---
title: RTX (RTX) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/rtx
ticker: RTX
as_of: 2026-10-17
sector: Industrials
industry: Aerospace & Defense
---
# RTX (RTX)

RTX (RTX) closed at $193.92 on Oct 16, 2026, overvalued by 9% vs its model value of $178.34 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $193.92 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $178.34 |
| Price vs model | overvalued by 9% vs model |
| Range of that model | $95.28 – $390.79 |
| Market value | $261.4B |
| P/E (fiscal 2025) | 39.1 |
| Net margin (fiscal 2025) | 7.6% |
| Free cash flow (fiscal 2025) | $7.9B |
| Dividend yield (trailing twelve months) | 1.45% |
| Beta | 0.31 |
| Cost of capital (WACC) | 6.91% |
| Business classification | Mature & Stable (Moderate growth (~13% recent), Moderate margins (8% net margin), Pays dividends, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Largest companies | #43 | $261.4B | https://sweetvaluelab.com/lists/largest-companies |
| Dividend growth streaks | #33 | 33 years | https://sweetvaluelab.com/lists/dividend-growth-streaks |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.45% |
| Dividends per share, last 12 months | $2.82 |
| Dividends / free cash flow (fiscal 2025) | 45.0% |
| Raised | 33 years in a row |
| Growth over 5 years | 7.4% a year |
| Latest payment | $0.73, ex-date Aug 14, 2026, paid Sep 3, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 19, 2021 | $1.97 |
| To Aug 18, 2022 | $2.12 |
| To Aug 17, 2023 | $2.28 |
| To Aug 16, 2024 | $2.44 |
| To Aug 15, 2025 | $2.62 |
| Trailing twelve months (to Aug 14, 2026) | $2.82 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $178.34 | $95.28 | $390.79 |
| DCF · Perpetuity growth · 10y | cross check | $196.49 | $108.72 | $431.70 |
| DCF · EBITDA exit · 5y | cross check | $259.14 | $197.76 | $331.05 |
| DCF · EBITDA exit · 10y | cross check | $269.26 | $193.62 | $368.88 |
| P/E · peers | cross check | $158.43 | $136.79 | $302.35 |
| P/E · own history | cross check | $232.99 | $209.57 | $268.48 |
| PEG | sanity check | $128.68 | $128.68 | $128.68 |
| EV/EBITDA · peers | cross check | $219.23 | $158.93 | $281.37 |
| EV/Revenue · peers | cross check | $112.38 | $104.73 | $464.19 |
| Earnings power value | cross check | $48.74 | $36.03 | $68.49 |
| Dividend discount | cross check | $81.29 | $50.66 | $167.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 6 open-market sales ($6.9M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Johnson Amy L | Senior VP and Controller | Option/RSU exercise | 84 | $0 |
| Oct 1, 2026 | Johnson Amy L | Senior VP and Controller | Tax withholding | 84 | $15,540.8 |
| Oct 1, 2026 | Johnson Amy L | Senior VP and Controller | Option/RSU exercise | 84 | $0 |
| Oct 1, 2026 | DaSilva Kevin G | Senior VP and Treasurer | Tax withholding | 143 | $26,456.4 |
| Oct 1, 2026 | DaSilva Kevin G | Senior VP and Treasurer | Option/RSU exercise | 143 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 15, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/101829/000114036126036662/ef20082011_8k.htm |
| Jul 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/101829/000010182926000027/rtx-20260630.htm |
| Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/101829/000010182926000025/rtx-20260723.htm |
| May 4, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/101829/000114036126018932/ef20072402_8k.htm |
| Apr 21, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/101829/000010182926000011/rtx-20260331.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 35,113,249 | $6.7B |
| Lee Ainslie | 2026-06-30 | 1,550,533 | $294.2M |
| Thomas Gayner | 2026-06-30 | 224,000 | $42.5M |
| Bridgewater | 2026-06-30 | 26,182 | $5.0M |

9 tracked managers in all.

## About

RTX Corporation, a major player in the aerospace and defense sectors, provides sophisticated systems and extensive services to a diverse global clientele. This includes commercial entities, military organizations, and government agencies, both within the United States and internationally. The company's operations are divided into three primary business units: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace segment delivers a broad range of aerospace and defense products, alongside comprehensive aftermarket support solutions. Its customer base spans manufacturers of civil and military aircraft, commercial airlines, and operators in regional, business, general aviation, defense, and commercial space ventures. This division's offerings cover the design, production, and maintenance of aircraft interior components, such as oxygen systems, food and beverage preparation…

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Source: https://sweetvaluelab.com/stocks/rtx (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.