RTX Corporation (RTX) Income Statement
RTX 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRTX revenue and net income
Where RTX's revenue goes
2025Each bar shows an amount and its share of revenue. RTX kept 7.6% of revenue as net income.
RTX profit margins
RTX growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.7% | +9.7% | +9.4% | +4.7% |
| Gross profit | +15.4% | +9.2% | +15.8% | +1.3% |
| Operating income | +42.2% | +19.1% | — | +2.5% |
| Net income | +41.0% | +9.0% | — | −1.2% |
| EPS (diluted) | +9.4% | +9.4% | +12.4% | −0.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RTX quarterly EPS vs estimates
RTX beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 20, 2026 (estimate $1.78).
RTX income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $88.60B | $80.74B | $68.92B | $67.07B | $64.39B | $56.59B | $45.35B | $34.70B | $59.84B | $57.24B |
| Cost of revenue | $70.81B | $65.33B | $56.83B | $53.41B | $51.90B | $48.06B | $34.60B | $27.46B | $44.20B | $41.47B |
| Gross profit | $17.79B | $15.41B | $12.09B | $13.67B | $12.49B | $8.53B | $10.75B | $7.24B | $15.64B | $15.77B |
| Research & development | $2.81B | $2.93B | $2.81B | $2.71B | $2.73B | $2.58B | $2.45B | $1.88B | $2.43B | $2.38B |
| Sales, general & admin | $6.09B | $5.81B | $5.81B | $5.57B | $3.10B | $5.54B | $8.52B | $7.07B | $6.18B | $6.06B |
| Total operating expenses | $8.49B | $8.87B | $8.61B | $8.16B | $7.36B | $10.42B | $5.84B | $4.36B | $7.50B | $7.55B |
| Operating income | $9.30B | $6.54B | $3.56B | $5.50B | $5.14B | −$1.89B | $4.91B | $2.88B | $8.14B | $8.22B |
| Interest income | $1.75B | $102.0M | $100.0M | $1.28B | $1.32B | $1.37B | $162.0M | $187.0M | $909.0M | $1.04B |
| Interest expense | $1.83B | $1.97B | $1.50B | $1.30B | $1.33B | $1.41B | $1.71B | $1.18B | $1.02B | $1.16B |
| Income before taxes | $8.73B | $6.19B | $3.84B | $6.12B | $5.11B | −$2.35B | $4.15B | $2.50B | $7.76B | $7.13B |
| Income taxes | $1.66B | $1.18B | $456.0M | $790.0M | $964.0M | $575.0M | $421.0M | $1.10B | $2.84B | $1.70B |
| Net income | $6.73B | $4.77B | $3.38B | $5.20B | $3.86B | −$3.52B | $5.54B | $5.27B | $4.55B | $5.05B |
| EBITDA | $14.95B | $12.53B | $3.56B | $11.53B | $11.00B | $3.21B | $8.57B | $5.58B | $10.92B | $10.26B |
| EPS (diluted) | $6.28 | $5.74 | $5.05 | $4.79 | $4.27 | $3.50 | $8.26 | $7.62 | $6.66 | $6.61 |
| Gross margin | 20.1% | 19.1% | 17.5% | 20.4% | 19.4% | 15.1% | 23.7% | 20.9% | 26.1% | 27.6% |
| Operating margin | 10.5% | 8.1% | 5.2% | 8.2% | 8.0% | −3.3% | 10.8% | 8.3% | 13.6% | 14.4% |
| Net margin | 7.6% | 5.9% | 4.9% | 7.7% | 6.0% | −6.2% | 12.2% | 15.2% | 7.6% | 8.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.71B | $22.08B | $24.24B | $22.48B | $21.58B | $20.31B | $21.62B | $20.09B | $19.72B | $19.30B | $19.93B | $13.46B |
| Cost of revenue | $19.57B | $17.48B | $19.52B | $17.90B | $17.20B | $16.19B | $17.39B | $16.05B | $16.14B | $15.74B | $15.92B | $12.75B |
| Gross profit | $5.13B | $4.59B | $4.72B | $4.58B | $4.38B | $4.12B | $4.24B | $4.03B | $3.58B | $3.56B | $4.01B | $714.0M |
| Research & development | $726.0M | $627.0M | $789.0M | $684.0M | $697.0M | $637.0M | $808.0M | $751.0M | $706.0M | $669.0M | $757.0M | $712.0M |
