Woodward, Inc. (WWD) Key Metrics
WWD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $19.40B
- Enterprise value
- $20.15B
- P/E (TTM)
- 36.5 10-yr median 28.6
- Forward P/E
- 31.6
- PEG ratio
- 2.11
- Price / sales
- 4.6 10-yr median 2.4
- Price / book
- 7.8 10-yr median 3.5
- EV / EBITDA
- 23.5 10-yr median 16.3
- Dividend yield
- 0.39% $1.28 a year
- Beta
- 0.86
WWD key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsWWD valuation Price multiples at each fiscal year-end price.
WWD returns How much profit the business earns on the capital it uses.
WWD per-share figures Results divided by the shares outstanding at year-end.
WWD financial health Debt, liquidity and how easily interest is covered.
WWD efficiency & capital use Working capital cycle and where the cash goes.
WWD valuation history
WWD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WWD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WWD cash returned to shareholders
WWD price vs earnings per share
WWD key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $15.53B | $10.65B | $7.64B | $5.08B | $7.42B | $5.15B | $6.95B | $5.17B | $4.93B | $3.97B |
| Enterprise value | $15.93B | $11.26B | $8.25B | $5.77B | $7.72B | $5.85B | $7.94B | $6.33B | $5.45B | $4.62B |
| P/E ratio | 35.1 | 28.5 | 32.9 | 29.6 | 35.6 | 21.4 | 26.8 | 28.6 | 24.6 | 22.0 |
| Price / sales | 4.4 | 3.2 | 2.6 | 2.1 | 3.3 | 2.1 | 2.4 | 2.2 | 2.3 | 2.0 |
| Price / book | 6.1 | 4.9 | 3.7 | 2.7 | 3.4 | 2.6 | 4.0 | 3.4 | 3.6 | 3.3 |
| Price / free cash flow | 45.6 | 31.1 | 32.9 | 36.1 | 17.4 | 17.0 | 24.0 | 30.0 | 22.9 | 15.3 |
| Price / operating cash flow | 33.0 | 24.3 | 24.8 | 26.2 | 16.0 | 14.7 | 17.9 | 17.3 | 16.0 | 9.1 |
| EV / sales | 4.5 | 3.4 | 2.8 | 2.4 | 3.4 | 2.3 | 2.7 | 2.7 | 2.6 | 2.3 |
| EV / EBITDA | 23.4 | 18.2 | 25.1 | 16.2 | 18.9 | 13.8 | 16.4 | 15.9 | 15.6 | 14.2 |
| EV / free cash flow | 46.8 | 32.8 | 35.6 | 41.0 | 18.1 | 19.3 | 27.4 | 36.8 | 25.3 | 17.8 |
| Earnings yield | 2.8% | 3.5% | 3.0% | 3.4% | 2.8% | 4.7% | 3.7% | 3.5% | 4.1% | 4.6% |
| Free cash flow yield | 2.2% | 3.2% | 3.0% | 2.8% | 5.8% | 5.9% | 4.2% | 3.3% | 4.4% | 6.5% |
| Dividend yield | 0.4% | 0.5% | 0.7% | 0.9% | 0.5% | 0.7% | 0.6% | 0.7% | 0.6% | 0.7% |
| Shareholder yield (dividends + buybacks) | 1.5% | 4.2% | 2.3% | 10.4% | 0.9% | 1.0% | 2.1% | 0.7% | 2.1% | 3.8% |
| Share price at fiscal year-end | $252.71 | $171.51 | $124.26 | $80.26 | $113.20 | $80.16 | $107.83 | $80.86 | $77.61 | $62.48 |
| Per share | ||||||||||
| Revenue per share | $58.04 | $53.54 | $47.41 | $37.67 | $34.26 | $38.87 | $44.97 | $36.41 | $33.04 | $31.83 |
| Earnings per share | $7.19 | $6.01 | $3.78 | $2.71 | $3.18 | $3.74 | $4.02 | $2.82 | $3.16 | $2.85 |
