Textron, Inc. is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Textron Aviation segment manufactures sells, and services Beechcraft and Cessna aircraft. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts. The Textron Systems segment product lines consist of unmanned aircraft systems; land and marine systems; weapons and sensors; and a variety of defense and aviation mission support products and services. The Industrial segment designs and manufactures a variety of products under the Golf; Turf Care and Light Transportation Vehicles; Fuel Systems and Functional Components and Powered Tools; and Testing and Measurement Equipment product lines. The Finance segment consists of Textron Financial Corp. and its consolidated subsidiaries, which provides finances primarily to purchasers of new Cessna aircraft and Bell helicopters. The company founded by Royal Little in 1923 and is headquartered in Providence, RI.
Highlights
The company's quick ratio rose by 46% YoY and by 4.1% QoQ
TXT's equity is up by 3.6% year-on-year
TXT's debt is up by 16% YoY but it is down by 6% QoQ
TXT's P/E is 69% above its last 4 quarters average of 13.5 and 25% above its 5-year quarterly average of 18.3
TXT's net income has dropped by 69% year-on-year and by 45% since the previous quarter
Key stats
What are the main financial stats of TXT
Market
Shares outstanding
228.04M
Market cap
$8.59B
Enterprise value
$10.97B
Valuations
Price to earnings (P/E)
22.82
Price to book (P/B)
1.55
Price to sales (P/S)
0.68
EV/EBIT
19.25
EV/EBITDA
11.38
EV/Sales
0.87
Earnings
Revenue
$12.54B
EBIT
$570M
EBITDA
$964M
Free cash flow
$571M
Per share
EPS
$1.65
Free cash flow per share
$2.51
Book value per share
$24.3
Revenue per share
$55.14
TBVPS
$58.55
Balance sheet
Total assets
$15.47B
Total liabilities
$9.94B
Debt
$4.73B
Equity
$5.53B
Working capital
$3.99B
Liquidity
Debt to equity
0.86
Current ratio
1.98
Quick ratio
0.76
Net debt/EBITDA
2.48
Margins
EBITDA margin
7.7%
Gross margin
13.7%
Net margin
3%
Operating margin
4.5%
Efficiency
Return on assets
2.5%
Return on equity
6.8%
Return on invested capital
4.8%
Return on capital employed
5%
Return on sales
4.5%
Dividend
Dividend yield
0.21%
DPS
$0.08
Payout ratio
4.8%
TXT stock price
How has the Textron stock price performed over time
Financial performance
How have Textron's revenue and profit performed over time
Revenue
$12.54B
Gross profit
$1.72B
Operating income
$570M
Net income
$377M
Gross margin
13.7%
Net margin
3%
TXT's net income has dropped by 69% year-on-year and by 45% since the previous quarter
TXT's net margin has shrunk by 67% YoY and by 42% QoQ
The operating income has decreased by 49% YoY and by 41% from the previous quarter
Textron's operating margin has decreased by 46% YoY and by 38% from the previous quarter
Growth
What is Textron's growth rate over time
Valuation
What is Textron stock price valuation
P/E
22.82
P/B
1.55
P/S
0.68
EV/EBIT
19.25
EV/EBITDA
11.38
EV/Sales
0.87
TXT's P/E is 69% above its last 4 quarters average of 13.5 and 25% above its 5-year quarterly average of 18.3
The EPS has dropped by 67% year-on-year and by 45% since the previous quarter
The stock's price to book (P/B) is 30% less than its 5-year quarterly average of 2.2 and 3.1% less than its last 4 quarters average of 1.6
TXT's equity is up by 3.6% year-on-year
TXT's P/S is 24% below its 5-year quarterly average of 0.9 and 2.9% below its last 4 quarters average of 0.7
TXT's revenue is down by 6% since the previous quarter and by 6% year-on-year
Efficiency
How efficient is Textron business performance
TXT's return on equity has dropped by 70% year-on-year and by 46% since the previous quarter
TXT's return on assets has dropped by 70% year-on-year and by 44% since the previous quarter
The ROIC has plunged by 64% YoY and by 41% from the previous quarter
The return on sales has dropped by 62% year-on-year and by 38% since the previous quarter
Dividends
What is TXT's dividend history
DPS
$0.08
Dividend yield
0.21%
Payout ratio
4.8%
Recent dividends
Financial health
How did Textron financials performed over time
Textron's total assets is 56% more than its total liabilities
The company's quick ratio rose by 46% YoY and by 4.1% QoQ
The current ratio has grown by 5% from the previous quarter and by 2.6% YoY
TXT's debt is 14% lower than its equity
TXT's debt is up by 16% YoY but it is down by 6% QoQ
TXT's debt to equity is up by 13% year-on-year but it is down by 6% since the previous quarter
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.