TransDigm Group INC TDG

Consumer discretionary SIC 3728 - Aircraft Parts & Auxiliary Equipment, NEC NAICS Manufacturing › Transportation Equipment Manufacturing › Aerospace Product and Parts Manufacturing › Other Aircraft Parts and Auxiliary Equipment Manufacturing derived NYSE

TD Group, through its wholly-owned subsidiary, TransDigm Inc., is a leading global designer, producer and supplier of highly engineered aircraft components that are critical to the safe and effective operation of nearly all commercial and military aircraft worldwide. Our products are represented in nearly every commercial and military aircraft in service today. Our business is well diversified due to the broad range of products we offer to our customers. We estimate that approximately 90% of our net sales for fiscal year 2025 were generated by proprietary products.

Most of our products generate significant aftermarket revenue. Once our parts are designed into and sold on a new aircraft, we generate net sales from aftermarket consumption over the life of that aircraft, which is generally estimated to be approximately 25 to 30 years. A typical platform can be produced for 20 to 30 years, giving us an estimated product life cycle in excess of 50 years. We estimate that approximately 55% of our net sales in fiscal year 2025 were generated from the aftermarket, the vast majority of which come from the commercial and military aftermarkets. Historically, these aftermarket revenues have produced a higher gross profit and have been more stable than net sales to original equipment manufacturers ("OEMs").

Last close 1,104.84 2026-10-23
Market cap $61.07B 2026-06-27 share count
52-week range 1,071.25 - 1,463.03

Valuation FY2025 figures against the last close

P/S6.9x
P/E34.4x
P/FCF33.6x
EV/EBITDA19.3x
Dividend yield0.3%
Diluted EPS32.08

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Non-US
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 5.5B (62.7%) 63% United States Non-US, FY2025: 3.3B (37.3%) 37% Non-US FY2024 United States, FY2024: 5B (63.4%) 63% Non-US, FY2024: 2.9B (36.6%) 37% FY2023 United States, FY2023: 4.3B (64.8%) 65% Non-US, FY2023: 2.3B (35.2%) 35%
Region FY2025FY2024FY2023
United States $5.54B $5.03B $4.26B
Non-US $3.30B $2.91B $2.32B

