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RTX Corp. (RTX)

RTX is an aerospace and defense company, selling systems and services to commercial, military and government customers worldwide. It serves both the original equipment and the aftermarket parts and services sides of the aerospace industry, and the defense business works as prime contractor or subcontractor across a broad portfolio of programs. It was incorporated in Delaware in 1934. Three segments carry it: Collins Aerospace, Pratt & Whitney and Raytheon.

RTX Corp.

RTX is an aerospace and defense company, selling systems and services to commercial, military and government customers worldwide. It serves both the original equipment and the aftermarket parts and services sides of the aerospace industry, and the defense business works as prime contractor or subcontractor across a broad portfolio of programs. It was incorporated in Delaware in 1934. Three segments carry it: Collins Aerospace, Pratt & Whitney and Raytheon.

Collins Aerospace

Collins makes the equipment that goes round an aircraft rather than the engine. The filing lists electric power generation and distribution, environmental control, flight controls, air data and sensing, engine control systems and components, engine nacelles including thrust reversers and mounting pylons, aircraft lighting, cargo and evacuation systems, landing gear, wheels and brakes, communication, navigation and surveillance, fire and ice detection, integrated avionics and propellers. It also builds complete cabin interiors, from seating and oxygen systems to galleys and lavatories, and supplies environmental control and power systems and extravehicular activity suits for human space exploration. Aftermarket work covers spare parts, overhaul and repair, engineering support, training, fleet and asset management. Boeing and Airbus together were 16% of Collins segment sales before discounts and incentives in 2025, as in 2024, against 19% in 2023. During 2025 Collins secured over $4 billion in long-term agreements for maintenance, repair and overhaul and for spare parts.

Pratt & Whitney

Pratt & Whitney makes aircraft engines: large engines for widebody, narrowbody and large regional aircraft, engines for fighter, bomber, tanker and transport aircraft, small engines for regional airlines, business aviation and helicopters, and military and commercial auxiliary power units, with fleet management and overhaul alongside. Airbus is its largest commercial customer, at 29% of segment sales before discounts and incentives in 2025, down from 31% and 48% in the two previous years. The PW1000G Geared Turbofan family powers more than 2,600 aircraft for over 90 operators across the Airbus A320neo family, the Airbus A220 and the Embraer E-Jets E2. The aftermarket network for it reached 21 facilities worldwide during 2025, lifting PW1100G-JM shop visit output by approximately 26% year over year. The GTF Advantage engine was certified by the FAA and the European Union Safety Agency for the A320neo family in 2025.

Raytheon

Raytheon is the missiles and sensors business, working as prime contractor or major subcontractor on programs for the US Department of War and its services, the Missile Defense Agency, federal civil customers and international and classified customers. Its range covers integrated air and missile defense, smart weapons, missiles, sensors and radars, interceptors, space-based systems and hypersonics. Named products include the Patriot air and missile defense system, AMRAAM, StormBreaker, Javelin, Excalibur, Stinger, the Tomahawk and Standard Missile 6, the AIM-9X Sidewinder, the SPY-6 and AN/TPY-2 radars, Standard Missile 3 and the Next Generation Jammer. The filing describes the major new contracts awarded in 2025: AMRAAM for the US Navy, Air Force and international customers, Guidance Enhanced Missiles for the NATO Support and Procurement Agency and an international customer, low-rate initial production of LTAMDS for the US Army and Poland, Iron Dome Tamir production, SM-3 interceptors, AN/SPY-6 radars and Stinger missiles. Demand also rose for Coyote, a low-cost expendable unmanned aircraft system able to operate in autonomous swarms.

Customers and order book

Sales to the US government were $33,279 million in 2025, 38% of total net sales, down as a share from 40% and 46% in the two years before, and that figure excludes foreign military sales made through the US government. International sales were $41,312 million, 47% of the total, up from 43% in each of the two prior years. Total backlog, which the company equates to its remaining performance obligations, was $268 billion at the end of 2025 against $218 billion a year earlier, and the filing states that approximately 25% of it is expected to be recognised over the following twelve months.

