Financial Ratios Textron Inc.

Equities

TXT

US8832031012

Aerospace & Defense

Real-time Estimate Cboe BZX Other stock markets 09:48:03 2025-07-10 am EDT			5-day change	1st Jan Change
84.54 ^USD	+2.50%		+1.74%	+9.37%

Jul. 01	Goldman Sachs Downgrades Textron to Neutral From Buy, Adjusts Price Target to $85 From $95	MT
Jun. 12	Jefferies Hikes Textron Price Target to $95 From $85, Maintains Buy Rating	MT

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Published financial data: TEXTRON INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	11.6B	12.33B	12.82B	13.63B	13.65B
Finance Div. Revenues	55M	49M	52M	55M	50M
Total Revenues	11.65B	12.38B	12.87B	13.68B	13.7B
Cost of Goods Sold, Total	10.04B	10.3B	10.8B	11.4B	11.16B
Finance Div. Operating Exp.	-	-	-	-	-4M
Interest Expense - Finance Division	21M	18M	13M	15M	19M
Gross Profit	1.59B	2.07B	2.06B	2.26B	2.52B
Selling General & Admin Expenses, Total	962M	1.06B	946M	988M	897M
R&D Expenses	-	-	-	-	491M
Other Operating Expenses, Total	962M	1.06B	946M	988M	1.39B
Operating Income	629M	1B	1.11B	1.28B	1.14B
Interest Expense, Total	-145M	-124M	-94M	-62M	-78M
Net Interest Expenses	-145M	-124M	-94M	-62M	-78M
EBT, Excl. Unusual Items	484M	881M	1.02B	1.21B	1.06B
Restructuring Charges	-163M	-25M	-	-126M	-78M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	17M	-	-	-
Asset Writedown	-39M	-	-	-	-38M
EBT, Incl. Unusual Items	282M	873M	1.02B	1.09B	943M
Income Tax Expense	-27M	126M	154M	165M	118M
Earnings From Continuing Operations	309M	747M	862M	922M	825M
Earnings Of Discontinued Operations	-	-1M	-1M	-1M	-1M
Net Income to Company	309M	746M	861M	921M	824M
Net Income - (IS)	309M	746M	861M	921M	824M
Net Income to Common Incl Extra Items	309M	746M	861M	921M	824M
Net Income to Common Excl. Extra Items	309M	747M	862M	922M	825M
Per Share Items
Net EPS - Basic	1.35	3.33	4.05	4.61	4.38
Basic EPS - Continuing Operations	1.35	3.33	4.05	4.62	4.38
Basic Weighted Average Shares Outstanding	229M	224M	213M	200M	188M
Net EPS - Diluted	1.35	3.3	4.01	4.57	4.33
Diluted EPS - Continuing Operations	1.35	3.3	4.01	4.57	4.34
Diluted Weighted Average Shares Outstanding	229M	227M	215M	202M	190M
Normalized Basic EPS	1.32	2.46	2.98	3.8	3.51
Normalized Diluted EPS	1.32	2.43	2.95	3.76	3.48
Dividend Per Share	0.08	0.08	0.08	0.08	0.08
Payout Ratio	5.83	2.41	1.97	1.74	1.46
Supplemental Items
EBITDA	1.02B	1.4B	1.51B	1.67B	1.52B
EBITA	683M	1.06B	1.16B	1.31B	1.17B
EBIT	629M	1B	1.11B	1.28B	1.14B
EBITDAR	1.08B	1.46B	1.58B	1.74B	1.59B
Total Revenues (As Reported)	11.65B	12.38B	12.87B	13.68B	13.7B
Effective Tax Rate - (Ratio)	-9.57	14.43	15.16	15.18	12.51
