RTX Corporation (RTX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RTX SEC filings page.
RTX Corporation (RTX) reported $93.5B in revenue over the twelve months to Jun 30, 2026, up 11.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
RTX’s 2025 acceleration came with stronger cash conversion, but a thin current ratio leaves limited short-term balance-sheet cushion.
Operating margin expansion reached10.5% in FY2025 while operating cash flow reached$10.6B , linking the earnings improvement to cash generation rather than accounting alone. Free cash flow conversion recovered to9.0% from5.6% in FY2024, showing that more of the enlarged business translated into discretionary cash.
A 1.0x current ratio means current assets only just cover current liabilities, while 0.5x debt-to-equity indicates leverage is meaningful but not dominant relative to book equity. Liabilities of
Capital spending held near
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of RTX Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
RTX Corporation has an operating margin of 10.5%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is up from 8.1% the prior year.
RTX Corporation's revenue grew 9.7% year-over-year to $88.6B, a solid pace of expansion. This earns a growth score of 72/100.
RTX Corporation has a moderate D/E ratio of 0.53. This balance of debt and equity financing earns a leverage score of 32/100.
RTX Corporation's current ratio of 1.03 is below the typical benchmark, resulting in a score of 20/100. This tight liquidity could limit financial flexibility if cash inflows slow.
RTX Corporation has a free cash flow margin of 9.0%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.
RTX Corporation's ROE of 10.3% shows moderate profitability relative to equity, earning a score of 57/100. This is up from 7.9% the prior year.
RTX Corporation scores 2.62, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($250.6B) relative to total liabilities ($103.9B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
RTX Corporation passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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 Corporation 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.
RTX Corporation earns $5.32 in operating income for every $1 of interest expense ($9.3B vs $1.7B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
RTX Corporation generated $24.7B in revenue in Q2 2026. This represents an increase of 14.5% from the same quarter a year earlier. Against the prior quarter it is up 11.9%.
RTX Corporation's EBITDA was $3.9B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.7% from the same quarter a year earlier. Against the prior quarter it is up 7.3%.
RTX Corporation reported $2.1B in net income in Q2 2026. This represents an increase of 29.1% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.
RTX Corporation earned $1.57 per diluted share (EPS) in Q2 2026. This represents an increase of 28.7% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.
Cash & Balance Sheet
RTX Corporation generated $2.9B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 4097.2% from the same quarter a year earlier. Against the prior quarter it is up 119.9%.
RTX Corporation held $8.3B in cash against $31.9B in long-term debt as of Q2 2026.
RTX Corporation paid $1.46 per share in dividends in Q2 2026. This represents an increase of 7.4% from the same quarter a year earlier. Against the prior quarter it is up 114.7%.
Margins & Returns
RTX Corporation's operating margin was 11.4% in Q2 2026, reflecting core business profitability. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
RTX Corporation's net profit margin was 8.7% in Q2 2026, showing the share of revenue converted to profit. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.
RTX Corporation's ROE was 3.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Not reported for Q2 2026.
Capital Allocation
RTX Corporation invested $726.0M in research and development in Q2 2026. This represents an increase of 4.2% from the same quarter a year earlier. Against the prior quarter it is up 15.8%.
RTX Corporation repurchased no shares in Q2 2026.
RTX Corporation invested $669.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 26.2% from the same quarter a year earlier. Against the prior quarter it is up 22.5%.
