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Arphra AIPlain-English read on Textron Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +16.84% | +20.75% | +20.81% | +18.26% | +16.91% | +18.20% | +19.10% | +19.19% | +18.33% |
| Operating margin | +6.98% | +6.86% | +7.70% | +6.24% | +8.44% | +7.32% | +7.36% | +7.27% | +7.62% |
| EBITDA margin | +11.35% | +11.81% | +11.39% | +10.38% | +11.12% | +10.95% | +10.83% | +10.89% | +11.06% |
| EBIT margin | +8.20% | +8.73% | +8.51% | +7.59% | +8.41% | +7.97% | +8.03% | +8.37% | +8.05% |
| Pre-tax margin | +7.05% | +7.89% | +7.94% | +6.88% | +7.68% | +7.63% | +7.51% | +7.58% | +7.43% |
| Net margin | +6.02% | +6.69% | +6.73% | +6.01% | +6.22% | +6.14% | +6.51% | +6.30% | +6.14% |
| Cost structure | |||||||||
| Cost of revenue / sales | +83.16% | +79.25% | +79.19% | +81.74% | +83.09% | +81.98% | +80.25% | +82.00% | +80.10% |
| R&D intensity | +5.00% | +4.67% | +4.17% | +3.58% | +3.52% | +3.75% | +3.86% | +3.84% | +3.85% |
| SG&A intensity | +9.86% | +9.22% | +8.95% | +8.44% | +7.81% | +8.48% | +8.29% | +8.47% | +8.26% |
| Effective tax rate | +14.43% | +15.16% | +15.18% | +12.51% | +18.82% | +15.14% | +15.58% | +15.48% | +15.56% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +10.95% | +12.10% | +13.18% | +11.44% | +11.70% | +12.10% | +12.62% | +12.03% | +11.78% |
| Return on assets (ROA) | +4.71% | +5.28% | +5.46% | +4.89% | +5.08% | +5.12% | +5.18% | +5.21% | +5.05% |
| Return on capital (ROC) | +7.88% | +7.99% | +9.37% | +7.66% | +10.27% | +9.17% | +9.13% | +8.83% | +9.36% |
| Return on invested capital (ROIC) | +6.80% | +7.79% | +8.19% | +7.38% | +7.58% | +7.69% | +8.07% | +7.65% | +7.53% |
| Asset turnover | +78.23% | +78.98% | +81.18% | +81.38% | +81.63% | +83.40% | +79.54% | +82.67% | +82.31% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +6.02% | +6.69% | +6.73% | +6.01% | +6.22% | +6.14% | +6.51% | +6.30% | +6.14% |
| Asset turnover (× revenue / assets) | +78.23% | +78.98% | +81.18% | +81.38% | +81.63% | +83.40% | +79.54% | +82.67% | +82.31% |
| Equity multiplier (× assets / equity) | +232.24% | +229.06% | +241.25% | +233.73% | +230.21% | +236.35% | +243.91% | +231.12% | +233.32% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.78 | 0.79 | 0.81 | 0.81 | 0.82 | 0.83 | 0.80 | 0.83 | 0.82 |
| Fixed-asset turnover | 4.25 | 4.45 | 4.80 | 4.74 | 4.97 | — | — | — | — |
| Inventory turnover | 2.97 | 2.87 | 2.77 | 2.75 | 2.87 | — | — | — | — |
| Receivables turnover | 14.78 | 15.05 | 15.76 | 14.44 | 17.98 | — | — | — | — |
| Payables turnover | 13.10 | 10.02 | 10.59 | 11.88 | 10.38 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 24.70 | 24.25 | 23.15 | 25.28 | 20.30 | — | — | — | — |
| Days inventory outstanding (DIO) | 122.93 | 127.05 | 131.85 | 132.67 | 126.98 | — | — | — | — |
| Days payables outstanding (DPO) | 27.86 | 36.43 | 34.46 | 30.73 | 35.17 | — | — | — | — |
| Cash conversion cycle | 119.77 | 114.86 | 120.54 | 127.22 | 112.10 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.03 | 1.86 | 1.37 | 1.54 | 1.38 | 1.47 | 1.43 | 1.42 | 1.51 |
| FCF / Net income | 0.60 | 1.42 | 0.94 | 1.05 | 0.96 | 1.01 | 0.96 | 0.98 | 0.99 |
| FCF margin | +3.64% | +9.50% | +6.31% | +6.31% | +5.97% | +6.20% | +6.28% | +6.17% | +6.07% |
| OCF margin | +6.20% | +12.42% | +9.25% | +9.24% | +8.57% | +9.02% | +9.28% | +8.96% | +9.24% |
| CapEx / Revenue | +2.56% | +2.91% | +2.94% | +2.93% | +2.59% | +2.79% | +2.74% | +2.80% | +2.85% |
