Woodward, Inc. logo WWD - Woodward, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 8
SELL 1
STRONG
SELL
0
| PRICE TARGET: $435.00 DETAILS
HIGH: $470.00
LOW: $408.00
MEDIAN: $433.50
CONSENSUS: $435.00
UPSIDE: 23.80%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Revenue
Revenue 3,567.1 3,324.2 2,914.6 2,382.8 2,245.8 2,495.7 2,900.2 2,325.9 2,098.7 2,023.1 2,038.3 2,001.2 1,936.0 1,865.6 1,711.7 1,457.0 1,430.1 1,258.2 1,042.3 854.5 827.7 709.8 586.7 680.0 678.8 597.4 596.9 490.5 442.2 417.3 379.7 333.2
Cost of Revenue 2,610.8 2,447.8 2,237.0 1,857.5 1,694.8 1,855.4 2,192.7 1,719.7 1,526.1 1,475.5 1,453.7 1,425.8 1,376.3 1,303.3 1,198.2 1,021.5 1,029.1 883.0 728.8 612.3 623.7 542.2 492.2 539.1 511.0 429.5 411.9 333.1 303 281.5 274.7 248.8
Gross Profit 956.3 876.5 677.6 525.3 551.1 640.2 707.5 606.2 572.6 547.5 584.6 575.4 559.7 562.3 513.5 435.5 401.0 375.2 313.5 242.3 204.0 167.6 94.4 140.9 167.8 167.8 185 157.4 139.2 135.8 105.1 84.4
Operating Expenses
R&D Expenses 147.6 140.7 132.1 119.8 117.1 133.1 159.1 148.3 126.5 126.2 134.5 138.0 130.2 143.3 115.6 82.6 78.5 73.4 65.3 59.9 50.0 40.1 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 297.5 295.7 259.1 191.4 179.7 213.6 207.7 189.6 175.2 172.3 177.1 155.3 158.7 164.5 148.9 135.9 128.7 115.4 111.3 92.0 79.9 70.9 65.0 58.8 67.4 77.5 79 79.3 72.3 69.9 70.0 58.6
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36.6 35.1 57.4 6.8 7.5 7.0 7.1 6.9 4.9 3.7 7.1 30.4 32 26.6 22.8 23.4 5.2 3.4
Operating Expenses 445.1 436.4 391.2 311.2 296.7 346.7 366.8 337.9 301.7 298.5 311.6 293.3 289.0 339.0 301.1 253.6 264.6 195.6 184.1 158.8 136.9 117.9 69.9 62.5 74.5 107.9 111 105.9 95.1 93.3 75.1 61.9
Operating Income
Operating Income 511.2 440.1 286.3 214.1 254.3 293.6 340.8 281.5 269.4 253.9 263.9 285.2 279.0 221.7 212.4 182.0 136.4 179.6 129.4 83.4 67.1 49.7 24.5 78.3 93.3 60.0 74 51.5 44.1 42.5 29.9 22.4
Interest Expense 45.7 48.0 47.9 34.5 34.3 35.8 44.0 40.5 35.6 26.8 24.9 22.8 26.7 26.0 25.4 29.4 33.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 4.2 6.5 2.8 1.8 1.5 1.8 1.4 1.7 1.7 2.0 0.8 0.3 0.3 0.5 0.5 0.5 1.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 680.4 556.2 406.1 334.7 383.8 424.7 482.8 397.6 350.3 324.1 339.1 329.0 316.3 290.3 288.2 259.7 220.0 215.0 162.4 112.4 98.6 82.4 54.7 110.4 126.0 90.4 106 78.1 66.9 65.9 53.7 48.6
EBIT 567.1 440.1 286.3 214.1 254.3 293.6 340.8 281.5 269.4 255.0 263.9 251.6 242.0 221.7 213.0 184.3 156.1 179.6 129.4 83.4 67.1 49.7 22.3 78.3 93.3 60.0 74 51.5 44.1 42.5 29.9 22.4
Income Before Tax 521.4 454.0 275.8 199.9 245.8 281.9 320.6 219.6 252.7 226.5 240.9 227.2 199.6 197.8 187.6 154.9 122.4 181.9 132.0 84.5 79.1 49.3 19.9 70.7 86.0 74.2 52 38.3 33.4 35.1 20.2 (5.2)