RTX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.7B+14.5% | $22.1B+8.7% | $24.2B+12.1% | $22.5B+11.9% | $21.6B+9.4% | $20.3B+5.2% | $21.6B+8.5% | $20.1B+49.2% |
| R&D Expenses | $726.0M+4.2% | $627.0M-1.6% | $789.0M-2.4% | $684.0M-8.9% | $697.0M-1.3% | $637.0M-4.8% | $808.0M+6.7% | $751.0M+5.5% |
| SG&A Expenses | $1.7B+5.4% | $1.5B+1.9% | $1.6B+4.1% | $1.4B+3.4% | $1.6B+8.6% | $1.4B+3.9% | $1.6B+8.9% | $1.4B-0.9% |
| Operating Income | $2.8B+31.0% | $2.6B+25.6% | $2.6B+23.0% | $2.5B+24.4% | $2.1B+305.7% | $2.0B+8.8% | $2.1B+18.8% | $2.0B+245.3% |
| EBITDA | $3.9B+20.7% | $3.6B+17.5% | $3.8B+15.5% | $3.6B+15.8% | $3.2B+101.2% | $3.1B+5.4% | $3.3B+14.6% | $3.1B+1069.6% |
| Interest Expense | $417.0M-8.8% | $390.0M-12.0% | $400.0M-17.7% | $449.0M-9.5% | $457.0M-3.8% | $443.0M+9.4% | $486.0M-0.4% | $496.0M+34.4% |
| Income Tax | $493.0M+56.5% | $363.0M+9.0% | $584.0M+30.1% | $432.0M+16.4% | $315.0M+24.5% | $333.0M+208.3% | $449.0M+71.4% | $371.0M+195.4% |
| Net Income | $2.1B+29.1% | $2.1B+34.1% | $1.6B+9.4% | $1.9B+30.3% | $1.7B+1392.8% | $1.5B-10.2% | $1.5B+3.9% | $1.5B+249.6% |
| EPS (Basic) | $1.58+27.4% | $1.53+33.0% | $1.21+9.0% | $1.43+30.0% | $1.24+1450.0% | $1.15-10.9% | $1.11+8.8% | $1.10+261.8% |
| EPS (Diluted) | $1.57+28.7% | $1.51+32.5% | $1.19+8.2% | $1.41+29.4% | $1.22+1425.0% | $1.14-10.9% | $1.10+7.8% | $1.09+260.3% |
| Diluted Shares (Avg) | 1.36B+0.8% | 1.36B+0.9% | N/A | 1.36B+0.9% | 1.35B+0.9% | 1.35B+1.1% | N/A | 1.35B-7.0% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
RTX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $174.0B+4.1% | $170.4B+3.4% | $171.1B+5.0% | $168.7B+2.3% | $167.1B+3.7% | $164.9B+2.9% | $162.9B+0.6% | $164.8B+1.5% |
| Current Assets | $63.9B+16.9% | $60.0B+13.4% | $60.3B+18.0% | $57.1B+10.3% | $54.7B+11.0% | $52.9B+10.2% | $51.1B+5.6% | $51.8B+11.3% |
| Cash & Equivalents | $8.3B+73.7% | $6.8B+32.2% | $7.4B+33.3% | $6.0B-10.7% | $4.8B-20.4% | $5.2B-8.0% | $5.6B-15.3% | $6.7B+22.5% |
| Short-Term Investments | $711.0M+4.7% | $694.0M+1.8% | $750.0M-4.6% | $713.0M-4.4% | $679.0M-4.9% | $682.0M-3.3% | $786.0M+5.5% | $746.0M+1.2% |
| Inventory | $14.4B+2.8% | $14.2B+3.9% | $13.4B+4.7% | $13.8B+2.5% | $14.0B+7.4% | $13.6B+9.9% | $12.8B+8.4% | $13.5B+11.7% |
| Accounts Receivable | $13.9B+12.6% | $12.9B+13.3% | $14.7B+33.9% | $12.8B+27.1% | $12.4B+20.8% | $11.4B+11.1% | $11.0B+1.3% | $10.1B+0.4% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $52.9B-0.7% | $53.3B+0.4% | $53.3B+1.0% | $53.3B-0.8% | $53.3B0.0% | $53.0B-1.1% | $52.8B-1.7% | $53.8B-0.2% |
| Total Liabilities | $105.8B+2.9% | $102.4B+0.9% | $103.9B+3.0% | $102.3B+0.3% | $102.9B+2.4% | $101.5B+3.5% | $100.9B+0.5% | $102.0B+11.8% |
| Current Liabilities | $63.2B+16.4% | $58.6B+11.3% | $58.8B+14.1% | $53.2B+1.9% | $54.3B+9.6% | $52.6B+16.9% | $51.5B+10.1% | $52.2B+16.1% |
| Non-Current Liabilities | $42.6B-12.3% | $43.8B-10.4% | $45.2B-8.6% | $49.0B-1.3% | $48.6B-4.6% | $48.9B-7.8% | $49.4B-7.9% | $49.7B+7.6% |
| Long-Term Debt | $31.9B-16.7% | $33.0B-13.8% | $34.3B-11.5% | $38.3B-1.5% | $38.3B-5.1% | $38.2B-9.7% | $38.7B-8.6% | $38.8B+18.7% |
