Textron Inc.

TXT · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Valuation
Market cap	$15,340	$14,323	$15,763	$14,781	$17,017	$10,653	$9,831	$10,137	$12,474	$10,704	$9,260	$11,648	$10,370	$6,726	$5,157	$6,488	$4,946	$3,415	$17,810	$11,962	$10,279	$10,135	$7,753	$5,966	$5,848	$6,692	$11,579	$12,371	$10,300	$7,864	$5,870	$4,532	$6,517	$3,947	$4,286	$2,424	$2,181	$2,073	$1,812	$2,554	$1,801
Enterprise value	$17,597	$16,841	$17,837	$16,683	$19,048	$13,121	$12,565	$12,814	$15,124	$13,086	$11,865	$14,700	$12,346	$9,300	$8,705	$11,519	$12,305	$12,825	$26,738	$19,844	$16,837	$16,012	$13,349	$12,207	$11,710	$13,666	$18,200	$18,245	$13,843	$18,163	$16,020	$13,847	$15,363	$12,639	$11,719	$9,602	$8,769	$5,046	$3,291	$4,715	$3,295
P/E (TTM) at period end	16.66×	17.38×	17.11×	17.17×	22.81×	34.48×	12.06×	8.30×	40.63×	11.13×	13.29×	19.41×	20.82×	11.42×	21.31×	75.44×	–	7.03×	19.42×	19.90×	50.64×	27.77×	29.93×	–	35.23×	30.70×	5.20×	20.35×	18.46×	31.08×	12.25×	10.47×	17.19×	–	14.31×	8.56×	8.12×	7.62×	6.86×	10.39×	8.05×
P/S (TTM) at period end	1.04×	1.05×	1.15×	1.15×	1.37×	0.91×	0.72×	0.73×	0.88×	0.78×	0.69×	0.84×	0.86×	0.55×	0.46×	0.62×	0.47×	0.24×	1.41×	1.04×	1.02×	1.22×	0.79×	0.58×	0.47×	0.51×	0.98×	1.25×	1.19×	1.05×	0.59×	0.47×	0.72×	0.47×	0.55×	0.31×	0.34×	0.28×	0.34×	0.51×	0.45×
P/B at period end	1.95×	1.99×	2.26×	2.08×	2.50×	1.82×	1.78×	1.95×	2.21×	1.92×	1.87×	2.73×	2.37×	2.25×	1.88×	2.18×	1.75×	1.44×	5.08×	4.52×	3.14×	2.78×	2.10×	1.75×	1.49×	1.68×	2.65×	4.13×	3.19×	2.47×	1.72×	1.57×	2.34×	1.59×	1.46×	0.91×	0.86×	0.88×	0.79×	1.41×	1.13×
EV / EBITDA (TTM)	12.55×	13.61×	12.32×	13.03×	15.19×	15.64×	8.44×	8.32×	10.19×	8.27×	7.41×	9.45×	9.99×	6.48×	8.80×	12.27×	14.72×	6.45×	12.97×	11.65×	11.61×	13.37×	11.14×	9.00×	6.49×	6.59×	10.69×	12.89×	11.27×	16.48×	4.52×	4.50×	5.67×	4.54×	4.60×	3.96×	25.06×	–	–	–	–
EV / Sales (TTM)	1.19×	1.23×	1.30×	1.30×	1.54×	1.13×	0.92×	0.92×	1.07×	0.95×	0.88×	1.06×	1.02×	0.76×	0.77×	1.09×	1.17×	0.92×	2.12×	1.73×	1.68×	1.93×	1.36×	1.18×	0.95×	1.04×	1.54×	1.85×	1.59×	2.42×	1.61×	1.43×	1.69×	1.51×	1.49×	1.21×	1.36×	0.69×	0.61×	0.94×	0.82×
Returns
Return on equity	11.7%	11.4%	13.2%	12.1%	10.9%	5.3%	14.8%	23.5%	5.4%	17.3%	14.0%	14.0%	11.4%	19.7%	8.8%	2.9%	(1.1%)	20.5%	26.1%	22.7%	6.2%	10.0%	7.0%	(3.6%)	4.2%	5.5%	50.9%	20.3%	17.3%	7.9%	14.0%	15.0%	13.6%	(14.3%)	10.2%	10.6%	10.5%	11.5%	11.4%	13.6%	14.0%
Return on invested capital	8.0%	7.7%	9.9%	8.3%	8.4%	5.4%	11.2%	12.4%	5.0%	13.7%	10.8%	10.6%	9.8%	13.1%	6.7%	6.8%	2.1%	6.9%	9.8%	9.7%	8.1%	6.2%	6.6%	7.2%	6.0%	7.5%	7.1%	7.1%	7.6%	3.7%	13.8%	12.8%	12.9%	13.1%	13.6%	13.8%	1.0%	20.4%	6.0%	5.5%	5.7%
Dividend yield	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.4%	0.3%	0.4%	8.3%	1.4%	1.6%	1.8%	1.3%	2.9%	3.1%	3.1%	2.8%	1.7%	1.2%	2.0%	1.9%	2.3%	2.7%	1.7%	2.5%	2.1%	3.6%	4.1%	–	–	–	–
Financial health
Current ratio	–	–	1.79×	–	–	–	–	–	–	–	–	–	1.86×	1.53×	1.80×	1.90×	2.12×	0.95×	0.88×	1.45×	1.58×	0.87×	4.02×	4.18×	3.10×	2.88×	2.83×	2.02×	3.80×	7.68×	4.20×	5.21×	5.04×	5.30×	7.03×	6.47×	6.09×	18.50×	1.69×	1.77×	2.00×
Debt / equity	–	–	–	–	–	–	–	0.73×	0.69×	–	0.73×	0.91×	0.73×	1.33×	1.61×	2.01×	3.27×	4.15×	2.65×	3.22×	2.21×	1.77×	1.74×	1.92×	1.56×	1.69×	1.44×	1.82×	1.11×	3.25×	3.00×	3.25×	3.19×	3.51×	2.56×	2.72×	2.60×	2.49×	0.65×	1.22×	0.97×
Effective tax rate	18.8%	12.5%	15.2%	15.2%	14.4%	(9.6%)	13.5%	11.7%	59.8%	3.8%	28.1%	29.1%	26.1%	30.9%	28.2%	(7.0%)	51.0%	48.5%	29.8%	27.6%	30.2%	30.6%	26.9%	30.6%	54.2%	50.4%	37.9%	39.9%	40.2%	40.8%	40.1%	41.6%	38.2%	38.5%	39.5%	38.4%	34.5%	37.2%	42.3%	45.7%	40.1%
Share count
Diluted shares outstanding	180	190	202	215	227	229	233	253	269	272	279	282	284	295	307	303	263	250	255	260	273	280	274	281	286	292	309	334	339	343	348	363	456	353	439	354	354	349	322	324	294

