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Raytheon Technologies RTX Q2 2024 earnings

Reported July 25, 2024 · Before market open

Revenue$19.7BBeat by $430.2M
EPS$1.41Beat by $0.11
Revenue estimate$19.3B
EPS estimate$1.30

Next report

Oct 20, 2026 (In 2 weeks)
Revenue estimate$24.0B
EPS estimate$1.77

Financials

Q2 2024

Income statement

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Revenue$19.7B+7.7%
Operating income$529.0M-64.6%
Net income$111.0M-91.6%
EPS (diluted)$0.08-91.1%

Balance sheet

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Cash & equivalents$6.1B+12.4%
Total debt$43.6B+18.0%
Total equity$59.0B-18.6%
Total assets$161.17B-0.6%

Cash flow

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Operating cash flow$2.7B+280%
CapEx$537.0M+2.1%
Free cash flow$2.2B+1,038%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$133.46B-5.9%
Enterprise value$170.97B-1.4%
P/E59×+33.5×
P/S1.8×-0.2×

Profitability

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Operating margin3.8%-4.9pp
Net margin3.1%-4.8pp
FCF margin12.1%+8.0pp

Returns & leverage

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Return on equity3.4%-4.3pp
Debt / equity0.7×+0.2×
Current ratio1×-0.1×

Segments

By geography

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Europe$3.6B+6.3%
Asia Pacific$2.7B+17.6%
Other regions$1.1B+9.4%
Middle East and North Africa$791.0M-2.3%

By segment

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Collins Aerospace$7.0B+9.6%
Pratt & Whitney$6.8B+19.3%
Raytheon$6.5B—

By product

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Services$5.2B+5.2%

FAQ

When did Raytheon Technologies report Q2 2024 earnings?
Raytheon Technologies (RTX) reported Q2 2024 earnings on July 25, 2024 before market open.
What were Raytheon Technologies's Q2 2024 revenue and EPS?
Raytheon Technologies reported revenue of $19.7B and eps of $1.41 for Q2 2024.
Did Raytheon Technologies beat estimates in Q2 2024?
Revenue beat the consensus estimate of $19.3B by $430.2M. EPS beat the consensus estimate of $1.30 by $0.11.
Where can I find Raytheon Technologies's Q2 2024 SEC filings?
You can read the 8-K earnings release (0000101829-24-000026) and the 10-Q periodic report (0000101829-24-000027) directly on SEC EDGAR. The filing index links above go to sec.gov.