RTX CorpRTX
RTX Corp Financial Overview 2021–2025
Updated Jul 10, 2026RTX Corporation absorbed a $2.9 billion 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 billion 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 $183.40, commanding a 37.0x trailing earnings multiple on $4.96 in annual EPS.
Recent Developments (Q4 2025 and Q1 2026)
RTX Corporation accelerated its momentum in Q1 2026, delivering an 8.7% year-over-year revenue increase to $22.1 billion. Operational execution remained robust despite persistent inflationary pressures, driving a 25.5% surge in operating profit to $2.56 billion and pushing operating margins to 11.6%. Pratt & Whitney led this top-line expansion with an 11.0% sales jump. Concurrently, operating cash flows leaped 42.6% to $1.86 billion. At the governance level, the board decreased from eleven to ten members following the amicable resignation of Director James A. Winnefeld Jr. on March 5, 2026.
Bulls point to the company's swelling $271 billion backlog as a guarantee of sustained, multi-year revenue visibility. Bears warn that the equity is priced for perfection, trading at a rich 37.7x earnings as of April 21, 2026, leaving a minimal margin of safety if material costs escalate or supply chain friction worsens.
What to watch: ongoing inflationary impacts on segment margins; conversion rates of the $271 billion backlog into recognized sales.
Rev
$88.60B
FY2025
NI
$6.73B
FY2025
EPS
$5.02
FY2025
OCF
$10.57B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All RTX Financial Metrics(63)
Income Statement
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Cash Flow
Recent SEC Filings
RTX Corp 8-K Report, Executive Changes (Sep 15, 2026)
RTX Corporation (RTX) has announced a significant leadership transition within its Pratt & Whitney division. Shane Eddy, currently the president of Pratt & Whitney, will be retiring from the company at the end of the first quarter of 2027, following his stepping down from the presidential role effective January 1, 2027. This change marks the end of Mr. Eddy's tenure and signals a planned succession within a key segment of RTX's operations. Investors should note that Jill Albertelli, who presently leads Pratt & Whitney's Military Engines business, has been appointed to succeed Mr. Eddy as president of Pratt & Whitney starting January 1, 2027. This appointment suggests a focus on continuity and internal promotion, leveraging existing leadership expertise within the company. The filing indicates that the associated press release is included as an exhibit, which may offer further details on the transition and future strategic direction under Ms. Albertelli's leadership.
RTX Corp 8-K Report, Financial Results (Jul 23, 2026)
RTX Corporation announced its second quarter 2026 financial results on July 23, 2026, via a press release filed as part of this 8-K. While the filing itself is brief and primarily serves to formally present the earnings release, the key takeaway for investors lies within that accompanying document. Investors should review the press release for detailed financial performance metrics, including revenue, net income, earnings per share, and any segmental performance breakdowns. This filing indicates that RTX's second quarter 2026 performance details are now publicly available. It is crucial for investors to consult the furnished press release (Exhibit 99) for specific figures and management commentary regarding the company's operational and financial condition during the quarter. The filing explicitly states that the press release is furnished and not deemed filed, meaning it's provided for informational purposes and doesn't carry the same legal implications as a formally filed document under certain sections of the Exchange Act. Investors are encouraged to seek out the full press release for comprehensive insights.
RTX Corp 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.
RTX Corp 8-K Report, Financial Results (Apr 21, 2026)
RTX Corporation (RTX) has filed a Form 8-K on April 21, 2026, to report its first quarter 2026 financial results. The filing primarily serves to furnish the press release announcing these results, which is attached as an exhibit. Investors should review this press release for detailed information regarding the company's performance during the first quarter of 2026, including key financial metrics, operational updates, and management's commentary on future outlook. As this is an 8-K filing, the press release itself contains the substantive information investors should focus on, rather than the 8-K form itself which acts as a notification vehicle.
RTX Corp 8-K Report, Executive Changes (Mar 5, 2026)
RTX Corporation (RTX) announced the resignation of director James A. Winnefeld Jr. from its Board of Directors, effective March 5, 2026. This resignation was not prompted by any disagreements with the company's operations, policies, or practices. The departure will result in a reduction of the Board's size from eleven to ten members.
View all 8-K filings →