OverviewSuggest Edit

Textron is a multi-industry company engaged in the aircraft, defense, industrial, and finance businesses. It operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The сompany manufactures and sells business jets, military trainer and defense aircraft, commercial helicopters, unmanned, marine, and land systems, fuel system components as well as simulation, training, and other defense and aviation mission support products and specialized vehicles. Textron also provides related parts and aftermarket services, intelligence software solutions, and logistics support services.
TypePublic
Founded1923
HQProvidence, RI, US
Websitetextron.com
Employee Ratings3.7
Overall CultureB+

Latest Updates

Employees (est.) (Jan 2020)35,000
Job Openings1,348
Revenue (FY, 2020)$11.7 B(-14%)
Share Price (Sept 2021)$71.3
Cybersecurity ratingBMore

Key People/Management at Textron

Scott C. Donnelly

Scott C. Donnelly

Chairman, President and Chief Executive Officer
Frank T. Connor

Frank T. Connor

Executive Vice President and Chief Financial Officer
R. Danny Maldonado

R. Danny Maldonado

President and Chief Executive Officer, Textron Financial Corporation
Mitch Snyder

Mitch Snyder

President and Chief Executive Officer, Bell
Julie G. Duffy

Julie G. Duffy

Executive Vice President, Human Resources
Gunnar Kleveland

Gunnar Kleveland

President and CEO, Textron Specialized Vehicles Inc.
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Textron Office Locations

Textron has offices in Providence, Augusta, Blackstone, Cockeysville and in 14 other locations
Providence, RI, US (HQ)
Textron Tower, 40 Westminster St
Augusta, GA, US
1451 Marvin Griffin Rd
Blackstone, VA, US
277 Dominy Corner Rd
Cockeysville, MD, US
124 Industry Ln
Cockeysville, MD, US
300 Clubhouse Rd, Hunt Valley
Fort Worth, TX, US
1102 Tradewind Dr
Show all (21)

Textron Financials and Metrics

Textron Revenue

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Textron's revenue was reported to be $11.65 b in FY, 2020 which is a 14.5% decrease from the previous period.
USD

Revenue (Q2, 2021)

3.2b

Gross profit (Q2, 2021)

531.0m

Gross profit margin (Q2, 2021), %

16.6%

Net income (Q2, 2021)

183.0m

Market capitalization (9-Sept-2021)

16.1b

Closing stock price (9-Sept-2021)

71.3

Cash (3-Jul-2021)

2.2b

EV

17.7b
Textron's current market capitalization is $16.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

14.0b13.6b11.7b

Revenue growth, %

(2%)(2%)(15%)

Cost of goods sold

11.6b11.4b10.1b

Gross profit

2.4b2.2b1.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

3.1b3.2b3.3b2.8b2.5b2.7b2.9b3.2b

Cost of goods sold

2.6b2.6b2.7b2.4b2.3b2.3b2.4b2.7b

Gross profit

532.0m586.0m512.0m390.0m221.0m403.0m479.0m531.0m

Gross profit Margin, %

17%18%16%14%9%15%17%17%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.1b1.4b2.3b

Accounts Receivable

1.8b1.6b1.5b

Inventories

3.8b4.1b3.5b

Current Assets

7.5b7.9b8.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

742.0m857.0m1.1b2.4b2.3b2.7b2.1b2.2b

Accounts Receivable

1.8b1.8b1.7b1.6b1.5b1.6b1.6b1.5b

Inventories

4.0b4.3b4.4b4.4b4.3b4.3b3.7b3.7b

Current Assets

7.4b7.8b8.1b9.4b8.9b9.3b8.2b8.2b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.2b815.0m309.0m

Depreciation and Amortization

437.0m416.0m391.0m

Inventories

41.0m(292.0m)434.0m

Accounts Payable

(63.0m)280.0m(613.0m)
Quarterly
USDFY, 2018

EV/CFO

15.2 x

EV/FCF

22.8 x

Revenue/Employee

399.2k

Debt/Equity

1.3 x

Debt/Assets

0.5 x

Financial Leverage

2.7 x

P/E Ratio

9.5
Show all financial metrics

Textron Operating Metrics

FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021

Helicopters Delivered

1923053422011527411401747

Aircraft Deliveries

374382245

Citation Jets Delivered

1884446452062346251322844

Commercial Turboprops Delivered

1864434391761634211131433
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Textron Acquisitions / Subsidiaries

Company NameDateDeal Size
Howe and Howe TechnologiesOctober 26, 2018
Arctic CatMarch 06, 2017$316 m
Able AerospaceJanuary 21, 2016
Able Engineering & Component ServicesJanuary 21, 2016
Beech HoldingsMarch 14, 2014$1.4 b
MechtronixNovember 25, 2013
OpinicusNovember 22, 2013
AAI CorporationOctober 10, 2007
Industrial Technology, Inc.June 18, 2001
Opto-ElectronicsJune 18, 2001
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Textron Revenue Breakdown

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Textron revenue breakdown by business segment: 25.7% from Industrial, 11.3% from Textron Systems, 28.4% from Bell, 34.1% from Textron Aviation and 0.5% from Other

Textron revenue breakdown by geographic segment: 10.9% from Other international, 9.5% from Asia and Australia, 11.5% from Europe and 68.2% from United States

Human Capital Metrics

Source: s1.q4cdn.com
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Textron Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Textron Online and Social Media Presence

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Textron Company Culture

  • Overall Culture

    B+

    72/100

  • CEO Rating

    A

    76/100

  • Compensation

    B

    69/100

  • Diversity

    B

    71/100

Learn more on Comparably

Textron News and Updates

Insights on the Aircraft Ground Support Equipment Global Market to 2027 - Featuring Cavotec, Textron and JBT Corporation Among Others

DUBLIN, Sept. 3, 2021 /PRNewswire/ -- The "Aircraft Ground Support Equipment Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering. The report on the global aircraft ground support equipment market...

Cowen Analysts Upgrade Textron on Bizjet , eVTOL Vigor

Cowen Analysts Upgrade Textron on Bizjet , eVTOL Vigor

Textron Denali ground test runs successful - Corporate Jet Investor

Textron Denali ground test runs successful - Corporate Jet Investor

Beechcraft Denali moves closer to first flight with successful ground engine runs

Textron Aviation today announced it successfully completed initial ground engine runs on the prototype Beechcraft Denali single-engine turboprop powered by GE Aviation’s new advanced Catalyst engine. The ground engine runs, which took place at Textron Aviation’s west campus in Wichita, Kansas, verif…

Textron Systems Awarded Contract Valued up to $92.5 Million for OSRVTTM Contractor Logistics Support

Textron Systems Corporation, a Textron Inc. (NYSE: TXT) company, today announced that it has been awarded a contract valued up to $92.5 million by the U.S. Army to provide Contractor Logistics Support (CLS) for the One System® Remote Video Terminal (OSRVTTM). This three-year contract provides logist…

Textron Aviation, Honeywell partner to boost communications on older business jets

Textron Aviation, Honeywell partner to boost communications on older business jets
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Textron Blogs

Textron Reports Third Quarter 2020 Results

Textron Reports Third Quarter 2020 Results Sort Order:  1 ArticleLink:  Read More

Textron Honored With Workforce Development Award

 Textron Honored With Workforce Development Award Sort Order:  1 ArticleLink:  Read More

TEXTRON'S COVID-19 RESPONSE

Description:  Throughout the COVID-19 pandemic, Textron has focused on fulfilling our commitments to our customers while swiftly enhancing the safety of our workplaces to protect the health of our employees. We have also worked closely with our business partners and suppliers and provided help and…

Special Missions Cessna Grand Caravan EX Fleet In Africa Grows In Support Of U.S. African Partnership Flight Initiative

Special Missions Cessna Grand Caravan EX fleet in Africa grows in support of U.S. African Partnership Flight initiative Sort Order:  5 ArticleLink:  READ MORE

Bell Celebrates Grand Opening Of New Facility In Wichita, KS

Bell Celebrates Grand Opening Of New Facility In Wichita, KS Sort Order:  1 ArticleLink:  READ MORE

Textron To Relocate Jacobsen Production to U.K. Facility

Textron To Relocate Jacobsen Production to U.K. Facility Sort Order:  2 ArticleLink:  READ MORE
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Textron Frequently Asked Questions

  • When was Textron founded?

    Textron was founded in 1923.

  • Who are Textron key executives?

    Textron's key executives are Scott C. Donnelly, Frank T. Connor and R. Danny Maldonado.

  • How many employees does Textron have?

    Textron has 35,000 employees.

  • What is Textron revenue?

    Latest Textron annual revenue is $11.7 b.

  • What is Textron revenue per employee?

    Latest Textron revenue per employee is $332.9 k.

  • Who are Textron competitors?

    Competitors of Textron include AVIC Xi'an Aircraft Industry Group, Embraer and Gulfstream Aerospace.

  • Where is Textron headquarters?

    Textron headquarters is located at Textron Tower, 40 Westminster St, Providence.

  • Where are Textron offices?

    Textron has offices in Providence, Augusta, Blackstone, Cockeysville and in 14 other locations.

  • How many offices does Textron have?

    Textron has 21 offices.