NYSE: TXT
Textron
Industrials · Aircraft & Parts
52-week range
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Oct 3, 2026. Hover or tap a column for another year.$13.1B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $13.1B |
| FY2017, ended Dec 30, 2017 | $14.8B |
| FY2018, ended Dec 29, 2018 | $10.7B |
| FY2019, ended Jan 4, 2020 | $10.2B |
| FY2020, ended Jan 2, 2021 | $10.9B |
| FY2021, ended Jan 1, 2022 | $16.7B |
| FY2022, ended Dec 31, 2022 | $14.5B |
| FY2023, ended Dec 30, 2023 | $15.5B |
| FY2024, ended Dec 28, 2024 | $14.1B |
| FY2025, ended Jan 3, 2026 | $15.2B |
| Trailing 12 months to Oct 3, 2026 (through Q3 FY2026) | $13.1B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Oct 3, 2026. Hover or tap a column for another year.$15.4B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $13.8B |
| FY2017, ended Dec 30, 2017 | $14.2B |
| FY2018, ended Dec 29, 2018 | $14.0B |
| FY2019, ended Jan 4, 2020 | $13.6B |
| FY2020, ended Jan 2, 2021 | $11.7B |
| FY2021, ended Jan 1, 2022 | $12.4B |
| FY2022, ended Dec 31, 2022 | $12.9B |
| FY2023, ended Dec 30, 2023 | $13.7B |
| FY2024, ended Dec 28, 2024 | $13.7B |
| FY2025, ended Jan 3, 2026 | $14.8B |
| Trailing 12 months to Oct 3, 2026 (through Q3 FY2026) | $15.4B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Oct 3, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $962M | $479M |
| FY2017, ended Dec 30, 2017 | $307M | $513M |
| FY2018, ended Dec 29, 2018 | $1.22B | $738M |
| FY2019, ended Jan 4, 2020 | $815M | $675M |
| FY2020, ended Jan 2, 2021 | $309M | $451M |
| FY2021, ended Jan 1, 2022 | $746M | $1.22B |
| FY2022, ended Dec 31, 2022 | $861M | $1.13B |
| FY2023, ended Dec 30, 2023 | $921M | $864M |
| FY2024, ended Dec 28, 2024 | $824M | $650M |
| FY2025, ended Jan 3, 2026 | $921M | $929M |
| Trailing 12 months to Oct 3, 2026 (through Q3 FY2026) | $973M | $809M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Oct 3, 2026. Hover or tap a column for another year.$1.70B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.30B |
| FY2017, ended Dec 30, 2017 | $1.26B |
| FY2018, ended Dec 29, 2018 | $1.11B |
| FY2019, ended Jan 4, 2020 | $1.36B |
| FY2020, ended Jan 2, 2021 | $2.25B |
| FY2021, ended Jan 1, 2022 | $2.12B |
| FY2022, ended Dec 31, 2022 | $2.04B |
| FY2023, ended Dec 30, 2023 | $2.18B |
| FY2024, ended Dec 28, 2024 | $1.44B |
| FY2025, ended Jan 3, 2026 | $2.02B |
| Trailing 12 months to Oct 3, 2026 (through Q3 FY2026) | $1.70B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Oct 3, 2026. Hover or tap a column for another year.No figures for this period in the company’s filings.
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 37.3% since 2016.Figures shown are for the trailing 12 months to Oct 3, 2026. Hover or tap a column for another year.169M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 270M |
| FY2017, ended Dec 30, 2017 | 262M |
| FY2018, ended Dec 29, 2018 | 235M |
| FY2019, ended Jan 4, 2020 | 228M |
| FY2020, ended Jan 2, 2021 | 226M |
| FY2021, ended Jan 1, 2022 | 217M |
| FY2022, ended Dec 31, 2022 | 205M |
| FY2023, ended Dec 30, 2023 | 193M |
| FY2024, ended Dec 28, 2024 | 183M |
| FY2025, ended Jan 3, 2026 | 174M |
| Trailing 12 months to Oct 3, 2026 (through Q3 FY2026) | 169M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Oct 3, 2026. Hover or tap a column for another year.Net: $803M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $241M | $71.0M |
| FY2017, ended Dec 30, 2017 | $582M | $77.0M |
| FY2018, ended Dec 29, 2018 | $1.78B | $35.0M |
| FY2019, ended Jan 4, 2020 | $503M | $52.0M |
| FY2020, ended Jan 2, 2021 | $183M | $57.0M |
| FY2021, ended Jan 1, 2022 | $921M | $138M |
| FY2022, ended Dec 31, 2022 | $867M | $66.0M |
| FY2023, ended Dec 30, 2023 | $1.17B | $94.0M |
| FY2024, ended Dec 28, 2024 | $1.12B | $66.0M |
| FY2025, ended Jan 3, 2026 | $822M | $81.0M |
| Trailing 12 months to Oct 3, 2026 (through Q3 FY2026) | $803M | — |
Revenue (TTM)
$15.4B
+8.5% YoY
Net income (TTM)
$973M
+17.7% YoY
Cash
$1.70B
+11.4% YoY
Total debt
—
—
Valuation
At current price- Market Cap
- $14.5B
- P/E
- 14.9×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 0.9×
- Price / Book
- 1.8×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $15.4B
- Revenue Growth YoY
- 8.5%
- Revenue CAGR 3Y
- 4.8%
- Revenue CAGR 5Y
- 4.9%
- EPS Growth YoY
- —. Diluted EPS, TTM vs. TTM a year earlier
- Net Income Growth YoY
- 17.7%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 6.3%
- FCF Margin
- 5.2%
- Return on Equity
- 12.5%
Earnings
Trailing 12 months- Net Income
- $973M
- EPS (diluted)
- $5.55
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Oct 3, 2026- Cash and cash equivalents
- $1.70B
- Total Debt
- —. Short- and long-term borrowings, excluding leases
- Net Cash
- —. Cash − total debt
- Total Assets
- $18.3B
- Total Liabilities
- $10.2B
- Shareholders' Equity
- $8.12B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.31B
- Capital Expenditure
- $503M
- Free Cash Flow
- $809M
Dividends and risk
Last 12 months- Dividend Yield
- 0.1%
- Dividend / Share
- $0.08
- Beta (5Y)
- 0.90
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 8.5% year over year, at $15.4B.
