This page shows RTX Corp (RTX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
RTX Corp has an operating margin of 10.5%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is up from 8.1% the prior year.
RTX Corp's revenue grew 9.7% year-over-year to $88.6B, a solid pace of expansion. This earns a growth score of 50/100.
RTX Corp carries a low D/E ratio of 0.53, meaning only $0.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
RTX Corp's current ratio of 1.03 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 15/100, which could limit financial flexibility.
RTX Corp has a free cash flow margin of 9.0%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.
RTX Corp's ROE of 10.3% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 7.9% the prior year.
RTX Corp scores 2.70, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($264.1B) relative to total liabilities ($103.9B). This signals moderate financial risk that warrants monitoring.
RTX Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, RTX Corp generates $1.57 in operating cash flow ($10.6B OCF vs $6.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
RTX Corp generated $88.6B in revenue in fiscal year 2025. This represents an increase of 9.7% from the prior year.
RTX Corp's EBITDA was $13.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.5% from the prior year.
RTX Corp reported $6.7B in net income in fiscal year 2025. This represents an increase of 41.0% from the prior year.
RTX Corp earned $4.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 39.7% from the prior year.
Cash & Balance Sheet
RTX Corp generated $7.9B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 75.1% from the prior year.
RTX Corp held $7.4B in cash against $34.3B in long-term debt as of fiscal year 2025.
RTX Corp paid $2.67 per share in dividends in fiscal year 2025. This represents an increase of 7.7% from the prior year.
RTX Corp had 1.34B shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Margins & Returns
RTX Corp's operating margin was 10.5% in fiscal year 2025, reflecting core business profitability. This is up 2.4 percentage points from the prior year.
RTX Corp's net profit margin was 7.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.
RTX Corp's ROE was 10.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the prior year.
Capital Allocation
RTX Corp invested $2.8B in research and development in fiscal year 2025. This represents a decrease of 4.3% from the prior year.
RTX Corp spent $50.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 88.7% from the prior year.
RTX Corp invested $2.6B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.1% from the prior year.
RTX Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.2B+7.8% | $22.5B+4.2% | $21.6B+6.3% | $20.3B-6.1% | $21.6B+7.6% | $20.1B+1.9% | $19.7B+2.2% | $19.3B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $789.0M+15.4% | $684.0M-1.9% | $697.0M+9.4% | $637.0M-21.2% | $808.0M+7.6% | $751.0M+6.4% | $706.0M+5.5% | $669.0M |
| SG&A Expenses | $1.6B+14.1% | $1.4B-8.7% | $1.6B+8.6% | $1.4B-8.0% | $1.6B+13.3% | $1.4B-4.1% | $1.4B+3.9% | $1.4B |
| Operating Income | $2.6B+2.9% | $2.5B+17.6% | $2.1B+5.5% | $2.0B-3.6% | $2.1B+4.1% | $2.0B+283.4% | $529.0M-71.7% | $1.9B |
