Textron Inc. (TXT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.55	$1.62	+4.5%	—	—	—
Q4 26	$1.3	$1.45	+11.5%	—	—	—
Q3 26	$1.38	$1.39	+0.7%	—	—	—
Q2 26	$1.46	$1.55	+6.2%	—	—	—
Q1 26	$1.45	$1.55	+6.9%	—	—	—
Q4 25	$1.14	$1.28	+12.3%	—	—	—
Q3 25	$1.25	$1.34	+7.2%	—	—	—
Q2 25	$1.5	$1.4	-6.7%	—	—	—
Q1 25	$1.47	$1.54	+4.8%	—	—	—
Q4 24	$1.23	$1.2	-2.4%	—	—	—
Q3 24	$1.53	$1.6	+4.6%	—	—	—
Q2 24	$1.28	$1.49	+16.4%	—	—	—
Q1 24	$1.2	$1.46	+21.7%	—	—	—
Q4 23	$0.99	$1.05	+6.1%	—	—	—
Q3 23	$1.07	$1.07	0.0%	—	—	—
Q2 23	$0.93	$1.06	+14.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.12	—	—	$14.8B	—
FY24	—	$4.34	—	—	$13.7B	—
FY23	—	$4.61	—	—	$13.7B	—
FY22	—	$4.05	—	—	$12.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$13.8B	$14.2B	$14B	$13.6B	$11.7B	$12.4B	$12.9B	$13.7B	$13.7B	$14.8B
YoY change	+2.72%	+2.97%	-1.59%	-2.45%	-14.5%	+6.27%	+3.93%	+6.33%	+0.14%	+8.01%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	13.8B	14.2B	14B	13.6B	11.7B	12.4B	12.9B	13.7B	13.7B	14.8B
Cost of revenue	11.3B	11.8B	11.6B	11.4B	10.1B	10.3B	10.8B	11.4B	11.2B	12.1B
Gross profit	2.5B	2.4B	2.4B	2.2B	1.6B	2.1B	2.1B	2.3B	2.5B	2.7B
Gross margin	17.8%	16.7%	17%	16.3%	13.4%	16.8%	16.1%	16.6%	18.3%	18.2%
Research & development	—	—	—	—	—	—	—	—	491M	521M
Selling, general & administrative	1.3B	1.3B	1.3B	1.2B	1B	1.2B	1.2B	1.2B	1.2B	1.2B
Operating expenses	1.3B	1.3B	1.3B	1.2B	1B	1.2B	1.2B	1.2B	1.6B	1.7B
Operating income	1.1B	1B	1.1B	1.1B	512M	864M	883M	1.1B	855M	1B
Operating margin	8.22%	7.3%	7.89%	7.87%	4.39%	6.98%	6.86%	7.7%	6.24%	6.76%
Non-operating income, net	-84M	-101M	447M	41M	-64M	151M	240M	111M	185M	262M
Pretax income	876M	762M	1.4B	942M	282M	873M	1B	1.1B	943M	1.1B
Income tax	33M	456M	162M	127M	-27M	126M	154M	165M	118M	214M
Net income	962M	307M	1.2B	815M	309M	746M	861M	921M	824M	921M
Net margin	6.98%	2.16%	8.75%	5.98%	2.65%	6.02%	6.69%	6.73%	6.01%	6.22%
EBITDA	1.6B	1.5B	1.6B	1.6B	986M	1.4B	1.5B	1.7B	1.5B	1.7B
EPS	3.56	1.17	4.83	3.52	1.35	3.33	4.05	4.61	4.34	5.12
Diluted EPS	3.53	1.14	4.83	3.5	1.35	3.3	4.01	4.56	4.33	5.11

