Filing Flows › Moog (MOG-A) › Q3 FY25
Moog (MOG-A) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 25, 2025
Moog (MOG-A) reported revenue of $970M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +4% from the quarter before. Operating margin was 11.5%, net earnings $58.5M (6.0% of revenue).
Moog, Q3 FY25: revenue $970M (+6% year over year), operating margin 11.5%, net earnings $58.5M, operating cash flow $125M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $970M | +4% | +6% |
| Gross profit | $267M | +4% | +4% |
| Operating profit | $112M | +3% | +6% |
| Net earnings | $58.5M | +7% | -1% |
| Operating cash flow | $125M | +213% | +315% |
| Free cash flow | $92.6M | 38× | — |
What changed
Revenue was $969.6M in Q3 FY25, up 6% year over year and up 4% from the previous quarter. Space and Defense was the largest line at 30% of revenue. Commercial Aircraft added $30.1M year over year (up 16%), 54% of the total change. Industrial declined 4%.
Gross margin was 27.5%, down 0.4 points from a year earlier. Operating profit was $111.9M, a 11.5% margin (unchanged year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 12% margin then. Operating expenses grew 3% against revenue growth of 6%. Net earnings were $58.5M, down 1% year over year. The effective tax rate was 23.4%.
Operating cash flow was $125.3M (up 315% year over year), 214% of net earnings. Non-cash charges added back $25.8M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items added $36.3M. Capital expenditures of $32.7M left free cash flow of $92.6M.
Questions
What was Moog's revenue in the third quarter fiscal 2025?
Moog (MOG-A) reported revenue of $970M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +4% from the quarter before.
Was Moog profitable in the third quarter fiscal 2025?
Operating profit was $112M (11.5% of revenue) and net earnings $58.5M.
Source: Moog 10-Q on SEC EDGAR.