Woodward (WWD) Financials

$217.96 +1.52 (+0.70%)

Closing price 04:00 PM Eastern

Extended Trading

$218.31 +0.35 (+0.16%)

As of 06:05 PM Eastern

Annual Income Statements for Woodward

This table shows Woodward's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Income / (Loss) Attributable to Common Shareholders	373	232	172	209	240	260	180	201	181	181
Consolidated Net Income / (Loss)	373	232	172	209	240	260	180	201	181	181
Net Income / (Loss) Continuing Operations	373	232	172	209	240	260	180	201	181	181
Total Pre-Tax Income	454	276	200	246	282	321	220	253	226	241
Total Operating Income	428	271	206	242	260	337	244	267	239	264
Total Gross Profit	876	678	525	551	640	708	603	571	539	575
Total Revenue	3,324	2,915	2,383	2,246	2,496	2,900	2,326	2,099	2,023	2,038
Operating Revenue	3,324	2,915	2,383	2,246	2,496	2,900	2,326	2,099	2,023	2,038
Total Cost of Revenue	2,448	2,237	1,857	1,695	1,855	2,193	1,723	1,528	1,484	1,463
Operating Cost of Revenue	2,448	2,237	1,857	1,695	1,855	2,193	1,723	1,528	1,484	1,463
Total Operating Expenses	448	407	319	309	380	370	359	304	300	312
Selling, General & Admin Expense	307	270	203	187	218	211	194	177	174	177
Research & Development Expense	141	132	120	117	133	159	148	127	126	134
Other Operating Expenses / (Income)	0.00	0.00	0.00	0.00	-30	-	0.00	-	-	-
Impairment Charge	0.00	0.00	0.00	0.00	38	0.00	0.00	-	-	-
Restructuring Charge	0.00	5.17	-3.42	5.01	22	0.00	17	-	-	-
Total Other Income / (Expense), net	26	5.14	-6.04	3.71	22	-17	-24	-15	-12	-23
Interest Expense	48	48	35	34	36	44	40	36	27	25
Interest & Investment Income	6.46	2.75	1.81	1.50	1.76	1.41	1.67	1.73	2.03	0.79
Other Income / (Expense), net	67	50	27	36	56	26	14	19	12	1.16
Income Tax Expense	81	43	28	37	41	61	39	52	46	59
Basic Earnings per Share	$6.21	$3.88	$2.79	$3.30	$3.86	$4.19	$2.93	$3.27	$2.92	$2.81
Weighted Average Basic Shares Outstanding	60.08M	59.91M	61.52M	63.29M	62.27M	61.95M	61.49M	61.37M	61.89M	64.68M
Diluted Earnings per Share	$6.01	$3.78	$2.71	$3.18	$3.74	$4.02	$2.82	$3.16	$2.85	$2.75
Weighted Average Diluted Shares Outstanding	62.08M	61.48M	63.25M	65.56M	64.21M	64.50M	63.88M	63.51M	63.56M	66.06M
Weighted Average Basic & Diluted Shares Outstanding	59.13M	60.03M	59.76M	63.07M	62.79M	61.97M	61.60M	61.30M	61.90M	64.60M
Cash Dividends to Common per Share	$0.97	$0.85	$0.73	$0.57	$0.61	$0.63	$0.55	$0.49	$0.43	$0.38

This table shows Woodward's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	6/30/2024	3/31/2024	12/31/2023	6/30/2023	3/31/2023	9/30/2022	6/30/2022
Net Income / (Loss) Attributable to Common Shareholders	109	87	102	98	90	85	36	55	39
Consolidated Net Income / (Loss)	109	87	102	98	90	85	36	55	39
Net Income / (Loss) Continuing Operations	109	87	102	98	90	85	36	55	39
Total Pre-Tax Income	133	102	122	121	110	106	40	64	50
Total Operating Income	119	90	117	116	99	104	41	60	55
Total Gross Profit	240	190	230	234	204	204	159	132	134
Total Revenue	884	773	848	835	787	801	718	563	614
Operating Revenue	884	773	848	835	787	801	718	563	614
Total Cost of Revenue	644	583	618	601	582	596	559	431	480
Operating Cost of Revenue	644	583	618	601	582	596	559	431	480
Total Operating Expenses	121	100	113	118	105	100	119	72	79
Selling, General & Admin Expense	84	70	74	81	75	65	76	49	46
Research & Development Expense	37	30	39	36	31	35	38	27	32
Restructuring Charge	0.00	0.00	0.00	0.00	0.00	0.00	5.17	-	0.00
Total Other Income / (Expense), net	14	12	4.65	4.15	11	1.34	-0.30	4.08	-4.93
Interest Expense	12	12	12	12	11	12	13	6.67	8.53
Interest & Investment Income	1.02	1.38	1.73	1.29	1.47	0.52	0.51	0.60	0.35
Other Income / (Expense), net	25	23	14	14	21	13	12	10	3.25
Income Tax Expense	24	15	20	23	20	21	4.73	9.03	11
Basic Earnings per Share	$1.83	$1.47	$1.69	$1.61	$1.50	$1.41	$0.59	$0.87	$0.65
Weighted Average Basic Shares Outstanding	59.43M	59.22M	60.43M	60.43M	60.02M	60.06M	59.81M	61.52M	60.51M
Diluted Earnings per Share	$1.78	$1.42	$1.63	$1.56	$1.46	$1.37	$0.58	$0.84	$0.64
Weighted Average Diluted Shares Outstanding	61.34M	61.14M	62.52M	62.37M	61.85M	61.59M	61.23M	63.25M	62.09M
Weighted Average Basic & Diluted Shares Outstanding	59.50M	59.36M	59.66M	60.92M	-	60.42M	60.04M	59.76M	60.16M