Income Tax Expense 79.3 81 43.4 28.2 37.1 41.5 61.0 39.2 52.2 45.6 59.5 61.4 53.6 56.2 55.3 43.7 28.1 60.0 33.8 14.6 23.1 17.9 7.6 25.5 32.9 27.2 21.2 16.7 15.3 13 8.2 (1.9)
Net Income 442.1 373.0 232.4 171.7 208.6 240.4 259.6 180.4 200.5 180.8 181.5 165.8 145.9 141.6 132.2 110.8 94.4 121.9 98.2 69.9 56.0 31.4 12.3 42.7 53.1 47.0 30.8 21.6 11.9 22.1 11.9 (3.3)
Per Share Data
EPS (Basic) 7.42 6.21 3.88 2.79 3.30 3.86 4.19 2.93 3.27 2.92 2.81 2.50 2.13 2.06 1.92 1.62 1.39 1.80 1.44 1.01 0.82 0.46 0.18 0.63 0.78 0.70 0.46 0.32 0.04 0.32 0.17 -0.05
EPS (Diluted) 7.19 6.01 3.78 2.71 3.18 3.74 4.03 2.82 3.16 2.85 2.75 2.45 2.10 2.01 1.89 1.59 1.37 1.75 1.40 1.00 0.80 0.45 0.18 0.62 0.77 0.69 0.46 0.32 0.04 0.32 0.17 -0.05
Shares Outstanding 59.6 60.1 59.9 61.5 63.3 62.3 62.0 61.5 61.4 61.9 64.7 66.4 68.4 68.9 68.8 68.5 67.9 67.6 68.3 68.7 68.5 67.7 67.5 68.0 67.9 67.6 67.6 68.0 68.8 69.4 69.7 70.6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Current Assets
Cash & Cash Equivalents 327.4 282.3 137.4 107.8 446.6 153.3 99.1 83.6 87.6 81.1 100.9 109.8 48.9 24.1 29.8 10.5 9.3 10.4 12.4 15 13.1 12.5 10.3
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 831.1 792.1 764.0 615.1 535.1 566.9 599.6 431.8 421.6 364.1 225.9 178.1 99.3 89.6 76.4 102.0 105.2 115.5 108.2 91.8 80.9 81.9 69.8
Inventory 654.6 609.1 517.8 514.3 420.0 437.9 516.8 549.6 473.5 461.7 302.3 208.3 138.7 126.3 127.1 131.2 103.0 104.3 106.4 83.2 92.1 92.8 80.3
Other Current Assets 71.3 60.2 50.2 74.7 61.2 52.8 55.7 49.8 38.6 37.5 67.1 41.8 21.9 19.3 15.3 17.8 16.8 17.2 20 19.7 20 21.9 21.0
Total Current Assets 1,884.4 1,743.6 1,469.5 1,312.0 1,464.7 1,210.9 1,271.2 1,114.8 1,021.2 944.4 696.2 538.1 308.8 259.3 248.7 261.5 234.3 247.4 247 209.7 206.1 209.0 181.3
Non-Current Assets
Property, Plant & Equipment 986.6 940.7 937.8 910.5 950.6 997.4 1,058.8 1,060.0 922.0 876.4 208.9 168.7 117.3 124.1 123.6 130.6 122.5 124.1 130.1 110.9 114.2 118.1 122.9
Goodwill 832.3 806.6 791.5 772.6 805.3 808.3 797.9 813.2 556.5 555.7 442.8 139.6 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 428.1 440.4 452.4 460.6 559.3 606.7 612.0 700.9 171.9 197.7 327.8 66.1 217.3 218.9 182.0 164.8 150.1 156.8 162.2 8.9 9.9 81.9 69.8
Long-Term Investments 73.6 61.2 48.3 37.6 96.3 51.3 28.0 29.3 22.9 12.5 0 0 0 0 0 0 0 0 0 0 0 (4.7) (4.8)
Other Non-Current Assets 306.4 291.9 252.3 289.8 200.7 214.2 170.5 55.8 42.6 35.6 12.5 8.4 6.6 7.2 10.2 11.6 26.9 22.4 24.1 18.6 18.6 4.7 4.8
Total Non-Current Assets 2,745.7 2,625.3 2,540.8 2,494.5 2,626.3 2,692.5 2,685.3 2,675.9 1,735.9 1,697.9 1,000.2 389.0 345.5 356.7 333.7 323.2 299.4 303.3 316.4 138.4 142.7 140.6 142.0
