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RTX (RTX) investor relations material

RTX Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary27 Jan, 2026

Executive summary

  • Achieved strong Q4 and full-year 2025 results with adjusted sales of $88.6B, up 11% organically, and adjusted EPS of $6.29, up 10% year-over-year.

  • Free cash flow for 2025 was $7.9B, a $3.4B increase year-over-year, with a record backlog of $268B, up 23% year-over-year.

  • Strategic execution and operational excellence drove double-digit organic sales and profit growth across all major segments.

  • Backlog at year-end was $268B, split between $161B commercial and $107B defense.

  • Positioned well for 2026 with robust demand and operational improvements.

Financial highlights

  • Q4 2025 adjusted sales were $24.2B, up 12% adjusted and 14% organically; adjusted segment operating profit was $2.9B, up 9% year-over-year.

  • Q4 adjusted EPS was $1.55, up 1% year-over-year; GAAP EPS for 2025 was $4.96, including $1.15 of acquisition accounting adjustments and $0.14 of restructuring.

  • Q4 free cash flow was $3.2B; full-year free cash flow was $7.9B, up 75% year-over-year.

  • Adjusted segment operating profit margin for 2025 was 11.9%, up from 11.4% in 2024.

  • Backlog grew 23% to $268B, with $138B in new awards and a full-year book-to-bill of 1.56.

Outlook and guidance

  • 2026 adjusted sales expected between $92B and $93B, with 5%-6% organic growth.

  • Adjusted EPS guidance for 2026 is $6.60–$6.80; free cash flow expected between $8.25B and $8.75B.

  • CapEx for 2026 projected at $3.1B, with continued investments in capacity and technology.

  • Adjusted effective tax rate for 2026 projected at 18.0%–18.5%.

  • Powder-metal compensation cash outflow expected to be $700M in 2026, down from $1B in 2025.

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Frequently asked questions

RTX Corporation is an aerospace and defense company providing advanced systems and services for commercial, military, and government customers. Its operations span aerospace engines, missile systems, space technology, and cybersecurity solutions. RTX Corporation’s products and services are utilized across aviation, defense, and intelligence sectors globally. The company is headquartered in Arlington, Virginia, and its shares are listed on the NYSE.

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