RTX Corporation (RTX) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Aerospace & Defense
EV/EBITDA
↑
21.88
+11% vs avg
5yr avg: 19.66
30Y Low4.3·High23.0
P/FCF
↑
31.48
+3% vs avg
5yr avg: 30.54
30Y Low6.1·High119.3
P/B Ratio
↑
3.75
↑+57% vs avg
5yr avg: 2.39
30Y Low1.2·High3.7
ROE
↑
10.4%
↓+49% vs avg
5yr avg: 7.0%
30Y Low-6%·High25%
Debt/EBITDA
↓
3.07
↓-26% vs avg
5yr avg: 4.12
30Y Low0.7·High6.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RTX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
RTX Corporation trades at 37.4x earnings, 10% above its 5-year average of 34.0x, sitting at the 97th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 46%. On a free-cash-flow basis, the stock trades at 31.5x P/FCF, roughly in line with the 5-year average of 30.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $249.9B | $248.8B | $155.5B | $120.8B | $150.0B | $129.8B | $97.1B | $76.3B | $50.9B | $60.1B | $53.4B |
| Enterprise Value | $282.0B | $280.8B | $192.8B | $159.4B | $177.2B | $155.1B | $121.6B | $116.3B | $90.3B | $78.6B | $70.2B |
| P/E Ratio → | 37.42 | 36.98 | 32.60 | 37.73 | 28.83 | 33.62 | — | 13.78 | 9.66 | 13.20 | 10.57 |
| P/S Ratio | 2.82 | 2.81 | 1.93 | 1.75 | 2.24 | 2.02 | 1.71 | 1.68 | 0.77 | 1.01 | 0.93 |
| P/B Ratio | 3.75 | 3.71 | 2.51 | 1.97 | 2.02 | 1.74 | 1.31 | 1.72 | 1.25 | 1.91 | 1.81 |
| P/FCF | 31.48 | 31.33 | 34.29 | 25.60 | 34.14 | 27.34 | 59.24 | 12.16 | 12.65 | 18.57 | 29.66 |
| P/OCF | 23.65 | 23.54 | 21.72 | 15.32 | 20.92 | 18.36 | 26.93 | 8.59 | 8.05 | 10.68 | 13.77 |
P/E links to full P/E history page with 30-year chart
RTX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
RTX Corporation's enterprise value stands at 21.9x EBITDA, 11% above its 5-year average of 19.7x. The Industrials sector median is 13.8x, placing the stock at a 58% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.17 | 2.39 | 2.31 | 2.64 | 2.41 | 2.15 | 2.56 | 1.36 | 1.31 | 1.22 |
| EV / EBITDA | 21.88 | 21.79 | 18.07 | 21.66 | 19.39 | 17.36 | 22.98 | 16.44 | 9.50 | 8.98 | 7.23 |
| EV / EBIT | 31.73 | 31.60 | 28.91 | 45.88 | 32.92 | 33.24 | 86.82 | 25.06 | 12.40 | 11.66 | 8.97 |
| EV / FCF | — | 35.37 | 42.52 | 33.80 | 40.35 | 32.67 | 74.21 | 18.53 | 22.45 | 24.29 | 38.95 |
RTX Profitability
Margins and return-on-capital ratios measuring operating efficiency
RTX Corporation earns an operating margin of 10.0%, above the Industrials sector average of 4.3%. Operating margins have expanded from 5.0% to 10.0% over the past 3 years, signaling improving operational efficiency. ROE of 10.4% is modest. ROIC of 6.7% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.1% | 20.1% | 19.1% | 17.5% | 20.4% | 19.4% | 15.9% | 23.8% | 25.0% | 26.1% | 28.1% |
| Operating Margin | 10.0% | 10.0% | 8.3% | 5.0% | 8.0% | 7.3% | 2.5% | 10.2% | 11.0% | 11.3% | 13.6% |
| Net Profit Margin | 7.6% | 7.6% | 5.9% | 4.6% | 7.7% | 6.0% | -6.2% | 12.2% | 7.9% | 7.6% | 8.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.4% | 10.4% | 7.7% | 4.7% | 7.0% | 5.2% | -6.0% | 13.0% | 14.6% | 14.9% | 17.3% |
| ROA | 4.0% | 4.0% | 2.9% | 2.0% | 3.2% | 2.4% | -2.3% | 4.0% | 4.6% | 4.9% | 5.7% |
| ROIC | 6.7% | 6.7% | 5.0% | 2.6% | 4.0% | 3.5% | 1.2% | 4.2% | 8.4% | 10.5% | 13.3% |
| ROCE | 7.9% | 7.9% | 5.9% | 3.0% | 4.4% | 3.7% | 1.3% | 4.7% | 8.3% | 9.6% | 11.8% |
RTX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
RTX Corporation carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (5% below the sector average of 3.2x). Net debt stands at $32.1B ($39.5B total debt minus $7.4B cash). Interest coverage of 4.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.59 | 0.59 | 0.69 | 0.74 | 0.45 | 0.44 | 0.45 | 1.01 | 1.12 | 0.87 | 0.81 |
| Debt / EBITDA | 3.07 | 3.07 | 4.02 | 6.15 | 3.66 | 3.71 | 6.30 | 6.35 | 4.79 | 3.14 | 2.46 |
| Net Debt / Equity | — | 0.48 | 0.60 | 0.63 | 0.37 | 0.34 | 0.33 | 0.90 | 0.97 | 0.59 | 0.57 |
