Cash flow TransDigm Group Inc.

Equities

TDG

US8936411003

Aerospace & Defense

Market Closed - Nyse Other stock markets 06:00:03 11/04/26 am AEST			5-day change	1st Jan Change
1,207.18 ^USD	-1.50%		+3.44%	-9.22%

08/04	TD Cowen Adjusts Price Target on TransDigm to $1,450 From $1,565, Maintains Buy Rating	MT
08/04	TransDigm Group Incorporated completed the acquisition of Victor Sierra Aviation Holdings LLC and Jet Parts Engineering, LLC from Vance Street Management LLC.	CI

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Published financial data: TRANSDIGM GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues	4.8B	5.43B	6.58B	7.94B	8.83B
Total Revenues	4.8B	5.43B	6.58B	7.94B	8.83B
Cost of Goods Sold, Total	2.25B	2.32B	2.74B	3.25B	3.51B
Gross Profit	2.55B	3.11B	3.84B	4.69B	5.32B
Selling General & Admin Expenses, Total	636M	755M	759M	935M	921M
Amortization of Goodwill and Intangible Assets - (IS)	137M	136M	139M	161M	201M
Other Operating Expenses, Total	773M	891M	898M	1.1B	1.12B
Operating Income	1.78B	2.22B	2.94B	3.6B	4.2B
Interest Expense, Total	-1.06B	-1.08B	-1.16B	-1.29B	-1.57B
Net Interest Expenses	-1.06B	-1.08B	-1.16B	-1.29B	-1.57B
Currency Exchange Gains (Loss)	3.6M	-	-	-	-
Other Non Operating Income (Expenses)	-600K	-	6M	18M	37M
EBT, Excl. Unusual Items	720M	1.14B	1.79B	2.33B	2.66B
Restructuring Charges	-36M	-	-	-	-
Merger & Related Restructuring Charges	-35M	-18M	-14M	-67M	-34M
Gain (Loss) On Sale Of Assets	69M	7M	-	11M	10M
Insurance Settlements	24M	-	-	-	-
Legal Settlements	3M	-	-	-	-
Other Unusual Items	-30M	-1M	-56M	-58M	-11M
EBT, Incl. Unusual Items	715M	1.13B	1.72B	2.22B	2.63B
Income Tax Expense	34M	261M	417M	500M	555M
Earnings From Continuing Operations	681M	866M	1.3B	1.72B	2.07B
Earnings Of Discontinued Operations	-	1M	-	-	-
Net Income to Company	681M	867M	1.3B	1.72B	2.07B
Minority Interest	-1M	-1M	-1M	-1M	-
Net Income - (IS)	680M	866M	1.3B	1.71B	2.07B
Preferred Dividend and Other Adjustments	73M	86M	38M	233M	208M
Net Income to Common Incl Extra Items	607M	780M	1.26B	1.48B	1.87B
Net Income to Common Excl. Extra Items	607M	779M	1.26B	1.48B	1.87B
Per Share Items
Net EPS - Basic	10.39	13.4	22.03	25.62	32.06
Basic EPS - Continuing Operations	10.39	13.38	22.03	25.62	32.06
Basic Weighted Average Shares Outstanding	58.4M	58.2M	57.2M	57.8M	58.2M
Net EPS - Diluted	10.39	13.4	22.03	25.62	32.06
Diluted EPS - Continuing Operations	10.39	13.38	22.03	25.62	32.06
Diluted Weighted Average Shares Outstanding	58.4M	58.2M	57.2M	57.8M	58.2M
Normalized Basic EPS	7.69	12.21	19.5	25.17	28.61
Normalized Diluted EPS	7.69	12.21	19.5	25.17	28.61
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	2.03B	2.47B	3.21B	3.91B	4.57B