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	3.3B	3.9B	3.1B	3.5B	3.4B	3.6B	3.3B	3.7B	3.6B	4.2B	3.7B	3.8B
Cost of revenue	2.8B	3.2B	2.6B	2.9B	2.9B	2.7B	2.7B	3B	2.9B	3.5B	3B	3.1B
Gross profit	564M	643M	521M	588M	492M	901M	634M	709M	654M	698M	672M	694M
Gross margin	16.9%	16.5%	16.6%	16.7%	14.4%	24.9%	19.2%	19.1%	18.2%	16.7%	18.2%	18.1%
Research & development	—	—	—	—	—	—	132M	137M	118M	134M	120M	116M
Selling, general & administrative	303M	328M	316M	293M	282M	265M	298M	303M	257M	315M	321M	311M
Operating expenses	303M	328M	316M	293M	282M	265M	430M	440M	375M	449M	441M	427M
Operating income	261M	315M	205M	295M	210M	145M	204M	269M	279M	249M	231M	267M
Operating margin	7.81%	8.09%	6.54%	8.36%	6.13%	4.01%	6.17%	7.24%	7.75%	5.96%	6.25%	6.98%
Non-operating income, net	59M	-66M	52M	53M	68M	12M	66M	63M	67M	66M	70M	70M
Pretax income	301M	230M	237M	323M	252M	131M	241M	301M	316M	279M	267M	304M
Income tax	32M	31M	36M	63M	29M	-10M	34M	56M	81M	43M	47M	56M
Net income	269M	198M	201M	259M	223M	141M	207M	245M	234M	235M	220M	248M
Net margin	8.05%	5.09%	6.41%	7.34%	6.51%	3.9%	6.26%	6.59%	6.5%	5.63%	5.95%	6.48%
EBITDA	419M	352M	359M	451M	377M	313M	362M	436M	443M	427M	397M	431M
EPS	1.36	1.01	1.04	1.37	1.18	0.76	1.13	1.36	1.31	1.33	1.25	1.43
Diluted EPS	1.35	1	1.03	1.35	1.18	0.76	1.13	1.35	1.31	1.33	1.25	1.42

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	13.1B	14.8B	11.6B	10.2B	10.9B	16.7B	15.1B	16.1B	14.5B	15.7B	13.5B
Enterprise value	15.5B	17.4B	14.3B	12.6B	13.1B	18.4B	16.6B	17.8B	16.7B	17.5B	15.9B
Shares outstanding	270.3M	261.5M	253.2M	228M	226.4M	216.9M	212.8M	199.7M	189.9M	179.9M	179.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	13.6	48.2	9.53	12.5	35.4	22.4	17.5	17.4	17.6	17	14.4
P/S	0.95	1.04	0.83	0.75	0.94	1.35	1.17	1.17	1.06	1.06	0.87
P/B	2.35	2.62	2.24	1.84	1.87	2.46	2.12	2.3	2.02	1.99	1.64
EV/EBITDA	9.56	11.5	8.86	7.88	13.2	13	10.9	10.5	11.1	10.5	9.49
EV/Sales	1.12	1.23	1.03	0.93	1.12	1.49	1.29	1.3	1.22	1.18	1.04
Earnings yield	7.33%	2.07%	10.5%	8.01%	2.82%	4.46%	5.71%	5.73%	5.67%	5.87%	6.93%
FCF yield	3.65%	3.47%	6.34%	6.64%	4.12%	7.3%	7.53%	5.38%	4.48%	5.92%	3.37%
PEG	—	—	—	—	—	—	—	—	—	—	2.8

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	17.8%	16.7%	17%	16.3%	13.4%	16.8%	16.1%	16.6%	18.3%	18.2%	18.1%
Operating margin	8.22%	7.3%	7.89%	7.87%	4.39%	6.98%	6.86%	7.7%	6.24%	6.76%	8.7%
Net margin	6.98%	2.16%	8.75%	5.98%	2.65%	6.02%	6.69%	6.73%	6.01%	6.22%	6.13%
ROE	17.3%	5.44%	23.5%	14.8%	5.29%	10.9%	12.1%	13.2%	11.4%	11.7%	12.1%
ROA	6.26%	2%	8.57%	5.43%	2%	4.71%	5.28%	5.46%	4.89%	5.08%	4.55%
ROIC	13.7%	5.02%	12.4%	11.6%	6.43%	8.73%	8.68%	10.3%	8%	8.35%	8.06%
Return on tangible assets	10%	3.12%	12.4%	7.6%	2.78%	6.47%	7.34%	7.51%	6.72%	6.83%	6.94%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.09	2.19	2.14	2.06	2.52	2.57	2.19	1.92	1.76	1.97	1.86
Quick ratio	0.95	1.06	1.05	1	1.45	1.46	1.22	1.03	0.84	0.99	0.85
Debt / equity	0.66	0.69	0.73	0.69	0.75	0.55	0.5	0.55	0.5	0.49	0.52
Debt / assets	0.24	0.26	0.27	0.25	0.28	0.24	0.22	0.23	0.21	0.21	0.21
Net debt / EBITDA	1.47	1.75	1.66	1.53	2.15	1.17	1	1	1.43	1.11	1.3
Interest coverage	6.03	5.38	9.34	6.51	2.7	7.15	10.5	15.1	10.7	10	9.77
Effective tax rate	3.77%	59.8%	11.7%	13.5%	0%	14.4%	15.2%	15.2%	12.5%	18.8%	19.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	51	54.3	55.2	59.8	51.5	57.1	60.5	68.5	72.2	82.3	87.3
EPS (basic)	3.56	1.17	4.83	3.52	1.35	3.33	4.05	4.61	4.34	5.12	5.12
EPS (diluted)	3.53	1.14	4.83	3.5	1.35	3.3	4.01	4.56	4.33	5.11	5.31
Book value per share	20.6	21.6	20.5	24.2	25.8	31.4	33.4	35	37.9	43.8	46.8
FCF per share	1.77	1.96	2.91	2.96	1.99	5.64	5.33	4.33	3.42	5.16	4.41
Cash per share	4.8	4.83	4.37	5.95	9.96	9.76	9.56	10.9	7.59	11.3	8.35
Capex per share	—	—	0.06	0.04	0.15	0.01	0.1	0.09	0.02	2.13	2.77

