Reading the tape
NYSE: RTX
RTX Corporation
Industrials · Aerospace & Defense
Market Cap
$232.80B
52w High
$214.50
52w Low
$126.03
P/E
32.12
Volume
3.78M
Outstanding Shares
1.35B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 34.44%Revenue (TTM): 10.56%FCF (TTM): 61.78%P/FCF: 53rd pct
What changed
The stock rose 34.44% over the last year. Revenue grew 10.56% over the trailing twelve months. Operating margin moved from 8.81% to 10.41%. Free cash flow grew 61.78% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 53rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 10.41%. Revenue grew 10.56% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally.
CEOChristopher T. Calio
SectorIndustrials
IndustryAerospace & Defense
Employees185,000
IPO dateSep 15, 1952
Valuation
Forward P/E—
EV/EBITDA21.58
Enterprise value$278.08B
Stock splits
Apr 3, 2020↑ Forward
Every 1000 shares became 1589
Jun 13, 2005↑ Forward
Every 1 shares became 2
May 18, 1999↑ Forward
Every 1 shares became 2
Dec 11, 1996↑ Forward
Every 1 shares became 2
Jun 11, 1984↑ Forward
Every 1 shares became 2
May 19, 1976↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth8.72%
Gross margin20.21%▲5.19%vs FY2024
Operating margin10.41%▲21.41%vs FY2024
ROE10.32%▲30.01%vs FY2024
Analyst consensus
RatingBuy
Target price$224.89▲30.09%
17
Buy
9
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 28, 2026
Q3 FY26 · EPS est $1.66 · Revenue est $22.87B
View
Dividends
$2.77/shareQuarterlyDividend Aristocrat · 34yrEx-div May 22, 2026 · in 17dSafeRTX pays a dividend with a 1.6% declared yield, 34 consecutive years of growth, growing at 7.44% annually, covered 2.2× by free cash flow.
Declared Yield
1.6%
Annual Div / Share
$2.77
5yr CAGR
+7.44%
Doubles every ~9.7yr
Payout Ratio
50.29%
Safe
Dividend Growth Rate
3yr CAGR
+7.34%
5yr CAGR
+7.44%
10yr CAGR
+5.49%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.77+7.8%
2025$2.57+7.1%
2024$2.40+7.1%
2023$2.24+7.7%
2022$2.08+7.5%
2021$1.94+3.9%
2020$1.86+1.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$16/yr
$1/mo
In 5 yrs
$23/yr+43%
$2/mo
In 10 yrs
$33/yr+105%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$16/yr $1/mo | $23/yr+43% $2/mo | $33/yr+105% $3/mo |
Yield-on-cost grows from 1.6% → 3.28% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
RTX has raised its dividend for 34 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 7.44% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in RTX
STOCK Act disclosures from senators and representatives.
Markwayne Mullin
OKsenateRepublicanPurchaseJoint2025-12-29$15,001 - $50,000+18d to disclose