Short answer
RTX Corporation (RTX) filed its fiscal 2025 10-K annual report with the SEC on Feb 6, 2026. It reported revenue of $88.6B (+9.7% year over year) and net income of $6.7B.
- Top risk flagged: Regulatory risk from potential U.S. government Cost Accounting Standards (CAS) adjustments impacting pension and postretirement benefits in Raytheon segment
FY2025 key financial metrics · XBRL
- Revenue
- $88.6B
- +9.7% YoY
- Net income
- $6.7B
- +41.0% YoY
- Operating margin
- 10.5%
- +2.4 pp YoY
- EPS (diluted)
- $4.96
- +39.7% YoY
- ROE
- 10.3%
- +2.4 pp YoY
- Operating cash flow
- $10.6B
- +47.6% YoY
Source: XBRL data from the RTX Corporation (RTX) FY2025 10-K on SEC EDGAR. USD.
RTX Corporation FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Design, manufacture, and service aerospace and defense products across Collins Aerospace, Pratt & Whitney, and Raytheon segments
- Pratt & Whitney net sales surged 17% YoY to $32.9B, recovering from 2023 Powder Metal Matter impact
- Operating profit more than doubled in Pratt & Whitney to $2.6B from loss of $1.5B in 2023, strategic recovery evident
- Total consolidated net sales $88.6B, up 10% YoY; operating profit $9.3B, up 42% YoY driven by segment performance
- 2024 included $0.9B legal charge; 2025 corporate expenses normalized down to $248M from $933M in 2024
Management Discussion & Analysis
- Revenue details and YoY changes not explicitly provided in text
- No explicit profitability or margin % figures disclosed for segments
- Collins Aerospace secured $4B in long-term contracts; Pratt & Whitney signed $2.8B undefinitized contract for F135 engines
- Forward-looking: Pratt & Whitney advancing NGAP engine program; collaboration on PHARES hybrid-electric project targeting 20% fuel efficiency improvement
Risk Factors
- Regulatory risk from potential U.S. government Cost Accounting Standards (CAS) adjustments impacting pension and postretirement benefits in Raytheon segment
- Geopolitical exposure from divestitures of CIS business and related cybersecurity assets completed in 2024-2025
- Operational risk from sale of major Collins segment businesses: actuation/flight control, Simmonds Precision, and Goodrich Hoist & Winch between 2024-2025
- Competitive threat from aerospace supplier Pratt & Whitney driving $4.8B organic sales growth in 2025 vs other segments
- Financial risk from $268B backlog as of Dec 31, 2025, with exposure to foreign exchange and contract cancellations impacting revenue recognition
Generated from the filing text; verify against the original. How to read a 10-K
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