Woodward, Inc. (WWD) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Aerospace & Defense
EV/EBITDA
↑
41.69
↑+102% vs avg
5yr avg: 20.68
30Y Low4.3·High25.5
P/FCF
↑
75.33
↑+131% vs avg
5yr avg: 32.68
30Y Low7.6·High52.9
P/B Ratio
↑
10.30
↑+149% vs avg
5yr avg: 4.13
30Y Low1.2·High6.1
ROE
↑
18.6%
↓+41% vs avg
5yr avg: 13.2%
30Y Low3%·High21%
Debt/EBITDA
↓
1.16
↓-35% vs avg
5yr avg: 1.79
30Y Low0.2·High3.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WWD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Woodward, Inc. trades at 59.8x earnings, 85% above its 5-year average of 32.4x, sitting at the 97th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 134%. On a free-cash-flow basis, the stock trades at 75.3x P/FCF, 131% above the 5-year average of 32.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $25.6B | $15.5B | $10.6B | $7.6B | $5.1B | $7.4B | $5.1B | $7.0B | $5.2B | $4.9B | $4.0B |
| Enterprise Value | $26.0B | $15.9B | $11.3B | $8.3B | $5.8B | $7.7B | $5.9B | $7.9B | $6.3B | $5.5B | $4.6B |
| P/E Ratio → | 59.82 | 35.15 | 28.54 | 32.87 | 29.62 | 35.60 | 21.43 | 26.76 | 28.67 | 24.56 | 21.92 |
| P/S Ratio | 7.19 | 4.35 | 3.20 | 2.62 | 2.13 | 3.30 | 2.06 | 2.40 | 2.22 | 2.35 | 1.96 |
| P/B Ratio | 10.30 | 6.05 | 4.89 | 3.69 | 2.67 | 3.35 | 2.58 | 4.03 | 3.36 | 3.59 | 3.27 |
| P/FCF | 75.33 | 45.63 | 31.06 | 33.24 | 36.06 | 17.38 | 17.02 | 24.04 | 30.00 | 22.90 | 15.29 |
| P/OCF | 54.40 | 32.96 | 24.25 | 24.94 | 26.22 | 15.97 | 14.73 | 17.91 | 17.26 | 16.03 | 9.12 |
P/E links to full P/E history page with 30-year chart
WWD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Woodward, Inc.'s enterprise value stands at 41.7x EBITDA, 102% above its 5-year average of 20.7x. The Industrials sector median is 13.9x, placing the stock at a 201% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.47 | 3.39 | 2.83 | 2.42 | 3.44 | 2.34 | 2.74 | 2.72 | 2.60 | 2.28 |
| EV / EBITDA | 41.69 | 25.51 | 20.24 | 20.32 | 17.23 | 20.12 | 13.77 | 16.45 | 15.91 | 15.57 | 14.30 |
| EV / EBIT | 50.93 | 28.09 | 25.59 | 28.81 | 26.94 | 30.37 | 19.93 | 23.30 | 22.48 | 20.25 | 18.10 |
| EV / FCF | — | 46.80 | 32.85 | 35.90 | 40.97 | 18.09 | 19.35 | 27.45 | 36.76 | 25.35 | 17.78 |
WWD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Woodward, Inc. earns an operating margin of 14.3%, above the Industrials sector average of 4.3%. Operating margins have expanded from 9.8% to 14.3% over the past 3 years, signaling improving operational efficiency. ROE of 18.6% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 13.3% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.8% | 26.8% | 26.4% | 23.2% | 22.0% | 24.5% | 25.7% | 24.4% | 26.1% | 27.3% | 27.1% |
| Operating Margin | 14.3% | 14.3% | 13.2% | 9.8% | 9.0% | 11.3% | 11.8% | 11.7% | 12.1% | 12.8% | 12.6% |
| Net Profit Margin | 12.4% | 12.4% | 11.2% | 8.0% | 7.2% | 9.3% | 9.6% | 9.0% | 7.8% | 9.6% | 8.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.6% | 18.6% | 17.6% | 11.7% | 8.3% | 9.9% | 12.9% | 15.9% | 12.4% | 15.5% | 15.3% |
| ROA | 9.8% | 9.8% | 8.9% | 5.9% | 4.3% | 5.2% | 6.1% | 6.7% | 5.5% | 7.4% | 7.0% |
| ROIC | 13.3% | 13.3% | 12.1% | 8.1% | 6.3% | 7.3% | 8.1% | 9.4% | 9.2% | 10.8% | 10.1% |
| ROCE | 14.3% | 14.3% | 12.9% | 8.6% | 6.1% | 7.0% | 8.7% | 10.6% | 10.2% | 12.0% | 11.6% |
WWD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Woodward, Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (64% below the sector average of 3.2x). Net debt stands at $395M ($722M total debt minus $327M cash). Interest coverage of 12.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.28 | 0.28 | 0.41 | 0.36 | 0.42 | 0.34 | 0.43 | 0.63 | 0.81 | 0.45 | 0.60 |
| Debt / EBITDA | 1.16 | 1.16 | 1.61 | 1.84 | 2.39 | 1.95 | 2.01 | 2.25 | 3.13 | 1.75 | 2.25 |
| Net Debt / Equity | — | 0.15 | 0.28 | 0.30 | 0.36 | 0.14 | 0.35 | 0.57 | 0.76 | 0.38 | 0.53 |
| Net Debt / EBITDA | 0.63 | 0.63 | 1.10 | 1.51 | 2.06 | 0.79 | 1.66 | 2.04 | 2.92 | 1.50 | 2.00 |
