Textron Inc.

TXT

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/28/2024

Revenue

13,702

Cost of Revenue

11,200

Gross Profit

2,502

Gross Margin

18.3%

Operating Income

855

Operating Margin

6.2%

Net Income

824

Net Margin

6.0%

EPS (Basic)

$4.38

EPS (Diluted)

$4.33

EBITDA

1,422

EBITDA Margin

10.4%

2023

12/31/2023

Revenue

12,869

Cost of Revenue

10,199

Gross Profit

2,670

Gross Margin

20.7%

Operating Income

883

Operating Margin

6.9%

Net Income

861

Net Margin

6.7%

EPS (Basic)

$4.05

EPS (Diluted)

$4.01

EBITDA

1,515

EBITDA Margin

11.8%

2022

12/31/2022

Revenue

12,382

Cost of Revenue

9,678

Gross Profit

2,704

Gross Margin

21.8%

Operating Income

864

Operating Margin

7.0%

Net Income

746

Net Margin

6.0%

EPS (Basic)

$3.33

EPS (Diluted)

$3.29

EBITDA

1,391

EBITDA Margin

11.2%

2021

12/31/2021

Revenue

11,651

Cost of Revenue

9,490

Gross Profit

2,161

Gross Margin

18.5%

Operating Income

567

Operating Margin

4.9%

Net Income

309

Net Margin

2.7%

EPS (Basic)

$1.35

EPS (Diluted)

$1.35

EBITDA

827

EBITDA Margin

7.1%

2020

12/31/2020

Revenue

13,630

Cost of Revenue

10,777

Gross Profit

2,853

Gross Margin

20.9%

Operating Income

1,054

Operating Margin

7.7%

Net Income

815

Net Margin

6.0%

EPS (Basic)

$3.52

EPS (Diluted)

$3.50

EBITDA

1,518

EBITDA Margin

11.1%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	13,702	12,869	12,382	11,651	13,630
Cost of Revenue	11,200	10,199	9,678	9,490	10,777
Gross Profit	2,502	2,670	2,704	2,161	2,853
Gross Margin	18.3%	20.7%	21.8%	18.5%	20.9%
Operating Income	855	883	864	567	1,054
Operating Margin	6.2%	6.9%	7.0%	4.9%	7.7%
Net Income	824	861	746	309	815
Net Margin	6.0%	6.7%	6.0%	2.7%	6.0%
EPS (Basic)	$4.38	$4.05	$3.33	$1.35	$3.52
EPS (Diluted)	$4.33	$4.01	$3.29	$1.35	$3.50
EBITDA	1,422	1,515	1,391	827	1,518
EBITDA Margin	10.4%	11.8%	11.2%	7.1%	11.1%