Woodward (WWD) Financials

$196.08 +0.10 (+0.05%)

Closing price 04:00 PM Eastern

Extended Trading

$196.08 -0.01 (0.00%)

As of 07:36 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	181	181	201	180	260	240	209	172	232	373
Consolidated Net Income / (Loss)	181	181	201	180	260	240	209	172	232	373
Net Income / (Loss) Continuing Operations	181	181	201	180	260	240	209	172	232	373
Total Pre-Tax Income	241	226	253	220	321	282	246	200	276	454
Total Operating Income	264	239	267	244	337	260	242	206	271	428
Total Gross Profit	575	539	571	603	708	640	551	525	678	876
Total Revenue	2,038	2,023	2,099	2,326	2,900	2,496	2,246	2,383	2,915	3,324
Operating Revenue	2,038	2,023	2,099	2,326	2,900	2,496	2,246	2,383	2,915	3,324
Total Cost of Revenue	1,463	1,484	1,528	1,723	2,193	1,855	1,695	1,857	2,237	2,448
Operating Cost of Revenue	1,463	1,484	1,528	1,723	2,193	1,855	1,695	1,857	2,237	2,448
Total Operating Expenses	312	300	304	359	370	380	309	319	407	448
Selling, General & Admin Expense	177	174	177	194	211	218	187	203	270	307
Research & Development Expense	134	126	127	148	159	133	117	120	132	141
Other Operating Expenses / (Income)	-	-	-	0.00	-	-30	0.00	0.00	0.00	0.00
Impairment Charge	-	-	-	0.00	0.00	38	0.00	0.00	0.00	0.00
Restructuring Charge	-	-	-	17	0.00	22	5.01	-3.42	5.17	0.00
Total Other Income / (Expense), net	-23	-12	-15	-24	-17	22	3.71	-6.04	5.14	26
Interest Expense	25	27	36	40	44	36	34	35	48	48
Interest & Investment Income	0.79	2.03	1.73	1.67	1.41	1.76	1.50	1.81	2.75	6.46
Other Income / (Expense), net	1.16	12	19	14	26	56	36	27	50	67
Income Tax Expense	59	46	52	39	61	41	37	28	43	81
Basic Earnings per Share	$2.81	$2.92	$3.27	$2.93	$4.19	$3.86	$3.30	$2.79	$3.88	$6.21
Weighted Average Basic Shares Outstanding	64.68M	61.89M	61.37M	61.49M	61.95M	62.27M	63.29M	61.52M	59.91M	60.08M
Diluted Earnings per Share	$2.75	$2.85	$3.16	$2.82	$4.02	$3.74	$3.18	$2.71	$3.78	$6.01
Weighted Average Diluted Shares Outstanding	66.06M	63.56M	63.51M	63.88M	64.50M	64.21M	65.56M	63.25M	61.48M	62.08M
Weighted Average Basic & Diluted Shares Outstanding	64.60M	61.90M	61.30M	61.60M	61.97M	62.79M	63.07M	59.76M	60.03M	59.13M
Cash Dividends to Common per Share	$0.38	$0.43	$0.49	$0.55	$0.63	$0.61	$0.57	$0.73	$0.85	$0.97

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

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

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

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

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

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

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

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

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

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

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 5/6/2025 by MarketBeat.com Staff

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Woodward (WWD) Financials

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Woodward (WWD) Financials

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