RTX Corporation, an aerospace and defense company, provides systems and services for commercial, military, and government customers worldwide. It operates through three segments: Collins Aerospace (Collins), Pratt & Whitney, and Raytheon. The Collins segment offers aerospace and defense products, and aftermarket services for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations. This segment designs, manufactures, and supplies electric power generation and management and distribution, environmental control, flight control, air data and aircraft sensing, engine control, and engine nacelle systems, as well as engine components; cabin interiors, including seating, oxygen, food and beverage preparation, storage and galley, lavatory, and wastewater management systems; connected aviation solutions and services; and systems solutions for connected battlespace, test and training range systems, crew escape systems, and simulation and training. It also provides spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units, as well as offers fleet management and aftermarket maintenance, repair, and overhaul services. The Raytheon segment provides defensive and offensive threat detection, tracking, and mitigation capabilities for government and commercial customers. This segment offers sensors, mission orchestration and satellite control products, and software. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $88.6B | $14.9B | $6.7B | $7.4B | 10.3% | 9.7% | 41.0% |
| 2024 | $80.7B | $12.5B | $4.8B | $3.9B | 7.9% | 17.1% | 49.4% |
| 2023 | $68.9B | $9.7B | $3.2B | $4.7B | 5.3% | 2.8% | -38.5% |
| 2022 | $67.1B | $11.5B | $5.2B | $4.4B | 7.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 67,074 | 68,920 | 80,738 | 88,603 |
| Operating Revenue | - | 67,074 | 68,920 | 80,738 | 88,603 |
| Cost Of Revenue | - | 53,406 | 56,831 | 65,328 | 70,814 |
| Gross Profit | - | 13,668 | 12,089 | 15,410 | 17,789 |
| Operating Expense | - | 8,164 | 8,528 | 8,872 | 8,489 |
| Research And Development | - | 2,711 | 2,805 | 2,934 | 2,807 |
| Selling General And Administration | - | 5,573 | 5,809 | 5,806 | 6,095 |
| Total Expenses | - | 61,570 | 65,359 | 74,200 | 79,303 |
| Operating Income | - | 5,504 | 3,561 | 6,538 | 9,300 |
| Total Operating Income As Reported | - | 5,504 | 3,561 | 6,538 | 9,300 |
| EBITDA | - | 11,525 | 9,700 | 12,528 | 14,946 |
| Normalized EBITDA | - | 11,525 | 9,700 | 12,528 | 14,946 |
| EBIT | - | 7,417 | 5,489 | 8,164 | 10,568 |
| Interest Income | - | 70 | 100 | 102 | 98 |
| Interest Expense | - | 1,300 | 1,653 | 1,970 | 1,835 |
| Net Interest Income | - | -1,230 | -1,553 | -1,868 | -1,737 |
| Other Non Operating Income Expenses | - | 1,843 | 1,828 | 1,524 | 1,170 |
| Other Income Expense | - | 1,843 | 1,828 | 1,524 | 1,170 |
| Interest Income Non Operating | - | 70 | 100 | 102 | 98 |
| Interest Expense Non Operating | - | 1,300 | 1,653 | 1,970 | 1,835 |
| Net Non Operating Interest Income Expense | - | -1,230 | -1,553 | -1,868 | -1,737 |
| Pretax Income | - | 6,117 | 3,836 | 6,194 | 8,733 |
| Tax Provision | - | 790 | 456 | 1,181 | 1,664 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 5,327 | 3,380 | 5,013 | 7,069 |
| Net Income From Continuing And Discontinued Operation | - | 5,197 | 3,195 | 4,774 | 6,732 |
| Net Income From Continuing Operation Net Minority Interest | - | 5,216 | 3,195 | 4,774 | 6,732 |
| Net Income | - | 5,197 | 3,195 | 4,774 | 6,732 |
| Net Income Common Stockholders | - | 5,197 | 3,195 | 4,774 | 6,732 |
| Net Income Including Noncontrolling Interests | - | 5,308 | 3,380 | 5,013 | 7,069 |
| Normalized Income | - | 5,216 | 3,195 | 4,774 | 6,732 |
| Diluted NI Availto Com Stockholders | - | 5,197 | 3,195 | 4,774 | 6,732 |
| Basic Average Shares | - | 1,475.50 | 1,426 | 1,332.10 | 1,341.40 |
| Diluted Average Shares | - | 1,485.90 | 1,435.40 | 1,343.60 | 1,356.40 |
| Reconciled Depreciation | - | 4,108 | 4,211 | 4,364 | 4,378 |
| Reconciled Cost Of Revenue | - | 53,406 | 56,831 | 65,328 | 70,814 |
| Total Unusual Items | -649 | 0 | 0 | - | - |
