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.

Woodward, Inc. (WWD) Financials

WWD

Trailing 12 months to June 30, 2026

Revenue $4.2B +22.3% YoY

Net Income $552.0M +42.4% YoY

EPS (Diluted) $8.99 +42.2% YoY

Free Cash Flow $376.5M +35.9% YoY

Market Cap $19.7B as of Oct 16, 2026

Price / Sales 4.7x on $4.2B revenue, trailing 12 months to June 30, 2026

Price / Earnings 35.6x on $552.0M net income, trailing 12 months to June 30, 2026

Price / Book 8.0x on $2.5B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WWD SEC filings page.

Woodward, Inc. (WWD) reported $4.2B in revenue over the twelve months to Jun 30, 2026, up 22.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI WWD FY2025 2026-10-03

Woodward’s recent growth is translating into wider margins and lower leverage, but heavier reinvestment is keeping free cash flow below net income.

The earnings improvement converts into cash better than the profit line alone suggests: FY2025 operating cash flow was $471M, exceeding net income of $442M. Yet free cash flow was only $340M as capital expenditures reached $131M, showing that stronger cash conversion now coexists with a more capital-intensive growth phase.

Gross margin widened from 23.3% in FY2023 to 26.8% in FY2025. Net margin moved from 8.0% to 12.4% over the same span, so profit expanded faster than sales; without operating-margin data, the tables cannot separate mix, pricing, or cost effects.

Debt-to-equity fell from 0.3x in FY2023 to 0.2x in FY2025, showing expansion coincided with less debt dependence. FY2025 buybacks totaled $173M while free cash flow remained $340M, meaning shareholder distributions occurred alongside reinvestment without an accompanying increase in leverage.

Financial Health Signals

Financial Health Score 45/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Woodward, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for Woodward, Inc., and counted as zero in the overall score.

Growth

Woodward, Inc.'s revenue grew 7.3% year-over-year to $3.6B, a solid pace of expansion. This earns a growth score of 66/100.

Leverage

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 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Woodward, Inc.'s current ratio of 2.08 indicates adequate short-term liquidity, earning a score of 61/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Woodward, Inc. has a free cash flow margin of 9.5%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Not available for Woodward, Inc., and counted as zero in the overall score.

Piotroski F-Score Strong

8/9

Woodward, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.07x

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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.1B

YoY+21.2%

QoQ+1.8%

5Y CAGR+14.8%

10Y CAGR+8.1%

Woodward, Inc. generated $1.1B in revenue in Q3 2026. This represents an increase of 21.2% from the same quarter a year earlier. Against the prior quarter it is up 1.8%.

Net Income

$146.7M

YoY+35.2%

QoQ+9.4%

5Y CAGR+24.6%

10Y CAGR+11.1%

Woodward, Inc. reported $146.7M in net income in Q3 2026. This represents an increase of 35.2% from the same quarter a year earlier. Against the prior quarter it is up 9.4%.

EPS (Diluted)

$2.40

YoY+36.4%

QoQ+9.6%

5Y CAGR+26.5%

10Y CAGR+11.5%

Woodward, Inc. earned $2.40 per diluted share (EPS) in Q3 2026. This represents an increase of 36.4% from the same quarter a year earlier. Against the prior quarter it is up 9.6%.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow

$87.1M

YoY-12.1%

QoQ+127.7%

5Y CAGR-0.9%

Woodward, Inc. generated $87.1M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 12.1% from the same quarter a year earlier. Against the prior quarter it is up 127.7%.

Cash & Debt

$474.9M

YoY+0.4%

QoQ-5.3%

5Y CAGR+5.6%

10Y CAGR+14.9%

Woodward, Inc. held $474.9M in cash against $617.7M in long-term debt as of Q3 2026.

