TEXTRON INC TXT
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. Effective January 4, 2026, the beginning of our 2026 fiscal year, the business activities of the Textron eAviation segment were realigned within Textron's other operating segments resulting in the elimination of the Textron eAviation segment as a separate reporting segment. For additional information regarding this segment change, see the Textron eAviation Segment section below. We will begin to report under the new segment reporting structure with the filing of our Quarterly Report on Form 10-Q for the first quarter of 2026.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Other international
- Europe
- South and Latin America
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $10.28B | $9.68B | $9.30B |
| Other international | $1.95B | $1.94B | $2.12B |
| Europe | $1.29B | $1.21B | $1.41B |
| South and Latin America | $1.28B | $874.0M | $842.0M |
As the company reported it, from the “Revenues - Disaggregation of Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.80B | $13.70B | $13.68B | $12.87B | $12.38B | $11.65B | $13.63B | $13.97B | $14.20B | $13.79B |
| Cost of revenue | — | — | — | — | — | $10.09B | $11.41B | $11.59B | $11.83B | $11.34B |
| Gross profit | — | — | — | — | — | $1.56B | $2.22B | $2.38B | $2.37B | $2.45B |
| R&D | $521.0M | $491.0M | $570.0M | $601.0M | $619.0M | $549.0M | $647.0M | $643.0M | $634.0M | $677.0M |
| SG&A | $1.17B | $1.16B | $1.23B | $1.19B | $1.22B | $1.04B | $1.15B | $1.27B | $1.33B | $1.32B |
| Interest expense | $126.0M | $97.0M | $77.0M | $107.0M | $142.0M | $166.0M | $171.0M | $166.0M | $174.0M | $174.0M |
| Pre-tax income | $1.14B | $943.0M | $1.09B | $1.02B | $873.0M | $282.0M | $942.0M | $1.38B | $762.0M | $876.0M |
| Income tax | $214.0M | $118.0M | $165.0M | $154.0M | $126.0M | $27.0M | $127.0M | $162.0M | $456.0M | $33.0M |
| Net income | $921.0M | $824.0M | $921.0M | $861.0M | $746.0M | $309.0M | $815.0M | $1.22B | $307.0M | $962.0M |
| EPS, basic | 5.15 | 4.38 | 4.61 | 4.05 | 3.33 | — | — | 4.88 | 1.15 | 3.55 |
| EPS, diluted | 5.11 | 4.33 | 4.56 | 4.01 | 3.30 | — | — | 4.83 | 1.14 | 3.53 |
| Shares, diluted (wtd. avg.) | 180.3M | 190.3M | 201.8M | 215.0M | 226.5M | 229.0M | 232.7M | 253.2M | 268.8M | 272.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.02B | $1.44B | $2.18B | $2.04B | $2.12B | $2.25B | $1.36B | $1.11B | $1.26B | $1.30B |
| Inventory | $4.28B | $4.07B | $3.91B | $3.55B | $3.47B | $3.51B | $4.07B | $3.82B | $4.15B | $4.46B |
| Property, plant and equipment | — | — | $2.48B | $2.52B | $2.54B | $2.52B | $2.53B | $2.62B | $2.72B | $2.58B |
| Other intangibles | $338.0M | $362.0M | $399.0M | $461.0M | $438.0M | $489.0M | $589.0M | $658.0M | $765.0M | $767.0M |
| Total assets | $18.13B | $16.84B | $16.86B | $16.29B | $15.83B | $15.44B | $15.02B | $14.26B | $15.34B | $15.36B |
| Total liabilities | $10.25B | $9.63B | $9.87B | $9.18B | $9.01B | $9.60B | $9.50B | $9.07B | $9.69B | $9.78B |
| Retained earnings | $5.78B | $5.61B | $5.86B | $5.90B | $5.87B | $5.97B | $5.68B | $5.41B | $5.37B | $5.55B |
| Total equity | $7.88B | $7.20B | $6.99B | $7.11B | $6.82B | $5.84B | $5.52B | $5.19B | $5.65B | $5.57B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.31B | $1.01B | $1.27B | $1.49B | $1.60B | $768.0M | $1.01B | $1.11B | $936.0M | $925.0M |
| Depreciation and amortisation | $401.0M | $382.0M | $395.0M | $397.0M | $390.0M | $391.0M | $416.0M | $437.0M | $447.0M | $449.0M |
| Capital expenditure | $383.0M | $364.0M | $402.0M | $354.0M | $375.0M | $317.0M | $339.0M | $369.0M | $423.0M | $446.0M |
| Investing cash flow | -$207.0M | -$284.0M | -$317.0M | -$447.0M | -$281.0M | -$248.0M | -$266.0M | $620.0M | -$645.0M | -$436.0M |
| Financing cash flow | -$543.0M | -$1.45B | -$813.0M | -$1.09B | -$1.45B | $360.0M | -$502.0M | -$1.86B | -$360.0M | -$168.0M |
| Dividends paid | $18.0M | $12.0M | $16.0M | $17.0M | $18.0M | $18.0M | $18.0M | $20.0M | $21.0M | $22.0M |
| Buybacks | $822.0M | $1.12B | $1.17B | $867.0M | $921.0M | $183.0M | $503.0M | $1.78B | $582.0M | $241.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000217346-26-000006.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.79B | $14.20B | $13.97B | $13.63B | $11.65B | $12.38B | $12.87B | $13.68B | $13.70B | $14.80B |
| Gross profit | $2.45B | $2.37B | $2.38B | $2.22B | $1.56B | — | — | — | — | — |
| Net income | $962.0M | $307.0M | $1.22B | $815.0M | $309.0M | $746.0M | $861.0M | $921.0M | $824.0M | $921.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Other event Item 8.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.