TXT · Textron Inc
Key customers — 27% of revenue (2025)
“During 2025, we derived approximately 27% of our revenues from sales to a variety of U.S. Government entities.”
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | FY2026 (G) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $15.5B | $15.3B | $14.8BG | $13.7B | $13.68B | $12.87B | $12.38B | $11.65B | $13.63B | $13.97B | $14.2B | $13.79B | $13.42B | $13.88B | $12.1B | $12.24B | $11.28B | $10.53B | $10.5B | $14.01B | |
| — | -$133M | -$126M | -$97M | -$77M | -$107M | -$142M | -$166M | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $10.67B | — | — | — | — | — | $10.09B | $11.41B | $11.59B | $11.83B | $11.34B | $10.98B | $11.42B | $10.13B | $10.02B | $9.31B | $8.61B | $8.47B | $10.58B | |
| — | — | — | — | — | — | — | $1.56B | $2.22B | $2.38B | $2.37B | $2.45B | $2.44B | $2.46B | $1.97B | $2.22B | $1.97B | $1.92B | $2.03B | $3.43B | |
| — | — | — | — | — | — | — | 13.36% | 16.32% | 17.02% | 16.7% | 17.78% | 18.21% | 17.7% | 16.3% | 18.13% | 17.45% | 18.24% | 19.35% | 24.46% | |
| — | $488M | $521M | $491M | $570M | $601M | $619M | $549M | $647M | $643M | $634M | $677M | $778M | $694M | $651M | $584M | $525M | $403M | $401M | — | |
| — | $1.2B | $1.17B | $1.16B | $1.23B | $1.19B | $1.22B | $1.05B | $1.15B | $1.28B | $1.33B | $1.32B | $1.3B | $1.36B | $1.13B | $1.17B | $1.2B | $1.23B | $1.34B | $1.59B | |
| — | — | $32M | $34M | $39M | $52M | $51M | $54M | $59M | $66M | $69M | $66M | $61M | $62M | $37M | $40M | $51M | $52M | $52M | — | |
| — | $399M | $401M | $382M | $395M | $397M | $390M | $391M | $416M | $437M | $447M | $449M | $461M | $459M | $389M | $383M | $403M | $393M | $409M | $400M | |
| — | — | $8M | $81M | $39M | — | — | — | — | — | — | $90M | — | — | — | — | $0 | -$102M | $237M | — | |
| — | $12.79B | — | — | — | — | — | — | — | — | — | — | $12.45B | $13.03B | $11.43B | $11.4B | $10.94B | $10.44B | $10.65B | $13.38B | |
| — | $129M | — | — | — | — | $142M | $166M | $171M | $166M | $174M | $174M | $169M | $191M | $173M | $212M | $246M | $270M | $309M | $448M | |
| — | $1.17B | $1.14B | $943M | $1.09B | $1.02B | $873M | $282M | $942M | $1.38B | $762M | $876M | $971M | $853M | $674M | $841M | $337M | $86M | -$149M | $629M | |
| — | $227M | $214M | $118M | $165M | $154M | $126M | -$27M | $127M | $162M | $456M | $33M | $273M | $248M | $176M | $260M | $95M | -$6M | -$76M | $305M | |
| — | $937M | $921M | $824M | $921M | $861M | $746M | $309M | $815M | $1.22B | $307M | $962M | $697M | $600M | $498M | $589M | $242M | $86M | -$31M | $486M | |
| — | — | 6.22% | 6.01% | 6.73% | 6.69% | 6.02% | 2.65% | 5.98% | 8.75% | 2.16% | 6.98% | 5.19% | 4.32% | 4.11% | 4.81% | 2.15% | 0.82% | -0.3% | 3.47% | |
| — | $1.2B | $1.35B | $1.16B | $889M | $1.04B | $1.69B | $417M | $730M | $1.09B | $537M | $755M | $805M | $121M | $1.24B | $444M | -$67M | $91M | $70M | -$536M | |
| USD/shares | — | — | $5.15 | $4.38 | $4.61 | $4.05 | $3.33 | — | — | $4.88 | $1.15 | $3.55 | $2.52 | $2.15 | $1.78 | $2.10 | $0.87 | $0.31 | -$0.12 | $1.97 |
| USD/shares | $5.39 – $5.59 | — | $5.11G | $4.33 | $4.56 | $4.01 | $3.30 | — | — | $4.83 | $1.14 | $3.53 | $2.50 | $2.13 | $1.75 | $2.00 | $0.79 | $0.28 | -$0.12 | $1.94 |
| shares | — | — | 178.9M | 188.32M | 199.72M | 212.81M | 224.11M | 228.54M | 231.32M | 250.2M | 266.38M | 270.77M | 276.68M | 279.41M | 279.3M | 280.18M | 277.68M | 274.45M | 262.92M | — |
| shares | — | — | 180.26M | 190.31M | 201.77M | 214.97M | 226.52M | 228.98M | 232.71M | 253.24M | 268.75M | 272.37M | 278.73M | 281.79M | 284.43M | 294.66M | 307.26M | 302.56M | 262.92M | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $9.56B in buybacks, $618M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 44 similar-size Aerospace & Defense companies (of 86 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Textron Aviation | $5,955,000,000 | $5,284,000,000 | $5,373,000,000 | $5,073,000,000 | $4,566,000,000 | $3,974,000,000 | $5,187,000,000 | $4,971,000,000 |
