RTX Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), RTX Corp reported revenue of $88.6B (+9.7% year on year) and net income of $7.1B.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Sales | $88.6B | $80.7B | $68.9B | $67.1B |
| Cost of Sales | $70.8B | $65.3B | $56.8B | $53.4B |
| Research and development | $2.8B | $2.9B | $2.8B | $2.7B |
| Selling, general, and administrative | $6.1B | $5.8B | $5.8B | $5.7B |
| Total costs and expenses | $79.7B | $74.1B | $65.4B | $61.8B |
| Other income (expense), net | $413.0M | ($132.0M) | — | — |
| Operating profit (loss) | $9.3B | $6.5B | $3.6B | $5.4B |
| Non-service pension income | ($1.2B) | ($1.5B) | ($1.8B) | ($1.9B) |
| Interest expense, net | $1.7B | $1.9B | $1.5B | $1.3B |
| Total non-operating expense (income), net | $567.0M | $344.0M | ($275.0M) | ($613.0M) |
| Income before income taxes | $8.7B | $6.2B | $3.8B | $6.0B |
| Income tax expense | $1.7B | $1.2B | $456.0M | $700.0M |
| Net income | $7.1B | — | — | — |
| Less: Noncontrolling interest in subsidiaries’ earnings | $337.0M | — | — | — |
| Net income attributable to common shareowners | $6.7B | $4.8B | $3.2B | $5.2B |
| Basic (in dollars per share) | $5.02 | $3.58 | $2.24 | $3.52 |
| Diluted (in dollars per share) | $4.96 | $3.55 | $2.23 | $3.50 |
| Basic shares (in shares) | 1.3B | 1.3B | 1.4B | 1.5B |
| Diluted shares (in shares) | 1.4B | 1.3B | 1.4B | 1.5B |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Total net sales | $25.0B | $24.7B | $22.1B | $22.5B |
| Cost of sales | $19.2B | $19.6B | $17.5B | $17.9B |
| Research and development | $711.0M | $726.0M | $627.0M | $684.0M |
| Selling, general, and administrative | $1.9B | $1.7B | $1.5B | $1.4B |
| Total costs and expenses | $21.8B | $22.0B | $19.6B | $20.0B |
| Other income, net | $161.0M | $62.0M | $64.0M | $63.0M |
| Operating profit | $3.3B | $2.8B | $2.6B | $2.5B |
| Non-service pension income | ($345.0M) | ($348.0M) | ($355.0M) | ($364.0M) |
| Interest expense, net | $381.0M | $417.0M | $390.0M | $449.0M |
| Total non-operating expense, net | $36.0M | $69.0M | $35.0M | $85.0M |
| Income before income taxes | $3.3B | $2.7B | $2.5B | $2.4B |
| Income tax expense | $593.0M | $493.0M | $363.0M | $432.0M |
| Net income | $2.7B | $2.2B | $2.2B | $2.0B |
| Less: Noncontrolling interest in subsidiaries’ earnings | $125.0M | $110.0M | $98.0M | $88.0M |
| Net income attributable to common shareowners | $2.6B | $2.1B | $2.1B | $1.9B |
| Basic (in dollars per share) | $1.91 | $1.58 | $1.53 | $1.43 |
| Diluted (in dollars per share) | $1.89 | $1.57 | $1.51 | $1.41 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $7.4B | $5.6B | $6.6B | $6.2B |
| Accounts receivable, net | $14.7B | $11.0B | $10.8B | $9.1B |
| Contract assets, net | $17.1B | $14.6B | $12.1B | $11.5B |
| Inventory, net | $13.4B | $12.8B | $11.8B | $10.6B |
| Other assets, current | $7.7B | $7.2B | $7.1B | $5.0B |
| Total current assets | $60.3B | $51.1B | $48.4B | $42.4B |
| Customer financing assets | $2.1B | $2.2B | $2.4B | $2.6B |
| Fixed assets, net | $16.9B | $16.1B | $15.7B | $15.2B |
| Operating lease right-of-use assets | $1.9B | $1.9B | $1.6B | $1.8B |
| Goodwill | $53.3B | $52.8B | $53.7B | $53.8B |
| Intangible assets, net | $31.8B | $33.4B | $35.4B | $36.8B |