EBITA	1.91B	2.35B	3.08B	3.76B	4.4B
EBIT	1.78B	2.22B	2.94B	3.6B	4.2B
EBITDAR	2.06B	2.49B	3.23B	3.93B	4.59B
Effective Tax Rate - (Ratio)	4.76	23.16	24.3	22.57	21.11
Current Domestic Taxes	-7M	221M	317M	392M	465M
Current Foreign Taxes	7M	62M	97M	98M	100M
Total Current Taxes	0	283M	414M	490M	565M
Deferred Domestic Taxes	5M	-25M	39M	1M	-31M
Deferred Foreign Taxes	29M	3M	-36M	9M	21M
Total Deferred Taxes	34M	-22M	3M	10M	-10M
Normalized Net Income	449M	711M	1.12B	1.45B	1.66B
Interest on Long-Term Debt	6.8M	9.2M	13M	16M	19M
Non-Cash Pension Expense	-14M	18M	-7M	1M	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	106M	94.9M	-	-	-
Net Rental Expense, Total	29M	24M	21M	22M	23M
Imputed Operating Lease Interest Expense	12.02M	10.26M	9.82M	10.11M	10.51M
Imputed Operating Lease Depreciation	16.98M	13.74M	11.18M	11.89M	12.49M
Stock-Based Comp., COGS (Total)	13M	19M	17M	21M	15M
Stock-Based Comp., SG&A Exp. (Total)	116M	165M	141M	196M	142M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	129M	184M	158M	217M	157M

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.79B	3B	3.47B	6.26B	2.81B
Trading Asset Securities, Total	-	127M	103M	54M	3M
Total Cash And Short Term Investments	4.79B	3.13B	3.58B	6.32B	2.81B
Accounts Receivable, Total	861M	1.09B	1.42B	1.65B	1.9B
Total Receivables	861M	1.09B	1.42B	1.65B	1.9B
Inventory	1.18B	1.33B	1.62B	1.88B	2.1B
Prepaid Expenses	197M	103M	126M	184M	209M
Other Current Assets, Total	-	-	-	3M	-
Total Current Assets	7.03B	5.65B	6.74B	10.03B	7.01B
Gross Property Plant And Equipment	1.5B	1.67B	2.19B	2.57B	2.84B
Accumulated Depreciation	-635M	-780M	-870M	-1.02B	-1.19B
Net Property Plant And Equipment	864M	892M	1.32B	1.55B	1.64B
Long-term Investments	8M	68M	111M	3M	8M
Goodwill	8.57B	8.64B	8.99B	10.42B	10.61B
Other Intangibles, Total	2.79B	2.75B	2.75B	3.45B	3.45B
Accounts Receivable Long-Term	2M	1M	1M	31M	94M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	52M	106M	66M	109M	85M
Total Assets	19.32B	18.11B	19.97B	25.59B	22.91B
Liabilities
Accounts Payable, Total	227M	279M	305M	323M	368M
Accrued Expenses, Total	372M	363M	358M	468M	468M
Short-term Borrowings	349M	350M	349M	486M	724M
Current Portion of Long-Term Debt	375M	74M	66M	92M	116M
Current Portion of Leases	22M	20M	21M	25M	23M
Current Income Taxes Payable	-	-	138M	108M	40M
Unearned Revenue Current, Total	25M	45M	79M	168M	143M
Other Current Liabilities	293M	295M	263M	4.67B	300M
Total Current Liabilities	1.66B	1.43B	1.58B	6.34B	2.18B
Long-Term Debt	19.45B	19.22B	19.18B	24.05B	28.89B
Long-Term Leases	177M	215M	239M	299M	327M
Unearned Revenue Non Current	5M	9M	8M	9M	7M
Pension & Other Post Retirement Benefits	-	-	-	19M	-
Deferred Tax Liability Non Current	485M	596M	627M	766M	759M
