— Know what they know.
/
Not Investment Advice

TXT

NYSE · USD
Textron Inc.
Industrials · Aerospace & Defense
CEO Lisa Atherton Employees 34,000 R&D / revenue 3.5%
Last price
$75.93+1.04%last session
Market cap
$13.1B
P/E (TTM)
14.3x
From 52w high
−25.2%
From 52w low
+5.6%
1-year return
−6.9%
RSI 14 · vs SMA200
45.4 · −14.5%
IS score
48.1/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

TXT   SPY   XLI (sector ETF) · weekly closes
90100110120Jan 26Apr 26Jul 26Oct 26SPY 116XLI 111TXT 93

Score DNA

Each bar is a 0-100 score within the scored universe
29
Profitability
41
Growth
59
Value
71
Momentum
65
Risk (safety)
73
Quality
74
Balance sheet
84
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ FCF yield 5%+✓ Insider buying✓ Congress buying
Warnings
None of the computed warning flags fires for TXT (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Cost AdvantagePiotroski 8 / 9Altman Z 2.8Beta 0.904 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
1
$0.99M bought
Form 144 notices (12m): 5, $27.5M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-03-27
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
0
97 new holders, 87 closed
793 filers hold 93.4% · 280 added, 268 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+114
738 funds adding shares
624 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
73.7%
20-day avg 61.7%, 50-day avg 61.0%
Latest 12.0 pp over its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$14.8B
Revenue growth YoY0.0%
Gross margin18.2%
Operating income$1.0B
Operating margin6.8%
Net income$921.0M
Net margin6.2%
EPS (diluted)$5.11
Cash flow
Operating cash flow$1.3B
Capital expenditure$384.0M
Free cash flow$884.0M
FCF conversion (FCF / OCF)69.7%
Stock-based compensation$0
FCF less SBC$884.0M
Buybacks$1.1B
Dividends$19.0M
Balance sheet & returns
Cash & short-term investments$2.0B
Total debt$3.9B
Net debt$1.9B
Shareholders' equity$7.9B
Goodwill & intangibles$2.7B
Debt / equity0.47
ROE (TTM)11.9%
ROIC (TTM)7.4%
Operating margin by fiscal year
4.9%FY20216.9%FY20226.8%FY20237.7%FY202411.9%FY2026
Revenue $12.4B (FY2022) to $14.8B (FY2026), a 4.6% CAGR.

Valuation

P/E (TTM)14.3x
EV / EBITDA9.1x
Price / sales0.85x
Price / FCF17.2x
FCF yield5.81%
Buyback yield8.25%
SBC / revenue0.0%
Price / book1.62x
Forward P/E FY202611.1x
Forward P/E FY202711.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $93.00 across 3 analysts last quarter is theirs, not ours.

TXT vs industry median

197 companies in Aerospace & Defense
Gross margin 16.5% 22.1% Operating margin 8.3% 4.5% Net margin 6.1% 1.2% ROIC 7.4% 7.2%
TXT (TTM)Industry median Asset turnover 0.84 vs industry 0.57 · financial leverage 2.25

Earnings delivery

Next report 2026-10-29 · consensus EPS $1.43
83%
beat rate, 10 of 12 quarters
+5.0%
median EPS surprise
7
longest beat streak
+17+5-2+4-6+6+12+7+6+2+12+5
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-07-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
TXT Textron Inc. $13.1B14.3x11.9%6.1%0.0% −6.9%
BWXT BWX Technologies, Inc. $12.6B35.3x28.2%9.9%+22.7% −34.4%
HII Huntington Ingalls Industrie $10.7B16.2x13.0%6.1%+14.0% −3.4%
FTAI FTAI Aviation Ltd. $16.9B35.3x174.5%13.1%+44.5% −2.9%
DRS Leonardo DRS, Inc. $9.5B29.5x11.9%9.4%+10.5% −10.3%
CW Curtiss-Wright Corporation $18.6B34.4x19.7%16.4%+10.5% —
WWD Woodward, Inc. $19.4B35.5x22.3%13.2%+22.3% —
KTOS Kratos Defense & Security So $7.6B235.1x1.1%1.0%+25.5% —
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.

