RTX
RTX Corporation
RTX's fundamentals are strong: free cash flow grew 81% and revenue grew 12%. At 32x earnings, it's trading in line with its usual 35x. Analysts expect that strong growth to continue.
RTX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
RTX's revenue, profitability, cash flow and balance sheet are all currently healthy.
RTX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $158 | -20% |
| Forward | 26x | $198 | — |
| Current | 32x | $198 | — |
| Fair | 35x | $215 | +8.2% |
| Expensive | 41x | $252 | +27% |
Historical ranges are pointers, not guarantees.
RTX's PE is in its cheap range at 32x. If earnings grow as analysts expect, today's price would be 26x next year's earnings.
RTX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RTX, with profitability improving.
RTX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.78 | +26% |
| Q3 2026 | $6.16 | +26% |
| Q2 2026 | $5.68 | +25% |
| Q1 2026 | $5.33 | +56% |
| Q4 2025 | $4.96 | +40% |
| Q3 2025 | $4.87 | +40% |
| Q2 2025 | $4.55 | +165% |
| Q1 2025 | $3.41 | +34% |
| Q4 2024 | $3.55 | +59% |
RTX's earnings per share have climbed steadily: $6.16 over the past year, up 26% from the year before, and higher year over year for nine quarters in a row.
RTX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $25B | +11% |
| Q2 2026 | $24.7B | +14% |
| Q1 2026 | $22.1B | +8.7% |
| Q4 2025 | $24.2B | +12% |
| Q3 2025 | $22.5B | +12% |
| Q2 2025 | $21.6B | +9.4% |
| Q1 2025 | $20.3B | +5.2% |
| Q4 2024 | $21.6B | +8.5% |
RTX's revenue has grown year over year for 12 quarters in a row: $25B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.1 points |
| Q2 2026 | 11% | +1.4 points |
| Q1 2026 | 12% | +1.6 points |
| Q4 2025 | 11% | +1 points |
| Q3 2025 | 11% | +1.1 points |
| Q2 2025 | 9.9% | +7.3 points |
| Q1 2025 | 10% | +0.3 points |
| Q4 2024 | 9.8% | +0.8 points |
RTX's operating margin was 13% last quarter, up 2.1 points from the same quarter a year ago, near the top of its range since 2019.
RTX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.1B | -47% |
| Q2 2026 | $2.9B | +$3B |
| Q1 2026 | $1.3B | +65% |
| Q4 2025 | $3.2B | +549% |
| Q3 2025 | $4B | +104% |
| Q2 2025 | -$72M | -103% |
| Q1 2025 | $792M | +$917M |
| Q4 2024 | $492M | -87% |
RTX generated $9.5B in free cash flow over the past year, up 81% from the year before.
RTX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.1M shares |
| 1 year | +0.7% | +9.7M shares |
| 3 years | -5.5% | -80M shares |
| 5 years | -9.2% | -138M shares |
| Available history | -0.3% | -4.6M shares |
RTX has 1.4B diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $50M |
| Q4 2024 | $50M |
RTX hasn't bought back shares in the past year.
RTX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.8x | Healthy |
| Q2 2026 | 2.0x | Healthy |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.5x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.3x | Elevated |
RTX's net debt is about 1.8 years of its operating earnings (EBITDA), down from 2.5 years a year ago.
RTX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.3 | Neutral |
| Stochastic | 35.3 | Neutral |
RTX's weekly RSI is 52 (neutral) and its Stochastic is 35 (neutral).
RTX PE vs Industrials Sector
| Metric | RTX | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 34% above |
| PE % | 31 | 58 | 27 pts below |
RTX is trading at 32x earnings, a 34% premium to the Industrials sector's median of 24x.
RTX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $191.6 | 3.5% above |
| 20 week MA | $200.5 | 1.1% below |
| 50 week MA | $193.9 | 2.3% above |
| 100 week MA | $168.6 | 18% above |
| 200 week MA | $133.5 | 49% above |
RTX's trend is mixed: it's above four of its five weekly moving averages, and 49% above its 200-week average.
RTX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.6 | $70.3 | -21% |
| 2021 | $70.3 | $84.9 | +21% |
| 2022 | $84.9 | $99.3 | +17% |
| 2023 | $99.3 | $84.1 | -15% |
| 2024 | $84.1 | $116.7 | +39% |
| 2025 | $116.7 | $185.2 | +59% |
| 2026 YTD | $185.2 | $198.4 | +7.1% |
RTX has finished higher in four of the last six years. It's up 7.1% so far in 2026.