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Revenue and gross profit
Revenue	$15,299	$14,799	$13,702	$13,683	$12,869	$12,382	$11,651	$13,630	$13,972	$14,198	$13,788	$13,423	$13,878	$12,104	$12,237	$11,275	$10,525	$10,500	$14,010	$12,615	$11,490	$10,043	$8,318	$9,792	$10,350	$12,321	$13,090	$11,854	$9,874	$8,683	$7,506	$9,973	$9,683	$9,078	$8,348	$7,840	$7,918	$6,432	$7,286	$5,388	$5,023	$4,038
Cost of revenue	($12,581)	($12,104)	($11,200)	($10,835)	($10,199)	($10,297)	($10,094)	($11,406)	($11,594)	($11,827)	($11,337)	($10,979)	($11,421)	($10,131)	($10,019)	($9,308)	($8,605)	($8,468)	($10,583)	($9,267)	($8,528)	($7,464)	($6,206)	($7,595)	($7,961)	($9,760)	($10,028)	($8,802)	($7,331)	($6,526)	($5,570)	($4,879)	($5,116)	($4,930)	($4,120)	($3,956)	($4,150)	($3,941)	($4,074)	($4,217)	($3,893)	($3,076)
Gross profit	$2,718	$2,695	$2,502	$2,848	$2,670	$2,085	$1,557	$2,224	$2,378	$2,371	$2,451	$2,444	$2,457	$1,973	$2,218	$1,967	$1,920	$2,032	$3,427	$3,348	$2,962	$2,579	$2,112	$2,197	$2,389	$2,561	$3,062	$3,052	$2,543	$2,157	$1,936	$5,094	$4,567	$4,148	$4,228	$3,884	$3,768	$2,491	$3,212	$1,171	$1,130	$962
Operating expenses
Research and development	($488)	($521)	($491)	($570)	($601)	($619)	($549)	($647)	($643)	($634)	($677)	($778)	($694)	($651)	($584)	($525)	($403)	($401)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($1,204)	($1,173)	($1,156)	($1,225)	($1,186)	($1,221)	($1,045)	($1,152)	($1,275)	($1,334)	($1,317)	($1,304)	($1,361)	($1,126)	($1,165)	($1,195)	($1,231)	($1,338)	($1,590)	($1,579)	($1,523)	($1,403)	($1,209)	($1,287)	($1,305)	($1,532)	($1,445)	($1,350)	($1,128)	($929)	($834)	($1,552)	($1,489)	($1,441)	($1,447)	($1,337)	($1,344)	($2,141)	($1,275)	($604)	($610)	($572)
Total operating expenses	($1,444)	($1,694)	($1,647)	($1,795)	($1,787)	($1,221)	($1,109)	($1,152)	($1,275)	($1,334)	($1,317)	($1,304)	($1,361)	($1,126)	($1,165)	($1,381)	($1,374)	($1,605)	($1,840)	($1,612)	($1,549)	($1,432)	($1,267)	($1,353)	($1,391)	($1,272)	($1,482)	($1,790)	($1,489)	($1,239)	($1,101)	($1,967)	($1,887)	($1,722)	($1,843)	($1,560)	($1,564)	($2,355)	($1,480)	($775)	($729)	($671)
Total costs and expenses	($14,025)	($13,798)	($12,847)	($12,630)	($11,986)	($11,518)	($11,203)	($12,558)	($12,869)	($13,161)	($12,654)	($12,283)	($12,782)	($11,257)	($11,184)	($10,689)	($9,979)	($10,073)	($12,423)	($10,879)	($10,077)	($8,896)	($7,473)	($8,948)	($9,352)	($11,032)	($11,510)	($10,592)	($8,820)	($7,765)	($6,671)	($6,846)	($7,003)	($6,652)	($5,962)	($5,515)	($5,714)	($6,297)	($5,554)	($4,992)	($4,622)	($3,747)
Operating income	$1,274	$1,001	$855	$1,053	$883	$864	$448	$1,072	$1,103	$1,037	$1,134	$1,140	$1,096	$847	$1,053	$586	$546	$427	$1,587	$1,736	$1,413	$1,147	$845	$844	$998	$1,289	$1,580	$1,262	$1,054	$918	$835	$3,127	$2,680	$2,426	$2,385	$2,325	$2,204	$136	$1,731	$396	$401	$292
Earnings
