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Moog Inc. key statistics and ratios

In fiscal 2025, Moog Inc. had return on equity of 12.3%, an operating margin of 11.6%, debt equal to 47.5% of equity and a current ratio of 2.12. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Oct 20092010Oct 20102011Oct 20112012Sept 20122013Sept 20132014Sept 20142015Oct 20152016Oct 20162017Sept 20172018Sept 20182019Sept 20192020Oct 20202021Oct 20212022Oct 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Gross margin29.1%29.0%29.2%30.2%30.0%30.1%29.2%29.5%29.4%28.6%28.1%25.8%27.2%27.0%27.1%28.1%27.4%28.2%
Operating margin9.3%10.2%10.6%11.1%8.7%10.4%9.7%9.9%10.4%9.7%11.1%7.5%9.5%9.3%10.4%11.2%11.6%13.3%
Net margin4.6%5.1%5.8%6.2%4.6%6.0%5.2%5.3%5.7%3.5%6.0%0.3%5.5%5.1%5.3%5.8%6.1%8.7%
Free-cash-flow margin2.0%6.1%4.8%4.3%6.1%7.9%10.1%6.2%5.7%0.3%2.2%6.6%5.8%3.5%−1.1%1.3%3.3%8.1%
Return on equity8.0%9.9%11.8%12.2%8.5%11.0%11.3%12.8%12.8%7.8%13.7%0.7%11.9%10.9%11.5%12.2%12.3%17.9%
Return on assets3.2%4.0%4.9%5.1%3.8%4.9%4.2%4.2%4.6%3.1%5.7%0.3%4.7%4.5%4.9%5.3%5.5%8.2%
Asset turnover0.700.790.840.830.820.820.810.800.820.900.960.910.860.880.920.920.910.94
Current ratio2.712.702.532.332.282.302.692.592.582.172.242.271.982.092.022.092.122.09
Debt to equity42.5%68.2%60.9%58.6%46.2%64.9%108.1%102.4%79.1%70.6%63.0%75.5%65.0%58.6%54.2%47.9%47.5%41.4%
Interest cover (operating income ÷ interest)4.4x5.6x6.9x8.0x8.4x22.0x8.5x6.9x7.5x7.2x8.2x5.6x8.0x7.7x5.7x6.1x6.2x8.6x
Effective tax rate23.1%27.7%26.0%27.0%27.0%27.7%28.3%28.5%22.7%47.7%23.1%—22.8%23.6%20.9%22.6%24.8%13.8%
R&D as % of revenue5.4%4.9%4.6%4.7%5.2%5.3%5.2%6.1%5.8%4.8%4.4%3.8%4.4%3.6%3.2%3.1%2.4%2.5%
SG&A as % of revenue15.2%14.8%15.2%15.6%15.2%15.2%14.7%14.1%13.9%14.3%13.9%13.8%14.4%14.8%14.3%13.9%14.3%13.6%
Capital spending as % of revenue4.4%3.1%3.6%4.3%3.6%3.0%3.2%2.8%3.0%3.5%4.1%3.1%4.5%4.6%5.3%4.2%3.7%3.1%
Free cash flow ÷ net income42.6%119.6%82.7%70.4%131.2%131.7%192.5%117.3%100.5%8.3%36.1%>999%104.6%69.2%−21.5%22.0%54.6%92.9%
Dividends ÷ net income———————0.0%0.0%18.8%20.0%273.9%20.4%21.2%19.5%17.0%15.5%9.9%
Dividends and buybacks ÷ free cash flow20.4%0.4%26.7%1.3%7.3%131.0%143.3%30.2%6.1%330.9%120.3%134.9%38.8%75.9%—157.4%139.6%32.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · June 27, 2026
What it owns · $4.8bn
Short-term assets $2.6bnLonger-term assets $2.2bn
What it owes, and who funded it · $4.8bn
Short-term liabilities $1.2bnLonger-term liabilities $1.3bnShareholders' equity $2.2bn
  • Short-term assets cover short-term liabilities $2.6bn of assets due within a year against $1.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.6bn short-term assets against $1.3bn of longer-dated liabilities.
  • More cash than debt $67m of cash against $908m of debt.
  • Debt below 40% of shareholders' equity Debt is 41% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 54% to 41% over five years.
  • A year's operating cash flow covers at least 20% of debt $486m of operating cash flow against $908m of debt.
  • Operating profit covers interest at least five times over Operating income of $575m against $67m of interest.

From Moog Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

54 /100

Moderate moat

How hard Moog's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Net income has been a median 4.6% of total assets over 10 years.

  • Pricing power 10 / 20

    Gross margin has been a median 27.8%, moving by 1.0 percentage points (standard deviation) across 10 years.

  • Durability 12 / 20

    Operating margin has been a median 10.0%; its worst year was 8.6%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 2.9% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 1.0% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Moog Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Moog Inc.