RTX (RTX) stock
Industrials · Aerospace & Defense
RTX (RTX) is an Aerospace & Defense company in the Industrials sector, headquartered in Waltham, Massachusetts. As of October 23, 2026, RTX closed at $191.01, a market capitalization of $257.76 billion, the 44th largest company in the S&P 500. Over the last twelve months it generated $95.99 billion in revenue (+11% year over year) and $10.98 billion in free cash flow. The stock trades at 31.1x trailing earnings and 23.8x forward earnings.
- 1-year total return: +8.0% (dividends reinvested)
- 5-year return: +18.3% a year
- 52-week range: $166.74 – $226.88
- Gross margin 21.1%, operating margin 15.5%
- Dividend yield: 1.53%, 33 straight years of increases
- FI Handbook report card: C across 10 metrics
- 3rd largest of 83 Industrials stocks in the S&P 500
RTX price chart
1Y price change: +6.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| RTX | -0.6% | +5.3% | +8.0% | +40.5% | +18.3% | +14.5% | +12.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
RTX key statistics
- Market cap
- $257.8B
- #44 in S&P 500
- P/E (TTM)
- 31.1x
- Forward P/E
- 23.8x
- EPS (TTM)
- $6.15
- Revenue (TTM)
- $96.0B
- +11%
- Free cash flow
- $11.0B
- Gross margin
- 21.1%
- Operating margin
- 15.5%
- Return on equity
- 12.8%
- Dividend yield
- 1.53%
- 52-week range
- $166.74 – $226.88
- Beta
- 0.31
- Price / sales
- 2.7x
- EV / EBITDA
- 17.1x
- Debt / equity
- 0.55x
- Employees
- 180,000
RTX report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth11.1%B
- Gross margin21.1%D
- Operating margin15.5%C
- FCF margin11.4%C
- Return on equity12.8%C
- Net debt / EBITDA1.8xC
- Forward P/E23.8xC
- PEG ratio2.2xD
- Shareholder yield1.5%C
- Share count change / yr-0.0%C
RTX financials
Revenue went from $57.2B in fiscal 2016 to $88.6B in fiscal 2025, growing 5.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $57.2B | $59.8B | $34.7B | $45.3B | $56.6B | $64.4B | $67.1B | $68.9B | $80.7B | $88.6B |
| Gross profit | $26.9B | $28.8B | — | — | — | — | — | — | — | — |
| Operating income | $8.2B | $8.1B | $2.9B | $4.9B | -$1.9B | $5.1B | $5.5B | $3.6B | $6.5B | $9.3B |
| Net income | $5.1B | $4.6B | $5.3B | $5.5B | -$3.5B | $3.9B | $5.2B | $3.2B | $4.8B | $6.7B |
| EPS (diluted) | $3.85 | $3.59 | $6.50 | $6.41 | $-2.59 | $2.56 | $3.50 | $2.23 | $3.55 | $4.96 |
| Free cash flow | — | — | — | — | — | — | $4.9B | $5.5B | $4.5B | $7.9B |
| Buybacks | $2.3B | $1.5B | $325.0M | $151.0M | $47.0M | $2.3B | $2.8B | $12.9B | $444.0M | $50.0M |
| Dividends paid | $2.1B | $2.1B | $2.2B | $2.4B | $2.7B | $3.0B | $3.1B | $3.2B | $3.2B | $3.6B |
| Diluted shares | 1.3B | 1.3B | 810.1M | 863.9M | 1.4B | 1.5B | 1.5B | 1.4B | 1.3B | 1.4B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into RTX?
A reverse DCF asks what growth the current price requires. With an enterprise value of $287.5B and $11.0B of trailing free cash flow, RTX needs to grow free cash flow about 17.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 6.0% a year over the last five years.
P/E ratio history
Current 38.5x vs. median 17.6x (10th–90th percentile 11.6x–41.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
RTX dividend
- Dividend yield
- 1.53%
- Annual dividend
- $2.92
- Years of increases
- 33
- 5-yr dividend growth
- 7.2%
- per year
- Payout ratio
- 46%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
RTX earnings
Next report: January 26, 2027. RTX has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 20, 2026 | $1.78 | $2.26 | +27.0% |
| Jul 23, 2026 | $1.66 | $1.89 | +13.7% |
| Apr 21, 2026 | $1.52 | $1.78 | +16.9% |
| Jan 27, 2026 | $1.47 | $1.55 | +5.3% |
| Oct 21, 2025 | $1.41 | $1.70 | +20.6% |
| Jul 22, 2025 | $1.43 | $1.56 | +9.5% |
| Apr 22, 2025 | $1.37 | $1.47 | +7.5% |
| Jan 28, 2025 | $1.38 | $1.54 | +11.8% |
Stocks like RTX
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 GE GE Aerospace | -2.69% | -6% | $296.4B | 32.6x | Compare |
 BA Boeing | +0.43% | -14% | $148.9B | 67.3x | Compare |
 LMT Lockheed Martin | +2.42% | +27% | $139.6B | 21.5x | Compare |
 GD General Dynamics | -0.41% | +4% | $94.5B | 21.3x | Compare |
 NOC Northrop Grumman | -0.16% | -7% | $78.3B | 17.4x | Compare |
 HWM Howmet Aerospace | -3.82% | -7% | $74.1B | 40.1x | Compare |
 TDG Transdigm | -3.23% | -18% | $61.1B | 33.5x | Compare |
 HONA Honeywell Aerospace | +0.18% | — | $51.8B | 49.8x | Compare |
RTX news
- Stocktwits Defense Watch: Lockheed Martin, RTX, L3Harris, HII Add To Their Defense Contract Backlogs Amid Pentagon Spending Ramp-Up · Oct 24, 2026
- Lockheed Vs. RTX: The Cheaper Defense Giant Is The Clear Value Win · Oct 23, 2026
- Dow and Small Caps Climb Weekly While Nasdaq Slips on Megacap Earnings Charges · Oct 23, 2026
- What Does RTX (RTX) Altimeter Upgrade Push Mean For Business Aviation? · Oct 23, 2026
- Lockheed Martin Rises 9% as Record Backlog Lifts Outlook; RTX Gains 2%, Northrop Grumman Advances 3% · Oct 22, 2026
RTX stock FAQ
What is RTX's market cap?
RTX's market capitalization is $257.76 billion as of October 23, 2026, ranking 44th in the S&P 500.
What is RTX's P/E ratio?
RTX trades at a trailing price-to-earnings ratio of 31.1x and a forward P/E of 23.8x. Its median P/E over the period we track is 17.6x.
Does RTX pay a dividend?
Yes. RTX pays $2.92 per share a year, a 1.53% yield. It has raised its dividend 33 years in a row. Dividends grew 7.2% a year over the last five years.
How much has RTX stock returned?
Including reinvested dividends, RTX returned +8.0% over one year, +18.3% a year over five years, +14.5% a year over ten years through October 23, 2026.
Is RTX stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies RTX must grow free cash flow about 17% a year for the next decade. Its free cash flow grew 6% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does RTX report earnings?
RTX is expected to report earnings on January 26, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does RTX have?
RTX has about 180,000 full-time employees, or $533,261 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology