RTX Corporation (RTX) - Net Assets
Based on the latest financial reports, RTX Corporation (RTX) has net assets worth $68.03 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($170.43 Billion) and total liabilities ($102.40 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. Check RTX Corporation (RTX) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $68.03 Billion |
| % of Total Assets | 39.92% |
| Annual Growth Rate | 7.41% |
| 5-Year Change | -10.12% |
| 10-Year Change | 127.86% |
| Growth Volatility | 17.7 |
RTX Corporation - Net Assets Trend (1985–2025)
This chart illustrates how RTX Corporation's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of RTX Corporation to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for RTX Corporation (1985–2025)
The table below shows the annual net assets of RTX Corporation from 1985 to 2025. For live valuation and market cap data, see how much is RTX Corporation worth.
| 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 RTX Corporation'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% |
RTX Corporation Competitors by Market Cap
The table below lists competitors of RTX Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Construction Bank Corporation
F:C6T
|
$249.31 Billion |
|
Roche Holding AG
SW:ROP
|
$250.86 Billion |
|
Wells Fargo & Company
NYSE:WFC
|
$252.16 Billion |
|
AstraZeneca PLC
F:ZEGA
|
$252.57 Billion |
|
Westpac Banking Corporation
AU:WBCPI
|
$243.39 Billion |
|
Shell PLC ADR
NYSE:SHEL
|
$239.42 Billion |
|
Goldman Sachs Group Inc
NYSE:GS
|
$236.20 Billion |
|
PetroChina Co Ltd Class A
SHG:601857
|
$235.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RTX Corporation'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 RTX Corporation'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: 3.88x
- 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 47.75x to 3.88x 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 | $186.77 | x |
| 1986-12-31 | $3.64 | $186.77 | x |
| 1987-12-31 | $4.11 | $186.77 | x |
| 1988-12-31 | $4.61 | $186.77 | x |
| 1989-12-31 | $4.89 | $186.77 | x |
| 1990-12-31 | $5.60 | $186.77 | x |
| 1991-12-31 | $4.19 | $186.77 | x |
| 1992-12-31 | $3.56 | $186.77 | x |
| 1993-12-31 | $3.74 | $186.77 | x |
| 1994-12-31 | $4.15 | $186.77 | x |
| 1995-12-31 | $4.53 | $186.77 | x |
| 1996-12-31 | $4.98 | $186.77 | x |
| 1997-12-31 | $4.94 | $186.77 | x |
| 1998-12-31 | $5.37 | $186.77 | x |
| 1999-12-31 | $7.60 | $186.77 | x |
| 2000-12-31 | $7.54 | $186.77 | x |
| 2001-12-31 | $8.28 | $186.77 | x |
| 2002-12-31 | $8.26 | $186.77 | x |
| 2003-12-31 | $11.55 | $186.77 | x |
| 2004-12-31 | $14.11 | $186.77 | x |
| 2005-12-31 | $16.76 | $186.77 | x |
| 2006-12-31 | $17.19 | $186.77 | x |
| 2007-12-31 | $21.59 | $186.77 | x |
| 2008-12-31 | $16.49 | $186.77 | x |
| 2009-12-31 | $21.60 | $186.77 | x |
| 2010-12-31 | $23.17 | $186.77 | x |
| 2011-12-31 | $24.12 | $186.77 | x |
| 2012-12-31 | $28.59 | $186.77 | x |
| 2013-12-31 | $34.83 | $186.77 | x |
| 2014-12-31 | $34.22 | $186.77 | x |
| 2015-12-31 | $30.98 | $186.77 | x |
| 2016-12-31 | $33.39 | $186.77 | x |
| 2017-12-31 | $37.06 | $186.77 | x |
| 2018-12-31 | $47.46 | $186.77 | x |
| 2019-12-31 | $48.35 | $186.77 | x |
| 2020-12-31 | $53.15 | $186.77 | x |
| 2021-12-31 | $48.44 | $186.77 | x |
| 2022-12-31 | $48.88 | $186.77 | x |
| 2023-12-31 | $41.66 | $186.77 | x |
| 2024-12-31 | $44.77 | $186.77 | x |
| 2025-12-31 | $48.10 | $186.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RTX Corporation 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 (14.82%), 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% | -4.90% | 1.30x | 3.91x | $-1.43 Billion |
| 1992 | -8.15% | -1.33% | 1.36x | 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% | 3.98% | 1.36x | 3.53x | $432.00 Million |
| 1997 | 23.70% | 5.09% | 1.28x | 3.63x | $619.70 Million |
| 1998 | 25.96% | 5.51% | 1.28x | 3.68x | $771.60 Million |
| 1999 | 20.24% | 6.42% | 0.98x | 3.22x | $774.40 Million |
| 2000 | 23.60% | 6.80% | 1.05x | 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 | 18.74% | 7.14% | 0.93x | 2.83x | $1.25 Billion |
| 2005 | 18.06% | 7.18% | 0.93x | 2.70x | $1.37 Billion |
| 2006 | 21.58% | 7.80% | 1.01x | 2.73x | $2.00 Billion |
| 2007 | 19.78% | 7.71% | 1.00x | 2.56x | $2.09 Billion |
| 2008 | 29.75% | 7.85% | 1.05x | 3.61x | $3.11 Billion |
| 2009 | 19.08% | 7.30% | 0.94x | 2.78x | $1.82 Billion |
| 2010 | 20.45% | 8.37% | 0.89x | 2.74x | $2.23 Billion |
| 2011 | 22.76% | 8.93% | 0.91x | 2.81x | $2.79 Billion |
| 2012 | 19.80% | 8.89% | 0.65x | 3.45x | $2.54 Billion |
| 2013 | 17.95% | 10.11% | 0.62x | 2.84x | $2.53 Billion |
| 2014 | 19.93% | 10.74% | 0.63x | 2.92x | $3.10 Billion |
| 2015 | 27.81% | 13.56% | 0.64x | 3.20x | $4.87 Billion |
| 2016 | 18.33% | 8.83% | 0.64x | 3.25x | $2.30 Billion |
| 2017 | 15.37% | 7.61% | 0.62x | 3.27x | $1.59 Billion |
| 2018 | 13.70% | 15.18% | 0.26x | 3.49x | $1.42 Billion |
| 2019 | 13.25% | 12.21% | 0.32x | 3.34x | $1.36 Billion |
| 2020 | -4.88% | -6.22% | 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 RTX Corporation's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,125,529,522
- Average return on equity (ROE) among peers: 1.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RTX Corporation (RTX) | $68.03 Billion | 8.13% | 1.51x | $244.50 Billion |
| Archer Aviation Inc (ACHR) | $35.90 Million | -69.08% | 0.16x | $4.15 Billion |
| AAR Corp (AIR) | $494.24 Million | 11.87% | 1.16x | $4.68 Billion |
| Air Industries Group (AIRI) | $-1.27 Million | 0.00% | 0.00x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $-106.24 Million | 0.00% | 0.00x | $216.63 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $4.20 Billion | -1.19% | 0.64x | $2.87 Billion |
| Astronics Corporation (ATRO) | $18.20 Million | 19.78% | 0.66x | $2.41 Billion |
| AeroVironment Inc (AVAV) | $462.57 Million | 10.26% | 0.10x | $8.44 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $1.01 Billion |
| Axon Enterprise Inc. (AXON) | $103.87 Million | 1.02% | 0.08x | $35.09 Billion |
| The Boeing Company (BA) | $5.46 Billion | 40.96% | 29.83x | $174.71 Billion |
About RTX Corporation
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