Woodward, Inc. WWD

Industrials SIC 3620 - Electrical Industrial Apparatus Nasdaq

We are an independent designer, manufacturer, and services provider of control solutions for the aerospace and industrial markets. Our innovative fluid energy, combustion control, electrical energy, and motion control systems help customers offer cleaner, more reliable, and more efficient equipment. Our customers include leading original equipment manufacturers and end users of their products. We have production and assembly facilities primarily in the United States, Europe, and Asia, and promote our products and services through our worldwide locations.

Our strategic focus is providing energy control and optimization solutions for the aerospace and industrial markets. The precise and efficient control of energy, including motion, fluid, combustion, and electrical energy, is a growing requirement in the markets we serve. Our customers look to us to optimize the efficiency, emissions, and operation of power equipment in both commercial and defense operations. Our core technologies leverage well across our markets and customer applications, enabling us to develop and integrate cost-effective and state-of-the-art fuel, combustion, fluid, actuation, and electronic systems. We focus primarily on serving original equipment manufacturers ("OEMs") and equipment packagers, partnering with them to bring superior component and system solutions to their demanding applications.

Last close 346.22 2026-09-04
Market cap $20.44B 2026-06-30 share count
52-week range 233.31 - 450.92

Valuation FY2025 figures against the last close

P/S5.7x
P/E48.2x
P/FCF60.1x
EV/EBITDA
Dividend yield
Diluted EPS7.19

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.57B$3.32B$2.91B$2.38B$2.25B$2.50B$2.90B$2.33B$2.10B$2.02B
Cost of revenue $2.61B$2.45B$2.24B$1.86B$1.69B$1.86B$2.19B$1.72B$1.53B$1.48B
Gross profit $956.3M$876.5M$677.6M$525.3M$551.1M$640.2M$707.5M$603.1M$571.1M$539.1M
R&D $147.6M$140.7M$132.1M$119.8M$117.1M$133.1M$159.1M$148.3M$126.5M$126.2M
SG&A $329.8M$307.5M$269.7M$203.0M$186.9M$217.7M$211.2M$193.7M$177.3M$174.0M
Interest expense $45.7M$48.0M$47.9M$34.5M$34.3M$35.8M$44.0M$40.5M$35.6M$26.8M
Pre-tax income $521.4M$454.0M$275.8M$199.9M$245.8M$281.9M$320.6M$219.6M$252.7M$226.5M
Income tax $79.3M$81.0M$43.4M$28.2M$37.1M$41.5M$61.0M$39.2M$52.2M$45.6M
Net income $442.1M$373.0M$232.4M$171.7M$208.6M$240.4M$259.6M$180.4M$200.5M$180.8M
EPS, basic 7.426.213.882.793.303.864.192.933.272.92
EPS, diluted 7.196.013.782.713.183.744.022.823.162.85
Shares, diluted (wtd. avg.) $61.5M$62.1M$61.5M$63.3M$65.6M$64.2M$64.5M$63.9M$63.5M$63.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $327.4M$282.3M$137.4M$107.8M$448.5M$153.3M$99.1M$83.6M$87.6M$81.1M
Receivables $477.3M$457.2M$485.2M$368.8M$322.1M$364.6M$416.2M$422.8M
Inventory $654.6M$609.1M$517.8M$514.3M$420.0M$437.9M$516.8M$549.6M$473.5M$461.7M
Total current assets $1.88B$1.74B$1.47B$1.31B$1.46B$1.21B$1.27B$1.11B$1.02B$944.4M
Property, plant and equipment $986.6M$940.7M$913.1M$910.5M$950.6M$997.4M$1.06B$1.06B$922.0M$876.4M
Goodwill $832.3M$806.6M$791.5M$772.6M$805.3M$808.3M$797.9M$813.2M$556.5M$555.7M
Other intangibles $428.1M$440.4M$452.4M$460.6M$559.3M$606.7M$612.0M$700.9M$171.9M$197.7M
Total assets $4.63B$4.37B$4.01B$3.81B$4.09B$3.90B$3.96B$3.79B$2.76B$2.64B
Accounts payable $289.4M$287.5M$234.3M$230.5M$170.9M$134.2M$240.5M$226.3M$232.8M$169.4M
Short-term debt $122.9M$85.7M$75.8M$856.0K$728.0K$101.6M$220.0M$153.6M$0$150.0M
Total current liabilities $907.4M$923.5M$617.2M$539.1M$366.3M$392.3M$707.4M$591.2M$427.2M$480.6M
Long-term debt $457.0M$569.8M$645.7M$709.8M$734.1M$736.8M$864.9M$1.09B$580.3M$577.2M
Total liabilities $2.06B$2.19B$1.94B$1.91B$1.88B$1.91B$2.23B$2.25B$1.39B$1.43B
Retained earnings $3.60B$3.22B$2.91B$2.73B$2.60B$2.43B$2.22B$1.97B$1.82B$1.65B
Total equity $2.57B$2.18B$2.07B$1.90B$2.21B$1.99B$1.73B$1.54B$1.37B$1.21B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $471.3M$439.1M$308.5M$193.6M$464.7M$349.5M$390.6M$299.3M$307.5M$435.4M
Depreciation and amortisation $113.3M$116.2M$119.7M$120.6M$129.5M$131.2M$142.0M$116.1M$80.9M$69.0M
Stock-based compensation $31.7M$33.1M$23.4M$20.1M$21.5M$22.9M$18.1M$18.2M$17.3M$15.1M
Capital expenditure $130.9M$96.3M$76.5M$52.9M$37.7M$47.1M$99.1M$127.1M$92.3M$175.7M
Investing cash flow -$119.6M-$89.2M-$73.6M-$65.4M-$35.3M-$6.9M-$102.5M-$896.6M-$91.9M-$173.9M
Financing cash flow -$313.9M-$218.0M-$196.5M-$442.4M-$136.3M-$290.2M-$265.6M$606.0M-$211.8M-$261.0M
Buybacks $172.9M$390.8M$126.4M$485.3M$33.3M$13.3M$110.3M$0$71.8M$125.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-296204.

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