TDG financial statements

The full income statement, balance sheet, and cash-flow statement for Transdigm Group Incorporated (TDG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Revenue	8.83B YoY+11.2%	7.94B YoY+20.6%	6.58B YoY+21.3%	5.43B YoY+13.2%	4.80B YoY-6.0%
	5.31B YoY+13.7%	4.67B YoY+21.6%	3.84B YoY+24.0%	3.10B YoY+23.3%	2.51B YoY-5.1%
Cost of revenue	3.52B YoY+7.7%	3.27B YoY+19.1%	2.74B YoY+17.7%	2.33B YoY+2.0%	2.29B YoY-7.0%
Research & development	118M YoY+10.3%	107M YoY+1.9%	105M YoY+10.5%	95.0M YoY-10.4%	106M YoY-19.0%
Selling, general & administrative	945M YoY-3.6%	980M YoY+25.6%	780M YoY+4.3%	748M YoY+9.2%	685M YoY-5.8%
Amortization of intangibles	201M YoY+24.8%	161M YoY+15.8%	139M YoY+2.2%	136M YoY-0.7%	137M YoY-18.9%
Operating income	4.17B YoY+18.0%	3.53B YoY+20.8%	2.92B YoY+32.0%	2.21B YoY+31.0%	1.69B YoY-3.4%
Net interest income	-1.57B YoY-22.2%	-1.29B YoY-10.5%	-1.16B YoY-8.2%	-1.08B YoY-1.6%	-1.06B YoY-2.9%
Other non-operating income	47.0M YoY+67.9%	28.0M YoY+115.4%	13.0M YoY+218.2%	-11.0M YoY-121.6%	51.0M YoY+10.9%
Pre-tax income	2.63B YoY+18.7%	2.21B YoY+29.1%	1.72B YoY+52.3%	1.13B YoY+57.6%	715M YoY-3.4%
Income tax	555M YoY+11.0%	500M YoY+19.9%	417M YoY+59.8%	261M YoY+667.6%	34.0M YoY-60.9%
	2.07B YoY+21.0%	1.71B YoY+32.0%	1.30B YoY+49.9%	866M YoY+27.4%	680M YoY-2.7%
Income from continuing operations	—	1.71B YoY+32.0%	1.30B YoY+50.1%	865M YoY+27.2%	680M YoY+4.3%
Net income to non-controlling interest	0.00 YoY-100.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%
	$32.08 YoY+25.2%	$25.62 YoY+16.3%	$22.03 YoY+64.4%	$13.40 YoY+28.7%	$10.41 YoY+16.2%
EPS (basic)	$32.08 YoY+25.2%	$25.62 YoY+16.3%	$22.03 YoY+64.4%	$13.40 YoY+28.7%	$10.41 YoY+16.2%
	58.2M YoY+0.7%	57.8M YoY+1.0%	57.2M YoY-1.7%	58.2M YoY-0.3%	58.4M YoY+1.9%
	58.2M YoY+0.7%	57.8M YoY+1.0%	57.2M YoY-1.7%	58.2M YoY-0.3%	58.4M YoY+1.9%
Dividends per share	—	—	$0.00 YoY-100.0%	$18.50	$0.00 YoY-100.0%
Balance Sheet	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	7.01B YoY-30.1%	10.0B YoY+48.8%	6.74B YoY+19.3%	5.65B YoY-19.6%	7.03B YoY+1.0%
Cash & equivalents	2.81B YoY-55.2%	6.26B YoY+80.3%	3.47B YoY+15.7%	3.00B YoY-37.3%	4.79B YoY+1.5%
Accounts receivable	1.62B YoY+17.1%	1.38B YoY+12.3%	1.23B YoY+27.2%	967M YoY+22.3%	791M YoY+9.9%
Inventory	2.10B YoY+11.7%	1.88B YoY+16.1%	1.62B YoY+21.3%	1.33B YoY+12.4%	1.19B YoY-7.6%
Prepaid expenses	492M YoY-3.7%	511M YoY+21.7%	420M YoY+20.3%	349M YoY+30.7%	267M YoY+11.3%
	22.9B YoY-10.5%	25.6B YoY+28.1%	20.0B YoY+10.3%	18.1B YoY-6.3%	19.3B YoY+5.0%
Property, plant & equipment	1.58B YoY+6.1%	1.49B YoY+18.6%	1.25B YoY+55.5%	807M YoY+4.8%	770M YoY+2.4%
