RAYTHEON TECHNOLOGIES CORP Stock Research

Market Summary

USD93.26+0.14

Market Closed

0.15%

RTX Stock Price

RTX RSI Chart

RTX Valuation

Market Cap

139.8B

Price/Earnings (Trailing)

31.33

Price/Sales (Trailing)

2.12

EV/EBITDA

15.49

Price/Free Cashflow

24.52

RTX Price/Sales (Trailing)

RTX Profitability

EBT Margin

8.99%

Return on Equity

7.16%

Return on Assets

3.27%

Free Cashflow Yield

4.08%

RTX Fundamentals

RTX Revenue

Revenue (TTM)

68.6B

Revenue Y/Y

9.53%

Revenue Q/Q

-4.86%

RTX Earnings

Earnings (TTM)

5.5B

Earnings Y/Y

31.55%

Earnings Q/Q

0.28%

Price Action

52 Week Range

79.80108.84

(Low)(High)

Last 7 days

-3.0%

Last 30 days

-4.5%

Last 90 days

-6.4%

Trailing 12 Months

-0.7%

RTX Financial Health

Current Ratio

1.09

Debt/Equity

0.42

Debt/Cashflow

0.23

RTX Investor Care

Dividend Yield

2.36%

Dividend/Share (TTM)

2.2

Diluted EPS (TTM)

3.75

Peers (Alternatives to RAYTHEON Tech)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
RTX	139.8B	68.6B	-4.52%	-0.68%	31.33	2.12	5.73%	32.04%
LMT	128.3B	66.1B	-2.85%	0.73%	22.39	1.94	0.60%	-8.42%
BA	123.5B	70.5B	0.30%	59.42%	-29.91	1.75	15.52%	15.44%
TDG	45.3B	5.9B	6.67%	32.14%	43.68	7.67	17.52%	16.67%
TXT	12.7B	12.9B	-4.19%	-2.38%	14.77	0.98	3.10%	11.85%
MID-CAP
HEI	21.8B	2.5B	-3.23%	13.28%	57.61	8.75	23.76%	12.84%
HII	8.0B	10.8B	0.72%	-3.84%	14.14	0.75	9.69%	5.97%
BWXT	5.9B	2.3B	-2.75%	22.70%	24.58	2.62	6.77%	-18.59%
SPR	2.4B	5.3B	-12.14%	-15.43%	-5.96	0.54	25.06%	-83.44%
AVAV	2.3B	487.1M	-7.32%	2.52%	-274.98	4.79	8.46%	-1895.76%
SMALL-CAP
AIR	1.6B	1.9B	1.67%	7.98%	17.55	0.87	7.40%	32.12%
TGI	755.7M	1.4B	8.55%	-24.26%	8.44	0.55	-5.54%	309.54%
DCO	498.6M	730.2M	-18.55%	-4.68%	19.23	0.68	12.05%	-81.07%
ATRO	292.4M	575.3M	12.21%	60.08%	-14.86	0.62	26.37%	-121.00%
SIF	22.6M	83.9M	1.73%	-40.23%	-2.34	0.27	-15.75%	-1197.44%

Financials for RAYTHEON Tech

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.2%	68,572	67,074	66,025	65,287	64,853
S&GA Expenses	-1.3%	5,592	5,663	5,691	5,529	5,473
R&D Expenses	-1.0%	2,683	2,711	2,805	2,819	2,778
EBITDA	6.8%	11,411	10,682	10,679	10,757	-
EBITDA Margin	5.2%	0.17*	0.16*	0.16*	0.17*	-
Earnings Before Taxes	8.9%	6,566	6,027	5,244	5,083	5,015
EBT Margin	13.1%	0.09*	0.08*	0.07*	0.08*	-
Interest Expenses	-0.2%	1,273	1,276	1,234	1,281	1,294
Net Income	6.6%	5,539	5,197	4,461	4,467	4,195
Net Income Margin	14.7%	0.08*	0.07*	0.07*	0.06*	-
Free Cahsflow	-28.8%	4,880	6,855	4,761	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	1.7%	161,636	158,864	158,225	159,017	159,366
Current Assets	7.2%	45,504	42,443	41,821	41,462	40,740
Cash Equivalents	-5.3%	5,893	6,220	5,381	4,767	6,040
Inventory	6.7%	11,327	10,617	10,443	10,142	9,749
Net PPE	-0.1%	15,149	15,170	14,668	14,741	14,837
Goodwill	0.1%	53,904	53,840	53,168	53,806	54,316
Liabilities	3.1%	87,251	84,650	86,457	86,989	85,344
Current Liabilities	2.6%	40,128	39,114	38,373	37,788	35,057
. Short Term Borrowings	-64.2%	224	625	2,195	113	140
Long Term Debt	6.6%	32,717	30,694	31,059	31,274	31,308
Shareholder's Equity	0.2%	72,795	72,632	70,187	71,990	73,986
Retained Earnings	1.2%	52,891	52,269	51,652	50,271	50,592
Accumulated Depreciation	3.2%	14,387	13,946	13,533	13,249	12,978
Minority Interest	0.4%	1,552	1,546	1,548	1,549	1,524

