WWDNasdaqElectrical Industrial ApparatusFiscal year ends September 30
Woodward, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$329.30+0.82 (+0.25%)
Close on Oct 19, 2026
- Market cap
- $20.09B
- P/E (TTM)
- 36.6
- Dividend yield
- 0.33%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
26.8%+1.2 pts over 5 years
Net margin
12.4%+2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.3% | +14.4% | +7.4% | +5.8% | |
| Gross profit | +9.1% | +22.1% | +8.4% | +5.2% | |
| Net income | +18.5% | +37.1% | +13.0% | +9.3% | |
| EPS, diluted | +19.6% | +38.4% | +14.0% | +10.1% | |
| Free cash flow | -0.7% | +34.2% | +2.4% | +43.2% | |
| Dividend per share | +12.4% | +14.2% | +12.5% | +11.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 15.3% | 12.9% | 18.6% | |
| Return on assets | 7.0% | 6.1% | 9.8% | |
| Current ratio | 1.97 | 3.09 | 2.08 | |
| Debt to equity | 0.60 | 0.42 | 0.27 | |
| Inventory turnover | 3.3× | 3.9× | 4.1× | |
| Capex to revenue | 8.7% | 1.9% | 3.7% | |
| Diluted shares | 64M | 64M | 61M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Woodward generated $1.88B from operations and spent $1.60B on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$1.88B
Used
$1.60B
Capital expenditure$394.27M25%Dividends$00%Share buybacks$1.21B75%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.4%
×Asset turnover0.79×
×Equity multiplier1.90×
=Return on equity, FY202518.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.4% | 0.79× | 1.90× | 18.6% |
| FY2024 | 11.2% | 0.79× | 1.97× | 17.6% |
| FY2023 | 8.0% | 0.75× | 1.97× | 11.7% |
| FY2022 | 7.2% | 0.60× | 1.92× | 8.3% |
| FY2021 | 9.3% | 0.56× | 1.90× | 9.9% |
| FY2020 | 9.6% | 0.64× | 2.11× | 12.9% |
| FY2019 | 9.0% | 0.75× | 2.37× | 15.9% |
| FY2018 | 7.8% | 0.71× | 2.25× | 12.4% |
| FY2017 | 9.6% | 0.78× | 2.09× | 15.5% |
| FY2016 | 8.9% | 0.78× | 2.18× | 15.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$442.11M
- Cash generatingOperating cash flow above zero$471.29M
- Return on assets improvedROA up on the prior year9.3% → 10.1%
- Earnings backed by cashOperating cash flow above net income$471.29M vs $442.11M
- Less leverageLong-term debt to assets fell13.0% → 9.9%
- Better liquidityCurrent ratio rose1.89 → 2.08
- No dilutionShare count did not rise62M → 61M
- Gross margin improvedGross margin up on the prior year26.37% → 26.81%
- More efficientAsset turnover rose0.83 → 0.82