RTX Corp. (RTX) 10-K Red Flags
Risk signals extracted deterministically from RTX Corp.’s SEC 10-K/10-Q XBRL filings — no LLM, every finding cites the underlying data.
Detected red flags (15)
- Gross margin compression: Gross margin contracted +2.4%pp (from 6.2% to 3.8%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
- Interest coverage deteriorating below 3x: Interest coverage fell from 4.16x to 2.79x. Operating income of $3.56B covers interest of $1.28B only 2.79x — approaching the threshold where debt service becomes constrained. Monitor for covenant breaches.
- NEW: Going concern doubt in latest filing: The term "going concern" 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).
- Material weakness in internal controls: The term "material weakness" appears in 19 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- 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).
- Restatement of financial statements: The term "restate" "financial statements" appears in 2 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Endogenous analysis: 6 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 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.
- Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
- Market cap $268.33B at $199.25 per share.
- Trailing P/E 89.35, P/S 4.00, P/B 4.05.
- Gross margin compression: Gross margin contracted +2.4%pp (from 6.2% to 3.8%). This may reflect input cost inflation, pricing pressure, or product mix shift toward lower-margin segments.
- Interest coverage deteriorating below 3x: Interest coverage fell from 4.16x to 2.79x. Operating income of $3.56B covers interest of $1.28B only 2.79x — approaching the threshold where debt service becomes constrained. Monitor for covenant breaches.
Filings & ownership
- Latest annual report (10-K) filed Feb 6, 2026.
- Latest quarterly report (10-Q) filed Apr 21, 2026.
- 10 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~3088 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.
Full RTX analyst report
Valuation (DCF & Graham), technicals, macro exposure, risk scorecard and 13F/13D ownership.
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