Other Non Current Liabilities	441M	402M	312M	389M	419M
Total Liabilities	22.22B	21.87B	21.95B	31.87B	32.59B
Common Stock, Total	1M	1M	1M	1M	1M
Additional Paid In Capital	1.83B	2.11B	2.44B	2.82B	3.14B
Retained Earnings	-3.7B	-3.91B	-2.62B	-7.36B	-10.61B
Treasury Stock	-794M	-1.71B	-1.71B	-1.71B	-2.21B
Comprehensive Income and Other	-248M	-267M	-98M	-42M	-10M
Total Common Equity	-2.92B	-3.77B	-1.98B	-6.29B	-9.69B
Minority Interest	6M	7M	6M	7M	7M
Total Equity	-2.91B	-3.77B	-1.98B	-6.28B	-9.68B
Total Liabilities And Equity	19.32B	18.11B	19.97B	25.59B	22.91B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	55.25M	54.37M	55.31M	56.23M	56.32M
ECS Total Common Shares Outstanding	55.2M	54.36M	55.31M	56.22M	56.38M
Book Value / Share	-52.82	-69.41	-35.87	-111.89	-171.81
Tangible Book Value	-14.28B	-15.16B	-13.72B	-20.16B	-23.75B
Tangible Book Value Per Share	-258.58	-278.95	-248.05	-358.53	-421.32
Total Debt	20.38B	19.88B	19.86B	24.95B	30.08B
Net Debt	15.59B	16.76B	16.28B	18.64B	27.27B
Debt Equivalent of Unfunded Proj. Benefit Obligation	28M	21M	9M	6M	-
Debt Equivalent Oper. Leases	232M	192M	168M	176M	184M
Minority Interest, Total (Incl. Fin. Div)	6M	7M	6M	7M	7M
Account Code - Inventory Valuation	6	6	6	6	5
Inventories - Raw Materials, Total	850M	959M	1.14B	1.31B	1.52B
Inventories - Work In Process, Total	322M	359M	455M	508M	555M
Inventories - Finished Goods, Total	207M	210M	226M	290M	288M
Land - (BS)	103M	103M	119M	186M	192M
Buildings, Total	409M	461M	567M	733M	794M
Machinery, Total	832M	945M	1.33B	1.44B	1.62B
Full Time Employees	13.3K	14.4K	15.5K	16.6K	16.5K
Accumulated Allowance for Doubtful Accounts (Supple)	30M	35M	31M	32M	25M
Order Backlog	-	-	-	-	-

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	680M	866M	1.3B	1.71B	2.07B
Depreciation & Amortization - CF	115M	116M	129M	149M	163M
Amortization of Goodwill and Intangible Assets - (CF)	138M	137M	139M	163M	204M
Depreciation & Amortization, Total	253M	253M	268M	312M	367M
Amortization of Deferred Charges, Total - (CF)	34M	34M	41M	40M	38M
(Gain) Loss From Sale Of Asset	-69M	-7M	-	-11M	-10M
Stock-Based Compensation (CF)	129M	153M	157M	217M	157M
Net Cash From Discontinued Operations	-	-1M	-	-	-
Other Operating Activities, Total	10M	-90M	42M	75M	-30M
Change In Accounts Receivable	-78M	-190M	-212M	-84M	-212M
Change In Inventories	79M	-134M	-261M	-104M	-156M
Change In Accounts Payable	3M	58M	12M	-11M	38M
Change In Income Taxes	-63M	58M	168M	-62M	-94M
Change in Other Net Operating Assets	-65M	-52M	-138M	-41M	-134M
Cash from Operations	913M	948M	1.38B	2.04B	2.04B
Capital Expenditure	-105M	-119M	-139M	-165M	-222M
Cash Acquisitions	-963M	-437M	-762M	-2.35B	-419M