This table details how cash moves in and out of Woodward's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Change in Cash & Equivalents	145	30	-341	295	52	15	-3.96	6.46	-1.11	-33
Net Cash From Operating Activities	439	309	194	465	349	391	299	308	435	296
Net Cash From Continuing Operating Activities	439	309	194	465	349	391	299	308	435	296
Net Income / (Loss) Continuing Operations	373	232	172	209	240	260	180	201	181	181
Consolidated Net Income / (Loss)	373	232	172	209	240	260	180	201	181	181
Depreciation Expense	116	120	121	130	131	142	116	81	69	75
Non-Cash Adjustments To Reconcile Net Income	-22	-11	-43	-19	-43	-32	17	14	261	14
Changes in Operating Assets and Liabilities, net	-28	-33	-55	146	21	21	-14	12	-75	26
Net Cash From Investing Activities	-89	-74	-65	-35	-6.88	-103	-897	-92	-174	-284
Net Cash From Continuing Investing Activities	-89	-74	-65	-35	-6.88	-103	-897	-92	-174	-284
Purchase of Property, Plant & Equipment	-96	-77	-53	-38	-47	-99	-127	-92	-176	-287
Acquisitions	0.00	0.88	-22	0.00	0.00	-	-771	0.00	-	-
Purchase of Investments	-6.77	-6.11	-9.63	-14	-13	-27	-9.32	-8.59	-4.92	0.00
Sale of Property, Plant & Equipment	2.29	0.49	0.04	0.15	30	1.01	1.92	3.74	6.66	2.53
Divestitures	1.80	0.00	6.00	0.00	10	0.00	0.00	-	-	-
Sale and/or Maturity of Investments	9.74	7.69	13	17	13	22	9.09	5.31	-	0.00
Net Cash From Financing Activities	-218	-196	-442	-136	-290	-266	606	-212	-261	-34
Net Cash From Continuing Financing Activities	-218	-196	-442	-136	-290	-266	606	-212	-261	-34
Repayment of Debt	-2,822	-2,393	-886	-176	-1,512	-1,834	-1,692	-1,631	-999	-859
Repurchase of Common Equity	-391	-126	-485	-33	-13	-110	0.00	-72	-126	-159
Payment of Dividends	-58	-51	-45	-36	-38	-39	-34	-30	-27	-25
Issuance of Debt	2,963	2,324	952	74	1,248	1,684	2,330	1,506	874	1,000
Issuance of Common Equity	90	51	22	35	25	36	9.13	14	16	8.40
Effect of Exchange Rate Changes	13	-8.92	-26	2.14	-	-7.00	-13	2.60	-1.55	-11

This table details how cash moves in and out of Woodward's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q1 2024	Q4 2023	Q3 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	9/30/2022	6/30/2022
Net Change in Cash & Equivalents	80	1.46	-26	-8.60	6.90	23	-15	8.14	-109
Net Cash From Operating Activities	78	35	142	153	47	153	115	108	36
Net Cash From Continuing Operating Activities	78	35	142	153	47	153	115	108	36
Net Income / (Loss) Continuing Operations	109	87	83	102	90	83	85	54	39
Consolidated Net Income / (Loss)	109	87	83	102	90	83	85	54	39
Depreciation Expense	28	28	29	29	29	30	30	29	30
Non-Cash Adjustments To Reconcile Net Income	-11	-22	5.52	0.02	-24	29	-33	20	-16
Changes in Operating Assets and Liabilities, net	-48	-58	24	22	-48	11	34	4.60	-18
Net Cash From Investing Activities	28	-32	-21	-19	-42	-19	-19	-36	-17
Net Cash From Continuing Investing Activities	28	-32	-21	-19	-42	-19	-19	-36	-17
Purchase of Property, Plant & Equipment	-18	-34	-24	-16	-42	-19	-13	-16	-13
Divestitures	43	1.44	0.90	0.30	0.00	-	-	-	-
Sale and/or Maturity of Investments	2.89	0.04	0.00	0.01	0.04	-	-0.04	1.25	-
Net Cash From Financing Activities	-37	19	-159	-140	-8.09	-113	-108	-37	-128
Net Cash From Continuing Financing Activities	-37	19	-159	-140	-8.09	-113	-108	-37	-128
Repayment of Debt	-679	-628	-762	-586	-739	-808	-614	-457	-417
Repurchase of Common Equity	-44	-35	-86	-305	0.00	-100	-	-45	-167
Payment of Dividends	-17	-15	-15	-15	-13	-13	-13	-11	-11
Issuance of Debt	682	668	704	720	729	785	507	475	466
Issuance of Common Equity	21	29	-0.27	47	15	24	13	1.61	0.88
Effect of Exchange Rate Changes	12	-20	12	-3.66	9.98	2.93	-4.18	-26	0.14

This table presents Woodward's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Total Assets	4,369	4,010	3,806	4,091	3,903	3,957	3,791	2,757	2,642	2,512
Total Current Assets	1,744	1,469	1,312	1,465	1,211	1,271	1,115	1,021	944	917
Cash & Equivalents	282	137	108	448	153	99	84	88	81	82
Accounts Receivable	770	750	610	523	538	592	432	402	344	322
Inventories, net	609	518	514	420	438	517	550	474	462	448
Current Deferred & Refundable Income Taxes	22	14	5.18	12	29	8.10	6.40	19	20	22
Other Current Assets	60	50	75	61	53	56	43	39	38	44
Other Current Nonoperating Assets	0.00	-	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	941	913	910	951	997	1,059	1,060	922	876	756
Total Noncurrent Assets	1,685	1,628	1,584	1,676	1,695	1,627	1,616	814	822	839
Goodwill	807	791	773	805	808	798	813	557	556	557
Intangible Assets	440	452	461	559	607	612	701	172	198	225
Noncurrent Deferred & Refundable Income Taxes	84	59	23	14	15	18	17	20	20	13
Other Noncurrent Operating Assets	353	325	327	297	265	199	85	66	48	44
Total Liabilities & Shareholders' Equity	4,369	4,010	3,806	4,091	3,903	3,957	3,791	2,757	2,642	2,512
Total Liabilities	2,192	1,939	1,905	1,876	1,911	2,230	2,253	1,386	1,430	1,359
Total Current Liabilities	924	617	539	366	392	707	591	427	481	338
Short-Term Debt	303	76	68	0.73	102	220	154	33	150	2.43
Accounts Payable	287	234	231	171	134	240	226	233	169	173
Accrued Expenses	293	263	206	183	152	228	195	155	157	156
Current Deferred & Payable Income Tax Liabilities	41	44	35	11	4.66	19	17	6.77	4.55	6.56
Other Current Nonoperating Liabilities	0.00	-	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	1,269	1,322	1,366	1,510	1,518	1,522	1,661	958	949	1,021
Long-Term Debt	570	646	710	734	737	865	1,092	580	577	848
Noncurrent Deferred & Payable Income Tax Liabilities	122	133	127	158	164	151	171	33	3.78	56
Other Noncurrent Operating Liabilities	577	543	529	618	618	506	398	345	368	116
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	2,176	2,071	1,901	2,215	1,993	1,727	1,538	1,371	1,213	1,153
Total Preferred & Common Equity	2,176	2,071	1,901	2,215	1,993	1,727	1,538	1,371	1,213	1,153
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,176	2,071	1,901	2,215	1,993	1,727	1,538	1,371	1,213	1,153
Common Stock	397	328	294	262	232	207	186	164	142	131
Retained Earnings	3,223	2,909	2,727	2,601	2,428	2,225	1,967	1,820	1,650	1,495
Treasury Stock	-1,413	-1,098	-1,034	-590	-587	-611	-548	-567	-518	-426
Accumulated Other Comprehensive Income / (Loss)	-33	-71	-93	-66	-90	-103	-75	-53	-66	-51
Other Equity Adjustments	2.66	2.78	6.78	7.95	9.22	9.38	8.43	7.14	5.09	4.32