Current Domestic Taxes	-77M	56M	305M	285M	105M
Current Foreign Taxes	57M	47M	69M	72M	61M
Total Current Taxes	-20M	103M	374M	357M	166M
Deferred Domestic Taxes	8M	25M	-211M	-180M	-58M
Deferred Foreign Taxes	-15M	-2M	-9M	-12M	10M
Total Deferred Taxes	-7M	23M	-220M	-192M	-48M
Normalized Net Income	302M	551M	635M	758M	662M
Non-Cash Pension Expense	-85M	-157M	-237M	-234M	-261M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	549M	619M	601M	570M	491M
Net Rental Expense, Total	61M	66M	69M	69M	74M
Imputed Operating Lease Interest Expense	18.96M	17.17M	14.56M	9.16M	12.27M
Imputed Operating Lease Depreciation	42.04M	48.83M	54.44M	59.84M	61.73M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	57M	138M	66M	94M	66M
Total Stock-Based Compensation	57M	138M	66M	94M	66M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.15B	1.92B	1.96B	2.12B	1.39B
Total Cash And Short Term Investments	2.15B	1.92B	1.96B	2.12B	1.39B
Accounts Receivable, Total	1.35B	1.56B	1.54B	1.38B	1.29B
Total Receivables	1.35B	1.56B	1.54B	1.38B	1.29B
Inventory	3.51B	3.47B	3.55B	3.91B	4.07B
Finance Division Loans and Leases Current	744M	605M	563M	585M	603M
Finance Division Other Current Assets, Total	108M	195M	72M	60M	55M
Other Current Assets, Total	389M	301M	353M	344M	342M
Total Current Assets	8.25B	8.05B	8.04B	8.4B	7.75B
Gross Property Plant And Equipment	7.56B	7.8B	7.98B	8.1B	8.36B
Accumulated Depreciation	-4.7B	-4.89B	-5.08B	-5.25B	-5.47B
Net Property Plant And Equipment	2.86B	2.91B	2.9B	2.85B	2.89B
Goodwill	2.16B	2.15B	2.28B	2.3B	2.29B
Finance Division Other Long-Term Assets, Total	86M	67M	29M	16M	22M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.09B	2.65B	3.05B	3.29B	3.89B
Total Assets	15.44B	15.83B	16.29B	16.86B	16.84B
Liabilities
Accounts Payable, Total	776M	786M	1.02B	1.02B	943M
Accrued Expenses, Total	381M	477M	414M	466M	456M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	507M	6M	7M	357M	357M
Current Portion of Leases	49M	56M	54M	55M	55M
Finance Division Debt Current	13M	263M	13M	8M	26M
Unearned Revenue Current, Total	758M	1.1B	1.42B	1.6B	1.73B
Other Current Liabilities	799M	706M	761M	882M	849M
Total Current Liabilities	3.28B	3.4B	3.68B	4.39B	4.42B
Long-Term Debt	3.16B	3.18B	3.18B	3.17B	2.79B
Long-Term Leases	344M	325M	326M	326M	413M
Finance Division Debt Non Current	649M	319M	362M	340M	315M
Finance Division Other Non Current Liabilities, Total	111M	110M	81M	70M	64M
Pension & Other Post Retirement Benefits	1.15B	673M	-	452M	404M
Deferred Tax Liability Non Current	19M	49M	52M	56M	96M
Other Non Current Liabilities	884M	958M	1.5B	1.07B	1.13B
Total Liabilities	9.6B	9.01B	9.18B	9.87B	9.63B
Common Stock, Total	29M	28M	26M	24M	23M
