15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 8.3% per year over the past 5 years.
Free cash flow has grown 17.6% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-0.9% vs 8.3% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 53.1% of earnings and 45.0% of free cash flow.
The dividend has grown 5.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$88.6B
$6.7B
0.0%
10.5%
$7.9B
—
$7.4B
2024
$80.7B
$4.8B
0.0%
8.1%
$4.5B
$41.3B
$5.6B
2023
$68.9B
$3.2B
0.0%
5.2%
$5.5B
$43.8B
$6.6B
2022
$67.1B
$5.2B
0.0%
8.2%
$4.9B
$31.9B
$6.2B
2021
$64.4B
$3.9B
0.0%
8.0%
—
$31.5B
$7.8B
2020
—
-$3.5B
—
—
—
$31.8B
$8.8B
2019
—
$5.5B
—
—
—
$43.3B
$4.9B
2018
—
$5.3B
—
—
—
$45.2B
$3.7B
2017
—
$4.6B
—
—
—
$27.5B
$6.1B
2016
—
$5.1B
—
—
—
$23.9B
$7.2B
2015
—
$7.6B
—
—
—
$20.4B
$7.1B
2014
—
$6.2B
—
—
—
$19.7B
$5.2B
2013
—
$5.7B
—
—
—
$20.2B
$4.6B
2012
—
$5.1B
—
—
—
$23.2B
—
2011
—
$5.0B
—
—
—
$10.3B
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$22.1B
$2.1B
0.0%
11.6%
$1.3B
—
$6.8B
Dec '25
$24.2B
$1.6B
0.0%
10.7%
$3.2B
—
$7.4B
Sep '25
$22.5B
$1.9B
0.0%
11.2%
$4.0B
—
$6.0B
Jun '25
$21.6B
$1.7B
0.0%
9.9%
-$72M
—
$4.8B
Mar '25
$20.3B
$1.5B
0.0%
10.0%
$792M
—
$5.2B
Dec '24
$21.6B
$1.5B
0.0%
9.8%
$492M
$41.3B
$5.6B
Sep '24
$20.1B
$1.5B
0.0%
10.1%
$2.0B
—
$6.7B
Jun '24
$19.7B
$111M
0.0%
2.7%
$2.2B
—
$6.0B
Mar '24
$19.3B
$1.7B
0.0%
9.7%
-$125M
—
$5.6B
Dec '23
$19.9B
$1.4B
0.0%
8.9%
$3.9B
$43.8B
$6.6B
Sep '23
$13.5B
-$984M
0.0%
-10.4%
$2.8B
—
$5.5B
Jun '23
$18.3B
$1.3B
0.0%
8.2%
$193M
—
$5.4B
Mar '23
$17.2B
$1.4B
0.0%
9.8%
-$1.4B
—
$5.9B
Dec '22
$18.1B
$1.4B
0.0%
8.2%
—
$31.9B
$6.2B
Sep '22
$17.0B
$1.4B
0.0%
9.0%
$263M
—
$5.4B
Jun '22
—
$1.3B
—
—
$807M
—
$4.8B
Mar '22
—
$1.1B
—
—
$37M
—
$6.0B
Dec '21
—
$686M
—
—
—
$31.5B
$7.8B
Sep '21
—
$1.4B
—
—
—
—
$7.5B
Jun '21
—
$1.0B
—
—
—
—
$8.1B
Valuation over time
How the market has priced RTX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 25.4× (Mar '23) to 37.3× (Jun '26).
The price-to-sales ratio has risen from 2.0× (Mar '23) to 2.8× (Jun '26).
The dividend yield has fallen from 2.4% (Mar '23) to 1.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is RTX growing its revenue and profit?
Over the past 5 years, RTX's revenue has grown 8.3% per year. These are computed facts, not advice.
How much debt does RTX have?
As of FY2025, RTX reported — of total debt against $7.4B of cash.
What is RTX's profit margin?
In FY2025, gross margin was —, operating margin 10.5%, and net margin 7.6%.
What is RTX's P/E ratio?
As of Jun '26, RTX traded at a price-to-earnings ratio of about 37.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.