Moog Inc. income statement
In fiscal 2025, Moog Inc. reported revenue of $3.86bn, up 7.0% on the year before, operating income of $450m (a 11.6% margin) and net income of $235m, or $7.33 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Oct 2009 | 2010Oct 2010 | 2011Oct 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Oct 2015 | 2016Oct 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Oct 2020 | 2021Oct 2021 | 2022Oct 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,849 | 2,114 | 2,331 | 2,470 | 2,610 | 2,648 | 2,526 | 2,412 | 2,498 | 2,709 | 2,905 | 2,885 | 2,852 | 3,036 | 3,316 | 3,609 | 3,861 | 4,318 |
| Cost of revenue | 1,312 | 1,502 | 1,651 | 1,724 | 1,827 | 1,851 | 1,789 | 1,700 | 1,764 | 1,923 | 2,089 | 2,118 | 2,076 | 2,211 | 2,414 | 2,590 | 2,795 | 3,100 |
| Gross profit | 537 | 613 | 679 | 745 | 784 | 798 | 737 | 712 | 734 | 774 | 816 | 744 | 776 | 821 | 898 | 1,012 | 1,057 | 1,218 |
| Research and development | 100 | 103 | 106 | 116 | 135 | 139 | 132 | 147 | 144 | 130 | 126 | 111 | 126 | 110 | 107 | 113 | 94 | 108 |
| Selling, general and administrative | 281 | 313 | 354 | 385 | 397 | 403 | 371 | 340 | 346 | 388 | 405 | 398 | 412 | 449 | 475 | 501 | 554 | 588 |
| Operating income | 171 | 216 | 246 | 273 | 228 | 276 | 246 | 238 | 259 | 262 | 321 | 216 | 271 | 283 | 344 | 404 | 450 | 575 |
| Interest expense | 39 | 39 | 36 | 34 | 27 | 13 | 29 | 35 | 35 | 36 | 39 | 39 | 34 | 37 | 60 | 66 | 72 | 67 |
| Income before tax | 111 | 149 | 184 | 209 | 165 | 219 | 184 | 173 | 182 | 182 | 227 | 5 | 204 | 203 | 222 | 270 | 313 | 437 |
| Income tax | 26 | 41 | 48 | 56 | 45 | 61 | 52 | 49 | 41 | 87 | 52 | −4 | 47 | 48 | 46 | 61 | 78 | 60 |
| Net income | 85 | 108 | 136 | 152 | 120 | 158 | 132 | 127 | 141 | 95 | 175 | 9 | 157 | 155 | 175 | 209 | 235 | 377 |
| Diluted EPS | $1.98 | $2.36 | $2.95 | $3.33 | $2.63 | $3.52 | $3.35 | $3.47 | $3.90 | $2.64 | $4.96 | $0.28 | $4.87 | $4.83 | $5.47 | $6.45 | $7.33 | $11.76 |
| Diluted shares (average) | 43m | 46m | 46m | 46m | 46m | 45m | 39m | 37m | 36m | 36m | 35m | 33m | 32m | 32m | 32m | 32m | 32m | 32m |
| EBITDA | 248 | 308 | 343 | 374 | 336 | 385 | 349 | 337 | 349 | 351 | 406 | 303 | 361 | 371 | 433 | 500 | 553 | 691 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Jan 2026 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 919 | 908 | 934 | 970 | 1,049 | 1,100 | 1,052 | 1,117 |
| Cost of revenue | 658 | 663 | 675 | 697 | 760 | 806 | 764 | 769 |
| Gross profit | 256 | 245 | 257 | 267 | 289 | 294 | 288 | 347 |
| Research and development | 26 | 24 | 24 | 22 | 24 | 25 | 27 | 33 |
| Selling, general and administrative | 126 | 128 | 134 | 140 | 152 | 149 | 136 | 151 |
| Operating income | 93 | 104 | 109 | 112 | 125 | 135 | 138 | 176 |
| Interest expense | 17 | 16 | 20 | 18 | 18 | 17 | 16 | 16 |
| Income before tax | 55 | 74 | 72 | 76 | 90 | 101 | 109 | 137 |
| Income tax | 12 | 17 | 17 | 18 | 25 | 22 | 27 | −15 |
| Net income | 43 | 58 | 55 | 58 | 64 | 79 | 82 | 152 |
| Diluted EPS | $1.31 | $1.78 | $1.71 | $1.83 | $2.01 | $2.46 | $2.55 | $4.74 |
| EBITDA | 125 | 128 | 134 | 138 | 154 | 163 | 166 | 208 |
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