RTX Corporation

RTXUS

RTX Corporation, a major player in the aerospace and defense sectors, provides sophisticated systems and extensive services to a diverse global clientele. This includes commercial entities, military organizations, and government agencies, both within the United States and internationally. The company's operations are divided into three primary business units: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace segment delivers a broad range of aerospace and defense products, alongside comprehensive aftermarket support solutions. Its customer base spans manufacturers of civil and military aircraft, commercial airlines, and operators in regional, business, general aviation, defense, and commercial space ventures. This division's offerings cover the design, production, and maintenance of aircraft interior components, such as oxygen systems, food and beverage preparation and storage facilities, galley systems, and lavatory and wastewater management. It also supplies battlespace management tools, test and training range infrastructure, crew escape mechanisms, simulation and training programs, and essential information management services. Its post-sales services include providing spare parts, overhaul and repair, specialized engineering and technical assistance, training and fleet management, and integrated asset and information management. Pratt & Whitney, another core segment, is a leading provider of aircraft propulsion systems for commercial airliners, military aircraft, business jets, and general aviation. This division is also responsible for manufacturing, selling, and maintaining auxiliary power units for both military and commercial applications. Finally, the Raytheon segment specializes in creating advanced capabilities for the detection, tracking, and mitigation of both defensive and offensive threats. Its tailored solutions serve the U.S. government, foreign governments, and various commercial customers. Established in 1934, the company was formerly known as Raytheon Technologies Corporation before officially rebranding as RTX Corporation in July 2023. RTX Corporation maintains its corporate headquarters in Arlington, Virginia.

Founded1934IPO year1952As of2026-08-04
Market Cap
$294.41B
Enterprise Value
$324.96B
EV / LTM Revenue
3.7x
EV / NTM Revenue
3.2x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
3.2x
Gross Profit
15.9x
EBITDA
20.1x
Classification
Sector
Industrial, Aerospace & Defense
Sub-sector
Aerospace & Defense
Listing
RTX
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY4%3%17%10%8%7%
Revenue$64.39B$67.07B$68.92B$80.74B$88.60B$96.07B$103.20B
Gross Profit$12.49B$13.67B$12.09B$15.41B$17.79B
Gross Profit Margin19.4%20.4%17.5%19.1%20.1%
EBITDA$10.78B$11.47B$9.70B$12.53B$14.95B$15.51B$16.66B
EBITDA Margin16.7%17.1%14.1%15.5%16.9%16.1%16.1%
EBIT$4.96B$5.45B$3.56B$6.54B$9.30B$9.81B$10.54B
Net Income$3.86B$5.20B$3.19B$4.77B$6.73B$9.82B$10.67B
Free Cash Flow$4.75B$4.54B$4.93B$4.09B$7.94B
FCF Margin7.4%6.8%7.2%5.1%9.0%
Short-Term Debt$158M$1.22B$1.47B$2.54B$3.62B
Long-Term Debt$31.33B$30.69B$42.35B$38.73B$34.29B
Cash & Cash Equivalents$7.83B$6.22B$6.59B$5.58B$7.43B
Net Debt$23.65B$25.69B$37.24B$35.68B$30.47B
Net Debt / EBITDA2.2x2.2x3.8x2.8x2.0x
Rule of 4010.9%9.9%22.2%18.7%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.