Operating margin
10.5% Fiscal year 2025
No rank: too few peers or not computed yet.
Operating income divided by revenue: what the core business earns before interest and taxes.
About the company
RTX, formerly Raytheon Technologies, is a US aerospace and defense company. It includes the engine maker Pratt & Whitney, the equipment supplier Collins Aerospace and the defense business Raytheon with missiles and radar systems. Customers are airlines and armed forces worldwide. As of Oct 11, 2026
Fact sheet (from the annual report) Aircraft engines and parts · Arlington, USA
RTX is an aerospace and defense company with commercial, military and government customers worldwide. The business is divided into the segments Collins Aerospace, Pratt & Whitney and Raytheon. Collins makes power generation systems, integrated avionics and complete cabin interiors with seats, among other things. The division also offers spare parts, overhaul and repair; its main commercial customers include Boeing and Airbus. All segments generate significant revenue with the US government and abroad.
Automatically summarized from SEC annual report (10-K, filed Feb 6, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Price performance at a glance
Last 30 trading days
- Today −1.5%
- 7 days +0.7%
- 30 days +2.8%
- 1 year +8.6%
Day range (last trading day)
−0.1%Price at 6% of the range+1.8%
52-week range
−14.3%Price at 46% of the range+16.6%
- Distance from the all-time high
- −14.2%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: greenMargin: yellowDebt: gray
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginRTX Corporation · Sector Industrials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 6, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 1 without data
3 of 7 criteria met
Growth
Revenue and earnings per share · 1 without data
5 of 6 criteria met
Dividend
Level, consistency, coverage · 1 without data
6 of 6 criteria met
Financial strength
Piotroski, debt, liquidity
6 of 6 criteria met
Quality 3 of 7 met · 1 without data
- no data: Gross margin above 40% not stated in the SEC filings
- not met: Operating margin above 15% 10.5%
- not met: Net margin above 10% 7.6%
- not met: Return on equity above 15% 10.3%
- not met: Free cash flow margin above 10% 9.0%
- met: Profit in each of the last 5 fiscal years 5 of 5
- met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
- met: Equity ratio above 30% 38.1%
Net margin
7.6% Fiscal year 2025
No rank: too few peers or not computed yet.
Profit after all costs, interest and taxes divided by revenue.
Return on equity
10.3% Fiscal year 2025
No rank: too few peers or not computed yet.
Net income divided by equity at fiscal year end.
Return on assets
3.9% Fiscal year 2025 (total assets at year end)
No rank: too few peers or not computed yet.
Net income divided by total assets at fiscal year end.
Equity ratio
38.1% Fiscal year 2025
No rank: too few peers or not computed yet.
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
9.0% Fiscal year 2025
No rank: too few peers or not computed yet.
Free cash flow divided by revenue.
Free cash flow
7.9B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 5 of 6 met · 1 without data
- met: Over 3 years, revenue grew by more than 5% per year +9.7%
- met: Over 5 years, revenue grew by more than 5% per year +9.4%
- not met: Over 10 years, revenue grew by more than 5% per year +4.7%
- met: Over 3 years, EPS grew by more than 5% per year +12.3%
- no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
- met: Revenue rose in the last fiscal year +9.7%
Revenue growth 3 years
+9.7% per year
No rank: too few peers or not computed yet.
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+9.4% per year
No rank: too few peers or not computed yet.
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+4.7% per year
No rank: too few peers or not computed yet.
Average growth per year over 10 fiscal years.
EPS growth 3 years
+12.3% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
−5.4% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
Dividend 6 of 6 met · 1 without data
- met: Pays a dividend 2.67 USD
- met: Payout ratio at most 60% of earnings 54%
- met: Dividend paid in each of the last 5 fiscal years 5 of 5
- met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
- met: Dividend per share higher than 5 years ago +4.3%
- met: Free cash flow per share covers the dividend 2.2x
- no data: Dividends paid over the last 5 years covered by free cash flow dividends paid or free cash flow reported for fewer than 3 years
Payout ratio
54% Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+4.3% per year
No rank: too few peers or not computed yet.
Growth of the dividend per share per year.
