RTX

RTX Q3 2025 Earnings

Reported Oct 21, 2025 at 6:56 AM ET · SEC Source

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
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RTX YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

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RTX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“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