RTX (RTX) Financials

$128.59 -0.55 (-0.43%)

Closing price 03:59 PM Eastern

Extended Trading

$128.14 -0.45 (-0.35%)

As of 07:59 PM Eastern

Annual Income Statements for RTX

This table shows RTX's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	7,608	5,055	4,552	5,269	5,537	-3,519	3,864	5,197	3,195	4,774
Consolidated Net Income / (Loss)	7,966	5,416	4,920	5,654	5,948	-3,295	4,112	5,308	3,380	5,013
Net Income / (Loss) Continuing Operations	4,356	5,436	4,920	1,406	3,731	-2,928	4,145	5,327	3,380	5,013
Total Pre-Tax Income	6,467	7,133	7,763	2,504	4,152	-2,353	5,109	6,117	3,836	6,194
Total Operating Income	7,291	8,221	8,138	2,877	4,914	-1,889	5,136	5,504	3,561	6,538
Total Gross Profit	15,667	15,773	15,636	7,236	10,751	8,531	12,491	13,668	12,089	15,410
Total Revenue	56,098	57,244	59,837	34,701	45,349	56,587	64,388	67,074	68,920	80,738
Operating Revenue	56,098	57,244	59,837	34,701	45,349	56,587	64,388	67,074	68,920	80,738
Total Cost of Revenue	40,431	41,471	44,201	27,465	34,598	48,056	51,897	53,406	56,831	65,328
Operating Cost of Revenue	40,431	41,471	44,201	27,465	34,598	48,056	51,897	53,406	56,831	65,328
Total Operating Expenses	8,376	7,552	7,498	4,359	5,837	10,420	7,355	8,164	8,528	8,872
Selling, General & Admin Expense	6,097	5,958	6,429	2,864	3,711	5,540	5,046	5,573	5,809	5,806
Research & Development Expense	2,279	2,376	2,427	1,878	2,452	2,582	2,732	2,711	2,805	2,934
Other Operating Expenses / (Income)	0.00	-782	-1,358	-383	-326	-885	-423	-120	-86	132
Total Other Income / (Expense), net	-824	-1,088	-375	-373	-762	-464	-27	613	275	-344
Interest Expense	824	1,039	909	1,032	1,591	1,366	1,971	1,276	1,505	1,862
Interest & Investment Income	-	-49	534	-	829	902	1,944	-	1,780	1,518
Income Tax Expense	2,111	1,697	2,843	1,098	421	575	964	790	456	1,181
Net Income / (Loss) Discontinued Operations	3,610	-20	-	4,248	2,217	-367	-33	-19	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	358	371	368	385	411	224	248	111	185	239
Basic Earnings per Share	$8.72	$6.18	$5.76	$6.58	$6.48	($2.59)	$2.57	$3.52	$2.24	$3.58
Weighted Average Basic Shares Outstanding	872.70M	818.20M	790M	800.40M	854.80M	1.36B	1.50B	1.48B	1.43B	1.33B
Diluted Earnings per Share	$8.61	$6.12	$5.70	$6.50	$6.41	($2.59)	$2.56	$3.50	$2.23	$3.55
Weighted Average Diluted Shares Outstanding	883.20M	826.10M	799.10M	810.10M	863.90M	1.36B	1.51B	1.49B	1.44B	1.34B
Weighted Average Basic & Diluted Shares Outstanding	836.43M	818M	790.30M	800.80M	865.31M	1.52B	1.49B	1.46B	1.33B	1.33B
Cash Dividends to Common per Share	$2.56	$2.62	$2.72	$2.84	$2.94	$2.16	$2.01	$2.16	$2.32	$2.48

This table shows RTX's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	1,387	1,422	1,426	1,327	-984	1,426	1,709	111	1,472	1,482
Consolidated Net Income / (Loss)	1,395	1,468	1,481	1,359	-933	1,473	1,743	175	1,535	1,560
Net Income / (Loss) Continuing Operations	1,395	1,468	1,481	1,359	-933	1,473	1,743	175	1,535	1,560
Total Pre-Tax Income	1,677	1,700	1,816	1,607	-1,322	1,735	1,851	428	1,906	2,009
Total Operating Income	1,520	1,551	1,687	1,493	-1,396	1,777	1,870	529	2,028	2,111
Total Gross Profit	3,487	3,567	3,569	3,797	714	4,009	3,561	3,580	4,034	4,235
Total Revenue	16,951	18,093	17,214	18,315	13,464	19,927	19,305	19,721	20,089	21,623
Operating Revenue	16,951	18,093	17,214	18,315	13,464	19,927	19,305	19,721	20,089	21,623
Total Cost of Revenue	13,464	14,526	13,645	14,518	12,750	15,918	15,744	16,141	16,055	17,388
Operating Cost of Revenue	13,464	14,526	13,645	14,518	12,750	15,918	15,744	16,141	16,055	17,388
Total Operating Expenses	1,967	2,016	1,882	2,304	2,110	2,232	1,691	3,051	2,006	2,124
Selling, General & Admin Expense	1,351	1,329	1,363	1,600	1,401	1,445	1,394	1,449	1,389	1,574
Research & Development Expense	662	716	607	729	712	757	669	706	751	808
Other Operating Expenses / (Income)	-46	-29	-88	-25	-3.00	30	-372	896	-134	-258
Total Other Income / (Expense), net	157	149	129	114	74	-42	-19	-101	-122	-102
Interest Expense	311	318	315	333	369	488	405	475	496	486
Interest & Investment Income	468	-	444	-	443	-	386	374	374	384
Income Tax Expense	282	232	335	248	-389	262	108	253	371	449
Net Income / (Loss) Attributable to Noncontrolling Interest	8.00	46	55	32	51	47	34	64	63	78
Basic Earnings per Share	$0.94	$0.97	$0.98	$0.91	($0.68)	$1.03	$1.29	$0.08	$1.10	$1.11
Weighted Average Basic Shares Outstanding	1.47B	1.48B	1.46B	1.46B	1.44B	1.43B	1.33B	1.33B	1.33B	1.33B
Diluted Earnings per Share	$0.94	$0.96	$0.97	$0.90	($0.68)	$1.04	$1.28	$0.08	$1.09	$1.10
Weighted Average Diluted Shares Outstanding	1.47B	1.49B	1.46B	1.46B	1.44B	1.44B	1.33B	1.33B	1.33B	1.34B
Weighted Average Basic & Diluted Shares Outstanding	1.47B	1.46B	1.46B	1.46B	1.44B	1.33B	1.33B	1.33B	1.33B	1.33B

