Textron Inc (TXT)
Return on equity (ROE)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 921,000 | 949,000 | 905,000 | 859,000 | 861,000 | 842,000 | 802,000 | 768,000 | 746,000 | 775,000 | 705,000 | 430,000 | 309,000 | 272,000 | 377,000 | 686,000 | 815,000 | 862,000 | 1,205,000 | 1,212,000 |
| Total stockholders’ equity | US$ in thousands | 6,987,000 | 7,067,000 | 7,034,000 | 7,008,000 | 7,113,000 | 6,762,000 | 6,801,000 | 6,917,000 | 6,815,000 | 6,037,000 | 6,101,000 | 5,996,000 | 5,845,000 | 5,741,000 | 5,527,000 | 5,534,000 | 5,518,000 | 5,452,000 | 5,336,000 | 5,233,000 |
| ROE | 13.18% | 13.43% | 12.87% | 12.26% | 12.10% | 12.45% | 11.79% | 11.10% | 10.95% | 12.84% | 11.56% | 7.17% | 5.29% | 4.74% | 6.82% | 12.40% | 14.77% | 15.81% | 22.58% | 23.16% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $921,000K ÷ $6,987,000K
= 13.18%
Textron Inc's return on equity (ROE) fluctuated over the past few quarters. On Dec 31, 2023, the ROE was 13.18%, indicating a reasonable return on shareholders' equity. The ROE remained relatively stable in the high 12% range for the most recent quarters, showing consistent profitability. However, there was a noticeable drop in ROE during the first half of 2021, with figures as low as 7.17% and 5.29% in Mar 31, 2021, and Dec 31, 2020, respectively.
Overall, Textron Inc's ROE has shown some volatility but has generally trended positively in recent quarters, rebounding from the lower levels seen in early 2021. It is important to continue monitoring ROE along with other financial metrics to assess the company's ongoing financial performance and efficiency in generating returns for its shareholders.
Peer comparison
Dec 31, 2023