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.
- Symbol
- WWD
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Market cap
- $19.39B
- 52 week range
- 233.31 - 450.92
Valuation
- Share price
- $326.23 (close of 2026-09-23)
- P/E (TTM)
- 35.26x
- Price to book
- 7.84x
- Price to free cash flow
- 51.49x
- Enterprise value
- $20.27B
- Book value per share
- $41.61
Price performance
| Period | Change |
|---|
| 1 day | +0.33% |
| 5 days | +2.11% |
| 1 month | -4.96% |
| 3 months | -23.82% |
| 6 months | -9.79% |
| Year to date | +7.91% |
| 1 year | +36.45% |
| 3 years | +163.26% |
| 5 years | +182.77% |
| 10 years | +432.01% |
| All time | +9012.57% |
Profitability and growth
- Return on equity
- 17.23%
- Return on assets
- 9.55%
- 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%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 1.94%
- Current ratio
- 1.65x
- Net debt to EBITDA
- 1.03x
Latest reported year
- Period end
- 2025-09-30
- 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 end | Revenue | Gross profit | Net income | EPS |
|---|
| 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 end | Gross margin | Net margin | Return on equity |
|---|
| 2025-09-30 | 26.81% | 12.39% | 17.23% |
| 2024-09-30 | 26.37% | 11.22% | 17.14% |
| 2023-09-30 | 23.25% | 7.97% | 11.22% |
| 2022-09-30 | 22.05% | 7.21% | 9.03% |
| 2021-09-30 | 24.54% | 9.29% | 9.42% |
| 2020-09-30 | 25.65% | 9.63% | 12.06% |
| 2019-09-30 | 24.40% | 8.95% | 15.03% |
| 2018-09-30 | 25.93% | 7.76% | 11.73% |
| 2017-09-30 | 27.21% | 9.55% | 14.62% |
| 2016-09-30 | 26.65% | 8.94% | 14.91% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 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 |
| 2018-10-01 | $83.59M | $1.09B |
| 2018-09-30 | $83.59M | $1.09B |
| 2017-09-30 | $87.55M | $580.29M |
Free cash flow by year
| Period end | Free cash flow | Stock-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
- 2026-08-20
- Paid in the last twelve months
- $1.24
| Payment date | Dividend 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
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | $2.39 |
| 2026-04-29 | - | - |
| 2026-02-02 | - | - |
| 2025-11-24 | - | - |
| 2025-07-28 | - | - |
| 2025-04-28 | - | - |
| 2025-02-03 | - | - |
| 2024-11-25 | - | - |
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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