Moog (MOG-B) concentration risks

The company's disclosed concentration profile is defined by its aerospace and defense orientation at multiple levels. Aerospace and defense OEM customers collectively represented 61% of 2025 sales — a high share by disclosed size with a structural character, reflecting the company's deliberate positioning as a precision motion control supplier to the defense and commercial aerospace industry rather than dependence on any single name. Beneath that segment-level tilt, U.S. Government contracts represented 38% of total sales in 2025, primarily within Space and Defense and Military Aircraft — a moderate share with mixed character, combining structural positioning in the defense budget with dependency on appropriations continuity and program-level funding decisions. At the customer level, the five largest customers represented approximately 31% of 2025 sales — a moderate share with a dependency character, indicating that while no single buyer dominates, a handful of primes and agencies account for a meaningful portion of the top line. The Boeing Company individually accounted for 10% of 2025 sales across military, commercial, and space applications — a small share at the consolidated level, but a named dependency that adds idiosyncratic exposure to that customer's own production rates and program health. Together, these disclosures describe a business whose revenues are structurally anchored to defense and aerospace end markets, with government budget dynamics and prime contractor health as the primary external variables.

For the engine’s reasoning on MOG-B’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.

Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.