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

UGI CORP is the larger business by last-quarter revenue ($2.7B vs $1.1B, roughly 2.5× Woodward, Inc.). UGI CORP runs the higher net margin — 19.4% vs 12.3%, a 7.1% gap on every dollar of revenue. On growth, Woodward, Inc. posted the faster year-over-year revenue change (23.4% vs 0.7%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% CAGR vs 13.4%).

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

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.

UGI vs WWD — Head-to-Head

Bigger by revenue
UGI
UGI
2.5× larger
UGI
$2.7B
$1.1B
WWD
Growing faster (revenue YoY)
WWD
WWD
+22.7% gap
WWD
23.4%
0.7%
UGI
Higher net margin
UGI
UGI
7.1% more per $
UGI
19.4%
12.3%
WWD
Faster 2-yr revenue CAGR
UGI
UGI
Annualised
UGI
40.9%
13.4%
WWD

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
UGI
UGI
WWD
WWD
Revenue
$2.7B
$1.1B
Net Profit
$520.0M
$134.0M
Gross Margin
29.0%
Operating Margin
9.3%
15.4%
Net Margin
19.4%
12.3%
Revenue YoY
0.7%
23.4%
Net Profit YoY
-2.4%
22.9%
EPS (diluted)
$2.33
$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
UGI
UGI
WWD
WWD
Q1 26
$2.7B
$1.1B
Q4 25
$2.1B
$996.5M
Q3 25
$1.2B
$995.3M
Q2 25
$1.4B
$915.4M
Q1 25
$2.6B
$883.6M
Q4 24
$2.0B
$772.7M
Q3 24
$1.2B
$854.5M
Q2 24
$1.4B
$847.7M
Net Profit
UGI
UGI
WWD
WWD
Q1 26
$520.0M
$134.0M
Q4 25
$297.0M
$133.7M
Q3 25
$-13.0M
$137.6M
Q2 25
$-163.0M
$108.4M
Q1 25
$479.0M
$108.9M
Q4 24
$375.0M
$87.1M
Q3 24
$-273.0M
$83.3M
Q2 24
$-48.0M
$102.1M
Gross Margin
UGI
UGI
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
UGI
UGI
WWD
WWD
Q1 26
9.3%
15.4%
Q4 25
22.0%
17.0%
Q3 25
1.1%
16.1%
Q2 25
-6.8%
13.9%
Q1 25
26.6%
15.0%
Q4 24
24.5%
13.2%
Q3 24
-20.4%
11.9%
Q2 24
5.0%
14.4%
Net Margin
UGI
UGI
WWD
WWD
Q1 26
19.4%
12.3%
Q4 25
14.4%
13.4%
Q3 25
-1.1%
13.8%
Q2 25
-12.0%
11.8%
Q1 25
18.2%
12.3%
Q4 24
18.9%
11.3%
Q3 24
-22.6%
9.7%
Q2 24
-3.6%
12.0%
EPS (diluted)
UGI
UGI
WWD
WWD
Q1 26
$2.33
$2.19
Q4 25
$1.34
$2.17
Q3 25
$-0.08
$2.23
Q2 25
$-0.76
$1.76
Q1 25
$2.19
$1.78
Q4 24
$1.74
$1.42
Q3 24
$-1.26
$1.36
Q2 24
$-0.23
$1.63

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UGI
UGI
WWD
WWD
Q1 26
$501.2M
Q4 25
$251.0M
$454.2M
Q3 25
$335.0M
$327.4M
Q2 25
$350.0M
$473.2M
Q1 25
$426.0M
$364.1M
Q4 24
$240.0M
$283.7M
Q3 24
$213.0M
$282.3M
Q2 24
$183.0M
$308.3M
Total Debt
UGI
UGI
WWD
WWD
Q1 26
$1.1B
Q4 25
$6.0B
Q3 25
$6.5B
$579.9M
Q2 25
$5.7B
Q1 25
$6.6B
Q4 24
$6.6B
Q3 24
$6.4B
$655.5M
Q2 24
$6.3B
Stockholders' Equity
UGI
UGI
WWD
WWD
Q1 26
$2.5B
Q4 25
$5.0B
$2.6B
Q3 25
$4.8B
$2.6B
Q2 25
$4.9B
$2.5B
Q1 25
$5.0B
$2.3B
Q4 24
$4.6B
$2.2B
Q3 24
$4.3B
$2.2B
Q2 24
$4.7B
$2.2B
Total Assets
UGI
UGI
WWD
WWD
Q1 26
$5.0B
Q4 25
$15.8B
$4.7B
Q3 25
$15.5B
$4.6B
Q2 25
$15.4B
$4.7B
Q1 25
$15.7B
$4.5B
Q4 24
$15.4B
$4.3B
Q3 24
$15.1B
$4.4B
Q2 24
$15.1B
$4.3B
Debt / Equity
UGI
UGI
WWD
WWD
Q1 26
0.43×
Q4 25
1.19×
Q3 25
1.37×
0.23×
Q2 25
1.17×
Q1 25
1.32×
Q4 24
1.44×
Q3 24
1.48×
0.30×
Q2 24
1.34×

Cash Flow & Capital Efficiency

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

Metric
UGI
UGI
WWD
WWD
Operating Cash FlowLast quarter
$91.0M
Free Cash FlowOCF − Capex
$38.0M
FCF MarginFCF / Revenue
3.5%
Capex IntensityCapex / Revenue
4.7%
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
UGI
UGI
WWD
WWD
Q1 26
$91.0M
Q4 25
$66.0M
$114.4M
Q3 25
$90.0M
$233.3M
Q2 25
$289.0M
$125.6M
Q1 25
$684.0M
$77.8M
Q4 24
$164.0M
$34.5M
Q3 24
$151.0M
$141.8M
Q2 24
$390.0M
$153.2M
Free Cash Flow
UGI
UGI
WWD
WWD
Q1 26
$38.0M
Q4 25
$-155.0M
$70.3M
Q3 25
$-168.0M
$180.9M
Q2 25
$67.0M
$99.1M
Q1 25
$538.0M
$59.4M
Q4 24
$-47.0M
$942.0K
Q3 24
$-115.0M
$117.7M
Q2 24
$185.0M
$137.3M
FCF Margin
UGI
UGI
WWD
WWD
Q1 26
3.5%
Q4 25
-7.5%
7.1%
Q3 25
-14.4%
18.2%
Q2 25
4.9%
10.8%
Q1 25
20.4%
6.7%
Q4 24
-2.4%
0.1%
Q3 24
-9.5%
13.8%
Q2 24
13.7%
16.2%
Capex Intensity
UGI
UGI
WWD
WWD
Q1 26
4.7%
4.9%
Q4 25
10.7%
4.4%
Q3 25
22.1%
5.3%
Q2 25
16.3%
2.9%
Q1 25
5.5%
2.1%
Q4 24
10.6%
4.3%
Q3 24
22.0%
2.8%
Q2 24
15.2%
1.9%
Cash Conversion
UGI
UGI
WWD
WWD
Q1 26
0.68×
Q4 25
0.22×
0.86×
Q3 25
1.70×
Q2 25
1.16×
Q1 25
1.43×
0.71×
Q4 24
0.44×
0.40×
Q3 24
1.70×
Q2 24
1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UGI
UGI

Utilities$880.0M33%
AmeriGas Propane$759.0M28%
UGI International$621.0M23%
Other$425.0M16%

WWD
WWD

Segment breakdown not available.

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