Making it, and the people

Manufacturing, production and overhaul run through approximately 225 facilities in approximately 25 countries. The supply chain is global, some products need relatively scarce raw materials, and the company is largely dependent on foreign sources for cobalt, tantalum, chromium, rhenium, nickel and titanium. The filing records disruptions in recent years affecting rare earth elements, microelectronics and certain commodities, driven by market constraints, inflation and labour shortages, and says it anticipates they will continue. There were approximately 180,000 employees at the end of 2025, including approximately 54,000 engineering professionals and approximately 32,000 represented by labour unions or other employee bodies, spread across 52 countries with 69% in the United States.

From RTX's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in RTX became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 20 October 2026
Revenue
$25.0 billion
+11.1% on the year · +1.0% on the quarter
Q4 FY2024Q3 FY2026
Net income
$2.6 billion
+34.7% on the year · +20.8% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.89
+34.0% on the year · +20.4% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 6 February 2026
Revenue
$88.6 billion
+9.7% on the year
FY2018FY2025
Net income
$6.7 billion
+41.0% on the year
FY2018FY2025
Diluted EPS
$4.96
+39.7% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsRTX (RTX) reported revenue of $88.6 billion for fiscal 2025, the year ended 31 December 2025, up 9.7% on the year before. Net income was $6.7 billion and diluted earnings per share $4.96. Revenue was $80.7 billion in fiscal 2024, $68.9 billion in fiscal 2023, $67.1 billion in fiscal 2022 and $64.4 billion in fiscal 2021. Net income in the same years was $4.8 billion, $3.2 billion, $5.2 billion and $3.9 billion. Over the twelve months to 30 September 2026, RTX reported revenue of $96.0 billion and net income of $8.4 billion. Revenue grew 9.4% a year, compounded, over the five years to fiscal 2025. RTX declared $2.82 a share in dividends over the last four quarters and had 1.35 billion shares outstanding at the latest filed count. At 30 September 2026 it carried $37.4 billion of debt and $9.2 billion of cash. At the close of 6 November 2026 the market cap of RTX was $255.7 billion, 30.8 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE12.1%
ROCE10.6%
Operating margin11.8%
Net margin8.8%
FCF margin9.9%
Interest cover7.1x
Debt to equity0.54x
Cash conversion1.48x
Share count, last 12 months0.6%
Sales CAGR, 3 years9.7%
Profit CAGR, 3 years9.0%
EPS, TTM$6.16

