Textron (TXT) Financials

$73.73 -2.32 (-3.05%)

As of 01:35 PM Eastern

Annual Income Statements for Textron

This table shows Textron's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	1/4/2020	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Net Income / (Loss) Attributable to Common Shareholders	824	921	861	746	309	815	1,222	307	962	697
Consolidated Net Income / (Loss)	824	921	861	746	309	815	1,222	307	962	697
Net Income / (Loss) Continuing Operations	825	922	862	747	309	815	1,222	306	843	698
Total Pre-Tax Income	943	1,087	1,016	873	282	942	1,384	762	876	971
Total Operating Income	777	1,164	883	839	448	942	1,030	907	1,050	1,140
Total Gross Profit	2,502	2,848	2,670	2,085	1,557	2,224	2,378	2,371	2,490	2,444
Total Revenue	13,702	13,683	12,869	12,382	11,651	13,630	13,972	14,198	13,788	13,423
Operating Revenue	13,702	13,683	12,869	12,382	11,651	13,630	13,972	14,198	13,788	13,423
Total Cost of Revenue	11,200	10,835	10,199	10,297	10,094	11,406	11,594	11,827	11,298	10,979
Operating Cost of Revenue	11,200	10,835	10,199	10,297	10,094	11,406	11,594	11,827	11,298	10,979
Total Operating Expenses	1,725	1,684	1,787	1,246	1,109	1,282	1,348	1,464	1,440	1,304
Selling, General & Admin Expense	1,156	1,225	1,186	1,221	1,045	1,152	1,275	1,334	1,317	1,304
Research & Development Expense	491	570	601	-	-	-	-	-	-	-
Other Special Charges / (Income)	78	126	0.00	25	147	72	73	130	123	0.00
Total Other Income / (Expense), net	166	-77	133	34	-166	0.00	354	-145	-174	-169
Interest Expense	97	77	107	142	166	-	166	174	174	169
Other Income / (Expense), net	263	-	240	17	0.00	-	520	-	-	-
Income Tax Expense	118	165	154	126	-27	127	162	456	33	273
Net Income / (Loss) Discontinued Operations	-1.00	-1.00	-1.00	-1.00	0.00	0.00	-	1.00	119	-1.00
Basic Earnings per Share	$4.38	$4.61	$4.05	$3.33	-	$3.52	-	-	$3.55	$2.52
Weighted Average Basic Shares Outstanding	182.57M	192.85M	205.22M	216.68M	226.28M	228.05M	250.20M	266.38M	270.77M	276.68M
Diluted Earnings per Share	$4.33	$4.56	$4.01	$3.30	-	$3.50	-	-	$3.53	$2.50
Weighted Average Diluted Shares Outstanding	182.57M	192.85M	205.22M	216.68M	226.28M	228.05M	250.20M	266.38M	270.77M	276.68M
Weighted Average Basic & Diluted Shares Outstanding	182.57M	192.85M	205.22M	216.68M	226.28M	228.05M	250.20M	266.38M	270.77M	276.68M
Cash Dividends to Common per Share	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08

This table shows Textron's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	207	141	223	259	201	198	269	263	191	226	225
Consolidated Net Income / (Loss)	207	141	223	259	201	198	269	263	191	226	225
Net Income / (Loss) Continuing Operations	207	141	223	260	201	199	269	263	191	226	225
Total Pre-Tax Income	241	131	252	323	237	230	301	329	227	257	264
Total Operating Income	270	-106	278	348	257	249	320	348	247	37	288
Total Gross Profit	634	901	492	588	521	1,213	564	578	493	1,154	494
Total Revenue	3,306	3,613	3,427	3,527	3,135	3,892	3,343	3,424	3,024	3,636	3,078
Operating Revenue	3,306	3,613	3,427	3,527	3,135	3,892	3,343	3,424	3,024	3,636	3,078
Total Cost of Revenue	2,672	2,712	2,935	2,939	2,614	2,679	2,779	2,846	2,531	2,482	2,584
Operating Cost of Revenue	2,672	2,712	2,935	2,939	2,614	2,679	2,779	2,846	2,531	2,482	2,584
Total Operating Expenses	364	1,007	214	240	264	964	244	230	246	1,117	206
Selling, General & Admin Expense	298	265	282	293	316	328	303	289	305	336	266
Research & Development Expense	132	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses / (Income)	-66	-	-66	-66	-66	-60	-59	-59	-59	-	-60
Other Special Charges / (Income)	0.00	53	-2.00	13	14	126	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	-29	237	-26	-25	-20	-19	-19	-19	-20	220	-24
Interest Expense	29	26	26	25	20	19	19	19	20	20	24
Income Tax Expense	34	-10	29	63	36	31	32	66	36	31	39
Basic Earnings per Share	$1.14	-	-	$1.37	$1.04	-	-	$1.31	$0.93	$1.09	$1.06
Weighted Average Basic Shares Outstanding	180.54M	182.57M	185.51M	187.36M	190.70M	192.85M	196.01M	198.07M	201.68M	205.22M	208.77M
Diluted Earnings per Share	$1.13	-	-	$1.35	$1.03	-	-	$1.30	$0.92	$1.07	$1.06
Weighted Average Diluted Shares Outstanding	180.54M	182.57M	185.51M	187.36M	190.70M	192.85M	196.01M	198.07M	201.68M	205.22M	208.77M
Weighted Average Basic & Diluted Shares Outstanding	180.54M	182.57M	185.51M	187.36M	190.70M	192.85M	196.01M	198.07M	201.68M	205.22M	208.77M
Cash Dividends to Common per Share	$0.02	-	$0.02	$0.02	$0.02	-	$0.02	$0.02	$0.02	-	$0.02

This table details how cash moves in and out of Textron's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	1/4/2020	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Net Change in Cash & Equivalents	-740	146	-82	-137	897	250	-37	-36	293	183
Net Cash From Operating Activities	1,014	1,266	1,488	1,598	768	1,014	1,107	936	925	1,090
Net Cash From Continuing Operating Activities	1,015	1,267	1,490	1,599	769	1,016	1,109	963	927	1,094
Net Income / (Loss) Continuing Operations	825	922	862	747	309	815	1,222	306	843	698
Depreciation Expense	382	395	397	390	391	416	437	447	449	461
Non-Cash Adjustments To Reconcile Net Income	142	161	131	215	106	139	-272	204	207	196
Changes in Operating Assets and Liabilities, net	-334	-211	100	247	-37	-354	-278	6.00	-572	-261
Net Cash From Discontinued Operating Activities	-1.00	-1.00	-2.00	-1.00	-1.00	-2.00	-2.00	-27	-2.00	-4.00
Net Cash From Investing Activities	-284	-317	-447	-281	-248	-266	620	-645	-436	-388
Net Cash From Continuing Investing Activities	-284	-317	-447	-281	-248	-266	620	-645	-436	-388
Purchase of Property, Plant & Equipment	-364	-402	-354	-375	-317	-339	-369	-423	-446	-420
Acquisitions	-13	-1.00	-202	0.00	-15	-2.00	-23	-331	-186	-81
Sale of Property, Plant & Equipment	4.00	18	22	3.00	33	9.00	14	-	-	-
Other Investing Activities, net	89	68	87	53	51	66	191	109	196	113
Net Cash From Financing Activities	-1,454	-813	-1,091	-1,446	360	-502	-1,864	-360	-168	-504
Net Cash From Continuing Financing Activities	-1,454	-813	-1,091	-1,446	360	-502	-1,864	-360	-168	-504
Repayment of Debt	-408	-50	-251	-623	-598	-303	-135	-845	-457	-356
Repurchase of Common Equity	-1,122	-1,168	-867	-921	-183	-503	-1,783	-582	-241	-219
Payment of Dividends	-12	-16	-17	-18	-18	-18	-20	-21	-22	-22
Issuance of Debt	0.00	348	0.00	0.00	1,137	298	0.00	1,036	516	61
Other Financing Activities, net	88	73	44	116	22	24	74	52	36	32
Effect of Exchange Rate Changes	-16	10	-32	-8.00	17	-	-	-	-	-15

This table details how cash moves in and out of Textron's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	-196	94	-64	-55	-715	465	-34	-49	-236	151	43
Net Cash From Operating Activities	-124	446	208	367	-7.00	549	258	296	163	527	348
Net Cash From Continuing Operating Activities	-124	446	208	368	-7.00	549	258	297	163	527	348
Net Income / (Loss) Continuing Operations	207	141	223	260	201	199	269	263	191	226	225
Consolidated Net Income / (Loss)	207	-	-	-	201	-	-	-	191	-	-
Depreciation Expense	92	103	101	90	88	103	99	101	92	109	97
Non-Cash Adjustments To Reconcile Net Income	28	50	24	13	55	119	-9.00	6.00	45	25	16
Changes in Operating Assets and Liabilities, net	-451	152	-140	5.00	-351	128	-101	-73	-165	167	10
Net Cash From Investing Activities	-1.00	-95	-78	-48	-63	-163	-68	-57	-29	-163	-80
Net Cash From Continuing Investing Activities	-1.00	-95	-78	-48	-63	-163	-68	-57	-29	-163	-80
Purchase of Property, Plant & Equipment	-56	-153	-71	-74	-66	-178	-79	-83	-62	-162	-78
Sale of Property, Plant & Equipment	0.00	1.00	-	-	3.00	14	4.00	-	0.00	1.00	3.00
Other Investing Activities, net	55	57	-7.00	39	0.00	1.00	8.00	26	33	-1.00	-2.00
Net Cash From Financing Activities	-78	-240	-205	-372	-637	64	-211	-290	-376	-230	-203
Net Cash From Continuing Financing Activities	-78	-240	-205	-372	-637	64	-211	-290	-376	-230	-203
Repayment of Debt	-361	-33	24	-20	-379	-9.00	-7.00	-17	-17	-6.00	-3.00
Repurchase of Common Equity	-215	-232	-215	-358	-317	-283	-235	-273	-377	-228	-200
Payment of Dividends	-3.00	-4.00	-	-4.00	-4.00	-4.00	-4.00	-4.00	-4.00	-4.00	-4.00
Issuance of Debt	495	25	-	-	-	353	-	-	-5.00	-	-
Other Financing Activities, net	6.00	4.00	11	10	63	7.00	35	4.00	27	8.00	4.00
Effect of Exchange Rate Changes	7.00	-	-	-2.00	-8.00	15	-13	2.00	6.00	17	-22

This table presents Textron's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	1/4/2020	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Total Assets	17,518	17,517	16,293	15,827	20,728	20,932	14,264	15,340	15,358	14,708
Total Current Assets	7,751	8,405	8,036	8,046	11,017	11,310	6,734	8,029	7,214	6,537
Cash & Equivalents	1,441	2,181	2,035	2,117	2,254	1,357	1,107	1,262	1,298	1,005
Note & Lease Receivable	603	585	563	605	-	-	-	-	-	-
Accounts Receivable	949	868	855	838	787	921	1,024	2,182	1,064	1,047
Inventories, net	4,071	3,914	3,550	3,468	7,026	8,138	3,818	4,150	4,464	4,144
Other Current Assets	687	857	1,033	1,018	950	894	785	435	388	341
Plant, Property, & Equipment, net	2,529	2,477	2,523	2,538	5,032	5,054	2,615	2,721	2,581	2,492
Total Noncurrent Assets	6,558	5,974	5,734	5,243	4,679	4,568	4,915	5,409	5,563	5,679
Goodwill	2,288	2,295	2,283	2,149	2,157	2,150	2,218	2,364	2,113	2,023
Other Noncurrent Operating Assets	4,270	3,679	3,451	3,094	2,522	2,418	1,937	2,226	2,515	2,569
Total Liabilities & Shareholders' Equity	16,838	16,856	16,293	15,827	15,443	15,018	14,264	15,340	15,358	14,708
Total Liabilities	10,039	10,287	9,180	9,012	9,598	9,500	9,072	9,693	9,784	9,744
Total Current Liabilities	4,394	4,378	3,670	3,136	3,270	3,846	1,357	1,219	3,893	3,792
Short-Term Debt	357	357	7.00	6.00	509	561	258	14	363	262
Accounts Payable	943	1,023	1,018	786	776	1,378	1,099	1,205	1,273	1,063
Other Current Liabilities	3,094	2,998	2,645	2,344	1,985	1,907	-	-	-	-
Total Noncurrent Liabilities	5,240	5,491	5,510	5,876	6,328	5,654	7,715	8,474	5,891	5,952
Long-Term Debt	3,231	3,517	3,550	3,761	3,860	3,249	3,526	3,898	3,317	3,348
Other Noncurrent Operating Liabilities	2,009	1,974	1,960	2,115	2,468	2,405	4,189	4,576	2,574	2,604
Total Equity & Noncontrolling Interests	7,204	6,987	7,113	6,815	5,845	5,518	5,192	5,647	5,574	4,964
Total Preferred & Common Equity	7,204	6,987	7,113	6,815	5,845	5,518	5,192	5,647	5,574	4,964
Total Common Equity	7,204	6,987	7,113	6,815	5,845	5,518	5,192	5,647	5,574	4,964
Common Stock	1,983	1,934	1,906	1,891	1,814	1,703	1,676	1,702	1,633	1,623
Retained Earnings	5,607	5,862	5,903	5,870	5,973	5,682	5,407	5,368	5,546	5,298
Treasury Stock	-82	-165	-84	-157	-203	-20	-129	-48	-	-559
Accumulated Other Comprehensive Income / (Loss)	-304	-644	-612	-789	-1,739	-1,847	-1,762	-1,375	-1,605	-1,398

