TEXTRON INC（TXT）の決算・業績分析
TEXTRON INCの2025年有価証券報告書をAI分析。売上高$14.8B(+8.0%)。Industrials。
目次
TEXTRON INCの2025年度 業績サマリー
TEXTRON INC（証券コード: TXT）の2025年度決算・業績分析。売上高は$14.8B（前年比+8.0%）。純利益は$921M（前年比+11.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
TEXTRON INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Textron Inc. achieved a 3.9% YoY revenue increase to $12.9B (XBRL), driven by aircraft sales and aftermarket services.
- Net income rose 15.4% YoY to $861M (XBRL), with a net margin of 6.7% and ROE of 12.6% (XBRL).
- Free cash flow reached $1.0B (XBRL), while share repurchases totaled $867M (XBRL), reflecting strong capital returns.
- The company's 5-year revenue CAGR is -0.4% (XBRL), indicating long-term stagnation despite FY2024 growth.
- 25% of revenue comes from U.S. Government contracts (10-K), exposing the company to defense spending volatility.
TEXTRON INCの売上高変化の要因
- •Revenue grew 3.9% YoY to $12.9B (XBRL), reversing a 5-year CAGR of -0.4% (XBRL). Historical data shows a decline from $14.0B in FY2020 to $12.4B in FY2023, followed by a rebound in FY2024. The increase is attributed to stronger aircraft sales and aftermarket services, though long-term growth remains challenged by cyclical demand (10-K).
TEXTRON INCの営業利益変化の要因
- •Operating margin improved to 7.9% (XBRL), with net margin at 6.7% (XBRL). Net income rose 15.4% YoY to $861M (XBRL), driven by cost efficiency and higher EBITDA of $1.4B (11.0% margin, XBRL). Operating income reached $1.0B (XBRL), though gross profit data is unavailable (N/A).
TEXTRON INCの事業リスクと対応
Cyclical demand for aircraft products exposes financial results to market volatility (10-K).
25% revenue reliance on U.S. Government contracts creates vulnerability to defense spending shifts (10-K).
U.S. Government contract termination risks could cause revenue loss and liability (10-K).
Funding delays for defense programs may impact cash flow due to congressional appropriations (10-K).
Fee-for-service contracts with the U.S. Government carry risk of loss on aircraft/equipment (10-K).
TEXTRON INCの事業内容
Textron Inc. operates through six segments, generating revenue from manufacturing and selling aircraft (e.g., general aviation, military trainers), defense products, industrial equipment, and providing financial services. Key products include business jets, helicopters, and electric aviation solutions, supported by aftermarket parts/services and captive finance (10-K). Competitive advantages include innovative technologies (e.g., Garmin Emergency Autoland) and global service networks (10-K). The company serves corporate aviation, military/government entities, and training schools, with no significant customer concentration (10-K).
TEXTRON INCのAI業績分析レポート（2024年度）
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Textron Inc. (TXT) Annual Report Analysis FY2024
Highlights
Business Overview
Textron Inc. operates through six segments, including Textron Aviation (general aviation aircraft), Bell (military/commercial helicopters), and Textron eAviation (electric aviation). Revenue is generated via aircraft sales, aftermarket services, and captive finance (10-K). Competitive advantages include innovative products (e.g., Citation Ascend) and global service networks (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Revenue increased 3.9% YoY to $12.9B (XBRL), reversing a 5-year CAGR of -0.4% (XBRL). Historical data shows a decline from $14.0B in FY2020 to $12.4B in FY2023, followed by a rebound in FY2024. Growth drivers include aircraft sales and aftermarket services, though long-term stagnation persists (10-K).
Profitability Analysis
Operating margin improved to 7.9% (XBRL), with net margin at 6.7% (XBRL). Net income rose 15.4% YoY to $861M (XBRL), driven by cost efficiency and higher EBITDA of $1.4B (11.0% margin, XBRL). Operating income reached $1.0B (XBRL), though gross profit data is unavailable (N/A).
Balance Sheet Analysis
Equity ratio is 40.4% (XBRL), with total assets increasing from $15.0B in FY2020 to $16.9B in FY2024 (XBRL). Total equity grew from $5.6B to $6.8B (XBRL). Debt-to-equity ratio is 1.45x (XBRL), indicating moderate leverage.
Cash Flow Analysis
Operating cash flow totaled $1.5B (XBRL), with free cash flow of $1.0B (XBRL). Investing cash flow was -$447M (XBRL), reflecting capital expenditures. Financing cash flow was -$1.1B (XBRL), driven by $867M in share repurchases (XBRL) and $17M in dividends (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 14.0B | 13.6B | 11.7B | 12.4B | 12.9B | 13.7B |
| Operating Income | N/A | N/A | N/A | N/A | 1.0B | N/A |
| Net Income | 1.2B | 815M | 309M | 746M | 861M | 921M |
| Total Assets | 15.0B | 15.4B | 15.8B | 16.3B | 16.9B | 16.8B |
| Total Equity | 5.6B | 5.2B | 5.5B | 5.8B | 6.8B | 7.1B |
| Operating Cash Flow | 1.1B | 1.0B | 768M | 1.6B | 1.5B | 1.3B |
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