Cash flow Textron Inc.

Stocks

TXT

US8832031012

Aerospace & Defense

Real-time Estimate Cboe BZX Other stock markets 09:50:58 2026-07-20 am EDT			5-day change	1st Jan Change
92.06 ^USD	+0.64%		+3.07%	+5.73%

Jul. 15	Morgan Stanley Lowers Price Target on Textron to $97 From $101, Keeps Equalweight Rating	MT
Jul. 13	TD Cowen Adjusts Price Target on Textron to $105 From $115, Maintains Buy Rating	MT

0.oOFN69OIRdTrGffWYdN_S7qHm1neuoSJ_MePyxpK6EU.0ag-r7fREbuxIY6DBqA3DsD20GqV6Mr-z7TOpFQp2nfthye0v-sx4NlVww

Published financial data: TEXTRON INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: January	2021	2022	2023	2024	2025
Revenues	12.33B	12.82B	13.63B	13.65B	14.72B
Finance Div. Revenues	49M	52M	55M	50M	75M
Total Revenues	12.38B	12.87B	13.68B	13.7B	14.8B
Cost of Goods Sold, Total	10.3B	10.8B	11.4B	11.16B	12.1B
Finance Div. Operating Exp.	-	-	-	-4M	8M
Interest Expense - Finance Division	18M	13M	15M	19M	18M
Gross Profit	2.07B	2.06B	2.26B	2.52B	2.67B
Selling General & Admin Expenses, Total	1.06B	946M	988M	897M	899M
R&D Expenses	-	-	-	491M	521M
Other Operating Expenses, Total	1.06B	946M	988M	1.39B	1.42B
Operating Income	1B	1.11B	1.28B	1.14B	1.25B
Interest Expense, Total	-124M	-94M	-62M	-78M	-108M
Net Interest Expenses	-124M	-94M	-62M	-78M	-108M
EBT, Excl. Unusual Items	881M	1.02B	1.21B	1.06B	1.14B
Restructuring Charges	-25M	-	-126M	-78M	-4M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	17M	-	-	-	-
Asset Writedown	-	-	-	-38M	-
EBT, Incl. Unusual Items	873M	1.02B	1.09B	943M	1.14B
Income Tax Expense	126M	154M	165M	118M	214M
Earnings From Continuing Operations	747M	862M	922M	825M	923M
Earnings Of Discontinued Operations	-1M	-1M	-1M	-1M	-2M
Net Income to Company	746M	861M	921M	824M	921M
Net Income - (IS)	746M	861M	921M	824M	921M
Net Income to Common Incl Extra Items	746M	861M	921M	824M	921M
Net Income to Common Excl. Extra Items	747M	862M	922M	825M	923M
Per Share Items
Net EPS - Basic	3.33	4.05	4.61	4.38	5.15
Basic EPS - Continuing Operations	3.33	4.05	4.62	4.38	5.16
Basic Weighted Average Shares Outstanding	224M	213M	200M	188M	179M
Net EPS - Diluted	3.3	4.01	4.57	4.33	5.11
Diluted EPS - Continuing Operations	3.3	4.01	4.57	4.34	5.12
Diluted Weighted Average Shares Outstanding	227M	215M	202M	190M	180M
Normalized Basic EPS	2.46	2.98	3.8	3.51	3.99
Normalized Diluted EPS	2.43	2.95	3.76	3.48	3.96
Dividend Per Share	0.08	0.08	0.08	0.08	0.08
Payout Ratio	2.41	1.97	1.74	1.46	1.95
Supplemental Items
EBITDA	1.4B	1.51B	1.67B	1.52B	1.65B
EBITA	1.06B	1.16B	1.31B	1.17B	1.28B
EBIT	1B	1.11B	1.28B	1.14B	1.25B
EBITDAR	1.46B	1.58B	1.74B	1.59B	1.72B
Total Revenues (As Reported)	12.38B	12.87B	13.68B	13.7B	14.8B
Effective Tax Rate - (Ratio)	14.43	15.16	15.18	12.51	18.82
Current Domestic Taxes	56M	305M	285M	105M	1M
Current Foreign Taxes	47M	69M	72M	61M	58M
Total Current Taxes	103M	374M	357M	166M	59M
Deferred Domestic Taxes	25M	-211M	-180M	-58M	159M
Deferred Foreign Taxes	-2M	-9M	-12M	10M	-4M
Total Deferred Taxes	23M	-220M	-192M	-48M	155M
Normalized Net Income	551M	635M	758M	662M	713M
Non-Cash Pension Expense	-157M	-237M	-234M	-261M	-263M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	619M	601M	570M	491M	521M
Net Rental Expense, Total	66M	69M	69M	74M	73M
Imputed Operating Lease Interest Expense	17.17M	14.56M	9.16M	12.27M	16.68M
Imputed Operating Lease Depreciation	48.83M	54.44M	59.84M	61.73M	56.32M
Stock-Based Comp., Other (Total)	138M	66M	94M	66M	81M
Total Stock-Based Compensation	138M	66M	94M	66M	81M

Fiscal Period: January	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.92B	1.96B	2.12B	1.39B	1.94B
Total Cash And Short Term Investments	1.92B	1.96B	2.12B	1.39B	1.94B
Accounts Receivable, Total	1.56B	1.54B	1.38B	1.29B	1.27B
Total Receivables	1.56B	1.54B	1.38B	1.29B	1.27B
Inventory	3.47B	3.55B	3.91B	4.07B	4.28B
Finance Division Loans and Leases Current	605M	563M	585M	603M	574M
Finance Division Other Current Assets, Total	195M	72M	60M	55M	85M
Other Current Assets, Total	301M	353M	344M	342M	421M
Total Current Assets	8.05B	8.04B	8.4B	7.75B	8.57B
Gross Property Plant And Equipment	7.8B	7.98B	8.1B	8.36B	8.76B
Accumulated Depreciation	-4.89B	-5.08B	-5.25B	-5.47B	-5.78B
Net Property Plant And Equipment	2.91B	2.9B	2.85B	2.89B	2.98B
Goodwill	2.15B	2.28B	2.3B	2.29B	2.32B
Finance Division Other Long-Term Assets, Total	67M	29M	16M	22M	18M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.65B	3.05B	3.29B	3.89B	4.24B
Total Assets	15.83B	16.29B	16.86B	16.84B	18.13B
Liabilities
Accounts Payable, Total	786M	1.02B	1.02B	943M	1.18B
Accrued Expenses, Total	477M	414M	466M	456M	442M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	6M	7M	357M	357M	-
Current Portion of Leases	56M	54M	55M	55M	63M
Finance Division Debt Current	263M	13M	8M	26M	-
Unearned Revenue Current, Total	1.1B	1.42B	1.6B	1.73B	1.9B
Other Current Liabilities	706M	761M	882M	849M	766M
Total Current Liabilities	3.4B	3.68B	4.39B	4.42B	4.35B
Long-Term Debt	3.18B	3.18B	3.17B	2.79B	3.44B
Long-Term Leases	325M	326M	326M	413M	441M
Finance Division Debt Non Current	319M	362M	340M	315M	339M
Finance Division Other Non Current Liabilities, Total	110M	81M	70M	64M	48M
Pension & Other Post Retirement Benefits	673M	-	452M	404M	400M
Deferred Tax Liability Non Current	49M	52M	56M	96M	123M
Other Non Current Liabilities	958M	1.5B	1.07B	1.13B	1.11B
Total Liabilities	9.01B	9.18B	9.87B	9.63B	10.25B
Common Stock, Total	28M	26M	24M	23M	22M
Additional Paid In Capital	1.86B	1.88B	1.91B	1.96B	2B
Retained Earnings	5.87B	5.9B	5.86B	5.61B	5.78B
Treasury Stock	-157M	-84M	-165M	-82M	-55M
Comprehensive Income and Other	-789M	-612M	-644M	-304M	129M
Total Common Equity	6.82B	7.11B	6.99B	7.2B	7.88B
Total Equity	6.82B	7.11B	6.99B	7.2B	7.88B
Total Liabilities And Equity	15.83B	16.29B	16.86B	16.84B	18.13B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	217M	205M	193M	183M	174M
ECS Total Common Shares Outstanding	217M	206M	193M	183M	174M
Book Value / Share	31.42	34.5	36.22	39.37	45.18
Tangible Book Value	4.67B	4.83B	4.69B	4.92B	5.55B
Tangible Book Value Per Share	21.51	23.43	24.32	26.86	31.86
Total Debt	4.15B	3.94B	4.26B	3.96B	4.28B
Net Debt	2.23B	1.97B	2.13B	2.57B	2.34B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-608M	-1.1B	-1.21B	-1.98B	-2.64B
Debt Equivalent Oper. Leases	528M	552M	552M	592M	584M
Account Code - Inventory Valuation	6	4	5	5	5
LIFO Reserve, Total	-523M	-594M	-701M	-877M	-1.1B
Inventories - Raw Materials, Total	849M	1.02B	1.11B	1.16B	1.11B
Inventories - Work In Process, Total	1.55B	1.54B	1.74B	1.77B	2.06B
Inventories - Finished Goods, Total	1.07B	991M	1.07B	1.14B	1.1B
Inventories - Others	-	-	-	-	-
Land - (BS)	2.1B	2.14B	2.23B	2.36B	2.51B
Machinery, Total	5.33B	5.47B	5.5B	5.64B	5.86B
Full Time Employees	33K	34K	35K	34K	34K
Accumulated Allowance for Doubtful Accounts (Supple)	24M	24M	26M	19M	16M
Order Backlog	10.14B	13.27B	13.9B	17.91B	18.82B

Fiscal Period: January	2021	2022	2023	2024	2025
Net Income	746M	861M	921M	824M	921M
Depreciation & Amortization - CF	339M	345M	356M	348M	369M
Amortization of Goodwill and Intangible Assets - (CF)	51M	52M	39M	34M	32M
Depreciation & Amortization, Total	390M	397M	395M	382M	401M
(Gain) Loss From Sale Of Asset	-17M	-	-	-	-4M
Asset Writedown & Restructuring Costs	13M	2M	88M	41M	1M
Net Cash From Discontinued Operations	-1M	-2M	-1M	-1M	-1M
Other Operating Activities, Total	114M	-117M	-99M	79M	292M
Change In Accounts Receivable	-58M	-26M	-9M	-96M	107M
Change In Inventories	45M	-55M	-359M	-194M	-264M
Change In Accounts Payable	13M	235M	2M	-69M	197M
Change In Income Taxes	11M	18M	4M	-26M	-45M
Change in Other Net Operating Assets	342M	175M	324M	74M	-293M
Cash from Operations	1.6B	1.49B	1.27B	1.01B	1.31B
Capital Expenditure	-375M	-354M	-402M	-364M	-383M
Sale of Property, Plant, and Equipment	-	22M	18M	4M	9M
Cash Acquisitions	-	-202M	-1M	-13M	-1M
Divestitures	38M	-	-	-	16M
Net (Increase) Decrease in Loans Originated / Sold - Investing	19M	20M	26M	4M	-16M
Other Investing Activities, Total	37M	67M	42M	85M	168M
Cash from Investing	-281M	-447M	-317M	-284M	-207M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	348M	-	991M
Total Debt Issued	-	-	348M	-	991M
Short Term Debt Repaid, Total	-	-14M	-	-1M	-
Long-Term Debt Repaid, Total	-621M	-234M	-44M	-377M	-720M
Total Debt Repaid	-621M	-248M	-44M	-378M	-720M
Issuance of Common Stock	116M	44M	73M	88M	40M
Repurchase of Common Stock	-921M	-867M	-1.17B	-1.12B	-822M
Common Dividends Paid	-18M	-17M	-16M	-12M	-18M
Common & Preferred Stock Dividends Paid	-18M	-17M	-16M	-12M	-18M
Other Financing Activities, Total	-2M	-3M	-6M	-30M	-14M
Cash from Financing	-1.45B	-1.09B	-813M	-1.45B	-543M
Foreign Exchange Rate Adjustments	-8M	-32M	10M	-16M	22M
Net Change in Cash	-137M	-82M	146M	-740M	584M
Supplemental Items
Cash Interest Paid	145M	123M	122M	142M	152M
Cash Income Tax Paid (Refund)	93M	356M	352M	191M	104M
Levered Free Cash Flow	1.3B	1.34B	999M	707M	853M
Unlevered Free Cash Flow	1.38B	1.4B	1.04B	756M	921M
Change In Net Working Capital	-601M	-599M	-154M	39M	-41M
Net Debt Issued / Repaid	-621M	-248M	304M	-378M	271M

Fiscal Period: January	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.02	4.32	4.81	4.22	4.46
Return on Total Capital	5.83	6.3	7.15	6.34	6.69
Return On Equity %	11.8	12.38	13.08	11.63	12.24
Return on Common Equity	11.8	12.38	13.08	11.63	12.24
Margin Analysis
Gross Profit Margin %	16.69	15.98	16.54	18.43	18.04
SG&A Margin	8.58	7.35	7.22	6.55	6.07
EBITDA Margin %	11.27	11.71	12.2	11.09	11.15
EBITA Margin %	8.53	9.03	9.6	8.55	8.66
EBIT Margin %	8.12	8.63	9.32	8.3	8.44
Income From Continuing Operations Margin %	6.03	6.7	6.74	6.02	6.24
Net Income Margin %	6.02	6.69	6.73	6.01	6.22
Net Avail. For Common Margin %	6.03	6.7	6.74	6.02	6.24
Normalized Net Income Margin	4.45	4.93	5.54	4.83	4.82
Levered Free Cash Flow Margin	10.54	10.44	7.3	5.16	5.76
Unlevered Free Cash Flow Margin	11.16	10.89	7.59	5.51	6.22
Asset Turnover
Asset Turnover	0.79	0.8	0.83	0.81	0.85
Fixed Assets Turnover	4.29	4.43	4.77	4.78	5.04
Receivables Turnover (Average Receivables)	8.5	8.3	9.35	10.21	11.47
Inventory Turnover (Average Inventory)	2.95	3.08	3.06	2.8	2.9
Short Term Liquidity
Current Ratio	2.37	2.18	1.92	1.75	1.97
Quick Ratio	1.26	1.12	0.95	0.76	0.89
Operating Cash Flow to Current Liabilities	0.47	0.4	0.29	0.23	0.3
Days Sales Outstanding (Average Receivables)	42.84	43.88	38.94	35.66	32.35
Days Outstanding Inventory (Average Inventory)	123.39	118.27	119.11	130.2	127.95
Average Days Payable Outstanding	27.73	30.17	31.56	31.61	32.06
Cash Conversion Cycle (Average Days)	138.5	131.97	126.49	134.25	128.24
Long Term Solvency
Total Debt/Equity	60.87	55.35	60.9	54.96	54.37
Total Debt / Total Capital	37.84	35.63	37.85	35.47	35.22
LT Debt/Equity	56.1	54.31	54.89	48.88	53.57
Long-Term Debt / Total Capital	34.87	34.96	34.11	31.54	34.7
Total Liabilities / Total Assets	56.94	56.34	58.55	57.22	56.56
EBIT / Interest Expense	8.1	11.81	20.56	14.58	11.56
EBITDA / Interest Expense	11.78	16.77	28.05	20.42	15.95
(EBITDA - Capex) / Interest Expense	8.76	13	21.56	15.76	12.41
Total Debt / EBITDA	2.84	2.5	2.45	2.49	2.49
Net Debt / EBITDA	1.52	1.25	1.23	1.62	1.36
Total Debt / (EBITDA - Capex)	3.82	3.22	3.18	3.22	3.2
Net Debt / (EBITDA - Capex)	2.05	1.62	1.6	2.09	1.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.27	3.93	6.33	0.14	8.01
Gross Profit, 1 Yr. Growth %	29.92	-0.53	10.07	-11.09	5.7
