LHX
L3Harris Technologies, Inc.
LHX has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW's outlook is improving, though it still trails on the overall score.
LHX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
LHX's revenue, profitability, cash flow and balance sheet are all currently healthy.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
LHX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 21x | $272 | — |
| Current | 25x | $272 | — |
| Cheap | 26x | $275 | +1.2% |
| Fair | 31x | $334 | +23% |
| Expensive | 38x | $403 | +48% |
Historical ranges are pointers, not guarantees.
LHX's PE is in its cheap range at 25x. If earnings grow as analysts expect, today's price would be 21x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
LHX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for LHX, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
LHX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.93 | +21% |
| Q3 2026 | $10.72 | +15% |
| Q2 2026 | $9.90 | +11% |
| Q1 2026 | $9.21 | +9.3% |
| Q4 2025 | $8.53 | +8.4% |
| Q3 2025 | $9.31 | +47% |
| Q2 2025 | $8.95 | +43% |
| Q1 2025 | $8.43 | +37% |
| Q4 2024 | $7.87 | +22% |
LHX has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
LHX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.1B | +7.1% |
| Q2 2026 | $5.9B | +8.4% |
| Q1 2026 | $5.7B | +12% |
| Q4 2025 | $21.9B | +296% |
| Q3 2025 | $5.7B | +6.9% |
| Q2 2025 | $5.4B | +2.4% |
| Q1 2025 | $5.1B | -1.5% |
| Q4 2024 | $5.5B | +3.4% |
LHX's revenue has grown year over year for six quarters in a row: $6.1B last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2 points |
| Q2 2026 | 11% | +0.6 points |
| Q1 2026 | 11% | +1.1 points |
| Q4 2025 | 9.7% | -0.7 points |
| Q3 2025 | 11% | +1.6 points |
| Q2 2025 | 11% | +1.5 points |
| Q1 2025 | 10% | +3 points |
| Q4 2024 | 10% | +8.9 points |
LHX has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
LHX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +195% |
| Q2 2026 | $771M | +40% |
| Q1 2026 | -$194M | -$93M |
| Q4 2025 | $1.8B | +78% |
| Q3 2025 | $427M | -39% |
| Q2 2025 | $552M | -16% |
| Q1 2025 | -$101M | +$118M |
| Q4 2024 | $1B | +55% |
LHX has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
LHX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -400K shares |
| 1 year | -0.6% | -1.2M shares |
| 3 years | -1.7% | -3.2M shares |
| 5 years | -7.3% | -14.7M shares |
| Available history | -16% | -35.2M shares |
LHX has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $73M |
| Q2 2026 | $229M |
| Q1 2026 | $296M |
| Q4 2025 | $156M |
| Q3 2025 | $176M |
| Q2 2025 | $253M |
| Q1 2025 | $569M |
| Q4 2024 | $42M |
LHX spent $754M buying back its own shares over the past year, down 28% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
LHX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.6x | Elevated |
LHX's net debt is about 1.6 years of its operating earnings (EBITDA), down from 3.3 years a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
LHX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.1 | Neutral |
| Stochastic | 55.9 | Neutral |
LHX's weekly RSI is 49 (neutral) and its Stochastic is 56 (neutral).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
LHX PE vs Industrials Sector
| Metric | LHX | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 24x | 5.4% above |
| PE % | 15 | 58 | 43 pts below |
LHX is trading at 25x earnings, in line with the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
LHX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $252.9 | 7.5% above |
| 20 week MA | $266.6 | 2% above |
| 50 week MA | $302.5 | 10% below |
| 100 week MA | $274.3 | 0.9% below |
| 200 week MA | $241.3 | 13% above |
LHX has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
LHX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $201.7 | $185.2 | -8.2% |
| 2021 | $185.2 | $208.3 | +12% |
| 2022 | $208.3 | $206.2 | -1% |
| 2023 | $206.2 | $210.6 | +2.1% |
| 2024 | $210.6 | $212.4 | +0.8% |
| 2025 | $212.4 | $296.8 | +40% |
| 2026 YTD | $296.8 | $271.8 | -8.4% |
LHX has finished higher in four of the last six years. It's down 8.4% so far in 2026.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over LHX on returns for 2026, with the stronger performance.