Note
Net margin of 6.3% over the last 12 months.
Note
Free cash flow of $809M, 5.2% of revenue.
Strength
Share count is down 3.9% in a year, from buybacks.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Oct 3, 2026 · filed Oct 29, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2026 · 10-K64Mildly positive
10-K for the fiscal year ended Jan 3, 2026
Filed Feb 11, 2026 · Read the filing on EDGAR
- Revenue rose 8% to $14.8 billion and segment profit rose 14%, helped by Bell's MV-75 military program and Textron Aviation's recovery from the 2024 strike.
- Textron sold its Powersports business in April 2025, which cut Industrial segment revenue, and Specialized Vehicles also saw weaker golf product sales.
- Bell expects a $60 million to $110 million charge when the MV-75's largely fixed-price production phase is awarded, because costs are higher than when it bid.
- Backlog grew 5% to $18.8 billion, and the board approved a new program to buy back up to 25 million shares.
Business momentum
Improving
“Segment profit increased 14%, compared with 2024, largely reflecting higher volume and mix at Textron Aviation.”
Outlook
Neutral
“As the MV-75 program continues to accelerate, we expect that we will be awarded the long-lead Low-Rate Initial Production (LRIP) phase of the contract in late 2026 or early 2027.”
Financial stress
Low
“We expect to have sufficient cash to meet our needs based on our existing cash balances, the cash we expect to generate from our manufacturing operations and the availability of our existing credit facility.”
Tone against the previous report
More positive
Red flags
- Medium
Other
“Upon award of the LRIP option, which is largely fixed price, we expect to record an unfavorable cumulative catch-up program adjustment, reflecting higher costs than originally anticipated from when the program was bid, in the range of $60 million to $110 million.”
Positives
Textron Aviation rebounded strongly after the strike, with more deliveries and higher profit
“Textron Aviation’s segment profit increased $128 million, 23%, in 2025, compared with 2024, largely due to higher volume and mix and a favorable impact from manufacturing efficiencies”
Backlog reached a higher level, led by Textron Systems and Bell
“Our backlog increased 5% in 2025 to $18.8 billion, which included a $710 million increase at the Textron Systems segment and a $326 million increase at the Bell segment.”
Operating cash flow improved, funding large share buybacks
“Cash flows from operating activities were $1.3 billion in 2025, compared with $1.0 billion in 2024.”
Concerns
Bell's profit slipped despite 20% revenue growth, as lower-margin MV-75 work grew
“Bell's profit margin decreased 180 basis points, largely reflecting higher volume on lower margin MV-75 development activities and higher research and development costs.”
Specialized Vehicles sales fell on the Powersports sale and weaker golf products
“Textron Specialized Vehicles' revenues decreased $294 million, 18%, largely reflecting a $195 million impact from the disposition of the Powersports business in April 2025”
Inflation and higher debt are raising costs
“In 2025, interest expense, net increased $29 million, 30%, compared with 2024, primarily due to higher average debt outstanding and lower interest income.”
New risks since the previous report
Growing reliance on the MV-75 program's funding
“In particular, a material reduction or delay in funding of the MV-75 program could have a material adverse effect on our cash flows, results of operations and financial condition.”
Executive Order could limit defense contractors' dividends and buybacks
“the recently issued Executive Order relating to underperformance of U.S. defense contracts, investment in defense production capacity and possible limitations on dividends and share buybacks”
2026 USMCA review could end preferential tariff treatment for aircraft parts
“In 2026, the USMCA is subject to a mandatory six-year joint review, during which the United States, Canada, and Mexico will assess whether the agreement continues to serve their respective economic and strategic interests.”
New U.S. tariffs affect businesses sourcing outside North America, though not materially so far
“These businesses have been and will continue to be impacted by these imposed U.S. tariffs.”
Biggest risks named
- Cuts or delays in U.S. defense funding, especially the MV-75 program
- Cyclical demand for business jets and commercial helicopters
- Cost overruns on fixed-price government contracts
- Tariffs and the 2026 USMCA review
- Supplier shortages and delays disrupting production
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −1.8 | |
| New risks | −2 | |
| Score | 64 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 29, 2026 | Pro | |||
| 10-K | Feb 11, 2026 | 64 | Improving | 1 medium | |
| 10-K | Feb 6, 2025 | 51 | Mixed | 1 medium1 minor | |
| 10-K | Feb 12, 2024 | 67 | Improving | None | |
| 10-K | Feb 16, 2023 | 64 | Improving | None | |
| 10-K | Feb 17, 2022 | 72 | Strong improvement | None | |
| 10-K | Feb 19, 2021 | 38 | Sharp deterioration | 1 medium | |
| 10-K | Feb 25, 2020 | 55 | Stable | 1 medium1 minor | |
| 10-K | Feb 14, 2019 | 66 | Improving | 1 minor | |
| 10-K | Feb 15, 2018 | 54 | Mixed | 1 minor |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Oct 3, 2026), filed Oct 29, 2026. View filings on SEC EDGAR