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Side-by-side financial comparison of Digital Realty (DLR) and Woodward, Inc. (WWD). Click either name above to swap in a different company.

Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× Woodward, Inc.). Woodward, Inc. runs the higher net margin — 12.3% vs 6.0%, a 6.3% gap on every dollar of revenue. On growth, Woodward, Inc. posted the faster year-over-year revenue change (23.4% vs 16.1%). Over the past eight quarters, Woodward, Inc.'s revenue compounded faster (13.4% CAGR vs 9.8%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

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.

DLR vs WWD — Head-to-Head

Bigger by revenue
DLR
DLR
1.5× larger
DLR
$1.6B
$1.1B
WWD
Growing faster (revenue YoY)
WWD
WWD
+7.3% gap
WWD
23.4%
16.1%
DLR
Higher net margin
WWD
WWD
6.3% more per $
WWD
12.3%
6.0%
DLR
Faster 2-yr revenue CAGR
WWD
WWD
Annualised
WWD
13.4%
9.8%
DLR

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
DLR
DLR
WWD
WWD
Revenue
$1.6B
$1.1B
Net Profit
$98.6M
$134.0M
Gross Margin
29.0%
Operating Margin
6.9%
15.4%
Net Margin
6.0%
12.3%
Revenue YoY
16.1%
23.4%
Net Profit YoY
-10.3%
22.9%
EPS (diluted)
$0.22
$2.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DLR
DLR
WWD
WWD
Q1 26
$1.6B
$1.1B
Q4 25
$1.6B
$996.5M
Q3 25
$1.6B
$995.3M
Q2 25
$1.5B
$915.4M
Q1 25
$1.4B
$883.6M
Q4 24
$1.4B
$772.7M
Q3 24
$1.4B
$854.5M
Q2 24
$1.4B
$847.7M
Net Profit
DLR
DLR
WWD
WWD
Q1 26
$98.6M
$134.0M
Q4 25
$98.6M
$133.7M
Q3 25
$67.8M
$137.6M
Q2 25
$1.0B
$108.4M
Q1 25
$110.0M
$108.9M
Q4 24
$189.6M
$87.1M
Q3 24
$51.2M
$83.3M
Q2 24
$80.2M
$102.1M
Gross Margin
DLR
DLR
WWD
WWD
Q1 26
29.0%
Q4 25
29.3%
Q3 25
27.9%
Q2 25
27.2%
Q1 25
27.2%
Q4 24
24.5%
Q3 24
24.3%
Q2 24
27.1%
Operating Margin
DLR
DLR
WWD
WWD
Q1 26
6.9%
15.4%
Q4 25
6.9%
17.0%
Q3 25
8.8%
16.1%
Q2 25
14.2%
13.9%
Q1 25
13.9%
15.0%
Q4 24
10.1%
13.2%
Q3 24
11.8%
11.9%
Q2 24
0.7%
14.4%
Net Margin
DLR
DLR
WWD
WWD
Q1 26
6.0%
12.3%
Q4 25
6.0%
13.4%
Q3 25
4.3%
13.8%
Q2 25
69.1%
11.8%
Q1 25
7.8%
12.3%
Q4 24
13.2%
11.3%
Q3 24
3.6%
9.7%
Q2 24
5.9%
12.0%
EPS (diluted)
DLR
DLR
WWD
WWD
Q1 26
$0.22
$2.19
Q4 25
$0.22
$2.17
Q3 25
$0.15
$2.23
Q2 25
$2.94
$1.76
Q1 25
$0.27
$1.78
Q4 24
$0.50
$1.42
Q3 24
$0.09
$1.36
Q2 24
$0.20
$1.63

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DLR
DLR
WWD
WWD
Cash + ST InvestmentsLiquidity on hand
$3.5B
$501.2M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$22.9B
$2.5B
Total Assets
$49.4B
$5.0B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
WWD
WWD
Q1 26
$3.5B
$501.2M
Q4 25
$3.5B
$454.2M
Q3 25
$3.3B
$327.4M
Q2 25
$3.6B
$473.2M
Q1 25
$2.3B
$364.1M
Q4 24
$3.9B
$283.7M
Q3 24
$2.2B
$282.3M
Q2 24
$2.3B
$308.3M
Total Debt
DLR
DLR
WWD
WWD
Q1 26
$1.1B
Q4 25
Q3 25
$579.9M
Q2 25
Q1 25
Q4 24
Q3 24
$655.5M
Q2 24
Stockholders' Equity
DLR
DLR
WWD
WWD
Q1 26
$22.9B
$2.5B
Q4 25
$22.9B
$2.6B
Q3 25
$23.0B
$2.6B
Q2 25
$22.9B
$2.5B
Q1 25
$21.3B
$2.3B
Q4 24
$21.3B
$2.2B
Q3 24
$21.2B
$2.2B
Q2 24
$20.5B
$2.2B
Total Assets
DLR
DLR
WWD
WWD
Q1 26
$49.4B
$5.0B
Q4 25
$49.4B
$4.7B
Q3 25
$48.7B
$4.6B
Q2 25
$48.7B
$4.7B
Q1 25
$45.1B
$4.5B
Q4 24
$45.3B
$4.3B
Q3 24
$45.3B
$4.4B
Q2 24
$43.6B
$4.3B
Debt / Equity
DLR
DLR
WWD
WWD
Q1 26
0.43×
Q4 25
Q3 25
0.23×
Q2 25
Q1 25
Q4 24
Q3 24
0.30×
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DLR
DLR
WWD
WWD
Operating Cash FlowLast quarter
$91.0M
Free Cash FlowOCF − Capex
$38.0M
FCF MarginFCF / Revenue
3.5%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
0.68×
TTM Free Cash FlowTrailing 4 quarters
$388.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLR
DLR
WWD
WWD
Q1 26
$91.0M
Q4 25
$719.0M
$114.4M
Q3 25
$652.9M
$233.3M
Q2 25
$641.2M
$125.6M
Q1 25
$399.1M
$77.8M
Q4 24
$769.5M
$34.5M
Q3 24
$566.5M
$141.8M
Q2 24
$573.2M
$153.2M
Free Cash Flow
DLR
DLR
WWD
WWD
Q1 26
$38.0M
Q4 25
$70.3M
Q3 25
$180.9M
Q2 25
$99.1M
Q1 25
$59.4M
Q4 24
$942.0K
Q3 24
$117.7M
Q2 24
$137.3M
FCF Margin
DLR
DLR
WWD
WWD
Q1 26
3.5%
Q4 25
7.1%
Q3 25
18.2%
Q2 25
10.8%
Q1 25
6.7%
Q4 24
0.1%
Q3 24
13.8%
Q2 24
16.2%
Capex Intensity
DLR
DLR
WWD
WWD
Q1 26
4.9%
Q4 25
4.4%
Q3 25
5.3%
Q2 25
2.9%
Q1 25
2.1%
Q4 24
4.3%
Q3 24
2.8%
Q2 24
1.9%
Cash Conversion
DLR
DLR
WWD
WWD
Q1 26
0.68×
Q4 25
7.29×
0.86×
Q3 25
9.63×
1.70×
Q2 25
0.62×
1.16×
Q1 25
3.63×
0.71×
Q4 24
4.06×
0.40×
Q3 24
11.07×
1.70×
Q2 24
7.15×
1.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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