At the close of 6 November 2026

Price$189.50
Market cap$255.7 billion
Stock P/E30.8x
Price to book3.7x
EV / EBITDA18.1x
Dividend yield1.5%
Market cap / sales2.7x
52-week high$225.49
52-week low$168.02
Price, 1 year8.2%
Price CAGR, 3 years31.9%
Price CAGR, 5 years15.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of RTX Corp.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
RTXgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022 †Q4 FY2022 * †Q1 FY2023 †Q2 FY2023 †Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue17,04415,71616,31416,95118,09317,21418,31513,46419,92719,30519,72120,08921,62320,30621,58122,47824,23822,07624,70824,965
Cost of revenue13,61612,56012,85613,46414,52613,64514,51812,75015,91815,74416,14116,05517,38816,19017,20517,89819,52117,48219,57519,160
Gross profit3,4283,1563,4583,4873,5673,5693,7977144,0093,5613,5804,0344,2354,1164,3764,5804,7174,5945,1335,805
Gross margin20%20%21%21%20%21%21%5%20%18%18%20%20%20%20%20%19%21%21%23%
R&D810635698662716607729712757669706751808637697684789627726711
SG&A1,4071,4691,4241,3511,3791,3631,6001,4011,4451,3941,4491,3891,5741,4481,5731,4361,6381,4761,6581,918
Operating income1,3201,0801,3531,5201,5011,6871,493-1,3961,7771,8705292,0282,1112,0352,1462,5232,5962,5552,8113,337
Operating margin8%7%8%9%8%10%8%-10%9%10%3%10%10%10%10%11%11%12%11%13%
Interest expense276318329311318315333369488405475496486443457449400390417381
Pre-tax income8671,2421,4981,6771,6501,8161,607-1,3221,7351,8514281,9062,0091,9582,0402,4382,2972,5202,7423,301
Tax rate11%9%11%17%11%18%15%n/a15%6%59%19%22%17%15%18%25%14%18%18%
Net income6861,0841,3041,3871,4221,4261,327-9841,4261,7091111,4721,4821,5351,6571,9181,6222,0592,1392,583
Net margin4%7%8%8%8%8%7%-7%7%9%1%7%7%8%8%9%7%9%9%10%
Diluted EPS$0.45$0.72$0.88$0.94$0.96$0.97$0.90-$0.68$1.05$1.28$0.08$1.09$1.10$1.14$1.22$1.41$1.19$1.51$1.57$1.89
Operating cash flown/a4761,2867784,628-8637193,3164,7113422,7332,5231,5611,3054584,6394,1651,8553,5472,868
Capital expenditure9544394795158555205265648054675375521,069513530614970546669749
Free cash flown/a37.08072633,773-1,3831932,7523,906-1252,1961,971492792-72.04,0253,1951,3092,8782,119
Buybacks3277431,0366164085625961,42910,28356.044.029450.050.00.00.00.00.00.00.0
Dividends paid745745798794791790844838767769823823802840910910914915983984
Shares outstanding1,492m1,487m1,477m1,470m1,465m1,461m1,456m1,438m1,327m1,330m1,330m1,331m1,332m1,336m1,339m1,341m1,342m1,347m1,348m1,349m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Revenue55,71659,11952,42552,27555,75457,70856,60057,90056,09857,24429,71334,70145,34956,58764,38867,07468,92080,73888,60395,987
Cost of revenue40,87943,63738,86137,95440,36942,15340,46840,89840,43141,46043,95327,46534,59848,05651,89753,40656,83165,32870,81475,738
Gross profit14,83715,48213,56414,32115,38515,55516,13217,00215,66715,784n/a7,23610,7518,53112,49113,66812,08915,41017,78920,249
Gross margin26.6%26.2%25.9%27.4%27.6%27.0%28.5%29.4%27.9%27.6%n/a20.9%23.7%15.1%19.4%20.4%17.5%19.1%20.1%21.1%
Research and development1,6781,7711,5581,6561,9512,3712,3422,4752,2792,3761,8761,8782,4522,5822,7322,7112,8052,9342,8072,853
Selling, general and administrative6,1096,7246,0365,7986,1616,4526,3646,1725,8865,9582,3872,8643,7115,5405,0465,5735,8095,8066,0956,690
Operating income7,0507,5096,3776,8987,8467,6848,5499,5937,2918,2212,9892,8774,914-1,8895,1365,5043,5616,5389,30011,299
Operating margin12.7%12.7%12.2%13.2%14.1%13.3%15.1%16.6%13.0%14.4%10.1%8.3%10.8%-3.3%8.0%8.2%5.2%8.1%10.5%11.8%
Interest expense666689705n/an/an/an/a8818241,0399221,0321,5911,3661,3221,2761,5051,8621,7491,588
Pre-tax income6,3846,9365,7606,2487,3506,9117,6548,7126,4677,1332,5222,5044,152-2,3535,1096,1173,8366,1948,73310,860
Income tax1,8361,8831,5811,7252,1341,7111,9992,2442,1111,6971,0541,0984215759647904561,1811,6642,033
Effective tax rate28.8%27.1%27.4%27.6%29.0%24.8%26.1%25.8%32.6%23.8%41.8%43.8%10.1%n/a18.9%12.9%11.9%19.1%19.1%18.7%
Net income4,2244,6893,8294,3734,9795,1305,7216,2207,6085,0554,5525,2695,537-3,5193,8645,1973,1954,7746,7328,403
Net margin7.6%7.9%7.3%8.4%8.9%8.9%10.1%10.7%13.6%8.8%15.3%15.2%12.2%-6.2%6.0%7.7%4.6%5.9%7.6%8.8%
Diluted EPS$4.27$4.90$4.12$4.74$5.49$5.66$6.25$6.82$8.61$6.12$5.70$6.50$6.41-$2.59$2.56$3.50$2.23$3.55$4.96$6.16
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025, 1 year left out

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Pratt & Whitneyn/an/an/an/an/an/an/an/a19,40420,90516,79018,15020,52718,29628,06432,91637.2%
Raytheonn/an/an/an/an/an/an/an/an/an/an/an/an/a26,22026,57027,89231.6%
Collins Aerospacen/an/an/an/an/an/an/an/an/an/an/an/an/a24,29425,92927,58531.2%
Acquisition Accounting Adjustmentsn/an/an/an/an/an/an/an/a00000n/an/an/an/a
Carrier11,335n/an/an/an/an/an/a16,851n/an/an/an/an/an/an/an/an/a
Collins Aerospace Systemsn/an/an/an/an/an/an/a14,46515,28524,43117,91016,99018,956n/an/an/an/a
FAS/CAS Operating Adjustmentn/an/an/an/an/an/an/an/a00000n/an/an/an/a
General corporate expenses00000000n/an/an/an/an/an/an/an/an/a
Hamilton Sundstrand5,560n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other Segmentsn/an/an/an/an/an/an/an/a00000n/an/an/an/a
Otis11,72311,57912,43712,05612,48412,98211,98011,893n/an/an/an/an/an/an/an/an/a
Pratt and Whitney12,39212,15012,71113,96414,50114,50814,08214,894n/an/an/an/an/an/an/an/an/a
Raytheon Intelligence & Spacen/an/an/an/an/an/an/an/a0010,14113,94412,955n/an/an/an/a
Raytheon Missiles & Defensen/an/an/an/an/an/an/an/a0011,21915,28914,626n/an/an/an/a
Sikorsky6,2876,6847,3556,791n/an/an/an/an/an/an/an/an/an/an/an/an/a
UTC Aerospace Systemsn/a4,3994,7608,33413,34714,21514,094n/an/an/an/an/an/an/an/an/an/a
UTC Climate, Controls and Securityn/a17,87618,86417,09016,80916,82316,707n/an/an/an/an/an/an/an/an/an/a
UTC Fire and Security5,503n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Eliminations and other-375-413-373-527-541-628-765-859n/an/an/an/an/an/an/an/an/a
Pratt & Whitney FY2018 to FY2025Raytheon FY2023 to FY2025Collins Aerospace FY2023 to FY2025Collins Aerospace Systems FY2016 to FY2022Raytheon Missiles & Defense FY2020 to FY2022Raytheon Intelligence & Space FY2020 to FY2022Pratt and Whitney FY2009 to FY2016Otis FY2009 to FY2016Carrier FY2009 to FY2016UTC Climate, Controls and Security FY2010 to FY2015UTC Aerospace Systems FY2010 to FY2015Sikorsky FY2009 to FY2012Hamilton Sundstrand FY2009UTC Fire and Security FY2009
52.7FY201058.2FY201258.5FY201458.1FY201645.3FY201964.4FY202168.8FY202388.4FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Eliminations and other is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Profit by segment FY2009 to FY2016

The operating profit each segment reports. Costs RTX does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016Margin
FY2016
Carrier740n/an/an/an/an/an/a2,84816.9%
Pratt and Whitney1,8351,8851,8671,5891,8762,0008611,50110.1%
Collins Aerospace Systemsn/an/an/an/an/an/an/a2,16715.0%
Otis2,4472,5752,8152,5122,5902,6402,3382,12517.9%
General corporate expenses-348-377-419-426-481-488-464-402n/a
Hamilton Sundstrand857n/an/an/an/an/an/an/an/a
Sikorsky608716840712n/an/an/an/an/a
UTC Aerospace Systemsn/a6547599442,0182,3551,888n/an/a
UTC Climate, Controls and Securityn/a1,7762,2122,4252,5902,7822,936n/an/a
UTC Fire and Security493n/an/an/an/an/an/an/an/a
Pratt and WhitneyCollins Aerospace Systems FY2016Hamilton Sundstrand FY2009UTC Climate, Controls and Security FY2010 to FY2015OtisCarrier FY2009 to FY2016UTC Aerospace Systems FY2010 to FY2015Sikorsky FY2009 to FY2012UTC Fire and Security FY2009General corporate expenses
6,632FY20097,229FY20108,074FY20117,756FY20128,593FY20139,289FY20147,559FY20158,239FY2016

