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ValueScreener company report

Textron Inc. (TXT)

NYSE / Industrials / Aerospace & Defense

Share price

75.15 USD Market dataClose of Oct 15, 2026

Market capitalisation

12.92B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 11, 2026
Ratios computed
Oct 15, 2026
Filed years
16, FY2010 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

11.7% Computed

From the FY2025 filing

Read quality

Financial strength

Debt to equity

n/a Computed

From the FY2025 filing

Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

Read financial strength

Valuation

Price to earnings

14.59x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

6.9% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 13.79B USDFY2016 Net income: 962.0M USDFY2017 Revenue: 14.20B USDFY2017 Net income: 307.0M USDFY2018 Revenue: 13.97B USDFY2018 Net income: 1.22B USDFY2019 Revenue: 13.63B USDFY2019 Net income: 815.0M USDFY2020 Revenue: 11.65B USDFY2020 Net income: 309.0M USDFY2021 Revenue: 12.38B USDFY2021 Net income: 746.0M USDFY2022 Revenue: 12.87B USDFY2022 Net income: 861.0M USDFY2023 Revenue: 13.68B USDFY2023 Net income: 921.0M USDFY2024 Revenue: 13.70B USDFY2024 Net income: 824.0M USDFY2025 Revenue: 14.80B USDFY2025 Net income: 921.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 14.59x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 10.00x and 15.00x.

Today, against the Aerospace & Defense industry (42 companies), 14.59x sits at the 10th percentile; the middle half of that group runs from 23.61x to 61.15x.

Is it good

Return on equity was 11.7% in FY2025, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Aerospace & Defense industry (73 companies), 11.7% sits at the 77th percentile; the middle half of that group runs from -27.3% to 11.0%.

Year by year against peers
Whether Textron Inc.'s return on equity stayed above the median of the Aerospace & Defense industry, year by year. (FY2021 to FY2025, 5 fiscal years of Textron Inc. with a comparable figure)
The direction
Which way Textron Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Textron Inc.)
What could explain it
What in Textron Inc.'s filed statements could explain the movements. (3 readings drawn from the statement lines Textron Inc. filed)
In one paragraph
One paragraph on Textron Inc.'s returns, cash, balance sheet and price. (8 of sixteen figures read for Textron Inc.)

These are TXT’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research TXTPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 11, 2026, accession 0000217346-26-000006.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Textron Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Return on equity11.7% ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Return on assets5.1% ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Net margin6.2% ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
TXT 6.2%
MOG-A 6.1%EMBJ 4.6%HII 4.8%BWXT 10.3%ESLT 6.7%
4.6%10.3%
Net margin: TXT against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Textron Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/a

The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Current ratio
Why n/a

Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Quick ratio
Why n/a

Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Net debt
Why n/a

The FY2025 balance sheet carries no net debt we could read.

n/a ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Total assets 18.13BTotal liabilities 10.25BShareholders' equity 7.88BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Textron Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 11, 2026, 0000217346-26-000006).

Textron Inc: balance sheet position
Total assets18.13B FiledFY2025 10-K, filed Feb 11, 2026
Total liabilities10.25B FiledFY2025 10-K, filed Feb 11, 2026
Shareholders' equity7.88B FiledFY2025 10-K, filed Feb 11, 2026
Cash2.02B FiledFY2025 10-K, filed Feb 11, 2026
Total debtn/a FiledFY2025 10-K, filed Feb 11, 2026
Net debtn/a
Current ration/a
Debt to equityn/a
  • Debt to equity: FY2025: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • Current ratio: FY2025: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
  • Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Textron Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings14.59x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
P/E on trailing twelve months14.30x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book1.72x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Price to sales0.92x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Price to earnings over growth0.48 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Diluted earnings per share5.11 USD FiledFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Graham number71.15 USD ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006

We publish no fair value or price target of our own. Value TXT on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Textron Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Textron Inc: valuation
Share price75.15 USD
Market capitalisation12.92B USD
Enterprise value to EBITDAn/a
Graham number71.15 USD
Diluted earnings per share, FY20255.11 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 6.19x, median 17.79x, high 57.54x, latest 14.30x. 2,520 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Textron Inc

