Textron Inc. (TXT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.69B | 4.17B | 3.6B | 3.72B | 3.31B | 3.61B | 3.43B | 3.53B | 3.13B | 3.89B | 3.34B | 3.42B | 3.02B | 3.64B | 3.08B | 3.15B | 3B | 3.32B | 2.99B | 3.19B |
| Revenue Growth % | 11.77% | 15.55% | 5.11% | 5.36% | 5.45% | -7.17% | 2.51% | 3.01% | 3.67% | 7.04% | 8.61% | 8.56% | 0.77% | 9.45% | 2.94% | -1.16% | 4.24% | -9.41% | 9.32% | 29.09% |
| Cost of Goods Sold | 3.38B | 3.67B | 2.95B | 3.01B | 2.67B | 2.71B | 2.81B | 2.83B | 2.47B | 3.25B | 2.78B | 2.85B | 2.53B | 3.08B | 2.58B | 2.64B | 2.49B | 2.75B | 2.49B | 2.66B |
| COGS % of Revenue | 91.34% | 87.9% | 81.84% | 80.92% | 80.82% | 75.06% | 81.97% | 80.35% | 78.79% | 83.48% | 83.13% | 83.12% | 83.7% | 84.79% | 83.95% | 83.73% | 83.04% | 82.81% | 83.14% | 83.36% |
| Gross Profit | 320M | 505M | 654M | 709M | 634M | 901M | 618M | 693M | 665M | 643M | 564M | 578M | 493M | 553M | 494M | 513M | 509M | 571M | 504M | 531M |
| Gross Margin % | 8.66% | 12.1% | 18.16% | 19.08% | 19.18% | 24.94% | 18.03% | 19.65% | 21.21% | 16.52% | 16.87% | 16.88% | 16.3% | 15.21% | 16.05% | 16.27% | 16.96% | 17.19% | 16.86% | 16.64% |
| Gross Profit Growth % | -49.53% | -43.95% | 5.83% | 2.31% | -4.66% | 40.12% | 9.57% | 19.9% | 34.89% | 16.27% | 14.17% | 12.67% | -3.14% | -3.15% | -1.98% | -3.39% | 6.26% | 5.16% | 25.06% | 140.27% |
| Operating Expenses | 94M | 8M | 375M | 440M | 430M | 756M | 408M | 398M | 460M | 328M | 564M | 230M | 246M | 345M | 266M | 279M | 305M | 326M | 283M | 314M |
| OpEx % of Revenue | 2.54% | 0.19% | 10.41% | 11.84% | 13.01% | 20.92% | 11.91% | 11.28% | 14.67% | 8.43% | 16.87% | 6.72% | 8.13% | 9.49% | 8.64% | 8.85% | 10.16% | 9.81% | 9.46% | 9.84% |
| Selling, General & Admin | 47M | 298M | 257M | 303M | 298M | 265M | 282M | 293M | 316M | 328M | 303M | 230M | 246M | 345M | 266M | 279M | 305M | 326M | 283M | 314M |
| SG&A % of Revenue | 1.27% | 7.14% | 7.13% | 8.15% | 9.01% | 7.33% | 8.23% | 8.31% | 10.08% | 8.43% | 9.06% | 6.72% | 8.13% | 9.49% | 8.64% | 8.85% | 10.16% | 9.81% | 9.46% | 9.84% |
| Research & Development | 0 | -387M | 118M | 137M | 132M | 491M | 0 | 105M | 144M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | -9.27% | 3.28% | 3.69% | 3.99% | 13.59% | - | 2.98% | 4.59% | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 226M | 497M | 279M | 269M | 204M | 145M | 210M | 295M | 205M | 315M | 0 | 348M | 247M | 208M | 228M | 234M | 204M | 245M | 221M | 217M |
| Operating Margin % | 6.12% | 11.9% | 7.75% | 7.24% | 6.17% | 4.01% | 6.13% | 8.36% | 6.54% | 8.09% | - | 10.16% | 8.17% | 5.72% | 7.41% | 7.42% | 6.8% | 7.38% | 7.39% | 6.8% |
| Operating Income Growth % | 10.78% | 242.76% | 32.86% | -8.81% | -0.49% | -53.97% | - | -15.23% | -17% | 51.44% | -100% | 48.72% | 21.08% | -15.1% | 3.17% | 7.83% | 12.71% | -5.04% | 52.41% | 1305.56% |
| EBITDA | 322M | 609M | 376M | 369M | 296M | 248M | 311M | 385M | 293M | 418M | 419M | 449M | 339M | 317M | 325M | 332M | 297M | 350M | 318M | 315M |
| EBITDA Margin % | 8.71% | 14.59% | 10.44% | 9.93% | 8.95% | 6.86% | 9.07% | 10.92% | 9.35% | 10.74% | 12.53% | 13.11% | 11.21% | 8.72% | 10.56% | 10.53% | 9.9% | 10.54% | 10.64% | 9.87% |
| EBITDA Growth % | 8.78% | 145.56% | 20.9% | -4.16% | 1.02% | -40.67% | -25.78% | -14.25% | -13.57% | 31.86% | 28.92% | 35.24% | 14.14% | -9.43% | 2.2% | 5.4% | 9.59% | -4.37% | 32.5% | 293.75% |
