Stock Analysis on Net
Stock Analysis on Net

RTX Corp. (NYSE:RTX)

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Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
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: 2026-03-31), 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 composition exhibits a systemic shift from long-term to current assets over the analyzed period. Total current assets increased from 26.49% in March 2021 to 35.21% by March 2026, while long-term assets decreased from 73.51% to 64.79% during the same timeframe. This transition indicates a growing proportion of the balance sheet dedicated to short-term operational liquidity and working capital.

Current Asset Trends
A marked increase is observed in contract assets, which grew from 6.37% to 10.60%, representing one of the most significant expansions in the asset mix. Inventory levels also followed an upward trajectory, rising from 5.91% to 8.30%. Accounts receivable showed a gradual increase from 6.25% to 7.60%. In contrast, cash and cash equivalents experienced a general decline, falling from 5.34% to 4.00%, with a periodic low of 2.86% in June 2025.
Intangible and Long-term Asset Erosion
The reduction in long-term assets is primarily driven by a contraction in intangible assets, net, which fell sharply from 24.90% to 18.47%. Goodwill also saw a steady decrease from 33.79% to 31.26%. These trends suggest a consistent reduction in the relative weight of amortizable and non-amortizable intangible assets within the total asset base.
Fixed Asset and Depreciation Analysis
Gross fixed assets increased from 16.53% to 20.94%, indicating continued investment in physical infrastructure. However, this was offset by an increase in accumulated depreciation, which moved from -7.35% to -11.05%. Consequently, net fixed assets remained relatively stable, fluctuating within a narrow range between approximately 9.1% and 9.9% of total assets.
Other Asset Components
Customer financing assets experienced a slow but consistent decline, moving from 1.92% to 1.20%. Other current assets showed an upward trend, increasing from 2.62% to 4.71%, while other long-term assets remained volatile, ending at 2.94% compared to 2.53% at the start of the period.