Raytheon Technologies Corp
RTX Corporation, an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide. It operates through three segments: Collins Aerospace (Collins), Pratt & Whitney, and Raytheon. The Collins segment offers aerospace and defense products, and aftermarket services for civil and military aircraft manufacturers and commercial airlines, as we… Read more
Raytheon Technologies Corp (RTX) - Net Assets
Latest net assets as of December 2025: $67.14 Billion USD
Based on the latest financial reports, Raytheon Technologies Corp (RTX) has net assets worth $67.14 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($171.08 Billion) and total liabilities ($103.94 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $67.14 Billion |
| % of Total Assets | 39.24% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | -10.12% |
| 10-Year Change | 127.86% |
| Growth Volatility | 17.7 |
Raytheon Technologies Corp - Net Assets Trend (1985–2025)
This chart illustrates how Raytheon Technologies Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Raytheon Technologies Corp (1985–2025)
The table below shows the annual net assets of Raytheon Technologies Corp from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $67.14 Billion | +8.36% |
| 2024-12-31 | $61.96 Billion | +0.83% |
| 2023-12-31 | $61.45 Billion | -17.21% |
| 2022-12-31 | $74.21 Billion | -0.65% |
| 2021-12-31 | $74.70 Billion | +1.10% |
| 2020-12-31 | $73.88 Billion | +66.68% |
| 2019-12-31 | $44.33 Billion | +8.86% |
| 2018-12-31 | $40.72 Billion | +29.05% |
| 2017-12-31 | $31.55 Billion | +7.08% |
| 2016-12-31 | $29.46 Billion | +1.72% |
| 2015-12-31 | $28.97 Billion | -11.43% |
| 2014-12-31 | $32.70 Billion | -1.88% |
| 2013-12-31 | $33.33 Billion | +22.06% |
| 2012-12-31 | $27.31 Billion | +17.81% |
| 2011-12-31 | $23.18 Billion | +2.34% |
| 2010-12-31 | $22.65 Billion | +5.90% |
| 2009-12-31 | $21.39 Billion | +28.22% |
| 2008-12-31 | $16.68 Billion | -25.09% |
| 2007-12-31 | $22.27 Billion | +22.80% |
| 2006-12-31 | $18.13 Billion | +2.05% |
| 2005-12-31 | $17.77 Billion | +17.09% |
| 2004-12-31 | $15.18 Billion | +22.23% |
| 2003-12-31 | $12.42 Billion | +38.82% |
| 2002-12-31 | $8.94 Billion | +0.28% |
| 2001-12-31 | $8.92 Billion | +9.31% |
| 2000-12-31 | $8.16 Billion | +0.82% |
| 1999-12-31 | $8.09 Billion | +54.01% |
| 1998-12-31 | $5.25 Billion | +7.82% |
| 1997-12-31 | $4.87 Billion | -6.59% |
| 1996-12-31 | $5.22 Billion | +6.75% |
| 1995-12-31 | $4.89 Billion | +8.84% |
| 1994-12-31 | $4.49 Billion | +8.40% |
| 1993-12-31 | $4.14 Billion | +7.14% |
| 1992-12-31 | $3.87 Billion | -12.55% |
| 1991-12-31 | $4.42 Billion | -23.07% |
| 1990-12-31 | $5.75 Billion | +14.58% |
| 1989-12-31 | $5.02 Billion | +4.03% |
| 1988-12-31 | $4.82 Billion | +12.38% |
| 1987-12-31 | $4.29 Billion | +12.88% |
| 1986-12-31 | $3.80 Billion | -1.14% |
| 1985-12-31 | $3.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Raytheon Technologies Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2077.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $56.72 Billion | 86.93% |
| Common Stock | $38.13 Billion | 58.44% |
| Other Comprehensive Income | $-2.72 Billion | -4.17% |
| Total Equity | $65.25 Billion | 100.00% |
Raytheon Technologies Corp Competitors by Market Cap
The table below lists competitors of Raytheon Technologies Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nestle SA
PINK:NSRGF
|
$258.19 Billion |
|
Agricultural Bank of China PK
PINK:ACGBY
|
$259.69 Billion |
|
Oracle Corporation
NYSE:ORCL
|
$266.15 Billion |
|
ASML Holding NV
PINK:ASMLF
|
$267.08 Billion |
|
UnitedHealth Group Incorporated
NYSE:UNH
|
$256.27 Billion |
|
Roche Holding AG
OTCQX:RHHBF
|
$243.19 Billion |
|
The Goldman Sachs Group, Inc.
