Income StatementBalance SheetCash FlowSegments
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Raytheon Technologies Business Segments

Business, geographic, and product segment breakdowns

Raytheon Technologies generates $90.4B in annual revenue across 4 key segments: Collins Aerospace ($30.6B), Other ($2.8B), Pratt & Whitney ($33.7B), and Raytheon ($28.6B). The company-wide operating margin is 10.87%. Based on the Q1 2026 filing.

Collins Aerospace (TTM)$30.6BOther (TTM)$2.8BPratt & Whitney (TTM)$33.7BRaytheon (TTM)$28.6B
Latest FilingQ1 2026
Report Date2026-04-21
Market Cap$238.38B
P/E Ratio32.85
ROE11.36%

Products & Services

2026

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$846.0M———$752.0M—

2027

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$770.0M———$628.0M—

2028

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$704.0M———$660.0M—

2029

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$690.0M———$645.0M—

2030

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$532.0M———$511.0M—

Collaboration partner share

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$5.8B———$5.3B—

Collaboration partner share, after five years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$2.4B———$2.3B—

Collaboration partner share, current

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$971.0M———$1.0B—

Collaboration partner share, five years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$291.0M———$215.0M—

Collaboration partner share, four years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$377.0M———$273.0M—

Collaboration partner share, three years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$680.0M———$655.0M—

Collaboration partner share, two years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$1.0B———$854.0M—

Commercial aerospace commitments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace————$7.8B—

Commercial aerospace financing commitment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$4.7B———$3.9B—

Other commitment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$9.5B———$9.2B—

Thereafter

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$5.9B———$6.0B—

Total commercial aerospace commitments, after five years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$3.7B———$3.7B—

Total commercial aerospace commitments, current

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$1.5B———$1.4B—

Total commercial aerospace commitments, five years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$402.0M———$296.0M—

Total commercial aerospace commitments, four years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$494.0M———$372.0M—

Total commercial aerospace commitments, three years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$885.0M———$835.0M—

Total commercial aerospace commitments, two years

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aerospace$1.4B———$1.1B—

Remaining performance obligation, percent

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Long-Term Commercial Aerospace Maintenance—45.0%45.0%45.0%50.0%45.0%

Cost of Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services$3.8B$3.9B$4.2B$4.3B$4.6B$4.5B

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services$5.6B$5.7B$6.0B$6.2B$6.5B$6.3B

Geographic

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific$834.0M———$899.0M—
Europe$1.2B———$1.1B—
Middle East and North Africa$98.0M———$101.0M—
Other regions$927.0M———$942.0M—
United States$13.0B———$13.8B—

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe$4.4B$4.4B$4.2B$5.2B$5.0B$4.9B
Asia Pacific$3.0B$2.6B$3.4B$3.6B$4.2B$2.8B
Other regions$1.4B$1.2B$1.3B$1.2B$1.4B$1.5B
Middle East and North Africa$1.2B$848.0M$904.0M$732.0M$1.1B$930.0M

Total Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$11.7B$11.3B$11.7B$11.7B$12.6B$11.9B

Business Segments

Acquisitions and Divestitures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace—$0.0-$256.0M——$0.0
Pratt & Whitney$0.0$0.0$0.0$0.0$0.0$0.0
Raytheon$0.0$0.0$0.0$0.0$0.0$0.0

Capital Expenditures

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pratt & Whitney$404.0M$153.0M$180.0M$236.0M$426.0M$174.0M
Raytheon$293.0M$225.0M$134.0M$128.0M$157.0M$171.0M
Collins Aerospace$196.5M$112.0M———$155.0M

Depreciation & Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace$210.3M$217.0M———$231.0M
Pratt & Whitney$203.0M$194.0M$194.0M$189.0M$209.0M$200.0M
Raytheon$140.0M$131.0M$135.0M$138.0M$138.0M$127.0M

Foreign Currency Translation and Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace—$256.0M$537.0M$0.0$31.0M-$68.0M
Raytheon—$0.0$1.0M——$1.0M
Pratt & Whitney$0.0$0.0$0.0$0.0$0.0$0.0

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace$32.2B$32.5B$32.8B$32.7B$32.8B$32.7B
Raytheon$19.0B$19.0B$19.0B$19.0B$19.0B$19.0B
Pratt and Whitney$1.6B$1.6B$1.6B$1.6B$1.6B$1.6B

Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pratt & Whitney$7.6B$7.4B$7.6B$8.4B$9.5B$8.2B
Collins Aerospace$7.5B$7.2B$7.6B$7.6B$7.7B$7.6B
Raytheon$7.2B$6.3B$7.0B$7.0B$7.7B$6.9B
Other$682.0M$671.0M$727.0M$662.0M$702.0M$699.0M

Operating profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace$1.1B$1.1B$1.2B$1.3B$1.4B$1.3B
Raytheon$824.0M$678.0M$805.0M$859.0M$885.0M$841.0M
Pratt & Whitney$504.0M$580.0M$492.0M$751.0M$773.0M$710.0M

Operating Profit (Loss) Margins

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace—15.1%15.4%16.5%0.6%17.2%
Raytheon0.6%10.7%11.5%12.2%—12.1%
Pratt & Whitney—7.9%6.4%8.9%0.1%8.7%

R&D

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace$372.0M$313.0M$329.0M$307.0M$353.0M$295.0M
Pratt & Whitney$286.0M$229.0M$249.0M$267.0M$288.0M$220.0M
Raytheon$158.0M$98.0M$121.0M$115.0M$149.0M$114.0M

Segment Reporting, Other Segment Item, Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pratt & Whitney$6.8B$6.6B$6.9B$7.4B$8.4B$7.2B
Collins Aerospace$6.1B$5.8B$6.1B$6.1B$6.0B$6.0B
Raytheon$6.2B$5.6B$6.1B$6.1B$6.6B$6.0B

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collins Aerospace$72.4B———$71.7B$71.5B
Pratt & Whitney$44.3B$46.2B$47.7B$50.1B$52.5B$51.6B
Raytheon$44.9B$44.7B$44.9B$45.0B$44.8B$45.1B

Other accrued liabilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Pratt & Whitney$1.7B$1.4B$1.1B$900.0M$700.0M$500.0M