RTX financial statements

The full income statement, balance sheet, and cash-flow statement for RTX Corporation (RTX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 1.33B2024-09 1.33B2024-12 1.33B2025-03 1.34B2025-06 1.34B2025-09 1.34B2025-12 1.34B2026-03 1.35B2026-06 1.35B+1.3% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	88.6B YoY+9.7%	80.7B YoY+17.1%	68.9B YoY+2.8%	67.1B YoY+4.2%	64.4B YoY+13.8%
Research & development	2.81B YoY-4.3%	2.93B YoY+4.6%	2.81B YoY+3.5%	2.71B YoY-0.8%	2.73B YoY+5.8%
Selling, general & administrative	6.09B YoY+5.0%	5.81B YoY-0.1%	5.81B YoY+4.2%	5.57B YoY+10.4%	5.05B YoY-8.9%
Restructuring	—	—	—	—	143M YoY-81.6%
Amortization of intangibles	2.10B YoY-4.5%	2.20B YoY+4.8%	2.10B YoY+5.0%	2.00B YoY-18.0%	2.44B YoY+14.8%
Provision for credit losses	64.0M YoY+557.1%	-14.0M YoY+84.8%	-92.0M YoY-453.8%	26.0M YoY+155.3%	-47.0M YoY-117.0%
Operating income	9.30B YoY+42.2%	6.54B YoY+83.6%	3.56B YoY-35.3%	5.50B YoY+7.2%	5.14B YoY+371.9%
Interest expense	—	1.86B YoY+23.7%	1.50B YoY+17.9%	1.28B YoY-3.5%	1.32B YoY-3.2%
Other non-operating income	-567M YoY-64.8%	-344M YoY-225.1%	275M YoY+144.9%	-613M YoY-2370.4%	27.0M YoY-94.2%
Pre-tax income	8.73B YoY+41.0%	6.19B YoY+61.5%	3.84B YoY-37.3%	6.12B YoY+19.7%	5.11B YoY+317.1%
Income tax	1.66B YoY+40.9%	1.18B YoY+159.0%	456M YoY-42.3%	790M YoY-18.0%	964M YoY+67.7%
	6.73B YoY+41.0%	4.77B YoY+49.4%	3.19B YoY-38.5%	5.20B YoY+34.5%	3.86B YoY+209.8%
Income from continuing operations	—	4.77B YoY+49.4%	3.19B YoY-38.7%	5.22B YoY+33.8%	3.90B YoY+225.3%
Discontinued operations	—	—	—	-19.0M YoY+42.4%	-33.0M YoY+91.0%
Net income to non-controlling interest	337M YoY+41.0%	239M YoY+29.2%	185M	—	—
	$4.96 YoY+39.7%	$3.55 YoY+59.2%	$2.23 YoY-36.3%	$3.50 YoY+36.7%	$2.56 YoY+198.8%
EPS (basic)	$5.02 YoY+40.2%	$3.58 YoY+59.8%	$2.24 YoY-36.4%	$3.52 YoY+37.0%	$2.57 YoY+199.2%
	1.34B YoY+0.7%	1.33B YoY-6.6%	1.43B YoY-3.4%	1.48B YoY-1.7%	1.50B YoY+10.6%
	1.36B YoY+1.0%	1.34B YoY-6.4%	1.44B YoY-3.4%	1.49B YoY-1.5%	1.51B YoY+11.1%
Dividends per share	$2.67 YoY+7.7%	$2.48 YoY+6.9%	$2.32 YoY+7.4%	$2.16 YoY+7.7%	$2.00 YoY-7.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	60.3B YoY+18.0%	51.1B YoY+5.6%	48.4B YoY+14.1%	42.4B YoY+0.9%	42.0B YoY-3.1%
Cash & equivalents	7.43B YoY+33.3%	5.58B YoY-15.3%	6.59B YoY+5.9%	6.22B YoY-20.6%	7.83B YoY-11.0%
Short-term investments	750M YoY-4.6%	786M YoY+5.5%	745M YoY-3.7%	774M YoY-19.8%	965M YoY+9.5%
Accounts receivable	14.7B YoY+33.9%	11.0B YoY+1.3%	10.8B YoY+19.0%	9.11B YoY-5.7%	9.66B YoY+4.4%
Inventory	13.4B YoY+4.7%	12.8B YoY+8.4%	11.8B YoY+10.9%	10.6B YoY+15.7%	9.18B YoY-2.5%
Other current assets	7.74B YoY+6.9%	7.24B YoY+2.3%	7.08B YoY+42.5%	4.96B YoY+23.5%	4.02B YoY-32.8%
	171B YoY+5.0%	163B YoY+0.6%	162B YoY+1.9%	159B YoY-1.6%	161B YoY-0.5%
