Moog (MOG.A) designs and manufactures precision motion and fluid control systems for the aerospace, defense, and industrial markets. Moog might be one of the oldest companies you have never heard of. It designs and manufactures high-performance precision motion, fluid controls, and control systems. Their products are used in military and commercial airplanes, space systems, medical devices, and industrial applications.
Customers rely on these highly engineered systems for critical operations where failure is not an option, creating long-term relationships through significant technical integration and specialized aftermarket maintenance services across global fleets. Moog is headquartered in Elma, NY, and this is its 75th year of operation.
| Price | $304 | Category | Moderate | |
| Market Cap | $9.63B | Dividend | $1.20 | .39% |
| P/E Ratio | 34.3 | Analyst Avg | 1-Yr Target | $328 |
| Consensus EPS Estimate | 1Q | 2Q | 3Q | Full Year 2026 |
| 2026 | 2.63A | 2.64E | 2.71E | 10.61 |
*Aggressive/Moderate/Conservative labels describe broad business characteristics for educational purposes only. They are not risk ratings, investment guidance, or recommendations. A = Actual, E = Estimated. Market metrics such as beta, valuation multiples, and analyst estimates are widely referenced in financial research. Their relevance depends on an individual’s goals, time horizon, and risk tolerance. These figures are for informational purposes only and should not be interpreted as predictions or guidance.
Keys for Success
It takes thousands of parts to build a typical jet plane; there are as many as 2,000 unique components in the engine of a Boeing 747. A military plane can include even more. While Moog has many competitors, not every defense contractor that builds airplane parts is a direct competitor. The company is responsible for the flight control actuation system integrated in the B-2 stealth bomber.
The company specializes in advanced motion control systems. These are the mechanical systems that automate movement in a piece of equipment. Think submarine propulsion and unmanned underwater vehicle steering systems, as well as aircraft braking and steering. In the commercial world, this might include automated conveyor systems or industrial robotics systems used in manufacturing. It also includes systems for controlling fluid flow, such as an infusion pump in a medical setting or a liquid-cooling pump in a data center.
In the 1Q2026, results showed strong growth but highlighted the need to carefully manage tariff impacts and elevated working capital demands. The 12-month backlog hit a record $3.3 billion, up 33% from last year, providing strong visibility for future sales. Free cash flow improved sharply to $98 million, helped by strong operating performance and favorable customer payment timing.
Revenue rose as Space and Defense, Commercial Aircraft, and Military Aircraft all posted double-digit growth, with Space and Defense most notably driven by record demand for missile control and space vehicle products. This contributed to expansion in both operating earnings and backlog, reinforcing Moog’s position with government and commercial clients.
Profitability improved, with company-wide adjusted operating margin up 0.9 percentage points from last year, as solid program execution offset higher product development spending and tariff headwinds. Military Aircraft, operating margin rose 2.6 percentage points.
Keys for Concern
Muted 4.9% annual revenue growth over the last five years shows its demand lagged behind its industrials peers. Capital intensity has increased over the last five years, as its free cash flow margin has decreased by 6.6 percentage points. The company’s current debt also rose sharply, underscoring the need for careful balance sheet oversight in the periods ahead. Tariffs remain a risk.
Mark Notes
For growth investors, double-digit earnings growth is definitely preferable and often an indication of strong prospects and stock price gains for the company under consideration. Moog’s historical EPS growth rate is 18.5%. The company’s EPS is expected to grow 19.6% this year, ahead of the industry average of 16.4%.
This article is for general informational and educational purposes only. It is not intended as financial advice, investment guidance, or a recommendation to buy or sell any security. The content reflects publicly available information and broad market commentary. Readers should conduct their own research and consult a licensed financial professional before making investment decisions.
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