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RTX (RTX) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 20, 2026 · RTX (RTX) Q3 2026 earnings results →

Q3 2026 Revenue up 11% year over year to $25.0B · 10¢ of every $1 of revenue kept as net profit · operating margin 13.4%

RTX made $25.0B in Q3 2026 (+11% Y/Y): Pratt & Whitney $9.2B, Raytheon $8.0B, Collins Aerospace $7.7B. Operating margin 13.4%, net earnings $2.6B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 20, 2026.

Revenue$25.0B
Year over year+11%
Operating margin13.4%
Net earnings$2.6B
Operating cash flow$2.9B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

RTX Q3 2026 revenue breakdown: Sankey diagram of revenue (Pratt & Whitney, Raytheon, Collins Aerospace, Other), costs, profit and cash flow
RTX Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $25.0B in Q3 2026, up 11% year over year and up 1% from the previous quarter. Pratt & Whitney was the largest line at 37% of revenue. Raytheon added $1.0B year over year (up 14%), 40% of the total change.

Operating profit was $3.3B, a 13.4% margin (up 2.1 points year over year). Of the extra revenue versus Q3 2025, 33% reached operating profit, above the 11% margin then. Total costs grew 8% against revenue growth of 11%. The fastest-growing cost line was SG&A (+34%). Net earnings were $2.6B, up 35% year over year. The effective tax rate was 18.0%.

Operating cash flow was $2.9B (down 38% year over year), 106% of net income including minority interests. Non-cash charges added back $1.1B of depreciation and amortization and $0.16B of share-based compensation. Working capital and other items used $1.1B. Capital expenditures of $0.75B left free cash flow of $2.1B.

Quarterly history

RTX revenue by quarterRTX revenue by quarter$20.3BQ1 2025$21.6BQ2 2025$22.5BQ3 2025$24.2BQ4 2025$22.1BQ1 2026$24.7BQ2 2026$25.0BQ3 2026
RTX net earnings by quarterRTX net earnings by quarter$1.5BQ1 2025$1.7BQ2 2025$1.9BQ3 2025$1.6BQ4 2025$2.1BQ1 2026$2.1BQ2 2026$2.6BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 20, 2026$25.0B+11%13.4%$2.6B$2.9B
Q2 202610-QJul 23, 2026$24.7B+14%11.4%$2.1B$3.5B
Q1 202610-QApr 21, 2026$22.1B+9%11.6%$2.1B$1.9B
Q4 202510-KFeb 6, 2026$24.2B+12%10.7%$1.6B$4.2B
Q3 202510-QOct 21, 2025$22.5B+12%11.2%$1.9B$4.6B
Q2 202510-QJul 22, 2025$21.6B+9%9.9%$1.7B$458M
Q1 202510-QApr 22, 2025$20.3B+5%10.0%$1.5B$1.3B

Charts

RTX: revenue growth, year over year and quarter over quarterRTX: revenue growth, year over year and quarter over quarterY/YQ/Q+5%Q1 2025+9%+6%Q2 2025+12%+4%Q3 2025+12%+8%Q4 2025+9%-9%Q1 2026+14%+12%Q2 2026+11%+1%Q3 2026
Latest (Q3 2026): Y/Y +11%, Q/Q +1%.
RTX: where the cash came from (+) and went (−), TTM to Q3 2026RTX: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$12.4BDividends−$3.8BCash drawn (+) / kept (−)−$3.2BCapital spending−$2.9BNet borrowing (+) / repaid (−)−$1.7BOther financing−$777MOther investing−$767MAsset & business sales$743MExchange rates−$12.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
RTX: profit against cash, quarter by quarterRTX: profit against cash, quarter by quarterNet incomeOperating cash flow$1.6B$1.6BQ4 2024$1.6B$1.3BQ1 2025$1.7B$458MQ2 2025$2.0B$4.6BQ3 2025$1.7B$4.2BQ4 2025$2.2B$1.9BQ1 2026$2.2B$3.5BQ2 2026$2.7B$2.9BQ3 2026
Latest (Q3 2026): Net income $2.7B, Operating cash flow $2.9B.
RTX: diluted shares by fiscal yearRTX: diluted shares by fiscal year1.36BFY20201.51BFY20211.49BFY20221.44BFY20231.34BFY20241.36BFY2025
-0.1% since FY2020: buybacks shrank the count.
RTX: long-term debt falling due (FY2025)RTX: long-term debt falling due (FY2025)$3.4B2026$2.9B2027$3.5B2028$922M2029$1.6B2030$25.4BLater
Cash $7.4B, short-term investments $750M, long-term debt $37.7B at 2025-12-31.
RTX in its industry: growth against margin (6 companies, SIC 3724)RTX in its industry: growth against margin (6 companies, SIC 3724)revenue growth, year over year →↑ operating marginmedian +11%median 21%HONHONASAROHEISIFRTX (+11%, 13%)
Aircraft Engines & Engine Parts; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

Defense, drones & government tech money flowDefense, drones & government tech · Primes

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

Buys from

About RTX

RTX Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military, and government customers worldwide. The terms “we,” “us,” “our,” the “Company”, and “RTX” mean RTX Corporation and its subsidiaries, unless the context indicates another meaning. We serve commercial and government customers in both the original equipment and aftermarket parts and services segments of the aerospace industry. Our defense business serves both domestic and international customers as a prime contractor or subcontractor on a broad portfolio of defense and related programs for military and government customers. RTX Corporation was incorporated in Delaware in 1934.

In its own words, from its 10-K, filed Feb 6, 2026.

RTX against its Aircraft Engines & Engine Parts peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +11%. Operating margin: 13.4% against the peers' median 21.3%.

CompanyQuarterRevenueY/YOp. margin
RTX RTXQ3 2026$25.0B+11%13.4%
HON Honeywell InternationalQ3 2026$5.0B+1%21.3%
HONA Honeywell AerospaceQ3 2026$4.6B+2%25.0%
SARO StandardAeroQ3 2026$1.6B+4%10.3%
HEI HeicoQ3 FY26$1.4B+23%25.1%
SIF Sifco IndustriesQ3 FY26$26.1M+18%1.1%

Source: RTX 10-Q on SEC EDGAR · CIK 101829 · Aircraft Engines & Engine Parts

Guidance and outlook

RTX Revenue: guidance against what was reportedRTX Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$80.7B
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
RTX: what its forward-looking statements are about (10-Q filed 2026-10-20)RTX: what its forward-looking statements are about (10-Q filed 2026-10-20)Other5Demand4Costs2Legal & regulation2Capital spending1Margins1Financing1
16 statements; tone +0.00 (−1 all cautious, +1 all confident); 5 hedged.
RTX: outlook statements against the filing beforeRTX: outlook statements against the filing beforeNew3Dropped1Confident4Cautious4

13F: who owns RTX and who is buying

Largest holders of RTX (13F)Largest holders of RTX (13F)Vanguard Group$22.9BBlackRock$21.0BState Street$18.1BVanguard Capital Management LLC$16.7BCapital Research Global Investors$9.9BDodge & COX$6.7BGeode Capital Management, LLC$6.3BMorgan Stanley$5.9BVanguard Portfolio Management LLC$5.0BBank of America$4.6B
Funds' net buying of RTX by quarter (13F)Funds' net buying of RTX by quarter (13F)−$2.6B2024-09−$2.0B2024-12$351M2025-03$612M2025-06−$4.9B2025-09$10.4B2025-12−$12.8B2026-03$1.4B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on RTX

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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