This table presents Woodward's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q3 2023	Q2 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	6/30/2024	3/31/2024	6/30/2023	3/31/2023	6/30/2022
Total Assets	4,493	4,281	4,320	4,366	4,010	4,012	3,756
Total Current Assets	1,912	1,725	1,788	1,812	1,490	1,471	1,254
Cash & Equivalents	364	284	308	317	114	129	100
Accounts Receivable	832	693	760	832	733	663	588
Inventories, net	635	632	615	580	532	568	504
Current Deferred & Refundable Income Taxes	21	16	52	33	38	33	13
Other Current Assets	61	68	53	50	74	77	49
Other Current Nonoperating Assets	0.00	32	-	-	-	-	-
Plant, Property, & Equipment, net	929	925	918	921	911	920	913
Total Noncurrent Assets	1,652	1,631	1,614	1,633	1,609	1,621	1,589
Goodwill	792	782	795	797	799	799	779
Intangible Assets	412	404	432	443	473	484	485
Noncurrent Deferred & Refundable Income Taxes	86	87	56	59	25	25	13
Other Noncurrent Operating Assets	362	357	331	334	312	313	311
Total Liabilities & Shareholders' Equity	4,493	4,281	4,320	4,366	4,010	4,012	3,756
Total Liabilities	2,156	2,073	2,161	2,037	1,924	1,999	1,846
Total Current Liabilities	980	915	913	692	587	667	424
Short-Term Debt	422	419	361	142	99	206	50
Accounts Payable	269	224	255	259	223	220	195
Accrued Expenses	242	229	248	237	221	206	161
Current Deferred & Payable Income Tax Liabilities	46	39	49	54	43	34	19
Other Current Nonoperating Liabilities	0.00	4.32	-	-	-	-	-
Total Noncurrent Liabilities	1,176	1,158	1,248	1,345	1,337	1,333	1,422
Long-Term Debt	490	483	563	649	651	652	717
Noncurrent Deferred & Payable Income Tax Liabilities	118	116	131	135	138	139	150
Other Noncurrent Operating Liabilities	568	559	554	561	547	542	554
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,338	2,208	2,159	2,329	2,086	2,012	1,910
Total Preferred & Common Equity	2,338	2,208	2,159	2,329	2,086	2,012	1,910
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,338	2,208	2,159	2,329	2,086	2,012	1,910
Common Stock	449	414	394	374	327	322	291
Retained Earnings	3,388	3,296	3,155	3,068	2,839	2,768	2,685
Treasury Stock	-1,451	-1,429	-1,328	-1,054	-1,022	-1,036	-991
Accumulated Other Comprehensive Income / (Loss)	-50	-74	-65	-61	-61	-45	-82
Other Equity Adjustments	1.76	1.75	3.03	3.03	2.82	3.32	6.76