EBITDA	$1,673	$1,402	$1,237	$1,448	$1,280	$1,254	$839	$1,488	$1,540	$1,484	$1,583	$1,601	$1,555	$1,236	$1,436	$989	$939	$836	$1,987	$2,061	$1,703	$1,450	$1,198	$1,198	$1,356	$1,803	$2,074	$1,702	$1,415	$1,228	$1,102	$3,542	$3,078	$2,707	$2,781	$2,548	$2,424	$350	–	–	–	–
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	$6	$16	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($133)	($126)	($97)	($77)	($107)	($142)	($166)	($171)	($166)	($174)	($174)	($169)	($191)	($173)	($212)	($246)	($270)	($309)	($448)	($484)	($438)	($290)	($246)	($275)	($297)	($433)	($486)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,166	$1,137	$943	$1,087	$1,016	$873	$282	$942	$1,384	$762	$876	$971	$853	$674	$841	$337	$86	($149)	$629	$1,252	$975	$739	$540	$417	$566	$419	$611	$1,004	$737	$622	$517	$800	$741	$614	$527	$495	$459	$410	$433	$453	$445	$301
Income tax expense	($227)	($214)	($118)	($165)	($154)	($126)	$27	($127)	($162)	($456)	($33)	($273)	($248)	($176)	($260)	($95)	$6	$76	($305)	($373)	($269)	($223)	($165)	($112)	($173)	($227)	($308)	($381)	($294)	($250)	($211)	($321)	($308)	($234)	($203)	($196)	($176)	($142)	($161)	($192)	($203)	($121)
Net income	$937	$921	$824	$921	$861	$746	$309	$815	$1,222	$307	$962	$697	$600	$498	$589	$242	$86	($31)	$486	$917	$601	$203	$365	$259	($124)	$166	$218	$2,226	$608	$558	$253	$479	$433	$379	($355)	$300	$283	$269	$272	$264	$246	$224
Per share
Diluted EPS (GAAP)	$5.30	$5.11	$4.33	$4.56	$4.01	$3.30	$1.35	$3.50	$4.83	$1.14	$3.53	$2.50	$2.13	$1.75	$2.00	$0.79	$0.28	($0.12)	$1.94	$3.60	$2.31	$0.75	$1.31	$0.95	($0.45)	$0.58	$0.75	$1.91	$1.37	$1.65	$0.74	$1.38	$1.20	$0.83	($1.01)	$0.68	$0.80	$0.76	$0.78	$0.82	$0.75	$0.75
Basic EPS (GAAP)	$5.32	$5.15	$4.38	$4.61	$4.05	$3.33	$1.35	$3.52	$4.88	$1.15	$3.55	$2.52	$2.15	$1.78	$2.10	$0.87	$0.31	($0.12)	$1.97	$3.67	$2.35	$0.76	$1.33	$0.96	($0.45)	$0.59	$0.76	$1.91	$1.37	$1.69	$0.76	$1.38	$1.20	$0.85	($1.01)	$0.69	$0.80	$0.76	$0.78	$0.83	$0.75	$0.75
Basic shares outstanding	176	179	188	200	213	224	229	231	250	266	271	277	279	279	280	278	274	263	246	250	255	267	275	272	277	282	288	302	326	330	334	348	360	448	353	432	354	354	349	320	324	294
Margins
Gross margin	17.8%	18.2%	18.3%	20.8%	20.7%	16.8%	13.4%	16.3%	17.0%	16.7%	17.8%	18.2%	17.7%	16.3%	18.1%	17.4%	18.2%	19.4%	24.5%	26.5%	25.8%	25.7%	25.4%	22.4%	23.1%	20.8%	23.4%	25.7%	25.8%	24.8%	25.8%	51.1%	47.2%	45.7%	50.6%	49.5%	47.6%	38.7%	44.1%	21.7%	22.5%	23.8%
Operating margin	8.3%	6.8%	6.2%	7.7%	6.9%	7.0%	3.8%	7.9%	7.9%	7.3%	8.2%	8.5%	7.9%	7.0%	8.6%	5.2%	5.2%	4.1%	11.3%	13.8%	12.3%	11.4%	10.2%	8.6%	9.6%	10.5%	12.1%	10.6%	10.7%	10.6%	11.1%	31.4%	27.7%	26.7%	28.6%	29.7%	27.8%	2.1%	23.8%	7.4%	8.0%	7.2%
Net margin	6.1%	6.2%	6.0%	6.7%	6.7%	6.0%	2.7%	6.0%	8.7%	2.2%	7.0%	5.2%	4.3%	4.1%	4.8%	2.1%	0.8%	(0.3%)	3.5%	7.3%	5.2%	2.0%	4.4%	2.6%	(1.2%)	1.3%	1.7%	18.8%	6.2%	6.4%	3.4%	4.8%	4.5%	4.2%	(4.3%)	3.8%	3.6%	4.2%	3.7%	4.9%	4.9%	5.5%

