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Textron Financials

TXT
FY2025 annual
Revenue $14.8B +8.0% YoY
Net Income $921.0M +11.8% YoY
EPS (Diluted) $5.11 +18.0% YoY
Free Cash Flow $929.0M +42.9% YoY
Source SEC Filings (10-K/10-Q) Data as of Jul 4, 2026 Currency USD FYE January

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).

Rhea AI TXT FY2025

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 $14.8B in FY2025, and net margin improved from 6.0% to 6.2% after FY2024; the rebound looks like renewed volume or mix momentum with modest margin recovery, not a dramatic cost transformation. Operating cash flow also rose from $1.0B to $1.3B, reinforcing the recovery.

Balance-sheet capacity expanded alongside the rebound: cash rose to $2.0B while debt-to-equity eased to 1.3x from 1.4x in FY2023. Repurchases still reduced shares outstanding from $182.6M to $174.2M over FY2024-FY2025, making per-share results partly a capital-allocation effect rather than an earnings-only effect.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

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.

Piotroski F-Score Partial
6/6

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.

Earnings Quality Cash-Backed
1.42x

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

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Earnings & Revenue

Revenue
$14.8B
YoY+8.0%
5Y CAGR+4.9%
10Y CAGR+1.0%

Textron generated $14.8B in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.

Net Income
$921.0M
YoY+11.8%
5Y CAGR+24.4%
10Y CAGR+2.8%

Textron reported $921.0M in net income in fiscal year 2025. This represents an increase of 11.8% from the prior year.

EPS (Diluted)
$5.11
YoY+18.0%
5Y CAGR+30.5%
10Y CAGR+7.4%

Textron earned $5.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.0% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
$929.0M
YoY+42.9%
5Y CAGR+15.5%
10Y CAGR+3.3%

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.

Cash & Debt
$2.0B
YoY+40.5%
5Y CAGR-2.1%
10Y CAGR+7.3%

Textron held $2.0B in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share
$0.08
YoY0.0%
5Y CAGR0.0%
10Y CAGR0.0%

Textron paid $0.08 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding
174M
YoY-4.6%
5Y CAGR-5.1%
10Y CAGR-4.3%

Textron had 174M shares outstanding in fiscal year 2025. This represents a decrease of 4.6% from the prior year.

Margins & Returns

Net Margin
6.2%
YoY+0.2pp
5Y CAGR+3.6pp
10Y CAGR+1.0pp

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.

Return on Equity
11.7%
YoY+0.3pp
5Y CAGR+6.4pp
10Y CAGR-2.3pp

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.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

R&D Spending
$521.0M
YoY+6.1%
5Y CAGR-1.0%
10Y CAGR-3.9%

Textron invested $521.0M in research and development in fiscal year 2025. This represents an increase of 6.1% from the prior year.

Share Buybacks
$822.0M
YoY-26.7%
5Y CAGR+35.0%
10Y CAGR+14.1%

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.

Capital Expenditures
$383.0M
YoY+5.2%
5Y CAGR+3.9%
10Y CAGR-0.9%

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.

TXT annual income statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
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 RevenueN/AN/AN/AN/AN/AN/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 ProfitN/AN/AN/AN/AN/AN/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.

TXT annual balance sheet
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
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.

TXT annual cash flow statement
MetricTTMFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
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%$340.0MN/A$272.0MN/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.

TXT annual financial ratios
MetricFY25FY24FY23FY22FY21FY20FY19FY18FY17FY16FY15FY14FY13FY12FY11
Gross MarginN/AN/AN/AN/AN/A13.4%-3.0pp16.3%-0.7pp17.0%+0.3pp16.7%-1.1pp17.8%-0.4pp18.2%+0.5pp17.7%+1.4pp16.3%-1.8pp18.1%+0.7pp17.4%
Net Margin6.2%+0.2pp6.0%-0.7pp6.7%0.0pp6.7%+0.7pp6.0%+3.4pp2.6%-3.3pp6.0%-2.8pp8.8%+6.6pp2.2%-4.8pp7.0%+1.8pp5.2%+0.9pp4.3%+0.2pp4.1%-0.7pp4.8%+2.7pp2.1%
Return on Equity11.7%+0.3pp11.4%-1.7pp13.2%+1.1pp12.1%+1.1pp10.9%+5.7pp5.3%-9.5pp14.8%-8.8pp23.5%+18.1pp5.4%-11.8pp17.3%+3.2pp14.0%0.0pp14.0%+2.7pp11.4%-8.3pp19.7%+10.9pp8.8%
Return on Assets5.1%+0.2pp4.9%-0.6pp5.5%+0.2pp5.3%+0.6pp4.7%+2.7pp2.0%-3.4pp5.4%-3.1pp8.6%+6.6pp2.0%-4.3pp6.3%+1.5pp4.7%+0.6pp4.1%+0.3pp3.9%-0.7pp4.5%+2.7pp1.8%
Debt-to-Equity1.300.0x1.34-0.1x1.41+0.1x1.290.0x1.32-0.3x1.64-0.1x1.720.0x1.750.0x1.720.0x1.76-0.2x1.96-0.5x2.42+0.5x1.95-1.4x3.36-0.6x3.96
FCF Margin6.3%+1.5pp4.7%-1.6pp6.3%-2.5pp8.8%-1.1pp9.9%+6.0pp3.9%-1.1pp5.0%-0.3pp5.3%+1.7pp3.6%+0.1pp3.5%-1.5pp5.0%-0.6pp5.6%+2.6pp3.0%-0.6pp3.6%-2.0pp5.7%

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%.

Textron (TXT) reported diluted earnings per share of $5.11 for fiscal year 2025. This represents a 18.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

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.

Yes, Textron (TXT) paid $0.08 per share in dividends during fiscal year 2025.

Textron (TXT) has a return on equity of 11.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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.

Textron (TXT) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Textron (TXT) had $18.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Textron (TXT) invested $383.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Textron (TXT) invested $521.0M in research and development during fiscal year 2025.

Yes, Textron (TXT) spent $822.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Textron (TXT) had 174M shares outstanding as of fiscal year 2025.

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.

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.

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.

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.

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