This table displays calculated financial ratios and metrics derived from Woodward's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.06%	22.32%	6.10%	-10.01%	-13.95%	24.69%	10.83%	3.74%	-0.75%	1.85%
EBITDA Growth	38.80%	24.74%	-13.44%	-8.72%	-11.50%	34.90%	1.88%	14.76%	-5.90%	4.01%
EBIT Growth	54.39%	37.95%	-16.50%	-11.82%	-13.02%	40.57%	-9.87%	14.10%	-5.20%	6.11%
NOPAT Growth	54.31%	28.92%	-13.93%	-7.24%	-18.87%	36.21%	-5.45%	11.14%	-3.99%	9.58%
Net Income Growth	60.51%	35.34%	-17.71%	-13.21%	-7.40%	43.92%	-10.04%	10.88%	-0.34%	9.41%
EPS Growth	58.99%	39.48%	-14.78%	-14.97%	-6.97%	42.55%	-10.76%	10.88%	3.64%	12.24%
Operating Cash Flow Growth	42.31%	59.34%	-58.33%	32.96%	-10.53%	30.51%	-2.68%	-29.36%	47.09%	2.61%
Free Cash Flow Firm Growth	67.30%	33.81%	-71.91%	49.18%	-1.85%	143.26%	-446.80%	-31.49%	680.25%	-53.29%
Invested Capital Growth	4.20%	3.28%	2.78%	-6.60%	-1.28%	0.45%	42.38%	2.05%	-3.29%	9.46%
Revenue Q/Q Growth	0.00%	0.00%	3.02%	1.77%	-7.60%	0.60%	5.09%	0.76%	1.42%	-0.14%
EBITDA Q/Q Growth	0.00%	0.00%	-1.33%	-2.28%	-1.98%	37.14%	39.40%	4.69%	3.53%	-1.09%
EBIT Q/Q Growth	0.00%	0.00%	-1.02%	-2.67%	-2.79%	-1.41%	-3.82%	5.20%	4.72%	-1.33%
NOPAT Q/Q Growth	0.00%	0.00%	2.36%	-8.42%	1.05%	-4.22%	9.75%	-1.57%	5.88%	0.58%
Net Income Q/Q Growth	0.00%	0.00%	2.47%	-3.40%	-3.82%	-2.89%	7.31%	-0.46%	7.80%	-0.88%
EPS Q/Q Growth	0.00%	0.00%	3.83%	-3.93%	-3.61%	-3.13%	6.82%	-0.32%	8.37%	0.37%
Operating Cash Flow Q/Q Growth	-2.48%	17.20%	-16.81%	2.13%	-8.94%	9.59%	4.71%	19.81%	-10.60%	7.22%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-39.10%	-0.06%	-18.28%	63.17%	1.78%	33.09%	-6.93%	287.57%
Invested Capital Q/Q Growth	0.00%	0.00%	-0.22%	-3.05%	-2.19%	-4.22%	-0.24%	-0.70%	1.82%	0.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.37%	23.25%	22.05%	24.54%	25.65%	24.40%	25.93%	27.21%	26.65%	28.23%
EBITDA Margin	18.40%	15.12%	14.83%	18.17%	17.91%	17.42%	16.10%	17.51%	15.83%	16.70%
Operating Margin	12.88%	9.29%	8.64%	10.78%	10.41%	11.63%	10.49%	12.74%	11.81%	12.95%
EBIT Margin	14.90%	11.01%	9.76%	12.40%	12.66%	12.52%	11.11%	13.66%	12.42%	13.00%
Profit (Net Income) Margin	11.22%	7.97%	7.21%	9.29%	9.63%	8.95%	7.76%	9.55%	8.94%	8.90%
Tax Burden Percent	82.16%	84.26%	85.89%	84.89%	85.28%	80.97%	82.15%	79.33%	79.85%	75.31%
Interest Burden Percent	91.62%	85.93%	85.93%	88.23%	89.22%	88.27%	84.99%	88.17%	90.15%	90.92%
Effective Tax Rate	17.84%	15.74%	14.11%	15.11%	14.72%	19.03%	17.85%	20.67%	20.15%	24.69%
Return on Invested Capital (ROIC)	12.98%	8.73%	6.98%	7.94%	8.22%	10.09%	8.72%	11.29%	10.09%	10.81%
ROIC Less NNEP Spread (ROIC-NNEP)	16.57%	9.42%	5.89%	8.58%	10.48%	8.84%	6.34%	9.32%	8.69%	8.28%
Return on Net Nonoperating Assets (RNNOA)	4.58%	2.97%	1.37%	1.98%	4.71%	5.81%	3.68%	4.23%	5.20%	4.88%
Return on Equity (ROE)	17.56%	11.70%	8.34%	9.92%	12.93%	15.90%	12.40%	15.52%	15.29%	15.68%
Cash Return on Invested Capital (CROIC)	8.87%	5.50%	4.23%	14.76%	9.51%	9.64%	-26.25%	9.27%	13.43%	1.77%
Operating Return on Assets (OROA)	11.83%	8.21%	5.89%	6.97%	8.04%	9.38%	7.89%	10.62%	9.75%	10.80%
Return on Assets (ROA)	8.90%	5.95%	4.35%	5.22%	6.12%	6.70%	5.51%	7.43%	7.02%	7.39%
Return on Common Equity (ROCE)	17.56%	11.70%	8.34%	9.92%	12.93%	15.90%	12.40%	15.52%	15.29%	15.68%
Return on Equity Simple (ROE_SIMPLE)	17.14%	11.22%	9.03%	9.42%	12.06%	15.03%	11.73%	14.62%	14.91%	15.74%
Net Operating Profit after Tax (NOPAT)	352	228	177	206	222	273	200	212	191	199
NOPAT Margin	10.59%	7.82%	7.42%	9.15%	8.88%	9.42%	8.62%	10.10%	9.43%	9.75%
Net Nonoperating Expense Percent (NNEP)	-3.59%	-0.69%	1.09%	-0.65%	-2.26%	1.25%	2.38%	1.97%	1.40%	2.53%
Cost of Revenue to Revenue	73.63%	76.75%	77.95%	75.46%	74.35%	75.60%	74.07%	72.79%	73.35%	71.77%
SG&A Expenses to Revenue	9.25%	9.25%	8.52%	8.32%	8.72%	7.28%	8.33%	8.45%	8.60%	8.69%
R&D to Revenue	4.23%	4.53%	5.03%	5.21%	5.33%	5.49%	6.38%	6.03%	6.24%	6.60%
Operating Expenses to Revenue	13.48%	13.96%	13.40%	13.76%	15.25%	12.77%	15.44%	14.48%	14.84%	15.29%
Earnings before Interest and Taxes (EBIT)	495	321	233	279	316	363	258	287	251	265
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	612	441	353	408	447	505	375	368	320	340
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.69	3.60	2.50	3.18	2,440.45	3.73	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	10.99	9.01	7.10	8.28	8,417.72	20.34	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.07	2.56	1.99	3.13	1,948.59	2.22	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	27.39	32.06	27.63	33.72	20,229.35	24.83	0.00	0.00	0.00	0.00
Dividend Yield	0.57%	0.84%	0.93%	0.51%	0.78%	0.60%	0.71%	0.66%	0.73%	0.99%
Earnings Yield	3.65%	3.12%	3.62%	2.97%	0.00%	4.03%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.91	3.03	2.11	2.93	1,816.25	2.74	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.25	2.76	2.27	3.26	1,948.87	2.56	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	17.67	18.23	15.33	17.94	10,878.71	14.71	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	21.81	25.03	23.27	26.29	15,395.02	20.46	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	30.71	35.23	30.61	35.63	21,954.99	27.21	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.61	26.03	27.96	15.76	13,916.58	19.02	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	44.97	55.92	50.43	19.16	18,983.45	28.47	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.35	0.41	0.33	0.42	0.63	0.81	0.45	0.60	0.74
Long-Term Debt to Equity	0.26	0.31	0.37	0.33	0.37	0.50	0.71	0.42	0.48	0.74
Financial Leverage	0.28	0.32	0.23	0.23	0.45	0.66	0.58	0.45	0.60	0.59
Leverage Ratio	1.97	1.97	1.92	1.90	2.11	2.37	2.25	2.09	2.18	2.12
