RTX

Raytheon Technologies
D

RTX

Arincen77/100B

If you had invested in Raytheon Technologies ago, it would be worth $3,900 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

77/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Raytheon Technologies key facts

Style
Blend stock · 5.3/10Growth 5.3 · Value 4.9 · Dividend 5.0
Day range
196.490 – 199.565
52-week range
166.740 – 226.880
Market capitalization
266.91B USD
P/E
31.75
PEG ratio
1.92
EPS
6.23
Div Yield
1.48%
EPS growth forecast (FY2026)
+22.4%
Volume
8,330
Beta
0.30
ESG score
26.4/100Environment 26 · Social 28 · Governance 25
Sector
Industrials
Industry
Aerospace & Defense
CEO
Christopher T. Calio
Employees
180K
Website
rtx.com
IPO date
15 Sept 1952

Raytheon Technologies earnings

Next earnings · Q4 FY2026
EPS estimate
1.82 USD
Revenue estimate
25.91B USD
Last quarter · Q3 FY2026
EPS2.26Beat +27.0%Revenue24.97BBeat +3.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20282.31———28.65B———
Q1 FY20282.04——+12.69%25.58B——+7.56%
Q1 FY20271.81——+1.93%23.78B——+7.73%
Q4 FY20261.82——+17.42%25.91B——+6.89%
Q3 FY20261.782.26+26.97%+32.94%24.11B24.97B+3.55%+11.06%
Q2 FY20261.661.89+13.86%+21.15%22.89B24.71B+7.93%+14.49%
Q1 FY20261.511.78+17.88%+21.09%21.46B22.08B+2.87%+8.72%
Q4 FY20251.471.55+5.44%+0.65%22.69B24.24B+6.80%+12.09%
Q3 FY20251.411.70+20.57%+17.24%21.30B22.48B+5.53%+11.89%
Q2 FY20251.441.56+8.33%+10.64%20.64B21.58B+4.58%+9.43%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Raytheon Technologies analyst forecast

12-month price target
232.18 USD
+17.39%

Analysts' 1-year price targets range from 208.00 to 250.00, with an average of 232.18.

Past year
1-year forecast
Strong sellStrong buy
Buy
11 ratings
Buy
8
Hold
3
Sell
0

12-month price target

Highest target250.00
Average target232.18
Lowest target208.00
Current price197.79

Raytheon Technologies valuation

Price to earnings ratio (TTM)
31.75
Forward P/E (FY2026)
25.73
Price to sales (TTM)
2.78
Price to book
3.85
EV / EBITDA (TTM)
17.64

Capital structure

Market capitalization
266.91B USD
+
Total debt
38.88B USD
−
Cash and short-term investments
9.17B USD
=
Enterprise value
296.62B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)21.90————
FY2027 (est.)24.3821.90———
FY2026 (est.)25.7324.38———
Now (TTM)31.7524.552.783.8517.64
FY202536.5323.872.783.7718.61
FY202432.3218.641.912.5615.28
FY202337.5615.091.742.0116.35
FY202228.6720.182.222.0515.29
FY202133.4918.102.011.7714.05

Raytheon Technologies against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: GE Aerospace, Lockheed Martin, The Boeing, General Dynamics, Howmet Aerospace, and Northrop Grumman, the US Aerospace & Defense companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median31.7
    18.372.5
  • Gross marginAbove its median20.1%
    17.5%20.4%
    Against its peers: 3 of 7Peers' median 17.5%
  • Operating marginHighest in 5 years10.5%
    5.2%10.5%
    Against its peers: 3 of 7Peers' median 10.3%
  • Net marginAbove its median7.6%
    4.6%7.7%
    Against its peers: 5 of 7Peers' median 9.0%
  • Return on equityHighest in 5 years10.3%
    5.3%10.3%
    Against its peers: 7 of 7Peers' median 34.6%
  • Free cash flow marginHighest in 5 years8.4%
    5.6%8.4%
    Against its peers: 4 of 7Peers' median 8.5%
  • Revenue growthAt its median9.7%
    2.8%17.1%
    Against its peers: 5 of 7Peers' median 10.6%
  • EPS growthAbove its median39.7%
    -36.3%59.2%
    Against its peers: 1 of 6Peers' median 13.4%
  • Debt to EBITDALowest in 5 years2.64×
    2.64×4.66×
    Against its peers: 6 of 7Peers' median 2.09×
  • Current ratioBelow its median1.03
    0.991.19
    Against its peers: 7 of 7Peers' median 1.14

