Companies /Industrials

RTX Corp

NYSE: RTX Aerospace & Defense
$200.79
▼ $1.34 (−0.66%) today
Markets closed · 5:28am ET

Q3 2025 Earnings

Reported Oct 21, 2025, 6:56am ET · SEC source
$1.70
Beat +20.64%
EPS · est. $1.41
$22.5B
Beat +5.42%
Revenue · est. $21.3B
+2.6%
Beating market
RTX vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%+6%Oct 21Oct 22report 6:56am ETearnings−0.7%+4.3%
−3%0+3%+6%Oct 21Oct 22earnings−0.7%+4.3%
RTX +4.3%S&P 500 −0.7%
−3%0+3%+6%Oct 21Oct 22report 6:56am ETearnings−1.2%+4.3%
−3%0+3%+6%Oct 21Oct 22earnings−1.2%+4.3%
RTX +4.3%NASDAQ −1.2%
−4%0+4%+8%Oct 20Oct 29report 6:56am ETearnings+2.6%+5.3%
−4%0+4%+8%Oct 20Oct 29earnings+2.6%+5.3%
RTX +5.3%S&P 500 +2.6%
−4%0+4%+8%Oct 20Oct 29report 6:56am ETearnings+4.0%+5.3%
−4%0+4%+8%Oct 20Oct 29earnings+4.0%+5.3%
RTX +5.3%NASDAQ +4.0%
+7.67%
Day of report
+2.85%
Next session
+3.25%
One week
−0.18%
30 days

S&P 500 over the same 30 days: −2.79%.

Did RTX Beat Earnings? Q3 2025 Results

RTX posted a standout third quarter, reporting adjusted EPS of $1.70 against a Wall Street consensus of $1.41 — a 20.64% beat — while revenue climbed 11.9% year-over-year to $22.48 billion, ahead of the $21.32 billion estimate by 5.42%. The engine driving those results was broad-based organic momentum, with all three segments — Pratt & Whitney, Collins Aerospace, and Raytheon — delivering double-digit organic growth that collectively pushed total segment adjusted margins to 12.1% from 11.4% a year ago, marking the sixth straight quarter of year-over-year margin expansion. Pratt & Whitney was the standout, with a 23% surge in commercial aftermarket revenue anchoring 16% segment sales growth. Free cash flow of $4.03 billion roughly doubled the prior-year quarter's figure, underscoring the quality of earnings beyond the headline numbers. Backlog swelled to $251 billion on $37 billion of new awards in the quarter alone. Management raised full-year adjusted EPS guidance to $6.10–$6.20 and lifted the adjusted sales outlook to $86.50–$87.00 billion, signaling confidence that the demand cycle across both commercial aerospace and defense has further room to run.

Key Takeaways
  • Double-digit organic sales growth across all three segments
  • Sixth consecutive quarter of year-over-year adjusted segment margin expansion
  • 23% increase in Pratt & Whitney commercial aftermarket sales
  • 16% increase in Collins Aerospace commercial OE driven by narrowbody platforms
  • 13% increase in Collins Aerospace commercial aftermarket driven by parts, repairs, and retrofit activity
  • F135 program including Lot 18 contract award driving Pratt & Whitney military growth
  • International Patriot and SM-6 programs driving Raytheon growth
  • Favorable program mix and improved net productivity at Raytheon
  • $37 billion of new awards in the quarter

“Strong execution in the third quarter enabled us to deliver double-digit organic sales growth across all three segments and our sixth consecutive quarter of year-over-year adjusted segment margin expansion.”

RTX CEO, on the earnings call

Forward Guidance & Outlook

RTX raised its full year 2025 outlook: adjusted sales of $86.5–$87.0 billion (up from $84.75–$85.5 billion), organic sales growth of 8–9% (up from 6–7%), adjusted EPS of $6.10–$6.20 (up from $5.80–$5.95), and confirmed free cash flow of $7.0–$7.5 billion.

RTX YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$7.0B$14.0B$21.0B$20.1B$22.5BRevenue$4.0B$4.6BGross Profit$1.9B$2.5BOperating Income$1.5B$1.9BNet Income
$0$7.0B$14.0B$21.0BRevenueGross ProfitOperating IncomeNet Income

RTX Revenue by Segment

Pratt & Whitney$8.4B+16.0%
Raytheon$7.0B+10.0%
Collins Aerospace$7.6B+8.0%

Figures from SEC filings and company reports. Not investment advice.