Raytheon Technologies Corporation

Supplier Financial Health Report

Overview

June 2024

USA

Incorporated Country

185,000

Number of Employees

A+

Credit Rating

4.49

Altman Z-Score

As a leading aerospace and defense company, Raytheon Technologies Corporation has been a major player in the industry since its founding in 1922. With a workforce of 185,000 employees, the company operates through four main segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. These segments provide a wide range of products and services, from aircraft engines and avionics to sensors and cyber solutions, to commercial, military, and government customers. Under the leadership of CEO Gregory J Hayes, Raytheon Technologies Corporation has earned a strong credit rating of A+ and a credit score of 98, indicating a stable financial position.

Full Supplier Profile for Raytheon Technologies Corporation

Five-Year Financial Trend Analysis for Raytheon Technologies Corporation

CONSTANT

Credit Trend

74.18%

Total Balance Sheet Growth Rate

-29.38%

Total Debt Growth Rate

Raytheon Technologies Corporation, a leading aerospace and defense company, has demonstrated a robust financial performance over the past few years. With a credit rating of A+ and a credit score of 98, the company's financial health is strong. The credit trend has been constant, indicating a stable financial position.

The annual revenue trend has shown a significant increase, rising from $34.7 billion in 2018 to $67.07 billion in 2022, marking a 93.29% change. This growth is impressive, indicating a strong financial capacity. The company's balance sheet has also shown an increase, rising from $91.21 billion in 2014 to $158.86 billion in 2022, marking a 74.18% change.

The company's cash trend has shown an increase, rising from $5.23 billion in 2014 to $6.22 billion in 2022, marking an 18.95% change. The total debt trend has shown a decrease, dropping from $45.19 billion in 2018 to $31.91 billion in 2022, marking a 29.38% change. The liabilities trend has also shown a decrease, dropping from $93.49 billion in 2018 to $84.65 billion in 2022, marking a 9.46% change.

The company's net income trend has shown a decrease, dropping from $5.72 billion in 2013 to $5.2 billion in 2022, marking a 9.16% change. However, the EBITDA trend has shown an increase, rising from $5.43 billion in 2018 to $11.41 billion in 2022, marking a 110.07% change. The net operating cash flow trend has shown an increase, rising from $6.98 billion in 2014 to $7.17 billion in 2022, marking a 2.71% change.

The company's capital expenditures trend has shown an increase, rising from $1.87 billion in 2018 to $2.78 billion in 2022, marking a 48.63% change. The free cash flow trend has shown an increase, rising from $346 million in 2018 to $4.39 billion in 2022, marking a 1,169.65% change.

The operating cash flow per share trend has shown an increase, rising from $2.86 in 2018 to $4.82 in 2022, marking a 68.93% change. The foreign revenue breakdown shows that the company generates a significant portion of its revenue from countries such as Germany, China, Japan, and the United Kingdom.

Overall, Raytheon Technologies Corporation's financial health is strong, with a robust revenue growth, stable balance sheet, and increasing cash flow. The company's credit rating and credit score are also indicative of its strong financial position. While the net income trend has shown a decrease, the EBITDA and free cash flow trends have shown significant increases, indicating a strong financial capacity.

Access Trend Analysis Detail

Financial Health Risk Assessment for Raytheon Technologies Corporation

LOW

Credit Risk

LOW

Bankruptcy Risk

MEDIUM

Financial Health Risk

Raytheon Technologies Corporation has demonstrated a robust financial performance over the past few years, with a strong credit rating and credit score. The company's annual revenue has shown a significant increase, rising from $34.7 billion in 2018 to $67.07 billion in 2022, marking a 93.29% change. This growth is impressive, indicating a strong financial capacity. The company's balance sheet has also shown an increase, rising from $91.21 billion in 2014 to $158.86 billion in 2022, marking a 74.18% change. However, the company's net income trend has shown a decrease, dropping from $5.72 billion in 2013 to $5.2 billion in 2022, marking a 9.16% change.

Despite this decrease, the company's EBITDA trend has shown an increase, rising from $5.43 billion in 2018 to $11.41 billion in 2022, marking a 110.07% change. The company's cash trend has also shown an increase, rising from $5.23 billion in 2014 to $6.22 billion in 2022, marking an 18.95% change. The total debt trend has shown a decrease, dropping from $45.19 billion in 2018 to $31.91 billion in 2022, marking a 29.38% change.

The company's financial health risk indicators show that its operational efficiency risk is extremely low, indicating that it is highly efficient in its operations. However, its solvency risk is high, indicating that it has a high debt-to-capitalization ratio and debt-to-equity ratio. The company's liquidity risk is also medium, indicating that it may have difficulty meeting its short-term debt obligations. The company's profitability risk is medium, indicating that its net profit margin and gross profit margin are not particularly high.

Overall, Raytheon Technologies Corporation's financial health is strong, with a robust revenue growth, stable balance sheet, and increasing cash flow. However, the company's debt levels and profitability are areas of concern. The company's financial health is somewhat dependent on its ability to manage its debt and maintain its operational efficiency.