| Operating cash flow per share | $7.67 | $7.07 | $5.02 | $3.06 | $7.09 | $5.44 | $6.02 | $4.69 | $4.84 | $6.85 |
| Free cash flow per share | $5.54 | $5.52 | $3.77 | $2.23 | $6.51 | $4.71 | $4.49 | $2.70 | $3.39 | $4.09 |
| Cash per share | $5.33 | $4.55 | $2.24 | $1.70 | $6.84 | $2.39 | $1.54 | $1.31 | $1.38 | $1.28 |
| Book value per share | $41.75 | $35.06 | $33.68 | $30.06 | $33.79 | $31.03 | $26.77 | $24.08 | $21.59 | $19.08 |
| Tangible book value per share | $21.25 | $14.97 | $13.45 | $10.56 | $12.97 | $9.00 | $4.91 | $0.38 | $10.12 | $7.23 |
| Dividends per share | $1.06 | $0.94 | $0.83 | $0.71 | $0.55 | $0.59 | $0.61 | $0.53 | $0.47 | $0.42 |
| Capex per share | $2.13 | $1.55 | $1.24 | $0.84 | $0.57 | $0.73 | $1.54 | $1.99 | $1.45 | $2.76 |
| Debt per share | $11.75 | $14.42 | $12.18 | $12.63 | $11.43 | $13.29 | $16.82 | $19.51 | $9.65 | $11.44 |
| Shares outstanding | 61.5M | 62.1M | 61.5M | 63.3M | 65.6M | 64.2M | 64.5M | 63.9M | 63.5M | 63.6M |
| Change in shares outstanding | −1.0% | +1.0% | −2.8% | −3.5% | +2.1% | −0.4% | +1.0% | +0.6% | −0.1% | −3.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.6% | 17.6% | 11.7% | 8.3% | 9.9% | 12.9% | 15.9% | 12.4% | 15.5% | 15.3% |
| Return on invested capital (ROIC) | 15.1% | 13.2% | 10.5% | 7.2% | 8.3% | 9.3% | 10.2% | 10.1% | 11.4% | 10.7% |
| Return on assets (ROA) | 9.8% | 8.9% | 5.9% | 4.3% | 5.2% | 6.1% | 6.7% | 5.5% | 7.4% | 7.0% |
| Return on tangible assets | 13.1% | 11.9% | 8.4% | 6.7% | 7.7% | 9.7% | 10.2% | 7.9% | 9.9% | 9.6% |
| Free cash flow margin | 9.5% | 10.3% | 8.0% | 5.9% | 19.0% | 12.1% | 10.0% | 7.4% | 10.3% | 12.8% |
| Income quality (OCF / net income) | 1.07 | 1.18 | 1.33 | 1.13 | 2.23 | 1.45 | 1.50 | 1.66 | 1.53 | 2.41 |
| Financial health | ||||||||||
| Total debt | $722.4M | $895.1M | $748.7M | $798.9M | $749.6M | $853.1M | $1.08B | $1.25B | $612.9M | $727.2M |
| Cash & short-term investments | $327.4M | $282.3M | $137.4M | $107.8M | $448.5M | $153.3M | $99.1M | $83.6M | $87.6M | $81.1M |
| Net debt | $395.0M | $612.9M | $611.2M | $691.0M | $301.2M | $699.8M | $985.8M | $1.16B | $525.3M | $646.1M |
| Debt / equity | 0.28 | 0.41 | 0.36 | 0.42 | 0.34 | 0.43 | 0.63 | 0.81 | 0.45 | 0.60 |
| Debt / assets | 0.16 | 0.20 | 0.19 | 0.21 | 0.18 | 0.22 | 0.27 | 0.33 | 0.22 | 0.28 |
| Net debt / EBITDA | 0.58 | 0.99 | 1.86 | 1.95 | 0.74 | 1.65 | 2.04 | 2.92 | 1.50 | 1.99 |
| Current ratio | 2.08 | 1.89 | 2.38 | 2.43 | 4.00 | 3.09 | 1.80 | 1.89 | 2.39 | 1.97 |
| Quick ratio | 1.36 | 1.23 | 1.54 | 1.48 | 2.85 | 1.97 | 1.07 | 0.96 | 1.28 | 1.00 |
| Interest coverage | 11.2 | 9.2 | 6.9 | 6.2 | 7.4 | 8.2 | 7.7 | 7.0 | 7.6 | 9.5 |
| Working capital | $977.0M | $820.1M | $852.3M | $772.9M | $1.10B | $818.5M | $563.8M | $523.6M | $594.0M | $463.8M |
