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 2026-09-26.
QUALCOMM Incorporated · Technology
$201.97
-21.1% upside to fair value
Med Conviction
Grade D
High Quality
VS
RTX Corporation · Industrials
$193.54
+33.0% upside to fair value
Med Conviction
Grade B
High Quality
QuantHub Verdict
RTX has more upside to fair value
(+33.0%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
QCOM |
RTX |
| Current Price |
$201.97 |
$193.54 |
| Fair Value Estimate |
$159.42 |
$257.36 |
| Upside to Fair Value |
-21.1%
|
+33.0%
|
| Market Cap |
$212.1B |
$260.9B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
16.5x
|
18.1x
|
| Price / Sales |
4.8x
|
2.8x
|
| Price / FCF |
20.5x
|
21.7x
|
| Revenue Growth YoY |
-4.0%
|
+14.5%
|
| Gross Margin |
54.2%
|
20.3%
|
| Operating Margin |
23.2%
|
11.2%
|
| Return on Equity |
37.3%
|
11.8%
|
| Dividend Yield |
1.79% |
1.46% |
| FCF Yield |
4.88%
|
4.6%
|
| Analyst Consensus |
Hold
|
Buy
|
Investment Thesis
Qualcomm develops foundational wireless technologies and monetizes them through two main engines: QCT, which supplies Snapdragon application processors and modems, and QTL, which licenses a standards-essential patent portfolio covering CDMA2000, WCDMA, LTE and 5G. The licensing arm and the company's entrenched position in premium Android handsets give it a genuinely high-quality business, evidenc…
RTX Corporation is a $260.85 billion aerospace and defense conglomerate operating three segments — Collins Aerospace, Pratt & Whitney, and Raytheon — serving commercial aviation, military, and government customers worldwide with 180,000 employees. The business quality is high: it holds intangible-asset and switching-cost advantages rooted in long-cycle engine programs, proprietary defense electro…
Accumulation Zones
| Metric |
QCOM |
RTX |
| Zone Low |
$119.56 |
$193.02 |
| Zone High |
$135.51 |
$218.76 |
| In Buy Zone? |
No
|
Yes
|