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NEW YORK STOCK EXCHANGE, INC. · Aerospace & Defense · CIK 0000101829
$192.43
+0.43% · live
Updated
$258.30B market value
From RTX Corp's FY2025 10-K, filed Feb 6, 2026 · read the filing
RTX makes aircraft and aerospace equipment. It took in $88.60B last year, which makes it a very large company. Of every dollar it sells, about 8 cents is left as profit.
The financial picture is led by debt, with profitability and growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by 4 insiders, not under a pre-arranged plan.
$6.9M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Generally healthy, with a few things to watch.
From RTX Corp's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Operating income
$6.54B → $9.30B
Profit
$4.77B → $6.73B
Free cash flow
$4.53B → $7.94B
Earnings per share
$3.58 → $5.02
Measured against FY2024, from the 10-K filed Feb 6, 2026
Improved: +42.2%
$6.54B to $9.30BCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +41.0%
$4.77B to $6.73BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
RTX rose 0.43% on the latest quote. The average Industrials company tracked here moved +0.35%, and the S&P 500 −1.04%. That is in line with its sector and 1.5 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 13% a year for the next 10 years. Over the last 10 years it grew by about 5% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 8 cents of every dollar of sales as profit, earning $6.73B last year.
Slowly. Sales grew 9.7% last year.
No. At its current cash flow it could clear its debt in about 2.6 years. For every $1 it owes, it owns $1.65 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 53 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 34% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $6.73B and generated $10.57B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Feb 6, 2026Filing for FY2025 | FY202410-K · Feb 3, 2025Filing for FY2024 | FY202310-K · Feb 3, 2025Filing for FY2023 | FY202210-K · Feb 3, 2025Filing for FY2022 | FY202110-K · Feb 5, 2024Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $88.60B | $80.74B | $68.92B | $67.07B | $64.39B | +9.7% |
| Selling, general and administrative | $6.09B | $5.81B | $5.81B | $5.57B | $5.05B | +5.0% |
| Operating income | $9.30B | $6.54B | $3.56B | $5.50B | $5.14B | +42.2% |
| Operating marginOperating income ÷ revenueWhat is this? | 10.5% | 8.1% | 5.2% | 8.2% | 8.0% | +2.4 pts |
| Interest expense | — | $1.86B | $1.50B | $1.28B | $1.32B | — |
| Income before tax | $8.73B | $6.19B | $3.84B | $6.12B | $5.11B | +41.0% |
| Net income | $6.73B | $4.77B | $3.19B | $5.20B | $3.86B | +41.0% |
| Net marginNet income ÷ revenueWhat is this? | 7.6% | 5.9% | 4.6% | 7.7% | 6.0% | +1.7 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $5.02 | $3.58 | $2.18 | $3.48 | $2.54 | +39.9% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| RTXRTX Corp · this page | 7.3/10 | 8/8 | 9.7% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 143 shares
Holds 20,246 shares after this filing.
Had shares withheld to cover taxes — 143 shares at $185.01 ($26.5K)
Holds 20,103 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q3 FY2026
Revenue +11.1% · Operating margin +2.1 pts · Cash +53.8% — against Q3 FY2025
Read the filingPublished results
Read the filingWrite down why you are following RTX Corp, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 34 subsidiaries named in its 10-K, incorporated across 16 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from RTX's 10-K for fiscal year 2025 (period ending 2025-12-31, filed Feb 6, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 7.3 | 8/8 | 10-K, filed Feb 6, 2026 |
| FY2024 | 6.0 | 7/8 | 10-K, filed Feb 3, 2025 |
| FY2023 | 4.7 | 5/8 | 10-K, filed Feb 5, 2024 |
| FY2022 | 4.7 | 6/8 | 10-K, filed Feb 7, 2023 |
| FY2021 | 4.7 | 6/8 | 10-K, filed Feb 11, 2022 |
| FY2020 | 4.7 | 5/8 | 10-K, filed Feb 8, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
8 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
2.66
In the grey zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Improved: +75.1%
$4.53B to $7.94BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +39.9%
$3.58 to $5.02Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -16.5%
$41.08B to $34.29BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +33.3%
$5.58B to $7.43BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +9.7%
$80.74B to $88.60BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +2.4 pts
8.1% to 10.5%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.7 pts
5.9% to 7.6%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Changed: +11.1%
$3.22B to $3.57BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Q3 FY2026 against Q3 FY2025, from the 10-Q filed Oct 20, 2026 — read it.