Compound Leverage Factor	1.81	1.69	1.65	1.68	1.89	2.09	1.91	1.84	1.96	1.93
Debt to Total Capital	28.62%	25.84%	29.02%	24.91%	29.62%	38.59%	44.75%	30.89%	37.49%	42.46%
Short-Term Debt to Total Capital	9.93%	2.72%	2.53%	0.02%	3.59%	7.82%	5.52%	1.64%	7.73%	0.12%
Long-Term Debt to Total Capital	18.69%	23.12%	26.50%	24.89%	26.03%	30.76%	39.24%	29.24%	29.75%	42.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.38%	74.16%	70.98%	75.09%	70.38%	61.41%	55.25%	69.11%	62.51%	57.54%
Debt to EBITDA	1.43	1.64	2.20	1.80	1.88	2.15	3.33	1.67	2.27	2.50
Net Debt to EBITDA	0.96	1.33	1.90	0.70	1.53	1.95	3.10	1.43	2.02	2.26
Long-Term Debt to EBITDA	0.93	1.47	2.01	1.80	1.65	1.71	2.92	1.58	1.80	2.49
Debt to NOPAT	2.48	3.16	4.40	3.58	3.78	3.97	6.22	2.89	3.81	4.28
Net Debt to NOPAT	1.68	2.56	3.79	1.39	3.09	3.61	5.80	2.48	3.39	3.87
Long-Term Debt to NOPAT	1.62	2.83	4.01	3.57	3.33	3.17	5.45	2.74	3.03	4.27
Altman Z-Score	5.19	4.57	3.57	4.24	1,529.16	3.73	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.89	2.38	2.43	4.00	3.09	1.80	1.89	2.39	1.97	2.71
Quick Ratio	1.14	1.44	1.33	2.65	1.76	0.98	0.87	1.15	0.88	1.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	240	144	107	382	256	261	-603	174	254	33
Operating Cash Flow to CapEx	467.18%	405.91%	366.57%	1,237.96%	2,066.28%	398.35%	239.02%	347.13%	257.58%	104.19%
Free Cash Flow to Firm to Interest Expense	5.01	3.00	3.11	11.15	7.15	5.93	-14.91	4.88	9.48	1.31
Operating Cash Flow to Interest Expense	9.16	6.44	5.61	13.55	9.76	8.88	7.40	8.63	16.26	11.90
Operating Cash Flow Less CapEx to Interest Expense	7.20	4.85	4.08	12.46	9.29	6.65	4.30	6.14	9.95	0.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.75	0.60	0.56	0.64	0.75	0.71	0.78	0.78	0.83
Accounts Receivable Turnover	4.37	4.29	4.21	4.23	4.42	5.67	5.58	5.63	6.08	6.09
Inventory Turnover	4.34	4.33	3.98	3.95	3.89	4.11	3.37	3.27	3.26	3.25
Fixed Asset Turnover	3.59	3.20	2.56	2.31	2.43	2.74	2.35	2.33	2.48	3.21
Accounts Payable Turnover	9.38	9.62	9.25	11.11	9.90	9.40	7.51	7.60	8.66	8.76
Days Sales Outstanding (DSO)	83.44	85.15	86.78	86.22	82.60	64.41	65.45	64.87	60.08	59.91
Days Inventory Outstanding (DIO)	84.02	84.20	91.79	92.38	93.91	88.76	108.38	111.73	111.83	112.23
Days Payable Outstanding (DPO)	38.90	37.92	39.44	32.86	36.86	38.85	48.63	48.05	42.15	41.67
Cash Conversion Cycle (CCC)	128.56	131.43	139.13	145.75	139.65	114.32	125.20	128.54	129.76	130.47
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,767	2,655	2,571	2,501	2,678	2,713	2,701	1,897	1,859	1,922
Invested Capital Turnover	1.23	1.12	0.94	0.87	0.93	1.07	1.01	1.12	1.07	1.11
Increase / (Decrease) in Invested Capital	112	84	70	-177	-35	12	804	38	-63	166
Enterprise Value (EV)	10,807	8,033	5,414	7,323	4,863,719	7,431	0.00	0.00	0.00	0.00
Market Capitalization	10,217	7,449	4,744	7,037	4,863,034	6,445	0.00	0.00	0.00	0.00
Book Value per Share	$36.48	$34.28	$31.60	$34.82	$0.03	$27.92	$25.01	$22.35	$19.59	$17.83
Tangible Book Value per Share	$15.58	$13.69	$11.10	$13.37	$0.01	$5.12	$0.39	$10.48	$7.42	$5.74
Total Capital	3,049	2,793	2,679	2,950	2,831	2,812	2,784	1,984	1,940	2,004
Total Debt	872	722	777	735	838	1,085	1,246	613	727	851
Total Long-Term Debt	570	646	710	734	737	865	1,092	580	577	848
Net Debt	590	584	670	286	685	986	1,162	525	646	769
Capital Expenditures (CapEx)	94	76	53	38	17	98	125	89	169	284
Debt-free, Cash-free Net Working Capital (DFCFNWC)	841	791	733	651	767	685	594	539	533	499
Debt-free Net Working Capital (DFNWC)	1,123	928	841	1,099	920	784	677	627	614	582
Net Working Capital (NWC)	820	852	773	1,098	819	564	524	594	464	579
Net Nonoperating Expense (NNE)	-21	-4.33	5.19	-3.15	-19	13	20	12	9.94	17
Net Nonoperating Obligations (NNO)	590	584	670	286	685	986	1,162	525	646	769
Total Depreciation and Amortization (D&A)	116	120	121	130	131	142	116	81	69	75
Debt-free, Cash-free Net Working Capital to Revenue	25.29%	27.13%	30.75%	28.98%	30.73%	23.61%	25.52%	25.68%	26.33%	24.50%
Debt-free Net Working Capital to Revenue	33.78%	31.84%	35.27%	48.94%	36.87%	27.03%	29.12%	29.85%	30.34%	28.54%
Net Working Capital to Revenue	24.67%	29.24%	32.43%	48.91%	32.80%	19.44%	22.51%	28.30%	22.93%	28.42%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.21	$3.88	$2.79	$3.30	$3.86	$4.19	$2.93	$3.27	$2.92	$2.81
Adjusted Weighted Average Basic Shares Outstanding	60.08M	59.91M	61.52M	63.29M	62.27M	61.95M	61.49M	61.37M	61.89M	64.68M
Adjusted Diluted Earnings per Share	$6.01	$3.78	$2.71	$3.18	$3.74	$4.02	$2.82	$3.16	$2.85	$2.75
Adjusted Weighted Average Diluted Shares Outstanding	62.08M	61.48M	63.25M	65.56M	64.21M	64.50M	63.88M	63.51M	63.56M	66.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.13M	60.03M	59.76M	63.07M	62.79M	61.97M	61.78M	61.24M	61.63M	63.21M
Normalized Net Operating Profit after Tax (NOPAT)	352	232	174	210	273	273	214	212	191	199
Normalized NOPAT Margin	10.59%	7.97%	7.30%	9.34%	10.93%	9.42%	9.22%	10.10%	9.43%	9.75%
Pre Tax Income Margin	13.66%	9.46%	8.39%	10.94%	11.29%	11.05%	9.44%	12.04%	11.20%	11.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	10.33	6.70	6.73	8.13	8.82	8.25	6.39	8.04	9.38	10.66
NOPAT to Interest Expense	7.34	4.76	5.12	5.99	6.19	6.21	4.95	5.95	7.12	7.99
EBIT Less CapEx to Interest Expense	8.37	5.11	5.20	7.03	8.35	6.03	3.29	5.56	3.07	-0.77
NOPAT Less CapEx to Interest Expense	5.38	3.17	3.59	4.90	5.71	3.98	1.86	3.46	0.81	-3.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.63%	21.96%	26.20%	17.27%	15.67%	15.05%	18.85%	14.83%	14.71%	13.58%
Augmented Payout Ratio	120.41%	76.35%	308.84%	33.25%	21.22%	57.54%	18.85%	50.62%	84.13%	101.08%