Divestitures	259M	3M	1M	-	-
Other Investing Activities, Total	24M	-	-	71M	46M
Cash from Investing	-785M	-553M	-900M	-2.44B	-595M
Short Term Debt Issued, Total	-	-	-	137M	238M
Long-Term Debt Issued, Total	2.13B	-	9.74B	14.19B	11.11B
Total Debt Issued	2.13B	-	9.74B	14.32B	11.34B
Long-Term Debt Repaid, Total	-2.26B	-275M	-9.92B	-9.35B	-6.27B
Total Debt Repaid	-2.26B	-275M	-9.92B	-9.35B	-6.27B
Issuance of Common Stock	128M	132M	215M	245M	166M
Repurchase of Common Stock	-	-912M	-	-	-500M
Special Dividend Paid	-	-1B	-	-1.94B	-9.34B
Other Financing Activities, Total	-73M	-88M	-58M	-109M	-301M
Cash from Financing	-70M	-2.15B	-16M	3.17B	-4.9B
Foreign Exchange Rate Adjustments	12M	-33M	12M	14M	4M
Net Change in Cash	70M	-1.79B	471M	2.79B	-3.45B
Supplemental Items
Cash Interest Paid	1.01B	1.06B	1.16B	-	-
Cash Income Tax Paid (Refund)	83M	220M	260M	539M	640M
Levered Free Cash Flow	763M	843M	1.01B	5.89B	-2.92B
Unlevered Free Cash Flow	1.39B	1.48B	1.7B	6.65B	-1.98B
Change In Net Working Capital	-4M	221M	431M	-4.04B	4.9B
Net Debt Issued / Repaid	-125M	-275M	-173M	4.97B	5.07B

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.89	7.4	9.66	9.87	10.82
Return on Total Capital	6.53	8.24	10.8	12.32	13.43
Return On Equity %	-19.8	-25.94	-45.23	-41.52	-25.99
Return on Common Equity	-17.62	-23.29	-43.77	-35.8	-23.36
Margin Analysis
Gross Profit Margin %	53.13	57.21	58.34	59.11	60.25
SG&A Margin	13.26	13.91	11.53	11.78	10.43
EBITDA Margin %	42.29	45.46	48.78	49.23	51.7
EBITA Margin %	39.89	43.32	46.82	47.36	49.86
EBIT Margin %	37.02	40.8	44.71	45.3	47.55
Income From Continuing Operations Margin %	14.19	15.95	19.73	21.6	23.49
Net Income Margin %	14.17	15.95	19.71	21.59	23.49
Net Avail. For Common Margin %	12.65	14.35	19.13	18.65	21.13
Normalized Net Income Margin	9.36	13.09	16.94	18.32	18.85
Levered Free Cash Flow Margin	15.9	15.53	15.33	74.19	-33.09
Unlevered Free Cash Flow Margin	28.99	27.29	25.76	83.81	-22.39
Asset Turnover
Asset Turnover	0.25	0.29	0.35	0.35	0.36
Fixed Assets Turnover	5.58	6.18	5.96	5.54	5.53
Receivables Turnover (Average Receivables)	5.93	5.58	5.25	5.17	4.98
Inventory Turnover (Average Inventory)	1.82	1.85	1.86	1.86	1.77
Short Term Liquidity
Current Ratio	4.23	3.96	4.27	1.58	3.21
Quick Ratio	3.4	2.96	3.16	1.26	2.16
Operating Cash Flow to Current Liabilities	0.55	0.66	0.87	0.32	0.93
Days Sales Outstanding (Average Receivables)	61.51	65.45	69.48	70.8	73.32
Days Outstanding Inventory (Average Inventory)	200.27	197.74	196.14	196.81	206.47
Average Days Payable Outstanding	37.76	37.39	35.21	32.77	33.82
Cash Conversion Cycle (Average Days)	224.02	225.8	230.41	234.84	245.97
Long Term Solvency
Total Debt/Equity	-700.24	-527.99	-1K	-397.1	-310.82
