Woodward, Inc. (WWD)

Nasdaq Industrials Electrical Components & Equipment S&P MidCap 400

$317.31

+10.45 (+3.41%)

Close of Nov 06, 2026 · end-of-day data

Source: Woodward, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.02B	$2.10B	$2.33B	$2.90B	$2.50B	$2.25B	$2.38B	$2.91B	$3.32B	$3.57B
Cost of revenue	$1.48B	$1.53B	$1.72B	$2.19B	$1.86B	$1.69B	$1.86B	$2.24B	$2.45B	$2.61B
Gross profit	$539.12M	$571.12M	$603.07M	$707.54M	$640.24M	$551.06M	$525.30M	$677.58M	$876.48M	$956.29M
Research & development	$126.17M	$126.52M	$148.28M	$159.11M	$133.13M	$117.09M	$119.78M	$132.09M	$140.68M	$147.57M
Selling, general & admin	$174.02M	$177.32M	$193.74M	$211.21M	$217.71M	$186.87M	$203.00M	$269.69M	$307.50M	$329.82M
Interest expense	$26.78M	$35.64M	$40.47M	$44.00M	$35.81M	$34.28M	$34.55M	$47.90M	$47.96M	$45.69M
Pre-tax income	$226.49M	$252.75M	$219.58M	$320.61M	$281.88M	$245.80M	$199.90M	$275.77M	$453.97M	$521.41M
Income tax	$45.65M	$52.24M	$39.20M	$61.01M	$41.49M	$37.15M	$28.20M	$43.40M	$81.00M	$79.30M
Net income	$180.84M	$200.51M	$180.38M	$259.60M	$240.40M	$208.65M	$171.70M	$232.37M	$372.97M	$442.11M
EPS (basic)	$2.92	$3.27	$2.93	$4.19	$3.86	$3.30	$2.79	$3.88	$6.21	$7.42
EPS (diluted)	$2.85	$3.16	$2.82	$4.02	$3.74	$3.18	$2.71	$3.78	$6.01	$7.19
Diluted shares	63.56M	63.51M	63.88M	64.50M	64.21M	65.56M	63.25M	61.48M	62.08M	61.46M
Gross margin	26.6%	27.2%	25.9%	24.4%	25.7%	24.5%	22.0%	23.2%	26.4%	26.8%
Net margin	8.9%	9.6%	7.8%	9.0%	9.6%	9.3%	7.2%	8.0%	11.2%	12.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$81.09M	$87.55M	$83.59M	$99.07M	$153.27M	$448.46M	$107.84M	$137.45M	$282.27M	$327.43M
Receivables	—	—	$422.84M	$416.20M	$364.55M	$322.12M	$368.77M	$485.23M	$457.23M	$477.32M
Inventory	$461.68M	$473.50M	$549.60M	$516.84M	$437.94M	$419.97M	$514.29M	$517.84M	$609.09M	$654.61M
Total current assets	$944.42M	$1.02B	$1.11B	$1.27B	$1.21B	$1.46B	$1.31B	$1.47B	$1.74B	$1.88B
Goodwill	$555.68M	$556.54M	$813.25M	$797.85M	$808.25M	$805.33M	$772.56M	$791.47M	$806.64M	$832.29M
Total assets	$2.64B	$2.76B	$3.79B	$3.96B	$3.90B	$4.09B	$3.81B	$4.01B	$4.37B	$4.63B
Total current liabilities	$480.61M	$427.23M	$591.18M	$707.44M	$392.33M	$366.26M	$539.11M	$617.20M	$923.51M	$907.39M
Short-term debt	$150.00M	$0	$0	$220.00M	$101.63M	$728.00K	$856.00K	$75.82M	$85.72M	$122.93M
Long-term debt	$577.15M	$580.29M	$1.09B	$864.90M	$736.85M	$734.12M	$709.76M	$645.71M	$569.75M	$456.97M
Total debt	$727.15M	$580.29M	$1.09B	$1.08B	$838.48M	$734.85M	$710.62M	$721.53M	$655.47M	$579.90M
Total liabilities	$1.43B	$1.39B	$2.25B	$2.23B	$1.91B	$1.88B	$1.91B	$1.94B	$2.19B	$2.06B
Shareholders' equity	$1.21B	$1.37B	$1.54B	$1.73B	$1.99B	$2.21B	$1.90B	$2.07B	$2.18B	$2.57B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$435.38M	$307.54M	$299.29M	$390.61M	$349.49M	$464.67M	$193.64M	$308.54M	$439.09M	$471.29M
Capital expenditures	$175.69M	$92.34M	$127.14M	$99.07M	$47.09M	$37.69M	$52.87M	$76.50M	$96.28M	$130.93M
Free cash flow	$259.69M	$215.20M	$172.15M	$291.54M	$302.40M	$426.98M	$140.77M	$232.04M	$342.81M	$340.37M
Investing cash flow	-$173.95M	-$91.87M	-$896.57M	-$102.53M	-$6.88M	-$35.30M	-$65.45M	-$73.55M	-$89.22M	-$119.55M
Financing cash flow	-$260.99M	-$211.81M	$606.00M	-$265.60M	-$290.24M	-$136.32M	-$442.38M	-$196.47M	-$218.05M	-$313.93M
Share buybacks	$125.54M	$71.75M	$0	$110.31M	$13.35M	$33.34M	$485.30M	$126.38M	$390.82M	$172.86M
Stock-based compensation	$15.12M	$17.28M	$18.23M	$18.15M	$22.90M	$21.48M	$20.11M	$23.38M	$33.05M	$31.67M
Depreciation & amortization	$69.04M	$80.92M	$116.13M	$142.00M	$131.16M	$129.52M	$120.63M	$119.74M	$116.17M	$113.28M

