Textron (TXT) reported $14.8B in revenue for fiscal year 2025, up 8.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion recovered with growth in FY2025, while repurchases continued shrinking the share base.
The FY2024 slowdown was more than a profit issue: free cash flow fell to$650M while net income remained$824M , indicating heavier cash absorption by reinvestment or working capital. In FY2025, free cash flow recovered to$929M against$921M of net income, so reported earnings and cash generation were broadly aligned again.
Revenue reached
Balance-sheet capacity expanded alongside the rebound: cash rose to
Financial Health Signals
Textron does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Textron passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Textron generates $1.42 in operating cash flow ($1.3B OCF vs $921.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Textron generated $14.8B in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Textron reported $921.0M in net income in fiscal year 2025. This represents an increase of 11.8% from the prior year.
Textron earned $5.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.0% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Textron generated $929.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 42.9% from the prior year.
Textron held $2.0B in cash as of fiscal year 2025; long-term debt is not reported for that period.
Textron paid $0.08 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Margins & Returns
Textron's net profit margin was 6.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.
Textron's ROE was 11.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Textron invested $521.0M in research and development in fiscal year 2025. This represents an increase of 6.1% from the prior year.
Textron spent $822.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 26.7% from the prior year.
Textron invested $383.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.2% from the prior year.
TXT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.3B | $14.8B+8.0% | $13.7B+0.1% | $13.7B+6.3% | $12.9B+3.9% | $12.4B+6.3% | $11.7B-14.5% | $13.6B-2.4% | $14.0B-1.6% | $14.2B+3.0% | $13.8B+2.7% | $13.4B-3.3% | $13.9B+14.7% | $12.1B-1.1% | $12.2B+8.5% | $11.3B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $10.1B-11.5% | $11.4B-1.6% | $11.6B-2.0% | $11.8B+4.3% | $11.3B+3.3% | $11.0B-3.9% | $11.4B+12.7% | $10.1B+1.1% | $10.0B+7.6% | $9.3B |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | $1.6B-30.0% | $2.2B-6.5% | $2.4B+0.3% | $2.4B-3.3% | $2.5B+0.3% | $2.4B-0.5% | $2.5B+24.5% | $2.0B-11.0% | $2.2B+12.8% | $2.0B |
| R&D Expenses | $488.0M | $521.0M+6.1% | $491.0M-13.9% | $570.0M-5.2% | $601.0M-2.9% | $619.0M+12.8% | $549.0M-15.1% | $647.0M+0.6% | $643.0M+1.4% | $634.0M-6.4% | $677.0M-13.0% | $778.0M+12.1% | $694.0M+6.6% | $651.0M+11.5% | $584.0M+11.2% | $525.0M |
| SG&A Expenses | $1.2B | $1.2B+1.5% | $1.2B-5.6% | $1.2B+3.3% | $1.2B-2.9% | $1.2B+16.8% | $1.0B-9.3% | $1.2B-9.6% | $1.3B-4.4% | $1.3B+1.3% | $1.3B+1.0% | $1.3B-4.2% | $1.4B+20.9% | $1.1B-3.3% | $1.2B-2.5% | $1.2B |
| Interest Expense | -$133.0M | -$126.0M-29.9% | -$97.0M-26.0% | -$77.0M+28.0% | -$107.0M-175.4% | $142.0M-14.5% | $166.0M-2.9% | $171.0M+3.0% | $166.0M-4.6% | $174.0M0.0% | $174.0M+3.0% | $169.0M-11.5% | $191.0M+10.4% | $173.0M-18.4% | $212.0M-13.8% | $246.0M |
| Income Tax | $227.0M | $214.0M+81.4% | $118.0M-28.5% | $165.0M+7.1% | $154.0M+22.2% | $126.0M+566.7% | -$27.0M-121.3% | $127.0M-21.6% | $162.0M-64.5% | $456.0M+1281.8% | $33.0M-87.9% | $273.0M+10.1% | $248.0M+40.9% | $176.0M-32.3% | $260.0M+173.7% | $95.0M |
| Net Income | $937.0M | $921.0M+11.8% | $824.0M-10.5% | $921.0M+7.0% | $861.0M+15.4% | $746.0M+141.4% | $309.0M-62.1% | $815.0M-33.3% | $1.2B+298.0% | $307.0M-68.1% | $962.0M+38.0% | $697.0M+16.2% | $600.0M+20.5% | $498.0M-15.4% | $589.0M+143.4% | $242.0M |
| EPS (Diluted) | — | $5.11+18.0% | $4.33-5.0% | $4.56+13.7% | $4.01+21.5% | $3.30+144.4% | $1.35-61.4% | $3.50-27.5% | $4.83+323.7% | $1.14-67.7% | $3.53+41.2% | $2.50+17.4% | $2.13+21.7% | $1.75-12.5% | $2.00+153.2% | $0.79 |
Not reported in any period shown, so not listed: Operating Income.
