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Side-by-side financial comparison of Ball Corporation (BALL) and TransDigm Group (TDG). Click either name above to swap in a different company.
Ball Corporation is the larger business by last-quarter revenue ($3.3B vs $2.3B, roughly 1.5× TransDigm Group). TransDigm Group runs the higher net margin — 19.5% vs 6.0%, a 13.5% gap on every dollar of revenue. On growth, Ball Corporation posted the faster year-over-year revenue change (16.2% vs 13.9%). Ball Corporation produced more free cash flow last quarter ($1.0B vs $772.0M). Over the past eight quarters, TransDigm Group's revenue compounded faster (9.1% CAGR vs 7.9%).
Ball Corporation is a leading global provider of innovative, sustainable aluminum packaging solutions for beverage, personal care, and household product brands. It also operates an aerospace segment that delivers advanced technologies, systems, and services to government and commercial customers worldwide, prioritizing environmental responsibility and product reliability across all operations.
TransDigm Group Incorporated is an American publicly traded aerospace manufacturing company headquartered in Cleveland, Ohio. TransDigm develops and manufactures engineered aerospace components. It was founded in 1993, when four industrial aerospace companies were combined by a private equity firm in a leveraged buyout. TransDigm expanded the range of aerospace components it manufactures through acquisitions over the years.
BALL vs TDG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $2.3B |
| Net Profit | $200.0M | $445.0M |
| Gross Margin | — | 59.2% |
| Operating Margin | 7.2% | 45.6% |
| Net Margin | 6.0% | 19.5% |
| Revenue YoY | 16.2% | 13.9% |
| Net Profit YoY | 766.7% | -9.7% |
| EPS (diluted) | $0.73 | $6.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.3B | $2.3B | ||
| Q3 25 | $3.4B | $2.4B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.0B | $2.0B | ||
| Q1 24 | $2.9B | $1.9B |
| Q4 25 | $200.0M | $445.0M | ||
| Q3 25 | $321.0M | $610.0M | ||
| Q2 25 | $215.0M | $492.0M | ||
| Q1 25 | $179.0M | $479.0M | ||
| Q4 24 | $-30.0M | $493.0M | ||
| Q3 24 | $199.0M | $468.0M | ||
| Q2 24 | $159.0M | $461.0M | ||
| Q1 24 | $3.7B | $403.0M |
| Q4 25 | — | 59.2% | ||
| Q3 25 | — | 60.3% | ||
| Q2 25 | — | 59.5% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 61.6% | ||
| Q3 24 | 17.7% | 57.5% | ||
| Q2 24 | 16.5% | 59.6% | ||
| Q1 24 | 16.6% | 60.0% |
| Q4 25 | 7.2% | 45.6% | ||
| Q3 25 | 11.6% | 47.6% | ||
| Q2 25 | 8.0% | 46.4% | ||
| Q1 25 | 7.4% | 46.1% | ||
| Q4 24 | 0.2% | 48.6% | ||
| Q3 24 | 7.4% | 43.1% | ||
| Q2 24 | 6.8% | 45.7% | ||
| Q1 24 | 6.8% | 45.2% |
| Q4 25 | 6.0% | 19.5% | ||
| Q3 25 | 9.5% | 25.0% | ||
| Q2 25 | 6.4% | 22.0% | ||
| Q1 25 | 5.8% | 22.3% | ||
| Q4 24 | -1.0% | 24.6% | ||
| Q3 24 | 6.5% | 21.4% | ||
| Q2 24 | 5.4% | 22.5% | ||
| Q1 24 | 128.3% | 21.0% |
| Q4 25 | $0.73 | $6.62 | ||
| Q3 25 | $1.18 | $7.75 | ||
| Q2 25 | $0.76 | $8.47 | ||
| Q1 25 | $0.63 | $8.24 | ||
| Q4 24 | $0.23 | $7.62 | ||
| Q3 24 | $0.65 | $5.82 | ||