As the company reported it, from the “SEGMENTS - Geographic Information (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.83B$7.94B$6.58B$5.43B$4.80B$5.10B$5.22B$3.81B$3.50B$3.17B
Cost of revenue $3.52B$3.27B$2.74B$2.33B$2.29B$2.46B$2.41B$1.63B$1.52B$1.44B
Gross profit $5.31B$4.67B$3.84B$3.10B$2.51B$2.65B$2.81B$2.18B$1.98B$1.73B
R&D $118.0M$107.0M$105.0M$95.0M$106.0M$130.9M$116.8M$73.8M$73.8M$58.6M
SG&A $945.0M$980.0M$780.0M$748.0M$685.0M$727.0M$748.0M$450.0M$412.6M$382.9M
Operating income $4.17B$3.53B$2.92B$2.21B$1.69B$1.75B$1.93B$1.66B$1.48B$1.27B
Interest expense $1.57B$1.29B$1.16B$1.08B$1.06B$1.03B$859.0M$663.0M$602.6M$483.9M
Pre-tax income $2.63B$2.21B$1.72B$1.13B$715.0M$740.0M$1.06B$986.0M$837.4M$768.1M
Income tax $555.0M$500.0M$417.0M$261.0M$34.0M$87.0M$222.0M$24.0M$208.9M$181.7M
Net income $2.07B$1.71B$1.30B$866.0M$680.0M$699.0M$890.0M$957.0M$596.9M$586.4M
EPS, basic 32.0825.6222.0313.4010.418.96————
EPS, diluted 32.0825.6222.0313.4010.418.9613.8416.207.8810.39
Shares, diluted (wtd. avg.) 58.2M57.8M57.2M58.2M58.4M57.3M53.1M52.3M52.5M53.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.81B$6.26B$3.47B$3.00B$4.79B$4.72B$1.47B$2.07B$651.0M$1.59B
Receivables $1.62B$1.38B$1.23B$967.0M$791.0M$720.0M$1.07B$704.3M$636.1M$576.3M
Inventory $2.10B$1.88B$1.62B$1.33B$1.19B$1.28B$1.23B$805.3M$730.7M$724.0M
Total current assets $7.01B$10.03B$6.74B$5.65B$7.03B$6.96B$4.87B$3.66B$2.13B$2.93B
Property, plant and equipment $1.58B$1.49B$1.25B$807.0M$770.0M$752.0M$757.0M$388.3M$324.9M$310.6M
Goodwill $10.61B$10.42B$8.99B$8.64B$8.57B$7.89B$7.82B$6.22B$5.75B$5.68B
Other intangibles $3.45B$3.45B$2.75B$2.75B$2.79B$2.61B$2.74B$1.79B$1.72B$1.76B
Total assets $22.91B$25.59B$19.97B$18.11B$19.32B$18.39B$16.25B$12.20B$9.98B$10.73B
Accounts payable $368.0M$323.0M$305.0M$279.0M$227.0M$218.0M$276.0M$173.6M$148.8M$156.1M
Short-term debt $124.0M$98.0M$71.0M$76.0M$277.0M$276.0M$80.0M$75.8M$69.5M$52.6M
Total current liabilities $2.18B$6.34B$1.58B$1.43B$1.66B$1.62B$1.54B$900.4M$871.0M$752.6M
Long-term debt $29.29B$24.39B$19.40B$19.45B$19.65B$19.66B$16.47B$12.50B$11.39B$9.94B
Total liabilities $32.59B$31.87B$21.95B$21.87B$22.23B$22.36B$19.14B$14.01B$12.93B$11.38B
Retained earnings -$10.61B-$7.36B-$2.62B-$3.91B-$3.71B-$4.36B-$3.12B-$2.25B-$3.19B-$1.15B
Total equity -$9.69B-$6.29B-$1.98B-$3.77B-$2.91B-$3.97B-$2.88B-$1.81B-$2.95B-$651.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.04B$2.04B$1.38B$948.0M$913.0M$1.21B$1.01B$1.02B$788.7M$683.3M
Depreciation and amortisation $367.0M$312.0M$268.0M$253.0M$253.0M$283.0M$226.0M$129.0M$141.0M$121.7M
Stock-based compensation $152.0M$188.0M$135.0M$153.0M$129.0M$93.0M$93.0M$58.5M$45.5M$48.3M
Capital expenditure $222.0M$165.0M$139.0M$119.0M$105.0M$105.0M$102.0M$73.0M$71.0M$44.0M
Investing cash flow -$595.0M-$2.44B-$900.0M-$553.0M-$785.0M$799.0M-$3.89B-$684.0M-$287.0M-$1.44B
Financing cash flow -$4.90B$3.17B-$16.0M-$2.15B-$70.0M$1.23B$2.27B$1.09B-$1.44B$1.63B
Dividends paid $159.0M$2.04B$38.0M$1.09B$73.0M$1.93B$1.71B$56.0M$2.58B$3.0M
Buybacks $500.0M$0$0$912.0M$0$19.0M$0$0$389.8M$207.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001260221-25-000081.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 3.2B Gross profit, FY2016: 1.7B Net income, FY2016: 586.4M Revenue, FY2017: 3.5B Gross profit, FY2017: 2B Net income, FY2017: 596.9M Revenue, FY2018: 3.8B Gross profit, FY2018: 2.2B Net income, FY2018: 957M Revenue, FY2019: 5.2B Gross profit, FY2019: 2.8B Net income, FY2019: 890M Revenue, FY2020: 5.1B Gross profit, FY2020: 2.6B Net income, FY2020: 699M Revenue, FY2021: 4.8B Gross profit, FY2021: 2.5B Net income, FY2021: 680M Revenue, FY2022: 5.4B Gross profit, FY2022: 3.1B Net income, FY2022: 866M Revenue, FY2023: 6.6B Gross profit, FY2023: 3.8B Net income, FY2023: 1.3B Revenue, FY2024: 7.9B Gross profit, FY2024: 4.7B Net income, FY2024: 1.7B Revenue, FY2025: 8.8B Gross profit, FY2025: 5.3B Net income, FY2025: 2.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.17B $3.50B $3.81B $5.22B $5.10B $4.80B $5.43B $6.58B $7.94B $8.83B
Gross profit $1.73B $1.98B $2.18B $2.81B $2.65B $2.51B $3.10B $3.84B $4.67B $5.31B
Net income $586.4M $596.9M $957.0M $890.0M $699.0M $680.0M $866.0M $1.30B $1.71B $2.07B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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