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	0.1%	0.07%	0.28%	0.02%	0.17%	0.13%	0.03%	2.59%	3.12%
Capex / operating cash flow	—	—	0.93%	0.9%	5.05%	0.19%	1.48%	1.53%	0.41%	29.2%	38.6%
Payout ratio	2.29%	6.84%	1.64%	2.21%	5.83%	2.41%	1.97%	1.74%	1.46%	1.95%	1.51%
Dividend yield	0.17%	0.14%	0.17%	0.18%	0.16%	0.11%	0.11%	0.1%	0.08%	0.11%	0.1%

Yield

0.1%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.02

ex-dividend Sep 11, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 11, 2026	$0.02
Jun 12, 2026	$0.02
Mar 13, 2026	$0.02

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$3.3B	$3.9B	$3.1B	$3.5B	$3.4B	$3.6B	$3.3B	$3.7B	$3.6B	$4.2B	$3.7B	$3.8B
YoY change	+8.61%	+7.04%	+3.67%	+3.01%	+2.51%	-7.17%	+5.45%	+5.36%	+5.11%	+15.6%	+11.8%	+2.99%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.3B	1.3B	1.1B	1.4B	2.3B	2.1B	2B	2.2B	1.4B	2B
Receivables	2B	2.2B	1.8B	1.6B	1.5B	1.4B	1.4B	1.5B	1.6B	1.4B
Inventory	4.5B	4.2B	3.8B	4.1B	3.5B	3.5B	3.5B	3.9B	4.1B	4.3B
Total current assets	8.1B	8B	7.5B	7.9B	8.2B	8B	8B	8.4B	7.8B	8.6B
Property, plant & equipment	4.5B	4.7B	4.5B	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B	2.6B
Goodwill & intangibles	5.8B	5.5B	4.4B	4.3B	4.3B	4.3B	4.6B	4.6B	4.6B	4.6B
Total assets	15.4B	15.3B	14.3B	15B	15.4B	15.8B	16.3B	16.9B	16.8B	18.1B
Accounts payable	1.3B	1.2B	1.1B	1.4B	776M	786M	1B	1B	943M	1.2B
Short-term debt	363M	14M	258M	561M	509M	6M	7M	357M	357M	5M
Total current liabilities	3.9B	3.7B	3.5B	3.8B	3.3B	3.1B	3.7B	4.4B	4.4B	4.4B
Long-term debt	3.3B	3.9B	3.5B	3.2B	3.9B	3.8B	3.5B	3.5B	3.2B	3.9B
Total liabilities	9.8B	9.7B	9.1B	9.5B	9.6B	9B	9.2B	9.9B	9.6B	10.3B
Shareholders' equity	5.6B	5.6B	5.2B	5.5B	5.8B	6.8B	7.1B	7B	7.2B	7.9B
Total debt	3.7B	3.9B	3.8B	3.8B	4.4B	3.8B	3.6B	3.9B	3.6B	3.9B
Net debt	2.4B	2.6B	2.7B	2.5B	2.1B	1.6B	1.5B	1.7B	2.1B	1.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.7B	2.2B	1.5B	1.4B	1.3B	1.4B	1.2B	1.4B	1.5B	2B	1.6B	1.6B
Receivables	1.5B	1.5B	1.5B	1.4B	1.5B	1.6B	1.6B	1.5B	1.7B	1.4B	1.5B	1.4B
Inventory	4.2B	3.9B	4.3B	4.4B	4.4B	4.1B	4.3B	4.3B	4.5B	4.3B	4.6B	4.7B
Total current assets	8.2B	8.4B	8B	8B	8B	7.8B	7.9B	8B	8.4B	8.6B	8.6B	8.7B
Property, plant & equipment	-5.3B	2.5B	-5.3B	-5.4B	-5.5B	2.5B	-5.6B	-5.7B	-5.7B	2.6B	-5.8B	-5.9B
Goodwill & intangibles	4.6B	4.6B	4.6B	4.6B	4.6B	4.6B	4.6B	4.6B	4.6B	4.6B	4.6B	4.6B
Total assets	16.5B	16.9B	16.4B	16.4B	16.5B	16.8B	16.9B	17.1B	17.4B	18.1B	18.1B	18.1B
Accounts payable	1.2B	1B	1.1B	1.1B	1.1B	943M	1.1B	1.1B	1.2B	1.2B	1.3B	1.2B