Improved: +53.8%
$5.97B to $9.17BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +32.3%
$2.52B to $3.34BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +34.7%
$1.92B to $2.58BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +33.8%
$1.43 to $1.91Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -17.7%
$38.26B to $31.49BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +11.1%
$22.48B to $24.96BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +2.1 pts
11.2% to 13.4%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.8 pts
8.5% to 10.3%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Q3 FY2026 against Q2 FY2026, from the 10-Q filed Oct 20, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +18.7%
$2.81B to $3.34BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +20.8%
$2.14B to $2.58BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +20.6%
$1.59 to $1.91Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +2.0 pts
11.4% to 13.4%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.7 pts
8.7% to 10.3%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +10.5%
$8.30B to $9.17BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 11% and 16%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 29 analysts covering this company, as of . Their views, not this site's.
Of 29 analysts publishing on this company, 7 say strong buy, 13 say buy, 8 say hold and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 1.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 29.7x — investors pay $29.7 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
| 7.6% |
| 38.37x |
| 1.59x |
| GEGENERAL ELECTRIC CO | 10.0/10 | 5/8 | 18.5% | 19.0% | 35.37x | 5.96x |
|---|
| BABOEING CO | 7.0/10 | 7/9 | 34.5% | 2.5% | 84.94x | 29.85x |
|---|
| LMTLOCKHEED MARTIN CORP | 7.3/10 | 6/9 | 5.6% | 6.7% | 26.93x | 7.90x |
|---|
| GDGENERAL DYNAMICS CORP | 7.3/10 | 8/8 | 10.1% | 8.0% | 22.53x | 1.23x |
|---|
| HWMHowmet Aerospace Inc. | 9.0/10 | 8/9 | 11.1% | 18.3% | 51.48x | 1.09x |
|---|
| NOCNORTHROP GRUMMAN CORP /DE/ | 7.3/10 | 7/8 | 2.2% | 10.0% | 18.75x | 2.08x |
|---|
| TDGTransDigm Group INC | 7.0/10 | 7/9 | 11.2% | 23.5% | 31.00x | -3.36x |
|---|
| Median of peers | 7.3/10 | — | 11.1% | 10.0% | 31.00x | 2.08x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Exercised stock options — 84 shares
Holds 11,111 shares after this filing.
Had shares withheld to cover taxes — 84 shares at $185.01 ($15.5K)
Holds 11,027 shares after this filing.
Exercised stock options — 20,069 shares at $71.62 ($1.4M)
Holds 33,253 shares after this filing.
Shares were sold back to the company — 6,414 shares at $224.07 ($1.4M)
Holds 26,839 shares after this filing.
Sold on the open market — 13,655 shares at $223.92 ($3.1M)
Holds 13,184 shares after this filing.
Sold on the open market — 4,760 shares at $213.62 ($1.0M)
Holds 22,349 shares after this filing.
Sold on the open market — 2,250 shares at $216.93 ($488.1K)
Holds 20,099 shares after this filing.
Sold on the open market — 2,295 shares at $218.05 ($500.4K)
Holds 1,785 shares after this filing.
Exercised stock options — 12,600 shares at $97.65 ($1.2M)
Holds 23,220 shares after this filing.
Sold on the open market — 1,811 shares at $210.65 ($381.5K)
Holds 21,409 shares after this filing.
Shares were sold back to the company — 5,854 shares at $210.17 ($1.2M)
Holds 15,555 shares after this filing.
Sold on the open market — 6,746 shares at $210.20 ($1.4M)
Holds 8,809 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 13,655 shares ($1.6M) on or after .
Shares originally obtained via SAR Exercise.
Filed notice to sell 2,295 shares ($500.0K) on or after .
Shares originally obtained via Stock Award.
Filed notice to sell 8,557 shares ($1.8M) on or after .
Shares originally obtained via SAR Exercise.
Filed notice to sell 7,010 shares ($1.0M) on or after .
Shares originally obtained via RSU Vesting.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join
Quarterly report for Q2 FY2026
Revenue +14.5% · Operating margin +1.4 pts · Cash +73.7% — against Q2 FY2025
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +8.7% · Operating margin +1.6 pts · Free cash flow +65.3% — against Q1 FY2025
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +9.7% · Operating margin +2.4 pts · Operating income +42.2% — against FY2024
Read the filingPublished results
Read the filingReported another event
Read the filingQuarterly report for Q3 FY2025
Revenue +11.9% · Operating margin +1.1 pts · Operating income +24.4% — against Q3 FY2024
Read the filingPublished results
Read the filingReported another event
Read the filingQuarterly report for Q2 FY2025
Revenue +9.4% · Operating margin +7.3 pts · Operating income +305.7% — against Q2 FY2024
Read the filingPublished results
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2025
Read the filingSource: Exhibit 21 of the 10-K filed 2026-02-06. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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Primary sources and further research