Saturday 31 October 2026 Export RTX’s income statement to Excel — free account

RTX Corporation

RTX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.6 billion, up 9.74% from fiscal 2024. In the quarter to June 2026, revenue grew 14.5%, EPS grew 27.4%, free cash flow grew 1,553.6% and total debt fell 10.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for five.

200.29 0.89 +0.45%

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Market cap: $269.1B
P/E: 34.8×
Fwd P/E: 30.1×
Dividend yield: 1.41%
F-score: 8/9
Altman Z: 2.59
Beneish M: −2.32
Dividend safety: 77/100

Overview Business Profile Financial Analysis Segments Filings

RTX Corporation (RTX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Pratt & Whitney	32,916	37.15%
Collins Aerospace	30,196	34.08%
Raytheon	28,043	31.65%
Other	210	0.24%
Gross margin		20.08%
Operating margin		10.50%
Pre-tax margin		9.86%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Products	64,171 72.43%	59,612 73.83%	49,571 71.93%	50,773 75.70%	49,270 76.52%	43,319 76.55%	32,998 72.76%	24,141 69.57%	41,361 69.12%	40,735 71.16%
Services	24,432 27.57%	21,126 26.17%	19,349 28.07%	16,301 24.30%	15,118 23.48%	13,268 23.45%	12,351 27.24%	10,560 30.43%	18,476 30.88%	16,509 28.84%
Revenue	88,603	80,738	68,920	67,074	64,388	56,587	45,349	34,701	59,837	57,244

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Products	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Pratt & Whitney	32,916 37.15%	28,066 34.76%	18,296 26.55%	20,527 30.60%	18,150 28.19%	16,790 29.67%	20,905 46.10%	19,404 55.92%	16,160 27.01%	14,894 26.02%	14,082 25.10%	14,508 25.06%	14,501 25.62%	13,964 24.20%	12,711 22.80%	12,150 23.24%	12,392 23.64%
Collins Aerospace	30,196 34.08%	28,284 35.03%	26,253 38.09%	21,330 31.80%	21,152 32.85%	17,910 31.65%	24,431 53.87%	16,634 47.94%	14,691 24.55%	14,465 25.27%	14,094 25.12%	14,215 24.55%	13,347 23.58%	8,334 14.44%	4,760 8.54%	4,399 8.42%	5,560 10.61%
Raytheon	28,043 31.65%	26,713 33.09%	26,350 38.23%	25,043 37.34%	26,452 41.08%	—	—	—	—	—	—	—	—	—	—	—	—
Other	210 0.24%	175 0.22%	110 0.16%	174 0.26%	173 0.27%	0 0.00%	0 0.00%	12 0.03%	—	—	—	—	—	—	—	—	—
Raytheon Missiles & Defense	—	—	—	—	—	11,219 19.83%	0 0.00%	0 0.00%	—	—	—	—	—	—	—	—	—
Raytheon Intelligence & Space	—	—	—	—	—	11,069 19.56%	0 0.00%	0 0.00%	—	—	—	—	—	—	—	—	—
Acquisition Accounting Adjustments	—	—	—	—	—	0 0.00%	0 0.00%	0 0.00%	—	—	—	—	—	—	—	—	—
FAS/CAS Operating Adjustment	—	—	—	—	—	0 0.00%	0 0.00%	0 0.00%	—	—	—	—	—	—	—	—	—
Carrier	—	—	—	—	—	—	—	—	17,812 29.77%	16,851 29.44%	16,707 29.78%	16,823 29.06%	16,809 29.70%	17,090 29.61%	18,864 33.83%	17,876 34.20%	11,335 21.62%
Otis	—	—	—	—	—	—	—	—	12,341 20.62%	11,893 20.78%	11,980 21.36%	12,982 22.42%	12,484 22.06%	12,056 20.89%	12,437 22.31%	11,579 22.15%	11,723 22.36%
General corporate expenses	—	—	—	—	—	—	—	—	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%
Eliminations and other	—	—	—	—	—	—	—	—	(1,167) (1.95%)	(859) (1.50%)	(765) (1.36%)	(628) (1.08%)	(541) (0.96%)	(527) (0.91%)	(373) (0.67%)	(413) (0.79%)	(375) (0.72%)
Sikorsky	—	—	—	—	—	—	—	—	—	—	—	—	—	6,791 11.77%	7,355 13.19%	6,684 12.79%	6,287 11.99%
UTC Fire and Security	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5,503 10.50%
Eliminations	(2,762) (3.12%)	(2,500) (3.10%)	(2,089) (3.03%)	—	(1,539) (2.39%)	(401) (0.71%)	—	(1,349) (3.89%)	—	—	—	—	—	—	—	—	—
Total Segments	—	—	—	—	—	—	—	—	61,004	58,103	56,863	58,528	57,141	58,235	56,127	52,688	52,800
Revenue	88,603	80,738	68,920	67,074	64,388	56,587	45,349	34,701	59,837	57,244	56,098	57,900	56,600	57,708	55,754	52,275	52,425

