Q4 25 EPS
$1.55
BEAT +5.44%
Est. $1.47
Q4 25 Revenue
$24.24B
vs S&P Since Q4 25
-15.2%
TRAILING MARKET
RTX -11.5% vs S&P +3.6%
Full Year 2025 Results
FY 25 EPS
$6.29
BEAT +1.63%
Est. $6.19
FY 25 Revenue
$88.60B
BEAT +1.85%
Est. $87.00B
Market Reaction
Did RTX Beat Earnings? Q4 2025 Results
RTX closed out 2025 with a notably strong fourth quarter, posting adjusted EPS of $1.55 against a Wall Street consensus of $1.47, a 5.44% beat, while revenue of $24.24 billion topped estimates by 7.10% and rose 12.1% year-over-year. The standout driv… Read more RTX closed out 2025 with a notably strong fourth quarter, posting adjusted EPS of $1.55 against a Wall Street consensus of $1.47, a 5.44% beat, while revenue of $24.24 billion topped estimates by 7.10% and rose 12.1% year-over-year. The standout driver behind the outperformance was Pratt & Whitney, which surged 25% in Q4 sales on the back of a 30% jump in military revenues tied to higher F135 production and sustainment activity, alongside a 21% gain in commercial aftermarket. Collins Aerospace and Raytheon also contributed, with Raytheon's land and air defense programs, including Patriot and Tomahawk, helping sustain momentum across the defense portfolio. RTX's record backlog of $268.00 billion, evenly split between $161.00 billion in commercial and $107.00 billion in defense orders, underscores the demand runway ahead. Looking to 2026, management guided for adjusted sales of $92.00 to $93.00 billion, adjusted EPS of $6.60 to $6.80, and free cash flow of $8.25 to $8.75 billion, even as tariff headwinds were flagged as a partial offset at both Collins and Pratt & Whitney.
Key Takeaways
- • Pratt & Whitney Q4 sales up 25% driven by 28% commercial OE growth, 21% commercial aftermarket growth, and 30% military growth
- • Higher F135 production volume and sustainment volume across multiple military platforms
- • Collins Aerospace commercial aftermarket up 13% and commercial OE up 9% excluding divestitures
- • Raytheon growth driven by higher volume on Patriot, GEM-T, Evolved SeaSparrow Missile, and Tomahawk
- • Improved net productivity and favorable program mix at Raytheon driving 22% adjusted operating profit growth
- • Full year free cash flow up $3.4 billion versus prior year
RTX YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
RTX Revenue by Segment
With YoY comparisons, source: SEC Filings
“RTX delivered strong sales, adjusted EPS and free cash flow in 2025, enabled by our continued focus on operational performance and execution.”
— Chris Calio, Q4 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% |