A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Woodward, Inc.
WWD
$25.8B
Mkt Cap
$419.00
+1.71%
Woodward, Inc. (WWD) has a current P/E ratio of 52.8, compared to its historical median P/E of 27.8. The stock is currently considered Expensive based on its historical valuation range.
Woodward, Inc. (WWD) has a 5-year average return on invested capital (ROIC) of 12.1%. This indicates solid capital allocation.
Woodward, Inc. (WWD) has a market capitalization of $30.6B. It is classified as a large-cap stock.
Yes, Woodward, Inc. (WWD) pays a dividend with a trailing twelve-month yield of 0.23%. The company also returns capital through share buybacks, with a buyback yield of 1.47%.
Based on historical P/E analysis, Woodward, Inc. (WWD) appears expensive. The current P/E of 52.8 is 90% above its historical median of 27.8. The estimated fair value CAGR (P/E method) is 9.1%.
Woodward, Inc. (WWD) operates in the Electrical Industrial Apparatus industry, within the Industrials sector.
Woodward, Inc. (WWD) reported annual revenue of $3.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Woodward is an independent designer, manufacturer, and services provider of control solutions for the aerospace and industrial markets, leveraging core technologies in fluid energy, combustion control, electrical energy, and motion control systems. The company operates through two reportable segments: Aerospace, which designs and manufactures fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls and sensors for commercial, business, military, and rotorcraft platforms; and Industrial, which produces actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, control systems, electronics and software, and sensors for industrial gas turbines, steam turbines, compressors, and reciprocating engines used in power generation, oil and gas extraction, mining, transportation, and marine applications. Woodward generates revenue through sales to original equipment manufacturers and tier-one suppliers for new unit production, as well as through services including maintenance, repair, overhaul, and provisioning of spare parts to commercial airlines, repair facilities, military depots, and end users. The company maintains production and assembly facilities primarily in the United States, Europe, and Asia, and distributes products through worldwide locations and, in the Industrial segment, through an independent network of distributors and authorized representatives. Woodward's competitive positioning is built on its ability to integrate cost-effective and state-of-the-art fuel, combustion, fluid, actuation, and electronic systems tailored to demanding aerospace and industrial applications, with significant content on platforms such as the Airbus A320neo, Boeing 737 MAX, Boeing 787, Bell 429, Bombardier Global 7500, Blackhawk and Apache helicopters, F-35 and F-15 fighter jets, and smart defense weapons.
【Strong demand momentum continuing】 Management expects sustained robust demand across both aerospace and industrial segments into 2026 and beyond, driven by increased aircraft delivery rates, strong defense spending, and data center-driven power generation growth. In aerospace, commercial services are expected to remain solid with continued strength in LEAP and GTF engine repair activity, while defense OEM continues to signal strong demand; the company anticipates LEAP and GTF repair revenue to surpass legacy repair revenue in late calendar 2026 or early 2027. Industrial segment demand is expected to remain strong across power generation, oil and gas, and transportation, with multiple customers recently requesting capacity studies for forecasts extending to 2030 and beyond, primarily driven by data center-related power generation acceleration. The company is making strategic investments in automation, capacity expansion, and operational excellence to support this growth trajectory, including completion of the Spartanburg facility in 2027 and ongoing ERP upgrades, with management noting that while these initiatives are impacting near-term margins, they are critical for positioning the company for sustained long-term growth.
| Metric | Target | Period |
|---|---|---|
| Aerospace sales growth | 21%-24% | FY2026 |
| Aerospace segment margins | 23%-23.5% | FY2026 |
| Industrial sales growth | 18%-20% | FY2026 |
| Industrial segment margins | 18%-18.5% | FY2026 |
| Total Woodward sales growth | 20%-23% | FY2026 |
| Adjusted EPS | $9.15-$9.45 | FY2026 |
| Free cash flow | $300 million-$350 million | FY2026 |
| Capital expenditures | approximately $290 million | FY2026 |
| Dividends and share repurchases | $650 million-$700 million | FY2026 |
Aerospace sales growth (FY2026): “Aerospace sales growth between 21%-24%, with margins increasing to be between 23%-23.5%.”
