TransDigm Group Inc. (TDG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$10.3	$10.9	+5.2%	—	$2.7B	—
Q2 26	$9.71	$9.85	+1.4%	—	$2.5B	—
Q1 26	$8.04	$8.23	+2.4%	—	$2.3B	—
Q4 25	$10.1	$10.8	+7.7%	—	$2.4B	—
Q3 25	$9.9	$9.6	-3.0%	—	$2.2B	—
Q2 25	$8.95	$9.11	+1.8%	—	$2.1B	—
Q1 25	$7.74	$7.83	+1.2%	—	$2B	—
Q4 24	$9.28	$9.83	+5.9%	—	$2.2B	—
Q3 24	$8.51	$9	+5.8%	—	$2B	—
Q2 24	$7.41	$7.99	+7.8%	—	$1.9B	—
Q1 24	$6.4	$7.16	+11.9%	—	$1.8B	—
Q4 23	$7.63	$8.03	+5.2%	—	$1.9B	—
Q3 23	$6.4	$7.25	+13.3%	—	$1.7B	—
Q2 23	$5.46	$5.98	+9.5%	—	$1.6B	—
Q1 23	$4.29	$4.58	+6.8%	—	$1.4B	—
Q4 22	$5.23	$5.5	+5.2%	—	$1.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$32.1	—	—	$8.8B	—
FY24	—	$25.6	—	—	$7.9B	—
FY23	—	$22	—	—	$6.6B	—
FY22	—	$13.4	—	—	$5.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.2B	$3.5B	$3.8B	$5.2B	$5.1B	$4.8B	$5.4B	$6.6B	$7.9B	$8.8B
YoY change	+17.2%	+10.5%	+8.75%	+37.1%	-2.3%	-5.98%	+13.2%	+21.3%	+20.6%	+11.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.2B	3.5B	3.8B	5.2B	5.1B	4.8B	5.4B	6.6B	7.9B	8.8B
Cost of revenue	1.4B	1.5B	1.6B	2.4B	2.5B	2.3B	2.3B	2.7B	3.3B	3.5B
Gross profit	1.7B	2B	2.2B	2.8B	2.6B	2.5B	3.1B	3.8B	4.7B	5.3B
Gross margin	54.5%	56.6%	57.1%	53.8%	51.9%	52.4%	57.1%	58.3%	58.8%	60.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	356.9M	412.6M	450M	748M	727M	685M	748M	770M	931M	921M
Operating expenses	356.9M	412.6M	450M	748M	727M	685M	748M	770M	931M	921M
Operating income	1.3B	1.5B	1.7B	1.9B	1.8B	1.7B	2.2B	2.9B	3.6B	4.2B
Operating margin	40.8%	42.3%	43.4%	36.9%	34.3%	35.2%	40.8%	44.5%	45.1%	47.4%
Non-operating income, net	-41.8M	-42.8M	-14M	-4M	18M	120M	-11M	3M	-21M	23M
Pretax income	768.1M	837.4M	986M	1.1B	740M	715M	1.1B	1.7B	2.2B	2.6B
Income tax	181.7M	208.9M	24M	222M	87M	34M	261M	417M	500M	555M
Net income	586.4M	596.9M	957M	892M	700M	681M	867M	1.3B	1.7B	2.1B
Net margin	18.5%	17%	25.1%	17.1%	13.7%	14.2%	16%	19.7%	21.6%	23.5%
EBITDA	1.4B	1.6B	1.8B	2.2B	2.1B	2B	2.5B	3.2B	3.9B	4.6B
EPS	10.4	7.88	16.2	13.8	8.96	10.4	13.4	22	25.6	32.1
Diluted EPS	10.4	7.88	16.2	13.8	8.96	10.4	13.4	22	25.6	32.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	1.9B	1.8B	1.9B	2B	2.2B	2B	2.1B	2.2B	2.4B	2.3B	2.5B	2.7B
Cost of revenue	760M	747M	767M	826M	927M	771M	876M	905M	967M	933M	1B	1.1B
Gross profit	1.1B	1B	1.2B	1.2B	1.3B	1.2B	1.3B	1.3B	1.5B	1.4B	1.5B	1.6B
Gross margin	59%	58.2%	60%	59.6%	57.6%	61.6%	59.3%	59.5%	60.3%	59.2%	59.4%	59.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	199M	220M	237M	227M	252M	207M	231M	236M	248M	249M	264M	312M
Operating expenses	199M	220M	237M	227M	252M	207M	231M	236M	248M	249M	264M	312M
Operating income	859M	787M	878M	955M	956M	978M	996M	1B	1.2B	1B	1.2B	1.2B
Operating margin	46.4%	44%	45.8%	46.7%	43.7%	48.8%	46.3%	46.7%	48%	45.8%	46.7%	45.5%
Non-operating income, net	-2M	1M	-5M	-7M	-9M	19M	4M	-6M	8M	—	-3M	-20M
Pretax income	550M	488M	519M	602M	605M	619M	622M	635M	753M	572M	700M	713M
Income tax	136M	106M	115M	141M	138M	126M	143M	142M	144M	127M	164M	173M
Net income	414M	382M	404M	461M	467M	493M	479M	493M	609M	445M	536M	540M
Net margin	22.4%	21.4%	21.1%	22.5%	21.4%	24.6%	22.3%	22%	25%	19.5%	21.1%	19.7%
EBITDA	914M	859M	928M	1B	1.1B	1.1B	1.1B	1.1B	1.3B	1.2B	1.3B	1.4B
EPS	7.23	4.87	6.97	7.96	5.8	7.62	8.24	8.47	7.75	6.62	9.2	9.39
Diluted EPS	7.23	4.87	6.97	7.96	5.8	7.62	8.24	8.47	7.75	6.62	9.2	9.39

