Swintenel read
Balanced mix
RTX: +22.6% over the past year. RTX Corporation is an aerospace and defense company that provides systems and services to customers around the world.
→ swintenel analyze RTX
Industrials · Aerospace & Defense
Swintenel read
Balanced mix
RTX: +22.6% over the past year. RTX Corporation is an aerospace and defense company that provides systems and services to customers around the world.
Growth beats expectations and the speculation premium holds — upside if narrative strengthens.
Expectations reset lower — miss risk is elevated with 28% speculation premium priced in.
Price series and mix come from the ticker cache. Quote multiples and annual statements come from FMP when the key is configured. Headlines and earnings dates come from the scan cache. Missing fields stay as dashes — we do not invent a live tape or a buy/sell rating.
Price mix
We split the last price into three parts: what looks backed by earnings today, what already assumes growth, and what is still a bet. This describes the price. It is not a rating.
How much of today's price looks backed by what the company already earns. Not a guess about next year.
How much of the price already assumes growth that looks more like it is on the books, sitting on top of today's earnings.
What is left after those two. The market is paying for a future that still has to show up. That leftover can stay, shrink, or reverse. It is not a score or a buy signal.
Constructive and risk cases sit on Overview. What would break the thesis lives in Thesis check.
When they report
Two things: when you'd hear the next report, and whether profit per share has been going up.
Next report on file is Tue, Oct 20, 2026 · in 31 days. That's when you'd hear the latest numbers.
Last print
Next print
Tue, Oct 20, 2026 · in 31 days
Profit per share is up about 40% versus a year ago.
Options in the cache imply about a 6.9% swing either way. Not a call on up or down.
Sales
Sales
Tue, Oct 20, 2026 · in 31 days
Headlines
Operational memo
What has to stay true, and what would break it. A price drop alone does not count. Street counts stay in the rail; definitions are at the bottom of this page.
The memo bet on RTX: RTX Corporation is an aerospace and defense company that provides systems and services to customers around the world. It sits in Aerospace & Defense.
Full description, quality metrics, and statements live under Depth. This tab is the economics the memo is betting on — and whether the latest facts still match that bet.
When the economics of RTX changed — or looked like they might — here is what that looks like now.
Most recently, RTX reported strong earnings, with revenue delivered at $24.71B versus an estimate of $22.89B, a beat of 7.9%, and EPS at $1.89 versus an estimate of $1.66, a beat of 13.9%. The company's latest annual revenue showed a year-over-year growth of 9.7%, and its gross margin was 20.1%.
The market has seen a 52-week price change of +37.1% for RTX.
To judge whether that matters, you need how the company got here.
Over the past year, RTX has experienced a significant rally, with its stock price increasing by 37.1%. This upward movement has been supported by consistent earnings beats, as seen in the recent quarterly reports where both revenue and EPS exceeded estimates.
The company's latest annual revenue growth of 9.7% and a gross margin of 20.1% indicate a strengthening fundamental performance, building on the thesis that the aerospace and defense sector is benefiting from increased global defense spending.
A large move should make you careful - the relevant history explains why people disagree.
RTX has a history marked by significant volatility, with four drawdowns of 30% or more in the past 20 years. Despite these substantial pullbacks, the company has demonstrated resilience, with its stock achieving a 37.1% gain over the last 52 weeks.
This pattern suggests a cyclical business that can experience sharp declines but also periods of strong recovery, leading to ongoing debate about its long-term stability versus its cyclical upside.
The RTX memo turns on what must stay true, and what would prove it wrong.
RTX Corporation is an aerospace and defense company that provides systems and services to customers around the world. The company has shown solid growth, with revenue increasing by 9.7% year-over-year to $88.6 billion, and its net income stands at $6.7 billion. However, its valuation appears somewhat high, with a forward price-to-earnings ratio of 24.50 and a price-to-sales ratio of 2.78. RTX has a low beta of 0.31, …
Below we track the key markers for this stock. If any of them break, that is a mechanical hit to the thesis. A stock drop alone does not count.
Must be true Price implies ~14%/yr revenue growth, in line with ~8%/yr history.
UncheckedBreaks if: Evidence arrives that directly contradicts: “Price implies ~14%/yr revenue growth, in line with ~8%/yr history.”
Where we look: Not scheduled yet — checkpoint lands when the engine drafts one.
Must be true The growth narrative must hold against current fundamentals.
UncheckedBreaks if: Evidence arrives that directly contradicts: “The growth narrative must hold against current fundamentals.”
Where we look: Not scheduled yet — checkpoint lands when the engine drafts one.
Analyst price targets
Consensus $238.5 · median $240
Range $215 – $250 · +22.9% vs last
via FMP · as of Sep 19, 2026
Street grade mix
0 strong buy · 17 buy · 9 hold · 0 sell · 0 strong sell
26 ratings · FMP label “Buy” — counts only, not a recommendation.
via FMP · as of Sep 19, 2026
Street annual estimates
FY 2026 · revenue $96.21B · EPS $7.25
What analysts publish for the next annual period (15 EPS estimates) — not a Swintenel forecast.
via FMP · as of Sep 19, 2026
RSI
RSI(14) = 30.7 · bar 2026-09-18
RSI (Relative Strength Index) measures recent price momentum on a 0–100 scale. Readings under 30 are often called 'oversold'; over 70 'overbought' — labels for the reading, not trade advice.
via FMP · as of Sep 19, 2026
Insider Form 4 activity
Y2027 Q1: 0 acquire / 1 dispose transactions
Descriptive ownership activity from filings — not a buy/sell signal.
via FMP · as of Sep 19, 2026
Average close
50-day avg $208.05 · 200-day avg $194.17
Simple moving averages of recent closes — context for where price sits, not a signal.
via FMP · as of Sep 19, 2026
Dossier
Cached research in tabs. More filled dots means higher versus other names. Not a rating.
RTX Corp · Industrials · Aerospace & Defense
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 well as regional, business, and general aviation, defense, and commercial space operations. This segment designs, manufactures, and supplies electric power generation and management and distribution, environmental control, flight control, air data and aircraft sensing, engine control, and engine nacelle systems, as well as engine components; cabin interiors, including seating, oxygen, food and beverage preparation, storage and galley, lavatory, and wastewater management systems; connected aviation solutions and services; and systems solutions for connected battlespace, test and training range systems, crew escape systems, and simulation and training. It also provides spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and inf
Reported quality from statements first. More filled dots means higher versus other names. Not a rating.
Ownership, short interest, and Form 4 stats. Named 13F holder tables are not on this FMP tier.
Recent SEC submissions in the scan cache. Titles are as filed.
Digest compiled by Swintenel from SEC EDGAR filings and internal agent research. Not investment advice. Third-party data vendors are not affiliated with Swintenel.