Transdigm Group (TDG) Financials

$1,201.25 +10.06 (+0.84%)

Closing price 05/13/2026 03:59 PM Eastern

Extended Trading

$1,204.68 +3.43 (+0.29%)

As of 07:06 AM Eastern

Annual Income Statements for Transdigm Group

This table shows Transdigm Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	447	583	597	957	890	699	680	866	1,298	1,714	2,074
Consolidated Net Income / (Loss)	447	586	597	957	892	700	681	867	1,299	1,715	2,074
Net Income / (Loss) Continuing Operations	447	586	629	962	841	653	681	866	1,299	1,715	2,074
Total Pre-Tax Income	637	768	837	986	1,063	740	715	1,127	1,716	2,215	2,629
Total Operating Income	1,074	1,268	1,483	1,655	1,926	1,751	1,691	2,215	2,923	3,531	4,165
Total Gross Profit	1,450	1,728	1,985	2,177	2,809	2,647	2,513	3,099	3,842	4,672	5,311
Total Revenue	2,707	3,171	3,504	3,811	5,223	5,103	4,798	5,429	6,585	7,940	8,831
Operating Revenue	2,707	3,171	3,504	3,811	5,223	5,103	4,798	5,429	6,585	7,940	8,831
Total Cost of Revenue	1,257	1,443	1,520	1,634	2,414	2,456	2,285	2,330	2,743	3,268	3,520
Operating Cost of Revenue	1,257	1,443	1,520	1,634	2,414	2,456	2,285	2,330	2,743	3,268	3,520
Total Operating Expenses	376	460	502	522	883	896	822	884	919	1,141	1,146
Selling, General & Admin Expense	322	383	413	450	748	727	685	748	780	980	945
Amortization Expense	54	77	89	72	135	169	137	136	139	161	201
Total Other Income / (Expense), net	-437	-500	-645	-669	-863	-1,011	-976	-1,088	-1,207	-1,316	-1,536
Interest Expense	437	500	642	669	862	1,057	1,096	1,077	1,220	1,344	1,583
Other Income / (Expense), net	-	-	-3.02	0.00	-1.00	46	120	-11	13	28	47
Income Tax Expense	190	182	209	24	222	87	34	261	417	500	555
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	2.00	1.00	1.00	1.00	1.00	1.00	0.00
Weighted Average Basic Shares Outstanding	56.61M	56.16M	55.53M	55.60M	56.30M	57.30M	58.40M	58.20M	57.20M	57.80M	58.20M
Weighted Average Diluted Shares Outstanding	56.61M	56.16M	55.53M	55.60M	56.30M	57.30M	58.40M	58.20M	57.20M	57.80M	58.20M
Weighted Average Basic & Diluted Shares Outstanding	56.61M	56.16M	55.53M	55.60M	56.30M	57.30M	58.40M	54.37M	55.31M	56.23M	56.32M
Cash Dividends to Common per Share	$0.00	$0.00	$46.00	$0.00	$30.00	$32.50	$0.00	$18.50	$0.00	$110.00	$90.00

This table shows Transdigm Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/30/2024	12/28/2024	3/29/2025	6/28/2025	9/30/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	415	382	403	461	468	493	479	492	610	445	535
Consolidated Net Income / (Loss)	414	382	404	461	468	493	479	493	609	445	536
Net Income / (Loss) Continuing Operations	414	382	404	461	468	493	479	493	609	445	536
Total Pre-Tax Income	549	488	519	602	606	619	622	635	753	572	700
Total Operating Income	855	787	867	934	943	974	991	1,039	1,161	1,042	1,178
Total Gross Profit	1,091	1,042	1,152	1,220	1,258	1,235	1,274	1,332	1,470	1,352	1,511
Total Revenue	1,852	1,789	1,919	2,046	2,186	2,006	2,150	2,237	2,438	2,285	2,544
Operating Revenue	1,852	1,789	1,919	2,046	2,186	2,006	2,150	2,237	2,438	2,285	2,544
Total Cost of Revenue	761	747	767	826	928	771	876	905	968	933	1,033
Operating Cost of Revenue	761	747	767	826	928	771	876	905	968	933	1,033
Total Operating Expenses	236	255	285	286	315	261	283	293	309	310	333
Selling, General & Admin Expense	203	220	248	248	264	211	236	242	256	254	273
Amortization Expense	33	35	37	38	51	50	47	51	53	56	60
Total Other Income / (Expense), net	-306	-299	-348	-332	-337	-355	-369	-404	-408	-470	-478
Interest Expense	307	300	354	346	344	378	378	404	423	475	484
Other Income / (Expense), net	1.00	1.00	6.00	14	7.00	23	9.00	0.00	15	5.00	6.00
Income Tax Expense	135	106	115	141	138	126	143	142	144	127	164
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	0.00	1.00	0.00	-	0.00	0.00	1.00	-1.00	0.00	1.00
Basic Earnings per Share	$7.24	$4.87	$6.97	$7.96	$5.82	$7.62	$8.24	$8.47	-	$6.62	$9.20
Weighted Average Basic Shares Outstanding	57.20M	57.70M	57.80M	57.90M	57.80M	58.30M	58.10M	58.10M	58.20M	58.20M	58.20M
Diluted Earnings per Share	$7.24	$4.87	$6.97	$7.96	$5.82	$7.62	$8.24	$8.47	-	$6.62	$9.20
Weighted Average Diluted Shares Outstanding	57.20M	57.70M	57.80M	57.90M	57.80M	58.30M	58.10M	58.10M	58.20M	58.20M	58.20M
Weighted Average Basic & Diluted Shares Outstanding	55.31M	55.61M	55.96M	56.11M	56.23M	56.08M	56.17M	56.35M	56.32M	56.47M	55.93M

This table details how cash moves in and out of Transdigm Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	-569	873	-936	1,422	-606	3,250	70	-1,786	471	2,789	-3,453
Net Cash From Operating Activities	120	683	789	1,022	1,015	1,213	913	948	1,375	2,045	2,038
Net Cash From Continuing Operating Activities	120	683	792	1,023	1,015	1,213	913	948	1,375	2,045	2,038
Net Income / (Loss) Continuing Operations	0.00	586	597	957	841	653	681	866	1,299	1,715	2,074
Consolidated Net Income / (Loss)	-	586	597	957	892	700	681	867	1,299	1,715	2,074
Depreciation Expense	36	43	51	57	91	114	115	116	129	149	163
Amortization Expense	58	94	132	101	202	202	178	174	148	189	252
Non-Cash Adjustments To Reconcile Net Income	50	64	117	60	91	107	29	105	227	284	117
Changes in Operating Assets and Liabilities, net	-24	-105	-104	-152	-210	137	-90	-313	-428	-292	-568
Net Cash From Investing Activities	-1,679	-1,443	-287	-684	-3,889	799	-785	-553	-900	-2,441	-595
Net Cash From Continuing Investing Activities	-1,679	-1,443	-287	-684	-3,889	799	-785	-553	-900	-2,441	-595
Purchase of Property, Plant & Equipment	-55	-44	-71	-73	-102	-105	-105	-119	-139	-165	-222
Acquisitions	-1,624	-1,399	-216	-668	-3,976	0.00	-963	-437	-762	-2,347	-419
Divestitures	-	-	-	57	189	904	259	3.00	1.00	71	46
Net Cash From Financing Activities	993	1,632	-1,444	1,086	2,271	1,230	-70	-2,148	-16	3,171	-4,900
Net Cash From Continuing Financing Activities	993	1,632	-1,444	1,086	2,271	1,230	-70	-2,148	-16	3,171	-4,900
Repayment of Debt	-1,027	-838	-1,831	-12,185	-628	-1,253	-2,257	-277	-6,431	-1,988	-5,788
Repurchase of Common Equity	0.00	-208	-390	0.00	0.00	-19	0.00	-912	0.00	0.00	-500
Payment of Dividends	-3.37	-3.00	-2,582	-56	-1,712	-1,928	-73	-1,091	-38	-2,038	-9,629
Issuance of Debt	1,961	2,651	3,338	13,269	4,529	4,314	2,132	0.00	6,238	6,952	10,851
Other Financing Activities, net	62	30	21	58	82	116	128	132	215	245	166
Other Net Changes in Cash	-	-	-	-	-	8.00	12	-33	12	14	4.00
Cash Interest Paid	-	449	588	635	878	923	1,008	1,057	1,160	1,158	1,481
Cash Income Taxes Paid	127	183	185	129	215	223	83	220	260	539	640

