Analysis of Revenues
Paying user area
Try for free
RTX Corp. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to RTX Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Revenues as Reported
RTX Corp., income statement, revenues
US$ in millions
| 12 months ended: | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Collins Aerospace | |||||||||||
| Pratt & Whitney | |||||||||||
| Raytheon | |||||||||||
| Other | |||||||||||
| Net sales |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The financial performance reveals significant shifts in revenue contributions across different segments between 2021 and 2025. Overall net sales demonstrate a consistent upward trajectory, though the rate of growth varies considerably. A detailed examination of individual segments highlights key drivers of this overall trend.
- Collins Aerospace
- Collins Aerospace experienced steady revenue growth from 2021 to 2025, increasing from US$16,990 million to US$27,585 million. The growth rate accelerated between 2022 and 2023, and continued at a more moderate pace through 2025. This segment consistently represents a substantial portion of overall net sales.
- Pratt & Whitney
- Pratt & Whitney’s revenue exhibited a more volatile pattern. Initial growth occurred between 2021 and 2022, rising from US$18,150 million to US$20,527 million. However, revenue decreased in 2023 to US$18,296 million before experiencing substantial growth in 2024 and 2025, reaching US$32,916 million. This represents the largest revenue increase of any segment over the period, particularly in the latter years.
- Raytheon
- Raytheon’s revenue demonstrated a generally declining trend from 2021 to 2023, decreasing from US$29,233 million to US$26,220 million. Revenue stabilized in 2024 at US$26,570 million and showed a modest increase in 2025 to US$27,892 million. While still a significant contributor to net sales, its relative importance diminished compared to the other segments.
- Other
- The “Other” segment began with minimal revenue in 2021 and 2022 (US$15 million and US$10 million respectively). Revenue from this segment increased significantly in subsequent years, reaching US$210 million by 2025. While still a small portion of overall revenue, the rapid growth suggests increasing contributions from diversified activities.
- Net Sales Growth
- Net sales increased from US$64,388 million in 2021 to US$88,603 million in 2025, representing a cumulative growth of approximately 37.7%. The most substantial growth occurred between 2023 and 2025, indicating an acceleration in overall revenue generation. The growth in 2024 and 2025 was largely driven by the strong performance of Collins Aerospace and, particularly, Pratt & Whitney.
In summary, the revenue profile indicates a shifting composition, with increasing reliance on Collins Aerospace and a significant resurgence in Pratt & Whitney’s performance. Raytheon’s revenue remained relatively stable after an initial decline, while the “Other” segment demonstrated notable, albeit smaller, growth.