Dividends Per Share

$0.32

YoY+14.3%

QoQ0.0%

5Y CAGR+14.5%

10Y CAGR+11.3%

Woodward, Inc. paid $0.32 per share in dividends in Q3 2026. This represents an increase of 14.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

59M

YoY-1.5%

QoQ-0.9%

5Y CAGR-1.5%

10Y CAGR-0.4%

Woodward, Inc. had 59M shares outstanding in Q3 2026. This represents a decrease of 1.5% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Margins & Returns

Gross Margin

31.5%

YoY+4.3pp

QoQ+2.6pp

5Y change+7.4pp

Woodward, Inc.'s gross margin was 31.5% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.

Net Margin

13.2%

YoY+1.4pp

QoQ+0.9pp

5Y change+4.4pp

10Y change+3.2pp

Woodward, Inc.'s net profit margin was 13.2% in Q3 2026, showing the share of revenue converted to profit. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Return on Equity

5.9%

YoY+1.5pp

QoQ+0.6pp

5Y change+3.7pp

10Y change+1.5pp

Woodward, Inc.'s ROE was 5.9% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

R&D Spending

$49.3M

YoY+20.0%

QoQ+6.9%

5Y CAGR+10.6%

Woodward, Inc. invested $49.3M in research and development in Q3 2026. This represents an increase of 20.0% from the same quarter a year earlier. Against the prior quarter it is up 6.9%.

Share Buybacks

$198.1M

YoY+342.4%

QoQ-12.3%

Woodward, Inc. spent $198.1M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 342.4% from the same quarter a year earlier. Against the prior quarter it is down 12.3%.

Capital Expenditures

$59.6M

YoY+124.6%

QoQ+13.4%

5Y CAGR+49.3%

10Y CAGR+7.4%

Woodward, Inc. invested $59.6M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 124.6% from the same quarter a year earlier. Against the prior quarter it is up 13.4%.

