Industrials · Aerospace & Defense
Price
$433.87
Market Cap
$25.9B
Employees
9,300
Beta
0.89
Avg Volume
783,670
CEO
Charles Blankenship Jr.
Business Description
Woodward, Inc. (WWD) stands as a prominent global entity, specializing in the engineering, production, and maintenance of advanced control solutions for both the aerospace and industrial sectors. The company organizes its operations into two distinct divisions: Aerospace and Industrial. Within its Aerospace segment, Woodward delivers a comprehensive array of crucial components. This includes fuel pumps, metering units, various types of actuators, air and specialized valves, fuel nozzles, and thrust reverser actuation systems, primarily designed for turbine engines and nacelles. Additionally, it provides flight deck controls, servocontrols, motors, and sensors for aircraft applications. These sophisticated offerings are integral to a wide range of platforms, encompassing commercial and private airplanes and rotorcraft, military fixed-wing and rotary-wing aircraft, guided munitions, and diverse defense systems. Beyond initial sales, this segment also offers extensive aftermarket services such as maintenance, repair, and overhaul (MRO) to commercial airlines, repair facilities, military depots, independent repair shops, and direct end-users. Products are supplied to Original Equipment Manufacturers (OEMs), tier-one suppliers, and various contractors, alongside aftermarket sales comprising provisioning spares, replacements, and individual parts. The Industrial segment offers an equally vital portfolio of products, including actuators, valves, pumps, sophisticated fuel injection systems, solenoids, ignition systems, speed control mechanisms, integrated electronics and software solutions, and sensors. These are essential for optimizing the performance of industrial gas turbines, steam turbines, compressors, and reciprocating engines. For its industrial offerings, including aftermarket products and associated services, this segment distributes to OEMs through an established network of independent distributors, as well as directly serving end-users. Woodward, Inc. was established in 1870 and maintains its corporate headquarters in Fort Collins, Colorado.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
58.47
Stock Price: $433.87
EPS (Diluted): 7.42
EPS (Diluted): 7.42
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
5.87
Stock Price: $433.87
Total Equity: $2.57B
Shares: 61,464,000
Total Equity: $2.57B
Shares: 61,464,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
22.70
Market Cap: $25.85B
Total Debt: $702.20M
Cash: $327.43M
EBITDA: $680.38M
Total Debt: $702.20M
Cash: $327.43M
EBITDA: $680.38M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$15.4B
Market Cap: $25.85B
Total Debt: $702.20M
Cash: $327.43M
Total Debt: $702.20M
Cash: $327.43M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
26.8%
Gross Profit: $956.29M
Revenue: $3.57B
Revenue: $3.57B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
14.3%
Operating Income: $511.20M
Revenue: $3.57B
Revenue: $3.57B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
12.4%
Net Income: $442.11M
Revenue: $3.57B
Revenue: $3.57B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
17.2%
Net Income: $442.11M
Total Equity: $2.57B
Total Equity: $2.57B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
14.7%
Operating Income: $511.20M
Tax Rate: 15.2%
Equity: $2.57B
Total Debt: $702.20M
Cash: $327.43M
Tax Rate: 15.2%
Equity: $2.57B
Total Debt: $702.20M
Cash: $327.43M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.08
Current Assets: $1.88B
Current Liabilities: $907.39M
Current Liabilities: $907.39M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.27
Short-Term Debt: $245.23M
Long-Term Debt: $456.97M
Total Debt: $702.20M
Total Equity: $2.57B
Long-Term Debt: $456.97M
Total Debt: $702.20M
Total Equity: $2.57B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$58.04
Revenue: $3.57B
Shares: 61,464,000
Shares: 61,464,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$41.75
Total Equity: $2.57B
Shares: 61,464,000
Shares: 61,464,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$5.54