| Debt / FCF | — | 1.16 | 1.79 | 2.66 | 4.91 | 0.71 | 2.33 | 3.41 | 6.75 | 2.44 | 2.49 |
| Interest Coverage | 12.41 | 12.41 | 9.18 | 5.98 | 6.20 | 7.42 | 8.20 | 7.74 | 6.96 | 7.56 | 9.52 |
WWD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Woodward, Inc.'s current ratio of 2.08x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.36x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.38x to 2.08x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.08 | 2.08 | 1.89 | 2.38 | 2.43 | 4.00 | 3.09 | 1.80 | 1.89 | 2.39 | 1.97 |
| Quick Ratio | 1.36 | 1.36 | 1.23 | 1.54 | 1.48 | 2.85 | 1.97 | 1.07 | 0.96 | 1.28 | 1.00 |
| Cash Ratio | 0.36 | 0.36 | 0.31 | 0.22 | 0.20 | 1.22 | 0.39 | 0.14 | 0.14 | 0.20 | 0.17 |
| Asset Turnover | — | 0.77 | 0.76 | 0.73 | 0.63 | 0.55 | 0.64 | 0.73 | 0.61 | 0.76 | 0.77 |
| Inventory Turnover | 3.99 | 3.99 | 4.02 | 4.32 | 3.61 | 4.04 | 4.24 | 4.24 | 3.13 | 3.22 | 3.20 |
| Days Sales Outstanding | — | 85.04 | 86.97 | 95.68 | 94.23 | 86.97 | 82.91 | 75.47 | 67.77 | 73.32 | 65.69 |
WWD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Woodward, Inc. returns 0.9% to shareholders annually — split between a 0.2% dividend yield and 0.7% buyback yield. The payout ratio of 14.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.4% | 0.5% | 0.7% | 0.9% | 0.5% | 0.7% | 0.6% | 0.7% | 0.6% | 0.7% |
| Payout Ratio | 14.7% | 14.7% | 15.6% | 22.0% | 26.2% | 17.3% | 15.7% | 15.0% | 18.9% | 14.8% | 14.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 2.8% | 3.5% | 3.0% | 3.4% | 2.8% | 4.7% | 3.7% | 3.5% | 4.1% | 4.6% |
| FCF Yield | 1.3% | 2.2% | 3.2% | 3.0% | 2.8% | 5.8% | 5.9% | 4.2% | 3.3% | 4.4% | 6.5% |
| Buyback Yield | 0.7% | 1.1% | 3.7% | 1.7% | 9.6% | 0.4% | 0.3% | 1.6% | 0.0% | 1.5% | 3.2% |
| Total Shareholder Yield | 0.9% | 1.5% | 4.2% | 2.3% | 10.4% | 0.9% | 1.0% | 2.1% | 0.7% | 2.1% | 3.8% |
| Shares Outstanding | — | $61M | $62M | $61M | $63M | $66M | $64M | $64M | $64M | $64M | $64M |
Peer Comparison
Compare WWD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WWDYou | $26B | 59.8 | 41.7 | 75.3 | 26.8% | 14.3% | 18.6% | 13.3% | 1.2 |
 CW | $28B | 60.0 | 46.1 | 51.5 | 37.2% | 18.2% | 19.4% | 14.1% | 2.1 |
 DRS | $12B | 44.7 | 27.5 | 54.2 | 23.2% | 9.5% | 10.5% | 10.5% | 1.1 |
 KTOS | $10B | 417.0 | 112.5 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 TDG | $75B | 41.4 | 22.6 | 41.3 | 60.1% | 47.2% | — | 20.9% | 6.6 |
 HEI | $47B | 68.8 | 40.3 | 54.5 | 39.8% | 22.7% | 17.1% | 12.6% | 1.8 |
 HAYW | $3B | 22.1 | 10.0 | 14.4 | 45.6% | 21.1% | 10.0% | 10.2% | 0.0 |
 ATRO | $3B | 99.5 | 33.1 | 67.0 | 29.9% | 8.9% | 14.8% | 12.2% | 3.9 |
 VSEC | $5B | 87.0 | 32.0 | 877.8 | 11.9% | 11.2% | 4.4% | 5.9% | 2.1 |
 GE | $374B | 43.8 | 38.2 | 51.4 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
 RTX | $250B | 37.4 | 21.9 | 31.5 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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WWD — Frequently Asked Questions
Quick answers to the most common questions about buying WWD stock.
What is Woodward, Inc.'s P/E ratio?
Woodward, Inc.'s current P/E ratio is 59.8x. The historical average is 25.0x. This places it at the 97th percentile of its historical range.
What is Woodward, Inc.'s EV/EBITDA?
Woodward, Inc.'s current EV/EBITDA is 41.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
What is Woodward, Inc.'s ROE?
Woodward, Inc.'s return on equity (ROE) is 18.6%. The historical average is 13.7%.
Is WWD stock overvalued?
Based on historical data, Woodward, Inc. is trading at a P/E of 59.8x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Woodward, Inc.'s dividend yield?
Woodward, Inc.'s current dividend yield is 0.25% with a payout ratio of 14.7%.
What are Woodward, Inc.'s profit margins?
Woodward, Inc. has 26.8% gross margin and 14.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Woodward, Inc. have?
Woodward, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.