| Other assets | $4.7B | $5.3B | $4.6B | $6.2B |
| Total assets | $171.1B | $162.9B | $161.9B | $158.9B |
| Short-term borrowings | $204.0M | $183.0M | $189.0M | $625.0M |
| Accounts payable | $15.9B | $12.9B | $10.7B | $9.9B |
| Accrued employee compensation | $3.3B | $2.6B | $2.5B | $2.4B |
| Other accrued liabilities | $14.3B | $14.8B | $14.9B | $11.0B |
| Contract liabilities | $21.6B | $18.6B | $17.2B | $14.6B |
| Long-term debt currently due | $3.4B | $2.4B | $1.3B | $595.0M |
| Total current liabilities | $58.8B | $51.5B | $46.8B | $39.1B |
| Long-term debt | $34.3B | $38.7B | $42.4B | $30.7B |
| Operating lease liabilities, non-current | $1.6B | $1.6B | $1.4B | $1.6B |
| Future pension and postretirement benefit obligations | $2.1B | $2.1B | $2.4B | $4.8B |
| Other long-term liabilities | $7.2B | $6.9B | $7.5B | $8.4B |
| Total liabilities | $103.9B | $100.9B | $100.4B | $84.7B |
| Redeemable noncontrolling interest | $36.0M | $35.0M | $35.0M | $36.0M |
| Preferred stock, $1 par value; 250,000 shares authorized; None issued or outstanding | 0 | 0 | 0 | 0 |
| Common stock, $1 par value; 4,000,000 shares authorized; 1,725,312 and 1,718,756 shares issued | 38.1B | 37.4B | 37.1B | 37.9B |
| Treasury stock, 383,025 and 386,633 common shares at average cost | -26.9B | -27.1B | -27.0B | -15.5B |
| Retained earnings | $56.7B | $53.6B | $52.2B | $52.3B |
| Accumulated other comprehensive loss | ($2.7B) | ($3.8B) | ($2.4B) | ($2.0B) |
| Total shareowners’ equity | $65.2B | $60.2B | $59.8B | $72.6B |
| Noncontrolling interest | $1.9B | $1.8B | $1.6B | $1.5B |
| Total equity | $67.1B | $61.9B | $61.4B | $74.2B |
| Total liabilities, redeemable noncontrolling interest, and equity | $171.1B | $162.9B | $161.9B | $158.9B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $9.2B | $8.3B | $6.8B | $6.0B |
| Accounts receivable, net | $14.7B | $13.9B | $12.9B | $12.8B |
| Contract assets, net | $18.7B | $19.0B | $18.1B | $16.6B |
| Inventory, net | $15.0B | $14.4B | $14.2B | $13.8B |
| Other assets, current | $8.6B | $8.3B | $8.0B | $7.9B |
| Total current assets | $66.1B | $63.9B | $60.0B | $57.1B |
| Customer financing assets | $1.9B | $1.9B | $2.0B | $2.1B |
| Fixed assets | $36.7B | $36.1B | $35.7B | $34.4B |
| Accumulated depreciation | ($19.5B) | ($19.1B) | ($18.8B) | ($18.0B) |
| Fixed assets, net | $17.2B | $17.0B | $16.8B | $16.3B |
| Operating lease right-of-use assets | $1.8B | $1.7B | $1.8B | $1.9B |
| Goodwill | $53.0B | $52.9B | $53.3B | $53.3B |
| Intangible assets, net | $30.7B | $31.0B | $31.5B | $32.3B |
| Other assets | $6.0B | $5.5B | $5.0B | $5.7B |
| Total assets | $176.6B | $174.0B | $170.4B | $168.7B |
| Short-term borrowings | $210.0M | $229.0M | $226.0M | $215.0M |
| Accounts payable | $17.8B | $17.0B | $16.0B | $14.6B |
| Accrued employee compensation | $3.2B | $2.4B | $2.0B | $2.9B |
| Other accrued liabilities | $14.8B | $15.7B | $14.2B | $14.8B |
| Contract liabilities | $21.6B | $22.7B | $21.9B | $20.1B |
| Long-term debt currently due | $5.7B | $5.3B | $4.2B | $584.0M |
| Total current liabilities | $63.2B | $63.2B | $58.6B | $53.2B |
| Long-term debt | $31.5B | $31.9B | $33.0B | $38.3B |
| Operating lease liabilities, non-current | $1.5B | $1.5B | $1.5B | $1.6B |