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-18.7%	5,829	7,168	5,701	6,855	6,895
Share Based Compensation	-0.7%	417	420	417	427	461
Cashflow From Investing	-2.2%	-2,890	-2,829	-3,116	-2,739	-2,464
Cashflow From Financing	48.5%	-3,018	-5,859	-4,584	-7,264	-6,957
Dividend Payments	1.4%	3,173	3,128	3,082	3,039	2,997
Buy Backs	-6.5%	2,622	2,803	2,722	3,099	2,695

Risks for RTX

What is the probability of a big loss on RTX?

51.5%

Probability that RAYTHEON Tech stock will be more than 20% underwater in next one year

19.6%

Probability that RAYTHEON Tech stock will be more than 30% underwater in next one year.

18.5%

Probability that RAYTHEON Tech stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RTX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if RAYTHEON Tech was unfortunately bought at previous high price.

Drawdowns

Returns for RTX

Cumulative Returns on RTX

7.6%

10-Year Cumulative Returns

9.2%

7-Year Cumulative Returns

6.9%

5-Year Cumulative Returns

15.5%

3-Year Cumulative Returns

What are the long-term rolling returns for RTX?

FIve years rolling returns for RAYTHEON Tech.

Annualized Returns

Which funds bought or sold RTX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Verity Asset Management, Inc.	added	10.53	22,875	338,250	0.20%
2023-05-24	Old North State Trust, LLC	added	3.44	-	147,000	0.10%
2023-05-23	Front Row Advisors LLC	unchanged	-	-2,000	55,000	0.03%
2023-05-23	3Chopt Investment Partners, LLC	new	-	1,551,020	1,551,020	0.83%
2023-05-23	Toroso Investments, LLC	added	120	2,762,000	5,188,000	0.09%
2023-05-23	MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID	reduced	-8.87	-144,793	1,106,410	0.08%
2023-05-23	Brookfield Corp /ON/	added	58.64	5,865,880	16,741,500	0.06%
2023-05-22	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	added	0.39	-133,239	5,024,980	2.00%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	10,205,000	0.44%
2023-05-22	Raleigh Capital Management Inc.	added	6.47	17,802	552,981	0.27%

Latest Funds Activity

Are funds buying RTX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RTX

No. of Funds

RAYTHEON Tech News

Schedule 13G FIlings of RAYTHEON Tech

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital research global investors	5.5%	80,724,763	SC 13G
Feb 10, 2023	state street corp	8.56%	125,892,213	SC 13G/A
Feb 09, 2023	vanguard group inc	8.44%	124,014,262	SC 13G/A
Feb 01, 2023	blackrock inc.	6.9%	101,153,028	SC 13G/A
Feb 14, 2022	state street corp	9.21%	137,843,993	SC 13G/A
Feb 01, 2022	blackrock inc.	6.6%	98,553,635	SC 13G/A
Feb 12, 2021	state street corp	7.93%	120,418,446	SC 13G
Feb 10, 2021	vanguard group inc	8.42%	127,888,312	SC 13G/A
Feb 05, 2021	blackrock inc.	6.6%	99,675,695	SC 13G
Feb 14, 2020	state street corp	10.47%	90,405,435	SC 13G

RTX Fair Value

Recent SEC filings of RAYTHEON Tech

View All Filings

Date Filed	Form Type	Document
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading
May 04, 2023	4	Insider Trading

