TransDigm Group Incorporated

TDG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002
Valuation
Market cap	$74,271	$80,078	$46,527	$28,463	$34,507	$26,250	$28,766	$20,569	$14,124	$15,974	$11,735	$10,506	$7,640	$7,635	$4,356	$3,284	$2,617	$1,638	$2,107	$1,085	–	–	–	$3
Enterprise value	$101,500	$98,723	$62,827	$45,282	$49,744	$41,568	$44,208	$31,373	$25,236	$24,582	$19,371	$17,159	$12,806	$10,813	$7,118	$4,821	$3,784	$2,836	$3,359	$1,948	–	–	–	$363
P/E (TTM) at period end	39.80×	54.07×	36.93×	36.49×	56.85×	51.07×	36.93×	22.83×	32.27×	27.38×	26.44×	58.27×	58.08×	23.73×	25.72×	24.67×	16.06×	12.30×	23.77×	43.18×	–	–	–	0.09×
P/S (TTM) at period end	8.41×	10.09×	7.07×	5.24×	7.19×	5.14×	5.51×	5.40×	4.03×	5.04×	4.34×	4.43×	3.97×	4.49×	3.61×	3.97×	3.44×	2.30×	3.55×	2.49×	–	–	–	0.01×
P/B at period end	–	–	–	–	–	–	–	–	–	–	–	–	–	6.26×	5.37×	5.54×	3.19×	2.51×	4.32×	2.99×	–	–	–	–
EV / EBITDA (TTM)	23.45×	26.83×	20.59×	19.43×	27.54×	22.29×	21.92×	18.33×	16.45×	18.75×	17.45×	17.87×	16.49×	14.95×	14.03×	12.75×	10.84×	9.08×	13.03×	9.30×	–	–	–	4.02×
EV / Sales (TTM)	11.49×	12.43×	9.54×	8.34×	10.37×	8.15×	8.46×	8.23×	7.20×	7.75×	7.16×	7.23×	6.65×	6.36×	5.90×	5.83×	4.97×	3.97×	5.67×	4.48×	–	–	–	1.46×
Returns
Return on equity	–	–	–	–	–	–	–	–	–	–	–	–	–	26.4%	20.9%	22.5%	19.9%	20.4%	18.2%	6.9%	10.4%	4.6%	(26.7%)	–
Return on invested capital	18.7%	22.1%	15.5%	13.0%	13.1%	13.6%	12.1%	17.9%	13.6%	12.2%	11.4%	12.5%	10.5%	10.6%	9.0%	11.1%	11.0%	10.4%	8.4%	8.2%	7.5%	6.7%	(6.7%)	–
Dividend yield	13.0%	2.5%	0.1%	3.8%	0.2%	7.3%	6.0%	0.3%	18.3%	0.0%	0.0%	13.8%	26.1%	0.0%	0.1%	12.3%	–	–	–	–	–	–	–	–
Financial health
Current ratio	3.21×	1.58×	4.27×	3.96×	4.23×	4.31×	3.16×	4.06×	2.45×	3.89×	2.72×	2.88×	4.09×	4.49×	4.21×	5.16×	4.96×	4.78×	5.44×	5.39×	1.85×	5.40×	–	–
Debt / equity	(3.02×)	(3.88×)	(9.78×)	(5.15×)	(6.74×)	(4.95×)	(5.72×)	(6.95×)	(3.88×)	(15.34×)	(7.85×)	(4.67×)	(17.04×)	2.97×	3.87×	2.99×	1.66×	2.08×	2.79×	2.55×	2.67×	3.01×	3.16×	(5.30×)
Effective tax rate	21.1%	22.6%	24.3%	23.2%	4.8%	11.8%	20.9%	2.4%	24.9%	23.7%	29.8%	31.6%	32.5%	33.4%	33.6%	34.8%	35.1%	35.6%	37.6%	39.4%	39.5%	32.9%	(250.1%)	332.4%
Share count
Diluted shares outstanding	58	58	57	58	58	57	56	56	56	56	57	57	55	54	53	53	53	50	49	47	47	46	7	0