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	16.2B	14.2B	20.7B	29.3B	27.2B	36.5B	30.5B	48.2B	82.5B	76.7B	62B
Enterprise value	24.8B	25.3B	31.5B	44.7B	42.5B	51.7B	47.4B	64.5B	101.1B	103.9B	92.5B
Shares outstanding	56.2M	55.5M	55.6M	56.3M	57.3M	58.4M	58.2M	57.2M	57.8M	58.2M	58.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	27.7	23.8	21.6	32.8	38.9	53.6	35.2	37.1	48.1	37	33.7
P/S	5.12	4.05	5.43	5.61	5.33	7.6	5.63	7.32	10.4	8.69	6.2
P/B	-24.9	-4.81	-11.4	-10.2	-6.86	-12.5	-8.11	-24.4	-13.1	-7.93	-6.55
EV/EBITDA	17.6	15.6	17.7	20.8	20.5	26.4	19.3	20.4	26.2	22.6	18.2
EV/Sales	7.83	7.22	8.27	8.56	8.34	10.8	8.72	9.8	12.7	11.8	9.24
Earnings yield	3.61%	4.2%	4.62%	3.04%	2.57%	1.87%	2.84%	2.69%	2.08%	2.7%	2.97%
FCF yield	3.94%	5.06%	4.58%	3.12%	4.07%	2.22%	2.71%	2.56%	2.28%	2.37%	2.35%
PEG	—	—	—	—	—	—	—	—	—	—	3.1

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	54.5%	56.6%	57.1%	53.8%	51.9%	52.4%	57.1%	58.3%	58.8%	60.1%	59.4%
Operating margin	40.8%	42.3%	43.4%	36.9%	34.3%	35.2%	40.8%	44.5%	45.1%	47.4%	46%
Net margin	18.5%	17%	25.1%	17.1%	13.7%	14.2%	16%	19.7%	21.6%	23.5%	21.3%
ROE	-90%	-20.2%	-52.9%	-30.9%	-17.6%	-23.4%	-23%	-65.7%	-27.3%	-21.4%	-19.3%
ROA	5.47%	5.98%	7.85%	5.49%	3.81%	3.53%	4.79%	6.5%	6.7%	9.05%	11.8%
ROIC	12.4%	13.6%	17.9%	12.1%	13.6%	13.1%	13%	15.5%	22.4%	18.8%	17.2%
Return on tangible assets	-14.1%	-12.1%	-25%	-18.3%	-26.9%	-20%	-18.5%	-37.1%	-80%	-39.7%	-30.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.89	2.45	4.06	3.16	4.31	4.23	3.96	4.27	1.58	3.21	3.02
Quick ratio	2.93	1.61	3.17	2.36	3.51	3.51	3.03	3.24	1.29	2.25	2.01
Debt / equity	-15.6	-3.99	-7.12	-5.86	-5.05	-6.88	-5.26	-9.99	-3.96	-3.1	-0.03
Debt / assets	0.95	1.18	1.06	1.04	1.09	1.04	1.09	0.99	0.97	1.31	1.25
Net debt / EBITDA	6.08	6.86	6.08	7.17	7.36	7.78	6.85	5.16	4.83	5.93	6.03
Interest coverage	2.59	2.39	2.49	2.24	1.72	1.68	2.05	2.47	2.72	2.67	2.45
Effective tax rate	23.7%	24.9%	2.43%	20.9%	11.8%	4.76%	23.2%	24.3%	22.6%	21.1%	22.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	56.5	63.1	68.5	92.8	89.1	82.2	93.3	115.1	137.4	151.7	172.6
EPS (basic)	10.4	7.88	16.2	13.8	8.96	10.4	13.4	22	25.6	32.1	32.1
EPS (diluted)	10.4	7.88	16.2	13.8	8.96	10.4	13.4	22	25.6	32.1	32.9
Book value per share	-11.6	-53.1	-32.5	-51.3	-69.2	-49.8	-64.7	-34.6	-108.7	-166.3	-168
FCF per share	11.4	12.9	17.1	16.2	19.3	13.8	14.2	21.6	32.5	31.2	33.6
Cash per share	28.3	11.7	37.3	26.1	82.3	82	51.6	60.7	108.3	48.2	50.3
Capex per share	0	—	—	0	0	0.41	—	—	—	3.81	4.72