| Total Equity | $66.4B+6.4% | $66.3B+7.7% | $65.2B+8.5% | $64.5B+5.6% | $62.4B+5.8% | $61.5B+1.7% | $60.2B+0.6% | $61.1B-12.2% |
| Retained Earnings | $58.0B+7.2% | $57.9B+6.6% | $56.7B+5.8% | $56.0B+5.8% | $54.1B+5.1% | $54.3B+2.3% | $53.6B+2.8% | $52.9B+2.8% |
RTX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.5B+674.5% | $1.9B+42.1% | $4.2B+166.8% | $4.6B+83.9% | $458.0M-83.2% | $1.3B+281.6% | $1.6B-66.9% | $2.5B-23.9% |
| Depreciation & Amortization | $1.1B+0.3% | $1.1B+1.8% | $1.2B+1.8% | $1.1B-0.3% | $1.1B+0.4% | $1.1B-0.7% | $1.1B+7.6% | $1.1B+1.9% |
| Stock-Based Compensation | N/A | $132.0M+18.9% | N/A | N/A | N/A | $111.0M-0.9% | N/A | N/A |
| Capital Expenditures | $669.0M+26.2% | $546.0M+6.4% | $970.0M-9.3% | $614.0M+11.2% | $530.0M-1.3% | $513.0M+9.9% | $1.1B+32.8% | $552.0M-2.1% |
| Free Cash Flow | $2.9B+4097.2% | $1.3B+65.3% | $3.2B+549.4% | $4.0B+104.2% | -$72.0M-103.3% | $792.0M+733.6% | $492.0M-87.4% | $2.0B-28.4% |
| Investing Cash Flow | -$944.0M-85.5% | -$608.0M+10.3% | -$549.0M+29.5% | $471.0M+165.9% | -$509.0M+30.6% | -$678.0M-197.8% | -$779.0M+20.3% | -$715.0M+16.8% |
| Financing Cash Flow | -$1.1B-202.8% | -$1.8B-74.2% | -$2.2B-15.3% | -$3.9B-238.8% | -$353.0M+77.7% | -$1.1B+47.4% | -$1.9B+28.6% | -$1.2B+51.3% |
| Dividends Paid | $983.0M+8.0% | $915.0M+8.9% | $914.0M+14.0% | $910.0M+10.6% | $910.0M+10.6% | $840.0M+9.2% | $802.0M+4.6% | $823.0M-1.8% |
| Share Buybacks | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $50.0M-10.7% | $50.0M-99.5% | $294.0M-79.4% |
RTX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 11.4%+1.4pp | 11.6%+1.6pp | 10.7%+0.9pp | 11.2%+1.1pp | 9.9%+7.3pp | 10.0%+0.3pp | 9.8%+0.8pp | 10.1%+20.5pp |
| Net Margin | 8.7%+1.0pp | 9.3%+1.8pp | 6.7%-0.2pp | 8.5%+1.2pp | 7.7%+7.1pp | 7.6%-1.3pp | 6.9%-0.3pp | 7.3%+14.6pp |
| Return on Equity | 3.2%+0.6pp | 3.1%+0.6pp | 2.5%0.0pp | 3.0%+0.6pp | 2.7%+2.5pp | 2.5%-0.3pp | 2.5%+0.1pp | 2.4%+3.8pp |
| Return on Assets | 1.2%+0.2pp | 1.2%+0.3pp | 0.9%0.0pp | 1.1%+0.3pp | 1.0%+0.9pp | 0.9%-0.1pp | 0.9%0.0pp | 0.9%+1.5pp |
| Current Ratio | 1.010.0x | 1.020.0x | 1.030.0x | 1.07+0.1x | 1.010.0x | 1.01-0.1x | 0.990.0x | 0.990.0x |
| Debt-to-Equity | 0.48-0.1x | 0.50-0.1x | 0.53-0.1x | 0.590.0x | 0.61-0.1x | 0.62-0.1x | 0.64-0.1x | 0.64+0.2x |
| Asset Turnover | 0.140.0x | 0.130.0x | 0.140.0x | 0.130.0x | 0.130.0x | 0.120.0x | 0.130.0x | 0.120.0x |
| FCF Margin | 11.7%+12.0pp | 5.9%+2.0pp | 13.2%+10.9pp | 17.9%+8.1pp | -0.3%-11.5pp | 3.9%+4.5pp | 2.3%-17.3pp | 9.8%-10.6pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| RTX Corporation RTX | FY2025 | $88.6B | $6.7B | 7.6% | $250.6B | 51/100 |
| Boeing Company BA | FY2025 | $89.5B | $2.2B | 2.5% | $148.4B | 27/100 |
| Lockheed Martin Corp. LMT | FY2025 | $75.0B | $5.0B | 6.7% | $117.2B | 56/100 |
| General Dynamics Corporation GD | FY2025 | $52.5B | $4.2B | 8.0% | $89.3B | 63/100 |
| Howmet Aerospace Inc. HWM | FY2025 | $8.3B | $1.5B | 18.3% | $88.8B | 71/100 |
| Northrop Grumman Corp. NOC | FY2025 | $42.0B | $4.2B | 10.0% | $68.8B | 49/100 |
Where RTX Corporation Ranks
Frequently Asked Questions
What is RTX Corporation's annual revenue?
RTX Corporation (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 Corporation's revenue growing?
