QCOM vs RTX: Which Is the Better Buy?
Side-by-side comparison of QUALCOMM Incorporated and RTX Corporation — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-05-04.
QUALCOMM Incorporated · Technology
$134.47
+77.7% upside to fair value
Med Conviction
Grade B
VS
RTX Corporation · Industrials
$172.90
-21.3% upside to fair value
Grade D
QuantHub Verdict
QCOM has more upside to fair value
(+77.7%).
QCOM trades at a lower forward P/E
(26.8x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
QCOM |
RTX |
| Current Price |
$134.47 |
$172.90 |
| Fair Value Estimate |
$239.00 |
$136.05 |
| Upside to Fair Value |
+77.7%
|
-21.3%
|
| Market Cap |
$143.6B |
$232.8B |
| Forward P/E |
26.8x
|
32.1x
|
| EV / EBITDA |
—
|
19.2x
|
| Price / Sales |
3.2x
|
2.6x
|
| Price / FCF |
11.1x
|
27.9x
|
| Revenue Growth YoY |
+8.7%
|
+8.7%
|
| Gross Margin |
55.1%
|
20.2%
|
| Operating Margin |
27.1%
|
10.4%
|
| Return on Equity |
21.6%
|
11.2%
|
| Dividend Yield |
— |
0% |
| FCF Yield |
9.0%
|
3.59%
|
| Analyst Consensus |
Hold
|
Buy
|
Investment Thesis
Qualcomm Incorporated is a leading semiconductor company specializing in wireless chipsets and IP licensing, with dominant positions in 5G modems via QCT (87% of revenue) and steady QTL royalties. The business excels through a vast patent moat, diversification into automotive and IoT, and robust growth (revenue +13% YoY to $44B in FY2025), but faces risks from Apple modem shifts and China exposur…
RTX Corporation is a leading aerospace and defense company with a diversified portfolio spanning Pratt & Whitney jet engines, Collins Aerospace avionics, and Raytheon Intelligence & Space defense systems. The company benefits from a strong competitive moat supported by a $271 billion backlog and multi-year contracts, driving consistent revenue growth of 10% in 2025 and 9% in Q1 2026. Earnings gro…
Accumulation Zones
| Metric |
QCOM |
RTX |
| Zone Low |
$179.00 |
$102.04 |
| Zone High |
$203.00 |
$115.64 |
| In Buy Zone? |
Yes
|
No
|