| Future pension and postretirement benefit obligations | $1.9B | $2.0B | $2.0B | $2.0B |
| Other long-term liabilities | $7.5B | $7.3B | $7.3B | $7.2B |
| Total liabilities | $105.6B | $105.8B | $102.4B | $102.3B |
| Redeemable noncontrolling interest | $28.0M | $28.0M | $37.0M | $34.0M |
| Common stock | $38.7B | $38.4B | $38.2B | $37.9B |
| Treasury stock | ($26.7B) | ($26.8B) | ($26.8B) | ($26.9B) |
| Retained earnings | $60.6B | $58.0B | $57.9B | $56.0B |
| Accumulated other comprehensive loss | ($3.3B) | ($3.3B) | ($2.9B) | ($2.4B) |
| Total shareowners’ equity | $69.3B | $66.4B | $66.3B | $64.5B |
| Noncontrolling interest | $1.7B | $1.7B | $1.7B | $1.8B |
| Total equity | $71.0B | $68.1B | $68.0B | $66.4B |
| Total liabilities, redeemable noncontrolling interest, and equity | $176.6B | $174.0B | $170.4B | $168.7B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income attributable to common shareholders | $7.1B | — | — | — |
| Depreciation and amortization | $4.4B | $4.4B | $4.2B | $4.1B |
| Deferred income tax provision (benefit) | $789.0M | ($47.0M) | ($402.0M) | ($1.7B) |
| Stock compensation cost | $519.0M | $437.0M | $425.0M | $420.0M |
| Net periodic pension and other postretirement income | ($1.0B) | ($1.3B) | ($1.6B) | ($1.4B) |
| Share-based 401(k) matching contributions | $573.0M | — | — | — |
| Gain on sale of Cybersecurity, Intelligence and Services (CIS) business, net of transaction costs (Note 2) | $0 | ($415.0M) | — | — |
| Accounts receivable | ($3.2B) | ($175.0M) | ($1.8B) | $437.0M |
| Contract assets | ($2.6B) | ($2.4B) | ($753.0M) | ($234.0M) |
| Inventory | ($532.0M) | ($1.5B) | ($1.1B) | ($1.6B) |
| Other current assets | ($1.1B) | ($402.0M) | ($1.2B) | ($1.0B) |
| Accounts payable and accrued liabilities | $3.4B | $1.5B | $4.0B | $2.1B |
| Contract liabilities | $2.8B | $1.9B | $2.3B | $846.0M |
| Other operating activities, net | ($476.0M) | $218.0M | $309.0M | ($39.0M) |
| Net cash flows provided by operating activities | $10.6B | $7.2B | — | — |
| Capital expenditures | ($2.6B) | ($2.6B) | ($2.4B) | ($2.3B) |
| Payments on customer financing assets | ($233.0M) | ($218.0M) | ($117.0M) | ($150.0M) |
| Receipts from customer financing assets | $161.0M | $202.0M | $212.0M | $179.0M |
| Dispositions of businesses, net of cash transferred | $1.9B | $1.8B | $6.0M | $94.0M |
| Increase in other intangible assets | ($492.0M) | ($611.0M) | ($751.0M) | ($487.0M) |
| Receipts (payments) from settlements of derivative contracts, net | $118.0M | ($142.0M) | $14.0M | ($205.0M) |
| Other investing activities, net | ($123.0M) | $65.0M | $12.0M | $94.0M |
| Net cash flows used in investing activities | ($1.3B) | ($1.5B) | — | — |
| Proceeds from long-term debt | $0 | $0 | $12.9B | $1.0M |
| Repayment of long-term debt | ($3.4B) | ($2.5B) | ($578.0M) | ($3.0M) |
| Proceeds from bridge loan | $0 | $0 | $10.0B | — |
| Repayment of bridge loan | $0 | $0 | ($10.0B) | — |
| Change in commercial paper, net (Note 9) | $0 | $0 | ($524.0M) | $518.0M |
| Dividends paid | ($3.6B) | ($3.2B) | ($3.2B) | ($3.1B) |
| Repurchase of common stock | ($50.0M) | ($444.0M) | ($12.9B) | ($2.8B) |
| Other financing activities, net | ($433.0M) | ($452.0M) | ($317.0M) | ($415.0M) |
| Net cash flows used in financing activities | ($7.5B) | ($6.6B) | — | — |
