Price to Sales (P/S)
since 2005
Calculation
RTX Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 6, 2026 | 3.01 | = | 198.66 | ÷ | 66.01 | 66.01 | = | 88,603 | ÷ | 1,342,287,676 | |
| Feb 3, 2025 | 2.14 | = | 129.92 | ÷ | 60.61 | 60.61 | = | 80,738 | ÷ | 1,332,122,758 | |
| Feb 5, 2024 | 1.78 | = | 92.24 | ÷ | 51.94 | 51.94 | = | 68,920 | ÷ | 1,326,826,896 | |
| Feb 7, 2023 | 2.14 | = | 97.87 | ÷ | 45.79 | 45.79 | = | 67,074 | ÷ | 1,464,954,584 | |
| Feb 11, 2022 | 2.21 | = | 95.27 | ÷ | 43.15 | 43.15 | = | 64,388 | ÷ | 1,492,330,987 | |
| Feb 8, 2021 | 1.95 | = | 72.49 | ÷ | 37.24 | 37.24 | = | 56,587 | ÷ | 1,519,478,134 | |
| Feb 6, 2020 | 1.75 | = | 156.20 | ÷ | 89.04 | 89.04 | = | 77,046 | ÷ | 865,308,981 | |
| Feb 7, 2019 | 1.56 | = | 120.72 | ÷ | 77.17 | 77.17 | = | 66,501 | ÷ | 861,748,797 | |
| Feb 9, 2018 | 1.67 | = | 125.03 | ÷ | 74.82 | 74.82 | = | 59,837 | ÷ | 799,778,295 | |
| Feb 9, 2017 | 1.55 | = | 110.09 | ÷ | 71.03 | 71.03 | = | 57,244 | ÷ | 805,861,740 | |
| Feb 11, 2016 | 1.26 | = | 84.66 | ÷ | 67.07 | 67.07 | = | 56,098 | ÷ | 836,432,010 | |
| Feb 5, 2015 | 1.67 | = | 120.11 | ÷ | 71.76 | 71.76 | = | 65,100 | ÷ | 907,156,995 | |
| Feb 6, 2014 | 1.60 | = | 109.45 | ÷ | 68.43 | 68.43 | = | 62,626 | ÷ | 915,236,403 | |
| Feb 7, 2013 | 1.43 | = | 89.95 | ÷ | 62.96 | 62.96 | = | 57,708 | ÷ | 916,639,918 | |
| Feb 9, 2012 | 1.31 | = | 83.78 | ÷ | 64.03 | 64.03 | = | 58,190 | ÷ | 908,863,486 | |
| Feb 10, 2011 | 1.44 | = | 84.75 | ÷ | 59.02 | 59.02 | = | 54,326 | ÷ | 920,456,248 | |
| Feb 11, 2010 | 1.19 | = | 66.71 | ÷ | 55.93 | 55.93 | = | 52,425 | ÷ | 937,400,008 | |
| Feb 11, 2009 | 0.77 | = | 47.62 | ÷ | 61.60 | 61.60 | = | 58,043 | ÷ | 942,294,242 | |
| Feb 7, 2008 | 1.30 | = | 71.47 | ÷ | 54.93 | 54.93 | = | 53,919 | ÷ | 981,518,066 | |
| Feb 8, 2007 | 1.44 | = | 68.05 | ÷ | 47.32 | 47.32 | = | 47,118 | ÷ | 995,786,259 | |
| Feb 9, 2006 | 1.36 | = | 56.71 | ÷ | 41.64 | 41.64 | = | 42,278 | ÷ | 1,015,427,109 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of RTX Corp. Annual Report.
The price-to-sales ratio exhibited fluctuating behavior between 2006 and 2026. An initial period of relative stability, followed by significant volatility, and then a concluding upward trend is observed.
- Initial Period (2006-2008)
- The price-to-sales ratio began at 1.36 in 2006, increased to 1.44 in 2007, and then slightly decreased to 1.30 in 2008. This suggests a generally consistent valuation relative to sales during this timeframe, with minor fluctuations.