This table presents Textron's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Total Assets	16,942	17,518	16,452	16,427	16,414	17,517	16,492	16,485	16,393	16,293	15,956
Total Current Assets	7,233	7,751	7,337	7,322	7,304	8,405	7,585	7,585	8,165	8,036	7,413
Cash & Equivalents	1,245	1,441	1,347	1,411	1,466	2,181	1,716	1,750	1,799	2,035	1,884
Accounts Receivable	940	949	888	847	894	868	892	953	928	855	836
Inventories, net	4,270	4,071	4,410	4,381	4,267	3,914	4,207	4,108	3,934	3,550	3,817
Other Current Assets	829	687	750	749	755	857	815	829	949	1,033	943
Plant, Property, & Equipment, net	0.00	2,529	0.00	0.00	2,451	2,477	2,451	2,487	2,505	2,523	2,443
Total Noncurrent Assets	9,658	6,558	9,057	9,039	6,581	5,974	6,411	6,358	5,723	5,734	6,033
Noncurrent Note & Lease Receivables	610	-	595	585	582	-	599	574	-	-	566
Goodwill	2,297	2,288	2,307	2,295	2,288	2,295	2,281	2,291	2,289	2,283	2,262
Other Noncurrent Operating Assets	6,751	4,270	6,155	6,159	3,711	3,679	3,531	3,493	3,434	3,451	3,205
Total Liabilities & Shareholders' Equity	16,942	16,838	16,452	16,427	16,414	16,856	16,492	16,485	16,393	16,293	15,956
Total Liabilities	9,667	10,039	9,501	9,575	9,483	10,287	9,425	9,451	9,385	9,180	9,194
Total Current Liabilities	4,389	4,394	4,359	4,456	4,395	4,378	4,387	4,404	1,638	3,670	3,627
Short-Term Debt	356	357	357	357	357	357	357	357	357	7.00	7.00
Accounts Payable	1,117	943	1,097	1,120	1,136	1,023	1,216	1,227	1,281	1,018	887
Other Current Liabilities	2,916	3,094	2,905	2,979	2,902	2,998	2,814	2,820	0.00	2,645	2,733
Total Noncurrent Liabilities	5,278	5,240	5,142	5,119	5,088	5,491	5,038	5,047	7,747	5,510	5,567
Long-Term Debt	3,378	3,231	3,225	3,226	3,160	3,517	3,174	3,179	3,193	3,550	3,556
Other Noncurrent Operating Liabilities	1,900	2,009	1,917	1,893	1,928	1,974	1,864	1,868	4,554	1,960	2,011
Total Equity & Noncontrolling Interests	7,275	7,204	6,951	6,852	6,931	6,987	7,067	7,034	7,008	7,113	6,762
Total Preferred & Common Equity	7,275	7,204	6,951	6,852	6,931	6,987	7,067	7,034	7,008	7,113	6,762
Total Common Equity	7,275	7,204	6,951	6,852	6,931	6,987	7,067	7,034	7,008	7,113	6,762
Common Stock	2,028	1,983	2,111	2,075	2,037	1,934	2,057	1,999	1,968	1,906	2,008
Retained Earnings	5,811	5,607	6,533	6,314	6,059	5,862	6,614	6,349	6,090	5,903	6,492
Treasury Stock	-299	-82	-1,061	-844	-484	-165	-976	-740	-464	-84	-796
Accumulated Other Comprehensive Income / (Loss)	-265	-304	-632	-693	-681	-644	-628	-574	-586	-612	-942

