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RTXRTX

Legal name
RTX Corporation
Sector
Other
Industry
Aircraft Engines & Engine Parts
Exchange
NYSE

Stock Price $RTX

Latest filings

You are here#3 of 116 in Industrials by market cap

Filing record · 2016–202610-K1210-Q338-K139

RTX filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 139 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jan ’19Jan ’19
  2. Leadership change8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Feb ’23Feb ’23
  4. FY2024 annual report10-K · Feb ’25Feb ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $88.60B
YoY changeLargest recent move−42.0%in FY18Latest +9.7%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All RTX Financial Metrics63 metrics

Income Statement16

Balance Sheet27

Cash Flow15

Per Share5

02—Overview

RTX Financial Overview 2021–2025

Updated Nov 3, 2026

RTX Corporation absorbed a $2.9 billiona manufacturing charge in FY2023 and $859 million in government penalties in FY2024, yet still expanded its operating profit margin to 10.5% in FY2025. This financial elasticity highlights a clear investment thesis: the company’s entrenched aerospace and defense segments possess the scale and pricing power to outrun severe operational shocks.

Revenue grew from $64.4 billion in FY2021 to $88.6 billionb in FY2025, fueled by overlapping booms in commercial airline aftermarket services and global military procurement. The company's future revenue pipeline mirrored this trajectory, with total backlog climbing from $156 billion in FY2021 to a record $268 billion by the close of FY2025. Management aggressively directed capital to shareholders during this expansion, highlighted by a massive $12.9 billion stock repurchase program in FY2023. Profitability sharply rebounded as the Pratt & Whitney engine crisis subsided, driving operating profit up to $9.3 billion in FY2025.

Investors heavily rewarded this fundamental turnaround by the end of FY2025. The stock closed the fiscal year at $183.40c, commanding a 37.0x trailing earnings multiple on $4.96 in annual EPS.

Recent Developments (Q2 and Q3 2026)

Sales growth held in double digits through the middle of 2026. Q2 2026 sales rose 14.5% to $24.7 billiond, and Q3 2026 sales rose 11.1% to $24.97 billion. Operating profit grew 32.3% to $3.34 billion in Q3 2026, with margin at 13.4% versus 11.2% a year earlier, even after a $0.4 billion Pratt & Whitney customer bankruptcy charge. Management raised the full-year adjusted EPS outlook twice, to $7.65–$7.75. Backlog reached $340 billion, up from $289 billion at Q2 2026. On September 14, Shane Eddy announced he will step down as Pratt & Whitney president on January 1, 2027. Jill Albertelli will succeed him.

The bull case: backlog growth and raised guidance support continued earnings expansion. The bear case: at 39.0xe earnings as of the Q3 2026 report date (October 19, 2026), the stock leaves little room for a miss, and the Pratt & Whitney leadership handoff adds execution risk.

What to watch: Pratt & Whitney's transition under Albertelli; delivery against the $9.0–$9.2 billion free cash flow target

