MOOG INC.

MOG-A 10-Q · Q2 2026

MOG-A Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 1,051,947 934,022 +12.6%
Show Business Segments breakouts
Commercial Aircraft 247,007 215,563 +14.6%
Commercial Aircraft · Aftermarket 83,170 79,915 +4.1%
Commercial Aircraft · Commercial customer 235,106 205,882 +14.2%
Commercial Aircraft · Original Equipment Manufacturers 163,837 135,648 +20.8%
Commercial Aircraft · Other Customer 11,901 9,681 +22.9%
Commercial Aircraft · Transferred At Point In Time 64,415 60,701 +6.1%
Commercial Aircraft · Transferred Over Time 182,592 154,862 +17.9%
Industrial 255,858 234,426 +9.1%
Industrial · Commercial customer 251,897 229,781 +9.6%
Industrial · Energy 33,476 38,933 -14.0%
Industrial · Industrial Automation 123,339 95,063 +29.7%
Industrial · Medical 66,612 65,614 +1.5%
Industrial · Other Customer 3,074 2,539 +21.1%
Industrial · Simulation and Test 32,431 34,816 -6.9%
Industrial · Transferred At Point In Time 234,093 206,153 +13.6%
Industrial · Transferred Over Time 21,765 28,273 -23.0%
Industrial · U.S. Government customer (including OEM) 887 2,106 -57.9%
Military Aircraft 235,489 213,849 +10.1%
Military Aircraft · Aftermarket 51,965 48,683 +6.7%
Military Aircraft · Original Equipment Manufacturers 183,524 165,166 +11.1%
Military Aircraft · Other Customer 59,312 54,783 +8.3%
Military Aircraft · Transferred At Point In Time 34,214 32,770 +4.4%
Military Aircraft · Transferred Over Time 201,275 181,079 +11.2%
Military Aircraft · U.S. Government customer (including OEM) 176,177 159,066 +10.8%
Space And Defense 313,593 270,184 +16.1%
Space And Defense · Commercial customer 46,706 32,007 +45.9%
Space And Defense · Defense 186,036 148,166 +25.6%
Space And Defense · Other Customer 52,811 25,918 +103.8%
Space And Defense · Space 127,557 122,018 +4.5%
Space And Defense · Transferred At Point In Time 33,956 27,534 +23.3%
Space And Defense · Transferred Over Time 279,637 242,650 +15.2%
Space And Defense · U.S. Government customer (including OEM) 214,076 212,259 +0.9%
Show Major Customers breakouts
Commercial customer 533,709 467,670 +14.1%
Other Customer 127,098 92,921 +36.8%
U.S. Government customer (including OEM) 391,140 373,431 +4.7%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred At Point In Time 366,678 327,158 +12.1%
Transferred Over Time 685,269 606,864 +12.9%
Cost of Revenue 764,392 675,255 +13.2%
Show Business Segments breakouts
Commercial Aircraft 199,839 171,865 +16.3%
Industrial 168,815 150,809 +11.9%
Military Aircraft 173,028 155,801 +11.1%
Space And Defense 222,710 196,780 +13.2%
Gross Profit 287,555 256,618 +12.1%
Research & Development 26,662 24,481 +8.9%
Show Business Segments breakouts
Commercial Aircraft 2,172 2,649 -18.0%
Industrial 8,765 8,946 -2.0%
Military Aircraft 6,175 6,947 -11.1%
Space And Defense 9,550 5,939 +60.8%
Selling, General & Administrative 136,324 133,932 +1.8%
Show Business Segments breakouts
All Other Segments 4,770 3,695 +29.1%
Commercial Aircraft 15,893 16,043 -0.9%
Corporate And Other 7,762 8,572 -9.4%
Industrial 46,145 44,369 +4.0%
Military Aircraft 24,861 27,579 -9.9%
Space And Defense 36,893 33,674 +9.6%
Interest Expense 15,540 19,548 -20.5%
Restructuring Charges 1,505 2,425 -37.9%
Other Non-Operating Income (Expense) -1,295 4,174 -131.0%
Income Before Taxes 108,819 72,058 +51.0%
Income Tax Expense (Benefit) 26,980 17,448 +54.6%
Net Income 81,839 54,610 +49.9%
Show Equity Components breakouts
Retained Earnings 81,839 54,610 +49.9%
EPS (Basic) 2.58 1.73 +49.1%
EPS (Diluted) 2.55 1.71 +49.1%
Wtd Avg Shares (Basic) 31,715,560 31,558,372 +0.5%
Wtd Avg Shares (Diluted) 32,102,535 31,942,315 +0.5%
Operating Income 137,937 109,051 +26.5%
Show Business Segments breakouts
Commercial Aircraft 29,316 25,347 +15.7%
Industrial 33,046 27,210 +21.4%
Military Aircraft 32,310 23,716 +36.2%
Space And Defense 43,265 32,778 +32.0%
Comprehensive Income 72,288 79,733 -9.3%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax -370 439 -184.3%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 307,553
Restricted Cash 679
Accounts And Other Receivables Net Current 605,518
Unbilled Contracts Receivable 842,157
Inventory 931,804
Prepaid Expenses & Other Current Assets 105,830
Total Current Assets 2,793,541
Non-Current Assets
Property, Plant & Equipment 1,060,100
Operating Lease Right-of-Use Assets 54,149
Goodwill 873,510
Show Business Segments breakouts
Commercial Aircraft 92,612
Industrial 366,592
Military Aircraft 118,485
Space And Defense 295,821
Deferred Tax Assets 6,903
Other Non-Current Assets 53,851
Total Assets 4,902,598
Other Assets
Intangible Assets Net Excluding Goodwill 60,544
Current Liabilities
Current Portion of Long-Term Debt 500,000
Accounts Payable 328,084
Accrued Salaries Current 81,968
Deferred Revenue (Current) 469,206
Accrued Liabilities 286,743
Total Current Liabilities 1,666,001
Non-Current Liabilities
Long-Term Debt 739,825
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 152,791
Deferred Tax Liabilities 45,489
Other Non-Current Liabilities 196,012
Total Liabilities 2,800,118
Operating Lease Liabilities 51,569 55,229 -6.6%
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Common Class A 43,874
Common Class B 7,406
Additional Paid-In Capital 1,021,544
Retained Earnings 2,976,532
Treasury Stock Value -1,252,323
Common Stock Shares Held In Employee Trust -279,828
Common Stock Issued Employee Stock Trust -253,378
Accumulated Other Comprehensive Income -161,347
Total Stockholders' Equity 2,102,480 1,806,040 +16.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -79,867
Accumulated Gain Loss Net Cash Flow Hedge Parent -504
Accumulated Other Comprehensive Income -161,347 -216,872 +25.6%
Accumulated Translation Adjustment -80,976
Additional Paid In Capital 1,021,544 750,119 +36.2%
Common Stock 51,280 51,280 0.0%
Retained Earnings 2,976,532 2,729,980 +9.0%
Supplemental Retirement Plan (SERP) Trust -253,378 -141,490 -79.1%
Treasury Stock Common -1,252,323 -1,204,032 -4.0%
Trust For Benefit Of Employees -279,828 -162,945 -71.7%
Total Liabilities & Equity 4,902,598