Additional Paid In Capital	1.78B	1.86B	1.88B	1.91B	1.96B
Retained Earnings	5.97B	5.87B	5.9B	5.86B	5.61B
Treasury Stock	-203M	-157M	-84M	-165M	-82M
Comprehensive Income and Other	-1.74B	-789M	-612M	-644M	-304M
Total Common Equity	5.84B	6.82B	7.11B	6.99B	7.2B
Total Equity	5.84B	6.82B	7.11B	6.99B	7.2B
Total Liabilities And Equity	15.44B	15.83B	16.29B	16.86B	16.84B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	226M	217M	205M	193M	183M
ECS Total Common Shares Outstanding	226M	217M	206M	193M	183M
Book Value / Share	25.82	31.42	34.5	36.22	39.37
Tangible Book Value	3.69B	4.67B	4.83B	4.69B	4.92B
Tangible Book Value Per Share	16.29	21.51	23.43	24.32	26.86
Total Debt	4.72B	4.15B	3.94B	4.26B	3.96B
Net Debt	2.58B	2.23B	1.97B	2.13B	2.57B
Debt Equivalent of Unfunded Proj. Benefit Obligation	753M	-608M	-1.1B	-1.21B	-1.98B
Debt Equivalent Oper. Leases	488M	528M	552M	552M	592M
Account Code - Inventory Valuation	6	6	4	5	5
LIFO Reserve, Total	-507M	-523M	-594M	-701M	-877M
Inventories - Raw Materials, Total	830M	849M	1.02B	1.11B	1.16B
Inventories - Work In Process, Total	1.46B	1.55B	1.54B	1.74B	1.77B
Inventories - Finished Goods, Total	1.23B	1.07B	991M	1.07B	1.14B
Inventories - Others	-	-	-	-	-
Land - (BS)	2.03B	2.1B	2.14B	2.23B	2.36B
Machinery, Total	5.18B	5.33B	5.47B	5.5B	5.64B
Full Time Employees	33K	33K	34K	35K	34K
Accumulated Allowance for Doubtful Accounts (Supple)	36M	24M	24M	26M	19M
Order Backlog	9.5B	10.14B	13.27B	13.9B	17.91B

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	309M	746M	861M	921M	824M
Depreciation & Amortization - CF	337M	339M	345M	356M	348M
Amortization of Goodwill and Intangible Assets - (CF)	54M	51M	52M	39M	34M
Depreciation & Amortization, Total	391M	390M	397M	395M	382M
(Gain) Loss From Sale Of Asset	-	-17M	-	-	-
Asset Writedown & Restructuring Costs	116M	13M	2M	88M	41M
Net Cash From Discontinued Operations	-1M	-1M	-2M	-1M	-1M
Other Operating Activities, Total	88M	114M	-117M	-99M	79M
Change In Accounts Receivable	149M	-58M	-26M	-9M	-96M
Change In Inventories	434M	45M	-55M	-359M	-194M
Change In Accounts Payable	-613M	13M	235M	2M	-69M
Change In Income Taxes	-62M	11M	18M	4M	-26M
Change in Other Net Operating Assets	-43M	342M	175M	324M	74M
Cash from Operations	768M	1.6B	1.49B	1.27B	1.01B
Capital Expenditure	-317M	-375M	-354M	-402M	-364M
Sale of Property, Plant, and Equipment	-	-	22M	18M	4M
Cash Acquisitions	-15M	-	-202M	-1M	-13M
Divestitures	-	38M	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	22M	19M	20M	26M	4M
Other Investing Activities, Total	62M	37M	67M	42M	85M
Cash from Investing	-248M	-281M	-447M	-317M	-284M
Short Term Debt Issued, Total	377M	-	-	-	-
