WWD

Woodward, Inc.

$329.30

+0.25% 2026-10-19

IndustrialsS&P 400

1M 3M 6M 1Y 2Y

WWDSPY

-1.0%

+2.3%

-15.7%

-16.2%

YTD

+9.2%

+33.5%

Grades vs sector

Momentum

71st pct in sector

12-1 return: +25.8%
Percentile within its GICS sector across the S&P 1500.

Growth

82nd pct in sector

A-

Revenue growth (YoY): +21.2%
Percentile within its GICS sector across the S&P 1500.

Value

10th pct in sector

D-

Forward E/P: 3.3% · EBITDA/EV: 4.0%
Percentile within its GICS sector across the S&P 1500.

Profitability

71st pct in sector

Profit margin: +13.2% · Return on equity: +22.3%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 3 live models right now.

Momentum Top 15

not ranked (outside this model's universe or screens)

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

Key stats

Market cap$19.4B

P/E (trailing)36.6

P/E (forward)30.7

52-week range247.11 – 450.92

Revenue growth (YoY, latest qtr)+21.2%

Dividend yield0.39%

Analyst consensusBuy (12)

Mean price target$424.67 (+29%)

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -1 (DCF counts double).

▼DCF (base case)below the price by 27%

▼Forward P/E vs sector30.7x vs median 17.1x

▲Piotroski F-score8/9

▲Analyst target+29% (12 analysts)

Discounted cash flow

Bear

$124

-62%

growth 11% · disc. 9.5% · term. 2.0%

Base

$240

-27%

growth 18% · disc. 8.5% · term. 2.5%

Bull

$419

+27%

growth 22% · disc. 7.5% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 18% a year for 10 years.

Implied

+18%/yr

FCF, last 3 yrs

+34%/yr

FCF, last 5 yrs

+2%/yr

Revenue, last 3 yrs

+14%/yr

Revenue, last 5 yrs

+7%/yr

Same inputs as the DCF above: trailing free cash flow 0.4B, 8.5% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.86 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)

sector median 26.4× · 78th pct

36.6×
pricier

Forward P/E

sector median 17.1× · 92nd pct

30.7×
pricier

EV / EBITDA

sector median 14.8×

–

Price / sales

sector median 2.1× · 81st pct

4.6×
pricier

Price / book

sector median 3.5× · 80th pct

7.9×
pricier

FCF yield

sector median 4.5% · 14th pct

1.9%
pricier

Forward EPS $10.72 vs trailing $8.99 (+19% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$4.1B

as of 2026-06-30

vs a year ago

+31%

YoY

× TTM revenue

0.98×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-03

26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

29.5%

Operating margin

–

FCF margin

9.0%

Net margin

13.2%

Return on equity

22.3%

Return on invested capital

–

Net debt / EBITDA

–

Current ratio

1.6×

Interest cover

–

Cash conversion (OCF/NI)

1.1×

Piotroski F-score 8/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

Mean target

$425

+29%

Analysts

Buy

Range

$380–$478

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$3.6B	$442.1M	$340.4M
2024	$3.3B	$373.0M	$342.8M
2023	$2.9B	$232.4M	$232.0M
2022	$2.4B	$171.7M	$140.8M
2021	$2.2B	$208.6M	$427.0M
2020	$2.5B	$240.4M	$302.4M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +14.4%.

Earnings

Next report: 2026-11-23 · during market · EPS est 2.52

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-29	2.45	2.52	+2.9%
2026-04-29	2.09	2.27	+8.6%
2026-02-02	1.65	2.17	+31.2%
2025-11-24	1.89	2.09	+10.6%
2025-07-28	1.64	1.76	+7.0%
2025-04-28	1.46	1.69	+15.4%
2025-02-03	1.20	1.35	+12.7%
2024-11-25	1.26	1.41	+11.9%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$1.1B	+21.2%
2026-03-31	$1.1B	–
2025-12-31	$996.5M	–
2025-09-30	$995.3M	–
2025-06-30	$915.4M	–

Analyst actions

TD Cowen

2026-10-09 · main

Hold → Hold
PT $380

Jefferies

2026-10-02 · main

Buy → Buy
PT $420

Wells Fargo

2026-09-30 · main

Overweight → Overweight
PT $430

Guggenheim

2026-09-15 · init

→ Buy
PT $404

Truist Securities

2026-08-04 · main

Buy → Buy
PT $420

RBC Capital

2026-07-30 · main

Outperform → Outperform
PT $430

Recent dividends

2026-08-20: $0.320 · 2026-05-21: $0.320 · 2026-02-19: $0.320 · 2025-11-20: $0.280 · 2025-08-21: $0.280 · 2025-05-22: $0.280 · 2025-02-20: $0.280 · 2024-11-21: $0.250

Insider trades

Mclevige Shawn M

EVP and President, Aerospace · 2026-07-31

SELL
$767.2K

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News

UPDATE - Woodward Appoints Paxton McVoy as Chief Information Officer

GlobeNewswire · Oct 16

3 Reasons WWD Has Explosive Upside Potential

StockStory · Oct 16

Woodward Appoints Paxton McVoy as Chief Information Officer

GlobeNewswire · Oct 16

2 High-Flying Stocks to Research Further and 1 We Question

StockStory · Oct 08

Woodward to Provide Actuation System for Airbus' Folding Wing Research

MT Newswires · Oct 07

Woodward to Provide Actuation System for Aircraft Folding Wing Demonstrator

GlobeNewswire · Oct 07

AXON Gains From Strong Software & Services Momentum: Can It Sustain?

Zacks · Oct 07

Heintz Performance Acquires Woodward Machine Corporation in Transaction Advised by Viking M&A

PR Newswire · Oct 01

Stats refreshed 2026-10-19 19:02:31 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Coteau Systematic StrategiesSystematic equity research and model portfolios.
Coteau Systematic Strategies publishes research, model portfolios and tools. It does not manage money or offer investment advice. Model results are hypothetical. Data: Yahoo Finance (delayed), SEC EDGAR.

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