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Textron Inc.

TXT Industrials Aerospace & Defense

Textron Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.8 billion, up 8.01% from fiscal 2024.

Revenue
+4.14%
EPS
+20.3%
Free cash flow
+18.3%
Total debt
+1.87%

Quarter to September 2026, against a year earlier

86.62 1.13 −1.29%
Market cap
$14.9B
P/E
15.8×
Fwd P/E
15.3×
Dividend yield
0.09%
F-score
7/9
Altman Z
2.64
Beneish M
−2.69
Dividend safety
74/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Textron Aviation
  • Bell
  • Industrial
  • Textron Systems
  • Finance
  • Textron eAviation

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.99
Sold, $m 30.21
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 — — — — — —
Sell — — 5 — — 1 — — — — — —
Insider Ownership 1.84%

Capital & Financial Ratios $m

Size
Market Cap 14,860.00
Revenue ttm 15,448.00
Net income ttm 975.00
Free cash flow ttm 815.00
Net debt Q 2,108.00
Valuation
P/E 15.76
Forward P/E 15.30
Price / sales 0.97
Forward P/S Powerpack
Price / FCF 18.43
Price / book 1.85
Financial health
Current ratio Q 1.80 (at or above 1.5: strong)
Debt / equity Q 0.47 (at or below 0.5: strong)
Interest coverage Q 8.88
Growth
Revenue growth Q +4.14% (above 0%: growing)
Operating income growth Q +1.79% (above 0%: growing)
EPS, this year +8.59%
EPS, next year A +8.63%
Revenue, next year A +4.78%
EPS, past 5 yrs +30.50% (at or above 15%: strong)
EPS, next 5 yrs A +10.27%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, against a ten-year median of 1.2×; over the ten years it ranged from 0.6× in 2020 to 1.5× in 2021.
P/E against its own 10 years 33.83%
10-year low 10-year high
P/S against its own 10 years 38.94%
10-year low 10-year high
P/B against its own 10 years 12.18%
10-year low 10-year high
EV/Sales against its own 10 years 28.92%
10-year low 10-year high
EV/FCF against its own 10 years 48.15%
10-year low 10-year high

Dividends

Yield
0.09%
Annual rate
0.08
Payout ratio
1.44%
Growth, 2017–25
0.00%/yr
  1. 0.08 ’17
  2. 0.08 ’18 +0
  3. 0.08 ’19 +0
  4. 0.08 ’20 +0
  5. 0.08 ’21 +0
  6. 0.33 ’22 +313
  7. 0.08 ’23 −76
  8. 0.08 ’24 +0
  9. 0.08 ’25 +0
  10. 0.08 ’26e +4
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,181 1,441 2,025 1,696
Receivables 868 949 823 920
Inventory 3,914 4,071 4,278 4,861
Other 857 687 872 816
8,405 7,751 8,572 8,889
2023 2024 2025 Q'26
Payables 1,023 943 1,185 1,300
ST’ Debt 357 357 5 355
Other 2,998 3,094 3,163 3,275
4,378 4,394 4,353 4,930

Compound Annual Growth %

10y 5y 3y
Sales 0.98% 4.90% 4.77%
Cash Flow 1.87% 11.30% (4.11%)
Earnings 2.83% 24.41% 2.27%
Book Value 4.72% 6.14% 3.45%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.43 Actual 1.76

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.74 1.73 Miss by 0.01
Q1 FY26 1.30 1.45 Beat by 0.15
Q2 FY26 1.52 1.62 Beat by 0.10
Q3 FY26 1.43 1.76 Beat by 0.33
Q4 FY26 2.01 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.25 1.42 1.56 — —
’25 1.13 1.35 1.31 1.32 5.11
’24 1.03 1.34 1.18 0.76 4.33
’23 0.92 1.30 1.35 1.00 4.57
’22 0.88 1.00 1.06 1.07 4.01
’21 0.75 0.80 0.82 0.93 3.30
’20 0.22 (0.40) 0.50 1.03 1.35
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3,695 3,827 3,751 — —
’25 3,306 3,716 3,602 4,175 14,799
’24 3,135 3,527 3,427 3,613 13,702
’23 3,024 3,424 3,343 3,892 13,683
’22 3,001 3,154 3,078 3,636 12,869
’21 2,879 3,191 2,990 3,322 12,382
’20 2,777 2,472 2,735 3,667 11,651
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (117) 304 425 — —
’25 (124) 387 349 700 1,312
’24 (7) 367 208 446 1,014
’23 163 296 258 549 1,266
’22 241 372 348 527 1,488
’21 181 591 401 425 1,598
’20 (395) 243 351 569 768
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (224) 189 323 — —
’25 (180) 318 273 527 938
’24 (70) 293 137 294 654
’23 101 213 183 385 882
’22 211 306 273 366 1,156
’21 128 516 328 254 1,226
’20 (445) 202 291 436 484
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 6.6% a year for ten years. It grew 3.7% a year over the last ten.

Implied
6.6%
10 years, reported
3.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 13,788 14,198 13,972 13,630 11,651 12,382 12,869 13,683 13,702 14,799 15,448 +0.8% 15,507 16,262 16,804 +4.3%
Gross margin, % 17.78 16.70 17.02 16.32 13.36 16.84 20.75 20.81 18.26 18.21 17.67 +0.4 pt
EBT 876 762 1,384 942 282 873 1,016 1,087 943 1,137 1,172 +2.9%
EBT margin, % 6.35 5.37 9.91 6.91 2.42 7.05 7.89 7.94 6.88 7.68 7.59 +1.3 pt
Net income 962 307 1,222 815 309 747 862 922 825 923 975 (0.5%)
Per share, $
Per share, $ Revenue 50.92 53.30 55.84 58.92 50.98 55.25 60.47 68.51 72.76 82.72 90.20 +5.5%
Earnings 3.53 1.14 4.83 3.50 1.35 3.30 4.01 4.57 4.33 5.11 5.57 +4.2%
Cash flow 3.42 3.51 4.42 4.38 3.36 7.13 6.99 6.34 5.38 7.33 7.66 +8.9%
Capex (1.65) (1.59) (1.42) (1.43) (1.24) (1.66) (1.56) (1.92) (1.91) (2.09) (2.90) +2.7%
Free cash flow 1.77 1.93 3.01 2.96 2.12 5.47 5.43 4.42 3.47 5.24 4.76 +12.8%
Book value 20.59 21.20 20.75 23.85 25.58 30.41 33.42 34.98 38.25 44.02 47.39 +8.8%
Shares, m 271 266 250 231 229 224 213 200 188 179 175 (4.5%)
Valuation, ×
Valuation, × P/E 13.95 50.26 9.44 12.71 35.80 23.39 17.52 17.60 17.75 17.06 15.76 21.5
P/S 0.97 1.08 0.82 0.76 0.95 1.40 1.16 1.17 1.05 1.05 0.97 1.0
P/B 2.39 2.70 2.22 1.87 1.89 2.54 2.10 2.30 2.00 1.98 1.85 2.2
EV/Sales 1.14 1.26 1.02 0.94 1.07 1.53 1.28 1.30 1.21 1.18 1.11 1.2
EV/FCF 32.81 34.92 18.86 18.67 25.82 15.46 14.25 20.13 25.31 18.60 21.02 22.5
Cash, $m
Cash, $m Operating cash flow 925 936 1,107 1,014 768 1,598 1,488 1,266 1,014 1,312 1,312 +4.0%
Capex (446) (423) (355) (330) (284) (372) (332) (384) (360) (374) (497) (1.9%)
Free cash flow 479 513 752 684 484 1,226 1,156 882 654 938 815 +7.8%
Balance, $m
Balance, $m Working capital 4,256 4,369 3,988 4,077 4,978 4,910 4,366 4,027 3,357 4,219 3,959 (0.1%)
Net debt 2,382 2,650 2,677 2,453 1,453 1,650 1,522 1,693 2,147 1,853 2,108 (2.8%)
Shareholders’ equity 5,574 5,647 5,192 5,518 5,845 6,815 7,113 6,987 7,204 7,875 8,116 +3.9%
Returns, %
Returns, % ROA 6.40 2.00 8.26 5.57 2.03 4.77 5.36 5.56 4.89 5.27 5.45 (1.1) pt
ROIC 8.91 7.81 8.76 8.41 4.38 6.38 6.39 7.58 5.71 6.43 6.30 (2.5) pt
ROE 18.26 5.47 22.55 15.22 5.44 11.79 12.36 13.06 11.61 12.22 12.47 (6.0) pt
People
People Employees 36,000 37,000 35,000 35,000 33,000 33,000 34,000 35,000 34,000 34,000 — (0.6%)
Revenue/emp, $m 0.38 0.38 0.40 0.39 0.35 0.38 0.38 0.39 0.40 0.44 — +1.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Textron is a multi-industry company that makes aircraft, defense products and industrial equipment and provides related services and financing. Founded in 1923 and headquartered in Providence, it is led by Chief Executive Officer Lisa M. Atherton.