This table displays calculated financial ratios and metrics derived from Textron's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	1/1/2022	1/2/2021	1/4/2020	12/29/2018	12/30/2017	12/31/2016	1/2/2016
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.14%	6.33%	3.93%	6.27%	-14.52%	-2.45%	-1.59%	2.97%	2.72%	-3.28%
EBITDA Growth	-8.79%	2.57%	21.99%	48.51%	-38.22%	-31.66%	46.75%	-9.67%	-6.37%	6.52%
EBIT Growth	-10.65%	3.65%	31.19%	91.07%	-52.44%	-39.23%	70.89%	-13.62%	-7.89%	9.20%
NOPAT Growth	-31.15%	31.79%	4.35%	46.25%	-39.77%	-10.38%	149.69%	-63.95%	23.30%	10.67%
Net Income Growth	-10.53%	6.97%	15.42%	141.42%	-62.09%	-33.31%	298.05%	-68.09%	38.02%	16.17%
EPS Growth	-5.04%	13.72%	21.52%	0.00%	0.00%	0.00%	0.00%	0.00%	41.20%	17.37%
Operating Cash Flow Growth	-19.91%	-14.92%	-6.88%	108.07%	-24.26%	-8.40%	18.27%	1.19%	-15.14%	-9.77%
Free Cash Flow Firm Growth	-99.07%	62.70%	-89.47%	386.16%	121.74%	-341.18%	370.99%	-227.64%	8.52%	357.00%
Invested Capital Growth	7.73%	0.52%	2.01%	-36.09%	-4.61%	76.45%	-13.68%	14.58%	5.11%	3.35%
Revenue Q/Q Growth	-2.00%	1.91%	2.50%	-2.71%	-3.06%	2.14%	-1.88%	1.37%	-0.71%	-1.27%
EBITDA Q/Q Growth	11.35%	15.23%	6.15%	-8.18%	21.07%	29.33%	7.46%	-6.88%	-0.79%	-0.31%
EBIT Q/Q Growth	16.20%	22.27%	8.08%	-11.20%	51.35%	48.82%	9.77%	-9.66%	-0.10%	0.00%
NOPAT Q/Q Growth	-10.37%	21.74%	-13.95%	-19.29%	68.89%	50.86%	-1.61%	-51.80%	-1.27%	1.02%
Net Income Q/Q Growth	-6.47%	-2.95%	2.26%	-3.74%	13.60%	-5.45%	40.46%	-51.04%	-1.23%	2.05%
EPS Q/Q Growth	0.00%	0.00%	3.62%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.84%	2.46%
Operating Cash Flow Q/Q Growth	-9.22%	1.77%	7.36%	-8.27%	-22.42%	59.94%	-14.25%	-16.65%	13.08%	3.12%
Free Cash Flow Firm Q/Q Growth	-98.07%	154.68%	209.62%	234.73%	6.02%	-6,201.34%	-59.38%	-198.16%	356.99%	77.72%
Invested Capital Q/Q Growth	1.80%	-2.27%	2.30%	20.21%	69.92%	62.00%	-3.04%	-27.08%	-36.64%	-32.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.26%	20.81%	20.75%	16.84%	13.36%	16.32%	17.02%	16.70%	18.06%	18.21%
EBITDA Margin	10.38%	11.39%	11.81%	10.06%	7.20%	9.96%	14.22%	9.54%	10.87%	11.93%
Operating Margin	5.67%	8.51%	6.86%	6.78%	3.85%	6.91%	7.37%	6.39%	7.62%	8.49%
EBIT Margin	7.59%	8.51%	8.73%	6.91%	3.85%	6.91%	11.09%	6.39%	7.62%	8.49%
Profit (Net Income) Margin	6.01%	6.73%	6.69%	6.02%	2.65%	5.98%	8.75%	2.16%	6.98%	5.19%
Tax Burden Percent	87.38%	84.73%	84.74%	85.45%	109.57%	86.52%	88.29%	40.29%	109.82%	71.78%
Interest Burden Percent	90.67%	93.38%	90.47%	101.99%	62.95%	100.00%	89.29%	84.01%	83.43%	85.18%
Effective Tax Rate	12.51%	15.18%	15.16%	14.43%	-9.57%	13.48%	11.71%	59.84%	3.77%	28.12%
Return on Invested Capital (ROIC)	7.54%	11.40%	8.76%	6.61%	3.62%	7.49%	10.71%	4.27%	13.02%	11.01%
ROIC Less NNEP Spread (ROIC-NNEP)	15.05%	7.28%	15.81%	7.23%	1.31%	7.49%	20.88%	2.31%	11.07%	6.67%
Return on Net Nonoperating Assets (RNNOA)	4.07%	1.66%	3.60%	5.17%	1.82%	7.73%	11.84%	1.20%	5.24%	4.09%
Return on Equity (ROE)	11.61%	13.06%	12.36%	11.79%	5.44%	15.22%	22.55%	5.47%	18.26%	15.09%
Cash Return on Invested Capital (CROIC)	0.10%	10.88%	6.77%	50.65%	8.34%	-47.82%	25.39%	-9.32%	8.03%	7.71%
Operating Return on Assets (OROA)	5.94%	6.89%	6.99%	4.68%	2.15%	5.35%	10.47%	5.91%	6.98%	7.78%
Return on Assets (ROA)	4.70%	5.45%	5.36%	4.08%	1.48%	4.63%	8.26%	2.00%	6.40%	4.76%
Return on Common Equity (ROCE)	11.61%	13.06%	12.36%	11.79%	5.44%	15.22%	22.55%	5.47%	18.26%	15.09%
Return on Equity Simple (ROE_SIMPLE)	11.44%	13.18%	12.10%	10.95%	5.29%	14.77%	23.54%	5.44%	17.26%	14.04%
Net Operating Profit after Tax (NOPAT)	680	987	749	718	491	815	909	364	1,010	819
NOPAT Margin	4.96%	7.22%	5.82%	5.80%	4.21%	5.98%	6.51%	2.57%	7.33%	6.11%
Net Nonoperating Expense Percent (NNEP)	-7.51%	4.13%	-7.05%	-0.62%	2.31%	0.00%	-10.17%	1.96%	1.94%	4.33%
Return On Investment Capital (ROIC_SIMPLE)	6.30%	9.09%	7.02%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	81.74%	79.19%	79.25%	83.16%	86.64%	83.68%	82.98%	83.30%	81.94%	81.79%
SG&A Expenses to Revenue	8.44%	8.95%	9.22%	9.86%	8.97%	8.45%	9.13%	9.40%	9.55%	9.71%
R&D to Revenue	3.58%	4.17%	4.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.59%	12.31%	13.89%	10.06%	9.52%	9.41%	9.65%	10.31%	10.44%	9.71%
Earnings before Interest and Taxes (EBIT)	1,040	1,164	1,123	856	448	942	1,550	907	1,050	1,140
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,422	1,559	1,520	1,246	839	1,358	1,987	1,354	1,499	1,601
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.99	2.25	2.07	2.49	1.89	1.84	2.12	2.62	2.33	2.29
Price to Tangible Book Value (P/TBV)	2.91	3.36	3.05	3.64	2.99	3.01	3.70	4.50	3.75	3.86
Price to Revenue (P/Rev)	1.05	1.15	1.15	1.37	0.95	0.74	0.79	1.04	0.94	0.85
Price to Earnings (P/E)	17.38	17.10	17.13	22.75	35.67	12.46	9.01	48.13	13.50	16.29
Dividend Yield	0.10%	0.10%	0.11%	0.10%	0.17%	0.18%	0.18%	0.14%	0.17%	0.19%
Earnings Yield	5.75%	5.85%	5.84%	4.39%	2.80%	8.03%	11.10%	2.08%	7.41%	6.14%
Enterprise Value to Invested Capital (EV/IC)	1.76	2.01	1.88	2.20	0.99	0.91	1.74	1.91	1.93	1.84
Enterprise Value to Revenue (EV/Rev)	1.20	1.27	1.26	1.50	1.13	0.92	0.98	1.23	1.11	1.04
Enterprise Value to EBITDA (EV/EBITDA)	11.58	11.19	10.71	14.95	15.66	9.28	6.89	12.87	10.25	8.72
Enterprise Value to EBIT (EV/EBIT)	15.84	14.98	14.49	21.76	29.32	13.38	8.83	19.21	14.64	12.25
Enterprise Value to NOPAT (EV/NOPAT)	24.23	17.67	21.72	25.94	26.76	15.47	15.05	47.84	15.21	17.03
Enterprise Value to Operating Cash Flow (EV/OCF)	16.24	13.78	10.94	11.66	17.10	12.43	12.36	18.62	16.61	12.81
Enterprise Value to Free Cash Flow (EV/FCFF)	1,877.60	18.51	28.10	3.39	11.62	0.00	6.35	0.00	24.65	24.30
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.55	0.50	0.55	0.75	0.69	0.73	0.69	0.66	0.73
Long-Term Debt to Equity	0.45	0.50	0.50	0.55	0.66	0.59	0.68	0.69	0.60	0.67
Financial Leverage	0.27	0.23	0.23	0.71	1.39	1.03	0.57	0.52	0.47	0.61
