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RTX Corp USD

Aerospace and defense—engines, avionics, missiles, and cybersecurity (Collins, Pratt & Whitney).

At a glance: strengths & risks
✓Revenue growing (+11% y/y, Q3 2026)✓Profit growing (+35% y/y, Q3 2026)

Sector: Industrials

US_RTX

Price chart

194.6 USDDay -1.46%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
194.6 USD · -1.46%
Market cap
264.0 bn USD

Growth

Δ revenue y/y
11.1%
Δ EBITDA y/y
21.9%

Multiples

P/E (LTM)
31.4x
3y avg: 35.2x
P/B (FY)
4.0x
P/E (ann.)
25.5x
EV/EBITDA (LTM)
18.3x
3y avg: 19.2x
EV/EBITDA (ann.)
16.3x

Cash return

Dividend yield
1.4%
FCF yield (LTM)
3.7%

Value creation

fundamental value/yr, % of market cap
Value created / year
+19.9%
↓ details

Liquidity

Daily turnover (US listing)
845.9 mln USD

Shares: yahoo_fundamentals_timeseries/RTX

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-09-30Q3 2026 (3M)OK25.0
y/y 11.1%
3.3
y/y 32.3%
1.1
y/y -2.1%
4.4
y/y 21.9%
2.6
y/y 34.7%
2.9-0.7176.6
y/y 4.7%
69.2
y/y 7.3%
5.1%23.3Link
2026-06-30Q2 2026 (3M)OK24.7
y/y 14.5%
2.8
y/y 31.0%
1.1
y/y 0.3%
3.9
y/y 20.7%
2.1
y/y 29.1%
3.5-0.7174.0
y/y 4.1%
66.4
y/y 6.4%
12.9%24.5SEC EDGAR
2026-03-31Q1 2026 (3M)OK22.1
y/y 8.7%
2.6
y/y 25.6%
1.1
y/y 1.8%
3.6
y/y 17.5%
2.1
y/y 34.1%
1.9-0.5170.4
y/y 3.4%
66.3
y/y 7.7%
12.5%27.2Link
2025-12-31Q4 2025 (3M)OK24.2
y/y 12.1%
2.6
y/y 23.0%
1.2
y/y 1.8%
3.8
y/y 15.5%
1.6
y/y 9.4%
4.2-1.0171.1
y/y 5.0%
65.2
y/y 8.5%
10.4%28.4Link
2025-09-30Q3 2025 (3M)OK22.5
y/y 11.9%
2.5
y/y 24.4%
1.1
y/y -0.3%
3.6
y/y 15.8%
1.9
y/y 30.3%
4.6-0.6168.7
y/y 2.3%
64.5
y/y 5.6%
4.0%33.4Link
2025-06-30Q2 2025 (3M)OK21.6
y/y 9.4%
2.1
y/y 305.7%
1.1
y/y 0.4%
3.2
y/y 101.2%
1.7
y/y 1392.8%
0.5-0.5167.1
y/y 3.7%
62.4
y/y 5.8%
10.7%36.0Link
2025-03-31Q1 2025 (3M)OK20.3
y/y 5.2%
2.0
y/y 8.8%
1.1
y/y -0.7%
3.1
y/y 5.4%
1.5
y/y -10.2%
1.3-0.5164.9
y/y 2.9%
61.5
y/y 1.7%
10.1%34.3Link
2024-12-31Q4 2024 (3M)OK21.6
y/y 8.5%
2.1
y/y 18.8%
1.1
y/y 7.6%
3.2
y/y 14.6%
1.5
y/y 3.9%
1.6-1.1162.9
y/y 0.6%
60.2
y/y 0.6%
7.9%34.5Link
2024-09-30Q3 2024 (3M)OK20.1
y/y 49.2%
2.0
y/y —
1.1
y/y 1.9%
3.1
y/y —
1.5
y/y —
2.5-0.6164.8
y/y 1.5%
61.1
y/y -12.2%
3.3%33.2Link
2024-06-30Q2 2024 (3M)OK19.7
y/y 7.7%
0.5
y/y -64.6%
1.1
y/y 2.7%
1.6
y/y -36.9%
0.1
y/y -91.6%
2.7-0.5161.2
y/y -0.6%
59.0
y/y -18.6%
0.7%35.2Link
2024-03-31Q1 2024 (3M)OK19.3
y/y 12.1%
1.9
y/y 10.8%
1.1
y/y 2.4%
2.9
y/y 7.6%
1.7
y/y 19.8%
0.3-0.5160.2
y/y -0.9%
60.5
y/y -16.9%
11.4%37.6Link
2023-12-31Q4 2023 (3M)OK19.9
y/y —
1.8
y/y —
1.1
y/y —
2.8
y/y —
1.4
y/y —
4.7-0.8161.9
y/y —
59.8
y/y —
4.9%37.0Link
2023-09-30Q3 2023 (3M)OK13.5
y/y —
-1.4
y/y —
1.1
y/y —
-0.3
y/y —
-1.0
y/y —
3.3-0.6162.4
y/y —
69.6
y/y —
-1.8%29.2Link
2023-06-30Q2 2023 (3M)OK18.3
y/y —
1.5
y/y —
1.0
y/y —
2.5
y/y —
1.3
y/y —
0.7-0.5162.2
y/y —
72.5
y/y —
7.3%29.3Link
2023-03-31Q1 2023 (3M)OK17.2
y/y —
1.7
y/y —
1.0
y/y —
2.7
y/y —
1.4
y/y —
-0.9-0.5161.6
y/y —
72.8
y/y —
—28.0Link