Income statement

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	$777.07M	$786.73M	$835.34M	$847.69M	$854.49M	$772.73M	$883.63M	$915.45M	$995.26M	$996.45M	$1.09B	$1.11B
Cost of revenue	$587.51M	$582.38M	$600.95M	$617.70M	$646.73M	$583.09M	$643.53M	$666.29M	$717.86M	$704.29M	$774.66M	$759.80M
Gross profit	$189.56M	$204.35M	$234.39M	$229.99M	$207.75M	$189.63M	$240.10M	$249.16M	$277.40M	$292.16M	$315.91M	$349.91M
Research & development	$32.06M	$30.79M	$36.47M	$38.73M	$34.69M	$30.21M	$37.23M	$41.09M	$39.04M	$37.76M	$46.12M	$49.32M
Selling, general & admin	$65.94M	$74.51M	$81.45M	$73.81M	$77.73M	$69.70M	$83.84M	$88.70M	$87.58M	$94.98M	$102.28M	$106.47M
Interest expense	$11.74M	$11.44M	$11.53M	$11.52M	$13.48M	$12.34M	$11.89M	$11.23M	$10.22M	$10.34M	$12.04M	$14.83M
Pre-tax income	$98.04M	$109.72M	$120.62M	$122.10M	$101.53M	$101.85M	$132.96M	$126.84M	$159.76M	$169.15M	$167.43M	$193.51M
Income tax	$15.39M	$19.68M	$23.07M	$20.02M	$18.23M	$14.76M	$24.01M	$18.39M	$22.14M	$35.43M	$33.41M	$46.84M
Net income	$82.65M	$90.04M	$97.56M	$102.08M	$83.30M	$87.09M	$108.95M	$108.45M	$137.62M	$133.72M	$134.01M	$146.68M
EPS (basic)	$1.38	$1.50	$1.61	$1.69	$1.41	$1.47	$1.83	$1.82	$2.30	$2.23	$2.25	$2.47
EPS (diluted)	$1.34	$1.46	$1.56	$1.63	$1.36	$1.42	$1.78	$1.76	$2.23	$2.17	$2.19	$2.40
Diluted shares	232.00K	61.85M	62.37M	62.52M	-211.00K	61.14M	61.34M	61.49M	90.00K	61.59M	61.28M	61.02M
Gross margin	24.4%	26.0%	28.1%	27.1%	24.3%	24.5%	27.2%	27.2%	27.9%	29.3%	29.0%	31.5%
Net margin	10.6%	11.4%	11.7%	12.0%	9.7%	11.3%	12.3%	11.8%	13.8%	13.4%	12.3%	13.2%

