RTX Corporation (RTX) Key Metrics
RTX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $261.36B
- Enterprise value
- $287.96B
- P/E (TTM)
- 34.1 10-yr median 28.9
- Forward P/E
- 24.6
- PEG ratio
- 2.21
- Price / sales
- 2.8 10-yr median 1.7
- Price / book
- 3.9 10-yr median 2.0
- EV / EBITDA
- 17.9 10-yr median 15.4
- Dividend yield
- 1.51% $2.92 a year
- Beta
- 0.31
RTX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRTX valuation Price multiples at each fiscal year-end price.
RTX returns How much profit the business earns on the capital it uses.
RTX per-share figures Results divided by the shares outstanding at year-end.
RTX financial health Debt, liquidity and how easily interest is covered.
RTX efficiency & capital use Working capital cycle and where the cash goes.
RTX valuation history
RTX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RTX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RTX cash returned to shareholders
RTX price vs earnings per share
RTX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $248.76B | $155.48B | $120.77B | $149.96B | $129.82B | $97.10B | $76.32B | $50.87B | $60.12B | $53.41B |
| Enterprise value | $280.83B | $192.80B | $159.43B | $177.24B | $155.13B | $121.63B | $116.27B | $90.26B | $78.62B | $70.15B |
| P/E ratio | 37.0 | 32.6 | 35.7 | 28.9 | 33.6 | — | 13.8 | 9.7 | 13.2 | 10.6 |
| Price / sales | 2.8 | 1.9 | 1.8 | 2.2 | 2.0 | 1.7 | 1.7 | 1.5 | 1.0 | 0.9 |
| Price / book | 3.8 | 2.6 | 2.0 | 2.1 | 1.8 | 1.3 | 1.8 | 1.3 | 2.0 | 1.9 |
| Price / free cash flow | 31.3 | 34.3 | 22.1 | 34.1 | 27.3 | 59.2 | 12.2 | 12.7 | 18.6 | 29.7 |
| Price / operating cash flow | 23.5 | 21.7 | 15.3 | 20.9 | 18.4 | 26.9 | 8.6 | 8.0 | 10.7 | 13.8 |
| EV / sales | 3.2 | 2.4 | 2.3 | 2.6 | 2.4 | 2.1 | 2.6 | 2.6 | 1.3 | 1.2 |
| EV / EBITDA | 18.8 | 15.4 | 44.8 | 15.4 | 14.1 | 37.9 | 13.6 | 16.2 | 7.2 | 6.8 |
| EV / free cash flow | 35.4 | 42.5 | 29.2 | 40.3 | 32.7 | 74.2 | 18.5 | 22.5 | 24.3 | 39.0 |
| Earnings yield | 2.7% | 3.1% | 2.8% | 3.5% | 3.0% | −3.6% | 7.3% | 10.4% | 7.6% | 9.5% |
| Free cash flow yield | 3.2% | 2.9% | 4.5% | 2.9% | 3.7% | 1.7% | 8.2% | 7.9% | 5.4% | 3.4% |
| Dividend yield | 1.4% | 2.1% | 2.7% | 2.1% | 2.3% | 2.8% | 3.2% | 4.3% | 3.4% | 3.9% |
| Shareholder yield (dividends + buybacks) | 1.5% | 2.4% | 13.3% | 4.0% | 4.1% | 2.9% | 3.4% | 4.9% | 5.9% | 8.1% |
| Share price at fiscal year-end | $183.40 | $115.72 | $84.14 | $100.92 | $86.06 | $71.51 | $88.33 | $62.80 | $75.24 | $64.66 |
| Per share | ||||||||||
| Revenue per share | $65.32 | $60.09 | $48.01 | $45.14 | $42.68 | $41.68 | $52.49 | $42.84 | $74.89 | $69.30 |
| Earnings per share | $4.96 | $3.55 | $2.35 | $3.50 | $2.56 | −$2.59 | $6.41 | $6.50 | $5.70 | $6.12 |
