RTX (RTX) Financials

$134.84 +1.99 (+1.50%)

Closing price 03:59 PM Eastern

Extended Trading

$134.57 -0.27 (-0.20%)

As of 07:56 PM Eastern

Annual Income Statements for RTX

This table shows RTX's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	4,774	3,195	5,197	3,864	-3,519	5,537	5,269	4,552	5,055	7,608
Consolidated Net Income / (Loss)	5,013	3,380	5,308	4,112	-3,295	5,948	5,654	4,920	5,416	7,966
Net Income / (Loss) Continuing Operations	5,013	3,380	5,327	4,145	-2,928	3,731	1,406	4,920	5,436	4,356
Total Pre-Tax Income	6,194	3,836	6,117	5,109	-2,353	4,152	2,504	7,763	7,133	6,467
Total Operating Income	6,538	3,561	5,504	5,136	-1,889	4,914	2,877	8,138	8,221	7,291
Total Gross Profit	15,410	12,089	13,668	12,491	8,531	10,751	7,236	15,636	15,773	15,667
Total Revenue	80,738	68,920	67,074	64,388	56,587	45,349	34,701	59,837	57,244	56,098
Operating Revenue	80,738	68,920	67,074	64,388	56,587	45,349	34,701	59,837	57,244	56,098
Total Cost of Revenue	65,328	56,831	53,406	51,897	48,056	34,598	27,465	44,201	41,471	40,431
Operating Cost of Revenue	65,328	56,831	53,406	51,897	48,056	34,598	27,465	44,201	41,471	40,431
Total Operating Expenses	8,872	8,528	8,164	7,355	10,420	5,837	4,359	7,498	7,552	8,376
Selling, General & Admin Expense	5,806	5,809	5,573	5,046	5,540	3,711	2,864	6,429	5,958	6,097
Research & Development Expense	2,934	2,805	2,711	2,732	2,582	2,452	1,878	2,427	2,376	2,279
Other Operating Expenses / (Income)	132	-86	-120	-423	-885	-326	-383	-1,358	-782	0.00
Total Other Income / (Expense), net	-344	275	613	-27	-464	-762	-373	-375	-1,088	-824
Interest Expense	1,862	1,505	1,276	1,971	1,366	1,591	1,032	909	1,039	824
Interest & Investment Income	1,518	1,780	-	1,944	902	829	-	534	-49	-
Income Tax Expense	1,181	456	790	964	575	421	1,098	2,843	1,697	2,111
Net Income / (Loss) Discontinued Operations	0.00	0.00	-19	-33	-367	2,217	4,248	-	-20	3,610
Net Income / (Loss) Attributable to Noncontrolling Interest	239	185	111	248	224	411	385	368	371	358
Basic Earnings per Share	$3.58	$2.24	$3.52	$2.57	($2.59)	$6.48	$6.58	$5.76	$6.18	$8.72
Weighted Average Basic Shares Outstanding	1.33B	1.43B	1.48B	1.50B	1.36B	854.80M	800.40M	790M	818.20M	872.70M
Diluted Earnings per Share	$3.55	$2.23	$3.50	$2.56	($2.59)	$6.41	$6.50	$5.70	$6.12	$8.61
Weighted Average Diluted Shares Outstanding	1.34B	1.44B	1.49B	1.51B	1.36B	863.90M	810.10M	799.10M	826.10M	883.20M
Weighted Average Basic & Diluted Shares Outstanding	1.33B	1.33B	1.46B	1.49B	1.52B	865.31M	800.80M	790.30M	818M	836.43M
Cash Dividends to Common per Share	$2.48	$2.32	$2.16	$2.01	$2.16	$2.94	$2.84	$2.72	$2.62	$2.56

This table shows RTX's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	1,535	1,482	1,472	111	1,709	1,426	-984	1,327	1,426	1,422	1,387
Consolidated Net Income / (Loss)	1,625	1,560	1,535	175	1,743	1,473	-933	1,359	1,481	1,468	1,395
Net Income / (Loss) Continuing Operations	1,625	1,560	1,535	175	1,743	1,473	-933	1,359	1,481	1,468	1,395
Total Pre-Tax Income	1,958	2,009	1,906	428	1,851	1,735	-1,322	1,607	1,816	1,700	1,677
Total Operating Income	2,035	2,111	2,028	529	1,870	1,777	-1,396	1,493	1,687	1,551	1,520
Total Gross Profit	4,116	4,235	4,034	3,580	3,561	4,009	714	3,797	3,569	3,567	3,487
Total Revenue	20,306	21,623	20,089	19,721	19,305	19,927	13,464	18,315	17,214	18,093	16,951
Operating Revenue	20,306	21,623	20,089	19,721	19,305	19,927	13,464	18,315	17,214	18,093	16,951
Total Cost of Revenue	16,190	17,388	16,055	16,141	15,744	15,918	12,750	14,518	13,645	14,526	13,464
Operating Cost of Revenue	16,190	17,388	16,055	16,141	15,744	15,918	12,750	14,518	13,645	14,526	13,464
Total Operating Expenses	2,081	2,124	2,006	3,051	1,691	2,232	2,110	2,304	1,882	2,016	1,967
Selling, General & Admin Expense	1,448	1,574	1,389	1,449	1,394	1,445	1,401	1,600	1,363	1,329	1,351
Research & Development Expense	637	808	751	706	669	757	712	729	607	716	662
Other Operating Expenses / (Income)	-4.00	-258	-134	896	-372	30	-3.00	-25	-88	-29	-46
Total Other Income / (Expense), net	-77	-102	-122	-101	-19	-42	74	114	129	149	157
Interest & Investment Income	-443	384	374	374	386	-	443	-	444	-	468
Other Income / (Expense), net	366	-	-	-	-	-	-	447	-	-	-
Income Tax Expense	333	449	371	253	108	262	-389	248	335	232	282
Net Income / (Loss) Attributable to Noncontrolling Interest	90	78	63	64	34	47	51	32	55	46	8.00
Basic Earnings per Share	$1.15	$1.11	$1.10	$0.08	$1.29	$1.03	($0.68)	$0.91	$0.98	$0.97	$0.94
Weighted Average Basic Shares Outstanding	1.34B	1.33B	1.33B	1.33B	1.33B	1.43B	1.44B	1.46B	1.46B	1.48B	1.47B
Diluted Earnings per Share	$1.14	$1.10	$1.09	$0.08	$1.28	$1.04	($0.68)	$0.90	$0.97	$0.96	$0.94
Weighted Average Diluted Shares Outstanding	1.34B	1.34B	1.33B	1.33B	1.33B	1.44B	1.44B	1.46B	1.46B	1.49B	1.47B
Weighted Average Basic & Diluted Shares Outstanding	1.34B	1.33B	1.33B	1.33B	1.33B	1.33B	1.44B	1.46B	1.46B	1.46B	1.47B
Cash Dividends to Common per Share	$0.63	-	$0.00	$1.26	$0.59	-	$0.00	$1.18	$0.55	-	$0.00

