MARKETS / NASDAQ / WWD

NASDAQ · ELECTRICAL INDUSTRIAL APPARATUS · LARGE CAP

Woodward, Inc. WWD

18 fiscal years on record · USD · FY2025 reported · SEC filings only

4 YEARS OF DIVIDEND GROWTH

Revenue

$3.6B

▲ 7.3% YoY

Net income

$442.1M

▲ 18.5% YoY

Free cash flow

$340.4M

▼ 0.7% YoY

In brief

What this company does

Woodward, Inc. is an independent designer, manufacturer, and services provider of control solutions for the aerospace and industrial markets. It operates manufacturing and assembly plants primarily in the United States, Europe, and Asia. Sales to its five largest customers represented approximately 36% of its consolidated net sales for the fiscal year ended September 30, 2025 and 35% in the fiscal year ended September 30, 2024. As of October 31, 2025, it employed approximately 10,200 full-time members, of which approximately 30% were located outside of the United States, with the majority of such members located in Germany, Poland, and China. It serves the aerospace and industrial markets through two reportable segments: Aerospace and Industrial. Woodward was established in 1870, incorporated in 1902, and is headquartered in Fort Collins, Colorado.

Written from the business description in WOODWARD, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 25 November 2025. Every sentence was checked against that document before publication.

Growth

USD 3.6B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.6 · Net income 0.4

Compound annual growth

Revenue

+14.4%

+7.4%

+5.8%

+6.2%

Net income

+37.1%

+13.0%

+9.3%

+9.7%

EPS, diluted

+38.4%

+14.0%

+10.1%

+10.6%

Dividend / share

+14.2%

+12.5%

+11.1%

+10.6%

Returned to shareholders

−29.1%

+66.9%

+1.4%

+27.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +7.4% a year over five years — but profit grew faster: net income at +13.0%, earnings per share at +14.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 14.6% · Net 12.4%

ROE

FY2025 · ROE 18.6%

Gross margin26.8%

Operating margin14.6%

Net margin12.4%

Return on assets9.8%

EBITDAUSD 634.7M

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders

USD 172.9M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 340.4

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 172.9

Dividends paid—

Net buybacksUSD 172.9M

Share of profit39.1%

Consecutive raises4 years

USD 172.9M in buybacks — 39% of the year's profit went back to shareholders.

Total assetsUSD 4.6B

EquityUSD 2.6B

CashUSD 327.4M

Gross debtUSD 579.9M

Net debtUSD 252.5M

Current ratio2.08×

Net debt stands at 10% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	3.6	3.3	2.9	2.4	2.2	2.5	2.9	2.3	2.1	2.0	2.0	2.0	1.9	1.9	1.7	1.5	1.4	1.3
Operating income $B	0.5	0.5	0.3	0.2	0.2	0.3	0.3	0.2	0.3	0.2	0.2	0.2	·	·	·	·	·	·
EBITDA $B	0.6	0.6	0.4	0.3	0.4	0.4	0.5	0.3	0.3	0.3	0.3	0.3	·	·	·	·	·	·
Income tax $B	0.1	0.1	0.0	0.0	0.0	0.0	0.1	0.0	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.1
Net income $B	0.4	0.4	0.2	0.2	0.2	0.2	0.3	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	0.3	0.3	0.2	0.1	0.4	0.3	0.3	0.2	0.2	0.3	0.0	0.1	0.1	0.1	0.1	0.2	0.2	0.1
EPS, diluted $	7.19	6.01	3.78	2.71	3.18	3.74	4.02	2.82	3.16	2.85	2.75	2.45	2.10	2.01	1.89	1.59	1.37	1.75
Dividend / sh $	1.09	0.97	0.85	0.73	0.57	0.60	0.63	0.55	0.48	0.43	0.38	0.32	0.32	0.31	0.27	0.24	0.24	0.23
Payout %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	18.6	17.6	11.7	8.3	9.9	12.9	15.9	12.4	15.5	15.3	15.7	14.3	·	·	16.5	14.7	13.3	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectrical Industrial Apparatus

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsSeptember 30

Data on record since2008