Analyst consensus

Hold29 analysts

Bearish · 0 · Hold · 15 · Bullish · 14

Earnings history

	EPS	Estimate
Q4 2024	$1.34	$1.27	Beat
Q1 2026	$1.28	$1.14	Beat
Q2 2026	$1.55	$1.45	Beat
Q3 2026	$1.55	$1.46	Beat
Q4 2025	$1.73	$1.70	Beat
Q4 2026	$1.31	$1.88	Miss
Q1 2027	$1.45	$1.30	Beat
Q2 2027	$1.62	$1.55	Beat

Peers

Company overview

IPO dateDec 22, 1947

CEOLisa Atherton

Employees34,000

SectorIndustrials

IndustryAerospace & Defense

CountryUS

ExchangeNew York Stock Exchange

Websitewww.textron.com

Textron Inc. (TXT) is a diverse global enterprise with significant involvement in the aerospace, defense, industrial, and financial sectors. Its Textron Aviation division is responsible for the production, sale, and maintenance of a variety of aircraft, including corporate jets, turboprop and piston-engine planes, and military trainer and defense aircraft. This segment also delivers extensive maintenance, inspection, and repair services, alongside selling commercial aircraft components. The Bell segment stands as a primary provider of military and civilian helicopters, in addition to tiltrotor aircraft, supported by related spare parts and services. Textron Systems focuses on developing and supplying advanced unmanned aerial platforms, sophisticated electronic systems and solutions, specialized marine vessels, piston aircraft engines, realistic live military air-to-air and air-to-ship training systems, weaponry and associated components, and a range of armored and specialty vehicles. Within its Industrial segment, Textron creates specialized plastic fuel containment systems, including innovative pressurized versions designed for hybrid vehicles, clear-vision systems, and plastic tanks for catalytic reduction systems, primarily serving original equipment manufacturers (OEMs) in the automotive sector. This segment also manufactures a broad array of recreational and utility vehicles, such as golf carts, off-road vehicles (including ATVs and side-by-sides), snowmobiles, and light transportation solutions. Additionally, it produces specialized equipment for aviation ground support, as well as professional-grade turf management and landscaping machinery. Its varied customer base spans golf courses and resorts, government entities, municipalities, individual consumers, outdoor enthusiasts, and diverse commercial and industrial enterprises. Finally, the Finance segment extends financial services, facilitating the acquisition of new and pre-owned aircraft from Textron Aviation and Bell helicopters. Textron's operational footprint is worldwide, with a presence across the United States, Europe, Asia, Australia, and other international markets. The company, founded in 1923, maintains its corporate headquarters in Providence, Rhode Island.

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