TTM is the trailing twelve months, Q3 FY2026 through Q2 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TXT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $18.1B+7.7% | $16.8B-0.1% | $16.9B+3.5% | $16.3B+2.9% | $15.8B+2.5% | $15.4B+2.8% | $15.0B+5.3% | $14.3B-7.0% | $15.3B-0.1% | $15.4B+4.4% | $14.7B+0.7% | $14.6B+12.8% | $12.9B-0.7% | $13.0B-4.3% | $13.6B |
| Cash & Equivalents | $2.0B+40.5% | $1.4B-33.9% | $2.2B+7.2% | $2.0B-3.9% | $2.1B-6.1% | $2.3B+66.1% | $1.4B+22.6% | $1.1B-12.3% | $1.3B-2.8% | $1.3B+29.2% | $1.0B+22.3% | $822.0M-32.1% | $1.2B-14.3% | $1.4B+59.7% | $885.0M |
| Inventory | $4.3B+5.1% | $4.1B+4.0% | $3.9B+10.3% | $3.5B+2.4% | $3.5B-1.3% | $3.5B-13.7% | $4.1B+6.6% | $3.8B-8.0% | $4.2B-7.0% | $4.5B+7.7% | $4.1B+5.5% | $3.9B+32.6% | $3.0B+9.3% | $2.7B+12.9% | $2.4B |
| Total Liabilities | $10.3B+6.4% | $9.6B-2.4% | $9.9B+7.5% | $9.2B+1.9% | $9.0B-6.1% | $9.6B+1.0% | $9.5B+4.7% | $9.1B-6.4% | $9.7B-0.9% | $9.8B+0.4% | $9.7B-5.7% | $10.3B+20.7% | $8.6B-14.8% | $10.0B-7.6% | $10.9B |
| Total Equity | $7.9B+9.3% | $7.2B+3.1% | $7.0B-1.8% | $7.1B+4.4% | $6.8B+16.6% | $5.8B+5.9% | $5.5B+6.3% | $5.2B-8.1% | $5.6B+1.3% | $5.6B+12.3% | $5.0B+16.2% | $4.3B-2.6% | $4.4B+46.6% | $3.0B+9.0% | $2.7B |
| Retained Earnings | $5.8B+3.2% | $5.6B-4.4% | $5.9B-0.7% | $5.9B+0.6% | $5.9B-1.7% | $6.0B+5.1% | $5.7B+5.1% | $5.4B+0.7% | $5.4B-3.2% | $5.5B+4.7% | $5.3B+14.6% | $4.6B+14.3% | $4.0B+5.8% | $3.8B+17.4% | $3.3B |
Not reported in any period shown, so not listed: Current Assets, Accounts Receivable, Goodwill, Current Liabilities, Long-Term Debt.
TXT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B | $1.3B+29.4% | $1.0B-19.9% | $1.3B-14.9% | $1.5B-6.9% | $1.6B+108.1% | $768.0M-24.3% | $1.0B-8.4% | $1.1B+18.3% | $936.0M+1.2% | $925.0M-15.1% | $1.1B-9.8% | $1.2B+49.1% | $810.0M-12.6% | $927.0M-12.8% | $1.1B |
| Capital Expenditures | $477.0M | $383.0M+5.2% | $364.0M-9.5% | $402.0M+13.6% | $354.0M-5.6% | $375.0M+18.3% | $317.0M-6.5% | $339.0M-8.1% | $369.0M-12.8% | $423.0M-5.2% | $446.0M+6.2% | $420.0M-2.1% | $429.0M-3.4% | $444.0M-7.5% | $480.0M+13.5% | $423.0M |
| Free Cash Flow | $759.0M | $929.0M+42.9% | $650.0M-24.8% | $864.0M-23.8% | $1.1B-7.3% | $1.2B+171.2% | $451.0M-33.2% | $675.0M-8.5% | $738.0M+43.9% | $513.0M+7.1% | $479.0M-28.5% | $670.0M-14.0% | $779.0M+112.8% | $366.0M-18.1% | $447.0M-30.2% | $640.0M |
| Investing Cash Flow | -$417.0M | -$207.0M+27.1% | -$284.0M+10.4% | -$317.0M+29.1% | -$447.0M-59.1% | -$281.0M-13.3% | -$248.0M+6.8% | -$266.0M-142.9% | $620.0M+196.1% | -$645.0M-47.9% | -$436.0M-12.4% | -$388.0M+79.8% | -$1.9B-626.9% | -$264.0M-169.8% | $378.0M-55.2% | $843.0M |
| Financing Cash Flow | -$642.0M | -$543.0M+62.7% | -$1.5B-78.8% | -$813.0M+25.5% | -$1.1B+24.6% | -$1.4B-501.7% | $360.0M+171.7% | -$502.0M+73.1% | -$1.9B-417.8% | -$360.0M-114.3% | -$168.0M+66.7% | -$504.0M-250.4% | $335.0M+145.1% | -$742.0M+5.0% | -$781.0M+60.0% | -$2.0B |
| Dividends Paid | $18.0M | $18.0M+50.0% | $12.0M-25.0% | $16.0M-5.9% | $17.0M-5.6% | $18.0M0.0% | $18.0M0.0% | $18.0M-10.0% | $20.0M-4.8% | $21.0M-4.5% | $22.0M0.0% | $22.0M-21.4% | $28.0M+27.3% | $22.0M+29.4% | $17.0M-22.7% | $22.0M |
| Share Buybacks | $770.0M | $822.0M-26.7% | $1.1B-3.9% | $1.2B+34.7% | $867.0M-5.9% | $921.0M+403.3% | $183.0M-63.6% | $503.0M-71.8% | $1.8B+206.4% | $582.0M+141.5% | $241.0M+10.0% | $219.0M-35.6% | $340.0M | N/A | $272.0M | N/A |
