TransDigm Group (TDG) FY2024 results: revenue $7.9 billion, up 20.6% on the year
TransDigm Group Inc. (TDG) reported revenue of $7.9 billion for fiscal 2024, the year ended 30 September 2024, up 20.6% on the year before. Net income was $1.7 billion, up 32.0%, and diluted earnings per share $25.62. The figures are the company's own, from the 10-K it filed with the SEC on 7 November 2024.
Revenue
$7.9 billion
+20.6% on the year
FY2017FY2024
Operating margin
44.5%
44.4% a year earlier
FY2017FY2024
Net income
$1.7 billion
+32.0% on the year
FY2017FY2024
Diluted EPS
$25.62
+16.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,045
1,375
948
+48.7%
Capital expenditure
165
139
119
+18.7%
Free cash flow
1,880
1,236
829
+52.1%
Free cash flow margin
23.7%
18.8%
15.3%
Cash from investing
-2,441
-900
-553
Cash from financing
3,171
-16.0
-2,148
Depreciation and amortisation
312
268
253
+16.4%
Share-based compensation
188
135
153
+39.3%
Buybacks
0.0
0.0
912
Dividends paid
2,038
38.0
1,091
+5,263.2%
Dividend per share
n/a
$0.00
$18.50
Diluted shares, weighted
58m
57m
58m
+1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-6,290
-1,984
-3,773
Non-controlling interest
7.0
6.0
7.0
+16.7%
Debt
24,880
19,750
19,795
+26.0%
Operating lease liabilities
43.0
51.0
71.0
-15.7%
Finance lease liabilities
256
188
144
+36.2%
Other liabilities
6,690
1,959
1,863
+241.5%
Total liabilities and equity
25,586
19,970
18,107
+28.1%
Fixed assets
1,488
1,255
807
+18.6%
Goodwill
10,419
8,988
8,641
+15.9%
Intangible assets
3,446
2,747
2,750
+25.4%
Cash and equivalents
6,261
3,472
3,001
+80.3%
Receivables
1,381
1,230
967
+12.3%
Inventory
1,876
1,616
1,332
+16.1%
Other assets
715
662
609
+8.0%
Total assets
25,586
19,970
18,107
+28.1%
10-K for the year ended 30 September 2024, filed 7 November 2024: the filing.