| Operating cash flow per share | $7.79 | $5.33 | $5.49 | $4.82 | $4.69 | $2.66 | $10.28 | $7.80 | $7.05 | $4.70 |
| Free cash flow per share | $5.85 | $3.37 | $3.81 | $2.96 | $3.15 | $1.21 | $7.26 | $4.96 | $4.05 | $2.18 |
| Cash per share | $5.48 | $4.15 | $4.59 | $4.19 | $5.19 | $6.48 | $5.71 | $7.60 | $11.25 | $8.66 |
| Book value per share | $48.10 | $44.77 | $41.66 | $48.88 | $48.44 | $53.15 | $48.35 | $47.46 | $37.06 | $33.39 |
| Tangible book value per share | −$14.70 | −$19.41 | −$20.41 | −$12.13 | −$13.18 | −$16.69 | −$22.35 | −$44.56 | −$17.75 | −$18.36 |
| Dividends per share | $2.63 | $2.39 | $2.26 | $2.11 | $1.96 | $2.01 | $2.83 | $2.68 | $2.60 | $2.50 |
| Capex per share | $1.94 | $1.95 | $1.68 | $1.87 | $1.54 | $1.45 | $3.02 | $2.84 | $3.00 | $2.52 |
| Debt per share | $29.13 | $31.92 | $31.52 | $22.55 | $21.97 | $24.55 | $51.95 | $56.22 | $34.40 | $28.94 |
| Shares outstanding | 1.36B | 1.34B | 1.44B | 1.49B | 1.51B | 1.36B | 864.0M | 810.0M | 799.0M | 826.0M |
| Change in shares outstanding | +1.0% | −6.4% | −3.4% | −1.5% | +11.1% | +57.2% | +6.7% | +1.4% | −3.3% | −6.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.7% | 8.0% | 5.1% | 7.1% | 5.3% | −6.2% | 13.8% | 15.5% | 15.9% | 18.4% |
| Return on invested capital (ROIC) | 7.7% | 5.4% | 3.2% | 4.8% | 4.3% | −1.7% | 5.5% | 2.6% | 11.2% | 14.7% |
| Return on assets (ROA) | 4.0% | 2.9% | 2.1% | 3.2% | 2.4% | −2.3% | 4.0% | 4.6% | 4.9% | 5.7% |
| Return on tangible assets | 7.8% | 6.2% | 4.6% | 7.6% | 5.6% | −5.2% | 7.1% | 8.8% | 8.6% | 10.8% |
| Free cash flow margin | 9.0% | 5.6% | 7.9% | 6.5% | 7.4% | 2.9% | 13.8% | 11.6% | 5.4% | 3.1% |
| Income quality (OCF / net income) | 1.57 | 1.50 | 2.33 | 1.38 | 1.83 | — | 1.60 | 1.20 | 1.24 | 0.77 |
| Financial health | ||||||||||
| Total debt | $39.51B | $42.89B | $45.24B | $33.50B | $33.14B | $33.34B | $44.89B | $45.54B | $27.48B | $23.90B |
| Cash & short-term investments | $7.43B | $5.58B | $6.59B | $6.22B | $7.83B | $8.80B | $4.94B | $6.15B | $8.98B | $7.16B |
| Net debt | $32.07B | $37.31B | $38.65B | $27.28B | $25.31B | $24.54B | $39.95B | $39.38B | $18.50B | $16.74B |
| Debt / equity | 0.61 | 0.71 | 0.76 | 0.46 | 0.45 | 0.46 | 1.07 | 1.18 | 0.93 | 0.87 |
| Debt / assets | 0.23 | 0.26 | 0.28 | 0.21 | 0.21 | 0.21 | 0.32 | 0.34 | 0.28 | 0.27 |
| Net debt / EBITDA | 2.15 | 2.98 | 10.85 | 2.37 | 2.30 | 7.64 | 4.66 | 7.06 | 1.69 | 1.63 |
| Current ratio | 1.03 | 0.99 | 1.04 | 1.09 | 1.19 | 1.21 | 1.32 | 1.13 | 1.35 | 1.30 |
| Quick ratio | 0.80 | 0.74 | 0.78 | 0.81 | 0.93 | 0.95 | 1.13 | 0.81 | 0.94 | 0.91 |
| Interest coverage | 5.1 | 3.3 | 2.4 | 4.2 | 3.9 | -1.3 | 2.9 | 2.4 | 8.0 | 7.1 |
