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Saturday 31 October 2026 Export RTX’s income statement to Excel — free account

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.

200.29 0.89 +0.45%
Market cap
$269.1B
P/E
34.8×
Fwd P/E
30.1×
Dividend yield
1.41%
F-score
8/9
Altman Z
2.59
Beneish M
−2.32
Dividend safety
77/100
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Insider Decisions trades per month

Total sells 39.55
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 7 — — — — 3 1 — —
Insider Ownership 0.05%

Capital & Financial Ratios $m

Market Cap 269,080.00
Revenue 93,500.00
Net Income 8,125.00
Free Cash Flow 10,985.00
Net Debt 29,078.00
Current Ratio 1.01
Debt/Equity 0.55
P/E ratio 34.83
Fwd P/E 30.10
P/S ratio 2.89
P/B ratio 3.97
Past 5Y EPS Growth —
This Y EPS Growth 22.19% (at or above 15%: strong)
Next Y EPS Growth 5.55%
Next Y revenue growth 9.77%
Next 5Y EPS Growth 12.82%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.2×, against a ten-year median of 2.5×; over the ten years it ranged from 1.1× in 2016 to 4.1× in 2019.
P/E against its own 10 years 68.99%
10-year low 10-year high
P/S against its own 10 years 96.25%
10-year low 10-year high
P/B against its own 10 years 97.43%
10-year low 10-year high
EV/Sales against its own 10 years 91.88%
10-year low 10-year high
EV/FCF against its own 10 years 28.17%
10-year low 10-year high

Dividends

Payout Ratio 0.50
Annual Dividend Rate 2.82
Annual Dividend Yield 1.41%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.83
0.68
0.73
0.73
2025 2.67
0.63
0.68
0.68
0.68
2024 2.48
0.59
0.63
0.63
0.63
2023 2.32
0.55
0.59
0.59
0.59
2022 2.16
0.51
0.55
0.55
0.55
2021 2.01
0.48
0.51
0.51
0.51
2020 1.89
0.46
0.48
0.48
0.48
2019 1.85
0.46
0.46
0.46
0.46
2018 1.78
0.44
0.44
0.44
0.46
2017 1.71
0.42
0.42
0.44
0.44
2016 1.65
0.40
0.42
0.42
0.42
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6,587 5,578 7,435 8,305
Receivables 10,838 10,976 14,701 13,942
Inventory 11,777 12,768 13,364 14,409
Other 19,215 21,811 24,832 27,256
48,417 51,133 60,332 63,912
2023 2024 2025 Q'26
Payables 10,698 12,897 15,895 16,998
ST’ Debt 1,472 2,535 3,616 5,525
Other 17,183 18,616 21,615 22,671
46,761 51,499 58,784 63,245

Compound Annual Growth %

10y 5y 3y
Sales 4.68% 9.38% 9.72%
Cash Flow 4.58% 19.51% 13.81%
Earnings (1.22%) 0.00% 9.01%
Book Value 8.81% (1.90%) (3.29%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.78 Actual 2.26

