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TATT

TAT Technologies Ltd.

TATT

TAT Technologies Ltd. • NASDAQ
$38.42 ▲ 0.47% (+0.18)
Market Cap $497.56 M
52w High $45.83
52w Low $21.71
Dividend Yield 0%
P/E 28.89
Volume 19.83K
Outstanding Shares 12.95M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $46.235M ▲ $6.341M ▼ $4.841M ▲ 10.47% ▲ $0.38 ▲ $7.087M ▲
Q2-2025 $43.104M ▲ $6.39M ▲ $3.442M ▼ 7.985% ▼ $0.3 ▼ $4.867M ▼
Q1-2025 $42.142M ▲ $5.784M ▲ $3.813M ▲ 9.048% ▲ $0.35 ▲ $5.752M ▲
Q4-2024 $41.044M ▲ $5.369M ▲ $3.575M ▲ 8.71% ▲ $0.33 ▲ $4.772M ▲
Q3-2024 $40.459M $5.035M $2.865M 7.081% $0.27 $4.645M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $47.094M ▲ $224.135M ▲ $53.447M ▲ $170.688M ▲
Q2-2025 $43.183M ▲ $213.635M ▲ $47.854M ▼ $165.781M ▲
Q1-2025 $5.02M ▼ $170.856M ▲ $54.324M ▲ $116.532M ▲
Q4-2024 $7.129M ▼ $163.362M ▲ $51.393M ▲ $111.969M ▲
Q3-2024 $8.57M $157.687M $49.185M $108.502M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $4.841M ▲ $7.495M ▲ $-2.743M ▲ $-835K ▼ $3.917M ▼ $4.752M ▲
Q2-2025 $3.442M ▼ $6.949M ▲ $-3.305M ▼ $34.495M ▲ $38.139M ▲ $3.644M ▲
Q1-2025 $3.813M ▲ $-5.035M ▼ $-2.862M ▼ $5.798M ▲ $-2.099M ▼ $-7.897M ▼
Q4-2024 $3.575M ▲ $-961K ▼ $-1.569M ▲ $1.096M ▲ $-1.434M ▼ $-2.499M ▼
Q3-2024 $2.865M $2.79M $-1.621M $-653K $516K $1.169M

Five-Year Company Overview

Income Statement

Income Statement Over the past few years TAT has shifted from a period of flat, low‑margin activity and small losses to clear, profitable growth. Sales have been climbing steadily, and profit margins have improved as the business scales and becomes more efficient. Operating profit and EBITDA have turned consistently positive, and net income is now meaningfully in the black after several loss‑making years. The pattern suggests a business that has moved through a turnaround or restructuring phase and is now benefiting from both higher volumes and better cost control, though performance is still at a relatively early stage and could remain sensitive to swings in demand or contract timing.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. Total assets have grown gradually, reflecting ongoing investment in the business, while shareholder equity has increased, indicating that profits are being retained and the capital base is strengthening. Debt levels appear modest relative to equity, suggesting a reasonable leverage profile rather than an aggressive one. Cash on hand has ticked down recently, which is worth watching, but overall the company does not appear heavily reliant on borrowing to fund its operations or growth.

Cash Flow

Cash Flow Cash flow is the main pressure point. Even as reported profits have improved, operating cash flow has recently been slightly negative, and free cash flow has stayed under strain due to steady capital spending. In simple terms, more cash is going out than coming in from day‑to‑day operations at the moment, as the company continues to invest in its facilities and capabilities. This is typical for a business in an investment and growth phase, but it means there is less cushion if results soften or projects are delayed, and it increases the importance of disciplined working‑capital management and careful capital allocation.

Competitive Edge

Competitive Edge TAT occupies specialist niches within aerospace and defense rather than competing head‑to‑head with the industry’s giants. Its strengths are deep know‑how in thermal management, strong positions in specific Maintenance, Repair and Overhaul segments, and long‑standing relationships with major OEMs. The Honeywell APU service partnership and Embraer landing‑gear approvals give it access to high‑value, recurring work that is difficult for unapproved rivals to replicate. Its focus on narrower segments and underserved markets supports pricing power and customer stickiness. The flip side is concentration risk: reliance on a limited set of partners, platforms, and product areas, as well as exposure to overall aviation cycles and to strategic decisions by larger OEMs.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. The FutureWorks R&D hub is aimed at next‑generation thermal management for electric, hybrid, and potentially hydrogen aircraft, as well as smarter, sensor‑enabled systems that support predictive maintenance. This aligns TAT with key long‑term trends in cleaner and more digital aviation. The company’s modular, scalable system designs and experience in harsh defense environments provide a solid technical base. However, the commercial payoff from these initiatives depends on how quickly electric and hybrid aviation markets develop, TAT’s success in securing positions on new aircraft platforms, and its ability to move from prototypes to certified, widely adopted products. R&D is therefore both a major opportunity and a meaningful execution risk.

Summary

Overall, TAT looks like a niche aerospace player that has come through a challenging period, regained profitability, and is now investing for the next wave of industry change. Its financial statements show healthier earnings and a solid, not overly leveraged balance sheet, offset by weaker recent cash generation due to ongoing investment. Competitively, it benefits from specialized capabilities, OEM approvals, and long‑term partnerships that create meaningful barriers to entry in its chosen niches. The company’s push into advanced thermal solutions for electric and hybrid aviation could unlock attractive growth if market adoption and program wins materialize, but this is not guaranteed and will likely take time. In short, TAT combines a more stable core MRO and thermal business with a forward‑looking, higher‑risk innovation agenda, and its future trajectory will hinge on balancing that growth ambition with disciplined financial and operational execution.

NEWS

November 12, 2025 · 4:38 PM UTC

TAT Technologies Reports Third Quarter 2025 Results

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November 6, 2025 · 8:30 AM UTC

TAT Technologies to Announce Third Quarter Financial Results on November 12 and Host Earnings Webcast on November 13

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September 3, 2025 · 8:00 AM UTC

TAT Technologies Unveils FutureWorks: TAT's Center for Aerospace Innovation

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