This table details how cash moves in and out of Transdigm Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/30/2024	12/28/2024	3/29/2025	6/28/2025	9/30/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	401	663	703	-1,478	2,901	-3,802	-33	366	16	-280	1,356
Net Cash From Operating Activities	462	636	229	608	572	752	148	631	507	832	135
Net Cash From Continuing Operating Activities	462	636	229	608	572	752	148	631	507	832	135
Net Income / (Loss) Continuing Operations	414	382	404	462	467	493	479	493	609	445	536
Consolidated Net Income / (Loss)	414	382	404	462	467	493	479	493	609	445	536
Depreciation Expense	36	36	35	37	41	40	41	40	42	44	44
Amortization Expense	37	42	38	46	63	59	77	63	65	67	73
Non-Cash Adjustments To Reconcile Net Income	34	65	79	65	75	6.00	28	73	30	27	26
Changes in Operating Assets and Liabilities, net	-59	111	-327	-2.00	-74	154	-477	-38	-239	249	-544
Net Cash From Investing Activities	-48	-50	-121	-1,568	-702	-24	-167	-158	-246	-973	-164
Net Cash From Continuing Investing Activities	-48	-50	-121	-1,568	-702	-24	-167	-158	-246	-973	-164
Purchase of Property, Plant & Equipment	-37	-36	-48	-40	-41	-42	-56	-58	-66	-60	-71
Acquisitions	-12	-14	-73	-1,599	-661	-29	-111	-99	-180	-907	-93
Net Cash From Financing Activities	-5.00	67	601	-516	3,019	-4,516	-24	-129	-231	-141	1,390
Net Cash From Continuing Financing Activities	-5.00	67	601	-516	3,019	-4,516	-24	-129	-231	-141	1,390
Repayment of Debt	-4,211	-18	-6,116	2,124	2,022	-2.00	-25	-2,671	-3,090	-5.00	-29
Repurchase of Common Equity	-	0.00	-	-	-	-316	-53	-131	-	-106	-615
Issuance of Debt	4,170	2,071	6,604	-2,688	965	163	-	2,615	8,073	0.00	1,980
Other Financing Activities, net	36	52	113	48	32	35	54	58	19	29	54
Cash Interest Paid	352	205	340	232	381	162	435	311	573	185	658
Cash Income Taxes Paid	29	11	339	122	67	37	335	132	136	58	259

This table presents Transdigm Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	8,304	10,726	9,976	12,197	16,255	18,395	19,315	18,107	19,970	25,586	22,909
Total Current Assets	1,787	2,931	2,134	3,657	4,865	6,960	7,030	5,649	6,738	10,029	7,012
Cash & Equivalents	714	1,587	651	2,073	1,467	4,717	4,787	3,001	3,472	6,261	2,808
Accounts Receivable	444	576	636	704	1,068	720	791	967	1,230	1,381	1,617
Inventories, net	591	724	731	805	1,233	1,283	1,185	1,332	1,616	1,876	2,095
Prepaid Expenses	37	43	39	75	135	240	267	349	420	511	492
Plant, Property, & Equipment, net	261	311	325	388	757	752	770	807	1,255	1,488	1,579
Total Noncurrent Assets	6,257	7,485	7,517	8,152	10,633	10,683	11,515	11,651	11,977	14,069	14,318
Goodwill	4,686	5,679	5,745	6,223	7,820	7,889	8,568	8,641	8,988	10,419	10,612
Intangible Assets	1,540	1,764	1,718	1,788	2,744	2,610	2,791	2,750	2,747	3,446	3,454
Other Noncurrent Operating Assets	31	41	54	140	69	167	156	260	242	204	252
Total Liabilities & Shareholders' Equity	8,304	10,726	9,976	12,197	16,255	18,395	19,315	18,107	19,970	25,586	22,909
Total Liabilities	9,342	11,378	12,927	14,006	19,139	22,363	22,225	21,873	21,948	31,869	32,588
Total Current Liabilities	658	753	871	900	1,538	1,616	1,663	1,426	1,579	6,339	2,182
Short-Term Debt	243	252	369	375	430	625	626	426	420	584	848
Accounts Payable	143	156	149	174	276	218	227	279	305	323	368
Accrued Expenses	272	344	336	351	675	773	810	721	854	1,216	966
Total Noncurrent Liabilities	8,685	10,625	12,056	13,106	17,601	20,747	20,562	20,447	20,369	25,530	30,406
Long-Term Debt	8,106	9,943	11,394	12,502	16,469	19,384	19,372	19,369	19,330	24,296	29,167
Noncurrent Deferred & Payable Income Tax Liabilities	405	492	501	399	441	430	485	596	627	766	759
Other Noncurrent Operating Liabilities	173	190	161	204	691	933	705	482	412	468	480
Total Equity & Noncontrolling Interests	-1,038	-651	-2,951	-1,808	-2,884	-3,968	-2,910	-3,766	-1,978	-6,283	-9,679
Total Preferred & Common Equity	-1,038	-651	-2,951	-1,808	-2,894	-3,972	-2,916	-3,773	-1,984	-6,290	-9,686
Total Common Equity	-1,038	-651	-2,951	-1,808	-2,894	-3,972	-2,916	-3,773	-1,984	-6,290	-9,686
Common Stock	951	1,030	1,096	1,209	1,380	1,582	1,831	2,114	2,441	2,820	3,136
Retained Earnings	-1,717	-1,147	-3,187	-2,247	-3,120	-4,359	-3,705	-3,914	-2,621	-7,362	-10,606
Treasury Stock	-176	-384	-775	-775	-775	-794	-794	-1,706	-1,706	-1,706	-2,206
Accumulated Other Comprehensive Income / (Loss)	-96	-150	-85	4.10	-379	-401	-248	-267	-98	-42	-10
Noncontrolling Interest	-	-	-	0.00	10	4.00	6.00	7.00	6.00	7.00	7.00