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.46 1.55 Beat by 0.09
Q1 FY26 1.52 1.78 Beat by 0.26
Q2 FY26 1.66 1.89 Beat by 0.23
Q3 FY26 1.78 2.26 Beat by 0.48
Q4 FY26 1.83 — Reports 26 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.51 1.57 — — —
’25 1.14 1.22 1.41 1.19 4.96
’24 1.28 0.08 1.09 1.10 3.55
’23 0.97 0.90 (0.68) 1.05 2.23
’22 0.72 0.88 0.94 0.96 3.50
’21 0.50 0.68 0.93 0.46 2.56
’20 (0.10) (2.55) 0.17 0.09 (2.59)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 22,076 24,708 — — —
’25 20,306 21,581 22,478 24,238 88,603
’24 19,305 19,721 20,089 21,623 80,738
’23 17,214 18,315 13,464 19,927 68,920
’22 15,716 16,314 16,951 18,093 67,074
’21 15,251 15,880 16,213 17,044 64,388
’20 11,360 14,061 14,747 16,419 56,587
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,855 3,547 — — —
’25 1,305 458 4,639 4,165 10,567
’24 342 2,733 2,523 1,561 7,159
’23 (863) 719 3,316 4,711 7,883
’22 476 1,286 778 4,628 7,168
’21 723 1,326 1,932 3,161 7,142
’20 1,132 210 1,622 1,370 4,334
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,211 2,820 — — —
’25 688 (194) 3,904 3,050 7,448
’24 (288) 2,041 1,842 328 3,923
’23 (1,537) 33 2,530 3,691 4,717
’22 (45) 704 130 3,604 4,393
’21 304 938 1,421 2,037 4,700
’20 729 (276) 1,203 571 2,227
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low 52.48 63.36 59.58 61.21 40.93 65.02 80.27 68.56 83.96 112.27 +8.8% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 69.12 76.19 85.47 89.58 93.95 92.32 106.02 108.84 128.70 188.00 +11.8% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 202,000 205,000 240,200 243,200 181,000 174,000 182,000 185,000 186,000 180,000 (1.3%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.28 0.29 0.14 0.19 0.31 0.37 0.37 0.37 0.43 0.49 +6.3% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
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 +5.0% 97,262 104,745 112,565 +8.3%
Gross margin, % 27.55 26.13 20.85 23.71 15.08 19.40 20.38 17.54 19.09 20.08 (7.5) pt
EBT 7,133 7,763 2,504 4,152 (2,353) 5,109 6,117 3,836 6,194 8,733 +2.3%
EBT margin, % 12.46 12.97 7.22 9.16 (4.16) 7.93 9.12 5.57 7.67 9.86 (2.6) pt
Net income 5,436 4,920 1,406 3,731 (2,928) 4,145 5,327 3,380 5,013 7,069 +3.0%
Depreciation 1,962 2,140 1,896 2,708 7,339 4,557 4,108 4,211 4,364 4,378 +9.3%
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 (0.6%)
Earnings 6.18 5.76 6.58 6.48 (2.59) 2.57 3.52 2.24 3.58 5.02 (2.3%)
Cash flow 7.84 7.13 3.34 6.81 3.19 4.76 4.86 5.53 5.37 7.88 +0.1%
Capex (2.55) (3.03) (2.33) (2.60) (1.55) (1.63) (1.88) (2.22) (2.43) (2.33) (1.0%)
Free cash flow 5.29 4.10 1.00 4.21 1.64 3.13 2.98 3.31 2.95 5.55 +0.5%
Book value 35.65 39.77 50.74 51.74 54.39 49.72 50.27 43.06 46.49 50.02 +3.8%
Shares, m 818 790 800 855 1,358 1,502 1,476 1,426 1,332 1,341 +5.6%
Valuation, ×
Valuation, × P/E 10.67 13.17 9.54 13.72 0.00 33.36 28.64 37.71 32.32 36.46 21.6
P/S 0.94 1.00 1.46 1.67 1.72 2.01 2.22 1.76 1.91 2.78 1.7
P/B 1.84 1.91 1.24 1.72 1.31 1.73 2.01 1.98 2.49 3.67 2.0
EV/Sales 1.23 1.31 2.59 2.52 2.12 2.37 2.60 2.30 2.35 3.12 2.3
EV/FCF 16.30 24.26 111.98 31.71 53.94 32.53 39.71 33.66 48.39 37.12 43.0
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 +5.7%
Capex (2,087) (2,394) (1,867) (2,219) (2,107) (2,442) (2,775) (3,166) (3,236) (3,119) +4.6%
Free cash flow 4,325 3,237 803 3,602 2,227 4,700 4,393 4,717 3,923 7,448 +6.2%
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 (14.9%)
Total debt 23,901 27,485 45,537 43,252 31,823 31,485 31,914 43,827 41,261 37,904 +5.3%
Net debt 16,744 18,500 39,385 38,315 23,021 23,653 25,694 37,240 35,683 30,469 +6.9%
Shareholders’ equity 29,169 31,421 40,610 44,231 73,852 74,664 74,178 61,410 61,923 67,102 +9.7%
Returns, %
Returns, % ROA 5.71 4.88 4.56 4.04 (2.33) 2.39 3.25 1.99 2.94 4.03 (1.7) pt
ROIC 11.19 10.19 2.25 3.72 (1.22) 3.26 3.44 2.26 4.19 5.96 (5.2) pt
ROE 17.43 15.03 14.63 13.05 (5.96) 5.20 6.98 4.71 7.74 10.44 (7.0) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Pratt & Whitney 32,916 37.15%
Collins Aerospace 30,196 34.08%
Raytheon 28,043 31.65%
Other 210 0.24%
Gross margin 20.08%
Operating margin 10.50%
Pre-tax margin 9.86%

