NYSE : TDG
TransDigm Group Incorporated — Financial statements
Industrials · Aerospace & Defense · United States
Last price 1146.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 63.39B
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Financial statements
TransDigm Group Incorporated (TDG) reported revenue of 10.01B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.01B | 8.83B | 7.94B | 6.58B | 5.43B | 4.80B |
| Cost of Revenue | 4.02B | 3.51B | 3.25B | 2.74B | 2.33B | 2.29B |
| Gross Profit | 5.99B | 5.32B | 4.69B | 3.84B | 3.10B | 2.51B |
| Selling, General & Admin | 1.07B | 921.00M | 934.00M | 780.00M | 744.00M | 671.00M |
| Amortization of Goodwill & Intangibles | 238.00M | 201.00M | 161.00M | 139.00M | 136.00M | 137.00M |
| Operating Expenses | 1.31B | 1.12B | 1.09B | 919.00M | 880.00M | 808.00M |
| Operating Income | 4.67B | 4.20B | 3.60B | 2.92B | 2.22B | 1.71B |
| Interest Expense | -1.89B | -1.57B | -1.29B | -1.16B | -1.08B | -1.06B |
| Other Non Operating Income (Expenses) | 23.00M | 37.00M | 17.00M | 13.00M | -44.00M | 13.00M |
| EBT Excluding Unusual Items | 2.81B | 2.66B | 2.33B | 1.77B | 1.10B | 659.00M |
| Merger & Restructuring Charges | -67.00M | -34.00M | -67.00M | |||
| Gain (Loss) on Sale of Assets | 10.00M | 10.00M | 11.00M | 7.00M | 69.00M | |
| Other Unusual Items | -11.00M | -11.00M | -58.00M | -56.00M | 21.00M | -37.00M |
| Pretax Income | 2.74B | 2.63B | 2.21B | 1.72B | 1.13B | 715.00M |
| Income Tax Expense | 608.00M | 555.00M | 500.00M | 417.00M | 261.00M | 34.00M |
| Earnings From Continuing Operations | 2.13B | 2.07B | 1.72B | 1.30B | 866.00M | 681.00M |
| Earnings From Discontinued Operations | 1.00M | |||||
| Net Income to Company | 2.13B | 2.07B | 1.72B | 1.30B | 867.00M | 681.00M |
| Minority Interest in Earnings | -1.00M | -1.00M | -1.00M | -1.00M | -1.00M | |
| Net Income | 2.13B | 2.07B | 1.71B | 1.30B | 866.00M | 680.00M |
| Preferred Dividends & Other Adjustments | 218.00M | 208.00M | 233.00M | 38.00M | 86.00M | 73.00M |
| Net Income to Common | 1.91B | 1.87B | 1.48B | 1.26B | 780.00M | 607.00M |
| Shares Outstanding (Basic) | 57.98M | 58.20M | 57.80M | 57.20M | 58.20M | 58.40M |
| Shares Outstanding (Diluted) | 57.98M | 58.20M | 57.80M | 57.20M | 58.20M | 58.40M |
| EPS (Basic) | 32.96 | 32.06 | 25.62 | 22.03 | 13.40 | 10.39 |
| EPS (Diluted) | 32.96 | 32.06 | 25.62 | 22.03 | 13.40 | 10.39 |
| Free Cash Flow | 1.93B | 1.82B | 1.88B | 1.24B | 829.00M | 808.00M |
| Free Cash Flow Per Share | 33.24 | 31.20 | 32.53 | 21.61 | 14.24 | 13.84 |
| Gross Margin | 59.82% | 60.25% | 59.11% | 58.34% | 57.08% | 52.38% |
| Operating Margin | 46.72% | 47.55% | 45.31% | 44.39% | 40.87% | 35.54% |
| Profit Margin | 19.10% | 21.13% | 18.65% | 19.13% | 14.37% | 12.65% |
| Free Cash Flow Margin | 19.26% | 20.56% | 23.68% | 18.77% | 15.27% | 16.84% |
| EBITDA | 5.09B | 4.57B | 3.91B | 3.19B | 2.47B | 1.96B |
| EBITDA Margin | 50.92% | 51.70% | 49.24% | 48.46% | 45.53% | 40.81% |
| D&A For EBITDA | 420.00M | 367.00M | 312.00M | 268.00M | 253.00M | 253.00M |
| EBIT | 4.67B | 4.20B | 3.60B | 2.92B | 2.22B | 1.71B |