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Raytheon Technologies growth and profitability

Revenue (TTM)
95.99B USD
Net income (TTM)
8.53B USD
Gross margin
21.10%
Operating margin
11.77%
Net margin
8.88%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202588.60B+9.74%6.73B+41.01%20.08%10.50%7.60%14.95B+19.30%
FY202480.74B+17.15%4.77B+49.42%19.09%8.10%5.91%12.53B+29.15%
FY202368.92B+2.75%3.20B-38.52%17.54%5.17%4.64%9.70B-15.84%
FY202267.07B+4.17%5.20B+34.50%20.38%8.21%7.75%11.53B+4.81%
FY202164.39B+13.79%3.86B—19.40%7.98%6.00%11.00B+242.45%

Raytheon Technologies revenue breakdown

By product

FY2025
Pratt and Whitney: 36.1%Collins Aerospace Systems: 33.1%Raytheon Intelligence & Space: 30.8%36.1%Pratt and Whitney33.1%Collins Aerospace Systems30.8%Raytheon Intelligence & Space
SegmentRevenueShare of revenueChange on the year
Pratt and Whitney32.92B36.1%+17.3%
Collins Aerospace Systems30.20B33.1%+6.8%
Raytheon Intelligence & Space28.04B30.8%+5.0%

By region

FY2025
Geographic Distribution, Domestic: 64.4%Europe: 16.2%Asia Pacific: 11.9%Other: 4.4%Middle East And North Africa: 3.1%64.4%Geographic Distribution, Domestic16.2%Europe11.9%Asia Pacific4.4%Other3.1%Middle East And North Africa
RegionRevenueShare of revenueChange on the year
Geographic Distribution, Domestic74.78B64.4%—
Europe18.80B16.2%+17.7%
Asia Pacific13.78B11.9%+26.5%
Other5.11B4.4%+18.2%
Middle East And North Africa3.62B3.1%+4.7%

How Raytheon Technologies makes its money

Revenue88.60B 100.0%
Cost of revenue70.81B 79.9%
Gross profit17.79B 20.1%
Research and development2.81B 3.2%
Selling and administration6.10B 6.9%
Operating income9.30B 10.5%
Tax1.66B 1.9%
Other expense904.00M 1.0%
Net income6.73B 7.6%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Raytheon Technologies dividends

Annual dividend
2.92 USD
Dividend yield (indicated)
1.48%
Payout ratio
56.98%
Years of dividend growth
33
Frequency
Quarterly
Next payment
0.73 USD
Next ex-dividend date
20 Nov 2026
Next payment date
10 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.672.482.322.162.011.891.851.781.711.65

Raytheon Technologies financial health

Cash and short-term investments
9.17B USD
Total debt
38.88B USD
Net cash
-29.71B USD
Free cash flow (TTM)
9.13B USD
Current ratio
1.05
Debt to equity
0.56
Piotroski score
7 / 9
Altman Z-score
2.82

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20257.44B39.51B7.45B
FY20245.58B42.89B4.53B
FY20236.59B45.24B4.72B
FY20226.22B33.50B4.39B
FY20217.83B33.14B4.75B

Raytheon Technologies ownership

Institutions
80.98%
Institutional holders
3,563 (-14)
Free float
92.75%

Who owns the shares

Institutions 81.0% Others 19.0%
As of 30 Jun 2026

Shares free to trade

Free float 1.25B shares ·92.7% Closely held 97.90M shares ·7.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260117.23K34.45K
Q3 20260653.53K76.45K
Q2 20260012.89K0.00
Q1 2026012640.79K364.83K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.34B1.36B+0.95%
FY20241.33B1.34B-6.40%
FY20231.43B1.44B-3.40%
FY20221.48B1.49B-1.50%
FY20211.50B1.51B+11.10%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments News

Title: RTX Corp

Sector: Industrials
Industry: Aerospace & Defense
Raytheon Technologies Corp. is an American aerospace and defense firm. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization. The company provides aerospace and defense systems and services for commercial, military and government customers. It also provides extensive military intelligence services. The company was founded in 1922 and is headquartered in Arlington, Virginia. The company has four subsidiaries: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense. Among its services are the design and manufacture of aircraft engines and the manufacture of mission systems and power controls. It is also involved in the development of sensors, training and well as cyber and software solutions. It manufactures a wide array of guided missiles, air defense systems, satellites and drones and counts the US government as one of its major clients.

Common questions about Raytheon Technologies stock