Recent 8-K filings

2026-07-28Earnings Release; Exhibits
2026-05-01Shareholder Vote
2026-04-30Earnings Release; Regulation FD; Other Events; Exhibits
2026-02-02Departure/Election of Directors; Appointment of Officers
2026-01-28Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-10-31Other Events; Financial Statements and Exhibits

Context

Shares outstanding171,987,000
Free float99.2%
Institutional ownership93.4%
Beta0.90
Dividend yield0.11%
Last dividend$0.02 on 2026-09-11
50 / 200-day average$80.50 / $88.95
Large-cap Industrials median P/E29.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where TXT sits among 56 scored companies in Aerospace & Defense (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureTXTIndustry medianIndustry percentileSector median
P/E (TTM) 13.9x 33.9x
0th		 25.4x
PEG (P/E ÷ 3-yr EPS CAGR) 3.34 1.76
79th		 1.42
Price / sales 0.8x 4.3x
5th		 2.0x
Price / book 1.6x 3.6x
13th		 2.9x
Price / tangible book 2.7x 9.3x
17th		 5.6x
Price / free cash flow 12.9x 32.5x
9th		 20.8x
Price / operating cash flow 8.2x 29.1x
3rd		 14.5x
Enterprise value $15.3B $6.6B
67th		 $4.8B
EV / sales 1.0x 4.1x
5th		 2.4x
EV / EBITDA 9.3x 20.6x
2nd		 13.6x
EV / EBIT 12.4x 25.7x
0th		 19.9x
EV / free cash flow 15.1x 40.0x
9th		 24.3x
Earnings yield 7.2% 2.2%
100th		 3.3%
FCF yield 7.8% 2.0%
95th		 3.8%
Operating cash flow yield 12.2% 2.7%
98th		 6.2%
Graham number (per share) $75.83 $48.57
68th		 $38.21

Profitability (TTM)

MeasureTXTIndustry medianIndustry percentileSector median
Gross margin 16.5% 26.5%
22nd		 30.5%
EBITDA margin 10.4% 12.4%
38th		 14.3%
Operating margin 9.4% 9.6%
43rd		 9.8%
EBIT margin 7.8% 9.6%
42nd		 9.9%
Net margin 5.9% 6.1%
47th		 6.0%
NOPAT margin 7.8% 7.9%
49th		 7.8%
FCF margin 6.4% 5.6%
55th		 7.0%
Operating cash flow margin 10.0% 8.6%
55th		 11.2%
R&D / revenue —
SG&A / revenue 7.7% 13.7%
25th		 14.1%
Stock comp / revenue 0.0% 0.7%
0th		 0.6%
Effective tax rate 16.7% 21.0%
25th		 21.0%

Returns on capital

MeasureTXTIndustry medianIndustry percentileSector median
ROE (on average equity) 11.8% 10.8%
55th		 11.9%
ROA 5.2% 4.5%
58th		 4.8%
ROIC 12.1% 8.1%
67th		 8.7%
ROCE 9.1% 8.8%
53rd		 9.4%
Return on tangible assets 6.8% 6.7%
53rd		 7.9%
Cash ROIC (OCF / invested capital) 15.5% 9.6%
70th		 12.8%
Gross profitability (GP / assets) 13.1% 14.6%
38th		 19.2%
ROIC, 3-yr average 9.3% 8.7%
62nd		 7.8%
ROIC, 5-yr average 10.1% 8.3%
63rd		 8.6%
ROE, 5-yr average 12.2% 9.5%
66th		 12.5%
Incremental ROIC -154.8% 27.1%
4th		 20.5%