This table presents Transdigm Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/30/2024	12/28/2024	3/29/2025	6/28/2025	12/27/2025	3/28/2026
Total Assets	19,555	19,970	20,685	21,577	21,828	25,586	21,515	21,905	22,700	23,757	25,442
Total Current Assets	6,252	6,738	7,396	8,282	7,061	10,029	6,156	6,408	6,915	6,971	8,579
Cash & Equivalents	3,071	3,472	4,135	4,288	3,360	6,261	2,459	2,426	2,792	2,528	3,884
Accounts Receivable	1,159	1,230	1,145	1,201	1,300	1,381	1,285	1,442	1,518	1,564	1,720
Inventories, net	1,603	1,616	1,708	1,753	1,878	1,876	1,930	2,010	2,083	2,373	2,400
Prepaid Expenses	419	420	408	490	523	511	482	530	522	506	575
Plant, Property, & Equipment, net	983	1,255	1,335	1,288	1,431	1,488	1,477	1,519	1,540	1,653	1,678
Total Noncurrent Assets	12,320	11,977	11,954	12,007	13,336	14,069	13,882	13,978	14,245	15,133	15,185
Goodwill	9,141	8,988	9,036	9,051	10,018	10,419	10,304	10,355	10,548	11,075	11,038
Intangible Assets	2,945	2,747	2,733	2,709	3,116	3,446	3,360	3,422	3,462	3,783	3,844
Other Noncurrent Operating Assets	234	242	185	247	202	204	218	201	235	275	303
Total Liabilities & Shareholders' Equity	19,555	19,970	20,685	21,577	21,828	25,586	21,515	21,905	22,700	23,757	25,442
Total Liabilities	21,942	21,948	24,191	24,599	24,338	31,869	27,766	27,569	27,696	33,020	34,836
Total Current Liabilities	1,533	1,579	1,818	2,235	1,851	6,339	2,284	2,074	2,211	2,535	2,440
Short-Term Debt	417	420	530	1,075	528	584	747	743	744	849	853
Accounts Payable	292	305	288	302	320	323	315	319	328	385	425
Accrued Expenses	824	854	1,000	858	1,003	1,216	1,222	1,012	1,139	1,301	1,162
Total Noncurrent Liabilities	20,409	20,369	22,373	22,364	22,487	25,530	25,482	25,495	25,485	30,485	32,396
Long-Term Debt	19,348	19,330	21,346	21,331	21,364	24,296	24,302	24,306	24,268	29,197	31,150
Noncurrent Deferred & Payable Income Tax Liabilities	619	627	611	606	708	766	762	761	766	721	715
Other Noncurrent Operating Liabilities	442	412	416	427	415	468	418	428	451	567	531
Total Equity & Noncontrolling Interests	-2,387	-1,978	-3,506	-3,022	-2,510	-6,283	-6,251	-5,664	-4,996	-9,263	-9,394
Total Preferred & Common Equity	-2,394	-1,984	-3,513	-3,029	-2,518	-6,290	-6,258	-5,671	-5,004	-9,270	-9,402
Total Common Equity	-2,394	-1,984	-3,513	-3,029	-2,518	-6,290	-6,258	-5,671	-5,004	-9,270	-9,402
Common Stock	2,376	2,441	2,519	2,665	2,750	2,820	2,888	2,982	3,078	3,188	3,297
Retained Earnings	-3,034	-2,621	-4,266	-3,870	-3,416	-7,362	-6,877	-6,407	-5,924	-10,168	-9,639
Treasury Stock	-1,706	-1,706	-1,706	-1,706	-1,706	-1,706	-2,022	-2,075	-2,206	-2,312	-3,040
Accumulated Other Comprehensive Income / (Loss)	-30	-98	-60	-118	-146	-42	-247	-171	48	22	-20
Noncontrolling Interest	7.00	6.00	7.00	7.00	8.00	7.00	7.00	7.00	8.00	7.00	8.00