Long-Term Debt Issued, Total	1.14B	-	-	348M	-
Total Debt Issued	1.51B	-	-	348M	-
Short Term Debt Repaid, Total	-377M	-	-14M	-	-1M
Long-Term Debt Repaid, Total	-593M	-621M	-234M	-44M	-377M
Total Debt Repaid	-970M	-621M	-248M	-44M	-378M
Issuance of Common Stock	22M	116M	44M	73M	88M
Repurchase of Common Stock	-183M	-921M	-867M	-1.17B	-1.12B
Common Dividends Paid	-18M	-18M	-17M	-16M	-12M
Common & Preferred Stock Dividends Paid	-18M	-18M	-17M	-16M	-12M
Other Financing Activities, Total	-5M	-2M	-3M	-6M	-30M
Cash from Financing	360M	-1.45B	-1.09B	-813M	-1.45B
Foreign Exchange Rate Adjustments	17M	-8M	-32M	10M	-16M
Net Change in Cash	897M	-137M	-82M	146M	-740M
Supplemental Items
Cash Interest Paid	159M	145M	123M	122M	142M
Cash Income Tax Paid (Refund)	42M	93M	356M	352M	191M
Levered Free Cash Flow	564M	1.3B	1.34B	999M	707M
Unlevered Free Cash Flow	654M	1.38B	1.4B	1.04B	756M
Change In Net Working Capital	-130M	-601M	-599M	-154M	39M
Net Debt Issued / Repaid	544M	-621M	-248M	304M	-378M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.58	4.02	4.32	4.81	4.22
Return on Total Capital	3.9	5.83	6.3	7.15	6.34
Return On Equity %	5.44	11.8	12.38	13.08	11.63
Return on Common Equity	5.44	11.8	12.38	13.08	11.63
Margin Analysis
Gross Profit Margin %	13.66	16.69	15.98	16.54	18.43
SG&A Margin	8.26	8.58	7.35	7.22	6.55
EBITDA Margin %	8.75	11.27	11.71	12.2	11.09
EBITA Margin %	5.86	8.53	9.03	9.6	8.55
EBIT Margin %	5.4	8.12	8.63	9.32	8.3
Income From Continuing Operations Margin %	2.65	6.03	6.7	6.74	6.02
Net Income Margin %	2.65	6.02	6.69	6.73	6.01
Net Avail. For Common Margin %	2.65	6.03	6.7	6.74	6.02
Normalized Net Income Margin	2.6	4.45	4.93	5.54	4.83
Levered Free Cash Flow Margin	4.84	10.54	10.44	7.3	5.16
Unlevered Free Cash Flow Margin	5.61	11.16	10.89	7.59	5.51
Asset Turnover
Asset Turnover	0.76	0.79	0.8	0.83	0.81
Fixed Assets Turnover	4.11	4.29	4.43	4.77	4.78
Receivables Turnover (Average Receivables)	8.18	8.5	8.3	9.35	10.21
Inventory Turnover (Average Inventory)	2.65	2.95	3.08	3.06	2.8
Short Term Liquidity
Current Ratio	2.51	2.37	2.18	1.92	1.75
Quick Ratio	1.32	1.26	1.12	0.95	0.76
Operating Cash Flow to Current Liabilities	0.23	0.47	0.4	0.29	0.23
Days Sales Outstanding (Average Receivables)	44.51	42.84	43.88	38.94	35.66
Days Outstanding Inventory (Average Inventory)	137.46	123.39	118.27	119.11	130.2
Average Days Payable Outstanding	41.34	27.73	30.17	31.56	31.61
Cash Conversion Cycle (Average Days)	140.63	138.5	131.97	126.49	134.25
Long Term Solvency
Total Debt/Equity	80.79	60.87	55.35	60.9	54.96
Total Debt / Total Capital	44.69	37.84	35.63	37.85	35.47
LT Debt/Equity	71.05	56.1	54.31	54.89	48.88
