Financials

Transdigm Group Incorporated financials

TDG Aerospace and Defense

Transdigm Group Incorporated, established in 1993 and headquartered in Cleveland, Ohio, United States, is a specialty manufacturer of critical aircraft components such as engine control units and actuators. The company generates high-margin revenue through a combination of proprietary designs and strategic acquisitions, with approximately 70% of income coming from its aftermarket services. Under the leadership of CEO Mark A. Prince, Transdigm continues to leverage its competitive advantages to expand its market footprint and pursue growth opportunities in aerospace and defense.

Snapshot

Transdigm Group Incorporated reported $8.83B in revenue in fiscal 2025, up 11.2% year over year, with an operating margin of 47.2%.

Revenue (FY2025): $8.83B
YoY growth: +11.2%
Operating margin: 47.2%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	8,831,000	7,940,000	6,585,000	5,429,000
Cost of Sales	3,520,000	3,268,000	2,743,000	2,330,000
Gross Profit	5,311,000	4,672,000	3,842,000	3,099,000
Selling, General & Administrative Expenses	945,000	980,000	780,000	748,000
Depreciation & Amortization Expenses	201,000	161,000	139,000	136,000
Operating Profit	4,165,000	3,531,000	2,923,000	2,215,000
Interest Expense	(1,583,000)	(1,344,000)	(1,220,000)	(1,077,000)
Non-Operating Income	47,000	28,000	13,000	(11,000)
Total Non-Operating Income	(1,536,000)	(1,316,000)	(1,207,000)	(1,088,000)
Income Before Provision for Income Taxes	2,629,000	2,215,000	1,716,000	1,127,000
Provision for Income Taxes	555,000	500,000	417,000	261,000
Consolidated Net Income	2,074,000	1,715,000	1,299,000	866,000
Net Income Attributable to Minority Interests and Other	—	1,000	1,000	1,000
Net Income Attributable to Discontinued Operations	—	—	—	1,000
Net Income Attributable to Common Shareholders	2,074,000	1,714,000	1,298,000	866,000
Basic EPS	32.08	25.62	22.03	13.38
Diluted EPS	32.08	25.62	22.03	13.38
Basic Weighted Average Shares Outstanding	58,200	57,800	57,200	58,200
Diluted Weighted Average Shares Outstanding	58,200	57,800	57,200	58,200
Shares Outstanding	56,376	56,216	55,307	54,361

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	2,808,000	6,261,000	3,472,000	3,001,000
Total Cash and Cash Equivalents	2,808,000	6,261,000	3,472,000	3,001,000
Accounts Receivable	1,617,000	1,381,000	1,230,000	967,000
Total Trade Receivables	1,617,000	1,381,000	1,230,000	967,000
Inventories	2,095,000	1,876,000	1,616,000	1,332,000
Other Current Assets	492,000	511,000	420,000	349,000
Total Current Assets	7,012,000	10,029,000	6,738,000	5,649,000
Net Property, Plant & Equipment	1,579,000	1,488,000	1,255,000	807,000
Net Intangible Assets	3,454,000	3,446,000	2,747,000	2,750,000
Goodwill	10,612,000	10,419,000	8,988,000	8,641,000
Other Long-Term Assets	252,000	204,000	242,000	260,000
Total Assets	22,909,000	25,586,000	19,970,000	18,107,000
Accounts Payable	368,000	323,000	305,000	279,000
Accrued Expenses	966,000	1,216,000	854,000	721,000
Short-Term Debt	724,000	486,000	349,000	350,000
Current Portion of Long-Term Debt	124,000	98,000	71,000	76,000
Other Current Liabilities	—	4,216,000	—	—
Total Current Liabilities	2,182,000	6,339,000	1,579,000	1,426,000
Long-Term Debt	29,167,000	24,296,000	19,330,000	19,369,000
Other Long-Term Liabilities	1,239,000	1,228,000	1,039,000	1,078,000
Total Long-Term Liabilities	30,406,000	25,524,000	20,369,000	20,447,000
Total Liabilities	32,588,000	31,863,000	21,948,000	21,873,000
Common Stock	1,000	1,000	1,000	1,000
Treasury Stock	(2,288,000)	(1,766,000)	(1,706,000)	(1,706,000)
Additional Paid-in Capital	3,135,000	2,819,000	2,440,000	2,113,000
Accumulated Other Comprehensive Income	(110,000)	(442,000)	(98,000)	(267,000)
Retained Earnings	(10,606,000)	(7,862,000)	(2,621,000)	(3,914,000)
Total Common Shareholders' Equity	(9,868,000)	(6,250,000)	(1,984,000)	(3,773,000)
Minority Interests and Other	—	—	6,000	7,000
Total Shareholders' Equity	(9,679,000)	(6,283,000)	(1,978,000)	(3,766,000)
Total Liabilities and Shareholders' Equity	22,909,000	25,586,000	19,970,000	18,107,000

