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TransDigm GroupTDG

Legal name
TransDigm Group Incorporated
Sector
Other
Industry
Aircraft Parts & Auxiliary Equipment, NEC
Exchange
NYSE

Stock Price $TDG

Latest filings

You are here#34 of 116 in Industrials by market cap

Filing record · 2016–202610-K1210-Q338-K234

TDG filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 234 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Material agreement8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Aug ’21Aug ’21
  4. FY2025 annual report10-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $8.83B
YoY changeLargest recent move+37.0%in FY19Latest +11.2%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All TDG Financial Metrics62 metrics

Income Statement15

Balance Sheet27

Cash Flow15

Per Share5

02—Overview

TransDigm Group Financial Overview 2021–2025

Updated Nov 3, 2026

TransDigm Group funded a massive $90.00 per share special cash dividenda in FY2025 by raising new debt, a maneuver that highlights the sheer cash-generating power of its aftermarket-focused business model. The aerospace supplier operates a highly profitable, proprietary components pipeline that throws off heavy cash flow to continuously fuel bolt-on acquisitions and aggressive shareholder returns. Driven by a post-pandemic rebound in global flight hours and defense spending, net sales grew from $4.8 billion in FY2021 to $8.83 billion in FY2025.

The company’s pricing power on its sole-source components drives exceptional profitability, with its gross profit margin expanding from 52.4% in FY2021 to 60.1% in FY2025. Management uses this operational efficiency to comfortably service a heavily leveraged balance sheet—which reached $30.015 billion in total debtb in FY2025—while still maintaining $3.665 billion in liquidity. This flexible capital structure enables constant inorganic expansion, highlighted by the $2.2 billion cash acquisition of Jet Parts Engineering in early FY2026. Investors have heavily endorsed this aggressive capital-allocation playbook, pushing the stock to $1318.02 per share and a 41.1x P/E ratio at the close of FY2025.

Recent Developments (Q2 and Q3 2026)

TransDigm's Q3 FY2026 showed accelerating growth. Net sales rose 23% to $2,741Mc, with 13% organic growth, and management raised guidance to adjusted EPS of $40.62–$41.46. Margin is the soft spot: EBITDA As Defined margin fell to 52.8% from 54.4%, which management ties to acquisition dilution. Quarterly interest expense rose 29% to $514M. Deal activity stayed heavy. TransDigm walked away from the roughly $960M Stellant deal in July, then closed Prince & Izant for about $1.066 billion in cash in September. It also agreed to buy a rotorcraft and business jet portfolio for about $240 million. In September, it priced $3,000 million of notes due 2035 to refinance 2028 notes.

Bulls point to double-digit growth in all three channels and a raised outlook. Bears point to margin erosion, rising interest costs and a $(9.8)B stockholders' deficit. At 39.7x earnings as of the August 3, 2026 report, not today's price, the stock is priced for continued execution.

What to watch: margin recovery as acquisitions integrate; interest expense against the new 2035 notes