This table details how cash moves in and out of RTX's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	1,630	69	-1,329	-2,806	1,208	1,412	-979	-1,562	335	-1,020
Net Cash From Operating Activities	6,755	6,412	2,473	2,670	5,821	4,334	7,142	7,168	7,883	7,159
Net Cash From Continuing Operating Activities	6,755	6,412	5,631	2,670	5,821	4,334	7,142	7,168	7,883	7,159
Net Income / (Loss) Continuing Operations	4,356	5,436	4,920	1,406	3,731	-2,928	4,145	5,327	3,380	5,013
Consolidated Net Income / (Loss)	-	-	4,920	1,406	3,731	-2,928	4,145	5,327	3,380	5,013
Depreciation Expense	1,863	1,962	2,140	1,896	2,708	4,156	4,557	4,108	4,211	4,364
Non-Cash Adjustments To Reconcile Net Income	-77	317	-621	-874	-260	3,163	-2,005	-2,656	-1,883	-1,351
Changes in Operating Assets and Liabilities, net	613	-1,303	-808	242	-358	-57	445	389	2,175	-867
Net Cash From Investing Activities	-2,794	-2,509	-3,019	-17,259	-2,676	3,343	-1,364	-2,829	-3,039	-1,534
Net Cash From Continuing Investing Activities	-2,794	-2,509	-3,019	-17,259	-2,676	3,343	-1,364	-2,829	-3,039	-1,534
Purchase of Property, Plant & Equipment	-1,652	-1,699	-2,014	-1,467	-1,868	-1,795	-2,134	-2,288	-2,415	-2,625
Acquisitions	-975	-1,098	-611	-15,439	-360	-731	-1,396	-553	-751	-611
Purchase of Investments	-364	-438	-1,514	-988	-787	-280	-231	-150	-117	-218
Divestitures	200	211	70	74	134	5,764	1,879	94	6.00	1,795
Sale and/or Maturity of Investments	160	249	596	140	342	-32	-16	-205	14	-142
Other Investing Activities, net	-163	266	454	421	-137	417	534	273	224	267
Net Cash From Financing Activities	-10,776	-1,188	-993	12,209	-1,913	-3,860	-6,756	-5,859	-4,527	-6,617
Net Cash From Continuing Financing Activities	-10,776	-1,188	-993	12,209	-1,913	-3,860	-6,756	-5,859	-4,527	-6,617
Repayment of Debt	-1,477	-3,347	-2,451	-2,890	-1,715	-18,419	-5,303	-447	-10,895	-2,956
Repurchase of Common Equity	-10,000	-2,254	-1,453	-325	-151	-47	-2,327	-2,803	-12,870	-444
Payment of Dividends	-2,184	-2,069	-2,074	-2,170	-2,442	-2,732	-2,957	-3,128	-3,239	-3,217
Issuance of Debt	1,744	6,469	4,954	13,579	-19	2,164	3,902	519	22,477	0.00
Other Net Changes in Cash	8,619	-2,526	-	-420	-	-2,383	0.00	-42	-	-28
Cash Interest Paid	1,057	1,157	974	1,027	1,801	1,628	1,339	1,263	1,464	1,942
Cash Income Taxes Paid	2,060	4,096	1,326	1,714	1,768	1,716	1,124	2,400	1,527	1,176

This table details how cash moves in and out of RTX's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	603	856	-345	-514	65	1,129	-980	412	673	-1,125
Net Cash From Operating Activities	778	4,628	-863	719	3,316	4,711	342	2,733	2,523	1,561
Net Cash From Continuing Operating Activities	778	4,628	-863	719	3,316	4,711	342	2,733	2,523	1,561
Net Income / (Loss) Continuing Operations	1,395	1,468	1,481	1,359	-933	1,473	1,743	175	1,535	1,560
Consolidated Net Income / (Loss)	1,395	1,468	1,481	1,359	-933	1,473	1,743	175	1,535	1,560
Depreciation Expense	1,047	1,048	1,034	1,044	1,074	1,059	1,059	1,072	1,094	1,139
Non-Cash Adjustments To Reconcile Net Income	-2,232	768	-1,486	-510	-12	125	-1,619	-696	-1,217	2,181
Changes in Operating Assets and Liabilities, net	568	1,344	-1,892	-1,174	3,187	2,054	-841	2,182	1,111	-3,319
Net Cash From Investing Activities	-755	-938	-579	-623	-859	-978	693	-733	-715	-779
Net Cash From Continuing Investing Activities	-755	-938	-579	-623	-859	-978	693	-733	-715	-779
Purchase of Property, Plant & Equipment	-515	-855	-520	-526	-564	-805	-467	-537	-552	-1,069
Acquisitions	-199	-169	-154	-160	-222	-215	-163	-155	-129	-164
Divestitures	6.00	-	0.00	-	6.00	-	1,283	-	-	512
Sale and/or Maturity of Investments	-108	54	-	-	-63	32	-	-	-	-145
Other Investing Activities, net	29	207	108	5.00	-16	127	41	-13	-66	305
Net Cash From Financing Activities	617	-2,849	1,096	-628	-2,377	-2,618	-2,007	-1,584	-1,158	-1,868
Net Cash From Continuing Financing Activities	617	-2,849	1,096	-628	-2,377	-2,618	-2,007	-1,584	-1,158	-1,868
Repayment of Debt	-40	-102	-118	-66	-181	-10,530	-1,160	-782	-29	-985
Repurchase of Common Equity	-616	-408	-562	-596	-1,429	-10,283	-56	-44	-294	-50
Payment of Dividends	-794	-791	-790	-844	-838	-767	-769	-823	-823	-802
Issuance of Debt	2,067	-1,548	2,566	878	71	18,962	-22	65	-12	-31

This table presents RTX's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	87,484	89,706	96,920	134,211	139,615	162,153	161,404	158,864	161,869	162,861
Total Current Assets	26,706	28,550	32,858	35,503	61,577	43,376	42,050	42,443	48,417	51,133
Cash & Equivalents	7,075	7,157	8,985	6,152	4,937	8,802	7,832	6,220	6,587	5,578
Accounts Receivable	10,653	11,481	12,595	14,271	8,743	9,254	9,661	9,108	10,838	10,976
Inventories, net	8,135	8,704	9,881	10,083	9,047	9,411	9,178	10,617	11,777	12,768
Other Current Assets	843	1,208	1,397	4,997	7,027	15,909	15,379	16,498	19,215	21,811
Plant, Property, & Equipment, net	8,732	9,158	10,186	12,297	10,322	14,962	14,972	15,170	15,748	16,089
Total Noncurrent Assets	52,046	51,998	53,876	86,411	67,716	103,815	104,382	101,251	97,704	95,639
Noncurrent Note & Lease Receivables	1,018	1,398	2,372	3,023	3,463	5,024	4,806	2,603	4,030	4,110
Goodwill	27,301	27,059	27,910	48,112	36,609	54,285	54,436	53,840	53,699	52,789
Intangible Assets	15,603	15,684	15,883	26,424	24,473	40,539	38,516	36,823	35,399	33,443
Other Noncurrent Operating Assets	6,163	6,048	5,988	7,206	3,171	3,967	6,624	7,985	4,576	5,297
Total Liabilities & Shareholders' Equity	87,484	89,706	96,920	134,211	139,615	162,153	161,404	158,864	161,869	162,861
Total Liabilities	58,518	60,241	65,368	93,492	95,289	88,269	86,705	84,650	100,424	100,903
Total Current Liabilities	22,618	21,906	24,391	31,368	46,594	35,848	35,449	39,114	46,761	51,499
Short-Term Debt	1,105	2,204	2,496	4,345	5,551	797	158	1,220	1,472	2,535
Accounts Payable	6,875	7,483	9,579	11,080	7,816	8,639	8,751	9,896	10,698	12,897
Accrued Expenses	14,638	12,219	12,316	10,223	8,417	10,517	10,162	10,999	14,917	14,831
Current Employee Benefit Liabilities	-	-	-	-	1,353	3,006	2,658	2,401	2,491	2,620
Other Current Liabilities	-	-	0.00	5,720	9,014	12,889	13,720	14,598	17,183	18,616
Total Noncurrent Liabilities	35,900	38,335	40,977	62,124	48,695	52,421	51,256	45,536	53,663	49,404
Long-Term Debt	19,320	21,697	24,989	41,192	37,701	31,026	31,327	30,694	42,355	38,726
Noncurrent Employee Benefit Liabilities	6,022	5,612	3,036	4,018	2,487	10,342	7,855	4,807	2,385	2,104
Other Noncurrent Operating Liabilities	10,558	11,026	12,952	11,845	8,507	11,053	12,074	10,035	8,923	8,574
Commitments & Contingencies	0.00	0.00	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	122	296	131	109	95	32	35	36	35	35
Total Equity & Noncontrolling Interests	28,844	29,169	31,421	40,610	44,231	73,852	74,664	74,178	61,410	61,923
Total Preferred & Common Equity	27,358	27,579	29,610	38,446	41,774	72,163	73,068	72,632	59,798	60,156
Preferred Stock	0.00	0.00	0.00	0.00	0.25	0.00	0.00	250	0.00	0.00
Total Common Equity	27,358	27,579	29,610	38,446	41,774	72,163	73,068	72,877	59,798	60,156
Common Stock	16,033	17,285	17,574	22,514	23,019	36,930	37,483	37,939	37,055	37,434
Retained Earnings	49,956	52,873	55,242	57,823	61,594	49,423	50,265	52,269	52,154	53,589
Treasury Stock	-30,907	-34,150	-35,596	-32,482	-32,626	-10,407	-12,727	-15,285	-26,977	-27,112
Accumulated Other Comprehensive Income / (Loss)	-7,619	-8,334	-7,525	-9,333	-10,149	-3,734	-1,915	-2,018	-2,419	-3,755
Other Equity Adjustments	-105	-95	-85	-76	-64	-49	-38	-28	-15	0.00
Noncontrolling Interest	1,486	1,590	1,811	2,164	2,457	1,689	1,596	1,546	1,612	1,767