This table displays calculated financial ratios and metrics derived from Transdigm Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.08%	17.15%	10.50%	8.75%	37.05%	-2.30%	-5.98%	13.15%	21.29%	20.58%	11.22%
EBITDA Growth	14.01%	20.38%	18.28%	9.05%	22.34%	-4.73%	-0.43%	18.54%	28.83%	21.29%	18.73%
EBIT Growth	15.76%	18.04%	16.73%	11.84%	16.31%	-6.65%	0.78%	21.70%	33.21%	21.22%	18.35%
NOPAT Growth	18.79%	28.33%	14.99%	45.08%	-5.63%	1.40%	4.24%	5.68%	30.00%	23.56%	20.18%
Net Income Growth	45.71%	31.13%	1.79%	60.33%	-6.79%	-21.52%	-2.71%	27.31%	49.83%	32.02%	20.93%
EPS Growth	148.10%	32.53%	-24.16%	105.58%	-14.57%	-35.26%	16.18%	28.72%	64.40%	16.30%	0.00%
Operating Cash Flow Growth	-56.07%	469.92%	15.43%	29.57%	-0.68%	19.51%	-24.73%	3.83%	45.04%	48.73%	-0.34%
Free Cash Flow Firm Growth	-352.85%	47.42%	347.30%	-25.77%	-270.01%	260.54%	-67.74%	53.89%	-3.52%	-48.77%	379.26%
Invested Capital Growth	29.42%	20.61%	1.80%	11.05%	30.54%	-3.57%	8.63%	5.91%	9.76%	15.75%	5.90%
Revenue Q/Q Growth	6.60%	2.11%	1.41%	3.40%	10.39%	-6.73%	2.24%	4.46%	5.48%	4.39%	2.94%
EBITDA Q/Q Growth	5.07%	4.70%	5.83%	0.77%	7.80%	-9.93%	13.12%	1.88%	7.14%	2.39%	5.21%
EBIT Q/Q Growth	5.33%	2.92%	4.15%	2.76%	8.85%	-12.89%	12.69%	4.31%	7.94%	2.71%	5.67%
NOPAT Q/Q Growth	5.51%	3.96%	4.48%	4.18%	11.69%	-10.62%	-3.76%	4.91%	8.60%	3.17%	6.89%
Net Income Q/Q Growth	6.53%	2.27%	-0.20%	-12.92%	60.88%	-27.61%	22.92%	6.91%	12.96%	3.25%	7.29%
EPS Q/Q Growth	8.44%	2.57%	-12.74%	18.25%	3.83%	-26.26%	0.00%	0.00%	17.62%	-5.25%	0.00%
Operating Cash Flow Q/Q Growth	-60.89%	36.18%	165.23%	-26.12%	-7.65%	-2.02%	7.92%	-1.66%	15.94%	5.68%	-3.09%
Free Cash Flow Firm Q/Q Growth	-51.49%	23.91%	70.15%	-13.96%	51.93%	-39.88%	-0.29%	3.91%	23.21%	-48.46%	23.39%
Invested Capital Q/Q Growth	4.98%	2.93%	-1.53%	0.63%	-8.61%	0.11%	-0.39%	-0.04%	-0.05%	3.31%	1.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.56%	54.49%	56.63%	57.12%	53.78%	51.87%	52.38%	57.08%	58.34%	58.84%	60.14%
EBITDA Margin	43.13%	44.32%	47.44%	47.57%	42.47%	41.41%	43.85%	45.94%	48.79%	49.08%	52.40%
Operating Margin	39.67%	39.97%	42.32%	43.43%	36.88%	34.31%	35.24%	40.80%	44.39%	44.47%	47.16%
EBIT Margin	39.67%	39.97%	42.23%	43.43%	36.86%	35.21%	37.74%	40.60%	44.59%	44.82%	47.70%
Profit (Net Income) Margin	16.52%	18.49%	17.03%	25.11%	17.08%	13.72%	14.19%	15.97%	19.73%	21.60%	23.49%
Tax Burden Percent	70.23%	76.34%	71.28%	97.06%	83.91%	94.59%	95.24%	76.93%	75.70%	77.43%	78.89%
Interest Burden Percent	59.29%	60.59%	56.59%	59.58%	55.22%	41.18%	39.48%	51.13%	58.45%	62.24%	62.42%
Effective Tax Rate	29.77%	23.66%	24.94%	2.43%	20.88%	11.76%	4.76%	23.16%	24.30%	22.57%	21.11%
Return on Invested Capital (ROIC)	12.90%	13.30%	13.86%	18.89%	14.69%	13.40%	13.63%	13.44%	16.19%	17.72%	19.28%
ROIC Less NNEP Spread (ROIC-NNEP)	8.60%	8.60%	8.61%	12.87%	9.73%	7.75%	7.54%	8.22%	10.67%	12.51%	14.44%
Return on Net Nonoperating Assets (RNNOA)	-47.37%	-82.71%	-47.00%	-59.10%	-52.71%	-33.83%	-33.44%	-39.41%	-61.42%	-59.24%	-45.27%
Return on Equity (ROE)	-34.48%	-69.41%	-33.14%	-40.21%	-38.02%	-20.43%	-19.80%	-25.97%	-45.23%	-41.52%	-25.99%
Cash Return on Invested Capital (CROIC)	-12.75%	-5.39%	12.07%	8.42%	-11.80%	17.03%	5.36%	7.70%	6.88%	3.12%	13.55%
Operating Return on Assets (OROA)	14.26%	13.32%	14.30%	14.93%	13.53%	10.37%	9.60%	11.78%	15.42%	15.62%	17.37%
Return on Assets (ROA)	5.94%	6.16%	5.77%	8.63%	6.27%	4.04%	3.61%	4.63%	6.82%	7.53%	8.55%
Return on Common Equity (ROCE)	-34.48%	-69.41%	-33.14%	-40.21%	-38.10%	-20.47%	-19.83%	-26.02%	-45.33%	-41.59%	-26.01%
Return on Equity Simple (ROE_SIMPLE)	-43.07%	-90.01%	-20.23%	-52.92%	-30.82%	-17.62%	-23.35%	-22.98%	-65.47%	-27.27%	0.00%
Net Operating Profit after Tax (NOPAT)	754	968	1,113	1,615	1,524	1,545	1,611	1,702	2,213	2,734	3,286
NOPAT Margin	27.86%	30.52%	31.76%	42.37%	29.17%	30.28%	33.57%	31.35%	33.60%	34.43%	37.21%
Net Nonoperating Expense Percent (NNEP)	4.30%	4.70%	5.25%	6.02%	4.97%	5.65%	6.10%	5.22%	5.53%	5.21%	4.84%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	16.16%
Cost of Revenue to Revenue	46.44%	45.51%	43.37%	42.88%	46.22%	48.13%	47.62%	42.92%	41.66%	41.16%	39.86%
SG&A Expenses to Revenue	11.88%	12.07%	11.77%	11.81%	14.32%	14.25%	14.28%	13.78%	11.85%	12.34%	10.70%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.88%	14.51%	14.32%	13.70%	16.91%	17.56%	17.13%	16.28%	13.96%	14.37%	12.98%
Earnings before Interest and Taxes (EBIT)	1,074	1,268	1,480	1,655	1,925	1,797	1,811	2,204	2,936	3,559	4,212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,168	1,406	1,663	1,813	2,218	2,113	2,104	2,494	3,213	3,897	4,627
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.96	3.42	3.17	4.31	4.71	4.73	6.73	4.79	6.45	9.55	8.41
Price to Earnings (P/E)	17.93	18.61	18.62	17.15	27.67	34.56	47.47	30.03	32.75	44.25	35.81
Dividend Yield	0.00%	0.00%	21.48%	0.00%	6.50%	14.03%	0.00%	3.86%	0.00%	2.59%	12.52%
Earnings Yield	5.58%	5.37%	5.37%	5.83%	3.61%	2.89%	2.11%	3.33%	3.05%	2.26%	2.79%
Enterprise Value to Invested Capital (EV/IC)	2.37	2.45	2.74	3.03	3.41	3.48	3.86	3.29	4.11	5.71	5.79
Enterprise Value to Revenue (EV/Rev)	5.78	6.14	6.34	7.14	7.67	7.73	9.90	7.88	8.93	11.90	11.49
Enterprise Value to EBITDA (EV/EBITDA)	13.41	13.85	13.37	15.01	18.06	18.67	22.58	17.16	18.30	24.24	21.93
Enterprise Value to EBIT (EV/EBIT)	14.58	15.36	15.02	16.44	20.81	21.95	26.23	19.42	20.02	26.54	24.09
Enterprise Value to NOPAT (EV/NOPAT)	20.76	20.12	19.97	16.85	26.30	25.53	29.49	25.15	26.57	34.56	30.89
Enterprise Value to Operating Cash Flow (EV/OCF)	130.57	28.49	28.18	26.63	39.48	32.52	52.03	45.15	42.76	46.20	49.80
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	22.93	37.82	0.00	20.09	74.97	43.90	62.50	196.03	43.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-8.04	-15.65	-3.99	-7.12	-5.86	-5.04	-6.87	-5.26	-9.98	-3.96	-3.10
Long-Term Debt to Equity	-7.81	-15.26	-3.86	-6.91	-5.71	-4.89	-6.66	-5.14	-9.77	-3.87	-3.01
Financial Leverage	-5.51	-9.61	-5.46	-4.59	-5.42	-4.37	-4.43	-4.79	-5.76	-4.73	-3.14
Leverage Ratio	-5.81	-11.26	-5.75	-4.66	-6.06	-5.06	-5.48	-5.61	-6.63	-5.51	-3.04
Compound Leverage Factor	-3.44	-6.82	-3.25	-2.78	-3.35	-2.08	-2.16	-2.87	-3.87	-3.43	-1.90
Debt to Total Capital	114.20%	106.83%	133.49%	116.34%	120.58%	124.74%	117.03%	123.49%	111.13%	133.79%	147.60%
Short-Term Debt to Total Capital	3.33%	2.64%	4.19%	3.39%	3.07%	3.90%	3.66%	2.66%	2.36%	3.14%	4.17%
Long-Term Debt to Total Capital	110.87%	104.18%	129.30%	112.95%	117.51%	120.84%	113.37%	120.84%	108.77%	130.64%	143.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.07%	0.02%	0.04%	0.04%	0.03%	0.04%	0.03%
Common Equity to Total Capital	-14.20%	-6.83%	-33.49%	-16.34%	-20.65%	-24.76%	-17.06%	-23.54%	-11.16%	-33.82%	-47.63%
Debt to EBITDA	7.15	7.25	7.08	7.10	7.62	9.47	9.50	7.94	6.15	6.38	6.49
Net Debt to EBITDA	6.54	6.12	6.68	5.96	6.96	7.24	7.23	6.73	5.07	4.78	5.88
Long-Term Debt to EBITDA	6.94	7.07	6.85	6.90	7.43	9.17	9.21	7.77	6.02	6.23	6.30
Debt to NOPAT	11.07	10.53	10.57	7.98	11.09	12.95	12.42	11.63	8.93	9.10	9.13
Net Debt to NOPAT	10.12	8.89	9.98	6.69	10.13	9.90	9.44	9.87	7.36	6.81	8.28
Long-Term Debt to NOPAT	10.75	10.27	10.24	7.74	10.81	12.55	12.03	11.38	8.74	8.89	8.88
Altman Z-Score	1.14	1.35	1.06	1.48	1.46	1.26	1.49	1.39	2.10	1.97	1.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	-0.21%	-0.20%	-0.15%	-0.19%	-0.23%	-0.16%	-0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.72	3.89	2.45	4.06	3.16	4.31	4.23	3.96	4.27	1.58	3.21
Quick Ratio	1.76	2.87	1.48	3.08	1.65	3.36	3.35	2.78	2.98	1.21	2.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-746	-392	969	720	-1,223	1,964	634	975	941	482	2,310
Operating Cash Flow to CapEx	218.50%	1,553.59%	1,110.69%	1,400.00%	995.10%	1,155.24%	869.52%	796.64%	989.21%	1,239.39%	918.02%
Free Cash Flow to Firm to Interest Expense	-1.71	-0.78	1.51	1.08	-1.42	1.86	0.58	0.91	0.77	0.36	1.46
Operating Cash Flow to Interest Expense	0.27	1.37	1.23	1.53	1.18	1.15	0.83	0.88	1.13	1.52	1.29
Operating Cash Flow Less CapEx to Interest Expense	0.15	1.28	1.12	1.42	1.06	1.05	0.74	0.77	1.01	1.40	1.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.33	0.34	0.34	0.37	0.29	0.25	0.29	0.35	0.35	0.36
Accounts Receivable Turnover	6.81	6.22	5.78	5.69	5.89	5.71	6.35	6.18	5.99	6.08	5.89
Inventory Turnover	2.39	2.19	2.09	2.13	2.37	1.95	1.85	1.85	1.86	1.87	1.77
Fixed Asset Turnover	11.45	11.10	11.03	10.69	9.12	6.76	6.30	6.89	6.39	5.79	5.76
Accounts Payable Turnover	9.73	9.66	9.97	10.14	10.74	9.94	10.27	9.21	9.39	10.41	10.19
Days Sales Outstanding (DSO)	53.62	58.72	63.14	64.19	61.93	63.94	57.47	59.10	60.89	60.01	61.96
Days Inventory Outstanding (DIO)	152.48	166.32	174.70	171.55	154.10	186.96	197.12	197.15	196.14	195.01	205.88
Days Payable Outstanding (DPO)	37.53	37.79	36.61	36.00	33.99	36.71	35.54	39.63	38.86	35.07	35.83
Cash Conversion Cycle (CCC)	168.57	187.25	201.23	199.74	182.03	214.20	219.05	216.61	218.17	219.95	232.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,597	7,957	8,101	8,996	11,743	11,324	12,301	13,028	14,300	16,552	17,528
Invested Capital Turnover	0.46	0.44	0.44	0.45	0.50	0.44	0.41	0.43	0.48	0.51	0.52
Increase / (Decrease) in Invested Capital	1,500	1,360	144	895	2,747	-419	977	727	1,272	2,252	976
Enterprise Value (EV)	15,654	19,469	22,227	27,214	40,068	39,450	47,500	42,804	58,789	94,472	101,485
Market Capitalization	8,019	10,860	11,115	16,410	24,626	24,154	32,283	26,003	42,505	75,846	74,271
Book Value per Share	($19.40)	($12.23)	($56.85)	($34.36)	($54.27)	($73.28)	($52.91)	($69.57)	($35.95)	($112.10)	($171.89)
Tangible Book Value per Share	($135.70)	($151.98)	($200.62)	($186.59)	($252.36)	($266.96)	($259.02)	($279.60)	($248.61)	($359.20)	($421.51)
Total Capital	7,311	9,544	8,811	11,069	14,015	16,041	17,088	16,029	17,772	18,597	20,336
Total Debt	8,350	10,196	11,763	12,877	16,899	20,009	19,998	19,795	19,750	24,880	30,015
Total Long-Term Debt	8,106	9,943	11,394	12,502	16,469	19,384	19,372	19,369	19,330	24,296	29,167
Net Debt	7,636	8,609	11,112	10,804	15,432	15,292	15,211	16,794	16,278	18,619	27,207
Capital Expenditures (CapEx)	55	44	71	73	102	105	105	119	139	165	222
Debt-free, Cash-free Net Working Capital (DFCFNWC)	658	844	981	1,059	2,290	1,252	1,206	1,648	2,107	-1,987	2,870
Debt-free Net Working Capital (DFNWC)	1,372	2,431	1,632	3,132	3,757	5,969	5,993	4,649	5,579	4,274	5,678
Net Working Capital (NWC)	1,129	2,178	1,263	2,757	3,327	5,344	5,367	4,223	5,159	3,690	4,830
Net Nonoperating Expense (NNE)	307	381	516	658	632	845	930	835	914	1,019	1,212
Net Nonoperating Obligations (NNO)	7,636	8,609	11,052	10,804	14,627	15,292	15,211	16,794	16,278	22,835	27,207
Total Depreciation and Amortization (D&A)	94	138	183	158	293	316	293	290	277	338	415
Debt-free, Cash-free Net Working Capital to Revenue	24.31%	26.60%	28.00%	27.79%	43.84%	24.53%	25.14%	30.36%	32.00%	-25.03%	32.50%
Debt-free Net Working Capital to Revenue	50.69%	76.64%	46.56%	82.19%	71.93%	116.97%	124.91%	85.63%	84.72%	53.83%	64.30%
Net Working Capital to Revenue	41.70%	68.68%	36.03%	72.34%	63.70%	104.72%	111.86%	77.79%	78.34%	46.47%	54.69%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.84	$10.39	$7.88	$16.20	$13.84	$8.96	$10.41	$13.40	$22.03	$25.62	$0.00
Adjusted Weighted Average Basic Shares Outstanding	53.69M	53.35M	51.96M	52.75M	53.55M	54.44M	55.25M	58.20M	57.20M	57.80M	58.20M
Adjusted Diluted Earnings per Share	$7.84	$10.39	$7.88	$16.20	$13.84	$8.96	$10.41	$13.40	$22.03	$25.62	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	53.69M	53.35M	51.96M	52.75M	53.55M	54.44M	55.25M	58.20M	57.20M	57.80M	58.20M
Adjusted Basic & Diluted Earnings per Share	$7.84	$10.39	$7.88	$16.20	$13.84	$8.96	$10.41	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.61M	56.16M	55.53M	55.60M	56.27M	57.30M	58.40M	54.37M	55.31M	56.23M	56.32M
Normalized Net Operating Profit after Tax (NOPAT)	754	968	1,113	1,615	1,524	1,545	1,611	1,702	2,213	2,734	3,286
Normalized NOPAT Margin	27.86%	30.52%	31.76%	42.37%	29.17%	30.28%	33.57%	31.35%	33.60%	34.43%	37.21%
Pre Tax Income Margin	23.52%	24.22%	23.90%	25.87%	20.35%	14.50%	14.90%	20.76%	26.06%	27.90%	29.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.46	2.54	2.30	2.47	2.23	1.70	1.65	2.05	2.41	2.65	2.66
NOPAT to Interest Expense	1.73	1.94	1.73	2.41	1.77	1.46	1.47	1.58	1.81	2.03	2.08
EBIT Less CapEx to Interest Expense	2.33	2.45	2.19	2.36	2.11	1.60	1.56	1.94	2.29	2.53	2.52
NOPAT Less CapEx to Interest Expense	1.60	1.85	1.62	2.30	1.65	1.36	1.37	1.47	1.70	1.91	1.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.75%	0.51%	432.50%	5.85%	191.93%	275.43%	10.72%	125.84%	2.93%	118.83%	464.27%
Augmented Payout Ratio	0.75%	35.94%	497.81%	5.85%	191.93%	278.14%	10.72%	231.03%	2.93%	118.83%	488.38%

