Textron reported $19.0B of remaining performance obligations at 3 Oct 2026, down 1% from a year earlier and up 1% from the previous quarter. That is 1.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.
Net new backlog added in the latest quarter: $100M.
Over the last twelve months it turned about 81% of its opening backlog into revenue (12-month conversion).
The company reports 62% of the backlog due within the first 15 months.
Customer prepayments (contract liabilities) cover 11.6% of the backlog.
Twelve-month book-to-bill: 0.99, i.e. 0.99 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -9 points — revenue is catching up with orders.
By backlog size it ranks 50th among US filers the cockpit tracks.
Textron backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
3 Oct 2026
$19.0B
$15.4B
1.2 yrs
$2.20B
4 Jul 2026
$18.9B
$15.3B
1.2 yrs
$2.20B
4 Apr 2026
$19.2B
$15.2B
1.3 yrs
$2.10B
3 Jan 2026
$18.8B
$14.8B
1.3 yrs
$2.10B
27 Sep 2025
$19.1B
$14.2B
1.3 yrs
$2.00B
28 Jun 2025
$16.9B
$14.1B
1.2 yrs
$1.90B
29 Mar 2025
$17.2B
$13.9B
1.2 yrs
$1.90B
28 Dec 2024
$17.9B
$13.7B
1.3 yrs
$1.90B
28 Sep 2024
$16.0B
$14.0B
1.1 yrs
$1.80B
29 Jun 2024
$13.4B
$13.9B
1.0 yrs
$1.90B
30 Mar 2024
$13.7B
$13.8B
1.0 yrs
$1.90B
30 Dec 2023
$13.9B
$13.7B
1.0 yrs
$1.80B
Questions
What is Textron's backlog?
Textron reported $19.0B of remaining performance obligations at 3 Oct 2026, down 1% from a year earlier and up 1% from the previous quarter. That is 1.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.
How fast does Textron's backlog turn into revenue?
Over the last twelve months Textron recognised revenue equal to about 81% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.