This table presents RTX's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	158,225	158,864	161,636	162,161	162,443	161,869	160,187	161,169	164,822	162,861
Total Current Assets	41,821	42,443	45,504	45,915	46,518	48,417	48,023	49,225	51,764	51,133
Cash & Equivalents	5,381	6,220	5,893	5,391	5,456	6,587	5,607	6,011	6,682	5,578
Accounts Receivable	9,233	9,108	10,069	9,903	10,058	10,838	10,280	10,252	10,097	10,976
Inventories, net	10,443	10,617	11,327	11,997	12,050	11,777	12,386	13,047	13,465	12,768
Other Current Assets	16,764	16,498	18,215	18,624	18,954	19,215	19,750	19,915	21,520	21,811
Plant, Property, & Equipment, net	14,668	15,170	15,149	15,295	15,347	15,748	15,638	15,693	15,886	16,089
Total Noncurrent Assets	101,736	101,251	100,983	100,951	100,578	97,704	96,526	96,251	97,172	95,639
Noncurrent Note & Lease Receivables	2,618	2,603	2,543	2,457	4,207	4,030	3,998	3,984	2,306	4,110
Goodwill	53,168	53,840	53,904	54,122	53,883	53,699	53,644	53,347	53,759	52,789
Intangible Assets	37,046	36,823	36,477	36,234	35,865	35,399	34,960	34,503	34,159	33,443
Other Noncurrent Operating Assets	8,904	7,985	8,059	8,138	6,623	4,576	3,924	4,417	6,948	5,297
Total Liabilities & Shareholders' Equity	158,225	158,864	161,636	162,161	162,443	161,869	160,187	161,169	164,822	162,861
Total Liabilities	86,457	84,650	87,251	88,074	91,197	100,424	98,050	100,488	101,963	100,903
Total Current Liabilities	38,373	39,114	40,128	41,760	45,002	46,761	45,019	49,565	52,247	51,499
Short-Term Debt	2,388	1,220	1,769	2,630	2,559	1,472	510	1,848	3,333	2,535
Accounts Payable	9,017	9,896	10,060	10,128	10,315	10,698	10,522	10,939	11,834	12,897
Accrued Expenses	11,210	10,999	11,573	11,719	14,283	14,917	15,006	17,048	15,971	14,831
Current Employee Benefit Liabilities	2,390	2,401	1,856	2,121	2,597	2,491	1,862	2,065	2,673	2,620
Other Current Liabilities	13,368	14,598	14,870	15,162	15,248	17,183	17,119	17,665	-	18,616
Total Noncurrent Liabilities	48,084	45,536	47,123	46,314	46,195	53,663	53,031	50,923	49,716	49,404
Long-Term Debt	31,059	30,694	32,717	32,723	32,701	42,355	42,334	40,303	38,823	38,726
Noncurrent Employee Benefit Liabilities	7,362	4,807	4,676	4,579	4,457	2,385	2,320	2,264	2,230	2,104
Other Noncurrent Operating Liabilities	9,663	10,035	9,730	9,012	9,037	8,923	8,377	8,356	8,663	8,574
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	33	36	38	31	33	35	37	31	33	35
Total Equity & Noncontrolling Interests	71,735	74,178	74,347	74,056	71,213	61,410	62,100	60,650	62,826	61,923
Total Preferred & Common Equity	70,187	72,632	72,795	72,480	69,596	59,798	60,485	58,985	61,114	60,156
Preferred Stock	-	250	-	-	-	0.00	-	-	-	0.00
Total Common Equity	70,187	72,877	72,795	72,480	69,596	59,798	60,485	58,985	61,114	60,156
Common Stock	37,829	37,939	38,031	38,228	38,388	37,055	37,108	37,302	37,276	37,434
Retained Earnings	51,652	52,269	52,891	52,489	51,513	52,154	53,052	51,488	52,948	53,589
Treasury Stock	-15,141	-15,285	-16,112	-16,713	-18,170	-26,977	-27,029	-27,080	-27,141	-27,112
Accumulated Other Comprehensive Income / (Loss)	-4,122	-2,018	-1,989	-1,502	-2,116	-2,419	-2,635	-2,718	-1,969	-3,755
Other Equity Adjustments	-31	-28	-26	-22	-19	-15	-11	-7.00	0.00	0.00
Noncontrolling Interest	1,548	1,546	1,552	1,576	1,617	1,612	1,615	1,665	1,712	1,767

