RTX Corp. (NYSE:RTX)

The financial data indicates several notable trends in the key metrics of share price, operating profit per share, and the price-to-operating profit (P/OP) ratio over the examined periods.

Share Price

The share price has exhibited substantial fluctuations over the years. Initially, there was an upward trend from 56.71 US$ in early 2006 to a peak around 156.2 US$ in early 2020. However, this growth is interrupted by a steep decline post-2020, reaching a low of 72.49 US$ in 2021, followed by a moderate recovery in subsequent years up to 129.92 US$ by early 2025. This pattern suggests volatility, with significant downward adjustments likely reflecting broader market or company-specific challenges.

Operating Profit Per Share

The operating profit per share rose from 5.1 US$ in 2006 to a peak above 10 US$ in the mid-2010s, demonstrating consistent profitability growth early on. Starting from 2020, there is a marked decline highlighted by a negative operating profit per share (-1.24 US$) in 2021. Although partial recovery is observed afterward, the values remain below the previous highs, indicating pressures on operational profitability in the most recent years.

Price-to-Operating Profit (P/OP) Ratio

The P/OP ratio mostly ranged between approximately 9 and 12 during the initial periods, reflecting a relatively stable relationship between the share price and operating profit. A data gap exists in 2021, but from 2022 onwards, there is a pronounced spike in the ratio, peaking at values above 30, which indicates that the share price remained relatively high despite lower profitability. This divergence points to a possible market expectation of future improvements or other factors influencing valuation beyond current operating earnings.

In summary, the data reveals initial steady growth in profitability and share price, disrupted by a significant downturn starting around 2020. The growing disconnect between share price and operating profit per share from 2022 onward suggests increased valuation risk or changing investor sentiment. Continued monitoring of profitability and market valuation metrics would be essential to assess ongoing financial health and investor confidence accurately.