{
 "company": "RTX Corporation",
 "ticker": "RTX",
 "sector": "Aerospace & Defense",
 "fiscalYearEnd": null,
 "revenueUsdM": 88603.0,
 "normalizedSga": {
  "pctRevenue": 6.88,
  "peerCount": 15,
  "peerMedianPctRevenue": 9.5,
  "peerLeanQuartilePctRevenue": 7.8,
  "peers": [
   {
    "ticker": "NOC",
    "name": "Northrop Grumman Corporation",
    "normalizedSgaPctRevenue": 9.61
   },
   {
    "ticker": "LHX",
    "name": "L3Harris Technologies, Inc.",
    "normalizedSgaPctRevenue": 15.69
   },
   {
    "ticker": "TXT",
    "name": "Textron Inc.",
    "normalizedSgaPctRevenue": 7.93
   },
   {
    "ticker": "HII",
    "name": "Huntington Ingalls Industries, Inc.",
    "normalizedSgaPctRevenue": 7.83
   },
   {
    "ticker": "BWXT",
    "name": "BWX Technologies, Inc.",
    "normalizedSgaPctRevenue": 12.33
   },
   {
    "ticker": "CW",
    "name": "Curtiss-Wright Corporation",
    "normalizedSgaPctRevenue": 16.24
   },
   {
    "ticker": "BA",
    "name": "The Boeing Company",
    "normalizedSgaPctRevenue": 6.81
   },
   {
    "ticker": "HWM",
    "name": "Howmet Aerospace Inc.",
    "normalizedSgaPctRevenue": 4.48
   },
   {
    "ticker": "TDG",
    "name": "TransDigm Group Incorporated",
    "normalizedSgaPctRevenue": 9.36
   },
   {
    "ticker": "KTOS",
    "name": "Kratos Defense & Security Solutions, Inc.",
    "normalizedSgaPctRevenue": 17.83
   },
   {
    "ticker": "MOG-A",
    "name": "Moog Inc.",
    "normalizedSgaPctRevenue": 14.35
   },
   {
    "ticker": "DRS",
    "name": "Leonardo DRS, Inc.",
    "normalizedSgaPctRevenue": 13.62
   },
   {
    "ticker": "GE",
    "name": "GE Aerospace",
    "normalizedSgaPctRevenue": 8.92
   },
   {
    "ticker": "GD",
    "name": "General Dynamics Corporation",
    "normalizedSgaPctRevenue": 4.94
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "research_dev",
   "label": "R&D",
   "pctRevenue": 3.17,
   "companiesDisclosing": 13,
   "peersDisclosing": [
    {
     "ticker": "NOC",
     "pctRevenue": 2.62
    },
    {
     "ticker": "TXT",
     "pctRevenue": 3.52
    },
    {
     "ticker": "HII",
     "pctRevenue": 0.21
    },
    {
     "ticker": "BWXT",
     "pctRevenue": 0.43
    },
    {
     "ticker": "CW",
     "pctRevenue": 2.72
    },
    {
     "ticker": "BA",
     "pctRevenue": 4.04
    },
    {
     "ticker": "HWM",
     "pctRevenue": 0.45
    },
    {
     "ticker": "TDG",
     "pctRevenue": 1.34
    },
    {
     "ticker": "KTOS",
     "pctRevenue": 2.97
    },
    {
     "ticker": "MOG-A",
     "pctRevenue": 2.43
    },
    {
     "ticker": "DRS",
     "pctRevenue": 3.54
    },
    {
     "ticker": "GE",
     "pctRevenue": 3.45
    }
   ],
   "note": "Heavier than the peer norm."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.59,
   "companiesDisclosing": 13,
   "peersDisclosing": [
    {
     "ticker": "NOC",
     "pctRevenue": 0.28
    },
    {
     "ticker": "LHX",
     "pctRevenue": 0.52
    },
    {
     "ticker": "HII",
     "pctRevenue": 0.43
    },
    {
     "ticker": "BWXT",
     "pctRevenue": 0.82
    },
    {
     "ticker": "CW",
     "pctRevenue": 0.61
    },
    {
     "ticker": "BA",
     "pctRevenue": 0.48
    },
    {
     "ticker": "HWM",
     "pctRevenue": 0.88
    },
    {
     "ticker": "TDG",
     "pctRevenue": 1.72
    },
    {
     "ticker": "KTOS",
     "pctRevenue": 2.64
    },
    {
     "ticker": "MOG-A",
     "pctRevenue": 0.43
    },
    {
     "ticker": "DRS",
     "pctRevenue": 0.88
    },
    {
     "ticker": "GD",
     "pctRevenue": 0.37
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  }
 ],
 "gapToPeers": null,
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 61,
   "peerTsrPct": 41,
   "driverPp": {
    "Revenue growth": 0.8,
    "Gross margin": 9.8,
    "SG&A": -3.1,
    "Multiple": 11.2,
    "Other": 1.3
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 94,
   "peerTsrPct": 176,
   "driverPp": {
    "Revenue growth": -5.2,
    "Gross margin": -5.7,
    "SG&A": -12.4,
    "Multiple": -75.9,
    "Other": 17.2
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": 252,
   "peerTsrPct": 321,
   "driverPp": {
    "Revenue growth": -10.4,
    "Gross margin": -52.5,
    "SG&A": 32.9,
    "Multiple": 137.9,
    "Other": -177.1
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/RTX",
  "json": "https://sgabenchmarking.com/r/RTX.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}