RTX Corp
RTX—
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RTX Corp AI Insights
Informational only. Not investment advice.Snapshot
- Goodwill of 53.3B is 83% of equity (64.5B) - tangible book value is NEGATIVE (-21.1B). Material impairment risk from acquisition-heavy strategy.[Goodwill]
- Operating margin TTM 10.3% vs industry median 3.6% - nearly 3x advantage despite aerospace supply chain pressures.[Operating Margin TTM]
- FCF TTM 4.7B (5.5% yield on 86B revenue) while paying down 2.9B debt - deleveraging while funding 2.8B R&D.[Free Cash Flow TTM]
Watch Triggers
- Goodwill: Any impairment charge >5B — Would reduce equity by 8%+ and signal acquisition value destruction
- Free Cash Flow TTM: Falls below 4B for 2 consecutive quarters — Threatens dividend coverage (3.6B annual) and deleveraging capacity
- Operating Margin TTM: Drops below 8% — Supply chain or contract issues eroding competitive advantage vs peers
Bull Case
Defense prime contractor with 86B revenue, 10.3% operating margin, and multi-year government contracts provides earnings visibility rare in industrials. ROIC 6.3% exceeds cost of debt.
Total Revenue TTMOperating Margin TTMROIC TTM
Active deleveraging: 2.9B net debt paydown TTM while maintaining 2.62 dividend. Debt/equity 0.63x manageable for defense prime.
Net Issuance Payments of DebtDebt to EquityDividends Paid Per Share TTM
Bear Case
Negative tangible book (-21.1B) means 83% of equity is goodwill from UTX/Raytheon merger. Any impairment directly hits equity and could breach covenants.
GoodwillTangible Book ValueCommon Stockholders Equity
P/E 35.2x vs industry median 21.4x - 64% premium requires flawless execution. FCF yield only 2.0% on 233B market cap.
PE RatioFree Cash Flow TTMMarket Cap TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
45%
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Forward Thesis
Defense backlog and commercial aerospace recovery drive mid-single-digit revenue growth through 2027
1-3ymed
- 86B revenue base with sticky defense contracts
- Commercial aftermarket recovery post-COVID
- R&D of 2.8B (3.3% of revenue) sustains competitive moat
Revenue TTM 86B, 10x industry medianOperating margin 10.3% vs 3.6% medianNet debt reduction of 2.9B TTM
Valuation Context
Caveats
Public Strategies Rankings
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RTX Fundamentals
Manufacturing → Transportation Equipment Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$265.11B | — | ||
$297.18B | — | ||
39 | — | ||
$88.6B | +9.7% | — | |
$4.96 | +39.7% | — | |
10.5% | +2.4% | — | |
7.60% | +1.7% | — | |
$7.45B | +89.9% | — | |
10.7% | +2.8% | — | |
Beta 5Y (Monthly) | unknown | — |
RTX Dividend History
105 dividends
2026
$0.680002/20/26$0.6800
2025
$2.670011/21/25$0.6800
08/15/25$0.6800
05/23/25$0.6800
02/21/25$0.6300
2024
$2.480011/15/24$0.6300
08/16/24$0.6300
05/16/24$0.6300
02/22/24$0.5900
2023
$2.320011/16/23$0.5900
08/17/23$0.5900
05/18/23$0.5900
02/23/23$0.5500
2022
$2.160011/17/22$0.5500
08/18/22$0.5500
05/19/22$0.5500
02/24/22$0.5100
2021
$2.005011/18/21$0.5100
08/19/21$0.5100
05/20/21$0.5100
02/25/21$0.4750
2020
$2.160011/12/20$0.4750
08/13/20$0.4750
05/14/20$0.4750
02/13/20$0.7350
2019
$2.940011/14/19$0.7350
08/15/19$0.7350
05/16/19$0.7350
02/14/19$0.7350
2018
$2.835011/15/18$0.7350
08/16/18$0.7000
05/17/18$0.7000
02/15/18$0.7000
2017
$2.720011/16/17$0.7000
08/16/17$0.7000
05/17/17$0.6600
02/15/17$0.6600
2016
$2.620011/16/16$0.6600
08/17/16$0.6600
05/18/16$0.6600
02/17/16$0.6400
2015
$2.560011/10/15$0.6400
08/12/15$0.6400
05/13/15$0.6400
02/11/15$0.6400
2014
$2.360011/12/14$0.5900
08/13/14$0.5900
05/14/14$0.5900
02/12/14$0.5900
2013
$2.195011/13/13$0.5900
08/14/13$0.5350
05/15/13$0.5350
02/13/13$0.5350
2012
$2.030011/14/12$0.5350
08/15/12$0.5350
05/16/12$0.4800
02/15/12$0.4800
2011
$1.865011/16/11$0.4800
08/17/11$0.4800
05/18/11$0.4800
02/16/11$0.4250
2010
$1.700011/17/10$0.4250
08/18/10$0.4250
05/12/10$0.4250
02/17/10$0.4250
2009
$1.540011/18/09$0.3850
08/19/09$0.3850
05/13/09$0.3850
02/18/09$0.3850
2008
$1.345011/12/08$0.3850
08/13/08$0.3200
05/14/08$0.3200
02/13/08$0.3200
2007
$1.170011/14/07$0.3200
08/15/07$0.3200
05/16/07$0.2650
02/14/07$0.2650
2006
$1.015011/15/06$0.2650
08/16/06$0.2650
05/17/06$0.2650
02/15/06$0.2200
2005
$0.880011/16/05$0.2200
08/17/05$0.2200
05/18/05$0.2200
02/16/05$0.2200
2004
$0.700011/17/04$0.1750
08/18/04$0.1750
05/19/04$0.1750
02/18/04$0.1750
2003
$0.567511/12/03$0.1750
08/20/03$0.1350
05/14/03$0.1350
02/12/03$0.1225
2002
$0.490011/13/02$0.1225
08/21/02$0.1225
05/15/02$0.1225
02/13/02$0.1225
2001
$0.450011/14/01$0.1125
08/22/01$0.1125
05/16/01$0.1125
02/14/01$0.1125
2000
$0.412511/15/00$0.1125
08/23/00$0.1000
05/17/00$0.1000
02/16/00$0.1000
RTX Stock Splits
1 stock split
06/13/051:2 split
RTX SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/06/26 | 12/31/25 | 10-K | |
10/21/25 | 09/30/25 | 10-Q | |
07/22/25 | 06/30/25 | 10-Q | |
04/22/25 | 03/31/25 | 10-Q | |
02/03/25 | 12/31/24 | Unknown | |
10/22/24 | 09/30/24 | 10-Q | |
07/25/24 | 06/30/24 | 10-Q | |
04/23/24 | 03/31/24 | 10-Q | |
02/05/24 | 12/31/23 | 10-K | |
10/24/23 | 09/30/23 | 10-Q | |
07/25/23 | 06/30/23 | 10-Q | |
04/25/23 | 03/31/23 | 10-Q | |
02/07/23 | 12/31/22 | 10-K | |
10/25/22 | 09/30/22 | 10-Q | |
07/26/22 | 06/30/22 | 10-Q | |
04/26/22 | 03/31/22 | 10-Q | |
02/11/22 | 12/31/21 | 10-K | |
10/26/21 | 09/30/21 | 10-Q | |