Long-Term Debt / Total Capital	39.3	34.87	34.96	34.11	31.54
Total Liabilities / Total Assets	62.15	56.94	56.34	58.55	57.22
EBIT / Interest Expense	4.34	8.1	11.81	20.56	14.58
EBITDA / Interest Expense	7.46	11.78	16.77	28.05	20.42
(EBITDA - Capex) / Interest Expense	5.27	8.76	13	21.56	15.76
Total Debt / EBITDA	4.37	2.84	2.5	2.45	2.49
Net Debt / EBITDA	2.38	1.52	1.25	1.23	1.62
Total Debt / (EBITDA - Capex)	6.18	3.82	3.22	3.18	3.22
Net Debt / (EBITDA - Capex)	3.37	2.05	1.62	1.6	2.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.52	6.27	3.93	6.33	0.14
Gross Profit, 1 Yr. Growth %	-27.65	29.92	-0.53	10.07	-11.09
EBITDA, 1 Yr. Growth %	-35.28	36.76	8.03	10.82	-9.1
EBITA, 1 Yr. Growth %	-43.97	54.61	10.04	13.08	-10.95
EBIT, 1 Yr. Growth %	-45.78	59.78	10.45	14.86	-10.89
Earnings From Cont. Operations, 1 Yr. Growth %	-62.09	141.75	15.39	6.96	-10.52
Net Income, 1 Yr. Growth %	-62.09	141.42	15.42	6.97	-10.53
Normalized Net Income, 1 Yr. Growth %	-52.27	82.02	15.32	19.39	-12.77
Diluted EPS Before Extra, 1 Yr. Growth %	-61.43	144.44	21.52	13.96	-5.03
Accounts Receivable, 1 Yr. Growth %	-9.41	15.36	-1.29	-10.03	-6.3
Inventory, 1 Yr. Growth %	-13.66	-1.28	2.36	10.25	4.01
Net Property, Plant and Equip., 1 Yr. Growth %	2.18	1.64	-0.58	-1.62	1.44
Total Assets, 1 Yr. Growth %	2.83	2.49	2.94	3.46	-0.11
Tangible Book Value, 1 Yr. Growth %	9.5	26.52	3.51	-2.86	4.77
Common Equity, 1 Yr. Growth %	5.93	16.6	4.37	-1.77	3.11
Cash From Operations, 1 Yr. Growth %	-24.26	108.07	-6.88	-14.92	-19.91
Capital Expenditures, 1 Yr. Growth %	-6.49	18.3	-5.6	13.56	-9.45
Levered Free Cash Flow, 1 Yr. Growth %	9.05	136.99	28.93	-24.88	-28.72
Unlevered Free Cash Flow, 1 Yr. Growth %	7.59	115.58	25.25	-25.27	-26.67
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.68	-4.69	5.1	5.12	3.19
Gross Profit, 2 Yr. CAGR %	-17.67	-3.05	13.68	4.63	-2.41
EBITDA, 2 Yr. CAGR %	-19.78	-5.92	21.55	9.41	0.33
EBITA, 2 Yr. CAGR %	-24.99	-6.93	30.43	11.55	0.3
EBIT, 2 Yr. CAGR %	-25.98	-6.92	32.84	12.63	1.12
Earnings From Cont. Operations, 2 Yr. CAGR %	-49.71	-4.26	67.02	11.1	-2.17
Net Income, 2 Yr. CAGR %	-49.71	-4.33	66.93	11.11	-2.17
Normalized Net Income, 2 Yr. CAGR %	-30.88	-6.79	44.89	17.34	1.99
Diluted EPS Before Extra, 2 Yr. CAGR %	-47.13	-2.9	72.35	17.68	4.03
Accounts Receivable, 2 Yr. CAGR %	-4.72	2.23	6.71	-5.76	-8.19
Inventory, 2 Yr. CAGR %	-4.08	-7.68	0.53	6.24	7.09
Net Property, Plant and Equip., 2 Yr. CAGR %	4.67	1.91	0.52	-1.11	-0.1
Total Assets, 2 Yr. CAGR %	4.05	2.66	2.72	3.2	1.66
Tangible Book Value, 2 Yr. CAGR %	11.36	17.7	14.44	0.28	0.89
Common Equity, 2 Yr. CAGR %	6.1	11.13	10.31	1.25	0.64
