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Financial ratios & Valuation

Forward Multiples (2025 – 2028)

20252025202620272028
Price/Earnings ratio
12.5413.2511.539.538.60
Price/Sales ratio
1.141.131.111.061.00
Earnings per Share (EPS)
$6.35$6.01$6.91$8.36$9.27

Historical Multiples (2012 – 2023)

2012 2013 2016 2016 2017 2018 2020 2022 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
13.2120.7316.5213.6448.209.3412.6923.1917.4917.4316.389.34
Price/Sales ratio
0.630.850.850.951.040.810.751.391.171.171.020.81
Price/Book Value ratio
2.602.352.322.352.622.191.872.532.112.292.072.19
Price/Cash Flow ratio
8.3912.7010.5313.2815.1010.2910.1810.8110.1112.6812.9212.92
Price/Free Cash Flow ratio
17.4027.9817.0924.2126.5615.4315.2814.1313.2618.5819.6419.64
Price/Earnings Growth ratio
0.08-1.120.940.34-0.710.02-0.450.150.801.26-0.17-0.71
Dividend Yield
0.21%0.21%0.19%0.16%0.14%0.17%0.17%0.10%0.11%0.09%0.10%0.17%
Profitability Indicator Ratios
Gross Profit Margin
18.12%16.30%18.20%17.96%16.92%17.01%16.31%16.83%16.07%16.64%16.05%17.01%
Operating Profit Margin
8.60%6.99%8.49%8.50%7.50%7.89%8.69%8.26%8.72%7.69%-12.59%7.89%
Pretax Profit Margin
6.87%5.56%7.23%6.35%5.36%9.90%6.91%7.05%7.89%7.94%7.45%5.36%
Net Profit Margin
4.81%4.11%5.19%6.97%2.16%8.74%5.97%6.02%6.69%6.73%6.30%2.16%
Effective Tax Rate
30.91%26.11%28.11%-3.76%-59.84%-11.70%13.48%14.43%15.15%15.17%15.25%-59.84%
Return on Assets
4.51%3.84%4.73%6.26%2.00%8.56%5.42%4.71%5.28%5.46%5.35%2.00%
Return On Equity
19.69%11.35%14.04%17.25%5.43%23.53%14.76%10.94%12.10%13.18%12.71%5.43%
Return on Capital Employed
11.05%8.52%10.44%10.23%9.12%10.25%10.60%8.06%8.89%8.43%-14.56%10.25%
Liquidity Ratios
Current Ratio
2.111.87N/A2.091.961.92N/AN/AN/AN/A1.831.92
Quick Ratio
1.200.710.610.660.780.790.771.201.041.020.820.78
Cash ratio
0.400.380.240.290.290.280.300.610.530.490.300.29
Days of Sales Outstanding
84.0829.5228.4728.1635.0326.7524.6624.7024.2536.8323.1826.75
Days of Inventory outstanding
98.80106.75137.76144.05128.42120.19130.21122.93119.97125.26137.14128.42
Operating Cycle
182.88136.27166.23172.21163.46146.94154.87147.63144.22162.10160.32160.32
Days of Payables Outstanding
37.1939.8835.3341.0737.2834.5944.0927.8634.4032.7334.1134.59
Cash Conversion Cycle
145.6896.39130.89131.13126.17112.34110.77119.77109.82129.36126.21126.17
Debt Ratios
Debt Ratio
0.770.140.180.180.200.210.200.200.190.220.210.20
Debt Equity Ratio
3.350.440.540.490.540.590.550.460.440.550.510.59
Long-term Debt to Capitalization
0.530.300.320.300.350.350.310.310.300.330.310.35
Total Debt to Capitalization
0.570.300.350.330.350.370.350.310.300.350.340.37
Interest Coverage Ratio
3.964.89N/A6.745.378.87N/AN/AN/AN/A-20.718.87
Cash Flow to Debt Ratio
0.230.420.400.350.310.360.320.500.460.320.310.36
Company Equity Multiplier
4.352.952.962.752.712.742.722.322.292.412.362.74
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.070.060.080.070.060.070.070.120.110.090.070.06
Free Cash Flow / Operating Cash Flow Ratio
0.480.450.610.540.560.660.660.760.760.680.650.56
Cash Flow Coverage Ratio
0.230.420.400.350.310.360.320.500.460.320.310.36
Short Term Coverage Ratio
1.73101.624.172.72704.291.81266.5212.853.543.124.29
Dividend Payout Ratio
2.88%4.41%3.15%2.28%6.84%1.63%2.20%2.41%1.97%1.73%1.36%1.63%