This table displays calculated financial ratios and metrics derived from Transdigm Group's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/30/2024	12/28/2024	3/29/2025	6/28/2025	9/30/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	56,473,563.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	56,473,563.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	9.47
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.65%	28.06%	20.54%	17.32%	18.03%	12.13%	12.04%	9.34%	11.53%	13.91%	18.33%
EBITDA Growth	29.93%	30.23%	25.30%	19.33%	13.46%	25.17%	16.10%	12.62%	21.73%	5.66%	18.38%
EBIT Growth	33.75%	33.33%	25.25%	19.70%	10.98%	26.52%	14.55%	9.60%	23.79%	5.02%	18.40%
NOPAT Growth	37.40%	37.25%	26.81%	21.71%	12.95%	25.92%	13.08%	12.78%	28.93%	4.50%	18.19%
Net Income Growth	56.23%	66.81%	32.89%	30.97%	13.04%	29.06%	18.56%	6.94%	30.13%	-9.74%	11.90%
EPS Growth	83.76%	46.25%	31.02%	29.64%	-19.61%	56.47%	18.22%	6.41%	0.00%	-13.12%	11.65%
Operating Cash Flow Growth	69.23%	68.70%	76.15%	49.75%	23.81%	18.24%	-35.37%	3.78%	-11.36%	10.64%	-8.78%
Free Cash Flow Firm Growth	-143.35%	-18.95%	-106.62%	-45.67%	-142.93%	-207.51%	-291.78%	60.46%	97.57%	16.78%	47.63%
Invested Capital Growth	9.76%	7.95%	8.15%	11.99%	15.75%	14.78%	16.59%	7.50%	5.90%	11.73%	10.41%
Revenue Q/Q Growth	6.19%	-3.40%	7.27%	6.62%	6.84%	-8.23%	7.18%	4.05%	8.99%	-6.28%	11.33%
EBITDA Q/Q Growth	7.52%	-6.78%	9.24%	8.99%	2.23%	2.85%	3.14%	2.15%	12.35%	-9.74%	12.35%
EBIT Q/Q Growth	8.08%	-7.94%	10.79%	8.59%	0.21%	4.95%	0.30%	3.90%	13.19%	-10.97%	13.09%
NOPAT Q/Q Growth	9.71%	-4.45%	9.55%	5.98%	1.82%	6.52%	-1.62%	5.70%	16.40%	-13.67%	11.27%
Net Income Q/Q Growth	17.61%	-7.73%	5.76%	14.11%	1.52%	5.34%	-2.84%	2.92%	23.53%	-26.93%	20.45%
EPS Q/Q Growth	17.92%	-32.73%	43.12%	14.20%	-26.88%	30.93%	8.14%	2.79%	0.00%	0.00%	38.97%
Operating Cash Flow Q/Q Growth	13.79%	37.66%	-63.99%	165.50%	-5.92%	31.47%	-80.32%	326.35%	-19.65%	64.10%	-83.77%
Free Cash Flow Firm Q/Q Growth	8.61%	31.14%	2.51%	-137.41%	-52.41%	12.83%	-24.21%	76.04%	90.64%	-2,885.51%	21.84%
Invested Capital Q/Q Growth	-0.05%	-0.45%	2.18%	10.15%	3.31%	-1.29%	3.79%	1.56%	1.77%	4.15%	2.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.91%	58.24%	60.03%	59.63%	57.55%	61.57%	59.26%	59.54%	60.30%	59.17%	59.39%
EBITDA Margin	50.16%	48.41%	49.30%	50.39%	48.22%	54.04%	52.00%	51.05%	52.63%	50.68%	51.14%
Operating Margin	46.17%	43.99%	45.18%	45.65%	43.14%	48.55%	46.09%	46.45%	47.62%	45.60%	46.31%
EBIT Margin	46.22%	44.05%	45.49%	46.33%	43.46%	49.70%	46.51%	46.45%	48.24%	45.82%	46.54%
Profit (Net Income) Margin	22.35%	21.35%	21.05%	22.53%	21.41%	24.58%	22.28%	22.04%	24.98%	19.47%	21.07%
Tax Burden Percent	75.41%	78.28%	77.84%	76.58%	77.23%	79.64%	77.01%	77.64%	80.88%	77.80%	76.57%
Interest Burden Percent	64.14%	61.93%	59.45%	63.50%	63.79%	62.09%	62.20%	61.12%	64.03%	54.63%	59.12%
Effective Tax Rate	24.59%	21.72%	22.16%	23.42%	22.77%	20.36%	22.99%	22.36%	19.12%	22.20%	23.43%
Return on Invested Capital (ROIC)	16.78%	17.52%	18.35%	17.53%	17.15%	20.63%	18.90%	18.61%	19.96%	18.69%	18.89%
ROIC Less NNEP Spread (ROIC-NNEP)	15.38%	16.16%	16.75%	16.09%	15.82%	19.23%	17.49%	17.07%	18.64%	17.23%	17.44%
Return on Net Nonoperating Assets (RNNOA)	-88.57%	-80.99%	-96.05%	-115.74%	-74.89%	-79.50%	-80.91%	-92.68%	-58.44%	-55.64%	-58.78%
Return on Equity (ROE)	-71.79%	-63.46%	-77.70%	-98.21%	-57.74%	-58.86%	-62.01%	-74.07%	-38.48%	-36.95%	-39.90%
Cash Return on Invested Capital (CROIC)	6.88%	9.72%	10.19%	6.17%	3.12%	5.17%	3.61%	11.26%	13.55%	8.13%	9.50%
Operating Return on Assets (OROA)	15.99%	15.69%	15.98%	17.03%	15.15%	19.21%	17.94%	17.90%	17.57%	18.44%	18.68%
Return on Assets (ROA)	7.73%	7.61%	7.40%	8.28%	7.46%	9.50%	8.60%	8.49%	9.10%	7.84%	8.46%
Return on Common Equity (ROCE)	-71.95%	-63.60%	-77.89%	-98.51%	-57.83%	-58.95%	-62.11%	-74.23%	-38.52%	-36.98%	-39.94%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-41.33%	-51.24%	-65.97%	0.00%	-29.18%	-33.52%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	645	616	675	715	728	776	763	807	939	811	902
NOPAT Margin	34.81%	34.44%	35.17%	34.96%	33.31%	38.67%	35.50%	36.06%	38.51%	35.48%	35.46%
Net Nonoperating Expense Percent (NNEP)	1.40%	1.37%	1.60%	1.44%	1.33%	1.40%	1.41%	1.54%	1.32%	1.46%	1.44%
Return On Investment Capital (ROIC_SIMPLE)	-	3.35%	-	-	-	4.13%	3.94%	4.03%	4.62%	3.90%	3.99%
Cost of Revenue to Revenue	41.09%	41.76%	39.97%	40.37%	42.45%	38.43%	40.74%	40.46%	39.70%	40.83%	40.61%
SG&A Expenses to Revenue	10.96%	12.30%	12.92%	12.12%	12.08%	10.52%	10.98%	10.82%	10.50%	11.12%	10.73%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.74%	14.25%	14.85%	13.98%	14.41%	13.01%	13.16%	13.10%	12.67%	13.57%	13.09%
Earnings before Interest and Taxes (EBIT)	856	788	873	948	950	997	1,000	1,039	1,176	1,047	1,184
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	929	866	946	1,031	1,054	1,084	1,118	1,142	1,283	1,158	1,301
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	6.45	7.60	9.38	9.40	9.55	8.90	9.21	9.82	8.41	8.09	6.77
Price to Earnings (P/E)	32.75	36.50	44.16	43.04	44.25	39.77	40.63	43.58	35.81	36.39	30.92
Dividend Yield	0.00%	3.65%	2.84%	2.74%	2.59%	8.52%	7.99%	7.34%	12.52%	12.60%	14.47%
Earnings Yield	3.05%	2.74%	2.26%	2.32%	2.26%	2.51%	2.46%	2.29%	2.79%	2.75%	3.23%
Enterprise Value to Invested Capital (EV/IC)	4.11	4.97	5.92	5.62	5.71	5.83	5.89	6.18	5.79	5.55	4.94
Enterprise Value to Revenue (EV/Rev)	8.93	10.14	11.78	11.84	11.90	11.67	11.91	12.41	11.49	11.12	9.73
Enterprise Value to EBITDA (EV/EBITDA)	18.30	20.72	23.65	23.66	24.24	23.13	23.39	24.20	21.93	21.60	18.91
Enterprise Value to EBIT (EV/EBIT)	20.02	22.58	26.01	25.98	26.54	25.26	25.64	26.70	24.09	23.76	20.81
Enterprise Value to NOPAT (EV/NOPAT)	26.57	29.72	34.11	33.97	34.56	32.89	33.49	34.62	30.89	30.49	26.73
Enterprise Value to Operating Cash Flow (EV/OCF)	42.76	43.30	49.66	46.53	46.20	44.05	48.01	50.61	49.80	47.81	43.95
Enterprise Value to Free Cash Flow (EV/FCFF)	62.50	53.09	60.31	96.29	196.03	120.50	175.43	56.86	43.94	72.05	54.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-9.98	-6.24	-7.41	-8.72	-3.96	-4.01	-4.42	-5.01	-3.10	-3.24	-3.41
Long-Term Debt to Equity	-9.77	-6.09	-7.06	-8.51	-3.87	-3.89	-4.29	-4.86	-3.01	-3.15	-3.32
Financial Leverage	-5.76	-5.01	-5.73	-7.19	-4.73	-4.13	-4.63	-5.43	-3.14	-3.23	-3.37
Leverage Ratio	-6.63	-5.73	-7.03	-8.45	-5.51	-4.33	-5.01	-5.93	-3.04	-2.92	-3.14
Compound Leverage Factor	-4.25	-3.55	-4.18	-5.37	-3.52	-2.69	-3.11	-3.63	-1.95	-1.59	-1.86
Debt to Total Capital	111.13%	119.09%	115.59%	112.95%	133.79%	133.25%	129.22%	124.96%	147.60%	144.57%	141.55%
