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Complete financial analysis of Textron Inc. (TXT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Textron Inc., a leading company in the Aerospace & Defense industry within the Industrials sector.
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Textron Inc. (TXT)
About Textron Inc.
Textron Inc. operates in the aircraft, defense, industrial, and finance businesses. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. Its Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare parts and services. The company's Textron Systems segment offers unmanned aircraft systems, electronic systems and solutions, advanced marine crafts, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles. Its Industrial segment offers blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid vehicle applications, clear-vision systems, and plastic tanks for catalytic reduction systems primarily to automobile original equipment manufacturers; and golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment, and turf-care vehicles to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users. The company's Finance segment provides financing services to purchase new and pre-owned aircraft and bell helicopters. It serves in the United States, Europe, Asia, Australia, and internationally. Textron Inc. was founded in 1923 and is headquartered in Providence, Rhode Island.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.68B | 12.87B | 12.38B | 11.65B | 13.63B | 13.97B | 14.20B | 13.79B | 13.42B | 13.88B | 12.10B | 12.24B | 11.28B | 10.53B | 10.50B | 14.25B | 13.23B | 11.49B | 10.04B | 10.24B | 9.86B | 10.66B | 12.32B | 13.09B | 11.58B | 9.68B | 10.54B | 9.27B | 9.97B | 9.68B | 9.08B | 8.35B | 7.84B | 7.92B | 6.43B | 7.29B | 5.39B | 5.02B | 4.04B |
| Cost of Revenue | 11.41B | 10.80B | 10.30B | 10.09B | 11.41B | 11.59B | 11.80B | 11.31B | 10.98B | 11.42B | 10.13B | 10.02B | 10.68B | 8.61B | 10.03B | 10.76B | 9.72B | 8.53B | 7.46B | 7.89B | 7.67B | 8.22B | 9.76B | 9.53B | 8.67B | 7.21B | 6.40B | 5.45B | 4.88B | 5.12B | 4.93B | 4.12B | 3.96B | 4.15B | 3.94B | 4.07B | 4.22B | 3.89B | 3.08B |
| Gross Profit | 2.28B | 2.07B | 2.09B | 1.56B | 2.22B | 2.38B | 2.40B | 2.48B | 2.44B | 2.46B | 1.97B | 2.22B | 591.00M | 1.92B | 475.00M | 3.49B | 3.51B | 2.96B | 2.58B | 2.35B | 2.19B | 2.44B | 2.56B | 3.56B | 2.91B | 2.47B | 4.14B | 3.82B | 5.09B | 4.57B | 4.15B | 4.23B | 3.88B | 3.77B | 2.49B | 3.21B | 1.17B | 1.13B | 962.20M |
| Gross Profit Ratio | 16.65% | 16.08% | 16.84% | 13.36% | 16.32% | 17.02% | 16.92% | 17.96% | 18.21% | 17.70% | 16.30% | 18.13% | 5.24% | 18.24% | 4.52% | 24.49% | 26.53% | 25.78% | 25.68% | 22.93% | 22.21% | 22.87% | 20.79% | 27.17% | 25.11% | 25.53% | 39.29% | 41.23% | 51.08% | 47.17% | 45.70% | 50.65% | 49.55% | 47.58% | 38.73% | 44.08% | 21.73% | 22.50% | 23.83% |
| Research & Development | 570.00M | 601.00M | 619.00M | 549.00M | 647.00M | 643.00M | 634.00M | 677.00M | 778.00M | 694.00M | 651.00M | 584.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -3.00M | 0.00 | 0.00 | 0.00 | 0.00 | 33.00M | 0.00 | 0.00 | 58.00M | 81.00M | 1.52B | 1.61B | 1.48B | 1.21B | 1.04B | 1.76B | 1.60B | 1.72B | 1.49B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.28B | 1.34B | 0.00 | 1.30B | 1.36B | 1.13B | 1.17B | 0.00 | 0.00 | 0.00 | 0.00 | 1.69B | 0.00 | 0.00 | 1.38B | 1.29B | -138.00M | -82.00M | 0.00 | 0.00 | 0.00 | -256.00M | -230.00M | -169.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.23B | 1.19B | 1.22B | 1.05B | 1.15B | 1.28B | 1.34B | 1.30B | 1.30B | 1.36B | 1.13B | 1.17B | 114.00M | 1.23B | 164.00M | 1.64B | 1.69B | 1.52B | 1.40B | 1.38B | 1.29B | 1.38B | 1.53B | 1.48B | 1.21B | 1.04B | 1.50B | 1.37B | 1.55B | 1.49B | 1.44B | 1.45B | 1.34B | 1.34B | 2.14B | 1.28B | 604.30M | 610.20M | 571.80M |
| Other Expenses | 0.00 | 240.00M | 159.00M | 83.00M | 113.00M | 76.00M | 130.00M | 0.00 | 0.00 | 52.00M | 0.00 | 212.00M | 201.00M | 143.00M | 267.00M | 234.00M | 484.00M | 26.00M | 29.00M | 379.00M | 414.00M | 565.00M | 610.00M | 969.00M | 232.00M | 305.00M | 982.00M | 961.00M | 1.12B | 398.00M | 280.80M | 396.20M | 222.80M | 220.00M | 214.30M | 204.70M | 170.30M | 118.70M | 98.90M |
| Operating Expenses | 1.80B | 1.19B | 1.22B | 1.05B | 1.15B | 1.28B | 1.34B | 1.30B | 1.30B | 1.36B | 1.13B | 1.17B | 114.00M | 1.37B | 164.00M | 1.87B | 1.73B | 1.55B | 1.43B | 1.44B | 1.36B | 1.52B | 1.27B | 1.98B | 1.65B | 1.40B | 1.93B | 1.76B | 1.97B | 1.89B | 1.72B | 1.84B | 1.56B | 1.56B | 2.36B | 1.48B | 774.60M | 728.90M | 670.70M |
| Cost & Expenses | 12.63B | 11.99B | 11.52B | 11.14B | 12.56B | 12.87B | 13.13B | 12.62B | 12.28B | 12.78B | 11.26B | 11.18B | 10.80B | 9.98B | 10.19B | 12.63B | 11.44B | 10.08B | 8.90B | 9.34B | 9.03B | 9.74B | 11.03B | 11.51B | 10.32B | 8.62B | 8.34B | 7.21B | 6.85B | 7.00B | 6.65B | 5.96B | 5.52B | 5.71B | 6.30B | 5.55B | 4.99B | 4.62B | 3.75B |
| Interest Income | 0.00 | 94.00M | 124.00M | 145.00M | 146.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00M | 16.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 77.00M | 107.00M | 142.00M | 166.00M | 171.00M | 166.00M | 174.00M | 174.00M | 169.00M | 191.00M | 173.00M | 212.00M | 140.00M | 270.00M | 143.00M | 432.00M | 484.00M | 438.00M | 290.00M | 248.00M | 270.00M | 304.00M | 433.00M | 486.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 395.00M | 392.00M | 376.00M | 379.00M | 405.00M | 424.00M | 431.00M | 434.00M | 461.00M | 459.00M | 389.00M | 383.00M | 403.00M | 393.00M | 409.00M | 403.00M | 336.00M | 290.00M | 303.00M | 353.00M | 356.00M | 368.00M | 514.00M | 494.00M | 440.00M | 361.00M | 435.00M | 387.00M | 415.00M | 398.00M | 280.80M | 396.20M | 222.80M | 220.00M | 214.30M | 204.70M | 170.30M | 118.70M | 98.90M |
| EBITDA | 1.56B | 1.52B | 1.39B | 827.00M | 1.52B | 1.97B | 1.37B | 1.48B | 1.60B | 1.58B | 1.24B | 1.44B | 951.00M | 939.00M | 720.00M | 2.02B | 2.12B | 1.70B | 1.33B | 1.13B | 1.19B | 1.22B | 1.80B | 2.56B | 1.70B | 1.42B | 1.23B | 1.10B | 3.54B | 3.08B | 2.71B | 2.78B | 2.55B | 2.42B | 349.90M | 1.94B | 566.70M | 519.90M | 390.40M |
| EBITDA Ratio | 11.37% | 11.81% | 11.41% | 8.46% | 11.75% | 103.13% | 103.15% | 103.17% | 103.43% | 102.93% | 103.21% | 103.13% | 7.80% | 8.92% | 6.86% | 14.17% | 16.03% | 14.82% | 14.44% | 12.30% | 12.03% | 12.10% | 14.63% | 19.53% | 14.69% | 14.65% | 30.40% | 32.11% | 50.57% | 44.81% | 42.44% | 46.69% | 46.21% | 42.87% | -10.23% | 36.13% | 5.65% | 5.66% | 4.08% |
| Operating Income | 1.05B | 1.12B | 1.02B | 595.00M | 1.19B | 1.10B | 1.07B | 1.17B | 1.14B | 1.10B | 847.00M | 1.05B | 583.00M | 546.00M | 421.00M | 1.62B | 1.78B | 1.41B | 1.15B | 907.00M | 830.00M | 922.00M | 1.29B | 1.58B | 1.26B | 1.07B | 2.21B | 2.06B | 3.13B | 2.68B | 2.43B | 2.39B | 2.32B | 2.20B | 135.60M | 1.73B | 396.40M | 401.20M | 291.50M |
