Woodward, Inc. (WWD)

Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. It operates through two segments, Aerospace and Industrial. The Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors, and sensors for aircraft. This segment also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. Its Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, control systems, electronics and software, and sensors used on industrial gas turbines, steam turbines, compressors, and reciprocating engines, as well as aftermarket products and related services. The company primarily serves OEMs and equipment packagers. Woodward, Inc. was founded in 1870 and is headquartered in Fort Collins, Colorado.

Ticker
WWD
Exchange
Nasdaq
Sector
Industrials
Industry
Aerospace & Defense
Market cap
$18.86B
52-week range
$253.52 - $450.92

Valuation

Share price
$317.31 (close of Nov 6, 2026)
P/E (TTM)
34.30x
Price to book
7.62x
Price to free cash flow
50.10x
Enterprise value
$19.75B
Book value per share
$41.61

Price performance

PeriodChange
1 day+3.41%
5 days+4.16%
1 month-4.59%
3 months-13.25%
6 months-17.03%
Year to date+4.96%
1 year+20.15%
3 years+142.54%
5 years+163.28%
10 years+436.81%
All time+8,755.16%

Short interest

As of
Oct 15, 2026
Short % of float
2.36%
Shares short
1.24M
Days to cover
2.04
Change since prior report
+14.49%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
17.23%
Return on invested capital
14.83%*
Return on assets
9.55%
Return on capital employed
15.23%*
Gross margin
26.81%
Net margin
12.39%
EBITDA margin
19.07%
Revenue growth
7.30%
Net income growth
18.54%
Free cash flow growth
-0.71%

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash flow and balance sheet

Free cash flow yield (TTM)
2.00%
Current ratio
1.65x
Net debt to EBITDA
1.03x

Latest reported year

Period end
Sep 30, 2025
Fiscal year
2025
Revenue
$3.57B
Cost of revenue
$2.61B
Gross profit
$956.29M
EBITDA
$680.38M
Net income
$442.11M
Earnings per share
$7.42
Research and development
$147.57M
Interest expense
$45.69M
Shares outstanding
59.56M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-09-30$3.57B$956.29M$442.11M$7.42
2024-09-30$3.32B$876.48M$372.97M$6.21
2023-09-30$2.91B$677.58M$232.37M$3.88
2022-09-30$2.38B$525.30M$171.70M$2.79
2021-09-30$2.25B$551.06M$208.65M$3.30
2020-09-30$2.50B$640.24M$240.40M$3.86
2019-09-30$2.90B$707.54M$259.60M$4.19
2018-09-30$2.33B$603.07M$180.38M$2.93
2017-09-30$2.10B$571.12M$200.51M$3.27
2016-09-30$2.02B$539.12M$180.84M$2.92

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-09-3026.81%12.39%17.23%14.83%*
2024-09-3026.37%11.22%17.14%13.70%*
2023-09-3023.25%7.97%11.22%9.96%*
2022-09-3022.05%7.21%9.03%7.64%*
2021-09-3024.54%9.29%9.42%8.18%*
2020-09-3025.65%9.63%12.06%9.68%*
2019-09-3024.40%8.95%15.03%10.80%*
2018-09-3025.93%7.76%11.73%7.93%*
2017-09-3027.21%9.55%14.62%12.10%*
2016-09-3026.65%8.94%14.91%10.70%*

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash and debt by year

Period endCashDebt
2025-09-30$327.43M$456.97M
2024-09-30$282.27M$569.75M
2023-09-30$137.45M$645.71M
2022-09-30$107.84M$709.76M
2021-09-30$448.46M$734.12M
2020-09-30$153.27M$736.85M
2019-09-30$99.07M$864.90M
2018-09-30$83.59M$1.09B
2017-09-30$87.55M$580.29M
2016-09-30$81.09M$577.15M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-09-30$340.37M$31.67M
2024-09-30$342.81M$33.05M
2023-09-30$232.04M$23.38M
2022-09-30$140.77M$20.11M
2021-09-30$426.98M$21.48M
2020-09-30$302.40M$22.90M
2019-09-30$291.54M$18.15M
2018-09-30$172.15M$18.23M
2017-09-30$215.20M$17.28M
2016-09-30$259.69M$15.12M

Dividend history

Most recent payment
Aug 20, 2026
Paid in the last twelve months
$1.24
Payment dateDividend per share
2026-08-20$0.32
2026-05-21$0.32
2026-02-19$0.32
2025-11-20$0.28
2025-08-21$0.28
2025-05-22$0.28
2025-02-20$0.28
2024-11-21$0.25

Investor relations

Next earnings report

Next confirmed report
Nov 18, 2026
Consensus EPS estimate
$2.50

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-29Jun 2026$2.39
2026-04-29Mar 2026$2.00
2026-02-02Dec 2025$1.65
2025-11-24Sep 2025$1.83
2025-07-28Jun 2025$1.62
2025-04-28Mar 2025$1.44
2025-02-03Dec 2024$1.14
2024-11-25Sep 2024$1.22

Filings and sources

Company website
woodward.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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