| Stage | TDG | % of rev | DCO | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $2.7B | 100.00% | $224M | 100.00% | TDG ×12.21 |
| Gross profit | $1.6B | 59.39% | $63M | 28.02% | TDG +31.4pp |
| Operating income | $1.2B | 44.76% | $28M | 12.62% | TDG +32.1pp |
| Pre-tax income | $713M | 26.01% | $25M | 11.05% | TDG +15.0pp |
| Net income | $540M | 19.70% | $20M | 9.09% | TDG +10.6pp |
| Stage | TDG | DCO | Gap · A − B |
|---|---|---|---|
| Revenue | $2.7B100.00% | $224M100.00% | TDG ×12.21 |
| Gross profit | 59.39%$1.6B | 28.02%$63M | TDG +31.4pp |
| Operating income | 44.76%$1.2B | 12.62%$28M | TDG +32.1pp |
| Pre-tax income | 26.01%$713M | 11.05%$25M | TDG +15.0pp |
| Net income |
| 19.70%$540M |
| 9.09%$20M |
| TDG +10.6pp |
TDG 10-KNov 12 '25
“Our sales to manufacturers of large commercial aircraft, such as Boeing, Airbus, and related OEM suppliers, as well as manufacturers of business jets have historically experienced periodic downturns.”
DCO 10-KFeb 26 '26
“Sales to The Boeing Company ("Boeing"), which now includes Spirit AeroSystems Holdings, Inc. ("Spirit"), based on Boeing's December 8, 2025 announcement confirming the closing of its acquisition of all of Spirit's Boeing-related commercial operations, comprise a significant portion of our commercial aerospace end-use market in 2025.”