This table displays calculated financial ratios and metrics derived from RTX's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.11%	2.04%	4.53%	-42.01%	30.69%	24.78%	13.79%	4.17%	2.75%	17.15%
EBITDA Growth	-19.79%	11.24%	0.93%	-47.15%	40.32%	-70.26%	327.57%	18.65%	-32.42%	40.27%
EBIT Growth	-24.00%	12.76%	-1.01%	-56.55%	38.97%	-138.44%	371.89%	43.94%	-51.83%	83.60%
NOPAT Growth	-31.05%	27.57%	-17.68%	-68.68%	173.35%	-129.95%	415.13%	15.03%	-34.54%	68.64%
Net Income Growth	20.28%	-32.01%	-9.16%	14.92%	5.20%	-155.40%	224.80%	29.09%	-36.32%	48.31%
EPS Growth	26.25%	-28.92%	-6.86%	14.92%	5.20%	-140.41%	198.84%	36.72%	-36.29%	59.19%
Operating Cash Flow Growth	-3.21%	-5.08%	-61.43%	7.97%	118.02%	-25.55%	64.79%	0.36%	9.97%	-9.18%
Free Cash Flow Firm Growth	-30.05%	-69.13%	-44.58%	-2,263.03%	167.73%	-271.18%	108.25%	19.02%	34.71%	45.28%
Invested Capital Growth	-6.15%	9.20%	8.32%	60.04%	-18.53%	48.49%	1.49%	1.58%	-1.22%	-1.06%
Revenue Q/Q Growth	5.55%	0.63%	1.74%	-45.90%	66.05%	27.30%	0.98%	1.59%	2.73%	2.15%
EBITDA Q/Q Growth	-18.96%	15.15%	1.60%	-49.54%	134.67%	32.50%	16.14%	19.12%	3.15%	3.95%
EBIT Q/Q Growth	-22.66%	18.71%	1.37%	-58.10%	348.36%	4.50%	35.87%	35.63%	6.78%	5.38%
NOPAT Q/Q Growth	-26.47%	32.28%	-15.26%	-70.63%	624.84%	4.50%	25.96%	3.73%	5.96%	2.50%
Net Income Q/Q Growth	28.75%	-29.47%	-10.97%	5.84%	10.78%	-52.19%	14.64%	15.09%	0.15%	1.77%
EPS Q/Q Growth	33.08%	-28.92%	-11.90%	5.84%	10.78%	-56.97%	15.84%	15.51%	3.72%	1.72%
Operating Cash Flow Q/Q Growth	12.56%	-11.90%	-50.09%	-27.45%	104.32%	1.05%	33.47%	25.73%	1.06%	-30.56%
Free Cash Flow Firm Q/Q Growth	-26.06%	-51.37%	-29.56%	-663.84%	168.13%	-133.02%	665.56%	111.90%	149.86%	-19.59%
Invested Capital Q/Q Growth	-9.54%	-0.92%	-1.58%	56.11%	-18.62%	4.25%	1.67%	0.07%	-2.34%	-0.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.93%	27.55%	26.13%	20.85%	23.71%	15.08%	19.40%	20.38%	17.54%	19.09%
EBITDA Margin	16.32%	17.79%	17.18%	15.65%	16.81%	4.01%	15.05%	17.15%	11.28%	13.50%
Operating Margin	13.00%	14.36%	13.60%	8.29%	10.84%	-3.34%	7.98%	8.21%	5.17%	8.10%
EBIT Margin	13.00%	14.36%	13.60%	10.19%	10.84%	-3.34%	7.98%	11.02%	5.17%	8.10%
Profit (Net Income) Margin	14.20%	9.46%	8.22%	16.29%	13.12%	-5.82%	6.39%	7.91%	4.90%	6.21%
Tax Burden Percent	123.18%	75.93%	63.38%	225.80%	143.26%	140.03%	80.49%	86.77%	88.11%	80.93%
Interest Burden Percent	88.70%	86.77%	95.39%	70.81%	84.49%	124.56%	99.47%	82.74%	107.72%	94.74%
Effective Tax Rate	32.64%	23.79%	36.62%	43.85%	10.14%	0.00%	18.87%	12.91%	11.89%	19.07%
Return on Invested Capital (ROIC)	11.24%	14.15%	10.72%	2.48%	6.08%	-1.63%	4.27%	4.84%	3.16%	5.39%
ROIC Less NNEP Spread (ROIC-NNEP)	34.98%	8.51%	9.37%	16.44%	11.16%	-10.61%	4.03%	6.92%	3.93%	4.63%
Return on Net Nonoperating Assets (RNNOA)	14.60%	4.38%	5.41%	13.16%	7.91%	-3.94%	1.27%	2.29%	1.82%	2.73%
Return on Equity (ROE)	25.83%	18.54%	16.13%	15.65%	13.99%	-5.57%	5.54%	7.13%	4.98%	8.12%
Cash Return on Invested Capital (CROIC)	17.58%	5.36%	2.73%	-43.70%	26.50%	-40.66%	2.79%	3.27%	4.39%	6.45%
Operating Return on Assets (OROA)	8.16%	9.28%	8.72%	3.06%	3.59%	-1.25%	3.17%	4.62%	2.22%	4.03%
Return on Assets (ROA)	8.92%	6.11%	5.27%	4.89%	4.34%	-2.18%	2.54%	3.31%	2.11%	3.09%
Return on Common Equity (ROCE)	24.54%	17.43%	15.11%	14.73%	13.19%	-5.37%	5.41%	6.99%	4.87%	7.90%
Return on Equity Simple (ROE_SIMPLE)	29.12%	19.64%	16.62%	14.71%	14.24%	-4.57%	5.63%	7.31%	5.65%	8.33%
Net Operating Profit after Tax (NOPAT)	4,911	6,265	5,158	1,615	4,416	-1,322	4,167	4,793	3,138	5,291
NOPAT Margin	8.75%	10.94%	8.62%	4.66%	9.74%	-2.34%	6.47%	7.15%	4.55%	6.55%
Net Nonoperating Expense Percent (NNEP)	-23.74%	5.64%	1.35%	-13.95%	-5.08%	8.98%	0.24%	-2.09%	-0.77%	0.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.52%	2.98%	5.13%
Cost of Revenue to Revenue	72.07%	72.45%	73.87%	79.15%	76.29%	84.92%	80.60%	79.62%	82.46%	80.91%
SG&A Expenses to Revenue	10.87%	10.41%	10.74%	8.25%	8.18%	9.79%	7.84%	8.31%	8.43%	7.19%
R&D to Revenue	4.06%	4.15%	4.06%	5.41%	5.41%	4.56%	4.24%	4.04%	4.07%	3.63%
Operating Expenses to Revenue	14.93%	13.19%	12.53%	12.56%	12.87%	18.41%	11.42%	12.17%	12.37%	10.99%
Earnings before Interest and Taxes (EBIT)	7,291	8,221	8,138	3,536	4,914	-1,889	5,136	7,393	3,561	6,538
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9,154	10,183	10,278	5,432	7,622	2,267	9,693	11,501	7,772	10,902
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.52	2.71	2.92	1.93	2.75	1.37	1.65	1.94	1.98	2.56
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.23	1.31	1.45	2.13	2.53	1.75	1.87	2.11	1.72	1.91
Price to Earnings (P/E)	9.05	14.81	19.00	14.05	20.73	0.00	31.18	27.18	37.00	32.26
Dividend Yield	3.30%	2.88%	2.51%	3.07%	2.21%	2.84%	2.49%	2.25%	2.82%	2.14%
Earnings Yield	11.05%	6.75%	5.26%	7.12%	4.82%	0.00%	3.21%	3.68%	2.70%	3.10%
Enterprise Value to Invested Capital (EV/IC)	1.98	2.02	2.14	1.44	2.38	1.28	1.48	1.69	1.59	1.96
Enterprise Value to Revenue (EV/Rev)	1.49	1.63	1.79	3.33	3.43	2.19	2.26	2.52	2.28	2.37
Enterprise Value to EBITDA (EV/EBITDA)	9.15	9.18	10.40	21.30	20.42	54.66	15.04	14.67	20.21	17.57
Enterprise Value to EBIT (EV/EBIT)	11.49	11.37	13.14	32.72	31.67	0.00	28.38	22.83	44.12	29.29
Enterprise Value to NOPAT (EV/NOPAT)	17.06	14.92	20.73	71.62	35.24	0.00	34.98	35.21	50.07	36.19
Enterprise Value to Operating Cash Flow (EV/OCF)	12.41	14.58	43.24	43.33	26.74	28.59	20.41	23.55	19.93	26.75
Enterprise Value to Free Cash Flow (EV/FCFF)	10.91	39.41	81.34	0.00	8.08	0.00	53.59	52.14	36.03	30.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.71	0.81	0.87	1.12	0.98	0.43	0.42	0.43	0.71	0.67
Long-Term Debt to Equity	0.67	0.74	0.79	1.01	0.85	0.42	0.42	0.41	0.69	0.63
Financial Leverage	0.42	0.52	0.58	0.80	0.71	0.37	0.31	0.33	0.46	0.59
Leverage Ratio	2.90	3.03	3.06	3.20	3.22	2.55	2.18	2.15	2.36	2.63
Compound Leverage Factor	2.57	2.63	2.92	2.26	2.72	3.18	2.17	1.78	2.55	2.49
Debt to Total Capital	41.35%	44.79%	46.56%	52.79%	49.39%	30.10%	29.65%	30.07%	41.63%	39.97%
Short-Term Debt to Total Capital	2.24%	4.13%	4.23%	5.04%	6.34%	0.75%	0.15%	1.15%	1.40%	2.46%