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	2,074,000	1,715,000	1,299,000	867,000
Depreciation & Amortization	367,000	312,000	268,000	253,000
Share-Based Compensation Expense	157,000	217,000	157,000	184,000
Other Adjustments	(2,000)	103,000	82,000	(65,000)
Changes in Trade Receivables	(212,000)	(84,000)	(212,000)	(190,000)
Changes in Inventories	(156,000)	(104,000)	(261,000)	(134,000)
Changes in Accounts Payable	38,000	(11,000)	12,000	(21,000)
Changes in Accrued Expenses	(79,000)	19,000	(94,000)	52,000
Changes in Income Taxes Payable	(94,000)	(62,000)	168,000	58,000
Changes in Other Operating Activities	(55,000)	(60,000)	(44,000)	(56,000)
Cash from Operating Activities	2,038,000	2,045,000	1,375,000	948,000
Capital Expenditure	(222,000)	(165,000)	(139,000)	(119,000)
Payments for Business Acquisitions	(419,000)	(2,347,000)	(762,000)	(437,000)
Other Investing Activities	46,000	71,000	1,000	3,000
Cash from Investing Activities	(595,000)	(2,441,000)	(900,000)	(553,000)
Issuance of Short-Term Debt	238,000	137,000	—	—
Repayments of Short-Term Debt	—	—	—	(200,000)
Net Issuance / (Repayments) of Short-Term Debt	238,000	137,000	—	(200,000)
Issuance of Long-Term Debt	11,107,000	14,188,000	9,742,000	—
Repayments of Long-Term Debt	(6,272,000)	(9,353,000)	(9,915,000)	(75,000)
Net Issuance / (Repayments) of Long-Term Debt	4,835,000	4,835,000	(173,000)	(75,000)
Issuance of Common Shares	166,000	245,000	215,000	132,000
Repurchases of Common Shares	(500,000)	—	—	(912,000)
Net Issuance / (Repurchases) of Common Shares	(334,000)	245,000	215,000	(780,000)
Common Share Dividends Paid	(9,629,000)	(2,038,000)	(38,000)	(1,091,000)
Other Financing Activities	(10,000)	(8,000)	(20,000)	(2,000)
Cash from Financing Activities	(4,900,000)	3,171,000	(16,000)	(2,148,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	4,000	14,000	12,000	(33,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(3,453,000)	2,789,000	471,000	(1,786,000)

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q2 2026	$2.54B	+18.3%	46.3%	$1.18B
Q1 2026	$2.29B	+13.9%	45.6%	$1.04B
Q4 2025	$2.44B	+11.5%	47.6%	$1.16B
Q3 2025	$2.24B	+9.3%	46.4%	$1.04B
Q2 2025	$2.15B	—	46.1%	$991M
Q1 2025	$2.01B	—	48.6%	$974M
Q4 2024	$2.19B	—	43.1%	$943M
Q3 2024	$2.05B	—	45.7%	$934M

Revenue by quarter$M

$2.05B

Q3 '24

$2.19B

Q4 '24

$2.01B

Q1 '25

$2.15B

Q2 '25

$2.24B

Q3 '25

$2.44B

Q4 '25

$2.29B

Q1 '26

$2.54B

Q2 '26

60.1%

Gross margin

47.2%

Operating margin

23.5%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-10

Snapshot

Financial statements

Quarterly trend

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