How Does RTX Corporation Make its Money?
RTX Corporation (formerly Raytheon Technologies) is one of the world’s largest aerospace and defense companies, formed in 2020 from the merger of Raytheon Company and United Technologies’ aerospace businesses. The company operates through three segments: Collins Aerospace (avionics and aircraft systems), Pratt & Whitney (jet engines), and Raytheon (missiles, defense electronics, and cybersecurity). RTX serves both commercial aerospace and government defense customers worldwide.
RTX Corporation (RTX) Business Model
RTX Corporation operates in the aerospace & defense sector. Below is a summary of RTX Corporation’s revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from RTX Corporation’s 2024 fiscal year filings with the SEC.
RTX Corporation Competitors
RTX Corporation’s key competitors and comparable public companies in the aerospace & defense sector include Lockheed Martin, Boeing, Northrop Grumman, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how RTX Corporation stacks up by comparing their revenue breakdown, margins, and growth metrics.
RTX Corporation Competitors
RTX Corporation’s key competitors and comparable public companies in the aerospace & defense sector include Lockheed Martin, Boeing, Northrop Grumman, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how RTX Corporation stacks up by comparing their revenue breakdown, margins, and growth metrics.
RTX Corporation Competitors
RTX Corporation’s key competitors and comparable public companies in the aerospace & defense sector include Lockheed Martin, Boeing, Northrop Grumman, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how RTX Corporation stacks up by comparing their revenue breakdown, margins, and growth metrics.
RTX Corporation Competitors
RTX Corporation’s key competitors and comparable public companies in the aerospace & defense sector include Lockheed Martin, Boeing, Northrop Grumman, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how RTX Corporation stacks up by comparing their revenue breakdown, margins, and growth metrics.
RTX Corporation Competitors
RTX Corporation’s key competitors and comparable public companies in the aerospace & defense sector include Lockheed Martin, Boeing, Northrop Grumman, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how RTX Corporation stacks up by comparing their revenue breakdown, margins, and growth metrics.
RTX Corporation Competitors
RTX Corporation’s key competitors and comparable public companies in the aerospace & defense sector include Lockheed Martin, Boeing, Northrop Grumman, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how RTX Corporation stacks up by comparing their revenue breakdown, margins, and growth metrics.
RTX Corporation Competitors
RTX Corporation’s key competitors and comparable public companies in the aerospace & defense sector include Lockheed Martin, Boeing, Northrop Grumman, and GE Aerospace. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how RTX Corporation stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | 2024 | 2023 | YoY Growth |
|---|---|---|---|
| Collins Aerospace | $27,400 | $23,800 | +15.1% |
| Pratt & Whitney | $28,100 | $23,200 | +21.1% |
| Raytheon | $25,200 | $21,900 | +15.1% |
| Total Revenue | $80,700 | $68,900 | +17.1% |
Collins Aerospace — 34% of Revenue
Pratt & Whitney — 35% of Revenue
Raytheon — 31% of Revenue
Income Statement Overview
| Metric | 2024 | 2023 |
|---|---|---|
| Total Revenue | $80,700 | $68,900 |
| Cost of Revenue | $65,500 | $56,400 |
| Gross Profit | $15,200 | $12,500 |
| Operating Expenses | $8,200 | $10,300 |
| Operating Income | $7,000 | $2,200 |
| Net Income | $4,000 | $-700 |
All values in millions USD unless otherwise stated.
Key Financial Metrics
- Gross Margin: 18.8%
- Operating Margin: 8.7%
- Revenue Growth: 17.1%
Is RTX Corporation Profitable?
Yes, RTX Corporation is profitable. The company reported net income of $4,000 on total revenue of $80,700. With an operating margin of 8.7%, RTX Corporation demonstrates solid profitability for the aerospace & defense sector. The gross margin of 18.8% reflects RTX Corporation’s pricing power and cost structure.
What to Watch
- Resolution of Pratt & Whitney GTF engine inspection and recall issues
- Rising global defense budgets driving Raytheon backlog growth
- Commercial aerospace recovery boosting Collins Aerospace aftermarket revenue
- Free cash flow recovery after heavy investment in engine programs
RTX Corporation (RTX) Financial Summary
RTX Corporation (RTX) is an aerospace & defense company that generated $80,700 in total revenue in fiscal year 2024. Revenue grew 17.1% year-over-year. The company earned $4,000 in net income, making it profitable. For a deeper look at RTX Corporation’s revenue breakdown, business segments, and financial performance, review the detailed analysis above.