07/27/21 | 06/30/21 | 10-Q | |
04/27/21 | 03/31/21 | 10-Q | |
02/08/21 | 12/31/20 | 10-K | |
10/27/20 | 09/30/20 | 10-Q | |
07/29/20 | 06/30/20 | 10-Q | |
05/07/20 | 03/31/20 | 10-Q | |
02/06/20 | 12/31/19 | 10-K | |
10/25/19 | 09/30/19 | 10-Q | |
07/26/19 | 06/30/19 | 10-Q | |
04/26/19 | 03/31/19 | 10-Q | |
02/07/19 | 12/31/18 | 10-K | |
10/26/18 | 09/30/18 | 10-Q | |
07/27/18 | 06/30/18 | 10-Q | |
04/27/18 | 03/31/18 | 10-Q | |
02/09/18 | 12/31/17 | 10-K | |
10/27/17 | 09/30/17 | 10-Q | |
07/28/17 | 06/30/17 | 10-Q | |
04/28/17 | 03/31/17 | 10-Q | |
02/09/17 | 12/31/16 | 10-K | |
10/27/16 | 09/30/16 | 10-Q | |
07/29/16 | 06/30/16 | 10-Q | |
04/29/16 | 03/31/16 | 10-Q | |
02/11/16 | 12/31/15 | 10-K | |
10/23/15 | 09/30/15 | 10-Q | |
07/24/15 | 06/30/15 | 10-Q | |
04/24/15 | 03/31/15 | 10-Q | |
02/05/15 | 12/31/14 | 10-K | |
10/24/14 | 09/30/14 | 10-Q | |
07/25/14 | 06/30/14 | 10-Q | |
04/25/14 | 03/31/14 | 10-Q | |
02/06/14 | 12/31/13 | 10-K | |
10/25/13 | 09/30/13 | 10-Q | |
07/26/13 | 06/30/13 | 10-Q | |
04/26/13 | 03/31/13 | 10-Q | |
02/07/13 | 12/31/12 | 10-K | |
10/26/12 | 09/30/12 | 10-Q | |
07/30/12 | 06/30/12 | 10-Q | |
04/30/12 | 03/31/12 | 10-Q | |
02/09/12 | 12/31/11 | 10-K | |
10/24/11 | 09/30/11 | 10-Q | |
07/25/11 | 06/30/11 | 10-Q | |
04/25/11 | 03/31/11 | 10-Q | |
02/10/11 | 12/31/10 | 10-K | |
10/25/10 | 09/30/10 | 10-Q | |
07/26/10 | 06/30/10 | 10-Q | |
04/26/10 | 03/31/10 | 10-Q | |
02/11/10 | 12/31/09 | 10-K | |
10/23/09 | 09/30/09 | 10-Q | |
07/24/09 | 06/30/09 | 10-Q | |
04/24/09 | 03/31/09 | 10-Q | |
02/11/09 | 12/31/08 | 10-K | |
10/21/08 | 09/30/08 | 10-Q | |
07/22/08 | 06/30/08 | 4 | |
04/22/08 | 03/30/08 | Unknown | -- |
02/07/08 | 12/31/07 | 10-K | |
10/18/07 | 09/30/07 | 10-Q | |
07/20/07 | 06/30/07 | 10-Q | |
04/20/07 | 03/30/07 | Unknown | -- |
02/08/07 | 12/31/06 | 10-K | |
10/20/06 | 09/30/06 | 10-Q | |
07/21/06 | 06/30/06 | 10-Q | |
04/21/06 | 03/30/06 | Unknown | -- |
02/09/06 | 12/31/05 | 10-K | |
10/21/05 | 09/30/05 | 10-Q | |
07/21/05 | 06/30/05 | 10-Q | |
04/26/05 | 03/30/05 | Unknown | -- |
02/10/05 | 12/31/04 | 10-K | |
10/27/04 | 09/30/04 | 4 | |
07/29/04 | 06/30/04 | 10-Q | |
05/04/04 | 03/30/04 | Unknown | -- |
02/05/04 | 12/31/03 | 10-K | |
10/20/03 | 09/30/03 | 8-K | |
07/21/03 | 06/30/03 | 8-K | |
04/23/03 | 03/30/03 | Unknown | -- |
02/10/03 | 12/31/02 | 10-K | |
10/22/02 | 09/30/02 | 10-Q | |
08/01/02 | 06/30/02 | 10-Q | |
04/23/02 | 03/30/02 | Unknown | -- |
02/11/02 | 12/31/01 | 10-K | |
10/22/01 | 09/30/01 | 10-Q | |
07/27/01 | 06/30/01 | 10-Q | |
05/04/01 | 03/30/01 | Unknown | -- |
02/12/01 | 12/31/00 | 10-K | |
10/26/00 | 09/30/00 | 10-Q | |
07/27/00 | 06/30/00 | 10-Q | |
04/28/00 | 03/30/00 | Unknown | -- |