Revenue by segment since 2009

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 $323.5B 35.2× 32.9× +21.10% (above 0%: growing) +19.37% (above 0%: growing) +50.21% (above 0%: growing) 35.03% 23.11% Compare
RTX RTX Corporation $269.1B 34.8× 30.1× +14.49% (above 0%: growing) +27.42% (above 0%: growing) +1,553.61% (above 0%: growing) 20.77% 11.38%
LMT Lockheed Martin Corporation $148.7B 23.4× 19.7× +10.51% (above 0%: growing) +446.58% (above 0%: growing) +2,044.67% (above 0%: growing) 12.19% 12.36% Compare
BA The Boeing Company $136.8B 64.2× — (loss-making) +7.96% (above 0%: growing) n/m +417.59% (above 0%: growing) 9.83% 0.64% Compare
GD General Dynamics Corporation $100.3B 22.4× 20.6× +8.07% (above 0%: growing) +13.49% (above 0%: growing) +17.57% (above 0%: growing) 15.49% 10.36% Compare
HWM Howmet Aerospace Inc. $82.1B 42.8× 33.7× +24.06% (above 0%: growing) +31.68% (above 0%: growing) +38.04% (above 0%: growing) 37.34% 27.92% Compare
NOC Northrop Grumman Corporation $79.9B 17.7× 18.5× +5.07% (above 0%: growing) −5.75% (below 0%: shrinking) +53.53% (above 0%: growing) 19.50% 10.08% Compare
TDG Transdigm Group Incorporated $65.0B 34.9× 30.7× +22.53% (above 0%: growing) +10.86% (above 0%: growing) +13.44% (above 0%: growing) 59.39% 44.76% Compare
LHX L3Harris Technologies Inc $51.9B 27.9× 21.3× +8.39% (above 0%: growing) +28.57% (above 0%: growing) +37.43% (above 0%: growing) 25.54% 11.12% Compare
Median of peers $91.2B 31.4× 21.3× +9.45% +19.37% +44.13% 22.52% 11.74%

All 94 Aerospace & Defense stocks →

Business profile

Updated

RTX is an aerospace and defense company serving commercial, military, and government customers worldwide. It was founded on 2020-04-03, is headquartered in Arlington County, and is led by Chairman, Chief Executive Officer and President Christopher T. Calio.

The company operates through Collins Aerospace, Pratt & Whitney, and Raytheon. Collins supplies aircraft systems and components, such as power and environmental-control equipment, landing gear, avionics, communications, navigation, sensors, nacelles, cabin interiors, airport systems, and air-traffic-management systems. It also repairs and overhauls equipment and provides technical support, training, fleet management, and information services.

Financial Analysis (summary)

Updated

RTX reported $88.6 billion of revenue, $9.3 billion of operating income and $7.1 billion of net income in FY2025. Revenue grew 9.74% in FY2025 against FY2024, while operating margin reached 10.5% in FY2025. Free cash flow was $7.4 billion in FY2025, and total debt was $37.9 billion in FY2025.

In Q2 FY2026, revenue was $24.7 billion, operating income was $2.8 billion and diluted EPS was $1.57. Revenue increased 14.5% in Q2 FY2026 against Q2 FY2025, while net debt declined to $29.1 billion in Q2 FY2026. Trailing-twelve-month revenue reached $93.5 billion to Q2 FY2026.

RTX Corporation (RTX) Latest News

29 Oct

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28 Oct

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27 Oct

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25 Oct

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23 Oct

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22 Oct

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21 Oct

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Impact 4 · transcript

RTX metrics, ten years each

stockrow.com/RTX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com