| Q2 24 | $0.51 | $7.96 | ||
| Q1 24 | $11.61 | $6.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $2.5B |
| Total DebtLower is stronger | $7.0B | $29.2B |
| Stockholders' EquityBook value | $5.4B | $-9.3B |
| Total Assets | $19.5B | $23.8B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $2.5B | ||
| Q3 25 | $568.0M | $2.8B | ||
| Q2 25 | $296.0M | $2.8B | ||
| Q1 25 | $449.0M | $2.4B | ||
| Q4 24 | $885.0M | $2.5B | ||
| Q3 24 | $1.4B | $6.3B | ||
| Q2 24 | $1.3B | $3.4B | ||
| Q1 24 | $1.7B | $4.3B |
| Q4 25 | $7.0B | $29.2B | ||
| Q3 25 | $6.9B | $29.2B | ||
| Q2 25 | $6.5B | $24.3B | ||
| Q1 25 | $6.1B | $24.3B | ||
| Q4 24 | $5.3B | $24.3B | ||
| Q3 24 | $5.4B | $24.3B | ||
| Q2 24 | $5.5B | $21.4B | ||
| Q1 24 | $5.5B | $21.3B |
| Q4 25 | $5.4B | $-9.3B | ||
| Q3 25 | $5.4B | $-9.7B | ||
| Q2 25 | $5.2B | $-5.0B | ||
| Q1 25 | $5.5B | $-5.7B | ||
| Q4 24 | $5.9B | $-6.3B | ||
| Q3 24 | $6.7B | $-6.3B | ||
| Q2 24 | $6.9B | $-2.5B | ||
| Q1 24 | $7.3B | $-3.0B |
| Q4 25 | $19.5B | $23.8B | ||
| Q3 25 | $18.7B | $22.9B | ||
| Q2 25 | $18.6B | $22.7B | ||
| Q1 25 | $18.0B | $21.9B | ||
| Q4 24 | $17.6B | $21.5B | ||
| Q3 24 | $18.8B | $25.6B | ||
| Q2 24 | $19.0B | $21.8B | ||
| Q1 24 | $19.9B | $21.6B |
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 0.80× | — | ||
| Q1 24 | 0.76× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.2B | $832.0M |
| Free Cash FlowOCF − Capex | $1.0B | $772.0M |
| FCF MarginFCF / Revenue | 31.1% | 33.8% |
| Capex IntensityCapex / Revenue | 5.1% | 2.6% |
| Cash ConversionOCF / Net Profit | 6.05× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $788.0M | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $832.0M | ||
| Q3 25 | $384.0M | $507.0M | ||
| Q2 25 | $332.0M | $631.0M | ||
| Q1 25 | $-665.0M | $148.0M | ||
| Q4 24 | $500.0M | $752.0M | ||
| Q3 24 | $610.0M | $572.0M | ||
| Q2 24 | $252.0M | $608.0M | ||
| Q1 24 | $-1.2B | $229.0M |
| Q4 25 | $1.0B | $772.0M | ||
| Q3 25 | $257.0M | $441.0M | ||
| Q2 25 | $236.0M | $573.0M | ||
| Q1 25 | $-746.0M | $92.0M | ||
| Q4 24 | $393.0M | $710.0M | ||
| Q3 24 | $493.0M | $531.0M | ||
| Q2 24 | $146.0M | $568.0M | ||
| Q1 24 | $-1.4B | $181.0M |
| Q4 25 | 31.1% | 33.8% | ||
| Q3 25 | 7.6% | 18.1% | ||
| Q2 25 | 7.1% | 25.6% | ||
| Q1 25 | -24.1% | 4.3% | ||
| Q4 24 | 13.6% | 35.4% | ||
| Q3 24 | 16.0% | 24.3% | ||
| Q2 24 | 4.9% | 27.8% | ||
| Q1 24 | -48.7% | 9.4% |
| Q4 25 | 5.1% | 2.6% | ||
| Q3 25 | 3.8% | 2.7% | ||
| Q2 25 | 2.9% | 2.6% | ||
| Q1 25 | 2.6% | 2.6% | ||
| Q4 24 | 3.7% | 2.1% | ||
| Q3 24 | 3.8% | 1.9% | ||
| Q2 24 | 3.6% | 2.0% | ||
| Q1 24 | 5.4% | 2.5% |
| Q4 25 | 6.05× | 1.87× | ||
| Q3 25 | 1.20× | 0.83× | ||
| Q2 25 | 1.54× | 1.28× | ||
| Q1 25 | -3.72× | 0.31× | ||
| Q4 24 | — | 1.53× | ||
| Q3 24 | 3.07× | 1.22× | ||
| Q2 24 | 1.58× | 1.32× | ||
| Q1 24 | -0.34× | 0.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
TDG
| Airframe | $1.0B | 45% |
| Defense | $603.0M | 26% |
| Commercial Aftermarket | $368.0M | 16% |
| Commercial OEM | $253.0M | 11% |
| Non Aviation Related Business | $40.0M | 2% |
