price vs NOC: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NOC's multiple
Needs NOC P/E.
Implied fair value · at LHX's multiple
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Higher is better
Reported gross margin
Operating income + D&A
Lower is better
Not comparable
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
12 period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Complete market value, debt and cash evidence is required for enterprise value.
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
L3HARRIS TECHNOLOGIES, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
NORTHROP GRUMMAN CORP /DE/ · implied price per share
Bear
$125.92
Base
$162.13
Bull
$209.29
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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If you believe the market will re-rate L3Harris down to NOC multiples, then reduce exposure (sell or underweight) because NOC-implied P/E valuation implies a drop to $187.35 (≈-47.2% from $354.73); if instead you believe L3Harris's superior growth (9.8%) and EBITDA margin (15.8%) will sustain a premium, then maintain or add exposure because those operating advantages could justify higher multiples despite lower ROIC.
L3Harris's current price implies a significant premium relative to NOC-implied valuation (current $354.73 vs NOC-implied $187.35, -47.2% downside). The gap is driven by a materially higher P/E (45.1x vs NOC 23.8x) and modestly higher P/S and EV multiples.
Supporting Metrics