EBITDA, 1 Yr. Growth %	36.76	8.03	10.82	-9.1	8.62
EBITA, 1 Yr. Growth %	54.61	10.04	13.08	-10.95	9.39
EBIT, 1 Yr. Growth %	59.78	10.45	14.86	-10.89	9.85
Earnings From Cont. Operations, 1 Yr. Growth %	141.75	15.39	6.96	-10.52	11.88
Net Income, 1 Yr. Growth %	141.42	15.42	6.97	-10.53	11.77
Normalized Net Income, 1 Yr. Growth %	82.02	15.32	19.39	-12.77	7.74
Diluted EPS Before Extra, 1 Yr. Growth %	144.44	21.52	13.96	-5.03	17.97
Accounts Receivable, 1 Yr. Growth %	15.36	-1.29	-10.03	-6.3	-1.55
Inventory, 1 Yr. Growth %	-1.28	2.36	10.25	4.01	5.08
Net Property, Plant and Equip., 1 Yr. Growth %	1.64	-0.58	-1.62	1.44	3.15
Total Assets, 1 Yr. Growth %	2.49	2.94	3.46	-0.11	7.67
Tangible Book Value, 1 Yr. Growth %	26.52	3.51	-2.86	4.77	12.98
Common Equity, 1 Yr. Growth %	16.6	4.37	-1.77	3.11	9.31
Cash From Operations, 1 Yr. Growth %	108.07	-6.88	-14.92	-19.91	29.39
Capital Expenditures, 1 Yr. Growth %	18.3	-5.6	13.56	-9.45	5.22
Levered Free Cash Flow, 1 Yr. Growth %	136.99	28.93	-24.88	-28.72	25.3
Unlevered Free Cash Flow, 1 Yr. Growth %	115.58	25.25	-25.27	-26.67	26.18
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.69	5.1	5.12	3.19	4
Gross Profit, 2 Yr. CAGR %	-3.05	13.68	4.63	-2.41	-3.04
EBITDA, 2 Yr. CAGR %	-5.92	21.55	9.41	0.33	-0.6
EBITA, 2 Yr. CAGR %	-6.93	30.43	11.55	0.3	-1.26
EBIT, 2 Yr. CAGR %	-6.92	32.84	12.63	1.12	-1.02
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.26	67.02	11.1	-2.17	0.05
Net Income, 2 Yr. CAGR %	-4.33	66.93	11.11	-2.17	0
Normalized Net Income, 2 Yr. CAGR %	-6.79	44.89	17.34	1.99	-3.01
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.9	72.35	17.68	4.03	5.85
Accounts Receivable, 2 Yr. CAGR %	2.23	6.71	-5.76	-8.19	-3.95
Inventory, 2 Yr. CAGR %	-7.68	0.53	6.24	7.09	4.55
Net Property, Plant and Equip., 2 Yr. CAGR %	1.91	0.52	-1.11	-0.1	2.29
Total Assets, 2 Yr. CAGR %	2.66	2.72	3.2	1.66	3.71
Tangible Book Value, 2 Yr. CAGR %	17.7	14.44	0.28	0.89	8.8
Common Equity, 2 Yr. CAGR %	11.13	10.31	1.25	0.64	6.16
Cash From Operations, 2 Yr. CAGR %	25.54	39.19	-10.99	-17.45	1.8
Capital Expenditures, 2 Yr. CAGR %	5.18	5.67	3.54	1.4	-2.39
Levered Free Cash Flow, 2 Yr. CAGR %	58.89	56.19	-2.06	-27.13	-7.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	50.77	47.86	-3.7	-26.27	-5.45
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.95	-1.9	5.5	3.43	4.77
