Financials RTX Corporation

Equities

RTX

US75513E1010

Aerospace & Defense

Market Closed - Nyse 04:00:01 2024-02-28 pm EST 5-day change 1st Jan Change
89.92 USD -0.55% Intraday chart for RTX Corporation -1.17% +6.87%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 127,850 107,863 129,019 148,530 120,714 119,764 - -
Enterprise Value (EV) 1 164,120 130,884 152,648 174,224 157,954 153,870 151,394 148,630
P/E ratio 23.4 x -27.6 x 33.6 x 28.8 x 37.7 x 21.4 x 18.3 x 16.2 x
Yield 1.96% 3.02% 2.33% 2.14% - 2.73% 2.94% 3.2%
Capitalization / Revenue 1.66 x 1.7 x 2 x 2.21 x 1.75 x 1.52 x 1.43 x 1.35 x
EV / Revenue 2.13 x 2.06 x 2.37 x 2.6 x 2.29 x 1.96 x 1.81 x 1.68 x
EV / EBITDA 11.5 x 12.8 x 12.9 x 14.6 x 12.1 x 11.8 x 11.1 x 10.1 x
EV / FCF 24.8 x 51.5 x 30.5 x 35.7 x 28.9 x 26.9 x 21.6 x 17.6 x
FCF Yield 4.04% 1.94% 3.28% 2.8% 3.46% 3.71% 4.64% 5.69%
Price to Book 3.07 x 1.51 x 1.76 x 2.04 x - 1.92 x 1.82 x 1.75 x
Nbr of stocks (in thousands) 853,698 1,508,369 1,499,176 1,471,758 1,434,680 1,324,527 - -
Reference price 2 149.8 71.51 86.06 100.9 84.14 90.42 90.42 90.42
Announcement Date 1/28/20 1/26/21 1/25/22 1/24/23 1/23/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 77,046 63,437 64,388 67,074 68,920 78,658 83,619 88,707
EBITDA 1 14,291 10,204 11,820 11,931 13,106 13,083 13,639 14,648
EBIT 1 10,508 5,796 7,263 7,823 8,895 9,730 11,009 12,099
Operating Margin 13.64% 9.14% 11.28% 11.66% 12.91% 12.37% 13.17% 13.64%
Earnings before Tax (EBT) 1 8,243 -2,353 4,931 6,027 3,836 7,198 8,471 9,363
Net income 1 5,537 -3,519 3,864 5,197 3,195 5,718 6,624 7,459
Net margin 7.19% -5.55% 6% 7.75% 4.64% 7.27% 7.92% 8.41%
EPS 2 6.410 -2.590 2.560 3.500 2.230 4.221 4.929 5.577
Free Cash Flow 1 6,627 2,539 5,008 4,880 5,468 5,714 7,022 8,464
FCF margin 8.6% 4% 7.78% 7.28% 7.93% 7.26% 8.4% 9.54%
FCF Conversion (EBITDA) 46.37% 24.88% 42.37% 40.9% 41.72% 43.67% 51.48% 57.78%
FCF Conversion (Net income) 119.69% - 129.61% 93.9% 171.14% 99.92% 106.01% 113.46%
Dividend per Share 2 2.940 2.160 2.005 2.160 - 2.464 2.657 2.892
Announcement Date 1/28/20 1/26/21 1/25/22 1/24/23 1/23/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 16,213 17,044 15,716 16,314 16,951 18,093 17,214 18,315 13,464 19,927 18,412 19,320 19,953 21,004 19,497
EBITDA 1 3,106 3,005 2,912 2,881 3,033 3,105 3,152 3,252 3,302 3,330 2,924 3,065 3,166 3,311 3,108
EBIT 1 1,948 1,861 1,898 1,882 1,986 2,057 2,118 2,208 2,228 2,271 2,237 2,346 2,480 2,697 2,538
Operating Margin 12.02% 10.92% 12.08% 11.54% 11.72% 11.37% 12.3% 12.06% 16.55% 11.4% 12.15% 12.15% 12.43% 12.84% 13.02%
Earnings before Tax (EBT) 1 1,476 867 1,242 1,498 1,637 1,650 1,781 1,572 -1,322 1,735 1,554 1,715 1,859 1,996 -
Net income 1 1,393 686 1,084 1,304 1,387 1,422 1,426 1,327 -984 1,426 1,249 1,361 1,437 1,520 1,432
Net margin 8.59% 4.02% 6.9% 7.99% 8.18% 7.86% 8.28% 7.25% -7.31% 7.16% 6.78% 7.05% 7.2% 7.24% 7.34%
EPS 2 0.9300 0.4600 0.7200 0.8800 0.9400 0.9600 0.9700 0.9100 -0.6800 1.050 0.9292 1.010 1.070 1.153 1.038
Dividend per Share 2 0.5100 0.5100 0.5100 1.100 0.5500 - 0.5500 - - - 0.5881 0.6249 0.6249 0.6232 0.6298
Announcement Date 10/26/21 1/25/22 4/26/22 7/26/22 10/25/22 1/24/23 4/25/23 7/25/23 10/24/23 1/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 36,270 23,021 23,629 25,694 37,240 34,106 31,630 28,867
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.538 x 2.256 x 1.999 x 2.154 x 2.841 x 2.607 x 2.319 x 1.971 x
Free Cash Flow 1 6,627 2,539 5,008 4,880 5,468 5,714 7,022 8,464
ROE (net income / shareholders' equity) 17.8% 7.26% 5.32% 7.13% 11% 12% 12.8% 13.8%
ROA (Net income/ Total Assets) 5.21% 2.74% 2.39% 3.25% 1.99% 3.99% 4.38% 4.58%
Assets 1 106,274 -128,346 161,775 160,134 160,367 143,419 151,219 162,750
Book Value Per Share 2 48.90 47.50 49.00 49.50 - 47.00 49.60 51.80
Cash Flow per Share 2 10.30 3.190 4.730 4.820 5.490 6.860 7.790 8.150
Capex 1 2,256 1,795 2,134 2,288 2,415 2,534 2,640 2,575
Capex / Sales 2.93% 2.83% 3.31% 3.41% 3.5% 3.22% 3.16% 2.9%
Announcement Date 1/28/20 1/26/21 1/25/22 1/24/23 1/23/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
25
Last Close Price
89.92 USD
Average target price
96.77 USD
Spread / Average Target
+7.62%
Consensus
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