Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

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).


Total assets exhibited a general upward trajectory over the analyzed period, increasing from 160,608 million USD in March 2021 to 170,431 million USD by March 2026. This growth was primarily driven by a substantial expansion in current assets, while long-term assets experienced a gradual decline.

Current Asset Trends
Current assets grew from 42,552 million USD to 60,009 million USD, representing a significant increase in working capital. This expansion is characterized by three primary drivers: contract assets, which rose from 10,238 million USD to 18,070 million USD; inventory, which increased from 9,498 million USD to 14,153 million USD; and net accounts receivable, which climbed from 10,037 million USD to 12,945 million USD. These trends suggest an increase in operational volume and potentially higher production levels or order backlogs.
Cash and cash equivalents demonstrated volatility, fluctuating between a high of 8,579 million USD in March 2021 and a low of 4,767 million USD in June 2022, before stabilizing in the 5,000 to 7,000 million USD range toward the end of the period.
Long-term Asset Composition
Long-term assets decreased from 118,056 million USD in March 2021 to 110,422 million USD in March 2026. The most notable decline occurred within net intangible assets, which dropped steadily from 39,999 million USD to 31,482 million USD, likely reflecting consistent amortization.
Net fixed assets showed a modest upward trend, increasing from 14,742 million USD to 16,842 million USD. This growth occurred despite a continuous increase in accumulated depreciation, which grew from 11,812 million USD to 18,839 million USD, indicating ongoing capital expenditure in property, plant, and equipment.
Goodwill remained relatively stable, hovering between 52,789 million USD and 54,436 million USD throughout the period, suggesting an absence of significant new acquisitions or major impairment charges.

The overall balance sheet structure reveals a shift toward higher liquidity and operational asset intensity. The growth in contract assets and inventory, paired with the amortization of intangible assets, indicates a transition where value is increasingly held in active operational cycles rather than static long-term intangible holdings.


Assets: Selected Items


Current Assets: Selected Items