TXT - Textron Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$104.50
DETAILS
HIGH:
$115.00
LOW:
$94.00
MEDIAN:
$104.50
CONSENSUS:
$104.50
UPSIDE:
10.90%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 13,702.0 | 12,869.0 | 12,382.0 | 11,651.0 | 13,630.0 | 13,972.0 | 14,198.0 | 13,788.0 | 13,423.0 | 13,878.0 |
| Cost of Revenue | 11,200.0 | 10,199.0 | 9,678.0 | 9,490.0 | 10,777.0 | 10,951.0 | 11,193.0 | 10,634.0 | 10,201.0 | 10,727.0 |
| Gross Profit | 2,502.0 | 2,670.0 | 2,704.0 | 2,161.0 | 2,853.0 | 3,021.0 | 3,005.0 | 3,154.0 | 3,222.0 | 3,151.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 570.0 | 601.0 | 619.0 | 549.0 | 647.0 | 643.0 | 634.0 | 677.0 | 778.0 | 694.0 |
| SG&A Expenses | 1,225.0 | 1,186.0 | 1,221.0 | 1,045.0 | 1,152.0 | 1,275.0 | 1,334.0 | 1,304.0 | 1,304.0 | 1,361.0 |
| Other Expenses | (148.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | 1,647.0 | 1,787.0 | 1,840.0 | 1,594.0 | 1,799.0 | 1,918.0 | 1,968.0 | 1,981.0 | 2,082.0 | 2,055.0 |
| Operating Income | ||||||||||
| Operating Income | 855.0 | 883.0 | 864.0 | 567.0 | 1,054.0 | 1,103.0 | 1,037.0 | 1,173.0 | 1,140.0 | 1,096.0 |
| Interest Expense | 97.0 | 77.0 | 107.0 | 142.0 | 166.0 | 171.0 | 166.0 | 174.0 | 174.0 | 169.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 1,422.0 | 1,515.0 | 1,391.0 | 827.0 | 1,518.0 | 1,974.0 | 1,367.0 | 1,484.0 | 1,584.0 | 1,485.0 |
| EBIT | 1,040.0 | 1,123.0 | 1,015.0 | 448.0 | 1,113.0 | 1,550.0 | 936.0 | 1,050.0 | 1,140.0 | 1,044.0 |
| Income Before Tax | 943.0 | 1,016.0 | 873.0 | 282.0 | 942.0 | 1,384.0 | 762.0 | 876.0 | 971.0 | 853.0 |
| Income Tax Expense | 118.0 | 154.0 | 126.0 | (27.0) | 127.0 | 162.0 | 456.0 | 33.0 | 273.0 | 248.0 |
| Net Income | 824.0 | 861.0 | 746.0 | 309.0 | 815.0 | 1,222.0 | 307.0 | 962.0 | 697.0 | 600.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 4.38 | 4.05 | 3.33 | 1.35 | 3.52 | 4.88 | 1.15 | 3.55 | 2.52 | 2.15 |
| EPS (Diluted) | 4.33 | 4.01 | 3.29 | 1.35 | 3.50 | 4.83 | 1.14 | 3.53 | 2.50 | 2.13 |
| Shares Outstanding | 199.7 | 212.8 | 224.1 | 228.5 | 231.3 | 250.2 | 266.4 | 270.8 | 276.7 | 279.4 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,441.0 | 2,181.0 | 2,035.0 | 2,117.0 | 2,254.0 | 1,357.0 | 1,107.0 | 1,262.0 | 1,298.0 | 1,005.0 |
| Short-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 1,552.0 | 1,453.0 | 1,418.0 | 1,443.0 | 1,531.0 | 1,603.0 | 1,784.0 | 2,182.0 | 1,999.0 | 2,134.0 |
| Inventory | 4,071.0 | 3,914.0 | 3,550.0 | 3,468.0 | 3,513.0 | 4,069.0 | 3,818.0 | 4,150.0 | 4,464.0 | 4,144.0 |
| Other Current Assets | 687.0 | 857.0 | 1,033.0 | 1,018.0 | 950.0 | 894.0 | 785.0 | 435.0 | 388.0 | 341.0 |
| Total Current Assets | 7,751.0 | 8,405.0 | 8,036.0 | 8,046.0 | 8,248.0 | 7,923.0 | 7,494.0 | 8,029.0 | 8,149.0 | 7,624.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,529.0 | 2,477.0 | 2,523.0 | 2,538.0 | 2,516.0 | 2,527.0 | 2,615.0 | 2,721.0 | 2,581.0 | 2,492.0 |
| Goodwill | 2,288.0 | 2,295.0 | 2,283.0 | 2,149.0 | 2,157.0 | 2,150.0 | 2,218.0 | 2,364.0 | 2,113.0 | 2,023.0 |
