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Stock research / United States / WWD · Electrical Industrial Apparatus · Nasdaq

Woodward, Inc. (WWD)

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Woodward, Inc. (WWD) reported revenue of $1.1 billion for Q3 FY2026, the quarter ended 30 June 2026, up 21.2% on the same quarter a year earlier. Net income was $147 million, up 35.2% on the year, and diluted earnings per share $2.40. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$1.1 billionup 21.2%
Net income$147 millionup 35.2%
Diluted EPS$2.40
QuarterQ3 FY2026ended 30 June 2026

Woodward (WWD) in brief

Woodward (WWD) reported revenue of $3.6 billion for fiscal 2025, the year ended 30 September 2025, up 7.3% on the year before.
Read moreNet income was $442 million and diluted earnings per share $7.19. Revenue was $3.3 billion in fiscal 2024, $2.9 billion in fiscal 2023, $2.4 billion in fiscal 2022 and $2.2 billion in fiscal 2021. Net income in the same years was $373 million, $232 million, $172 million and $209 million. Over the twelve months to 30 June 2026, Woodward reported revenue of $4.2 billion and net income of $552 million. Revenue grew 7.4% a year, compounded, over the five years to fiscal 2025. Woodward declared $1.09 a share in dividends over the last four quarters and had 59 million shares outstanding at the latest filed count. At 30 June 2026 it carried $618 million of debt and $475 million of cash. At the close of 8 October 2026 the market cap of Woodward was $19.1 billion, 36.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE22.3%
ROCEn/a
Operating marginn/a
Net margin13.2%
FCF margin9.0%
Interest covern/a
Debt to equity0.25
Cash conversion1.06
Share count, 1 year-1.5%
Sales CAGR, 3 years14.4%
Profit CAGR, 3 years37.1%
EPS, TTM$8.99

At the close of 8 October 2026

Price$323.45
Market cap$19.1 billion
Stock P/E35.98
Price to book7.72
EV / EBITDAn/a
Dividend yield0.3%
Market cap / sales4.56
52-week high$436.44
52-week low$246.97
Price, 1 year28.5%
Price CAGR, 3 years36.2%
Price CAGR, 5 years23.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Woodward, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
WWDgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on WWD

