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RTX

RTX Corporation

RTX

RTX Corporation • NYSE
$174.78 ▲ 0.92% (+1.58)
Market Cap $233.97 B
52w High $181.31
52w Low $112.27
Dividend Yield 2.67%
P/E 35.89
Volume 1.68M
Outstanding Shares 1.34B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $22.478B ▲ $2.12B ▼ $1.918B ▲ 8.533% ▲ $1.43 ▲ $3.978B ▲
Q2-2025 $21.581B ▲ $2.27B ▲ $1.657B ▲ 7.678% ▲ $1.24 ▲ $3.596B ▲
Q1-2025 $20.306B ▼ $2.085B ▼ $1.535B ▲ 7.559% ▲ $1.15 ▲ $3.512B ▼
Q4-2024 $21.623B ▲ $2.382B ▲ $1.482B ▲ 6.854% ▼ $1.11 ▲ $3.661B ▲
Q3-2024 $20.089B $2.14B $1.472B 7.327% $1.1 $3.548B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.966B ▲ $168.672B ▲ $102.279B ▼ $64.514B ▲
Q2-2025 $4.782B ▼ $167.139B ▲ $102.892B ▲ $62.398B ▲
Q1-2025 $5.157B ▼ $164.864B ▲ $101.52B ▲ $61.516B ▲
Q4-2024 $5.578B ▼ $162.861B ▼ $100.903B ▼ $60.156B ▼
Q3-2024 $6.682B $164.822B $101.963B $61.114B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.006B ▲ $4.639B ▲ $471M ▲ $-3.923B ▼ $1.177B ▲ $4.025B ▲
Q2-2025 $1.725B ▲ $458M ▼ $-509M ▲ $-353M ▲ $-366M ▲ $-72M ▼
Q1-2025 $1.625B ▲ $1.305B ▼ $-678M ▲ $-1.056B ▲ $-413M ▲ $792M ▲
Q4-2024 $1.56B ▲ $1.561B ▼ $-779M ▼ $-1.868B ▼ $-1.125B ▼ $492M ▼
Q3-2024 $1.535B $2.523B $-715M $-1.158B $673M $1.842B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q3-2025
Collins Aerospace Systems
Collins Aerospace Systems
 $7.08Bn ▲$7.54Bn ▲$7.22Bn ▼$7.62Bn ▲
Pratt and Whitney
Pratt and Whitney
 $7.24Bn ▲$7.57Bn ▲$7.37Bn ▼$8.42Bn ▲
Raytheon Intelligence Space
Raytheon Intelligence Space
 $6.39Bn ▲$7.16Bn ▲$6.34Bn ▼$7.04Bn ▲

Five-Year Company Overview

Income Statement

Income Statement RTX’s income statement shows a business that has grown steadily since the pandemic shock. Sales have climbed each year, and profit measures have generally trended upward, with a clear recovery from the 2020 loss. Profitability did dip in the middle of the period before improving again, which suggests some execution or cost challenges but not a broken business model. Overall, the company looks like a large, mature industrial with growing revenue, improving margins over time, and earnings that are healthy but not perfectly smooth year to year.

Balance Sheet

Balance Sheet The balance sheet is large, diversified, and relatively stable, which is typical for a major aerospace and defense contractor. Total assets have stayed broadly flat, suggesting incremental optimization rather than aggressive expansion. Debt has increased compared with a few years ago, while equity has edged down, meaning leverage is somewhat higher than before and should be watched. Still, the company maintains a substantial equity base and a balance sheet that looks capable of supporting long-duration defense and aerospace programs, though less conservative than earlier in the period.

Cash Flow

Cash Flow Cash generation is a key strength. Operating cash flow has been consistently strong after the pandemic year, and free cash flow has remained solid even as the company invests heavily in its facilities and technologies. Capital spending has been elevated but manageable, and the business appears to fund its investments and shareholder returns primarily from internal cash, not just from new borrowing. This pattern supports the view of RTX as a cash-generative industrial able to support ongoing R&D, capex, and its capital structure over time.

Competitive Edge

Competitive Edge RTX holds a powerful competitive position across commercial aerospace and defense. It benefits from long-term contracts with governments, deep relationships with major airframe makers, and an enormous installed base of engines and systems that drive recurring aftermarket service revenue. Very high barriers to entry, strict regulation, and complex certification processes make it hard for new competitors to challenge RTX in its core markets. Its scale, breadth of offerings, and ability to deliver integrated systems (rather than standalone products) create a moat versus both pure-play defense peers and focused engine makers.

Innovation and R&D

Innovation and R&D Innovation is a central pillar for RTX. Pratt & Whitney’s geared turbofan engine, Collins Aerospace’s nose‑to‑tail aircraft systems, and Raytheon’s advanced missile defense and radar platforms all rest on decades of engineering and a deep patent portfolio. The company is investing in next‑generation areas such as hypersonic weapons, hybrid‑electric propulsion, advanced sensors, AI-enabled systems, and cyber defense, often through both in‑house R&D and venture investments. This sustained commitment to R&D strengthens its long-term moat but also requires ongoing, sizable spending and careful execution, especially on complex programs like advanced engines and hypersonics.

Summary

RTX looks like a large, diversified aerospace and defense platform with steady revenue growth, improving profitability since the pandemic, and strong cash generation. The balance sheet carries more debt than a few years ago but still appears robust for a contractor of its size and complexity. Its competitive advantages stem from scale, technology, entrenched government and airline relationships, and high switching costs for customers who rely on its engines, systems, and defense platforms. Heavy investment in innovation and future technologies could support long-term growth but also introduces execution, cost, and program‑risk. Overall, the financials and business profile are consistent with a mature, strategically important industrial company with meaningful strengths and some leverage and program-delivery risks to monitor.

NEWS

November 21, 2025 · 8:17 AM UTC

R2S receives $1.25 billion Tamir production contract for facility in Camden, Arkansas

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November 20, 2025 · 7:00 AM UTC

RTX's Collins Aerospace and the Royal Netherlands Air and Space Force establish new military avionics service center

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November 19, 2025 · 8:00 AM UTC

RTX's Pratt & Whitney Canada PT6A aerial application engine surpasses 1 million flight hours in 2025

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November 18, 2025 · 5:00 AM UTC

Ethiopian Airlines selects RTX's Collins Aerospace for premium seating solutions across multiple fleets

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November 17, 2025 · 9:00 AM UTC

RTX's Pratt & Whitney Canada delivers first PW127XT-S development engines for Deutsche Aircraft's D328eco® regional turboprop test aircraft

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