Aerospace segment margins (FY2026): “Aerospace sales growth between 21%-24%, with margins increasing to be between 23%-23.5%.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.0B | 3.6B | 3.3B | 2.9B | 2.4B | 2.2B |
| Net Income | 514M | 442M | 373M | 232M | 172M | 209M |
| EPS | $7.04 | $7.19 | $6.01 | $3.78 | $2.71 | $3.18 |
| Free Cash Flow | 389M | 340M | 343M | 232M | 141M | 427M |
| ROIC | 0.0% | 17.1% | 15.4% | 10.4% | 7.9% | 9.4% |
| Gross Margin | - | 26.8% | 26.4% | 23.2% | 22.0% | 24.5% |
| Debt/Equity | 0.44 | 0.27 | 0.40 | 0.35 | 0.41 | 0.33 |
| Dividends/Share | $0.95 | $1.09 | $0.97 | $0.85 | $0.73 | $0.57 |
| Operating Income | 0 | 567M | 502M | 324M | 234M | 280M |
| Operating Margin | 0.0% | 15.9% | 15.1% | 11.1% | 9.8% | 12.5% |
| ROE | 20.3% | 18.6% | 17.6% | 11.7% | 8.3% | 9.9% |
| Shares Outstanding | 73M | 61M | 62M | 61M | 63M | 66M |
| Metric | 2015 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.0B | 2.0B | 2.0B | 2.1B | 2.3B | 2.9B | 2.5B | 2.2B | 2.4B | 2.9B | 3.3B | 3.6B | 4.0B |
| Gross Margin | 28.8% | 28.2% | 26.6% | 27.2% | 25.9% | 24.4% | 25.7% | 24.5% | 22.0% | 23.2% | 26.4% | 26.8% | N/A |
| R&D | 138M | 134M | 126M | 127M | 148M | 159M | 133M | 117M | 120M | 132M | 141M | 148M | 164M |
| SG&A | 155M | 177M | 174M | 177M | 194M | 211M | 218M | 187M | 203M | 270M | 307M | 330M | 374M |
| EBIT | 250M | 266M | 253M | 288M | 260M | 365M | 318M | 280M | 234M | 324M | 502M | 567M | 0 |
| Op. Margin | 12.5% | 13.0% | 12.5% | 13.7% | 11.2% | 12.6% | 12.7% | 12.5% | 9.8% | 11.1% | 15.1% | 15.9% | 0.0% |
| Net Income | 166M | 181M | 181M | 201M | 180M | 260M | 240M | 209M | 172M | 232M | 373M | 442M | 514M |
| Net Margin | 8.3% | 8.9% | 8.9% | 9.6% | 7.8% | 9.0% | 9.6% | 9.3% | 7.2% | 8.0% | 11.2% | 12.4% | 12.9% |
| Non-Recurring | -166K | 665K | 13M | 3.6M | 18M | -1.9M | 54M | 9.5M | 5.2M | 3.7M | 457K | 19M | 19M |
| Returns on Capital | |||||||||||||
| ROIC | 11.1% | 10.9% | 10.7% | 12.3% | 9.4% | 10.9% | 10.1% | 9.4% | 7.9% | 10.4% | 15.4% | 17.1% | 0.0% |
| ROE | 14.4% | 15.7% | 15.3% | 15.5% | 12.4% | 15.9% | 12.9% | 9.9% | 8.3% | 11.7% | 17.6% | 18.6% | 20.3% |
| ROA | 7.2% | 7.4% | 7.0% | 7.4% | 5.5% | 6.7% | 6.1% | 5.2% | 4.3% | 5.9% | 8.9% | 9.8% | 10.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 274M | 296M | 435M | 308M | 299M | 391M | 349M | 465M | 194M | 309M | 439M | 471M | 564M |
| Free Cash Flow | 66M | 9.4M | 260M | 215M | 172M | 292M | 302M | 427M | 141M | 232M | 343M | 340M | 389M |
| Owner Earnings | 185M | 206M | 351M | 209M | 165M | 230M | 195M | 314M | 53M | 165M | 290M | 326M | 414M |
| CapEx | 207M | 287M | 176M | 92M | 127M | 99M | 47M | 38M | 53M | 77M | 96M | 131M | 176M |
| Maint. CapEx | 77M | 75M | 69M | 81M | 116M | 142M | 131M | 130M | 121M | 120M | 116M | 113M | 117M |
| Growth CapEx | 130M | 211M | 107M | 11M | 11M | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 59M |
| D&A | 77M | 75M | 69M | 81M | 116M | 142M | 131M | 130M | 121M | 120M | 116M | 113M | 117M |
| CapEx/OCF | 77.3% | 96.8% | 40.4% | 30.0% | 42.5% | 25.4% | 13.5% | 8.1% | 27.3% | 24.8% | 21.9% | 27.8% | 31.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 21M | 25M | 27M | 30M | 34M | 39M | 38M | 36M | 45M | 51M | 58M | 65M | 69M |
| Dividend Yield | 0.8% | 0.8% | 0.8% | 0.7% | 0.7% | 0.7% | 0.7% | 0.5% | 0.7% | 0.8% | 0.6% | 0.5% | 0.2% |
| Share Buybacks | 143M | 159M | 126M | 72M | 0 | 110M | 13M | 33M | 485M | 126M | 391M | 173M | 449M |
| Buyback Yield | 4.6% | 6.4% | 3.4% | 1.5% | N/A | 1.6% | 0.3% | 0.5% | 9.6% | 1.7% | 3.7% | 1.1% | 1.5% |