Long-Term Debt to Total Capital	39.12%	40.66%	42.33%	47.76%	43.05%	29.35%	29.50%	28.92%	40.23%	37.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.24%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.26%	3.53%	3.29%	2.64%	2.91%	1.63%	1.54%	1.49%	1.56%	1.75%
Common Equity to Total Capital	55.39%	51.68%	50.16%	44.57%	47.70%	68.27%	68.81%	68.67%	56.80%	58.28%
Debt to EBITDA	2.23	2.35	2.67	8.38	5.67	14.04	3.25	2.77	5.64	3.78
Net Debt to EBITDA	1.46	1.64	1.80	7.25	5.03	10.15	2.44	2.23	4.79	3.27
Long-Term Debt to EBITDA	2.11	2.13	2.43	7.58	4.95	13.69	3.23	2.67	5.45	3.55
Debt to NOPAT	4.16	3.81	5.33	28.19	9.80	-24.07	7.56	6.66	13.97	7.80
Net Debt to NOPAT	2.72	2.67	3.59	24.38	8.68	-17.41	5.68	5.36	11.87	6.74
Long-Term Debt to NOPAT	3.93	3.46	4.85	25.50	8.54	-23.46	7.52	6.40	13.50	7.32
Altman Z-Score	2.48	2.60	2.59	1.46	1.91	1.47	1.82	2.06	1.67	2.00
Noncontrolling Interest Sharing Ratio	5.03%	5.98%	6.27%	5.83%	5.67%	3.61%	2.26%	1.99%	2.20%	2.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.18	1.30	1.35	1.13	1.32	1.21	1.19	1.09	1.04	0.99
Quick Ratio	0.78	0.85	0.88	0.65	0.29	0.50	0.49	0.39	0.37	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7,684	2,372	1,315	-28,437	19,259	-32,966	2,720	3,237	4,361	6,335
Operating Cash Flow to CapEx	408.90%	377.40%	122.79%	182.00%	311.62%	241.45%	334.68%	313.29%	326.42%	272.72%
Free Cash Flow to Firm to Interest Expense	9.33	2.28	1.45	-27.55	12.10	-24.13	1.38	2.54	2.90	3.40
Operating Cash Flow to Interest Expense	8.20	6.17	2.72	2.59	3.66	3.17	3.62	5.62	5.24	3.84
Operating Cash Flow Less CapEx to Interest Expense	6.19	4.54	0.51	1.17	2.48	1.86	2.54	3.82	3.63	2.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.63	0.65	0.64	0.30	0.33	0.38	0.40	0.42	0.43	0.50
Accounts Receivable Turnover	5.32	5.17	4.97	2.58	3.94	6.29	6.81	7.15	6.91	7.40
Inventory Turnover	5.13	4.93	4.76	2.75	3.62	5.21	5.58	5.40	5.08	5.32
Fixed Asset Turnover	6.48	6.40	6.19	3.09	4.01	4.48	4.30	4.45	4.46	5.07
Accounts Payable Turnover	6.16	5.78	5.18	2.66	3.66	5.84	5.97	5.73	5.52	5.54
Days Sales Outstanding (DSO)	68.65	70.57	73.43	141.29	92.62	58.04	53.61	51.07	52.82	49.31
Days Inventory Outstanding (DIO)	71.22	74.10	76.74	132.66	100.91	70.10	65.37	67.64	71.91	68.57
Days Payable Outstanding (DPO)	59.24	63.18	70.45	137.28	99.67	62.49	61.15	63.72	66.13	65.91
Cash Conversion Cycle (CCC)	80.62	81.48	79.72	136.68	93.85	65.65	57.83	54.99	58.60	51.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	42,316	46,209	50,052	80,104	65,261	96,905	98,352	99,908	98,685	97,641
Invested Capital Turnover	1.28	1.29	1.24	0.53	0.62	0.70	0.66	0.68	0.69	0.82
Increase / (Decrease) in Invested Capital	-2,773	3,893	3,843	30,052	-14,843	31,644	1,447	1,556	-1,223	-1,044
Enterprise Value (EV)	83,801	93,489	106,933	115,695	155,628	123,905	145,753	168,773	157,096	191,510
Market Capitalization	68,843	74,859	86,491	74,037	114,761	99,163	120,469	141,247	118,209	154,025
Book Value per Share	$30.84	$33.49	$37.08	$48.00	$48.39	$47.52	$48.82	$49.57	$41.59	$45.20
Tangible Book Value per Share	($17.53)	($18.42)	($17.76)	($45.06)	($22.37)	($14.92)	($13.28)	($12.10)	($20.38)	($19.59)
Total Capital	49,391	53,366	59,037	86,256	87,578	105,707	106,184	106,128	105,272	103,219
Total Debt	20,425	23,901	27,485	45,537	43,252	31,823	31,485	31,914	43,827	41,261
Total Long-Term Debt	19,320	21,697	24,989	41,192	37,701	31,026	31,327	30,694	42,355	38,726
Net Debt	13,350	16,744	18,500	39,385	38,315	23,021	23,653	25,694	37,240	35,683
Capital Expenditures (CapEx)	1,652	1,699	2,014	1,467	1,868	1,795	2,134	2,288	2,415	2,625
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,882	1,691	1,978	2,328	15,597	-477	-1,073	-1,671	-3,459	-3,409
Debt-free Net Working Capital (DFNWC)	5,193	8,848	10,963	8,480	20,534	8,325	6,759	4,549	3,128	2,169
Net Working Capital (NWC)	4,088	6,644	8,467	4,135	14,983	7,528	6,601	3,329	1,656	-366
Net Nonoperating Expense (NNE)	-3,055	849	238	-4,039	-1,532	1,973	55	-515	-242	278
Net Nonoperating Obligations (NNO)	13,350	16,744	18,500	39,385	20,935	23,021	23,653	25,694	37,240	35,683
Total Depreciation and Amortization (D&A)	1,863	1,962	2,140	1,896	2,708	4,156	4,557	4,108	4,211	4,364
Debt-free, Cash-free Net Working Capital to Revenue	-3.35%	2.95%	3.31%	6.71%	34.39%	-0.84%	-1.67%	-2.49%	-5.02%	-4.22%
Debt-free Net Working Capital to Revenue	9.26%	15.46%	18.32%	24.44%	45.28%	14.71%	10.50%	6.78%	4.54%	2.69%
Net Working Capital to Revenue	7.29%	11.61%	14.15%	11.92%	33.04%	13.30%	10.25%	4.96%	2.40%	-0.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.11	$3.62	$3.37	$3.85	$3.80	($2.59)	$2.57	$3.52	$2.24	$3.58
Adjusted Weighted Average Basic Shares Outstanding	1.49B	1.40B	1.35B	1.37B	1.46B	1.36B	1.50B	1.48B	1.43B	1.33B
Adjusted Diluted Earnings per Share	$5.04	$3.59	$3.34	$3.81	$3.76	($2.59)	$2.56	$3.50	$2.23	$3.55
Adjusted Weighted Average Diluted Shares Outstanding	1.51B	1.41B	1.36B	1.38B	1.47B	1.36B	1.51B	1.49B	1.44B	1.34B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.80	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.43B	1.38B	1.37B	1.47B	1.48B	1.52B	1.49B	1.46B	1.33B	1.33B
Normalized Net Operating Profit after Tax (NOPAT)	4,911	6,265	5,158	1,615	4,416	906	4,167	4,793	3,138	5,291
Normalized NOPAT Margin	8.75%	10.94%	8.62%	4.66%	9.74%	1.60%	6.47%	7.15%	4.55%	6.55%
Pre Tax Income Margin	11.53%	12.46%	12.97%	7.22%	9.16%	-4.16%	7.93%	9.12%	5.57%	7.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	8.85	7.91	8.95	3.43	3.09	-1.38	2.61	5.79	2.37	3.51
NOPAT to Interest Expense	5.96	6.03	5.67	1.57	2.78	-0.97	2.11	3.76	2.08	2.84
EBIT Less CapEx to Interest Expense	6.84	6.28	6.74	2.00	1.91	-2.70	1.52	4.00	0.76	2.10
NOPAT Less CapEx to Interest Expense	3.96	4.39	3.46	0.14	1.60	-2.28	1.03	1.96	0.48	1.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.42%	38.20%	42.15%	38.38%	41.06%	-82.91%	71.91%	58.93%	95.83%	64.17%
Augmented Payout Ratio	152.95%	79.82%	71.69%	44.13%	43.59%	-84.34%	128.50%	111.74%	476.60%	73.03%

