RTX Corporation (RTX)财务
NYSE · Industrials · Aerospace & Defense · 员工180,000人 · CEO Christopher T. Calio
- 股价
- $199.80 +0.20%
- 市值
- $2700亿
- 企业价值
- $2990亿
- 最近财报
- Q3 '26 2026-10-20提交
- 下次财报
- 2027-01-26 EPS预期 $1.83
营收(TTM)$960亿+11.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)11.8%+1.5 百分点 对比去年同期营业利润 $113亿
净利润(TTM)$85.3亿+29.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$91.3亿+86.6% 对比去年同期资本支出 $33.1亿
稀释EPS(TTM)$6.16+26.5% 对比去年同期最近4个季度之和
净现金-$297亿+14.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $2700亿 EV $2990亿
- 营收
- $960亿 过去12个月
- 营收增速
- +10% FY2026年一致预期
- 净利润率
- 8.9% 净利润 / 营收,TTM
- P/E
- 32.1× 预期 26.0×(FY2026)
- P/S
- 2.8× 股价 / 营收,TTM
- EV / EBITDA
- 17.8× TTM
- 自由现金流
- $91.3亿 过去12个月
- 净利润
- $85.3亿 过去12个月
- 营收预期
- $975亿 FY2026年一致预期
- 盈利
- 2027-01-26 营收预期 $259亿
- 股息
- $2.82 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-20):营收超预期3.5%,EPS 超预期27.0%营收$250亿,预期$241亿(+3.5%);EPS $2.26,预期$1.78(+27.0%)。
- 营收增长平稳:同比11.1%Q3 '26营收$250亿,此前四个季度的平均值为11.8%。
- 营业利润率11.8%(TTM),较去年同期+1.5 百分点营收增长11.6%,营业利润增长28.2%。
- 资本支出占营收的3.4%(去年为3.6%)最近4个季度投入$33.1亿(同比+7.6%)。自由现金流$91.3亿,相当于净利润的107.0%。
- 股东回报$38亿 = 自由现金流的41.6%回购$0(去年为$1亿),股息$38亿,股权激励$12.5亿(TTM)。
- 稀释股数一年内增加0.7%Q3 '26稀释股数13.7亿,一年前为13.6亿。
- 净债务 $297亿现金 + 短期投资 $91.7亿,含租赁债务 $389亿;一年前净债务 $347亿。
- Raytheon:营收+14.2%,利润率14.2%(此前为12.3%)Q3 '26增长最快的披露分部:营收$80亿,营业利润$11.3亿(来自财报的分部附注)。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $250亿 | $225亿 | +11.1% |
| 毛利率 | 23.3% | 20.4% | +2.9 百分点 |
| 营业利润 | $33.4亿 | $25.2亿 | +32.3% |
| 营业利润率 | 13.4% | 11.2% | +2.1 百分点 |
| 净利润 | $27.1亿 | $19.2亿 | +41.2% |
| 稀释EPS | $1.89 | $1.41 | +34.0% |
| 经营现金流 | $28.7亿 | $46.4亿 | -38.2% |
| 资本支出 | $8.22亿 | $7.35亿 | +11.8% |
| 自由现金流 | $20.5亿 | $39亿 | -47.6% |
| R&D | $7.11亿 | $6.84亿 | +3.9% |
| 股权激励费用 | $2.94亿 | $2.41亿 | +22.0% |
实际 vs 一致预期
2026-10-20| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $250亿 | $241亿 | +3.5% |
| EPS(一致预期口径) | $2.26 | $1.78 | +27.0% |
来自2026-10-20发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Pratt and Whitney | $92.3亿 | +9.6% | 36.0% | $434亿 | – | |
| Collins Aerospace Systems | $83.8亿 | +10.0% | 32.7% | $396亿 | – | |
| Raytheon Intelligence & Space | $80.3亿 | +14.0% | 31.3% | $379亿 | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $132亿 | +12.8% | 55.2% | – | – | |
| Europe | $56.7亿 | +8.5% | 23.6% | $251亿 | – | |
| Asia Pacific | $35.2亿 | -1.3% | 14.7% | $176亿 | – | |
| Other | $15.6亿 | +27.7% | 6.5% | $73.8亿 | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Pratt And Whitney | $92.2亿 | +9.4% | $6.08亿 | -19.0% | 6.6% | 8.9% | $28.3亿 |
| Raytheon | $80亿 | +14.2% | $11.3亿 | +31.9% | 14.2% | 12.3% | $39亿 |
| Collins Aerospace | $77亿 | +9.9% | $17.9亿 | +42.0% | 23.2% | 18.0% | $58亿 |
| Corporate (unallocated) | – | – | -$2600万 | -4.0% | – | – | -$2.76亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $124亿
- 资本支出
- -$33.1亿
- 股票回购
- $0
- 股息
- -$38亿
- 收购
- $7.43亿
- 债务净发行
- -$16.7亿
- 股权激励费用
- $12.5亿
- 自由现金流
- $91.3亿
- 股东回报 / FCF
- 41.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 32.1× | 33.7× | 28.7× – 37.6× |
| EV / EBITDA | 17.8× | 15.9× | 14.1× – 18.6× |
| EV / 营收 | 3.1× | 2.6× | 2.3× – 3.1× |
| 股价 / FCF | 29.5× | 30.7× | 25.4× – 34.0× |
