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RTX

RTX on NYSE. RTX sells aerospace and defense systems and services to commercial, military, and government customers. Market value $248.4bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Industrials stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
4.6%fair

For every $100 of what the whole company costs, it produced $4.62 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
26.3×full

You pay 26.3 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
4.4%five-year median

Each dollar kept in the business earns 4 cents a year. Above 10 is good.

Quality score: 76 of 100. Price score: 49 of 100. Our list needs 70 on quality and 60 on price.

$183.29 a share, 18% above its 1-year low

Over the past year the price has ranged from $155.64 to $226.88.

Dividend: 1.4% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

5.0
4.9
5.5
4.5
7.9
11.4
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: $11.4 billion in the past 12 months, $7.9 billion in the year to December 2025.

Revenue
$64.4bn$67.1bn$68.9bn$80.7bn$88.6bn
Operating margin
8.0%8.2%5.2%8.1%10.5%
Debt to equity
0.430.440.730.690.58
Shares outstanding
1.47bn1.44bn1.33bn1.34bn1.35bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)7 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.58× equity
  • Revenue growth, five yearsSlow, 9.4% a year
  • Buying back its own sharesYes, 8% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $24.7 billion last quarter, up 14% on a year ago.
  • Profit: $2.1 billion, up 29% on a year ago.
  • It keeps 11 cents of each $1 of sales as operating profit, up from 10 cents a year earlier.
  • Spare cash over the past 12 months: $11.4 billion, up from $3.2 billion.
  • 1% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $29.1 billion more than cash, down from $37.2 billion a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$20.1bn
December 2024$21.6bn
March 2025$20.3bn
June 2025$21.6bn
September 2025$22.5bn
December 2025$24.2bn
March 2026$22.1bn
June 2026$24.7bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$1.5bn
December 2024$1.5bn
March 2025$1.5bn
June 2025$1.7bn
September 2025$1.9bn
December 2025$1.6bn
March 2026$2.1bn
June 2026$2.1bn

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
20 October 2026
Last annual report (10-K)
6 February 2026
Next quarterly (estimated, 10-Q)
22 October 2026

Who owns it

19 long-term investors we follow own it, down from 21 last quarter. 3,456 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 9 sold $42m.

  • Maharajh Ramsaran
    EVP and General Counsel
    Sold
    Date
    18 August 2026
    Shares
    13,655
    Price
    $223.92
    Value
    $3m
  • DaSilva Kevin G
    Senior VP and Treasurer
    Sold
    Date
    28 July 2026
    Shares
    2,250
    Price
    $216.93
    Value
    $488,097
  • Atkinson Tracy A
    Director
    Sold
    Date
    27 July 2026
    Shares
    2,295
    Price
    $218.05
    Value
    $500,424
  • Brunk Troy D
    President, Collins Aerospace
    Sold
    Date
    24 July 2026
    Shares
    8,557
    Price
    $210.29
    Value
    $2m
  • DaSilva Kevin G
    Senior VP and Treasurer
    Sold
    Date
    24 July 2026
    Shares
    4,760
    Price
    $213.62
    Value
    $1m
  • Williams Dantaya M
    EVP & Chief HR Officer
    Sold
    Date
    23 February 2026
    Shares
    12,713
    Price
    $202.83
    Value
    $3m
  • Mitchill Neil G. JR
    EVP, Chief Financial Officer
    Sold
    Date
    19 February 2026
    Shares
    35,755
    Price
    $205.57
    Value
    $7m
  • Maharajh Ramsaran
    EVP and General Counsel
    Sold
    Date
    19 February 2026
    Shares
    15,124
    Price
    $204.65
    Value
    $3m
  • Calio Christopher T.
    Chairman, President and CEO, Director
    Sold
    Date
    19 February 2026
    Shares
    63,568
    Price
    $203.80
    Value
    $13m
  • DaSilva Kevin G
    Senior VP and Treasurer
    Sold
    Date
    13 February 2026
    Shares
    8,136
    Price
    $201.30
    Value
    $2m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • It isn't cheap on profits: 26.3× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.