Leverage Ratio	2.47	2.40	2.31	2.89	3.67	3.29	2.73	2.74	2.85	3.17
Compound Leverage Factor	2.24	2.24	2.09	2.94	2.31	3.29	2.44	2.30	2.38	2.70
Debt to Total Capital	33.25%	35.67%	33.34%	35.60%	42.77%	40.84%	42.16%	40.92%	39.77%	42.10%
Short-Term Debt to Total Capital	3.31%	3.29%	0.07%	0.06%	4.98%	6.01%	2.87%	0.15%	3.92%	3.06%
Long-Term Debt to Total Capital	29.94%	32.38%	33.27%	35.54%	37.79%	34.83%	39.28%	40.78%	35.84%	39.05%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.75%	64.33%	66.66%	64.40%	57.23%	59.16%	57.84%	59.08%	60.23%	57.90%
Debt to EBITDA	2.52	2.48	2.34	3.02	5.21	2.81	1.90	2.89	2.46	2.25
Net Debt to EBITDA	1.51	1.09	1.00	1.32	2.52	1.81	1.35	1.96	1.59	1.63
Long-Term Debt to EBITDA	2.27	2.26	2.34	3.02	4.60	2.39	1.77	2.88	2.21	2.09
Debt to NOPAT	5.28	3.92	4.75	5.25	8.90	4.67	4.16	10.74	3.64	4.41
Net Debt to NOPAT	3.16	1.71	2.03	2.30	4.31	3.01	2.94	7.28	2.36	3.18
Long-Term Debt to NOPAT	4.75	3.56	4.74	5.24	7.86	3.99	3.88	10.70	3.28	4.09
Altman Z-Score	2.51	2.66	2.81	2.98	2.17	2.25	3.05	3.06	2.68	2.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.76	1.92	2.19	2.57	3.37	2.94	4.96	6.59	1.85	1.72
Quick Ratio	0.68	0.83	0.94	1.14	0.93	0.59	1.57	2.83	0.61	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8.77	942	579	5,498	1,131	-5,201	2,156	-796	623	574
Operating Cash Flow to CapEx	281.67%	329.69%	448.19%	429.57%	270.42%	307.27%	311.83%	221.28%	207.40%	259.52%
Free Cash Flow to Firm to Interest Expense	0.09	12.24	5.41	38.72	6.81	0.00	12.99	-4.57	3.58	3.40
Operating Cash Flow to Interest Expense	10.45	16.44	13.91	11.25	4.63	0.00	6.67	5.38	5.32	6.45
Operating Cash Flow Less CapEx to Interest Expense	6.74	11.45	10.80	8.63	2.92	0.00	4.53	2.95	2.75	3.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.78	0.81	0.80	0.68	0.56	0.77	0.94	0.93	0.92	0.92
Accounts Receivable Turnover	15.08	15.88	15.20	15.24	13.64	14.02	8.72	8.75	13.06	12.89
Inventory Turnover	2.81	2.90	2.91	1.96	1.33	1.91	2.91	2.75	2.63	2.72
Fixed Asset Turnover	5.47	5.47	5.09	3.27	2.31	3.55	5.24	5.36	5.44	5.38
Accounts Payable Turnover	11.39	10.62	11.31	13.18	9.37	9.21	10.06	9.55	9.67	10.57
Days Sales Outstanding (DSO)	24.20	22.98	24.01	23.95	26.75	26.04	41.88	41.72	27.94	28.31
Days Inventory Outstanding (DIO)	130.11	125.72	125.58	185.99	274.17	191.30	125.42	132.92	139.05	134.18
Days Payable Outstanding (DPO)	32.04	34.38	32.28	27.68	38.94	39.63	36.27	38.24	37.73	34.53
Cash Conversion Cycle (CCC)	122.28	114.32	117.31	182.26	261.98	177.71	131.03	136.41	129.26	127.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,351	8,680	8,635	8,465	13,245	13,885	7,869	9,116	7,956	7,569
Invested Capital Turnover	1.52	1.58	1.51	1.14	0.86	1.25	1.65	1.66	1.78	1.80
Increase / (Decrease) in Invested Capital	671	45	170	-4,780	-640	6,016	-1,247	1,160	387	245
Enterprise Value (EV)	16,470	17,441	16,273	18,625	13,136	12,606	13,685	17,426	15,367	13,960
Market Capitalization	14,323	15,748	14,751	16,975	11,021	10,153	11,008	14,776	12,985	11,355
Book Value per Share	$38.83	$35.65	$34.07	$30.92	$25.54	$24.17	$21.37	$21.44	$20.63	$18.14
Tangible Book Value per Share	$26.50	$23.94	$23.14	$21.17	$16.11	$14.75	$12.24	$12.46	$12.81	$10.75
Total Capital	10,792	10,861	10,670	10,582	10,214	9,328	8,976	9,559	9,254	8,574
Total Debt	3,588	3,874	3,557	3,767	4,369	3,810	3,784	3,912	3,680	3,610
Total Long-Term Debt	3,231	3,517	3,550	3,761	3,860	3,249	3,526	3,898	3,317	3,348
Net Debt	2,147	1,693	1,522	1,650	2,115	2,453	2,677	2,650	2,382	2,605
Capital Expenditures (CapEx)	360	384	332	372	284	330	355	423	446	420
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,273	2,203	2,338	2,799	6,002	6,668	4,528	5,562	2,386	2,002
Debt-free Net Working Capital (DFNWC)	3,714	4,384	4,373	4,916	8,256	8,025	5,635	6,824	3,684	3,007
Net Working Capital (NWC)	3,357	4,027	4,366	4,910	7,747	7,464	5,377	6,810	3,321	2,745
Net Nonoperating Expense (NNE)	-144	66	-112	-28	182	0.00	-313	57	48	122
Net Nonoperating Obligations (NNO)	2,147	1,693	1,522	1,650	7,400	8,367	2,677	3,469	2,382	2,605
Total Depreciation and Amortization (D&A)	382	395	397	390	391	416	437	447	449	461
Debt-free, Cash-free Net Working Capital to Revenue	16.59%	16.10%	18.17%	22.61%	51.51%	48.92%	32.41%	39.17%	17.30%	14.91%
Debt-free Net Working Capital to Revenue	27.11%	32.04%	33.98%	39.70%	70.86%	58.88%	40.33%	48.06%	26.72%	22.40%
Net Working Capital to Revenue	24.50%	29.43%	33.93%	39.65%	66.49%	54.76%	38.48%	47.96%	24.09%	20.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.38	$4.61	$0.00	$3.33	$0.00	$0.00	$4.88	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	182.57M	192.85M	205.22M	216.68M	226.28M	228.05M	234.68M	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$4.33	$4.56	$0.00	$3.30	$0.00	$0.00	$4.83	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	182.57M	192.85M	205.22M	216.68M	226.28M	228.05M	234.68M	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	182.57M	192.85M	205.22M	216.68M	226.28M	228.05M	234.68M	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	748	1,094	749	739	417	877	974	726	1,129	819
Normalized NOPAT Margin	5.46%	8.00%	5.82%	5.97%	3.57%	6.44%	6.97%	5.11%	8.19%	6.11%
Pre Tax Income Margin	6.88%	7.94%	7.89%	7.05%	2.42%	6.91%	9.91%	5.37%	6.35%	7.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.72	15.12	10.50	6.03	2.70	0.00	9.34	5.21	6.03	6.75
NOPAT to Interest Expense	7.01	12.82	7.00	5.06	2.96	0.00	5.48	2.09	5.81	4.85
EBIT Less CapEx to Interest Expense	7.01	10.13	7.39	3.41	0.99	0.00	7.20	2.78	3.47	4.26
NOPAT Less CapEx to Interest Expense	3.30	7.84	3.90	2.44	1.25	0.00	3.34	-0.34	3.24	2.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.46%	1.74%	1.97%	2.41%	5.83%	2.21%	1.64%	6.84%	2.29%	3.16%
Augmented Payout Ratio	137.62%	128.56%	102.67%	125.87%	65.05%	63.93%	147.55%	196.42%	27.34%	34.58%