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	—	—	0%	0%	0.5%	—	—	—	2.51%	2.71%
Capex / operating cash flow	0%	—	—	0%	0%	2.39%	—	—	—	10.9%	12.3%
Payout ratio	0.51%	432.5%	5.85%	191.9%	275.4%	10.7%	125.8%	2.93%	118.8%	464.3%	0%
Dividend yield	0.02%	18.2%	0.27%	5.84%	7.08%	0.2%	3.57%	0.08%	2.47%	12.6%	12.6%

Yield

—

trailing twelve months

Frequency

Annual

Last dividend

$90.00

ex-dividend Sep 2, 2025

Payout ratio

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 2, 2025	$90.00
Oct 4, 2024	$75.00
Nov 17, 2023	$35.00
Aug 18, 2022	$18.50
Dec 27, 2019	$32.50
Aug 15, 2019	$30.00
Aug 31, 2017	$22.00
Oct 20, 2016	$24.00

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$1.9B	$1.8B	$1.9B	$2B	$2.2B	$2B	$2.1B	$2.2B	$2.4B	$2.3B	$2.5B	$2.7B
YoY change	+22.6%	+28.1%	+20.5%	+17.3%	+18%	+12.1%	+12%	+9.34%	+11.5%	+13.9%	+18.3%	+22.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.6B	650.6M	2.1B	1.5B	4.7B	4.8B	3B	3.5B	6.3B	2.8B
Receivables	576.3M	636.1M	704.3M	1.1B	720M	791M	967M	1.2B	1.4B	1.6B
Inventory	724M	730.7M	805.3M	1.2B	1.3B	1.2B	1.3B	1.6B	1.9B	2.1B
Total current assets	2.9B	2.1B	3.7B	4.9B	7B	7B	5.6B	6.7B	10B	7B
Property, plant & equipment	156.9M	162.9M	217.1M	349M	402M	361M	346M	688M	755M	785M
Goodwill & intangibles	14.9B	14.9B	16B	21.1B	21B	22.7B	22.8B	23.5B	27.7B	28.1B
Total assets	10.7B	10B	12.2B	16.3B	18.4B	19.3B	18.1B	20B	25.6B	22.9B
Accounts payable	156.1M	148.8M	173.6M	276M	218M	227M	279M	305M	323M	368M
Short-term debt	252.4M	369M	375.3M	430M	647M	646M	444M	436M	603M	863M
Total current liabilities	752.6M	871M	900.4M	1.5B	1.6B	1.7B	1.4B	1.6B	6.3B	2.2B
Long-term debt	9.9B	11.4B	12.5B	16.5B	19.4B	19.4B	19.4B	19.3B	24.3B	29.2B
Total liabilities	11.4B	12.9B	14B	19.1B	22.4B	22.2B	21.9B	21.9B	31.9B	32.6B
Shareholders' equity	-651.5M	-3B	-1.8B	-2.9B	-4B	-2.9B	-3.8B	-2B	-6.3B	-9.7B
Total debt	10.2B	11.8B	12.9B	16.9B	20B	20B	19.8B	19.8B	24.9B	30B
Net debt	8.6B	11.1B	10.8B	15.4B	15.3B	15.2B	16.8B	16.3B	18.6B	27.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	3.5B	4.1B	4.3B	3.4B	6.3B	2.5B	2.4B	2.8B	2.8B	2.5B	3.9B	2.8B
Receivables	1.2B	1.1B	1.2B	1.3B	1.4B	1.3B	1.4B	1.5B	1.6B	1.6B	1.7B	1.8B
Inventory	1.6B	1.7B	1.8B	1.9B	1.9B	1.9B	2B	2.1B	2.1B	2.4B	2.4B	2.6B
Total current assets	6.7B	7.4B	8.3B	7.1B	10B	6.2B	6.4B	6.9B	7B	7B	8.6B	7.8B
Property, plant & equipment	688M	—	—	—	755M	—	—	—	785M	—	—	—
Goodwill & intangibles	23.5B	23.5B	23.5B	26.3B	27.7B	27.3B	27.6B	28B	28.1B	29.7B	29.8B	33.8B
Total assets	20B	20.7B	21.6B	21.8B	25.6B	21.5B	21.9B	22.7B	22.9B	23.8B	25.4B	26.8B