Short-Term Debt to Total Capital	2.36%	2.89%	5.55%	2.72%	3.14%	3.97%	3.83%	3.72%	4.17%	4.09%	3.77%
Long-Term Debt to Total Capital	108.77%	116.20%	110.04%	110.23%	130.64%	129.28%	125.39%	121.24%	143.43%	140.49%	137.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.04%
Common Equity to Total Capital	-11.16%	-19.12%	-15.63%	-12.99%	-33.82%	-33.29%	-29.25%	-25.00%	-47.63%	-44.60%	-41.59%
Debt to EBITDA	6.15	6.41	6.16	5.75	6.38	6.09	5.87	5.69	6.49	6.41	6.54
Net Debt to EBITDA	5.07	5.20	4.83	4.87	4.78	5.49	5.30	5.05	5.88	5.87	5.75
Long-Term Debt to EBITDA	6.02	6.25	5.86	5.61	6.23	5.91	5.69	5.52	6.30	6.23	6.37
Debt to NOPAT	8.93	9.19	8.88	8.26	9.10	8.66	8.40	8.14	9.13	9.05	9.25
Net Debt to NOPAT	7.36	7.45	6.96	6.99	6.81	7.81	7.59	7.23	8.28	8.28	8.12
Long-Term Debt to NOPAT	8.74	8.97	8.45	8.06	8.89	8.40	8.15	7.89	8.88	8.79	9.00
Altman Z-Score	1.76	1.81	2.23	2.32	1.63	1.87	2.04	2.24	1.53	1.49	1.40
Noncontrolling Interest Sharing Ratio	-0.23%	-0.22%	-0.25%	-0.31%	-0.16%	-0.14%	-0.16%	-0.21%	-0.09%	-0.09%	-0.10%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.27	4.07	3.71	3.81	1.58	2.70	3.09	3.13	3.21	2.75	3.52
Quick Ratio	2.98	2.90	2.46	2.52	1.21	1.64	1.87	1.95	2.03	1.61	2.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-627	-432	-421	-1,000	-1,524	-1,328	-1,650	-395	-37	-1,105	-864
Operating Cash Flow to CapEx	1,248.65%	1,766.67%	477.08%	1,520.00%	1,395.12%	1,790.48%	264.29%	1,087.93%	768.18%	1,386.67%	190.14%
Free Cash Flow to Firm to Interest Expense	-2.04	-1.44	-1.19	-2.89	-4.43	-3.51	-4.36	-0.98	-0.09	-2.33	-1.79
Operating Cash Flow to Interest Expense	1.50	2.12	0.65	1.76	1.66	1.99	0.39	1.56	1.20	1.75	0.28
Operating Cash Flow Less CapEx to Interest Expense	1.38	2.00	0.51	1.64	1.54	1.88	0.24	1.42	1.04	1.63	0.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.36	0.35	0.37	0.35	0.39	0.39	0.39	0.36	0.40	0.40
Accounts Receivable Turnover	5.99	6.96	6.58	6.19	6.08	6.71	6.35	6.09	5.89	6.40	6.01
Inventory Turnover	1.86	1.83	1.82	1.78	1.87	1.81	1.81	1.76	1.77	1.71	1.74
Fixed Asset Turnover	6.39	6.35	6.76	6.30	5.79	5.80	5.98	5.78	5.76	5.82	5.95
Accounts Payable Turnover	9.39	10.33	10.07	10.13	10.41	10.92	10.95	10.74	10.19	10.52	10.32
Days Sales Outstanding (DSO)	60.89	52.45	55.44	59.00	60.01	54.37	57.50	59.95	61.96	57.07	60.72
Days Inventory Outstanding (DIO)	196.14	199.00	200.32	204.86	195.01	201.68	201.93	207.72	205.88	213.28	209.64
Days Payable Outstanding (DPO)	38.86	35.35	36.26	36.02	35.07	33.43	33.32	33.98	35.83	34.70	35.37
Cash Conversion Cycle (CCC)	218.17	216.10	219.51	227.85	219.95	222.62	226.11	233.69	232.01	235.66	234.99
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,300	14,235	14,546	16,022	16,552	16,339	16,959	17,224	17,528	18,255	18,725
Invested Capital Turnover	0.48	0.51	0.52	0.50	0.51	0.53	0.53	0.52	0.52	0.53	0.53
Increase / (Decrease) in Invested Capital	1,272	1,048	1,096	1,715	2,252	2,104	2,413	1,202	976	1,916	1,766
Enterprise Value (EV)	58,789	70,746	86,060	90,033	94,472	95,185	99,870	106,432	101,485	101,260	92,509
Market Capitalization	42,505	52,998	68,485	71,493	75,846	72,588	77,240	84,204	74,271	73,735	64,382
Book Value per Share	($35.95)	($63.51)	($54.47)	($45.00)	($112.10)	($111.29)	($101.12)	($89.09)	($171.89)	($164.60)	($166.49)
Tangible Book Value per Share	($248.61)	($276.28)	($265.96)	($279.71)	($359.20)	($354.29)	($346.76)	($338.53)	($421.51)	($428.42)	($430.01)
Total Capital	17,772	18,370	19,384	19,382	18,597	18,798	19,385	20,016	20,336	20,783	22,609
Total Debt	19,750	21,876	22,406	21,892	24,880	25,049	25,049	25,012	30,015	30,046	32,003
Total Long-Term Debt	19,330	21,346	21,331	21,364	24,296	24,302	24,306	24,268	29,167	29,197	31,150
Net Debt	16,278	17,741	17,568	18,532	18,619	22,590	22,623	22,220	27,207	27,518	28,119
Capital Expenditures (CapEx)	37	36	48	40	41	42	56	58	66	60	71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,107	1,973	2,284	2,378	-1,987	2,160	2,651	2,656	2,870	2,757	3,108
Debt-free Net Working Capital (DFNWC)	5,579	6,108	7,122	5,738	4,274	4,619	5,077	5,448	5,678	5,285	6,992
Net Working Capital (NWC)	5,159	5,578	6,047	5,210	3,690	3,872	4,334	4,704	4,830	4,436	6,139
Net Nonoperating Expense (NNE)	231	234	271	254	260	283	284	314	330	366	366
Net Nonoperating Obligations (NNO)	16,278	17,741	17,568	18,532	22,835	22,590	22,623	22,220	27,207	27,518	28,119
Total Depreciation and Amortization (D&A)	73	78	73	83	104	87	118	103	107	111	117
Debt-free, Cash-free Net Working Capital to Revenue	32.00%	28.28%	31.27%	31.26%	-25.03%	26.48%	31.60%	30.96%	32.50%	30.26%	32.70%
Debt-free Net Working Capital to Revenue	84.72%	87.54%	97.51%	75.44%	53.83%	56.63%	60.53%	63.50%	64.30%	58.01%	73.57%
Net Working Capital to Revenue	78.34%	79.95%	82.79%	68.50%	46.47%	47.47%	51.67%	54.83%	54.69%	48.69%	64.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.24	$4.87	$6.97	$7.96	$5.82	$7.62	$8.24	$8.47	$0.00	$6.62	$9.20
Adjusted Weighted Average Basic Shares Outstanding	57.20M	57.70M	57.80M	57.90M	57.80M	58.30M	58.10M	58.10M	58.20M	58.20M	58.20M
Adjusted Diluted Earnings per Share	$7.24	$4.87	$6.97	$7.96	$5.82	$7.62	$8.24	$8.47	$0.00	$6.62	$9.20
Adjusted Weighted Average Diluted Shares Outstanding	57.20M	57.70M	57.80M	57.90M	57.80M	58.30M	58.10M	58.10M	58.20M	58.20M	58.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.31M	55.61M	55.96M	56.11M	56.23M	56.08M	56.17M	56.35M	56.32M	56.47M	55.93M
Normalized Net Operating Profit after Tax (NOPAT)	645	616	675	715	728	776	763	807	939	811	902
Normalized NOPAT Margin	34.81%	34.44%	35.17%	34.96%	33.31%	38.67%	35.50%	36.06%	38.51%	35.48%	35.46%
Pre Tax Income Margin	29.64%	27.28%	27.05%	29.42%	27.72%	30.86%	28.93%	28.39%	30.89%	25.03%	27.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.79	2.63	2.47	2.74	2.76	2.64	2.65	2.57	2.78	2.20	2.45
NOPAT to Interest Expense	2.10	2.05	1.91	2.07	2.12	2.05	2.02	2.00	2.22	1.71	1.86
EBIT Less CapEx to Interest Expense	2.67	2.51	2.33	2.62	2.64	2.53	2.50	2.43	2.62	2.08	2.30
NOPAT Less CapEx to Interest Expense	1.98	1.93	1.77	1.95	2.00	1.94	1.87	1.85	2.06	1.58	1.72
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.93%	140.36%	131.31%	122.70%	118.83%	240.74%	231.25%	227.42%	464.27%	261.20%	254.06%
Augmented Payout Ratio	2.93%	140.36%	131.31%	122.70%	118.83%	258.05%	250.66%	253.29%	488.38%	275.52%	294.96%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, year-over-year trend snapshot of TransDigm Group (TDG) using the latest four years of quarterly statements. The focus is on how revenue, profitability, and cash flow have trended, along with balance-sheet risk indicators that may affect the stock's fundamentals.