This table displays calculated financial ratios and metrics derived from Textron's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.45%	-7.17%	2.51%	3.01%	3.67%	7.04%	8.61%	8.56%	0.77%	9.45%	2.94%
EBITDA Growth	0.84%	-100.85%	-9.55%	-2.45%	1.77%	141.10%	8.83%	14.54%	-5.04%	-51.01%	22.22%
EBIT Growth	-0.37%	-142.57%	-13.13%	0.00%	4.05%	572.97%	11.11%	18.37%	-6.44%	-80.83%	32.11%
NOPAT Growth	0.90%	-152.96%	-13.98%	0.70%	4.88%	562.14%	16.51%	14.15%	-5.37%	-79.88%	32.68%
Net Income Growth	2.99%	-28.79%	-17.10%	-1.52%	5.24%	-12.39%	19.56%	21.20%	-1.04%	9.18%	21.62%
EPS Growth	9.71%	0.00%	0.00%	3.85%	11.96%	0.00%	0.00%	30.00%	4.55%	15.05%	29.27%
Operating Cash Flow Growth	-1,671.43%	-18.76%	-19.38%	23.99%	-104.29%	4.17%	-25.86%	-20.43%	-32.37%	24.00%	-13.22%
Free Cash Flow Firm Growth	-8,147.63%	-560.63%	62.59%	581.44%	-100.17%	223.99%	86.56%	95.39%	423.76%	-102.78%	-222.98%
Invested Capital Growth	8.71%	7.73%	3.42%	2.31%	2.55%	0.52%	5.22%	3.45%	-24.04%	2.01%	19.87%
Revenue Q/Q Growth	-8.50%	5.43%	-2.84%	12.50%	-19.45%	16.42%	-2.37%	13.23%	-16.83%	18.13%	-2.41%
EBITDA Q/Q Growth	12,166.67%	-100.79%	-13.47%	26.96%	200.00%	-15.99%	-6.68%	32.45%	132.19%	-62.08%	-1.79%
EBIT Q/Q Growth	354.72%	-138.13%	-20.11%	35.41%	2,041.67%	-22.19%	-8.05%	40.89%	567.57%	-87.15%	-2.04%
NOPAT Q/Q Growth	303.27%	-146.38%	-12.18%	28.52%	1,999.30%	-24.67%	2.80%	33.86%	538.74%	-86.74%	0.72%
Net Income Q/Q Growth	46.81%	-36.77%	-13.90%	28.86%	1.52%	-26.39%	2.28%	37.70%	-15.49%	0.44%	3.69%
EPS Q/Q Growth	0.00%	0.00%	0.00%	31.07%	4.04%	0.00%	0.00%	41.30%	-14.02%	0.94%	6.00%
Operating Cash Flow Q/Q Growth	-127.80%	114.42%	-43.32%	5,342.86%	-101.28%	112.79%	-12.84%	81.60%	-69.07%	51.44%	-6.45%
Free Cash Flow Firm Q/Q Growth	29.93%	-1,253.79%	-176.18%	1,611.00%	85.45%	209.95%	-880.42%	-100.53%	2,267.73%	88.08%	-236.01%
Invested Capital Q/Q Growth	4.42%	1.80%	1.80%	0.47%	3.48%	-2.27%	0.70%	0.70%	1.44%	2.30%	-1.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.18%	24.94%	14.36%	16.67%	16.62%	31.17%	16.87%	16.88%	16.30%	31.74%	16.05%
EBITDA Margin	10.95%	-0.08%	11.06%	12.42%	11.00%	9.04%	12.53%	13.11%	11.21%	4.02%	12.51%
Operating Margin	8.17%	-2.93%	8.11%	9.87%	8.20%	6.40%	9.57%	10.16%	8.17%	1.02%	9.36%
EBIT Margin	8.17%	-2.93%	8.11%	9.87%	8.20%	6.40%	9.57%	10.16%	8.17%	1.02%	9.36%
Profit (Net Income) Margin	6.26%	3.90%	6.51%	7.34%	6.41%	5.09%	8.05%	7.68%	6.32%	6.22%	7.31%
Tax Burden Percent	85.89%	107.63%	88.49%	80.19%	84.81%	86.09%	89.37%	79.94%	84.14%	87.94%	85.23%
Interest Burden Percent	89.26%	-123.58%	90.65%	92.82%	92.22%	92.37%	94.06%	94.54%	91.90%	694.59%	91.67%
Effective Tax Rate	14.11%	-7.63%	11.51%	19.50%	15.19%	13.48%	10.63%	20.06%	15.86%	12.06%	14.77%
Return on Invested Capital (ROIC)	10.38%	-4.80%	11.11%	12.37%	10.81%	8.75%	13.26%	12.33%	8.73%	1.35%	12.93%
ROIC Less NNEP Spread (ROIC-NNEP)	9.29%	8.49%	9.97%	11.30%	9.92%	7.66%	12.29%	11.46%	8.20%	13.55%	11.41%
Return on Net Nonoperating Assets (RNNOA)	2.97%	2.30%	2.88%	3.22%	2.71%	1.75%	3.11%	2.91%	3.75%	3.08%	2.39%
Return on Equity (ROE)	13.35%	-2.50%	13.99%	15.59%	13.52%	10.50%	16.37%	15.24%	12.48%	4.43%	15.33%
Cash Return on Invested Capital (CROIC)	-1.08%	0.10%	5.03%	6.66%	6.46%	10.88%	4.27%	5.52%	34.59%	6.77%	-6.82%
Operating Return on Assets (OROA)	6.79%	-2.29%	6.89%	8.33%	6.89%	5.18%	7.92%	8.27%	5.95%	0.82%	7.52%
Return on Assets (ROA)	5.21%	3.05%	5.52%	6.20%	5.39%	4.12%	6.66%	6.25%	4.60%	4.98%	5.88%
Return on Common Equity (ROCE)	13.35%	-2.50%	13.99%	15.59%	13.52%	10.50%	16.37%	15.24%	12.48%	4.43%	15.33%
Return on Equity Simple (ROE_SIMPLE)	11.41%	0.00%	12.67%	13.53%	13.43%	0.00%	13.43%	12.87%	12.26%	0.00%	12.45%
Net Operating Profit after Tax (NOPAT)	232	-114	246	280	218	215	286	278	208	33	245
NOPAT Margin	7.01%	-3.16%	7.18%	7.94%	6.95%	5.54%	8.55%	8.12%	6.87%	0.89%	7.97%
Net Nonoperating Expense Percent (NNEP)	1.10%	-13.29%	1.14%	1.07%	0.89%	1.08%	0.97%	0.87%	0.53%	-12.20%	1.52%
Return On Investment Capital (ROIC_SIMPLE)	2.11%	-1.06%	-	-	-	1.98%	-	-	-	0.30%	-
Cost of Revenue to Revenue	80.82%	75.06%	85.64%	83.33%	83.38%	68.83%	83.13%	83.12%	83.70%	68.26%	83.95%
SG&A Expenses to Revenue	9.01%	7.33%	8.23%	8.31%	10.08%	8.43%	9.06%	8.44%	10.09%	9.24%	8.64%
R&D to Revenue	3.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.01%	27.87%	6.24%	6.80%	8.42%	24.77%	7.30%	6.72%	8.13%	30.72%	6.69%
Earnings before Interest and Taxes (EBIT)	270	-106	278	348	257	249	320	348	247	37	288
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	362	-3.00	379	438	345	352	419	449	339	146	385
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.83	1.99	2.37	2.39	2.71	2.25	2.19	1.94	2.07	2.07	1.82
Price to Tangible Book Value (P/TBV)	2.68	2.91	3.54	3.59	4.05	3.36	3.23	2.87	3.07	3.05	2.73
Price to Revenue (P/Rev)	0.96	1.05	1.18	1.18	1.36	1.15	1.15	1.04	1.12	1.15	0.98
Price to Earnings (P/E)	16.33	17.38	18.66	17.66	20.20	17.10	16.29	15.06	16.86	17.13	14.61
Dividend Yield	0.11%	0.10%	0.09%	0.09%	0.08%	0.10%	0.10%	0.12%	0.11%	0.11%	0.14%
Earnings Yield	6.12%	5.75%	5.36%	5.66%	4.95%	5.85%	6.14%	6.64%	5.93%	5.84%	6.84%
Enterprise Value to Invested Capital (EV/IC)	1.62	1.76	2.03	2.06	2.32	2.01	1.95	1.75	1.85	1.88	1.66
Enterprise Value to Revenue (EV/Rev)	1.14	1.20	1.34	1.33	1.51	1.27	1.29	1.17	1.26	1.26	1.11
Enterprise Value to EBITDA (EV/EBITDA)	13.61	11.58	14.63	14.08	15.70	11.19	12.77	11.68	12.86	10.71	9.76
Enterprise Value to EBIT (EV/EBIT)	20.38	15.84	20.87	19.79	22.26	14.98	18.15	16.75	18.74	14.49	13.46
Enterprise Value to NOPAT (EV/NOPAT)	23.23	24.23	24.62	23.24	26.20	17.67	21.30	19.94	22.03	21.72	16.06
Enterprise Value to Operating Cash Flow (EV/OCF)	17.63	16.24	16.72	15.89	19.03	13.78	13.89	11.55	11.51	10.94	10.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1,877.60	41.10	31.23	36.39	18.51	46.70	32.17	4.63	28.10	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.51	0.50	0.52	0.52	0.51	0.55	0.50	0.50	0.51	0.50	0.53
Long-Term Debt to Equity	0.46	0.45	0.46	0.47	0.46	0.50	0.45	0.45	0.46	0.50	0.53
Financial Leverage	0.32	0.27	0.29	0.29	0.27	0.23	0.25	0.25	0.46	0.23	0.21
Leverage Ratio	2.35	2.47	2.35	2.37	2.35	2.40	2.35	2.34	2.54	2.31	2.44
