RTX (RTX) FY2024 results: revenue $80.7 billion, up 17.1% on the year
RTX Corp. (RTX) reported revenue of $80.7 billion for fiscal 2024, the year ended 31 December 2024, up 17.1% on the year before. Net income was $4.8 billion, up 49.4%, and diluted earnings per share $3.55. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2025.
Revenue
$80.7 billion
+17.1% on the year
FY2017FY2024
Operating margin
8.1%
5.2% a year earlier
FY2017FY2024
Net income
$4.8 billion
+49.4% on the year
FY2017FY2024
Diluted EPS
$3.55
+59.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
7,159
7,883
7,168
-9.2%
Capital expenditure
2,625
2,415
2,288
+8.7%
Free cash flow
4,534
5,468
4,880
-17.1%
Free cash flow margin
5.6%
7.9%
7.3%
Cash from investing
-1,534
-3,039
-2,829
Cash from financing
-6,617
-4,527
-5,859
Depreciation and amortisation
4,364
4,211
4,108
+3.6%
Share-based compensation
437
425
420
+2.8%
Buybacks
444
12,870
2,803
-96.6%
Dividends paid
3,217
3,239
3,128
-0.7%
Dividend per share
$2.48
$2.32
$2.16
+6.9%
Diluted shares, weighted
1,344m
1,435m
1,486m
-6.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
60,156
59,798
72,632
+0.6%
Non-controlling interest
1,767
1,612
1,546
+9.6%
Redeemable equity
35.0
35.0
36.0
0.0%
Short-term borrowings
183
189
n/a
-3.2%
Debt
41,078
43,638
31,914
-5.9%
Operating lease liabilities
1,632
1,412
1,586
+15.6%
Other liabilities
58,010
55,185
51,150
+5.1%
Total liabilities and equity
162,861
161,869
158,864
+0.6%
Fixed assets
16,089
15,748
15,170
+2.2%
Goodwill
52,789
53,699
53,840
-1.7%
Intangible assets
33,443
35,399
36,823
-5.5%
Investments
786
745
774
+5.5%
Cash and equivalents
5,578
6,587
6,220
-15.3%
Receivables
10,976
10,838
9,108
+1.3%
Inventory
12,768
11,777
10,617
+8.4%
Other assets
30,432
27,076
26,312
+12.4%
Total assets
162,861
161,869
158,864
+0.6%
10-K for the year ended 31 December 2024, filed 3 February 2025: the filing.