| CapEx / D&A | 0.84 | 1.00 | 1.02 | 1.03 | 0.98 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 3.30 | 4.01 | 4.56 | 4.33 | 5.11 | 6.51 | 7.32 | 8.11 | 8.33 |
| EPS · basic | 3.33 | 4.05 | 4.62 | 4.38 | 5.11 | 6.58 | 7.46 | 8.25 | 8.35 |
| Book value / share | 31.42 | 33.09 | 34.63 | 37.85 | 43.69 | 44.11 | 45.93 | 48.77 | 50.34 |
| Tangible BV / share | 19.49 | 20.32 | 21.28 | 23.93 | 28.94 | 44.11 | 45.93 | 48.77 | 50.34 |
| Sales / share | 57.09 | 59.86 | 67.81 | 72.00 | 82.10 | 86.94 | 89.11 | 93.18 | 96.67 |
| Operating CF / share | 3.54 | 7.43 | 6.27 | 6.65 | 7.03 | 7.84 | 8.27 | 8.35 | 8.93 |
| Free cash flow / share | 2.08 | 5.69 | 4.28 | 4.54 | 4.90 | 5.39 | 5.59 | 5.75 | 5.87 |
| Dividends / share | 0.08 | 0.08 | 0.08 | 0.08 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 |
| Payout ratio | +2.41% | +2.09% | +1.74% | +1.94% | +2.06% | +1.97% | +1.88% | +1.90% | +1.96% |
| Retention ratio | +97.59% | +97.91% | +98.26% | +98.06% | +97.94% | +98.03% | +98.12% | +98.10% | +98.04% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +3.93% | +6.33% | +0.14% | +8.01% | +5.50% | +3.54% | +3.05% | +3.78% | +4.26% |
| Gross profit · YoY | — | +28.06% | +6.67% | -12.15% | 0.00% | +13.60% | +8.64% | +3.50% | -0.87% | +5.37% |
| Profit | ||||||||||
| Operating income · YoY | — | +2.20% | +19.25% | -18.80% | +46.08% | -8.46% | +4.00% | +1.89% | +8.74% | +5.42% |
| EBITDA · YoY | — | +8.19% | +2.57% | -8.79% | +15.75% | +3.87% | +2.43% | +3.60% | +5.39% | +3.93% |
| Net income · YoY | — | +15.42% | +6.97% | -10.53% | +11.77% | +4.04% | +9.78% | -0.26% | +1.09% | +4.50% |
| Operating | ||||||||||
| EBIT · YoY | — | +10.64% | +3.65% | -10.65% | +19.71% | -0.05% | +4.33% | +7.34% | -0.10% | +4.03% |
| R&D · YoY | — | -2.91% | -5.16% | -13.86% | +6.11% | +12.42% | +6.47% | +2.62% | +4.07% | +0.92% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +21.52% | +13.72% | -5.04% | +18.01% | +27.48% | +12.42% | +10.72% | +2.73% | +12.27% |
| EPS · basic · YoY | — | +21.62% | +14.07% | -5.19% | +16.67% | +28.78% | +13.43% | +10.55% | +1.23% | +12.18% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $4.15B | $3.94B | $4.26B | $3.96B | $4.28B | $4.54B | $4.7B | $5B | $5.07B |
| Net debt | $2.03B | $1.9B | $2.07B | $2.52B | $2.26B | $2.51B | $2.51B | $2.82B | $2.79B |
| Net debt / EBITDA | 1.45 | 1.25 | 1.33 | 1.77 | 1.37 | 1.47 | 1.43 | 1.55 | 1.46 |
| Debt / equity | 0.61 | 0.55 | 0.61 | 0.55 | 0.54 | 0.57 | 0.56 | 0.57 | 0.56 |
| Debt / assets | +26.21% | +24.16% | +25.24% | +23.51% | +23.62% | +24.26% | +23.12% | +24.83% | +24.16% |
| Equity / assets | +43.06% | +43.66% | +41.45% | +42.78% | +43.44% | +42.31% | +41.00% | +43.27% | +42.86% |
| Coverage | |||||||||
| EBITDA / interest expense | 9.89 | 14.21 | 20.25 | 14.66 | 16.97 | 17.30 | 17.27 | 16.51 | 17.10 |
| Operating income / interest | 6.08 | 8.25 | 13.68 | 8.81 | 12.88 | 11.57 | 11.72 | 11.03 | 11.78 |
| Interest expense | $142M | $107M | $77M | $97M | $97M | $98.82M | $101.42M | $109.89M | $111.81M |
| Liquidity | |||||||||
| Current ratio | 2.37 | 2.04 | 1.79 | 1.63 | 1.84 | — | — | — | — |
| Quick ratio | 0.94 | 0.79 | 0.70 | 0.54 | 0.65 | — | — | — | — |
| Cash ratio | 0.68 | 0.55 | 0.50 | 0.33 | 0.47 | — | — | — | — |
| Working capital | $4.31B | $3.8B | $3.44B | $2.75B | $3.65B | — | — | — | — |
| Working capital / revenue | +34.77% | +29.55% | +25.16% | +20.10% | +24.63% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).