| Total Unusual Items Excluding Goodwill | -649 | 0 | 0 | - | - |
| Minority Interests | - | -111 | -185 | -239 | -337 |
| Net Income Discontinuous Operations | -33 | -19 | 0 | 0 | - |
| Special Income Charges | -649 | 0 | 0 | - | - |
| Other Special Charges | 649 | - | - | - | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| General And Administrative Expense | 3,102 | 3,684 | 4,029 | - | - |
| Other Gand A | 5,046 | 5,573 | 5,809 | - | - |
| Salaries And Wages | -1,944 | -1,889 | -1,780 | - | - |
| Other Operating Expenses | - | -120 | -86 | 132 | -413 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| RTX Corporationthis co. | RTX | $241.6B | 35.89 | 3.70 | 10.3% | 18.31 |
| GE Aerospace | GE | $342.3B | 39.33 | 18.33 | 46.6% | 29.05 |
| GE Vernova Inc. | GEV | $258.9B | 53.00 | 23.16 | 43.7% | 112.04 |
| The Boeing Company | BA | $171.4B | 90.73 | 31.43 | 34.6% | 26.69 |
| Eaton Corporation plc | ETN | $162.5B | 39.77 | 8.37 |
| - |
| - |
| - |
| - |
| 21.0% |
| 27.91 |
| Deere & Company | DE | $159.7B | 31.78 | 6.16 | 19.4% | 18.51 |
| Union Pacific Corporation | UNP | $156.7B | 21.95 | 8.48 | 38.7% | 14.55 |
| Honeywell International Inc. | HON | $137.9B | 29.16 | 9.92 | 34.0% | 19.61 |
| Vertiv Holdings Co | VRT | $124.4B | 93.35 | 31.57 | 33.8% | 58.93 |
| Peer Median | - | 39.55 | 14.12 | 34.3% | 27.30 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Oct has averaged the highest return (+7.8%); Sep the lowest (-4.0%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.6%Positive MonthJan 2026: +9.56% | +0.8%Neutral MonthFeb 2026: +0.84% | -4.8%Negative MonthMar 2026: -4.80% | -8.7%Negative MonthApr 2026: -8.72% | +2.0%Positive MonthMay 2026: +2.04% | +5.6%Positive MonthJun 2026: +5.61% | +13.4%Positive MonthJul 2026: +13.43% | +2.4%*Positive MonthAug 2026: +2.38% | — | — | — | — |
| 2025 | +11.4%Positive MonthJan 2025: +11.43% | +3.1%Positive MonthFeb 2025: +3.13% | -0.4%Neutral MonthMar 2025: -0.40% | -4.8%Negative MonthApr 2025: -4.78% | +8.2%Positive MonthMay 2025: +8.21% | +7.0%Positive MonthJun 2025: +6.99% | +7.9%Positive MonthJul 2025: +7.91% | +0.7%Neutral MonthAug 2025: +0.65% | +5.5%Positive MonthSep 2025: +5.50% | +6.7%Positive MonthOct 2025: +6.68% | -2.0%Negative MonthNov 2025: -2.01% | +4.9%Positive MonthDec 2025: +4.85% |
| 2024 | +8.3%Positive MonthJan 2024: +8.30% | -1.6%Neutral MonthFeb 2024: -1.59% | +8.8%Positive MonthMar 2024: +8.77% | +4.1%Positive MonthApr 2024: +4.09% | +6.2%Positive MonthMay 2024: +6.20% | -6.9%Negative MonthJun 2024: -6.88% | +17.0%Positive MonthJul 2024: +17.03% | +5.0%Positive MonthAug 2024: +4.98% | -1.8%Neutral MonthSep 2024: -1.77% | -0.1%Neutral MonthOct 2024: -0.14% | +0.7%Neutral MonthNov 2024: +0.69% | -5.0%Negative MonthDec 2024: -5.02% |
| 2023 | -1.1%Neutral MonthJan 2023: -1.06% | -1.8%Neutral MonthFeb 2023: -1.76% | -0.2%Neutral MonthMar 2023: -0.16% | +2.0%Positive MonthApr 2023: +2.01% | -7.8%Negative MonthMay 2023: -7.77% | +6.3%Positive MonthJun 2023: +6.32% | -10.2%Negative MonthJul 2023: -10.24% | -2.1%Negative MonthAug 2023: -2.15% | -16.4%Negative MonthSep 2023: -16.35% | +13.1%Positive MonthOct 2023: +13.09% | +0.1%Neutral MonthNov 2023: +0.11% | +3.3%Positive MonthDec 2023: +3.26% |
| 2022 | +4.8%Positive MonthJan 2022: +4.80% | +13.9%Positive MonthFeb 2022: +13.87% | -3.5%Negative MonthMar 2022: -3.53% | -4.2%Negative MonthApr 2022: -4.20% | +0.2%Neutral MonthMay 2022: +0.22% | +1.0%Neutral MonthJun 2022: +1.04% | -3.0%Negative MonthJul 2022: -3.02% | -3.7%Negative MonthAug 2022: -3.71% | -8.8%Negative MonthSep 2022: -8.79% | +15.8%Positive MonthOct 2022: +15.83% | +4.1%Positive MonthNov 2022: +4.11% | +2.2%Positive MonthDec 2022: +2.23% |
| 2021 | — | — | — | — | +6.6%Positive MonthMay 2021: +6.57% | -3.8%Negative MonthJun 2021: -3.83% | +1.9%Neutral MonthJul 2021: +1.92% | -2.5%Negative MonthAug 2021: -2.52% | +1.4%Neutral MonthSep 2021: +1.42% | +3.4%Positive MonthOct 2021: +3.37% | -8.9%Negative MonthNov 2021: -8.94% | +6.4%Positive MonthDec 2021: +6.35% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.