RTX
RTX Corporation

RTX CorporationRTX

Industrials · Aerospace & Defense
189.53USD
-1.22%
Nov 08, 2026
RTX overview ready
Supplier of missile, air-defense, and propulsion systems to US and allies
Diversified aerospace-and-defense prime contractor whose Raytheon business supplies missile, interceptor, air-defense, radar, and related defense systems, alongside Collins Aerospace systems and Pratt & Whitney propulsion and aftermarket operations.
Primary theme is lagging
Defense / Drones is lagging (+0.2pp vs SPY over 21 sessions; 13 of 25 members ahead of SPY).
Price trend is broken
Longer-term context reads established trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Dependence on US government defense spending.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 16

Conviction Level

PriceAction3.4BusinessPerformance7.0BusinessQuality7.1Valuation6.0ThemeMomentum1.0Improving — Revenue is growing at a steady pace (+11% year over year). Diluted EPS growth has strengthened to +34% year over year ($1.89), up from +29%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+0.2pp
Theme return
−4.8%
Beating SPY
13 of 25
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads established trend, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$255.8B
Avg Volume (60D)
4.9M
60 sessions
Revenue Growth YoY
+9.7%
FY2025 vs FY2024
Gross Margin
+21.1%
Operating Margin
+11.8%
Trailing twelve months
Free Cash Flow Yield
+3.7%
Distance from 200DMA
-2.5%
Next Earnings
2027-01-26
P/E
30.4x
EV / Sales
2.9x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+11% year over year). Diluted EPS growth has strengthened to +34% year over year ($1.89), up from +29%.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+11%
$25.0B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +12%
  2. +8.7%
  3. +15%
  4. +11%
Earnings growthAccelerating
+34%
Diluted EPS $1.89 vs $1.41 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +8.2%
  2. +33%
  3. +29%
  4. +34%
Operating marginExpanding
13.4%
+2.1 pp YoY

Business Quality

7.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads fair.
RTX Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Diversified aerospace-and-defense prime contractor whose Raytheon business supplies missile, interceptor, air-defense, radar, and related defense systems, alongside Collins Aerospace systems and Pratt & Whitney propulsion and aftermarket operations.
Opportunity
Moderate opportunity
US and allied procurement to replenish missile, air-defense and precision-munition inventories and expand sustained production capacity.
Key risk
Dependence on US government defense spending.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

RTX Corporation designs, manufactures, and services aerospace and defense systems through its three segments: Collins Aerospace, Pratt & Whitney, and Raytheon, serving commercial, military, and government customers worldwide.

How it earns

Primarily transactional revenue from product sales, long-term contracts, and aftermarket services.

Products & services
Aerospace and defense systems
Aircraft propulsion engines
Missile and air-defense systems
Aftermarket aerospace services
Customers & end markets
Commercial airlines
Military and defense agencies
Government customers
Regional and business aviation operators
Market position

Leader in diversified aerospace and defense with strong positions in propulsion, avionics, and missile defense systems.

Demand drivers
Medium cyclicality

Demand is influenced by defense budgets and commercial aerospace cycles, with some stability from government contracts.

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