Filing Flows › RTX (RTX) › Q1 2025
RTX (RTX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
RTX (RTX) reported revenue of $20.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -6% from the quarter before. Operating margin was 10.0%, net earnings $1.5B (7.6% of revenue).
RTX, Q1 2025: revenue $20.3B (+5% year over year), operating margin 10.0%, net earnings $1.5B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.3B | -6% | +5% |
| Operating profit | $2.0B | -4% | +9% |
| Net earnings | $1.5B | +4% | -10% |
| Operating cash flow | $1.3B | -16% | +282% |
| Free cash flow | $792M | +61% | — |
What changed
Revenue was $20.3B in Q1 2025, up 5% year over year and down 6% from the previous quarter. Pratt & Whitney was the largest line at 36% of revenue. Pratt & Whitney added $0.91B year over year (up 14%), 91% of the total change. Raytheon declined 5%.
Operating profit was $2.0B, a 10.0% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 10% margin then. Total costs grew 5% against revenue growth of 5%. Net earnings were $1.5B, down 10% year over year. The effective tax rate was 17.0%.
Operating cash flow was $1.3B (up 282% year over year), 80% of net income including minority interests. Non-cash charges added back $1.1B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.51B left free cash flow of $0.79B.
Questions
What was RTX's revenue in the first quarter 2025?
RTX (RTX) reported revenue of $20.3B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -6% from the quarter before.
Was RTX profitable in the first quarter 2025?
Operating profit was $2.0B (10.0% of revenue) and net earnings $1.5B.
Source: RTX 10-Q on SEC EDGAR.