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002
Revenue and gross profit
Revenue	$10,007	$8,831	$7,940	$6,585	$5,429	$4,798	$5,103	$5,223	$3,811	$3,504	$3,171	$2,707	$2,373	$1,924	$1,700	$1,206	$828	$762	$714	$593	$435	$374	$301	$293	$249
Cost of revenue	($4,046)	($3,520)	($3,268)	($2,743)	($2,330)	($2,285)	($2,456)	($2,414)	($1,634)	($1,520)	($1,443)	($1,257)	($1,105)	($875)	($754)	($545)	($355)	($332)	($328)	($296)	($220)	($196)	($156)	–	–
Gross profit	$5,961	$5,311	$4,672	$3,842	$3,099	$2,513	$2,647	$2,809	$2,177	$1,985	$1,728	$1,450	$1,268	$1,050	$946	$661	$473	$429	$386	$297	$215	$178	$145	–	–
Operating expenses
Research and development	–	($118)	($107)	($105)	($95)	($106)	($131)	($117)	($74)	($74)	($59)	($48)	($42)	($32)	($28)	($19)	($14)	($13)	($13)	($10)	($4)	($2)	($2)	–	–
Selling, general and administrative	($1,115)	($945)	($980)	($780)	($748)	($685)	($727)	($748)	($450)	($413)	($383)	($322)	($276)	($254)	($202)	($134)	($95)	($80)	($75)	($53)	($44)	($36)	($29)	($25)	($24)
Total operating expenses	($1,353)	($1,146)	($1,141)	($919)	($884)	($822)	($896)	($883)	($522)	($502)	($460)	($376)	($340)	($300)	($246)	($174)	($110)	($94)	($87)	($63)	($48)	($39)	($31)	–	–
Total costs and expenses	($5,399)	($4,666)	($4,409)	($3,662)	($3,214)	($3,107)	($3,352)	($3,297)	($2,156)	($2,021)	($1,904)	($1,633)	($1,445)	($1,175)	($1,000)	($719)	($465)	($426)	($414)	($359)	($268)	($235)	($187)	($371)	($165)
Operating income	$4,608	$4,165	$3,531	$2,923	$2,215	$1,691	$1,751	$1,926	$1,655	$1,483	$1,268	$1,074	$928	$749	$700	$487	$363	$335	$299	$234	$167	$139	$113	($78)	$84
Earnings
EBITDA	$4,787	$4,328	$3,680	$3,052	$2,331	$1,806	$1,865	$2,017	$1,712	$1,534	$1,311	$1,110	$960	$777	$723	$507	$378	$349	$313	$258	$210	$160	$136	($75)	$90
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($1,893)	($1,572)	($1,286)	($1,164)	($1,077)	($1,096)	($1,057)	($862)	($669)	($642)	($500)	($437)	($479)	($301)	($212)	($258)	($112)	($84)	($93)	($92)	($125)	($80)	($75)	–	–
Pre-tax income	$2,738	$2,629	$2,215	$1,716	$1,127	$715	$740	$1,063	$986	$837	$768	$637	$449	$448	$488	$229	$251	$251	$207	$142	$41	$57	$20	($120)	$47
Income tax expense	($608)	($555)	($500)	($417)	($261)	($34)	($87)	($222)	($24)	($209)	($182)	($190)	($142)	($146)	($163)	($77)	($87)	($88)	($73)	($53)	($16)	($23)	($7)	($301)	($158)
Net income	$2,129	$2,074	$1,714	$1,298	$866	$680	$699	$890	$957	$597	$586	$447	$307	$303	$325	$172	$163	$163	$133	$89	$25	$35	$14	($76)	$31
Per share
Diluted EPS (GAAP)	$32.96	$32.08	$25.62	$22.03	$13.40	$10.41	$8.96	$13.84	$16.20	$7.88	$10.39	$7.84	$3.16	$2.39	$5.97	$3.17	$2.52	$3.10	$2.65	$1.83	$0.53	$111.49	$44.01	($10.28)	$221.95
Basic EPS (GAAP)	$32.96	$32.08	$25.62	$22.03	$13.40	$10.41	$8.96	$13.84	$16.20	$7.88	$10.39	$7.84	$3.16	$2.39	$5.97	$3.17	$2.52	$3.10	$2.78	$1.94	$0.57	$117.40	$46.11	($10.28)	$255.67
Basic shares outstanding	58	58	58	57	58	58	57	56	56	56	56	57	57	55	54	53	53	53	48	46	44	44	44	7	0
Margins
Gross margin	59.6%	60.1%	58.8%	58.3%	57.1%	52.4%	51.9%	53.8%	57.1%	56.6%	54.5%	53.6%	53.4%	54.5%	55.6%	54.8%	57.2%	56.4%	54.1%	50.1%	49.4%	47.6%	48.1%	–	–
Operating margin	46.0%	47.2%	44.5%	44.4%	40.8%	35.2%	34.3%	36.9%	43.4%	42.3%	40.0%	39.7%	39.1%	38.9%	41.2%	40.4%	43.9%	44.0%	41.9%	39.4%	38.3%	37.2%	37.7%	(26.6%)	33.8%
Net margin	21.3%	23.5%	21.6%	19.7%	16.0%	14.2%	13.7%	17.0%	25.1%	17.0%	18.5%	16.5%	12.9%	15.7%	19.1%	14.3%	19.7%	21.4%	18.7%	15.0%	5.8%	9.3%	4.5%	(25.8%)	12.3%