WWD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WWD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$4.2B	$3.6B+7.3%	$3.3B+14.1%	$2.9B+22.3%	$2.4B+6.1%	$2.2B-10.0%	$2.5B-13.9%	$2.9B+24.7%	$2.3B+10.8%	$2.1B+3.7%	$2.0B-0.7%	$2.0B+1.9%	$2.0B+3.4%	$1.9B+3.8%	$1.9B+9.0%	$1.7B
Cost of Revenue	$3.0B	$2.6B+6.7%	$2.4B+9.4%	$2.2B+20.4%	$1.9B+9.6%	$1.7B-8.7%	$1.9B-15.4%	$2.2B+27.3%	$1.7B+12.8%	$1.5B+2.9%	$1.5B+1.4%	$1.5B+2.6%	$1.4B+3.6%	$1.4B+5.6%	$1.3B+8.8%	$1.2B
Gross Profit	$1.2B	$956.3M+9.1%	$876.5M+29.4%	$677.6M+29.0%	$525.3M-4.7%	$551.1M-13.9%	$640.2M-9.5%	$707.5M+17.3%	$603.1M+5.6%	$571.1M+5.9%	$539.1M-6.3%	$575.5M0.0%	$575.4M+2.8%	$559.7M-0.5%	$562.3M+9.5%	$513.5M
R&D Expenses	$172.2M	$147.6M+4.9%	$140.7M+6.5%	$132.1M+10.3%	$119.8M+2.3%	$117.1M-12.1%	$133.1M-16.3%	$159.1M+7.3%	$148.3M+17.2%	$126.5M+0.3%	$126.2M-6.2%	$134.5M-2.6%	$138.0M+6.0%	$130.3M-9.1%	$143.3M+23.9%	$115.6M
SG&A Expenses	$391.3M	$329.8M+7.3%	$307.5M+14.0%	$269.7M+32.8%	$203.0M+8.6%	$186.9M-14.2%	$217.7M+3.1%	$211.2M+9.0%	$193.7M+9.3%	$177.3M+1.9%	$174.0M-1.8%	$177.1M+14.0%	$155.3M-7.6%	$168.1M+2.2%	$164.5M+10.5%	$148.9M
Interest Expense	$47.4M	$45.7M-4.7%	$48.0M+0.1%	$47.9M+38.7%	$34.5M+0.8%	$34.3M-4.3%	$35.8M-18.6%	$44.0M+8.7%	$40.5M+13.5%	$35.6M+33.1%	$26.8M+7.7%	$24.9M+9.0%	$22.8M-14.6%	$26.7M+2.7%	$26.0M+2.4%	$25.4M
Income Tax	$137.8M	$79.3M-2.1%	$81.0M+86.6%	$43.4M+53.9%	$28.2M-24.1%	$37.1M-10.5%	$41.5M-32.0%	$61.0M+55.6%	$39.2M-25.0%	$52.2M+14.4%	$45.6M-23.3%	$59.5M-3.1%	$61.4M+14.5%	$53.6M-4.6%	$56.2M+1.6%	$55.3M
Net Income	$552.0M	$442.1M+18.5%	$373.0M+60.5%	$232.4M+35.3%	$171.7M-17.7%	$208.6M-13.2%	$240.4M-7.4%	$259.6M+43.9%	$180.4M-10.0%	$200.5M+10.9%	$180.8M-0.3%	$181.5M+9.4%	$165.8M+13.6%	$145.9M+3.1%	$141.6M+7.1%	$132.2M
