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Moog

MOG-A NYSE Aerospace & Defense Financials FY2016–FY2025

Moog's revenue rose 7.0% to $3.9 billion in fiscal 2025. Its operating margin was 11.7%, up from 11.2% a year earlier. Free cash flow was $128 million, up 179.8%. It paid out $179 million in dividends and buybacks, 140% of free cash flow. The diluted share count fell 0.9%.

Last close · Oct 23, 2026

$341.34

0.1%
Value it Compare
Revenue Total sales reported in the income statement.
$3.9B
7.0% vs prior year
Operating margin Operating income as a share of revenue.
11.7%
0.4 pts
Net income Profit after all expenses, interest and tax.
$235M
12.5%
Free cash flow Cash from operations minus capital spending.
$128M
179.8%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
11.7%
0.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$11.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
29.0x
On $11.76 EPS (TTM)

What Moog does

No business description yet.

Legal name
MOOG Inc.
Fiscal year ends
September 27, 2025
Latest annual report
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Accession · CIK
0001628280-25-054103
0000067887

Revenue and margins

Moog had $3.9B of revenue in fiscal 2025, up 7.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 8.7% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $128M in fiscal 2025, 3.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Moog returned $179M to shareholders in fiscal 2025, 140% of free cash flow. The diluted share count fell 0.9%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Moog yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.0B and divides by 32.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 29.0x · peers 39.5x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Moog can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $99.6M$102M$69.0M$61.7M$62.0M
Debt incl. finance leases $910M$865M$940M$985M$1.1B
Net debt / EBITDA 2.2x2.1x2.0x1.8x1.8x
Debt / equity 0.7x0.6x0.6x0.5x0.5x
Interest coverage 8.0x7.7x5.8x6.1x6.2x
Current ratio 2.0x2.1x2.0x2.1x2.1x
Quick ratio 1.3x1.4x1.3x1.2x1.3x
Total assets $3.4B$3.4B$3.8B$4.1B$4.4B
Total liabilities $2.0B$2.0B$2.2B$2.2B$2.4B
Shareholders' equity $1.4B$1.4B$1.6B$1.8B$2.0B
Net debt (− = net cash) $811M$763M$871M$923M$1.0B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$5.7M

5 insiders

Of sales under plans

22%

$1.2M

DateInsiderTradeSharesPriceValueFiling
Aug 11, 2026 John ScannellDirector Sold plan 3,000 $413.43 $1.2M Form 4
Jun 10, 2026 Janet M. ColettiDirector Sold 604 $379.66 $0.2M Form 4
Jun 9, 2026 John ScannellDirector Sold 3,000 $373.58 $1.1M Form 4
Mar 12, 2026 Brenda ReichelderferDirector Sold 2,000 $312.27 $0.6M Form 4
Feb 5, 2026 Paul WilkinsonVice President Sold 992 $329.80 $0.3M Form 4
Dec 5, 2025 Donald R FishbackDirector Sold 253 $220.00 $0.1M Form 4
Dec 3, 2025 John ScannellDirector Sold 9,000 $231.73 $2.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✕ ✕ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✓ ✕ ✓
Gross margin rose ✓ ✓ ✕
Revenue rose relative to assets ✓ ✕ ✕
F-score 7 / 96 / 97 / 9
Accruals ratio 1.0%0.3%−0.9%
Altman Z'' 5.225.415.48

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Moog MOG-A $11.0B 7.0% 11.7% 3.3% 11.7% 29.0x 7
Curtiss-Wright CW $17.2B 12.1% 18.1% 15.8% 15.9% 32.0x 8 Compare →
ATI ATI $21.7B 5.2% 14.0% 7.3% 16.7% 46.0x 9 Compare →
BWX Technologies BWXT $11.7B 18.3% 12.7% 9.2% 13.9% 33.0x 7 Compare →
Axon Enterprise AXON $34.7B 33.5% −2.2% 2.7% −2.2% 174.4x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.4B $2.5B $2.7B $2.9B $2.9B $2.9B $3.0B $3.3B $3.6B $3.9B
Gross profit $712M $734M $774M $816M $744M $776M $821M $898M $1.0B $1.1B
Research and development $147M $144M $130M $127M $111M $126M $110M $107M $113M $93.7M
Operating income $238M $259M $262M $321M $216M $271M $283M $344M $405M $450M
Interest expense $34.6M $34.6M $36.2M $39.3M $38.9M $33.9M $36.8M $59.8M $66.3M $72.1M
Pretax income $173M $182M $182M $227M $5.4M $204M $203M $222M $270M $313M
Income tax $49.2M $41.3M $86.8M $52.4M −$3.8M $46.6M $47.8M $46.4M $61.0M $77.6M
Net income $127M $141M $95.2M $175M $9.2M $157M $155M $175M $209M $235M
Diluted EPS $3.47 $3.90 $2.64 $4.96 $0.28 $4.87 $4.83 $5.47 $6.45 $7.33
Diluted shares 0.04B 0.04B 0.04B 0.04B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $216M $218M $102M $181M $279M $293M $247M $140M $198M $273M
Capital expenditure $67.2M $75.8M $94.5M $118M $88.3M $129M $139M $177M $152M $145M
Free cash flow $149M $142M $7.9M $63.0M $191M $164M $107M −$37.7M $45.9M $128M
Depreciation and amortization $98.7M $90.2M $88.6M $85.3M $87.0M $90.2M $88.4M $89.3M $96.0M $104M
Stock-based compensation $3.3M $4.6M $5.8M $6.5M $5.7M $7.5M $8.9M $10.6M $15.0M $16.7M
Acquisitions $11.0M $40.5M $48.4M $0.0M $54.3M $77.6M $11.8M $0.0M $5.9M $41.2M
Share buybacks $44.9M $8.6M $8.2M $41.0M $232M $31.7M $48.6M $29.3M $36.7M $143M
Dividends paid $0.0M $0.0M $17.9M $34.9M $25.2M $32.1M $33.0M $34.1M $35.5M $36.4M
Dividends and buybacks $44.9M $8.6M $26.1M $75.8M $258M $63.8M $81.5M $63.4M $72.2M $179M
Balance sheet
Cash and short-term investments $325M $368M $126M $89.7M $84.6M $99.6M $102M $69.0M $61.7M $62.0M
Total debt $1.0B $961M $865M $833M $939M $910M $838M $863M $874M $946M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $13.6M $17.9M $26.8M $76.8M $110M $134M
Current assets $1.5B $1.6B $1.5B $1.6B $1.6B $1.7B $1.8B $1.9B $2.1B $2.4B
Current liabilities $589M $629M $681M $728M $711M $869M $838M $958M $1.0B $1.1B
Inventory $479M $489M $513M $535M $623M $613M $589M $719M $863M $914M
Property and equipment, net $522M $523M $553M $587M $601M $646M $689M $826M $929M $1.0B
Total assets $3.0B $3.1B $3.0B $3.1B $3.2B $3.4B $3.4B $3.8B $4.1B $4.4B
Total liabilities $2.0B $1.9B $1.7B $1.8B $2.0B $2.0B $2.0B $2.2B $2.2B $2.4B
Shareholders' equity $988M $1.2B $1.2B $1.3B $1.2B $1.4B $1.4B $1.6B $1.8B $2.0B
Margins
Gross margin 29.5% 29.4% 28.6% 28.1% 25.8% 27.2% 27.0% 27.1% 28.1% 27.4%
Operating margin 9.9% 10.4% 9.7% 11.1% 7.5% 9.5% 9.3% 10.4% 11.2% 11.7%
EBITDA margin 14.0% 14.0% 13.0% 14.0% 10.5% 12.7% 12.2% 13.1% 13.9% 14.3%
Net margin 5.3% 5.7% 3.5% 6.0% 0.3% 5.5% 5.1% 5.3% 5.8% 6.1%
FCF margin 6.2% 5.7% 0.3% 2.2% 6.6% 5.8% 3.5% −1.1% 1.3% 3.3%
Returns
Return on capital 9.9% 11.5% 7.3% 12.3% 10.4% 9.7% 9.8% 11.6% 12.0% 11.7%
Return on capital employed 9.8% 10.6% 11.1% 13.8% 8.8% 10.7% 11.0% 12.7% 13.8% 14.1%
Return on equity 12.8% 12.8% 7.8% 13.7% 0.7% 11.9% 10.9% 11.5% 12.2% 12.3%
Return on assets 4.2% 4.6% 3.2% 5.7% 0.3% 4.7% 4.5% 4.9% 5.3% 5.5%
Growth
Revenue growth −4.5% 3.6% 8.5% 7.2% −0.7% −1.1% 6.4% 9.2% 8.8% 7.0%
Net income growth −3.9% 11.5% −32.6% 83.3% −94.7% 1,608.0% −1.3% 12.9% 19.2% 12.6%
EPS growth 3.6% 12.4% −32.3% 87.9% −94.4% 1,639.3% −0.8% 13.3% 17.9% 13.6%
FCF growth −41.4% −4.5% −94.4% 698.5% 203.0% −13.8% −34.7% −135.1% — 179.8%
Share count change −7.1% −0.8% −0.5% −2.4% −5.0% −3.4% −0.6% −0.2% 1.0% −0.9%
Financial health
Net debt / EBITDA 2.0x 1.7x 2.1x 1.8x 2.8x 2.2x 2.1x 2.0x 1.8x 1.8x
Debt / equity 1.0x 0.8x 0.7x 0.6x 0.8x 0.7x 0.6x 0.6x 0.5x 0.5x
Interest coverage 6.9x 7.5x 7.2x 8.2x 5.6x 8.0x 7.7x 5.8x 6.1x 6.2x
Current ratio 2.6x 2.6x 2.2x 2.2x 2.3x 2.0x 2.1x 2.0x 2.1x 2.1x
Quick ratio 1.8x 1.8x 1.4x 1.5x 1.4x 1.3x 1.4x 1.3x 1.2x 1.3x
Capital allocation
Capex / revenue 2.8% 3.0% 3.5% 4.1% 3.1% 4.5% 4.6% 5.4% 4.2% 3.8%
Stock comp / revenue 0.1% 0.2% 0.2% 0.2% 0.2% 0.3% 0.3% 0.3% 0.4% 0.4%
Payouts / FCF 30.2% 6.1% 330.9% 120.3% 134.9% 38.8% 75.9% — 157.4% 139.6%
Quality scores
Piotroski F-score 8.0 7.0 6.0 8.0 5.0 7.0 7.0 7.0 6.0 7.0
Altman Z'' 5.0 5.3 5.3 5.6 5.1 5.0 5.3 5.2 5.4 5.5
Accruals ratio −3.0% −2.5% −0.2% −0.2% −8.5% −4.1% −2.7% 1.0% 0.3% −0.9%

Source: SEC EDGAR XBRL filings (CIK 0000067887). Data updated October 12, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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