Saturday 17 October 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. In the quarter to June 2026, revenue grew 21.2%, EPS grew 35.7%, free cash flow fell 12.2% and total debt rose 43.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.

328.55 4.72 −1.42%

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Market cap: $19.7B
P/E: 35.5×
Fwd P/E: 38.5×
Dividend yield: 0.38%
F-score: 8/9
Altman Z: 6.83
Beneish M: −2.42
Dividend safety: 88/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 32.24

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	4	—	2	4	—	3	1	1	—	—	—

Insider Ownership 1.30%

Capital & Financial Ratios $m

Market Cap 19,680.00

Revenue 4,191.99

Net Income 552.03

Free Cash Flow 376.53

Net Debt 867.08

Current Ratio 1.65

Debt/Equity 0.54

P/E ratio 35.52

Fwd P/E 38.50

P/S ratio 4.66

P/B ratio 7.90

Past 5Y EPS Growth 13.96%

This Y EPS Growth 37.55%

Next Y EPS Growth 13.08%

Next Y revenue growth 21.61%

Next 5Y EPS Growth 22.49%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 76.34%

10-year low 10-year high

P/S against its own 10 years 92.26%

10-year low 10-year high

P/B against its own 10 years 93.96%

10-year low 10-year high

EV/Sales against its own 10 years 92.26%

10-year low 10-year high

EV/FCF against its own 10 years 85.74%

10-year low 10-year high

Dividends

Payout Ratio 0.14

Annual Dividend Rate 1.24

Annual Dividend Yield 0.38%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.24	0.32 0.32 0.32
2025	1.12	0.28 0.28 0.28 0.28
2024	1.00	0.25 0.25 0.25 0.25
2023	0.88	0.22 0.22 0.22 0.22
2022	0.95	0.19 0.19 0.19 0.19 0.19
2021	0.65	0.16 0.16 0.16 0.16
2020	0.52	0.28 0.08 0.08 0.08
2019	0.65	0.16 0.16 0.16 0.16
2018	0.57	0.14 0.14 0.14 0.14
2017	0.50	0.13 0.13 0.13 0.13
2016	0.44	0.11 0.11 0.11 0.11

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	137	282	327	475
Receivables	764	792	833	1,056
Inventory	518	609	655	725
Other	50	60	70	83
	1,469	1,744	1,884	2,339

	2023	2024	2025	Q'26
Payables	234	287	289	329
ST’ Debt	76	303	245	724
Other	—	—	—	4
	617	924	907	1,421

Compound Annual Growth %

	10y	5y	3y
Sales	5.76%	7.41%	14.40%
Cash Flow	4.76%	6.16%	34.51%
Earnings	9.31%	12.96%	37.06%
Book Value	8.33%	5.19%	10.52%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	996	1,091	1,110	—	—
’25	773	884	915	995	3,567
’24	787	835	848	854	3,324
’23	619	718	801	777	2,915
’22	542	587	614	640	2,383
’21	538	581	557	570	2,246
’20	720	720	524	531	2,496

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	114	91	147	—	—
’25	35	78	126	233	471
’24	47	97	153	142	439
’23	5	35	115	153	309
’22	39	11	36	108	194
’21	147	72	99	147	465
’20	27	25	160	137	349

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	70	38	87	—	—
’25	1	59	99	181	340
’24	5	83	137	120	345
’23	(19)	15	103	134	233
’22	26	0	23	92	141
’21	140	66	91	130	427
’20	29	13	151	140	333

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	2.17	2.19	2.40	—	—
’25	1.42	1.78	1.76	2.23	7.19
’24	1.46	1.56	1.63	1.36	6.01
’23	0.49	0.58	1.37	1.33	3.78
’22	0.47	0.74	0.64	0.88	2.71
’21	0.64	1.04	0.74	0.76	3.18
’20	0.83	1.41	0.61	0.89	3.74

