RTX has reported its fourth-quarter and full-year financial results for 2025, highlighting solid revenue growth, improved cash generation and a record order backlog.
In the fourth quarter of 2025, the company posted sales of US$24.2 billion, representing a 12% increase compared with the same period last year, supported by strong underlying performance. Earnings per share under GAAP were US$1.19, reflecting the impact of acquisition accounting adjustments, restructuring costs and other significant non-recurring items. On an adjusted basis, earnings per share reached US$1.55, slightly ahead of the prior year.
Cash performance remained robust, with operating cash flow totalling US$4.2 billion during the quarter. Free cash flow came in at US$3.2 billion, demonstrating continued strength in the company’s ability to generate funds to support investment and shareholder returns.
RTX also reported a total company backlog of US$268 billion, underlining sustained demand across its portfolio. This included US$161 billion in commercial orders and US$107 billion in defence-related business. During the quarter, the company completed the divestiture of Collins’ Simmonds Precision Products business, marking further progress in its strategic portfolio reshaping.
For the full year 2025, RTX delivered sales of US$88.6 billion, up 10% year-on-year, reflecting broad-based growth across its operations. GAAP earnings per share were US$4.96, again influenced by acquisition-related adjustments, restructuring charges and other one-off items. Adjusted earnings per share rose to US$6.29, representing a 10% increase over the previous year.
Operating cash flow for the year reached US$10.6 billion, while free cash flow totalled US$7.9 billion, an improvement of US$3.4 billion compared with 2024. Overall, the results demonstrate RTX’s continued momentum, strong order book and growing cash generation as it moves into the next phase of its long-term strategy.