Balance sheet

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Cash & equivalents	$137.45M	$144.35M	$316.93M	$308.33M	$282.27M	$283.73M	$364.14M	$473.16M	$327.43M	$454.25M	$501.17M	$474.85M
Receivables	$485.23M	$483.70M	$530.13M	$441.96M	$457.23M	$367.06M	$495.66M	$475.31M	$477.32M	$413.84M	$536.47M	$617.90M
Inventory	$517.84M	$559.67M	$580.38M	$614.98M	$609.09M	$632.00M	$634.51M	$657.12M	$654.61M	$689.22M	$704.47M	$724.80M
Total current assets	$1.47B	$1.55B	$1.81B	$1.79B	$1.74B	$1.72B	$1.91B	$2.06B	$1.88B	$2.05B	$2.27B	$2.34B
Goodwill	$791.47M	$803.49M	$796.71M	$794.80M	$806.64M	$781.93M	$791.99M	$813.78M	$832.29M	$832.07M	$825.50M	$893.96M
Total assets	$4.01B	$4.13B	$4.37B	$4.32B	$4.37B	$4.28B	$4.49B	$4.71B	$4.63B	$4.73B	$4.97B	$5.20B
Total current liabilities	$617.20M	$582.81M	$691.86M	$913.09M	$923.51M	$914.82M	$979.72M	$1.01B	$907.39M	$999.13M	$1.31B	$1.42B
Short-term debt	$75.82M	$745.00K	$699.00K	$85.71M	$85.72M	$160.97M	$160.99M	$76.02M	$122.93M	$48.03M	$46.91M	$131.78M
Long-term debt	$645.71M	$653.03M	$649.04M	$562.62M	$569.75M	$483.20M	$489.82M	$503.85M	$456.97M	$457.00M	$453.37M	$617.73M
Total debt	$721.53M	$653.77M	$649.74M	$648.33M	$655.47M	$644.17M	$650.81M	$579.87M	$579.90M	$505.04M	$500.28M	$749.51M
Total liabilities	$1.94B	$1.94B	$2.04B	$2.16B	$2.19B	$2.07B	$2.16B	$2.24B	$2.06B	$2.15B	$2.44B	$2.72B
Shareholders' equity	$2.07B	$2.19B	$2.33B	$2.16B	$2.18B	$2.21B	$2.34B	$2.47B	$2.57B	$2.59B	$2.53B	$2.47B

Cash flow

quarters · USD

Quarter ended	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Operating cash flow	$152.91M	$46.79M	$97.33M	$153.21M	$141.76M	$34.52M	$77.83M	$125.64M	$233.32M	$114.44M	$90.83M	$146.67M
Capital expenditures	$19.36M	$41.81M	$14.49M	$15.89M	$24.09M	$33.57M	$18.42M	$26.55M	$52.39M	$44.13M	$52.59M	$59.62M
Free cash flow	$133.56M	$4.98M	$82.84M	$137.32M	$117.67M	$942.00K	$59.41M	$99.09M	$180.93M	$70.31M	$38.24M	$87.06M
Investing cash flow	-$19.35M	-$41.78M	-$7.87M	-$18.60M	-$20.98M	-$32.10M	$27.96M	-$23.38M	-$92.03M	-$48.33M	-$51.13M	-$187.33M
Financing cash flow	-$113.16M	-$8.09M	$88.68M	-$139.56M	-$159.08M	$19.39M	-$36.99M	-$8.52M	-$287.80M	$60.16M	$14.28M	$14.34M
Share buybacks	$100.01M	—	—	—	$86.01M	$35.47M	$44.02M	$44.78M	$48.58M	$129.39M	$225.91M	$198.14M
Stock-based compensation	$4.01M	$4.94M	$14.97M	$8.02M	$5.13M	$6.67M	$12.71M	$6.11M	$6.18M	$7.03M	$14.09M	$7.53M
Depreciation & amortization	$30.44M	$28.82M	$29.23M	$28.79M	$29.33M	$27.88M	$27.57M	$28.65M	$29.18M	$29.04M	$29.91M	$32.07M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.