03—Filings

Recent SEC Filings

  1. 8-KRTX 8-K Report, Financial Results (Oct 20, 2026)RTX Corporation reported strong third quarter 2026 financial results, demonstrating significant top-line and bottom-line growth. Sales reached $25.0 billion, an 11% increase year-over-year and a 12% organic increase, driven by robust performance across all segments, particularly in commercial aerospace and defense. Adjusted Earnings Per Share (EPS) surged by 33% to $2.26, boosted by operational execution and a notable IEEPA cost recovery. Reflecting this positive momentum, RTX has raised its full-year 2026 financial outlook. The company now expects adjusted sales between $97.0 - $97.5 billion, with organic sales growth projected at 10-11%. Adjusted EPS is anticipated to be in the range of $7.65 - $7.75, and free cash flow is now projected at $9.0 - $9.2 billion. The company's substantial backlog of $340 billion, comprising $176 billion in commercial and $164 billion in defense, provides a strong foundation for continued growth and execution.
  2. 8-KRTX 8-K Report, Executive Changes (Sep 15, 2026)RTX Corporation filed an 8-K on September 15, 2026 disclosing a leadership transition at its Pratt & Whitney segment. Shane Eddy, president of Pratt & Whitney since 2022, will step down effective January 1, 2027 and retire from the company at the end of the first quarter of 2027. He will remain through March 2027 as a special advisor to support the transition. Jill Albertelli, currently president of Pratt & Whitney's Military Engines business, will succeed him as president effective January 1, 2027, reporting to Chairman and CEO Chris Calio. For investors, this is a planned, orderly succession rather than a disruption. The filing is classified under Item 5.02(b) because Eddy is a named executive officer, but the announcement contains no financial results, guidance changes, or restructuring charges. Calio's comments credit Eddy with guiding Pratt & Whitney through a multi-year transformation and the production and sustainment ramp for the GTF and F135 engines, and with helping the business achieve record sales growth. The advance notice of roughly three and a half months, plus a transition period with Eddy still on staff, reduces execution risk. Albertelli brings more than three decades of experience across engineering, manufacturing, quality, supply chain, commercial programs, sales, and MRO operations. Her most recent role, leading Military Engines, is directly relevant to the segment's defense franchise, where she is credited with securing the sole-source propulsion position on a fighter aircraft and improving F135 delivery and quality. Investors should monitor whether the GTF and F135 ramp, which is central to Pratt & Whitney's earnings trajectory, continues on plan under new leadership. The filing itself provides no detail on compensation changes.
  3. 8-KRTX 8-K Report, Financial Results (Jul 23, 2026)RTX Corporation reported strong second quarter 2026 results, with sales of $24.7 billion, up 14 percent year over year (16 percent organically), and adjusted EPS of $1.89, up 21 percent. GAAP EPS was $1.57, up 29 percent. Growth was broad-based: Collins Aerospace organic sales rose 13 percent, Pratt & Whitney sales rose 16 percent on double-digit commercial aftermarket and military growth, and Raytheon sales rose 18 percent on air and land defense demand. Segment margins expanded across all three businesses. Operating cash flow was $3.5 billion and free cash flow was $2.9 billion, and total backlog reached $289 billion, up 22 percent year over year. Management raised its full-year 2026 outlook. Adjusted sales are now guided to $95.0-$96.0 billion (from $92.5-$93.5 billion), organic growth to 8-9 percent (from 5-6 percent), adjusted EPS to $7.10-$7.25 (from $6.70-$6.90), and free cash flow to $8.50-$8.75 billion (narrowed from $8.25-$8.75 billion, with the floor raised). The guidance raise is significant because it lifts the expected growth rate materially above the prior framework, not just the top line. Other items include an agreement to sell Raytheon's Blue Canyon Technologies unit for $620 million, a $69 million litigation charge excluded from adjusted results, and a $70 million investment gain also excluded. Reported GAAP results remain burdened by roughly $474 million of quarterly acquisition accounting amortization. The filing furnishes the earnings press release under Item 2.02 and does not contain new risk disclosures beyond the standing forward-looking statements, which continue to reference the powder metal issue affecting the GTF fleet and prior DOJ and SEC matters.
  4. 8-KRTX 8-K Report, Shareholder Vote Results (May 4, 2026)RTX Corporation (RTX) filed an 8-K on May 4, 2026, detailing the results of its 2026 Annual Meeting of Shareowners held on April 30, 2026. The meeting confirmed the election of its slate of directors, with all nominees receiving substantial support from shareholders. Additionally, shareholders approved, on an advisory basis, the compensation of the company's named executive officers, indicating general confidence in executive pay practices. The company also secured shareholder approval for the appointment of PricewaterhouseCoopers LLP as its independent auditor for the upcoming fiscal year, a routine but important step for corporate governance and financial oversight.
  5. 8-KRTX 8-K Report, Financial Results (Apr 21, 2026)RTX Corporation's first quarter 2026 results, furnished under Item 2.02 of this 8-K, show a strong start to the year. Sales rose 9% to $22.1 billion (10% organically), and GAAP EPS was $1.51, up 32%. Adjusted EPS of $1.78 grew 21%, and adjusted net income rose 22% to $2.4 billion on growth across all three segments plus lower interest and tax expense. Operating cash flow of $1.9 billion and free cash flow of $1.3 billion (up 65%) were supported by a large favorable change in accounts receivable. Backlog reached $271 billion, including $162 billion of commercial and $109 billion of defense. Management raised its 2026 adjusted sales outlook to $92.5-$93.5 billion (from $92.0-$93.0 billion) and its adjusted EPS outlook to $6.70-$6.90 (from $6.60-$6.80). Organic sales growth is guided at 5-6%, and free cash flow guidance of $8.25-$8.75 billion was confirmed. The guidance raise was attributed to first-quarter performance and strength in the defense business. Investors should note that GAAP results carry roughly $0.27 per share of acquisition accounting amortization, and that non-GAAP measures are used heavily in the release. Pratt & Whitney commercial OE sales declined 1% on lower engine deliveries, and the filing's forward-looking statements continue to reference the GTF powder metal issue and the previously disclosed DOJ and SEC matters as risk factors. Note that the filing describes the press release but does not itself contain the full financial statements in the body; the figures above come from the attached Exhibit 99.
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04—See also

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