| Working capital | $1.55B | −$366.0M | $1.66B | $3.33B | $6.60B | $7.53B | $14.98B | $4.13B | $8.47B | $6.64B |
| Invested capital | $97.32B | $97.47B | $98.45B | $99.91B | $98.38B | $96.70B | $81.73B | $77.83B | $48.11B | $44.32B |
| Tangible asset value | −$18.05B | −$24.27B | −$27.65B | −$16.45B | −$18.25B | −$20.94B | −$16.76B | −$33.82B | −$12.24B | −$13.28B |
| Net current asset value | −$43.61B | −$49.77B | −$52.01B | −$42.21B | −$44.66B | −$44.89B | −$33.71B | −$57.99B | −$32.51B | −$31.69B |
| Graham number | $73.29 | $59.83 | $46.98 | $62.02 | $52.84 | — | $83.50 | $83.35 | $68.92 | $67.80 |
| Graham net-net per share | −$48.64 | −$51.94 | −$49.27 | −$38.79 | −$38.79 | −$44.46 | −$87.88 | −$85.16 | −$52.56 | −$48.57 |
| Capital allocation | ||||||||||
| Dividends paid | $3.57B | $3.22B | $3.24B | $3.13B | $2.96B | $2.73B | $2.44B | $2.17B | $2.07B | $2.07B |
| Share buybacks (net) | $50.0M | $444.0M | $12.87B | $2.80B | $2.33B | $47.0M | $151.0M | $325.0M | $1.45B | $2.25B |
| Dividend payout ratio | 53.1% | 67.4% | 95.8% | 60.2% | 76.5% | — | 44.1% | 41.2% | 45.6% | 40.9% |
| Dividends + buybacks / free cash flow | 45.6% | 80.7% | 294.6% | 135.0% | 111.3% | 169.6% | 41.3% | 62.1% | 109.0% | 240.0% |
| Capex / revenue | 3.0% | 3.3% | 3.5% | 4.1% | 3.6% | 3.5% | 5.7% | 6.6% | 4.0% | 3.6% |
| Capex / operating cash flow | 24.9% | 36.7% | 30.6% | 38.7% | 32.8% | 54.5% | 29.3% | 36.4% | 42.5% | 53.6% |
| Capex / depreciation | 0.60 | 0.60 | 0.57 | 0.68 | 0.51 | 0.47 | 0.96 | 1.21 | 1.12 | 1.06 |
| Stock-based compensation / revenue | 1.2% | 0.5% | 0.6% | 0.6% | 0.7% | 0.6% | 0.8% | 0.7% | 0.3% | 0.3% |
| R&D / revenue | 3.2% | 3.6% | 4.1% | 4.0% | 4.2% | 4.6% | 5.4% | 5.4% | 4.1% | 4.2% |
| SG&A / revenue | 6.9% | 7.2% | 8.4% | 8.3% | 4.8% | 9.8% | 18.8% | 20.4% | 10.3% | 10.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 118.1 | 109.7 | 115.5 | 113.4 | 114.0 | 104.5 | 124.6 | 159.6 | 73.4 | 70.6 |
| Days of inventory on hand | 67.3 | 68.6 | 71.9 | 67.6 | 65.4 | 70.1 | 100.9 | 132.7 | 76.7 | 74.1 |
| Days payables outstanding | 74.2 | 65.9 | 66.1 | 63.7 | 61.2 | 62.5 | 99.7 | 137.3 | 70.4 | 63.2 |
| Cash conversion cycle (days) | 111.2 | 112.3 | 121.3 | 117.3 | 118.2 | 112.1 | 125.8 | 155.0 | 79.7 | 81.5 |
| Receivables turnover | 3.09 | 3.33 | 3.16 | 3.22 | 3.20 | 3.49 | 2.93 | 2.29 | 4.97 | 5.17 |
| Payables turnover | 4.92 | 5.54 | 5.52 | 5.73 | 5.97 | 5.84 | 3.66 | 2.66 | 5.18 | 5.78 |
| Inventory turnover | 5.42 | 5.32 | 5.08 | 5.40 | 5.58 | 5.21 | 3.62 | 2.75 | 4.76 | 4.93 |
| Asset turnover | 0.53 | 0.50 | 0.43 | 0.42 | 0.40 | 0.38 | 0.33 | 0.30 | 0.64 | 0.65 |
| Average receivables | $28.67B | $24.26B | $21.81B | $20.83B | $20.10B | $16.20B | $15.48B | $15.18B | $12.04B | $11.07B |