EPS (Basic)	N/A	$7.42+19.5%	$6.21+60.1%	$3.88+39.1%	$2.79-15.5%	$3.30-14.5%	$3.86-7.9%	$4.19+43.0%	$2.93-10.4%	$3.27+12.0%	$2.92+3.9%	$2.81+12.4%	$2.50+17.4%	$2.13+3.4%	$2.06+7.3%	$1.92
EPS (Diluted)	$8.99	$7.19+19.6%	$6.01+59.0%	$3.78+39.5%	$2.71-14.8%	$3.18-15.0%	$3.74-7.0%	$4.02+42.6%	$2.82-10.8%	$3.16+10.9%	$2.85+3.6%	$2.75+12.2%	$2.45+16.7%	$2.10+4.5%	$2.01+6.3%	$1.89
Diluted Shares (Avg)	N/A	61M-1.0%	62M+1.0%	61M-2.8%	63M-3.5%	66M+2.1%	64M-0.4%	64M+1.0%	64M+0.6%	64M-0.1%	64M-3.8%	66M-2.5%	68M-2.6%	70M-1.0%	70M+0.2%	70M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$1.1B+21.2%	$1.1B+23.4%	$996.5M+29.0%	$995.3M+16.5%	$915.4M+8.0%	$883.6M+5.8%	$772.7M-1.8%	$854.5M+10.0%
Cost of Revenue	$759.8M+14.0%	$774.7M+20.4%	$704.3M+20.8%	$717.9M+11.0%	$666.3M+7.9%	$643.5M+7.1%	$583.1M+0.1%	$646.7M+9.8%
Gross Profit	$349.9M+40.4%	$315.9M+31.6%	$292.2M+54.1%	$277.4M+33.5%	$249.2M+8.3%	$240.1M+2.4%	$189.6M-7.2%	$207.8M+10.4%
R&D Expenses	$49.3M+20.0%	$46.1M+23.9%	$37.8M+25.0%	$39.0M+12.6%	$41.1M+6.1%	$37.2M+2.1%	$30.2M-1.9%	$34.7M+13.2%
SG&A Expenses	$106.5M+20.0%	$102.3M+22.0%	$95.0M+36.3%	$87.6M+12.7%	$88.7M+20.2%	$83.8M+2.9%	$69.7M-6.5%	$77.7M+17.9%
Interest Expense	$14.8M+32.0%	$12.0M+1.2%	$10.3M-16.2%	$10.2M-24.1%	$11.2M-2.4%	$11.9M+3.1%	$12.3M+7.9%	$13.5M+14.8%
Income Tax	$46.8M+154.7%	$33.4M+39.1%	$35.4M+140.0%	$22.1M+21.4%	$18.4M-8.2%	$24.0M+4.1%	$14.8M-25.0%	$18.2M+18.5%
Net Income	$146.7M+35.2%	$134.0M+23.0%	$133.7M+53.5%	$137.6M+65.2%	$108.4M+6.2%	$108.9M+11.7%	$87.1M-3.3%	$83.3M+0.8%
EPS (Basic)	$2.47+35.7%	$2.25+23.0%	$2.23+51.7%	$2.30+63.1%	$1.82+7.7%	$1.83+13.7%	$1.47-2.0%	$1.41+2.2%
EPS (Diluted)	$2.40+36.4%	$2.19+23.0%	$2.17+52.8%	$2.23+64.0%	$1.76+8.0%	$1.78+14.1%	$1.42-2.7%	$1.36+1.5%
Diluted Shares (Avg)	61M-0.8%	61M-0.1%	62M+0.7%	N/A	61M-1.7%	61M-1.6%	61M-1.1%	N/A