- Significant Decline (2009)
- A substantial decrease in the price-to-sales ratio occurred in 2009, falling to 0.77. This represents the lowest value observed throughout the analyzed period and likely reflects broader economic conditions impacting investor sentiment.
- Recovery and Stability (2010-2012)
- The ratio experienced a recovery, rising to 1.19 in 2010 and 1.44 in 2011, before settling at 1.31 in 2012. This indicates a return towards pre-decline valuation levels, though not a complete restoration.
- Moderate Fluctuations (2013-2015)
- From 2013 to 2015, the price-to-sales ratio demonstrated moderate fluctuations, increasing from 1.43 to 1.67. This suggests a period of relatively stable, albeit increasing, valuation.
- Decline and Rebound (2016-2018)
- The ratio decreased to 1.26 in 2016, then rebounded to 1.55 in 2017 and 1.67 in 2018. This pattern indicates some volatility, but generally maintained a valuation above the levels seen in the early 2010s.
- Increase and Peak (2019-2021)
- A consistent increase was observed from 2019 to 2021, with the ratio rising from 1.75 to 2.21. This represents a peak in the observed period, suggesting increasing investor confidence or expectations regarding future sales growth.
- Recent Trends (2022-2026)
- Following the peak, the ratio decreased slightly to 2.14 in 2022, then to 1.78 in 2023, before increasing significantly to 3.01 in 2026. This recent surge suggests a renewed positive outlook or a potential re-evaluation of the company’s sales potential.
Overall, the price-to-sales ratio demonstrates sensitivity to external factors, as evidenced by the sharp decline in 2009. The latter portion of the analyzed period shows a clear upward trend, culminating in a substantial increase in the most recent year, indicating a potentially changing market perception of the company’s value relative to its sales.
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Comparison to Competitors
RTX Corp., P/S, long-term trends, comparison to competitors
| RTX Corp. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | |
|---|---|---|---|---|---|---|---|
| Feb 6, 2026 | 3.01 | 2.05 | 5.63 | 5.29 | 7.41 | 4.12 | 1.91 |
| Feb 3, 2025 | 2.14 | 1.98 | 2.75 | 4.58 | 6.24 | 3.42 | 1.52 |
| Feb 5, 2024 | 1.78 | 1.66 | 2.52 | 4.98 | 2.30 | 3.51 | 1.57 |
| Feb 7, 2023 | 2.14 | 1.90 | 2.27 | 3.31 | 1.20 | 3.78 | 1.78 |
| Feb 11, 2022 | 2.21 | 1.87 | 2.26 | 3.03 | 1.50 | 3.73 | 1.57 |
| Feb 8, 2021 | 1.95 | 1.96 | 2.83 | 2.96 | 1.41 | 4.34 | 1.40 |
| Feb 6, 2020 | 1.75 | 2.34 | 1.48 | 1.87 | 1.18 | 3.51 | 2.07 |
| Feb 7, 2019 | 1.56 | 2.26 | 1.47 | 1.58 | 0.82 | 2.59 | 1.58 |
| Feb 9, 2018 | 1.67 | 2.17 | 2.24 | 1.74 | 1.11 | 2.74 | 1.91 |
| Feb 9, 2017 | 1.55 | 1.06 | 1.62 | 1.65 | 2.39 | 2.36 | 1.59 |
| Feb 11, 2016 | 1.26 | 0.80 | 0.86 | 1.25 | 2.59 | 2.06 | 1.43 |
| Feb 5, 2015 | 1.67 | 1.15 | 0.99 | 1.49 | 2.45 | 2.03 | 1.34 |
| Feb 6, 2014 | 1.60 | 1.12 | 1.17 | 1.63 | 2.54 | 1.90 | 1.15 |
| Feb 7, 2013 | 1.43 | 0.70 | 0.99 | 1.79 | 2.39 | 1.46 | 0.60 |
| Feb 9, 2012 | 1.31 | 0.82 | 1.30 | 1.08 | 2.15 | 1.28 | 0.62 |
| Feb 10, 2011 | 1.44 | 0.83 | 1.63 | 1.33 | 2.20 | 1.36 | 0.61 |
| Feb 11, 2010 | 1.19 | 0.64 | 1.23 | 0.95 | 1.66 | 0.94 | 0.64 |
| Feb 11, 2009 | 0.77 | 0.51 | 0.33 | 0.39 | 1.02 | 0.66 | 0.64 |
| Feb 7, 2008 | 1.30 | 0.98 | 1.06 | 0.91 | 3.45 | 1.21 | 1.03 |
| Feb 8, 2007 | 1.44 | 1.17 | 1.12 | 0.96 | 3.54 | 1.22 | 1.08 |
| Feb 9, 2006 | 1.36 | 1.06 | 1.44 | 0.93 | 3.72 | 1.24 | 0.86 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
RTX Corp., P/S, long-term trends, comparison to sector (capital goods)
| RTX Corp. | Capital Goods | |
|---|---|---|
| Feb 6, 2026 | 3.01 | 3.69 |
| Feb 3, 2025 | 2.14 | 2.77 |
| Feb 5, 2024 | 1.78 | 2.26 |
| Feb 7, 2023 | 2.14 | 2.09 |
| Feb 11, 2022 | 2.21 | 2.09 |
| Feb 8, 2021 | 1.95 | 2.11 |
| Feb 6, 2020 | 1.75 | 1.92 |
| Feb 7, 2019 | 1.56 | 1.62 |
| Feb 9, 2018 | 1.67 | 1.82 |
| Feb 9, 2017 | 1.55 | 1.76 |
| Feb 11, 2016 | 1.26 | 1.55 |
| Feb 5, 2015 | 1.67 | 1.66 |
| Feb 6, 2014 | 1.60 | 1.66 |
| Feb 7, 2013 | 1.43 | 1.37 |
| Feb 9, 2012 | 1.31 | 1.33 |
| Feb 10, 2011 | 1.44 | 1.45 |
| Feb 11, 2010 | 1.19 | 1.12 |
| Feb 11, 2009 | 0.77 | 0.71 |
| Feb 7, 2008 | 1.30 | 1.76 |
| Feb 8, 2007 | 1.44 | 1.91 |
| Feb 9, 2006 | 1.36 | 1.95 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
RTX Corp., P/S, long-term trends, comparison to industry (industrials)
| RTX Corp. | Industrials | |
|---|---|---|
| Feb 6, 2026 | 3.01 | 2.78 |
| Feb 3, 2025 | 2.14 | 2.29 |
| Feb 5, 2024 | 1.78 | 2.06 |
| Feb 7, 2023 | 2.14 | 1.80 |
| Feb 11, 2022 | 2.21 | 2.07 |
| Feb 8, 2021 | 1.95 | 2.14 |
| Feb 6, 2020 | 1.75 | 1.77 |
| Feb 7, 2019 | 1.56 | 1.58 |
| Feb 9, 2018 | 1.67 | 1.71 |
| Feb 9, 2017 | 1.55 | 1.68 |
| Feb 11, 2016 | 1.26 | 1.48 |
| Feb 5, 2015 | 1.67 | 1.65 |
| Feb 6, 2014 | 1.60 | 1.57 |
| Feb 7, 2013 | 1.43 | 1.31 |
| Feb 9, 2012 | 1.31 | 1.27 |
| Feb 10, 2011 | 1.44 | 1.39 |
| Feb 11, 2010 | 1.19 | 1.09 |
| Feb 11, 2009 | 0.77 | 0.71 |
| Feb 7, 2008 | 1.30 | 1.62 |
| Feb 8, 2007 | 1.44 | 1.73 |
| Feb 9, 2006 | 1.36 | 1.80 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).