TDGTransDigm Group

Industrials · Aerospace Parts · NYSE

Headquarters: Cleveland, OH
CEO: Kevin M. Stein
Next results: around Nov 11, 2026

TDG and 9 peers, year by year

The 9 Industrials companies closest to TDG in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
TDG TransDigm Group	FY2025	$8.8B	+11.2%	60.1%	47.2%	23.5%	20.6%	n/m	n/m
HWM Howmet Aerospace	FY2025	$8.3B	+11.1%	-	24.8%	18.3%	17.3%	28.2%	0.57
FAST Fastenal	FY2025	$8.2B	+8.7%	45.0%	20.2%	15.3%	12.8%	31.9%	0.03
FDXF FedEx Freight	FY2026	$8.8B	−1.1%	-	6.1%	7.4%	−2.4%	n/m	n/m
XYL Xylem Inc.	FY2025	$9.0B	+5.5%	38.5%	13.5%	10.6%	10.1%	8.3%	0.22
ROK Rockwell Automation	FY2025	$8.3B	+0.9%	48.1%	20.4%	10.4%	16.3%	23.8%	0.88
DOV Dover Corporation	FY2025	$8.1B	+4.5%	39.8%	17.0%	13.5%	13.8%	14.8%	0.54
CTAS Cintas	FY2026	$11.3B	+8.9%	50.7%	23.1%	17.8%	16.7%	38.9%	0.28
AME Ametek	FY2025	$7.4B	+6.6%	-	25.8%	20.0%	22.6%	13.9%	0.33
IR Ingersoll Rand	FY2025	$7.7B	+5.7%	43.6%	15.0%	7.6%	15.9%	5.8%	0.47

