RTX CorpRTX
RTX Corp Financial Overview 2021–2025
RTX Corporation signaled a definitive operational turnaround in FY2025, delivering operating profit of $9.3 billion and a record backlog of $268 billion that secures years of production visibility. The company has successfully navigated the costly "Powder Metal" engine defects that plagued previous years, capitalizing on a dual-threat environment of recovering commercial air travel and heightened geopolitical instability. This momentum is evident in the company's long-term trajectory, as revenue expanded from $64.4 billion in FY2021 to $88.6 billion in FY2025.
Underlying this growth is a sharp recovery in efficiency, with operating margins widening to 10.5% in FY2025 compared to the depressed levels of prior years. The Pratt & Whitney segment served as the primary growth engine, contributing $4.8 billion in organic sales growth driven by commercial aftermarket and military demand, while the Raytheon segment added $1.7 billion in organic sales from land and air defense systems. Investors priced this return to stability and growth aggressively, valuing shares at $183.40—a premium 37.0x earnings multiple—at the close of FY2025.
Recent Developments (Q3 and Q4 2025)
RTX accelerated performance in Q3 2025, driving sales up 11.9% to $22.48 billion and delivering diluted EPS of $1.41. Beyond the headline growth, the company utilized the second half to de-risk its balance sheet, executing a $2.5 billion pension liability transfer to Prudential that triggered a $300 million non-cash charge in Q4 2025. Management also successfully contained a ransomware attack on its MUSE passenger software in September 2025, avoiding material financial damage despite operational disruptions for airline customers. Bulls highlight the improved debt-to-capitalization ratio of 37% as proof of financial discipline, while bears caution that the stock traded at a steep 40.1x earnings multiple as of February 2026, implying that market expectations may have outpaced near-term earnings potential.
What to watch: Commercial aftermarket margin trends; supply chain throughput improvements.
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
Recent SEC Filings
RTX Corp 8-K Report, Financial Results (Jan 27, 2026)
RTX Corporation has filed a Current Report (8-K) on January 27, 2026, to furnish a press release detailing its fourth quarter 2025 results. While the full financial details are contained within the press release (Exhibit 99), this filing serves as official notification of the earnings announcement. Investors should refer to the furnished press release for comprehensive information regarding the Company's financial performance, operational highlights, and forward-looking guidance for the period ended December 31, 2025. The filing itself does not contain the detailed financial statements but directs stakeholders to the accompanying exhibit for the critical data points.
RTX Corp 8-K Report, Corporate Update (Nov 13, 2025)
RTX Corporation has announced a significant pension de-risking transaction involving a buy-out conversion of a group annuity contract. The company is transferring approximately $2.5 billion of gross pension obligations to The Prudential Insurance Company of America, covering about one-third of its retirees and beneficiaries. This move transfers administrative responsibility for these benefits to Prudential, with no change to the benefit amounts for the affected retirees. The transaction is expected to close by December 30, 2025, and importantly, it will not negatively impact the Plan's overall funded status.
RTX Corp 8-K Report, Financial Results (Oct 21, 2025)
RTX Corporation (RTX) has filed a Current Report on Form 8-K on October 21, 2025, to furnish a press release announcing its third quarter 2025 financial results. The report primarily serves to provide investors with access to the company's latest operational and financial performance data. While the 8-K itself does not contain detailed financial statements, it directs investors to the furnished press release (Exhibit 99) for a comprehensive overview of the third quarter's outcomes. Investors should refer to the press release furnished as Exhibit 99 for specific details on RTX's third quarter 2025 performance, including revenue, profitability, and any forward-looking guidance. The filing emphasizes that the press release is furnished and not deemed filed, meaning it does not automatically update previously filed documents under SEC regulations, but it remains a crucial source of timely information regarding the company's financial condition and operational results.
RTX Corp 8-K Report, Corporate Update (Sep 24, 2025)
RTX Corporation has disclosed a product cybersecurity incident involving ransomware affecting its Multi-User System Environment (MUSE) passenger processing software. The MUSE software, used by airlines for check-in and gate operations including baggage handling, operates on customer-specific networks outside of RTX's enterprise network. While RTX has activated its incident response plan, engaged cybersecurity experts, and notified authorities, the investigation is ongoing. The company is working with affected airlines and airports, which have implemented backup or manual processes, leading to some flight delays and cancellations. Importantly, RTX states that, at this time, the incident has not had a material impact and is not reasonably expected to have a material impact on its financial condition, business operations, or results. However, the company also cautions that the full extent of the incident is still being assessed, and potential risks include ongoing investigation findings, customer relationships, regulatory inquiries, litigation, and remediation costs. Investors should monitor further updates on the investigation and any potential financial or operational repercussions.
RTX Corp 8-K Report, Financial Results (Jul 22, 2025)
RTX Corporation has filed an 8-K report on July 22, 2025, primarily to furnish its second quarter 2025 earnings press release. This filing serves as an announcement of the company's financial performance for the quarter ending July 21, 2025. While the press release itself is attached as an exhibit, it's important for investors to note that this information is furnished and not formally 'filed' for purposes of certain SEC regulations, meaning it doesn't automatically become part of other SEC filings unless specifically incorporated by reference. Investors should review the furnished press release for detailed financial metrics, management commentary on performance drivers, and any forward-looking statements or guidance provided by RTX. This 8-K signals the release of Q2 2025 results and is the primary avenue for accessing these initial details outside of the company's direct investor relations channels. Further analysis of the company's strategic direction, operational execution, and market positioning would require a deeper dive into the content of the Q2 earnings release itself.
View all 8-K filings →