TDG · 10-K · 2026A

TransDigm Group INC

Filed 2026-11-10 · Automotive · View original filing on EDGAR

Everything TDG's SEC filings said, ranked

Ranked Events

• Acquisitions and DivestituresImportance 71 · Surprise 60
  TransDigm completed approximately $4.4 billion of acquisitions in fiscal 2026, net of cash acquired, including Simmonds for approximately $757 million, JPE and VSA for $2,142 million, and Prince & Izant for $1,058…
• Outstanding IndebtednessImportance 66 · Surprise 40
  Total debt was $34,763 million at September 30, 2026, up from $30,015 million a year earlier; approximately 75% of gross debt was fixed rate. Fiscal 2026 debt issuance included $2.0 billion in February and $1.5 billion…
• Liquidity and Cash PositionImportance 66 · Surprise 40
  At September 30, 2026, cash and cash equivalents were $2,279 million, total debt was $34,763 million, and total assets were $28,014 million. Cash liquidity was $3,144 million, including $865 million available on the…
• Capital Return ProgramImportance 64 · Surprise 42
  In November 2025, the Board authorized an additional $5.0 billion of repurchases under the existing stock repurchase program, which has no expiration date. During fiscal 2026, TransDigm repurchased 2,316,439 shares at…
• Interest Expense IncreaseImportance 59 · Surprise 48
  Net interest expense increased $436 million, or 27.7%, to $2,008 million in fiscal 2026 from $1,572 million in fiscal 2025. The increase was primarily due to higher outstanding borrowings and lower interest income. The…
• Operating Expense TrendsImportance 59 · Surprise 48
  Selling and administrative expenses increased $246 million, or 26.0%, to $1,191 million in fiscal 2026, and rose from 10.7% to 11.3% of net sales. The increase reflected fiscal 2026 acquisitions and additional costs to…
• Adjusted EBITDA PerformanceImportance 54 · Surprise 40
  For fiscal 2026, EBITDA was $5,217 million, up from $4,568 million in fiscal 2025, an increase of 14.2%. EBITDA As Defined rose to $5,563 million from $4,760 million, up 16.9% year over year. Fiscal 2026 EBITDA As…
• Gross Margin DriversImportance 54 · Surprise 40
  Fiscal 2026 gross profit increased 17.8% to $6,254 million, but gross margin declined from 60.1% to 59.2%. Cost of sales rose 22.2% to $4,303 million, including a 22.2% increase in cost of sales excluding depreciation,…
• Revenue Performance and MixImportance 54 · Surprise 40
  Fiscal 2026 net sales were $10,557 million, up $1,726 million or 19.5% from fiscal 2025; organic sales increased 11.3% to $9,832 million, while acquisition sales contributed 8.2% of growth. Organic growth included…
• Segment Revenue PerformanceImportance 53 · Surprise 48
  Power & Control generated $5,773 million of fiscal 2026 net sales, up $1,214 million or 26.6% from fiscal 2025, and increased its share of company sales from 51.6% to 54.7%. Airframe generated $4,603 million, up $491…
• Supply Chain and InventoryImportance 51 · Surprise 64
  Inventory changes were a $272 million use of cash in fiscal 2026, compared with a $146 million use in fiscal 2025, an approximately 86% increase. The company attributed the increase to higher raw-material inventory to…
• Capital ExpendituresImportance 50 · Surprise 30
  Fiscal 2026 capital expenditures were $274 million, compared with $222 million in fiscal 2025. The company estimated fiscal 2027 capital expenditures at 2.75% to 3.50% of net sales, funded from cash on hand. Spending…
• Market Demand TrendsImportance 42 · Surprise 40
  Commercial aftermarket sales increased approximately $350 million, or 13%, in fiscal 2026, driven by higher flight hours and utilization of passenger and freight aircraft and customers completing deferred maintenance.…
• Income Tax Rate ChangesImportance 36 · Surprise 14
  Fiscal 2026 income tax expense was approximately 23.7% of income before income taxes, compared with 21.1% in fiscal 2025, a 2.6 percentage-point increase. The reported income tax provision was 6.2% of net sales in…
• Defense Spending OutlookImportance 26 · Surprise 24
  The Company says military spending is highly uncertain because defense sales depend partly on government budget constraints, order timing, Department of War procurement policy, global conflicts, spending delays, and…
• Middle East Conflict ImpactImportance 17 · Surprise 24
  Commercial aftermarket sales increased in fiscal 2026 despite softening industry capacity and RPKs arising from the Middle East conflict. The Company is monitoring effects on global energy supplies and prices, global…
• Interest Rate and Refinancing ExposureImportance 13 · Surprise 6
  TransDigm’s objective is to maintain at least 75% fixed-rate debt and no more than 25% variable-rate debt to limit exposure to near-term interest-rate changes; approximately 75% of gross debt was fixed rate at…

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