This table displays calculated financial ratios and metrics derived from Woodward's official financial filings.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	6/30/2024	3/31/2024	12/31/2023	6/30/2023	3/31/2023	9/30/2022	6/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	5.78%	-1.78%	5.87%	16.31%	0.00%	30.33%	22.39%	-1.27%	10.36%
EBITDA Growth	7.07%	-5.26%	8.98%	148.89%	0.00%	66.80%	-43.10%	-1.84%	-10.74%
EBIT Growth	9.91%	-5.74%	12.34%	148.89%	0.00%	100.79%	-14.91%	0.71%	-12.46%
NOPAT Growth	3.53%	-5.61%	17.55%	163.33%	0.00%	92.85%	-29.01%	-0.02%	-7.80%
Net Income Growth	11.68%	-3.28%	20.66%	174.72%	0.00%	114.47%	-25.87%	9.69%	-19.27%
EPS Growth	14.10%	-2.74%	18.98%	168.97%	0.00%	114.06%	-21.62%	10.53%	-13.51%
Operating Cash Flow Growth	-20.04%	-26.23%	32.67%	0.00%	0.00%	221.60%	0.00%	-26.67%	-63.70%
Free Cash Flow Firm Growth	-50.57%	0.00%	174.52%	123.95%	0.00%	-234.01%	-317.10%	-108.02%	-77.18%
Invested Capital Growth	2.92%	0.00%	1.89%	2.27%	0.00%	5.68%	6.57%	2.78%	-0.13%
Revenue Q/Q Growth	14.35%	0.00%	1.48%	0.00%	0.00%	11.48%	0.00%	-8.36%	4.68%
EBITDA Q/Q Growth	21.82%	0.00%	22.78%	0.00%	0.00%	180.42%	0.00%	12.24%	-4.34%
EBIT Q/Q Growth	27.49%	0.00%	0.78%	0.00%	0.00%	123.28%	0.00%	19.46%	-5.38%
NOPAT Q/Q Growth	27.12%	0.00%	4.23%	0.00%	0.00%	133.49%	0.00%	18.29%	-14.05%
Net Income Q/Q Growth	25.10%	0.00%	4.63%	0.00%	0.00%	138.23%	0.00%	38.77%	-17.66%
EPS Q/Q Growth	25.35%	0.00%	4.49%	0.00%	0.00%	136.21%	0.00%	31.25%	-13.51%
Operating Cash Flow Q/Q Growth	125.48%	-75.65%	0.00%	0.00%	-69.40%	0.00%	0.00%	199.72%	231.93%
Free Cash Flow Firm Q/Q Growth	100.58%	0.00%	46.43%	0.00%	0.00%	52.93%	0.00%	-139.09%	-23.75%
Invested Capital Q/Q Growth	3.08%	0.00%	-1.05%	0.00%	0.00%	-0.68%	0.00%	-0.22%	0.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	27.17%	24.54%	27.13%	28.06%	25.97%	25.53%	22.15%	23.45%	21.80%
EBITDA Margin	19.40%	18.21%	18.95%	15.67%	18.88%	18.41%	7.32%	17.62%	14.39%
Operating Margin	13.47%	11.61%	13.85%	13.94%	12.59%	13.04%	5.64%	10.60%	8.99%
EBIT Margin	16.28%	14.60%	15.56%	15.67%	15.21%	14.66%	7.32%	12.41%	9.52%
Profit (Net Income) Margin	12.33%	11.27%	12.04%	11.68%	11.45%	10.57%	4.94%	9.72%	6.42%
Tax Burden Percent	81.94%	85.51%	83.60%	80.88%	82.07%	80.01%	88.25%	85.85%	78.44%
Interest Burden Percent	92.44%	90.28%	92.58%	92.18%	91.68%	90.07%	76.54%	91.30%	86.01%
Effective Tax Rate	18.06%	14.49%	16.40%	19.12%	17.93%	19.99%	11.75%	14.15%	21.56%
Return on Invested Capital (ROIC)	13.03%	23.48%	0.00%	0.00%	0.00%	0.00%	0.00%	8.55%	6.33%
ROIC Less NNEP Spread (ROIC-NNEP)	15.27%	26.99%	0.00%	0.00%	0.00%	0.00%	0.00%	9.28%	5.59%
Return on Net Nonoperating Assets (RNNOA)	3.34%	7.22%	0.00%	0.00%	0.00%	0.00%	0.00%	2.16%	1.42%
Return on Equity (ROE)	16.38%	30.70%	0.00%	0.00%	0.00%	0.00%	0.00%	10.71%	7.74%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.23%	6.84%
Operating Return on Assets (OROA)	12.34%	11.29%	0.00%	0.00%	0.00%	0.00%	0.00%	7.49%	5.61%
Return on Assets (ROA)	9.35%	8.71%	0.00%	0.00%	0.00%	0.00%	0.00%	5.87%	3.79%
Return on Common Equity (ROCE)	16.38%	30.70%	0.00%	0.00%	0.00%	0.00%	0.00%	10.71%	7.74%
Return on Equity Simple (ROE_SIMPLE)	16.32%	16.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.77%
Net Operating Profit after Tax (NOPAT)	98	77	98	94	81	84	36	51	43
NOPAT Margin	11.04%	9.93%	11.58%	11.28%	10.33%	10.43%	4.98%	9.10%	7.05%
Net Nonoperating Expense Percent (NNEP)	-2.23%	-3.51%	-0.62%	-0.56%	0.00%	-0.16%	0.04%	-0.73%	0.74%
Return On Investment Capital (ROIC_SIMPLE)	3.00%	2.47%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	72.83%	75.46%	72.87%	71.94%	74.03%	74.47%	77.85%	76.55%	78.20%
SG&A Expenses to Revenue	9.49%	9.02%	8.71%	9.75%	9.47%	8.12%	10.52%	8.74%	7.57%
R&D to Revenue	4.21%	3.91%	4.57%	4.37%	3.91%	4.38%	5.26%	4.71%	5.25%
Operating Expenses to Revenue	13.70%	12.93%	13.28%	14.12%	13.39%	12.49%	16.50%	12.85%	12.81%
Earnings before Interest and Taxes (EBIT)	144	113	132	131	120	117	53	70	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	171	141	161	131	149	147	53	99	88
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.63	4.46	4.91	0.00	0.00	3.39	2.86	2.50	2.88
Price to Tangible Book Value (P/TBV)	9.56	9.63	11.38	0.00	0.00	8.70	7.90	7.10	8.53
Price to Revenue (P/Rev)	3.23	2.97	0.00	0.00	0.00	0.00	0.00	1.99	2.38
Price to Earnings (P/E)	28.40	26.59	0.00	0.00	0.00	0.00	0.00	27.63	32.87
Dividend Yield	0.56%	0.60%	0.54%	0.59%	0.65%	0.86%	1.02%	0.93%	0.78%
Earnings Yield	3.52%	3.76%	0.00%	0.00%	0.00%	0.00%	0.00%	3.62%	3.04%
Enterprise Value to Invested Capital (EV/IC)	3.94	3.74	4.05	0.00	0.00	2.83	2.37	2.11	2.40
Enterprise Value to Revenue (EV/Rev)	3.39	3.16	0.00	0.00	0.00	0.00	0.00	2.27	2.67
Enterprise Value to EBITDA (EV/EBITDA)	18.50	17.32	0.00	0.00	0.00	0.00	0.00	15.33	17.25
Enterprise Value to EBIT (EV/EBIT)	22.69	21.41	0.00	0.00	0.00	0.00	0.00	23.27	26.28
Enterprise Value to NOPAT (EV/NOPAT)	32.45	30.10	0.00	0.00	0.00	0.00	0.00	30.61	35.73
Enterprise Value to Operating Cash Flow (EV/OCF)	27.94	24.50	24.92	0.00	0.00	29.32	35.31	27.96	26.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	50.43	35.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.41	0.43	0.34	0.00	0.36	0.43	0.41	0.40
Long-Term Debt to Equity	0.21	0.22	0.26	0.28	0.00	0.31	0.32	0.37	0.38
