MOOG Inc.

Moog designs, builds and integrates precision motion and fluid controls: the systems that move, steer and position things where accuracy matters. Its work includes flight controls for military and commercial aircraft, steering for rockets and missiles, turreted weapons, spacecraft parts, and controls for industrial machinery, energy equipment and medical devices. Its products helped a Mars Rover land safely. Technical sales staff work directly with customers such as Boeing and government agencies, plus industrial and medical companies.

Sales are spread fairly evenly across four segments. In the fiscal year ended September 27, 2025, Moog had $3.86 billion in sales. Space and Defense was the largest segment at 28.8%, followed by Industrial at 24.8%, Commercial Aircraft at 23.4% and Military Aircraft at 23.0%. About 63% of sales were in the US, 6.4% in Germany and 30.6% in other countries.

Moog earns money by selling engineered products. On some contracts, sales are counted as the work progresses, and some contracts are at a fixed price. It spent $94 million, about 2.4% of sales, on research and development in fiscal 2025. Its twelve-month backlog, meaning confirmed orders it expects to turn into sales within a year, was $3.0 billion as of September 27, 2025, up 20% from a year earlier. It has more than 13,500 employees in over 20 countries.

• In Q3 FY2026 (ended Jun 27, 2026), revenue was $1.12B, up 15.2% from a year earlier, and net income was $152.0M (+159.9%).
• For fiscal 2025, revenue was $3.86B (+7.0% year over year; +6.0% a year from FY2020 to FY2025) with a 6.1% net margin.

• Over FY2021–FY2025: $289.0M in buybacks and $171.1M in dividends.
• Regular dividend per share increased 5 years in a row.
• Regular dividends per share grew +8.9% a year over 5 years (FY2020–FY2025).
• Dividends took 15.5% of earnings and 28.4% of free cash flow in the latest fiscal year.

Rank among 1514 US companies

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 19 sales ($5.7M), 10 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

ETFs with the most weight in MOG.A

1. Heavy reliance on Boeing. Moog singles out Boeing as a customer whose loss, or a big cut in orders, could hurt results. Trouble at one aircraft maker can spread into Moog's sales and profits.
2. Dependence on government contracts and funding. Moog depends heavily on government contracts. Programs may not be fully funded or may end early, cutting sales and raising costs. Breaking contracting rules could bring fines or a ban on future contracts.
3. Fixed-price contracts can turn into losses. On fixed-price contracts, Moog gets an agreed price even if the work costs more than planned, so overruns come out of its profit. Revised cost estimates on long contracts can also swing earnings.
4. Losing a key defense security clearance. If the US Defense Counterintelligence and Security Agency invalidated Moog Military Aircraft LLC's facility security clearance, the unit could lose future business, since classified defense work requires such a clearance.
5. Costly materials and a tight supply chain. Higher prices for raw materials and outside parts have already hurt profit and cash flow. Shortages, or suppliers failing to deliver, could delay shipments and hurt Moog's chances of winning future work.
6. Debt and loan terms could limit flexibility. As of June 27, 2026, Moog had about $908 million of debt and $67 million in cash. Covenants, the conditions lenders attach to loans, could restrict borrowing, spending and other choices.

• Jul 31, 2026 Quarterly results released; Other company announcement
• Jul 6, 2026 Executive or board change
• Apr 24, 2026 Quarterly results released; Other company announcement
• Apr 3, 2026 Major agreement ended
• Mar 24, 2026 Major agreement signed; New debt or financial obligation; Debt obligation accelerated
• Mar 10, 2026 Other company announcement
• Mar 10, 2026 Investor presentation or announcement; Other company announcement
• Mar 3, 2026 Major agreement signed; New debt or financial obligation
• Feb 11, 2026 Shareholder vote results
• Jan 30, 2026 Quarterly results released; Other company announcement

Moog's dividend is small: the yield was 0.34% as of October 28, 2026, so most of any return would need to come from share-price gains. Dividends per share rose from $0.75 in fiscal 2020 to $1.15 in fiscal 2025, about 8.9% a year, with five straight yearly increases. In fiscal 2025, dividends used 15.5% of earnings and 28.4% of free cash flow (cash left after running and investing in the business). Free cash flow was negative in fiscal 2023. Moog has returned more through buybacks, or repurchases of its own shares: $289 million over fiscal 2021–2025, against $171 million in dividends.

The shares have fallen sharply in downturns. They dropped 62.9% in the 2008 financial crisis and took until May 2013 to recover. In the 2020 COVID crash they fell 61.7%, recovering by May 2021. The 2022 drop was 21.3%, made up in about three months. Single stocks like Moog carry more risk than diversified funds.