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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and Textron (TXT). Click either name above to swap in a different company.

Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $3.7B, roughly 2.2× Textron). Athene Holding Ltd. runs the higher net margin — 6.4% vs 6.0%, a 0.5% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 11.8%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 3.8%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

Textron Inc. is an American industrial conglomerate based in Providence, Rhode Island. Textron's subsidiaries include Bell Textron, Kautex, Textron Aviation, and Lycoming Engines. It was founded by Royal Little in 1923 as the Special Yarns Company. In 2020, Textron employed over 33,000 people in 25 countries. The company ranked 265th on the 2021 Fortune 500 of the largest United States corporations by revenue.

ATHS vs TXT — Head-to-Head

Bigger by revenue
ATHS
ATHS
2.2× larger
ATHS
$8.1B
$3.7B
TXT
Growing faster (revenue YoY)
ATHS
ATHS
+103.3% gap
ATHS
115.1%
11.8%
TXT
Higher net margin
ATHS
ATHS
0.5% more per $
ATHS
6.4%
6.0%
TXT
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
3.8%
TXT

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
ATHS
ATHS
TXT
TXT
Revenue
$8.1B
$3.7B
Net Profit
$523.0M
$220.0M
Gross Margin
Operating Margin
16.9%
Net Margin
6.4%
6.0%
Revenue YoY
115.1%
11.8%
Net Profit YoY
-48.5%
6.3%
EPS (diluted)
$1.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATHS
ATHS
TXT
TXT
Q1 26
$3.7B
Q4 25
$8.1B
$4.2B
Q3 25
$8.0B
$3.6B
Q2 25
$5.4B
$3.7B
Q1 25
$4.2B
$3.3B
Q4 24
$3.8B
$3.6B
Q3 24
$6.5B
$3.4B
Q2 24
$4.7B
Net Profit
ATHS
ATHS
TXT
TXT
Q1 26
$220.0M
Q4 25
$523.0M
$235.0M
Q3 25
$1.3B
$234.0M
Q2 25
$464.0M
$245.0M
Q1 25
$465.0M
$207.0M
Q4 24
$1.0B
$141.0M
Q3 24
$625.0M
$223.0M
Q2 24
$629.0M
Operating Margin
ATHS
ATHS
TXT
TXT
Q1 26
Q4 25
16.9%
Q3 25
26.8%
Q2 25
12.2%
Q1 25
22.3%
Q4 24
30.4%
3.6%
Q3 24
25.7%
7.4%
Q2 24
22.0%
Net Margin
ATHS
ATHS
TXT
TXT
Q1 26
6.0%
Q4 25
6.4%
5.6%
Q3 25
15.7%
6.5%
Q2 25
8.7%
6.6%
Q1 25
11.1%
6.3%
Q4 24
26.8%
3.9%
Q3 24
9.6%
6.5%
Q2 24
13.5%
EPS (diluted)
ATHS
ATHS
TXT
TXT
Q1 26
$1.25
Q4 25
Q3 25
Q2 25
Q1 25
$1.13
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHS
ATHS
TXT
TXT
Cash + ST InvestmentsLiquidity on hand
$1.5B
Total DebtLower is stronger
$7.8B
$3.5B
Stockholders' EquityBook value
$20.5B
$8.0B
Total Assets
$442.2B
$18.1B
Debt / EquityLower = less leverage
0.38×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHS
ATHS
TXT
TXT
Q1 26
$1.5B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
ATHS
ATHS
TXT
TXT
Q1 26
$3.5B
Q4 25
$7.8B
Q3 25
$7.9B
Q2 25
$7.9B
Q1 25
$6.3B
Q4 24
$6.3B
Q3 24
$5.7B
Q2 24
$5.7B
Stockholders' Equity
ATHS
ATHS
TXT
TXT
Q1 26
$8.0B
Q4 25
$20.5B
Q3 25
$20.4B
$7.5B
Q2 25
$18.1B
$7.4B
Q1 25
$17.5B
$7.3B
Q4 24
$16.4B
$7.2B
Q3 24
$17.4B
$7.0B
Q2 24
$15.0B
Total Assets
ATHS
ATHS
TXT
TXT
Q1 26
$18.1B
Q4 25
$442.2B
Q3 25
$429.9B
$17.4B
Q2 25
$405.3B
$17.1B
Q1 25
$381.5B
$16.9B
Q4 24
$363.3B
$16.8B
Q3 24
$355.0B
$16.5B
Q2 24
$332.6B
Debt / Equity
ATHS
ATHS
TXT
TXT
Q1 26
0.43×
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.43×
Q1 25
0.36×
Q4 24
0.39×
Q3 24
0.33×
Q2 24
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHS
ATHS
TXT
TXT
Operating Cash FlowLast quarter
$3.0B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
5.82×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
TXT
TXT
Q1 26
Q4 25
$3.0B
$700.0M
Q3 25
$636.0M
$349.0M
Q2 25
$1.1B
$387.0M
Q1 25
$426.0M
$-124.0M
Q4 24
$386.0M
$446.0M
Q3 24
$780.0M
$208.0M
Q2 24
$525.0M
Free Cash Flow
ATHS
ATHS
TXT
TXT
Q1 26
Q4 25
$527.0M
Q3 25
$273.0M
Q2 25
$309.0M
Q1 25
$-180.0M
Q4 24
$293.0M
Q3 24
$137.0M
Q2 24
FCF Margin
ATHS
ATHS
TXT
TXT
Q1 26
Q4 25
12.6%
Q3 25
7.6%
Q2 25
8.3%
Q1 25
-5.4%
Q4 24
8.1%
Q3 24
4.0%
Q2 24
Capex Intensity
ATHS
ATHS
TXT
TXT
Q1 26
3.6%
Q4 25
4.1%
Q3 25
2.1%
Q2 25
2.1%
Q1 25
1.7%
Q4 24
4.2%
Q3 24
2.1%
Q2 24
Cash Conversion
ATHS
ATHS
TXT
TXT
Q1 26
Q4 25
5.82×
2.98×
Q3 25
0.51×
1.49×
Q2 25
2.28×
1.58×
Q1 25
0.92×
-0.60×
Q4 24
0.38×
3.16×
Q3 24
1.25×
0.93×
Q2 24
0.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATHS
ATHS

Segment breakdown not available.

TXT
TXT

Textron Aviation (a)$1.5B40%
Bell$1.1B29%
Industrial$786.0M21%
Textron Systems (a)$338.0M9%
FINANCE$16.0M0%

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