Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

RTX Corp., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock, $1 par value; none issued or outstanding (per books)
Add: Noncontrolling interest (per books)
Total equity
Add: Short-term borrowings (per books)
Add: Long-term debt currently due (per books)
Add: Long-term debt, excluding currently due (per books)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

RTX Corp., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock, $1 par value; none issued or outstanding (book value)
Add: Noncontrolling interest (book value)
Total equity
Add: Short-term borrowings (book value)
Add: Long-term debt currently due (book value)
Add: Long-term debt, excluding currently due (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of RTX Corp. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Equity Trends
The common equity (market value) experienced a notable increase from 110,147 million US dollars in 2020 to 142,174 million in 2021, maintaining a slight upward trend into 2022 at 143,375 million. However, there was a marked decline in 2023, falling to 122,387 million, before rebounding strongly in 2024 to reach a new high of 173,069 million. This pattern indicates periods of volatility with overall growth over the five-year span.
Total equity reflects a comparable trajectory, starting at 111,836 million US dollars in 2020 and rising steadily to 143,770 million in 2021 and 144,921 million in 2022. Similar to common equity, it decreased in 2023 to 123,999 million and then surged significantly in 2024 to 174,836 million. These movements suggest fluctuations in the company’s net asset base, with a pronounced recovery in the latest year.
Total Equity and Debt
The sum of total equity and debt exhibited a consistent upward trend from 143,659 million US dollars in 2020 to 175,255 million in 2021 and marginally higher at 176,835 million in 2022. A slight contraction occurred in 2023, with total equity and debt totaling 167,826 million, but the figure expanded considerably in 2024 to 216,097 million. This overall increase denotes growth in the company’s capital structure, likely reflecting increased funding or liabilities alongside equity changes.
Enterprise Value (EV)
Enterprise value followed a broadly similar pattern to total equity and debt, beginning at 134,857 million US dollars in 2020 and rising to 167,423 million in 2021 and 170,615 million in 2022. A decrease was observed in 2023 to 161,239 million, followed by a significant increase in 2024, reaching 210,519 million. The EV trend suggests the market’s valuation of the firm experienced volatility but ended with a strong uptrend in the most recent year.
Summary
Over the five-year period, equity measures and enterprise value showed growth with intermittent declines, particularly notable in 2023. The subsequent recovery and strong increases in 2024 across common equity, total equity, total equity and debt, and enterprise value indicate renewed market confidence and enhancements in the company’s valuation and capital structure. The data suggests an underlying resilience despite short-term fluctuations.