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2016Share of salesShare of profit
Carrier29%33%
Pratt and Whitney26%17%
Collins Aerospace Systems25%25%
Otis20%25%
General corporate expenses0%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2016 to FY2025, 1 year left out

FY2016FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Products40,73524,14132,99843,31949,27050,77349,57159,61264,17172.4%
Services16,50910,56012,35113,26815,11816,30119,34921,12624,43227.6%
ProductsServices
57.2FY201645.3FY201964.4FY202168.9FY202388.6FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region FY2009 to FY2025, 6 years left out

FY2009FY2010FY2011FY2012FY2018FY2019FY2020FY2021FY2022FY2024FY2025Share
of the parts, latest year
United States27,99027,54728,99332,17515,66621,39734,56040,01141,19046,08747,29153.4%
Europe12,21611,67812,34411,8239,53111,3788,8569,59811,11115,97518,79921.2%
Asia Pacific7,1737,6589,0168,7336,6377,9357,6447,9698,05710,89313,78215.6%
Other regionsn/an/an/an/a1,9853,1092,0842,4313,1174,3255,1105.8%
Middle East and North African/an/an/an/a8821,5303,4434,3793,5993,4583,6214.1%
Other Geographic Regions4,9915,3695,3764,964n/an/an/an/an/an/an/an/a
Geographical Intersegment Eliminations55232513n/an/an/an/an/an/an/an/a
United StatesEuropeAsia PacificOther regions FY2018 to FY2025Middle East and North Africa FY2018 to FY2025Other Geographic Regions FY2009 to FY2012
52.4FY200955.7FY201134.7FY201856.6FY202067.1FY202288.6FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Geographical Intersegment Eliminations is the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart.