  1. Moog Inc. (MOG-A)Market cap 11.57B USD
  2. Embraer S.A. (EMBJ)Market cap 13.23B USD
  3. Huntington Ingalls Industries, Inc. (HII)Market cap 10.53B USD
  4. BWX Technologies, Inc. (BWXT)Market cap 12.57B USD
  5. Elbit Systems Ltd. (ESLT)Market cap 34.75B USD

Same industry (Aerospace & Defense) and size band (Large, 10B to 200B), nearest in market value and net margin. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Textron Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield6.9% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Free cash flow929.0M USD ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Free cash flow margin6.3% ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Dividend yield0.1% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Payout ratio1.9% ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
FY2016 Free cash flow: 479.0M USDFY2016 Net income: 962.0M USDFY2017 Free cash flow: 513.0M USDFY2017 Net income: 307.0M USDFY2018 Free cash flow: 738.0M USDFY2018 Net income: 1.22B USDFY2019 Free cash flow: 675.0M USDFY2019 Net income: 815.0M USDFY2020 Free cash flow: 451.0M USDFY2020 Net income: 309.0M USDFY2021 Free cash flow: 1.22B USDFY2021 Net income: 746.0M USDFY2022 Free cash flow: 1.13B USDFY2022 Net income: 861.0M USDFY2023 Free cash flow: 864.0M USDFY2023 Net income: 921.0M USDFY2024 Free cash flow: 650.0M USDFY2024 Net income: 824.0M USDFY2025 Free cash flow: 929.0M USDFY2025 Net income: 921.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Textron Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
14.59xFY2025Oct 15, 2026
1.72xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a The filed income statement reports no operating income.
6.9%FY2025Oct 15, 2026
n/aFY2025Feb 11, 2026
n/a No operating income line is filed for this year.
0.1%FY2025Oct 15, 2026
n/aFY2025Feb 11, 2026
n/a The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
n/aFY2025Feb 11, 2026
n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
0.92xFY2025Oct 15, 2026
0.48FY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.65FY2025Feb 11, 2026
6/9FY2025Feb 11, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 16 filed fiscal years on record, FY2010 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Textron Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Textron Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202514.80Bn/a921.0M5.11929.0Mn/a11.7%10-K, Feb 11, 20260000217346-26-000006
FY202413.70Bn/a824.0M4.33650.0Mn/a11.4%10-K, Feb 6, 20250000217346-25-000017
FY202313.68Bn/a921.0M4.56864.0Mn/a13.2%10-K, Feb 12, 20240000217346-24-000017
FY202212.87Bn/a861.0M4.011.13Bn/a12.1%10-K, Feb 16, 20230000217346-23-000006
FY202112.38B1.01B746.0M3.301.22Bn/a10.9%10-K, Feb 17, 20220000217346-22-000005
FY202011.65B448.0M309.0M1.35451.0Mn/a5.3%10-K, Feb 19, 20210000217346-21-000019
FY201913.63B1.11B815.0M3.50675.0Mn/a14.8%10-K, Feb 25, 20200001104659-20-024773
FY201813.97B1.55B1.22B4.83738.0Mn/a23.5%10-K, Feb 14, 20190001104659-19-008151
FY201714.20B936.0M307.0M1.14513.0Mn/a5.4%10-K, Feb 15, 20180001104659-18-009905
FY201613.79B1.05B962.0M3.53479.0Mn/a17.3%10-K, Feb 22, 20170001104659-17-010809
  • Revenue, compound annual growth FY2016 to FY2025: 0.8%
  • Earnings, compound annual growth FY2016 to FY2025: -0.5%
  • Earnings per share, compound annual growth FY2016 to FY2025: 4.2%
  • Free cash flow, compound annual growth FY2016 to FY2025: 7.6%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Textron Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.65 ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Piotroski F-score6/9 ComputedFY2025 10-K, filed Feb 11, 2026, 0000217346-26-000006
Named tests met1 of 30 Computed
Beta0.96 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 1 met, 19 not met, 10 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Low P/S, rising earnings (James O'Shaughnessy)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; High yield, low payout; Dividends and buybacks; Low beta, profitable; P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); Cash-covered dividend; Cash-flow yield and ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(11)
  • Current Ratio: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
  • Debt to Equity: The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: No operating income line is filed for this year.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Ncav: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
  • Dividend Streak: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 11 figures could not be read on this company, among them Current Ratio, Debt to Equity, EV/EBIT. Each blank in the table above names the rest, with its reason. 10 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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