Analyst consensus

Hold39 analysts

Bearish · 0 · Hold · 20 · Bullish · 19

Earnings history

	EPS	Estimate
Q4 2024	$9.83	$9.26	Beat
Q1 2025	$7.83	$7.83	Match
Q2 2025	$9.11	$8.96	Beat
Q3 2025	$9.60	$9.89	Miss
Q4 2025	$10.82	$10.04	Beat
Q1 2026	$8.23	$8.10	Beat
Q2 2026	$9.85	$9.46	Beat
Q3 2026	$10.87	$10.30	Beat

Peers

Company overview

IPO dateMar 15, 2006

CEOMichael J. Lisman

Employees16,500

SectorIndustrials

IndustryAerospace & Defense

CountryUS

ExchangeNew York Stock Exchange

Websitewww.transdigm.com

TransDigm Group Incorporated is a global aerospace enterprise specializing in the development, manufacturing, and distribution of a wide array of aircraft components. Operating across the United States and internationally, its business is structured around three distinct divisions. The Power & Control division focuses on critical systems, providing solutions such as electromechanical actuators and control mechanisms, engine ignition and related technologies, precision pumps and valves, power regulation equipment, specialized electric motors and generators, energy storage units, data communication and power management systems, diverse sensors, switching gear, and material handling equipment including hoists and cargo systems. This segment caters to a broad clientele, including engine and power system manufacturers, airlines, independent maintenance providers, governmental defense agencies, and aircraft repair facilities. The Airframe segment delivers structural and interior components. Its offerings encompass custom latching and locking mechanisms, structural rods and connectors, resilient sealing solutions, cockpit safety and display units, advanced audio, radio, and antenna technologies, restroom facilities, passenger safety restraints, bespoke interior panels and associated parts, thermal management and insulation products, illumination and control systems, and parachutes. Its customer base includes airframe constructors, cabin system integrators, commercial airlines, third-party maintenance organizations, military procurement offices, and overhaul centers. Beyond aviation, the Non-Aviation segment addresses diverse industrial needs. It supplies safety harnesses for ground vehicles, electromechanical actuators for space vehicles, hydraulic and electromechanical actuators and fuel valves for terrestrial gas turbines, specialized refueling systems for heavy machinery in sectors like mining and construction, and sophisticated turbine controls for the energy and petrochemical industries. This segment's clients span suppliers of off-road vehicles and their subsystems, manufacturers of child safety seats, providers of satellite and space systems, and producers of heavy industrial equipment. Established in 1993, TransDigm Group Incorporated maintains its headquarters in Cleveland, Ohio.

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