TransDigm Group Incorporated (TDG) 10-Year Financial Performance & Capital Metrics

TDG • • Industrial / General

IndustrialsAerospace & DefenseAerospace Components & SubsystemsAvionics & Flight Systems

AboutTransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. The company's Airframe segment provides engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, cockpit displays, engineered audio, radio and antenna systems, lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, thermal protection and insulation products, lighting and control technology, and parachutes. This segment serves airframe manufacturers, cabin system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots. Its Non-aviation segment offers seat belts and safety restraints for ground transportation applications; electro-mechanical actuators for space applications; hydraulic/electromechanical actuators and fuel valves for land-based gas turbines; refueling systems for heavy equipment used in mining, construction, and other industries; and turbine controls for the energy and oil and gas markets. This segment serves off-road vehicle and subsystem suppliers, child restraint system suppliers, and satellite and space system suppliers; and manufacturers of heavy equipment. TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.Show more

Revenue $8.83B +11.2%
EBITDA $4.53B +17.9%
Net Income $2.07B +21.0%
EPS (Diluted) 35.64 +39.1%
Gross Margin 60.14% +2.2%
EBITDA Margin 51.32% +6.0%
Operating Margin 47.16% +6.1%
Net Margin 23.49% +8.8%
ROE -
ROIC 20.87% +5.2%
Debt/Equity -
Interest Coverage 2.65 +0.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 24.3%
✓FCF machine: 20.6% free cash flow margin
✓Strong 5Y sales CAGR of 11.6%
✓Healthy 5Y average net margin of 19.0%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.55%

5Y11.59%

3Y17.61%

TTM12.78%

Profit (Net Income) CAGR

10Y16.67%

5Y24.3%

3Y33.79%

TTM16.32%

EPS CAGR

10Y16.35%

5Y33.93%

3Y38.54%

TTM11.45%

ROCE

10Y Avg15.23%

5Y Avg15.8%

3Y Avg18.76%

Latest20.84%

Peer Comparison

Avionics & Flight Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CWCurtiss-Wright Corporation	23.03B	624.60	59.20	9.69%	13.78%	18.39%	2.1%	0.50
RTXRTX Corporation	259.91B	193.85	54.61	17.15%	7.67%	9.93%	1.74%	0.69
TATTTAT Technologies Ltd.	685.09M	52.90	52.90	33.68%	9.08%	9.18%		0.18
WWDWoodward, Inc.	19.56B	326.04	45.35	7.3%	12.39%	17.23%	1.74%	0.10
TDGTransDigm Group Incorporated	78.06B	1386.12	38.89	11.22%	22.52%		2.33%
MOG-AMoog Inc.	7.97B	276.30	37.69	6.97%	6.08%	11.8%	1.61%	0.56
ISSCInnovative Solutions and Support, Inc.	350.96M	19.77	22.47	78.6%	15.11%	20.6%	1.93%	0.37
RALRalliant Corp.	5.97B	52.91	19.74	-0.05%	14.06%	10.06%	7.04%	0.02