Compound Leverage Factor	2.10	-3.05	2.13	2.20	2.17	2.21	2.21	2.21	2.34	16.02	2.24
Debt to Total Capital	33.92%	33.25%	34.01%	34.34%	33.66%	35.67%	33.32%	33.45%	33.62%	33.34%	34.51%
Short-Term Debt to Total Capital	3.23%	3.31%	3.39%	3.42%	3.42%	3.29%	3.37%	3.38%	3.38%	0.07%	0.07%
Long-Term Debt to Total Capital	30.68%	29.94%	30.62%	30.92%	30.25%	32.38%	29.95%	30.08%	30.24%	33.27%	34.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	66.08%	66.75%	65.99%	65.66%	66.34%	64.33%	66.68%	66.55%	66.38%	66.66%	65.49%
Debt to EBITDA	3.21	2.52	2.81	2.72	2.65	2.48	2.61	2.68	2.81	2.34	2.49
Net Debt to EBITDA	2.14	1.51	1.75	1.65	1.54	1.09	1.34	1.35	1.39	1.00	1.17
Long-Term Debt to EBITDA	2.91	2.27	2.53	2.45	2.38	2.26	2.35	2.41	2.53	2.34	2.48
Debt to NOPAT	5.48	5.28	4.72	4.49	4.42	3.92	4.35	4.57	4.82	4.75	4.09
Net Debt to NOPAT	3.66	3.16	2.95	2.72	2.58	1.71	2.24	2.31	2.38	2.03	1.93
Long-Term Debt to NOPAT	4.96	4.75	4.25	4.04	3.97	3.56	3.91	4.11	4.33	4.74	4.08
Altman Z-Score	2.38	2.30	2.72	2.69	2.81	2.49	2.66	2.50	2.76	2.59	2.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.76	1.68	1.64	1.66	1.92	1.73	1.72	4.98	2.19	2.04
Quick Ratio	0.50	0.68	0.51	0.51	0.54	0.83	0.59	0.61	2.00	0.94	0.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-550	-785	-58	76	-5.04	170	-155	-16	2,980	-137	-1,154
Operating Cash Flow to CapEx	-221.43%	293.42%	292.96%	495.95%	-11.11%	334.76%	344.00%	356.63%	262.90%	327.33%	464.00%
Free Cash Flow to Firm to Interest Expense	-18.97	-30.20	-2.23	3.05	-0.25	8.97	-8.16	-0.83	148.99	-6.87	-48.06
Operating Cash Flow to Interest Expense	-4.28	17.15	8.00	14.68	-0.35	28.89	13.58	15.58	8.15	26.35	14.50
Operating Cash Flow Less CapEx to Interest Expense	-6.21	11.31	5.27	11.72	-3.50	20.26	9.63	11.21	5.05	18.30	11.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.78	0.85	0.84	0.84	0.81	0.83	0.81	0.73	0.80	0.80
Accounts Receivable Turnover	15.13	15.08	15.71	15.44	15.14	15.88	15.54	14.39	14.92	15.20	15.61
Inventory Turnover	2.67	2.81	2.72	2.73	2.80	2.90	2.80	2.81	1.93	2.91	2.80
Fixed Asset Turnover	0.00	5.47	0.00	0.00	5.57	5.47	5.49	5.31	5.16	5.09	5.11
Accounts Payable Turnover	10.12	11.39	10.15	9.87	9.51	10.62	10.69	10.86	10.30	11.31	12.60
Days Sales Outstanding (DSO)	24.13	24.20	23.24	23.64	24.11	22.98	23.49	25.36	24.46	24.01	23.39
Days Inventory Outstanding (DIO)	136.64	130.11	133.99	133.77	130.28	125.72	130.29	129.67	189.59	125.58	130.53
Days Payable Outstanding (DPO)	36.06	32.04	35.97	36.99	38.40	34.38	34.15	33.61	35.43	32.28	28.98
Cash Conversion Cycle (CCC)	124.71	122.28	121.26	120.43	115.99	114.32	119.63	121.42	178.62	117.31	124.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,764	9,351	9,186	9,024	8,982	8,680	8,882	8,820	8,759	8,635	8,441
Invested Capital Turnover	1.48	1.52	1.55	1.56	1.56	1.58	1.55	1.52	1.27	1.51	1.62
Increase / (Decrease) in Invested Capital	782	671	304	204	223	45	441	294	-2,772	170	1,399
Enterprise Value (EV)	15,817	16,470	18,676	18,545	20,854	17,441	17,278	15,412	16,230	16,273	13,983
Market Capitalization	13,328	14,323	16,441	16,373	18,803	15,748	15,463	13,626	14,479	14,751	12,304
Book Value per Share	$39.85	$38.83	$37.10	$35.93	$36.35	$35.65	$35.68	$34.88	$34.15	$34.07	$31.97
Tangible Book Value per Share	$27.27	$26.50	$24.79	$23.90	$24.35	$23.94	$24.16	$23.52	$23.00	$23.14	$21.27
Total Capital	11,009	10,792	10,533	10,435	10,448	10,861	10,598	10,570	10,558	10,670	10,325
Total Debt	3,734	3,588	3,582	3,583	3,517	3,874	3,531	3,536	3,550	3,557	3,563
Total Long-Term Debt	3,378	3,231	3,225	3,226	3,160	3,517	3,174	3,179	3,193	3,550	3,556
Net Debt	2,489	2,147	2,235	2,172	2,051	1,693	1,815	1,786	1,751	1,522	1,679
Capital Expenditures (CapEx)	56	152	71	74	63	164	75	83	62	161	75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,955	2,273	1,988	1,812	1,800	2,203	1,839	1,788	5,085	2,338	1,909
Debt-free Net Working Capital (DFNWC)	3,200	3,714	3,335	3,223	3,266	4,384	3,555	3,538	6,884	4,373	3,793
Net Working Capital (NWC)	2,844	3,357	2,978	2,866	2,909	4,027	3,198	3,181	6,527	4,366	3,786
Net Nonoperating Expense (NNE)	25	-255	23	21	17	17	17	15	17	-193	20
Net Nonoperating Obligations (NNO)	2,489	2,147	2,235	2,172	2,051	1,693	1,815	1,786	1,751	1,522	1,679
Total Depreciation and Amortization (D&A)	92	103	101	90	88	103	99	101	92	109	97
Debt-free, Cash-free Net Working Capital to Revenue	14.09%	16.59%	14.22%	13.04%	13.05%	16.10%	13.70%	13.58%	39.44%	18.17%	15.21%
Debt-free Net Working Capital to Revenue	23.07%	27.11%	23.85%	23.19%	23.68%	32.04%	26.48%	26.88%	53.40%	33.98%	30.21%
Net Working Capital to Revenue	20.50%	24.50%	21.30%	20.62%	21.09%	29.43%	23.82%	24.17%	50.63%	33.93%	30.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.14	$0.00	$0.00	$1.37	$1.04	$0.00	$1.36	$1.31	$0.93	$1.09	$1.06
Adjusted Weighted Average Basic Shares Outstanding	180.54M	182.57M	185.51M	187.36M	190.70M	192.85M	196.01M	198.07M	201.68M	205.22M	208.77M
Adjusted Diluted Earnings per Share	$1.13	$0.00	$0.00	$1.35	$1.03	$0.00	$1.35	$1.30	$0.92	$1.07	$1.06
Adjusted Weighted Average Diluted Shares Outstanding	180.54M	182.57M	185.51M	187.36M	190.70M	192.85M	196.01M	198.07M	201.68M	205.22M	208.77M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	180.54M	182.57M	185.51M	187.36M	190.70M	192.85M	196.01M	198.07M	201.68M	205.22M	208.77M
Normalized Net Operating Profit after Tax (NOPAT)	232	-37	244	291	230	324	286	278	208	33	245
Normalized NOPAT Margin	7.01%	-1.03%	7.13%	8.24%	7.33%	8.34%	8.55%	8.12%	6.87%	0.89%	7.97%
Pre Tax Income Margin	7.29%	3.63%	7.35%	9.16%	7.56%	5.91%	9.00%	9.61%	7.51%	7.07%	8.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.31	-4.08	10.69	13.92	12.85	13.11	16.84	18.32	12.35	1.85	12.00
NOPAT to Interest Expense	8.00	-4.39	9.46	11.21	10.90	11.34	15.05	14.64	10.39	1.63	10.23
EBIT Less CapEx to Interest Expense	7.38	-9.92	7.96	10.96	9.70	4.47	12.89	13.95	9.25	-6.20	8.88
NOPAT Less CapEx to Interest Expense	6.07	-10.23	6.73	8.25	7.75	2.71	11.10	10.27	7.29	-6.42	7.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.33%	1.46%	1.36%	1.73%	1.72%	1.74%	1.69%	1.77%	1.86%	1.97%	2.02%
Augmented Payout Ratio	124.22%	137.62%	134.51%	130.42%	120.73%	128.56%	118.97%	120.88%	128.41%	102.67%	117.70%

