15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.4% per year over the past 5 years.
Net income has grown faster than revenue (13.0% vs 7.4% per year).
Free cash flow has grown 2.4% per year over the past 5 years.
Financial health
Total debt ($702M) exceeds cash ($327M); net debt is $375M.
Total debt has grown slower than revenue (-3.5% vs 7.4% per year).
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$3.6B
$442M
26.8%
0.0%
17.2%
9.5%
$340M
$702M
$327M
2024
$3.3B
$373M
26.4%
0.0%
17.1%
8.5%
$343M
$872M
$282M
2023
$2.9B
$232M
23.2%
0.0%
11.2%
5.8%
$232M
$722M
$137M
2022
$2.4B
$172M
22.0%
0.0%
9.0%
4.5%
$141M
$777M
$108M
2021
$2.2B
$209M
24.5%
0.0%
9.4%
5.1%
$427M
$735M
—
2020
$2.5B
$240M
25.7%
0.0%
12.1%
6.2%
$302M
$838M
—
2019
$2.9B
$260M
24.4%
0.0%
15.0%
6.6%
$292M
$1.1B
—
2018
$2.3B
$180M
25.9%
0.0%
11.7%
4.8%
$172M
$1.2B
$84M
2017
$2.1B
$201M
27.2%
0.0%
14.6%
7.3%
$215M
$580M
$88M
2016
$2.0B
$181M
26.6%
0.0%
14.9%
6.8%
—
$727M
$81M
2015
—
$181M
—
—
15.7%
7.2%
—
$852M
$82M
2014
—
$166M
—
—
14.3%
7.0%
—
$710M
$115M
2013
—
$146M
—
—
—
6.6%
—
$550M
$49M
2012
—
$142M
—
—
—
7.6%
—
$392M
$62M
2011
—
$132M
—
—
—
7.4%
$66M
$425M
$75M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$1.1B
$147M
31.5%
0.0%
5.9%
2.8%
$87M
$1.3B
$475M
Mar '26
$1.1B
$134M
29.0%
0.0%
5.3%
2.7%
$38M
$1.1B
$501M
Dec '25
$996M
$134M
29.3%
0.0%
5.2%
2.8%
$70M
$888M
$454M
Sep '25
$995M
$138M
27.9%
0.0%
5.4%
3.0%
$181M
$702M
$327M
Jun '25
$915M
$108M
27.2%
0.0%
4.4%
2.3%
$99M
$933M
$473M
Mar '25
$884M
$109M
27.2%
0.0%
4.7%
2.4%
$59M
$912M
$364M
Dec '24
$773M
$87M
24.5%
0.0%
3.9%
2.0%
$942000
$902M
$284M
Sep '24
$854M
$83M
24.3%
0.0%
3.8%
1.9%
$118M
$872M
$282M
Jun '24
$848M
$102M
27.1%
0.0%
4.7%
2.4%
$137M
$923M
$308M
Mar '24
$835M
$98M
28.1%
0.0%
4.2%
2.2%
$83M
$791M
$317M
Dec '23
$787M
$90M
26.0%
0.0%
4.1%
2.2%
$5M
$719M
$144M
Sep '23
$777M
$83M
24.4%
0.0%
4.0%
2.1%
$134M
$722M
$137M
Jun '23
$801M
$85M
25.5%
0.0%
4.1%
2.1%
$102M
$751M
$114M
Mar '23
$718M
$36M
22.1%
0.0%
1.8%
0.9%
$15M
$859M
$129M
Dec '22
$619M
$30M
20.4%
0.0%
1.5%
0.8%
-$19M
$834M
$99M
Sep '22
$640M
$54M
21.2%
0.0%
2.8%
1.4%
$92M
$777M
$108M
Jun '22
$614M
$39M
21.8%
0.0%
2.1%
1.1%
$23M
$766M
—
Mar '22
$587M
$48M
22.7%
0.0%
2.3%
1.2%
-$209000
$729M
—
Dec '21
$542M
$30M
22.6%
0.0%
1.4%
0.8%
$26M
$730M
—
Sep '21
$570M
$50M
23.5%
0.0%
2.3%
1.2%
$130M
$735M
—
Valuation over time
How the market has priced WWD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 33.5× (Mar '23) to 42.7× (Nov '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 5.3× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is WWD growing its revenue and profit?
Over the past 5 years, Woodward, Inc.'s revenue has grown 7.4% per year, and net income grown 13.0% per year. These are computed facts, not advice.
How much debt does WWD have?
As of FY2025, Woodward, Inc. reported $702M of total debt against $327M of cash.
What is WWD's profit margin?
In FY2025, gross margin was 26.8%, operating margin —, and net margin 12.4%.
What is WWD's P/E ratio?
Woodward, Inc.'s P/E (TTM) is 34.19 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the WWD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 42.7× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.