RTXRTX

RTXRTX

Revenue: is the business selling more than it used to?

$88.6B+10% YoYFY 2025

→Revenue reached $88.6B in 2025, compounding +10% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $93.5B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Net income: how much of that revenue becomes profit?

$6.7B+41% YoYFY 2025

→Net income was $6.7B in 2025, compounding +9% a year over three years. Earnings per share moved +26% over the last twelve months. Trailing twelve-month profit stands at $7.7B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

How fast is it growing, year by year?

+9.7%revenue growth, FY 2025

→Revenue grew +10% in 2025 against a five-year average of +10%. Earnings grew faster (+41%), so each new dollar of sales is arriving more profitably.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Revenue per share: is your slice growing as fast as the company?

$65.32revenue per share, FY 2025

→Revenue per share reached $65.32 in 2025, compounding +13% a year against +10% for RTX as a whole. Buybacks added roughly 3.4 points to your per-share result. Free cash flow per share stands at $5.85.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Free cash flow: what is left in real cash after everything?

$7.9B+75% YoYFY 2025

→Free cash flow was $7.9B in 2025, compounding +18% a year since 2022. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $11.4B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

How much of every sales dollar ends up as free cash?

→9 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is research and development, at 3% of revenue (capital spending 3%, stock compensation 1%). That share has fallen since 2022, so the cost of competing is easing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in 3 of the last 5 years, most recently +42% against +10%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin widened 2 points to 10% since 2022. After everything, 8 cents of each sales dollar reaches net profit. RTX doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

What does it earn on the money it uses?

→ROE of 12% and ROCE of 8% sit close together, so the returns come from the business itself rather than from borrowing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

What has the market paid for RTX over time?

35.2xP/E today

→At 35.2x earnings, the market is paying +44% more than RTX's own 10-year median of 24.5x. Expectations are elevated, so more has to go right to justify the price.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

What cash return does the business throw off per dollar of market value?

4.2%FCF yield today

→Every dollar of market value currently buys 4.2% of annual free cash flow, right at RTX's 11-year median of 4.0%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Could it handle its debt if things went wrong?

→Debt of $32.1B sits against $8.3B of cash, or 0.5x shareholders' equity. Earnings cover interest 5.6 times - adequate, with less room than it looks in a downturn.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Is the company's own capital growing?

→The company's own capital grew from $59.8B in 2023 to $66.4B (+11%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

How much goes back, and how much leaks out as stock comp?

→Shareholders received $50M in buybacks and $3.6B in dividends in 2025. Stock compensation issued $519M of new shares in the same year, offsetting 14% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

How fast is your ownership being diluted - or concentrated?

→The share count grew 1.0% in 2025. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Is the dividend cheque growing?

→The dividend per share reached $2.63 in 2025, compounding +6% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Can it afford the dividend?

→The dividend consumed 53% of profit and 45% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Does RTX earn more on its capital than that capital costs?

→RTX earns 8.3% on the capital it employs, below the 10% most investors treat as the cost of capital. It was 4.6% in 2022, so the trend is up, and the pace is picking up.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

RTX has issued or retired shares - did shareholders end up better off?

→RTX's share count rose +50% from 2011 to 2025 while revenue per share grew +6%. Holders are further ahead than before, though the gain per share is smaller than the growth in the business.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

RTXRTX

Are the people running it buying or selling?

→Insiders sold $42M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 42 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30