Woodward, Inc.WWD
NasdaqGS•Industrials•Aerospace & Defense
Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. It operates through two segments, Aerospace and Industrial. The Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors, and sensors for aircraft. This segment also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. Its Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, control systems, electronics and software, and sensors used on industrial gas turbines, steam turbines, compressors, and reciprocating engines, as well as aftermarket products and related services. The company primarily serves OEMs and equipment packagers. Woodward, Inc. was founded in 1870 and is headquartered in Fort Collins, Colorado.
Woodward, Inc. (WWD) reported trailing twelve months revenue of $4.00B as of March 2026, a 19.0% increase year-over-year. Quarterly revenue reached $1.09B, reflecting continued top-line momentum.
Woodward, Inc. generated $513.80M in TTM net income, with quarterly EBITDA of $179.28M. The operating margin expanded from 12.2% to 13.7%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (13.7%) and net margin (12.3%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 12.3% a year ago, reflecting increased costs or interest expense.
WWD trades at a P/E of 39.6x (a premium multiple) and a P/S of 5.1x. The price-to-book ratio of 8.1x indicates a significant premium over book value.
The company generated $38.24M in free cash flow over the trailing twelve months, a 35.6% decrease year-over-year, indicating cash generation ability. The balance sheet shows $4.97B in total assets with $453.37M in long-term debt against $2.53B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~12.5%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 17.6% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 5 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~13.7% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation