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RTX vs Tesla: revenue, profit, margins and growth compared

RTX brought in $88.6B of revenue in fiscal 2025, Tesla $94.8B in fiscal 2025. Revenue changed by +9.7% at RTX and -2.9% at Tesla on the year before, so RTX grew faster. RTX kept 7.6% of its revenue as net profit, Tesla 4.0%. Free cash flow was $7.9B at RTX and $6.2B at Tesla.

Side by side, latest fiscal year

RTXTSLA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$88.6B$94.8B
Revenue growth+9.7%-2.9%
Net income$6.7B$3.8B
Net margin7.6%4.0%
Free cash flow$7.9B$6.2B
Free cash flow margin9.0%6.6%
Earnings per share (diluted)$4.96$1.08
Cash$7.4B$16.5B
Debt$37.7B$6.6B
Price to earnings38.2344.6
Market value$255.3B$1.47T
Dividend yield1.41%n/a
Rank by revenue in sector#6 of 451 · Industrials#3 of 451 · Industrials

Over the years

Revenue
RTX FY2018: $34.7BRTX FY2019: $45.3BRTX FY2020: $56.6BRTX FY2021: $64.4BRTX FY2022: $67.1BRTX FY2023: $68.9BRTX FY2024: $80.7BRTX FY2025: $88.6BTSLA FY2018: $21.5BTSLA FY2019: $24.6BTSLA FY2020: $31.5BTSLA FY2021: $53.8BTSLA FY2022: $81.5BTSLA FY2023: $96.8BTSLA FY2024: $97.7BTSLA FY2025: $94.8BFY18FY19FY20FY21FY22FY23FY24FY25
RTX $88.6BTSLA $94.8B
Net income
RTX FY2018: $5.3BRTX FY2019: $5.5BRTX FY2020: -$3.5BRTX FY2021: $3.9BRTX FY2022: $5.2BRTX FY2023: $3.2BRTX FY2024: $4.8BRTX FY2025: $6.7BTSLA FY2018: -$976MTSLA FY2019: -$862MTSLA FY2020: $721MTSLA FY2021: $5.5BTSLA FY2022: $12.6BTSLA FY2023: $15BTSLA FY2024: $7.1BTSLA FY2025: $3.8BFY18FY19FY20FY21FY22FY23FY24FY25
RTX $6.7BTSLA $3.8B
Net margin
RTX FY2018: 15.2%RTX FY2019: 12.2%RTX FY2020: -6.2%RTX FY2021: 6.0%RTX FY2022: 7.7%RTX FY2023: 4.6%RTX FY2024: 5.9%RTX FY2025: 7.6%TSLA FY2018: -4.5%TSLA FY2019: -3.5%TSLA FY2020: 2.3%TSLA FY2021: 10.3%TSLA FY2022: 15.4%TSLA FY2023: 15.5%TSLA FY2024: 7.3%TSLA FY2025: 4.0%FY18FY19FY20FY21FY22FY23FY24FY25
RTX 7.6%TSLA 4.0%
Revenue growth
RTX FY2019: +30.7%RTX FY2020: +24.8%RTX FY2021: +13.8%RTX FY2022: +4.2%RTX FY2023: +2.8%RTX FY2024: +17.1%RTX FY2025: +9.7%TSLA FY2019: +14.5%TSLA FY2020: +28.3%TSLA FY2021: +70.7%TSLA FY2022: +51.4%TSLA FY2023: +18.8%TSLA FY2024: +0.9%TSLA FY2025: -2.9%FY19FY20FY21FY22FY23FY24FY25
RTX +9.7%TSLA -2.9%
Free cash flow
RTX FY2018: $1.2BRTX FY2019: $4BRTX FY2020: $2.5BRTX FY2021: $5BRTX FY2022: $4.9BRTX FY2023: $5.5BRTX FY2024: $4.5BRTX FY2025: $7.9BTSLA FY2018: -$3MTSLA FY2019: $1.1BTSLA FY2020: $2.8BTSLA FY2021: $5BTSLA FY2022: $7.6BTSLA FY2023: $4.4BTSLA FY2024: $3.6BTSLA FY2025: $6.2BFY18FY19FY20FY21FY22FY23FY24FY25
RTX $7.9BTSLA $6.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about RTX and Tesla

Which is bigger by revenue, RTX or Tesla?

Tesla is bigger by revenue: $94.8B in fiscal 2025, against $88.6B for RTX in fiscal 2025.

Which keeps more of its revenue as profit, RTX or Tesla?

RTX had a net margin of 7.6% in fiscal 2025; Tesla had 4.0% in fiscal 2025.

Which grew revenue faster, RTX or Tesla?

In their latest fiscal years revenue changed by +9.7% at RTX and -2.9% at Tesla.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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