TTM is the trailing twelve months, Q3 FY2026 through Q2 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TXT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 13.4%-3.0pp | 16.3%-0.7pp | 17.0%+0.3pp | 16.7%-1.1pp | 17.8%-0.4pp | 18.2%+0.5pp | 17.7%+1.4pp | 16.3%-1.8pp | 18.1%+0.7pp | 17.4% |
| Net Margin | 6.2%+0.2pp | 6.0%-0.7pp | 6.7%0.0pp | 6.7%+0.7pp | 6.0%+3.4pp | 2.6%-3.3pp | 6.0%-2.8pp | 8.8%+6.6pp | 2.2%-4.8pp | 7.0%+1.8pp | 5.2%+0.9pp | 4.3%+0.2pp | 4.1%-0.7pp | 4.8%+2.7pp | 2.1% |
| Return on Equity | 11.7%+0.3pp | 11.4%-1.7pp | 13.2%+1.1pp | 12.1%+1.1pp | 10.9%+5.7pp | 5.3%-9.5pp | 14.8%-8.8pp | 23.5%+18.1pp | 5.4%-11.8pp | 17.3%+3.2pp | 14.0%0.0pp | 14.0%+2.7pp | 11.4%-8.3pp | 19.7%+10.9pp | 8.8% |
| Return on Assets | 5.1%+0.2pp | 4.9%-0.6pp | 5.5%+0.2pp | 5.3%+0.6pp | 4.7%+2.7pp | 2.0%-3.4pp | 5.4%-3.1pp | 8.6%+6.6pp | 2.0%-4.3pp | 6.3%+1.5pp | 4.7%+0.6pp | 4.1%+0.3pp | 3.9%-0.7pp | 4.5%+2.7pp | 1.8% |
| Debt-to-Equity | 1.300.0x | 1.34-0.1x | 1.41+0.1x | 1.290.0x | 1.32-0.3x | 1.64-0.1x | 1.720.0x | 1.750.0x | 1.720.0x | 1.76-0.2x | 1.96-0.5x | 2.42+0.5x | 1.95-1.4x | 3.36-0.6x | 3.96 |
| FCF Margin | 6.3%+1.5pp | 4.7%-1.6pp | 6.3%-2.5pp | 8.8%-1.1pp | 9.9%+6.0pp | 3.9%-1.1pp | 5.0%-0.3pp | 5.3%+1.7pp | 3.6%+0.1pp | 3.5%-1.5pp | 5.0%-0.6pp | 5.6%+2.6pp | 3.0%-0.6pp | 3.6%-2.0pp | 5.7% |
Not reported in any period shown, so not listed: Operating Margin, Current Ratio.
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Frequently Asked Questions
What is Textron's annual revenue?
Textron (TXT) reported $14.8B in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Textron's revenue growing?
Textron (TXT) revenue grew by 8.0% year-over-year, from $13.7B to $14.8B in fiscal year 2025.
Is Textron profitable?
Yes, Textron (TXT) reported a net income of $921.0M in fiscal year 2025, with a net profit margin of 6.2%.
What is Textron's net profit margin?
Textron (TXT) had a net profit margin of 6.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Textron pay dividends?
Yes, Textron (TXT) paid $0.08 per share in dividends during fiscal year 2025.
What is Textron's return on equity (ROE)?
Textron (TXT) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Textron's free cash flow?
Textron (TXT) generated $929.0M in free cash flow during fiscal year 2025. This represents a 42.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Textron's operating cash flow?
Textron (TXT) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Textron's total assets?
Textron (TXT) had $18.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Textron's capital expenditures?
Textron (TXT) invested $383.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Textron spend on research and development?
Textron (TXT) invested $521.0M in research and development during fiscal year 2025.
What is Textron's debt-to-equity ratio?
Textron (TXT) had a debt-to-equity ratio of 1.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Textron's return on assets (ROA)?
Textron (TXT) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Textron's Piotroski F-Score?
Textron (TXT) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Textron's earnings high quality?
Textron (TXT) has an earnings quality ratio of 1.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.