Growth

MeasureTXTIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 2.0% 20.7%
4th		 8.6%
Revenue growth (QoQ) 3.6% 10.2%
24th		 9.9%
Revenue CAGR, 3 yr 5.6% 13.7%
22nd		 5.0%
Revenue CAGR, 5 yr 3.8% 12.1%
14th		 8.3%
Gross profit CAGR, 3 yr 0.6% 13.8%
12th		 6.5%
Operating income CAGR, 3 yr 14.3% 21.0%
38th		 6.4%
Net income growth (TTM YoY) 0.0% 32.1%
6th		 11.3%
Net income CAGR, 3 yr 0.4% 19.1%
20th		 6.6%
EPS growth (TTM YoY) 4.8% 31.8%
8th		 13.3%
EPS CAGR, 3 yr 4.2% 18.5%
27th		 5.6%
EPS CAGR, 5 yr 4.1% 16.4%
31st		 8.3%
FCF growth (TTM YoY) -30.8% 34.1%
10th		 14.7%
FCF CAGR, 3 yr 31.8% 20.0%
68th		 12.2%
Operating cash flow CAGR, 3 yr 30.0% 22.9%
59th		 8.8%
Book value CAGR, 3 yr 6.5% 10.5%
39th		 7.3%
Dividend CAGR, 3 yr 2.1% 2.5%
41st		 2.7%
Sustainable growth rate 11.5% 11.5%
50th		 11.0%

Margin history & stability

MeasureTXTIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 16.2% 26.2%
20th		 30.6%
Operating margin, 3-yr average 9.0% 9.0%
50th		 10.0%
Net margin, 3-yr average 6.2% 6.3%
48th		 6.2%
FCF margin, 3-yr average 7.5% 6.0%
59th		 7.1%
Revenue stability (0-1) 0.91 0.91
52nd		 0.81
Earnings stability (0-1) 0.49 0.56
42nd		 0.47
Margin stability (0-1) 0.90 0.88
64th		 0.90

Liquidity (latest quarter)

MeasureTXTIndustry medianIndustry percentileSector median
Cash & short-term investments $1.6B $337.2M
85th		 $249.6M
Net cash (− = net debt) −$2.2B −$747.7M
29th		 −$666.5M
Working capital $4.0B $878.9M
93rd		 $376.4M
Current ratio 1.86 2.57
31st		 1.79
Quick ratio 0.85 1.57
7th		 1.33
Cash ratio (cash + ST investments / current liabilities) 0.34 0.34
51st		 0.32
Defensive interval (days) 1,258 days 960 days
70th		 614 days

Leverage & solvency (latest quarter)

MeasureTXTIndustry medianIndustry percentileSector median
Total debt $3.8B $917.3M
82nd		 $919.8M
Debt / equity 0.47 0.52
40th		 0.65
Net debt / equity 0.27 0.34
45th		 0.46
Debt / assets 21.0% 24.3%
36th		 29.3%
Debt / capital 32.1% 34.0%
40th		 39.5%
Debt / EBITDA 2.31 2.38
48th		 2.44
Net debt / EBITDA 1.34 1.88
33rd		 1.86
Interest coverage (EBIT / interest) 15.2x 5.1x
85th		 5.0x
Cash interest coverage 19.6x 5.6x
90th		 6.1x
Debt payback (years of OCF) 2.4 yrs 3.1 yrs
41st		 3.2 yrs
Liabilities / assets 55.6% 52.4%
58th		 56.7%
IS credit model rating A — —
Implied credit spread (bps) 150 175
35th		 200

Efficiency

MeasureTXTIndustry medianIndustry percentileSector median
Asset turnover 0.88 0.62
75th		 0.75
Fixed asset turnover 6.18 5.00
61st		 5.14
Inventory turnover 3.0 3.6
34th		 5.0
Receivables turnover 14.0 6.6
91st		 6.7
Days sales outstanding 26 days 56 days
11th		 54 days
Days inventory outstanding 122 days 103 days
66th		 72 days
Days payables outstanding 32 days 39 days
36th		 41 days
Cash conversion cycle (days) 115 days 104 days
56th		 63 days
Capex / revenue 3.6% 3.6%
51st		 3.0%
Capex / depreciation 1.39 1.14
61st		 0.76
Operating expense ratio 11.2% 16.0%
25th		 17.7%

