MOG-AMOOG INC.

Misc Industrial & Commercial Machinery & Equipment

Revenue: $3.9B; 7.0% YoY
Operating margin: 11.6%; 3.9% YoY
EBITDA: $553M; 11% YoY
Market cap: $11.2B
Employees: 13,500; $286K revenue each
Net debt / EBITDA: 1.4×; $757M net debt
AI in 10-K: 1.0; mentions per 10K words

Takeover score 1 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
116% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
66% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
18% of assets
Over 40% of assets
Shareholder dissentNo
95% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeYes
$286K · 18th pct
Bottom quartile of its SIC industry
Quiet on AINo
1.0 per 10K words · 34th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
1.4× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$11.2B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$6M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$2.9B	$3.0B	$3.3B	$3.6B	$3.9B	7.0%
Operating income	$271M	$283M	$344M	$404M	$450M	11%
Net income	$157M	$155M	$175M	$209M	$235M	13%
Operating cash flow	$293M	$247M	$140M	$198M	$273M	38%
Capex	$129M	$139M	$177M	$152M	$145M	4.8%
Stock-based comp	$7M	$9M	$11M	$15M	$17M	12%
Buybacks	$32M	$49M	$29M	$37M	$143M	288%
Dividends	$32M	$33M	$34M	$35M	$36M	2.7%

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Feb 3, 2026	Moog Inc. Supplemental Retirement Plan Trust	SCHEDULE 13D/A	18.0%	Passive
Apr 3, 2020	Moog Inc. Supplemental Retirement Plan Trust	SC 13D/A	20.0%	Passive
Feb 26, 2020	MOOG INC. STOCK EMPLOYEE COMPENSATION TRUST	SC 13D/A	18.9%	Passive
Jan 10, 2020	MOOG INC. STOCK EMPLOYEE COMPENSATION TRUST	SC 13D/A	20.8%	Passive
May 22, 2019	MOOG INC. STOCK EMPLOYEE COMPENSATION TRUST	SC 13D/A	22.0%	Passive
May 22, 2019	Moog Inc. Supplemental Retirement Plan Trust	SC 13D/A	19.9%	Passive
Apr 2, 2019	Moog Inc. Supplemental Retirement Plan Trust	SC 13D/A	21.1%	Passive
Mar 4, 2019	MOOG INC. STOCK EMPLOYEE COMPENSATION TRUST	SC 13D/A	20.2%	Passive
Feb 1, 2019	MOOG INC. STOCK EMPLOYEE COMPENSATION TRUST	SC 13D/A	19.1%	Passive

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $6M · 19
Net: −$6M

Pay vs performance

No pay-versus-performance disclosure yet.