Analysis of Revenues
Revenues as Reported
RTX Corp., income statement, revenues
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31).
- Collins Aerospace
- The revenue for Collins Aerospace experienced fluctuations over the five-year period. It decreased from 17,910 million US dollars in 2020 to 16,990 million in 2021, followed by a notable increase to 18,956 million in 2022. The upward trend continued sharply, reaching 24,294 million in 2023 and further rising to 25,929 million in 2024. Overall, the segment showed a strong recovery and growth after the initial decline.
- Pratt & Whitney
- The revenue for Pratt & Whitney displayed a general upward trend with some variability. From 16,790 million in 2020, it increased steadily to 18,150 million in 2021 and peaked at 20,527 million in 2022. However, there was a decline to 18,296 million in 2023 before a significant surge to 28,064 million in 2024. This final jump marks the highest revenue recorded in the period for this segment, indicating considerable growth potential or market capture during that year.
- Raytheon
- Raytheon's revenue showed strong growth from 21,360 million in 2020 to a peak of 29,233 million in 2021. However, the revenue declined in subsequent years to 27,581 million in 2022, 26,220 million in 2023, and 26,570 million in 2024. Despite the decrease after 2021, revenues remained higher than the initial 2020 value, suggesting some stabilization at a relatively elevated level.
- Other
- The 'Other' segment had relatively minor revenue contributions compared to the major segments. It declined sharply from 527 million in 2020 to 15 million in 2021, further decreasing to 10 million in 2022. It then saw a modest recovery to 110 million in 2023 and 175 million in 2024, representing a gradual but limited resurgence.
- Net sales
- The overall net sales exhibited a continuous upward trajectory over the five years. Starting at 56,587 million US dollars in 2020, net sales increased to 64,388 million in 2021 and further to 67,074 million in 2022, 68,920 million in 2023, and ultimately 80,738 million in 2024. This consistent growth reflects the combined positive performance of the individual segments, with particularly strong contributions from Collins Aerospace and Pratt & Whitney in the later years.