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Woodward, Inc.

Rank #359ValueWatchlistCompare with other stocks

WWD · Nasdaq · Industrials

Woodward, Inc. (WWD) — Rank #359 by gross profitability (GP/assets 0.18) · ROE 17.9% · Piotroski F-Score 9 / 9.

As-of 2026-10-30 · CIK 0000108312 · all metrics point-in-time as of the filing date.

About

Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide.

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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.

Industry
Aerospace & Defense
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
September 30

Company Snapshot

P/E and dividend yield are the primary valuation lenses for mature businesses.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

10,200

Industry

Aerospace & Defense

Exchange

Nasdaq

11/11

Flags passed

WWD passes 11/11 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths RPO outpacing revenue · Sequential beat (rev + EPS)

No data Operating margin — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.18
Return on equity
17.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.10
Current ratio
1.65×
Net cash
-$867.08M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.9%

Growth

2/2 pass
Revenue growth
7.3%
Piotroski F-Score
9 / 9
Share dilution
-1.0%

Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).

Profitability

Does it make money well?

No warning flags · GP/assets 17th percentile of 47 SIC 36 peers

Gross profitability (GP / assets)

0.18

Primary signal (Novy-Marx).

17th pctl of 47 SIC 36 peers

Return on equity

17.9%

Gross margin

26.8%

9th pctl of 47 SIC 36 peers

Revenue growth (YoY)

7.3%

RPO growth (YoY)

8.9%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

14.4%

Revenue CAGR (5Y)

7.4%

Earnings CAGR (3Y)

37.1%

FCF CAGR (3Y)

34.2%

Cash Flow Health

Is the cash real?

No warning flags · FCF 23% below net income

Free cash flow

$340.37M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-23.0%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.9%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $867.08M, F-Score 9/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.10

30th pctl of 45 SIC 36 peers (best = lowest)

Current ratio

1.65×

13th pctl of 47 SIC 36 peers

Quick ratio

0.77×

Net cash

-$867.08M

Cash & equivalents minus total debt.

Piotroski F-Score

9 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend(net buybacks)
-1.0%3/5 Good
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
4.7%4/5 Strong

Lifecycle Phase History

20202025
Value
Capital Return
Hypergrowth
Op. Leverage

Price History

WWD+169.3% · +21.9% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports