Moog vs V2X
V2X reported revenue of $4.5 billion in fiscal 2025, 1.2 times Moog's $3.9 billion in fiscal 2025. Moog's revenue grew 7.0% in its latest year, and V2X's grew 3.6%. Moog had an operating margin of 11.7%, against 4.3% at V2X. Free cash flow was $128 million at Moog and $170 million at V2X. Their fiscal years end in different months (September 27 and December 31), so the periods don't line up exactly.
Side by side
| Moog | V2X | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 27, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.9B | $4.5B |
| Revenue growth | 7.0% | 3.6% |
| Revenue growth a year, last 5 years | 6.0% | 26.3% |
| Gross margin | 27.4% | 8.3% |
| Operating margin | 11.7% | 4.3% |
| Net margin | 6.1% | 1.7% |
| Free cash flow | $128M | $170M |
| Free cash flow margin | 3.3% | 3.8% |
| Return on capital | 11.7% | 8.2% |
| Net debt to EBITDA | 1.8x | 2.4x |
| Dividends and buybacks | $179M | $30M |
| Change in diluted share count | −0.9% | −0.5% |
| Last close | $323.56 | $76.14 |
| P/E at the last close | 27.5× | 24.2× |
| Insider trades, last 12 months | sold $5.7 million | sold $364.1 million |
| Piotroski F-score | 7 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MoogV2X
Operating margin
Percent of revenue
MoogV2X
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MoogV2X