Cash From Operations, 2 Yr. CAGR %	-16.71	25.54	39.19	-10.99	-17.45
Capital Expenditures, 2 Yr. CAGR %	-7.31	5.18	5.67	3.54	1.4
Levered Free Cash Flow, 2 Yr. CAGR %	-15.06	58.89	56.19	-2.06	-27.13
Unlevered Free Cash Flow, 2 Yr. CAGR %	-13.06	50.77	47.86	-3.7	-26.27
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.38	-3.95	-1.9	5.5	3.43
Gross Profit, 3 Yr. CAGR %	-12.09	-4.15	-2.22	12.46	6.9
EBITDA, 3 Yr. CAGR %	-11.75	-4.17	-1.48	17.86	2.88
EBITA, 3 Yr. CAGR %	-14.84	-4.54	-1.58	24.37	3.51
EBIT, 3 Yr. CAGR %	-15.35	-4.34	-1.46	26.56	4.2
Earnings From Cont. Operations, 3 Yr. CAGR %	0.33	-15.13	1.89	43.97	3.37
Net Income, 3 Yr. CAGR %	0.22	-15.17	1.85	43.91	3.37
Normalized Net Income, 3 Yr. CAGR %	-18.44	-4.55	0.07	35.83	6.33
Diluted EPS Before Extra, 3 Yr. CAGR %	5.8	-11.92	4.64	50.15	9.56
Accounts Receivable, 3 Yr. CAGR %	-0.37	1.55	1.04	0.81	-5.94
Inventory, 3 Yr. CAGR %	-5.4	-3.15	-4.45	3.67	5.49
Net Property, Plant and Equip., 3 Yr. CAGR %	1.73	3.65	1.07	-0.2	-0.26
Total Assets, 3 Yr. CAGR %	0.22	3.53	2.75	2.96	2.09
Tangible Book Value, 3 Yr. CAGR %	3.95	16.2	12.77	8.36	1.76
Common Equity, 3 Yr. CAGR %	1.16	9.49	8.83	6.13	1.87
Cash From Operations, 3 Yr. CAGR %	-6.38	13.02	13.64	18.13	-14.07
Capital Expenditures, 3 Yr. CAGR %	-9.17	0.54	1.45	8.24	-0.99
Levered Free Cash Flow, 3 Yr. CAGR %	-12.34	18.65	37.49	21.98	-12.12
Unlevered Free Cash Flow, 3 Yr. CAGR %	-10.98	16.89	32.11	17.42	-12.27
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.79	-2.13	-1.95	-0.42	0.11
Gross Profit, 5 Yr. CAGR %	-7.93	-3.06	-2.57	-0.73	2.8
EBITDA, 5 Yr. CAGR %	-8.17	-2.53	0.31	1.05	-0.73
EBITA, 5 Yr. CAGR %	-10.08	-2.57	0.99	1.6	-0.8
EBIT, 5 Yr. CAGR %	-10.59	-2.44	1.37	2.12	-0.4
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.04	-2.39	23.01	-5.48	0.24
Net Income, 5 Yr. CAGR %	-15.01	-4.96	22.91	-5.5	0.22
Normalized Net Income, 5 Yr. CAGR %	-13	-2.48	2.64	3.67	0.87
Diluted EPS Before Extra, 5 Yr. CAGR %	-11.59	1.32	28.6	-1.1	4.4
Accounts Receivable, 5 Yr. CAGR %	5.18	7.88	2.41	-1.44	-2.76
Inventory, 5 Yr. CAGR %	-3.25	-4.92	-3.08	0.5	0.01
Net Property, Plant and Equip., 5 Yr. CAGR %	2.83	2.44	1.25	1.72	0.6
Total Assets, 5 Yr. CAGR %	0.98	0.6	1.21	3.4	2.31
Tangible Book Value, 5 Yr. CAGR %	4.63	6.16	8.03	9.55	7.86
Common Equity, 5 Yr. CAGR %	3.32	4.1	4.72	6.12	5.48
Cash From Operations, 5 Yr. CAGR %	-6.76	11.55	9.71	2.72	0
Capital Expenditures, 5 Yr. CAGR %	-5.47	-3.41	-3.5	1.73	1.43
Levered Free Cash Flow, 5 Yr. CAGR %	0.67	29.06	9.93	5.05	6.47
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.88	25.13	8.62	3.7	4.44
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0