| Intangible Assets | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 765.0 | 0.0 | 0.0 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 4,270.0 | 3,679.0 | 3,451.0 | 3,094.0 | 2,522.0 | 2,418.0 | 1,937.0 | 2,226.0 | 1,748.0 | 2,569.0 |
| Total Non-Current Assets | 9,087.0 | 8,451.0 | 8,257.0 | 7,781.0 | 7,195.0 | 7,095.0 | 6,770.0 | 7,311.0 | 7,209.0 | 7,084.0 |
| Total Assets | 16,838.0 | 16,856.0 | 16,293.0 | 15,827.0 | 15,400.0 | 15,018.0 | 14,264.0 | 15,340.0 | 15,358.0 | 14,708.0 |
| Current Liabilities | ||||||||||
| Account Payables | 943.0 | 1,023.0 | 1,018.0 | 786.0 | 776.0 | 1,378.0 | 1,099.0 | 1,205.0 | 1,273.0 | 1,063.0 |
| Short-Term Debt | 357.0 | 357.0 | 7.0 | 6.0 | 509.0 | 561.0 | 258.0 | 14.0 | 363.0 | 262.0 |
| Deferred Revenue | 1,734.0 | 1,595.0 | 1,416.0 | 1,105.0 | 758.0 | 715.0 | 876.0 | 1,007.0 | 991.0 | 1,323.0 |
| Other Current Liabilities | 904.0 | 937.0 | 815.0 | 762.0 | 846.0 | 830.0 | 892.0 | 1,105.0 | 0.0 | 0.0 |
| Total Current Liabilities | 4,394.0 | 4,378.0 | 3,670.0 | 3,136.0 | 3,270.0 | 3,846.0 | 3,506.0 | 3,660.0 | 3,893.0 | 3,792.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,231.0 | 3,517.0 | 3,550.0 | 3,761.0 | 3,860.0 | 3,249.0 | 3,526.0 | 3,898.0 | 3,317.0 | 3,348.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 2,009.0 | 1,974.0 | 1,960.0 | 2,115.0 | 2,468.0 | 2,405.0 | 2,040.0 | 2,135.0 | 2,574.0 | 2,604.0 |
| Total Non-Current Liabilities | 5,240.0 | 5,491.0 | 5,510.0 | 5,876.0 | 6,328.0 | 5,654.0 | 5,566.0 | 6,033.0 | 5,891.0 | 5,952.0 |
| Total Liabilities | 9,634.0 | 9,869.0 | 9,180.0 | 9,012.0 | 9,555.0 | 9,500.0 | 9,072.0 | 9,693.0 | 9,784.0 | 9,744.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 23.0 | 24.0 | 26.0 | 28.0 | 29.0 | 29.0 | 30.0 | 33.0 | 34.0 | 36.0 |
| Retained Earnings | 5,607.0 | 5,862.0 | 5,903.0 | 5,870.0 | 5,973.0 | 5,682.0 | 5,407.0 | 5,368.0 | 5,546.0 | 5,298.0 |
| Accumulated Other Comprehensive Income | (304.0) | (644.0) | (612.0) | (789.0) | (1,739.0) | (1,847.0) | (1,762.0) | (1,375.0) | (1,605.0) | (1,398.0) |
| Total Stockholders' Equity | 7,204.0 | 6,987.0 | 7,113.0 | 6,815.0 | 5,845.0 | 5,518.0 | 5,192.0 | 5,647.0 | 5,574.0 | 4,964.0 |
| Total Liabilities & Equity | 16,838.0 | 16,856.0 | 16,293.0 | 15,827.0 | 15,443.0 | 15,018.0 | 14,264.0 | 15,340.0 | 15,358.0 | 14,708.0 |
| Debt Metrics | ||||||||||
| Total Debt | 3,588.0 | 3,874.0 | 3,557.0 | 3,767.0 | 4,369.0 | 3,810.0 | 3,784.0 | 3,912.0 | 3,680.0 | 3,610.0 |
| Net Debt | 2,147.0 | 1,693.0 | 1,522.0 | 1,650.0 | 2,115.0 | 2,453.0 | 2,677.0 | 2,650.0 | 2,382.0 | 2,605.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 922.0 | 862.0 | 747.0 | 309.0 | 815.0 | 1,222.0 | 306.0 | 843.0 | 698.0 | 605.0 |
| Depreciation & Amortization | 392.0 | 392.0 | 376.0 | 379.0 | 405.0 | 424.0 | 431.0 | 434.0 | 444.0 | 441.0 |
| Stock-Based Compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Change in Working Capital | (287.0) | 355.0 | 355.0 | (119.0) | (398.0) | (305.0) | (273.0) | (458.0) | (175.0) | 66.0 |
| Other Non-Cash Items | 431.0 | 99.0 | 97.0 | 206.0 | 103.0 | (283.0) | 126.0 | 145.0 | 119.0 | 115.0 |
| Operating Cash Flow | 1,266.0 | 1,488.0 | 1,598.0 | 768.0 | 1,014.0 | 1,107.0 | 936.0 | 1,012.0 | 1,090.0 | 1,208.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (402.0) | (354.0) | (375.0) | (317.0) | (339.0) | (369.0) | (423.0) | (446.0) | (420.0) | (429.0) |