Operating CF: $471.29M
CapEx: -$130.93M
Shares: 61,464,000
CapEx: -$130.93M
Shares: 61,464,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.4%
Last Dividend: N/A
Stock Price: $433.87
Stock Price: $433.87
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $442.11M
Net Income: $442.11M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WWD against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.4B | $2.9B | $3.3B | $3.6B |
| Cost of Revenue | $1.7B | $1.9B | $2.2B | $2.4B | $2.6B |
| Gross Profit | $551.1M | $525.3M | $677.6M | $876.5M | $956.3M |
| Operating Expenses | $296.7M | $311.2M | $391.2M | $436.4M | $445.1M |
| Operating Income | $254.3M | $214.1M | $286.3M | $440.1M | $511.2M |
| Net Income | $208.6M | $171.7M | $232.4M | $373.0M | $442.1M |
| EBITDA | $409.6M | $355.1M | $443.4M | $618.1M | $680.4M |
| EPS | $3.30 | $2.79 | $3.88 | $6.21 | $7.42 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $446.6M | $107.8M | $137.4M | $282.3M | $327.4M |
| Total Current Assets | $1.5B | $1.3B | $1.5B | $1.7B | $1.9B |
| Total Assets | $4.1B | $3.8B | $4.0B | $4.4B | $4.6B |
| Current Liabilities | $366.3M | $539.1M | $617.2M | $923.5M | $907.4M |
| Long-Term Debt | $734.1M | $705.4M | $643.0M | $569.8M | $457.0M |
| Total Liabilities | $1.9B | $1.9B | $1.9B | $2.2B | $2.1B |
| Total Equity | $2.2B | $1.9B | $2.1B | $2.2B | $2.6B |
| Retained Earnings | $2.6B | $2.7B | $2.9B | $3.2B | $3.6B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $464.7M | $193.6M | $306.3M | $439.1M | $471.3M |
| Capital Expenditure | -$37.7M | -$52.9M | -$76.5M | -$96.3M | -$130.9M |
| Free Cash Flow | $427.0M | $140.8M | $229.8M | $342.8M | $340.4M |
| Acquisitions (net) | $154,000 | -$15.5M | $1.4M | $4.1M | $8.4M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$33.3M | -$485.3M | -$126.4M | -$390.8M | -$172.9M |
| Net Change in Cash | $295.2M | -$340.6M | $29.6M | $144.8M | $45.2M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 10:12am (22h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$4.3B $4.3B – $4.3B
|
$4.7B $4.6B – $4.8B
|
$5.2B $5.2B – $5.2B
|
$5.1B $5.0B – $5.2B
|
| EBITDA |
$741.1M $739.4M – $746.3M
|
$805.9M $795.5M – $818.2M
|
$890.1M $888.7M – $891.5M
|
$873.1M $861.5M – $886.6M
|
| Net Income |
$570.4M $564.5M – $581.7M
|
$651.6M $646.2M – $665.0M
|
$751.7M $725.4M – $845.7M
|
$757.9M $744.7M – $773.1M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +6.1% | +22.3% | +14.1% | +7.3% |
| Gross Profit Growth | -4.7% | +29.0% | +29.4% | +9.1% |
| Operating Income Growth | -15.8% | +33.7% | +53.7% | +16.2% |
| Net Income Growth | -17.7% | +35.3% | +60.5% | +18.5% |
| EBITDA Growth | -13.3% | +24.9% | +39.4% | +10.1% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:37pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-21 | $0.32 | 2026-04-22 | 2026-05-21 | 2026-06-04 |
| 2026-02-19 | $0.32 | 2026-01-28 | 2026-02-19 | 2026-03-05 |
| 2025-11-20 | $0.28 | 2025-09-16 | 2025-11-20 | 2025-12-04 |
| 2025-08-21 | $0.28 | 2025-07-23 | 2025-08-21 | 2025-09-04 |
| 2025-05-22 | $0.28 | 2025-04-24 | 2025-05-22 | 2025-06-05 |
| 2025-02-20 | $0.28 | 2025-02-03 | 2025-02-20 | 2025-03-06 |
| 2024-11-21 | $0.25 | 2024-09-17 | 2024-11-21 | 2024-12-05 |
| 2024-08-22 | $0.25 | 2024-06-27 | 2024-08-22 | 2024-09-05 |
| 2024-05-21 | $0.25 | 2024-04-24 | 2024-05-22 | 2024-06-05 |
| 2024-02-16 | $0.25 | 2024-01-24 | 2024-02-20 | 2024-03-05 |
| 2023-11-17 | $0.22 | 2023-09-25 | 2023-11-20 | 2023-12-04 |
| 2023-08-11 | $0.22 | 2023-07-27 | 2023-08-14 | 2023-08-28 |
| 2023-05-19 | $0.22 | 2023-04-27 | 2023-05-22 | 2023-06-05 |
| 2023-02-17 | $0.22 | 2023-01-30 | 2023-02-21 | 2023-03-07 |
| 2022-11-10 | $0.19 | 2022-09-21 | 2022-11-14 | 2022-11-28 |
| 2022-08-12 | $0.19 | 2022-07-28 | 2022-08-15 | 2022-08-29 |
| 2022-05-16 | $0.19 | 2022-04-28 | 2022-05-17 | 2022-05-31 |
| 2022-02-17 | $0.19 | 2022-01-31 | 2022-02-21 | 2022-03-07 |
| 2021-11-12 | $0.16 | 2021-09-22 | 2021-11-15 | 2021-11-29 |
| 2021-08-13 | $0.16 | 2021-07-29 | 2021-08-16 | 2021-08-30 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WWD — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30