Total Debt / Total Capital	116.66	123.37	111.06	133.66	147.43
LT Debt/Equity	-674.6	-516.2	-981.9	-387.51	-301.9
Long-Term Debt / Total Capital	112.39	120.61	108.62	130.43	143.2
Total Liabilities / Total Assets	115.07	120.8	109.9	124.56	142.25
EBIT / Interest Expense	1.68	2.06	2.53	2.8	2.67
EBITDA / Interest Expense	1.94	2.32	2.78	3.06	2.92
(EBITDA - Capex) / Interest Expense	1.84	2.21	2.66	2.93	2.78
Total Debt / EBITDA	9.9	7.98	6.14	6.35	6.56
Net Debt / EBITDA	7.58	6.72	5.04	4.74	5.94
Total Debt / (EBITDA - Capex)	10.43	8.38	6.42	6.63	6.89
Net Debt / (EBITDA - Capex)	7.98	7.06	5.26	4.95	6.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.98	13.15	21.29	20.58	11.22
Gross Profit, 1 Yr. Growth %	-5.38	21.71	23.98	22.09	13.38
EBITDA, 1 Yr. Growth %	-4.43	21.4	30.52	21.97	16.78
EBITA, 1 Yr. Growth %	-4.73	22.63	31.47	22.24	17.07
EBIT, 1 Yr. Growth %	-3.48	24.44	33.33	22.47	16.7
Earnings From Cont. Operations, 1 Yr. Growth %	4.29	27.17	50	32.02	20.93
Net Income, 1 Yr. Growth %	-2.72	27.35	49.88	32.05	21
Normalized Net Income, 1 Yr. Growth %	-18.12	57.45	57.86	29.63	14.46
Diluted EPS Before Extra, 1 Yr. Growth %	27.53	28.78	64.57	16.32	25.13
Accounts Receivable, 1 Yr. Growth %	13.89	26.13	30.85	16.19	14.9
Inventory, 1 Yr. Growth %	-7.64	12.4	21.32	16.09	11.67
Net Property, Plant and Equip., 1 Yr. Growth %	1.05	3.24	47.87	17.44	6.13
Total Assets, 1 Yr. Growth %	5	-6.25	10.29	28.12	-10.46
Tangible Book Value, 1 Yr. Growth %	-1.35	6.23	-9.53	46.91	17.85
Common Equity, 1 Yr. Growth %	-26.59	29.39	-47.42	217.04	53.99
Cash From Operations, 1 Yr. Growth %	-24.73	3.83	45.04	48.73	-0.34
Capital Expenditures, 1 Yr. Growth %	0	13.33	16.81	18.7	34.55
Levered Free Cash Flow, 1 Yr. Growth %	-57.22	8.81	28.03	486.03	-149.6
Unlevered Free Cash Flow, 1 Yr. Growth %	-41.9	5.62	18.85	293.36	-129.72
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.15	3.14	17.15	20.93	15.8
Gross Profit, 2 Yr. CAGR %	-4.74	8.32	23.65	23.06	17.68
EBITDA, 2 Yr. CAGR %	-2.99	9.83	28.08	25.75	19.62
EBITA, 2 Yr. CAGR %	-3.73	10.34	29.34	26.33	19.91
EBIT, 2 Yr. CAGR %	-4.07	12.09	31.4	27.32	19.86
Earnings From Cont. Operations, 2 Yr. CAGR %	-10.01	15.16	38.11	40.73	26.36
Net Income, 2 Yr. CAGR %	-12.59	11.31	38.16	40.68	26.41
Normalized Net Income, 2 Yr. CAGR %	-17.78	21.82	64.75	45.63	22.67
Diluted EPS Before Extra, 2 Yr. CAGR %	-10.34	28.15	45.58	38.36	20.64
Accounts Receivable, 2 Yr. CAGR %	-12.01	19.85	28.47	23.3	15.54
Inventory, 2 Yr. CAGR %	-1.97	1.89	16.78	18.68	13.86
Net Property, Plant and Equip., 2 Yr. CAGR %	6.83	2.14	23.56	31.78	11.64
Total Assets, 2 Yr. CAGR %	9.01	-0.79	1.68	18.87	7.11
Tangible Book Value, 2 Yr. CAGR %	2.99	2.37	-1.97	15.29	31.58