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	3.17B	3.5B	3.81B	5.22B	5.1B	4.8B	5.43B	6.58B	7.94B	8.83B
Revenue Growth %	0.17%	0.1%	0.09%	0.37%	-0.02%	-0.06%	0.13%	0.21%	0.21%	0.11%
Cost of Goods Sold+	1.51B	1.6B	1.69B	2.54B	2.46B	2.29B	2.33B	2.74B	3.27B	3.52B
COGS % of Revenue	0.48%	0.46%	0.44%	0.49%	0.48%	0.48%	0.43%	0.42%	0.41%	0.4%
Gross Profit+	1.66B	1.9B	2.12B	2.68B	2.65B	2.51B	3.1B	3.84B	4.67B	5.31B
Gross Margin %	0.52%	0.54%	0.56%	0.51%	0.52%	0.52%	0.57%	0.58%	0.59%	0.6%
Gross Profit Growth %	0.18%	0.14%	0.12%	0.27%	-0.01%	-0.05%	0.23%	0.24%	0.22%	0.14%
Operating Expenses+	356.86M	409.07M	442.5M	668.97M	896M	822M	884M	919M	1.14B	1.15B
OpEx % of Revenue	0.11%	0.12%	0.12%	0.13%	0.18%	0.17%	0.16%	0.14%	0.14%	0.13%
Selling, General & Admin	298.26M	335.27M	368.69M	552.17M	727M	685M	748M	770M	931M	945M
SG&A % of Revenue	0.09%	0.1%	0.1%	0.11%	0.14%	0.14%	0.14%	0.12%	0.12%	0.11%
Research & Development	58.6M	73.8M	73.8M	116.8M	0	0	0	0	0	0
R&D % of Revenue	0.02%	0.02%	0.02%	0.02%	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	169M	137M	136M	149M	210M	201M
Operating Income+	1.3B	1.49B	1.68B	2.01B	1.75B	1.69B	2.21B	2.92B	3.53B	4.17B
Operating Margin %	0.41%	0.43%	0.44%	0.39%	0.34%	0.35%	0.41%	0.44%	0.44%	0.47%
Operating Income Growth %	0.18%	0.14%	0.12%	0.2%	-0.13%	-0.03%	0.31%	0.32%	0.21%	0.18%
EBITDA+	1.42B	1.63B	1.8B	2.24B	2.03B	1.94B	2.47B	3.19B	3.84B	4.53B
EBITDA Margin %	0.45%	0.47%	0.47%	0.43%	0.4%	0.41%	0.45%	0.48%	0.48%	0.51%
EBITDA Growth %	0.19%	0.15%	0.11%	0.24%	-0.09%	-0.04%	0.27%	0.29%	0.2%	0.18%
D&A (Non-Cash Add-back)	121.67M	140.16M	128.85M	224.64M	283M	253M	253M	268M	312M	367M
EBIT	1.27B	1.48B	1.65B	1.93B	1.77B	1.77B	2.2B	2.88B	3.5B	4.2B
Net Interest Income+	-498.24M	-639.3M	-669.4M	-865.83M	-1.06B	-1.1B	-1.08B	-1.22B	-1.34B	-1.57B
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	498.24M	639.3M	669.4M	865.83M	1.06B	1.1B	1.08B	1.22B	1.34B	1.57B
Other Income/Expense	-533.94M	-652.9M	-690.4M	-950.8M	-1.01B	-976M	-1.09B	-1.21B	-1.32B	-1.54B
Pretax Income+	768.12M	837.43M	985.56M	1.06B	740M	715M	1.13B	1.72B	2.21B	2.63B
Pretax Margin %	0.24%	0.24%	0.26%	0.2%	0.15%	0.15%	0.21%	0.26%	0.28%	0.3%
Income Tax+	181.7M	208.89M	24.02M	221.99M	87M	34M	261M	417M	500M	555M
Effective Tax Rate %	0.76%	0.52%	0.92%	0.73%	0.94%	0.95%	0.77%	0.76%	0.77%	0.79%
Net Income+	583.41M	437.63M	907.76M	778.75M	699M	680M	866M	1.3B	1.71B	2.07B
Net Margin %	0.18%	0.12%	0.24%	0.15%	0.14%	0.14%	0.16%	0.2%	0.22%	0.23%
Net Income Growth %	0.31%	-0.25%	1.07%	-0.14%	-0.1%	-0.03%	0.27%	0.5%	0.32%	0.21%
Net Income (Continuing)	586.41M	628.54M	961.54M	840.88M	653M	681M	866M	1.3B	1.72B	2.07B
Discontinued Operations	0	-31.65M	2.37M	50.43M	47M	0	1M	0	0	0
Minority Interest	0	0	0	9.82M	4M	6M	7M	6M	7M	7M
EPS (Diluted)+	10.39	7.88	16.33	13.84	8.27	10.39	13.40	22.03	25.62	35.64
EPS Growth %	0.33%	-0.24%	1.07%	-0.15%	-0.4%	0.26%	0.29%	0.64%	0.16%	0.39%
