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Operating Margin by Segment
Reveals profitability across different business units, highlighting which segments drive earnings and where there might be room for improvement or strategic focus.Collins and Raytheon are the clear margin drivers—Collins’ margin has steadily climbed into the high‑teens while Raytheon shows sustained expansion after a 2023 segment reclassification that appears to fold former Intelligence & Space and Missiles results into Raytheon. Pratt & Whitney recovered from a severe one‑off swing in 2023 and now posts steady mid‑single‑digit improvement, aided by MRO and GTF progress. Management’s raised guide and record backlog validate this momentum, but tariffs, OE engine transition losses and supplier/capacity risks could cap further margin gains.
Date | Collins Aerospace | Pratt and Whitney | Intelligence and Space | Missiles and Defense | Raytheon |
|---|---|---|---|---|---|
Jun 30, 2026 | 16.00 | 8.30 | 0.00 | 0.00 | 12.60 |
Mar 31, 2026 | 17.20 | 8.70 | 0.00 | 0.00 | 12.10 |
Dec 31, 2025 | 18.10 | 8.10 | 0.00 | 0.00 | 11.60 |
Sep 30, 2025 | 16.50 | 8.90 | 0.00 | 0.00 | 12.20 |
Jun 30, 2025 | 15.40 | 6.40 | 0.00 | 0.00 | 11.50 |
Mar 31, 2025 | 15.10 | 7.90 | 0.00 | 0.00 | 10.70 |
Dec 31, 2024 | 14.70 | 6.70 | 0.00 | 0.00 | 11.50 |
Sep 30, 2024 | 15.00 | 7.70 | 0.00 | 0.00 | 10.10 |
Jun 30, 2024 | 16.00 | 8.00 | 0.00 | 0.00 | 2.00 |
Mar 31, 2024 | 12.70 | 6.40 | 0.00 | 0.00 | 15.00 |