Q3 25 EPS
$1.70
BEAT +20.64%
Est. $1.41
Q3 25 Revenue
$22.48B
BEAT +5.42%
Est. $21.32B
vs S&P Since Q3 25
-6.7%
TRAILING MARKET
RTX +0.7% vs S&P +7.4%
Market Reaction
Did RTX Beat Earnings? Q3 2025 Results
RTX posted a standout third quarter, reporting adjusted EPS of $1.70 against a Wall Street consensus of $1.41, a 20.64% beat, while revenue climbed 11.9% year-over-year to $22.48 billion, ahead of the $21.32 billion estimate by 5.42%. The engine driv… Read more RTX posted a standout third quarter, reporting adjusted EPS of $1.70 against a Wall Street consensus of $1.41, a 20.64% beat, while revenue climbed 11.9% year-over-year to $22.48 billion, ahead of the $21.32 billion estimate by 5.42%. The engine driving those results was broad-based organic momentum, with all three segments, Pratt & Whitney, Collins Aerospace, and Raytheon, delivering double-digit organic growth that collectively pushed total segment adjusted margins to 12.1% from 11.4% a year ago, marking the sixth straight quarter of year-over-year margin expansion. Pratt & Whitney was the standout, with a 23% surge in commercial aftermarket revenue anchoring 16% segment sales growth. Free cash flow of $4.03 billion roughly doubled the prior-year quarter's figure, underscoring the quality of earnings beyond the headline numbers. Backlog swelled to $251 billion on $37 billion of new awards in the quarter alone. Management raised full-year adjusted EPS guidance to $6.10–$6.20 and lifted the adjusted sales outlook to $86.50–$87.00 billion, signaling confidence that the demand cycle across both commercial aerospace and defense has further room to run.
Key Takeaways
- • Double-digit organic sales growth across all three segments
- • Sixth consecutive quarter of year-over-year adjusted segment margin expansion
- • 23% increase in Pratt & Whitney commercial aftermarket sales
- • 16% increase in Collins Aerospace commercial OE driven by narrowbody platforms
- • 13% increase in Collins Aerospace commercial aftermarket driven by parts, repairs, and retrofit activity
- • F135 program including Lot 18 contract award driving Pratt & Whitney military growth
- • International Patriot and SM-6 programs driving Raytheon growth
- • Favorable program mix and improved net productivity at Raytheon
- • $37 billion of new awards in the quarter
RTX YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
RTX Revenue by Segment
With YoY comparisons, source: SEC Filings
“Strong execution in the third quarter enabled us to deliver double-digit organic sales growth across all three segments and our sixth consecutive quarter of year-over-year adjusted segment margin expansion.”
— Chris Calio, Q3 2025 Earnings Press Release
RTX Earnings Trends
RTX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RTX EPS Trend
Earnings per share: estimate vs actual
RTX Revenue Trend
Quarterly revenue: estimate vs actual
RTX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.78 | — | $22.08B | +2.86% |
| Q4 25 BEAT FY | $1.47 | $1.55 | +5.44% | $24.24B | — |
| FY Full Year | $6.19 | $6.29 | +1.63% | $88.60B | +1.85% |
| Q3 25 BEAT | $1.41 | $1.70 | +20.64% | $22.48B | +5.42% |
| Q2 25 BEAT | $1.43 | $1.56 | +9.14% | $21.58B | +4.60% |
| Q1 25 BEAT | $1.37 | $1.47 | +7.52% | $20.31B | +2.57% |