Revenuepeer median $8.3B

Sales growthpeer median +5.7%

Gross marginpeer median 44.3%

TDG 60.1%
CTAS 50.7%
ROK 48.1%
FAST 45.0%
IR 43.6%
DOV 39.8%
XYL 38.5%
HWM -
FDXF -
AME -

Operating marginpeer median 20.2%

Net marginpeer median 13.5%

FCF marginpeer median 15.9%

Return on equitypeer median 19.3%

Debt / equitypeer median 0.40

ROK 0.88
HWM 0.57
DOV 0.54
IR 0.47
AME 0.33
CTAS 0.28
XYL 0.22
FAST 0.03
TDG n/m
FDXF n/m

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	$3.2B	$3.5B	$3.8B	$5.2B	$5.1B	$4.8B	$5.4B	$6.6B	$7.9B	$8.8B
HWM Dec	$12.4B	$13.0B	$6.8B	$7.1B	$5.3B	$5.0B	$5.7B	$6.6B	$7.4B	$8.3B
FAST Dec	$4.0B	$4.4B	$5.0B	$5.3B	$5.6B	$6.0B	$7.0B	$7.3B	$7.5B	$8.2B
FDXF May	-	-	-	-	-	-	-	-	$9.4B	$8.9B
XYL Dec	$3.8B	$4.7B	$5.2B	$5.2B	$4.9B	$5.2B	$5.5B	$7.4B	$8.6B	$9.0B
ROK Sep	$5.9B	$6.3B	$6.7B	$6.7B	$6.3B	$7.0B	$7.8B	$9.1B	$8.3B	$8.3B
DOV Dec	$6.8B	$7.8B	$7.0B	$7.1B	$6.7B	$7.9B	$7.8B	$7.7B	$7.7B	$8.1B
CTAS May	$4.8B	$5.3B	$6.5B	$6.9B	$7.1B	$7.1B	$7.9B	$8.8B	$9.6B	$10.3B
AME Dec	$3.8B	$4.3B	$4.8B	$5.2B	$4.5B	$5.5B	$6.2B	$6.6B	$6.9B	$7.4B
IR Dec	$1.9B	$2.4B	$2.7B	$2.0B	$4.0B	$5.2B	$5.9B	$6.9B	$7.2B	$7.7B
Peer median	$4.4B	$5.0B	$5.8B	$6.0B	$5.5B	$5.8B	$6.6B	$7.4B	$7.7B	$8.3B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	+17.2%	+10.5%	+8.8%	+37.1%	−2.3%	−6.0%	+13.2%	+21.3%	+20.6%	+11.2%
HWM Dec	-	+4.6%	+8.1%	+4.7%	−25.9%	−5.5%	+13.9%	+17.3%	+11.9%	+11.1%
FAST Dec	+2.4%	+10.8%	+13.1%	+7.4%	+5.9%	+6.4%	+16.1%	+5.2%	+2.7%	+8.7%
FDXF May	-	-	-	-	-	-	-	-	-	−5.6%
XYL Dec	+3.2%	+24.8%	+10.6%	+0.8%	−7.1%	+6.5%	+6.3%	+33.4%	+16.3%	+5.5%
ROK Sep	−6.8%	+7.3%	+5.6%	+0.4%	−5.5%	+10.5%	+10.9%	+16.7%	−8.8%	+0.9%
DOV Dec	−2.3%	+12.9%	+2.5%	+2.1%	−6.3%	+18.3%	+7.6%	−2.0%	+0.8%	+4.5%
CTAS May	-	+11.0%	+21.7%	+6.4%	+2.8%	+0.4%	+10.4%	+12.2%	+8.9%	+7.7%
AME Dec	−3.4%	+12.0%	+12.7%	+6.5%	−12.0%	+22.2%	+10.9%	+7.3%	+5.2%	+6.6%
IR Dec	−8.8%	+22.5%	+13.2%	−8.8%	+96.9%	+29.7%	+14.8%	+16.2%	+5.2%	+5.7%
Peer median	−2.9%	+11.5%	+11.7%	+3.4%	−5.9%	+8.5%	+10.9%	+14.2%	+5.2%	+5.7%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	54.5%	56.6%	57.1%	53.8%	51.9%	52.4%	57.1%	58.3%	58.8%	60.1%
HWM Dec	-	-	-	-	-	-	-	-	-	-
FAST Dec	49.6%	49.3%	48.3%	47.2%	45.5%	46.2%	46.1%	45.7%	45.1%	45.0%
FDXF May	-	-	-	-	-	-	-	-	-	-
XYL Dec	38.8%	39.2%	38.9%	39.0%	37.5%	38.0%	37.7%	36.9%	37.5%	38.5%
ROK Sep	42.1%	42.3%	43.3%	43.3%	41.0%	41.4%	40.0%	48.8%	46.6%	48.1%
DOV Dec	32.8%	32.3%	36.6%	36.7%	37.0%	37.6%	37.0%	37.3%	38.2%	39.8%
CTAS May	43.8%	44.7%	44.9%	45.4%	45.6%	46.6%	46.2%	47.3%	48.8%	50.0%
AME Dec	-	-	-	-	-	-	-	-	-	-
IR Dec	37.0%	37.8%	37.6%	38.6%	35.4%	38.6%	39.3%	41.9%	43.8%	43.6%
Peer median	40.4%	40.8%	41.1%	41.1%	39.3%	40.0%	39.6%	43.8%	44.4%	44.3%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	40.0%	42.3%	43.4%	36.9%	34.3%	35.2%	40.8%	44.4%	44.5%	47.2%
HWM Dec	7.7%	3.7%	11.4%	8.2%	11.9%	15.0%	16.2%	18.1%	22.0%	24.8%
FAST Dec	20.1%	20.1%	20.1%	19.8%	20.2%	20.3%	20.8%	20.8%	20.0%	20.2%
FDXF May	-	-	-	-	-	-	-	-	18.6%	15.8%
XYL Dec	10.8%	11.7%	12.6%	9.3%	7.5%	11.3%	11.3%	8.9%	11.8%	13.5%
ROK Sep	-	-	-	-	-	-	-	21.3%	19.3%	20.4%
DOV Dec	10.4%	10.3%	12.1%	13.7%	14.0%	16.2%	16.3%	15.9%	15.6%	17.0%
CTAS May	16.0%	14.5%	14.7%	16.4%	16.4%	19.5%	20.2%	20.4%	21.6%	22.8%
AME Dec	20.6%	21.0%	22.2%	22.8%	22.6%	23.6%	24.4%	25.9%	25.6%	25.8%
IR Dec	5.3%	4.6%	16.5%	9.6%	1.5%	11.0%	13.8%	16.9%	18.0%	15.0%
Peer median	10.8%	11.7%	14.7%	13.7%	14.0%	16.2%	16.3%	19.3%	19.3%	20.2%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	18.5%	17.0%	25.1%	17.0%	13.7%	14.2%	16.0%	19.7%	21.6%	23.5%
HWM Dec	−7.6%	−0.6%	9.5%	6.6%	5.0%	5.2%	8.3%	11.5%	15.5%	18.3%
