RTX (RTX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

RTX

NYSE•Industrials•Aerospace & Defense

$203.82+1.03(0.01%)After hours

Market Cap

$275.96B

P/E

32.8x

P/S

2.9x

P/B

4.0x

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.

How this company scores

ExcellentMetricSide Score: 83/100

Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowRising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 32.8x5y range 25.6x – 59.1x

Currently near its 20-quarter median.

P/S · 2.9x5y range 1.6x – 2.9x

Currently above its 20-quarter median.

P/B · 4.0x5y range 1.5x – 4.0x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $275.96B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $95.99B
Q. Revenue: $24.96B
TTM EBITDA: $15.68B
TTM Op. Income: $11.30B
Q. Op. Income: $3.34B
TTM Net Income: $8.40B
Q. Net Income: $2.58B
EPS: $1.91
Shares Out.: $1.35B

$95.99B in TTM revenue grew 11.6% YoY, reaching $24.96B last quarter. TTM EBITDA of $15.68B and TTM operating income of $11.30B show growth is flowing through to the bottom line. TTM net income of $8.40B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 17.6%
Op. Margin: 13.4%
Net Margin: 10.3%

Op. margin of 13.4% is up 2.1% YoY — cost efficiency is improving. Net margin at 10.3% Over the past year, operating margin is up 19% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 32.8x
P/S Ratio: 2.9x
P/B Ratio: 4.0x

At 32.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.9x and P/B of 4.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 1% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $176.60B
Cash: $9.17B
Long-Term Debt: $31.49B
Book Value: $69.25B
D/E Ratio: 0.5
Debt/EBITDA: 7.1

With $176.60B in assets and $31.49B in long-term debt, D/E is 0.5and book value is $69.25B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.87B
TTM Free Cash Flow: $9.50B
FCF Margin: 9.9%
FCF / Net Income: 1.1

TTM FCF of $9.50B on $2.87B in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 81% — a weakening trend.