| Interest Expense | N/A | N/A | N/A | N/A | $486.0M-2.0% | $496.0M+4.4% | $475.0M+17.3% | $405.0M |
| Income Tax | $584.0M+35.2% | $432.0M+37.1% | $315.0M-5.4% | $333.0M-25.8% | $449.0M+21.0% | $371.0M+46.6% | $253.0M+134.3% | $108.0M |
| Net Income | $1.6B-15.4% | $1.9B+15.8% | $1.7B+7.9% | $1.5B+3.6% | $1.5B+0.7% | $1.5B+1226.1% | $111.0M-93.5% | $1.7B |
| EPS (Diluted) | N/A | $1.41+15.6% | $1.22+7.0% | $1.14 | N/A | $1.09+1262.5% | $0.08-93.8% | $1.28 |
RTX Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $171.1B+1.4% | $168.7B+0.9% | $167.1B+1.4% | $164.9B+1.2% | $162.9B-1.2% | $164.8B+2.3% | $161.2B+0.6% | $160.2B |
| Current Assets | $60.3B+5.6% | $57.1B+4.5% | $54.7B+3.3% | $52.9B+3.5% | $51.1B-1.2% | $51.8B+5.2% | $49.2B+2.5% | $48.0B |
| Cash & Equivalents | $7.4B+24.6% | $6.0B+24.8% | $4.8B-7.3% | $5.2B-7.5% | $5.6B-16.5% | $6.7B+11.2% | $6.0B+7.2% | $5.6B |
| Inventory | $13.4B-3.2% | $13.8B-1.5% | $14.0B+2.9% | $13.6B+6.7% | $12.8B-5.2% | $13.5B+3.2% | $13.0B+5.3% | $12.4B |
| Accounts Receivable | $14.7B+14.5% | $12.8B+3.6% | $12.4B+8.4% | $11.4B+4.1% | $11.0B+8.7% | $10.1B-1.5% | $10.3B-0.3% | $10.3B |
| Goodwill | $53.3B+0.1% | $53.3B0.0% | $53.3B+0.5% | $53.0B+0.5% | $52.8B-1.8% | $53.8B+0.8% | $53.3B-0.6% | $53.6B |
| Total Liabilities | $103.9B+1.6% | $102.3B-0.6% | $102.9B+1.4% | $101.5B+0.6% | $100.9B-1.0% | $102.0B+1.5% | $100.5B+2.5% | $98.0B |
| Current Liabilities | $58.8B+10.4% | $53.2B-2.0% | $54.3B+3.2% | $52.6B+2.2% | $51.5B-1.4% | $52.2B+5.4% | $49.6B+10.1% | $45.0B |
| Long-Term Debt | $34.3B-10.4% | $38.3B0.0% | $38.3B0.0% | $38.2B-6.9% | $41.1B+5.8% | $38.8B-3.7% | $40.3B-4.8% | $42.3B |
| Total Equity | $65.2B+1.1% | $64.5B+3.4% | $62.4B+1.4% | $61.5B+2.3% | $60.2B-1.6% | $61.1B+3.6% | $59.0B-2.5% | $60.5B |
| Retained Earnings | $56.7B+1.3% | $56.0B+3.5% | $54.1B-0.3% | $54.3B+1.3% | $53.6B+1.2% | $52.9B+2.8% | $51.5B-2.9% | $53.1B |
RTX Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.2B-10.2% | $4.6B+912.9% | $458.0M-64.9% | $1.3B-16.4% | $1.6B-38.1% | $2.5B-7.7% | $2.7B+699.1% | $342.0M |
| Capital Expenditures | $970.0M+58.0% | $614.0M+15.8% | $530.0M+3.3% | $513.0M-52.0% | $1.1B+93.7% | $552.0M+2.8% | $537.0M+15.0% | $467.0M |
| Free Cash Flow | $3.2B-20.6% | $4.0B+5690.3% | -$72.0M-109.1% | $792.0M+61.0% | $492.0M-75.0% | $2.0B-10.2% | $2.2B+1856.8% | -$125.0M |
| Investing Cash Flow | -$549.0M-216.6% | $471.0M+192.5% | -$509.0M+24.9% | -$678.0M+13.0% | -$779.0M-9.0% | -$715.0M+2.5% | -$733.0M-205.8% | $693.0M |
| Financing Cash Flow | -$2.2B+45.1% | -$3.9B-1011.3% | -$353.0M+66.6% | -$1.1B+43.5% | -$1.9B-61.3% | -$1.2B+26.9% | -$1.6B+21.1% | -$2.0B |
| Dividends Paid | $914.0M+0.4% | $910.0M0.0% | $910.0M+8.3% | $840.0M+4.7% | $802.0M-2.6% | $823.0M0.0% | $823.0M+7.0% | $769.0M |
| Share Buybacks | $0 | $0 | $0-100.0% | $50.0M0.0% | $50.0M-83.0% | $294.0M+568.2% | $44.0M-21.4% | $56.0M |
RTX Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 10.7%-0.5pp | 11.2%+1.3pp | 9.9%-0.1pp | 10.0%+0.3pp | 9.8%-0.3pp | 10.1%+7.4pp | 2.7%-7.0pp | 9.7% |
| Net Margin | 6.7%-1.8pp | 8.5%+0.9pp | 7.7%+0.1pp | 7.6%+0.7pp | 6.9%-0.5pp | 7.3%+6.8pp | 0.6%-8.3pp | 8.8% |
| Return on Equity | 2.5%-0.5pp | 3.0%+0.3pp | 2.7%+0.2pp | 2.5%+0.0pp | 2.5%+0.1pp | 2.4%+2.2pp | 0.2%-2.6pp | 2.8% |
| Return on Assets | 0.9%-0.2pp | 1.1%+0.1pp | 1.0%+0.1pp | 0.9%+0.0pp | 0.9%+0.0pp | 0.9%+0.8pp | 0.1%-1.0pp | 1.1% |
| Current Ratio | 1.03-0.0 | 1.07+0.1 | 1.010.0 | 1.01+0.0 | 0.990.0 | 0.990.0 | 0.99-0.1 | 1.07 |
| Debt-to-Equity | 0.53-0.1 | 0.59-0.0 | 0.610.0 | 0.62-0.1 | 0.68+0.0 | 0.64-0.0 | 0.68-0.0 | 0.70 |
| FCF Margin | 13.2%-4.7pp | 17.9%+18.2pp | -0.3%-4.2pp | 3.9%+1.6pp | 2.3%-7.5pp | 9.8%-1.3pp | 11.1%+11.8pp | -0.7% |
Similar Companies
Frequently Asked Questions
What is RTX Corp's annual revenue?
RTX Corp (RTX) reported $88.6B in total revenue for fiscal year 2025. This represents a 9.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is RTX Corp's revenue growing?
RTX Corp (RTX) revenue grew by 9.7% year-over-year, from $80.7B to $88.6B in fiscal year 2025.
Is RTX Corp profitable?
Yes, RTX Corp (RTX) reported a net income of $6.7B in fiscal year 2025, with a net profit margin of 7.6%.
What is RTX Corp's EBITDA?
RTX Corp (RTX) had EBITDA of $13.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does RTX Corp have?
As of fiscal year 2025, RTX Corp (RTX) had $7.4B in cash and equivalents against $34.3B in long-term debt.
What is RTX Corp's operating margin?
RTX Corp (RTX) had an operating margin of 10.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is RTX Corp's net profit margin?
RTX Corp (RTX) had a net profit margin of 7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does RTX Corp pay dividends?
Yes, RTX Corp (RTX) paid $2.67 per share in dividends during fiscal year 2025.
What is RTX Corp's return on equity (ROE)?
RTX Corp (RTX) has a return on equity of 10.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is RTX Corp's free cash flow?
RTX Corp (RTX) generated $7.9B in free cash flow during fiscal year 2025. This represents a 75.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is RTX Corp's operating cash flow?
RTX Corp (RTX) generated $10.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are RTX Corp's total assets?
RTX Corp (RTX) had $171.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are RTX Corp's capital expenditures?
RTX Corp (RTX) invested $2.6B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does RTX Corp spend on research and development?
RTX Corp (RTX) invested $2.8B in research and development during fiscal year 2025.
What is RTX Corp's current ratio?
RTX Corp (RTX) had a current ratio of 1.03 as of fiscal year 2025, which is considered adequate.
What is RTX Corp's debt-to-equity ratio?
RTX Corp (RTX) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is RTX Corp's return on assets (ROA)?
RTX Corp (RTX) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is RTX Corp's Altman Z-Score?
RTX Corp (RTX) has an Altman Z-Score of 2.70, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is RTX Corp's Piotroski F-Score?
RTX Corp (RTX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are RTX Corp's earnings high quality?
RTX Corp (RTX) has an earnings quality ratio of 1.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is RTX Corp?
RTX Corp (RTX) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.