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TransDigm Group vs Astronics: TDG and ATRO compared
TransDigm Group is the larger company: $2.7B of revenue in its latest quarter (Q3 FY26) against $260M for Astronics (Q2 2026). Astronics is growing faster (+27% against +22% a year earlier). TransDigm Group is more profitable, with an operating margin of 44.8% against 15.6%.
Where the money goes: TDG and ATRO
TransDigm Group (TDG) · Q3 FY26
TransDigm Group, Q3 FY26: revenue $2.7B (+22% year over year), operating margin 44.8%, net earnings $540M, operating cash flow $724M. The chart follows the revenue to costs, profit and cash.
Astronics (ATRO) · Q2 2026
Astronics, Q2 2026: revenue $260M (+27% year over year), operating margin 15.6%, net earnings $35.1M, operating cash flow $30.1M. The chart follows the revenue to costs, profit and cash.
| TransDigm Group (TDG) | Astronics (ATRO) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $2.7B | $260M |
| Revenue growth, Y/Y | +22% | +27% |
| Gross margin | 59.4% | 33.4% |
| Operating margin | 44.8% | 15.6% |
| Net earnings | $540M | $35.1M |
| Net margin | 19.7% | 13.5% |
| Operating cash flow | $724M | $30.1M |
| Free cash flow | $650M | $24.4M |
| Market value | $68.7B | — |
| P/E | 32.3× | — |
| Analysts’ mean target | $1414.30 | — |
Where the revenue comes from
Astronics
- Aerospace: $237M (91%)
- Test Systems Segment: $22.7M (9%)
Questions
Which is bigger, TransDigm Group or Astronics?
TransDigm Group is the larger company: $2.7B of revenue in its latest quarter (Q3 FY26) against $260M for Astronics (Q2 2026).
Is TransDigm Group or Astronics growing faster?
Astronics is growing faster (+27% against +22% a year earlier).
Which is more profitable, TransDigm Group or Astronics?
TransDigm Group is more profitable, with an operating margin of 44.8% against 15.6%.
More: TransDigm Group earnings · how TransDigm Group makes money · Astronics earnings · how Astronics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 4, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.