TAYDNasdaqGeneral Industrial Machinery & Equipment, NECUS GAAP · USD

Taylor Devices, Inc

Taylor Devices is a U.S.-based industrial engineering company that designs and manufactures shock absorption, rate control, and energy storage devices for machinery, equipment, and structures. Its products are used across industrial, structural, aerospace, and defense applications, including seismic protection, vibration control, buffers, dampers, and custom actuators.

Revenue41.6m USD
−10.0 %y/y
Operating profit (EBIT)7.3m USD
−23.7 %y/y
EBIT margin17.6%
−3.2 ppy/y
Net income8.6m USD
−9.0 %y/y
Free cash flow4.9m USD
+0.3 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-1001020304050m USD2021: 23 m USD2021: EBIT -2.4 m USD20212022: 31 m USD2022: EBIT 2.5 m USD20222023: 40 m USD2023: EBIT 6.8 m USD20232024: 45 m USD2024: EBIT 9.5 m USD20242025: 46 m USD2025: EBIT 9.6 m USD20252026: 42 m USD2026: EBIT 7.3 m USD2026427.3
RevenueOperating profit (EBIT)

Business

Share of revenue
Structural damping32 %

Seismic dampers and related devices used to protect buildings, bridges, and other structures.

Aerospace and defense shock control59 %

Custom and standard shock absorption products used in aerospace and defense programs.

Industrial buffers and absorbers9 %

Crane buffers, industrial shock absorbers, and related equipment for factory and heavy machinery use.

Customers

Taylor Devices sells to industrial, structural, and aerospace/defense customers that need controlled motion, vibration isolation, or impact protection. Its customer base includes contractors and owners of buildings and bridges, industrial equipment users, and government-linked aerospace and defense programs that often require custom-engineered products.

Aerospace / Defense

Buys custom and standard shock absorption devices for aircraft, defense systems, and related programs where qualification and testing matter.

Structural

Buys seismic dampers and wind/earthquake protection systems for new construction and retrofit projects.

Industrial

Buys buffers, absorbers, and vibration-control products for cranes, machinery, and heavy equipment.

Strategy

The company focuses on engineering specialized products, maintaining technical sales capability, and developing new technologies that extend its product line. It also invests in manufacturing and testing equipment to support capacity, product qualification, and custom project execution across industrial, structural, and defense markets.

Product development and technical differentiationMedium term

Specialized shock-control products compete on engineering performance and qualification, not price alone.

Capacity and testing capabilityShort term

Manufacturing and testing assets are needed to support custom orders, program qualification, and backlog conversion.

International sales coverageMedium term

Foreign demand is served through representatives, which broadens reach without a large direct overseas footprint.

Geography

Taylor Devices is headquartered and manufactures in the United States, with sales made domestically and through non-employee representatives in international markets. Reported revenue is heavily U.S.-weighted, but Asia is a meaningful export market and the company also serves other foreign regions through technical sales channels.

Risks

Taylor Devices depends on a relatively small number of customers and on project-based demand, so order timing and customer concentration can materially affect results. The business also faces competition from alternative damping technologies and foreign suppliers, while defense-related work is exposed to government spending and contract termination risk.

Sorted by severity
Customer concentrationHigh

A small number of customers account for a large portion of net sales, so losing one could materially reduce revenue.

Exposure: Three customers were about 42% of 2025 sales

Defense spending and contract terminationHigh

Federal contracts are subject to government termination and defense budget changes, which can reduce orders.

Exposure: Aerospace / defense programs

Competitive pressureMedium

The company competes against other damping technologies and foreign manufacturers, which can affect pricing and win rates.

ExposureCrane buffersStructural dampingSeismic protection
Project timing and backlog volatilityMedium

Structural and custom program revenue depends on order timing, progress payments, and project execution.

Exposure: Custom structural and aerospace orders

Supply chain dependenceMedium

The company relies on numerous U.S. and foreign suppliers for raw materials and components.

Exposure: Manufacturing inputs

Accounting

Judgemental items
Revenue recognition timing

In 2025, 68% of revenue was recognized over time and 32% at a point in time, so contract mix affects reported revenue timing.

Impact: Quarterly revenue and gross margin can move with project milestones and shipment timing.

Contract assets and liabilities

The company nets progress billings against costs and estimated earnings on uncompleted contracts.

Impact: Balance sheet working capital can fluctuate with project execution.

Backlog

Backlog indicates future revenue conversion but depends on customer schedules and project completion.

Impact: Useful for demand visibility, but timing can vary materially.

Inventory valuation

Raw materials, work-in-process, finished goods, and maintenance inventory are significant working-capital items.

Impact: Obsolescence or slow-moving stock could affect earnings.

Stock-based compensation

Option expense is recognized in SG&A and can affect operating expense trends.

Impact: Non-cash compensation influences reported profitability.

Publicly listed companies with a comparable business focus.

Last updated: 29/04/2026