Textron
TXT · NYSEAircraft & Parts · Fiscal year ends Jan 2
Textron reported revenue of $14.8B in the fiscal year ended Jan 2026, up 8.0% from the year before. Net income was $921M. Operating cash flow of $1.3B less capital expenditure of $383M left free cash flow of $929M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $12.4B | $12.9B | $13.7B | $13.7B | $14.8B |
| Research & development | $619M | $601M | $570M | $491M | $521M |
| Selling, general & admin | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Net interest incomeBanks | −$142M | −$107M | −$77M | −$97M | −$126M |
| Interest expense | $142M | – | – | – | – |
| Pre-tax income | $873M | $1B | $1.1B | $943M | $1.1B |
| Income tax | $126M | $154M | $165M | $118M | $214M |
| Net income | $746M | $861M | $921M | $824M | $921M |
| Diluted EPS | 3.30 | 4.01 | 4.56 | 4.33 | 5.11 |
| Diluted shares | 227M | 215M | 202M | 190M | 180M |
Balance sheet
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $2.1B | $2B | $2.2B | $1.4B | $2B |
| Inventory | $3.5B | $3.6B | $3.9B | $4.1B | $4.3B |
| Net PP&E | $2.5B | $2.5B | $2.5B | – | – |
| Total assets | $15.8B | $16.3B | $16.9B | $16.8B | $18.1B |
| Deferred revenue | $1.2B | $1.5B | $1.8B | $1.9B | $2.1B |
| Total liabilities | $9B | $9.2B | $9.9B | $9.6B | $10.3B |
| Shareholders' equity | $6.8B | $7.1B | $7B | $7.2B | $7.9B |
| Backlog (remaining obligations) | $10.1B | $13.3B | $13.9B | $17.9B | $18.8B |
Cash flow
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $1.6B | $1.5B | $1.3B | $1B | $1.3B |
| Capital expenditure | $375M | $354M | $402M | $364M | $383M |
| Free cash flow | $1.2B | $1.1B | $864M | $650M | $929M |
| Depreciation & amortisation | $390M | $397M | $395M | $382M | $401M |
| Stock-based compensation | $138M | $66M | $94M | $66M | $81M |
| Share buybacks | $921M | $867M | $1.2B | $1.1B | $822M |
| Dividends paid | $18M | $17M | $16M | $12M | $18M |
| Dividend per share | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
Key ratios
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 3.9% | 6.3% | 0.1% | 8.0% |
| EPS growth (YoY) | – | 21.5% | 13.7% | −5.0% | 18.0% |
| Net margin | 6.0% | 6.7% | 6.7% | 6.0% | 6.2% |
| Return on equityBlank when equity is negative | 10.9% | 12.1% | 13.2% | 11.4% | 11.7% |
| Free cash flow margin | 9.9% | 8.8% | 6.3% | 4.7% | 6.3% |
| Cash conversion (CFO ÷ net income) | 2.14x | 1.73x | 1.37x | 1.23x | 1.42x |
Recent filings
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.