Financial Leverage	0.22	0.27	0.29	0.28	0.00	0.33	0.31	0.23	0.25
Leverage Ratio	1.90	1.94	1.96	1.93	0.00	1.94	1.94	1.92	1.91
Compound Leverage Factor	1.76	1.75	1.82	1.78	0.00	1.75	1.49	1.75	1.64
Debt to Total Capital	28.06%	29.00%	29.95%	25.35%	0.00%	26.47%	29.91%	29.02%	28.64%
Short-Term Debt to Total Capital	12.99%	13.47%	11.70%	4.55%	0.00%	3.50%	7.19%	2.53%	1.86%
Long-Term Debt to Total Capital	15.07%	15.53%	18.25%	20.80%	0.00%	22.97%	22.72%	26.50%	26.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.94%	71.00%	70.05%	74.65%	0.00%	73.53%	70.09%	70.98%	71.36%
Debt to EBITDA	1.48	1.49	0.00	0.00	0.00	0.00	0.00	2.20	2.14
Net Debt to EBITDA	0.89	1.02	0.00	0.00	0.00	0.00	0.00	1.90	1.86
Long-Term Debt to EBITDA	0.80	0.80	0.00	0.00	0.00	0.00	0.00	2.01	2.00
Debt to NOPAT	2.60	2.60	0.00	0.00	0.00	0.00	0.00	4.40	4.43
Net Debt to NOPAT	1.56	1.78	0.00	0.00	0.00	0.00	0.00	3.79	3.86
Long-Term Debt to NOPAT	1.40	1.39	0.00	0.00	0.00	0.00	0.00	4.01	4.15
Altman Z-Score	5.17	5.01	0.00	0.00	0.00	0.00	0.00	3.43	3.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.95	1.89	1.96	2.62	0.00	2.54	2.21	2.43	2.95
Quick Ratio	1.22	1.07	1.17	1.66	0.00	1.44	1.19	1.33	1.62
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	16	-2,722	47	32	0.00	-63	-133	-18	47
Operating Cash Flow to CapEx	422.59%	102.81%	966.08%	0.00%	111.90%	900.92%	0.00%	684.44%	277.15%
Free Cash Flow to Firm to Interest Expense	1.33	-220.60	4.06	2.77	0.00	-5.15	-10.37	-2.74	5.48
Operating Cash Flow to Interest Expense	6.55	2.80	13.30	0.00	4.09	9.49	0.00	16.13	4.21
Operating Cash Flow Less CapEx to Interest Expense	5.00	0.08	11.93	0.00	0.44	8.43	0.00	13.77	2.69
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.77	0.00	0.00	0.00	0.00	0.00	0.60	0.59
Accounts Receivable Turnover	4.04	4.78	0.00	0.00	0.00	0.00	0.00	4.21	3.99
Inventory Turnover	4.10	3.87	0.00	0.00	0.00	0.00	0.00	3.98	3.84
Fixed Asset Turnover	3.63	3.58	0.00	0.00	0.00	0.00	0.00	2.56	2.48
Accounts Payable Turnover	9.44	10.93	0.00	0.00	0.00	0.00	0.00	9.25	9.98
Days Sales Outstanding (DSO)	90.38	76.37	0.00	0.00	0.00	0.00	0.00	86.78	91.49
Days Inventory Outstanding (DIO)	89.01	94.21	0.00	0.00	0.00	0.00	0.00	91.79	94.97
Days Payable Outstanding (DPO)	38.68	33.40	0.00	0.00	0.00	0.00	0.00	39.44	36.58
Cash Conversion Cycle (CCC)	140.70	137.19	0.00	0.00	0.00	0.00	0.00	139.13	149.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	2,885	2,799	2,774	2,804	0.00	2,723	2,741	2,571	2,576
Invested Capital Turnover	1.18	2.37	0.00	0.00	0.00	0.00	0.00	0.94	0.90
Increase / (Decrease) in Invested Capital	82	2,799	51	62	0.00	146	169	70	-3.48
Enterprise Value (EV)	11,380	10,459	11,221	0.00	0.00	7,718	6,486	5,414	6,175
Market Capitalization	10,833	9,841	10,606	0.00	8,174	7,081	5,757	4,744	5,509
Book Value per Share	$39.38	$37.35	$35.44	$38.55	$0.00	$34.74	$33.69	$31.60	$31.49
Tangible Book Value per Share	$19.09	$17.29	$15.30	$18.03	$0.00	$13.56	$12.21	$11.10	$10.65
Total Capital	3,249	3,111	3,082	3,120	0.00	2,837	2,871	2,679	2,676
Total Debt	912	902	923	791	0.00	751	859	777	766
Total Long-Term Debt	490	483	563	649	0.00	651	652	710	717
Net Debt	548	618	615	474	0.00	637	729	670	667
Capital Expenditures (CapEx)	18	34	16	0.00	42	13	0.00	16	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	990	945	927	945	0.00	889	881	733	779
Debt-free Net Working Capital (DFNWC)	1,354	1,229	1,236	1,262	0.00	1,003	1,010	841	879
Net Working Capital (NWC)	932	810	875	1,120	0.00	904	804	773	829
Net Nonoperating Expense (NNE)	-11	-10	-3.89	-3.35	-8.76	-1.07	0.26	-3.51	3.87
Net Nonoperating Obligations (NNO)	548	591	615	474	0.00	637	729	670	667
Total Depreciation and Amortization (D&A)	28	28	29	0.00	29	30	0.00	29	30
Debt-free, Cash-free Net Working Capital to Revenue	29.48%	28.55%	0.00%	0.00%	0.00%	0.00%	0.00%	30.75%	33.69%
Debt-free Net Working Capital to Revenue	40.32%	37.12%	0.00%	0.00%	0.00%	0.00%	0.00%	35.27%	38.00%
Net Working Capital to Revenue	27.76%	24.46%	0.00%	0.00%	0.00%	0.00%	0.00%	32.43%	35.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.83	$1.47	$1.69	$1.61	$0.00	$1.41	$0.59	$0.87	$0.65
Adjusted Weighted Average Basic Shares Outstanding	59.43M	59.22M	60.43M	60.43M	0.00	60.06M	59.81M	61.52M	60.51M
Adjusted Diluted Earnings per Share	$1.78	$1.42	$1.63	$1.56	$0.00	$1.37	$0.58	$0.84	$0.64
Adjusted Weighted Average Diluted Shares Outstanding	61.34M	61.14M	62.52M	62.37M	0.00	61.59M	61.23M	63.25M	62.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.50M	59.36M	59.66M	60.92M	0.00	60.42M	60.04M	59.76M	60.16M
Normalized Net Operating Profit after Tax (NOPAT)	98	77	98	94	81	84	40	51	43
Normalized NOPAT Margin	11.04%	9.93%	11.58%	11.28%	10.33%	10.43%	5.62%	9.10%	7.05%
Pre Tax Income Margin	15.05%	13.18%	14.40%	14.44%	13.95%	13.21%	5.60%	11.33%	8.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.10	9.14	11.45	11.35	10.47	9.64	4.09	10.47	6.85
NOPAT to Interest Expense	8.20	6.22	8.53	8.17	7.11	6.86	2.79	7.68	5.08
EBIT Less CapEx to Interest Expense	10.55	6.42	10.08	0.00	6.81	8.59	0.00	8.11	5.33
NOPAT Less CapEx to Interest Expense	6.65	3.50	7.15	0.00	3.45	5.81	0.00	5.32	3.56
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.10%	16.18%	0.00%	0.00%	0.00%	0.00%	0.00%	26.20%	26.19%
Augmented Payout Ratio	139.41%	131.39%	0.00%	0.00%	0.00%	0.00%	0.00%	308.84%	308.81%