This table details how cash moves in and out of RTX's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-1,020	335	-1,562	-979	1,412	1,208	-2,806	-1,329	69	1,630
Net Cash From Operating Activities	7,159	7,883	7,168	7,142	4,334	5,821	2,670	2,473	6,412	6,755
Net Cash From Continuing Operating Activities	7,159	7,883	7,168	7,142	4,334	5,821	2,670	5,631	6,412	6,755
Net Income / (Loss) Continuing Operations	5,013	3,380	5,327	4,145	-2,928	3,731	1,406	4,920	5,436	4,356
Consolidated Net Income / (Loss)	5,013	3,380	5,327	4,145	-2,928	3,731	1,406	4,920	-	-
Depreciation Expense	4,364	4,211	4,108	4,557	4,156	2,708	1,896	2,140	1,962	1,863
Non-Cash Adjustments To Reconcile Net Income	-1,351	-1,883	-2,656	-2,005	3,163	-260	-874	-621	317	-77
Changes in Operating Assets and Liabilities, net	-867	2,175	389	445	-57	-358	242	-808	-1,303	613
Net Cash From Investing Activities	-1,534	-3,039	-2,829	-1,364	3,343	-2,676	-17,259	-3,019	-2,509	-2,794
Net Cash From Continuing Investing Activities	-1,534	-3,039	-2,829	-1,364	3,343	-2,676	-17,259	-3,019	-2,509	-2,794
Purchase of Property, Plant & Equipment	-2,625	-2,415	-2,288	-2,134	-1,795	-1,868	-1,467	-2,014	-1,699	-1,652
Acquisitions	-611	-751	-553	-1,396	-731	-360	-15,439	-611	-1,098	-975
Purchase of Investments	-218	-117	-150	-231	-280	-787	-988	-1,514	-438	-364
Divestitures	1,795	6.00	94	1,879	5,764	134	74	70	211	200
Sale and/or Maturity of Investments	-142	14	-205	-16	-32	342	140	596	249	160
Other Investing Activities, net	267	224	273	534	417	-137	421	454	266	-163
Net Cash From Financing Activities	-6,617	-4,527	-5,859	-6,756	-3,860	-1,913	12,209	-993	-1,188	-10,776
Net Cash From Continuing Financing Activities	-6,617	-4,527	-5,859	-6,756	-3,860	-1,913	12,209	-993	-1,188	-10,776
Repayment of Debt	-2,956	-10,895	-447	-5,303	-18,419	-1,715	-2,890	-2,451	-3,347	-1,477
Repurchase of Common Equity	-444	-12,870	-2,803	-2,327	-47	-151	-325	-1,453	-2,254	-10,000
Payment of Dividends	-3,217	-3,239	-3,128	-2,957	-2,732	-2,442	-2,170	-2,074	-2,069	-2,184
Issuance of Debt	0.00	22,477	519	3,902	2,164	-19	13,579	4,954	6,469	1,744
Other Net Changes in Cash	-28	-	-42	0.00	-2,383	-	-420	-	-2,526	8,619
Cash Interest Paid	1,942	1,464	1,263	1,339	1,628	1,801	1,027	974	1,157	1,057
Cash Income Taxes Paid	1,176	1,527	2,400	1,124	1,716	1,768	1,714	1,326	4,096	2,060

This table details how cash moves in and out of RTX's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-413	-1,125	673	412	-980	1,129	65	-514	-345	856	603
Net Cash From Operating Activities	1,305	1,561	2,523	2,733	342	4,711	3,316	719	-863	4,628	778
Net Cash From Continuing Operating Activities	1,305	1,561	2,523	2,733	342	4,711	3,316	719	-863	4,628	778
Net Income / (Loss) Continuing Operations	1,625	1,560	1,535	175	1,743	1,473	-933	1,359	1,481	1,468	1,395
Consolidated Net Income / (Loss)	1,625	1,560	1,535	175	1,743	1,473	-933	1,359	1,481	1,468	1,395
Depreciation Expense	1,052	1,139	1,094	1,072	1,059	1,059	1,074	1,044	1,034	1,048	1,047
Non-Cash Adjustments To Reconcile Net Income	-752	2,181	-1,217	-696	-1,619	125	-12	-510	-1,486	768	-2,232
Changes in Operating Assets and Liabilities, net	-620	-3,319	1,111	2,182	-841	2,054	3,187	-1,174	-1,892	1,344	568
Net Cash From Investing Activities	-678	-779	-715	-733	693	-978	-859	-623	-579	-938	-755
Net Cash From Continuing Investing Activities	-678	-779	-715	-733	693	-978	-859	-623	-579	-938	-755
Purchase of Property, Plant & Equipment	-513	-1,069	-552	-537	-467	-805	-564	-526	-520	-855	-515
Acquisitions	-104	-164	-129	-155	-163	-215	-222	-160	-154	-169	-199
Purchase of Investments	-47	-	-	-28	-1.00	-	-	-	-13	-175	32
Divestitures	0.00	512	-	-	1,283	-	6.00	-	0.00	-	6.00
Other Investing Activities, net	-14	305	-66	-13	41	127	-16	5.00	108	207	29
Net Cash From Financing Activities	-1,056	-1,868	-1,158	-1,584	-2,007	-2,618	-2,377	-628	1,096	-2,849	617
Net Cash From Continuing Financing Activities	-1,056	-1,868	-1,158	-1,584	-2,007	-2,618	-2,377	-628	1,096	-2,849	617
Repayment of Debt	-166	-985	-29	-782	-1,160	-10,530	-181	-66	-118	-102	-40
Repurchase of Common Equity	-50	-50	-294	-44	-56	-10,283	-1,429	-596	-562	-408	-616
Payment of Dividends	-840	-802	-823	-823	-769	-767	-838	-844	-790	-791	-794
Effect of Exchange Rate Changes	16	-	-	-	-8.00	14	-15	18	1.00	-	-

This table presents RTX's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	162,861	161,869	158,864	161,404	162,153	139,615	134,211	96,920	89,706	87,484
Total Current Assets	51,133	48,417	42,443	42,050	43,376	61,577	35,503	32,858	28,550	26,706
Cash & Equivalents	5,578	6,587	6,220	7,832	8,802	4,937	6,152	8,985	7,157	7,075
Accounts Receivable	10,976	10,838	9,108	9,661	9,254	8,743	14,271	12,595	11,481	10,653
Inventories, net	12,768	11,777	10,617	9,178	9,411	9,047	10,083	9,881	8,704	8,135
Other Current Assets	21,811	19,215	16,498	15,379	15,909	7,027	4,997	1,397	1,208	843
Plant, Property, & Equipment, net	16,089	15,748	15,170	14,972	14,962	10,322	12,297	10,186	9,158	8,732
Total Noncurrent Assets	95,639	97,704	101,251	104,382	103,815	67,716	86,411	53,876	51,998	52,046
Noncurrent Note & Lease Receivables	4,110	4,030	2,603	4,806	5,024	3,463	3,023	2,372	1,398	1,018
Goodwill	52,789	53,699	53,840	54,436	54,285	36,609	48,112	27,910	27,059	27,301
Intangible Assets	33,443	35,399	36,823	38,516	40,539	24,473	26,424	15,883	15,684	15,603
Other Noncurrent Operating Assets	5,297	4,576	7,985	6,624	3,967	3,171	7,206	5,988	6,048	6,163
Total Liabilities & Shareholders' Equity	162,861	161,869	158,864	161,404	162,153	139,615	134,211	96,920	89,706	87,484
Total Liabilities	100,903	100,424	84,650	86,705	88,269	95,289	93,492	65,368	60,241	58,518
Total Current Liabilities	51,499	46,761	39,114	35,449	35,848	46,594	31,368	24,391	21,906	22,618
Short-Term Debt	2,535	1,472	1,220	158	797	5,551	4,345	2,496	2,204	1,105
Accounts Payable	12,897	10,698	9,896	8,751	8,639	7,816	11,080	9,579	7,483	6,875
Accrued Expenses	14,831	14,917	10,999	10,162	10,517	8,417	10,223	12,316	12,219	14,638
Current Employee Benefit Liabilities	2,620	2,491	2,401	2,658	3,006	1,353	-	-	-	-
Other Current Liabilities	18,616	17,183	14,598	13,720	12,889	9,014	5,720	0.00	-	-
Total Noncurrent Liabilities	49,404	53,663	45,536	51,256	52,421	48,695	62,124	40,977	38,335	35,900
Long-Term Debt	38,726	42,355	30,694	31,327	31,026	37,701	41,192	24,989	21,697	19,320
Noncurrent Employee Benefit Liabilities	2,104	2,385	4,807	7,855	10,342	2,487	4,018	3,036	5,612	6,022
Other Noncurrent Operating Liabilities	8,574	8,923	10,035	12,074	11,053	8,507	11,845	12,952	11,026	10,558
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	-	-	0.00	0.00
Redeemable Noncontrolling Interest	35	35	36	35	32	95	109	131	296	122
Total Equity & Noncontrolling Interests	61,923	61,410	74,178	74,664	73,852	44,231	40,610	31,421	29,169	28,844
Total Preferred & Common Equity	60,156	59,798	72,632	73,068	72,163	41,774	38,446	29,610	27,579	27,358
Preferred Stock	0.00	0.00	250	0.00	0.00	0.25	0.00	0.00	0.00	0.00
Total Common Equity	60,156	59,798	72,877	73,068	72,163	41,774	38,446	29,610	27,579	27,358
Common Stock	37,434	37,055	37,939	37,483	36,930	23,019	22,514	17,574	17,285	16,033
Retained Earnings	53,589	52,154	52,269	50,265	49,423	61,594	57,823	55,242	52,873	49,956
Treasury Stock	-27,112	-26,977	-15,285	-12,727	-10,407	-32,626	-32,482	-35,596	-34,150	-30,907
Accumulated Other Comprehensive Income / (Loss)	-3,755	-2,419	-2,018	-1,915	-3,734	-10,149	-9,333	-7,525	-8,334	-7,619
Other Equity Adjustments	0.00	-15	-28	-38	-49	-64	-76	-85	-95	-105
Noncontrolling Interest	1,767	1,612	1,546	1,596	1,689	2,457	2,164	1,811	1,590	1,486

