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.
Financial Statements
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
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
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