Not reported in any period shown, so not listed: Operating Income, EBITDA.

WWD Balance Sheet

WWD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.6B+6.0%	$4.4B+8.9%	$4.0B+5.4%	$3.8B-7.0%	$4.1B+4.8%	$3.9B-1.3%	$4.0B+4.4%	$3.8B+37.5%	$2.8B+4.3%	$2.6B+5.2%	$2.5B+6.5%	$2.4B+6.3%	$2.2B+19.3%	$1.9B+4.4%	$1.8B
Current Assets	$1.9B+8.1%	$1.7B+18.7%	$1.5B+12.0%	$1.3B-10.4%	$1.5B+21.0%	$1.2B-4.7%	$1.3B+14.0%	$1.1B+9.2%	$1.0B+8.1%	$944.4M+2.9%	$917.4M-9.0%	$1.0B+5.4%	$957.1M+5.9%	$903.5M+10.5%	$817.8M
Cash & Equivalents	$327.4M+16.0%	$282.3M+105.4%	$137.4M+27.4%	$107.8M-76.0%	$448.5M+192.6%	$153.3M+54.7%	$99.1M+18.5%	$83.6M-4.5%	$87.6M+8.0%	$81.1M-1.4%	$82.2M-28.7%	$115.3M+137.4%	$48.6M-21.5%	$61.8M-17.1%	$74.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$654.6M+7.5%	$609.1M+17.6%	$517.8M+0.7%	$514.3M+22.5%	$420.0M-4.1%	$437.9M-15.3%	$516.8M-6.0%	$549.6M+16.1%	$473.5M+2.6%	$461.7M+3.1%	$447.7M-0.9%	$451.9M+4.7%	$431.7M+8.4%	$398.2M+4.4%	$381.6M
Accounts Receivable	$477.3M+4.4%	$457.2M-5.8%	$485.2M+31.6%	$368.8M+14.5%	$322.1M-11.6%	$364.6M-12.4%	$416.2M-1.6%	$422.8M	N/A	N/A	N/A	N/A	$381.1M+7.5%	$354.4M+19.1%	$297.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$832.3M+3.2%	$806.6M+1.9%	$791.5M+2.4%	$772.6M-4.1%	$805.3M-0.4%	$808.3M+1.3%	$797.9M-1.9%	$813.3M+46.1%	$556.5M+0.2%	$555.7M-0.2%	$557.0M-0.5%	$559.7M-0.3%	$561.5M+21.7%	$461.4M-0.2%	$462.3M
Total Liabilities	$2.1B-5.9%	$2.2B+13.1%	$1.9B+1.8%	$1.9B+1.6%	$1.9B-1.8%	$1.9B-14.3%	$2.2B-1.0%	$2.3B+62.6%	$1.4B-3.1%	$1.4B+5.2%	$1.4B+10.0%	$1.2B+14.9%	$1.1B+26.3%	$851.8M-1.2%	$862.3M
Current Liabilities	$907.4M-1.7%	$923.5M+49.6%	$617.2M+14.5%	$539.1M+47.2%	$366.3M-6.6%	$392.3M-44.5%	$707.4M+19.7%	$591.2M+38.4%	$427.2M-11.1%	$480.6M+42.1%	$338.2M-0.5%	$340.0M-18.3%	$415.9M+48.6%	$279.9M-0.4%	$280.9M
Non-Current Liabilities	$1.2B-8.9%	$1.3B-4.0%	$1.3B-3.2%	$1.4B-9.5%	$1.5B-0.6%	$1.5B-0.3%	$1.5B-8.4%	$1.7B+73.3%	$958.5M+1.0%	$949.2M-7.0%	$1.0B+13.9%	$896.2M+35.8%	$660.0M+15.4%	$572.0M-1.6%	$581.5M