This table presents RTX's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	164,864	162,861	164,822	161,169	160,187	161,869	162,443	162,161	161,636	158,864	158,225
Total Current Assets	52,916	51,133	51,764	49,225	48,023	48,417	46,518	45,915	45,504	42,443	41,821
Cash & Equivalents	5,157	5,578	6,682	6,011	5,607	6,587	5,456	5,391	5,893	6,220	5,381
Accounts Receivable	11,426	10,976	10,097	10,252	10,280	10,838	10,058	9,903	10,069	9,108	9,233
Inventories, net	13,618	12,768	13,465	13,047	12,386	11,777	12,050	11,997	11,327	10,617	10,443
Other Current Assets	22,715	21,811	21,520	19,915	19,750	19,215	18,954	18,624	18,215	16,498	16,764
Plant, Property, & Equipment, net	16,135	16,089	15,886	15,693	15,638	15,748	15,347	15,295	15,149	15,170	14,668
Plant, Property & Equipment, gross	33,348	-	32,711	32,062	31,623	-	30,554	30,175	29,536	-	28,201
Accumulated Depreciation	17,213	-	16,825	16,369	15,985	-	15,207	14,880	14,387	-	13,533
Total Noncurrent Assets	95,813	95,639	97,172	96,251	96,526	97,704	100,578	100,951	100,983	101,251	101,736
Noncurrent Note & Lease Receivables	4,034	4,110	2,306	3,984	3,998	4,030	4,207	2,457	2,543	2,603	2,618
Goodwill	53,045	52,789	53,759	53,347	53,644	53,699	53,883	54,122	53,904	53,840	53,168
Intangible Assets	33,116	33,443	34,159	34,503	34,960	35,399	35,865	36,234	36,477	36,823	37,046
Other Noncurrent Operating Assets	5,618	5,297	6,948	4,417	3,924	4,576	6,623	8,138	8,059	7,985	8,904
Total Liabilities & Shareholders' Equity	164,864	162,861	164,822	161,169	160,187	161,869	162,443	162,161	161,636	158,864	158,225
Total Liabilities	101,520	100,903	101,963	100,488	98,050	100,424	91,197	88,074	87,251	84,650	86,457
Total Current Liabilities	52,624	51,499	52,247	49,565	45,019	46,761	45,002	41,760	40,128	39,114	38,373
Short-Term Debt	3,056	2,535	3,333	1,848	510	1,472	2,559	2,630	1,769	1,220	2,388
Accounts Payable	13,444	12,897	11,834	10,939	10,522	10,698	10,315	10,128	10,060	9,896	9,017
Accrued Expenses	15,219	14,831	15,971	17,048	15,006	14,917	14,283	11,719	11,573	10,999	11,210
Current Employee Benefit Liabilities	1,867	2,620	2,673	2,065	1,862	2,491	2,597	2,121	1,856	2,401	2,390
Other Current Liabilities	19,038	18,616	-	17,665	17,119	17,183	15,248	15,162	14,870	14,598	13,368
Total Noncurrent Liabilities	48,896	49,404	49,716	50,923	53,031	53,663	46,195	46,314	47,123	45,536	48,084
Long-Term Debt	38,244	38,726	38,823	40,303	42,334	42,355	32,701	32,723	32,717	30,694	31,059
Noncurrent Employee Benefit Liabilities	2,060	2,104	2,230	2,264	2,320	2,385	4,457	4,579	4,676	4,807	7,362
Other Noncurrent Operating Liabilities	8,592	8,574	8,663	8,356	8,377	8,923	9,037	9,012	9,730	10,035	9,663
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	37	35	33	31	37	35	33	31	38	36	33
Total Equity & Noncontrolling Interests	63,307	61,923	62,826	60,650	62,100	61,410	71,213	74,056	74,347	74,178	71,735
Total Preferred & Common Equity	61,516	60,156	61,114	58,985	60,485	59,798	69,596	72,480	72,795	72,632	70,187
Total Common Equity	61,516	60,156	61,114	58,985	60,485	59,798	69,596	72,480	72,795	72,877	70,187
Common Stock	37,515	37,434	37,276	37,302	37,108	37,055	38,388	38,228	38,031	37,939	37,829
Retained Earnings	54,277	53,589	52,948	51,488	53,052	52,154	51,513	52,489	52,891	52,269	51,652
Treasury Stock	-27,069	-27,112	-27,141	-27,080	-27,029	-26,977	-18,170	-16,713	-16,112	-15,285	-15,141
Accumulated Other Comprehensive Income / (Loss)	-3,207	-3,755	-1,969	-2,718	-2,635	-2,419	-2,116	-1,502	-1,989	-2,018	-4,122
Noncontrolling Interest	1,791	1,767	1,712	1,665	1,615	1,612	1,617	1,576	1,552	1,546	1,548