EPS (Basic)	10.39	7.88	16.33	13.84	8.27	10.39	13.40	22.03	25.62	35.64
Diluted Shares Outstanding	56.16M	55.53M	55.6M	56.27M	57.3M	58.4M	58.2M	57.2M	57.8M	58.2M
Basic Shares Outstanding	56.16M	55.53M	55.6M	56.27M	57.3M	58.4M	58.2M	57.2M	57.8M	58.2M
Dividend Payout Ratio	0.01%	5.9%	0.06%	2.2%	2.76%	0.11%	1.26%	0.03%	1.19%	4.64%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	2.93B	2.13B	3.66B	4.87B	6.96B	7.03B	5.65B	6.74B	10.03B	7.01B
Cash & Short-Term Investments	1.59B	650.56M	2.07B	1.47B	4.72B	4.79B	3B	3.47B	6.26B	2.81B
Cash Only	1.59B	650.56M	2.07B	1.47B	4.72B	4.79B	3B	3.47B	6.26B	2.81B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	576.34M	636.13M	704.31M	1.07B	720M	791M	967M	1.23B	1.65B	1.62B
Days Sales Outstanding	66.33	66.26	67.45	74.63	51.5	60.17	65.01	68.18	75.9	66.83
Inventory	724.01M	730.68M	805.29M	1.23B	1.28B	1.19B	1.33B	1.62B	1.88B	2.1B
Days Inventory Outstanding	174.72	166.18	173.65	177.09	190.67	189.29	208.66	215.03	209.53	217.24
Other Current Assets	0	77.5M	0	962M	0	0	0	420M	241M	492M
Total Non-Current Assets+	7.8B	7.84B	8.54B	11.39B	11.44B	12.29B	12.46B	13.23B	15.56B	15.9B
Property, Plant & Equipment	310.58M	324.92M	388.33M	757M	752M	770M	807M	1.25B	1.55B	1.58B
Fixed Asset Turnover	10.21x	10.78x	9.81x	6.90x	6.79x	6.23x	6.73x	5.25x	5.13x	5.59x
Goodwill	5.68B	5.75B	6.22B	7.82B	7.89B	8.57B	8.64B	8.99B	10.42B	10.61B
Intangible Assets	1.76B	1.72B	1.79B	2.74B	2.61B	2.79B	2.75B	2.75B	3.45B	3.45B
Long-Term Investments	0	0	0	0	0	0	0	0	34M	0
Other Non-Current Assets	41.2M	53.98M	140.15M	69M	167M	156M	260M	242M	109M	252M
Total Assets+	10.73B	9.98B	12.2B	16.25B	18.39B	19.32B	18.11B	19.97B	25.59B	22.91B
Asset Turnover	0.30x	0.35x	0.31x	0.32x	0.28x	0.25x	0.30x	0.33x	0.31x	0.39x
Asset Growth %	0.27%	-0.07%	0.22%	0.33%	0.13%	0.05%	-0.06%	0.1%	0.28%	-0.1%
Total Current Liabilities+	752.6M	870.99M	900.38M	1.54B	1.62B	1.66B	1.43B	1.58B	6.34B	2.18B
Accounts Payable	156.07M	148.76M	173.6M	276M	218M	227M	279M	305M	323M	368M
Days Payables Outstanding	37.66	33.83	37.44	39.65	32.4	36.26	43.71	40.59	36.08	38.16
Short-Term Debt	252.42M	369.04M	375.34M	430M	625M	626M	426M	420M	603M	848M
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	183.45M	191.49M	200.43M	597M	451M	499M	412M	449M	4.88B	464M
Current Ratio	3.89x	2.45x	4.06x	3.16x	4.31x	4.23x	3.96x	4.27x	1.58x	3.21x
Quick Ratio	2.93x	1.61x	3.17x	2.36x	3.51x	3.51x	3.03x	3.24x	1.29x	2.25x
Cash Conversion Cycle	203.39	198.6	203.67	212.07	209.77	213.2	229.97	242.63	249.35	245.91
Total Non-Current Liabilities+	10.63B	12.06B	13.11B	17.6B	20.75B	20.56B	20.45B	20.37B	25.53B	30.41B
Long-Term Debt	9.94B	11.39B	12.5B	16.47B	19.38B	19.37B	19.37B	19.33B	24.04B	29.17B
Capital Lease Obligations	0	0	0	0	0	0	0	0	299M	0
Deferred Tax Liabilities	492.25M	500.95M	399.5M	441M	430M	485M	596M	627M	766M	759M
Other Non-Current Liabilities	189.72M	161.3M	204.11M	691M	933M	705M	482M	412M	416M	480M
