Latest revenue
$3.69B
as of 2026-04-04
Latest net income
$220.0M
as of 2026-04-04
Net margin
6.0%
as of 2026-04-04
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Aircraft & Parts (2 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Historical multiples
How does TXT's current valuation compare to its own past?
P/E uses year-end weekly close ÷ (net income ÷ shares outstanding today). Held shares constant at today's count, which understates the per-share earnings improvement from buybacks over the period. PEG uses 5y revenue CAGR as a proxy for EPS growth — close, but not identical (margin expansion or dilution can drive a wedge). Best read as a comparator across companies and industries, not as a precise replica of historical multiples.
Community sentiment
Where do you think TXT is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $15.84B
- Enterprise value
- $18.56B
- P/E (trailing)
- 17.2×
- Forward P/E
- —
- P/B
- 1.98×
- Dividend yield
- 0.1%
- 52-wk high
- $101.57
- 52-wk low
- $75.75
- Beta
- —
- Shares out
- 173.9M
5-year trend
What this company does
Textron designs and manufactures aircraft and defense equipment, operating Cessna and Beechcraft planes (Textron Aviation), Bell helicopters, Textron Systems for military customers, and Industrial products. The company generates revenue primarily from selling manufactured products, with aviation and defense aircraft driving the bulk of its $3.7 billion quarterly top line. Revenues grew 12% year-over-year to $3.7 billion with margins expanding, while Textron continues aggressive share buybacks, repurchasing $168 million of stock this quarter.
Generated from TXT's filing dated 2026-02-11
Key risks
- Inventory build: manufacturing inventories rose $289M in Q1 to $4.56B, contributing to $117M operating cash outflow despite higher net income.
- Leverage near-term refinancing: $355M of long-term debt reclassified to current portion versus $1.51B manufacturing cash, against $3.11B remaining long-term debt.
- Government contract exposure: $139M U.S. Government receivables and Bell/Textron Systems segments leave revenue sensitive to defense budget and contract estimate revisions.
Generated from TXT's filing dated 2026-02-11
Profitability
Net margin
6.2%
3.5%Return on equity
11.7%
0.8%Return on assets
5.1%
3.8%Leverage
Debt / equity
1.30×
7.6%Long-term debt / equity
0.49×
4.1%Debt / assets
56.6%
3.3%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q2 2026 2026-04-04 | $3.69B | +11.8% | $220.0M | +6.3% | 6.0% |
Q1 2026 2026-01-03 | $4.17B | +15.6% | $235.0M | +66.7% | 5.6% |
Q3 2025 2025-09-27 | $3.60B | +5.1% | $234.0M | +4.9% | 6.5% |
Q2 2025 2025-06-28 | $3.72B | +5.4% | $245.0M | -5.4% | 6.6% |
Q1 2025 2025-03-29 | $3.31B | +5.5% | $207.0M | +3.0% | 6.3% |
Q4 2024 2024-12-28 | $3.61B | — | $141.0M | — | 3.9% |
Q3 2024 2024-09-28 | $3.43B | +2.5% | $223.0M | -17.1% | 6.5% |
Q2 2024 2024-06-29 | $3.53B | +3.0% | $259.0M | -1.5% | 7.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Aircraft & Parts · SIC 3720
Your notes
Keep private notes on TXT — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$988.6K
Insider selling
$32.5M
Net activity
−$31.5M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TXT
Institutional value
$6.94B
Total shares held
85.0M
Distinct holders
553
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 15.7M | $1.37B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 11.3M | $992.5M | — | New |
| 3 | Invesco Ltd. | 8.0M | $701.4M | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.5M | $655.4M | — | New |
| 5 | Boston Partners | 5.7M | $501.1M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 2.6M | $223.6M | — | New |
| 7 | JPMORGAN CHASE & CO | 2.5M | $215.8M | — | New |
| 8 | PRIMECAP MANAGEMENT CO/CA/ | 1.2M | $109.3M | — | New |
| 9 | Bank of New York Mellon Corp | 1.1M | $97.4M | — | New |
| 10 | VANGUARD FIDUCIARY TRUST CO | 979.5K | $85.8M | — | New |
| 11 | GREAT LAKES ADVISORS, LLC | 897.2K | $78.6M | — | New |
| 12 | DEUTSCHE BANK AG\ | 816.8K | $71.5M | — | New |
| 13 | Legal & General Group Plc | 784.6K | $68.7M | — | New |
| 14 | Robeco Institutional Asset Management B.V. | 734.1K | $64.3M | — | New |
| 15 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 726.5K | $63.6M | — | New |
| 16 | NEW YORK STATE COMMON RETIREMENT FUND | 709.7K | $62.1M | — | New |
| 17 | Pacer Advisors, Inc. | 606.1K | $53.1M | — | New |
| 18 | MACKENZIE FINANCIAL CORP | 602.5K | $52.8M | — | New |
| 19 | HSBC HOLDINGS PLC | 598.9K | $52.4M | — | New |
| 20 | UBS Group AG | 560.9K | $49.1M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Inventories jumped $289M this quarter to $4.56B against only 14% revenue growth—what specific Aviation/Bell backlog conversion risk does this signal?
- 2
Capex doubled to $133M while operating cash flow stayed negative at -$117M; when does Textron return to positive Q1 FCF generation?
- 3
Cost of products sold rose 15.2% versus 13.9% manufacturing revenue growth—what's compressing gross margin and is it tariff or mix-driven?
Refreshed when TXT files a new report · last from 2026-02-11
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