Cash flow & earnings quality

MeasureTXTIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.69 1.31
77th		 1.50
FCF / net income 1.08 0.87
59th		 1.15
FCF / operating cash flow 63.8% 72.4%
24th		 74.0%
Capex / operating cash flow 36.2% 27.6%
76th		 26.1%
Accruals ratio -3.6% -2.8%
36th		 -4.0%
Sloan accruals ratio -0.3% -0.3%
51st		 -2.4%
Earnings quality score (0-1) 1.00 1.00
49th		 1.00

Dividends & buybacks

MeasureTXTIndustry medianIndustry percentileSector median
Dividend yield 0.1% 0.0%
56th		 0.6%
Dividend per share (TTM) $0.08 $0.00
53rd		 $0.44
Payout ratio (dividends / net income) 2.2% 13.6%
28th		 22.5%
Dividends / FCF 2.1% 15.3%
31st		 19.6%
Dividend growth (YoY) 0.1% 8.9%
17th		 5.6%
Buyback yield 5.8% 0.0%
100th		 0.5%
Shareholder yield (dividends + buybacks) 5.9% 0.7%
96th		 2.0%
Share count change (YoY) -4.6% 0.9%
2nd		 0.0%
Buybacks, last 5 years $4.9B $14.0M
91st		 $76.0M

Scores & forensic checks

MeasureTXTIndustry medianIndustry percentileSector median
IS score 48 55
42nd		 53
IS profitability 29 31
45th		 37
IS growth 41 70
4th		 54
IS value 59 43
95th		 47
IS momentum 71 80
31st		 76
IS risk (safety) 65 100
18th		 80
IS quality 73 65
73rd		 67
IS balance sheet 74 58
80th		 56
IS earnings quality 84 67
98th		 70
IS cash flow 43 44
49th		 54
Piotroski F-score (0-9) 8 6
84th		 6
Altman Z-score 2.8 4.8
25th		 3.3
Beneish M-score −2.10 −2.40
78th		 −2.52
Ohlson O-score −8.27 −7.88
38th		 −7.49
IS credit score 73 69
60th		 65

Per share

MeasureTXTIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $5.46 $1.65
71st		 $2.21
Book value per share $46.84 $14.45
78th		 $18.38
Tangible book per share $33.40 $3.65
91st		 $4.39
Revenue per share $92.31 $29.92
78th		 $36.64
FCF per share $5.89 $1.44
73rd		 $2.70
Operating cash flow per share $9.23 $2.14
78th		 $4.28
Cash per share $9.34 $2.93
85th		 $3.02

Size (TTM)

MeasureTXTIndustry medianIndustry percentileSector median
Market cap $13.1B $6.0B
67th		 $3.9B
Revenue $15.9B $2.0B
87th		 $2.7B
EBITDA $1.6B $252.5M
84th		 $394.8M
Net income $938.0M $85.5M
84th		 $136.3M
Free cash flow $1.0B $80.1M
82nd		 $162.9M
Total assets $18.1B $4.1B
85th		 $3.5B
Shareholders' equity $8.1B $1.6B
89th		 $1.4B
Employees 34,000 4,020
84th		 6,050

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-05-06Clark R Kerry
Director
 Open-market sale 2,517$93.09$234,3088,611
2026-05-01Kennedy Thomas A
Director
 Open-market buy 10,300$95.98$988,59420,162
2026-04-29Zuber Maria T
Director
 Award / grant 2,061——20,558
2026-04-29Nowell Lionel L Iii
Director
 Award / grant 2,061——20,493
2026-04-29Mionis Robert
Director
 Award / grant 2,061——5,176
2026-04-29Mendez Echevarria Maria Cristina
Director
 Award / grant 2,061——2,439
2026-04-29Kennedy Thomas A
Director
 Award / grant 2,061——9,862
2026-04-29James Deborah L
Director
 Award / grant 2,061——20,505
2026-04-29Garrett Michael X
Director
 Award / grant 2,061——8,598
2026-04-29Clark R Kerry
Director
 Award / grant 2,061——11,128
2026-04-29Ambrose Richard F
Director
 Award / grant 2,061——11,302

