Woodward Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Woodward Inc's revenue grew 7.3% year-over-year to $3.6B, a solid pace of expansion. This earns a growth score of 49/100.
Woodward Inc carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Woodward Inc's current ratio of 2.08 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
Woodward Inc has a free cash flow margin of 9.5%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.
Woodward Inc earns a strong 17.2% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is up from 17.1% the prior year.
Woodward Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Woodward Inc generates $1.07 in operating cash flow ($471.3M OCF vs $442.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Woodward Inc (WWD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Woodward Inc generated $3.6B in revenue in fiscal year 2025. This represents an increase of 7.3% from the prior year.
Woodward Inc generated $340.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 0.7% from the prior year.
Woodward Inc reported $442.1M in net income in fiscal year 2025. This represents an increase of 18.5% from the prior year.
Woodward Inc earned $7.19 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.6% from the prior year.
Woodward Inc held $327.4M in cash against $457.0M in long-term debt as of fiscal year 2025.
Woodward Inc paid $1.09 per share in dividends in fiscal year 2025. This represents an increase of 12.4% from the prior year.
Woodward Inc's gross margin was 26.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Woodward Inc's net profit margin was 12.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.
Woodward Inc's ROE was 17.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Woodward Inc invested $147.6M in research and development in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Woodward Inc spent $172.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 55.8% from the prior year.
Woodward Inc invested $130.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 36.0% from the prior year.
WWD Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $996.5M+8.8% | $915.4M+3.6% | $883.6M+14.4% | $772.7M-8.8% | $847.7M+1.5% | $835.3M+6.2% | $786.7M-1.7% | $800.7M |
| Cost of Revenue | $704.3M+5.7% | $666.3M+3.5% | $643.5M+10.4% | $583.1M-5.6% | $617.7M+2.8% | $601.0M+3.2% | $582.4M-2.3% | $596.3M |
| Gross Profit | $292.2M+17.3% | $249.2M+3.8% | $240.1M+26.6% | $189.6M-17.5% | $230.0M-1.9% | $234.4M+14.7% | $204.3M0.0% | $204.4M |
| R&D Expenses | $37.8M-8.1% | $41.1M+10.4% | $37.2M+23.2% | $30.2M-22.0% | $38.7M+6.2% | $36.5M+18.4% | $30.8M-12.1% | $35.0M |
| SG&A Expenses | $95.0M+7.1% | $88.7M+5.8% | $83.8M+20.3% | $69.7M-5.6% | $73.8M-9.4% | $81.4M+9.3% | $74.5M+14.7% | $65.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $10.3M-7.9% | $11.2M-5.5% | $11.9M-3.7% | $12.3M+7.2% | $11.5M-0.1% | $11.5M+0.8% | $11.4M-6.1% | $12.2M |
| Income Tax | $35.4M+92.7% | $18.4M-23.4% | $24.0M+62.7% | $14.8M-26.3% | $20.0M-13.2% | $23.1M+17.2% | $19.7M-6.9% | $21.1M |
| Net Income | $133.7M+23.3% | $108.4M-0.5% | $108.9M+25.1% | $87.1M-14.7% | $102.1M+4.6% | $97.6M+8.3% | $90.0M+6.4% | $84.6M |
| EPS (Diluted) | $2.17+23.3% | $1.76-1.1% | $1.78+25.4% | $1.42-12.9% | $1.63+4.5% | $1.56+6.8% | $1.46+6.6% | $1.37 |
WWD Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.7B+0.5% | $4.7B+4.9% | $4.5B+5.0% | $4.3B-2.0% | $4.4B+0.1% | $4.4B+5.7% | $4.1B+3.0% | $4.0B |
| Current Assets | $2.0B-0.6% | $2.1B+7.8% | $1.9B+10.9% | $1.7B-1.1% | $1.7B-3.8% | $1.8B+17.2% | $1.5B+5.2% | $1.5B |
| Cash & Equivalents | $454.2M-4.0% | $473.2M+29.9% | $364.1M+28.3% | $283.7M+0.5% | $282.3M-10.9% | $316.9M+119.6% | $144.3M+5.0% | $137.4M |
| Inventory | $689.2M+4.9% | $657.1M+3.6% | $634.5M+0.4% | $632.0M+3.8% | $609.1M+4.9% | $580.4M+3.7% | $559.7M+8.1% | $517.8M |
| Accounts Receivable | $413.8M-12.9% | $475.3M-4.1% | $495.7M+35.0% | $367.1M-19.7% | $457.2M-13.8% | $530.1M+9.6% | $483.7M-0.3% | $485.2M |
| Goodwill | $832.1M+2.2% | $813.8M+2.8% | $792.0M+1.3% | $781.9M-3.1% | $806.6M+1.2% | $796.7M-0.8% | $803.5M+1.5% | $791.5M |
| Total Liabilities | $2.1B-4.3% | $2.2B+4.1% | $2.2B+4.0% | $2.1B-5.5% | $2.2B+7.6% | $2.0B+5.0% | $1.9B+0.1% | $1.9B |
| Current Liabilities | $999.1M-1.1% | $1.0B+3.1% | $979.7M+7.1% | $914.8M-0.9% | $923.5M+33.5% | $691.9M+18.7% | $582.8M-5.6% | $617.2M |
| Long-Term Debt | $457.0M-9.3% | $503.9M+2.9% | $489.8M+1.4% | $483.2M-15.2% | $569.8M-12.2% | $649.0M-0.6% | $653.0M+1.1% | $645.7M |
| Total Equity | $2.6B+4.8% | $2.5B+5.6% | $2.3B+5.8% | $2.2B+1.5% | $2.2B-6.6% | $2.3B+6.4% | $2.2B+5.7% | $2.1B |
| Retained Earnings | $3.7B+6.8% | $3.5B+2.7% | $3.4B+2.8% | $3.3B+2.2% | $3.2B+5.1% | $3.1B+2.8% | $3.0B+2.6% | $2.9B |
