RTX
RTX Corp
Industrials • CIK: 0000101829
Loading...
Market Cap
$259.29B
P/E (TTM)
35.7x
Rev Growth (TTM)
+10.6%
Net Margin (TTM)
8.0%
FCF Yield (TTM)
3.1%
FCF Margin (TTM)
8.8%
Cash Flow Health
Free Cash Flow7/8 positive
TTM$8.0B
Q1 '26
$1.2B-60%
Q4 '25
$3.0B-22%
FCF Margin
TTM8.8%
Q1 '265.5%-56%
Sector: 4.7%Above Avg
OCF Margin12.3%
OCF/NI1.53x
CapEx Coverage4.2x
FCF Yield3.1%
FCF Growth (2Y)+40%
Cash Conversion Cycle
53 days
DSO: 53+DIO: –−DPO: –
Capital Allocation & Returns
Growth Focused
Total Shareholder YieldFY
FY1.3%
Div Yield1.3%
Prioritizing reinvestment over distributions
Dividend & Payout Metrics
Dividend Yield (TTM)1.3%
FCF Payout Ratio43.8%
Free Cash Flow (TTM)$8.0B
Stock Repurchases (FY)$0
Capital Return / FCF43.8%
Est. Dividends Paid (TTM)$3.5B
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
7.6%
Stable
+0.0% YoY+6.7%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
8.9%
8Q: 8.2%
Asset Turnover
0.54x
8Q: 0.52x
Leverage (1+D/E)
1.50x
D/E: 0.50x
DuPont: 7.1% ≈ 7.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
5.49x
8Q:5.29x
+48.7%
Invested Cap Turn
0.86x
8Q:0.83x
+12.8%
CapEx Intensity
2.5%
8Q:2.1%
CapEx/Depreciation
0.60x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $90.4B | $22.1B↓8.9% | $24.2B↑7.8% | $22.5B↑4.2% | $21.6B↑6.3% | $20.3B↓6.1% | $21.6B↑7.6% | $20.1B↑1.9% | $19.7B |
Operating Income | $9.8B | $2.6B↓1.6% | $2.6B↑2.9% | $2.5B↑17.6% | $2.1B↑5.5% | $2.0B↑1935.0% | $100.0M↓95.1% | $2.0B↑283.4% | $529.0M |
Net Income | $7.3B | $2.1B↑26.9% | $1.6B↓15.4% | $1.9B↑15.8% | $1.7B↑7.9% | $1.5B↑3.6% | $1.5B↑0.7% | $1.5B↑1226.1% | $111.0M |
Operating Cash Flow | $11.1B | $1.9B↓55.5% | $4.2B↓10.2% | $4.6B↑912.9% | $458.0M↓64.9% | $1.3B↓16.4% | $1.6B↓38.1% | $2.5B↓7.7% | $2.7B |
Free Cash Flow | $8.0B | $1.2B↓60.3% | $3.0B↓21.9% | $3.9B↑2112.4% | $-194.0M↓128.2% | $688.0M↑109.8% | $328.0M↓82.2% | $1.8B↓9.8% | $2.0B |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
35.7x
Volatile
8Q: 117.4x-63757%
Valuation Lenses
Earnings
35.7x
vs – sector
Cash Flow
36.3x
EV/FCF vs –
Growth-Adj
0.6xPEG
Undervalued for growth
Quality-Adj
4.7P/E per %ROIC
ROIC: 7.6%
Shareholder Returns
Dividend
1.3%
Buyback
–
Total Yield
1.3%
Market Cap$259.29B
EV$289.45B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
74/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Above Avg
11.3%
8Q:–
Return on Invested Capital (ROIC)Top 25%
7.6%
8Q:–
+6.7%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 8.9%
Asset Turnover: 0.54x
Earnings Quality
Cash Conversion
1.53x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin–
Capital Efficiency
Invested Capital Turnover0.86x
Working Capital
Cash Conversion Cycle53 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
71/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
10.6%
OpInc Growth YoY
25.6%
EPS Growth YoY
56.3%
FCF 3Y CAGR
40.1%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
✓Sustainability Index: 7.5/10 - Highly sustainable growth
Margin Quality & Sustainability
High Quality
Profitability Cascade
Gross
—
Operating
10.9%
Above Avg in sector
Net
8.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+0.8 pts
FCF: 8.8% | Net: 8.0%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Adequate
Net Debt / EBITDA
–Net Debt: $25.41B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.50x
Balance sheet risk & solvency analysis