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMay

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired918,549—
Open-market buyAcquired110,300$988,594
Open-market saleDisposed12,517$234,308
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 5 notices · 277,649 shares · $27.5M
FiledFilerShares proposedEst. proceeds
2026-05-06Clark R Kerry2,517$234,308
2026-02-17Lupone E Robert28,056$2.8M
2026-02-13Atherton Lisa M7,600$749,968
2026-02-13Duffy Julie G19,857$2.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 6 trades (4 purchases) · Senate 2 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-21
2026-03-27Alan ArmstrongSenatePurchase$1,001 - $15,0002026-07-20
2025-12-11Dan NewhouseHousePurchase$1,001 - $15,0002026-01-16
2025-12-11Daniel Milton NewhouseHousePurchase$1,001 - $15,0002026-01-15
2025-12-10Daniel Milton NewhouseHousePurchase$1,001 - $15,0002026-01-15
2025-10-30Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-11-24
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
FMR LLC16,084,547$1.5B9.35%
BlackRock, Inc.15,634,200$1.4B9.09%
VANGUARD CAPITAL MANAGEMENT LLC11,385,818$1.0B6.62%
STATE STREET CORP9,830,439$901.9M5.72%
Invesco Ltd.8,514,210$781.0M4.95%
VANGUARD PORTFOLIO MANAGEMENT LLC7,392,538$678.1M4.30%
GEODE CAPITAL MANAGEMENT, LLC5,085,135$480.6M2.96%
LSV ASSET MANAGEMENT4,595,936$421.6M2.67%
T. Rowe Price Investment Management, Inc.4,364,655$400.4M2.54%
DIMENSIONAL FUND ADVISORS LP2,604,534$238.9M1.51%
PRICE T ROWE ASSOCIATES INC /MD/2,599,185$238.4M1.51%
BRANDES INVESTMENT PARTNERS, LP2,521,792$231.3M1.47%
GOLDMAN SACHS GROUP INC1,836,234$168.4M1.07%
Boston Partners1,824,512$167.4M1.06%
JPMORGAN CHASE & CO1,647,531$148.5M0.96%

Institutional ownership by quarter

2023-092026-0693.4%
% of shares held by 13F filers
2023-092026-06793
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3079393.4%9728026887
2026-03-3179390.5%11128424662
2025-12-3175990.6%14226821956
2025-09-3068789.1%9224320762
2025-06-3066690.9%10224221777
2025-03-3165089.5%8320924486
2024-12-3165990.6%8119227498
2024-09-3069191.4%7122225452
2024-06-3067792.4%6922025795
2024-03-3171094.0%11624422048
2023-12-3165096.0%12821420344
2023-09-3057496.9%8217420162

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-07SCHEDULE 13G/AAbigail P. Johnson10.1%17,336,158
2026-08-06SCHEDULE 13G/AAbigail P. Johnson9.2%16,084,548
2026-05-06SCHEDULE 13GAbigail P. Johnson6.5%11,402,382
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%13,018,492
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.02%$415.1M
VTSAX0.02%$415.1M
VTI0.02%$415.1M
VSMPX0.02%$415.1M
VFFSX0.02%$344.1M
VOO0.02%$344.1M