Accounts payable	305M	288M	302M	320M	323M	315M	319M	328M	368M	385M	425M	434M
Short-term debt	436M	530M	1.1B	528M	603M	747M	743M	744M	863M	849M	853M	864M
Total current liabilities	1.6B	1.8B	2.2B	1.9B	6.3B	2.3B	2.1B	2.2B	2.2B	2.5B	2.4B	2.6B
Long-term debt	19.3B	21.3B	21.3B	21.4B	24.3B	24.3B	24.3B	24.3B	29.2B	29.2B	31.1B	32.6B
Total liabilities	21.9B	24.2B	24.6B	24.3B	31.9B	27.8B	27.6B	27.7B	32.6B	33B	34.8B	36.5B
Shareholders' equity	-2B	-3.5B	-3B	-2.5B	-6.3B	-6.3B	-5.7B	-5B	-9.7B	-9.3B	-9.4B	-9.7B
Total debt	19.8B	21.9B	22.4B	21.9B	24.9B	25B	25B	25B	30B	30B	32B	33.5B
Net debt	16.3B	17.7B	18.1B	18.5B	18.6B	22.6B	22.6B	22.2B	27.2B	27.5B	28.1B	30.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	586.4M	596.9M	957M	892M	700M	681M	867M	1.3B	1.7B	2.1B
Depreciation & amortization	121.7M	141M	129M	226M	283M	253M	253M	268M	312M	367M
Stock-based compensation	48.3M	45.5M	58M	93M	93M	129M	184M	157M	217M	157M
Change in working capital	-106.1M	-52.2M	-13M	-151.7M	68M	-92M	-264M	-337M	-321M	-479M
Operating cash flow	688.1M	840M	1B	1.1B	1.1B	1B	1B	1.5B	2B	2B
Capital expenditure	0	—	—	0	0	24M	—	—	—	-222M
Investing cash flow	-1.4B	-216M	-668M	-3.8B	904M	-656M	-434M	-761M	-2.3B	-595M
Dividends paid	-3M	-2.6B	-56M	-1.7B	-1.9B	-73M	-1.1B	-38M	-2B	-9.6B
Share repurchases	-207.8M	-389.8M	0	0	-19M	0	-912M	0	0	-500M
Financing cash flow	1.6B	-1.5B	1B	2.2B	1.1B	-198M	-2.3B	-231M	2.9B	-5.1B
Net change in cash	891.4M	-840.9M	1.4B	-519.7M	3.2B	149M	-1.7B	463M	2.7B	-3.6B
Free cash flow	639.3M	717.7M	949M	913M	1.1B	808M	829M	1.2B	1.9B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	414M	382M	404M	462M	467M	493M	479M	493M	609M	445M	536M	540M
Depreciation & amortization	69M	71M	72M	76M	93M	90M	89M	92M	96M	100M	105M	119M
Stock-based compensation	26M	51M	60M	47M	59M	25M	48M	51M	33M	27M	26M	65M
Change in working capital	-107M	-2M	-108M	48M	59M	-4M	-289M	-120M	14M	-43M	-234M	-156M
Operating cash flow	425M	509M	456M	672M	698M	599M	314M	631M	507M	832M	135M	724M
Capital expenditure	—	—	—	—	—	—	—	-58M	-66M	-60M	-71M	-74M
Investing cash flow	-11M	-14M	-73M	-1.6B	-661M	18M	-111M	-158M	-246M	-973M	-164M	-2.2B
Dividends paid	0	-2B	0	0	0	-4.4B	0	0	-5.2B	-59M	0	0
Share repurchases	0	—	—	—	—	-316M	-53M	-131M	0	-106M	-615M	-1.1B
Financing cash flow	-41M	15M	488M	-564M	3B	-4.6B	-78M	-187M	-250M	-170M	-616M	370M
Net change in cash	373M	510M	871M	-1.5B	3B	-3.9B	125M	286M	11M	-311M	-645M	-1.1B
Free cash flow	425M	600M	181M	568M	531M	710M	92M	573M	441M	772M	64M	650M

TransDigm Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement