Overview
RTX Corp
Latest 10-K: FY2025, filed Feb 6, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $88.60B
- 9.7%YoYup from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Operating income
- $9.30B
- 42.2%YoYup from FY2024
- OperatingIncome
- Net income
- $6.73B
- 41.0%YoYup from FY2024
- NetIncome
- Diluted EPS
- $4.96
- 39.7%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 1.36B
- 1.0%YoYup from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- RTX Corp reported revenue of $88.60B for fiscal 2025, up 9.7% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 2 of the last 5 fiscal years.
Profitability
- Operating margin was 10.5% and net margin was 7.6%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $4.96, up 39.7% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $88.60B9.7%up Benchmark median 6.4% | $80.74B17.1%up Benchmark median 4.5% | $68.92B2.8%up Benchmark median 4.8% | $67.07B4.2%up Benchmark median 10.3% | $64.39B13.8%up Benchmark median 13.8% | 8.3% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $9.30B42.2%up Benchmark median 7.3% | $6.54B83.6%up Benchmark median 7.4% | $3.56B35.3%down Benchmark median 4.9% | $5.50B7.2%up Benchmark median 7.5% | $5.14Bn/m Benchmark median 23.5% | 16.0% Benchmark median 7.2% |
| Net Income | $6.73B41.0%up Benchmark median 4.8% | $4.77B49.4%up Benchmark median 5.7% | $3.19B38.5%down Benchmark median 1.9% | $5.20B34.5%up Benchmark median 1.3% | $3.86Bn/m Benchmark median 33.9% | 14.9% Benchmark median 4.1% |
| EPS (Diluted) | $4.9639.7%up Benchmark median 6.2% | $3.5559.2%up Benchmark median 7.9% | $2.2336.3%down Benchmark median 1.9% | $3.5036.7%up Benchmark median 1.5% | $2.56n/m Benchmark median 34.8% | 18.0% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $171.08B5.0%up Benchmark median 5.6% | $162.86B0.6%up Benchmark median 3.4% | $161.87B1.9%up Benchmark median 4.1% | $158.86B1.6%down Benchmark median 2.2% | $161.40B0.5%down Benchmark median 6.7% | 1.5% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $103.94B3.0%up Benchmark median 6.4% | $100.90B0.5%up Benchmark median 1.9% | $100.42B18.6%up Benchmark median 2.9% | $84.65B2.4%down Benchmark median 2.0% | $86.70B1.8%down Benchmark median 5.2% | 4.6% Benchmark median 4.4% |
| Stockholders' Equity | $67.10B8.4%up Benchmark median 6.8% | $61.92B0.8%up Benchmark median 5.4% | $61.41B17.2%down Benchmark median 7.3% | $74.18B0.7%down Benchmark median 2.5% | $74.66B1.1%up Benchmark median 9.0% | -2.6% Benchmark median 6.1% |
| Cash & Equivalents | $7.43B33.3%up Benchmark median 5.2% | $5.58B15.3%down Benchmark median 1.9% | $6.59B5.9%up Benchmark median 6.7% | $6.22B20.6%down Benchmark median -8.6% | $7.83B11.0%down Benchmark median -2.9% | -1.3% Benchmark median 2.0% |
| Total Debt | $37.70B8.2%down Benchmark median 2.1% | $41.08B6.3%down Benchmark median 0.2% | $43.83B37.9%up Benchmark median 0.3% | $31.79B1.0%up Benchmark median 0.1% | $31.48B0.8%down Benchmark median -0.1% | 4.6% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.57B47.6%up Benchmark median 6.3% | $7.16B9.2%down Benchmark median 4.8% | $7.88B10.0%up Benchmark median 9.9% | $7.17B0.4%up Benchmark median -0.7% | $7.14B64.8%up Benchmark median 10.7% | 10.3% Benchmark median 7.0% |
| Capital Expenditures | $2.63B0.1%up Benchmark median 5.4% | $2.63B8.7%up Benchmark median 2.8% | $2.42B5.6%up Benchmark median 11.3% | $2.29B7.2%up Benchmark median 14.0% | $2.13B18.9%up Benchmark median 8.1% | 5.3% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $7.94B75.1%up Benchmark median 7.3% | $4.53B17.1%down Benchmark median 6.1% | $5.47B12.0%up Benchmark median 8.8% | $4.88B2.6%down Benchmark median -11.3% | $5.01B97.2%up Benchmark median 10.2% | 12.2% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.7%
Wall Street
on net earnings
FY2024 3.1%
3.2%
Value investor
on free cash flow
FY2024 2.9%
Gap +0.5 pts: Value-investor figure 0.5 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 37.0×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
4.9%
Wall Street
on EBITDA
FY2024 5.7%
3.3%
Value investor
on EBIT
FY2024 3.4%
Gap −1.6 pts: Value-investor figure 1.6 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 20.3×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
27.0%
Wall Street
on book equity
FY2024 39.8%
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 3.7×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
10.4%
Wall Street
ROE: net income ÷ equity
FY2024 7.7%
7.0%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 4.9%
Gap −3.4 pts: Value-investor figure 3.4 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
15.4%
Wall Street
EBITDA margin
FY2024 13.5%
9.0%
Value investor
Free-cash-flow margin
FY2024 5.6%
Gap −6.4 pts: Value-investor figure 6.4 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.03×
Wall Street
Current ratio
FY2024 0.99×
0.80×
Value investor
Quick ratio, inventory excluded
FY2024 0.74×
Gap −0.23×: Value-investor figure 0.23 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.36×
Wall Street
EBITDA ÷ total debt
FY2024 0.27×
0.21×
Value investor
FCF ÷ total debt
FY2024 0.11×
Gap −0.15×: Value-investor figure 0.15 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 2.16×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on RTX yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on RTX and publish the result to your public profile.
Cite this page
Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/RTX
Valuein. (2026, October 31). RTX Corp (RTX) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/RTX
@misc{valuein_rtx_2026,
author = {{Valuein}},
title = {RTX Corp (RTX) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/RTX}},
note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}10-K filed Feb 6, 2026 · accession 0000101829-26-000006
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point-in-time · survivorship-free · every number traceable to its SEC filing
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