Free cash flow coverage
2.2x Fiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
Financial strength 6 of 6 met
- met: Piotroski F-Score at least 7 of 9 7 of 8 · 1 without data
- met: Long-term debt no higher than equity 0.58
- met: Current assets cover current liabilities 1.03
- met: Positive equity 65.2B USD
- met: In 5 years, share count up by at most 5% −0.1%
- met: Free cash flow positive in the last fiscal year 7.9B USD
Piotroski F-Score
7 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.58 at fiscal year end
No rank: too few peers or not computed yet.
Long-term financial debt divided by equity.
Liquidity (current ratio)
1.03 at fiscal year end
No rank: too few peers or not computed yet.
Current assets divided by current liabilities.
Change in share count
−0.1% in 5 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- met: Profit in the last fiscal year (positive return on assets)
- met: Positive operating cash flow
- met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- met: Long-term debt relative to total assets fell
- met: Liquidity (current assets / current liabilities) rose
- not met: No additional shares (diluted share count did not rise)
- no data: Gross margin higher than the prior year
- met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.
In short
- Light green: Revenue grew over 5 years (+9.4% per year), at least as fast as the sector median.
- Light yellow: Net margin 7.6%, below the sector median (11.1%).
- Light green: Debt not higher than usual in the sector.
- Light yellow: Profit in 9 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 57.2B USD · Net income 5.1B USD · Net margin 8.8%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 59.8B USD · Net income 4.6B USD · Net margin 7.6%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 66.5B USD · Net income 5.3B USD · Net margin 7.9%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 77.0B USD · Net income 5.5B USD · Net margin 7.2%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 56.6B USD · Net income −3.5B USD · Net margin −6.2%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 64.4B USD · Net income 3.9B USD · Net margin 6.0%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 67.1B USD · Net income 5.2B USD · Net margin 7.7%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 68.9B USD · Net income 3.2B USD · Net margin 4.6%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 80.7B USD · Net income 4.8B USD · Net margin 5.9%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 88.6B USD · Net income 6.7B USD · Net margin 7.6%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 19.9B USD · Net income 1.4B USD · Net margin 7.2% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 19.3B USD · Net income 1.7B USD · Net margin 8.9%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 19.7B USD · Net income 111.0M USD · Net margin 0.6%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 20.1B USD · Net income 1.5B USD · Net margin 7.3%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 21.6B USD · Net income 1.5B USD · Net margin 6.9% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 20.3B USD · Net income 1.5B USD · Net margin 7.6%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 21.6B USD · Net income 1.7B USD · Net margin 7.7%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 22.5B USD · Net income 1.9B USD · Net margin 8.5%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 24.2B USD · Net income 1.6B USD · Net margin 6.7% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 22.1B USD · Net income 2.1B USD · Net margin 9.3%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 24.7B USD · Net income 2.1B USD · Net margin 8.7%
- Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Revenue 25.0B USD · Net income 2.6B USD · Net margin 10.3%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 6.12 USD
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 5.70 USD
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 6.50 USD
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 6.41 USD
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share −2.59 USD
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 2.56 USD
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 3.50 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 2.23 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 3.55 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 4.96 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 1.28 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.08 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 1.09 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 1.14 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 1.22 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 1.41 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.51 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 1.57 USD
- Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Earnings per share 1.89 USD
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 2.62 USD · Payout ratio 42.8%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 2.72 USD · Payout ratio 47.7%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 2.84 USD · Payout ratio 43.7%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 2.94 USD · Payout ratio 45.9%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 2.16 USD · Payout ratio not available
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 2.01 USD · Payout ratio 78.3%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 2.16 USD · Payout ratio 61.7%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 2.32 USD · Payout ratio 104.0%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 2.48 USD · Payout ratio 69.9%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 2.67 USD · Payout ratio 53.8%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 0.59 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.59 USD · Payout ratio 46.1%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 1.26 USD · Payout ratio 1,575.0%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.00 USD · Payout ratio 0.0%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 0.63 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.63 USD · Payout ratio 55.3%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 1.36 USD · Payout ratio 111.5%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.00 USD · Payout ratio 0.0%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 0.68 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.68 USD · Payout ratio 45.0%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 1.46 USD · Payout ratio 93.0%
- Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Dividend per share 0.00 USD · Payout ratio 0.0%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 88.6B USD · Net income 6.7B USD · Net margin 7.6%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 10.5 USD operating income and 7.6 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 88.6B USD | 100.0% |
| Operating income | 9.3B USD | 10.5% |
| Research & development | 2.8B USD | 3.2% |
| Remaining cost of revenue and operating expenses | 76.5B USD | 86.3% |
| Net income | 6.7B USD | 7.6% |
| Taxes, interest & other | 2.6B USD | 2.9% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin rose in 5 years from −3.3% to 10.5%.
