TransDigm Group (TDG) Company Report

In Q4, TransDigm’s EBITDA margin was 54.2%, with commercial OEM revenue +7%, aftermarket +11%, defense +16%; generated >$500 M in operating cash flow and ended with >$2.8 B cash ($2 B pro forma Simmons)
Fiscal 2025 revenue and EBITDA as defined margins surpassed guidance; full-year channel growth: OEM –1%, aftermarket +10%, defense +13%
Fiscal 2026 guidance: revenue $9.85 B (+12%), EBITDA $5.15 B (+8%) at 52.3% margin, and adjusted EPS $37.51
FY25 capital allocation: ~$7 B deployed to M&A (Servotronics, Simmons Precision, ~$300 M tuck-ins) and shareholder returns (special dividend $90/share, $600 M share repurchases), leaving net debt/EBITDA at 5.8×
Recent acquisitions are expected to dilute margins by ~200 bps, but adjusting for M&A and mix headwinds, the core business delivered 0.5–1.5% annual margin expansion; M&A pipeline remains aerospace-focused and disciplined

Nov 12, 2025, 4:00 PM

Transcript

TransDigm reports Q4 FY2025 results

TDG

Earnings

Guidance Update

Q4 FY2025 revenue of $2,437 million, up from $2,185 million YoY; EBITDA As Defined of $1,320 million (54.2% margin) and adjusted EPS of $10.82.
Full-year FY2025 revenues of $8,831 million, up from $7,940 million; FY2025 adjusted EPS of $37.33, up from $33.99 in FY2024.
Q4 2025 pro forma revenue growth by market: Commercial OEM +7%, Commercial Aftermarket +11%, Defense +16%.
Fiscal 2026 guidance: revenues of $9.75 billion–$9.95 billion, adjusted EPS of $36.49–$38.53, with expected market growth in Commercial OEM (high single- to mid-teens), Commercial Aftermarket (high single-digit) and Defense (mid to high single-digit).

Nov 12, 2025, 4:00 PM

Presentation

TransDigm reports fiscal 2025 Q4 and year-end results

TDG

Earnings

Dividends

Debt Issuance

Q4 net sales of $2,437 million, up 12% year-over-year; fiscal 2025 net sales of $8,831 million, up 11%
Q4 net income of $609 million (30% increase) and EPS of $7.75 (34% increase); FY net income $2,074 million (21% increase) and EPS $32.08 (25% increase)
Q4 EBITDA As Defined of $1,320 million (15% increase) with a 54.2% margin; FY EBITDA As Defined of $4,760 million (14% increase) with a 53.9% margin
Declared a special cash dividend of $90.00 per share, with total payouts of approximately $5.2 billion funded by a $5.0 billion new debt issuance

Nov 12, 2025, 12:18 PM

8-K

TransDigm Group reports fiscal 2025 Q4 and year-end results

TDG

Earnings

Guidance Update

Dividends

Q4 net sales of $2,437 million (+12%) and EPS of $7.75 (+34%)
FY 2025 net sales of $8,831 million (+11%) and EPS of $32.08 (+25%), with EBITDA As Defined margin of 53.9%
Declared a special cash dividend of $90.00 per share (total ~$5.2 billion) and repurchased ~400 thousand shares for $0.5 billion in fiscal 2025
Fiscal 2026 guidance: net sales of $9,750–9,950 million (+11.5%), EPS of $31.55–33.59, and EBITDA As Defined of $5,075–5,225 million (≈52.3% margin)

Nov 12, 2025, 12:15 PM

Press Release

TransDigm completes acquisition of Simmonds Precision Products

TDG

M&A

Completed acquisition of Simmonds Precision Products business from RTX for $765 million in cash, including certain tax benefits, financed through cash on hand.
Simmonds, based in Vergennes, Vermont, is a leading global designer and manufacturer of fuel & proximity sensing and structural health monitoring solutions for aerospace and defense.
The acquired business employs approximately 900 people and is projected to generate $350 million in revenue for the calendar year ending December 31, 2025.

Oct 6, 2025, 11:54 AM

8-K

TransDigm Group completes acquisition of Simmonds Precision Products business

TDG

M&A

TransDigm Group (NYSE: TDG) completed its acquisition of the Simmonds Precision Products business from RTX Corporation for approximately $765 million in cash, including certain tax benefits, financed through cash on hand.
Simmonds, headquartered in Vergennes, Vermont, designs and manufactures fuel & proximity sensing and structural health monitoring solutions for aerospace and defense markets, with roughly 40% of its revenue from the aftermarket and nearly all revenue from proprietary products.
The acquired business is expected to generate about $350 million in revenue for the calendar year ending December 31, 2025, and employs approximately 900 people.

Oct 6, 2025, 11:49 AM

Press Release

TransDigm announces CEO succession

TDG

CEO Change

Management Change

Kevin Stein will retire as President and Chief Executive Officer effective September 30, 2025, after more than ten years in senior leadership at TransDigm.
Mike Lisman, Co-Chief Operating Officer since May 2023, will succeed Stein as President and Chief Executive Officer effective October 1, 2025.
Stein will remain with the company as an advisor through March 31, 2026 and continue serving on TransDigm’s Board of Directors.
Lisman’s background includes roles as CFO, Executive Vice President, head of M&A, and Business Unit Manager, and he holds a B.S. in aerospace engineering from Notre Dame and an MBA from Harvard Business School.

Oct 1, 2025, 8:10 PM

8-K

TransDigm completes acquisition of Servotronics

TDG

M&A

Delisting/Listing Issues

TransDigm acquired Servotronics via a $47.00 per share cash tender offer, with 87.09% of common stock validly tendered by June 30, 2025.
All conditions were satisfied or waived, and the merger closed on July 1, 2025 without a stockholder vote under DGCL Section 251(h).
Remaining shares will be converted into the right to receive $47.00 per share, and Servotronics will be promptly delisted from the NYSE American.

Jul 1, 2025, 12:42 PM

Press Release

TransDigm Group Inc Issues $2.65B 6.375% Senior Subordinated Notes

TDG

Debt Issuance

On May 20, 2025, TransDigm completed a private offering of $2,650 million in 6.375% Senior Subordinated Notes due 2033 at an issue price of 99.225% (citation: ).
The net proceeds, along with cash on hand, will be used to redeem all outstanding 5.500% Senior Subordinated Notes due 2027 and to cover related transaction fees (citation: ).

May 20, 2025, 12:00 AM

8-K

TransDigm Group Announces Acquisition of Servotronics

TDG

M&A

TransDigm will acquire Servotronics in an all-cash transaction at $38.50 per share for a deal valued at approximately $110 million (representing a premium of about 274% over Servotronics' closing price).
The acquisition will commence with a cash tender offer on or before June 9, 2025, funded using TransDigm's available cash, followed by a merger to acquire any remaining shares.
Servotronics, a leading designer and manufacturer of servo valves and controls for aerospace and defense, will become an indirect wholly owned subsidiary, enhancing TransDigm’s portfolio in highly engineered aircraft components.

May 19, 2025, 12:30 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for TransDigm Group.

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