Common Equity, 2 Yr. CAGR %	0.38	-2.54	-17.51	29.12	120.95
Cash From Operations, 2 Yr. CAGR %	-5.16	-11.6	22.72	46.87	21.74
Capital Expenditures, 2 Yr. CAGR %	1.46	6.46	15.06	17.75	26.38
Levered Free Cash Flow, 2 Yr. CAGR %	49.79	-30.32	29.96	210.4	71.34
Unlevered Free Cash Flow, 2 Yr. CAGR %	187.09	-20.53	17.63	130.73	8.44
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.98	1.3	8.87	18.28	17.61
Gross Profit, 3 Yr. CAGR %	5.29	3.41	13.22	23.15	19.74
EBITDA, 3 Yr. CAGR %	4.25	4.61	16.22	25.92	22.7
EBITA, 3 Yr. CAGR %	3.35	4.43	16.86	26.83	23.18
EBIT, 3 Yr. CAGR %	2.24	4.7	18.64	28.25	23.69
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.88	0.98	25.77	36.05	33.79
Net Income, 3 Yr. CAGR %	-10.77	-0.91	22.91	36.09	33.79
Normalized Net Income, 3 Yr. CAGR %	-10.41	2.29	32.54	52.41	34.4
Diluted EPS Before Extra, 3 Yr. CAGR %	-13.92	1.16	39.3	35.09	33.8
Accounts Receivable, 3 Yr. CAGR %	6.42	-0.79	23.41	24.24	20.43
Inventory, 3 Yr. CAGR %	13.74	2.61	8	16.55	16.29
Net Property, Plant and Equip., 3 Yr. CAGR %	30.55	5.62	15.55	21.48	22.61
Total Assets, 3 Yr. CAGR %	16.56	3.66	2.78	9.83	8.16
Tangible Book Value, 3 Yr. CAGR %	13.28	4.06	-1.76	12.19	16.13
Common Equity, 3 Yr. CAGR %	17.26	9.24	-20.66	29.21	36.93
Cash From Operations, 3 Yr. CAGR %	-3.69	-2.25	4.27	30.84	29.06
Capital Expenditures, 3 Yr. CAGR %	12.88	5.27	9.8	16.26	23.1
Levered Free Cash Flow, 3 Yr. CAGR %	2.22	35.33	-16.53	114.39	68.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.91	106.28	-10.25	75.76	16.53
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.63	9.15	11.56	8.74	11.59
Gross Profit, 5 Yr. CAGR %	7.69	9.15	11.96	10.81	14.99
EBITDA, 5 Yr. CAGR %	7	8.49	12.39	12.64	17.42
EBITA, 5 Yr. CAGR %	6.41	8.13	12.2	12.73	17.91
EBIT, 5 Yr. CAGR %	6.03	8.08	12.11	13.26	18.95
Earnings From Cont. Operations, 5 Yr. CAGR %	3.04	6.62	6.19	15.32	26
Net Income, 5 Yr. CAGR %	3.01	7.73	6.29	14.01	24.3
Normalized Net Income, 5 Yr. CAGR %	-3.12	4.84	12.3	16.97	28.3
Diluted EPS Before Extra, 5 Yr. CAGR %	0.01	9.63	6.21	14.66	31.51
Accounts Receivable, 5 Yr. CAGR %	8.36	11.29	14.75	8.23	20.2
Inventory, 5 Yr. CAGR %	10.36	12.76	14.95	8.76	10.3
Net Property, Plant and Equip., 5 Yr. CAGR %	22.71	22.38	27.71	15.4	13.97
Total Assets, 5 Yr. CAGR %	12.48	12.66	10.36	9.5	4.49
Tangible Book Value, 5 Yr. CAGR %	12.01	7.8	6.92	8.41	10.42
Common Equity, 5 Yr. CAGR %	34.95	5.04	1.87	16.8	19.52
Cash From Operations, 5 Yr. CAGR %	5.97	3.75	6.11	15.04	10.94
Capital Expenditures, 5 Yr. CAGR %	19.01	10.88	13.75	10.1	16.15
Levered Free Cash Flow, 5 Yr. CAGR %	9.78	8.16	7.16	76.89	10.98
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.71	9.88	8.91	108.53	-3.36