Property, plant & equipment	16.9B YoY+4.8%	16.1B YoY+2.2%	15.7B YoY+3.8%	15.2B YoY+1.3%	15.0B YoY+0.1%
Operating lease right-of-use	1.89B YoY+1.2%	1.86B YoY+13.8%	1.64B YoY-10.4%	1.83B YoY-6.6%	1.96B YoY+4.1%
Goodwill	53.3B YoY+1.0%	52.8B YoY-1.7%	53.7B YoY-0.3%	53.8B YoY-1.1%	54.4B YoY+0.3%
Intangible assets	31.8B YoY-4.8%	33.4B YoY-5.5%	35.4B YoY-3.9%	36.8B YoY-4.4%	38.5B YoY-5.0%
Other non-current assets	4.67B YoY-11.8%	5.30B YoY+15.8%	4.58B YoY-25.7%	6.16B YoY-7.1%	6.62B YoY+67.0%
	58.8B YoY+14.1%	51.5B YoY+10.1%	46.8B YoY+19.6%	39.1B YoY+10.3%	35.4B YoY-1.1%
Accounts payable	15.9B YoY+23.2%	12.9B YoY+20.6%	10.7B YoY+8.1%	9.90B YoY+13.1%	8.75B YoY+1.3%
Accrued liabilities	—	—	14.9B YoY+35.6%	11.0B YoY+8.2%	10.2B YoY-3.4%
Deferred revenue	21.6B YoY+16.1%	18.6B YoY+8.3%	17.2B YoY+17.7%	14.6B YoY+6.4%	13.7B YoY+6.4%
Short-term & current debt	204M YoY+11.5%	183M YoY-3.2%	189M YoY-69.8%	625M YoY+366.4%	134M YoY-45.7%
Current lease liability	450M YoY+22.6%	367M YoY+5.5%	348M YoY-2.2%	356M YoY-13.4%	411M YoY-14.7%
	104B YoY+3.0%	101B YoY+0.5%	100B YoY+18.6%	84.7B YoY-2.4%	86.7B YoY-1.8%
Long-term debt	34.3B YoY-16.5%	41.1B YoY-5.9%	43.6B YoY+39.5%	31.3B YoY-0.2%	31.4B YoY-0.7%
Non-current lease liability	1.60B YoY-1.8%	1.63B YoY+15.6%	1.41B YoY-11.0%	1.59B YoY-4.3%	1.66B YoY+9.3%
Operating lease liability (total)	2.05B YoY+2.7%	2.00B YoY+13.6%	1.76B YoY-9.4%	1.94B YoY-6.1%	2.07B YoY+3.5%
Other non-current liabilities	7.20B YoY+3.7%	6.94B YoY-7.6%	7.51B YoY-11.1%	8.45B YoY-18.9%	10.4B YoY+9.2%
	65.2B YoY+8.5%	60.2B YoY+0.6%	59.8B YoY-17.7%	72.6B YoY-0.6%	73.1B YoY+1.3%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Retained earnings	56.7B YoY+5.8%	53.6B YoY+2.8%	52.2B YoY-0.2%	52.3B YoY+4.0%	50.3B YoY+1.7%
Treasury stock	26.9B YoY-0.9%	27.1B YoY+0.5%	27.0B YoY+73.7%	15.5B YoY+22.0%	12.7B YoY+22.3%
Accumulated other comprehensive income	-2.72B YoY+27.6%	-3.75B YoY-55.2%	-2.42B YoY-19.9%	-2.02B YoY-5.4%	-1.92B YoY+48.7%
Non-controlling interest	1.86B YoY+5.1%	1.77B YoY+9.6%	1.61B YoY+4.3%	1.55B YoY-3.1%	1.60B YoY-5.5%
Total equity incl. non-controlling	67.1B YoY+8.4%	61.9B YoY+0.8%	61.4B YoY-17.2%	74.2B YoY-0.7%	74.7B YoY+1.1%
Total liabilities & equity	171B YoY+5.0%	163B YoY+0.6%	162B YoY+1.9%	159B YoY-1.6%	161B YoY-0.5%
	1.73B YoY+0.4%	1.72B YoY+0.4%	1.71B YoY+0.1%	1.71B YoY+0.2%	1.71B YoY+100010.9%
	1.34B YoY+0.8%	1.33B YoY+0.4%	1.33B YoY-9.4%	1.46B YoY-1.8%	1.49B YoY-1.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	10.6B YoY+47.6%	7.16B YoY-9.2%	7.88B YoY+10.0%	7.17B YoY+0.4%	7.14B YoY+64.8%
Depreciation & amortization	4.38B YoY+0.3%	4.36B YoY+3.6%	4.21B YoY+2.5%	4.11B YoY-9.9%	4.56B YoY+9.6%
Intangible amortization	2.10B YoY-4.5%	2.20B YoY+4.8%	2.10B YoY+5.0%	2.00B YoY-18.0%	2.44B YoY+14.8%