WWD Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $114.4M-8.9% | $125.6M+61.4% | $77.8M+125.5% | $34.5M-75.7% | $141.8M+45.7% | $97.3M+108.0% | $46.8M-69.4% | $152.9M |
| Capital Expenditures | $44.1M+66.2% | $26.5M+44.2% | $18.4M-45.1% | $33.6M+39.4% | $24.1M+66.2% | $14.5M-65.3% | $41.8M+116.0% | $19.4M |
| Free Cash Flow | $70.3M-29.0% | $99.1M+66.8% | $59.4M+6206.7% | $942K-99.2% | $117.7M+42.0% | $82.8M+1564.5% | $5.0M-96.3% | $133.6M |
| Investing Cash Flow | -$48.3M-106.7% | -$23.4M-183.6% | $28.0M+187.1% | -$32.1M-53.0% | -$21.0M-166.7% | -$7.9M+81.2% | -$41.8M-115.9% | -$19.3M |
| Financing Cash Flow | $60.2M+805.7% | -$8.5M+77.0% | -$37.0M-290.8% | $19.4M+112.2% | -$159.1M-279.4% | $88.7M+1196.0% | -$8.1M+92.8% | -$113.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $129.4M+188.9% | $44.8M+1.7% | $44.0M+24.1% | $35.5M-58.8% | $86.0M | N/A | N/A | $100.0M |
WWD Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.3%+2.1pp | 27.2%+0.1pp | 27.2%+2.6pp | 24.5%-2.6pp | 27.1%-0.9pp | 28.1%+2.1pp | 26.0%+0.4pp | 25.5% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 13.4%+1.6pp | 11.8%-0.5pp | 12.3%+1.1pp | 11.3%-0.8pp | 12.0%+0.4pp | 11.7%+0.2pp | 11.5%+0.9pp | 10.6% |
| Return on Equity | 5.2%+0.8pp | 4.4%-0.3pp | 4.7%+0.7pp | 3.9%-0.8pp | 4.7%+0.5pp | 4.2%+0.1pp | 4.1%+0.1pp | 4.1% |
| Return on Assets | 2.8%+0.5pp | 2.3%-0.1pp | 2.4%+0.4pp | 2.0%-0.3pp | 2.4%+0.1pp | 2.2%+0.1pp | 2.2%+0.1pp | 2.1% |
| Current Ratio | 2.05+0.0 | 2.04+0.1 | 1.95+0.1 | 1.890.0 | 1.89-0.7 | 2.62-0.0 | 2.65+0.3 | 2.38 |
| Debt-to-Equity | 0.18-0.0 | 0.200.0 | 0.210.0 | 0.22-0.0 | 0.26-0.0 | 0.28-0.0 | 0.30-0.0 | 0.31 |
| FCF Margin | 7.1%-3.8pp | 10.8%+4.1pp | 6.7%+6.6pp | 0.1%-16.1pp | 16.2%+6.3pp | 9.9%+9.3pp | 0.6%-12.2pp | 12.8% |
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Frequently Asked Questions
What is Woodward Inc's annual revenue?
Woodward Inc (WWD) reported $3.6B in total revenue for fiscal year 2025. This represents a 7.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Woodward Inc's revenue growing?
Woodward Inc (WWD) revenue grew by 7.3% year-over-year, from $3.3B to $3.6B in fiscal year 2025.
Is Woodward Inc profitable?
Yes, Woodward Inc (WWD) reported a net income of $442.1M in fiscal year 2025, with a net profit margin of 12.4%.
What is Woodward Inc's earnings per share (EPS)?
Woodward Inc (WWD) reported diluted earnings per share of $7.19 for fiscal year 2025. This represents a 19.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Woodward Inc have?
As of fiscal year 2025, Woodward Inc (WWD) had $327.4M in cash and equivalents against $457.0M in long-term debt.
What is Woodward Inc's gross margin?
Woodward Inc (WWD) had a gross margin of 26.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Woodward Inc's net profit margin?
Woodward Inc (WWD) had a net profit margin of 12.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Woodward Inc pay dividends?
Yes, Woodward Inc (WWD) paid $1.09 per share in dividends during fiscal year 2025.
What is Woodward Inc's return on equity (ROE)?
Woodward Inc (WWD) has a return on equity of 17.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Woodward Inc's free cash flow?
Woodward Inc (WWD) generated $340.4M in free cash flow during fiscal year 2025. This represents a -0.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Woodward Inc's operating cash flow?
Woodward Inc (WWD) generated $471.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Woodward Inc's total assets?
Woodward Inc (WWD) had $4.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Woodward Inc's capital expenditures?
Woodward Inc (WWD) invested $130.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Woodward Inc spend on research and development?
Woodward Inc (WWD) invested $147.6M in research and development during fiscal year 2025.
Does Woodward Inc buy back shares?
Yes, Woodward Inc (WWD) spent $172.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
What is Woodward Inc's current ratio?
Woodward Inc (WWD) had a current ratio of 2.08 as of fiscal year 2025, which is generally considered healthy.
What is Woodward Inc's debt-to-equity ratio?
Woodward Inc (WWD) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Woodward Inc's return on assets (ROA)?
Woodward Inc (WWD) had a return on assets of 9.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Woodward Inc's Piotroski F-Score?
Woodward Inc (WWD) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Woodward Inc's earnings high quality?
Woodward Inc (WWD) has an earnings quality ratio of 1.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Woodward Inc?
Woodward Inc (WWD) scores 66 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.