This table displays calculated financial ratios and metrics derived from RTX's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.55%	6.15%	9.53%	12.27%	-20.57%	10.14%	12.15%	7.68%	49.21%	8.51%
EBITDA Growth	2.64%	-1.63%	29.94%	26.87%	-112.54%	9.12%	7.64%	-46.35%	1,069.57%	14.60%
EBIT Growth	13.18%	3.54%	56.20%	43.39%	-191.84%	14.57%	10.85%	-72.73%	245.27%	18.80%
NOPAT Growth	-5.66%	21.18%	40.51%	4.48%	-177.29%	12.64%	27.99%	-82.87%	267.14%	8.65%
Net Income Growth	-4.84%	90.16%	33.79%	1.57%	-166.88%	0.34%	17.69%	-87.12%	264.52%	5.91%
EPS Growth	1.08%	108.70%	34.72%	2.27%	-172.34%	8.33%	31.96%	-91.11%	260.29%	5.77%
Operating Cash Flow Growth	-59.73%	46.41%	-281.30%	-44.09%	326.22%	1.79%	139.63%	280.11%	-23.91%	-66.86%
Free Cash Flow Firm Growth	25.32%	36.61%	1.18%	-220.40%	-19.94%	1,360.77%	349.74%	281.02%	298.35%	-1.77%
Invested Capital Growth	3.20%	1.58%	3.54%	5.45%	1.22%	-1.22%	-3.50%	-6.95%	-2.69%	-1.06%
Revenue Q/Q Growth	3.90%	6.74%	-4.86%	6.40%	-26.49%	48.00%	-3.12%	2.15%	1.87%	7.64%
EBITDA Q/Q Growth	9.14%	1.25%	4.69%	9.67%	-110.79%	980.75%	3.28%	-45.34%	95.00%	4.10%
EBIT Q/Q Growth	12.34%	2.04%	8.77%	15.00%	-171.96%	227.29%	5.23%	-71.71%	283.36%	4.09%
NOPAT Q/Q Growth	4.63%	5.93%	2.72%	-8.23%	-177.40%	254.39%	16.72%	-87.72%	655.10%	0.36%
Net Income Q/Q Growth	4.26%	5.23%	0.89%	-8.24%	-168.65%	257.88%	18.33%	-89.96%	777.14%	1.63%
EPS Q/Q Growth	6.82%	2.13%	1.04%	-7.22%	-175.56%	252.94%	23.08%	-93.75%	1,262.50%	0.92%
Operating Cash Flow Q/Q Growth	-39.50%	494.86%	-118.65%	183.31%	361.20%	42.07%	-92.74%	699.12%	-7.68%	-38.13%
Free Cash Flow Firm Q/Q Growth	-42.47%	88.15%	-891.48%	-91.43%	46.67%	224.55%	96.40%	38.76%	-41.56%	-38.32%
Invested Capital Q/Q Growth	1.18%	0.07%	3.07%	1.04%	-2.88%	-2.34%	0.70%	-2.57%	1.56%	-0.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.57%	19.71%	20.73%	20.73%	5.30%	20.12%	18.45%	18.15%	20.08%	19.59%
EBITDA Margin	15.14%	14.36%	15.81%	16.29%	-2.39%	14.23%	15.17%	8.12%	15.54%	15.03%
Operating Margin	8.97%	8.57%	9.80%	8.15%	-10.37%	8.92%	9.69%	2.68%	10.10%	9.76%
EBIT Margin	8.97%	8.57%	9.80%	10.59%	-10.37%	8.92%	9.69%	2.68%	10.10%	9.76%
Profit (Net Income) Margin	8.23%	8.11%	8.60%	7.42%	-6.93%	7.39%	9.03%	0.89%	7.64%	7.21%
Tax Burden Percent	83.18%	86.35%	81.55%	84.57%	70.57%	84.90%	94.17%	40.89%	80.54%	77.65%
Interest Burden Percent	110.33%	109.61%	107.65%	82.84%	94.70%	97.64%	98.98%	80.91%	93.98%	95.17%
Effective Tax Rate	16.82%	13.65%	18.45%	15.43%	0.00%	15.10%	5.83%	59.11%	19.46%	22.35%
Return on Invested Capital (ROIC)	5.01%	5.01%	5.41%	4.80%	-4.85%	5.25%	6.40%	0.79%	6.45%	6.24%
ROIC Less NNEP Spread (ROIC-NNEP)	5.51%	5.53%	5.80%	5.14%	-4.69%	5.14%	6.35%	0.67%	6.15%	6.02%
Return on Net Nonoperating Assets (RNNOA)	1.98%	1.83%	2.11%	1.99%	-1.90%	2.39%	3.06%	0.33%	2.99%	3.56%
Return on Equity (ROE)	6.99%	6.84%	7.53%	6.79%	-6.75%	7.64%	9.46%	1.12%	9.44%	9.79%
Cash Return on Invested Capital (CROIC)	1.55%	3.27%	1.65%	-0.13%	1.74%	4.39%	7.04%	9.72%	7.90%	6.45%
Operating Return on Assets (OROA)	3.74%	3.59%	4.19%	4.66%	-4.34%	3.83%	4.27%	1.20%	4.88%	4.85%
Return on Assets (ROA)	3.43%	3.40%	3.68%	3.26%	-2.90%	3.18%	3.98%	0.40%	3.69%	3.59%
Return on Common Equity (ROCE)	6.83%	6.71%	7.37%	6.64%	-6.59%	7.47%	9.24%	1.09%	9.20%	9.52%
Return on Equity Simple (ROE_SIMPLE)	6.57%	0.00%	7.81%	7.87%	4.85%	0.00%	6.02%	4.17%	8.06%	0.00%
Net Operating Profit after Tax (NOPAT)	1,264	1,339	1,376	1,263	-977	1,509	1,761	216	1,633	1,639
NOPAT Margin	7.46%	7.40%	7.99%	6.89%	-7.26%	7.57%	9.12%	1.10%	8.13%	7.58%
Net Nonoperating Expense Percent (NNEP)	-0.50%	-0.52%	-0.39%	-0.34%	-0.15%	0.11%	0.05%	0.12%	0.30%	0.22%
Return On Investment Capital (ROIC_SIMPLE)	-	1.26%	-	-	-	1.43%	-	-	-	1.59%
Cost of Revenue to Revenue	79.43%	80.29%	79.27%	79.27%	94.70%	79.88%	81.55%	81.85%	79.92%	80.41%
SG&A Expenses to Revenue	7.97%	7.35%	7.92%	8.74%	10.41%	7.25%	7.22%	7.35%	6.91%	7.28%
R&D to Revenue	3.91%	3.96%	3.53%	3.98%	5.29%	3.80%	3.47%	3.58%	3.74%	3.74%
Operating Expenses to Revenue	11.60%	11.14%	10.93%	12.58%	15.67%	11.20%	8.76%	15.47%	9.99%	9.82%
Earnings before Interest and Taxes (EBIT)	1,520	1,551	1,687	1,940	-1,396	1,777	1,870	529	2,028	2,111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,567	2,599	2,721	2,984	-322	2,836	2,929	1,601	3,122	3,250
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.64	1.94	1.90	1.91	1.47	1.98	2.29	2.25	2.64	2.56
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.74	2.11	2.01	1.96	1.52	1.72	1.95	1.83	2.04	1.91
Price to Earnings (P/E)	25.78	27.18	24.93	24.92	32.01	37.00	39.87	58.69	34.16	32.26
Dividend Yield	2.72%	2.25%	2.33%	2.36%	3.25%	2.82%	2.45%	2.40%	2.01%	2.14%
Earnings Yield	3.88%	3.68%	4.01%	4.01%	3.12%	2.70%	2.51%	1.70%	2.93%	3.10%
Enterprise Value to Invested Capital (EV/IC)	1.45	1.69	1.63	1.64	1.32	1.59	1.79	1.76	2.02	1.96
Enterprise Value to Revenue (EV/Rev)	2.19	2.52	2.45	2.41	1.99	2.28	2.50	2.36	2.51	2.37
Enterprise Value to EBITDA (EV/EBITDA)	14.98	14.67	16.43	16.32	17.73	20.21	22.25	24.22	18.92	17.57
Enterprise Value to EBIT (EV/EBIT)	26.54	22.83	27.53	27.22	40.06	44.12	47.42	61.37	31.98	29.29
Enterprise Value to NOPAT (EV/NOPAT)	31.31	35.21	32.42	32.46	45.12	50.07	50.40	67.21	38.43	36.19
Enterprise Value to Operating Cash Flow (EV/OCF)	25.37	23.55	28.86	32.34	17.13	19.93	19.54	15.37	19.24	26.75
Enterprise Value to Free Cash Flow (EV/FCFF)	94.69	52.14	101.02	0.00	76.55	36.03	24.91	17.47	25.18	30.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.43	0.46	0.48	0.49	0.71	0.69	0.69	0.67	0.67
Long-Term Debt to Equity	0.43	0.41	0.44	0.44	0.46	0.69	0.68	0.66	0.62	0.63
Financial Leverage	0.36	0.33	0.36	0.39	0.40	0.46	0.48	0.49	0.49	0.59
Leverage Ratio	2.19	2.15	2.16	2.20	2.24	2.36	2.36	2.40	2.44	2.63
Compound Leverage Factor	2.42	2.36	2.33	1.82	2.12	2.31	2.33	1.94	2.29	2.50
Debt to Total Capital	31.79%	30.07%	31.68%	32.30%	33.11%	41.63%	40.81%	40.99%	40.14%	39.97%