Total Assets 4,630.1 4,368.9 4,010.2 3,806.4 4,091.0 3,903.3 3,956.5 3,790.6 2,757.1 2,642.4 1,696.4 927.0 654.3 616.0 582.4 584.6 533.7 550.7 563.4 348.1 348.8 349.6 323.3
Current Liabilities
Account Payables 289.4 287.5 234.3 230.5 170.9 134.2 240.5 226.3 232.8 169.4 81.1 65.4 35.2 26.7 75.0 91.2 81.3 76.8 82.9 64.8 61.6 50.8 38.0
Short-Term Debt 245.2 302.7 80.4 67.7 0.7 100 220 153.6 32.6 150 45.6 15.6 6.8 35.8 18.2 28.1 43.8 42 37.9 12.9 20.2 35.2 28.9
Deferred Revenue 49.2 56.8 33.7 30.7 29.5 24.6 27.9 9.7 11.1 12.3 8.1 85.6 65.6 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 3.0 2.9 0.1 2.8 2.8 4.7 80.8 92.6 50.3 54.6 92.4 2.2 24.3 0 3.2 18.5 8.3 4.3 6.7 7.2 3.2 0 0
Total Current Liabilities 907.4 923.5 617.2 539.1 366.3 392.3 707.4 591.2 427.2 480.6 262.1 168.8 111.3 108.0 96.4 137.7 133.5 123.1 127.5 84.9 85 92.7 67.5
Non-Current Liabilities
Long-Term Debt 457.0 569.8 643.0 705.4 734.1 736.8 864.9 1,092.4 580.3 577.2 526.8 33.3 88.5 90.0 78.2 77 74.5 139 175.7 17.7 22.7 27.8 32.7
Deferred Tax Liabilities 107.7 121.9 132.8 127.2 157.9 163.6 151.4 170.9 33.4 3.8 86.0 27.5 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 140.1 130.1 110.9 111.5 216.8 236.7 168.8 162.8 107.9 130.0 112.3 67.7 68.7 57.2 52.9 51.0 50.1 46.6 40.1 34.9 33.1 31.2 29.3
Total Non-Current Liabilities 1,156.4 1,269.0 1,322.0 1,366.2 1,510.0 1,518.3 1,522.3 1,661.4 958.5 949.2 725.1 128.5 157.2 147.2 131.1 128.0 124.6 185.6 215.8 52.6 55.8 59.0 61.9
Total Liabilities 2,063.8 2,192.5 1,939.2 1,905.3 1,876.2 1,910.7 2,229.8 2,252.5 1,385.7 1,429.8 987.2 297.4 268.4 255.2 227.5 265.8 258.1 308.7 343.3 137.5 140.8 151.7 129.5
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 0 0 0.2 0.2
Retained Earnings 3,600.4 3,223.3 2,908.6 2,727.2 2,600.5 2,427.9 2,224.9 1,966.6 1,820.3 1,649.5 741.5 663.4 381.5 361.4 359.6 327.3 284.4 247.4 226.7 215.2 207.4 195.6 194.1
Accumulated Other Comprehensive Income (10.4) (32.7) (67.9) (92.6) (65.6) (89.8) (103.3) (74.9) (53.2) (65.7) 9.9 25.6 16.5 14.0 1.4 (2.3) (2.3) 1.9 (221.3) (205.9) (201.9) 16.8 15.2
Total Stockholders' Equity 2,566.4 2,176.4 2,071.0 1,901.1 2,214.8 1,992.7 1,726.7 1,538.1 1,371.4 1,212.6 709.2 629.6 385.9 360.8 354.9 318.9 275.6 242 220.1 210.6 208 197.9 193.8
Total Liabilities & Equity 4,630.1 4,368.9 4,010.2 3,806.4 4,091.0 3,903.3 3,956.5 3,790.6 2,757.1 2,642.4 1,696.4 927.0 654.3 616.0 582.4 584.6 533.7 550.7 563.4 348.1 348.8 349.6 323.3
Debt Metrics
Total Debt 722.4 895.1 748.7 798.9 749.6 853.1 1,084.9 1,246.0 612.9 727.2 572.3 48.9 95.2 125.7 96.4 105.1 118.3 181 213.6 30.6 42.9 63.0 61.6
