At a glance
Textron Inc is worth $15.00B, about 17 times its fiscal 2025 earnings. Revenue grew 8.0% to $14.80B in fiscal 2025, with 6.2% kept as profit; over 5 years it has grown 4.9% a year. It pays a 0.09% dividend yield, and returned $4.98B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +9.7% over the past year with dividends reinvested and +3.5% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 54.5% in the 2020 crash (S&P 500: 33.7%) and 25.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 14 months after the lows.
The business in plain English
Textron makes business jets, helicopters, defense equipment and industrial products. It also runs a captive finance arm, a lender that mainly serves buyers of its own planes and helicopters. Revenue was $14.8 billion in fiscal 2025, which ended January 3, 2026. The largest segment is Textron Aviation, with 40% of revenue. It builds Cessna and Beechcraft planes, from Citation business jets and King Air turboprops to piston-engine planes and the T-6 military trainer. It also earns aftermarket revenue from parts, inspections and repairs on planes already in service.
Bell (29%) makes military and commercial helicopters and tiltrotor aircraft, which take off like helicopters and cruise like airplanes. Its main US Government programs are the V-22 tiltrotor, H-1 helicopters and the Army's next-generation MV-75 tiltrotor, which is in development. Industrial (22%) includes Kautex, which makes plastic fuel tanks and sensor-cleaning systems for carmakers. It also includes E-Z-GO and Cushman golf cars and utility vehicles. Textron Systems (8%) supplies defense products such as Navy hovercraft landing craft, Aerosonde drones and Lycoming piston aircraft engines.
Customers include charter fleets, corporations, private owners, golf courses, carmakers and militaries. US Government entities provided about 27% of fiscal 2025 revenue, and about 70% of revenue came from the United States. The finance arm added under 1%. Starting with fiscal 2026, the tiny Textron eAviation unit, maker of Pipistrel light aircraft, was folded into other segments.
Price history
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TXT +9.7% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Textron Aviation | $5.96B | 40.2% |
| Bell | $4.28B | 28.9% |
| Industrial | $3.21B | 21.7% |
| Textron Systems | $1.25B | 8.4% |
| Finance | $75.0M | 0.5% |
| Textron eAviation | $27.0M | 0.2% |
By geography
| United States | $10.28B | 69.5% |
| Other international | $1.95B | 13.2% |
| Europe | $1.29B | 8.7% |
| South and Latin America | $1.28B | 8.6% |
Latest results
- In Q3 FY2026 (ended Oct 3, 2026), revenue was $3.75B, up 4.1% from a year earlier, and net income was $270.0M (+15.4%).
- For fiscal 2025, revenue was $14.80B (+8.0% year over year; +4.9% a year from FY2020 to FY2025) with a 6.2% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +4.9% watch |
|---|---|
| Free cash flow margin | 6.3% watch |
| Return on equity (FY2025) | 11.7% watch |
| Return on assets (FY2025) | 5.1% watch |
| Cash and investments | $1.70B (no borrowings found in the filings) good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $11.65B | $309.0M | $451.0M |
| FY2021 | $12.38B | $746.0M | $1.22B |
| FY2022 | $12.87B | $861.0M | $1.13B |
| FY2023 | $13.68B | $921.0M | $864.0M |
| FY2024 | $13.70B | $824.0M | $650.0M |
| FY2025 | $14.80B | $921.0M | $929.0M |
Valuation snapshot
| Market value | $15.00B |
|---|---|
| P/E ratio | 17.3 |
| Dividend yield | 0.09% |
Rank among 1514 US companies
Market value at each year end
Textron’s market value went from $13.12B at the end of 2016 to $15.00B on Nov 2, 2026, up 14%; since the end of 2025 it is down 2%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $15.00B | -2.4% |
| 2025 | $15.36B | +8.3% |
| 2024 | $14.19B | -10.0% |
| 2023 | $15.76B | +6.6% |
| 2022 | $14.78B | -13.1% |
| 2021 | $17.02B | +53.8% |
| 2020 | $11.06B | +8.7% |
| 2019 | $10.18B | -8.9% |
| 2018 | $11.17B | -25.0% |
| 2017 | $14.91B | +13.6% |
| 2016 | $13.12B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| TXT price data to Nov 2, 2026 | +1.6% | +9.7% | +4.6% | +3.5% | +8.7% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +1.6% |
| 2025 | +14.1% |
| 2024 | -4.8% |
| 2023 | +13.7% |
| 2022 | -7.9% |
| 2021 | +59.9% |
| 2020 | +8.6% |
| 2019 | -2.9% |
| 2018 | -18.6% |
| 2017 | +16.7% |
| 2016 | +15.8% |
| 2015 | -0.1% |
| 2014 | +14.8% |
| 2013 | +48.7% |
| 2012 | +34.5% |
| 2011 | -21.5% |
| 2010 | +26.2% |
| 2009 | +36.7% |
| 2008 | -80.0% |
| 2007 | +54.4% |
| 2006 | +23.9% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 93.6% over that stretch · deepest drop along the way 94.7%, back to its old high 111.1 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 54.1% over that stretch · deepest drop along the way 54.5%, back to its old high 8.1 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 20.5% over that stretch · deepest drop along the way 25.7%, back to its old high 13.5 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 1 open-market purchases ($989K) and 9 sales ($30.2M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Feb 13, 2026 | Scott C Donnelly Executive Chairman, Director | sell | $12.8M |
| Feb 13, 2026 | Scott C Donnelly Executive Chairman, Director | sell | $8.8M |
| Feb 17, 2026 | E Robert Lupone EVP, General Counsel & Secy | sell | $2.8M |
| Feb 13, 2026 | Julie G Duffy EVP and CHRO | sell | $2.0M |
| Feb 17, 2026 | Mark S Bamford VP & Corporate Controller | sell | $1.9M |
Who owns it
Large shareholders (13G filings)
| FMR LLC | 10.1% | Jul 31, 2026 |
| Vanguard Capital Management | 7.47% | Mar 31, 2026 |
| STATE STREET CORPORATION | 5.2% | Sep 30, 2025 |
| T. Rowe Price Investment Management, Inc. | 4.6% | Sep 30, 2025 |
ETFs with the most weight in TXT
| MISL First Trust Indxx Aerospace & Defense ETF | 3.29% |
| GCAD Gabelli Commercial Aerospace and Defense ETF | 2.53% |
| ITA iShares U.S. Aerospace & Defense ETF | 2.33% |
| BUSA Brandes U.S. Value ETF | 2.13% |
| JETS U.S. Global Jets ETF | 2.01% |
| PPA Invesco Aerospace & Defense ETF | 1.31% |
| RSPN Invesco S&P 500 Equal Weight Industrials ETF | 1.2% |
| NATO Themes Transatlantic Defense ETF | 1.18% |
What could go wrong
- A big bet on the Army's MV-75. Bell is investing heavily in facilities and staff for the MV-75 tiltrotor. A funding cut or delay could hurt results, and factory spending isn't automatically repaid if the government ends the contract.