| EBIT Margin | 46.72% | 47.55% | 45.31% | 44.39% | 40.87% | 35.54% |
| Effective Tax Rate | 22.21% | 21.11% | 22.57% | 24.30% | 23.16% | 4.75% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.77B | 2.81B | 6.26B | 3.47B | 3.00B | 4.79B |
| Trading Asset Securities | 7.00M | 3.00M | 54.00M | 103.00M | 77.00M | 8.00M |
| Cash & Short-Term Investments | 2.78B | 2.81B | 6.32B | 3.58B | 3.08B | 4.79B |
| Receivables | 2.16B | 1.90B | 1.65B | 1.42B | 1.09B | 861.00M |
| Inventory | 2.59B | 2.10B | 1.88B | 1.62B | 1.33B | 1.19B |
| Prepaid Expenses | 246.00M | 209.00M | 184.00M | 126.00M | 153.00M | 189.00M |
| Other Current Assets | 3.00M | |||||
| Total Current Assets | 7.77B | 7.01B | 10.03B | 6.74B | 5.65B | 7.03B |
| Property, Plant & Equipment | 1.74B | 1.64B | 1.55B | 1.32B | 892.00M | 864.00M |
| Long-Term Investments | 44.00M | 8.00M | 3.00M | 111.00M | 118.00M | |
| Goodwill | 12.17B | 10.61B | 10.42B | 8.99B | 8.64B | 8.57B |
| Other Intangible Assets | 4.72B | 3.45B | 3.45B | 2.75B | 2.75B | 2.79B |
| Long-Term Accounts Receivable | 122.00M | 94.00M | 31.00M | 1.00M | 1.00M | 2.00M |
| Other Long-Term Assets | 187.00M | 85.00M | 109.00M | 66.00M | 56.00M | 60.00M |
| Total Assets | 26.75B | 22.91B | 25.59B | 19.97B | 18.11B | 19.32B |
| Accounts Payable | 434.00M | 368.00M | 323.00M | 305.00M | 279.00M | 227.00M |
| Accrued Expenses | 1.12B | 468.00M | 468.00M | 358.00M | 363.00M | 372.00M |
| Short-Term Debt | 725.00M | 724.00M | 486.00M | 349.00M | 350.00M | 349.00M |
| Current Portion of Long-Term Debt | 139.00M | 116.00M | 92.00M | 66.00M | 74.00M | 375.00M |
| Current Portion of Leases | 23.00M | 25.00M | 21.00M | 20.00M | 22.00M | |
| Current Income Taxes Payable | 40.00M | 108.00M | 138.00M | 11.00M | ||
| Current Unearned Revenue | 155.00M | 143.00M | 168.00M | 79.00M | 45.00M | 25.00M |
| Other Current Liabilities | 2.00M | 300.00M | 4.67B | 263.00M | 284.00M | 293.00M |
| Total Current Liabilities | 2.57B | 2.18B | 6.34B | 1.58B | 1.43B | 1.66B |
| Long-Term Debt | 32.31B | 28.89B | 24.05B | 19.15B | 19.29B | 19.45B |
| Long-Term Leases | 313.00M | 327.00M | 299.00M | 239.00M | 215.00M | 177.00M |
| Long-Term Unearned Revenue | 6.00M | 7.00M | 9.00M | 8.00M | 9.00M | 5.00M |
| Pension & Post-Retirement Benefits | 20.00M | |||||
| Long-Term Deferred Tax Liabilities | 729.00M | 759.00M | 766.00M | 627.00M | 596.00M | 485.00M |
| Other Long-Term Liabilities | 543.00M | 419.00M | 408.00M | 329.00M | 334.00M | 441.00M |
| Total Liabilities | 36.47B | 32.59B | 31.87B | 21.95B | 21.87B | 22.23B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 3.38B | 3.13B | 2.82B | 2.44B | 2.11B | 1.83B |
| Retained Earnings | -9.11B | -10.61B | -7.36B | -2.62B | -3.91B | -3.71B |
| Treasury Stock | -4.03B | -2.21B | -1.71B | -1.71B | -1.71B | -794.00M |
| Comprehensive Income & Other | -54.00M | -10.00M | -42.00M | -98.00M | -267.00M | -248.00M |
| Total Common Equity | -9.81B | -9.69B | -6.29B | -1.98B | -3.77B | -2.92B |
| Minority Interest | 90.00M | 7.00M | 7.00M | 6.00M | 7.00M | 6.00M |