This table displays calculated financial ratios and metrics derived from RTX's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.15%	2.75%	4.17%	13.79%	24.78%	30.69%	-42.01%	4.53%	2.04%	-3.11%
EBITDA Growth	40.27%	-32.42%	18.65%	327.57%	-70.26%	40.32%	-47.15%	0.93%	11.24%	-19.79%
EBIT Growth	83.60%	-51.83%	43.94%	371.89%	-138.44%	38.97%	-56.55%	-1.01%	12.76%	-24.00%
NOPAT Growth	68.64%	-34.54%	15.03%	415.13%	-129.95%	173.35%	-68.68%	-17.68%	27.57%	-31.05%
Net Income Growth	48.31%	-36.32%	29.09%	224.80%	-155.40%	5.20%	14.92%	-9.16%	-32.01%	20.28%
EPS Growth	59.19%	-36.29%	36.72%	198.84%	-140.41%	5.20%	14.92%	-6.86%	-28.92%	26.25%
Operating Cash Flow Growth	-9.18%	9.97%	0.36%	64.79%	-25.55%	118.02%	7.97%	-61.43%	-5.08%	-3.21%
Free Cash Flow Firm Growth	45.28%	34.71%	19.02%	108.25%	-271.18%	167.73%	-2,263.03%	-44.58%	-69.13%	-30.05%
Invested Capital Growth	-1.06%	-1.22%	1.58%	1.49%	48.49%	-18.53%	60.04%	8.32%	9.20%	-6.15%
Revenue Q/Q Growth	2.15%	2.73%	1.59%	0.98%	27.30%	66.05%	-45.90%	1.74%	0.63%	5.55%
EBITDA Q/Q Growth	3.95%	3.15%	19.12%	16.14%	32.50%	134.67%	-49.54%	1.60%	15.15%	-18.96%
EBIT Q/Q Growth	5.38%	6.78%	35.63%	35.87%	4.50%	348.36%	-58.10%	1.37%	18.71%	-22.66%
NOPAT Q/Q Growth	2.50%	5.96%	3.73%	25.96%	4.50%	624.84%	-70.63%	-15.26%	32.28%	-26.47%
Net Income Q/Q Growth	1.77%	0.15%	15.09%	14.64%	-52.19%	10.78%	5.84%	-10.97%	-29.47%	28.75%
EPS Q/Q Growth	1.72%	3.72%	15.51%	15.84%	-56.97%	10.78%	5.84%	-11.90%	-28.92%	33.08%
Operating Cash Flow Q/Q Growth	-30.56%	1.06%	25.73%	33.47%	1.05%	104.32%	-27.45%	-50.09%	-11.90%	12.56%
Free Cash Flow Firm Q/Q Growth	-19.59%	149.86%	111.90%	665.56%	-133.02%	168.13%	-663.84%	-29.56%	-51.37%	-26.06%
Invested Capital Q/Q Growth	-0.70%	-2.34%	0.07%	1.67%	4.25%	-18.62%	56.11%	-1.58%	-0.92%	-9.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.09%	17.54%	20.38%	19.40%	15.08%	23.71%	20.85%	26.13%	27.55%	27.93%
EBITDA Margin	13.50%	11.28%	17.15%	15.05%	4.01%	16.81%	15.65%	17.18%	17.79%	16.32%
Operating Margin	8.10%	5.17%	8.21%	7.98%	-3.34%	10.84%	8.29%	13.60%	14.36%	13.00%
EBIT Margin	8.10%	5.17%	11.02%	7.98%	-3.34%	10.84%	10.19%	13.60%	14.36%	13.00%
Profit (Net Income) Margin	6.21%	4.90%	7.91%	6.39%	-5.82%	13.12%	16.29%	8.22%	9.46%	14.20%
Tax Burden Percent	80.93%	88.11%	86.77%	80.49%	140.03%	143.26%	225.80%	63.38%	75.93%	123.18%
Interest Burden Percent	94.74%	107.72%	82.74%	99.47%	124.56%	84.49%	70.81%	95.39%	86.77%	88.70%
Effective Tax Rate	19.07%	11.89%	12.91%	18.87%	0.00%	10.14%	43.85%	36.62%	23.79%	32.64%
Return on Invested Capital (ROIC)	5.39%	3.16%	4.84%	4.27%	-1.63%	6.08%	2.48%	10.72%	14.15%	11.24%
ROIC Less NNEP Spread (ROIC-NNEP)	4.63%	3.93%	6.92%	4.03%	-10.61%	11.16%	16.44%	9.37%	8.51%	34.98%
Return on Net Nonoperating Assets (RNNOA)	2.73%	1.82%	2.29%	1.27%	-3.94%	7.91%	13.16%	5.41%	4.38%	14.60%
Return on Equity (ROE)	8.12%	4.98%	7.13%	5.54%	-5.57%	13.99%	15.65%	16.13%	18.54%	25.83%
Cash Return on Invested Capital (CROIC)	6.45%	4.39%	3.27%	2.79%	-40.66%	26.50%	-43.70%	2.73%	5.36%	17.58%
Operating Return on Assets (OROA)	4.03%	2.22%	4.62%	3.17%	-1.25%	3.59%	3.06%	8.72%	9.28%	8.16%
Return on Assets (ROA)	3.09%	2.11%	3.31%	2.54%	-2.18%	4.34%	4.89%	5.27%	6.11%	8.92%
Return on Common Equity (ROCE)	7.90%	4.87%	6.99%	5.41%	-5.37%	13.19%	14.73%	15.11%	17.43%	24.54%
Return on Equity Simple (ROE_SIMPLE)	8.33%	5.65%	7.31%	5.63%	-4.57%	14.24%	14.71%	16.62%	19.64%	29.12%
Net Operating Profit after Tax (NOPAT)	5,291	3,138	4,793	4,167	-1,322	4,416	1,615	5,158	6,265	4,911
NOPAT Margin	6.55%	4.55%	7.15%	6.47%	-2.34%	9.74%	4.66%	8.62%	10.94%	8.75%
Net Nonoperating Expense Percent (NNEP)	0.76%	-0.77%	-2.09%	0.24%	8.98%	-5.08%	-13.95%	1.35%	5.64%	-23.74%
Return On Investment Capital (ROIC_SIMPLE)	5.13%	2.98%	4.52%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	80.91%	82.46%	79.62%	80.60%	84.92%	76.29%	79.15%	73.87%	72.45%	72.07%
SG&A Expenses to Revenue	7.19%	8.43%	8.31%	7.84%	9.79%	8.18%	8.25%	10.74%	10.41%	10.87%
R&D to Revenue	3.63%	4.07%	4.04%	4.24%	4.56%	5.41%	5.41%	4.06%	4.15%	4.06%
Operating Expenses to Revenue	10.99%	12.37%	12.17%	11.42%	18.41%	12.87%	12.56%	12.53%	13.19%	14.93%
Earnings before Interest and Taxes (EBIT)	6,538	3,561	7,393	5,136	-1,889	4,914	3,536	8,138	8,221	7,291
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	10,902	7,772	11,501	9,693	2,267	7,622	5,432	10,278	10,183	9,154
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.56	1.98	1.94	1.65	1.37	2.75	1.93	2.92	2.71	2.52
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.91	1.72	2.11	1.87	1.75	2.53	2.13	1.45	1.31	1.23
Price to Earnings (P/E)	32.26	37.00	27.18	31.18	0.00	20.73	14.05	19.00	14.81	9.05
Dividend Yield	2.14%	2.82%	2.25%	2.49%	2.84%	2.21%	3.07%	2.51%	2.88%	3.30%
Earnings Yield	3.10%	2.70%	3.68%	3.21%	0.00%	4.82%	7.12%	5.26%	6.75%	11.05%
Enterprise Value to Invested Capital (EV/IC)	1.96	1.59	1.69	1.48	1.28	2.38	1.44	2.14	2.02	1.98
Enterprise Value to Revenue (EV/Rev)	2.37	2.28	2.52	2.26	2.19	3.43	3.33	1.79	1.63	1.49
Enterprise Value to EBITDA (EV/EBITDA)	17.57	20.21	14.67	15.04	54.66	20.42	21.30	10.40	9.18	9.15
Enterprise Value to EBIT (EV/EBIT)	29.29	44.12	22.83	28.38	0.00	31.67	32.72	13.14	11.37	11.49
Enterprise Value to NOPAT (EV/NOPAT)	36.19	50.07	35.21	34.98	0.00	35.24	71.62	20.73	14.92	17.06
Enterprise Value to Operating Cash Flow (EV/OCF)	26.75	19.93	23.55	20.41	28.59	26.74	43.33	43.24	14.58	12.41
Enterprise Value to Free Cash Flow (EV/FCFF)	30.23	36.03	52.14	53.59	0.00	8.08	0.00	81.34	39.41	10.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.71	0.43	0.42	0.43	0.98	1.12	0.87	0.81	0.71
Long-Term Debt to Equity	0.63	0.69	0.41	0.42	0.42	0.85	1.01	0.79	0.74	0.67
Financial Leverage	0.59	0.46	0.33	0.31	0.37	0.71	0.80	0.58	0.52	0.42
Leverage Ratio	2.63	2.36	2.15	2.18	2.55	3.22	3.20	3.06	3.03	2.90
Compound Leverage Factor	2.49	2.55	1.78	2.17	3.18	2.72	2.26	2.92	2.63	2.57
Debt to Total Capital	39.97%	41.63%	30.07%	29.65%	30.10%	49.39%	52.79%	46.56%	44.79%	41.35%
