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RTX Corporation

5UR.DE
57
Aerospace & Defense · Industrials
Price
€180.85
-5.60 (-3.00%)
Market Cap
€243.74B
Exchange
Frankfurt Stock Exchange
Winston Score
57
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Exceptional
Cash Flow
Exceptional
Stability
Strong
Valuation
Good
Dividends
Weak

Share count falling — buybacks

10.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.51B (2021) → 1.36B (2025)

Winston Score History

The full picture

RTX Corporation makes products for airplanes and the military. Its three main divisions are Pratt & Whitney, which builds jet engines for commercial and military aircraft, Collins Aerospace, which makes cockpit systems, seats, and other aircraft parts, and Raytheon, which produces missiles, radar systems, and air defense equipment. Its customers include major airlines, aircraft makers like Boeing and Airbus, and governments around the world, including the U.S. Department of Defense.

RTX earns money by selling hardware upfront and then charging for long-term maintenance, spare parts, and service contracts, which creates steady recurring revenue. The company operates globally and generates roughly $80 billion in annual revenue, making it one of the largest aerospace and defense contractors in the world. Its main competitive advantage is the long-term nature of defense contracts and the high cost of switching suppliers once its engines or systems are built into an aircraft. A key risk is ongoing production problems with Pratt & Whitney's GTF engines, which have required costly inspections and repairs across hundreds of aircraft.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.6% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+28.2% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$2.8B/ year

Flat (-4% vs prior year)

3.2% of revenue

Below sector average (4%)

Steady R&D investment year-over-year

Insider Activity

7.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$9.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

RTX Corporation is a rare growth stock that's already generating positive cash flow while growing at 15%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
20.8%
Thin — 20.8% gross margin
Profit after running costs
Operating Margin
11.1%
Modest — 11.1% operating margin
Return on the money invested
ROCE
9.6%
Below par — 9.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+11.8%
Steady sales growth (+11.8% YoY)
Profit growth
EPS YoY
+25.0%
Earnings growing fast (+25.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
184%
Turns 184% of profit into real cash
Spare cash per sale
FCF Margin
12.2%
Converts sales into free cash efficiently (12.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.56
Conservative — low debt load (0.56)
Covers its interest
Interest Cover
6.04x
Adequate interest coverage (6.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
31.5x
Pricey — P/E 31.5

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+6.0
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (31.5 → 25.4)

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Dividends

Dividend
Dividend Yield
1.27%
Small dividend — 1.27% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+2.8%
Dividend flat

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