Latest Insider Trading transactions for RTX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-27	DaSilva Kevin G	sold (taxes)	-66,674	96.91	-688	corporate vp and treasurer
2023-03-27	Kremer Wesley D	sold (taxes)	-237,623	96.91	-2,452	president, rmd
2023-03-20	Kremer Wesley D	sold (taxes)	-192,329	97.53	-1,972	president, rmd
2023-03-20	DaSilva Kevin G	sold (taxes)	-35,988	97.53	-369	corporate vp and treasurer
2023-02-28	Johnson Amy L	sold	-356,952	98.551	-3,622	corporate vp and controller
2023-02-04	HAYES GREGORY	sold (taxes)	-3,124,500	96.48	-32,385	chairman and ceo
2023-02-04	Calio Christopher T.	sold (taxes)	-668,124	96.48	-6,925	chief operating officer
2023-02-04	Johnson Amy L	acquired	-	-	1,961	corporate vp and controller
2023-02-04	Timm Stephen J.	sold (taxes)	-536,236	96.48	-5,558	president, collins aerospace
2023-02-04	Mitchill Neil G. JR	acquired	-	-	10,178	evp, chief financial officer

About RAYTHEON Tech

Gregory J. Hayes

https://www.rtx.com/

65535

Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations. This segment also designs, produces, and supports cabin interior, communications and aviation systems, oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon Intelligence & Space segment develops and provides integrated space, communication, and sensor systems for missions, training, and cyber and software solutions to intelligence, defense, federal, and commercial customers. The Raytheon Missiles & Defense segment designs, develops, produces, and sustains integrated air and missile defense systems; defensive and combat solutions; land- and sea-based radars; command, control, communications, and intelligence solutions; and naval and undersea sensor solutions for the U.S. and foreign government customers. The company is headquartered in Waltham, Massachusetts.

RTX Income Statement

2023-03-31

Condensed Consolidated Statement of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Sales:
Net sales	$ 17,214	$ 15,716
Costs and Expenses:
Research and development	607	635
Selling, general and administrative	1,398	1,469
Total costs and expenses	15,650	14,664
Other income, net	88	28
Operating profit	1,652	1,080
Non-service pension income	(444)	(480)
Interest expense, net	315	318
Total non-operating expense (income), net	(129)	(162)
Income from continuing operations before income taxes	1,781	1,242
Income tax expense	300	116
Net income from continuing operations	1,481	1,126
Less: Noncontrolling interest in subsidiaries’ earnings from continuing operations	55	23
Net income from continuing operations attributable to common shareowners	1,426	1,103
Loss from discontinued operations attributable to common shareowners	0	(19)
Net income attributable to common shareowners	$ 1,426	$ 1,084
Earnings (loss) Per Share attributable to common shareowners - Basic:
Income from continuing operations	$ 0.98	$ 0.74
Loss from discontinued operations	0	(0.01)
Net income attributable to common shareowners	0.98	0.73
Earnings (loss) Per Share attributable to common shareowners - Diluted:
Income from continuing operations	0.97	0.74
Loss from discontinued operations	0	(0.02)
Net income attributable to common shareowners	$ 0.97	$ 0.72
Product [Member]
Net Sales:
Net sales	$ 12,787	$ 11,862
Costs and Expenses:
Cost of sales	10,700	9,820
Service [Member]
Net Sales:
Net sales	4,427	3,854
Costs and Expenses:
Cost of sales	$ 2,945	$ 2,740

RTX Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 5,893	$ 6,220
Accounts receivable, net	10,069	9,108
Contract assets	12,729	11,534
Inventory, net	11,327	10,617
Other assets, current	5,486	4,964
Total current assets	45,504	42,443
Customer financing assets	2,543	2,603
Fixed assets	29,536	29,116
Accumulated depreciation	(14,387)	(13,946)
Fixed assets, net	15,149	15,170
Operating lease right-of-use assets	1,844	1,829
Goodwill	53,904	53,840
Intangible assets, net	36,477	36,823
Other assets	6,215	6,156
Total assets	161,636	158,864
Short-term borrowings	224	625
Accounts payable	10,060	9,896
Accrued employee compensation	1,856	2,401
Other accrued liabilities	11,573	10,999
Contract liabilities	14,870	14,598
Long-term debt currently due	1,545	595
Total current liabilities	40,128	39,114
Long-term debt	32,717	30,694
Operating lease liabilities, non-current	1,624	1,586
Future pension and postretirement benefit obligations	4,676	4,807
Other long-term liabilities	8,106	8,449
Total liabilities	87,251	84,650
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	38	36
Common stock	38,031	37,939
Treasury stock	(16,112)	(15,530)
Retained earnings	52,891	52,269
Unearned ESOP Shares	(26)	(28)
Accumulated other comprehensive loss	(1,989)	(2,018)
Total shareowners' equity	72,795	72,632
Noncontrolling interest	1,552	1,546
Total equity	74,347	74,178
Total liabilities, redeemable noncontrolling interest and equity	$ 161,636	$ 158,864