RTX Corporation (RTX) stock analysis
Company overview and business model
Source fact: RTX Corporation, an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide. It operates through three segments: Collins Aerospace (Collins), Pratt & Whitney, and Raytheon. The Collins segment offers aerospace and defense products, and aftermarket services for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations. This segment designs, manufactures, and supplies electric power generation and management and distribution, environmental control, flight control, air data and aircraft sensing, engine control, and engine nacelle systems, as well as engine components; cabin interiors, including seating, oxygen, food and beverage preparation, storage and galley, lavatory, and wastewater management systems; connected aviation solutions and services; and systems solutions for connected battlespace, test and training range systems, crew escape systems, and simulation and training. It also provides spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units, as well as offers fleet management and aftermarket maintenance, repair, and overhaul services. The Raytheon segment provides defensive and offensive threat detection, tracking, and mitigation capabilities for government and commercial customers. This segment offers sensors, mission orchestration and satellite control products, and software. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia.
Classification: NYSE · Industrials · Aerospace & Defense
Revenue and growth
Source fact: Revenue was USD 88.60 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +9.7% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 6.73 billion in the latest reported period.
Source metric: Reported net margin was 7.6%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 7.43 billion.
Source fact: Total debt was USD 39.51 billion.
Source metric: Current ratio was 1.03x.
Cash-flow analysis
Source fact: Operating cash flow was USD 10.57 billion.
Source fact: Free cash flow was USD 7.45 billion.
Valuation
Source metrics: Trailing P/E 39.19x; Forward P/E 28.39x; Price to book 4.53x; Price to sales 3.21x; EV/EBITDA 20.94x.
Caverian model output: Value score was 27/100.
Competitive position
Classification: Peer context: Aerospace & Defense within Industrials.
Caverian model output: Quality score was 65/100.
Caverian model output: Growth score was 70/100.
Material risks
Caverian calculation: Altman Z-score was 2.93 (grey zone).
Caverian calculation: Piotroski F-score was 8/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles