RTX grew third-quarter revenue by 11.1% and net profit by 34.7%

RTX Corporation, a US aerospace and defence group, reported revenue of USD 25.0bn for Q3 2026, up 11.1% from the same quarter of 2025. Profit grew faster than sales. Operating profit rose 32.3% to USD 3.3bn, and net profit rose 34.7% to USD 2.6bn. The operating margin widened to 13.4% from 11.2%, a gain of 2.1 pp. Cash on the balance sheet reached USD 9.2bn, against USD 6.0bn a year earlier. All figures are consolidated, in US dollars, under US GAAP.

When revenue grows and the margin widens at the same time, a large part of the cost base is usually fixed. Engineering, factories and service networks cost much the same whether the volume is a little higher or a little lower, so extra sales drop through to profit at a better rate. That fits the picture here: depreciation stayed at USD 1.1bn, while EBITDA rose to USD 4.4bn. The accounts do not say how much came from price and how much from volume. The cash line is the one I would watch next. It grew by 53.8%, more than any profit line.