Frequently Asked Questions About Textron's Financials

When does Textron's financial year end?

According to the most recent income statement we have on file, Textron's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Textron's net income changed over the last 9 years?

Textron's net income for the last 5 years looks like this:

2020: $309 million
2021: $746 million
2022: $861 million
2023: $921 million
2024: $824 million

See Textron's forecast for analyst expectations on what’s next for the company.

What is Textron's operating income?

Textron's total operating income in 2024 was $777 million, based on the following breakdown:

Total Gross Profit: $2.50 billion
Total Operating Expenses: $1.73 billion

How has Textron revenue changed over the last 9 years?

Over the last 9 years, Textron's total revenue changed from $13.42 billion in 2015 to $13.70 billion in 2024, a change of 2.1%.

How much debt does Textron have?

Textron's total liabilities were at $10.04 billion at the end of 2024, a 2.4% decrease from 2023, and a 3.0% increase since 2015.

How much cash does Textron have?

In the past 9 years, Textron's cash and equivalents has ranged from $1.01 billion in 2015 to $2.25 billion in 2020, and is currently $1.44 billion as of their latest financial filing in 2024.

How has Textron's book value per share changed over the last 9 years?

Over the last 9 years, Textron's book value per share changed from 18.14 in 2015 to 38.83 in 2024, a change of 114.1%.

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This page (NYSE:TXT) was last updated on 5/21/2025 by MarketBeat.com Staff

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Textron (TXT) Financials

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Textron (TXT) Financials

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