| Bell | $4,282,000,000 | $3,579,000,000 | $3,147,000,000 | $3,091,000,000 | $3,364,000,000 | $3,309,000,000 | $3,254,000,000 | $3,180,000,000 |
| Industrial | $3,213,000,000 | $3,515,000,000 | $3,841,000,000 | $3,465,000,000 | $3,130,000,000 | $3,000,000,000 | $3,798,000,000 | $4,291,000,000 |
| Textron Systems | $1,247,000,000 | $1,241,000,000 | $1,235,000,000 | $1,172,000,000 | $1,273,000,000 | $1,313,000,000 | $1,325,000,000 | $1,464,000,000 |
| Finance | $75,000,000 | $50,000,000 | $55,000,000 | $52,000,000 | $49,000,000 | $55,000,000 | $66,000,000 | $66,000,000 |
| Textron E Aviation Segment | $27,000,000 | $33,000,000 | $32,000,000 | $16,000,000 | $0 | $0 | — | — |
By Geography (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| United States | $10,283,000,000 | $9,676,000,000 | $9,305,000,000 | $8,702,000,000 | $8,572,000,000 | $7,943,000,000 | $8,963,000,000 | $8,667,000,000 |
| International | $1,947,000,000 | $1,942,000,000 | $2,122,000,000 | $2,699,000,000 | $2,441,000,000 | $2,372,000,000 | $1,611,000,000 | $1,865,000,000 |
| Europe | $1,289,000,000 | $1,210,000,000 | $1,414,000,000 | $1,468,000,000 | $1,369,000,000 | $1,336,000,000 | $1,986,000,000 | $2,187,000,000 |
| South and Latin America | $1,280,000,000 | $874,000,000 | $842,000,000 | — | — | — | — | — |
| Asia and Australia | — | — | — | — | $1,133,000,000 | $1,106,000,000 | $1,070,000,000 | $1,253,000,000 |
| Other International Countries | — | — | — | — | $2,441,000,000 | $2,372,000,000 | $1,611,000,000 | $1,865,000,000 |
By Product & Service (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Aircraft | $3,922,000,000 | $3,374,000,000 | $3,577,000,000 | $3,387,000,000 | $3,116,000,000 | — | — | — |
| Military Aircraft and Support Programs | $2,618,000,000 | $2,048,000,000 | $1,701,000,000 | $1,740,000,000 | $2,073,000,000 | — | — | — |
| Aftermarket Parts and Services | $2,033,000,000 | $1,910,000,000 | $1,796,000,000 | $1,686,000,000 | $1,450,000,000 | — | — | — |
| Fuel Systems and Functional Components | $1,883,000,000 | $1,891,000,000 | $1,954,000,000 | $1,771,000,000 | $1,735,000,000 | — | — | — |
| Commercial Helicopters Parts and Services | $1,664,000,000 | $1,531,000,000 | $1,446,000,000 | $1,351,000,000 | $1,291,000,000 | — | — | — |
| Specialized Vehicles | $1,330,000,000 | $1,624,000,000 | $1,887,000,000 | $1,694,000,000 | $1,395,000,000 | — | — | — |
| Manufacturing Products and Services | — | — | — | — | — | $11,596,000,000 | $13,564,000,000 | $13,906,000,000 |
| Financial Service | — | — | — | — | — | $55,000,000 | $66,000,000 | $66,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Textron Aviation | $694,000,000 | $566,000,000 | $649,000,000 | $560,000,000 |
| Bell | $363,000,000 | $370,000,000 | $320,000,000 | $282,000,000 |
| Textron Systems | $175,000,000 | $154,000,000 | $147,000,000 | $132,000,000 |
| Industrial | $145,000,000 | $151,000,000 | $228,000,000 | $155,000,000 |
| Finance | $49,000,000 | $35,000,000 | $46,000,000 | $31,000,000 |
| Textron E Aviation Segment | -$63,000,000 | -$76,000,000 | -$63,000,000 | -$24,000,000 |
Operating Margin by Segment (%)
| Component | FY2026 | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Textron Aviation | 11.7% | 10.7% | 12.1% | 11% |
| Bell | 8.5% | 10.3% | 10.2% | 9.1% |
| Industrial | 4.5% | 4.3% | 5.9% | 4.5% |
| Textron Systems | 14% | 12.4% | 11.9% | 11.3% |
| Finance | 65.3% | 70% | 83.6% | 59.6% |
| Textron E Aviation Segment | -233.3% | -230.3% | -196.9% | -150% |