| Effect of foreign exchange rate changes on cash and cash equivalents | $48.0M | — | $18.0M | ($42.0M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $1.9B | ($1.0B) | $335.0M | ($1.6B) |
| Cash, cash equivalents and restricted cash, beginning of year | $5.6B | $6.6B | $6.3B | $7.9B |
| Cash, cash equivalents and restricted cash, end of year | $7.5B | $5.6B | $6.6B | $6.3B |
| Less: Restricted cash, included in Other assets, current and Other assets | $35.0M | $28.0M | $39.0M | $71.0M |
| Cash and cash equivalents, end of year | $7.4B | $5.6B | $6.6B | $6.2B |
| Interest paid, net of amounts capitalized | $1.9B | $1.9B | $1.5B | $1.3B |
| Income taxes paid, net of refunds | $1.6B | $1.2B | $1.5B | $2.4B |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $7.1B | $4.4B | $2.2B | $5.4B |
| Depreciation and amortization | $3.2B | $2.1B | $1.1B | $3.2B |
| Deferred income tax provision | $60.0M | ($30.0M) | $26.0M | $598.0M |
| Stock compensation cost | $455.0M | $296.0M | $132.0M | $337.0M |
| Net periodic pension and other postretirement income | ($920.0M) | ($616.0M) | ($313.0M) | — |
| Share-based 401(k) matching contributions | $474.0M | $339.0M | $192.0M | $435.0M |
| Accounts receivable | $377.0M | $1.1B | $1.8B | ($1.5B) |
| Contract assets | ($2.2B) | ($1.9B) | ($979.0M) | ($2.1B) |
| Inventory | ($1.7B) | ($1.1B) | ($813.0M) | ($1.0B) |
| Other current assets | ($974.0M) | ($422.0M) | ($469.0M) | ($979.0M) |
| Accounts payable and accrued liabilities | $2.8B | $947.0M | ($1.2B) | $2.1B |
| Contract liabilities | ($688.0M) | $292.0M | $94.0M | $1.3B |
| Other operating activities, net | $271.0M | $31.0M | $89.0M | ($406.0M) |
| Net cash flows provided by operating activities | $8.3B | $5.4B | $1.9B | $6.4B |
| Capital expenditures | ($2.0B) | ($1.2B) | ($546.0M) | ($1.7B) |
| Dispositions of businesses, net of cash transferred | $0 | — | — | $1.2B |
| Increase in other intangible assets | ($229.0M) | ($156.0M) | ($98.0M) | ($347.0M) |
| Receipts from settlements of derivative contracts, net | $8.0M | $1.0M | $72.0M | $187.0M |
| Other investing activities, net | ($224.0M) | ($182.0M) | ($36.0M) | ($87.0M) |
| Net cash flows used in investing activities | ($2.4B) | ($1.6B) | ($608.0M) | ($716.0M) |
| Repayment of long-term debt | ($526.0M) | ($524.0M) | ($500.0M) | ($2.3B) |
| Dividends paid | ($2.9B) | ($1.9B) | ($915.0M) | ($2.7B) |
| Repurchase of common stock | $0 | $0 | $0 | ($50.0M) |
| Other financing activities, net | ($677.0M) | ($487.0M) | ($425.0M) | ($339.0M) |
| Net cash flows used in financing activities | ($4.1B) | ($2.9B) | ($1.8B) | ($5.3B) |
| Effect of foreign exchange rate changes on cash and cash equivalents | ($16.0M) | ($19.0M) | ($6.0M) | $44.0M |
| Net increase in cash, cash equivalents, and restricted cash | $1.8B | $922.0M | ($599.0M) | $398.0M |
| Cash, cash equivalents, and restricted cash, beginning of period | $7.5B | $7.5B | $7.5B | $5.6B |
| Cash, cash equivalents, and restricted cash, end of period | $9.2B | $8.4B | $6.9B | $6.0B |
| Less: Restricted cash, included in Other assets, current and Other assets | $57.0M | $87.0M | $53.0M | $38.0M |
| Cash and cash equivalents, end of period | $9.2B | $8.3B | $6.8B | $6.0B |
RTX Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.