03—Filings

Recent SEC Filings

  1. 8-KTransDigm Group 8-K Report, Material Agreement (Sep 29, 2026)TransDigm Group Inc. (TDG) announced the successful completion of a significant financing transaction on September 28, 2026. The company issued $3,000 million of new 6.75% Senior Secured Notes due January 2035. The primary use of these proceeds is to repurchase the company's outstanding $2,100 million 6.75% Senior Secured Notes due 2028 through a concurrent tender offer, with the remainder allocated for general corporate purposes. This transaction represents a strategic refinancing effort by TransDigm, extending the maturity of a substantial portion of its debt and managing its capital structure. The new notes are senior secured obligations, guaranteed by TransDigm Group and certain restricted subsidiaries, ranking equally with existing senior indebtedness. The indenture governing these new notes includes customary covenants that limit the company's ability to incur additional debt, pay dividends, make investments, and engage in certain other corporate actions, providing a framework for financial discipline.
  2. 8-KTransDigm Group 8-K Report, Corporate Update (Sep 28, 2026)On September 28, 2026, TransDigm Group (NYSE: TDG) filed an 8-K to report that it completed its acquisition of Prince & Izant (P&I), a Cleveland-based designer and manufacturer of brazing alloys and specialty metal components, from Industrial Growth Partners. The purchase price was approximately $1.066 billion in cash, including certain tax benefits, funded entirely from cash on hand. The deal was first announced in a July 27, 2026 8-K when the definitive agreement was signed, so this filing confirms closing rather than introducing new terms. P&I serves mainly the aerospace and defense, aeroderivative turbine, and transportation markets, with smaller exposure to medical and general industrial end-markets. Management says the majority of its revenue comes from the aftermarket, supported by a large global installed base and proprietary, hard-to-replicate formulations. Its roughly 10,000 active SKUs are largely tied to specialty metals such as gold, silver, and platinum alloys. P&I is expected to generate approximately $390 million of revenue in calendar 2026 and employs about 220 people across four U.S. facilities in Ohio, Illinois, Wisconsin, and New York. For investors, the key points are the scale of the commitment relative to TransDigm's business, the use of balance-sheet cash rather than new debt or equity, and the aftermarket-heavy, proprietary profile that fits TransDigm's acquisition strategy. The filing does not disclose purchase-accounting details, post-closing earnings contribution, or integration plans, so those remain open questions for future reporting.
  3. 8-KTransDigm Group 8-K Report, Corporate Update (Sep 21, 2026)TransDigm Group Incorporated (TDG) announced on September 21, 2026, that its operating unit, Extant Aerospace, has entered into a definitive agreement to acquire a portfolio of commercial rotorcraft, land systems, and business jet products. This acquisition, which includes a California-based facility, is valued at approximately $240 million in cash. While TransDigm typically does not disclose asset acquisitions by its individual units, the company is providing this information due to the material value of the transaction. The acquisition is anticipated to close within TransDigm's fiscal year 2027, pending the usual regulatory approvals and the fulfillment of customary closing conditions. This strategic move signals TransDigm's continued interest in expanding its product offerings and market reach within the aerospace and defense sector, particularly in the commercial rotorcraft, land systems, and business jet segments.
  4. 8-KTransDigm Group 8-K Report, Regulation FD Disclosure (Sep 14, 2026)TransDigm Group Incorporated (TDG) announced on September 14, 2026, the pricing of its Senior Secured Notes offering. The offering was increased to $3,000 million aggregate principal amount of 6.75% Senior Secured Notes due 2035, up from an initial $2,500 million. These notes are being issued at par and are expected to close on September 28, 2026, subject to customary conditions. The primary purpose of this offering is to finance the repurchase of TransDigm's outstanding 6.75% Senior Secured Notes due 2028, through a concurrent tender offer. Any remaining proceeds will be used for general corporate purposes. This transaction represents a strategic refinancing effort by TransDigm, aimed at extending its debt maturity profile and managing its existing debt obligations. The notes are being offered privately under Rule 144A and Regulation S, targeting qualified institutional buyers and non-U.S. persons. Investors should note the risks and uncertainties detailed in the filing, including those related to the completion of the offering and tender offer, general economic conditions, supply chain issues, and the company's significant indebtedness.
  5. 8-KTransDigm Group 8-K Report, Regulation FD Disclosure (Sep 14, 2026)TransDigm Group Incorporated (TDG) announced on September 14, 2026, through its subsidiary TransDigm Inc., a cash tender offer for any and all of its outstanding 6.75% Senior Secured Notes due 2028. This move indicates a proactive approach by TransDigm to manage its debt obligations, potentially refinancing or deleveraging its capital structure. Investors should pay close attention to the terms of the offer, particularly the early tender premium, as it incentivizes prompt participation. The offer is subject to certain conditions, including a refinancing condition, suggesting that the company is considering alternative financing arrangements. The tender offer presents an opportunity for holders of these notes to redeem their investment at a specified price, with an enhanced payment for early participation. The announcement also highlights the involvement of Morgan Stanley & Co. LLC as the Sole Dealer Manager, providing contact information for interested parties.
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04—See also

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