| 股价 / 净资产 | 3.9× | 2.4× | 1.8× – 3.8× |
| FCF收益率 | 3.4% | 3.3% | 2.9% – 3.9% |
| 投入资本回报率 | 7.7% | 4.2% | 2.7% – 6.5% |
| 净资产收益率 | 12.8% | 7.2% | 5.3% – 10.3% |
分析师
一致目标价 $232.18 (+16.2%)
区间 $208.00 – $250.00 · 评级 Buy
强烈买入0
买入18
持有8
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $975亿 | +10.0% | $7.69 | +55.0% | 26.0× | 15 |
| FY2027 | $1050亿 | +8.1% | $8.11 | +5.5% | 24.6× | 15 |
| FY2028 | $1140亿 | +7.8% | $9.03 | +11.3% | 22.1× | 12 |
| FY2029 | $1190亿 | +5.1% | $9.80 | +8.5% | 20.4× | 9 |
| FY2030 | $1250亿 | +5.1% | $10.65 | +8.7% | 18.8× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
RTX Corporation在近期10-Q / 10-K文件中标记的全部288项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accelerated Share Repurchases, Settlement (Payment) or Receipt | – | – | – | -$2.61亿2024-09-30 | – | – |
| Accounts Payable, Current | $178亿 | $146亿 | +22.3% | $159亿 | $129亿 | +23.2% |
| Accounts Receivable, after Allowance for Credit Loss | $147亿 | $128亿 | +14.4% | $147亿 | $110亿 | +33.9% |
| Accounts Receivable, Allowance for Credit Loss | $4.15亿 | $3.4亿 | +22.1% | $3.4亿 | $2.89亿 | +17.6% |
| Accounts Receivable, Allowance for Credit Loss, Current | $3.4亿2025-12-31 | $2.89亿 | +17.6% | $3.4亿 | $2.89亿 | +17.6% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $1200万 | $700万 | +71.4% |
| Accounts Receivable, before Allowance for Credit Loss | $151亿 | $132亿 | +14.6% | – | – | – |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $6400万 | -$1400万 | +557.1% |
| Accrual for Environmental Loss Contingencies | $8亿 | $8亿 | 0.0% | $8亿 | $8亿 | 0.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $195亿 | $180亿 | +8.0% | $185亿 | $167亿 | +10.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$33.1亿 | -$24.3亿 | -36.0% | -$27.2亿 | -$37.6亿 | +27.6% |
| Amortization of Intangible Assets | $4.96亿 | $5.2亿 | -4.6% | $21亿 | $22亿 | -4.5% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 120万 | 70万 | +71.4% | 140万 | 480万 | -70.8% |
| Assets | $1770亿 | $1690亿 | +4.7% | $1710亿 | $1630亿 | +5.0% |
| Assets, Current | $661亿 | $571亿 | +15.7% | $603亿 | $511亿 | +18.0% |
| Bridge Loan | – | – | – | $100亿2023-12-31 | – | – |
| Buildings and Improvements, Gross | $91.9亿2025-12-31 | $86.2亿 | +6.7% | $91.9亿 | $86.2亿 | +6.7% |
| Capitalized Contract Cost, Net | $27亿2025-12-31 | $25亿 | +8.0% | $27亿 | $25亿 | +8.0% |
| Cash and Cash Equivalents, at Carrying Value | $91.7亿 | $59.7亿 | +53.8% | $74.4亿 | $55.8亿 | +33.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $92.3亿 | $60亿 | +53.7% | $74.7亿 | $56.1亿 | +33.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $8.38亿 | $11.8亿 | -28.8% | $18.6亿 | -$10.2亿 | +282.7% |
| Commercial Paper | $0 | $0 | – | $0 | $0 | – |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | – | $2.67 | $2.48 | +7.7% |
| Common Stock, Par or Stated Value Per Share | $1.002025-12-31 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 40亿2025-12-31 | 40亿 | 0.0% | 40亿 | 40亿 | 0.0% |
| Common Stock, Shares, Issued | 17.3亿2025-12-31 | 17.2亿 | +0.4% | 17.3亿 | 17.2亿 | +0.4% |
