Is the business good?
How good a business is MOG-B?
Moog Inc. earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
15%
Return on invested capital · cost of capital 9.0% · 5.8 points above what the capital costs: growth creates value
- Operating margin
- 13%
Operating margin · Aerospace & Defense median 9.6% · 12 months to Q3 2026
- Cash conversion
- 0.93×
Cash conversion · 0.18× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.56%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 7.5% |
| FY2021 | 9.5% |
| FY2022 | 9.3% |
| FY2023 | 10% |
| FY2024 | 11% |
| FY2025 | 12% |
Details›
- Gross margin12 months to Q3 2026
- 28%
- Operating margin12 months to Q3 2026
- 13%
- Net margin12 months to Q3 2026
- 8.7%
- Free cash flow margin
- 8.1%
- R&D as % of revenue
- 2.5%
- Revenue, trailing twelve months
- $4.32B
- Free cash flow, trailing twelve months
- $350M
- Net income, trailing twelve months
- $377M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Aerospace & Defense
Ranks #14 of 48 by Smart Score