Operating marginNet margin- Fiscal year 2016: Operating margin 14.3% · Net margin 8.8%
- Fiscal year 2017: Operating margin 14.5% · Net margin 7.6%
- Fiscal year 2018: Operating margin 12.9% · Net margin 7.9%
- Fiscal year 2019: Operating margin 11.6% · Net margin 7.2%
- Fiscal year 2020: Operating margin −3.3% · Net margin −6.2%
- Fiscal year 2021: Operating margin 7.7% · Net margin 6.0%
- Fiscal year 2022: Operating margin 8.1% · Net margin 7.7%
- Fiscal year 2023: Operating margin 5.2% · Net margin 4.6%
- Fiscal year 2024: Operating margin 8.1% · Net margin 5.9%
- Fiscal year 2025: Operating margin 10.5% · Net margin 7.6%
Returns
Return on equity rose in 5 years from −4.9% to 10.3%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity 18.3% · Return on assets 5.6%
- Fiscal year 2017: Return on equity 15.4% · Return on assets 4.7%
- Fiscal year 2018: Return on equity 13.7% · Return on assets 3.9%
- Fiscal year 2019: Return on equity 13.3% · Return on assets 4.0%
- Fiscal year 2020: Return on equity −4.9% · Return on assets −2.2%
- Fiscal year 2021: Return on equity 5.3% · Return on assets 2.4%
- Fiscal year 2022: Return on equity 7.2% · Return on assets 3.3%
- Fiscal year 2023: Return on equity 5.3% · Return on assets 2.0%
- Fiscal year 2024: Return on equity 7.9% · Return on assets 2.9%
- Fiscal year 2025: Return on equity 10.3% · Return on assets 3.9%
Equity and long-term debt
The equity ratio fell in 5 years from 44.5% to 38.1%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 27.6B USD · Long-term debt 23.3B USD
- Fiscal year 2017: Equity 29.6B USD · Long-term debt 27.1B USD
- Fiscal year 2018: Equity 38.4B USD · Long-term debt 44.1B USD
- Fiscal year 2019: Equity 41.8B USD · Long-term debt 41.3B USD
- Fiscal year 2020: Equity 72.2B USD · Long-term debt 31.6B USD
- Fiscal year 2021: Equity 73.1B USD · Long-term debt 31.4B USD
- Fiscal year 2022: Equity 72.6B USD · Long-term debt 31.3B USD
- Fiscal year 2023: Equity 59.8B USD · Long-term debt 43.6B USD
- Fiscal year 2024: Equity 60.2B USD · Long-term debt 41.1B USD
- Fiscal year 2025: Equity 65.2B USD · Long-term debt 37.7B USD
Liquidity (current ratio)
The current ratio fell in 5 years from 1.21 to 1.03.
