Textron (TXT) FY2026 10-K Annual Report
Textron (TXT) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Feb 11, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Textron FY2026 10-K Analysis
Business Overview
- • Core business: Multi-industry manufacturing and finance with global aircraft, defense, industrial businesses
- • New: Elimination of Textron eAviation as separate segment, realigned its activities into other segments starting fiscal 2026
- • Strategic shift: Segment reporting restructuring effective January 4, 2026, consolidating eAviation into broader segments
- • Quantitative metric: Total revenues $14.8B for 2025 across all segments and customer types
- • Noteworthy fact: First 10-K reflecting realigned segment structure, with new reporting to start Q1 2026
Management Discussion & Analysis
- • Revenue $14.7B, up 7% YoY driven by Textron Aviation +$671M (13%), Bell +$703M (20%), and Textron Systems flat; Industrial down 9%
- • Operating margins: Textron Aviation 11.7% vs 10.7%, Bell 8.5% vs 10.3%, Textron Systems 14.0% vs 12.4%, Industrial 4.5% vs 4.3%
- • Best segment: Textron Aviation profit +23% to $694M; Worst: Bell profit down 2% to $363M with margin decline of 180 bps
- • Manufacturing cash flow from operations $1.3B vs $1.0B; capital expenditures $383M; share repurchases $822M; dividends paid $18M
- • Outlook notes MV-75 program LRIP expected late 2026/early 2027; $60M–$110M unfavorable adjustment anticipated; overall positive margin expected
Risk Factors
- • Cybersecurity risk governed by Audit Committee oversight via Enterprise Risk Management process integrating DoW information security compliance
- • Insider threat detection critical in defense segments, with specific evaluation and mitigation processes to prevent internal security breaches
- • Third-party service providers subjected to formal IT risk assessment, SOC1 report reviews, and ongoing monitoring for contractual security compliance
- • Dependence on collaboration with Aerospace Industries Association and Defense Industrial Base partners to address evolving cyber threats
- • Key-person risk in cybersecurity leadership with CIO and CISO holding decades of experience managing Textron’s information security strategy
Textron FY2026 Key Financial MetricsXBRL
Source: XBRL data from Textron FY2026 10-K filing on SEC EDGAR. All figures in USD.
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