| D&A (Non-Cash Add-back) | 96M | 112M | 97M | 100M | 92M | 103M | 101M | 90M | 88M | 103M | 99M | 101M | 92M | 109M | 97M | 98M | 93M | 105M | 97M | 98M |
| EBIT | 226M | 297M | 346M | 332M | 270M | 157M | 278M | 348M | 257M | 249M | 320M | 348M | 247M | 268M | 288M | 294M | 264M | 280M | 251M | 254M |
| Net Interest Income | -29M | -7M | -30M | -31M | -29M | -26M | -26M | -25M | -20M | -19M | -19M | -19M | -20M | -11M | -24M | -31M | -32M | -33M | -33M | -36M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 29M | 7M | 30M | 31M | 29M | 26M | 26M | 25M | 20M | 19M | 19M | 19M | 20M | 11M | 24M | 31M | 32M | 33M | 33M | 36M |
| Other Income/Expense | 41M | -218M | 37M | 32M | 37M | -14M | 42M | 28M | 32M | -85M | 301M | -19M | -20M | 49M | 36M | 29M | 28M | 2M | -3M | 1M |
| Pretax Income | 267M | 279M | 316M | 301M | 241M | 131M | 252M | 323M | 237M | 230M | 301M | 329M | 227M | 257M | 264M | 263M | 232M | 247M | 218M | 218M |
| Pretax Margin % | 7.23% | 6.68% | 8.77% | 8.1% | 7.29% | 3.63% | 7.35% | 9.16% | 7.56% | 5.91% | 9% | 9.61% | 7.51% | 7.07% | 8.58% | 8.34% | 7.73% | 7.44% | 7.29% | 6.83% |
| Income Tax | 47M | 43M | 81M | 56M | 34M | -10M | 29M | 63M | 36M | 31M | 32M | 66M | 36M | 31M | 39M | 45M | 39M | 40M | 33M | 34M |
| Effective Tax Rate % | 17.6% | 15.41% | 25.63% | 18.6% | 14.11% | -7.63% | 11.51% | 19.5% | 15.19% | 13.48% | 10.63% | 20.06% | 15.86% | 12.06% | 14.77% | 17.11% | 16.81% | 16.19% | 15.14% | 15.6% |
| Net Income | 220M | 235M | 234M | 245M | 207M | 141M | 223M | 259M | 201M | 198M | 269M | 263M | 191M | 226M | 225M | 217M | 193M | 207M | 185M | 183M |
| Net Margin % | 5.95% | 5.63% | 6.5% | 6.59% | 6.26% | 3.9% | 6.51% | 7.34% | 6.41% | 5.09% | 8.05% | 7.68% | 6.32% | 6.22% | 7.31% | 6.88% | 6.43% | 6.23% | 6.19% | 5.73% |
| Net Income Growth % | 6.28% | 66.67% | 4.93% | -5.41% | 2.99% | -28.79% | -17.1% | -1.52% | 5.24% | -12.39% | 19.56% | 21.2% | -1.04% | 9.18% | 21.62% | 18.58% | 12.87% | -12.29% | 60.87% | 298.91% |
| Net Income (Continuing) | 220M | 236M | 235M | 245M | 207M | 141M | 223M | 260M | 201M | 199M | 269M | 263M | 191M | 226M | 225M | 218M | 193M | 207M | 185M | 184M |
| Discontinued Operations | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | -1000K | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | -1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.25 | 1.32 | 1.31 | 1.35 | 1.13 | 0.76 | 1.18 | 1.35 | 1.03 | 1.00 | 1.35 | 1.30 | 0.92 | 1.06 | 1.06 | 1.00 | 0.88 | 0.95 | 0.82 | 0.80 |
| EPS Growth % | 10.62% | 73.68% | 11.02% | 0% | 9.71% | -24% | -12.59% | 3.85% | 11.96% | -5.66% | 27.36% | 30% | 4.55% | 11.58% | 29.27% | 25% | 17.33% | -8.65% | 64% | 300% |
| EPS (Basic) | 1.25 | 1.31 | 1.32 | 1.36 | 1.14 | 0.76 | 1.19 | 1.37 | 1.04 | 1.01 | 1.36 | 1.31 | 0.93 | 1.07 | 1.06 | 1.01 | 0.89 | 0.95 | 0.83 | 0.81 |
| Diluted Shares Outstanding | 176.18M | 180.26M | 179.15M | 178.16M | 183.67M | 185.57M | 188.98M | 191.85M | 194.86M | 197.58M | 199.99M | 202.51M | 207.01M | 214.06M | 213.14M | 216.66M | 219.61M | 216.9M | 226.49M | 228.45M |
| Basic Shares Outstanding | 176.18M | 180.26M | 178.63M | 178.16M | 183.19M | 185.53M | 188.98M | 189.75M | 192.8M | 196.04M | 197.95M | 200.7M | 204.84M | 212.06M | 211.31M | 214.59M | 217.01M | 216.9M | 223.66M | 225.96M |
| Dividend Payout Ratio | - | 2.98% | 1.71% | 1.63% | 1.45% | 2.84% | 1.79% | 1.54% | 1.99% | 2.02% | 1.49% | 1.52% | 2.62% | 1.77% | 2.22% | 1.84% | 2.59% | 1.93% | 2.7% | 2.19% |