RTX vs. NOC
Compare and contrast key facts about Raytheon Technologies Corporation (RTX) and Northrop Grumman Corporation (NOC).
Performance
RTX vs. NOC - Performance Comparison
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RTX vs. NOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RTX Raytheon Technologies Corporation | 5.53% | 61.44% | 40.76% | -14.44% | 20.01% | 23.27% | -7.70% | 43.82% | -14.66% | 19.13% |
NOC Northrop Grumman Corporation | 20.03% | 23.61% | 1.93% | -12.79% | 43.02% | 29.29% | -9.92% | 42.69% | -18.95% | 33.88% |
Fundamentals
RTX:
$262.67B
NOC:
$97.49B
RTX:
$4.96
NOC:
$29.15
RTX:
38.88
NOC:
23.40
RTX:
1.54
NOC:
3.45
RTX:
2.95
NOC:
2.33
RTX:
4.03
NOC:
5.85
RTX:
$88.60B
NOC:
$41.95B
RTX:
$17.79B
NOC:
$6.02B
RTX:
$13.63B
NOC:
$6.43B
Returns By Period
In the year-to-date period, RTX achieves a 5.53% return, which is significantly lower than NOC's 20.03% return. Over the past 10 years, RTX has outperformed NOC with an annualized return of 16.43%, while NOC has yielded a comparatively lower 14.86% annualized return.
RTX
- 1D
- 3.07%
- 1M
- -4.80%
- YTD
- 5.53%
- 6M
- 16.12%
- 1Y
- 48.09%
- 3Y*
- 28.12%
- 5Y*
- 22.79%
- 10Y*
- 16.43%
NOC
- 1D
- 1.59%
- 1M
- -5.82%
- YTD
- 20.03%
- 6M
- 12.78%
- 1Y
- 35.39%
- 3Y*
- 15.80%
- 5Y*
- 18.08%
- 10Y*
- 14.86%
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Return for Risk
RTX vs. NOC — Risk / Return Rank
RTX
NOC
RTX vs. NOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Raytheon Technologies Corporation (RTX) and Northrop Grumman Corporation (NOC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| RTX | NOC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.23 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.25 | 1.71 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.27 | +1.09 |
Martin ratioReturn relative to average drawdown | 14.15 | 4.89 | +9.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RTX | NOC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.23 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.73 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.59 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.48 | -0.03 |
Correlation
The correlation between RTX and NOC is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
RTX vs. NOC - Dividend Comparison
RTX's dividend yield for the trailing twelve months is around 1.41%, more than NOC's 1.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RTX Raytheon Technologies Corporation | 1.41% | 1.46% | 2.14% | 2.76% | 2.14% | 2.33% | 21.21% | 1.96% | 2.66% | 2.13% | 2.39% | 2.66% |
NOC Northrop Grumman Corporation | 1.35% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
Drawdowns
RTX vs. NOC - Drawdown Comparison
The maximum RTX drawdown since its inception was -55.14%, smaller than the maximum NOC drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for RTX and NOC.
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Drawdown Indicators
| RTX | NOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.14% | -71.12% | +15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -15.56% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -22.28% | -10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.98% | -36.38% | -15.60% |
Current DrawdownCurrent decline from peak | -9.08% | -11.17% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -13.03% | -18.38% | +5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 7.22% | -3.76% |
Volatility
RTX vs. NOC - Volatility Comparison
Raytheon Technologies Corporation (RTX) has a higher volatility of 7.24% compared to Northrop Grumman Corporation (NOC) at 6.32%. This indicates that RTX's price experiences larger fluctuations and is considered to be riskier than NOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RTX | NOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 6.32% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 18.20% | 19.31% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.98% | 28.91% | -0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.54% | 24.94% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.57% | 25.18% | +2.39% |
Financials
RTX vs. NOC - Financials Comparison
This section allows you to compare key financial metrics between Raytheon Technologies Corporation and Northrop Grumman Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RTX vs. NOC - Profitability Comparison
RTX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Raytheon Technologies Corporation reported a gross profit of 4.72B and revenue of 24.24B. Therefore, the gross margin over that period was 19.5%.
NOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Northrop Grumman Corporation reported a gross profit of 0.00 and revenue of 11.71B. Therefore, the gross margin over that period was 0.0%.
RTX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Raytheon Technologies Corporation reported an operating income of 2.31B and revenue of 24.24B, resulting in an operating margin of 9.5%.
NOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Northrop Grumman Corporation reported an operating income of 1.27B and revenue of 11.71B, resulting in an operating margin of 10.9%.
RTX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Raytheon Technologies Corporation reported a net income of 1.62B and revenue of 24.24B, resulting in a net margin of 6.7%.
NOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Northrop Grumman Corporation reported a net income of 1.43B and revenue of 11.71B, resulting in a net margin of 12.2%.