Yield Theory

Industrials stock comparison

LHX vs PH: which business are you actually underwriting?

Compare L3Harris Technologies, Inc. with Parker-Hannifin Corporation using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
Sector
Industrials
Industry
Different SIC
Shared themes
2
Updated
2026-02-12

LHX vs PH: quick comparison

Company factLHXPH
CompanyL3Harris Technologies, Inc.Parker-Hannifin Corporation
ExchangeNYSENYSE
HeadquartersNot recordedNot recorded
FoundedNot recordedNot recorded
SEC industrySearch, Detection, Navigation, Guidance, Aeronautical SysMiscellaneous Fabricated Metal Products
Fiscal year-endJanuary 2June 30
Latest annual filing10-K · 2026-02-1210-K · 2025-08-22

How the businesses differ

L3Harris Technologies, Inc. (LHX)

L3Harris Technologies makes communications, electronic warfare, and defense systems for the military.

Parker-Hannifin Corporation (PH)

Parker-Hannifin makes motion-control and fluid-power components for industrial and aerospace machinery.

The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. LHX is classified by the SEC as Search, Detection, Navigation, Guidance, Aeronautical Sys, while PH is classified as Miscellaneous Fabricated Metal Products. The different industry codes are a warning against treating sector membership as proof of identical economics.

Which thesis does each company fit?

Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.

Study LHX when…

  • Capital-spending and manufacturing PMIs
  • Reshoring and supply-chain reconfiguration
  • Defense budgets and geopolitical conflict
  • Freight rates and logistics demand

Study PH when…

  • Capital-spending and manufacturing PMIs
  • Reshoring and supply-chain reconfiguration
  • Defense budgets and geopolitical conflict
  • Freight rates and logistics demand

Shared research themes

US marketsWars & geopolitics

SEC filing comparison and disclosure evidence

Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.LHX's fiscal year ends January 2, while PH's ends June 30. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.

The current verified House Clerk snapshot contains 0matched transaction rows for LHXand 0 for PH. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.

What this comparison cannot tell you

This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.

A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.

LHX vs PH FAQs

Are LHX and PH direct competitors?

L3Harris Technologies, Inc. and Parker-Hannifin Corporation sit in the same Industrials sector but have different SEC industry classifications. The comparison is most useful for portfolio role and sector exposure, not as a claim that every product competes directly.

Which is better, LHX or PH?

There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.

Does this LHX vs PH comparison include live prices?

No. Yield Theory does not republish unlicensed real-time market data. Use a regulated broker or licensed quote provider for current prices, then use the primary filings here to test the business thesis.

Where does the company information come from?

Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-08-10. Business summaries and research themes are maintained by Yield Theory.

Data snapshot: SEC EDGAR submissions API, refreshed 2026-08-10. Independent educational research; not investment advice.

Go beyond LHX vs PH.

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