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Textron key statistics and ratios

In fiscal 2025, Textron had return on equity of 12.2% and a net margin of 6.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Jan 20102010Jan 20112011Dec 20112012Dec 20122013Dec 20132014Jan 20152015Jan 20162016Dec 20162017Dec 20172018Dec 20182019Jan 20202020Jan 20212021Jan 20222022Dec 20222023Dec 20232024Dec 20242025Jan 2026LTMOct 2026
Net margin−0.3%0.8%2.1%4.8%4.1%4.3%5.2%7.0%2.2%8.7%6.0%2.7%6.0%6.7%6.7%6.0%6.2%6.3%
Return on equity−1.1%3.0%8.5%20.5%13.5%13.9%15.1%18.3%5.5%22.5%15.2%5.4%11.8%12.4%13.1%11.6%12.2%12.2%
Return on assets−0.2%0.5%1.7%4.4%3.8%4.4%4.8%6.4%2.0%8.3%5.6%2.0%4.8%5.4%5.6%4.9%5.3%5.3%
Effective tax rate—−7.0%28.2%30.9%26.1%29.1%28.1%3.8%59.8%11.7%13.5%−9.6%14.4%15.2%15.2%12.5%18.8%16.9%
R&D as % of revenue3.8%3.8%4.7%4.8%5.4%5.0%5.8%4.9%4.5%4.6%4.7%4.7%5.0%4.7%4.2%3.6%3.5%3.1%
SG&A as % of revenue12.7%11.7%10.6%9.5%9.3%9.8%9.7%9.6%9.4%9.1%8.5%9.0%9.9%9.2%9.0%8.4%7.9%7.9%
Dividends ÷ net income—25.6%9.1%2.9%4.4%4.7%3.2%2.3%6.8%1.6%2.2%5.8%2.4%2.0%1.7%1.5%2.0%1.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 0 checks passed · October 3, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Textron's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

48 /100

Moderate moat

How hard Textron's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.3% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 17.0%, moving by 1.3 percentage points (standard deviation) across 10 years.

  • Durability 6 / 20

    Net margin has been a median 6.2%; its worst year was 2.3%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 5.6% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 23.2% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: HII vs TXTTDG vs TXTHWM vs TXT

More: Aerospace & Defense stocks compared, Industrials sector, rankings of US companies

Figures from Textron's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Textron.