Textron (TXT) Financials

$65.97 +0.29 (+0.44%)

As of 04/14/2025 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	697	962	307	1,222	815	309	746	861	921	824
Consolidated Net Income / (Loss)	697	962	307	1,222	815	309	746	861	921	824
Net Income / (Loss) Continuing Operations	698	843	306	1,222	815	309	747	862	922	825
Total Pre-Tax Income	971	876	762	1,384	942	282	873	1,016	1,087	943
Total Operating Income	1,140	1,050	907	1,030	942	448	839	883	1,164	777
Total Gross Profit	2,444	2,490	2,371	2,378	2,224	1,557	2,085	2,670	2,848	2,502
Total Revenue	13,423	13,788	14,198	13,972	13,630	11,651	12,382	12,869	13,683	13,702
Operating Revenue	13,423	13,788	14,198	13,972	13,630	11,651	12,382	12,869	13,683	13,702
Total Cost of Revenue	10,979	11,298	11,827	11,594	11,406	10,094	10,297	10,199	10,835	11,200
Operating Cost of Revenue	10,979	11,298	11,827	11,594	11,406	10,094	10,297	10,199	10,835	11,200
Total Operating Expenses	1,304	1,440	1,464	1,348	1,282	1,109	1,246	1,787	1,684	1,725
Selling, General & Admin Expense	1,304	1,317	1,334	1,275	1,152	1,045	1,221	1,186	1,225	1,156
Research & Development Expense	-	-	-	-	-	-	-	601	570	491
Other Special Charges / (Income)	0.00	123	130	73	72	147	25	0.00	126	78
Total Other Income / (Expense), net	-169	-174	-145	354	0.00	-166	34	133	-77	166
Interest Expense	169	174	174	166	-	166	142	107	77	97
Other Income / (Expense), net	-	-	-	520	-	0.00	17	240	-	263
Income Tax Expense	273	33	456	162	127	-27	126	154	165	118
Net Income / (Loss) Discontinued Operations	-1.00	119	1.00	-	0.00	0.00	-1.00	-1.00	-1.00	-1.00
Basic Earnings per Share	$2.52	$3.55	-	-	$3.52	-	$3.33	$4.05	$4.61	$4.38
Weighted Average Basic Shares Outstanding	276.68M	270.77M	266.38M	250.20M	228.05M	226.28M	216.68M	205.22M	192.85M	182.57M
Diluted Earnings per Share	$2.50	$3.53	-	-	$3.50	-	$3.30	$4.01	$4.56	$4.33
Weighted Average Diluted Shares Outstanding	276.68M	270.77M	266.38M	250.20M	228.05M	226.28M	216.68M	205.22M	192.85M	182.57M
Weighted Average Basic & Diluted Shares Outstanding	276.68M	270.77M	266.38M	250.20M	228.05M	226.28M	216.68M	205.22M	192.85M	182.57M
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	225	226	191	263	269	198	201	259	223	141
Consolidated Net Income / (Loss)	225	226	191	263	269	198	201	259	223	141
Net Income / (Loss) Continuing Operations	225	226	191	263	269	199	201	260	223	141
Total Pre-Tax Income	264	257	227	329	301	230	237	323	252	131
Total Operating Income	288	37	247	348	320	249	257	348	278	-106
Total Gross Profit	494	1,154	493	578	564	1,213	521	588	492	901
Total Revenue	3,078	3,636	3,024	3,424	3,343	3,892	3,135	3,527	3,427	3,613
Operating Revenue	3,078	3,636	3,024	3,424	3,343	3,892	3,135	3,527	3,427	3,613
Total Cost of Revenue	2,584	2,482	2,531	2,846	2,779	2,679	2,614	2,939	2,935	2,712
Operating Cost of Revenue	2,584	2,482	2,531	2,846	2,779	2,679	2,614	2,939	2,935	2,712
Total Operating Expenses	206	1,117	246	230	244	964	264	240	214	1,007
Selling, General & Admin Expense	266	336	305	289	303	328	316	293	282	265
Other Special Charges / (Income)	-	-	0.00	0.00	0.00	126	14	13	-2.00	53
Total Other Income / (Expense), net	-24	220	-20	-19	-19	-19	-20	-25	-26	237
Interest Expense	24	20	20	19	19	19	20	25	26	26
Income Tax Expense	39	31	36	66	32	31	36	63	29	-10
Weighted Average Basic Shares Outstanding	208.77M	205.22M	201.68M	198.07M	196.01M	192.85M	190.70M	187.36M	185.51M	182.57M
Weighted Average Diluted Shares Outstanding	208.77M	205.22M	201.68M	198.07M	196.01M	192.85M	190.70M	187.36M	185.51M	182.57M
Weighted Average Basic & Diluted Shares Outstanding	208.77M	205.22M	201.68M	198.07M	196.01M	192.85M	190.70M	187.36M	185.51M	182.57M

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	15,956	16,293	16,393	16,485	16,492	17,517	16,414	16,427	16,452	17,518
Total Current Assets	7,413	8,036	8,165	7,585	7,585	8,405	7,304	7,322	7,337	7,751
Cash & Equivalents	1,884	2,035	1,799	1,750	1,716	2,181	1,466	1,411	1,347	1,441
Note & Lease Receivable	-	563	555	-	-	585	-	-	-	603
Accounts Receivable	836	855	928	953	892	868	894	847	888	949
Inventories, net	3,817	3,550	3,934	4,108	4,207	3,914	4,267	4,381	4,410	4,071
Other Current Assets	943	1,033	949	829	815	857	755	749	750	687
Plant, Property, & Equipment, net	2,443	2,523	2,505	2,487	2,451	2,477	2,451	0.00	0.00	2,529
Total Noncurrent Assets	6,033	5,734	5,723	6,358	6,411	5,974	6,581	9,039	9,057	6,558
Goodwill	2,262	2,283	2,289	2,291	2,281	2,295	2,288	2,295	2,307	2,288
Other Noncurrent Operating Assets	3,205	3,451	3,434	3,493	3,531	3,679	3,711	6,159	6,155	4,270
Total Liabilities & Shareholders' Equity	15,956	16,293	16,393	16,485	16,492	16,856	16,414	16,427	16,452	16,838
Total Liabilities	9,194	9,180	9,385	9,451	9,425	10,287	9,483	9,575	9,501	10,039
Total Current Liabilities	3,627	3,670	1,638	4,404	4,387	4,378	4,395	4,456	4,359	4,394
Short-Term Debt	7.00	7.00	357	357	357	357	357	357	357	357
Accounts Payable	887	1,018	1,281	1,227	1,216	1,023	1,136	1,120	1,097	943
Other Current Liabilities	2,733	2,645	0.00	2,820	2,814	2,998	2,902	2,979	2,905	3,094
Total Noncurrent Liabilities	5,567	5,510	7,747	5,047	5,038	5,491	5,088	5,119	5,142	5,240
Long-Term Debt	3,556	3,550	3,193	3,179	3,174	3,517	3,160	3,226	3,225	3,231
Other Noncurrent Operating Liabilities	2,011	1,960	4,554	1,868	1,864	1,974	1,928	1,893	1,917	2,009
Total Equity & Noncontrolling Interests	6,762	7,113	7,008	7,034	7,067	6,987	6,931	6,852	6,951	7,204
Total Preferred & Common Equity	6,762	7,113	7,008	7,034	7,067	6,987	6,931	6,852	6,951	7,204
Total Common Equity	6,762	7,113	7,008	7,034	7,067	6,987	6,931	6,852	6,951	7,204
Common Stock	2,008	1,906	1,968	1,999	2,057	1,934	2,037	2,075	2,111	1,983
Retained Earnings	6,492	5,903	6,090	6,349	6,614	5,862	6,059	6,314	6,533	5,607
Treasury Stock	-796	-84	-464	-740	-976	-165	-484	-844	-1,061	-82
Accumulated Other Comprehensive Income / (Loss)	-942	-612	-586	-574	-628	-644	-681	-693	-632	-304

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

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

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

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

Frequently Asked Questions About Textron's Financials

When does Textron's fiscal year end?

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

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

Textron's net income were at $824 million at the end of 2024, a 10.5% decrease from 2023, and a 18.2% increase since 2015.

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 4/15/2025 by MarketBeat.com Staff

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Textron (TXT) Financials

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Textron (TXT) Financials

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