Textron Inc. (TXT) Income Statement
TXT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTXT revenue and net income
Where TXT's revenue goes
2025Each bar shows an amount and its share of revenue. TXT kept 6.2% of revenue as net income.
TXT profit margins
TXT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.0% | +4.8% | +4.9% | +1.0% |
| Gross profit | +7.7% | +0.3% | +11.6% | +1.0% |
| Operating income | +17.1% | +4.3% | −1.0% | −1.3% |
| Net income | +11.8% | +2.3% | +24.4% | +2.8% |
| EPS (diluted) | +11.5% | +15.1% | +24.2% | +9.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TXT quarterly EPS vs estimates
Textron beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $1.45).
TXT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.80B | $13.70B | $13.68B | $12.87B | $12.38B | $11.65B | $13.63B | $13.97B | $14.20B | $13.79B |
| Cost of revenue | $12.10B | $11.20B | $10.84B | $10.20B | $10.30B | $10.09B | $11.41B | $11.59B | $11.83B | $11.34B |
| Gross profit | $2.69B | $2.50B | $2.85B | $2.67B | $2.08B | $1.56B | $2.22B | $2.38B | $2.37B | $2.45B |
| Research & development | $521.0M | $491.0M | $570.0M | $601.0M | $619.0M | $647.0M | $643.0M | $634.0M | $677.0M | $778.0M |
| Sales, general & admin | $149.0M | $1.16B | $1.23B | $113.0M | $129.0M | $11.37B | $1.15B | $1.27B | $1.34B | $1.30B |
| Total operating expenses | $1.69B | $1.65B | $1.79B | $1.79B | $1.22B | $1.56B | $1.15B | $1.27B | $1.33B | $1.32B |
| Operating income | $1.00B | $855.0M | $1.05B | $883.0M | $864.0M | $1.05B | $1.07B | $1.10B | $1.04B | $1.13B |
| Interest income | $108.0M | $97.0M | $77.0M | $94.0M | $124.0M | $145.0M | $171.0M | $166.0M | $174.0M | $174.0M |
| Interest expense | $126.0M | $97.0M | $77.0M | $107.0M | $142.0M | $166.0M | $171.0M | $166.0M | $174.0M | $174.0M |
| Income before taxes | $1.14B | $943.0M | $1.09B | $1.02B | $873.0M | $282.0M | $942.0M | $1.38B | $762.0M | $876.0M |
| Income taxes | $214.0M | $118.0M | $165.0M | $154.0M | $126.0M | −$27.0M | $127.0M | $162.0M | $456.0M | $33.0M |
| Net income | $921.0M | $824.0M | $921.0M | $861.0M | $746.0M | $309.0M | $815.0M | $1.22B | $307.0M | $962.0M |
| EBITDA | $1.66B | $1.42B | $1.56B | $1.52B | $1.41B | $839.0M | $1.53B | $1.99B | $1.38B | $1.50B |
| EPS (diluted) | $6.11 | $5.48 | $5.60 | $4.01 | $3.30 | $2.07 | $3.75 | $3.35 | $2.45 | $2.62 |
| Gross margin | 18.2% | 18.3% | 20.8% | 20.7% | 16.8% | 13.4% | 16.3% | 17.0% | 16.7% | 17.8% |
| Operating margin | 6.8% | 6.2% | 7.7% | 6.9% | 7.0% | 9.0% | 7.9% | 7.9% | 7.3% | 8.2% |
| Net margin | 6.2% | 6.0% | 6.7% | 6.7% | 6.0% | 2.7% | 6.0% | 8.7% | 2.2% | 7.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.83B | $3.69B | $4.17B | $3.60B | $3.72B | $3.31B | $3.61B | $3.43B | $3.53B | $3.13B | $3.89B | $3.34B |
| Cost of revenue | $3.13B | $3.02B | $3.67B | $2.95B | $3.01B | $2.67B | $2.71B | $2.81B | $2.83B | $2.47B | $3.25B | $2.78B |
| Gross profit | $694.0M | $672.0M | $505.0M | $654.0M | $709.0M | $634.0M | $901.0M | $618.0M | $693.0M | $665.0M | $643.0M | $564.0M |
| Research & development | $116.0M | $120.0M | $387.0M | $118.0M | $137.0M | $132.0M | $491.0M | — | $105.0M | $144.0M | — | — |