Share-based compensation	519M YoY+18.8%	437M YoY+2.8%	425M YoY+1.2%	420M YoY-5.0%	442M YoY+33.9%
Deferred income taxes	789M YoY+1778.7%	-47.0M YoY+88.3%	-402M YoY+75.8%	-1.66B YoY-1789.8%	-88.0M YoY+11.1%
Change in inventory	532M YoY-63.9%	1.47B YoY+33.5%	1.10B YoY-29.9%	1.57B YoY+1066.3%	-163M YoY+60.4%
Other operating activities	-476M YoY-252.6%	-135M YoY-381.3%	48.0M YoY+136.1%	-133M YoY+84.7%	-871M
	-1.26B YoY+17.5%	-1.53B YoY+49.5%	-3.04B YoY-7.4%	-2.83B	—
Capital expenditure	2.63B YoY+0.1%	2.63B YoY+8.7%	2.42B YoY+5.6%	2.29B YoY+7.2%	2.13B YoY+18.9%
Free cash flow	7.94B YoY+75.1%	4.53B YoY-17.1%	5.47B YoY+12.0%	4.88B YoY-2.6%	5.01B YoY+97.2%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Other investing activities	123M YoY+289.2%	-65.0M YoY-441.7%	-12.0M YoY+87.2%	-94.0M YoY+35.2%	-145M YoY-195.9%
	-7.49B YoY-13.1%	-6.62B YoY-46.2%	-4.53B YoY+22.7%	-5.86B	—
Long-term debt issued	0.00	0.00 YoY-100.0%	12.9B YoY+1291300.0%	1.00M YoY-100.0%	4.06B YoY+102.7%
Long-term debt repaid	3.43B YoY+37.2%	2.50B YoY+332.5%	578M YoY+19166.7%	3.00M YoY-99.9%	4.25B YoY-73.5%
Net short-term debt	—	-4.00M YoY-104.6%	87.0M YoY+400.0%	-29.0M YoY-161.7%	47.0M YoY+102.1%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	50.0M YoY-88.7%	444M YoY-96.6%	12.9B YoY+359.2%	2.80B YoY+20.5%	2.33B YoY+4851.1%
Dividends paid	3.57B YoY+11.1%	3.22B YoY-0.7%	3.24B YoY+3.5%	3.13B YoY+5.8%	2.96B YoY+8.2%
Other financing activities	-433M YoY+5.0%	-456M YoY-98.3%	-230M YoY+44.6%	-415M YoY+7.2%	-447M YoY-228.7%
FX effect on cash	48.0M YoY+271.4%	-28.0M YoY-255.6%	18.0M YoY+142.9%	-42.0M YoY-4100.0%	-1.00M YoY-101.9%
Net change in cash	1.86B YoY+282.7%	-1.02B YoY-404.5%	335M YoY+121.4%	-1.56B YoY-59.6%	-979M YoY-169.3%
Interest paid	1.86B YoY-4.3%	1.94B YoY+32.7%	1.46B YoY+15.9%	1.26B YoY-5.7%	1.34B YoY-17.8%
Income taxes paid	1.61B YoY+36.6%	1.18B YoY-23.0%	1.53B YoY-36.4%	2.40B YoY+113.5%	1.12B YoY-34.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	246B YoY+59.7%	154B YoY+27.4%	121B YoY-18.5%	148B YoY+15.5%	128B YoY+18.2%
P/E	36.6× YoY+13.2%	32.3× YoY-14.8%	37.9× YoY+14.0%	33.3× YoY+0.1%	33.2×
P/S	2.8× YoY+45.5%	1.9× YoY+5.9%	1.8× YoY-19.7%	2.2× YoY+12.7%	2.0× YoY+3.9%
P/B	3.8× YoY+47.2%	2.6× YoY+47.4%	1.7× YoY-17.8%	2.1× YoY+20.3%	1.8× YoY+16.7%
P/FCF	31.0× YoY-8.8%	34.0× YoY+49.9%	22.7× YoY-49.3%	44.8× YoY+74.6%	25.6× YoY-40.1%
	2.7% YoY-11.7%	3.1% YoY+17.4%	2.6% YoY-12.3%	3.0% YoY-0.1%	3.0%
	3.2% YoY+9.7%	2.9% YoY-33.3%	4.4% YoY+97.4%	2.2% YoY-42.7%	3.9% YoY+66.9%
	1.5% YoY-32.1%	2.1% YoY-22.3%	2.8% YoY+28.8%	2.1% YoY-8.1%	2.3% YoY-22.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: RTX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RTX filings on SEC EDGAR → Not investment advice.