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Dec 31, 2024

Raytheon Q4 2024 Earnings Report

RTX exceeded sales and EPS expectations and anticipates continued growth in 2025.

Key Takeaways

RTX reported strong Q4 2024 results, with sales up 9% to $21.6 billion and adjusted EPS up 19% to $1.54. The company's backlog remains strong at $218 billion, and RTX anticipates continued sales, earnings, and cash flow growth in 2025.

Sales of $21.6 billion, up 9% versus prior year, and up 11% organically excluding divestitures.

GAAP EPS was $1.10 and adjusted EPS of $1.54, up 19% versus prior year.

Operating cash flow of $1.6 billion and free cash flow of $0.5 billion.

Company backlog of $218 billion, including $125 billion of commercial and $93 billion of defense.

Total Revenue
$21.6B
Previous year: $19.8B
+9.1%
EPS
$1.54
Previous year: $1.29
+19.4%
Gross Profit
$4.24B
Previous year: $4.01B
+5.6%
Cash and Equivalents
$5.58B
Previous year: $6.59B
-15.3%
Free Cash Flow
$492M
Previous year: $3.9B
-87.4%
Total Assets
$163B
Previous year: $162B
+0.6%

Raytheon

Raytheon

Raytheon Revenue by Segment

Forward Guidance

RTX anticipates adjusted sales between $83.0 - $84.0 billion, adjusted EPS between $6.00 - $6.15, and free cash flow between $7.0 - $7.5 billion for full year 2025.

Revenue & Expenses

Visualization of income flow from segment revenue to net income