Stock Analysis on Net
Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

RTX Corp., ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net income (loss) attributable to common shareowners1 ÷ Total assets1
Dec 31, 2024 = 100 × ÷
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
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Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
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Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 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$ in millions

The financial data reveals several noteworthy trends over the observed period. Net income attributable to common shareowners generally increased from 2005 through 2015, peaking at 7,608 million US dollars in 2015. This upward trend reflects improved profitability for the majority of the years, despite some fluctuations. However, a significant decline occurred in 2020, with net income turning negative to -3,519 million US dollars, suggesting a considerable loss during that year. Following this drop, net income recovered, reaching 4,774 million US dollars by 2024, though it did not return to the peak levels seen in 2015.

Total assets displayed a steady increase from 45,925 million US dollars in 2005 to 162,861 million US dollars in 2024. Notably, there was a substantial jump in asset value between 2011 and 2014, from approximately 61,452 million to 134,211 million US dollars, indicating a period of significant expansion or acquisition. Asset values remained relatively stable after 2015, with slight fluctuations but no major declines, suggesting sustained investment and asset base growth.

Return on assets (ROA) mirrored the trend seen in net income, with a peak of 8.7% in 2014, indicating strong efficiency in asset utilization at that time. Following this peak, ROA declined to 3.93% in 2018 and turned negative in 2020 at -2.17%, reflecting the loss experienced in that year. Subsequent years saw a partial recovery in ROA, reaching 2.93% by 2024, but remaining below the levels observed during the earlier part of the period.

Net Income Trends
Generally upward from 2005 to 2015, peaking at 7,608 million US dollars.
Sharp loss recorded in 2020 with negative net income of -3,519 million US dollars.
Partial recovery from 2021 to 2024, but peak historic levels were not regained.
Total Assets Trends
Steady growth across the entire period, tripling from approximately 46 billion to 163 billion US dollars.
Marked increase between 2011 and 2014, indicating major investments or acquisitions.
Stable asset base post-2014 with minor fluctuations.
Return on Assets (ROA) Trends
Peaked in 2014 at 8.7%, showing high asset efficiency.
Gradual decline from peak through 2018, turning negative in 2020.
Partial rebound after 2020 but remaining well below peak levels.

Overall, the data suggests a period of growth and profitability up to the mid-2010s, followed by a significant downturn around 2020, likely impacting operational efficiency and profitability. Asset growth remained positive throughout, supporting potential for future recovery and expansion. The return on assets aligns closely with net income trends, reflecting the impact of earnings volatility on asset utilization efficiency.

Comparison to Competitors

RTX Corp., ROA, long-term trends, comparison to competitors

Microsoft Excel
RTX Corp. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp.
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 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., ROA, long-term trends, comparison to sector (capital goods)

Microsoft Excel
RTX Corp. Capital Goods
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
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Dec 31, 2018
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Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 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., ROA, long-term trends, comparison to industry (industrials)

Microsoft Excel
RTX Corp. Industrials
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
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Dec 31, 2018
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Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
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Dec 31, 2006
Dec 31, 2005

Based on: 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).