---
title: "RTX Corporation: Business Model"
description: "RTX Corporation revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/rtx-corporation/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# RTX Corporation: Business Model & Revenue Engine

## Direct Answer

RTX Corporation reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Pratt and Whitney is the largest, with $32.9 billion of revenue (37% of the total), followed by Collins Aerospace at $30.2 billion (34%). 53% of revenue came from the United States.

## How Does RTX Corporation Make Money?

No single line supplies a majority of revenue: the largest, Pratt and Whitney, is 37%, which spreads RTX Corporation's exposure across several demand drivers. Between fiscal 2024 and 2025, Pratt and Whitney grew fastest (+17.3%) and Raytheon slowest (+5.0%), so the revenue mix tilts toward Pratt and Whitney while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Pratt and Whitney | $32.9 billion | $28.1 billion | 37.1% | 17.3% |
| Collins Aerospace | $30.2 billion | $25.9 billion | 34.1% | 16.5% |
| Raytheon | $28.0 billion | $26.7 billion | 31.7% | 5.0% |

![Bar chart of RTX Corporation revenue by segment for fiscal 2025: Pratt and Whitney 37.1%, Collins Aerospace 34.1%, Raytheon 31.7%.](https://www.getswoopr.com/images/charts/rtx-corporation-business-model-segment-mix.webp)
*RTX Corporation revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Which RTX Corporation Segments Earn the Most?

| Segment | FY2025 segment operating income | Segment margin |
| --- | --- | --- |
| Pratt and Whitney | $2.6 billion | 7.9% |
| Collins Aerospace | $4.9 billion | 16.3% |
| Raytheon | $3.2 billion | 11.5% |

Segment operating income is the profit measure RTX Corporation reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within RTX Corporation more safely than against another company.

## What Does RTX Corporation Sell?

RTX Corporation also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Product | $64.2 billion | $59.6 billion | 72.4% | 7.6% |
| Service | $24.4 billion | $21.1 billion | 27.6% | 15.6% |

## Where Does RTX Corporation's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $47.3 billion | $46.1 billion | 53.4% | 2.6% |
| Europe | $18.8 billion | $16.0 billion | 21.2% | 17.7% |
| Asia Pacific | $13.8 billion | $10.9 billion | 15.6% | 26.5% |
| Other Geographic Regions | $5.1 billion | $4.3 billion | 5.8% | 18.2% |
| Middle East and North Africa | $3.6 billion | $3.5 billion | 4.1% | 4.7% |

## What the Segment Figures Do Not Show

The rows above add up to 103% of RTX Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value RTX Corporation reported in the segment note and revenue disclosures of its Form 10-K filed February 6, 2026 (accession 0000101829-26-000006), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are RTX Corporation's business segments?

In its fiscal 2025 Form 10-K, RTX Corporation reports revenue for Pratt and Whitney, Collins Aerospace and Raytheon.

### Which part of RTX Corporation brings in the most revenue?

Pratt and Whitney, with $32.9 billion of revenue in fiscal 2025, or 37% of the total.

### How much of RTX Corporation's revenue comes from outside the United States?

47% in fiscal 2025, by the geographic breakdown RTX Corporation reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: RTX Corp Form 10-K filed February 6, 2026](https://www.sec.gov/Archives/edgar/data/101829/000010182926000006/rtx-20251231.htm)
- [SEC EDGAR: RTX Corp annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=101829&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [RTX Corporation company dossier](https://www.getswoopr.com/stocks/companies/rtx-corporation/)
- [RTX Corporation financial metrics](https://www.getswoopr.com/stocks/companies/rtx-corporation/metrics/)
- [RTX Corporation financial risk indicators](https://www.getswoopr.com/stocks/companies/rtx-corporation/risks/)
- [RTX Corporation peer comparison](https://www.getswoopr.com/stocks/companies/rtx-corporation/competitors/)
- [RTX Corporation business model and revenue mix](https://www.getswoopr.com/stocks/companies/rtx-corporation/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).