Buyback yield (TTM)
1.32%
Shareholder yield (TTM)
2.70%
5Y share count change
-12.7%
Buyback spend (TTM)
$881.00M
Cumulative buybacks
$15.18B
Key takeaways
- L3Harris Technologies (LHX) repurchased about $881.00M of stock over the trailing twelve months.
- Diluted share count is down 12.7% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 3.57× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at -12.8% per year over the latest 5-year window.
- TTM repurchases used about 53% of free cash flow remaining after dividends.
Dividend & buyback yield over time for L3Harris Technologies (LHX)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for L3Harris Technologies (LHX)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for L3Harris Technologies (LHX)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for L3Harris Technologies (LHX)
Latest: $1.15B
Overview
As of the 2025 fiscal year, L3Harris Technologies (LHX) reported buyback spend of $1.15B – surged 108.3% year-over-year.
Through 2020–2025 (5 years), L3Harris Technologies buyback spend delivered a -12.8% annualised rate; sustaining 2 straight years of year-over-year growth.
L3Harris Technologies buyback spend plunged from $3.67B in 2021 to $1.15B in 2025, a 68.6% drawdown.
The record annual buyback spend stands at $3.67B, reached in 2021; the historical low of $0.00 was recorded in 1989.
L3Harris Technologies Buyback Spend 2025: $1.15B
2025's buyback spend for L3Harris Technologies came in at $1.15B, surged 108.3% from 2024.
L3Harris Technologies Buyback Spend 2024: $554.00M
L3Harris Technologies posted buyback spend of $554.00M in 2024, grew 6.9% from 2023.
L3Harris Technologies Buyback Spend 2023: $518.00M
In 2023, L3Harris Technologies reported buyback spend of $518.00M, plunged 52.2% below 2022.
L3Harris Technologies Buyback Spend 2022: $1.08B
L3Harris Technologies buyback spend in 2022 was $1.08B, plunged 70.5% below 2021.
L3Harris Technologies Buyback Spend 2021: $3.67B
L3Harris Technologies buyback spend in 2021 was $3.67B.
See more financial history for L3Harris Technologies (LHX).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.15B | $366.00M | $788.00M | 2.03% | 0.19B | -1.2% | |
| 2024 | $554.00M | $97.00M | $457.00M | 1.39% | 0.19B | +0.1% | |
| 2023 | $518.00M | $320.00M | $198.00M | 1.30% | 0.19B | -1.5% | |
| 2022 | $1.08B | $325.00M | $758.00M | 2.73% | 0.19B | -4.8% | |
| 2021 | $3.67B | $348.00M | $3.33B | 8.83% | 0.20B | -5.9% | |
| 2020 | $2.29B | $310.00M | $1.98B | 5.79% | 0.22B | -3.5% | |
| 2019 | $1.50B | $454.00M | $1.05B | 3.45% | 0.22B | +80.0% | |
| 2018 | $200.00M | $141.00M | $59.00M | 0.89% | — | — | |
| 2017 | $272.00M | $82.00M | $190.00M | 1.59% | — | — | |
| 2016 | $710.00M | $42.00M | $668.00M | 5.41% | 0.12B | -12.2% | |
| 2015 | $150.00M | $39.00M | $111.00M | 1.46% | — | — | |
| 2014 | $166.00M | $37.00M | $129.00M | 1.94% | — | — | |
| 2013 | $300.00M | $35.00M | $265.00M | 3.74% | — | — | |
| 2012 | $415.00M | $33.00M | $382.00M | 7.82% | — | — | |
| 2011 | $473.50M | $34.70M | $438.80M | 10.11% | — | — | |
| 2010 | $256.10M | $46.10M | $210.00M | 4.61% | — | — | |
| 2009 | $208.00M | $35.30M | $172.70M | 3.89% | — | — | |
| 2008 | $132.30M | $41.90M | $90.40M | 3.49% | — | — | |
| 2007 | $243.40M | $38.20M | $205.20M | 3.65% | — | — | |
| 2006 | $246.90M | $0.00 | $246.90M | 3.51% | — | — | |
| 2005 | $44.90M | $0.00 | $44.90M | 0.84% | 0.14B | -5.0% | |
| 2004 | $56.40M | $0.00 | $56.40M | 1.38% | — | — | |
| 2003 | $56.50M | $0.00 | $56.50M | 1.76% | — | — | |
| 2002 | $6.00M | $0.00 | $6.00M | 0.30% | — | — | |
| 2001 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 2000 | $92.20M | $0.00 | $92.20M | 5.25% | — | — | |
| 1999 | $232.80M | $0.00 | $232.80M | — | 0.15B | — | |
| 1998 | $15.70M | $0.00 | $15.70M | — | — | — | |
| 1997 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1996 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1995 | $26.00M | $0.00 | $26.00M | — | — | — | |
| 1994 | $29.80M | $0.00 | $29.80M | — | — | — | |
| 1993 | $36.70M | $0.00 | $36.70M | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $30.80M | $0.00 | $30.80M | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1988 | $7.60M | $0.00 | $7.60M | — | — | — |
- 2025$1.15B
- 2024$554.00M
- 2023$518.00M
- 2022$1.08B
- 2021$3.67B
- 2020$2.29B
- 2019$1.50B
- 2018$200.00M
- 2017$272.00M
- 2016$710.00M
- 2015$150.00M
- 2014$166.00M
- 2013$300.00M
- 2012$415.00M
- 2011$473.50M
- 2010$256.10M
- 2009$208.00M
- 2008$132.30M
- 2007$243.40M
- 2006$246.90M
- 2005$44.90M
- 2004$56.40M
- 2003$56.50M
- 2002$6.00M
- 2001$0.00
- 2000$92.20M
- 1999$232.80M
- 1998$15.70M
- 1997$0.00
- 1996$0.00
- 1995$26.00M
- 1994$29.80M
- 1993$36.70M
- 1992$0.00
- 1991$0.00
- 1990$30.80M
- 1989$0.00
- 1988$7.60M
Buybacks vs stock-based compensation for L3Harris Technologies (LHX)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 3.57×.
Buybacks vs dividends (share of cash returned) for L3Harris Technologies (LHX)
How L3Harris Technologies splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as L3Harris Technologies, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $1.68B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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