RTX Corporation

Industrials Aerospace & Defense Waltham, Massachusetts Last filing Feb 6, 2026 · FY2025

                    Revenue
                    FY2025
                
$88.6B
                    3y CAGR +9.7%
                    
                    P80
                    
                    +9.7%
                    
                    Net income
                    FY2025
                
$6.7B
                    Net margin +7.6%
                    
                    P23
                    
                    +41.0%
                    
                    Total assets
                    FY2025
                
$171.1B
                    ROA +3.9%
                    
                    P12
                    
                    +5.0%
                    
                    Operating cash flow
                    FY2025
                
$10.6B
                    FCF margin +9.0%
                    
                    P32
                    
                    +47.6%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $171.1B

Total liabilities $103.9B

Shareholders equity $65.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	8.4%	6.9%	9.6%	9.3%	12.2%
Accounts Receivable	16.6%	13.6%	15.7%	13.6%	15.0%
Inventory	15.1%	15.8%	17.1%	15.8%	14.3%
Other Current Assets	28.0%	27.0%	27.9%	24.6%	23.9%
Total Current Assets	68.1%	63.3%	70.3%	63.3%	65.3%
Property,Plant and Equipment	19.0%	19.9%	22.8%	22.6%	23.3%
Operating Lease Assets	2.1%	2.3%	2.4%	2.7%	3.0%
Goodwill	60.2%	65.4%	77.9%	80.3%	84.5%
Intangible Assets	35.9%	41.4%	51.4%	54.9%	59.8%
Other Noncurrent Assets	7.7%	9.3%	10.1%	13.1%	14.7%
Total Assets	193.1%	201.7%	234.9%	236.8%	250.7%
Liabilities
Accounts Payable	17.9%	16.0%	15.5%	14.8%	13.6%
Accrued Liabilities	19.9%	21.6%	25.3%	20.0%	19.9%
Deferred Revenue	24.4%	23.1%	24.9%	21.8%	21.3%
Current Portion of Long Term Debt	4.1%	3.1%	2.1%	1.8%	0.2%
Total Current Liabilities	66.3%	63.8%	67.8%	58.3%	55.1%
Long Term Debt	38.7%	48.0%	61.5%	45.8%	48.7%
Operating Lease Liabilities Noncurrent	1.8%	2.0%	2.0%	2.4%	2.6%
Other Noncurrent Liabilities	10.5%	11.2%	14.4%	19.8%	28.4%
Total Liabilities	117.3%	125.0%	145.7%	126.2%	134.7%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	43.0%	46.4%	53.8%	56.6%	58.2%
Retained Earnings	64.0%	66.4%	75.7%	77.9%	78.1%
Treasury Stock	30.3%	33.6%	39.1%	23.2%	19.8%
Accumulated Other Comprehensive Income	-3.1%	-4.7%	-3.5%	-3.0%	-3.0%
Total Stockholders Equity	73.6%	74.5%	86.8%	108.3%	113.5%
Noncontrolling Interest	2.1%	2.2%	2.3%	2.3%	2.5%
Temporary Equity and Other	0.0%	0.0%	0.1%	0.1%	0.1%
Total Liabilitiesand Equity	193.1%	201.7%	234.9%	236.8%	250.7%

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $88.6B

Operating income $9.3B

Net income $6.7B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Research and Development	3.2%	3.6%	4.1%	4.0%	4.2%
Expenses Selling,General and Administrative	6.9%	7.2%	8.4%	8.3%	7.8%
Expenses Other Operating Expenses	-0.5%	0.2%	-0.1%	-0.2%	-0.7%
Other Income Expense Operating Income	10.5%	8.1%	5.2%	8.2%	8.0%
Other Income Expense Interest Expense	2.0%	2.3%	2.2%	1.9%	2.1%
Other Income Expense Other Income/expense	1.3%	1.9%	2.6%	1.9%	2.1%
Other Income Expense Income Before Tax	9.9%	7.7%	5.6%	9.1%	7.9%
Income Tax Income Tax Expense	1.9%	1.5%	0.7%	1.2%	1.5%
net Income Other Items Below Tax	-0.4%	-0.3%	-0.3%	-0.2%	-0.4%
net Income net Income	7.6%	5.9%	4.6%	7.7%	6.0%
net Income Comprehensive Income	8.8%	4.3%	4.1%	7.6%	8.8%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.5%	1.7%	2.1%	2.2%	2.3%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $10.6B

Investing cash flow $-1.3B

Financing cash flow $-7.5B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	8.0%	6.2%	4.9%	7.9%	6.4%
Operating Activities Depreciation and Amortization	4.9%	5.4%	6.1%	6.1%	7.1%
Operating Activities Stock Based Compensation	0.6%	0.5%	0.6%	0.6%	0.7%
Operating Activities Deferred Income Taxes	0.9%	-0.1%	-0.6%	-2.5%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	-1.4%	-1.3%	2.2%	0.8%	-0.4%
Operating Activities Other Non Cash Items	-1.0%	-1.8%	-1.8%	-2.3%	-2.5%
Operating Activities net Cash From Operating Activities	11.9%	8.9%	11.4%	10.7%	11.1%
Investing Activities Capital Expenditures	-3.0%	-3.3%	-3.5%	-3.4%	-3.3%
Investing Activities Other Investing Activities	1.5%	1.4%	-0.9%	-0.7%	2.9%
Investing Activities net Cash From Investing Activities	-1.4%	-1.9%	-4.4%	-4.2%	-2.1%
Financing Activities Proceeds From Debt	0.0%	0.0%	33.2%	0.0%	6.3%
Financing Activities Repayment of Debt	-3.9%	-3.1%	-15.3%	-0.0%	-7.6%
Financing Activities Repurchase of Common Stock	-0.1%	-0.5%	-18.7%	-4.2%	-3.6%
Financing Activities Dividends Paid	-4.0%	-4.0%	-4.7%	-4.7%	-4.6%
Financing Activities Other Financing Activities	-0.5%	-0.6%	-1.1%	0.1%	-1.0%
Financing Activities net Cash From Financing Activities	-8.4%	-8.2%	-6.6%	-8.7%	-10.5%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.0%	0.0%	-0.1%	-0.0%
Cash Reconciliation net Change In Cash	2.1%	-1.3%	0.5%	-2.3%	-1.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+10.5%	+8.1%	+5.2%	+8.2%	+8.0%
Net margin	+7.6%	+5.9%	+4.6%	+7.7%	+6.0%
FCF margin	+9.0%	+5.6%	+7.9%	+7.3%	+7.8%
Growth
Revenue CAGR (3y)	+9.7%	+7.8%	+6.8%	+13.9%	+22.9%
Returns
ROE	+10.3%	+7.9%	+5.3%	+7.2%	+5.3%
ROA	+3.9%	+2.9%	+2.0%	+3.3%	+2.4%
ROIC	+7.9%	+5.5%	+3.2%	+4.9%	+4.3%
Liquidity
Current ratio	1.03x	0.99x	1.04x	1.09x	1.19x
Quick ratio	0.38x	0.32x	0.37x	0.39x	0.49x
Leverage
D/E	1.59x	1.68x	1.68x	1.17x	1.19x
Interest coverage	5.32x	3.51x	2.37x	4.31x	3.89x
Efficiency
Asset turnover	0.52x	0.50x	0.43x	0.42x	0.40x
Cash conversion cycle	—	—	—	—	—

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RTX Corporation

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