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Side-by-side financial comparison of JBS N.V. (JBS) and RTX Corporation (RTX). Click either name above to swap in a different company.

JBS N.V. is the larger business by last-quarter revenue ($22.6B vs $22.1B, roughly 1.0× RTX Corporation). RTX Corporation runs the higher net margin — 9.3% vs 2.9%, a 6.5% gap on every dollar of revenue. On growth, JBS N.V. posted the faster year-over-year revenue change (13.4% vs 8.7%). RTX Corporation produced more free cash flow last quarter ($1.3B vs $-264.6M).

JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.

RTX Corporation, formerly Raytheon Technologies Corporation, is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services. In 2023, the company's seat in the Forbes Global 2000 was 79.

JBS vs RTX — Head-to-Head

Bigger by revenue
JBS
JBS
1.0× larger
JBS
$22.6B
$22.1B
RTX
Growing faster (revenue YoY)
JBS
JBS
+4.7% gap
JBS
13.4%
8.7%
RTX
Higher net margin
RTX
RTX
6.5% more per $
RTX
9.3%
2.9%
JBS
More free cash flow
RTX
RTX
$1.6B more FCF
RTX
$1.3B
$-264.6M
JBS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
JBS
JBS
RTX
RTX
Revenue
$22.6B
$22.1B
Net Profit
$644.1M
$2.1B
Gross Margin
13.2%
20.8%
Operating Margin
5.4%
5.9%
Net Margin
2.9%
9.3%
Revenue YoY
13.4%
8.7%
Net Profit YoY
-14.9%
34.1%
EPS (diluted)
$0.52
$1.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JBS
JBS
RTX
RTX
Q1 26
$22.1B
Q4 25
$24.2B
Q3 25
$22.6B
$22.5B
Q2 25
$21.6B
Q1 25
$20.3B
Q4 24
$21.6B
Q3 24
$19.9B
$20.1B
Q2 24
$19.7B
Net Profit
JBS
JBS
RTX
RTX
Q1 26
$2.1B
Q4 25
$1.6B
Q3 25
$644.1M
$1.9B
Q2 25
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$756.6M
$1.5B
Q2 24
$111.0M
Gross Margin
JBS
JBS
RTX
RTX
Q1 26
20.8%
Q4 25
Q3 25
13.2%
Q2 25
Q1 25
Q4 24
Q3 24
16.5%
Q2 24
Operating Margin
JBS
JBS
RTX
RTX
Q1 26
5.9%
Q4 25
10.7%
Q3 25
5.4%
11.2%
Q2 25
9.9%
Q1 25
10.0%
Q4 24
9.8%
Q3 24
7.8%
10.1%
Q2 24
2.7%
Net Margin
JBS
JBS
RTX
RTX
Q1 26
9.3%
Q4 25
6.7%
Q3 25
2.9%
8.5%
Q2 25
7.7%
Q1 25
7.6%
Q4 24
6.9%
Q3 24
3.8%
7.3%
Q2 24
0.6%
EPS (diluted)
JBS
JBS
RTX
RTX
Q1 26
$1.51
Q4 25
$1.19
Q3 25
$0.52
$1.41
Q2 25
$1.22
Q1 25
$1.14
Q4 24
$1.10
Q3 24
$0.62
$1.09
Q2 24
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JBS
JBS
RTX
RTX
Cash + ST InvestmentsLiquidity on hand
$485.5B
$6.8B
Total DebtLower is stronger
$213.0M
$33.2B
Stockholders' EquityBook value
$9.5B
$68.0B
Total Assets
$44.2B
$170.4B
Debt / EquityLower = less leverage
0.02×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JBS
JBS
RTX
RTX
Q1 26
$6.8B
Q4 25
$8.2B
Q3 25
$485.5B
$6.7B
Q2 25
$5.5B
Q1 25
$5.8B
Q4 24
$6.4B
Q3 24
$5.1B
$7.4B
Q2 24
$6.7B
Total Debt
JBS
JBS
RTX
RTX
Q1 26
$33.2B
Q4 25
$34.3B
Q3 25
$213.0M
$38.3B
Q2 25
$38.3B
Q1 25
$38.2B
Q4 24
$38.7B
Q3 24
$38.8B
Q2 24
$40.3B
Stockholders' Equity
JBS
JBS
RTX
RTX
Q1 26
$68.0B
Q4 25
$65.2B
Q3 25
$9.5B
$64.5B
Q2 25
$62.4B
Q1 25
$61.5B
Q4 24
$60.2B
Q3 24
$9.5B
$61.1B
Q2 24
$59.0B
Total Assets
JBS
JBS
RTX
RTX
Q1 26
$170.4B
Q4 25
$171.1B
Q3 25
$44.2B
$168.7B
Q2 25
$167.1B
Q1 25
$164.9B
Q4 24
$162.9B
Q3 24
$164.8B
Q2 24
$161.2B
Debt / Equity
JBS
JBS
RTX
RTX
Q1 26
0.49×
Q4 25
0.53×
Q3 25
0.02×
0.59×
Q2 25
0.61×
Q1 25
0.62×
Q4 24
0.64×
Q3 24
0.64×
Q2 24
0.68×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JBS
JBS
RTX
RTX
Operating Cash FlowLast quarter
$996.4M
Free Cash FlowOCF − Capex
$-264.6M
$1.3B
FCF MarginFCF / Revenue
-1.2%
5.9%
Capex IntensityCapex / Revenue
5.6%
2.5%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters
$8.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JBS
JBS
RTX
RTX
Q1 26
Q4 25
$4.2B
Q3 25
$996.4M
$4.6B
Q2 25
$458.0M
Q1 25
$1.3B
Q4 24
$1.6B
Q3 24
$2.5B
Q2 24
$2.7B
Free Cash Flow
JBS
JBS
RTX
RTX
Q1 26
$1.3B
Q4 25
$3.2B
Q3 25
$-264.6M
$4.0B
Q2 25
$-72.0M
Q1 25
$792.0M
Q4 24
$492.0M
Q3 24
$2.0B
Q2 24
$2.2B
FCF Margin
JBS
JBS
RTX
RTX
Q1 26
5.9%
Q4 25
13.2%
Q3 25
-1.2%
17.9%
Q2 25
-0.3%
Q1 25
3.9%
Q4 24
2.3%
Q3 24
9.8%
Q2 24
11.1%
Capex Intensity
JBS
JBS
RTX
RTX
Q1 26
2.5%
Q4 25
4.0%
Q3 25
5.6%
2.7%
Q2 25
2.5%
Q1 25
2.5%
Q4 24
4.9%
Q3 24
2.7%
Q2 24
2.7%
Cash Conversion
JBS
JBS
RTX
RTX
Q1 26
Q4 25
2.57×
Q3 25
1.55×
2.42×
Q2 25
0.28×
Q1 25
0.85×
Q4 24
1.05×
Q3 24
1.71×
Q2 24
24.62×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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