RTX Corp（RTX）の決算・業績分析
RTX Corpの2025年有価証券報告書をAI分析。売上高$88.6B(+9.7%)。営業利益$9.3B。Industrials。
目次
RTX Corpの2025年度 業績サマリー
RTX Corp（証券コード: RTX）の2025年度決算・業績分析。売上高は$88.6B（前年比+9.7%）。営業利益は$9.3B（前年比+42.2%）。純利益は$6.7B（前年比+41.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
RTX Corpの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- RTX Corp achieved a 4.2% YoY revenue increase to $67.1B (XBRL), with net income surging 34.5% to $5.2B (XBRL).
- Free cash flow reached $4.9B (XBRL), driven by $7.2B operating cash flow and $2.3B CapEx (XBRL).
- Net debt stood at $37.4B (XBRL), equivalent to 3.9x EBITDA (XBRL), reflecting high leverage despite strong cash reserves of $6.2B (XBRL).
- 5-year revenue CAGR of 14.7% (XBRL) contrasts with a -9.5% net income CAGR (XBRL), signaling margin pressures in recent years.
RTX Corpの売上高変化の要因
- •Revenue grew 4.2% YoY to $67.1B (XBRL), with a 14.7% CAGR over five years (XBRL). Historical data shows revenue increased from $34.7B in FY2020 to $68.9B in FY2025 (XBRL). Operating income improved 7.2% YoY to $5.5B (XBRL), though FY2022 saw a dip to -$1.9B (XBRL). Net income surged 34.5% YoY to $5.2B (XBRL), reversing a $3.5B loss in FY2022 (XBRL).
RTX Corpの営業利益変化の要因
- •Operating margin improved to 8.2% (XBRL), with net margin at 7.8% (XBRL). EBITDA of $9.6B (14.3% of revenue, XBRL) reflects strong cost control. However, net income CAGR over five years was -9.5% (XBRL), contrasting with a 4.4% CAGR in operating income (XBRL).
RTX Corpの事業リスクと対応
Global economic/political instability impacts revenue, margins, and liquidity (10-K).
U.S. defense spending changes risk financial performance due to reliance on government contracts (10-K).
Inflation and cost increases pressure operating profits, especially on fixed-price contracts (10-K).
High interest rates raise borrowing costs and reduce capital availability (10-K).
Geopolitical risks disrupt defense sales, trade policies, and supply chains (10-K).
RTX Corpの事業内容
RTX Corp operates as a global aerospace and defense company, generating revenue through the sale of advanced systems, services, and solutions for commercial, military, and government clients (10-K). Its three core segments—Collins Aerospace (flight systems, cabin interiors), Pratt & Whitney (aircraft engines), and Raytheon (defense systems)—serve key customers including Boeing, Airbus, and U.S. government agencies (10-K). Competitive advantages include investments in sustainable technologies, strategic partnerships, and operational capacity in critical locations (10-K).
RTX CorpのAI業績分析レポート（2024年度）
RTX Corp Annual Report Analysis FY2024
Highlights
Business Overview
RTX Corp operates in aerospace and defense, with three segments: Collins Aerospace (flight systems, cabin interiors), Pratt & Whitney (aircraft engines), and Raytheon (defense systems) (10-K). Key customers include Boeing, Airbus, and U.S. government agencies (10-K). Competitive advantages include sustainable technologies, strategic partnerships, and operational capacity (10-K).
Revenue Analysis
Revenue grew 4.2% YoY to $67.1B (XBRL), with a 14.7% CAGR over five years (XBRL). Historical data shows revenue increased from $34.7B in FY2020 to $68.9B in FY2025 (XBRL). Operating income improved 7.2% YoY to $5.5B (XBRL), though FY2022 saw a dip to -$1.9B (XBRL). Net income surged 34.5% YoY to $5.2B (XBRL), reversing a $3.5B loss in FY2022 (XBRL).
Profitability Analysis
Operating margin improved to 8.2% (XBRL), with net margin at 7.8% (XBRL). EBITDA of $9.6B (14.3% of revenue, XBRL) reflects strong cost control. However, net income CAGR over five years was -9.5% (XBRL), contrasting with a 4.4% CAGR in operating income (XBRL).
Balance Sheet Analysis
Equity ratio of 36.9% (XBRL) and D/E ratio of 1.68x (XBRL) indicate moderate leverage. Current ratio of 1.04x (XBRL) suggests tight liquidity. Total assets of $161.9B (XBRL) include $6.2B cash (XBRL) and $43.6B long-term debt (XBRL). ROE of 8.7% (XBRL) and ROA of 3.2% (XBRL) reflect capital efficiency.
Cash Flow Analysis
Operating cash flow of $7.2B (XBRL) funded $4.9B free cash flow (XBRL) after $2.3B CapEx (XBRL). Financing activities consumed $5.9B (XBRL), driven by $3.1B dividends (XBRL) and $2.8B share repurchases (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) of 65 days (XBRL) includes 59 days receivables, 64 days inventory, and 58 days payables (XBRL).
Risks
Outlook
No forward-looking guidance provided in 10-K or XBRL data.
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 34.7B | 45.3B | 56.6B | 64.4B | 67.1B | 68.9B |
| Operating Income | 2.9B | 4.9B | -1.9B | 5.1B | 5.5B | 3.6B |
| Net Income | 5.3B | 5.5B | -3.5B | 3.9B | 5.2B | 3.2B |
| Total Assets | 139.6B | 162.2B | 161.4B | 158.9B | 161.9B | 162.9B |
| Total Equity | 41.8B | 72.2B | 73.1B | 72.6B | 59.8B | 60.2B |
| Operating Cash Flow | 2.7B | 5.8B | 4.3B | 7.1B | 7.2B | 7.9B |
Industrialsの企業一覧
RTX Corpと同じ「Industrials」セクターの企業