Short-Term Debt to Total Capital	2.46%	1.40%	1.15%	0.15%	0.75%	6.34%	5.04%	4.23%	4.13%	2.24%
Long-Term Debt to Total Capital	37.52%	40.23%	28.92%	29.50%	29.35%	43.05%	47.76%	42.33%	40.66%	39.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.75%	1.56%	1.49%	1.54%	1.63%	2.91%	2.64%	3.29%	3.53%	3.26%
Common Equity to Total Capital	58.28%	56.80%	68.67%	68.81%	68.27%	47.70%	44.57%	50.16%	51.68%	55.39%
Debt to EBITDA	3.78	5.64	2.77	3.25	14.04	5.67	8.38	2.67	2.35	2.23
Net Debt to EBITDA	3.27	4.79	2.23	2.44	10.15	5.03	7.25	1.80	1.64	1.46
Long-Term Debt to EBITDA	3.55	5.45	2.67	3.23	13.69	4.95	7.58	2.43	2.13	2.11
Debt to NOPAT	7.80	13.97	6.66	7.56	-24.07	9.80	28.19	5.33	3.81	4.16
Net Debt to NOPAT	6.74	11.87	5.36	5.68	-17.41	8.68	24.38	3.59	2.67	2.72
Long-Term Debt to NOPAT	7.32	13.50	6.40	7.52	-23.46	8.54	25.50	4.85	3.46	3.93
Altman Z-Score	2.00	1.67	2.06	1.82	1.47	1.91	1.46	2.59	2.60	2.48
Noncontrolling Interest Sharing Ratio	2.79%	2.20%	1.99%	2.26%	3.61%	5.67%	5.83%	6.27%	5.98%	5.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.99	1.04	1.09	1.19	1.21	1.32	1.13	1.35	1.30	1.18
Quick Ratio	0.32	0.37	0.39	0.49	0.50	0.29	0.65	0.88	0.85	0.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	6,335	4,361	3,237	2,720	-32,966	19,259	-28,437	1,315	2,372	7,684
Operating Cash Flow to CapEx	272.72%	326.42%	313.29%	334.68%	241.45%	311.62%	182.00%	122.79%	377.40%	408.90%
Free Cash Flow to Firm to Interest Expense	3.40	2.90	2.54	1.38	-24.13	12.10	-27.55	1.45	2.28	9.33
Operating Cash Flow to Interest Expense	3.84	5.24	5.62	3.62	3.17	3.66	2.59	2.72	6.17	8.20
Operating Cash Flow Less CapEx to Interest Expense	2.44	3.63	3.82	2.54	1.86	2.48	1.17	0.51	4.54	6.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.43	0.42	0.40	0.38	0.33	0.30	0.64	0.65	0.63
Accounts Receivable Turnover	7.40	6.91	7.15	6.81	6.29	3.94	2.58	4.97	5.17	5.32
Inventory Turnover	5.32	5.08	5.40	5.58	5.21	3.62	2.75	4.76	4.93	5.13
Fixed Asset Turnover	5.07	4.46	4.45	4.30	4.48	4.01	3.09	6.19	6.40	6.48
Accounts Payable Turnover	5.54	5.52	5.73	5.97	5.84	3.66	2.66	5.18	5.78	6.16
Days Sales Outstanding (DSO)	49.31	52.82	51.07	53.61	58.04	92.62	141.29	73.43	70.57	68.65
Days Inventory Outstanding (DIO)	68.57	71.91	67.64	65.37	70.10	100.91	132.66	76.74	74.10	71.22
Days Payable Outstanding (DPO)	65.91	66.13	63.72	61.15	62.49	99.67	137.28	70.45	63.18	59.24
Cash Conversion Cycle (CCC)	51.96	58.60	54.99	57.83	65.65	93.85	136.68	79.72	81.48	80.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	97,641	98,685	99,908	98,352	96,905	65,261	80,104	50,052	46,209	42,316
Invested Capital Turnover	0.82	0.69	0.68	0.66	0.70	0.62	0.53	1.24	1.29	1.28
Increase / (Decrease) in Invested Capital	-1,044	-1,223	1,556	1,447	31,644	-14,843	30,052	3,843	3,893	-2,773
Enterprise Value (EV)	191,510	157,096	168,773	145,753	123,905	155,628	115,695	106,933	93,489	83,801
Market Capitalization	154,025	118,209	141,247	120,469	99,163	114,761	74,037	86,491	74,859	68,843
Book Value per Share	$45.20	$41.59	$49.57	$48.82	$47.52	$48.39	$48.00	$37.08	$33.49	$30.84
Tangible Book Value per Share	($19.59)	($20.38)	($12.10)	($13.28)	($14.92)	($22.37)	($45.06)	($17.76)	($18.42)	($17.53)
Total Capital	103,219	105,272	106,128	106,184	105,707	87,578	86,256	59,037	53,366	49,391
Total Debt	41,261	43,827	31,914	31,485	31,823	43,252	45,537	27,485	23,901	20,425
Total Long-Term Debt	38,726	42,355	30,694	31,327	31,026	37,701	41,192	24,989	21,697	19,320
Net Debt	35,683	37,240	25,694	23,653	23,021	38,315	39,385	18,500	16,744	13,350
Capital Expenditures (CapEx)	2,625	2,415	2,288	2,134	1,795	1,868	1,467	2,014	1,699	1,652
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,409	-3,459	-1,671	-1,073	-477	15,597	2,328	1,978	1,691	-1,882
Debt-free Net Working Capital (DFNWC)	2,169	3,128	4,549	6,759	8,325	20,534	8,480	10,963	8,848	5,193
Net Working Capital (NWC)	-366	1,656	3,329	6,601	7,528	14,983	4,135	8,467	6,644	4,088
Net Nonoperating Expense (NNE)	278	-242	-515	55	1,973	-1,532	-4,039	238	849	-3,055
Net Nonoperating Obligations (NNO)	35,683	37,240	25,694	23,653	23,021	20,935	39,385	18,500	16,744	13,350
Total Depreciation and Amortization (D&A)	4,364	4,211	4,108	4,557	4,156	2,708	1,896	2,140	1,962	1,863
Debt-free, Cash-free Net Working Capital to Revenue	-4.22%	-5.02%	-2.49%	-1.67%	-0.84%	34.39%	6.71%	3.31%	2.95%	-3.35%
Debt-free Net Working Capital to Revenue	2.69%	4.54%	6.78%	10.50%	14.71%	45.28%	24.44%	18.32%	15.46%	9.26%
Net Working Capital to Revenue	-0.45%	2.40%	4.96%	10.25%	13.30%	33.04%	11.92%	14.15%	11.61%	7.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.58	$2.24	$3.52	$2.57	($2.59)	$3.80	$3.85	$3.37	$3.62	$5.11
Adjusted Weighted Average Basic Shares Outstanding	1.33B	1.43B	1.48B	1.50B	1.36B	1.46B	1.37B	1.35B	1.40B	1.49B
Adjusted Diluted Earnings per Share	$3.55	$2.23	$3.50	$2.56	($2.59)	$3.76	$3.81	$3.34	$3.59	$5.04
Adjusted Weighted Average Diluted Shares Outstanding	1.34B	1.44B	1.49B	1.51B	1.36B	1.47B	1.38B	1.36B	1.41B	1.51B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.80	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.33B	1.33B	1.46B	1.49B	1.52B	1.48B	1.47B	1.37B	1.38B	1.43B
Normalized Net Operating Profit after Tax (NOPAT)	5,291	3,138	4,793	4,167	906	4,416	1,615	5,158	6,265	4,911
Normalized NOPAT Margin	6.55%	4.55%	7.15%	6.47%	1.60%	9.74%	4.66%	8.62%	10.94%	8.75%
Pre Tax Income Margin	7.67%	5.57%	9.12%	7.93%	-4.16%	9.16%	7.22%	12.97%	12.46%	11.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.51	2.37	5.79	2.61	-1.38	3.09	3.43	8.95	7.91	8.85
NOPAT to Interest Expense	2.84	2.08	3.76	2.11	-0.97	2.78	1.57	5.67	6.03	5.96
EBIT Less CapEx to Interest Expense	2.10	0.76	4.00	1.52	-2.70	1.91	2.00	6.74	6.28	6.84
NOPAT Less CapEx to Interest Expense	1.43	0.48	1.96	1.03	-2.28	1.60	0.14	3.46	4.39	3.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	64.17%	95.83%	58.93%	71.91%	-82.91%	41.06%	38.38%	42.15%	38.20%	27.42%
Augmented Payout Ratio	73.03%	476.60%	111.74%	128.50%	-84.34%	43.59%	44.13%	71.69%	79.82%	152.95%