RTX Corporation (RTX) revenue grew by 9.7% year-over-year, from $80.7B to $88.6B in fiscal year 2025.
Is RTX Corporation profitable?
Yes, RTX Corporation (RTX) reported a net income of $6.7B in fiscal year 2025, with a net profit margin of 7.6%.
What is RTX Corporation's EBITDA?
RTX Corporation (RTX) had EBITDA of $13.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does RTX Corporation have?
As of fiscal year 2025, RTX Corporation (RTX) had $7.4B in cash and equivalents against $34.3B in long-term debt.
What is RTX Corporation's operating margin?
RTX Corporation (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 Corporation's net profit margin?
RTX Corporation (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 Corporation pay dividends?
Yes, RTX Corporation (RTX) paid $2.67 per share in dividends during fiscal year 2025.
What is RTX Corporation's return on equity (ROE)?
RTX Corporation (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 Corporation's free cash flow?
RTX Corporation (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 Corporation's operating cash flow?
RTX Corporation (RTX) generated $10.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are RTX Corporation's total assets?
RTX Corporation (RTX) had $171.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are RTX Corporation's capital expenditures?
RTX Corporation (RTX) invested $2.6B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does RTX Corporation spend on research and development?
RTX Corporation (RTX) invested $2.8B in research and development during fiscal year 2025.
What is RTX Corporation's current ratio?
RTX Corporation (RTX) had a current ratio of 1.03 as of fiscal year 2025, which is considered adequate.
What is RTX Corporation's debt-to-equity ratio?
RTX Corporation (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 Corporation's return on assets (ROA)?
RTX Corporation (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 Corporation's P/E ratio?
RTX Corporation (RTX) trades at 32.4x earnings, its market capitalization divided by net income of $7.7B net income, trailing 12 months to June 30, 2026. The market capitalization is $250.6B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is RTX Corporation's price-to-sales ratio?
RTX Corporation (RTX) trades at 2.7x sales, its market capitalization divided by revenue of $93.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $250.6B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is RTX Corporation's Altman Z-Score?
RTX Corporation (RTX) has an Altman Z-Score of 2.62, 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 Corporation's Piotroski F-Score?
RTX Corporation (RTX) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are RTX Corporation's earnings high quality?
RTX Corporation (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.
Can RTX Corporation cover its interest payments?
RTX Corporation (RTX) has an interest coverage ratio of 5.32x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is RTX Corporation?
RTX Corporation (RTX) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.