Share structure

Shares outstanding171,987,000
Float170,680,071
Free float99.2%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$12.4B$12.9B$13.7B$14.8B$14.8B
Cost of revenue$9.7B$10.2B$11.2B$12.3B$12.1B
Gross profit$2.7B$2.7B$2.5B$2.5B$2.7B
R&D$619.0M$601.0M$570.0M$521.0M$521.0M
SG&A$1.2B$1.2B$1.2B$1.2B$1.2B
Operating income$864.0M$883.0M$855.0M$1.2B$1.0B
EBITDA$1.4B$1.5B$1.4B$1.6B$1.7B
Pretax income$873.0M$1.0B$943.0M$1.1B$1.1B
Income tax$126.0M$154.0M$118.0M$214.0M$214.0M
Net income$746.0M$861.0M$824.0M$921.0M$921.0M
EPS, diluted$3.29$4.01$4.33$5.11$5.11
Diluted shares226.5M215.0M201.8M180.3M180.3M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$2.0B$2.2B$1.4B$2.0B$2.0B
Receivables$1.4B$1.5B$1.6B$823.0M$823.0M
Inventory$3.5B$3.9B$4.1B$4.3B$4.3B
Total current assets$8.0B$8.4B$7.8B$8.0B$8.0B
PP&E, net$2.5B$2.5B$2.5B$3.0B$3.0B
Goodwill & intangibles$2.3B$2.3B$2.3B$2.7B$2.7B
Total assets$16.3B$16.9B$16.8B$18.1B$18.1B
Accounts payable$1.0B$1.0B$943.0M$1.2B$1.2B
Total current liabilities$3.7B$4.4B$4.4B$4.4B$4.4B
Long-term debt$3.5B$3.5B$3.2B$3.9B$3.9B
Total liabilities$9.2B$9.9B$9.6B$10.3B$10.3B
Shareholders' equity$7.1B$7.0B$7.2B$7.9B$7.9B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$747.0M$862.0M$922.0M$1.6B$1.6B
Depreciation & amortization$376.0M$392.0M$392.0M$391.0M$401.0M
Stock-based compensation$0$0$0$0$0
Change in working capital$355.0M$355.0M−$287.0M−$121.0M−$121.0M
Operating cash flow$1.6B$1.5B$1.3B$1.3B$1.3B
Capital expenditure−$375.0M−$354.0M−$402.0M−$384.0M−$384.0M
Free cash flow$1.2B$1.1B$864.0M$884.0M$884.0M
Investing cash flow−$281.0M−$447.0M−$317.0M−$351.0M−$351.0M
Net debt issued / repaid−$621.0M−$248.0M$304.0M−$375.0M−$375.0M
Buybacks−$921.0M−$867.0M−$1.2B−$1.1B−$1.1B
Dividends paid−$18.0M−$17.0M−$16.0M−$19.0M−$19.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2026
Gross margin13.8%16.3%16.2%16.6%15.0%
Operating margin4.9%6.9%6.8%7.7%11.9%
Net margin2.7%6.1%6.4%6.7%5.6%
FCF margin3.9%10.0%10.6%6.3%12.6%
ROE4.9%12.1%12.1%13.0%12.2%
ROIC7.3%9.6%8.9%9.6%16.6%
ROA2.0%5.1%5.1%5.5%5.3%
Debt / equity0.550.500.550.500.54
Interest coverage3.2x8.5x12.9x12.0x42.4x
Current ratio2.572.191.921.761.84
Revenue growth−14.5%+8.7%+12.5%+3.4%+15.9%
EPS growth−62.0%+201.5%+112.1%+16.7%−0.2%
P/E at year end57.1x19.7x20.1x16.4x16.7x
EV / EBITDA at year end23.0x12.3x12.5x11.1x11.0x
FCF yield at year end2.56%8.27%8.32%5.72%13.43%
Dividend payout5.8%2.1%1.9%1.7%3.0%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Textron Aviation$4.6B$5.1B$5.4B$5.3B$6.0B
Bell$3.4B$3.1B$3.1B$3.6B$4.3B
Industrial$3.1B$3.5B$3.8B$3.5B$3.2B
Textron Systems$1.1B$1.1B$1.2B$1.2B$1.2B

Revenue by region · FY2026

UNITED STATES$10.3B · 69%
International$1.9B · 13%
Europe$1.3B · 9%
Latin America and Mexico$1.3B · 9%

