Saturday 10 October 2026
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RTX Corporation
RTX Industrials Aerospace & Defense
RTX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.6 billion, up 9.74% from fiscal 2024. In the quarter to June 2026, revenue grew 14.5%, EPS grew 27.4%, free cash flow grew 1,553.6% and total debt fell 10.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for five.
185.97
1.65
+0.90%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 52.48 | 67.24 | 63.23 | 64.97 | 43.44 | 65.02 | 80.27 | 68.56 | 83.96 | 112.27 |
Analyst estimates 2026–2028 Powerpack |
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| High | 70.29 | 80.86 | 90.72 | 95.07 | 99.71 | 92.32 | 106.02 | 104.91 | 128.70 | 188.00 | |||||
| People | |||||||||||||||
| People | Employees | 202,000 | 205,000 | 240,200 | 243,200 | 181,000 | 174,000 | 182,000 | 185,000 | 186,000 | 180,000 | ||||
| Revenue/emp, $m | 0.28 | 0.29 | 0.14 | 0.19 | 0.31 | 0.37 | 0.37 | 0.37 | 0.43 | 0.49 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 57,244 | 59,837 | 34,701 | 45,349 | 56,587 | 64,388 | 67,074 | 68,920 | 80,738 | 88,603 | ||||
| Gross margin, % | 27.55 | 26.13 | 20.85 | 23.71 | 15.08 | 19.40 | 20.38 | 17.54 | 19.09 | 20.08 | |||||
| EBT | 7,133 | 7,763 | 2,504 | 4,152 | (2,353) | 5,109 | 6,117 | 3,836 | 6,194 | 8,733 | |||||
| EBT margin, % | 12.46 | 12.97 | 7.22 | 9.16 | (4.16) | 7.93 | 9.12 | 5.57 | 7.67 | 9.86 | |||||
| Net income | 5,436 | 4,920 | 1,406 | 3,731 | (2,928) | 4,145 | 5,327 | 3,380 | 5,013 | 7,069 | |||||
| Depreciation | 1,962 | 2,140 | 1,896 | 2,708 | 7,339 | 4,557 | 4,108 | 4,211 | 4,364 | 4,378 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 69.96 | 75.74 | 43.35 | 53.05 | 41.68 | 42.88 | 45.46 | 48.33 | 60.61 | 66.05 | ||||
| Earnings | 6.18 | 5.76 | 6.58 | 6.48 | (2.59) | 2.57 | 3.52 | 2.24 | 3.58 | 5.02 | |||||
| Cash flow | 7.84 | 7.13 | 3.34 | 6.81 | 3.19 | 4.76 | 4.86 | 5.53 | 5.37 | 7.88 | |||||
| Capex | (2.55) | (3.03) | (2.33) | (2.60) | (1.55) | (1.63) | (1.88) | (2.22) | (2.43) | (2.33) | |||||
| Free cash flow | 5.29 | 4.10 | 1.00 | 4.21 | 1.64 | 3.13 | 2.98 | 3.31 | 2.95 | 5.55 | |||||
| Book value | 35.65 | 39.77 | 50.74 | 51.74 | 54.39 | 49.72 | 50.27 | 43.06 | 46.49 | 50.02 | |||||
| Shares, m | 818 | 790 | 800 | 855 | 1,358 | 1,502 | 1,476 | 1,426 | 1,332 | 1,341 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 11.32 | 13.98 | 10.12 | 14.57 | 0.00 | 33.36 | 28.64 | 37.71 | 32.32 | 36.46 | ||||
| P/S | 1.00 | 1.06 | 1.55 | 1.78 | 1.72 | 2.01 | 2.22 | 1.76 | 1.91 | 2.78 | |||||
| P/B | 1.96 | 2.03 | 1.32 | 1.82 | 1.31 | 1.73 | 2.01 | 1.98 | 2.49 | 3.67 | |||||
| EV/Sales | 1.29 | 1.37 | 2.68 | 2.62 | 2.12 | 2.37 | 2.60 | 2.30 | 2.35 | 3.12 | |||||
| EV/FCF | 17.07 | 25.40 | 115.84 | 33.00 | 53.94 | 32.53 | 39.71 | 33.66 | 48.39 | 37.12 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 6,412 | 5,631 | 2,670 | 5,821 | 4,334 | 7,142 | 7,168 | 7,883 | 7,159 | 10,567 | ||||
| Capex | (2,087) | (2,394) | (1,867) | (2,219) | (2,107) | (2,442) | (2,775) | (3,166) | (3,236) | (3,119) | |||||
| Free cash flow | 4,325 | 3,237 | 803 | 3,602 | 2,227 | 4,700 | 4,393 | 4,717 | 3,923 | 7,448 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 6,644 | 8,467 | 4,135 | 14,983 | 7,528 | 6,601 | 3,329 | 1,656 | (366) | 1,548 | ||||
| Total debt | 23,901 | 27,485 | 45,537 | 43,252 | 31,823 | 31,485 | 31,914 | 43,827 | 41,261 | 37,904 | |||||
| Net debt | 16,744 | 18,500 | 39,385 | 38,315 | 23,021 | 23,653 | 25,694 | 37,240 | 35,683 | 30,469 | |||||
| Shareholders’ equity | 29,169 | 31,421 | 40,610 | 44,231 | 73,852 | 74,664 | 74,178 | 61,410 | 61,923 | 67,102 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 5.71 | 4.88 | 4.56 | 4.04 | (2.33) | 2.39 | 3.25 | 1.99 | 2.94 | 4.03 | ||||
| ROIC | 11.19 | 10.19 | 2.25 | 3.72 | (1.22) | 3.26 | 3.44 | 2.26 | 4.19 | 5.96 | |||||
| ROE | 17.43 | 15.03 | 14.63 | 13.05 | (5.96) | 5.20 | 6.98 | 4.71 | 7.74 | 10.44 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
RTX Corporation vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GE GE Aerospace | $317.1B | 36.0× | 40.3× | +21.10% (above 0%: growing) | +19.37% (above 0%: growing) | +50.21% (above 0%: growing) | 35.03% | 23.11% | Compare |
| RTX RTX Corporation | $248.4B | 32.3× | 31.6× | +14.49% (above 0%: growing) | +27.42% (above 0%: growing) | +1,553.61% (above 0%: growing) | 20.77% | 11.38% | |
| BA The Boeing Company | $148.4B | 71.3× | 468× | +7.96% (above 0%: growing) | n/m | +417.59% (above 0%: growing) | 9.83% | 0.64% | Compare |
| LMT Lockheed Martin Corporation | $117.2B | 18.7× | 17.5× | +10.51% (above 0%: growing) | +446.58% (above 0%: growing) | +2,044.67% (above 0%: growing) | 12.19% | 12.36% | Compare |
| GD General Dynamics Corporation | $89.3B | 20.0× | 20.8× | +8.07% (above 0%: growing) | +13.49% (above 0%: growing) | +17.57% (above 0%: growing) | 15.49% | 10.36% | Compare |
| HWM Howmet Aerospace Inc. | $88.8B | 48.3× | 48.4× | +24.06% (above 0%: growing) | +31.68% (above 0%: growing) | +38.04% (above 0%: growing) | 37.34% | 27.92% | Compare |
| NOC Northrop Grumman Corporation | $68.8B | 15.2× | 19.5× | +5.07% (above 0%: growing) | −5.75% (below 0%: shrinking) | +53.53% (above 0%: growing) | 19.50% | 10.08% | Compare |
| TDG Transdigm Group Incorporated | $60.2B | 33.6× | 35.3× | +22.53% (above 0%: growing) | +10.86% (above 0%: growing) | +13.44% (above 0%: growing) | 59.39% | 44.76% | Compare |
| LHX L3Harris Technologies Inc | $44.1B | 23.8× | 26.5× | +8.39% (above 0%: growing) | +28.57% (above 0%: growing) | +37.43% (above 0%: growing) | 25.54% | 11.12% | Compare |
| Median of peers | $89.0B | 28.7× | 30.9× | +9.45% | +19.37% | +44.13% | 22.52% | 11.74% |
RTX metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
RTX Corporation (RTX) key facts
- Strength: RTX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.6 billion, up 9.74% from fiscal 2024.
- Strength: Net income was $7.1 billion, or $5.02 per share (basic), a net margin of 7.60%.
- RTX Corporation (RTX) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 9, 2026, RTX traded at $185.97, a market capitalization of $248.4 billion.
- At that price the stock trades at 32.3× trailing-twelve-month earnings and 2.7× sales; its P/E is higher than 58% of its own readings over the past ten years.
- RTX Corporation pays an annual dividend of $2.82 per share, a yield of 1.52%, with a payout ratio of 49.7%.
- Return on equity was 10.4% and debt-to-equity 0.55.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.59 (grey zone) for fiscal 2025.