Woodward, Inc.

Energy
Industrial Machinery/Components
www.woodward.com

Earnings Score
Moat Score
Safety Score

Market Cap $12.96B
PE 34
Debt $750.92M
Cash $364.14M
EV $13.35B
FCF $315.34M

Earnings

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Sales & Net Margins

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Earnings	$381.41M
EBIT	$458.44M
ROE	16%
ROA	10%
FCF	$315.34M
Equity	$2.34B
Growth Stability	73%
PE	33.98
PEG	2.62
PB	5.54
P/FCF	41.1
P/S	3.86
Price/Cash	0.03
Debt/Equity	0.32
Debt/FCF	2.38
Net Margins	12%
Gross Margins	26%
Op. Margins	14%
Earnings CAGR	5%
Sales Growth YoY	6%
Sales Growth QoQ	14%
Sales CAGR	5%
FCF CAGR	4%
Equity CAGR	8%
Earnings Stability	0.29
Earnings Growth YoY	12%
Earnings Growth QoQ	25%
Earnings CAGR 5Y	13%

Sales CAGR 5Y	9%
FCF CAGR 5Y	-5%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	16%
Sales CAGR 3Y	16%
FCF CAGR 3Y	53%
Equity CAGR 3Y	7%
Market Cap	$12.96B
Revenue	$3.36B
Dividend Yield	0%
Payout Ratio	16%
Assets	$4.49B
Total Debt	$750.92M
Cash	$364.14M
Shares Outstanding	59.32M
EV	13.35B
Earnings Score	12%
Moat Score	92%
Safety Score	90%
Final Score	65%
Working Capital	932.22M
Current Ratio	1.95
Gross Profit	$867.47M
Shares Growth 3y	-1%
Equity Growth QoQ	6%
Equity Growth YoY	0%

Assets & ROA

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Stockholders Equity & ROE

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Woodward Inc creates energy control and optimization solutions. The systems and solutions can help evaluate the performance, efficiencies, and emissions of its customers' products. Specifically, the control and optimization solutions are for aerospace, energy, and other industrial markets. Fluid and electrical energy, motions, or other outputs may be monitored or improved with the company's products. Also, Woodward provides aftermarket repair and replacements to enhance support. A majority of sales derive from the United States, but facilities in different regions of the world help assemble and promote its products through various locations.

SEC Filings

Direct access to Woodward, Inc. (WWD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Woodward, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Woodward, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability 29%

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Woodward, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Woodward, Inc..

Years

Calculation mode

= $4.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$315M	$329M	$344M	$360M	$376M	$393M	$410M	$428M	$448M	$468M	$489M	$4.9B
DCF		$300M	$284M	$270M	$257M	$244M	$231M	$220M	$209M	$198M	$188M	$1.9B
Value	$4.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	9%	9%	10%	8%	9%	10%	9%	7%	8%	11%	12%
ROA	-	9%	9%	6%	8%	7%	6%	5%	7%	10%	10%
ROE	-	15%	15%	12%	15%	12%	9%	9%	11%	17%	16%

Good Net Margins (11.84%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	2.81	2.86	7.25	3.73	3.11	1.72	5.52	3.44	2.55	2.38
Debt over Equity	0.74	0.6	0.45	0.81	0.63	0.47	0.33	0.41	0.39	0.4	0.32
Growth Stability	-	-	-	96%	100%	100%	92%	73%	100%	100%	73%

Neutral Debt/FCF ratio (2.38)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.32)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (73%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-1%	4%	11%	25%	-14%	-10%	6%	22%	14%	9%
Earnings YoY growth	-	-0%	11%	-10%	44%	-7%	-13%	-18%	35%	61%	13%
Equity YoY growth	-	5%	13%	12%	12%	15%	11%	-14%	9%	5%	2%
FCF YoY growth	-	32K%	-17%	-20%	69%	4%	41%	-67%	65%	48%	-5%