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Textron TXT Gross margin

Discontinued — last reported Q3 '21

Gross margin at other companies

Boeing logo
BoeingBA
4.8%+3.7pp
Lockheed Martin logo
Lockheed MartinLMT
9.8%-0.3pp
TransDigm Group logo
TransDigm GroupTDG
59.6%+0.1pp
Honeywell International logo
Honeywell InternationalHON
30.8%-1.3pp
Barnes Group logo
Barnes GroupB
30.6%-1.5pp
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
42.7%-8.5pp

Other financials

Income statement

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Revenue$3.7B+11.8%
Net income$220.0M+6.3%
EPS (diluted)$1.25+10.6%

Balance sheet

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Cash & equivalents$1.6B+29.3%
Total debt$437.0M-6.2%
Total equity$8.0B+10.0%
Total assets$18.1B+7.1%

Cash flow

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Operating cash flow-$117.0M+5.7%
CapEx$133.0M+138%
Free cash flow-$250.0M-38.9%

Valuation

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Market cap$16.12B+36.2%
Enterprise value$14.94B+35.3%
P/E17.3×+3.0×
P/S1.1×+0.2×

Profitability

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Net margin6.1%+0.2pp

Returns & leverage

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Return on equity12.2%+0.5pp
Debt / equity0.1×0.0×

Where this comes from

Calculated from Textron’s reported figures.

Based on trailing twelve months.

The official record: Textron’s 10-Q, filed October 27, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Textron's gross margin?
Textron (TXT) reported gross margin of 16.2% in Q3 2021.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.