FAST Dec	12.6%	13.2%	15.1%	14.8%	15.2%	15.4%	15.6%	15.7%	15.2%	15.3%
FDXF May	-	-	-	-	-	-	-	-	16.7%	15.1%
XYL Dec	6.9%	7.0%	10.5%	7.6%	5.2%	8.2%	6.4%	8.3%	10.4%	10.6%
ROK Sep	12.4%	13.1%	8.0%	10.4%	16.2%	19.4%	12.0%	15.3%	11.5%	10.4%
DOV Dec	7.5%	10.4%	8.2%	9.5%	10.2%	14.2%	13.6%	13.8%	34.8%	13.5%
CTAS May	14.5%	9.0%	13.0%	12.8%	12.4%	15.6%	15.7%	15.3%	16.4%	17.5%
AME Dec	13.3%	15.8%	16.1%	16.7%	19.2%	17.9%	18.9%	19.9%	19.8%	20.0%
IR Dec	−1.9%	0.8%	10.0%	7.9%	−0.8%	10.9%	10.2%	11.3%	11.6%	7.6%
Peer median	10.0%	9.7%	10.3%	9.9%	11.3%	14.8%	12.8%	14.5%	15.5%	15.1%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	$639.3M	$717.7M	$949.0M	$913.0M	$1.1B	$808.0M	$829.0M	$1.2B	$1.9B	$1.8B
HWM Dec	−$1.0B	−$635.0M	−$551.0M	−$180.0M	−$258.0M	$250.0M	$540.0M	$682.0M	$977.0M	$1.4B
FAST Dec	$330.4M	$465.3M	$497.9M	$596.3M	$933.7M	$613.5M	$767.2M	$1.3B	$946.8M	$1.1B
FDXF May	-	-	-	-	-	-	-	-	$1.1B	$1.1B
XYL Dec	$373.0M	$516.0M	$349.0M	$613.0M	$641.0M	$330.0M	$388.0M	$566.0M	$942.0M	$910.0M
ROK Sep	$830.4M	$892.3M	$1.2B	$1.0B	$1.0B	$1.1B	$682.0M	$1.2B	$639.0M	$1.4B
DOV Dec	$595.0M	$569.3M	$618.2M	$758.5M	$939.1M	$944.4M	$594.6M	$1.2B	$920.3M	$1.1B
CTAS May	$190.5M	$490.6M	$692.5M	$791.1M	$1.1B	$1.2B	$1.3B	$1.3B	$1.7B	$1.8B
AME Dec	$693.6M	$758.2M	$843.4M	$1.0B	$1.2B	$1.0B	$1.0B	$1.6B	$1.7B	$1.7B
IR Dec	$91.2M	$143.7M	$392.3M	$305.4M	$872.3M	$563.7M	$770.8M	$1.3B	$1.2B	$1.2B
Peer median	$351.7M	$503.3M	$558.0M	$685.8M	$936.4M	$779.0M	$724.6M	$1.2B	$977.0M	$1.2B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	20.2%	20.5%	24.9%	17.5%	21.7%	16.8%	15.3%	18.8%	23.7%	20.6%
HWM Dec	−8.3%	−4.9%	−8.1%	−2.5%	−4.9%	5.0%	9.5%	10.3%	13.1%	17.3%
FAST Dec	8.3%	10.6%	10.0%	11.2%	16.5%	10.2%	11.0%	17.1%	12.5%	12.8%
FDXF May	-	-	-	-	-	-	-	-	11.5%	12.3%
XYL Dec	9.9%	11.0%	6.7%	11.7%	13.1%	6.4%	7.0%	7.7%	11.0%	10.1%
ROK Sep	14.1%	14.1%	17.6%	15.7%	15.9%	16.3%	8.8%	13.4%	7.7%	16.3%
DOV Dec	8.8%	7.3%	8.8%	10.6%	14.1%	11.9%	7.6%	15.0%	11.9%	13.8%
CTAS May	4.0%	9.2%	10.7%	11.5%	15.0%	17.1%	16.5%	14.2%	17.3%	17.0%
AME Dec	18.1%	17.6%	17.4%	19.6%	26.6%	18.9%	16.4%	24.2%	24.5%	22.6%
IR Dec	4.7%	6.0%	14.6%	15.1%	22.0%	10.9%	13.0%	18.5%	17.2%	15.9%
Peer median	8.5%	9.9%	10.4%	11.6%	15.4%	11.4%	10.3%	14.6%	12.5%	15.9%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
HWM Dec	−18.4%	−1.5%	11.5%	10.2%	7.3%	7.4%	13.0%	18.9%	25.4%	28.2%
FAST Dec	25.8%	27.6%	32.7%	29.7%	31.4%	30.4%	34.4%	34.5%	31.8%	31.9%
FDXF May	-	-	-	-	-	-	-	-	74.1%	56.2%
XYL Dec	11.9%	13.2%	19.8%	13.6%	8.6%	13.3%	10.2%	6.0%	8.4%	8.3%
ROK Sep	36.7%	31.0%	33.1%	172.1%	99.6%	56.8%	34.2%	38.9%	27.2%	23.8%
DOV Dec	13.4%	18.5%	20.6%	22.4%	20.2%	26.8%	24.9%	20.7%	38.8%	14.8%
CTAS May	37.6%	20.9%	27.9%	29.5%	27.1%	30.1%	37.4%	34.9%	36.4%	38.7%
AME Dec	15.7%	16.9%	18.3%	16.8%	14.7%	14.4%	15.5%	15.0%	14.3%	13.9%
IR Dec	−13.8%	1.2%	16.1%	8.5%	−0.4%	6.2%	6.6%	8.0%	8.2%	5.8%
Peer median	14.6%	17.7%	20.2%	19.6%	17.4%	20.6%	20.2%	19.8%	27.2%	23.8%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
HWM Dec	1.58	1.39	1.21	1.52	1.52	1.21	1.16	0.92	0.73	0.57
FAST Dec	0.20	0.20	0.22	0.13	0.15	0.13	0.18	0.08	0.06	0.03
FDXF May	-	-	-	-	-	-	-	-	-	0.03
XYL Dec	1.24	0.88	0.74	0.69	1.04	0.76	0.54	0.22	0.19	0.22
ROK Sep	0.99	0.69	1.10	5.58	1.95	1.67	1.41	0.83	1.04	0.88
DOV Dec	0.95	0.81	1.14	1.01	0.92	0.75	0.86	0.68	0.48	0.54
CTAS May	0.57	1.23	0.84	0.88	0.79	0.45	0.75	0.64	0.47	0.52
AME Dec	0.80	0.62	0.71	0.64	0.43	0.42	0.35	0.54	0.28	0.33
IR Dec	10.45	1.38	1.00	0.86	0.43	0.31	0.30	0.28	0.47	0.47
Peer median	0.97	0.85	0.92	0.87	0.85	0.60	0.64	0.59	0.47	0.47