Current ratio- Fiscal year 2016: Current ratio 1.30
- Fiscal year 2017: Current ratio 1.35
- Fiscal year 2018: Current ratio 1.13
- Fiscal year 2019: Current ratio 1.08
- Fiscal year 2020: Current ratio 1.21
- Fiscal year 2021: Current ratio 1.19
- Fiscal year 2022: Current ratio 1.09
- Fiscal year 2023: Current ratio 1.04
- Fiscal year 2024: Current ratio 0.99
- Fiscal year 2025: Current ratio 1.03
Cash flow
Free cash flow rose in 5 years from 2.5B USD to 7.9B USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 6.4B USD · Capital expenditure not available · Free cash flow not available
- Fiscal year 2017: Operating cash flow 5.6B USD · Capital expenditure not available · Free cash flow not available
- Fiscal year 2018: Operating cash flow 6.3B USD · Capital expenditure not available · Free cash flow not available
- Fiscal year 2019: Operating cash flow 8.9B USD · Capital expenditure 1.9B USD · Free cash flow 7.0B USD
- Fiscal year 2020: Operating cash flow 4.3B USD · Capital expenditure 1.8B USD · Free cash flow 2.5B USD
- Fiscal year 2021: Operating cash flow 7.1B USD · Capital expenditure 2.1B USD · Free cash flow 5.0B USD
- Fiscal year 2022: Operating cash flow 7.2B USD · Capital expenditure 2.3B USD · Free cash flow 4.9B USD
- Fiscal year 2023: Operating cash flow 7.9B USD · Capital expenditure 2.4B USD · Free cash flow 5.5B USD
- Fiscal year 2024: Operating cash flow 7.2B USD · Capital expenditure 2.6B USD · Free cash flow 4.5B USD
- Fiscal year 2025: Operating cash flow 10.6B USD · Capital expenditure 2.6B USD · Free cash flow 7.9B USD
Share count
The share count stayed roughly the same in 5 years.
Diluted share count- Fiscal year 2016: Diluted share count 826.1M
- Fiscal year 2017: Diluted share count 799.1M
- Fiscal year 2018: Diluted share count 810.1M
- Fiscal year 2019: Diluted share count 863.9M
- Fiscal year 2020: Diluted share count 1.4B
- Fiscal year 2021: Diluted share count 1.5B
- Fiscal year 2022: Diluted share count 1.5B
- Fiscal year 2023: Diluted share count 1.4B
- Fiscal year 2024: Diluted share count 1.3B
- Fiscal year 2025: Diluted share count 1.4B
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- 2.67 USD · Fiscal year 2025
- Dividend growth per year
- 3 y +7.3%5 y +4.3%10 y +0.4%
- Years without a cut
- 4 in a row up to now
- Payout ratio
- of earnings 54% of free cash flow –
- Share count over 5 years
- −0.1% roughly unchanged
Dividend per share
The dividend per share rose in 5 years from 2.16 USD to 2.67 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 2.62 USD
- Fiscal year 2017: Dividend per share 2.72 USD
- Fiscal year 2018: Dividend per share 2.84 USD
- Fiscal year 2019: Dividend per share 2.94 USD
- Fiscal year 2020: Dividend per share 2.16 USD
- Fiscal year 2021: Dividend per share 2.01 USD
- Fiscal year 2022: Dividend per share 2.16 USD
- Fiscal year 2023: Dividend per share 2.32 USD
- Fiscal year 2024: Dividend per share 2.48 USD
- Fiscal year 2025: Dividend per share 2.67 USD
Payout ratios
The payout ratio fell in 4 years from 78.3% to 53.8%.