Long-Term Debt	$457.0M-19.8%	$569.8M-11.8%	$645.7M-9.0%	$709.8M-3.3%	$734.1M-0.4%	$736.8M-14.8%	$864.9M-20.8%	$1.1B+88.3%	$580.3M+0.5%	$577.2M-32.0%	$848.5M+19.5%	$710.0M+57.8%	$450.0M+14.8%	$391.9M-7.8%	$425.2M
Total Equity	$2.6B+17.9%	$2.2B+5.1%	$2.1B+8.9%	$1.9B-14.2%	$2.2B+11.1%	$2.0B+15.4%	$1.7B+12.3%	$1.5B+12.2%	$1.4B+13.1%	$1.2B+5.2%	$1.2B-0.7%	$1.2B+1.6%	$1.1B+13.3%	$1.0B+9.7%	$919.1M
Retained Earnings	$3.6B+11.7%	$3.2B+10.8%	$2.9B+6.6%	$2.7B+4.9%	$2.6B+7.1%	$2.4B+9.1%	$2.2B+13.1%	$2.0B+8.0%	$1.8B+10.4%	$1.6B+10.3%	$1.5B+11.7%	$1.3B+12.1%	$1.2B+11.6%	$1.1B+12.7%	$949.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$5.2B+10.3%	$5.0B+10.6%	$4.7B+10.6%	$4.6B+6.0%	$4.7B+9.1%	$4.5B+2.9%	$4.3B+3.6%	$4.4B+8.9%
Current Assets	$2.3B+13.5%	$2.3B+18.8%	$2.0B+18.8%	$1.9B+8.1%	$2.1B+15.3%	$1.9B+5.5%	$1.7B+11.5%	$1.7B+18.7%
Cash & Equivalents	$474.9M+0.4%	$501.2M+37.6%	$454.2M+60.1%	$327.4M+16.0%	$473.2M+53.5%	$364.1M+14.9%	$283.7M+96.6%	$282.3M+105.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$724.8M+10.3%	$704.5M+11.0%	$689.2M+9.1%	$654.6M+7.5%	$657.1M+6.9%	$634.5M+9.3%	$632.0M+12.9%	$609.1M+17.6%
Accounts Receivable	$617.9M+30.0%	$536.5M+8.2%	$413.8M+12.7%	$477.3M+4.4%	$475.3M+7.5%	$495.7M-6.5%	$367.1M-24.1%	$457.2M-5.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$894.0M+9.9%	$825.5M+4.2%	$832.1M+6.4%	$832.3M+3.2%	$813.8M+2.4%	$792.0M-0.6%	$781.9M-2.7%	$806.6M+1.9%
Total Liabilities	$2.7B+21.4%	$2.4B+13.3%	$2.1B+3.5%	$2.1B-5.9%	$2.2B+3.8%	$2.2B+5.8%	$2.1B+6.8%	$2.2B+13.1%
Current Liabilities	$1.4B+40.7%	$1.3B+33.9%	$999.1M+9.2%	$907.4M-1.7%	$1.0B+10.6%	$979.7M+41.6%	$914.8M+57.0%	$923.5M+49.6%
Non-Current Liabilities	$1.3B+5.5%	$1.1B-3.8%	$1.1B-0.9%	$1.2B-8.9%	$1.2B-1.2%	$1.2B-12.5%	$1.2B-14.7%	$1.3B-4.0%
Long-Term Debt	$617.7M+22.6%	$453.4M-7.4%	$457.0M-5.4%	$457.0M-19.8%	$503.9M-10.4%	$489.8M-24.5%	$483.2M-26.0%	$569.8M-11.8%
Total Equity	$2.5B+0.2%	$2.5B+8.0%	$2.6B+17.2%	$2.6B+17.9%	$2.5B+14.3%	$2.3B+0.3%	$2.2B+0.8%	$2.2B+5.1%
Retained Earnings	$4.0B+13.8%	$3.8B+13.1%	$3.7B+12.8%	$3.6B+11.7%	$3.5B+10.3%	$3.4B+10.4%	$3.3B+10.4%	$3.2B+10.8%