Short-term debt	357M	357M	357M	357M	357M	357M	356M	356M	356M	5M	355M	355M
Total current liabilities	4.4B	4.4B	4.4B	4.5B	4.4B	4.4B	4.4B	4.4B	4.6B	4.4B	4.7B	4.7B
Long-term debt	3.2B	3.5B	3.2B	3.2B	3.2B	3.2B	3.4B	3.4B	3.4B	3.9B	3.5B	3.5B
Total liabilities	9.4B	9.9B	9.5B	9.6B	9.5B	9.6B	9.7B	9.6B	9.9B	10.3B	10.1B	10.1B
Shareholders' equity	7.1B	7B	6.9B	6.9B	7B	7.2B	7.3B	7.4B	7.5B	7.9B	8B	8.1B
Total debt	3.5B	3.9B	3.5B	3.6B	3.6B	3.6B	3.7B	3.7B	3.7B	3.9B	3.8B	3.8B
Net debt	1.8B	1.7B	2.1B	2.2B	2.2B	2.1B	2.5B	2.3B	2.2B	1.9B	2.2B	2.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	843M	306M	1.2B	815M	309M	747M	862M	922M	825M	923M
Depreciation & amortization	449M	447M	437M	416M	391M	390M	397M	395M	382M	401M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-555M	-269M	-308M	-398M	-135M	353M	347M	-38M	-311M	-298M
Operating cash flow	887M	916M	1.5B	1B	653M	1.6B	1.5B	1.2B	974M	1.3B
Capital expenditure	—	—	14M	9M	33M	3M	22M	18M	4M	-383M
Investing cash flow	10M	-222M	989M	73M	69M	94M	-93M	85M	80M	-216M
Dividends paid	-22M	-21M	-20M	-18M	-18M	-18M	-17M	-16M	-12M	-18M
Share repurchases	-241M	-582M	-1.8B	-503M	-183M	-921M	-867M	-1.2B	-1.1B	-822M
Financing cash flow	-204M	-412M	-1.9B	-526M	338M	-1.6B	-1.1B	-886M	-1.5B	-583M
Net change in cash	693M	282M	556M	548M	1.1B	134M	246M	378M	-489M	513M
Free cash flow	479M	513M	738M	675M	451M	1.2B	1.1B	864M	650M	929M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	269M	199M	201M	260M	223M	141M	207M	245M	235M	236M	220M	248M
Depreciation & amortization	99M	103M	88M	90M	101M	103M	92M	100M	97M	112M	96M	94M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-84M	224M	-317M	-7M	-158M	171M	-447M	13M	-161M	297M	-518M	-103M
Operating cash flow	258M	461M	-7M	368M	208M	405M	-124M	392M	349M	700M	-117M	304M
Capital expenditure	4M	14M	3M	0	0	1M	0	9M	-76M	-173M	-133M	-95M
Investing cash flow	11M	15M	3M	0	-7M	58M	55M	81M	-62M	-162M	-106M	-93M
Dividends paid	-4M	-4M	-4M	-4M	0	-4M	-3M	-4M	-4M	-7M	-3M	-4M
Share repurchases	-235M	-283M	-317M	-358M	-215M	-232M	-215M	-214M	-206M	-187M	-168M	-209M
Financing cash flow	-246M	-291M	-700M	-382M	-216M	-244M	-84M	-236M	-212M	-51M	-249M	-221M
Net change in cash	23M	185M	-704M	-14M	-15M	219M	-153M	237M	75M	487M	-472M	-10M
Free cash flow	179M	371M	-73M	293M	137M	293M	-180M	309M	273M	527M	-250M	209M

Date	Ratio
Aug 27, 2007	2:1
Jun 2, 1997	2:1
May 29, 1987	2:1

Textron Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history