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How Moog (MOG-A) makes money
Moog (MOG-A) made $1.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +15% from a year earlier. Space and Defense brought in $336M (30%); Industrial brought in $282M (25%); Commercial Aircraft brought in $254M (23%). Of every dollar of revenue, 31¢ was left as gross profit, 16¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Space and Defense | $336M | 30.1% | +7% | +17% |
| Industrial | $282M | 25.2% | +10% | +18% |
| Commercial Aircraft | $254M | 22.7% | +3% | +17% |
| Military Aircraft | $245M | 22.0% | +4% | +9% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $1.1B | 100.0% |
| Cost of revenue | $769M | 68.9% |
| Gross profit | $347M | 31.1% |
| Operating expenses | $171M | 15.3% |
| Operating profit | $176M | 15.8% |
| Net earnings | $152M | 13.6% |
| Operating cash flow | $160M | 14.3% |
| Free cash flow | $133M | 11.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $1.1B | +15% |
| Q2 FY26 | $1.1B | +13% |
| Q1 FY26 | $1.1B | +21% |
| Q4 FY25 | $1.0B | +14% |
| Q3 FY25 | $970M | +6% |
| Q2 FY25 | $934M | +2% |
| Q4 FY24 | $919M | +6% |
From Moog's 10-Q filed Jul 31, 2026 (on EDGAR).
Questions
How does Moog make money?
Moog (MOG-A) made $1.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +15% from a year earlier. Space and Defense brought in $336M (30%); Industrial brought in $282M (25%); Commercial Aircraft brought in $254M (23%). Of every dollar of revenue, 31¢ was left as gross profit, 16¢ was left as operating profit, 14¢ was left as net earnings.
What is Moog's biggest business?
Space and Defense: $336M in the third quarter fiscal 2026, 30% of revenue, +17% from a year earlier.
What is Moog's profit margin?
Net earnings were $152M, 13.6% of revenue, in the third quarter fiscal 2026; the operating margin was 15.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.