Stock Analysis on Net
Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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RTX Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 3, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Accounts receivable, net
Contract assets, net
Inventory, net
Other assets, current
Current assets
Customer financing assets
Fixed assets
Accumulated depreciation
Fixed assets, net
Operating lease right-of-use assets
Goodwill
Intangible assets, net
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-03), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The asset structure of the organization exhibits a clear transition from a long-term, intangible-heavy composition toward a higher concentration of current operating assets. Over the analyzed period, current assets increased from 26.49% of total assets in March 2021 to 36.74% by June 2026, while long-term assets concurrently declined from 73.51% to 63.26%.

Current Asset Dynamics
A significant expansion is observed in contract assets, which grew from 6.37% to 10.91%, indicating a higher proportion of unbilled receivables or performance obligations. Inventory levels also trended upward, rising from 5.91% to 8.28%, suggesting increased production or stockpiling. Accounts receivable showed a general increase, moving from 6.25% to 8.01%, contributing to the overall growth in the current asset base.
Intangible and Goodwill Trends
There is a consistent downward trend in the proportion of intangible assets, which fell from 24.90% to 17.84%. Similarly, goodwill experienced a gradual decline from 33.79% to 30.42%. This suggests the impact of systematic amortization and potential impairments, with fewer new acquisitions offsetting these reductions relative to total asset growth.
Fixed Asset Analysis
Gross fixed assets increased from 16.53% to 20.75% of total assets. However, this was accompanied by a rise in accumulated depreciation, which moved from -7.35% to -11.00%. Consequently, net fixed assets remained relatively stable, fluctuating within a narrow band between 9.14% and 9.88% throughout the period.
Liquidity and Other Asset Positions
Cash and cash equivalents exhibited volatility without a clear linear trend, starting at 5.34%, dipping to 2.86% in June 2025, and recovering to 4.77% by June 2026. Customer financing assets showed a steady contraction, decreasing from 1.92% to 1.09%, reflecting a reduced reliance on this specific asset class.

The overall trend indicates an operational shift where the balance sheet is becoming more liquid and more heavily weighted toward active production and contract fulfillment assets, while the relative influence of legacy acquisition-related intangibles is diminishing.