TransDigm Group Incorporated (TDG) Income Statement
TDG FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsTDG revenue and net income
Where TDG's revenue goes
FY2025Each bar shows an amount and its share of revenue. TDG kept 23.5% of revenue as net income.
TDG profit margins
TDG growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.2% | +17.6% | +11.6% | +12.6% |
| Gross profit | +9.6% | +18.2% | +14.1% | +13.8% |
| Operating income | +18.9% | +23.8% | +19.1% | +14.3% |
| Net income | +21.0% | +33.8% | +24.3% | +16.7% |
| EPS (diluted) | +9.9% | +29.5% | +20.9% | +15.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TDG quarterly EPS vs estimates
TransDigm beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 11, 2026 (estimate $11.52).
TDG income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.83B | $7.94B | $6.58B | $5.43B | $4.80B | $5.10B | $5.22B | $3.81B | $3.50B | $3.17B |
| Cost of revenue | $3.71B | $3.27B | $2.74B | $2.33B | $2.29B | $2.46B | $2.54B | $1.69B | $1.60B | $1.51B |
| Gross profit | $5.12B | $4.67B | $3.84B | $3.10B | $2.51B | $2.65B | $2.68B | $2.12B | $1.90B | $1.66B |
| Research & development | $118.0M | $107.0M | $105.0M | $94.9M | $105.6M | $130.9M | $116.8M | $73.8M | $73.8M | $58.6M |
| Sales, general & admin | $803.0M | $980.0M | $780.0M | $748.0M | $685.0M | $727.0M | $669.9M | $442.5M | $409.1M | $356.9M |
| Total operating expenses | $921.0M | $1.14B | $919.0M | $884.0M | $822.0M | $896.0M | $669.0M | $442.5M | $409.1M | $356.9M |
| Operating income | $4.20B | $3.53B | $2.92B | $2.21B | $1.69B | $1.75B | $2.01B | $1.68B | $1.49B | $1.30B |
| Interest income | $1.57B | $1.29B | $1.16B | $1.08B | $1.06B | $1.03B | $859.8M | $663.0M | $602.6M | $483.9M |
| Interest expense | $1.64B | $1.34B | $1.22B | $1.08B | $1.10B | $1.06B | $865.8M | $669.4M | $639.3M | $498.2M |
| Income before taxes | $2.63B | $2.21B | $1.72B | $1.13B | $715.0M | $740.0M | $1.06B | $985.6M | $837.4M | $768.1M |
| Income taxes | $555.0M | $500.0M | $417.0M | $261.0M | $34.0M | $87.0M | $222.0M | $24.0M | $208.9M | $181.7M |
| Net income | $2.07B | $1.71B | $1.30B | $866.0M | $680.0M | $699.0M | $778.7M | $907.8M | $437.6M | $583.4M |
| EBITDA | $4.56B | $3.81B | $3.15B | $2.46B | $2.03B | $2.05B | $2.15B | $1.78B | $1.62B | $1.39B |
| EPS (diluted) | $37.36 | $33.98 | $25.84 | $17.21 | $12.13 | $14.46 | $18.63 | $14.86 | $12.37 | $11.51 |
| Gross margin | 58.0% | 58.8% | 58.3% | 57.1% | 52.4% | 51.9% | 51.4% | 55.6% | 54.2% | 52.3% |
| Operating margin | 47.6% | 44.5% | 44.4% | 40.8% | 35.2% | 34.3% | 38.6% | 44.0% | 42.5% | 41.1% |
| Net margin | 23.5% | 21.6% | 19.7% | 16.0% | 14.2% | 13.7% | 14.9% | 23.8% | 12.5% | 18.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.74B | $2.54B | $2.29B | $2.44B | $2.24B | $2.15B | $2.01B | $2.19B | $2.05B | $1.92B | $1.79B | $1.85B |
| Cost of revenue | $1.11B | $1.03B | $933.0M | $967.0M | $905.0M | $876.0M | $771.0M | $927.0M | $826.0M | $767.0M | $747.0M | $760.0M |
| Gross profit | $1.63B | $1.51B | $1.35B | $1.47B | $1.33B | $1.27B | $1.24B | $1.26B | $1.22B | $1.15B | $1.04B | $1.09B |
| Sales, general & admin | $332.0M | $264.0M | $249.0M | $248.0M | $236.0M | $231.0M | $207.0M | $264.0M | $227.0M | $237.0M | $219.0M | $207.0M |
