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Raytheon Technologies RTX Services — Net Sales

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Other financials

Income statement

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Revenue$24.7B+14.5%
Operating income$2.8B+31.0%
Net income$2.1B+29.1%
EPS (diluted)$1.57+28.7%

Balance sheet

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Cash & equivalents$8.4B+73.9%
Total debt$38.9B-10.9%
Total equity$66.4B+6.4%
Total assets$173.97B+4.1%

Cash flow

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Operating cash flow$3.5B+674%
CapEx$669.0M+26.2%
Free cash flow$2.9B

Valuation

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Market cap$290.06B+37.7%
Enterprise value$320.53B+28.5%
P/E37.5×+3.2×
P/S3.1×+0.6×

Profitability

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Gross margin48.1%
Operating margin11.2%+1.3pp
Net margin8.3%+0.9pp
FCF margin12.2%+8.3pp

Returns & leverage

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Return on equity12%+1.9pp
Debt / equity0.6×-0.1×
Current ratio0.0×

Where this comes from

Reported directly by Raytheon Technologies in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Raytheon Technologies’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:49 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000101829-26-000027
(dollars in millions, except per share amounts)Quarter Ended June 30, 2026Quarter Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Net Sales:
Products sales$17,944$15,551$33,709$30,142
Services sales6,7646,03013,07511,745
Total net sales24,70821,58146,78441,887
Costs and Expenses:
Cost of sales - products14,80212,98927,80225,272
Cost of sales - services4,7734,2169,2558,123
Research and development7266971,3531,334

Item 1. Unaudited Financial Statements:

FAQ

What is Raytheon Technologies's services — net sales?
Raytheon Technologies (RTX) reported services — net sales of $6.76B in Q2 2026.
How has Raytheon Technologies's services — net sales changed year-over-year?
Raytheon Technologies's services — net sales increased by 12.2% year-over-year, from $6.03B to $6.76B.
What is the long-term trend for Raytheon Technologies's services — net sales?
Over 4 years (2021 to 2025), Raytheon Technologies's services — net sales has grown at a 12.7% compound annual growth rate (CAGR), from $15.12B to $24.43B.
What does services — net sales mean?
This metric represents the total revenue generated from aftermarket support, maintenance, repair, and overhaul (MRO) services provided to aerospace and defense customers. It reflects the company's ability to monetize its installed base of engines and components through long-term service agreements and transactional support. Growth in this area indicates strong recurring revenue streams and high utilization of the company's equipment in the field.

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