Quarterly and Full-Year Revenue Growth
Q4 revenues of $4.2B, up 16% year-over-year; full-year revenues of $14.8B, up 8% year-over-year, the highest annual revenue in company history at $14.8B.
Strong Segment Profit and EPS Improvement
Q4 segment profit of $380M, up 34% versus prior-year Q4; full-year segment profit of $1.4B, up 14% year-over-year. Adjusted EPS of $1.73 in Q4 (vs. $1.34 prior-year Q4) and adjusted full-year EPS of $6.10 (vs. $5.48 in 2024).
Textron Aviation Outperformance
Textron Aviation Q4 revenues $1.7B, up 36% ($467M) driven by higher aircraft revenues (+$400M) and aftermarket (+$67M); Q4 segment profit $208M, up $108M. Full-year aviation revenue $6.0B, up 13% with segment profit $694M, up 23%. Backlog ended at $7.7B. Deliveries: 171 jets (vs. 151) and 146 commercial turboprops (vs. 127). Aftermarket revenue grew ~6% in 2025.
Bell Revenue and Delivery Momentum
Bell Q4 revenues $1.3B, up 11% and full-year revenues $4.3B, up 20% year-over-year. Commercial helicopter deliveries rose to 169 in 2025 (from 102 in 2024). Backlog grew to $7.8B, increasing over $300M year-over-year.
MV-75 Program Acceleration and Manufacturing Buildout
Significant MV-75 progress: over 90% of engineering drawings complete, nearly 2,000 tier-1/tier-2 suppliers contracted, ~45,000 purchase orders issued, new manufacturing capacity opened (Wichita fuselage, Fort Worth centers), and components begun for the first six aircraft — production pulled forward by ~2+ years.
Textron Systems Growth and Contract Wins
Q4 Systems revenues $323M, up 4% with segment profit $43M. Full-year systems backlog expanded to $3.3B (+$700M year-over-year). Notable wins: Ship to Shore Connector scaling (≈15 of 73 units) and over $450M in awards; ATAC IDIQ valued at $200M.
Improved Cash Generation and Share Repurchases
Manufacturing cash flow before pension contributions of $510M in Q4 (up $204M year-over-year) and $969M for the full year (up $277M). Repurchased ~2.3M shares ($107M) in Q4 and ~10.7M shares ($822M) for the full year.
2026 Guidance Reflects Continued Growth
Company guidance for 2026: revenues ~ $15.5B (up ~4.5% vs. 2025), adjusted EPS $6.40–$6.60, manufacturing cash flow before pension $700M–$800M. Segment-level guidance: Textron Aviation revenue ~ $6.5B (+~9%), Bell ~ $4.4B (low single-digit growth), Systems ~ $1.35B (+~7%).