Top-line momentum: Revenue in recent quarters shows strength, with Q4 2025 revenue around $2.44B, up from about $2.19B in Q4 2024, and Q1 2026 still strong at about $2.29B.
Gross margins remain solid: Gross margin typically in the high-50s to low-60s percentage range across quarters, indicating favorable cost discipline and pricing leverage.
Operating cash flow robust: Net cash from continuing operating activities in Q1 2026 was about $832M, underscoring strong cash generation from core operations.
Free cash flow positive in key periods: For example, Q1 2026 shows meaningful free cash flow after capex (roughly $60M) yielding a net FCFF in the mid-to-high hundreds of millions range in several quarters.
Earnings per share stay high: Recent quarters show strong per-share profitability (for example, Q4 2025 basic EPS around $8.47; Q1 2026 around $6.62) supported by solid net income and a stable share count.

Balance-sheet asset mix: The company carries substantial goodwill (~$10–11B) and intangible assets (~$3–3.5B) across recent periods, contributing to a large non-cash asset base that could be subject to impairment risk in downturn scenarios.
Share count stability: Weighted-average shares outstanding have remained in the mid-to-upper 50s millions (roughly 57–58M), keeping per-share metrics relatively stable even as profits fluctuate.

Rising leverage and negative equity concerns: Long-term debt has risen notably (from the mid-$20s billions in recent years to about $29.2B by 2026-Q1), and total equity is negative in several periods, implying high leverage and solvency risk relative to asset base.
Negative net equity position: Across several quarters, Total Liabilities exceed Total Assets, resulting in negative Total Equity, which is a red flag for balance-sheet strength and may affect flexibility in downturns.
Financing cash outflows and cash burn when financing activities run negative: Net cash from financing activities has been negative in multiple periods (cash outflows for debt repayment, buybacks, or dividends), contributing to pressure on liquidity during certain quarters.
Significant cash outflow in some quarters: Net change in cash and cash equivalents was negative in some periods (for example, Q4 2025 and other quarters), indicating episodic liquidity pressures despite positive CFO in many quarters.

05/14/26 06:09 AM ETAI Generated. May Contain Errors.

Transdigm Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Transdigm Group's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

Transdigm Group's net income appears to be on an upward trend, with a most recent value of $2.07 billion in 2025, rising from $447.21 million in 2015. The previous period was $1.72 billion in 2024. Check out Transdigm Group's forecast to explore projected trends and price targets.

Transdigm Group's total operating income in 2025 was $4.17 billion, based on the following breakdown:

Total Gross Profit: $5.31 billion
Total Operating Expenses: $1.15 billion

Over the last 10 years, Transdigm Group's total revenue changed from $2.71 billion in 2015 to $8.83 billion in 2025, a change of 226.2%.

Transdigm Group's total liabilities were at $32.59 billion at the end of 2025, a 2.3% increase from 2024, and a 248.8% increase since 2015.

In the past 10 years, Transdigm Group's cash and equivalents has ranged from $650.56 million in 2017 to $6.26 billion in 2024, and is currently $2.81 billion as of their latest financial filing in 2025.

Over the last 10 years, Transdigm Group's book value per share changed from -19.40 in 2015 to -171.89 in 2025, a change of 786.2%.

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Financial statements for NYSE:TDG last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Transdigm Group (TDG) Financials

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Transdigm Group (TDG) Financials

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Key Financial Trends

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How has Transdigm Group's revenue changed over the last 10 years?

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