This table displays calculated financial ratios and metrics derived from RTX's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.19%	8.51%	49.21%	7.68%	12.15%	10.14%	-20.57%	12.27%	9.53%	6.15%	4.55%
EBITDA Growth	4.16%	14.60%	1,069.57%	-46.35%	7.64%	9.12%	-112.54%	26.87%	29.94%	-1.63%	2.64%
EBIT Growth	6.43%	18.80%	245.27%	-72.73%	10.85%	14.57%	-191.84%	43.39%	56.20%	3.54%	13.18%
NOPAT Growth	-4.09%	8.65%	267.14%	-82.87%	27.99%	12.64%	-177.29%	4.48%	40.51%	21.18%	-5.66%
Net Income Growth	-6.77%	5.91%	264.52%	-87.12%	17.69%	0.34%	-166.88%	1.57%	33.79%	90.16%	-4.84%
EPS Growth	-10.94%	5.77%	260.29%	-91.11%	31.96%	8.33%	-172.34%	2.27%	34.72%	108.70%	1.08%
Operating Cash Flow Growth	281.58%	-66.86%	-23.91%	280.11%	139.63%	1.79%	326.22%	-44.09%	-281.30%	46.41%	-59.73%
Free Cash Flow Firm Growth	-70.63%	-1.77%	298.35%	281.02%	349.74%	1,360.77%	-19.94%	-220.40%	1.18%	36.61%	25.32%
Invested Capital Growth	0.11%	-1.06%	-2.69%	-6.95%	-3.50%	-1.22%	1.22%	5.45%	3.54%	1.58%	3.20%
Revenue Q/Q Growth	-6.09%	7.64%	1.87%	2.15%	-3.12%	48.00%	-26.49%	6.40%	-4.86%	6.74%	3.90%
EBITDA Q/Q Growth	6.25%	4.10%	95.00%	-45.34%	3.28%	980.75%	-110.79%	9.67%	4.69%	1.25%	9.14%
EBIT Q/Q Growth	13.74%	4.09%	283.36%	-71.71%	5.23%	227.29%	-171.96%	15.00%	8.77%	2.04%	12.34%
NOPAT Q/Q Growth	3.03%	0.36%	655.10%	-87.72%	16.72%	254.39%	-177.40%	-8.23%	2.72%	5.93%	4.63%
Net Income Q/Q Growth	4.17%	1.63%	777.14%	-89.96%	18.33%	257.88%	-168.65%	-8.24%	0.89%	5.23%	4.26%
EPS Q/Q Growth	3.64%	0.92%	1,262.50%	-93.75%	23.08%	252.94%	-175.56%	-7.22%	1.04%	2.13%	6.82%
Operating Cash Flow Q/Q Growth	-16.40%	-38.13%	-7.68%	699.12%	-92.74%	42.07%	361.20%	183.31%	-118.65%	494.86%	-39.50%
Free Cash Flow Firm Q/Q Growth	-41.27%	-38.32%	-41.56%	38.76%	96.40%	224.55%	46.67%	-91.43%	-891.48%	88.15%	-42.47%
Invested Capital Q/Q Growth	1.89%	-0.70%	1.56%	-2.57%	0.70%	-2.34%	-2.88%	1.04%	3.07%	0.07%	1.18%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.27%	19.59%	20.08%	18.15%	18.45%	20.12%	5.30%	20.73%	20.73%	19.71%	20.57%
EBITDA Margin	17.00%	15.03%	15.54%	8.12%	15.17%	14.23%	-2.39%	16.29%	15.81%	14.36%	15.14%
Operating Margin	10.02%	9.76%	10.10%	2.68%	9.69%	8.92%	-10.37%	8.15%	9.80%	8.57%	8.97%
EBIT Margin	11.82%	9.76%	10.10%	2.68%	9.69%	8.92%	-10.37%	10.59%	9.80%	8.57%	8.97%
Profit (Net Income) Margin	8.00%	7.21%	7.64%	0.89%	9.03%	7.39%	-6.93%	7.42%	8.60%	8.11%	8.23%
Tax Burden Percent	82.99%	77.65%	80.54%	40.89%	94.17%	84.90%	70.57%	84.57%	81.55%	86.35%	83.18%
Interest Burden Percent	81.55%	95.17%	93.98%	80.91%	98.98%	97.64%	94.70%	82.84%	107.65%	109.61%	110.33%
Effective Tax Rate	17.01%	22.35%	19.46%	59.11%	5.83%	15.10%	0.00%	15.43%	18.45%	13.65%	16.82%
Return on Invested Capital (ROIC)	6.84%	6.24%	6.45%	0.79%	6.40%	5.25%	-4.85%	4.80%	5.41%	5.01%	5.01%
ROIC Less NNEP Spread (ROIC-NNEP)	6.66%	6.02%	6.15%	0.67%	6.35%	5.14%	-4.69%	5.14%	5.80%	5.53%	5.51%
Return on Net Nonoperating Assets (RNNOA)	3.90%	3.56%	2.99%	0.33%	3.06%	2.39%	-1.90%	1.99%	2.11%	1.83%	1.98%
Return on Equity (ROE)	10.73%	9.79%	9.44%	1.12%	9.46%	7.64%	-6.75%	6.79%	7.53%	6.84%	6.99%
Cash Return on Invested Capital (CROIC)	5.12%	6.45%	7.90%	9.72%	7.04%	4.39%	1.74%	-0.13%	1.65%	3.27%	1.55%
Operating Return on Assets (OROA)	5.95%	4.85%	4.88%	1.20%	4.27%	3.83%	-4.34%	4.66%	4.19%	3.59%	3.74%
Return on Assets (ROA)	4.02%	3.59%	3.69%	0.40%	3.98%	3.18%	-2.90%	3.26%	3.68%	3.40%	3.43%
Return on Common Equity (ROCE)	10.44%	9.52%	9.20%	1.09%	9.24%	7.47%	-6.59%	6.64%	7.37%	6.71%	6.83%
Return on Equity Simple (ROE_SIMPLE)	7.96%	0.00%	8.06%	4.17%	6.02%	0.00%	4.85%	7.87%	7.81%	0.00%	6.57%
Net Operating Profit after Tax (NOPAT)	1,689	1,639	1,633	216	1,761	1,509	-977	1,263	1,376	1,339	1,264
NOPAT Margin	8.32%	7.58%	8.13%	1.10%	9.12%	7.57%	-7.26%	6.89%	7.99%	7.40%	7.46%
Net Nonoperating Expense Percent (NNEP)	0.17%	0.22%	0.30%	0.12%	0.05%	0.11%	-0.15%	-0.34%	-0.39%	-0.52%	-0.50%
Return On Investment Capital (ROIC_SIMPLE)	1.61%	1.59%	-	-	-	1.43%	-	-	-	1.26%	-
Cost of Revenue to Revenue	79.73%	80.41%	79.92%	81.85%	81.55%	79.88%	94.70%	79.27%	79.27%	80.29%	79.43%
SG&A Expenses to Revenue	7.13%	7.28%	6.91%	7.35%	7.22%	7.25%	10.41%	8.74%	7.92%	7.35%	7.97%
R&D to Revenue	3.14%	3.74%	3.74%	3.58%	3.47%	3.80%	5.29%	3.98%	3.53%	3.96%	3.91%
Operating Expenses to Revenue	10.25%	9.82%	9.99%	15.47%	8.76%	11.20%	15.67%	12.58%	10.93%	11.14%	11.60%
Earnings before Interest and Taxes (EBIT)	2,401	2,111	2,028	529	1,870	1,777	-1,396	1,940	1,687	1,551	1,520
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,453	3,250	3,122	1,601	2,929	2,836	-322	2,984	2,721	2,599	2,567
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.87	2.56	2.64	2.25	2.29	1.98	1.47	1.91	1.90	1.94	1.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.16	1.91	2.04	1.83	1.95	1.72	1.52	1.96	2.01	2.11	1.74
Price to Earnings (P/E)	38.36	32.26	34.16	58.69	39.87	37.00	32.01	24.92	24.93	27.18	25.78
Dividend Yield	1.90%	2.14%	2.01%	2.40%	2.45%	2.82%	3.25%	2.36%	2.33%	2.25%	2.72%
Earnings Yield	2.61%	3.10%	2.93%	1.70%	2.51%	2.70%	3.12%	4.01%	4.01%	3.68%	3.88%
Enterprise Value to Invested Capital (EV/IC)	2.16	1.96	2.02	1.76	1.79	1.59	1.32	1.64	1.63	1.69	1.45
Enterprise Value to Revenue (EV/Rev)	2.62	2.37	2.51	2.36	2.50	2.28	1.99	2.41	2.45	2.52	2.19
Enterprise Value to EBITDA (EV/EBITDA)	19.39	17.57	18.92	24.22	22.25	20.21	17.73	16.32	16.43	14.67	14.98
Enterprise Value to EBIT (EV/EBIT)	31.99	29.29	31.98	61.37	47.42	44.12	40.06	27.22	27.53	22.83	26.54
Enterprise Value to NOPAT (EV/NOPAT)	41.18	36.19	38.43	67.21	50.40	50.07	45.12	32.46	32.42	35.21	31.31
Enterprise Value to Operating Cash Flow (EV/OCF)	26.40	26.75	19.24	15.37	19.54	19.93	17.13	32.34	28.86	23.55	25.37
Enterprise Value to Free Cash Flow (EV/FCFF)	42.09	30.23	25.18	17.47	24.91	36.03	76.55	0.00	101.02	52.14	94.69
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.67	0.67	0.69	0.69	0.71	0.49	0.48	0.46	0.43	0.47
Long-Term Debt to Equity	0.60	0.63	0.62	0.66	0.68	0.69	0.46	0.44	0.44	0.41	0.43
Financial Leverage	0.58	0.59	0.49	0.49	0.48	0.46	0.40	0.39	0.36	0.33	0.36
Leverage Ratio	2.59	2.63	2.44	2.40	2.36	2.36	2.24	2.20	2.16	2.15	2.19
Compound Leverage Factor	2.11	2.50	2.29	1.94	2.33	2.31	2.12	1.82	2.33	2.36	2.42
Debt to Total Capital	39.47%	39.97%	40.14%	40.99%	40.81%	41.63%	33.11%	32.30%	31.68%	30.07%	31.79%
Short-Term Debt to Total Capital	2.92%	2.46%	3.17%	1.80%	0.49%	1.40%	2.40%	2.40%	1.62%	1.15%	2.27%
Long-Term Debt to Total Capital	36.55%	37.52%	36.97%	39.19%	40.33%	40.23%	30.70%	29.90%	30.05%	28.92%	29.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.00%
Noncontrolling Interests to Total Capital	1.75%	1.75%	1.66%	1.65%	1.57%	1.56%	1.55%	1.47%	1.46%	1.49%	1.50%
Common Equity to Total Capital	58.79%	58.28%	58.20%	57.36%	57.62%	56.80%	65.34%	66.23%	66.86%	68.67%	66.71%
Debt to EBITDA	3.73	3.78	4.02	5.98	5.37	5.64	4.68	3.39	3.37	2.77	3.46
Net Debt to EBITDA	3.27	3.27	3.38	5.13	4.67	4.79	3.96	2.87	2.79	2.23	2.91
Long-Term Debt to EBITDA	3.46	3.55	3.70	5.72	5.31	5.45	4.34	3.14	3.20	2.67	3.22
Debt to NOPAT	7.93	7.80	8.17	16.61	12.16	13.97	11.91	6.74	6.65	6.66	7.24
Net Debt to NOPAT	6.94	6.74	6.87	14.24	10.57	11.87	10.06	5.72	5.51	5.36	6.07
Long-Term Debt to NOPAT	7.34	7.32	7.52	15.88	12.02	13.50	11.04	6.24	6.30	6.40	6.72
Altman Z-Score	2.05	1.91	1.91	1.70	1.82	1.63	1.51	1.90	1.91	1.94	1.73
Noncontrolling Interest Sharing Ratio	2.77%	2.79%	2.53%	2.45%	2.37%	2.20%	2.26%	2.19%	2.12%	1.99%	2.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	0.99	0.99	0.99	1.07	1.04	1.03	1.10	1.13	1.09	1.09
Quick Ratio	0.32	0.32	0.32	0.33	0.35	0.37	0.34	0.37	0.40	0.39	0.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,576	2,683	4,350	7,444	5,365	2,732	-2,193	-4,112	-2,148	-217	-1,829
Operating Cash Flow to CapEx	254.39%	146.02%	457.07%	508.94%	73.23%	585.22%	587.94%	136.69%	-165.96%	541.29%	151.07%
Free Cash Flow to Firm to Interest Expense	0.00	5.52	8.77	15.67	13.25	5.60	-5.94	-12.35	-6.82	-0.68	-5.88
Operating Cash Flow to Interest Expense	0.00	3.21	5.09	5.75	0.84	9.65	8.99	2.16	-2.74	14.55	2.50
Operating Cash Flow Less CapEx to Interest Expense	0.00	1.01	3.97	4.62	-0.31	8.00	7.46	0.58	-4.39	11.86	0.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.50	0.48	0.45	0.44	0.43	0.42	0.44	0.43	0.42	0.42
Accounts Receivable Turnover	7.53	7.40	7.84	7.19	6.98	6.91	6.96	6.95	7.16	7.15	7.03
Inventory Turnover	5.06	5.32	5.01	4.84	4.97	5.08	4.93	5.07	5.17	5.40	5.28
Fixed Asset Turnover	5.15	5.07	5.06	4.67	4.61	4.46	4.47	4.70	4.57	4.45	4.52
Accounts Payable Turnover	5.49	5.54	5.77	5.75	5.73	5.52	5.74	5.65	5.95	5.73	5.94
Days Sales Outstanding (DSO)	48.46	49.31	46.54	50.79	52.30	52.82	52.48	52.49	50.95	51.07	51.89
Days Inventory Outstanding (DIO)	72.15	68.57	72.92	75.48	73.44	71.91	74.04	71.95	70.59	67.64	69.07
Days Payable Outstanding (DPO)	66.50	65.91	63.30	63.49	63.74	66.13	63.64	64.55	61.39	63.72	61.48
Cash Conversion Cycle (CCC)	54.12	51.96	56.16	62.78	61.99	58.60	62.88	59.89	60.15	54.99	59.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	99,487	97,641	98,333	96,821	99,374	98,685	101,050	104,049	102,978	99,908	99,834
Invested Capital Turnover	0.82	0.82	0.79	0.72	0.70	0.69	0.67	0.70	0.68	0.68	0.67
Increase / (Decrease) in Invested Capital	113	-1,044	-2,717	-7,228	-3,604	-1,223	1,216	5,375	3,524	1,556	3,093
Enterprise Value (EV)	214,424	191,510	198,391	170,595	177,547	157,096	133,596	170,168	168,252	168,773	144,659
Market Capitalization	176,453	154,025	161,172	132,759	138,658	118,209	102,142	138,599	138,069	141,247	115,012
Book Value per Share	$46.18	$45.20	$45.94	$44.37	$45.49	$41.59	$47.82	$49.61	$49.69	$49.57	$47.54
Tangible Book Value per Share	($18.50)	($19.59)	($20.15)	($21.71)	($21.15)	($20.38)	($13.85)	($12.23)	($12.00)	($12.10)	($13.56)
Total Capital	104,644	103,219	105,015	102,832	104,981	105,272	106,506	109,440	108,871	106,128	105,215
Total Debt	41,300	41,261	42,156	42,151	42,844	43,827	35,260	35,353	34,486	31,914	33,447
Total Long-Term Debt	38,244	38,726	38,823	40,303	42,334	42,355	32,701	32,723	32,717	30,694	31,059
Net Debt	36,143	35,683	35,474	36,140	37,237	37,240	29,804	29,962	28,593	25,694	28,066
Capital Expenditures (CapEx)	513	1,069	552	537	467	805	564	526	520	855	515
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,809	-3,409	-3,832	-4,503	-2,093	-3,459	-1,381	1,394	1,252	-1,671	455
Debt-free Net Working Capital (DFNWC)	3,348	2,169	2,850	1,508	3,514	3,128	4,075	6,785	7,145	4,549	5,836
Net Working Capital (NWC)	292	-366	-483	-340	3,004	1,656	1,516	4,155	5,376	3,329	3,448
Net Nonoperating Expense (NNE)	64	79	98	41	18	36	-44	-96	-105	-129	-131
Net Nonoperating Obligations (NNO)	36,143	35,683	35,474	36,140	37,237	37,240	29,804	29,962	28,593	25,694	28,066
Total Depreciation and Amortization (D&A)	1,052	1,139	1,094	1,072	1,059	1,059	1,074	1,044	1,034	1,048	1,047
Debt-free, Cash-free Net Working Capital to Revenue	-2.21%	-4.22%	-4.85%	-6.22%	-2.95%	-5.02%	-2.06%	1.98%	1.83%	-2.49%	0.69%
Debt-free Net Working Capital to Revenue	4.10%	2.69%	3.61%	2.08%	4.95%	4.54%	6.07%	9.61%	10.42%	6.78%	8.84%
Net Working Capital to Revenue	0.36%	-0.45%	-0.61%	-0.47%	4.23%	2.40%	2.26%	5.89%	7.84%	4.96%	5.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.15	$1.11	$1.10	$0.08	$1.29	$1.03	($0.68)	$0.91	$0.98	$0.97	$0.94
Adjusted Weighted Average Basic Shares Outstanding	1.34B	1.33B	1.33B	1.33B	1.33B	1.43B	1.44B	1.46B	1.46B	1.48B	1.47B
Adjusted Diluted Earnings per Share	$1.14	$1.10	$1.09	$0.08	$1.28	$1.04	($0.68)	$0.90	$0.97	$0.96	$0.94
Adjusted Weighted Average Diluted Shares Outstanding	1.34B	1.34B	1.33B	1.33B	1.33B	1.44B	1.44B	1.46B	1.46B	1.49B	1.47B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.34B	1.33B	1.33B	1.33B	1.33B	1.33B	1.44B	1.46B	1.46B	1.46B	1.47B
Normalized Net Operating Profit after Tax (NOPAT)	1,689	1,639	1,633	370	1,761	1,509	-977	1,263	1,376	1,339	1,264
Normalized NOPAT Margin	8.32%	7.58%	8.13%	1.88%	9.12%	7.57%	-7.26%	6.89%	7.99%	7.40%	7.46%
Pre Tax Income Margin	9.64%	9.29%	9.49%	2.17%	9.59%	8.71%	-9.82%	8.77%	10.55%	9.40%	9.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	4.34	4.09	1.11	4.62	3.64	-3.78	5.83	5.36	4.88	4.89
NOPAT to Interest Expense	0.00	3.37	3.29	0.46	4.35	3.09	-2.65	3.79	4.37	4.21	4.07
EBIT Less CapEx to Interest Expense	0.00	2.14	2.98	-0.02	3.46	1.99	-5.31	4.25	3.70	2.19	3.23
NOPAT Less CapEx to Interest Expense	0.00	1.17	2.18	-0.68	3.19	1.44	-4.18	2.21	2.72	1.52	2.41
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	67.17%	64.17%	64.60%	130.07%	88.36%	95.83%	96.68%	56.44%	55.84%	58.93%	66.83%
Augmented Payout Ratio	76.12%	73.03%	281.34%	610.62%	427.84%	476.60%	185.42%	94.70%	101.99%	111.74%	125.85%

