LHX vs. NXT: L3Harris vs. Nextracker Stock Comparison

November 11, 2026

How do L3Harris (LHX) and Nextracker (NXT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

L3Harris (LHX) and Nextracker (NXT) both fall under the Capital Goods industry group, but LHX is classified in Aerospace & Defense while NXT is classified in Electrical Equipment.

L3Harris (LHX) has more than two decades of public-market history since December 31, 1981, whereas Nextracker (NXT) listed on February 9, 2023 and has a much shorter record to draw on.

Company profile comparison for L3Harris (LHX) and Nextracker (NXT)
Profile Item	LHX	NXT
Name	L3Harris Technologies, Inc.	Nextpower Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Electrical Equipment
GICS Sub-Industry	Aerospace & Defense	Electrical Components & Equipment
Market Capitalization	48.39 billion USD	16.00 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	December 31, 1981	February 9, 2023
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LHX

NXT

GSPC

L3Harris (LHX) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for L3Harris (LHX) and Nextracker (NXT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for L3Harris (LHX) and Nextracker (NXT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
Total Return (1Y)	-5.21%	0.06%
Total Return (3Y, Annualized)	16.68%	45.51%
Total Return (5Y, Annualized)	5.91%	--

Risk Profile

Drawdown History

LHX

NXT

GSPC

L3Harris (LHX) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for L3Harris (LHX) and Nextracker (NXT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Nextracker (NXT) has an aggressive beta of 1.66, indicating higher sensitivity to broad-market moves, while L3Harris (LHX) is defensive at 0.46 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
Volatility (1Y, Annualized)	29.75%	68.10%
Beta (5Y)	0.46	1.66
Max Drawdown (5Y)	-38.16%	-51.10%
Avg. Volume (3M)	1.70M	2.38M

Risk-Adjusted Performance

Risk-Return Positioning

LHX and NXT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
Sharpe Ratio (1Y)	-0.32	-0.06
Sortino Ratio (1Y)	-0.45	-0.09

Profitability

ROE (TTM)

Nextracker (NXT) at 26.46% sits in the top ROE quartile, while L3Harris (LHX) at 10.03% is closer to the peer norm — stronger capital efficiency for NXT.

LHX

Capital Goods industry group

10.03%

Max: 40.55%
Q3: 19.29%
Median: 12.12%
LHX: 10.03%
Q1: 4.08%
Min: -17.12%

NXT

Capital Goods industry group

26.46%

Max: 40.55%
NXT: 26.46%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Nextracker (NXT) at 15.98% retains a top-quartile share of revenue as profit, ahead of L3Harris (LHX) at 8.76%, which keeps about the industry-typical share.

LHX

Capital Goods industry group

8.76%

Max: 27.47%
Q3: 12.10%
LHX: 8.76%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

NXT

Capital Goods industry group

15.98%

Max: 27.47%
NXT: 15.98%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Nextracker (NXT) at 20.06% operates in the top operating margin quartile, ahead of L3Harris (LHX) at 14.34%, which runs around its industry’s norm.

LHX

Capital Goods industry group

14.34%

Max: 36.60%
Q3: 18.33%
LHX: 14.34%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

NXT

Capital Goods industry group

20.06%

Max: 36.60%
NXT: 20.06%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
ROE (TTM)	10.03%	26.46%
ROA (TTM)	4.56%	10.75%
Net Margin (TTM)	8.76%	15.98%
Operating Margin (TTM)	14.34%	20.06%
Gross Margin (TTM)	25.55%	21.84%

Growth

Revenue Growth

Nextracker (NXT) at 20.28% sits in the top revenue growth quartile, while L3Harris (LHX) at 2.53% is closer to the peer norm — faster top-line expansion for NXT.

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both L3Harris (LHX) at 8.39% and Nextracker (NXT) at 10.66% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
Revenue Growth (YoY)	2.53%	20.28%
Revenue Growth (3Y CAGR)	8.62%	23.23%
EPS Growth (YoY)	8.39%	10.66%
EPS Growth (3Y CAGR)	15.82%	476.90%

Financial Strength

Current Ratio (MRQ)

Nextracker (NXT) at 2.23 keeps current ratio within its industry’s typical mid-range, while L3Harris (LHX) at 1.20 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LHX.

LHX

Capital Goods industry group

1.20

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
LHX: 1.20
Min: 0.36

NXT

Capital Goods industry group

2.23

Max: 5.22
Q3: 2.95
NXT: 2.23
Median: 2.08
Q1: 1.43
Min: 0.36

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Nextracker (NXT) at 0.02 keeps leverage in the lower industry quartile, while L3Harris (LHX) at 0.52 runs a more typical debt-to-equity mix.

LHX

Capital Goods industry group

0.52

Max: 2.33
Q3: 1.12
Median: 0.60
LHX: 0.52
Q1: 0.29
Min: 0.00

NXT

Capital Goods industry group

0.02

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
NXT: 0.02
Min: 0.00

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
Current Ratio (MRQ)	1.20	2.23
Debt / Equity (MRQ)	0.52	0.02
Net Debt / EBITDA	1.88	-1.30

Dividends

Dividend Yield (TTM)

Nextracker (NXT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile L3Harris (LHX) reports a yield of 1.92%, ranking against industry peers normally.

LHX

Capital Goods industry group

1.92%

Max: 2.66%
LHX: 1.92%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

NXT

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
NXT: 0.00%
Q1: 0.00%
Min: 0.00%

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Nextracker (NXT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile L3Harris (LHX) reports a payout of 46.09%, ranking against industry peers normally.

LHX

Capital Goods industry group

46.09%

Max: 67.39%
LHX: 46.09%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

NXT

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
NXT: 0.00%
Q1: 0.00%
Min: 0.00%

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
Dividend Yield (TTM)	1.92%	0.00%
Dividend Payout Ratio (TTM)	46.09%	0.00%

Valuation

P/E Ratio (TTM)

Both L3Harris (LHX) at 24.20 and Nextracker (NXT) at 26.42 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

LHX

Capital Goods industry group

24.20

Max: 59.38
Q3: 35.92
Median: 25.41
LHX: 24.20
Q1: 19.47
Min: 3.03

NXT

Capital Goods industry group

26.42

Max: 59.38
Q3: 35.92
NXT: 26.42
Median: 25.41
Q1: 19.47
Min: 3.03

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

L3Harris (LHX) at 2.07 is priced about in line with its industry on P/S ratio, while Nextracker (NXT) at 4.17 sits in the pricier quartile — NXT costs more per dollar of sales.

LHX

Capital Goods industry group

2.07

Max: 7.54
Q3: 3.76
Median: 2.15
LHX: 2.07
Q1: 1.03
Min: 0.03

NXT

Capital Goods industry group

4.17

Max: 7.54
NXT: 4.17
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

L3Harris (LHX) at 2.39 is valued about in line with its industry on P/B ratio, while Nextracker (NXT) at 5.98 carries an above-peer premium to book — NXT is pricier on assets.

LHX

Capital Goods industry group

2.39

Max: 9.66
Q3: 5.00
Median: 3.12
LHX: 2.39
Q1: 1.81
Min: -1.08

NXT

Capital Goods industry group

5.98

Max: 9.66
NXT: 5.98
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

L3Harris (LHX) vs. Nextracker (NXT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for L3Harris (LHX) and Nextracker (NXT)
Metric	LHX	NXT
P/E Ratio (TTM)	24.20	26.42
P/S Ratio (TTM)	2.07	4.17
P/B Ratio (MRQ)	2.39	5.98
Free Cash Flow Yield (TTM)	7.09%	2.32%