Short-Term Debt to Total Capital	2.27%	1.15%	1.62%	2.40%	2.40%	1.40%	0.49%	1.80%	3.17%	2.46%
Long-Term Debt to Total Capital	29.52%	28.92%	30.05%	29.90%	30.70%	40.23%	40.33%	39.19%	36.97%	37.52%
Preferred Equity to Total Capital	0.00%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.50%	1.49%	1.46%	1.47%	1.55%	1.56%	1.57%	1.65%	1.66%	1.75%
Common Equity to Total Capital	66.71%	68.67%	66.86%	66.23%	65.34%	56.80%	57.62%	57.36%	58.20%	58.28%
Debt to EBITDA	3.46	2.77	3.37	3.39	4.68	5.64	5.37	5.98	4.02	3.78
Net Debt to EBITDA	2.91	2.23	2.79	2.87	3.96	4.79	4.67	5.13	3.38	3.27
Long-Term Debt to EBITDA	3.22	2.67	3.20	3.14	4.34	5.45	5.31	5.72	3.70	3.55
Debt to NOPAT	7.24	6.66	6.65	6.74	11.91	13.97	12.16	16.61	8.17	7.80
Net Debt to NOPAT	6.07	5.36	5.51	5.72	10.06	11.87	10.57	14.24	6.87	6.74
Long-Term Debt to NOPAT	6.72	6.40	6.30	6.24	11.04	13.50	12.02	15.88	7.52	7.32
Altman Z-Score	1.73	1.94	1.91	1.90	1.51	1.63	1.82	1.70	1.91	1.91
Noncontrolling Interest Sharing Ratio	2.24%	1.99%	2.12%	2.19%	2.26%	2.20%	2.37%	2.45%	2.53%	2.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.09	1.13	1.10	1.03	1.04	1.07	0.99	0.99	0.99
Quick Ratio	0.38	0.39	0.40	0.37	0.34	0.37	0.35	0.33	0.32	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,829	-217	-2,148	-4,112	-2,193	2,732	5,365	7,444	4,350	2,683
Operating Cash Flow to CapEx	151.07%	541.29%	-165.96%	136.69%	587.94%	585.22%	73.23%	508.94%	457.07%	146.02%
Free Cash Flow to Firm to Interest Expense	-5.88	-0.68	-6.82	-12.35	-5.94	5.60	13.25	15.67	8.77	5.52
Operating Cash Flow to Interest Expense	2.50	14.55	-2.74	2.16	8.99	9.65	0.84	5.75	5.09	3.21
Operating Cash Flow Less CapEx to Interest Expense	0.85	11.86	-4.39	0.58	7.46	8.00	-0.31	4.62	3.97	1.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.42	0.43	0.44	0.42	0.43	0.44	0.45	0.48	0.50
Accounts Receivable Turnover	7.03	7.15	7.16	6.95	6.96	6.91	6.98	7.19	7.84	7.40
Inventory Turnover	5.28	5.40	5.17	5.07	4.93	5.08	4.97	4.84	5.01	5.32
Fixed Asset Turnover	4.52	4.45	4.57	4.70	4.47	4.46	4.61	4.67	5.06	5.07
Accounts Payable Turnover	5.94	5.73	5.95	5.65	5.74	5.52	5.73	5.75	5.77	5.54
Days Sales Outstanding (DSO)	51.89	51.07	50.95	52.49	52.48	52.82	52.30	50.79	46.54	49.31
Days Inventory Outstanding (DIO)	69.07	67.64	70.59	71.95	74.04	71.91	73.44	75.48	72.92	68.57
Days Payable Outstanding (DPO)	61.48	63.72	61.39	64.55	63.64	66.13	63.74	63.49	63.30	65.91
Cash Conversion Cycle (CCC)	59.48	54.99	60.15	59.89	62.88	58.60	61.99	62.78	56.16	51.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	99,834	99,908	102,978	104,049	101,050	98,685	99,374	96,821	98,333	97,641
Invested Capital Turnover	0.67	0.68	0.68	0.70	0.67	0.69	0.70	0.72	0.79	0.82
Increase / (Decrease) in Invested Capital	3,093	1,556	3,524	5,375	1,216	-1,223	-3,604	-7,228	-2,717	-1,044
Enterprise Value (EV)	144,659	168,773	168,252	170,168	133,596	157,096	177,547	170,595	198,391	191,510
Market Capitalization	115,012	141,247	138,069	138,599	102,142	118,209	138,658	132,759	161,172	154,025
Book Value per Share	$47.54	$49.57	$49.69	$49.61	$47.82	$41.59	$45.49	$44.37	$45.94	$45.20
Tangible Book Value per Share	($13.56)	($12.10)	($12.00)	($12.23)	($13.85)	($20.38)	($21.15)	($21.71)	($20.15)	($19.59)
Total Capital	105,215	106,128	108,871	109,440	106,506	105,272	104,981	102,832	105,015	103,219
Total Debt	33,447	31,914	34,486	35,353	35,260	43,827	42,844	42,151	42,156	41,261
Total Long-Term Debt	31,059	30,694	32,717	32,723	32,701	42,355	42,334	40,303	38,823	38,726
Net Debt	28,066	25,694	28,593	29,962	29,804	37,240	37,237	36,140	35,474	35,683
Capital Expenditures (CapEx)	515	855	520	526	564	805	467	537	552	1,069
Debt-free, Cash-free Net Working Capital (DFCFNWC)	455	-1,671	1,252	1,394	-1,381	-3,459	-2,093	-4,503	-3,832	-3,409
Debt-free Net Working Capital (DFNWC)	5,836	4,549	7,145	6,785	4,075	3,128	3,514	1,508	2,850	2,169
Net Working Capital (NWC)	3,448	3,329	5,376	4,155	1,516	1,656	3,004	-340	-483	-366
Net Nonoperating Expense (NNE)	-131	-129	-105	-96	-44	36	18	41	98	79
Net Nonoperating Obligations (NNO)	28,066	25,694	28,593	29,962	29,804	37,240	37,237	36,140	35,474	35,683
Total Depreciation and Amortization (D&A)	1,047	1,048	1,034	1,044	1,074	1,059	1,059	1,072	1,094	1,139
Debt-free, Cash-free Net Working Capital to Revenue	0.69%	-2.49%	1.83%	1.98%	-2.06%	-5.02%	-2.95%	-6.22%	-4.85%	-4.22%
Debt-free Net Working Capital to Revenue	8.84%	6.78%	10.42%	9.61%	6.07%	4.54%	4.95%	2.08%	3.61%	2.69%
Net Working Capital to Revenue	5.22%	4.96%	7.84%	5.89%	2.26%	2.40%	4.23%	-0.47%	-0.61%	-0.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.94	$0.97	$0.98	$0.91	($0.68)	$1.03	$1.29	$0.08	$1.10	$1.11
Adjusted Weighted Average Basic Shares Outstanding	1.47B	1.48B	1.46B	1.46B	1.44B	1.43B	1.33B	1.33B	1.33B	1.33B
Adjusted Diluted Earnings per Share	$0.94	$0.96	$0.97	$0.90	($0.68)	$1.04	$1.28	$0.08	$1.09	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	1.47B	1.49B	1.46B	1.46B	1.44B	1.44B	1.33B	1.33B	1.33B	1.34B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.47B	1.46B	1.46B	1.46B	1.44B	1.33B	1.33B	1.33B	1.33B	1.33B
Normalized Net Operating Profit after Tax (NOPAT)	1,264	1,339	1,376	1,263	-977	1,509	1,761	370	1,633	1,639
Normalized NOPAT Margin	7.46%	7.40%	7.99%	6.89%	-7.26%	7.57%	9.12%	1.88%	8.13%	7.58%
Pre Tax Income Margin	9.89%	9.40%	10.55%	8.77%	-9.82%	8.71%	9.59%	2.17%	9.49%	9.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.89	4.88	5.36	5.83	-3.78	3.64	4.62	1.11	4.09	4.34
NOPAT to Interest Expense	4.07	4.21	4.37	3.79	-2.65	3.09	4.35	0.46	3.29	3.37
EBIT Less CapEx to Interest Expense	3.23	2.19	3.70	4.25	-5.31	1.99	3.46	-0.02	2.98	2.14
NOPAT Less CapEx to Interest Expense	2.41	1.52	2.72	2.21	-4.18	1.44	3.19	-0.68	2.18	1.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	66.83%	58.93%	55.84%	56.44%	96.68%	95.83%	88.36%	130.07%	64.60%	64.17%
Augmented Payout Ratio	125.85%	111.74%	101.99%	94.70%	185.42%	476.60%	427.84%	610.62%	281.34%	73.03%