WWD Cash Flow Statement

WWD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$585.3M	$471.3M+7.3%	$439.1M+42.3%	$308.5M+59.3%	$193.6M-58.3%	$464.7M+33.0%	$349.5M-10.5%	$390.6M+30.5%	$299.3M-2.7%	$307.5M-29.4%	$435.4M+47.1%	$296.0M+8.2%	$273.6M+22.9%	$222.6M+54.5%	$144.1M+25.7%	$114.6M
Depreciation & Amortization	N/A	$113.3M-2.5%	$116.2M-3.0%	$119.7M-0.7%	$120.6M-6.9%	$129.5M-1.2%	$131.2M-7.6%	$142.0M+22.3%	$116.1M+43.5%	$80.9M+17.2%	$69.0M-8.2%	$75.2M-2.7%	$77.4M+4.2%	$74.2M+8.2%	$68.6M-9.0%	$75.4M
Stock-Based Compensation	N/A	$31.7M-4.2%	$33.1M+41.4%	$23.4M+16.3%	$20.1M-6.4%	$21.5M-6.2%	$22.9M+26.2%	$18.1M-0.5%	$18.2M+5.5%	$17.3M+14.3%	$15.1M+6.1%	$14.3M+26.8%	$11.2M+19.4%	$9.4M+9.1%	$8.6M+30.9%	$6.6M
Capital Expenditures	$208.7M	$130.9M+36.0%	$96.3M+25.9%	$76.5M+44.7%	$52.9M+40.3%	$37.7M-20.0%	$47.1M-52.5%	$99.1M-22.1%	$127.1M+37.7%	$92.3M-47.4%	$175.7M-38.7%	$286.6M+38.4%	$207.1M+46.3%	$141.6M+118.2%	$64.9M+34.5%	$48.3M
Free Cash Flow	$376.5M	$340.4M-0.7%	$342.8M+47.7%	$232.0M+64.8%	$140.8M-67.0%	$427.0M+41.2%	$302.4M+3.7%	$291.5M+69.4%	$172.2M-20.0%	$215.2M-17.1%	$259.7M+2669.1%	$9.4M-85.9%	$66.5M-17.9%	$81.0M+2.2%	$79.2M+19.4%	$66.4M
Investing Cash Flow	-$378.8M	-$119.6M-34.0%	-$89.2M-21.3%	-$73.6M-12.4%	-$65.4M-85.4%	-$35.3M-413.0%	-$6.9M+93.3%	-$102.5M+88.6%	-$896.6M-876.0%	-$91.9M	N/A	N/A	N/A	N/A	N/A	-$87.1M
Financing Cash Flow	-$199.0M	-$313.9M-44.0%	-$218.0M-11.0%	-$196.5M+55.6%	-$442.4M-224.5%	-$136.3M+53.0%	-$290.2M-9.3%	-$265.6M-143.8%	$606.0M+386.1%	-$211.8M	N/A	N/A	N/A	N/A	N/A	-$56.0M
Share Buybacks	$602.0M	$172.9M-55.8%	$390.8M+209.2%	$126.4M-74.0%	$485.3M+1355.4%	$33.3M+149.8%	$13.3M-87.9%	$110.3M	$0-100.0%	$71.8M-42.8%	$125.5M-20.9%	$158.8M+10.8%	$143.2M+213.0%	$45.8M+3.7%	$44.1M+545.2%	$6.8M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$146.7M+16.7%	$90.8M+16.7%	$114.4M+231.5%	$233.3M+64.6%	$125.6M-18.0%	$77.8M-20.0%	$34.5M-26.2%	$141.8M-7.3%
Depreciation & Amortization	$32.1M+11.9%	$29.9M+8.5%	$29.0M+4.2%	$29.2M-0.5%	$28.7M-1.1%	$27.6M-6.4%	$27.9M-3.3%	$29.3M-3.7%
Stock-Based Compensation	N/A	N/A	$7.0M+5.5%	N/A	N/A	N/A	$6.7M+35.0%	N/A
Capital Expenditures	$59.6M+124.6%	$52.6M+185.6%	$44.1M+31.4%	$52.4M+117.5%	$26.5M+67.0%	$18.4M+27.1%	$33.6M-19.7%	$24.1M+24.4%
Free Cash Flow	$87.1M-12.1%	$38.2M-35.6%	$70.3M+7363.7%	$180.9M+53.8%	$99.1M-27.8%	$59.4M-28.3%	$942K-81.1%	$117.7M-11.9%
Investing Cash Flow	-$187.3M-701.2%	-$51.1M-282.9%	-$48.3M-50.6%	-$92.0M-338.7%	-$23.4M-25.7%	$28.0M+455.5%	-$32.1M+23.2%	-$21.0M-8.4%
Financing Cash Flow	$14.3M+268.2%	$14.3M+138.6%	$60.2M+210.3%	-$287.8M-80.9%	-$8.5M+93.9%	-$37.0M-141.7%	$19.4M+339.6%	-$159.1M-40.6%
Share Buybacks	$198.1M+342.4%	$225.9M+413.2%	$129.4M+264.7%	$48.6M-43.5%	$44.8M	$44.0M	$35.5M	$86.0M-14.0%