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	41.24	65.22	68.40	70.64	46.51	101.28	79.26	88.30	131.12	146.82	Analyst estimates 2026–2028 Powerpack
	High	71.46	82.94	89.30	124.78	129.06	130.75	129.12	140.73	201.64	317.56
People
People	Employees	6,800	6,900	8,300	9,000	7,100	7,200	8,300	8,800	9,300	10,200
	Revenue/emp, $m	0.30	0.30	0.28	0.32	0.35	0.31	0.29	0.33	0.36	0.35
Income, $m
Income, $m	Revenue	2,023	2,099	2,326	2,900	2,496	2,246	2,383	2,915	3,324	3,567
	Gross margin, %	26.65	27.21	25.93	24.40	25.65	24.54	22.05	23.25	26.37	26.81
	EBT	226	253	220	321	282	246	200	276	454	521
	EBT margin, %	11.20	12.04	9.44	11.05	11.29	10.94	8.39	9.46	13.66	14.62
	Net income	181	201	180	260	240	209	172	232	373	442
	Depreciation	69	81	116	142	131	130	121	120	116	113
Per share, $
Per share, $	Revenue	32.69	34.20	37.82	46.82	40.08	35.49	38.73	48.65	55.33	59.89
	Earnings	2.92	3.27	2.93	4.19	3.86	3.30	2.79	3.88	6.21	7.42
	Cash flow	7.03	5.01	4.87	6.31	5.61	7.34	3.15	5.15	7.31	7.91
	Capex	(2.73)	(1.44)	(2.04)	(1.58)	(0.27)	(0.59)	(0.86)	(1.27)	(1.56)	(2.20)
	Free cash flow	4.30	3.57	2.83	4.72	5.34	6.75	2.29	3.88	5.74	5.72
	Book value	19.59	22.35	25.01	27.87	32.00	35.00	30.90	34.57	36.23	43.09
	Shares, m	62	61	61	62	62	63	62	60	60	60
Valuation, ×
Valuation, ×	P/E	21.32	24.15	27.15	25.74	20.71	34.30	28.66	31.84	27.66	34.06
	P/S	1.91	2.31	2.11	2.30	2.00	3.19	2.07	2.54	3.10	4.22
	P/B	3.19	3.53	3.19	3.87	2.50	3.23	2.60	3.57	4.73	5.87
	EV/Sales	2.23	2.56	2.61	2.64	2.27	3.32	2.35	2.74	3.28	4.32
	EV/FCF	16.94	24.53	34.87	26.20	17.07	17.44	39.82	34.34	31.57	45.32
Cash, $m
Cash, $m	Operating cash flow	435	308	299	391	349	465	194	309	439	471
	Capex	(169)	(89)	(125)	(98)	(17)	(38)	(53)	(76)	(94)	(131)
	Free cash flow	266	219	174	293	333	427	141	233	345	340
Balance, $m
Balance, $m	Working capital	464	594	524	564	819	1,098	773	852	820	977
	Total debt	727	613	1,246	1,085	838	735	777	722	872	702
	Net debt	646	525	1,162	986	685	286	670	584	590	375
	Shareholders’ equity	1,213	1,371	1,538	1,727	1,993	2,215	1,901	2,071	2,176	2,566
Returns, %
Returns, %	ROA	7.02	7.43	5.51	6.70	6.12	5.22	4.35	5.95	8.90	9.83
	ROIC	8.03	8.81	5.65	7.77	6.95	6.05	5.01	6.37	9.68	10.18
	ROE	15.29	15.52	12.40	15.90	12.93	9.92	8.34	11.70	17.56	18.64

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AXON Axon Enterprise, Inc	$33.9B	157×	136×	+35.28% (above 0%: growing)	−19.57% (below 0%: shrinking)	+99.15% (above 0%: growing)	60.42%	5.17%	Compare
RKLB Rocket Lab Corporation	$33.1B	— (loss-making)	— (loss-making)	+61.99% (above 0%: growing)	n/m	−99.66% (below 0%: shrinking)	36.13%	(24.57%)	Compare
WWD Woodward, Inc.	$19.7B	35.5×	38.5×	+21.22% (above 0%: growing)	+35.71% (above 0%: growing)	−12.15% (below 0%: shrinking)	31.53%	16.66%
CW Curtiss-Wright Corporation	$18.5B	34.4×	48.5×	+5.41% (above 0%: growing)	+27.41% (above 0%: growing)	+37.04% (above 0%: growing)	39.40%	19.34%	Compare
FTAI FTAI Aviation Ltd.	$17.3B	35.3×	33.8×	+40.94% (above 0%: growing)	−27.22% (below 0%: shrinking)	−349.55% (below 0%: shrinking)	33.29%	20.44%	Compare
TXT Textron Inc.	$12.9B	14.3×	16.3×	+2.99% (above 0%: growing)	+5.19% (above 0%: growing)	−40.57% (below 0%: shrinking)	18.13%	6.98%	Compare
EMBJ Embraer-Empresa Brasileira de Aeronautica	$12.8B	29.3×	—	+22.87% (above 0%: growing)	+176.74% (above 0%: growing)	+287.11% (above 0%: growing)	19.90%	12.79%	Compare
BWXT BWX Technologies, Inc.	$12.6B	35.3×	42.0×	+18.01% (above 0%: growing)	+12.79% (above 0%: growing)	−8.98% (below 0%: shrinking)	22.44%	15.37%	Compare
MOG.A Moog Inc.	$11.6B	31.0×	36.7×	+15.16% (above 0%: growing)	+153.97% (above 0%: growing)	+67.52% (above 0%: growing)	31.10%	14.41%	Compare
Median of peers	$15.1B	34.4×	39.4×	+20.44%	+12.79%	+14.03%	32.19%	13.60%

All 82 Aerospace & Defense stocks →

Woodward, Inc. (WWD) key facts

Strength: Woodward, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.6 billion, up 7.30% from fiscal 2024.
Strength: Net income was $442.1 million, or $7.42 per share (basic), a net margin of 12.4%.
Woodward, Inc. (WWD) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, WWD traded at $328.55, a market capitalization of $19.7 billion.
At that price the stock trades at 35.5× trailing-twelve-month earnings and 4.7× sales; its P/E is higher than 76% of its own readings over the past ten years.
Woodward, Inc. pays an annual dividend of $1.24 per share, a yield of 0.38%, with a payout ratio of 13.8%.
Return on equity was 18.6% and debt-to-equity 0.54.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 6.83 (safe zone) for fiscal 2025.