LSE:0R3G
|
$241.92 Billion |
|
SAP SE
PINK:SAPGF
|
$238.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Raytheon Technologies Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 60,156,000,000 to 65,245,000,000, a change of 5,089,000,000 (8.5%).
- Net income of 6,732,000,000 contributed positively to equity growth.
- Dividend payments of 3,574,000,000 reduced retained earnings.
- Share repurchases of 50,000,000 reduced equity.
- Other comprehensive income increased equity by 1,037,000,000.
- Other factors increased equity by 944,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.73 Billion | +10.32% |
| Dividends Paid | $3.57 Billion | -5.48% |
| Share Repurchases | $50.00 Million | -0.08% |
| Other Comprehensive Income | $1.04 Billion | +1.59% |
| Other Changes | $944.00 Million | +1.45% |
| Total Change | $- | 8.46% |
Book Value vs Market Value Analysis
This analysis compares Raytheon Technologies Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.30x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 52.68x to 4.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $3.91 | $206.06 | x |
| 1986-12-31 | $3.64 | $206.06 | x |
| 1987-12-31 | $4.11 | $206.06 | x |
| 1988-12-31 | $4.61 | $206.06 | x |
| 1989-12-31 | $4.89 | $206.06 | x |
| 1990-12-31 | $5.60 | $206.06 | x |
| 1991-12-31 | $4.19 | $206.06 | x |
| 1992-12-31 | $3.56 | $206.06 | x |
| 1993-12-31 | $3.74 | $206.06 | x |
| 1994-12-31 | $4.15 | $206.06 | x |
| 1995-12-31 | $4.53 | $206.06 | x |
| 1996-12-31 | $4.98 | $206.06 | x |
| 1997-12-31 | $4.94 | $206.06 | x |
| 1998-12-31 | $5.37 | $206.06 | x |
| 1999-12-31 | $7.60 | $206.06 | x |
| 2000-12-31 | $7.54 | $206.06 | x |
| 2001-12-31 | $8.28 | $206.06 | x |
| 2002-12-31 | $8.26 | $206.06 | x |
| 2003-12-31 | $11.55 | $206.06 | x |
| 2004-12-31 | $14.11 | $206.06 | x |
| 2005-12-31 | $16.76 | $206.06 | x |
| 2006-12-31 | $17.19 | $206.06 | x |
| 2007-12-31 | $21.59 | $206.06 | x |
| 2008-12-31 | $16.49 | $206.06 | x |
| 2009-12-31 | $21.60 | $206.06 | x |
| 2010-12-31 | $23.18 | $206.06 | x |
| 2011-12-31 | $24.13 | $206.06 | x |
| 2012-12-31 | $28.58 | $206.06 | x |
| 2013-12-31 | $34.82 | $206.06 | x |
| 2014-12-31 | $34.24 | $206.06 | x |
| 2015-12-31 | $30.98 | $206.06 | x |
| 2016-12-31 | $33.38 | $206.06 | x |
| 2017-12-31 | $37.05 | $206.06 | x |
| 2018-12-31 | $47.46 | $206.06 | x |
| 2019-12-31 | $48.35 | $206.06 | x |
| 2020-12-31 | $53.15 | $206.06 | x |
| 2021-12-31 | $48.44 | $206.06 | x |
| 2022-12-31 | $48.88 | $206.06 | x |
| 2023-12-31 | $41.66 | $206.06 | x |
| 2024-12-31 | $44.77 | $206.06 | x |
| 2025-12-31 | $47.91 | $206.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Raytheon Technologies Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.60%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 2.62x
- Recent ROE (10.32%) is below the historical average (14.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 8.13% | 2.09% | 1.42x | 2.74x | $-71.84 Million |
| 1986 | 1.91% | 0.46% | 1.41x | 2.92x | $-307.45 Million |
| 1987 | 13.79% | 3.45% | 1.44x | 2.78x | $162.59 Million |
| 1988 | 13.67% | 3.66% | 1.41x | 2.64x | $176.85 Million |
| 1989 | 14.81% | 3.59% | 1.34x | 3.08x | $228.07 Million |
| 1990 | 13.84% | 3.45% | 1.37x | 2.93x | $208.15 Million |
| 1991 | -24.98% | -4.80% | 1.33x | 3.91x | $-1.43 Billion |
| 1992 | -8.15% | -1.30% | 1.38x | 4.52x | $-639.10 Million |
| 1993 | 12.90% | 2.35% | 1.33x | 4.14x | $109.60 Million |
| 1994 | 14.30% | 2.81% | 1.33x | 3.82x | $175.90 Million |
| 1995 | 16.97% | 3.32% | 1.42x | 3.61x | $308.10 Million |
| 1996 | 19.11% | 3.89% | 1.39x | 3.53x | $432.00 Million |
| 1997 | 23.70% | 4.38% | 1.49x | 3.63x | $619.70 Million |
| 1998 | 25.96% | 4.89% | 1.45x | 3.68x | $771.60 Million |
| 1999 | 20.24% | 6.42% | 0.98x | 3.22x | $774.40 Million |
| 2000 | 23.60% | 6.90% | 1.03x | 3.31x | $1.04 Billion |
| 2001 | 23.16% | 6.95% | 1.03x | 3.23x | $1.10 Billion |
| 2002 | 26.76% | 7.93% | 0.97x | 3.49x | $1.40 Billion |
| 2003 | 20.17% | 7.61% | 0.88x | 3.01x | $1.19 Billion |
| 2004 | 19.54% | 7.60% | 0.91x | 2.83x | $1.36 Billion |
| 2005 | 18.62% | 7.48% | 0.92x | 2.70x | $1.46 Billion |
| 2006 | 21.58% | 7.92% | 1.00x | 2.73x | $2.00 Billion |
| 2007 | 19.78% | 7.83% | 0.99x | 2.56x | $2.09 Billion |
| 2008 | 29.75% | 7.93% | 1.04x | 3.61x | $3.11 Billion |
| 2009 | 19.08% | 7.28% | 0.94x | 2.78x | $1.82 Billion |
| 2010 | 20.45% | 8.07% | 0.93x | 2.74x | $2.23 Billion |
| 2011 | 22.76% | 8.95% | 0.91x | 2.81x | $2.79 Billion |
| 2012 | 16.47% | 7.40% | 0.65x | 3.45x | $1.68 Billion |
| 2013 | 18.06% | 9.18% | 0.69x | 2.84x | $2.57 Billion |
| 2014 | 19.93% | 10.72% | 0.64x | 2.92x | $3.10 Billion |
| 2015 | 5.72% | 2.78% | 0.64x | 3.20x | $-1.17 Billion |
| 2016 | 18.28% | 8.78% | 0.64x | 3.25x | $2.28 Billion |
| 2017 | 15.37% | 7.61% | 0.62x | 3.27x | $1.59 Billion |
| 2018 | 13.70% | 7.93% | 0.50x | 3.49x | $1.42 Billion |
| 2019 | 13.25% | 12.20% | 0.33x | 3.34x | $1.36 Billion |
| 2020 | -4.88% | -6.21% | 0.35x | 2.25x | $-10.74 Billion |
| 2021 | 5.29% | 6.00% | 0.40x | 2.21x | $-3.44 Billion |
| 2022 | 7.16% | 7.75% | 0.42x | 2.19x | $-2.07 Billion |
| 2023 | 5.65% | 4.90% | 0.43x | 2.71x | $-2.60 Billion |
| 2024 | 7.94% | 5.91% | 0.50x | 2.71x | $-1.24 Billion |
| 2025 | 10.32% | 7.60% | 0.52x | 2.62x | $207.50 Million |
Industry Comparison
This section compares Raytheon Technologies Corp's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $121,635,637
- Average return on equity (ROE) among peers: -1.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Raytheon Technologies Corp (RTX) | $67.14 Billion | 8.13% | 1.55x | $257.28 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $12.51 Million | 89.71% | 5.45x | $0.94 |
| AAC Clyde Space AB (ACCMF) | $43.41 Million | -62.42% | 0.38x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $493.30 Million | -64.32% | 0.16x | $3.35 Billion |
| American Defense Systems Inc (ADFS) | $10.04 Million | -16.29% | 1.51x | $4.85K |
| AAR Corp (AIR) | $585.25 Million | 12.84% | 1.33x | $4.04 Billion |
| Air Industries Group (AIRI) | $-774.42K | 0.00% | 0.00x | $12.27 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-106.24 Million | 0.00% | 0.00x | $159.98 Million |
| Philly Shipyard ASA (AKRRF) | $138.18 Million | 9.85% | 0.94x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $-10.83 | 0.00% | 0.00x | $2.48 Million |
| Astronics Corporation (ATRO) | $40.67 Million | 15.98% | 0.75x | $2.29 Billion |