| Stock-Based Comp | 11M | 14M | 15M | 17M | 18M | 18M | 23M | 21M | 20M | 23M | 33M | 32M | 33M |
| Debt Repayment | 300M | 0 | 107M | 412K | 421K | 144M | 1.6M | 102M | 797K | 779K | 76M | 86M | 86M |
| Balance Sheet | |||||||||||||
| Net Debt | 595M | 770M | 641M | 485M | 1.2B | 986M | 685M | 286M | 670M | 584M | 590M | 375M | 622M |
| Cash & Equiv. | 115M | 82M | 81M | 88M | 84M | 99M | 153M | 448M | 108M | 137M | 282M | 327M | 501M |
| Long-Term Debt | 710M | 850M | 577M | 580M | 1.1B | 865M | 737M | 734M | 710M | 646M | 570M | 457M | 453M |
| Debt/Equity | 0.61 | 0.74 | 0.60 | 0.42 | 0.81 | 0.63 | 0.42 | 0.33 | 0.41 | 0.35 | 0.40 | 0.27 | 0.44 |
| Interest Coverage | 11.0 | 10.7 | 9.5 | 8.1 | 6.4 | 8.3 | 8.9 | 8.2 | 6.8 | 6.8 | 10.5 | 12.4 | 12.4 |
| Equity | 1.2B | 1.2B | 1.2B | 1.4B | 1.5B | 1.7B | 2.0B | 2.2B | 1.9B | 2.1B | 2.2B | 2.6B | 2.5B |
| Total Assets | 2.4B | 2.5B | 2.6B | 2.8B | 3.8B | 4.0B | 3.9B | 4.1B | 3.8B | 4.0B | 4.4B | 4.6B | 5.0B |
| Total Liabilities | 1.2B | 1.4B | 1.4B | 1.4B | 2.3B | 2.2B | 1.9B | 1.9B | 1.9B | 1.9B | 2.2B | 2.1B | 2.4B |
| Intangibles | 255M | 225M | 198M | 172M | 701M | 612M | 607M | 559M | 461M | 452M | 440M | 428M | 409M |
| Retained Earnings | 1.3B | 1.5B | 1.6B | 1.8B | 2.0B | 2.2B | 2.4B | 2.6B | 2.7B | 2.9B | 3.2B | 3.6B | 3.8B |
| Working Capital | 669M | 609M | 464M | 594M | 524M | 564M | 819M | 1.1B | 773M | 852M | 820M | 977M | 960M |
| Current Assets | 1.0B | 947M | 944M | 1.0B | 1.1B | 1.3B | 1.2B | 1.5B | 1.3B | 1.5B | 1.7B | 1.9B | 2.3B |
| Current Liabilities | 340M | 338M | 481M | 427M | 591M | 707M | 392M | 366M | 539M | 617M | 924M | 907M | 1.3B |
| Per Share Data | |||||||||||||
| EPS | 2.45 | 2.75 | 2.85 | 3.16 | 2.82 | 4.02 | 3.74 | 3.18 | 2.71 | 3.78 | 6.01 | 7.19 | 7.04 |
| Owner EPS | 2.73 | 3.13 | 5.54 | 3.30 | 2.58 | 3.57 | 3.04 | 4.78 | 0.83 | 2.69 | 4.67 | 5.31 | 5.67 |
| Book Value | 17.15 | 17.48 | 19.11 | 21.61 | 24.05 | 26.74 | 31.00 | 33.76 | 30.01 | 33.69 | 35.07 | 41.74 | 34.61 |
| Cash Flow/Share | 4.04 | 4.49 | 6.86 | 4.85 | 4.68 | 6.05 | 5.44 | 7.08 | 3.06 | 5.02 | 7.08 | 7.66 | 8.64 |
| Dividends/Share | 0.32 | 0.38 | 0.43 | 0.49 | 0.55 | 0.63 | 0.61 | 0.57 | 0.73 | 0.85 | 0.97 | 1.09 | 0.95 |
| Shares Out. | 67.7M | 66.0M | 63.5M | 63.5M | 64.0M | 64.6M | 64.3M | 65.6M | 63.4M | 61.5M | 62.1M | 61.5M | 73.0M |
| Valuation | |||||||||||||
| P/E Ratio | 18.4 | 13.6 | 20.5 | 23.4 | 27.4 | 25.8 | 20.4 | 34.8 | 29.6 | 32.8 | 28.2 | 34.6 | 59.5 |
| P/FCF | 46.0 | 262.7 | 14.3 | 21.8 | 28.7 | 22.9 | 16.2 | 17.0 | 36.1 | 32.8 | 30.6 | 44.9 | 78.7 |
| EV/EBIT | 14.1 | 11.9 | 359.8 | 18.6 | 426.0 | 295.5 | 101.3 | 206.7 | 211.4 | 160.2 | 161.0 | 182.5 | N/A |
| Price/Book | 2.6 | 2.1 | 3.1 | 3.4 | 3.2 | 3.9 | 2.5 | 3.3 | 2.7 | 3.7 | 4.8 | 6.0 | 12.1 |
| Price/Sales | 1.4 | 1.5 | 1.5 | 1.9 | 2.0 | 2.0 | 2.2 | 3.3 | 2.8 | 2.2 | 2.8 | 3.5 | 7.6 |
| FCF Yield | 2.2% | 0.4% | 7.0% | 4.6% | 3.5% | 4.4% | 6.2% | 5.9% | 2.8% | 3.0% | 3.3% | 2.2% | 1.3% |
| Market Cap | 3.1B | 2.5B | 3.7B | 4.7B | 4.9B | 6.7B | 4.9B | 7.3B | 5.1B | 7.6B | 10.5B | 15.3B | 30.6B |
| Avg. Price | 41.79 | 45.53 | 49.38 | 64.35 | 73.46 | 91.80 | 87.29 | 112.03 | 104.37 | 104.15 | 150.63 | 201.59 | 419.00 |
| Year-End Price | 45.15 | 37.34 | 58.51 | 73.86 | 77.23 | 103.56 | 76.24 | 110.61 | 80.19 | 123.81 | 169.27 | 248.62 | 419.00 |