Frequently Asked Questions About Woodward's Financials

When does Woodward's fiscal year end?

According to the most recent income statement we have on file, Woodward's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has Woodward's net income changed over the last 9 years?

Woodward's net income appears to be on an upward trend, with a most recent value of $372.97 million in 2024, rising from $181.45 million in 2015. The previous period was $232.37 million in 2023. Find out what analysts predict for Woodward in the coming months.

What is Woodward's operating income?

Woodward's total operating income in 2024 was $428.30 million, based on the following breakdown:

Total Gross Profit: $876.48 million
Total Operating Expenses: $448.18 million

How has Woodward revenue changed over the last 9 years?

Over the last 9 years, Woodward's total revenue changed from $2.04 billion in 2015 to $3.32 billion in 2024, a change of 63.1%.

How much debt does Woodward have?

Woodward's total liabilities were at $2.19 billion at the end of 2024, a 13.1% increase from 2023, and a 61.3% increase since 2015.

How much cash does Woodward have?

In the past 9 years, Woodward's cash and equivalents has ranged from $81.09 million in 2016 to $448.46 million in 2021, and is currently $282.27 million as of their latest financial filing in 2024.

How has Woodward's book value per share changed over the last 9 years?

Over the last 9 years, Woodward's book value per share changed from 17.83 in 2015 to 36.48 in 2024, a change of 104.6%.

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This page (NASDAQ:WWD) was last updated on 5/29/2025 by MarketBeat.com Staff

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Woodward (WWD) Financials

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Woodward (WWD) Financials

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