| Sales, general & admin | $1.66B | $1.48B | $1.64B | $1.44B | $1.57B | $1.45B | $1.57B | $2.08B | $1.45B | $1.01B | $335.0M | $1.40B |
| Total operating expenses | $2.32B | $2.04B | $2.12B | $2.06B | $2.23B | $2.08B | $2.12B | $2.01B | $3.05B | $1.69B | $2.23B | $2.11B |
| Operating income | $2.81B | $2.56B | $2.60B | $2.52B | $2.15B | $2.04B | $2.11B | $2.03B | $529.0M | $1.87B | $1.78B | −$1.40B |
| Interest income | $33.0M | $24.0M | $400.0M | $46.0M | $28.0M | $51.0M | $27.0M | $45.0M | $19.0M | $11.0M | $54.0M | $19.0M |
| Interest expense | $428.0M | $406.0M | $370.0M | $483.0M | $480.0M | $502.0M | $514.0M | $548.0M | $488.0M | $420.0M | $551.0M | $391.0M |
| Income before taxes | $2.74B | $2.52B | $2.30B | $2.44B | $2.04B | $1.96B | $2.01B | $1.91B | $428.0M | $1.85B | $1.74B | −$1.32B |
| Income taxes | $493.0M | $363.0M | $584.0M | $432.0M | $315.0M | $333.0M | $449.0M | $371.0M | $253.0M | $108.0M | $262.0M | −$389.0M |
| Net income | $2.14B | $2.06B | $1.62B | $1.92B | $1.66B | $1.53B | $1.48B | $1.47B | $111.0M | $1.71B | $1.43B | −$984.0M |
| EBITDA | $4.24B | $4.00B | $3.83B | $4.01B | $3.60B | $3.51B | $3.66B | $3.55B | $1.99B | $3.33B | $3.35B | $143.0M |
| EPS (diluted) | $1.89 | $1.78 | $1.55 | $1.70 | $1.56 | $1.47 | $1.54 | $1.45 | $1.41 | $1.34 | $1.29 | $1.25 |
| Gross margin | 20.8% | 20.8% | 19.5% | 20.4% | 20.3% | 20.3% | 19.6% | 20.1% | 18.2% | 18.4% | 20.1% | 5.3% |
| Operating margin | 11.4% | 11.6% | 10.7% | 11.2% | 9.9% | 10.0% | 9.8% | 10.1% | 2.7% | 9.7% | 8.9% | −10.4% |
| Net margin | 8.7% | 9.3% | 6.7% | 8.5% | 7.7% | 7.6% | 6.9% | 7.3% | 0.6% | 8.9% | 7.2% | −7.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RTX's financial statements (latest annual report filed February 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RTX financial results
In fiscal year 2025 (ended December 31, 2025), RTX reported revenue of $88.6 billion, up 9.7% from the year before. It had net income of $6.7 billion (up 41.0%), a net profit margin of 7.6%. Diluted earnings per share came to $6.28. Over five years revenue grew at an average rate of 9.4% a year.
See the RTX stock overview for the latest quote and news, or the RTX chart for price history and technical indicators.
RTX income statement FAQ
What is RTX's annual revenue?
RTX reported total revenue of $88.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.7% from $80.7 billion the previous year.
Is RTX profitable?
Yes. RTX reported net income of $6.7 billion in fiscal 2025, a net profit margin of 7.6%; its operating margin was 10.5%.
What is RTX's gross margin?
RTX's gross margin was 20.1% in fiscal 2025: for every $100 of revenue, RTX kept $20 after the direct cost of its products and services.
How much does RTX spend on research and development?
RTX spent $2.8 billion on research and development in fiscal 2025, 3.2% of revenue.
How fast is RTX growing?
Revenue grew 9.4% a year on average over the last five fiscal years, from $56.6 billion to $88.6 billion.
What are RTX's earnings per share?
RTX earned $6.28 per diluted share in fiscal 2025, compared with $5.74 a year earlier.
When will RTX report its next earnings?
RTX is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 before the market opens.
When does RTX's fiscal year end?
RTX's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 6, 2026.