| Invested capital | $2.96B | $2.79B | $2.68B | $2.59B | $2.52B | $2.69B | $2.71B | $2.70B | $1.90B | $1.86B |
| Tangible asset value | $1.31B | $929.4M | $827.2M | $668.0M | $850.2M | $577.7M | $316.9M | $24.0M | $643.0M | $459.3M |
| Net current asset value | −$179.3M | −$448.9M | −$469.8M | −$593.4M | −$411.5M | −$699.8M | −$958.6M | −$1.14B | −$364.5M | −$485.3M |
| Graham number | $82.20 | $68.84 | $53.52 | $42.84 | $49.19 | $51.13 | $49.24 | $39.11 | $39.16 | $34.95 |
| Graham net-net per share | −$12.78 | −$16.29 | −$15.77 | −$17.06 | −$12.45 | −$17.34 | −$22.06 | −$24.58 | −$11.73 | −$13.29 |
| Capital allocation | ||||||||||
| Dividends paid | $65.0M | $58.3M | $51.0M | $45.0M | $36.0M | $37.7M | $39.1M | $34.0M | $29.7M | $26.6M |
| Share buybacks (net) | $172.9M | $390.8M | $126.4M | $485.3M | $33.3M | $13.3M | $110.3M | $0 | $71.8M | $125.5M |
| Dividend payout ratio | 14.7% | 15.6% | 22.0% | 26.2% | 17.3% | 15.7% | 15.0% | 18.9% | 14.8% | 14.7% |
| Dividends + buybacks / free cash flow | 69.9% | 131.0% | 76.5% | 376.7% | 16.3% | 16.9% | 51.6% | 19.8% | 47.2% | 58.6% |
| Capex / revenue | 3.7% | 2.9% | 2.6% | 2.2% | 1.7% | 1.9% | 3.4% | 5.5% | 4.4% | 8.7% |
| Capex / operating cash flow | 27.8% | 21.9% | 24.8% | 27.3% | 8.1% | 13.5% | 25.5% | 42.5% | 30.0% | 40.4% |
| Capex / depreciation | 1.16 | 0.83 | 0.64 | 0.44 | 0.29 | 0.36 | 0.70 | 1.09 | 1.14 | 2.54 |
| Stock-based compensation / revenue | 0.9% | 1.0% | 0.8% | 0.8% | 1.0% | 0.9% | 0.6% | 0.8% | 0.8% | 0.7% |
| R&D / revenue | 4.1% | 4.2% | 4.5% | 5.0% | 5.2% | 5.3% | 5.5% | 6.4% | 6.0% | 6.2% |
| SG&A / revenue | 9.2% | 9.3% | 9.3% | 0.5% | 0.3% | 8.7% | 7.3% | 8.3% | 8.4% | 7.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 83.0 | 85.4 | 86.4 | 88.1 | 89.5 | 85.3 | 64.9 | 67.0 | 68.3 | 63.9 |
| Days of inventory on hand | 88.3 | 84.0 | 84.2 | 91.8 | 92.4 | 93.9 | 88.8 | 108.6 | 111.8 | 112.5 |
| Days payables outstanding | 40.3 | 38.9 | 37.9 | 39.4 | 32.9 | 36.9 | 38.8 | 48.7 | 48.1 | 42.4 |
| Cash conversion cycle (days) | 131.1 | 130.5 | 132.6 | 140.5 | 149.1 | 142.4 | 114.8 | 126.8 | 132.1 | 134.0 |
| Receivables turnover | 4.40 | 4.27 | 4.23 | 4.14 | 4.08 | 4.28 | 5.62 | 5.45 | 5.34 | 5.71 |
| Payables turnover | 9.05 | 9.38 | 9.62 | 9.25 | 11.11 | 9.90 | 9.40 | 7.49 | 7.59 | 8.61 |
| Inventory turnover | 4.13 | 4.34 | 4.33 | 3.98 | 3.95 | 3.89 | 4.11 | 3.36 | 3.26 | 3.25 |
| Asset turnover | 0.79 | 0.79 | 0.75 | 0.60 | 0.56 | 0.64 | 0.75 | 0.71 | 0.78 | 0.78 |
| Average receivables | $811.6M | $778.0M | $689.6M | $575.1M | $551.0M | $583.2M | $515.7M | $426.7M | $392.8M | $354.1M |
| Average payables | $288.4M | $260.9M | $232.4M | $200.7M | $152.6M | $187.4M | $233.4M | $229.5M | $201.1M | $171.4M |
