RTX
RTX Corporation179.93
-2.18-1.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guide with ramp details
Q&A largely reaffirmed RTX's scripted 2026 guide but layered in useful color: Pratt's OE stays low-single digits to prioritize GTF MRO after AOGs fell 20% from 2025 peaks, with aftermarket high-single digits via steady V2500 visits offsetting legacy headwinds. Raytheon eyes mid-high single-digit land/air defense growth, 85% sales in backlog, margins nearing 12% with northbound potential from international mix. Analysts grilled defense capex urgency amid admin pressure; management pledged dividends alongside DoD-collaborative ramps, eschewing vertical integration for supply base bolstering. Collins delivered 17.1% organic margins ex-tariffs. No walk-backs. Confident tone; watch execution on capacity infusions.
Key Stats
Market Cap
241.25BP/E (TTM)
36.87Basic EPS (TTM)
4.88Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
RTX Corporation drove FY2025 net sales to $88.6B, up 10% organically from $80.7B in 2024, with Q4 momentum from surging commercial aftermarket demand at Collins and Pratt & Whitney amid rising air traffic, while Raytheon added $1.7B organic growth on Patriot and missile programs. Operating profit hit $9.3B (10.5% margin), up from 8.1%, fueled by volume leverage and favorable mix, though offset by $2.0B acquisition amortization; Pratt & Whitney turned $2.6B profit despite Powder Metal remediation. Backlog swelled to $268B. Operating cash flow strengthened to $10.6B. Q4 accelerated key trends. Yet U.S. government spending shifts loom large.
8-K
RTX crushes 2025, eyes 2026 growth
8-K
RTX de-risks $2.5B pensions
RTX initiated a buy-out conversion of a $2.5 billion group annuity contract on November 7, 2025, transferring pension obligations for 60,000 retirees—one-third of the Plan—to Prudential by December 30. No additional funding needed; funded status unchanged. Expect $300 million Q4 pretax settlement charge. Risks hinge on closing conditions.
8-K
RTX boosts Q3 sales, raises outlook
RTX Corporation reported third quarter 2025 sales of $22.5 billion, up 12% year-over-year and 13% organically, fueled by double-digit growth across Collins Aerospace, Pratt & Whitney, and Raytheon segments. Adjusted EPS climbed 17% to $1.70, with free cash flow surging to $4.0 billion; the company completed its Collins actuation and flight control divestiture while returning $0.9 billion to shareholders and reducing debt by $2.9 billion. It raised full-year guidance to adjusted sales of $86.5-$87.0 billion and EPS of $6.10-$6.20, confirming free cash flow at $7.0-$7.5 billion. Backlog hit $251 billion amid $37 billion in new awards. Strong demand drives output ramps, yet tariffs and mix shifts pressure margins.
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