Street estimates by fiscal year

Next report 2026-10-29 · consensus EPS $1.43 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$14.8B$14.7B – $14.8B$6.13$5.98 – $6.261012.4x
2026$15.5B$15.4B – $15.6B$6.85$6.58 – $7.08911.1x
2027$15.6B$15.6B – $15.6B$6.42$6.31 – $6.51911.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-28$1.55$1.62+4.5%$3.8B$3.8B+0.6%
2026-04-30$1.30$1.45+11.5%$3.5B$3.7B+5.5%
2026-01-28$1.70$1.73+1.8%$4.0B$4.2B+3.2%
2025-10-23$1.46$1.55+6.2%$3.7B$3.6B−2.7%
2025-07-24$1.45$1.55+6.9%$3.6B$3.5B−3.1%
2025-04-24$1.14$1.28+12.3%$3.2B$3.1B−3.4%
2025-01-22$1.27$1.34+5.5%$3.7B$3.9B+3.8%
2024-10-24$1.49$1.40−6.0%$3.5B$3.3B−4.4%
2024-07-18$1.48$1.54+4.1%$3.6B$3.4B−3.9%
2024-04-25$1.23$1.20−2.4%$3.3B$3.0B−8.0%
2024-01-24$1.53$1.60+4.6%$3.9B$3.6B−7.9%
2023-10-26$1.27$1.49+17.3%$3.5B$3.1B−11.4%
2023-07-27$1.20$1.46+21.7%$3.4B$3.2B−7.6%
2023-04-27$1.00$1.05+5.0%$2.8B$3.0B+8.8%
2023-01-25$1.08$1.07−0.9%$3.6B$3.3B−8.2%
2022-10-27$0.93$1.06+14.0%$3.2B$3.0B−7.4%
2022-07-28$0.88$1.00+13.6%$3.2B$3.2B−1.0%
2022-04-28$0.73$0.88+20.5%$3.0B$2.9B−3.1%
2022-01-27$0.95$0.94−1.1%$3.0B$3.7B+20.7%
2021-10-28$0.75$0.85+13.3%$3.1B$2.7B−12.5%
2021-07-29$0.61$0.81+32.8%$3.0B$2.5B−16.7%
2021-04-29$0.47$0.70+48.9%$2.8B$2.8B+0.8%
2021-01-27$0.91$1.06+16.5%—$4.0B—
2020-10-29$0.35$0.53+51.4%$1.9B$3.3B+75.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.106-150.206-220.106-290.107-060.207-130.207-200.407-270.208-030.208-100.108-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$161.1M2,020,74149,945
2026-08-24$172.1M2,081,99648,275
2026-08-17$146.2M1,707,85651,988
2026-08-10$152.7M1,727,25743,175
2026-08-03$177.5M2,017,28156,464
2026-07-27$430.0M4,797,90990,203

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1573.7%
DateShort shareShort volumeTotal volume
2026-10-1573.7%415,119563,341
2026-10-1459.9%328,099547,940
2026-10-1346.0%401,148871,661
2026-10-1267.2%616,792917,847
2026-10-0965.7%444,703677,225
2026-10-0864.4%466,003723,416
2026-10-0756.5%468,784829,626
2026-10-0663.9%355,288555,810
2026-10-0556.6%346,776612,808
2026-10-0259.1%425,417720,004
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.2Jan+0.3Feb+0.6Mar+3.6Apr+0.0May-1.3Jun+4.4Jul-1.9Aug+1.5Sep-0.7Oct+4.0Nov+0.3Dec
MonthAvg returnUp yearsYears
Jan−0.2%60%20
Feb+0.3%60%20
Mar+0.6%62%21
Apr+3.6%50%20
May+0.0%65%20
Jun−1.3%35%20
Jul+4.4%55%20
Aug−1.9%50%20
Sep+1.5%55%20
Oct−0.7%55%20
Nov+4.0%75%20
Dec+0.3%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1445.4
MFI44.1
ADX25.9
Stochastic %K / %D49.3 / 45.0
Williams %R-35.2
CCI-5
TSI / signal-25.3 / -30.4
Chaikin money flow-0.11
ATR$1.79
Bollinger width8.5%
Volume vs 20-day avg0.93x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$75.96 (−0.0%)
SMA 50$80.25 (−5.4%)
SMA 200$88.85 (−14.5%)
EMA 21$76.33 (−0.5%)
EMA 50$79.68 (−4.7%)
EMA 200$85.32 (−11.0%)
Bollinger upper$79.18 (−4.1%)
Bollinger lower$72.73 (+4.4%)
Parabolic SAR$72.13 (+5.3%)
Open the live chart, 110+ indicators

About Textron Inc.

Textron Inc. (TXT) is a diverse global enterprise with significant involvement in the aerospace, defense, industrial, and financial sectors. Its Textron Aviation division is responsible for the production, sale, and maintenance of a variety of aircraft, including corporate jets, turboprop and piston-engine planes, and military trainer and defense aircraft. This segment also delivers extensive maintenance, inspection, and repair services, alongside selling commercial aircraft components. The Bell segment stands as a primary provider of military and civilian helicopters, in addition to tiltrotor aircraft, supported by related spare parts and services. Textron Systems focuses on developing and supplying advanced unmanned aerial platforms, sophisticated electronic systems and solutions, specialized marine vessels, piston aircraft engines, realistic live military air-to-air and air-to-ship training systems, weaponry and associated components, and a range of armored and specialty vehicles. Within its Industrial segment, Textron creates specialized plastic fuel containment systems, including innovative pressurized versions designed for hybrid vehicles, clear-vision systems, and plastic tanks for catalytic reduction systems, primarily serving original equipment manufacturers (OEMs) in the automotive sector. This segment also manufactures a broad array of recreational and utility vehicles, such as golf carts, off-road vehicles (including ATVs and side-by-sides), snowmobiles, and light transportation solutions. Additionally, it produces specialized equipment for aviation ground support, as well as professional-grade turf management and landscaping machinery. Its varied customer base spans golf courses and resorts, government entities, municipalities, individual consumers, outdoor enthusiasts, and diverse commercial and industrial enterprises. Finally, the Finance segment extends financial services, facilitating the acquisition of new and pre-owned aircraft from Textron Aviation and Bell helicopters. Textron's operational footprint is worldwide, with a presence across the United States, Europe, Asia, Australia, and other international markets. The company, founded in 1923, maintains its corporate headquarters in Providence, Rhode Island.

https://www.textron.com

Key executives

NameTitlePayBorn
Scott C. DonnellyExecutive Chairman$4.9M1962
E. Robert LuponeExecutive Vice President, General Counsel, Secretary & Chief Compliance Officer$2.1M1960
David RosenbergExecutive Vice President & Chief Financial Officer$2.0M1977
Julie G. DuffyExecutive Vice President & Chief Human Resources Officer$1.6M1966
Jorg RautenstrauchCEO & President of Industrial Segment and Kautex and Textron Specialized Vehicles——
Lisa AthertonCEO, President & Director—1975
Rob SchollChief Commercial Officer of Bell——
Ronald DraperPresident & CEO of Textron Aviation——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Scott C. Donnelly Chairman, President and Chief Executive Officer2025$1.5M$10.6M$3.2M$21.2M
E. Robert Lupone Executive Vice President, General Counsel and Secretary2025$1.0M$1.5M$965,000$4.1M
David M. Rosenberg Executive Vice President and Chief Financial Officer2025$805,769$1.6M$1.1M$4.1M
Julie G. Duffy Executive Vice President and Chief Human Resources Officer2025$821,154$1.0M$772,000$3.8M
Frank T. Connor Executive Vice President and Chief Financial Officer (Retired)2025$230,769$0$0$1.1M

Employees

35k201835k202033k202133k202234k202235k202334k202434k2026

Dividends

Ex-dateAmountPaid
2026-09-11$0.022026-10-01
2026-06-12$0.022026-07-01
2026-03-13$0.022026-04-01
2025-12-12$0.022026-01-01
2025-09-12$0.022025-10-01
2025-06-13$0.022025-07-01
2025-03-14$0.022025-04-01
2024-12-13$0.022025-01-01

Moat model

Weak · Cost Advantage · 2026-06-30
Cost advantage73
Intangibles26
Switching costs43
Network effect37
Efficient scale57
Our component scores (0-100) and overall 46.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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