RTXNYSEAircraft Engines & Engine PartsFiscal year ends December 31
RTX Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 20, 2026
$192.11−1.81 (-0.93%)
Close on Oct 19, 2026
- Market cap
- $262.23B
- P/E (TTM)
- 33.8
- Dividend yield
- 1.39%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
10.5%+13.8 pts over 5 years
Net margin
7.6%+13.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.7% | +9.7% | +9.4% | +4.7% | |
| Operating income | +42.2% | +19.1% | – | +2.5% | |
| Net income | +41.0% | +9.0% | – | -1.2% | |
| EPS, diluted | +39.7% | +12.3% | – | -5.4% | |
| Free cash flow | +75.1% | +17.6% | +25.6% | +4.5% | |
| Dividend per share | +7.7% | +7.3% | +4.3% | +0.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 18.4% | -6.2% | 10.7% | |
| Return on assets | 5.7% | -2.3% | 4.0% | |
| Current ratio | 1.30 | 1.21 | 1.03 | |
| Debt to equity | 0.87 | 0.44 | 0.58 | |
| Net debt to EBITDA | 1.64× | 10.15× | 2.23× | |
| Interest coverage | 7.9× | -1.4× | – | |
| Inventory turnover | 3.6× | – | – | |
| Capex to revenue | 3.0% | 3.2% | 3.0% | |
| Diluted shares | 826M | 1.36B | 1.36B |
Where the cash went
Fiscal 2021 to 2025, five years combined
RTX generated $39.92B from operations and spent $46.70B on capital expenditure, dividends and share buybacks. 26% of that went back into the business.
Generated
$39.92B
Used
$46.70B
Capital expenditure$12.09B26%Dividends$16.12B35%Share buybacks$18.49B40%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.6%
×Asset turnover0.53×
×Equity multiplier2.66×
=Return on equity, FY202510.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.6% | 0.53× | 2.66× | 10.7% |
| FY2024 | 5.9% | 0.50× | 2.71× | 8.0% |
| FY2023 | 4.6% | 0.43× | 2.42× | 4.8% |
| FY2022 | 7.7% | 0.42× | 2.20× | 7.1% |
| FY2021 | 6.0% | 0.40× | 2.23× | 5.3% |
| FY2020 | -6.2% | 0.38× | 2.65× | -6.2% |
| FY2019 | 12.2% | 0.33× | 3.41× | 13.8% |
| FY2018 | 15.2% | 0.30× | 3.40× | 15.5% |
| FY2017 | 7.6% | 0.64× | 3.26× | 15.9% |
| FY2016 | 8.8% | 0.65× | 3.23× | 18.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$6.73B
- Cash generatingOperating cash flow above zero$10.57B
- Return on assets improvedROA up on the prior year2.9% → 4.1%
- Earnings backed by cashOperating cash flow above net income$10.57B vs $6.73B
- Less leverageLong-term debt to assets fell23.8% → 20.0%
- Better liquidityCurrent ratio rose0.99 → 1.03
- No dilutionShare count did not rise1.34B → 1.36B
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.50 → 0.54