| Net Debt / EBITDA | 2.49 | 2.49 | 3.50 | 5.25 | 2.98 | 2.83 | 4.64 | 5.65 | 4.15 | 2.11 | 1.73 |
| Debt / FCF | — | 4.04 | 8.23 | 8.19 | 6.21 | 5.33 | 14.97 | 6.37 | 9.80 | 5.72 | 9.30 |
| Interest Coverage | 4.84 | 4.84 | 3.39 | 2.10 | 4.14 | 3.51 | 1.00 | 2.71 | 6.16 | 6.63 | 6.74 |
RTX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.03x means RTX Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.03 | 1.03 | 0.99 | 1.04 | 1.09 | 1.19 | 1.21 | 1.32 | 1.13 | 1.35 | 1.30 |
| Quick Ratio | 0.80 | 0.80 | 0.74 | 0.78 | 0.81 | 0.93 | 0.95 | 1.13 | 0.81 | 0.94 | 0.91 |
| Cash Ratio | 0.13 | 0.13 | 0.11 | 0.14 | 0.16 | 0.22 | 0.25 | 0.11 | 0.20 | 0.37 | 0.33 |
| Asset Turnover | — | 0.52 | 0.50 | 0.43 | 0.42 | 0.40 | 0.35 | 0.33 | 0.50 | 0.62 | 0.64 |
| Inventory Turnover | 5.30 | 5.30 | 5.12 | 4.83 | 5.03 | 5.65 | 5.06 | 3.82 | 4.94 | 4.47 | 4.74 |
| Days Sales Outstanding | — | 130.97 | 115.49 | 121.69 | 112.33 | 119.22 | 123.57 | 106.16 | 97.49 | 76.88 | 72.99 |
RTX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
RTX Corporation returns 1.4% to shareholders annually — split between a 1.4% dividend yield and 0.0% buyback yield. A payout ratio of 53.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 1.4% | 2.1% | 2.7% | 2.1% | 2.3% | 2.8% | 3.2% | 4.3% | 3.5% | 3.9% |
| Payout Ratio | 53.1% | 53.1% | 67.4% | 101.4% | 60.2% | 76.5% | — | 44.1% | 41.2% | 45.6% | 40.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.7% | 3.1% | 2.7% | 3.5% | 3.0% | — | 7.3% | 10.4% | 7.6% | 9.5% |
| FCF Yield | 3.2% | 3.2% | 2.9% | 3.9% | 2.9% | 3.7% | 1.7% | 8.2% | 7.9% | 5.4% | 3.4% |
| Buyback Yield | 0.0% | 0.0% | 0.3% | 10.7% | 1.9% | 1.8% | 0.0% | 0.2% | 0.6% | 2.4% | 4.2% |
| Total Shareholder Yield | 1.4% | 1.5% | 2.4% | 13.3% | 4.0% | 4.1% | 2.9% | 3.4% | 4.9% | 5.9% | 8.1% |
| Shares Outstanding | — | $1.4B | $1.3B | $1.4B | $1.5B | $1.5B | $1.4B | $864M | $810M | $799M | $826M |
Peer Comparison
Compare RTX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RTXYou | $250B | 37.4 | 21.9 | 31.5 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 NOC | $74B | 17.9 | 15.5 | 22.4 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 GD | $95B | 22.6 | 16.9 | 23.9 | 15.1% | 10.2% | 17.7% | 12.5% | 1.6 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 HII | $11B | 18.5 | 14.5 | 14.2 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 LHX | $55B | 34.6 | 18.8 | 20.5 | 25.7% | 10.0% | 8.2% | 5.4% | 3.1 |
 TDG | $75B | 41.4 | 22.6 | 41.3 | 60.1% | 47.2% | — | 20.9% | 6.6 |
 GE | $374B | 43.8 | 38.2 | 51.4 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
 HWM | $111B | 74.8 | 47.0 | 77.6 | 30.7% | 25.8% | 30.4% | 21.1% | 1.3 |
 SPR | $5B | -2.2 | — | — | -21.7% | -28.3% | — | -50.9% | — |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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RTX — Frequently Asked Questions
Quick answers to the most common questions about buying RTX stock.
What is RTX Corporation's P/E ratio?
RTX Corporation's current P/E ratio is 37.4x. The historical average is 15.4x. This places it at the 97th percentile of its historical range.
What is RTX Corporation's EV/EBITDA?
RTX Corporation's current EV/EBITDA is 21.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.6x.
What is RTX Corporation's ROE?
RTX Corporation's return on equity (ROE) is 10.4%. The historical average is 17.2%.
Is RTX stock overvalued?
Based on historical data, RTX Corporation is trading at a P/E of 37.4x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is RTX Corporation's dividend yield?
RTX Corporation's current dividend yield is 1.42% with a payout ratio of 53.1%.
What are RTX Corporation's profit margins?
RTX Corporation has 20.1% gross margin and 10.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does RTX Corporation have?
RTX Corporation's Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.