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Collins Aerospace	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Raytheon	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Pratt & Whitney	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FAS/CAS Operating Adjustment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Raytheon Intelligence & Space	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Raytheon Missiles & Defense	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Acquisition Accounting Adjustments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Carrier	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Otis	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Eliminations and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
General corporate expenses	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Sikorsky	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
UTC Fire and Security	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2022	FY2021	FY2020	FY2019	FY2018	FY2012	FY2011	FY2010	FY2009
United States	47,291 53.37%	46,087 57.08%	41,190 61.41%	40,011 62.14%	34,560 61.07%	21,397 47.18%	15,666 45.15%	32,175 55.75%	28,993 52.00%	27,547 52.70%	27,990 53.39%
Europe	18,799 21.22%	15,975 19.79%	11,111 16.57%	9,598 14.91%	8,856 15.65%	11,378 25.09%	9,531 27.47%	11,823 20.49%	12,344 22.14%	11,678 22.34%	12,216 23.30%
Asia Pacific	13,782 15.55%	10,893 13.49%	8,057 12.01%	7,969 12.38%	7,644 13.51%	7,935 17.50%	6,637 19.13%	8,733 15.13%	9,016 16.17%	7,658 14.65%	7,173 13.68%
Other regions	5,110 5.77%	4,325 5.36%	3,117 4.65%	2,431 3.78%	2,084 3.68%	3,109 6.86%	1,985 5.72%	4,964 8.60%	5,376 9.64%	5,369 10.27%	4,991 9.52%
Middle East and North Africa	3,621 4.09%	3,458 4.28%	3,599 5.37%	4,379 6.80%	3,443 6.08%	1,530 3.37%	882 2.54%	—	—	—	—
Geographical Intersegment, Eliminations [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	13 0.02%	25 0.04%	23 0.04%	55 0.10%
Revenue	88,603	80,738	67,074	64,388	56,587	45,349	34,701	57,708	55,754	52,275	52,425

Operating income by segment $m, and margin

	FY2025	FY2024	FY2022	FY2021	FY2020	FY2019	FY2018	FY2012	FY2011	FY2010	FY2009
United States	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Europe	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Asia Pacific	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other regions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Geography Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Geographical Intersegment, Eliminations [Member] (Deprecated 2013-01-31)	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Backlog	Q3 FY2026	$340.0B	$251.0B	+35.46%
Commercial aerospace backlog	Q3 FY2026	$176.0B	$148.0B	+18.92%
Defense backlog	Q3 FY2026	$164.0B	$103.0B	+59.22%
Remaining performance obligations	Q3 FY2026	$340.0B	$251.0B	+35.46%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial aerospace backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Defense backlog	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.

RTX Corporation (RTX) revenue by segment, product and region

Where the money comes from and where it goes

Revenue by product or service $m

Gross profit by product or service $m, and margin

Revenue by segment $m

Operating income by segment $m, and margin

Revenue by region $m

Operating income by segment $m, and margin

Operating figures as reported in each quarter’s results release or filing

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