What is Raytheon Technologies's R&D?

Raytheon Technologies (RTX) reported R&D of $627M in Q1 2026.

How has Raytheon Technologies's R&D changed year-over-year?

Raytheon Technologies's R&D decreased by 1.6% year-over-year, from $637M to $627M.

What is the long-term trend for Raytheon Technologies's R&D?

Over 4 years (2021 to 2025), Raytheon Technologies's R&D has grown at a 0.7% compound annual growth rate (CAGR), from $2.73B to $2.81B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Raytheon Technologies RTX R&D

R&D at other companies

Howmet AerospaceHWM

$9M+12.5%

AstronicsATRO

$12.09M+9.2%

BoeingBA

$903M+7.0%

General ElectricGE

$440M+22.6%

Honeywell InternationalHON

$492M+18.3%

Innovative Solutions & SupportISSC

$1.79M+106%

Segments

By segment

See full

Collins Aerospace$295M-5.8%

Pratt & Whitney$220M-3.9%

Raytheon$114M+16.3%

Other financials

Income statement

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Revenue$22.1B+8.7%

Operating income$2.6B+25.6%

Net income$2.1B+34.1%

EPS (diluted)$1.51+32.5%

Balance sheet

See full

Cash & equivalents$6.9B+32.3%

Total debt$38.9B-9.3%

Total equity$66.3B+7.7%

Total assets$170.43B+3.4%

Cash flow

See full

Operating cash flow$1.9B+42.1%

CapEx$546.0M+6.4%

Free cash flow$1.3B+65.3%

Valuation

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Market cap$251.28B+28.3%

Enterprise value$283.34B+21.3%

P/E34.6×-8.0×

P/S2.8×+0.4×

Profitability

See full

Gross margin48.1%—

Operating margin10.9%+2.7pp

Net margin8%+2.4pp

FCF margin9.4%+2.8pp

Returns & leverage

See full

Return on equity11.4%+3.8pp

Debt / equity0.6×-0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by Raytheon Technologies in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Raytheon Technologies’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Raytheon Technologies's R&D?: Raytheon Technologies (RTX) reported R&D of $627M in Q1 2026.
How has Raytheon Technologies's R&D changed year-over-year?: Raytheon Technologies's R&D decreased by 1.6% year-over-year, from $637M to $627M.
What is the long-term trend for Raytheon Technologies's R&D?: Over 4 years (2021 to 2025), Raytheon Technologies's R&D has grown at a 0.7% compound annual growth rate (CAGR), from $2.73B to $2.81B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.