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RTX Corp.
RTXIndustrialsGenerated Aug 19, 2026, 11:14 PM UTC
RTX (RTX Corp.) analytical snapshot. Revenue grew +9.7% YoY to $88.60B. 5-year revenue CAGR +6.6%; 10y CAGR +5.0%. Net margin at 7.60% (contracting ▼). Market cap $296.98B at $220.35 per share. Trailing P/E 44.43, P/S 3.35, P/B 4.47. EV/Operating income ≈ 35.46 (EV $329.75B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -2 (data confidence 84%). Descriptive analytics from public filings — not investment advice.
Market cap
$296.98B
1.35B shares
Price
$220.35
NYQ
P/E (ttm)
44.43
Revenue (FY)
$88.60B
YoY +9.7%
Net margin
7.60%
▼ 0.15pp
Free cash flow
$7.94B
8.96% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 6, 2026. Latest quarterly report (10-Q) filed Jul 23, 2026. 11 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 6, 2026.
- Latest quarterly report (10-Q) filed Jul 23, 2026.
- 11 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~3374 recent 13F-HR filings reference RTX Corp.; broad institutional reporting.
- Recent filers include VIMA LLC, VIMA LLC, SCP Investment, LP.
- 4 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 6, 2026
Annual report
Latest 10-Q
Jul 23, 2026
8-K (recent)
11
Insider net
—
0B/0S
13F filers
3374
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| VIMA LLC | 13F-HR | May 17, 2024 |
| VIMA LLC | 13F-HR | May 17, 2024 |
| SCP Investment, LP | 13F-HR | Aug 12, 2024 |
| SCP Investment, LP | 13F-HR | May 10, 2024 |
| ORG Partners LLC | 13F-HR | Jul 16, 2025 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jul 23, 2026 | 8-K | 8-K |
| May 4, 2026 | 8-K | 8-K |
| Apr 21, 2026 | 8-K | 8-K |
| Mar 5, 2026 | 8-K | 8-K |
| Jan 27, 2026 | 8-K | 8-K |
| Nov 13, 2025 | 8-K | 8-K |
| Oct 21, 2025 | 8-K | 8-K |
| Sep 24, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -36Deteriorating
72% conf
3 risk signal(s), 2 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. Revenue grew +9.7% but receivables grew +33.9% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +33.9% YoY vs revenue growth of +9.7%. The +24.2% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- Operating cash flow exceeds net income: OCF is 1.57x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +16.1% to $21.61B, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- Goodwill is 30% of total assets: Goodwill of $52.93B represents a large share of the balance sheet. If acquired businesses underperform, a non-cash impairment charge could materially impact earnings. Monitor segment performance and acquisition integration metrics.
- Endogenous analysis: Revenue grew +9.7% but receivables grew +33.9% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- 4 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue.
Revenue
$88.60B
+9.7% YoY
Gross profit
$2.15B
+23.5% YoY
Operating income
$9.30B
+42.2% YoY
Net income
$6.73B
+41.0% YoY
Operating cash flow
$10.57B
+47.6% YoY
Capex
$2.63B
+0.1% YoY
Total assets
$171.08B
+5.0% YoY
Total liabilities
$103.94B
+3.0% YoY
Filing quality score
78/100
4 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $80.74B | $88.60B | $7.87B | +9.7% |
| Gross profit | $1.74B | $2.15B | $410.0M | +23.5% |
| Operating income | $6.54B | $9.30B | $2.76B | +42.2% |
| Net income | $4.77B | $6.73B | $1.96B | +41.0% |
| Operating cash flow | $7.16B | $10.57B | $3.41B | +47.6% |
| Capex | $2.63B | $2.63B | $2.0M | +0.1% |
| Total assets | $162.86B | $171.08B | $8.22B | +5.0% |
| Total liabilities | $100.90B | $103.94B | $3.04B | +3.0% |
| Long-term debt | $43.64B | $41.08B | $-2.56B | -5.9% |
| Cash & equivalents | $5.58B | $7.43B | $1.86B | +33.3% |
| Stockholders equity | $60.16B | $65.25B | $5.09B | +8.5% |
| Inventory | $12.77B | $13.36B | $596.0M | +4.7% |