Total Liabilities	11.38B	12.93B	14.01B	19.14B	22.36B	22.23B	21.87B	21.95B	31.87B	32.59B
Total Debt+	10.2B	11.76B	12.88B	16.9B	20.03B	20.02B	19.81B	19.77B	24.94B	30.03B
Net Debt	8.61B	11.11B	10.8B	15.43B	15.31B	15.23B	16.81B	16.29B	18.68B	27.22B
Debt / Equity	-	-	-	-	-	-	-	-	-	-
Debt / EBITDA	7.16x	7.21x	7.13x	7.55x	9.85x	10.30x	8.03x	6.19x	6.49x	6.63x
Net Debt / EBITDA	6.05x	6.82x	5.99x	6.89x	7.53x	7.83x	6.81x	5.11x	4.86x	6.01x
Interest Coverage	2.61x	2.33x	2.50x	2.33x	1.65x	1.54x	2.05x	2.40x	2.63x	2.65x
Total Equity+	-651.49M	-2.95B	-1.81B	-2.89B	-3.97B	-2.91B	-3.77B	-1.98B	-6.28B	-9.68B
Equity Growth %	0.37%	-3.53%	0.39%	-0.6%	-0.38%	0.27%	-0.29%	0.47%	-2.18%	-0.54%
Book Value per Share	-11.60	-53.15	-32.53	-51.28	-69.25	-49.83	-64.71	-34.58	-108.70	-166.31
Total Shareholders' Equity	-651.49M	-2.95B	-1.81B	-2.89B	-3.97B	-2.92B	-3.77B	-1.98B	-6.29B	-9.69B
Common Stock	558K	561K	569K	576K	1M	1M	1M	1M	1M	1M
Retained Earnings	-1.15B	-3.19B	-2.25B	-3.12B	-4.36B	-3.71B	-3.91B	-2.62B	-7.36B	-10.61B
Treasury Stock	-384.27M	-774.72M	-775.3M	-775.3M	-794M	-794M	-1.71B	-1.71B	-1.71B	-2.21B
Accumulated OCI	-149.79M	-85.14M	4.1M	-378.98M	-401M	-248M	-267M	-98M	-42M	-10M
Minority Interest	0	0	0	9.82M	4M	6M	7M	6M	7M	7M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	668.93M	788.73M	1.02B	1.02B	1.21B	913M	948M	1.38B	2.04B	2.04B
Operating CF Margin %	0.21%	0.23%	0.27%	0.19%	0.24%	0.19%	0.17%	0.21%	0.26%	0.23%
Operating CF Growth %	0.28%	0.18%	0.3%	-0.01%	0.19%	-0.25%	0.04%	0.45%	0.49%	-0%
Net Income	586.41M	596.89M	957.06M	891.31M	700M	681M	867M	1.3B	1.72B	2.07B
Depreciation & Amortization	121.67M	141.03M	129.84M	225.7M	283M	253M	253M	268M	312M	367M
Stock-Based Compensation	48.31M	45.52M	58.48M	93.36M	93M	129M	153M	157M	217M	157M
Deferred Taxes	5.81M	-918K	-151.64M	-349K	24M	34M	-22M	3M	10M	-10M
Other Non-Cash Items	17.64M	92.57M	33M	19.2M	-22M	-60M	-43M	79M	93M	8M
Working Capital Changes	-110.91M	-86.35M	-4.57M	-213.75M	135M	-124M	-260M	-431M	-302M	-558M
Change in Receivables	-80.11M	-54.67M	-43.81M	-82.27M	352M	-78M	-190M	-212M	-84M	-212M
Change in Inventory	-2.07M	5.13M	-10.81M	-35.71M	-62M	79M	-134M	-261M	-104M	-156M
Change in Payables	-6.66M	-10.35M	18.07M	-1.63M	-62M	3M	58M	12M	-11M	38M
Cash from Investing+	-1.44B	-287M	-683.58M	-3.89B	799M	-785M	-553M	-900M	-2.44B	-595M
Capital Expenditures	-43.98M	-71.01M	-73.34M	-101.59M	-105M	-105M	-119M	-139M	-165M	-222M
CapEx % of Revenue	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	57.38M	188.77M	0	24M	0	1M	71M	46M
Cash from Financing+	1.65B	-1.44B	1.09B	2.27B	1.23B	-70M	-2.15B	-16M	3.17B	-4.9B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-3M	-2.58B	-56.15M	-1.71B	-1.93B	-73M	-1.09B	-38M	-2.04B	-9.63B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	40.9M	3.61M	-10.84M	-303K	105M	128M	-2M	195M	129M	156M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	624.95M	717.72M	948.83M	913.88M	1.11B	808M	829M	1.24B	1.88B	1.82B