Net Debt 395.0 612.9 611.2 691.0 303.1 703.3 985.8 1,162.4 525.3 646.1 471.5 (60.9) 46.3 101.7 66.5 94.5 109.0 170.6 201.2 15.6 29.8 50.5 51.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Operating Activities
Net Income 442.1 373.0 232.4 171.7 208.6 240.4 259.6 180.4 200.5 180.8 56.0 31.4 12.3 42.7 53.1 47.0 30.8 21.6 18.1 22.1 11.9 (3.3)
Depreciation & Amortization 113.3 116.2 119.7 120.6 129.5 131.2 142.0 116.1 80.9 69.0 31.5 32.8 32.4 32.1 32.7 30.4 32 26.6 22.8 23.4 23.8 26.1
Stock-Based Compensation 31.7 33.1 0 20.1 21.5 22.9 0 18.2 0 15.1 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (44.7) (38.0) (28.3) (93.8) 121.4 (30.1) (21.0) 16.2 (10.3) (22.5) (13.1) 20.6 1.2 3.1 0.2 0.0 (13.1) (17.7) 4.4 9 (23.0) (2.5)
Other Non-Cash Items (18.7) (0.5) 22.6 (1.8) (4.5) (16.2) 17.8 (1.4) 13.6 245.6 (7.6) 2.4 2.9 4.4 (2.4) 0.5 4.4 6.4 10.8 (1.2) 22.0 25.9
Operating Cash Flow 471.3 439.1 306.3 193.6 464.7 349.5 388.4 299.3 307.5 435.4 69.4 85.2 60.8 91.4 87.0 55.2 59.9 43.1 56.1 52.5 31.3 35.8
Investing Activities
Capital Expenditure (130.9) (96.3) (76.5) (52.9) (37.7) (47.1) (99.1) (127.1) (92.3) (175.7) (26.6) (18.7) (18.8) (22.9) (30.9) (27.4) (22.9) (202.7) (21.2) (21.2) (19.0) (16.5)
Acquisitions 8.4 4.1 1.4 (15.5) 0.2 40.6 1.0 (769.2) 3.7 6.7 3.7 (1.6) (57.7) (25.8) (31.2) 0 0 0 0 0 0 (8.0)
Purchases of Investments 0 (6.8) (6.1) (9.6) (14.3) (13.1) (26.7) (9.3) (8.6) (4.9) 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 2.9 9.7 7.7 12.6 16.6 12.7 22.3 9.1 5.3 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0.8 0.4 0.4 43.2 4.9 (5.2) (7.4) 1.1 0.6 0.6
Investing Cash Flow (119.6) (89.2) (73.6) (65.4) (35.3) (6.9) (102.5) (896.6) (91.9) (173.9) (22.9) (20.3) (75.7) (48.2) (61.7) 15.7 (18) (207.9) (28.6) (20.1) (18.4) (23.9)
Financing Activities
Net Debt Issuance (180.7) 141.2 (67.6) 66.0 (101.6) (264.2) (150.0) 636.4 (124.5) (124.7) 2.0 (30.4) 27.5 (13.9) (13.4) (61.5) (32.1) 177.7 (11.3) (19.7) 0.9 2.3
Stock Repurchased (172.9) (390.8) (126.4) (485.3) (33.3) (13.3) (110.3) 0 (71.8) (125.5) (7.3) (1.5) (9.5) (0.3) 0 (1.8) (1) (5.2) (3.8) (1.7) (3.4) (3.5)
Dividends Paid (65.0) (58.3) (51.0) (45.0) (36.0) (37.7) (39.1) (34.0) (29.7) (26.6) (11.9) (10.8) (10.7) (10.7) (10.5) (10.5) (10.5) (10.5) (10.7) (10.8) (10.8) (11.0)
Other Financing Activities 0 0 0 0 0 0 0 (5.5) 0 0 0 0 0 0 0.3 0.5 0.3 0.4 0.4 0.4 0.4 0.4
Financing Cash Flow (313.9) (218.0) (194.2) (442.4) (136.3) (290.2) (263.4) 606.0 (211.8) (261.0) (10.5) (39.9) 8.3 (24.5) (23.2) (70.8) (43) 162.6 (25.2) (31.4) (11.5) (11.8)
Cash Position