- Heavy reliance on US Government spending. About 27% of fiscal 2025 revenue came from US Government entities. Congress funds programs one year at a time. Budget fights, stopgap funding bills or shutdowns can delay orders and payments.
- Business jet and helicopter demand is cyclical. Sales of business jets, turboprops and commercial helicopters rise and fall with the economy and are hard to forecast. When conditions shift, customers have asked to delay or cancel firm orders.
- New aircraft still need approval. As of the February 11, 2026 annual report, the Beechcraft Denali turboprop and Bell 525 helicopter still awaited approval from the FAA (Federal Aviation Administration). Setbacks can raise costs and delay sales.
- Tough bidding and cancelable government contracts. Major defense programs are won through competitive bidding, which squeezes prices and adds cost. The government can also end or change contracts at any time, for its convenience or if Textron falls short.
- Aircraft loans may not be repaid. Textron's finance arm lends to buyers of its planes and helicopters, and many of those loans are cross-border deals. If borrowers struggle to repay, collection problems would hurt Textron's results.
Recent events
- Quarterly results released
- Quarterly results released
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement; Other company announcement
- Executive or board change
- Quarterly results released
- Other company announcement
For income and retirement investors
Textron pays a token dividend: $0.08 per share in every fiscal year from 2020 through 2025, with no increases. In fiscal 2025 that was about 2% of earnings and 1.9% of free cash flow (cash left after running and investing in the business). The yield was 0.1% as of October 28, 2026. Textron returns cash mainly through buybacks (share repurchases): $4.9 billion over fiscal 2021–2025, against $81 million in dividends. The share count fell 22% between October 2021 and July 2026. For income investors, that means almost no spending money from dividends. Returns depend on the share price.
Downturns have hit the stock hard. It lost 94.7% in the 2008 financial crisis and took about 111 months, until June 2018, to regain its peak. It dropped 54.5% in the 2020 COVID crash and recovered in about 8 months. It fell 25.7% in the 2022 bear market and recovered in about 13.5 months. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Textron make money?
Textron makes most of its money selling and servicing aircraft. Revenue was $14.8 billion in fiscal 2025, which ended January 3, 2026. Textron Aviation, which builds and services Cessna and Beechcraft planes, brought in 40%. Bell, which makes helicopters and tiltrotor aircraft, brought in 29%. The Industrial segment, which includes Kautex car fuel systems and E-Z-GO golf cars, added 22%. Textron Systems defense products added 8%. About 27% of revenue came from US Government entities.
Does Textron pay a dividend?
Yes, but it is very small. Textron paid $0.08 per share in each fiscal year from 2020 through 2025, with no increases. The yield was 0.1% as of October 28, 2026. The dividend used about 2% of fiscal 2025 earnings. Textron prefers buybacks. It spent $4.9 billion repurchasing shares over fiscal 2021–2025, against $81 million in dividends. The share count fell 22% between October 2021 and July 2026.
Is Textron a defense stock?
Partly. About 27% of Textron's fiscal 2025 revenue came from US Government entities, largely through defense programs. Bell builds the V-22 tiltrotor and H-1 helicopters. It is also developing the Army's MV-75 tiltrotor, which Textron calls a significant and growing part of its government revenue and backlog (orders not yet delivered). Textron Systems makes drones, armored vehicles and Navy landing craft. But the largest segment, Textron Aviation, sells mostly civilian planes, and the Industrial segment serves carmakers and golf courses.
How has Textron stock performed over the long run?
Unevenly. As of October 28, 2026, the share price had gained about 7.2% a year over 10 years. Over five years it gained only 1.7% a year, and over one year it was down 1.9%. The stock has had deep drops. It lost 94.7% in the 2008 financial crisis and did not recover until June 2018. It fell 54.5% in the 2020 COVID crash and 25.7% in the 2022 bear market. With such a small dividend, total returns track the share price closely.
Are Textron insiders selling stock?
Yes. Insiders have sold far more stock than they have purchased. Between October 29, 2025 and October 29, 2026, insider filings showed nine sales worth about $30.2 million and one purchase worth about $1 million. The two biggest sales came on February 13, 2026, when Executive Chairman Scott C. Donnelly sold shares worth about $12.8 million and $8.8 million. Insiders sell for many reasons, such as taxes or diversification. Sales alone don't show what they expect from the business.