Woodward, Inc.WWDEarnings & Financial Report
Woodward, Inc. is an American designer, manufacturer, and service provider of control systems and control system components for aircraft, aircraft engines, industrial engines and turbines, power generation and mobile industrial equipment. The company also provides military devices and other equipment for defense.
Revenue
$854.5M
Gross Profit
$207.8M
Operating Profit
$101.5M
Net Profit
$83.3M
Gross Margin
24.3%
Operating Margin
11.9%
Net Margin
9.7%
YoY Growth
10.0%
EPS
$1.36
Woodward, Inc. Q4 FY2024 Financial Summary
Woodward, Inc. reported revenue of $854.5M (up 10.0% YoY) for Q4 FY2024, with a net profit of $83.3M (up 0.8% YoY) (9.7% margin). Cost of goods sold was $646.7M, operating expenses totaled $106.2M.
Key Financial Metrics
| Total Revenue | $854.5M |
|---|---|
| Net Profit | $83.3M |
| Gross Margin | 24.3% |
| Operating Margin | 11.9% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Woodward, Inc. Q4 FY2024 revenue of $854.5M breaks down across 7 segments, led by Commercial OEM at $193.8M (22.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Commercial OEM | $193.8M | 22.7% |
| Commercial Aftermarket | $173.7M | 20.3% |
| Transportation | $130.6M | 15.3% |
| Defense OEM | $125.8M | 14.7% |
| Power Generation | $109.4M | 12.8% |
| Oil And Gas | $61.7M | 7.2% |
| Defense Aftermarket | $59.5M | 7.0% |
Woodward, Inc. Revenue by Segment — Quarterly Trend
Woodward, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Commercial OEM and Commercial Aftermarket) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Commercial OEM | — | $187.9M | — | $175.2M |
| Commercial Aftermarket | — | — | — | $215.5M |
| Transportation | — | $166.3M | $105.4M | $143.7M |
| Defense OEM | — | $138.2M | — | $150.4M |
| Power Generation | — | $122.8M | $163.3M | $109.3M |
Woodward, Inc. Annual Revenue by Year
Woodward, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.6B |
| 2024 | $3.3B |
| 2023 | $2.9B |
| 2022 | $2.4B |
Woodward, Inc. Quarterly Revenue & Net Profit History
Woodward, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $1.1B | +23.4% | $134.0M | 12.3% |
| Q1 FY2026 | $996.5M | +29.0% | $133.7M | 13.4% |
| Q4 FY2025 | $995.3M | +16.5% | $137.6M | 13.8% |
| Q3 FY2025 | $915.4M | +8.0% | $108.4M | 11.8% |
| Q2 FY2025 | $883.6M | +5.8% | $108.9M | 12.3% |
| Q1 FY2025 | $772.7M | -1.8% | $87.1M | 11.3% |
| Q4 FY2024 | $854.5M | +10.0% | $83.3M | 9.7% |
| Q3 FY2024 | $847.7M | +5.9% | $102.1M | 12.0% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $847.7M | $854.5M | $772.7M | $883.6M | $915.4M | $995.3M | $996.5M | $1.09B |
| YoY Growth | 5.9% | 10.0% | -1.8% | 5.8% | 8.0% | 16.5% | 29.0% | 23.4% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.32B | $4.37B | $4.28B | $4.49B | $4.71B | $4.63B | $4.73B | $4.97B |
| Liabilities | $2.16B | $2.19B | $2.07B | $2.16B | $2.24B | $2.06B | $2.15B | $2.44B |
| Equity | $2.16B | $2.18B | $2.21B | $2.34B | $2.47B | $2.57B | $2.59B | $2.53B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $153.2M | $141.8M | $34.5M | $77.8M | $125.6M | $233.3M | $114.4M | $91.0M |