| Average inventory | $631.9M | $563.5M | $516.1M | $467.1M | $429.0M | $477.4M | $533.2M | $511.6M | $467.6M | $454.7M |
| Intangibles / total assets | 27.2% | 28.5% | 31.0% | 32.4% | 33.4% | 36.3% | 35.6% | 39.9% | 26.4% | 28.5% |
Computed from WWD's annual financial statements (latest annual report filed November 25, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WWD valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Woodward traded at 35.1 times earnings, against a 10-year median of 28.6. Based on the latest twelve months, the trailing P/E is 36.5 and the forward P/E is 31.6. Woodward earned a return on equity of 18.6% and a return on invested capital of 15.1% in fiscal 2025. It ended the year with $722.4 million of debt and $327.4 million in cash and short-term investments, net debt of $395.0 million. It returned $237.8 million to shareholders: $65.0 million in dividends and $172.9 million in share buybacks, 70% of free cash flow. The share count fell 3.3% from 63.6M to 61.5M over 9 years.
See the WWD income statement, the WWD chart for price history, or the WWD stock overview for the latest quote and news.
WWD key metrics FAQ
What is Woodward's P/E ratio?
Woodward's trailing P/E ratio is 36.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 31.6. At the end of fiscal 2025 it was 35.1, compared with a 10-year median of 28.6.
What is Woodward's EV/EBITDA?
Woodward's enterprise value was 23.4 times EBITDA at the end of fiscal 2025 (enterprise value $15.9 billion, EBITDA $680.4 million); the current EV/EBITDA is 23.5.
What is Woodward's return on equity?
Woodward's return on equity (ROE) was 18.6% in fiscal 2025: net income of $442.1 million on average shareholders' equity of $2.4 billion.
What is Woodward's ROIC?
Woodward's return on invested capital was 15.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Woodward have?
Woodward had total debt of $722.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.28 and $395.0 million of net debt (0.58 times EBITDA).
What is Woodward's dividend yield?
Woodward's forward dividend yield is 0.39%. Woodward paid $65.0 million in dividends in fiscal 2025 ($1.06 per share), a payout ratio of 14.7%.
Does Woodward buy back its shares?
Yes. Woodward spent $172.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.0% over the year, to 61.5M..
What is Woodward's free cash flow yield?
Woodward generated $340.4 million of free cash flow in fiscal 2025, a free cash flow yield of 2.2% on its market value at year-end ($15.5 billion).
What is Woodward's current ratio?
Woodward's current ratio was 2.08 at the end of fiscal 2025: current assets were 2.08 times current liabilities.