Cash flow

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Operating cash flow5,3306,1615,3535,7206,4606,6057,5057,3366,3833,880n/a6,3228,8833,6067,0717,1687,8837,15910,56712,435
Capital expenditure1,1531,2168268389291,3891,5691,5941,6521,6991,5561,4671,8681,7952,1342,2882,4152,6252,6272,934
Free cash flow4,1774,9454,5274,8825,5315,2165,9365,7424,7312,181n/a4,8557,0151,8114,9374,8805,4684,5347,9409,501
Free cash flow margin7.5%8.4%8.6%9.3%9.9%9.0%10.5%9.9%8.4%3.8%n/a14.0%15.5%3.2%7.7%7.3%7.9%5.6%9.0%9.9%
Cash from investing-3,182-2,336-1,104-3,150-672-18,795-1,323-1,967-2,794-2,509-3,127-17,259-2,6763,343n/a-2,829-3,039-1,534-1,265-2,958
Cash from financing-1,955-2,238-4,191-3,140-3,9838,021-5,940-4,249-10,776-1,1882,43812,209-1,913-3,860n/a-5,859-4,527-6,617-7,486-6,239
Depreciation and amortisation1,1731,3211,2581,3001,2631,5241,7351,8201,8631,9621,5801,8962,7084,1564,5574,1084,2114,3644,3784,377
Share-based compensationn/a211153148221210250219158152129169268330442420425437519637
Buybacks2,0013,1601,1002,2002,1750.01,2001,50010,0002,2541,45332515147.02,3272,80312,87044450.00.0
Dividends paid1,0801,2101,3561,4821,6021,7521,9082,0482,1842,0692,0742,1702,4422,7322,9573,1283,2393,2173,5743,796
Dividend per share$1.17$1.35$1.54$1.70$1.86$2.03$2.19$2.36$2.56$2.62$2.72$2.84$2.94$2.16$2.00$2.16$2.32$2.48$2.67n/a
Diluted shares, weighted989m956m929m923m907m907m915m912m883m826m799m810m864m1,358m1,508m1,486m1,435m1,344m1,356m1,368m
Shares outstanding at period endn/a1m1mn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,349m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010 †FY2011 †FY2012FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021 †FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity22,06415,76320,06621,38521,88025,91431,86631,21327,35827,57929,61038,44641,77472,16373,06872,63259,79860,15665,24569,250
Non-controlling interestn/a9189339479401,1551,3531,3511,4861,5901,8112,1642,4571,6891,5961,5461,6121,7671,8571,714
Redeemable equityn/an/an/an/an/a23811114012229613110995.032.035.036.035.035.036.028.0
Short-term borrowingsn/a1,023254n/an/an/an/an/an/an/an/an/an/an/a134n/a189183n/an/a
Debtn/a9,3379,49010,28910,26023,22120,24119,70120,42523,90127,48545,53743,25231,82331,35131,91443,63841,07837,90437,379
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.01,0931,5161,6571,5861,4121,6321,6021,495
Other liabilitiesn/a29,79625,01925,87228,37238,88137,02338,88438,09336,34037,88347,95551,04554,93053,56351,15055,18558,01064,43566,730
Total liabilities and equityn/a56,83755,76258,49361,45289,40990,59491,28987,48489,70696,920134,211139,716162,153161,404158,864161,869162,861171,079176,596
Owned
Fixed assetsn/a6,3486,3646,2806,2018,5188,8668,5928,7329,15810,1869,90610,32214,96214,97215,17015,74816,08916,86817,235
Goodwilln/a15,36316,29817,72117,94327,80128,16827,44827,30127,05927,91036,59036,60954,28554,43653,84053,69952,78953,34352,969
Intangible assetsn/a3,4433,5384,0603,91815,18915,52115,52815,60315,68415,88324,64224,47340,53938,51636,82335,39933,44331,84530,652
Investmentsn/an/an/an/an/an/an/an/an/an/an/an/a0.0881965774745786750707
Cash and equivalentsn/an/an/an/an/an/a4,6075,2357,0757,1576,1083,6934,9378,8027,8326,2206,5875,5787,4359,173
Receivablesn/a9,4808,4698,9259,54611,09911,45810,44810,65311,48112,5959,6028,7439,2549,6619,10810,83810,97614,70114,681
Inventoryn/an/a7,5097,7667,7979,53710,3307,6428,1358,7049,8818,0819,0479,4119,17810,61711,77712,76813,36414,953
Other assetsn/a22,20313,58413,74116,04717,26511,64416,3969,98510,46314,35741,69745,58524,01925,84426,31227,07630,43232,77336,226
Total assetsn/a56,83755,76258,49361,45289,40990,59491,28987,48489,70696,920134,211139,716162,153161,404158,864161,869162,861171,079176,596
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K8-K8-K8-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded4.7%9.4%9.7%11.6%
Profit growth, compounded-1.2%n/a9.0%27.5%
Return on equity, average9.2%7.2%7.9%10.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was RTX's revenue in fiscal 2025?

RTX (RTX) reported revenue of $88.6 billion for fiscal 2025, the year ended 31 December 2025, up 9.7% on the year before.

How much did RTX earn in fiscal 2025?

Net income was $6.7 billion for fiscal 2025, and diluted earnings per share $4.96.

What is RTX's P/E ratio?

At the close of 6 November 2026, RTX traded at 30.8 times its earnings over the twelve months to 30 September 2026.

What is RTX's market cap?

The market cap of RTX was $255.7 billion at the close of 6 November 2026.

Does RTX pay a dividend?

Yes. RTX declared $2.82 a share in dividends over the four quarters to 30 September 2026.