Woodward, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Woodward, Inc. trades at 52.8x trailing earnings, compared to its 15-year median P/E of 27.8x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 61.0x vs a median of 25.8x. The company's 5-year average ROIC is 12.1% with a gross margin of 24.6%. Total shareholder yield (dividends + buybacks) is 1.7%. At current prices, the estimated annualized return to fair value is +2.7%.
Woodward, Inc. (WWD) has a net profit margin of 12.4%. This is a healthy margin.
Woodward, Inc. (WWD) generated $340 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Woodward, Inc. (WWD) has a debt-to-equity ratio of 0.27. This indicates a conservatively financed balance sheet.
Woodward, Inc. (WWD) reported earnings per share (EPS) of $7.19 in its most recent fiscal year.
Woodward, Inc. (WWD) has a return on equity (ROE) of 18.6%. This indicates the company generates strong returns for shareholders.
Woodward, Inc. (WWD) has a 5-year average gross margin of 24.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for Woodward, Inc. (WWD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Woodward, Inc. (WWD) has a book value per share of $41.74, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects sustained robust demand across both aerospace and industrial segments into 2026 and beyond, driven by increased aircraft delivery rates, strong defense spending, and data center-driven power generation growth. In aerospace, commercial services are expected to remain solid with continued strength in LEAP and GTF engine repair activity, while defense OEM continues to signal strong demand; the company anticipates LEAP and GTF repair revenue to surpass legacy repair revenue in late calendar 2026 or early 2027. Industrial segment demand is expected to remain strong across power generation, oil and gas, and transportation, with multiple customers recently requesting capacity studies for forecasts extending to 2030 and beyond, primarily driven by data center-related power generation acceleration. The company is making strategic investments in automation, capacity expansion, and operational excellence to support this growth trajectory, including completion of the Spartanburg facility in 2027 and ongoing ERP upgrades, with management noting that while these initiatives are impacting near-term margins, they are critical for positioning the company for sustained long-term growth.
Based on recent SEC filings and earnings calls, Woodward, Inc. (WWD) has provided the following forward guidance: Aerospace sales growth: 21%-24% (FY2026); Aerospace segment margins: 23%-23.5% (FY2026); Industrial sales growth: 18%-20% (FY2026); Industrial segment margins: 18%-18.5% (FY2026); Total Woodward sales growth: 20%-23% (FY2026), plus 4 additional metrics.
Industrial sales growth (FY2026): “Industrial sales growth between 18%-20%, with margins increasing to be between 18%-18.5%.”
Industrial segment margins (FY2026): “Industrial sales growth between 18%-20%, with margins increasing to be between 18%-18.5%.”
Total Woodward sales growth (FY2026): “We now expect total Woodward sales growth between 20%-23% and Adjusted EPS between $9.15 and $9.45.”
Adjusted EPS (FY2026): “We now expect total Woodward sales growth between 20%-23% and Adjusted EPS between $9.15 and $9.45.”
Free cash flow (FY2026): “Free cash flow is still expected to be between $300 million and $350 million, and capital expenditures are still expected to be approximately $290 million.”
Capital expenditures (FY2026): “Free cash flow is still expected to be between $300 million and $350 million, and capital expenditures are still expected to be approximately $290 million.”