Woodward, Inc.
Woodward, Inc. (WWD) is listed on NASDAQ and classified in Aerospace & Defense, part of the Industrials sector. It is headquartered in Fort Collins, United States and has 10,200 employees. The company is worth $18B and trades at 36.2x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $3.57B in fiscal 2025, up 7.3% from the year before. Net income was $442.11M. The share price is 32.4% below its 52-week high of $450.92. It pays a dividend yielding 0.42%, and has raised its annual dividend for 5 years in a row in our records. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $310.35M. In that quarter, 2 of them opened or added to the position and 5 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +210.5% over 5Y.
today you would have $2,997.12▲ +199.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $302.32 | $166.42 | $136.13 | $96.61 | $109.46 | $121.53 | $118.44 | $74.29 | $76.54 | $69.05 | $49.66 | $49.23 | $45.61 | $38.13 | $40.93 | $37.56 | $25.77 | $23.02 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 14.0% a year plus a 0.4% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 24.2 across this company’s own years on record.
Cash flow growing 14.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| NDSNNordson Corp | $318.71 | 33.6x | 5.4x | 1.18% | 17.76% | $17.75B |
| SNASnap-on Inc | $356.46 | 18.2x | 3.1x | 2.74% | 17.93% | $18.44B |
| CWCurtiss Wright Corp | $474.28 | 34.0x | 6.3x | 0.22% | 19.75% | $17.52B |
| CNHCNH Industrial N.V. | $11.58 |
| P/E | 24.2x | 42.0x | 27.7x | 36.0x | 35.6x | 34.4x | 32.5x | 29.5x | 26.3x | 24.2x | 24.2x | 18.1x | 20.1x | 21.7x | 19.0x | 21.7x | 23.6x | 18.8x | 13.2x |
| P/S | 2.0x | 5.1x | 3.0x | 2.8x | 2.4x | 3.1x | 3.1x | 2.5x | 2.0x | 2.2x | 2.1x | 1.5x | 1.6x | 1.6x | 1.4x | 1.6x | 1.8x | 1.2x | 1.3x |
| P/B | 3.1x | 7.1x | 4.5x | 3.9x | 3.0x | 3.1x | 3.8x | 4.3x | 3.0x | 3.4x | 3.5x | 2.7x | 2.8x | 2.7x | 2.6x | 3.1x | 3.2x | 2.5x | 2.5x |
| EPS | $7.19 | $6.01 | $3.78 | $2.71 | $3.18 | $3.74 | $4.02 | $2.82 | $3.16 | $2.85 | $2.75 | $2.45 | $2.10 | $2.01 | $1.89 | $1.59 | $1.37 | $1.75 |
| Dividend yield | 0.65% | 0.37% | 0.60% | 0.65% | 0.79% | 0.60% | 0.43% | 0.55% | 0.77% | 0.65% | 0.64% | 0.81% | 0.65% | 0.70% | 0.84% | 0.68% | 0.64% | 0.93% | 0.91% |
| Payout | 15.70% | 15.58% | 16.64% | 23.28% | 28.04% | 20.50% | 13.98% | 16.22% | 20.28% | 15.82% | 15.44% | 14.55% | 13.06% | 15.24% | 15.92% | 14.81% | 15.09% | 17.52% | 12.00% |
| Profit margin | 8.59% | 12.39% | 11.22% | 7.97% | 7.21% | 9.29% | 9.63% | 8.95% | 7.76% | 9.55% | 8.94% | 8.90% | 8.29% | 7.54% | 7.59% | 7.73% | 7.61% | 6.60% | 9.69% |
| ROE | 14.17% | 17.23% | 17.14% | 11.22% | 9.03% | 9.42% | 12.06% | 15.03% | 11.73% | 14.62% | 14.91% | 15.74% | 14.29% | 12.77% | 14.04% | 14.39% | 13.80% | 13.30% | 19.27% |
Median of the years shown; P/E years above 200x are left out.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
-46.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 46.3x |
| 1.8x |
| 0.86% |
| 3.91% |
| $18.62B |
| JJacobs Solutions Inc | $146.26 | 47.3x | 5.2x | 0.98% | 8.00% | $17.12B |
| CLHClean Harbors Inc | $320.96 | 38.9x | 5.8x | 0.00% | 15.56% | $16.94B |