TEXTRON INC

TXT 10-Q · Q1 2026

TXT Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 3,695 3,306 +11.8%
Show Product Lines breakouts
Aftermarket parts and services · Textron Aviation 531 483 +9.9%
Aircraft · Textron Aviation 954 733 +30.2%
Commercial helicopters, parts and services · Bell 275 349 -21.2%
Fuel systems and functional components · Industrial 486 450 +8.0%
Military aircraft and support programs · Bell 795 634 +25.4%
Product · Manufacturing group 3,157 2,771 +13.9%
Service · Manufacturing group 522 519 +0.6%
Specialized vehicles · Industrial 300 342 -12.3%
Show Business Segments breakouts
Bell 1,070 983 +8.9%
Bell · Commercial 275 361 -23.8%
Bell · Europe 26 56 -53.6%
Bell · Manufacturing group 1,070 983 +8.9%
Bell · Other international 177 245 -27.8%
Bell · U.S. Government 795 622 +27.8%
Bell · US 867 682 +27.1%
Finance 16 16 0.0%
Finance · Commercial 16 16 0.0%
Finance · Europe 2
Finance · Finance group 16 16 0.0%
Finance · Other international 10 12 -16.7%
Finance · US 4 4 0.0%
Industrial 786 792 -0.8%
Industrial · Commercial 781 785 -0.5%
Industrial · Europe 192 164 +17.1%
Industrial · Manufacturing group 786 792 -0.8%
Industrial · Other international 224 220 +1.8%
Industrial · U.S. Government 5 7 -28.6%
Industrial · US 370 408 -9.3%
Textron Aviation 1,485 1,216 +22.1%
Textron Aviation · Commercial 1,391 1,147 +21.3%
Textron Aviation · Europe 150 89 +68.5%
Textron Aviation · Manufacturing group 1,485 1,216 +22.1%
Textron Aviation · Other international 235 215 +9.3%
Textron Aviation · U.S. Government 94 69 +36.2%
Textron Aviation · US 1,100 912 +20.6%
Textron Systems 338 299 +13.0%
Textron Systems · Commercial 77 73 +5.5%
Textron Systems · Europe 14 12 +16.7%
Textron Systems · Manufacturing group 338 299 +13.0%
Textron Systems · Other international 18 15 +20.0%
Textron Systems · U.S. Government 261 226 +15.5%
Textron Systems · US 306 272 +12.5%
Show Geography breakouts
Europe 384 321 +19.6%
Other international 664 707 -6.1%
US 2,647 2,278 +16.2%
Show Legal Entity breakouts
Finance group 16 16 0.0%
Show Consolidation Items breakouts
Operating Segments 3,695 3,306 +11.8%
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Commercial 2,540 2,382 +6.6%
U.S. Government 1,155 924 +25.0%
Cost of Revenue (Q)
Show Product Lines breakouts
Product 2,624 2,277 +15.2%
Service 399 395 +1.0%
Show Business Segments breakouts
Bell · Manufacturing group 904 803 +12.6%
Industrial · Manufacturing group 661 678 -2.5%
Textron Aviation · Manufacturing group 1,153 933 +23.6%
Textron Systems · Manufacturing group 258 221 +16.7%
Show Consolidation Items breakouts
Operating Segments 2,976 2,635 +12.9%
Research & Development 120 132 -9.1%
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Bell · Manufacturing group 37 39 -5.1%
Industrial · Manufacturing group 16 14 +14.3%
Textron Aviation · Manufacturing group 56 60 -6.7%
Textron Systems · Manufacturing group 9 10 -10.0%
Show Consolidation Items breakouts
Operating Segments 118 123 -4.1%
Selling, General & Administrative 321 298 +7.7%
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Bell · Manufacturing group 57 51 +11.8%
Finance · Finance group -1 2 -150.0%
Industrial · Manufacturing group 69 70 -1.4%
Textron Aviation · Manufacturing group 122 101 +20.8%
Textron Systems · Manufacturing group 29 30 -3.3%
Show Consolidation Items breakouts
Operating Segments 276 254 +8.7%
Interest Income Expense Net 34 29 +17.2%
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Finance · Finance group 5 4 +25.0%
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Manufacturing group · Material Reconciling Items 29 25 +16.0%
Show Consolidation Items breakouts
Operating Segments 5 4 +25.0%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component -70 -66 -6.1%
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Material Reconciling Items -70 -66 -6.1%
Other Cost And Expense Operating 3,428 3,065 +11.8%
Income Before Taxes 267 241 +10.8%
Income Tax Expense (Benefit) 47 34 +38.2%
Net Income 220 207 +6.3%
Show Equity Components breakouts
Retained Earnings 220 207 +6.3%
EPS (Basic) 1.26 1.14 +10.5%
EPS (Diluted) 1.25 1.13 +10.6%
Operating Income (Q)
Show Business Segments breakouts
Bell · Manufacturing group 72 90 -20.0%
Finance · Finance group 12 10 +20.0%
Industrial · Manufacturing group 40 30 +33.3%
Textron Aviation · Manufacturing group 154 122 +26.2%
Textron Systems · Manufacturing group 42 38 +10.5%
Show Consolidation Items breakouts
Operating Segments 320 290 +10.3%
Comprehensive Income 202 246 -17.9%
Other Comprehensive Income -18 39 -146.2%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -18 39 -146.2%
Wtd Avg Shares (Basic) 174,563 182,378 -4.3%
Wtd Avg Shares (Diluted) 176,177 183,668 -4.1%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -6 -2 -200.0%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents (Q)
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Finance group 101
Manufacturing group 1,509
Accounts Receivable (Q)
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Manufacturing group 885
Inventory 4,560 4,270 +6.8%
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Manufacturing group 4,560
Other Assets Current (Q)
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Manufacturing group 1,007
Total Current Assets (Q)
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Manufacturing group 7,961
Non-Current Assets
Goodwill (Q)
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Manufacturing group 2,317
Other Non-Current Assets (Q)
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Manufacturing group 4,607
Total Assets 18,141 16,942 +7.1%
Show Business Segments breakouts
Bell · Manufacturing group 3,410
Finance · Finance group 684
Industrial · Manufacturing group 2,406
Textron Aviation · Manufacturing group 5,144
Textron Systems · Manufacturing group 2,233
Show Legal Entity breakouts
Finance group 684
Manufacturing group 17,457
Manufacturing group · Corporate Non Segment 4,264
Operating Lease Right-of-Use Assets 398 355 +12.1%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization (Q)
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Manufacturing group 2,572
Notes Receivable Net 580 610 -4.9%
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Finance group 580
Other Assets (Q)
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Finance group 3
Current Liabilities
Long Term Debt And Capital Lease Obligations Current (Q)
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Manufacturing group 355
Accounts Payable (Q)
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Manufacturing group 1,288
Other Liabilities Current (Q)
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Manufacturing group 3,042
Total Current Liabilities (Q)
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Manufacturing group 4,685
Non-Current Liabilities
Other Non-Current Liabilities (Q)
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Manufacturing group 1,960
Long-Term Debt (Q)
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Finance group 339
Total Liabilities 10,139 9,667 +4.9%
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Finance group 383
Manufacturing group 9,756
Operating Lease Liabilities 353 313 +12.8%
Other Liabilities
Long Term Debt And Capital Lease Obligations (Q)
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Manufacturing group 3,111
Other Liabilities (Q)
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Finance group 44
Stockholders' Equity
Common Stock 22 23 -4.3%
Additional Paid-In Capital 2,091 2,005 +4.3%
Treasury Stock Value -223 -299 +25.4%
Retained Earnings 6,001 5,811 +3.3%
Accumulated Other Comprehensive Income 111 -265 +141.9%
Total Stockholders' Equity 8,002 7,275 +10.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 120 -179 +167.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent -6 -6 0.0%
Accumulated Other Comprehensive Income 111 -265 +141.9%
Accumulated Translation Adjustment -3 -80 +96.2%
Additional Paid In Capital 2,091 2,005 +4.3%
Common Stock 22 23 -4.3%
Retained Earnings 6,001 5,811 +3.3%
Treasury Stock Common -223 -299 +25.4%
Total Liabilities & Equity 18,141 16,942 +7.1%
Common Stock Shares Outstanding 173,859 180,578 -3.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Income Loss From Continuing Operations 220 207 +6.3%
Show Legal Entity breakouts
Finance group 10 8 +25.0%
Manufacturing group 210 199 +5.5%
Depreciation & Amortization 96 92 +4.3%
Show Business Segments breakouts
Bell · Manufacturing group 24 22 +9.1%
Industrial · Manufacturing group 17 17 0.0%
Textron Aviation · Manufacturing group 41 39 +5.1%
Textron Systems · Manufacturing group 12 12 0.0%
Show Legal Entity breakouts
Manufacturing group 96 92 +4.3%
Manufacturing group · Corporate Non Segment 2 2 0.0%
