Wednesday 4 November 2026 Export WWD’s income statement to Excel — free account

Woodward, Inc.

Woodward, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.6 billion, up 7.30% from fiscal 2024.

Revenue: +21.2%
EPS: +35.7%
Free cash flow: −12.2%
Total debt: +43.9%

Quarter to June 2026, against a year earlier

325.94 6.75 −2.03%

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Market cap: $19.6B
P/E: 35.9×
Fwd P/E: 32.8×
Dividend yield: 0.47%
F-score: 8/9
Altman Z: 6.83
Beneish M: −2.42
Dividend safety: 88/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Woodward, Inc. (WWD) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Aerospace	2,313	64.84%
Industrial	1,254	35.16%
Gross margin		26.81%
Operating margin		13.43%
Pre-tax margin		14.62%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Aerospace	2,313 64.84%	2,029 61.02%	1,768 60.66%	1,519 63.76%	1,404 62.52%	1,591 63.75%	1,881 64.84%	1,558 66.99%	1,342 63.96%	1,233 60.96%	1,161 56.95%	1,084 54.17%	1,061 54.83%	896 48.03%	843 49.25%	769 52.80%	705 49.28%
Industrial	1,254 35.16%	1,296 38.98%	1,146 39.34%	863 36.24%	842 37.48%	905 36.25%	1,020 35.16%	768 33.01%	756 36.04%	790 39.04%	877 43.05%	917 45.83%	874 45.17%	970 51.97%	869 50.75%	688 47.20%	725 50.72%
Total Of Reporting Segments	—	—	—	—	—	—	—	—	—	—	—	2,001	1,936	—	—	—	—
Revenue	3,567	3,324	2,915	2,383	2,246	2,496	2,900	2,326	2,099	2,023	2,038	2,001	1,936	1,866	1,712	1,457	1,430

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Aerospace	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Industrial	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	1,914 53.67%	1,698 51.09%	1,538 52.77%	1,312 55.04%	1,278 56.91%	1,426 57.16%	1,628 56.14%	1,351 58.07%	1,212 57.75%	1,119 55.30%	1,055 51.75%	1,025 51.23%	1,059 54.70%	927 49.71%	875 51.11%
Europe, excluding Germany	566 15.86%	500 15.04%	437 14.99%	364 15.26%	292 13.00%	337 13.50%	431 14.88%	323 13.89%	306 14.56%	337 16.68%	569 27.93%	520 25.97%	481 24.84%	543 29.09%	473 27.64%
China	286 8.01%	390 11.73%	243 8.35%	136 5.72%	214 9.54%	210 8.41%	215 7.41%	—	—	—	—	—	—	—	—
Other Countries	277 7.76%	244 7.34%	222 7.62%	187 7.85%	140 6.25%	148 5.94%	159 5.49%	—	—	—	—	—	—	—	—
Germany	275 7.72%	269 8.10%	274 9.40%	232 9.74%	184 8.18%	234 9.37%	302 10.42%	231 9.92%	173 8.25%	201 9.91%	—	—	—	—	—
Asia, excluding China	249 6.99%	223 6.70%	200 6.86%	152 6.39%	138 6.12%	140 5.61%	164 5.67%	—	—	—	—	—	—	—	—
Asia	—	—	—	—	—	—	—	283 12.17%	288 13.73%	229 11.30%	242 11.87%	300 14.98%	288 14.86%	289 15.48%	264 15.45%
All Other Countries	—	—	—	—	—	—	—	138 5.94%	120 5.71%	138 6.80%	172 8.45%	157 7.83%	108 5.60%	107 5.72%	99 5.80%
Revenue	3,567	3,324	2,915	2,383	2,246	2,496	2,900	2,326	2,099	2,023	2,038	2,001	1,936	1,866	1,712

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Remaining performance obligations	Q3 FY2026	$4.1B	$3.1B	+30.89%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.