Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $17,814 | $17,062 | $19,419 | N/A | $21,325 |
| Gross Profit | $5,376 | $4,927 | $5,113 | N/A | $5,524 |
| Operating Income | $3,342 | $1,826 | $1,426 | N/A | $1,918 |
| Net Income | $1,846 | $1,062 | $1,227 | N/A | $1,502 |
Over the five-year period provided, L3Harris Technologies’ revenue exhibited both contraction and recovery. In 2021, the company reported a revenue of USD 17,814 million, which declined to USD 17,062 million in 2022—a drop of approximately 4.3%. This decline was accompanied by a sharper decrease in gross profit, operating income, and net income. Specifically, operating income fell from USD 3,342 million in 2021 to USD 1,826 million in 2022 (a decline of roughly 45%), while net income dropped from USD 1,846 million to USD 1,062 million (about a 42% decrease). By 2023, revenue rebounded significantly to USD 19,419 million (an increase of nearly 14% versus 2022), and net income modestly recovered to USD 1,227 million, although operating income further declined to USD 1,426 million—a signal that while top-line recovery was evident, profitability metrics still faced headwinds during that period. Excluding the anomalous 2024 data, the 2025 figures indicate a solid turnaround in the company’s performance. Revenues increased to USD 21,325 million, and gross profit improved to USD 5,524 million, demonstrating consistent growth over the recovery phase. Notably, operating income experienced a robust jump to USD 1,918 million—a 34% increase from the 2023 level—while net income rose by approximately 22% to USD 1,502 million, suggesting improvements in margin management and cost control. Overall, based on the provided metrics, L3Harris Technologies appears to be on a recovery trajectory with improving profitability despite previous declines. The company’s performance indicates a healthy long-term financial outlook, contingent on stabilizing revenue growth and maintaining efficient operational management within its industry context.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.