Textron Aviation makes and services Cessna and Beechcraft aircraft, ranging from piston-engine training planes to business jets and turboprops. Its buyers include businesses, charter and fleet operators, individual owners, training schools and governments. It also maintains aircraft and sells replacement parts. Bell makes military and commercial helicopters and tiltrotor aircraft, which combine features of helicopters and fixed-wing planes. Bell supports those aircraft after sale with parts, repairs and training.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Textron Aviation 5,955 40.24%
Bell 4,282 28.93%
Industrial 3,213 21.71%
Textron Systems 1,247 8.43%
Finance 75 0.51%
Textron eAviation 27 0.18%
Gross margin 18.21%
Operating margin 6.76%
Pre-tax margin 7.68%

Revenue by segment since 2009

Textron Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ARXS Arxis, Inc. $22.4B — — +35.96% (above 0%: growing) — +117.42% (above 0%: growing) 54.27% 23.66% Compare
FTAI FTAI Aviation Ltd. $20.6B 40.1× 33.5× +46.56% (above 0%: growing) +30.63% (above 0%: growing) −107.53% (below 0%: shrinking) 36.19% 0.00% Compare
WWD Woodward, Inc. $19.6B 35.9× 32.8× +21.22% (above 0%: growing) +35.71% (above 0%: growing) −12.15% (below 0%: shrinking) 31.53% 16.66% Compare
CW Curtiss-Wright Corporation $18.4B 34.0× 30.6× +5.41% (above 0%: growing) +27.41% (above 0%: growing) +37.04% (above 0%: growing) 39.40% 19.34% Compare
TXT Textron Inc. $14.9B 15.8× 15.3× +4.14% (above 0%: growing) +20.34% (above 0%: growing) +18.32% (above 0%: growing) 17.73% 7.57%
EMBJ Embraer-Empresa Brasileira de Aeronautica $13.4B 30.5× — +22.87% (above 0%: growing) +176.74% (above 0%: growing) +287.11% (above 0%: growing) 19.90% 12.79% Compare
HII Huntington Ingalls Industries, Inc. $12.5B 17.0× 16.6× +10.81% (above 0%: growing) +48.88% (above 0%: growing) +3,169.23% (above 0%: growing) 13.57% 7.69% Compare
BWXT BWX Technologies, Inc. $12.1B 32.3× 29.8× +10.01% (above 0%: growing) +23.33% (above 0%: growing) +58.55% (above 0%: growing) 0.00% 16.59% Compare
MOG.A Moog Inc. $11.4B 30.4× 28.3× +15.16% (above 0%: growing) +153.97% (above 0%: growing) +67.52% (above 0%: growing) 31.10% 14.41% Compare
Median of peers $15.9B 32.3× 30.2× +18.19% +35.71% +63.04% 31.32% 15.50%

All 94 Aerospace & Defense stocks →

From the latest earnings call

Updated

  • Lisa Atherton said Textron Aviation demand across jets and turboprops continued, while workforce experience, factory execution and supplier availability remained operational priorities.
  • David Rosenberg said Textron reiterated its full-year outlook, which assumes additional funding for the MV-75 Cheyenne program while work continues on a self-funded basis.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 92.29%
Held by the ten largest 56.99%
Holder Shares Stake Change
Vanguard 20.55m 11.95% −1.48k
Fidelity (FMR) 16.08m 9.35% +4.68m
BlackRock 15.63m 9.09% −23.88k
State Street 9.83m 5.72% +86.14k
Invesco 8.51m 4.95% +503.26k
T. Rowe Price 6.96m 4.05% −628.45k
Boston Partners 6.12m 3.56% +393.90k
Geode Capital Management 5.09m 2.96% +112.74k
AQR Capital Management 4.61m 2.68% −981.28k
LSV ASSET MANAGEMENT 4.60m 2.67% +522.71k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 5 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 21.17m 24.04m 181.10
2024 19.64m 15.77m 159.00
2023 20.39m 27.99m 167.00
2022 15.37m 18.74m 146.80
2021 18.58m 45.82m 159.90
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Textron Inc. (TXT) Latest News

31 Oct

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29 Oct

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Impact 4 · · Associated Press
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Impact 3 · · The Motley Fool
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28 Oct

Impact 3 · · Trefis
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27 Oct

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22 Oct

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21 Oct

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7 Oct

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5 Oct

Impact 4 · · Business Wire
Impact 3 · · 24/7 Wall St.

TXT metrics, ten years each

stockrow.com/TXT · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com