Woodward, Inc.

Electrical Industrial Apparatus

WWDMixed10 of 11 basics passed

$335.51

+3.73%

Market cap $19.8B

$335.51

+3.73%

Market cap $19.8B

Woodward Inc is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It designs, produces, and services reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments.

It is a $19.8B technology company. Revenue grew 22.3% over the last year, it keeps 13¢ of every dollar of sales as profit, and its net debt equals ~0.7 years of free cash flow. It trades at 35.5× earnings — around the middle of its own history.

Website: woodward.com
Location: Fort Collins, CO
Employees: 10 200
Sector: Technology

Share price · 3 years

$128.35 → $335.51+161.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $4.19B
Profit: keeps 13¢ of every $1 sold; $552M
Free cash flow: cash left after running the business; $377M
Net debt: debt minus cash on hand; $252M
P/E: years of profit in the price; 35.5
EPS: earnings per share, TTM; $8.98
Dividend: pays out 13% of profit · 19% of FCF; 0.37%
Shares: down 3% since 2016 — buybacks; 61.5M
Volatility: beta vs the market — under 1 swings less; 0.89

Revenue, last 10 years

52-week range

Low $246.97$335.51High $436.44

Today's price is 47% of the way from the year's low to its high.

P/E vs its history5y

35.9×median 38.1×

Higher than 34% of past days — around the middle of its own history.

Valuation vs own history

P/E

35.9×

66%

P/S

4.7×

17%

EV/EBITDA

30.3×

77%

P/B

8.0×

12%

FCF yield

1.9%

29%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Standing in Technology

Size$19.8Btop 58%
Revenue growth+14%top 39%
Net margin13%top 48%
Return on equity22%top 40%
P/E35.5×top 50%
Dividend yield0.37%top 76%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong growth, profitability and quality; Moat lags behind.

Valuation50

P/E vs own history34th pct · 20/25
FCF yield1.9% · 5/25
P/S4.7x · 20/25
EV/EBITDA25.9x · 5/25

Growth85

Revenue CAGR12.3% · 20/25
Net income CAGR20.7% · 25/25
EPS CAGR ~5Y14.0% · 20/25
Fwd implied growth18.6% · 20/25

Profitability80

ROIC17.0% · 20/25
ROE21.8% · 20/25
Net margin13.2% · 20/25
Operating margin16.0% · 20/25

Health63

Altman Zn/a · 0/25
Current ratio1.65 · 18/25
Interest coverage216.4x · 25/25
Net cash / debtD/A 5% · 20/25

Quality85

Piotroski F9/9 · 25/25
Beneish M-2.35 · 20/25
FCF conversion68% · 15/25
Margin stabilityσ 2.7% · 25/25

Moat49

ROIC >12% years2/10 yrs · 0/25
Median gross margin25.9% · 6/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 7.2% · 18/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$442M net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$2.02B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$29 485 today — price return only

$3.6B revenue in FY2025

Revenue up 22.3% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

10 200 employees

ROIC of 17.0%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 22.3% year over year
Interest covered 216.4× by operating earnings
High returns on invested capital (ROIC 17.0%)
Piotroski F-Score 9/9 — fundamentally strong checklist

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

10 of 11 checks passed

Revenue growing — the company sells more than a year ago+22.3% YoY
Profitable — makes more than it spends$552M TTM
Profit growing — earnings are higher than last year+38.4% YoY
Generates cash — cash left after running and investing$377M TTM
Debt under control — could handle its obligations~0.7y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$19.8B market cap
Not printing shares — share count not ballooning — you keep your slice-4.3% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 43/100
Pays a dividend — returns cash to shareholdersyield 0.37%
Valuation not extreme — price not wildly above earningsP/E 35.5

Peer comparisonWoodward, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
WWD this company	$19.8B	35.5	+22.3%	13.2%	Mixed
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: WWD vs NVDA · WWD vs AAPL · WWD vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 3Buy 11Hold 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $4.19B · net income $552M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$4.19B

YoY 22.3%

Net income (TTM)

$552M

Margin 13.2%

Gross margin

29.5%

Operating margin

16.0%

P/E ratio

35.5

Dividend yield

0.37%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	2.5	2.2	2.4	2.9	3.3	3.6
Gross profit	0.6	0.6	0.5	0.7	0.9	1.0
Operating income (EBIT)	0.3	0.2	0.2	0.3	0.5	0.5
Net income	0.2	0.2	0.2	0.2	0.4	0.4
EPS (diluted)	3.74	3.18	2.71	3.78	6.01	7.19

Cash flowFree cash flow $377M · operating cash flow $585M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$377M

Margin 9.0%

Operating cash flow (TTM)

$585M

FCF margin

9.0%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.3	0.5	0.2	0.3	0.4	0.5
Capital expenditure	-0.0	-0.0	-0.1	-0.1	-0.1	-0.1
Free cash flow	0.3	0.4	0.1	0.2	0.3	0.3
FCF margin	12.1%	19.0%	5.9%	8.0%	10.3%	9.5%

Balance sheetAssets $4.63B · net debt $252M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $4.63B of assets is financed

45%

55%

Liabilities $2.06B — borrowed moneyEquity $2.57B — owners' stake

Cash vs debt

Total debt $579M − cash $327M = net debt $252M

Cash on hand covers 57% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

216.4x

EBIT ÷ interest expense

ROE

21.8%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.2	0.4	0.1	0.1	0.3	0.3
Total assets	3.9	4.1	3.8	4.0	4.4	4.6
Total liabilities	1.9	1.9	1.9	1.9	2.2	2.1
Total debt	0.7	0.7	0.8	0.6	0.8	0.6
Equity	2.0	2.2	1.9	2.1	2.2	2.6
Net debt	0.6	0.3	0.7	0.5	0.5	0.3

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of WWD on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $335.51 · market cap $19.8B.