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
TDG Sep	$10.39	$7.88	$16.20	$13.84	$8.96	$10.41	$13.40	$22.03	$25.62	$32.08
HWM Dec	−$2.31	−$0.28	$1.30	$1.03	-	$0.59	$1.11	$1.83	$2.81	$3.71
FAST Dec	$0.43	$0.50	$0.66	$0.69	$0.74	$0.80	$0.94	$1.01	$1.00	$1.09
FDXF May	-	-	-	-	-	-	-	-	$10.53	$9.00
XYL Dec	$1.45	$1.83	$3.03	$2.21	$1.40	$2.35	$1.96	$2.79	$3.65	$3.92
ROK Sep	$5.56	$6.35	$4.21	$5.83	$8.77	$11.58	$7.97	$11.95	$8.28	$7.67
DOV Dec	$3.25	$5.15	$3.75	$4.61	$4.70	$7.74	$7.42	$7.52	$19.45	$7.94
CTAS May	$1.55	$1.09	$1.89	$2.00	$2.03	$2.56	$2.91	$3.25	$3.79	$4.40
AME Dec	$2.19	$2.94	$3.34	$3.75	$3.77	$4.25	$5.01	$5.67	$5.93	$6.40
IR Dec	−$0.25	$0.10	$1.29	$0.76	−$0.09	$1.34	$1.47	$1.90	$2.06	$1.45
Peer median	$1.50	$1.46	$2.46	$2.10	$2.03	$2.46	$2.44	$3.02	$3.79	$4.40

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out TDG and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on TDG in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TDG/export.csv") into a cell.