Woodward, Inc. (WWD) Financial Statements

Executive TeamFinancials
SegmentsShareholders

Woodward financial statements at a glance

Woodward reported revenue of $3.57 billion for fiscal year 2025 (ended September 30, 2025), up 7.3% from fiscal year 2024. Net income was $442.11 million, a net margin of 12.4%, and diluted earnings per share were $7.19.

At the end of fiscal year 2025 it had total assets of $4.63 billion, total liabilities of $2.06 billion and shareholders' equity of $2.57 billion, with cash and short-term investments of $327.43 million and total debt of $722.40 million.

Its operations brought in $471.29 million of cash; capital spending was $130.93 million, leaving free cash flow of $340.37 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended September 30, 2025.

WWD logo

Woodward, Inc.

WWDUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.57B
Prev Year: 3.32B
YoY: +7.3%
Operating Revenue
3.57B
Prev Year: 3.32B
YoY: +7.3%
Normalized EBITDA
657.50M
Prev Year: 606.27M
YoY: +8.4%
Tax Rate for Calcs
0.152
Prev Year: 0
Tax Effect of Unusual Items
3.48M
Prev Year: 2.11M
YoY: +65.3%
Total Unusual Items
22.88M
Prev Year: 11.83M
YoY: +93.4%
Total Unusual Items Excluding Goodwill
22.88M
Prev Year: 11.83M
YoY: +93.4%
Special Income Charges
18.73M
Prev Year: 5.26M
YoY: +256.1%
Gain on Sale of Property, Plant and Equipment
18.73M
Prev Year: 457.0K
YoY: +3998.7%
Equity in Earnings of Affiliates
45.85M
Prev Year: 41.19M
YoY: +11.3%
Gain on Sale of Securities
4.15M
Prev Year: 6.57M
YoY: -36.8%
Cost of Revenue
2.61B
Prev Year: 2.45B
YoY: +6.7%
Gross Profit
956.29M
Prev Year: 876.48M
YoY: +9.1%
Operating Expense
477.39M
Prev Year: 448.18M
YoY: +6.5%
Selling General and Administrative
329.82M
Prev Year: 307.50M
YoY: +7.3%
Research and Development
147.57M
Prev Year: 140.68M
YoY: +4.9%
Operating Income
478.90M
Prev Year: 428.30M
YoY: +11.8%
Net Non Operating Interest Income Expense
-41.50M
Prev Year: -41.50M
YoY: +0.0%
Non-operating Interest Income
4.19M
Prev Year: 6.46M
YoY: -35.1%
Non-operating Interest Expense
45.69M
Prev Year: 47.96M
YoY: -4.7%
Other Income Expense
84.01M
Prev Year: 67.17M
YoY: +25.1%
Other Non-operating Income (expense)
15.28M
Prev Year: 14.15M
YoY: +8.0%
Pre-tax Income
521.41M
Prev Year: 453.97M
YoY: +14.9%
Provision for Income Taxes
79.30M
Prev Year: 81.00M
YoY: -2.1%
Net Income Common Stockholders
442.11M
Prev Year: 372.97M
YoY: +18.5%
Net Income
442.11M
Prev Year: 372.97M
YoY: +18.5%
Net Income Including Non-Controlling Interests
442.11M
Prev Year: 372.97M
YoY: +18.5%
Net Income from Continuing Operations
442.11M
Prev Year: 372.97M
YoY: +18.5%
Diluted NI Available to Com Stockholders
442.11M
Prev Year: 372.97M
YoY: +18.5%
Basic EPS
7.42
Prev Year: 6.21
YoY: +19.5%
Diluted EPS
7.19
Prev Year: 6.01
YoY: +19.6%
Weighted Average Shares (basic)
59.56M
Prev Year: 60.08M
YoY: -0.9%
Weighted Average Shares (diluted)
61.46M
Prev Year: 62.08M
YoY: -1.0%
Total Expenses
3.09B
Prev Year: 2.90B
YoY: +6.6%
Net Income from Continuing and Discontinued Operation
442.11M
Prev Year: 372.97M
YoY: +18.5%
Normalized Income
422.71M
Prev Year: 363.25M
YoY: +16.4%
Interest Income
4.19M
Prev Year: 6.46M
YoY: -35.1%
Interest Expense
45.69M
Prev Year: 47.96M
YoY: -4.7%
Net Interest Income
-41.50M
Prev Year: -41.50M
YoY: +0.0%
EBIT
567.10M
Prev Year: 501.93M
YoY: +13.0%
EBITDA
680.38M
Prev Year: 618.10M
YoY: +10.1%
Reconciled Cost of Revenue
2.61B
Prev Year: 2.45B
YoY: +6.7%
Reconciled Depreciation
113.28M
Prev Year: 116.17M
YoY: -2.5%
Net Income from Continuing Operation Net Minority Interest
442.11M
Prev Year: 372.97M
YoY: +18.5%
Values in USD

Woodward key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$3.6B$3.3B$2.9B$2.4B$2.2B
Gross profit$956.3M$876.5M$677.6M$525.3M$551.1M
Operating income$478.9M$428.3M$275.8M$202.5M$247.1M
Net income$442.1M$373.0M$232.4M$171.7M$208.6M
Diluted EPS$7.19$6.01$3.78$2.71$3.18
Total assets$4.6B$4.4B$4.0B$3.8B$4.1B
Total liabilities$2.1B$2.2B$1.9B$1.9B$1.9B
Shareholders' equity$2.6B$2.2B$2.1B$1.9B$2.2B
Cash and short-term investments$327.4M$282.3M$137.4M$107.8M$446.6M
Total debt$722.4M$895.1M$742.2M$798.9M$749.6M
Operating cash flow$471.3M$439.1M$308.5M$193.6M$464.7M
Capital spending$130.9M$96.3M$76.5M$52.9M$37.7M
Free cash flow$340.4M$342.8M$232.0M$140.8M$427.0M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Woodward's revenue in fiscal year 2025?

$3.57 billion, up 7.3% from $3.32 billion in fiscal year 2024.

How much profit does Woodward make?

Woodward reported net income of $442.11 million for fiscal year 2025 (12.4% of revenue); operating income was $478.90 million.

How much cash and debt does Woodward have?

At the end of fiscal year 2025: cash and short-term investments of $327.43 million and total debt of $722.40 million.

What is Woodward's free cash flow?

$340.37 million in fiscal year 2025 (operating cash flow of $471.29 million minus capital spending of $130.93 million).

MoreWoodward stock overviewWoodward executive teamWoodward shareholdersWoodward revenue by segment
RelatedOther Aircraft Parts and Auxiliary Equipment Manufacturing industryManufacturing sectorGeneral Dynamics financialsMoog financialsDucommun (DCO)Virgin Galactic (SPCE)Butler National (BUKS)Cyberlux (CYBL)
Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
© 2026 DataPorium. All rights reserved.|About & MethodologyPrivacy PolicyTerms of Use
LinkedInLinkedInXXYouTubeYouTube