FCF Margin %	0.2%	0.2%	0.25%	0.17%	0.22%	0.17%	0.15%	0.19%	0.24%	0.21%
FCF Growth %	0.34%	0.15%	0.32%	-0.04%	0.21%	-0.27%	0.03%	0.49%	0.52%	-0.03%
FCF per Share	11.13	12.92	17.07	16.24	19.34	13.84	14.24	21.61	32.53	31.20
FCF Conversion (FCF/Net Income)	1.15x	1.80x	1.13x	1.30x	1.74x	1.34x	1.09x	1.06x	1.19x	0.98x
Interest Paid	448.61M	587.72M	635M	878M	923M	1.01B	1.06B	1.16B	1.16B	1.48B
Taxes Paid	183.29M	185.29M	129M	215M	223M	83M	220M	260M	539M	640M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Invested Capital (ROIC)	13.42%	13.87%	14.65%	14.02%	10.99%	10.72%	13.1%	16.02%	19.83%	20.87%
Gross Margin	52.31%	54.2%	55.59%	51.36%	51.87%	52.38%	57.08%	58.34%	58.84%	60.14%
Net Margin	18.4%	12.49%	23.82%	14.91%	13.7%	14.17%	15.95%	19.71%	21.59%	23.49%
Interest Coverage	2.61x	2.33x	2.50x	2.33x	1.65x	1.54x	2.05x	2.40x	2.63x	2.65x
FCF Conversion	1.15x	1.80x	1.13x	1.30x	1.74x	1.34x	1.09x	1.06x	1.19x	0.98x
Revenue Growth	17.15%	10.5%	8.76%	37.05%	-2.3%	-5.98%	13.15%	21.29%	20.58%	11.22%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Power And Control	1.62B	1.95B	2.14B	2.74B	2.69B	2.55B	2.87B	3.32B	3.94B	4.56B
Power And Control Growth	-	20.13%	9.80%	27.88%	-1.48%	-5.38%	12.67%	15.42%	18.85%	15.68%
Airframe	1.45B	1.44B	1.53B	2.33B	2.25B	2.08B	2.39B	3.09B	3.81B	4.11B
Airframe Growth	-	-0.40%	6.16%	52.16%	-3.28%	-7.55%	14.79%	29.40%	23.11%	7.95%
Non-Aviation Related Business	101.78M	114.05M	141.05M	158.22M	155M	165M	165M	175M	190M	160M
Non-Aviation Related Business Growth	-	12.06%	23.68%	12.17%	-2.04%	6.45%	0.00%	6.06%	8.57%	-15.79%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	-	-	-	-	3.1B	3.5B	4.26B	5.03B	5.54B
UNITED STATES Growth	-	-	-	-	-	-	12.92%	22.00%	17.98%	10.00%
Non-US	-	-	-	-	-	1.7B	1.93B	2.32B	2.91B	3.3B
Non-US Growth	-	-	-	-	-	-	13.57%	20.02%	25.34%	13.34%
Foreign Sales	1.17B	-	-	-	-	-	-	-	-	-
Foreign Sales Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

TransDigm Group Incorporated (TDG) has a price-to-earnings (P/E) ratio of 38.9x. This suggests investors expect higher future growth.

Growth & Financials

TransDigm Group Incorporated (TDG) reported $8.58B in revenue for fiscal year 2025. This represents a 400% increase from $1.71B in 2012.

TransDigm Group Incorporated (TDG) grew revenue by 11.2% over the past year. This is steady growth.

Yes, TransDigm Group Incorporated (TDG) is profitable, generating $1.93B in net income for fiscal year 2025 (23.5% net margin).

Dividend & Returns

Yes, TransDigm Group Incorporated (TDG) pays a dividend with a yield of 11.94%. This makes it attractive for income-focused investors.

TransDigm Group Incorporated (TDG) generated $1.91B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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