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RTX (RTX) Financials

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$134.21 +1.86 (+1.41%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$133.20 -1.01 (-0.75%)
As of 04:32 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for RTX

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

Quarterly Income Statements for RTX

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

Annual Cash Flow Statements for RTX

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

Quarterly Cash Flow Statements for RTX

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 - -

Annual Balance Sheets for RTX

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

Quarterly Balance Sheets for RTX

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

Annual Metrics And Ratios for RTX

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%

Quarterly Metrics And Ratios for RTX

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 fiscal year end?

According to the most recent income statement we have on file, RTX's financial year ends in December. Their financial 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%.



This page (NYSE:RTX) was last updated on 5/28/2025 by MarketBeat.com Staff
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