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RTX (RTX) Q3 2025 earnings results (third quarter 2025)

10-Q filed Oct 21, 2025

RTX (RTX) reported revenue of $22.5B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +4% from the quarter before. Operating margin was 11.2%, net earnings $1.9B (8.5% of revenue).

Revenue$22.5B
Year over year+12%
Quarter over quarter+4%
Operating margin11.2%
Net earnings$1.9B

RTX, Q3 2025: revenue $22.5B (+12% year over year), operating margin 11.2%, net earnings $1.9B, operating cash flow $4.6B. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$22.5B+4%+12%
Operating profit$2.5B+18%+24%
Net earnings$1.9B+16%+30%
Operating cash flow$4.6B+913%+84%
Free cash flow$4.0B—+104%

What changed

Revenue was $22.5B in Q3 2025, up 12% year over year and up 4% from the previous quarter. Pratt & Whitney was the largest line at 37% of revenue. Pratt & Whitney added $1.2B year over year (up 16%), 50% of the total change.

Operating profit was $2.5B, a 11.2% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 10% margin then. Total costs grew 10% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $1.9B, up 30% year over year. The effective tax rate was 17.7%.

Operating cash flow was $4.6B (up 84% year over year), 231% 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 added $1.4B. Capital expenditures of $0.61B left free cash flow of $4.0B.

Questions

What was RTX's revenue in the third quarter 2025?

RTX (RTX) reported revenue of $22.5B for the third quarter 2025 (Q3 2025), +12% from a year earlier and +4% from the quarter before.

Was RTX profitable in the third quarter 2025?

Operating profit was $2.5B (11.2% of revenue) and net earnings $1.9B.

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Source: RTX 10-Q on SEC EDGAR.