Operating lease right-of-use	65.0M YoY+6.6%	61.0M YoY-4.7%	64.0M YoY-24.7%	85.0M YoY-9.6%	94.0M
Goodwill	10.6B YoY+1.9%	10.4B YoY+15.9%	8.99B YoY+4.0%	8.64B YoY+0.9%	8.57B YoY+8.6%
Intangible assets	3.45B YoY+0.2%	3.45B YoY+25.4%	2.75B YoY-0.1%	2.75B YoY-1.5%	2.79B YoY+6.9%
Other non-current assets	252M YoY+23.5%	204M YoY-15.7%	242M YoY-6.9%	260M YoY+66.7%	156M YoY-6.6%
	2.18B YoY-65.6%	6.34B YoY+301.5%	1.58B YoY+10.7%	1.43B YoY-14.3%	1.66B YoY+2.9%
Accounts payable	368M YoY+13.9%	323M YoY+5.9%	305M YoY+9.3%	279M YoY+22.9%	227M YoY+4.1%
Accrued liabilities	966M YoY-20.6%	1.22B YoY+42.4%	854M YoY+18.4%	721M YoY-11.0%	810M YoY+4.8%
Deferred revenue	143M YoY-14.9%	168M YoY+112.7%	79.0M YoY+75.6%	45.0M YoY+80.0%	25.0M YoY+38.9%
Short-term & current debt	124M YoY+26.5%	98.0M YoY+38.0%	71.0M YoY-6.6%	76.0M YoY-72.6%	277M YoY+0.4%
Current lease liability	15.0M YoY-21.1%	19.0M YoY+18.8%	16.0M YoY-11.1%	18.0M YoY-10.0%	20.0M YoY-9.1%
	32.6B YoY+2.3%	31.9B YoY+45.2%	21.9B YoY+0.3%	21.9B YoY-1.6%	22.2B YoY-0.6%
Long-term debt	29.3B YoY+20.1%	24.4B YoY+25.7%	19.4B YoY-0.2%	19.4B YoY-1.0%	19.6B YoY+1.4%
Deferred revenue (non-current)	7.00M YoY-22.2%	9.00M YoY+12.5%	8.00M YoY-11.1%	9.00M YoY+80.0%	5.00M YoY-44.4%
Non-current lease liability	51.0M YoY+18.6%	43.0M YoY-15.7%	51.0M YoY-28.2%	71.0M YoY-10.1%	79.0M
Deferred tax liabilities	759M YoY-0.9%	766M YoY+22.2%	627M YoY+5.2%	596M YoY+22.9%	485M YoY+12.8%
Other non-current liabilities	480M YoY+2.6%	468M YoY+13.6%	412M YoY-14.5%	482M YoY-31.6%	705M YoY-24.4%
	-9.69B YoY-54.0%	-6.29B YoY-217.0%	-1.98B YoY+47.4%	-3.77B YoY-29.4%	-2.92B YoY+26.6%
Common stock	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%	1.00M YoY+0.0%
Additional paid-in capital	3.13B YoY+11.2%	2.82B YoY+15.5%	2.44B YoY+15.5%	2.11B YoY+15.5%	1.83B YoY+15.7%
Retained earnings	-10.6B YoY-44.1%	-7.36B YoY-180.9%	-2.62B YoY+33.0%	-3.91B YoY-5.6%	-3.71B YoY+15.0%
Treasury stock	2.21B YoY+29.3%	1.71B YoY+0.0%	1.71B YoY+0.0%	1.71B YoY+114.9%	794M YoY+0.0%
Accumulated other comprehensive income	-10.0M YoY+76.2%	-42.0M YoY+57.1%	-98.0M YoY+63.3%	-267M YoY-7.7%	-248M YoY+38.2%
Non-controlling interest	7.00M YoY+0.0%	7.00M YoY+16.7%	6.00M YoY-14.3%	7.00M YoY+16.7%	6.00M YoY+50.0%
Total equity incl. non-controlling	-9.68B YoY-54.1%	-6.28B YoY-217.6%	-1.98B YoY+47.5%	-3.77B YoY-29.4%	-2.91B YoY+26.7%
Total liabilities & equity	22.9B YoY-10.5%	25.6B YoY+28.1%	20.0B YoY+10.3%	18.1B YoY-6.3%	19.3B YoY+5.0%
	62.5M YoY+0.9%	61.9M YoY+1.5%	61.0M YoY+1.6%	60.0M YoY+1.1%	59.4M YoY+1.3%
	56.3M YoY+0.2%	56.2M YoY+1.7%	55.3M YoY+1.7%	54.4M YoY-1.6%	55.2M YoY+1.5%
Cash Flow	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	2.04B YoY-0.3%	2.04B YoY+48.7%	1.38B YoY+45.0%	948M YoY+3.8%	913M YoY-24.7%
Depreciation & amortization	367M YoY+17.6%	312M YoY+16.4%	268M YoY+5.9%	253M YoY+0.0%	253M YoY-10.6%
Share-based compensation	152M YoY-19.1%	188M YoY+39.3%	135M YoY-11.8%	153M YoY+18.6%	129M YoY+38.7%
Deferred income taxes	-10.0M YoY-200.0%	10.0M YoY+233.3%	3.00M YoY+113.6%	-22.0M YoY-164.7%	34.0M YoY+41.7%
Change in receivables	212M YoY+152.4%	84.0M YoY-60.4%	212M YoY+11.6%	190M YoY+143.6%	78.0M YoY+122.2%
Change in inventory	156M YoY+50.0%	104M YoY-60.2%	261M YoY+94.8%	134M YoY+269.6%	-79.0M YoY-227.4%
Change in payables	38.0M YoY+445.5%	-11.0M YoY-191.7%	12.0M YoY-79.3%	58.0M YoY+1833.3%	3.00M YoY+104.8%
	-595M YoY+75.6%	-2.44B YoY-171.2%	-900M YoY-62.7%	-553M YoY+29.6%	-785M YoY-198.2%
Capital expenditure	222M YoY+34.5%	165M YoY+18.7%	139M YoY+16.8%	119M YoY+13.3%	105M YoY+0.0%
Free cash flow	1.82B YoY-3.4%	1.88B YoY+52.1%	1.24B YoY+49.1%	829M YoY+2.6%	808M YoY-27.1%
Acquisitions	419M YoY-82.1%	2.35B YoY+208.0%	762M YoY+74.4%	437M YoY-54.6%	963M
	-4.90B YoY-254.5%	3.17B YoY+19918.8%	-16.0M YoY+99.3%	-2.15B YoY-2968.6%	-70.0M YoY-105.7%
Long-term debt issued	6.01B YoY-11.7%	6.82B	0.00	0.00 YoY-100.0%	1.93B YoY-53.0%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	500M	0.00	0.00 YoY-100.0%	912M	0.00 YoY-100.0%
Dividends paid	159M YoY-92.2%	2.04B YoY+5263.2%	38.0M YoY-96.5%	1.09B YoY+1394.5%	73.0M YoY-96.2%
Other financing activities	-10.0M YoY-25.0%	-8.00M YoY+60.0%	-20.0M YoY-900.0%	-2.00M	0.00 YoY+100.0%
FX effect on cash	4.00M YoY-71.4%	14.0M YoY+16.7%	12.0M YoY+136.4%	-33.0M YoY-375.0%	12.0M YoY+50.0%
Net change in cash	-3.45B YoY-223.8%	2.79B YoY+492.1%	471M YoY+126.4%	-1.79B YoY-2651.4%	70.0M YoY-97.8%
Interest paid	1.48B YoY+27.9%	1.16B YoY-0.2%	1.16B YoY+9.7%	1.06B YoY+4.9%	1.01B YoY+9.2%
Income taxes paid	640M YoY+18.7%	539M YoY+107.3%	260M YoY+18.2%	220M YoY+165.1%	83.0M YoY-62.8%
Valuation Ratios	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Market cap	74.2B YoY-7.5%	80.2B YoY+72.5%	46.5B YoY+63.0%	28.5B YoY-17.3%	34.5B YoY+33.4%
P/E	35.8× YoY-23.6%	46.8× YoY+15.6%	40.5× YoY+22.9%	33.0× YoY-35.1%	50.7× YoY+37.1%
P/S	8.4× YoY-16.8%	10.1× YoY+35.6%	7.5× YoY+41.8%	5.3× YoY-26.9%	7.2× YoY+41.9%
P/FCF	40.9× YoY-4.2%	42.7× YoY-3.6%	44.3× YoY+28.6%	34.4× YoY-19.4%	42.7× YoY+83.0%
	2.8% YoY+30.8%	2.1% YoY-13.5%	2.5% YoY-18.6%	3.0% YoY+54.0%	2.0% YoY-27.1%
	2.4% YoY+4.4%	2.3% YoY+3.7%	2.3% YoY-22.2%	2.9% YoY+24.1%	2.3% YoY-45.3%
	—	—	0.00% YoY-100.0%	3.5%	0.00% YoY-100.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: TDG's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TDG filings on SEC EDGAR → Not investment advice.