Payout ratio (earnings)- Fiscal year 2016: Payout ratio (earnings) 42.8%
- Fiscal year 2017: Payout ratio (earnings) 47.7%
- Fiscal year 2018: Payout ratio (earnings) 43.7%
- Fiscal year 2019: Payout ratio (earnings) 45.9%
- Fiscal year 2020: Payout ratio (earnings) not available
- Fiscal year 2021: Payout ratio (earnings) 78.3%
- Fiscal year 2022: Payout ratio (earnings) 61.7%
- Fiscal year 2023: Payout ratio (earnings) 104.0%
- Fiscal year 2024: Payout ratio (earnings) 69.9%
- Fiscal year 2025: Payout ratio (earnings) 53.8%
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+9.4% per year, last 5 years
Sector Industrials: median +8.0% (81 symbols)
What does this mean? Revenue: over 5 years it grew by 9.4% per year on average – at least as fast as the median company in the sector (+8.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth– per year, last 5 years
Sector Industrials: median +10.0% (66 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin7.6% last fiscal year
Sector Industrials: median 11.1% (88 symbols)
What does this mean? Of every 100 USD in revenue, 7.60 USD remained as profit – less than the median company in the sector (11.1%). Five years ago the margin was −6.2%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth0.54 latest balance sheet
Sector Industrials: median 0.59 (67 symbols)
What does this mean? For every 1 USD of equity there is 0.54 USD of financial debt – no more than the median company in the sector (0.59). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth54% Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.54 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin9 of 10 fiscal years with a profit
What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 88.6B | 6.7B | 7.6% | 4.96 | 2.67 | 54% |
| 2024 | Dec 31, 2024 | 80.7B | 4.8B | 5.9% | 3.55 | 2.48 | 70% |
| 2023 | Dec 31, 2023 | 68.9B | 3.2B | 4.6% | 2.23 | 2.32 | 104% |
| 2022 | Dec 31, 2022 | 67.1B | 5.2B | 7.7% | 3.50 | 2.16 | 62% |
| 2021 | Dec 31, 2021 | 64.4B | 3.9B | 6.0% | 2.56 | 2.01 | 78% |
| 2020 | Dec 31, 2020 | 56.6B | −3.5B | −6.2% | −2.59 | 2.16 | – |
| 2019 | Dec 31, 2019 | 77.0B | 5.5B | 7.2% | 6.41 | 2.94 | 46% |
| 2018 | Dec 31, 2018 | 66.5B | 5.3B | 7.9% | 6.50 | 2.84 | 44% |
| 2017 | Dec 31, 2017 | 59.8B | 4.6B | 7.6% | 5.70 | 2.72 | 48% |
| 2016 | Dec 31, 2016 | 57.2B | 5.1B | 8.8% | 6.12 | 2.62 | 43% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q3/26 | Sep 30, 2026 | 25.0B | 2.6B | 10.3% | 1.89 | 0.00 | 0% |
| Q2/26 | Jun 30, 2026 | 24.7B | 2.1B | 8.7% | 1.57 | 1.46 | 93% |
| Q1/26 | Mar 31, 2026 | 22.1B | 2.1B | 9.3% | 1.51 | 0.68 | 45% |
| Q4/25* | Dec 31, 2025 | 24.2B | 1.6B | 6.7% | – | 0.68 | – |
| Q3/25 | Sep 30, 2025 | 22.5B | 1.9B | 8.5% | 1.41 | 0.00 | 0% |
| Q2/25 | Jun 30, 2025 | 21.6B | 1.7B | 7.7% | 1.22 | 1.36 | 111% |
| Q1/25 | Mar 31, 2025 | 20.3B | 1.5B | 7.6% | 1.14 | 0.63 | 55% |
| Q4/24* | Dec 31, 2024 | 21.6B | 1.5B | 6.9% | – | 0.63 | – |
| Q3/24 | Sep 30, 2024 | 20.1B | 1.5B | 7.3% | 1.09 | 0.00 | 0% |
| Q2/24 | Jun 30, 2024 | 19.7B | 111.0M | 0.6% | 0.08 | 1.26 | 1,575% |
| Q1/24 | Mar 31, 2024 | 19.3B | 1.7B | 8.9% | 1.28 | 0.59 | 46% |
| Q4/23* | Dec 31, 2023 | 19.9B | 1.4B | 7.2% | – | 0.59 | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $3.5M2 people | −$3.5M |
| 6 months | $00 people | $6.9M4 people | −$6.9M |
| 12 months | $00 people | $39.5M9 people | −$39.5M |
Latest transactions
- Aug 18, 2026 Maharajh Ramsaran Officer Open-market sale 13,655 shares · $3.1M · SEC
- Jul 28, 2026 DaSilva Kevin G Officer Open-market sale 2,250 shares · $488.1K · SEC
- Jul 27, 2026 Atkinson Tracy A Director Open-market sale 2,295 shares · $500.4K · SEC
- Jul 24, 2026 Brunk Troy D Officer Open-market sale 6,746 shares · $1.4M · SEC
- Jul 24, 2026 Brunk Troy D Officer Open-market sale 1,811 shares · $381.5K · SEC
- Jul 24, 2026 DaSilva Kevin G Officer Open-market sale 4,760 shares · $1.0M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +30
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows-20
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)30.3
Rel. strength 60 d−11.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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