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
$996.5M
Gross Profit
$292.2M
Operating Profit
$169.2M
Net Profit
$133.7M
Gross Margin
29.3%
Operating Margin
17.0%
Net Margin
13.4%
YoY Growth
29.0%
EPS
$2.17
Woodward, Inc. Q1 FY2026 Financial Summary
Woodward, Inc. reported revenue of $996.5M (up 29.0% YoY) for Q1 FY2026, with a net profit of $133.7M (up 53.5% YoY) (13.4% margin). Cost of goods sold was $704.3M, operating expenses totaled $123.0M.
Key Financial Metrics
| Total Revenue | $996.5M |
|---|---|
| Net Profit | $133.7M |
| Gross Margin | 29.3% |
| Operating Margin | 17.0% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Woodward, Inc. Q1 FY2026 revenue of $996.5M breaks down across 7 segments, led by Transferred At Point In Time at $253.6M (25.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred At Point In Time | $253.6M | 25.5% |
| Commercial OEM | $187.9M | 18.9% |
| Transportation | $166.3M | 16.7% |
| Defense OEM | $138.2M | 13.9% |
| Power Generation | $122.8M | 12.3% |
| Oil And Gas | $72.4M | 7.3% |
| Defense Aftermarket | $63.8M | 6.4% |
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 Transferred At Point In Time and Commercial OEM) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Transferred At Point In Time | — | $253.6M | $266.1M | — |
| Commercial OEM | — | $187.9M | — | $175.2M |
| 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 |