| Operating Income Ratio | 7.70% | 8.73% | 8.26% | 5.11% | 8.69% | 7.89% | 7.51% | 8.51% | 8.49% | 7.90% | 7.00% | 8.61% | 5.17% | 5.19% | 4.01% | 11.34% | 13.49% | 12.30% | 11.42% | 8.86% | 8.42% | 8.65% | 10.46% | 12.07% | 10.90% | 11.03% | 20.95% | 22.24% | 31.35% | 27.68% | 26.73% | 28.57% | 29.65% | 27.84% | 2.11% | 23.77% | 7.36% | 7.99% | 7.22% |
| Total Other Income/Expenses | 34.00M | 154.00M | 9.00M | -230.00M | -130.00M | 281.00M | -275.00M | 33.00M | -169.00M | -243.00M | -173.00M | -212.00M | -249.00M | -460.00M | -576.00M | -929.00M | -532.00M | -438.00M | -408.00M | -305.00M | -443.00M | -432.00M | -870.00M | -995.00M | -258.00M | -317.00M | -296.00M | -318.00M | -2.33B | -1.94B | -1.81B | -1.86B | -1.83B | -1.74B | 274.70M | -1.30B | 56.20M | 43.60M | 9.30M |
| Income Before Tax | 1.09B | 1.02B | 873.00M | 282.00M | 942.00M | 1.38B | 762.00M | 876.00M | 971.00M | 853.00M | 674.00M | 841.00M | 337.00M | 86.00M | -149.00M | 658.00M | 1.30B | 975.00M | 739.00M | 528.00M | 401.00M | 490.00M | 419.00M | 585.00M | 1.00B | 737.00M | 922.00M | 804.00M | 800.00M | 741.00M | 613.50M | 527.00M | 495.00M | 459.20M | 410.30M | 433.30M | 452.60M | 444.80M | 300.80M |
| Income Before Tax Ratio | 7.94% | 7.89% | 7.05% | 2.42% | 6.91% | 9.91% | 5.37% | 6.35% | 7.23% | 6.15% | 5.57% | 6.87% | 2.99% | 0.82% | -1.42% | 4.62% | 9.83% | 8.49% | 7.36% | 5.16% | 4.07% | 4.60% | 3.40% | 4.47% | 8.67% | 7.61% | 8.74% | 8.67% | 8.02% | 7.65% | 6.76% | 6.31% | 6.31% | 5.80% | 6.38% | 5.95% | 8.40% | 8.85% | 7.45% |
| Income Tax Expense | 165.00M | 154.00M | 126.00M | -27.00M | 127.00M | -162.00M | -456.00M | -33.00M | 273.00M | 248.00M | 176.00M | 260.00M | 95.00M | -6.00M | -76.00M | 314.00M | 385.00M | 269.00M | 223.00M | 155.00M | 107.00M | 100.00M | 227.00M | 308.00M | 381.00M | 294.00M | 364.00M | 322.00M | 321.00M | 308.00M | 234.40M | 202.90M | 195.50M | 176.20M | 141.60M | 161.20M | 191.50M | 203.20M | 120.70M |
| Net Income | 921.00M | 861.00M | 746.00M | 309.00M | 815.00M | 1.22B | 307.00M | 962.00M | 697.00M | 600.00M | 498.00M | 589.00M | 242.00M | 86.00M | -31.00M | 486.00M | 917.00M | 601.00M | 203.00M | 365.00M | 259.00M | -124.00M | 166.00M | 218.00M | 2.23B | 608.00M | 558.00M | 253.00M | 479.00M | 433.00M | 379.10M | -355.40M | 299.50M | 283.00M | 268.70M | 272.10M | 264.10M | 245.90M | 223.60M |
| Net Income Ratio | 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% | -0.30% | 3.41% | 6.93% | 5.23% | 2.02% | 3.56% | 2.63% | -1.16% | 1.35% | 1.67% | 19.22% | 6.28% | 5.29% | 2.73% | 4.80% | 4.47% | 4.18% | -4.26% | 3.82% | 3.57% | 4.18% | 3.73% | 4.90% | 4.90% | 5.54% |
| EPS | 4.61 | 4.05 | 3.33 | 1.35 | 3.52 | 4.88 | 1.17 | 3.56 | 2.55 | 2.17 | 1.77 | 2.17 | 0.87 | 0.31 | -0.12 | 1.97 | 3.67 | 2.35 | 0.76 | 1.33 | 0.96 | -0.45 | 0.59 | 0.76 | 1.91 | 1.37 | 1.69 | 0.76 | 1.38 | 1.20 | 0.85 | -1.01 | 0.69 | 0.80 | 0.76 | 0.78 | 0.83 | 0.75 | 0.75 |
| EPS Diluted | 4.56 | 4.01 | 3.29 | 1.35 | 3.50 | 4.83 | 1.14 | 3.53 | 2.50 | 2.13 | 1.75 | 2.00 | 0.79 | 0.28 | -0.12 | 1.94 | 3.60 | 2.31 | 0.75 | 1.31 | 0.95 | -0.44 | 0.58 | 0.75 | 1.91 | 1.37 | 1.65 | 0.74 | 1.38 | 1.20 | 0.83 | -1.01 | 0.68 | 0.80 | 0.76 | 0.78 | 0.82 | 0.75 | 0.75 |
| Weighted Avg Shares Out | 199.72M | 212.81M | 224.11M | 228.54M | 231.32M | 250.20M | 261.50M | 270.29M | 274.23M | 276.60M | 282.10M | 271.30M | 278.90M | 274.45M | 262.92M | 246.21M | 249.79M | 255.10M | 267.06M | 274.67M | 271.75M | 277.49M | 282.10M | 287.85M | 302.01M | 325.82M | 329.59M | 333.77M | 347.73M | 360.00M | 447.57M | 352.71M | 432.46M | 354.34M | 354.04M | 349.03M | 320.12M | 324.13M | 293.73M |