Net Change in Cash 45.2 144.8 29.6 (340.6) 295.2 54.2 15.5 (4.0) 6.5 (1.1) 35.7 24.8 (5.8) 19.3 1.2 (1.1) (2) (2.5) 1.9 0.6 2.2 (0.2)
Cash at Beginning 282.3 137.4 107.8 448.5 153.3 99.1 83.6 87.6 81.1 82.2 48.9 24.1 29.8 10.5 9.3 10.4 12.4 15 13.1 12.5 10.3 10.5
Cash at End 327.4 282.3 137.4 107.8 448.5 153.3 99.1 83.6 87.6 81.1 84.6 48.9 24.1 29.8 10.5 9.3 10.4 12.5 15 13.1 12.5 10.3
Free Cash Flow 340.4 342.8 229.8 140.8 427.0 302.4 289.3 172.2 215.2 259.7 42.8 66.5 42.0 68.5 56.1 27.8 37 (159.6) 34.9 31.3 12.3 19.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Income Statement
Revenue 3,567.1 3,324.2 2,914.6 2,382.8 2,245.8 2,495.7 2,900.2 2,325.9 2,098.7 2,023.1 2,038.3 2,001.2 1,936.0 1,865.6 1,711.7 1,457.0 1,430.1 1,258.2 1,042.3 854.5 827.7 709.8 586.7 680.0 678.8 597.4 596.9 490.5 442.2 417.3 379.7 333.2
Gross Profit 956.3 876.5 677.6 525.3 551.1 640.2 707.5 606.2 572.6 547.5 584.6 575.4 559.7 562.3 513.5 435.5 401.0 375.2 313.5 242.3 204.0 167.6 94.4 140.9 167.8 167.8 185 157.4 139.2 135.8 105.1 84.4
Operating Income 511.2 440.1 286.3 214.1 254.3 293.6 340.8 281.5 269.4 253.9 263.9 285.2 279.0 221.7 212.4 182.0 136.4 179.6 129.4 83.4 67.1 49.7 24.5 78.3 93.3 60.0 74 51.5 44.1 42.5 29.9 22.4
Net Income 442.1 373.0 232.4 171.7 208.6 240.4 259.6 180.4 200.5 180.8 181.5 165.8 145.9 141.6 132.2 110.8 94.4 121.9 98.2 69.9 56.0 31.4 12.3 42.7 53.1 47.0 30.8 21.6 11.9 22.1 11.9 (3.3)
EPS (Diluted) 7.19 6.01 3.78 2.71 3.18 3.74 4.03 2.82 3.16 2.85 2.75 2.45 2.10 2.01 1.89 1.59 1.37 1.75 1.40 1.00 0.80 0.45 0.18 0.62 0.77 0.69 0.46 0.32 0.04 0.32 0.17 -0.05
Balance Sheet
Cash & Equivalents 327.4 282.3 137.4 107.8 446.6 153.3 99.1 83.6 87.6 81.1 100.9 109.8 48.9 24.1 29.8 10.5 9.3 10.4 12.4 15 13.1 12.5 10.3
Total Assets 4,630.1 4,368.9 4,010.2 3,806.4 4,091.0 3,903.3 3,956.5 3,790.6 2,757.1 2,642.4 1,696.4 927.0 654.3 616.0 582.4 584.6 533.7 550.7 563.4 348.1 348.8 349.6 323.3
Total Debt 722.4 895.1 748.7 798.9 749.6 853.1 1,084.9 1,246.0 612.9 727.2 572.3 48.9 95.2 125.7 96.4 105.1 118.3 181 213.6 30.6 42.9 63.0 61.6
Stockholders' Equity 2,566.4 2,176.4 2,071.0 1,901.1 2,214.8 1,992.7 1,726.7 1,538.1 1,371.4 1,212.6 709.2 629.6 385.9 360.8 354.9 318.9 275.6 242 220.1 210.6 208 197.9 193.8
Cash Flow
Operating Cash Flow 471.3 439.1 306.3 193.6 464.7 349.5 388.4 299.3 307.5 435.4 69.4 85.2 60.8 91.4 87.0 55.2 59.9 43.1 56.1 52.5 31.3 35.8
Capital Expenditure (130.9) (96.3) (76.5) (52.9) (37.7) (47.1) (99.1) (127.1) (92.3) (175.7) (26.6) (18.7) (18.8) (22.9) (30.9) (27.4) (22.9) (202.7) (21.2) (21.2) (19.0) (16.5)
Free Cash Flow 340.4 342.8 229.8 140.8 427.0 302.4 289.3 172.2 215.2 259.7 42.8 66.5 42.0 68.5 56.1 27.8 37 (159.6) 34.9 31.3 12.3 19.3