Filings25 in twelve months: 16 current reports (8-K), about 5 other events; 4 results of operations; 3 regulation fd disclosure; 2 exit or disposal costs; 2 material agreement
Planned insider sales25 Form 144 notices in twelve months, $37.4 million; latest 31 July 2026
Options tapeput/call 2.83 by open interest at the 8 October 2026 close; the straddle prices a 4.3% move to 16 October 2026
13F holders11 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading73 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.1 million shares short, 1.87 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue7777878358488547738849159959961,0911,110
Cost of revenue589582601618647583644666718704775760
Gross profit188204234230208190240249277292316350
Gross margin24%26%28%27%24%25%27%27%28%29%29%32%
R&D30.730.836.538.734.730.237.241.139.037.846.149.3
SG&A65.974.581.473.877.769.783.888.787.695.0102106
Interest expense11.711.411.511.513.512.311.911.210.210.312.014.8
Pre-tax income98.0110121122102102133127160169167194
Tax rate16%18%19%16%18%14%18%14%14%21%20%24%
Net income82.790.097.610283.387.1109108138134134147
Net margin11%11%12%12%10%11%12%12%14%13%12%13%
Diluted EPS$1.33$1.46$1.56$1.63$1.36$1.42$1.78$1.76$2.23$2.17$2.19$2.40
Operating cash flow15346.897.315314234.577.812623311490.8147
Capital expenditure19.441.814.515.924.133.618.426.552.444.152.659.6
Free cash flow1345.082.81371180.959.499.118170.338.287.1
Buybacks100n/an/an/an/a35.544.044.848.6129226198
Shares outstanding60m60m61m60m59m59m60m60m60m60m60m59m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue2,0012,0382,0232,0992,3262,9002,4962,2462,3832,9153,3243,5674,192
Cost of revenue1,4261,4631,4841,5261,7202,1931,8551,6951,8572,2372,4482,6112,957
Gross profit5755755395736067086405515256788769561,235
Gross margin28.8%28.2%26.6%27.3%26.1%24.4%25.7%24.5%22.0%23.2%26.4%26.8%29.5%
Research and development138134126127148159133117120132141148172
Selling, general and administrative155177174177194211218187203270307330391
Interest expense22.824.926.835.640.544.035.834.334.547.948.045.747.4
Pre-tax income227241226253220321282246200276454521690
Income tax61.459.545.652.239.261.041.537.128.243.481.079.3138
Effective tax rate27.0%24.7%20.2%20.7%17.9%19.0%14.7%15.1%14.1%15.7%17.8%15.2%20.0%
Net income166181181201180260240209172232373442552
Net margin8.3%8.9%8.9%9.6%7.8%9.0%9.6%9.3%7.2%8.0%11.2%12.4%13.2%
Diluted EPS$2.45$2.75$2.85$3.16$2.82$4.02$3.74$3.18$2.71$3.78$6.01$7.19$8.99
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Aerospace1,7682,0292,31364.8%
Industrial1,1461,2961,25435.2%
AerospaceIndustrial
2,915FY20233,324FY20243,567FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,5381,6981,91453.7%
Europe, excluding Germany43750056615.9%
China2433902868.0%
Other Countries2222442777.8%
Germany2742692757.7%
Asia, excluding China2002232497.0%
United StatesEurope, excluding GermanyChinaOther CountriesGermanyAsia, excluding China
2,915FY20233,324FY20243,567FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flown/an/a435308299391349465194309439471585
Capital expenditure20728717692.312799.147.137.752.976.596.3131209
Free cash flown/an/a260215172292302427141232343340377
Free cash flow marginn/an/a12.8%10.3%7.4%10.1%12.1%19.0%5.9%8.0%10.3%9.5%9.0%
Cash from investingn/an/an/a-91.9-897-103-6.9-35.3-65.4-73.6-89.2-120-379
Cash from financingn/an/an/a-212606-266-290-136-442-196-218-314-199
Depreciation and amortisation77.475.269.080.9116142131130121120116113120
Share-based compensation11.214.315.117.318.218.122.921.520.123.433.131.734.8
Buybacks14315912671.80.011013.333.3485126391173602
Dividend per share$0.32$0.38$0.43$0.48$0.55$0.63$0.60$0.57$0.73$0.85$0.97$1.09n/a
Diluted shares, weighted68m66m64m64m64m64m64m66m63m61m62m61m61m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a59m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,1611,1531,2131,3711,5381,7271,9932,2151,9012,0712,1762,5662,474
Short-term borrowings0.02.4150n/a154220n/an/a66.80.0217122592
Debt7108505775801,092865838735711722655580618
Operating lease liabilitiesn/an/an/an/an/an/a14.614.821.420.722.720.218.1
Finance lease liabilitiesn/an/an/an/an/an/a1.20.54.42.72.01.91.1
Other liabilities4885077038051,0071,1451,0561,1261,1021,1941,2951,3391,493
Total liabilities and equity2,3592,5122,6422,7573,7913,9573,9034,0913,8064,0104,3694,6305,196
Owned
Fixed assets5137568769221,0601,0599979519109139419871,088
Goodwill560557556557813798808805773791807832894
Intangible assets255225198172701612607559461452440428447
Trading assets9.6n/an/an/an/an/an/an/an/an/an/an/an/a
Cash and equivalents11582.281.187.683.699.1153448108137282327475
Receivablesn/an/an/an/a423416365322369485457477618
Inventory452448462474550517438420514518609655725
Other assets454444470546160456535585672713833924950
Total assets2,3592,5122,6422,7573,7913,9573,9034,0913,8064,0104,3694,6305,196
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.8%7.4%14.4%22.3%
Profit growth, compounded9.3%13.0%37.1%42.4%
Return on equity, average13.2%12.8%15.2%17.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electrical Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
General Electric Co. GE$317.1 billion36.3850.9%18.1%21.7%1.090.5%
GE Vernova Inc. GEV$265.6 billion28.5479.7%4.3%13.0%0.230.1%
Emerson Electric Co. EMR$88.7 billion34.8112.7%n/a4.8%0.371.4%
Bloom Energy Corp. BE$80.0 billion358.9715.2%11.2%91.0%1.54n/a
Otis Worldwide Corp. OTIS$25.2 billion16.99n/a15.4%5.2%n/a2.5%
Woodward, Inc. WWD$19.1 billion35.9822.3%n/a22.3%0.250.3%
Generac Holdings Inc. GNRC$13.2 billion51.719.0%9.5%0.6%0.410.0%
Littelfuse Inc. LFUS$10.8 billionn/a-0.3%3.7%15.4%0.240.7%
Acuity Inc. (De) AYI$9.0 billion19.9216.6%14.5%10.5%0.240.2%
EnerSys ENS$6.6 billion19.5417.9%13.0%3.7%0.510.6%
Novanta Inc. NOVT$5.2 billion87.393.8%9.0%7.6%0.14n/a
1 company shares its SEC industry code (Electrical Industrial Apparatus); the rest are the names nearest in size in its wider industry, Electrical Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-Q31 December 20254 February 2026EDGAR
10-K30 September 202525 November 2025EDGAR
10-Q30 June 20251 August 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-Q31 December 20244 February 2025EDGAR
10-K30 September 202426 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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