TEXTRON INC
TXT · Aircraft & Parts · 173.9M shares · -4%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $1.1B (gross $1.2B, SBC $94M)
Reference price $93.09 · est. market cap ~$16.2B — last insider sale, 2026-05-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B73Textron is a solid multi-industry aerospace/defense franchise with good returns but thin consolidated margins and segment-level pressure.
Strengths
- Strong ROA (78.7th pct) and double-digit ROE (~11.7%, 65th), with Aviation profit +23% and growing backlogs
- Diversified franchise (Cessna, Beechcraft, Bell, defense) with large installed base and aftermarket
Risks
- Thin net margin (6.2%); Bell margin compressed 180bp with a $60-110M MV-75 catch-up charge looming
- Industrial segment revenue down 9% and weak margins; program/strike and defense-budget exposure
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~27% of revenue from one customer/distributor — Textron Systems’ backlog increased $710 million, 27%, in 2025, compared with 2024, reflecting orders in excess of revenues recognized and deliveries
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$988,594, last 6mo) Form 4 ↗
- Buying back stockNet buyback — share count -4%/yr over 4y
- Insider sellingInsider selling — 9 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$30M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
6.2%
Return on equity
11.7%
Return on assets
5.1%
Revenue growth (QoQ)
2.6%
Net-income growth
11.8%
Tangible book value
$7.5B
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-06 | CLARK R KERRY | Sell | 2.5K | $93.09 |
| 2026-05-01 | Kennedy Thomas A | Buy | 10K | $95.98 |
| 2026-04-29 | James Deborah L | Grant | 2.1K | — |
| 2026-04-29 | Mendez Echevarria Maria Cristina | Grant | 2.1K | — |
| 2026-04-29 | Kennedy Thomas A | Grant | 2.1K | — |
| 2026-04-29 | Garrett Michael X | Grant | 2.1K | — |
| 2026-04-29 | CLARK R KERRY | Grant | 2.1K | — |
| 2026-04-29 | Ambrose Richard F | Grant | 2.1K | — |
| 2026-04-29 | Zuber Maria T | Grant | 2.1K | — |
| 2026-04-29 | NOWELL LIONEL L III | Grant | 2.1K | — |
| 2026-04-29 | MIONIS ROBERT | Grant | 2.1K | — |
| 2026-03-01 | Rosenberg David Mathew | Grant | 6.1K | — |
| 2026-03-01 | Atherton Lisa M | Grant | 27K | — |
| 2026-03-01 | Atherton Lisa M | Tax withheld | 2.0K | $98.65 |
| 2026-03-01 | Duffy Julie G | Grant | 3.9K | — |
| 2026-03-01 | Duffy Julie G | Tax withheld | 1.9K | $98.65 |
| 2026-03-01 | Bamford Mark S | Grant | 1.3K | — |
| 2026-03-01 | Bamford Mark S | Tax withheld | 564 | $98.65 |
| 2026-03-01 | Lupone E Robert | Grant | 5.6K | — |
| 2026-03-01 | Lupone E Robert | Tax withheld | 2.4K | $98.65 |
| 2026-03-01 | DONNELLY SCOTT C | Grant | 13K | — |
| 2026-03-01 | DONNELLY SCOTT C | Tax withheld | 20K | $98.65 |
| 2026-02-17 | Bamford Mark S | Option exercise | 5.0K | $51.56 |
| 2026-02-17 | Bamford Mark S | Sell | 20K | $97.96 |
| 2026-02-17 | Lupone E Robert | Option exercise | 28K | $49.58 |
| 2026-02-17 | Lupone E Robert | Sell | 28K | $98.84 |
| 2026-02-17 | Bamford Mark S | Option exercise | 5.7K | $40.60 |
| 2026-02-15 | Mendez Echevarria Maria Cristina | Grant | 378 | — |
| 2026-02-13 | Duffy Julie G | Option exercise | 20K | $51.56 |
| 2026-02-13 | Atherton Lisa M | Option exercise | 7.6K | $34.50 |
| 2026-02-13 | Atherton Lisa M | Sell | 7.6K | $98.68 |
| 2026-02-13 | Atherton Lisa M | Gift | 2.5K | — |
| 2026-02-13 | Duffy Julie G | Sell | 20K | $98.70 |
| 2026-02-13 | Bamford Mark S | Option exercise | 4.6K | $54.43 |
| 2026-02-13 | Bamford Mark S | Option exercise | 1.4K | $40.60 |
| 2026-02-13 | Bamford Mark S | Option exercise | 1.2K | $51.56 |
| 2026-02-13 | Bamford Mark S | Sell | 9.5K | $98.68 |
| 2026-02-13 | DONNELLY SCOTT C | Option exercise | 220K | $49.58 |
| 2026-02-13 | DONNELLY SCOTT C | Sell | 130K | $98.15 |
| 2026-02-13 | DONNELLY SCOTT C | Sell | 89K | $98.79 |
| 2026-02-13 | DONNELLY SCOTT C | Sell | 222 | $99.66 |
| 2025-07-25 | Duffy Julie G | Option exercise | 6.3K | $49.58 |
| 2025-07-25 | Duffy Julie G | Sell | 6.3K | $79.40 |
| 2025-07-25 | Duffy Julie G | Option exercise | 22K | $40.60 |
| 2025-07-25 | Duffy Julie G | Sell | 22K | $79.36 |
| 2025-07-25 | Duffy Julie G | Gift | 585 | — |
| 2025-04-23 | Zuber Maria T | Grant | 2.8K | — |
| 2025-04-23 | NOWELL LIONEL L III | Grant | 2.8K | — |
| 2025-04-23 | MIONIS ROBERT | Grant | 2.8K | — |
| 2025-04-23 | Kennedy Thomas A | Grant | 2.8K | — |
| 2025-04-23 | James Deborah L | Grant | 2.8K | — |
| 2025-04-23 | Garrett Michael X | Grant | 2.8K | — |
| 2025-04-23 | CLARK R KERRY | Grant | 2.8K | — |
| 2025-04-23 | BADER KATHLEEN M | Grant | 2.8K | — |
| 2025-04-23 | Ambrose Richard F | Grant | 2.8K | — |
| 2025-03-01 | Rosenberg David Mathew | Grant | 7.0K | — |
| 2025-03-01 | Lupone E Robert | Grant | 6.6K | — |
| 2025-03-01 | Lupone E Robert | Tax withheld | 1.4K | $74.73 |
| 2025-03-01 | DONNELLY SCOTT C | Grant | 47K | — |
| 2025-03-01 | DONNELLY SCOTT C | Tax withheld | 17K | $74.73 |
| 2025-03-01 | Duffy Julie G | Grant | 4.6K | — |
| 2025-03-01 | Duffy Julie G | Tax withheld | 1.1K | $74.73 |
| 2025-03-01 | Bamford Mark S | Grant | 1.5K | — |
| 2025-03-01 | Bamford Mark S | Tax withheld | 326 | $74.73 |
| 2025-03-01 | MIONIS ROBERT | Grant | 321 | — |
| 2025-02-25 | Bamford Mark S | Option exercise | 2.0K | $54.43 |
| 2025-02-25 | Bamford Mark S | Sell | 2.0K | $73.50 |
| 2025-02-24 | Bamford Mark S | Option exercise | 5.5K | $58.24 |
| 2025-02-24 | Bamford Mark S | Sell | 5.5K | $72.68 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (3)
- U.S. Army
- U.S. Government
- U.S. Navy
Suppliers (2)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-01 | Shareholder vote | filing ↗ |
| 2026-04-30 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-02-02 | Exec/director change | filing ↗ |
| 2026-01-28 | ResultsExhibits | filing ↗ |
| 2025-10-31 | OtherExhibits | filing ↗ |
| 2025-10-23 | ResultsExhibits | filing ↗ |
| 2025-10-22 | Exec/director change5.03Exhibits | filing ↗ |
| 2025-10-20 | Material agreement1.02Debt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-01 | 2026-04-29 | 0001104659-26-054116 ↗ |
| 10-Q | 2026-04-30 | 2026-04-04 | 0000217346-26-000012 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0000217346-26-000009 ↗ |
| 10-K | 2026-02-11 | 2026-01-03 | 0000217346-26-000006 ↗ |
| 8-K | 2026-02-02 | 2026-01-30 | 0000217346-26-000004 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0000217346-26-000002 ↗ |
| 8-K | 2025-10-31 | 2025-10-31 | 0001104659-25-104807 ↗ |
| 10-Q | 2025-10-23 | 2025-09-27 | 0000217346-25-000077 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0000217346-25-000074 ↗ |
| 8-K | 2025-10-22 | 2025-10-22 | 0001104659-25-101558 ↗ |
| 8-K | 2025-10-20 | 2025-10-16 | 0001104659-25-100886 ↗ |
| 8-K | 2025-10-17 | 2025-10-16 | 0000217346-25-000072 ↗ |