View Additional Risk Detail for Raytheon Technologies Corporation

List of UEIs for Raytheon Technologies Corporation

C39WLWMRJ7U6, C45KBLGFKCT8, C6Z6WQKFN7M6, C79QQ8N1KN14, C8V8MTS67271, CBMZJ3Z5SC89, CCGBEVKUU2F3, CD2FMZ92JTT7, CE8NVHVTWA11, CJEZDQG99JQ4, CJKWWRCCQBL6, CKM5DAWC5QM3, CMKUVFFUZAW8, CN53BBKSPGV8, CND4FU9NF894, CRSME8ZHJQN7, D9DKLKAJ48M9, DBS7P67FUDM4, DFLXE421DQH5, DGEBDVJ29PT8, DHDNE4SUHCG3, DJ2UNGDJJ3F5, DJCNAJAV6U97, DK77NFABWLX7, DLT2GQA58NJ4, DMGTCCJ2ZKG7, DNT6EUE5WNU8, DP6VFUMMTJC8, DZLTXNCF1624, E6UBH1UE4UJ5, E7RCGWMFJHQ6, EBMXMH3LMEN8, EGD9EF9NLLL7, EJ6RXDV4V883, EMMMD9G4MHA4, EMR9D7KJZV23, ENC9Y8JGL3E9, ERX1QUE2GDJ5, F1L6ZXS2MQG3, F1ZBMFDJMGL3, F24UGAM8N397, F3W6KFHK6PE9, F6FKMKFW64L5, F883N361G296, F9PCHLUKLRE5, FBTTZQ8ZLK26, FC2CNDSY8CL9, FCHJBJCKB3N6, FCMXL6ZRDKQ2, FF5MX9QX7AN1, FHR8NT66UED6, FLJPPMHX2G29, FLQJJ8NL1U16, FNLJQKGAF843, FQGNVX4L1JT7, G2JHA6V6KPV3, G33BPPE8T9N3, G7XJKGBAHMN4, GATXLX6NAME3, GB3LV6UHX4Z6, GB6KRNEM6XD5, GJJCW7W8HCF5, GMBYU6KAN9J3, GNNJDFWNNEJ5, GQHMPKLLNYL3, GT1XPHXLRRQ1, GV5STS36R658, GVH5NK36P911, GWK5QDNNF6U4, GY4DM3WE2JS8, GYRELAMWFSR9, HAPDLU8DNW63, HBC9C3NCH3J1, HC6URFHENM23, HEBCLD22EJD1, HHMTMP5HY8C9, HKNBD5TLMDL1, HMAQKZ6Y2GZ3, HNM5FLCRBZL8, HNTJLW3FSMK7, HSLPBHN3E7Q3, HSR6YAFH6L43, HTMUK1RW2GY3, HTRDMAMY71C6, HW12FZ6MD557, J1JFFLL4MAZ5, J3XQHHHCVQE3, J425NKS6D9R5, J4Q3HP6NHK47, J639AHN5BHR6, J69CN9JF6VK8, J6CXF1HNAVP7, J73PJY434WL7, JAJTY1NGQFN9, JAXJSTJJSP74, JC42EBJ5NFJ1, JHH6QM565GK8, JHWFZP5W48G2, JK6YUSATG5J4, JLWLJXQ3M995, JMB1H3CFJKW5, JMKSMX1NRGF1, JTC3LK7LPAQ5, JVT2KW1LE2S3, JXH3C74NN7X1, JZNWHLVKADJ9, K1H5GGQPBLV5, K8JUDLK5DFA5, KBPXEK68ZFN9, KC94HFV3ZS79, KEJJD53QQK45, KELRRVPNUEK5, KF8AVNFEFXQ1, KGN6GNWNGVU9, KHLAHY36X965, KKMUHNUQ3MP5, KLW3ZYL15493, KNJBZ8B2HNK9, KNKJLKUX8JU4, KQAHTXBNDEN5, KQG9ZKVSELH6, KSDDYUNTG8D8, KVUXXJNM6191, L4G6LGBP2HE5, LD3EGJJJTTP6, LFZJHMW3EJ39, LGMFFHJ28878, LMQTLXUKZER3, LT89X9QT5S69, LT9GG9AL9445, LUAGEJVVNH88, LW6PEB2ZW2K5, LWF3QUSCDNG1, LY1XGRNRXNZ5, LYY7RLJCLGP4, LYZGNRYAMUX3, LZKMV8M9VS13, M1BVCGDKJ1L7, M3ZUYXTLPLB5, M5DGPW51FKV7, M5F4KN9X3757, M9GTF4HYWL87, MBMJHTJAV953, MBQQBBJXYU35, MFKAR1XK2615, MH7ZTKYKZ4N6, MJ2JLM95MF61, MKRCHD2CBAY1, MMRDH9FHWF47, MNQWKJKDKBE7, MT58MANLC9J7, MUKJUNEKXNN5, MVNNSLH5FRG3, MYA7PT4VMGS8, MYGZM9JZVMQ9, MYLBMN8EH9K9, MZK8TCNF24G2, N1KNMDAF9M25, N5FQF3MJ4TB5, N98WPDSUZZP7, NBKUM68SJTR9, NBSLHP77ZJQ1, NEBKNT1JXPV6, NFZTKCLHXAB7, NG4MZLB25W46, NGHMBM6JDU68, NGLHJNNMBQM9, NGWABXTKFBB9, NHXNJALUN738, NJNKPBK19LC1, NM28F17E1ZY7, NMGNRRYVL296, NPBZP3SMZED7, NQFWXBVWL6M1, NR99F22TJMZ1, NTGEJRVEFK99, NWJXD3EE75U7, P19RLZ1EQQ87, P3CPCN9N1DA3, P8DHMKW6N865, PJU1VQDHBNJ4, PKJWQMBQ5EF3, PLDQZDHA5183, PNJQW4RRXYW9, PPLZG8J3N9D4, PU8KC4T49543, PWJ8PLVN6YZ8, Q7EYNW1V7HB9, Q9FJYL6TK7Z7, QBV3RZKYQXY4, QCDMDYHRLJ15, QDX5KLCNBWQ8, QE99GJL73ER4, QEXLWLLANBK7, QF4VA87ST9F7, QJ58YL55YKF3, QMKVZ6EH2SB9, QN1BCFY7JDJ5, QUAMAKKZP1M5, R42KNXSMC7K1, RALJHNZRJKK6, RBPHE19PDCD4, RJ6ANLQ5D1L7, RKDNDETJMQZ2, S3BWGDQGUMC8, S4GTMHMBWLS6, S7NEKPHEMP26, S8XQQYDS9NV6, SEH9NC46KFR4, SKL8FMKDWKJ9, SLHMLAKZVZ93, SLVNJNELSG55, SP9DKDBTM6C9, SW5VKLT5HVZ7, SWBKVD2EKUH7, SYALZ4FMVK93, T4DGFZDGSC27, T7THS6ZFGEK7, T9JMM7TLN6C1, TL4YK3B3XEX5, TTJXQYUAQYK5, U7YNUGX5Y349, UENWDYHKNCT3, ULA4M59RQ818, UNJNM16HFMC4, UZLZUTCCLQE5, V1GUE46V5MS5, V7LPGS8JWXT9, VS2BUYHM9PM4, VTEWM5QSE598, VU89Z18A58K4, W1L5NKEEJJ14, W27ERVLDC929, WA1HGVXJQML7, WC77ULLXK633, WDW1VUG4NS15, WFACLL3QHQU7, WFJCK2ETFMJ5, WGB7GAKM7A68, WJ11TE8ERKT1, WNMDVFJV7MK8, WUWMH4M3LNH6, X2RCBN49KTP4, X4RBTZ4QKPQ4, X7G6CJK18VV1, XABLLJ8N8UQ3, XAE3SCSMKV44, XANMZXZC94C5, XBAEJCJ5HSV5, XF1SBZHE2BU8, XR6KK4SQKDS9, XSV6AZJ6SDJ7, XZQMCCC6P5T6, Y1NNFWGYCNJ6, Y5ZZFR2AQC63, Y7SVCCT598Z5, YBP6J2F4XXF2, YD6LTFVUZNG1, YG7KSJEMHYF8, YGEJUYYNHSN7, YN2BWND3JNE8, YQ8YG53GSM41, YZBGAZBF6ML4, Z1YKDWN86HE6, Z4KEVXGMGA17, Z714KKHVRWF4, ZBAUEZ3WGJA3, ZD2JKA5CXN24, ZNSTFUT7CAV9, ZQM8L2KXC2D6, ZWTZTNR69RJ6

ABOUT SUPPLIER FINANCIAL HEALTH REPORTS

Ark provides definitive, consolidated analyses of every vendor, subcontractor, supplier, grant awardee, non-profit, and investment organization in the national security and defense sectors. Supplier financial health reports are AI-assisted analyses of the current health and stability of an organization, as well as the trends, trajectory, and risk indicators that partners and stakeholders need to know about.

Learn More about Financial Health Risk Reports

Explore Additional Analyses

ABOUT ARK.AI

The Ark is the only software platform purpose-built for Defense Acquisition that leverages authoritative commercial data and AI-enabled Applications designed to solve Acquisition challenges. With the Ark, analysts and decision-makers gain the ability to manage Acquisition programs proactively, allowing them to unwind the legacy complexity and effectively field modern warfighting systems that compete with China.

The Leading Defense Acquisition Software.

OUR APPLICATIONS

AI-enabled Applications within The Ark reflect standard workflows across the Defense Acquisition Process. From Science & Technology to Modernization, these Applications allow for the execution of rapid, efficient, data-informed decisions, standardized reporting, and efficient workflow management. The Ark enables your team to transform Defense Acquisition into a strategic advantage.