| Sales, general & admin | $42.0M | $47.0M | $44.0M | $257.0M | $303.0M | $298.0M | $477.0M | $282.0M | $293.0M | $316.0M | $328.0M | $38.0M |
| Total operating expenses | $427.0M | $441.0M | $8.0M | $375.0M | $440.0M | $430.0M | $756.0M | $408.0M | $398.0M | $460.0M | $328.0M | $564.0M |
| Operating income | $267.0M | $231.0M | $497.0M | $279.0M | $269.0M | $204.0M | $145.0M | $210.0M | $295.0M | $205.0M | $315.0M | $236.0M |
| Interest income | — | — | $31.0M | $30.0M | $31.0M | $29.0M | $26.0M | $26.0M | — | — | — | $16.0M |
| Interest expense | $33.0M | $34.0M | $7.0M | $30.0M | $31.0M | $29.0M | $26.0M | $26.0M | $25.0M | $20.0M | $19.0M | $19.0M |
| Income before taxes | $304.0M | $267.0M | $279.0M | $316.0M | $301.0M | $241.0M | $131.0M | $252.0M | $323.0M | $237.0M | $230.0M | $301.0M |
| Income taxes | $56.0M | $47.0M | $43.0M | $81.0M | $56.0M | $34.0M | −$10.0M | $29.0M | $63.0M | $36.0M | $31.0M | $32.0M |
| Net income | $248.0M | $220.0M | $235.0M | $234.0M | $245.0M | $207.0M | $141.0M | $223.0M | $259.0M | $201.0M | $198.0M | $269.0M |
| EBITDA | $431.0M | $397.0M | $409.0M | $443.0M | $432.0M | $362.0M | $260.0M | $379.0M | $438.0M | $345.0M | $352.0M | $419.0M |
| EPS (diluted) | $1.62 | $1.45 | $1.73 | $1.55 | $1.55 | $1.28 | $1.34 | $1.40 | $1.54 | $1.20 | $1.60 | $1.49 |
| Gross margin | 18.1% | 18.2% | 12.1% | 18.2% | 19.1% | 19.2% | 24.9% | 18.0% | 19.6% | 21.2% | 16.5% | 16.9% |
| Operating margin | 7.0% | 6.3% | 11.9% | 7.7% | 7.2% | 6.2% | 4.0% | 6.1% | 8.4% | 6.5% | 8.1% | 7.1% |
| Net margin | 6.5% | 6.0% | 5.6% | 6.5% | 6.6% | 6.3% | 3.9% | 6.5% | 7.3% | 6.4% | 5.1% | 8.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TXT's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TXT financial results
In fiscal year 2025 (ended December 31, 2025), Textron reported revenue of $14.8 billion, up 8.0% from the year before. It had net income of $921.0 million (up 11.8%), a net profit margin of 6.2%. Diluted earnings per share came to $6.11. Over five years revenue grew at an average rate of 4.9% a year.
See the TXT stock overview for the latest quote and news, or the TXT chart for price history and technical indicators.
TXT income statement FAQ
What is Textron's annual revenue?
Textron reported total revenue of $14.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.0% from $13.7 billion the previous year.
Is Textron profitable?
Yes. Textron reported net income of $921.0 million in fiscal 2025, a net profit margin of 6.2%; its operating margin was 6.8%.
What is Textron's gross margin?
Textron's gross margin was 18.2% in fiscal 2025: for every $100 of revenue, Textron kept $18 after the direct cost of its products and services.
How much does Textron spend on research and development?
Textron spent $521.0 million on research and development in fiscal 2025, 3.5% of revenue.
How fast is Textron growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $11.7 billion to $14.8 billion.
What are Textron's earnings per share?
Textron earned $6.11 per diluted share in fiscal 2025, compared with $5.48 a year earlier.
When will Textron report its next earnings?
Textron is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Textron's fiscal year end?
Textron's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.