Not reported in any period shown, so not listed: Dividends Paid.

WWD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WWD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	26.8%+0.4pp	26.4%+3.1pp	23.3%+1.2pp	22.1%-2.5pp	24.5%-1.1pp	25.7%+1.3pp	24.4%-1.5pp	25.9%-1.3pp	27.2%+0.6pp	26.7%-1.6pp	28.2%-0.5pp	28.7%-0.2pp	28.9%-1.2pp	30.1%+0.1pp	30.0%
Net Margin	12.4%+1.2pp	11.2%+3.3pp	8.0%+0.8pp	7.2%-2.1pp	9.3%-0.3pp	9.6%+0.7pp	8.9%+1.2pp	7.8%-1.8pp	9.6%+0.6pp	8.9%0.0pp	8.9%+0.6pp	8.3%+0.8pp	7.5%-0.1pp	7.6%-0.1pp	7.7%
Return on Equity	17.2%+0.1pp	17.1%+5.9pp	11.2%+2.2pp	9.0%-0.4pp	9.4%-2.6pp	12.1%-3.0pp	15.0%+3.3pp	11.7%-2.9pp	14.6%-0.3pp	14.9%-0.8pp	15.7%+1.5pp	14.3%+1.5pp	12.8%-1.3pp	14.0%-0.4pp	14.4%
Return on Assets	9.6%+1.0pp	8.5%+2.8pp	5.8%+1.3pp	4.5%-0.6pp	5.1%-1.1pp	6.2%-0.4pp	6.6%+1.8pp	4.8%-2.5pp	7.3%+0.4pp	6.8%-0.4pp	7.2%+0.2pp	7.0%+0.5pp	6.6%-1.0pp	7.6%+0.2pp	7.4%
Current Ratio	2.08+0.2x	1.89-0.5x	2.38-0.1x	2.43-1.6x	4.00+0.9x	3.09+1.3x	1.80-0.1x	1.89-0.5x	2.39+0.4x	1.97-0.7x	2.71-0.3x	2.97+0.7x	2.30-0.9x	3.23+0.3x	2.91
Debt-to-Equity	0.18-0.1x	0.26-0.1x	0.31-0.1x	0.370.0x	0.330.0x	0.37-0.1x	0.50-0.2x	0.71+0.3x	0.42-0.1x	0.48-0.3x	0.74+0.1x	0.61+0.2x	0.390.0x	0.39-0.1x	0.46
Asset Turnover	0.770.0x	0.760.0x	0.73+0.1x	0.63+0.1x	0.55-0.1x	0.64-0.1x	0.73+0.1x	0.61-0.1x	0.760.0x	0.770.0x	0.810.0x	0.850.0x	0.87-0.1x	1.000.0x	0.96
FCF Margin	9.5%-0.8pp	10.3%+2.3pp	8.0%+2.1pp	5.9%-13.1pp	19.0%+6.9pp	12.1%+2.1pp	10.1%+2.7pp	7.4%-2.8pp	10.3%-2.6pp	12.8%+12.4pp	0.5%-2.9pp	3.3%-0.9pp	4.2%-0.1pp	4.3%+0.4pp	3.9%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	31.5%+4.3pp	29.0%+1.8pp	29.3%+4.8pp	27.9%+3.6pp	27.2%+0.1pp	27.2%-0.9pp	24.5%-1.4pp	24.3%+0.1pp
Net Margin	13.2%+1.4pp	12.3%0.0pp	13.4%+2.2pp	13.8%+4.1pp	11.8%-0.2pp	12.3%+0.7pp	11.3%-0.2pp	9.8%-0.9pp
Return on Equity	5.9%+1.5pp	5.3%+0.6pp	5.2%+1.2pp	5.4%+1.5pp	4.4%-0.3pp	4.7%+0.5pp	3.9%-0.2pp	3.8%-0.2pp
Return on Assets	2.8%+0.5pp	2.7%+0.3pp	2.8%+0.8pp	3.0%+1.1pp	2.3%-0.1pp	2.4%+0.2pp	2.0%-0.2pp	1.9%-0.2pp
Current Ratio	1.65-0.4x	1.73-0.2x	2.05+0.2x	2.08+0.2x	2.04+0.1x	1.95-0.7x	1.89-0.8x	1.89-0.5x
Debt-to-Equity	0.250.0x	0.180.0x	0.180.0x	0.18-0.1x	0.20-0.1x	0.21-0.1x	0.22-0.1x	0.26-0.1x
Asset Turnover	0.210.0x	0.220.0x	0.210.0x	0.210.0x	0.190.0x	0.200.0x	0.180.0x	0.200.0x
FCF Margin	7.8%-3.0pp	3.5%-3.2pp	7.1%+6.9pp	18.2%+4.4pp	10.8%-5.4pp	6.7%-3.2pp	0.1%-0.5pp	13.8%-3.4pp

Not reported in any period shown, so not listed: Operating Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Woodward, Inc. WWD	FY2025	$3.6B	$442.1M	12.4%	$19.7B	45/100
Textron, Inc. TXT	FY2025	$14.8B	$921.0M	6.2%	$12.7B	23/100
BWX Technologies, Inc. BWXT	FY2025	$3.2B	$328.9M	10.3%	$12.3B	65/100
Embraer S.A. ERJ	FY2025	$7.6B	$359.0M	4.7%	$11.8B	45/100
Curtiss-Wright Corp. CW	FY2025	$3.5B	$484.2M	13.8%	$18.5B	69/100
AeroVironment, Inc. AVAV	FY2026	$2.0B	-$265.1M	-13.4%	$6.1B	55/100

Where Woodward, Inc. Ranks

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%.

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.

How many shares does Woodward, Inc. have outstanding?

Woodward, Inc. (WWD) had 60M shares outstanding as of fiscal year 2025.

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 P/E ratio?

Woodward, Inc. (WWD) trades at 35.6x earnings, its market capitalization divided by net income of $552.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $19.7B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Woodward, Inc.'s price-to-sales ratio?

Woodward, Inc. (WWD) trades at 4.7x sales, its market capitalization divided by revenue of $4.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $19.7B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

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 to 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 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.