Peers: Aircraft

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
RTX Corp. RTX$255.7 billion30.7612.1%11.8%11.6%0.541.5%
Boeing Co. BA$137.4 billion18.87116.9%10.3%17.5%7.01n/a
Honeywell International Inc. HON$69.9 billion9.9431.5%25.5%3.9%0.743.6%
TransDigm Group Inc. TDG$66.2 billion36.33n/a46.0%16.7%n/an/a
Honeywell Aerospace Inc. HONA$48.5 billionn/an/an/an/an/an/a
Arxis, Inc. ARXS$21.5 billionn/an/a16.6%n/an/an/a
Heico Corp. HEI$18.4 billion55.3917.1%24.0%20.7%0.510.1%
Textron Inc. TXT$14.2 billion15.0612.0%n/a8.5%0.470.1%
StandardAero, Inc. SARO$9.1 billion26.2712.4%9.7%8.7%0.88n/a
Loar Holdings Inc. LOAR$7.1 billion119.724.9%22.9%33.8%0.78n/a
Joby Aviation, Inc. JOBY$6.0 billionn/a-39.4%-658.1%557.2%0.400.0%
Sifco Industries Inc. SIF$106 million26.419.6%5.2%18.8%0.17n/a
All 20 in Aircraft
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
RTX Corp. RTX$255.7 billion30.7612.1%11.8%11.6%0.541.5%
Boeing Co. BA$137.4 billion18.87116.9%10.3%17.5%7.01n/a
Honeywell International Inc. HON$69.9 billion9.9431.5%25.5%3.9%0.743.6%
TransDigm Group Inc. TDG$66.2 billion36.33n/a46.0%16.7%n/an/a
Honeywell Aerospace Inc. HONA$48.5 billionn/an/an/an/an/an/a
Arxis, Inc. ARXS$21.5 billionn/an/a16.6%n/an/an/a
Heico Corp. HEI$18.4 billion55.3917.1%24.0%20.7%0.510.1%
Textron Inc. TXT$14.2 billion15.0612.0%n/a8.5%0.470.1%
StandardAero, Inc. SARO$9.1 billion26.2712.4%9.7%8.7%0.88n/a
Loar Holdings Inc. LOAR$7.1 billion119.724.9%22.9%33.8%0.78n/a
Joby Aviation, Inc. JOBY$6.0 billionn/a-39.4%-658.1%557.2%0.400.0%
AeroVironment Inc. AVAV$5.7 billionn/a-4.6%-12.6%84.4%0.17n/a
AAR Corp. AIR$4.4 billion22.4111.1%n/a22.0%0.50n/a
Karman Holdings Inc. KRMN$4.3 billion82.6211.4%16.3%56.3%1.94n/a
Archer Aviation Inc. ACHR$3.4 billionn/an/an/an/a0.04n/a
Ducommun Inc. DCO$2.0 billion39.287.5%9.9%9.0%0.35n/a
Astronics Corp. ATRO$1.8 billion28.9439.9%13.4%14.5%1.57n/a
Park Aerospace Corp. PKE$514 million32.429.1%21.1%27.7%0.00n/a
Airo Group Holdings, Inc. AIRO$165 millionn/a-3.5%-20.2%n/a0.01n/a
Sifco Industries Inc. SIF$106 million26.419.6%5.2%18.8%0.17n/a
5 companies share its SEC industry code (Aircraft Engines & Engine Parts); the rest are the names nearest in size in its wider industry, Aircraft, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on RTX

Dividends$2.82 a share over the four quarters to 30 September 2026, a 1.49% yield
Filings19 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 officer or director change; 1 shareholder vote; 1 other events
Planned insider sales13 Form 144 notices in twelve months, $43.2 million; latest 30 October 2026
Options tapeput/call 0.97 by open interest at the 6 November 2026 close; the straddle prices a 3.6% move to 13 November 2026
13F holders3,473 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading19 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest13.8 million shares short, 3.46 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202620 October 2026EDGAR
10-Q30 June 202623 July 2026EDGAR
10-Q31 March 202621 April 2026EDGAR
10-K31 December 20256 February 2026EDGAR
10-Q30 September 202521 October 2025EDGAR
10-Q30 June 202522 July 2025EDGAR
10-Q31 March 202522 April 2025EDGAR
10-K31 December 20243 February 2025EDGAR
10-Q30 September 202422 October 2024EDGAR
10-Q30 June 202425 July 2024EDGAR

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