| Acquisitions | 17.0 | (180.0) | 41.0 | 18.0 | (2.0) | 784.0 | (331.0) | (186.0) | (81.0) | (1,628.0) |
| Purchases of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Sales/Maturities of Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Investing Activities | 68.0 | 87.0 | 53.0 | 51.0 | 75.0 | 205.0 | 109.0 | 109.0 | 113.0 | 138.0 |
| Investing Cash Flow | (317.0) | (447.0) | (281.0) | (248.0) | (266.0) | 620.0 | (645.0) | (523.0) | (388.0) | (1,919.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 304.0 | (248.0) | (621.0) | 544.0 | (2.0) | (131.0) | 195.0 | 68.0 | (295.0) | 663.0 |
| Stock Repurchased | (1,168.0) | (867.0) | (921.0) | (183.0) | (503.0) | (1,783.0) | (582.0) | (241.0) | (219.0) | (340.0) |
| Dividends Paid | (16.0) | (17.0) | (18.0) | (18.0) | (18.0) | (20.0) | (21.0) | (22.0) | (22.0) | (28.0) |
| Other Financing Activities | (6.0) | (3.0) | (2.0) | (5.0) | (3.0) | (4.0) | (4.0) | (9.0) | 0.0 | (10.0) |
| Financing Cash Flow | (813.0) | (1,091.0) | (1,446.0) | 360.0 | (502.0) | (1,864.0) | (360.0) | (168.0) | (504.0) | 335.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 146.0 | (82.0) | (137.0) | 897.0 | 250.0 | (155.0) | (36.0) | 293.0 | 183.0 | (389.0) |
| Cash at Beginning | 2,035.0 | 2,117.0 | 2,254.0 | 1,357.0 | 1,107.0 | 1,262.0 | 1,298.0 | 1,005.0 | 822.0 | 1,211.0 |
| Cash at End | 2,181.0 | 2,035.0 | 2,117.0 | 2,254.0 | 1,357.0 | 1,107.0 | 1,262.0 | 1,298.0 | 1,005.0 | 822.0 |
| Free Cash Flow | 864.0 | 1,134.0 | 1,223.0 | 451.0 | 675.0 | 738.0 | 513.0 | 566.0 | 670.0 | 779.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 13,702.0 | 12,869.0 | 12,382.0 | 11,651.0 | 13,630.0 | 13,972.0 | 14,198.0 | 13,788.0 | 13,423.0 | 13,878.0 |
| Gross Profit | 2,502.0 | 2,670.0 | 2,704.0 | 2,161.0 | 2,853.0 | 3,021.0 | 3,005.0 | 3,154.0 | 3,222.0 | 3,151.0 |
| Operating Income | 855.0 | 883.0 | 864.0 | 567.0 | 1,054.0 | 1,103.0 | 1,037.0 | 1,173.0 | 1,140.0 | 1,096.0 |
| Net Income | 824.0 | 861.0 | 746.0 | 309.0 | 815.0 | 1,222.0 | 307.0 | 962.0 | 697.0 | 600.0 |
| EPS (Diluted) | 4.33 | 4.01 | 3.29 | 1.35 | 3.50 | 4.83 | 1.14 | 3.53 | 2.50 | 2.13 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 1,441.0 | 2,181.0 | 2,035.0 | 2,117.0 | 2,254.0 | 1,357.0 | 1,107.0 | 1,262.0 | 1,298.0 | 1,005.0 |
| Total Assets | 16,838.0 | 16,856.0 | 16,293.0 | 15,827.0 | 15,400.0 | 15,018.0 | 14,264.0 | 15,340.0 | 15,358.0 | 14,708.0 |
| Total Debt | 3,588.0 | 3,874.0 | 3,557.0 | 3,767.0 | 4,369.0 | 3,810.0 | 3,784.0 | 3,912.0 | 3,680.0 | 3,610.0 |
| Stockholders' Equity | 7,204.0 | 6,987.0 | 7,113.0 | 6,815.0 | 5,845.0 | 5,518.0 | 5,192.0 | 5,647.0 | 5,574.0 | 4,964.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 1,266.0 | 1,488.0 | 1,598.0 | 768.0 | 1,014.0 | 1,107.0 | 936.0 | 1,012.0 | 1,090.0 | 1,208.0 |
| Capital Expenditure | (402.0) | (354.0) | (375.0) | (317.0) | (339.0) | (369.0) | (423.0) | (446.0) | (420.0) | (429.0) |
| Free Cash Flow | 864.0 | 1,134.0 | 1,223.0 | 451.0 | 675.0 | 738.0 | 513.0 | 566.0 | 670.0 | 779.0 |