A Business at a Glance
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Item 1. Business Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative products and services around the world. References to “Textron,” the “Company,” “we,” “our” and “us” in this Annual Report on Form 10-K, unless otherwise indicated, refer to Textron Inc. and its consolidated subsidiaries. Through 2025, we conducted our business through six operating segments: Textron Aviation, Bell, Textron Systems, Industrial and Textron eAviation, which represent our manufacturing businesses, and Finance, which represents our captive finance business. Our segments include numerous separately incorporated subsidiaries.
| Segment | 2021 | 2022 | 2023 | 2024 | 2026 | % of Total |
|---|---|---|---|---|---|---|
Manufacturing group | $9.72B | $10.95B | $11.57B | $11.38B | $12.73B | 49% |
Aircraft | $2.71B | $3.39B | $3.58B | $3.37B | $3.92B | 15% |
Military aircraft and support programs | $2.21B | $2.07B | $1.70B | $2.05B | $2.62B | 10% |
Aftermarket parts and services | $1.26B | $1.69B | $1.80B | $1.91B | $2.03B | 8% |
Fuel systems and functional components | $1.75B | $1.77B | $1.95B | $1.89B | $1.88B | 7% |
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 14.8B | 14.8B | 14.8B | 13.7B | 13.7B | 12.4B |
| Net Income | 921M | 921M | 921M | 824M | 921M | 746M |
| EPS | $5.11 | $5.11 | $5.11 | $4.33 | $4.56 | $3.30 |
| Free Cash Flow | 929M | 929M | 929M | 650M | 864M | 1.2B |
| ROIC | 10.8% | 10.8% | - | 10.0% | 11.8% | 10.4% |
| Gross Margin | 28.3% | 28.3% | - | 31.4% | 32.7% | 27.7% |
| Debt/Equity | 0.45 | 0.45 | 1.30 | 0.45 | 0.50 | 0.45 |
| Dividends/Share | $0.10 | $0.10 | $0.08 | $0.08 | $0.08 | $0.08 |
| Operating Income | 1.3B | 1.3B | - | 1.0B | 1.2B | 1.0B |
| Operating Margin | 8.5% | 8.5% | - | 7.6% | 8.5% | 8.2% |
| ROE | 11.7% | 11.7% | 12.2% | 11.4% | 13.2% | 10.5% |
| Shares Outstanding | 180M | 180M | 180M | 190M | 202M | 226M |
TEXTRON INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
TEXTRON INC trades at 18.2x trailing earnings, compared to its 15-year median P/E of 18.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 17.5x vs a median of 18.7x. The company's 5-year average ROIC is 10.8% with a gross margin of 30.0%. Total shareholder yield (dividends + buybacks) is 5.0%. At current prices, the estimated annualized return to fair value is +8.6%.
TEXTRON INC (TXT) has a current P/E ratio of 18.2, compared to its historical median P/E of 18.3. The stock is currently considered Fair based on its historical valuation range.
TEXTRON INC (TXT) has a 5-year average return on invested capital (ROIC) of 10.8%. This indicates solid capital allocation.
TEXTRON INC (TXT) has a market capitalization of $16.8B. It is classified as a large-cap stock.
Yes, TEXTRON INC (TXT) pays a dividend with a trailing twelve-month yield of 0.11%. The company also returns capital through share buybacks, with a buyback yield of 4.90%.
Based on historical P/E analysis, TEXTRON INC (TXT) appears fair. The current P/E of 18.2 is 0% below its historical median of 18.3. The estimated fair value CAGR (P/E method) is 7.6%.
TEXTRON INC (TXT) operates in the Aircraft & Parts industry, within the Industrials sector.
TEXTRON INC (TXT) reported annual revenue of $14.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
TEXTRON INC (TXT) has a net profit margin of 6.2%. This is a modest margin.
TEXTRON INC (TXT) generated $929 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TEXTRON INC (TXT) has a debt-to-equity ratio of 0.45. This indicates a conservatively financed balance sheet.
TEXTRON INC (TXT) reported earnings per share (EPS) of $5.11 in its most recent fiscal year.
TEXTRON INC (TXT) has a return on equity (ROE) of 11.7%. This indicates moderate shareholder returns.
TEXTRON INC (TXT) has a 5-year average gross margin of 30.0%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for TEXTRON INC (TXT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TEXTRON INC (TXT) has a book value per share of $43.69, based on its most recent annual SEC filing.