Frequently Asked Questions About RTX's Financials

When does RTX's financial year end?

According to the most recent income statement we have on file, RTX's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has RTX's net income changed over the last 9 years?

RTX's net income appears to be on a downward trend, with a most recent value of $5.01 billion in 2024, falling from $7.97 billion in 2015. The previous period was $3.38 billion in 2023. See RTX's forecast for analyst expectations on what’s next for the company.

What is RTX's operating income?

RTX's total operating income in 2024 was $6.54 billion, based on the following breakdown:

Total Gross Profit: $15.41 billion
Total Operating Expenses: $8.87 billion

How has RTX revenue changed over the last 9 years?

Over the last 9 years, RTX's total revenue changed from $56.10 billion in 2015 to $80.74 billion in 2024, a change of 43.9%.

How much debt does RTX have?

RTX's total liabilities were at $100.90 billion at the end of 2024, a 0.5% increase from 2023, and a 72.4% increase since 2015.

How much cash does RTX have?

In the past 9 years, RTX's cash and equivalents has ranged from $4.94 billion in 2019 to $8.99 billion in 2017, and is currently $5.58 billion as of their latest financial filing in 2024.

How has RTX's book value per share changed over the last 9 years?

Over the last 9 years, RTX's book value per share changed from 30.84 in 2015 to 45.20 in 2024, a change of 46.5%.

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This page (NYSE:RTX) was last updated on 5/29/2025 by MarketBeat.com Staff

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RTX (RTX) Financials

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