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Side-by-side financial comparison of Nasdaq, Inc. (NDAQ) and Textron (TXT). Click either name above to swap in a different company.

Textron is the larger business by last-quarter revenue ($3.7B vs $2.1B, roughly 1.7× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs 6.0%, a 18.3% gap on every dollar of revenue. On growth, Textron posted the faster year-over-year revenue change (11.8% vs 2.0%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 3.8%).

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

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.

NDAQ vs TXT — Head-to-Head

Bigger by revenue
TXT
TXT
1.7× larger
TXT
$3.7B
$2.1B
NDAQ
Growing faster (revenue YoY)
TXT
TXT
+9.8% gap
TXT
11.8%
2.0%
NDAQ
Higher net margin
NDAQ
NDAQ
18.3% more per $
NDAQ
24.3%
6.0%
TXT
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
3.8%
TXT

Income Statement — Q1 FY2026 vs Q1 FY2027

Metric
NDAQ
NDAQ
TXT
TXT
Revenue
$2.1B
$3.7B
Net Profit
$519.0M
$220.0M
Gross Margin
Operating Margin
30.7%
Net Margin
24.3%
6.0%
Revenue YoY
2.0%
11.8%
Net Profit YoY
31.4%
6.3%
EPS (diluted)
$0.91
$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
NDAQ
NDAQ
TXT
TXT
Q1 26
$2.1B
$3.7B
Q4 25
$2.1B
$4.2B
Q3 25
$2.0B
$3.6B
Q2 25
$2.1B
$3.7B
Q1 25
$2.1B
$3.3B
Q4 24
$2.0B
$3.6B
Q3 24
$1.9B
$3.4B
Q2 24
$1.8B
Net Profit
NDAQ
NDAQ
TXT
TXT
Q1 26
$519.0M
$220.0M
Q4 25
$518.0M
$235.0M
Q3 25
$423.0M
$234.0M
Q2 25
$452.0M
$245.0M
Q1 25
$395.0M
$207.0M
Q4 24
$355.0M
$141.0M
Q3 24
$306.0M
$223.0M
Q2 24
$222.0M
Gross Margin
NDAQ
NDAQ
TXT
TXT
Q1 26
Q4 25
65.5%
Q3 25
67.2%
Q2 25
62.5%
Q1 25
59.2%
Q4 24
60.4%
Q3 24
60.3%
Q2 24
64.7%
Operating Margin
NDAQ
NDAQ
TXT
TXT
Q1 26
30.7%
Q4 25
29.7%
Q3 25
29.9%
Q2 25
27.2%
Q1 25
26.2%
Q4 24
25.4%
3.6%
Q3 24
23.6%
7.4%
Q2 24
23.6%
Net Margin
NDAQ
NDAQ
TXT
TXT
Q1 26
24.3%
6.0%
Q4 25
24.4%
5.6%
Q3 25
21.6%
6.5%
Q2 25
21.6%
6.6%
Q1 25
18.9%
6.3%
Q4 24
17.5%
3.9%
Q3 24
16.1%
6.5%
Q2 24
12.4%
EPS (diluted)
NDAQ
NDAQ
TXT
TXT
Q1 26
$0.91
$1.25
Q4 25
$0.90
Q3 25
$0.73
Q2 25
$0.78
Q1 25
$0.68
$1.13
Q4 24
$0.62
Q3 24
$0.53
Q2 24
$0.38

Balance Sheet & Financial Strength

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

Metric
NDAQ
NDAQ
TXT
TXT
Cash + ST InvestmentsLiquidity on hand
$515.0M
$1.5B
Total DebtLower is stronger
$9.0B
$3.5B
Stockholders' EquityBook value
$12.0B
$8.0B
Total Assets
$27.3B
$18.1B
Debt / EquityLower = less leverage
0.74×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NDAQ
NDAQ
TXT
TXT
Q1 26
$515.0M
$1.5B
Q4 25
$604.0M
Q3 25
$470.0M
Q2 25
$732.0M
Q1 25
$690.0M
Q4 24
$592.0M
Q3 24
$266.0M
Q2 24
$416.0M
Total Debt
NDAQ
NDAQ
TXT
TXT
Q1 26
$9.0B
$3.5B
Q4 25
$8.6B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.9B
Q4 24
$9.1B
Q3 24
$9.4B
Q2 24
$9.2B
Stockholders' Equity
NDAQ
NDAQ
TXT
TXT
Q1 26
$12.0B
$8.0B
Q4 25
$12.2B
Q3 25
$12.0B
$7.5B
Q2 25
$11.8B
$7.4B
Q1 25
$11.5B
$7.3B
Q4 24
$11.2B
$7.2B
Q3 24
$11.1B
$7.0B
Q2 24
$10.9B
Total Assets
NDAQ
NDAQ
TXT
TXT
Q1 26
$27.3B
$18.1B
Q4 25
$31.1B
Q3 25
$30.7B
$17.4B
Q2 25
$30.4B
$17.1B
Q1 25
$30.6B
$16.9B
Q4 24
$30.4B
$16.8B
Q3 24
$30.6B
$16.5B
Q2 24
$30.2B
Debt / Equity
NDAQ
NDAQ
TXT
TXT
Q1 26
0.74×
0.43×
Q4 25
0.70×
Q3 25
0.72×
Q2 25
0.73×
Q1 25
0.77×
Q4 24
0.81×
Q3 24
0.85×
Q2 24
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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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