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Raytheon Technologies
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Arincen77/100B

Raytheon Technologies income statement 1985–2026

95.99B USD over the last twelve months, and 88.60B USD in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
95.99B88.60B80.74B68.92B67.07B64.39B56.59B45.35B34.70B59.84B57.24B
Revenue growth
+11.63%+9.74%+17.15%+2.75%+4.17%+13.79%+24.78%+30.69%-42.01%+4.53%+2.04%
Cost of revenue
75.74B70.81B65.33B56.83B53.41B51.90B48.06B34.60B27.47B44.20B41.47B
Gross profit
20.25B17.79B15.41B12.09B13.67B12.49B8.53B10.75B7.24B15.64B15.77B
Gross margin
21.10%20.08%19.09%17.54%20.38%19.40%15.08%23.71%20.85%26.13%27.55%
Research and development
2.85B2.81B2.93B2.81B2.71B2.73B2.58B2.45B1.88B2.43B2.38B
Selling, general and administrative
6.69B6.10B5.81B5.81B5.57B5.05B5.54B3.71B2.86B6.43B5.96B
Operating expenses
8.95B8.49B8.87B8.53B8.16B7.36B10.42B5.84B4.36B7.50B7.55B
11.30B9.30B6.54B3.56B5.50B5.14B-1.89B4.91B2.88B8.14B8.22B
Operating income growth
+28.18%+42.25%+83.60%-35.30%+7.17%—-138.44%+70.80%-64.65%-1.01%+12.76%
Operating margin
11.77%10.50%8.10%5.17%8.21%7.98%-3.34%10.84%8.29%13.60%14.36%
Interest income
—98.00M102.00M100.00M70.00M36.00M42.00M120.00M150.00M108.00M122.00M
Interest expense
1.59B1.84B1.97B1.65B1.30B1.33B1.41B1.71B1.18B1.02B1.16B
Other non-operating income
-439.00M-567.00M-344.00M275.00M613.00M-27.00M-464.00M-762.00M-373.00M-375.00M-1.09B
Pretax income
10.86B8.73B6.19B3.84B6.12B5.11B-2.35B4.15B2.50B7.76B7.13B
Income tax
2.03B1.66B1.18B456.00M790.00M964.00M575.00M421.00M1.10B2.84B1.70B
Effective tax rate
18.72%19.05%19.07%11.89%12.91%18.87%—10.14%43.85%36.62%23.79%
8.53B6.73B4.77B3.20B5.20B3.86B-3.52B5.54B5.27B4.55B5.06B
Net income growth
+29.37%+41.01%+49.42%-38.52%+34.50%—-163.55%+5.09%+15.75%-9.95%-33.56%
Net margin
8.88%7.60%5.91%4.64%7.75%6.00%-6.22%12.21%15.18%7.61%8.83%
Basic shares
1.35B1.34B1.33B1.43B1.48B1.50B1.36B855.00M800.00M790.00M818.00M
Diluted shares
1.36B1.36B1.34B1.44B1.49B1.51B1.36B864.00M810.00M799.00M826.00M
Change in diluted shares
+0.85%+0.95%-6.40%-3.40%-1.50%+11.10%+57.15%+6.67%+1.38%-3.27%-6.46%
EPS (basic)
6.235.023.582.243.522.57-2.596.486.585.766.18
EPS (diluted)
6.164.963.552.233.502.56-2.596.416.505.706.12
EPS growth
+26.49%+39.72%+59.19%-36.29%+36.72%—-140.41%-1.38%+14.04%-6.86%-29.00%
Dividends per share
2.822.672.482.322.162.011.891.851.781.711.65
Dividend growth
+7.63%+7.66%+6.90%+7.41%+7.73%+6.22%+2.02%+3.70%+4.23%+3.82%+2.34%
EBITDA
16.81B14.95B12.53B9.70B11.53B11.00B3.21B8.57B5.58B10.92B10.26B
EBITDA margin
17.51%16.87%15.52%14.07%17.18%17.08%5.67%18.90%16.09%18.25%17.92%
EBIT
12.43B10.57B8.16B5.49B7.42B6.44B-945.00M5.86B3.69B8.78B8.29B

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about Raytheon Technologies's income statement

Source: Financial Modeling PrepVerified against SEC filings