TXT TEXTRON INC

Overview and Growth

Fiscal 2025 results for TEXTRON INC combined $14.80B of revenue with net income of $921.00M and an operating cash inflow of $1.31B. The $14.80B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 8.0% from $13.70B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $5.11, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $4.33 in fiscal 2024, the current result was 18.0% higher. The diluted weighted-average share count was 180.26M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 5.3% from 190.31M in fiscal 2024, leaving the current share base lower year over year. The company employed $18.13B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.82x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The bottom-line result was net income of $921.00M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 6.2% margin after operating costs and the remaining recognized items. Pretax income was $1.14B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 7.7%, relating income before taxes directly to revenue. The company recognized $214.00M of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 18.8% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 11.7% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 5.1% of period-end assets, placing the company’s bottom-line result against the total resource base employed. Current net income of $921.00M was above fiscal 2024 net income of $824.00M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

Total assets were $18.13B, supported by $10.25B of liabilities and $7.88B of shareholder equity. Reported cash and equivalents were $2.02B, separating immediately recognizable cash resources from the rest of the current-asset base. Book equity represented 43.4% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 56.6%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 11.2% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 7.7% higher than fiscal 2024 assets of $16.84B, measuring the company’s own balance-sheet change. Book equity was 9.3% higher than fiscal 2024 equity of $7.20B, showing how shareholder capital changed year over year. Compared with $1.44B in fiscal 2024, the current cash balance moved 40.5% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $1.31B, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 1.42x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $383.00M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 29.2%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $929.00M of positive free cash flow for the period. The free-cash-flow margin was 6.3%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 5.1%, showing the cash productivity of the company’s assets. The operating cash outcome moved from $1.01B in fiscal 2024 to $1.31B, ending above the prior-year level.

Based on the annual report for the fiscal year ending Jan 3, 2026. Analysis generated Oct 21, 2026.