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RTX
Industrials · Aerospace & Defense

Aerospace and defense company providing advanced systems and services for commercial, military, and government customers.

HQ: United StatesListed: United States

Profile & Fundamentals

RTX: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

RTX Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

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.

RTX.NYSE

Company profile record

RTX Corporation

Common Stock · Industrials · Aerospace & Defense

Official website

Company

Company / asset
RTX Corporation
Security type
Common Stock
Sector
Industrials
Industry
Aerospace & Defense
HQ
🇺🇸 United States
Head office
1000 Wilson Boulevard, Arlington, VA, United States, 22209

Leadership & scale

Chief executive
Mr. Christopher T. Calio J.D.
CEO year born
1974
Full-time employees
180K
Fiscal year end
December
IPO date
1970-01-02

Fundamentals snapshot

Updated 2026-09-27
Market Cap
USD 250.1B
P/E
32.3x
Revenue (Q2 26)
USD 24.7B
Profit (Q2 26)
USD 2.1B
Dividend Yield
1.1%
Revenue (FY 25)
USD 88.6B
Shares in public float
1.2B
Insider ownership
0.09%

Reporting & identifiers

Symbol
RTX.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US75513E1010
Asset ID
equity_596252ea-ae6c-57cc-8f1c-ff4f1e87d89c

Ownership

Shares Outstanding

Latest: 1.4B | Max: 1.5B | Min: 798.0M

Shares Outstanding
1.9B1.4B954.7M477.4M0.00
1.4B
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

91.58%

1.2B latest reported shares

Insider Ownership

0.09%

Latest reported insider stake

Short Float

0.01%

Latest reported short interest / float

Top Holders

Top 5 concentration: 28.49%
BlackRock Inc
institution
Filed 2026-03-31 • Change +4.1M (+3.94%)
8.09%(109.1M shares)
State Street Corp
institution
Filed 2026-03-31 • Change +704.7K (+0.77%)
6.87%(92.6M shares)
Vanguard Capital Management, LLC
institution
Filed 2026-03-31 • Change +87.2M (0.00%)
6.47%(87.2M shares)
Capital Research Global Investors
institution
Filed 2026-06-30 • Change +8.9K (+0.02%)
3.88%(52.3M shares)
Vanguard MStar Total Stk Mkt Idx Invest
fund
Filed 2026-08-31 • Change -81.3K (-0.19%)
3.18%(42.8M shares)
JPMorgan Chase & Co
institution
Filed 2026-03-31 • Change +9.2M (+28.78%)
3.07%(41.4M shares)
Vanguard 500 Index Investor
fund
Filed 2026-08-31 • Change +424.7K (+1.20%)
2.65%(35.8M shares)
Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

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Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-01798,000,000
2018-01-01831,000,000
2019-01-01867,000,000
2020-01-011,515,400,000
2021-01-011,500,200,000
2022-01-011,476,300,000
2023-01-011,361,700,000
2024-01-011,348,900,000
2025-01-011,361,700,000
2026-01-011,364,700,000

Top Holders

Available reported ownership records.

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Largest reported holders
HolderSharesOwnershipReported date
BlackRock Inc109,050,7518.09%2026-03-31
State Street Corp92,589,2626.87%2026-03-31
Vanguard Capital Management, LLC87,220,8406.47%2026-03-31
Capital Research Global Investors52,346,2553.88%2026-06-30
Vanguard MStar Total Stk Mkt Idx Invest42,796,2063.18%2026-08-31
JPMorgan Chase & Co41,351,4063.07%2026-03-31
Vanguard 500 Index Investor35,778,3782.65%2026-08-31
Dodge & Cox35,113,2492.61%2026-06-30
Geode Capital Management, LLC33,249,6652.47%2026-03-31
Morgan Stanley - Brokerage Accounts30,123,7392.24%2026-03-31
Vanguard Portfolio Management, LLC25,465,8501.89%2026-03-31
Bank of America Corp25,393,6851.88%2026-03-31
Dodge & Cox Stock I23,368,9001.73%2026-06-30
Fisher Asset Management, LLC22,872,2551.7%2026-06-30
Capital Research & Mgmt Co - Division 322,098,3851.64%2026-06-30

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

The financial trajectory reflects a powerful operational recovery, evidenced by revenue reaching $93.5 billion and net income climbing to $7.74 billion over the trailing twelve months through mid-2026. This performance marks a structural rebound from 2023, powered by accelerating commercial aftermarket flight hours at Collins and heavy munitions deliveries at Raytheon. However, reported trailing free cash flow of $12.02 billion overstates the normalized run-rate because it reflects depressed prior-year comparators and favorable customer advance payments. Management's official full-year 2026 free cash flow guidance of $8.50 to $8.75 billion provides the realistic cash baseline for long-term investors.

Revenue, Net Income, and Free Cash Flow

Latest: USD 88.6B | Max: USD 88.6B | Min: USD -3.5B

RevenueFree Cash FlowNet Income
USD 112.6BUSD 80.8BUSD 49.0BUSD 17.2BUSD 0.00USD -14.6B
88.6B
7.9B
6.7B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 37x

39x29x19x10x0x
33x
36x
37x
'21'23'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Operating margins have embarked on a structural ascent, recovering from 5.17% in 2023 to 10.50% in 2025 and widening past 11% in mid-2026. This resurgence is propelled by high-margin commercial spare parts and flight-hour agreements at Collins Aerospace, alongside tapering engine inspection penalties. A clear margin divergence persists across divisions. While commercial aerospace commands exceptional pricing power, Raytheon's defense margins face drag from legacy fixed-price development contracts and component inflation. Long-term operating margins will likely consolidate between 12% and 13% as manufacturing volume scales.

Profitability Margins

Latest: 20.1% | Max: 27.6% | Min: -6.2%

Gross MarginOperating MarginNet Margin
36.3%24.7%13.0%0.0%-10.3%
20.1%
10.5%
7.6%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

20.1%

Gross profit / revenue

Operating Margin

10.5%

Operating income / revenue

Net Margin

7.6%

Net income / revenue

FCF Margin

9.0%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-3157,244,000,0005,055,000,0001,801,000,000
2017-12-3159,837,000,0004,552,000,0003,237,000,000
2018-12-3134,701,000,0005,269,000,0004,020,000,000
2019-12-3145,349,000,0005,537,000,0006,276,000,000
2020-12-3156,587,000,000-3,519,000,0001,639,000,000
2021-12-3164,388,000,0003,864,000,0004,749,000,000
2022-12-3167,074,000,0005,197,000,0004,393,000,000
2023-12-3168,920,000,0003,380,000,0005,468,000,000
2024-12-3180,738,000,0004,774,000,0004,534,000,000
2025-12-3188,603,000,0006,732,000,0007,940,000,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3137.1Trailing four quarters
2024-12-3132.7Trailing four quarters
2023-12-3135.86Trailing four quarters
2022-12-3128.67Annual net income
2021-12-3133.41Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3127.5514.368.833.15
2017-12-3126.1313.67.615.41
2018-12-3120.858.2915.1811.58
2019-12-3123.7110.8412.2113.84
2020-12-3115.08-3.34-6.222.9
2021-12-3119.47.9867.38
2022-12-3120.388.217.756.55
2023-12-3117.545.174.97.93
2024-12-3119.098.15.915.62
2025-12-3120.0810.57.68.96

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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