LHX vs. PH: L3Harris vs. Parker-Hannifin Stock Comparison

November 11, 2026

How do L3Harris (LHX) and Parker-Hannifin (PH) 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 Parker-Hannifin (PH) both fall under the Capital Goods industry group, but LHX is classified in Aerospace & Defense while PH is classified in Machinery.

Company profile comparison for L3Harris (LHX) and Parker-Hannifin (PH)
Profile Item	LHX	PH
Name	L3Harris Technologies, Inc.	Parker-Hannifin Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Aerospace & Defense	Machinery
GICS Sub-Industry	Aerospace & Defense	Industrial Machinery & Supplies & Components
Market Capitalization	48.39 billion USD	115.73 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LHX

GSPC

L3Harris (LHX) vs. Parker-Hannifin (PH), 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 Parker-Hannifin (PH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for L3Harris (LHX) and Parker-Hannifin (PH)
Metric	LHX	PH
Total Return (1Y)	-5.21%	14.13%
Total Return (3Y, Annualized)	16.68%	33.71%
Total Return (5Y, Annualized)	5.91%	25.35%

Risk Profile

Drawdown History

LHX

GSPC

L3Harris (LHX) vs. Parker-Hannifin (PH), 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 Parker-Hannifin (PH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for L3Harris (LHX) and Parker-Hannifin (PH)
Metric	LHX	PH
Volatility (1Y, Annualized)	29.75%	27.33%
Beta (5Y)	0.46	1.12
Max Drawdown (5Y)	-38.16%	-28.64%
Avg. Volume (3M)	1.70M	627.57K

Risk-Adjusted Performance

Risk-Return Positioning

LHX and PH 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 Parker-Hannifin (PH)
Metric	LHX	PH
Sharpe Ratio (1Y)	-0.32	0.36
Sortino Ratio (1Y)	-0.45	0.53

Profitability

ROE (TTM)

Parker-Hannifin (PH) at 24.95% sits in the top ROE quartile, while L3Harris (LHX) at 10.03% is closer to the peer norm — stronger capital efficiency for PH.

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%

PH

Capital Goods industry group

24.95%

Max: 40.55%
PH: 24.95%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Parker-Hannifin (PH) at 16.62% 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%

PH

Capital Goods industry group

16.62%

Max: 27.47%
PH: 16.62%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Parker-Hannifin (PH) at 21.90% 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%

PH

Capital Goods industry group

21.90%

Max: 36.60%
PH: 21.90%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for L3Harris (LHX) and Parker-Hannifin (PH)
Metric	LHX	PH
ROE (TTM)	10.03%	24.95%
ROA (TTM)	4.56%	8.56%
Net Margin (TTM)	8.76%	16.62%
Operating Margin (TTM)	14.34%	21.90%
Gross Margin (TTM)	25.55%	37.70%

Growth

Revenue Growth

Both L3Harris (LHX) at 2.53% and Parker-Hannifin (PH) at 8.31% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both L3Harris (LHX) at 8.39% and Parker-Hannifin (PH) at 5.01% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for L3Harris (LHX) and Parker-Hannifin (PH)
Metric	LHX	PH
Revenue Growth (YoY)	2.53%	8.31%
Revenue Growth (3Y CAGR)	8.62%	4.09%
EPS Growth (YoY)	8.39%	5.01%
EPS Growth (3Y CAGR)	15.82%	21.09%

Financial Strength

Current Ratio (MRQ)

Both L3Harris (LHX) at 1.20 and Parker-Hannifin (PH) at 0.94 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

PH

Capital Goods industry group

0.94

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
PH: 0.94
Min: 0.36

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both L3Harris (LHX) at 0.52 and Parker-Hannifin (PH) at 1.09 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

PH

Capital Goods industry group

1.09

Max: 2.33
Q3: 1.12
PH: 1.09
Median: 0.60
Q1: 0.29
Min: 0.00

L3Harris (LHX) vs. Parker-Hannifin (PH): 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 Parker-Hannifin (PH)
Metric	LHX	PH
Current Ratio (MRQ)	1.20	0.94
Debt / Equity (MRQ)	0.52	1.09
Net Debt / EBITDA	1.88	2.81

Dividends

Dividend Yield (TTM)

L3Harris (LHX) at 1.92% delivers top-quartile income for its industry, while Parker-Hannifin (PH) at 0.85% pays a more typical yield — both are credible income propositions, LHX the richer one.

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%

PH

Capital Goods industry group

0.85%

Max: 2.66%
Q3: 1.14%
PH: 0.85%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Parker-Hannifin (PH) at 26.11% pays out a band-typical share of earnings, while L3Harris (LHX) at 46.09% distributes more than its industry norm — less retained, thinner cover.

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%

PH

Capital Goods industry group

26.11%

Max: 67.39%
Q3: 28.02%
PH: 26.11%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for L3Harris (LHX) and Parker-Hannifin (PH)
Metric	LHX	PH
Dividend Yield (TTM)	1.92%	0.85%
Dividend Payout Ratio (TTM)	46.09%	26.11%

Valuation

P/E Ratio (TTM)

Both L3Harris (LHX) at 24.20 and Parker-Hannifin (PH) at 31.53 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

PH

Capital Goods industry group

31.53

Max: 59.38
Q3: 35.92
PH: 31.53
Median: 25.41
Q1: 19.47
Min: 3.03

L3Harris (LHX) vs. Parker-Hannifin (PH): 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 Parker-Hannifin (PH) at 5.16 sits in the pricier quartile — PH 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

PH

Capital Goods industry group

5.16

Max: 7.54
PH: 5.16
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

L3Harris (LHX) vs. Parker-Hannifin (PH): 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 Parker-Hannifin (PH) at 7.25 carries an above-peer premium to book — PH 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

PH

Capital Goods industry group

7.25

Max: 9.66
PH: 7.25
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

L3Harris (LHX) vs. Parker-Hannifin (PH): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for L3Harris (LHX) and Parker-Hannifin (PH)
Metric	LHX	PH
P/E Ratio (TTM)	24.20	31.53
P/S Ratio (TTM)	2.07	5.16
P/B Ratio (MRQ)	2.39	7.25
Free Cash Flow Yield (TTM)	7.09%	2.45%