Textron (TXT) FY2024 results: revenue $13.7 billion, up 0.1% on the year
Textron Inc. (TXT) reported revenue of $13.7 billion for fiscal 2024, the year ended 28 December 2024, up 0.1% on the year before. Net income was $824 million, down 10.5%, and diluted earnings per share $4.33. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2025.
Revenue
$13.7 billion
+0.1% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$824 million
-10.5% on the year
FY2017FY2024
Diluted EPS
$4.33
-5.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,014
1,266
1,488
-19.9%
Capital expenditure
364
402
354
-9.5%
Free cash flow
650
864
1,134
-24.8%
Free cash flow margin
4.7%
6.3%
8.8%
Cash from investing
-284
-317
-447
Cash from financing
-1,454
-813
-1,091
Depreciation and amortisation
382
395
397
-3.3%
Share-based compensation
66.0
94.0
66.0
-29.8%
Buybacks
1,122
1,168
867
-3.9%
Dividends paid
12.0
16.0
17.0
-25.0%
Dividend per share
$0.08
$0.08
$0.08
0.0%
Diluted shares, weighted
190m
202m
215m
-5.7%
Shares outstanding at period end
183m
193m
206m
-5.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
7,204
6,987
7,113
+3.1%
Debt
3,588
3,874
3,557
-7.4%
Operating lease liabilities
316
326
326
-3.1%
Finance lease liabilities
n/a
22.0
n/a
Other liabilities
5,730
5,647
5,297
+1.5%
Total liabilities and equity
16,838
16,856
16,293
-0.1%
Fixed assets
n/a
2,477
2,523
Intangible assets
362
399
461
-9.3%
Cash and equivalents
1,441
2,181
2,035
-33.9%
Inventory
4,071
3,914
3,550
+4.0%
Other assets
10,964
7,885
7,724
+39.0%
Total assets
16,838
16,856
16,293
-0.1%
10-K for the year ended 28 December 2024, filed 6 February 2025: the filing.