| Weighted Avg Shares Out (Dil) | 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 | 250.34M | 254.83M | 260.44M | 272.89M | 280.34M | 274.43M | 280.50M | 285.87M | 292.30M | 309.16M | 334.33M | 338.60M | 342.86M | 347.73M | 362.71M | 455.66M | 352.71M | 438.82M | 354.34M | 354.04M | 349.03M | 322.07M | 324.13M | 293.73M |
Ryan Samples Announced as Launch Customer for Newly Introduced Cessna Citation CJ4 Gen3 Business Jet
LAS VEGAS--(BUSINESS WIRE)--Textron Aviation today announced longtime Cessna Citation customer Ryan Samples as the launch customer for its new Cessna Citation CJ4 Gen3 business jet, which the company unveiled today at the National Business Aviation Association - Business Aviation Convention...
Textron Aviation Elevates Connectivity With Gogo Galileo HDX on Cessna Citation Longitude, Latitude and Ascend
LAS VEGAS--(BUSINESS WIRE)--Textron Aviation today announced its selection of Gogo Business Aviation's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, for factory installation on the Cessna Citation Longitude, Latitude and Ascend. This makes Textron Aviation the first business aviation Original Equipment...
Unlocking Q3 Potential of Textron (TXT): Exploring Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Textron (TXT) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Earnings Preview: Textron (TXT) Q3 Earnings Expected to Decline
Textron (TXT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Textron's Arm Secures Army Contract to Supply Bell 412 EPX Helicopter
TXT's unit secures a $37.7 million contract from the U.S. Army to supply the Bell 412 EPX helicopter.
Textron Fails To Impress, But Long-Term Growth Still Holds Promise
Textron's Q2 revenue grew by 3%, but missed estimates, while EPS beat expectations due to share repurchases, despite a decline in net income. Aviation and Bell segments showed strong performance, but the Industrial segment's decline significantly offset overall gains, raising...
Textron to Release Third Quarter Results on October 24, 2024
PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (NYSE: TXT) will release its third quarter 2024 financial results on Thursday morning, October 24, 2024. Textron will also host a conference call at 8:00 a.m. (Eastern) to discuss the results and the company's outlook. The...
Buying A Dollar For 60 Cents: Uncovering 3 Dividend Gems In An Expensive Market
The S&P 500's strong performance and high valuations make finding bargains challenging. Many stocks trade at elevated P/E ratios, complicating value-driven strategies. Despite a pricey market, I've found three undervalued stocks, each with dividend yields, secular growth trends, and potential...
TXT or RTX: Which Is the Better Value Stock Right Now?
Investors interested in Aerospace - Defense stocks are likely familiar with Textron (TXT) and RTX (RTX). But which of these two stocks presents investors with the better value opportunity right now?
Textron: The Share Price Hasn't Reached Cruising Altitude, Maintain Buy
Textron's Aviation and Bell segments achieved decent revenue growth, up by 10% and 13% YoY, respectively, despite ongoing supply chain delays. Nonetheless, revenue in the industrial segment fell by 11%, with profit dropping nearly 47% YoY in this segment. Weak...
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