Deferred Income Taxes And Tax Credits 44 -22 +300.0%
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Finance group -7 1 -800.0%
Manufacturing group 51 -23 +321.7%
Other Non-Cash Items 42 41 +2.4%
Show Legal Entity breakouts
Finance group -4 -1 -300.0%
Manufacturing group 46 42 +9.5%
Increase Decrease In Receivables -61 16 -481.2%
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Manufacturing group -61 16 -481.2%
Change in Inventory -289 -183 -57.9%
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Manufacturing group -289 -183 -57.9%
Increase Decrease In Other Operating Assets -104 -136 +23.5%
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Manufacturing group -104 -136 +23.5%
Change in Accounts Payable 162 171 -5.3%
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Manufacturing group 162 171 -5.3%
Increase Decrease In Other Operating Liabilities -148 -282 +47.5%
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Finance group -5 -6 +16.7%
Manufacturing group -143 -276 +48.2%
Increase Decrease In Income Taxes -5 39 -112.8%
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Finance group 9 1 +800.0%
Manufacturing group -14 38 -136.8%
Net Increase Decrease In Pension -60 -59 -1.7%
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Manufacturing group -60 -59 -1.7%
Increase Decrease In Other Operating Capital Net -1 5 -120.0%
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Manufacturing group -1 5 -120.0%
Net Cash from Operations -117 -124 +5.6%
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Finance group 3 3 0.0%
Manufacturing group -107 -114 +6.1%
Captive Finance Receivables Net -13 -13 0.0%
Investing Activities
Payments To Acquire Productive Assets -133 -56 -137.5%
Show Business Segments breakouts
Bell · Manufacturing group -72 -15 -380.0%
Industrial · Manufacturing group -21 -10 -110.0%
Textron Aviation · Manufacturing group -32 -26 -23.1%
Textron Systems · Manufacturing group -6 -5 -20.0%
Show Legal Entity breakouts
Manufacturing group -133 -56 -137.5%
Manufacturing group · Corporate Non Segment -2
Proceeds From Life Insurance Policies 1 31 -96.8%
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Manufacturing group 1 31 -96.8%
Proceeds From Sale Of Property Plant And Equipment 2
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Manufacturing group 2
Finance Receivables Repaid 7 9 -22.2%
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Finance group 34 29 +17.2%
Finance Receivables Originated -9
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Finance group -49 -33 -48.5%
Proceeds From The Disposition Of Non Captive Assets 24
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Finance group 24
Other Investing Activities 4 15 -73.3%
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Finance group 4
Net Cash from Investing -104 -1 -10300.0%
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Finance group 13 -4 +425.0%
Manufacturing group -130 -10 -1200.0%
Financing Activities
Repayments Of Long Term Debt And Capital Securities -74 -355 +79.2%
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Manufacturing group -74 -352 +79.0%
Share Repurchases -168 -215 +21.9%
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Manufacturing group -168 -215 +21.9%
Proceeds From Stock Options Exercised 56 6 +833.3%
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Manufacturing group 56 6 +833.3%
Payments Of Dividends -3 -3 0.0%
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Manufacturing group -3 -3 0.0%
Proceeds From Payments For Other Financing Activities -4 -6 +33.3%
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Manufacturing group -4 -6 +33.3%
Net Cash from Financing -193 -78 -147.4%
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Manufacturing group -193 -75 -157.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -1 7 -114.3%
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Manufacturing group -1 7 -114.3%
Net Change in Cash -415 -196 -111.7%
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Finance group 16 -4 +500.0%
Manufacturing group -431 -192 -124.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,610 1,245 +29.3%
Show Legal Entity breakouts
Finance group 101 51 +98.0%
Manufacturing group 1,509 1,194 +26.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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