What is TransDigm Group's work in process?

TransDigm Group (TDG) reported work in process of $681M in Q1 2026.

How has TransDigm Group's work in process changed year-over-year?

TransDigm Group's work in process increased by 29.0% year-over-year, from $528M to $681M.

What is the long-term trend for TransDigm Group's work in process?

Over 4 years (2021 to 2025), TransDigm Group's work in process has grown at a 14.0% compound annual growth rate (CAGR), from $322M to $543M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

TransDigm Group TDG Work in process

Work in process at other companies

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HEICOHEI

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Crane Co.CR

——

Other financials

Income statement

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Revenue$2.5B+18.3%

Gross profit$1.5B+18.6%

Operating income$1.2B+18.9%

Net income$535.0M+11.7%

EPS (diluted)$9.20+11.7%

Balance sheet

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Cash & equivalents$3.9B+60.1%

Total debt$32.0B+26.1%

Total equity-$9.4B-65.8%

Total assets$25.4B+16.1%

Cash flow

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Operating cash flow$135.0M-8.8%

CapEx$71.0M+26.8%

Free cash flow$64.0M-30.4%

Valuation

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Market cap$74.51B-8.8%

Enterprise value$102.62B-1.6%

P/E35.8×-6.5×

P/S7.8×-1.7×

Profitability

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Gross margin59.6%+0.1pp

Operating margin46.5%+0.7pp

Net margin21.9%-0.8pp

FCF margin19.5%-3.2pp

Returns & leverage

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Return on equity-27.6%—

Debt / equity-3.4×—

Current ratio3.5×+0.4×

Where this comes from

Reported directly by TransDigm Group in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: TransDigm Group’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TransDigm Group's work in process?: TransDigm Group (TDG) reported work in process of $681M in Q1 2026.
How has TransDigm Group's work in process changed year-over-year?: TransDigm Group's work in process increased by 29.0% year-over-year, from $528M to $681M.
What is the long-term trend for TransDigm Group's work in process?: Over 4 years (2021 to 2025), TransDigm Group's work in process has grown at a 14.0% compound annual growth rate (CAGR), from $322M to $543M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.