Gross Profit, 3 Yr. CAGR %	-4.15	-2.22	12.46	6.9	0.23
EBITDA, 3 Yr. CAGR %	-4.17	-1.48	17.86	2.88	3.02
EBITA, 3 Yr. CAGR %	-4.54	-1.58	24.37	3.51	3.24
EBIT, 3 Yr. CAGR %	-4.34	-1.46	26.56	4.2	3.95
Earnings From Cont. Operations, 3 Yr. CAGR %	-15.13	1.89	43.97	3.37	2.31
Net Income, 3 Yr. CAGR %	-15.17	1.85	43.91	3.37	2.27
Normalized Net Income, 3 Yr. CAGR %	-4.55	0.07	35.83	6.33	3.88
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.92	4.64	50.15	9.56	8.49
Accounts Receivable, 3 Yr. CAGR %	1.55	1.04	0.81	-5.94	-6.02
Inventory, 3 Yr. CAGR %	-3.15	-4.45	3.67	5.49	6.42
Net Property, Plant and Equip., 3 Yr. CAGR %	3.65	1.07	-0.2	-0.26	0.97
Total Assets, 3 Yr. CAGR %	3.53	2.75	2.96	2.09	3.62
Tangible Book Value, 3 Yr. CAGR %	16.2	12.77	8.36	1.76	4.77
Common Equity, 3 Yr. CAGR %	9.49	8.83	6.13	1.87	3.45
Cash From Operations, 3 Yr. CAGR %	13.02	13.64	18.13	-14.07	-4.11
Capital Expenditures, 3 Yr. CAGR %	0.54	1.45	8.24	-0.99	2.66
Levered Free Cash Flow, 3 Yr. CAGR %	18.65	37.49	21.98	-12.12	-13.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	16.89	32.11	17.42	-12.27	-12.83
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.13	-1.95	-0.42	0.11	4.9
Gross Profit, 5 Yr. CAGR %	-3.06	-2.57	-0.73	2.8	10.9
EBITDA, 5 Yr. CAGR %	-2.53	0.31	1.05	-0.73	10.1
EBITA, 5 Yr. CAGR %	-2.57	0.99	1.6	-0.8	13.4
EBIT, 5 Yr. CAGR %	-2.44	1.37	2.12	-0.4	14.7
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.39	23.01	-5.48	0.24	24.47
Net Income, 5 Yr. CAGR %	-4.96	22.91	-5.5	0.22	24.41
Normalized Net Income, 5 Yr. CAGR %	-2.48	2.64	3.67	0.87	18.71
Diluted EPS Before Extra, 5 Yr. CAGR %	1.32	28.6	-1.1	4.4	30.55
Accounts Receivable, 5 Yr. CAGR %	7.88	2.41	-1.44	-2.76	-1.12
Inventory, 5 Yr. CAGR %	-4.92	-3.08	0.5	0.01	4.02
Net Property, Plant and Equip., 5 Yr. CAGR %	2.44	1.25	1.72	0.6	0.79
Total Assets, 5 Yr. CAGR %	0.6	1.21	3.4	2.31	3.26
Tangible Book Value, 5 Yr. CAGR %	6.16	8.03	9.55	7.86	8.53
Common Equity, 5 Yr. CAGR %	4.1	4.72	6.12	5.48	6.14
Cash From Operations, 5 Yr. CAGR %	11.55	9.71	2.72	0	11.3
Capital Expenditures, 5 Yr. CAGR %	-3.41	-3.5	1.73	1.43	3.86
Levered Free Cash Flow, 5 Yr. CAGR %	29.06	9.93	5.05	6.47	9.16
Unlevered Free Cash Flow, 5 Yr. CAGR %	25.13	8.62	3.7	4.44	7.5
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0