WWD

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Woodward, Inc.

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Key Metrics

Previous Close: $359.63
52-Week Range: $233.31 – $450.92
Market Cap: $20.21B
P/E (TTM): 38.02
EPS (TTM): 9.00
Dividend Yield: 0.36%

Advanced Metrics

Price/Book: 8.07
PEG Ratio: 2.33
Return on Equity: 22.34%
Return on Assets: 8.62%
Gross Margin: 29.63%
Operating Margin: 17.76%
Profit Margin: 13.17%
Current Ratio: 1.65
Debt/Equity: 0.56
Total Debt: $1.38B
Free Cash Flow: $187.23M
Revenue Growth: 21.20%
Earnings Growth: 36.40%
Enterprise Value: $22.16B

WWD Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.38B	$2.91B	$3.32B	$3.57B
Cost of Revenue	$1.86B	$2.24B	$2.45B	$2.61B
Gross Profit	$525.30M	$677.58M	$876.48M	$956.29M
Research & Development	$119.78M	$132.09M	$140.68M	$147.57M
Selling, General & Admin	$203.00M	$269.69M	$307.50M	$329.82M
Operating Expenses	$322.79M	$401.79M	$448.18M	$477.39M
Operating Income	$202.52M	$275.80M	$428.30M	$478.90M
EBITDA	$355.07M	$443.41M	$618.10M	$680.38M
Pretax Income	$199.90M	$275.77M	$453.97M	$521.41M
Income Tax	$28.20M	$43.40M	$81.00M	$79.30M
Net Income	$171.70M	$232.37M	$372.97M	$442.11M
Diluted EPS	2.71	3.78	6.01	7.19
Diluted Shares	63.25M	61.48M	62.08M	61.46M

WWD Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$107.84M	$137.45M	$282.27M	$327.43M
Receivables	$615.14M	$763.98M	$792.08M	$832.67M
Inventory	$514.29M	$517.84M	$609.09M	$654.61M
Current Assets	$1.31B	$1.47B	$1.74B	$1.88B
Total Assets	$3.81B	$4.01B	$4.37B	$4.63B
Current Liabilities	$539.11M	$617.20M	$923.51M	$907.39M
Long-Term Debt	$709.76M	$645.71M	$569.75M	$456.97M
Total Debt	$798.86M	$742.21M	$895.14M	$722.40M
Total Liabilities	$1.91B	$1.94B	$2.19B	$2.06B
Retained Earnings	$2.73B	$2.91B	$3.22B	$3.60B
Shareholders' Equity	$1.90B	$2.07B	$2.18B	$2.57B
Working Capital	$772.86M	$852.26M	$820.10M	$977.02M
Net Debt	$669.57M	$584.08M	$590.20M	$374.77M

WWD Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$193.64M	$308.54M	$439.09M	$471.29M
Capital Expenditure	-$52.87M	-$76.50M	-$96.28M	-$130.93M
Free Cash Flow	$140.77M	$232.04M	$342.81M	$340.37M
Depreciation & Amortisation	$120.63M	$119.74M	$116.17M	$113.28M
Stock-Based Compensation	$20.11M	$23.38M	$33.05M	$31.67M
Investing Cash Flow	-$65.45M	-$73.55M	-$89.22M	-$119.55M
Financing Cash Flow	-$442.38M	-$196.47M	-$218.05M	-$313.93M
Dividends Paid	-$44.98M	-$51.03M	-$58.29M	-$64.97M
Share Repurchases	-$485.30M	-$126.38M	-$390.82M	-$172.86M
Net Change in Cash	-$314.19M	$38.52M	$131.82M	$37.81M

WWD Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$915.45M	$995.26M	$996.45M	$1.09B	—
Cost of Revenue	$666.29M	$717.86M	$704.29M	$774.66M	—
Gross Profit	$249.16M	$277.40M	$292.16M	$315.91M	—
Research & Development	$41.09M	$39.04M	$37.76M	$46.12M	—
Selling, General & Admin	$88.70M	$87.58M	$94.98M	$102.28M	—
Operating Expenses	$129.79M	$126.63M	$132.74M	$148.40M	—
Operating Income	$119.37M	$150.78M	$159.42M	$167.50M	—
EBITDA	$166.72M	$199.16M	$208.53M	$209.37M	—
Pretax Income	$126.84M	$159.76M	$169.15M	$167.43M	—
Income Tax	$18.39M	$22.14M	$35.43M	$33.41M	—
Net Income	$108.45M	$137.62M	$133.72M	$134.01M	—
Diluted EPS	1.76	2.23	2.17	2.19	2.40
Diluted Shares	61.49M	61.72M	61.59M	61.28M	61.02M

WWD Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$364.14M	$473.16M	$327.43M	$454.25M	$501.17M
Receivables	$852.78M	$865.46M	$832.67M	$841.69M	$1.00B
Inventory	$634.51M	$657.12M	$654.61M	$689.22M	$704.47M
Current Assets	$1.91B	$2.06B	$1.88B	$2.05B	$2.27B
Total Assets	$4.49B	$4.71B	$4.63B	$4.73B	$4.97B
Current Liabilities	$979.72M	$1.01B	$907.39M	$999.13M	$1.31B
Long-Term Debt	$489.82M	$503.85M	$456.97M	$457.00M	$453.37M
Total Debt	$932.14M	$953.05M	$722.40M	$907.12M	$1.14B
Total Liabilities	$2.16B	$2.24B	$2.06B	$2.15B	$2.44B
Retained Earnings	$3.39B	$3.48B	$3.60B	$3.72B	$3.83B
Shareholders' Equity	$2.34B	$2.47B	$2.57B	$2.59B	$2.53B
Working Capital	$932.22M	$1.05B	$977.02M	$1.05B	$960.17M
Net Debt	$547.77M	$459.71M	$374.77M	$433.79M	$622.11M

WWD Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$77.83M	$125.64M	$233.32M	$114.44M	$90.83M
Capital Expenditure	-$18.42M	-$26.55M	-$52.39M	-$44.13M	-$52.59M
Free Cash Flow	$59.41M	$99.09M	$180.93M	$70.31M	$38.24M
Depreciation & Amortisation	$27.57M	$28.65M	$29.18M	$29.04M	$29.91M
Stock-Based Compensation	$12.71M	$6.11M	$6.18M	$7.03M	$14.09M
Investing Cash Flow	$27.96M	-$23.38M	-$92.03M	-$48.33M	-$51.13M
Financing Cash Flow	-$36.99M	-$8.52M	-$287.80M	$60.16M	$14.28M
Dividends Paid	-$16.67M	-$16.74M	-$16.78M	-$16.76M	-$19.09M
Share Repurchases	-$44.02M	-$44.78M	-$48.58M	-$129.39M	-$225.91M
Net Change in Cash	$68.80M	$93.73M	-$146.52M	$126.26M	$53.97M

Market Snapshot

About

Woodward, Inc. is a designer and manufacturer of control systems and components for aerospace and industrial markets. The company produces fuel delivery systems, combustion controls, actuation systems, and power management products for aircraft engines and turbines.