| Stage | TDY | % of rev | NOC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.7B | 100.00% | $11.1B | 100.00% | NOC ×6.60 |
| Gross profit | $739M | 43.88% | $2.4B | 21.15% | TDY +22.7pp |
| Operating income | $347M | 20.61% | $1.3B | 11.41% | TDY +9.2pp |
| Pre-tax income | $347M | 20.58% | $1.3B | 11.67% | TDY +8.9pp |
| Net income | $273M | 16.19% | $1.1B | 10.11% | TDY +6.1pp |
| Stage | TDY | NOC | Gap · A − B |
|---|---|---|---|
| Revenue | $1.7B100.00% | $11.1B100.00% | NOC ×6.60 |
| Gross profit | 43.88%$739M | 21.15%$2.4B | TDY +22.7pp |
| Operating income | 20.61%$347M | 11.41%$1.3B | TDY +9.2pp |
| Pre-tax income | 20.58%$347M | 11.67%$1.3B | TDY +8.9pp |
| Net income |
| 16.19%$273M |
| 10.11%$1.1B |
| TDY +6.1pp |
TDY 10-KFeb 21 '25
“Sales under contracts with the U.S. Government, including sales under contracts with the U.S. Department of Defense, as prime contractor or subcontractor, represented 24.3% and 24.5% of our total net sales in 2024 and 2023, respectively.”
NOC 10-KJan 27 '26
“Sales to the U.S. government accounted for 84 percent, 87 percent and 86 percent of sales during the years ended December 31, 2025, 2024 and 2023, respectively.”
TDY 10-KFeb 21 '25
“Other marine products used by the U.S. Navy and commercial customers include acoustic modems for networked underwater communication and optical underwater cameras and LED lighting sources.”
NOC 10-KJan 30 '25
“Aeronautics Systems is a leader in the design, development, production, integration, sustainment and modernization of military aircraft systems for the U.S. Air Force, the U.S. Navy, other U.S. government agencies, and international customers.”