| Shareholders' Equity | -9.72B | -9.68B | -6.28B | -1.98B | -3.77B | -2.91B |
| Total Liabilities & Equity | 26.75B | 22.91B | 25.59B | 19.97B | 18.11B | 19.32B |
| Total Debt | 33.48B | 30.08B | 24.95B | 19.82B | 19.95B | 20.38B |
| Net Cash (Debt) | -30.70B | -27.27B | -18.64B | -16.25B | -16.87B | -15.58B |
| Net Cash Per Share | -529.62 | -468.61 | -322.40 | -284.02 | -289.93 | -266.82 |
| Filing Date Shares Outstanding | 55.28M | 56.32M | 56.23M | 55.31M | 54.37M | 55.25M |
| Total Common Shares Outstanding | 55.27M | 56.38M | 56.22M | 55.31M | 54.36M | 55.20M |
| Working Capital | 5.20B | 4.83B | 3.69B | 5.16B | 4.22B | 5.37B |
| Book Value Per Share | -177.47 | -171.81 | -111.89 | -35.87 | -69.41 | -52.82 |
| Tangible Book Value | -26.70B | -23.75B | -20.16B | -13.72B | -15.16B | -14.28B |
| Tangible Book Value Per Share | -483.07 | -421.32 | -358.53 | -248.05 | -278.95 | -258.58 |
| Land | 192.00M | 186.00M | 119.00M | 103.00M | 103.00M | |
| Buildings | 794.00M | 733.00M | 567.00M | 461.00M | 409.00M | |
| Machinery | 1.62B | 1.45B | 1.33B | 945.00M | 832.00M | |
| Construction In Progress | 163.00M | 141.00M | 105.00M | 78.00M | 61.00M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.13B | 2.07B | 1.71B | 1.30B | 866.00M | 680.00M |
| Depreciation & Amortization | 420.00M | 367.00M | 312.00M | 268.00M | 253.00M | 253.00M |
| Other Amortization | 45.00M | 38.00M | 40.00M | 41.00M | 34.00M | 34.00M |
| Loss (Gain) From Sale of Assets | 7.00M | -10.00M | -11.00M | -7.00M | -69.00M | |
| Stock-Based Compensation | 151.00M | 157.00M | 217.00M | 157.00M | 184.00M | 129.00M |
| Other Operating Activities | -28.00M | -30.00M | 75.00M | 42.00M | -90.00M | 10.00M |
| Change in Accounts Receivable | -212.00M | -212.00M | -84.00M | -212.00M | -190.00M | -78.00M |
| Change in Inventory | -230.00M | -156.00M | -104.00M | -261.00M | -134.00M | 79.00M |
| Change in Accounts Payable | 44.00M | 38.00M | -11.00M | 12.00M | 58.00M | 3.00M |
| Change in Income Taxes | 21.00M | -94.00M | -62.00M | 168.00M | 58.00M | -63.00M |
| Change in Other Net Operating Assets | -149.00M | -134.00M | -41.00M | -138.00M | -83.00M | -65.00M |
| Operating Cash Flow | 2.20B | 2.04B | 2.04B | 1.38B | 948.00M | 913.00M |
| Capital Expenditures | -271.00M | -222.00M | -165.00M | -139.00M | -119.00M | -105.00M |
| Cash Acquisitions | -3.34B | -419.00M | -2.35B | -762.00M | -437.00M | -963.00M |
| Divestitures | 259.00M | |||||
| Other Investing Activities | -6.00M | 46.00M | 71.00M | 1.00M | 3.00M | 24.00M |
| Investing Cash Flow | -3.62B | -595.00M | -2.44B | -900.00M | -553.00M | -785.00M |
| Short-Term Debt Issued | 238.00M | 137.00M | ||||
| Long-Term Debt Issued | 11.11B | 14.19B | 9.74B | 2.13B | ||
| Total Debt Issued | 12.03B | 11.35B | 14.32B | 9.74B | 2.13B | |
| Long-Term Debt Repaid | -6.27B | -9.35B | -9.91B | -275.00M | -2.26B | |
| Net Debt Issued (Repaid) | 8.40B | 5.07B | 4.97B | -173.00M | -275.00M | -125.00M |
| Issuance of Common Stock | 135.00M | 166.00M | 245.00M | 215.00M | 132.00M | 128.00M |