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Depreciation 50,184 44,779 +12.1%
Adjustment For Amortization 5,449 4,629 +17.7%
Deferred Income Taxes And Tax Credits 27,607 -12,824 +315.3%
Stock-Based Compensation 9,725 8,020 +21.3%
Other Non-Cash Items -217 2,291 -109.5%
Increase Decrease In Accounts And Other Receivables -101,159 -123,555 +18.1%
Increase Decrease In Contract With Customer Asset -85,779 -31,216 -174.8%
Change in Inventory -14,511 -54,040 +73.1%
Change in Accounts Payable 7,481 1,975 +278.8%
Change in Deferred Revenue 88,508 8,501 +941.1%
Increase Decrease In Accrued Liabilities -26,813 -29,523 +9.2%
Increase Decrease In Accrued Income Taxes Payable -23,972 -22,429 -6.9%
Increase Decrease In Pension And Postretirement Obligations 2,005 12,067 -83.4%
Increase Decrease In Other Operating Capital Net -14,372 -13,705 -4.9%
Net Cash from Operations 84,826 -92,894 +191.3%
Depreciation & Amortization 55,633 49,408 +12.6%
Show Business Segments breakouts
Commercial Aircraft 8,815 9,176 -3.9%
Corporate 73 93 -21.5%
Industrial 12,466 12,476 -0.1%
Military Aircraft 19,950 16,340 +22.1%
Space And Defense 14,329 11,323 +26.5%
Investing Activities
Capital Expenditures -66,178 -70,382 +6.0%
Proceeds From Sale Of Buildings 3,065
Other Investing Activities -458 -2,062 +77.8%
Net Cash from Investing -63,571 -58,957 -7.8%
Financing Activities
Proceeds From Long Term Lines Of Credit 869,400 752,500 +15.5%
Repayments Of Long Term Lines Of Credit -1,064,400 -462,000 -130.4%
Proceeds From Issuance Of Senior Long Term Debt 492,221
Finance Lease Principal Payments -8,013 -4,469 -79.3%
Payments Of Dividends -18,706 -18,106 -3.3%
Proceeds From Sale Of Treasury Stock 8,476 7,825 +8.3%
Share Repurchases -50,431 -126,425 +60.1%
Proceeds From Sale Of Stock Held By Stock Employee Compensation Trust 33,782 19,289 +75.1%
Purchase Of Stock Held By Stock Employee Compensation Trust -34,470 -14,808 -132.8%
Show Equity Components breakouts
Trust For Benefit Of Employees -34,470 -14,808 -132.8%
Proceeds From Payments For Other Financing Activities -3,116 -1,457 -113.9%
Net Cash from Financing 224,743 152,349 +47.5%
Supplemental
Stock Issued1 5,451 6,288 -13.3%
Capital Lease Obligations Incurred 30,780 23,999 +28.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 21 -2,309 +100.9%
Net Change in Cash 246,019 -1,811 +13684.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 308,232 62,726 +391.4%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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