Frequently Asked Questions About RTX's Financials

When does RTX's financial year end?

According to the most recent income statement we have on file, RTX's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has RTX's net income changed over the last 9 years?

RTX's net income appears to be on a downward trend, with a most recent value of $5.01 billion in 2024, falling from $7.97 billion in 2015. The previous period was $3.38 billion in 2023.

What is RTX's operating income?

RTX's total operating income in 2024 was $6.54 billion, based on the following breakdown:

Total Gross Profit: $15.41 billion
Total Operating Expenses: $8.87 billion

How has RTX revenue changed over the last 9 years?

Over the last 9 years, RTX's total revenue changed from $56.10 billion in 2015 to $80.74 billion in 2024, a change of 43.9%.

How much debt does RTX have?

RTX's total liabilities were at $100.90 billion at the end of 2024, a 0.5% increase from 2023, and a 72.4% increase since 2015.

How much cash does RTX have?

In the past 9 years, RTX's cash and equivalents has ranged from $4.94 billion in 2019 to $8.99 billion in 2017, and is currently $5.58 billion as of their latest financial filing in 2024.

How has RTX's book value per share changed over the last 9 years?

Over the last 9 years, RTX's book value per share changed from 30.84 in 2015 to 45.20 in 2024, a change of 46.5%.

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This page (NYSE:RTX) was last updated on 4/15/2025 by MarketBeat.com Staff

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RTX (RTX) Financials

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RTX (RTX) Financials

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