| Accounts receivable | $10.98B | $14.70B | $3.73B | +33.9% |
| R&D expense | $2.93B | $2.81B | $-127.0M | -4.3% |
| SG&A expense | $5.81B | $6.09B | $289.0M | +5.0% |
| Interest expense | $1.50B | $1.86B | $357.0M | +23.7% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent, ContractWithCustomerAssetAllowanceForCreditLossPeriodIncreaseDecrease, ContractWithCustomerAssetGrossCurrent, NumberOfOperatingSegments |
| Removed | AcceleratedShareRepurchasesFinalPricePaidPerShare, AcceleratedShareRepurchasesSettlementPaymentOrReceipt, AllowanceForDoubtfulAccountsReceivableCurrent, AllowanceForDoubtfulAccountsReceivableWriteOffs, BridgeLoan, BuildingsAndImprovementsGross, CapitalizedContractCostNet, CommonStockParOrStatedValuePerShare, CommonStockSharesAuthorized, CommonStockSharesIssued |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 1 | 0 | NEW |
| Substantial doubt about ability to continue | high | 1 | 0 | NEW |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 11 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 1 | Ongoing |
| Related party transactions | low | 5 | 0 | NEW |
Filing signal breakdown
Red flags: 3
Positive: 2
Watch: 1
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 20Improving
80% conf
Revenue grew +9.7% YoY to $88.60B. 5-year revenue CAGR +6.6%; 10y CAGR +5.0%. Net margin at 7.60% (contracting ▼).
- Revenue grew +9.7% YoY to $88.60B.
- 5-year revenue CAGR +6.6%; 10y CAGR +5.0%.
- Net margin at 7.60% (contracting ▼).
- Return on equity 10.32%, ROA 3.94%, ROIC 14.25%.
- Gross margin 0.00%, operating margin 10.50%.
- Free cash flow margin 8.96% ($7.94B).
- Net income up ▲ +41.0% YoY.
- Debt/equity 0.62, current ratio 1.01, net debt $32.77B.
- Asset turnover 0.51 — capital efficiency.
Revenue (FY)
$88.60B
YoY +9.7%
Net margin
7.60%
▼ 0.15pp
ROE
10.32%
ROA 3.94%
ROIC
14.25%
EPS (diluted)
$4.96
FY2025
Free cash flow
$7.94B
8.96% margin
Debt / equity
0.62
Cash $8.30B
Current ratio
1.01
Equity $66.38B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $80.74B | +17.1% | 0.00 | 8.10 | 5.91 | $4.53B | 7.94 |
| 2025 | $88.60B | +9.7% | 0.00 | 10.50 | 7.60 | $7.94B | 10.32 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2023 | $17.21B | +9.5% | — | 8.28% |
| Jun 30, 2023 | $18.32B | +12.3% | +6.4% | 7.25% |
| Sep 30, 2023 | $13.46B | -20.6% | -26.5% | -7.31% |
| Mar 31, 2024 | $19.30B | +12.1% | +43.4% | 8.85% |
| Jun 30, 2024 | $19.72B | +7.7% | +2.2% | 0.56% |
| Sep 30, 2024 | $20.09B | +49.2% | +1.9% | 7.33% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -50Deteriorating
95% conf
Market cap $296.98B at $220.35 per share. Trailing P/E 44.43, P/S 3.35, P/B 4.47. EV/Operating income ≈ 35.46 (EV $329.75B).
- Market cap $296.98B at $220.35 per share.
Market cap
$296.98B
1.35B shares
P/E (ttm)
44.43
P/S
3.35
P/B
4.47
EV
$329.75B
Intrinsic (DCF)
$101.34
-54.0% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 65Improving
85% conf
Price $220.35 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 61.21.
- Price $220.35 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$220.35
NYQ
RSI(14)
61.21
50-DMA
$202.09
200-DMA
$191.21
Volatility (ann.)
25.79%
52w range
$150.61–$226.88
-2.9% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -15Deteriorating
90% conf
Composite risk Moderate. Leverage debt/equity 0.62 (moderate). Liquidity current ratio 1.01 (adequate).
- Composite risk: Moderate.
Risk level
Moderate
Debt / equity
0.62
Current ratio
1.01
Margin stdev
3.72pp
Cash / assets
4.77%
Liab / assets
60.83%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. RTX Corp. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+9.7%** YoY to $88.60B..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow RTX stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
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