Net debt structure (leases included, IFRS 16) 2026-09-30

Short-term debt (incl. ST leases)210
Long-term debt (incl. LT leases)32 985
− Cash & equivalents9 173
Net debt24 022

Net debt / LTM EBITDA: 1.5x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05 00010 00015 00020 00025 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Year-over-year change

-50%0%50%100%150%2024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

-2 00002 0004 0006 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Net debt / cash ($ mln)

010 00020 00030 00040 0002024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q22026 q3

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 1.57x of reported net profit; after capex, 1.18x.
year20212022202320242025
cash flow / profit1.85x1.38x2.47x1.50x1.57x
accruals, % of assets-2.0%-1.2%-2.9%-1.5%-2.2%
Last twelve months (to 2026-09-30): 1.48x of profit came back as operating cash flow.
net debt / EBITDA 2.1x · capex 0.6x of depreciation · dividends 58% of free cash flow · share count -2.6% a year
● Capex is 56% of depreciation - the asset base is being consumed faster than replaced.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +19.9%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-09-30 vs 2025-09-30)
= (4 405 − 3 614) × 3.56
2 815
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (263 955 + 23 315) ÷ 15 676
18.3x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (18.3 + 12) ÷ 2
15.2x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 10 131 + 915 + 0 − 0
11 046
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 0.5% × 263 955
−1 205
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (2 815 × 15.2 + 11 046 − 1 205) ÷ 263 955
+19.9%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • share-count dilution 0.5%/yr (valued at market: -1205)

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +10% vs +17% the year before — a -7.4 pp move. 3-year CAGR +10%.
revenue growth by year: 2023 +3% · 2024 +17% · 2025 +10%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 19.5x · 3-year 75th pct 23.3x

EV/EBITDA3-year 75th pct

Peer comparison

Group: industrials (US). Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnEV/EBITDA
WESCO INTERNATIONAL INCUS16.013.4x
CATERPILLAR INCUS322.023.3x
BOEING COUS147.823.7x
GENERAL ELECTRIC COUS302.527.8x
QUANTA SERVICES, INC.US85.328.6x
Group median23.7x
Group average23.3x
This companyUS267.918.3x

Group median 23.7x; this company 18.3x — a 23% discount.

Group average 23.3x; against the average this company is at a 22% discount.

At the adjusted group median the market cap would be +32% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 21.1x, Russia 3.7x, South Africa 5.1x, Kazakhstan 4.6x, India 17.0x, Indonesia 5.3x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-27; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-140.73 USDEx-dividend: 0.73 USD per sharePaidYahoo Finance (ex-div)
2026-05-220.73 USDEx-dividend: 0.73 USD per sharePaidYahoo Finance (ex-div)
2026-02-200.68 USDEx-dividend: 0.68 USD per sharePaidYahoo Finance (ex-div)
2025-11-210.68 USDEx-dividend: 0.68 USD per sharePaidYahoo Finance (ex-div)
2025-08-150.68 USDEx-dividend: 0.68 USD per sharePaidYahoo Finance (ex-div)
2025-05-230.68 USDEx-dividend: 0.68 USD per sharePaidYahoo Finance (ex-div)
2025-02-210.63 USDEx-dividend: 0.63 USD per sharePaidYahoo Finance (ex-div)
2024-11-150.63 USDEx-dividend: 0.63 USD per sharePaidYahoo Finance (ex-div)
2024-08-160.63 USDEx-dividend: 0.63 USD per sharePaidYahoo Finance (ex-div)
2024-05-160.63 USDEx-dividend: 0.63 USD per sharePaidYahoo Finance (ex-div)
2024-02-220.59 USDEx-dividend: 0.59 USD per sharePaidYahoo Finance (ex-div)
2023-11-160.59 USDEx-dividend: 0.59 USD per sharePaidYahoo Finance (ex-div)
2023-08-170.59 USDEx-dividend: 0.59 USD per sharePaidYahoo Finance (ex-div)
2023-05-180.59 USDEx-dividend: 0.59 USD per sharePaidYahoo Finance (ex-div)
2023-02-230.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2022-11-170.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2022-08-180.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2022-05-190.55 USDEx-dividend: 0.55 USD per sharePaidYahoo Finance (ex-div)
2022-02-240.51 USDEx-dividend: 0.51 USD per sharePaidYahoo Finance (ex-div)
2021-11-180.51 USDEx-dividend: 0.51 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of RTX Corp — from primary filings.

Frequently asked questions

What is RTX Corp's P/E ratio?
RTX Corp trades at a P/E of 31.4x (price to trailing 12-month earnings).
What is RTX Corp's EV/EBITDA?
RTX Corp trades at 18.3x EV/EBITDA.
What is RTX Corp's P/B ratio?
RTX Corp trades at a P/B of 4.0x.
What is RTX Corp's dividend yield?
RTX Corp's trailing 12-month dividend yield is 1.4%.
What is RTX Corp's return on equity (ROE)?
RTX Corp's ROE is 5.1%.
What is RTX Corp's market capitalization?
RTX Corp's market cap is 264.0 bn USD.

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