| Repurchase of Common Stock | -1.81B | -500.00M | -912.00M | |||
| Other Financing Activities | 4.03B | -301.00M | -109.00M | -58.00M | -88.00M | -73.00M |
| Financing Cash Flow | 1.42B | -4.90B | 3.17B | -16.00M | -2.15B | -70.00M |
| Foreign Exchange Rate Adjustments | -22.00M | 4.00M | 14.00M | 12.00M | -33.00M | 12.00M |
| Net Cash Flow | -19.00M | -3.45B | 2.79B | 471.00M | -1.79B | 70.00M |
| Free Cash Flow | 1.93B | 1.82B | 1.88B | 1.24B | 829.00M | 808.00M |
| Free Cash Flow Margin | 19.26% | 20.56% | 23.68% | 18.77% | 15.27% | 16.84% |
| Free Cash Flow Per Share | 33.24 | 31.20 | 32.53 | 21.61 | 14.24 | 13.84 |
| Levered Free Cash Flow | 1.46B | -2.92B | 5.89B | 995.38M | 611.38M | 597.75M |
| Unlevered Free Cash Flow | 2.59B | -1.98B | 6.65B | 1.68B | 1.25B | 1.23B |
| Cash Interest Paid | 1.01B | |||||
| Cash Income Tax Paid | 587.00M | 640.00M | 539.00M | 260.00M | 220.00M | 83.00M |
| Change in Working Capital | -526.00M | -558.00M | -302.00M | -431.00M | -291.00M | -124.00M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 67.08B | 74.27B | 80.08B | 46.53B | 28.46B | 34.42B |
| Enterprise Value | 97.79B | 96.54B | 98.61B | 63.19B | 44.56B | 50.31B |
| Last Close Price | 1,213.62 | 1,318.02 | 1,264.74 | 720.69 | 448.61 | 519.11 |
| PE Ratio | 36.82 | 39.80 | 54.07 | 36.93 | 36.49 | 56.71 |
| Forward PE | 26.05 | 32.60 | 37.37 | 28.35 | 25.22 | 39.36 |
| PS Ratio | 6.70 | 8.41 | 10.09 | 7.07 | 5.24 | 7.17 |
| PB Ratio | -7.67 | -12.74 | -23.52 | -7.56 | -11.83 | |
| P/FCF Ratio | 34.81 | 40.90 | 42.59 | 37.64 | 34.34 | 42.60 |
| P/OCF Ratio | 30.52 | 36.44 | 39.16 | 33.84 | 30.02 | 37.70 |
| PEG Ratio | 1.68 | 2.49 | 1.86 | 1.18 | 1.07 | 2.71 |
| EV/Sales Ratio | 9.77 | 10.93 | 12.42 | 9.60 | 8.21 | 10.49 |
| EV/EBITDA Ratio | 19.19 | 21.14 | 25.22 | 19.80 | 18.03 | 25.70 |
| EV/EBIT Ratio | 20.92 | 22.99 | 27.41 | 21.62 | 20.08 | 29.51 |
| EV/FCF Ratio | 50.75 | 53.16 | 52.45 | 51.13 | 53.75 | 62.27 |
| Debt / Equity Ratio | -3.44 | -3.11 | -3.97 | -10.02 | -5.30 | -7.00 |
| Debt / EBITDA Ratio | 6.57 | 6.56 | 6.35 | 6.17 | 7.99 | 10.26 |
| Debt / FCF Ratio | 17.38 | 16.57 | 13.27 | 16.04 | 24.07 | 25.22 |
| Net Debt / Equity Ratio | -3.16 | -2.82 | -2.97 | -8.21 | -4.48 | -5.36 |
| Net Debt / EBITDA Ratio | 6.03 | 5.97 | 4.77 | 5.09 | 6.83 | 7.96 |
| Net Debt / FCF Ratio | 15.93 | 15.02 | 9.91 | 13.14 | 20.36 | 19.29 |
| Asset Turnover | 0.41 | 0.36 | 0.35 | 0.35 | 0.29 | 0.25 |
| Inventory Turnover | 1.72 | 1.77 | 1.86 | 1.86 | 1.85 | 1.85 |
| Quick Ratio | 1.92 | 2.16 | 1.26 | 3.16 | 2.92 | 3.40 |
| Current Ratio | 3.02 | 3.21 | 1.58 | 4.27 | 3.96 | 4.23 |
| Return on Assets (ROA) | 11.82% | 10.82% | 9.87% | 9.60% | 7.41% | 5.65% |
| Return on Invested Capital (ROIC) | 15.42% | 16.57% | 14.80% | 12.62% | 9.93% | 9.43% |
| Return on Capital Employed (ROCE) | 19.30% | 20.30% | 18.70% | 15.90% | 13.30% | 9.70% |
| Earnings Yield | 2.72% | 2.79% | 2.14% | 2.79% | 3.04% | 1.98% |
| FCF Yield | 2.87% | 2.44% | 2.35% | 2.66% | 2.91% | 2.35% |
| Buyback Yield / Dilution | 0.21% | -0.69% | -1.05% | 1.72% | 0.34% | -1.92% |