| Total operating expenses | $401.0M | $324.0M | $305.0M | $309.0M | $293.0M | $283.0M | $261.0M | $316.0M | $286.0M | $285.0M | $255.0M | $236.0M |
| Operating income | $1.23B | $1.19B | $1.05B | $1.16B | $1.04B | $991.0M | $974.0M | $943.0M | $934.0M | $867.0M | $787.0M | $856.0M |
| Interest income | — | — | $475.0M | $420.0M | $397.0M | $378.0M | $378.0M | $343.0M | — | — | — | $292.0M |
| Interest expense | $514.0M | $484.0M | $475.0M | $420.0M | $397.0M | $378.0M | $378.0M | $342.0M | $346.0M | $354.0M | $300.0M | $307.0M |
| Income before taxes | $713.0M | $700.0M | $572.0M | $753.0M | $635.0M | $622.0M | $619.0M | $605.0M | $602.0M | $519.0M | $488.0M | $550.0M |
| Income taxes | $173.0M | $164.0M | $127.0M | $144.0M | $142.0M | $143.0M | $126.0M | $138.0M | $141.0M | $115.0M | $106.0M | $136.0M |
| Net income | $539.0M | $535.0M | $445.0M | $610.0M | $492.0M | $479.0M | $493.0M | $468.0M | $461.0M | $403.0M | $382.0M | $415.0M |
| EBITDA | $1.35B | $1.29B | $1.15B | $1.27B | $1.12B | $1.09B | $1.09B | $1.04B | $994.0M | $917.0M | $859.0M | $911.0M |
| EPS (diluted) | $9.97 | $9.85 | $8.23 | $10.82 | $9.60 | $9.11 | $7.83 | $9.83 | $9.00 | $7.99 | $7.16 | $8.03 |
| Gross margin | 59.4% | 59.4% | 59.2% | 60.3% | 59.5% | 59.3% | 61.6% | 57.6% | 59.6% | 60.0% | 58.2% | 59.0% |
| Operating margin | 44.8% | 46.7% | 45.8% | 47.6% | 46.4% | 46.1% | 48.6% | 43.1% | 45.7% | 45.2% | 44.0% | 46.2% |
| Net margin | 19.7% | 21.0% | 19.5% | 25.0% | 22.0% | 22.3% | 24.6% | 21.4% | 22.5% | 21.0% | 21.4% | 22.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TDG's financial statements (latest annual report filed November 12, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TDG financial results
In fiscal year 2025 (ended September 30, 2025), TransDigm reported revenue of $8.8 billion, up 11.2% from the year before. It had net income of $2.1 billion (up 21.0%), a net profit margin of 23.5%. Diluted earnings per share came to $37.36. Over five years revenue grew at an average rate of 11.6% a year.
See the TDG stock overview for the latest quote and news, or the TDG chart for price history and technical indicators.
TDG income statement FAQ
What is TransDigm's annual revenue?
TransDigm reported total revenue of $8.8 billion for fiscal year 2025, which ended on September 30, 2025. That was up 11.2% from $7.9 billion the previous year.
Is TransDigm profitable?
Yes. TransDigm reported net income of $2.1 billion in fiscal 2025, a net profit margin of 23.5%; its operating margin was 47.6%.
What is TransDigm's gross margin?
TransDigm's gross margin was 58.0% in fiscal 2025: for every $100 of revenue, TransDigm kept $58 after the direct cost of its products and services.
How much does TransDigm spend on research and development?
TransDigm spent $118.0 million on research and development in fiscal 2025, 1.3% of revenue.
How fast is TransDigm growing?
Revenue grew 11.6% a year on average over the last five fiscal years, from $5.1 billion to $8.8 billion.
What are TransDigm's earnings per share?
TransDigm earned $37.36 per diluted share in fiscal 2025, compared with $33.98 a year earlier.
When will TransDigm report its next earnings?
TransDigm is expected to report results for the quarter ending September 30, 2026 on November 11, 2026.
When does TransDigm's fiscal year end?
TransDigm's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 12, 2025.