| Common Stocks, Including Additional Paid in Capital | $387亿 | $379亿 | +2.1% | $381亿 | $374亿 | +1.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $1.25亿 | $8800万 | +42.0% | $3.37亿 | $2.39亿 | +41.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $25.8亿 | $18.8亿 | +37.7% | $77.7亿 | $34.4亿 | +126.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $27.1亿 | $19.7亿 | +37.9% | $81.1亿 | $36.8亿 | +120.5% |
| Construction in Progress, Gross | $38.7亿2025-12-31 | $37.4亿 | +3.5% | $38.7亿 | $37.4亿 | +3.5% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $187亿 | $166亿 | +12.6% | $171亿 | $146亿 | +17.3% |
| Contract with Customer, Asset, Allowance for Credit Loss | $6.76亿2025-12-31 | $4.91亿 | +37.7% | $6.76亿 | $4.91亿 | +37.7% |
| Contract with Customer, Asset, Allowance for Credit Loss, Current | $9.39亿 | – | – | – | – | – |
| Contract with Customer, Asset, Allowance for Credit Loss, Period Increase (Decrease) | $6亿 | – | – | – | – | – |
| Contract with Customer, Asset, Allowance for Credit Loss, Writeoff | – | – | – | $0 | $0 | – |
| Contract with Customer, Asset, before Allowance for Credit Loss, Current | $196亿 | – | – | – | – | – |
| Contract with Customer, Asset, Credit Loss Expense (Reversal) | – | – | – | $1.85亿 | $2.94亿 | -37.1% |
| Contract with Customer, Liability, Current | $216亿 | $201亿 | +7.2% | $216亿 | $186亿 | +16.1% |
| Contract with Customer, Liability, Revenue Recognized | $23亿 | $15亿 | +53.3% | $81亿 | $72亿 | +12.5% |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $9200万 | -$1800万 | +611.1% | -$2.08亿 | -$1.44亿 | -44.4% |
| Contractual Obligation | $5.76亿2025-12-31 | $6.54亿 | -11.9% | $5.76亿 | $6.54亿 | -11.9% |
| Contractual Obligation, to be Paid, after Year Five | $1.86亿2025-12-31 | $2.63亿 | -29.3% | $1.86亿 | $2.63亿 | -29.3% |
| Contractual Obligation, to be Paid, Year Five | $7400万2025-12-31 | $7000万 | +5.7% | $7400万 | $7000万 | +5.7% |
| Contractual Obligation, to be Paid, Year Four | $8200万2025-12-31 | $8300万 | -1.2% | $8200万 | $8300万 | -1.2% |
| Contractual Obligation, to be Paid, Year One | $6900万2025-12-31 | $7100万 | -2.8% | $6900万 | $7100万 | -2.8% |
| Contractual Obligation, to be Paid, Year Three | $8400万2025-12-31 | $8500万 | -1.2% | $8400万 | $8500万 | -1.2% |
| Contractual Obligation, to be Paid, Year Two | $8100万2025-12-31 | $8200万 | -1.2% | $8100万 | $8200万 | -1.2% |
| Costs and Expenses | $218亿 | $200亿 | +8.8% | $797亿 | $741亿 | +7.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $5900万 | $4.43亿 | -86.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $7.17亿 | $6.06亿 | +18.3% |
| Current Income Tax Expense (Benefit) | – | – | – | $8.75亿 | $12.3亿 | -28.7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $9900万 | $1.79亿 | -44.7% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $8400万 | $7500万 | +12.0% | $7700万 | $6800万 | +13.2% |
| Debt, Weighted Average Interest Rate | 4.5%2025-12-31 | 4.5% | 0.0% | 4.5% | 4.5% | 0.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $7.06亿 | -$1300万 | +5,530.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $1200万 | -$1.05亿 | +111.4% |
| Deferred Income Tax Expense (Benefit) | $9000万 | $4.77亿 | -81.1% | $7.89亿 | -$4700万 | +1,778.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $7100万 | $7100万 | 0.0% |
| Deferred Tax Assets, Net of Valuation Allowance | $47.6亿2025-12-31 | $52.6亿 | -9.4% | $47.6亿 | $52.6亿 | -9.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01