| Average payables | $14.40B | $11.80B | $10.30B | $9.32B | $8.70B | $8.23B | $9.45B | $10.33B | $8.53B | $7.18B |
| Average inventory | $13.07B | $12.27B | $11.20B | $9.90B | $9.29B | $9.23B | $9.56B | $9.98B | $9.29B | $8.42B |
| Intangibles / total assets | 49.8% | 52.9% | 55.0% | 57.1% | 57.6% | 58.5% | 43.8% | 55.5% | 45.2% | 47.6% |
Computed from RTX's annual financial statements (latest annual report filed February 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RTX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), RTX traded at 37.0 times earnings, against a 10-year median of 28.9. Based on the latest twelve months, the trailing P/E is 34.1 and the forward P/E is 24.6. RTX earned a return on equity of 10.7% and a return on invested capital of 7.7% in fiscal 2025. It ended the year with $39.5 billion of debt and $7.4 billion in cash and short-term investments, net debt of $32.1 billion. It returned $3.6 billion to shareholders: $3.6 billion in dividends and $50.0 million in share buybacks, 46% of free cash flow. The share count rose 64.2% from 826.0M to 1.36B over 9 years.
See the RTX income statement, the RTX chart for price history, or the RTX stock overview for the latest quote and news.
RTX key metrics FAQ
What is RTX's P/E ratio?
RTX's trailing P/E ratio is 34.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.6. At the end of fiscal 2025 it was 37.0, compared with a 10-year median of 28.9.
What is RTX's EV/EBITDA?
RTX's enterprise value was 18.8 times EBITDA at the end of fiscal 2025 (enterprise value $280.8 billion, EBITDA $14.9 billion); the current EV/EBITDA is 17.9.
What is RTX's return on equity?
RTX's return on equity (ROE) was 10.7% in fiscal 2025: net income of $6.7 billion on average shareholders' equity of $62.7 billion.
What is RTX's ROIC?
RTX's return on invested capital was 7.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does RTX have?
RTX had total debt of $39.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.61 and $32.1 billion of net debt (2.15 times EBITDA).
What is RTX's dividend yield?
RTX's forward dividend yield is 1.51%. RTX paid $3.6 billion in dividends in fiscal 2025 ($2.63 per share), a payout ratio of 53.1%.
Does RTX buy back its shares?
Yes. RTX spent $50.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.0% over the year, to 1.36B..
What is RTX's free cash flow yield?
RTX generated $7.9 billion of free cash flow in fiscal 2025, a free cash flow yield of 3.2% on its market value at year-end ($248.8 billion).
What is RTX's current ratio?
RTX's current ratio was 1.03 at the end of fiscal 2025: current assets were 1.03 times current liabilities.