Moog Inc. · NYSE:MOG.A
Moog — FY2025 Earnings Presentation
19 slides from Moog's earnings presentation, November 2025
Slide 1: Fourth Quarter and Fiscal Year 2025 Earnings Supplemental
Moog Fourth Quarter and Fiscal Year 2025 Earnings Supplemental November 2025 Shaping the way our world moves
Slide 2: Disclosures
Disclosures Cautionary Statement Regarding Forward Looking Information This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which can be identified by wor
Slide 3: Fiscal Year 2025 Highlights
Fiscal Year 2025 Highlights Delivered record full-year results with strong growth in sales, margin and earnings Secured record orders and record twelve-month backlog of $3B FY’25 achieved continued progress against A long-term financial objectives 3 moog | Shaping the way our world moves
Slide 4: Fourth Quarter 2025 Operational Highlights
Fourth Quarter 2025 Operational Highlights Earned CAE’s Crystal Excellence Award for outstanding operational performance Received Lockheed Martin’s PAC-3 supplier award for 100% on-time delivery Customer Focus Won content on Australian GMLRS program with Lockheed Martin Enhanced agility in m
Slide 5: Fiscal Year 2025 Financial Headlines
Fiscal Year 2025 Financial Headlines Record Record Record $3.9B 13.0% $8.69 $128M Sales Adjusted Adjusted Free Cash Operating Earnings Flow* Margin* Per Share* * Non-GAAP measures, see appendix for reconciliations A record year marked by higher sales, margin expansion and robust adjusted earnings pe
Slide 6: Fiscal Year 2025 Sales
Fiscal Year 2025 Sales USD in millions 7% $3,861 Sales FY’25 FY’24 Delta Comments Space and Defense $ 1,113 $ 1,018 9% Strong demand led by missile controls $3,609 and satellite components Military Aircraft 888 812 9% Higher MV-75 activity and new production programs Commercial Aircraft 904 788 15%
Slide 7: Fiscal Year 2025 Adjusted Operating Margin
Fiscal Year 2025 Adjusted Operating Margin* 120bps Adjusted Operating FY’25 FY’24** Delta Comments 13.5% Margins* (bps) Ex. Tariff Space and Defense 13.5% 13.3% 20 Profitable sales growth, partially offset by 30bps last year’s ERC benefit and this year’s 13.0% investments to support growth 12.7% Mil
Slide 8: Fourth Quarter 2025 Financial Headlines
Fourth Quarter 2025 Financial Headlines Record Record Record $1.0B 13.7% $2.56* 242% Sales Adjusted Adjusted Free Cash Operating Earnings Flow Margin* Per Share* Conversion* * Non-GAAP measures, see appendix for reconciliations Delivered quarterly records and outstanding free cash flow conversion 8
Slide 9: Fourth Quarter 2025 Sales
Fourth Quarter 2025 Sales USD in millions 14% $1,049 Sales* Q4’25 Q4’24** Delta Comments Space and Defense $ 307 $ 263 17% Strong demand across missile controls and satellite components Military Aircraft 236 216 10% Higher MV-75 activity and newly secured pricing $919 Commercial Aircraft 252 199 27%
Slide 10: Fourth Quarter 2025 Adjusted Operating Margin
Fourth Quarter 2025 Adjusted Operating Margin* Adjusted Operating Q4’25 Q4’24** Delta Comments 120bps Margins* (bps) Space and Defense 15.1% 13.2% 190 Profitable sales growth, partly offset by 14.7% investments in product development, Ex. Tariff business capture and operational readiness 20bps Milit
Slide 11: Fiscal Year 2026 Guidance
Fiscal Year 2026 Guidance $4.2B 13.4% $10.00** 60% Sales Adjusted Adjusted Free Cash Operating Earnings Flow Margin* Per Share* Conversion* * Non-GAAP measures, see appendix for reconciliations ** Midpoint of ±$0.20 range FY’26 reflects broad growth and continued margin, EPS and free cash flow expan
Slide 12: Current Year Guidance: Segments & EBITDA
Current Year Guidance: Segments & EBITDA USD in millions Current Year Guidance vs Prior Year Current Year Guidance vs Prior Year Sales FY’26 (F) FY’25 Delta Adjusted Operating Margins* FY’26 (F) FY’25 Delta As of Oct’25 As of Oct’25 (bps) Space and Defense $ 1,235 $1,113 11% Space and Defense 13.5%
Slide 13: Key Takeaways
Key Takeaways Exceptional fourth quarter and outstanding full year financial performance Simplification efforts and operational initiatives drove financial strength FY’26 will represent another year of progressive improvement Our employees’ focus drives Moog’s success, culture and value creation 13
Slide 14: Trended Financial Summary
Trended Financial Summary USD in millions, except for EPS FY’26 (F) FY’25 FY’24*** As of Oct’25 Total Sales $ 4,205 $ 3,861 $ 3,609 Adjusted Operating Profit* $ 563 $ 501 $ 458 Adjusted Operating Margin* 13.4% 13.0% 12.7% Interest $ 73 $ 72 $ 66 Effective Tax Rate 25% 25% 23% Adjusted EPS*,** $ 10.0
Slide 15: Appendix
Appendix 15 moog | Shaping the way our world moves
Slide 16: Reconciliation of Net Earnings to Adjusted EBITDA
Reconciliation of Net Earnings to Adjusted EBITDA USD in millions 16 moog | Shaping the way our world moves
Slide 17: Reconciliation to Adjusted Net Earnings and Diluted Earnings Per Share
Reconciliation to Adjusted Net Earnings and Diluted Earnings Per Share USD in millions, except for shares, EPS and effective income tax rate 17 moog | Shaping the way our world moves
Slide 18: Reconciliation to Adjusted Operating Profit and Margin
Reconciliation to Adjusted Operating Profit and Margin USD in millions 18 moog | Shaping the way our world moves
Slide 19: Reconciliation to Free Cash Flow and Free Cash Flow Conversion
Reconciliation to Free Cash Flow and Free Cash Flow Conversion USD in millions 19 moog | Shaping the way our world moves