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Woodward (WWD) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Jul 30, 2026 · Woodward (WWD) Q3 FY26 earnings results →

Q3 FY26 Revenue up 21% year over year to $1.1B · 13¢ of every $1 of revenue kept as net profit · operating margin 17.4%

Woodward made $1.1B in Q3 FY26 (+21% Y/Y): Aerospace $709M, Industrial $401M. Operating margin 17.4%, net earnings $147M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 30, 2026.

Revenue$1.1B
Year over year+21%
Operating margin17.4%
Net earnings$147M
Operating cash flow$147M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.1B in Q3 FY26, up 21% year over year and up 2% from the previous quarter. Aerospace was the largest line at 64% of revenue. Aerospace added $0.11B year over year (up 19%), 58% of the total change.

Operating profit was $0.19B, a 17.4% margin (up 3.6 points year over year). Of the extra revenue versus Q3 FY25, 34% reached operating profit, above the 14% margin then. Total costs grew 16% against revenue growth of 21%. Net earnings were $0.15B, up 35% year over year. The effective tax rate was 24.2%.

Operating cash flow was $0.15B (up 17% year over year), 100% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.04B. Capital expenditures of $0.06B left free cash flow of $0.09B.

Quarterly history

Woodward revenue by quarterWoodward revenue by quarter$854MQ4 FY24$884MQ2 FY25$915MQ3 FY25$995MQ4 FY25$996MQ1 FY26$1.1BQ2 FY26$1.1BQ3 FY26
Woodward net earnings by quarterWoodward net earnings by quarter$83.3MQ4 FY24$109MQ2 FY25$108MQ3 FY25$138MQ4 FY25$134MQ1 FY26$134MQ2 FY26$147MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QJul 30, 2026$1.1B+21%17.4%$147M$147M
Q2 FY2610-QApr 30, 2026$1.1B+23%15.4%$134M$90.8M
Q1 FY2610-QFeb 4, 2026$996M+29%17.0%$134M$114M
Q4 FY2510-KNov 25, 2025$995M+16%16.1%$138M$233M
Q3 FY2510-QAug 1, 2025$915M+8%13.9%$108M$126M
Q2 FY2510-QMay 1, 2025$884M+6%15.0%$109M$77.8M
Q4 FY2410-KNov 26, 2024$854M+10%11.9%$83.3M$142M

Charts

Woodward: revenue growth, year over year and quarter over quarterWoodward: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q4 FY24+6%+3%Q2 FY25+8%+4%Q3 FY25+16%+9%Q4 FY25+29%+0%Q1 FY26+23%+9%Q2 FY26+21%+2%Q3 FY26
Latest (Q3 FY26): Y/Y +21%, Q/Q +2%.
Woodward: where the cash came from (+) and went (−), TTM to Q3 FY26Woodward: where the cash came from (+) and went (−), TTM to Q3 FY26Buybacks−$602MOperating cash flow$585MOther financing$248MCapital spending−$209MAcquisitions−$176MNet borrowing (+) / repaid (−)$163MDividends−$71.7MShares issued$63.6MExchange rates−$5.7MAsset & business sales$3.3MOther investing$3.0MCash drawn (+) / kept (−)−$1.7M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Woodward: profit against cash, quarter by quarterWoodward: profit against cash, quarter by quarterNet incomeOperating cash flow$83.3M$142MQ4 FY24$87.1M$34.5MQ1 FY25$109M$77.8MQ2 FY25$108M$126MQ3 FY25$138M$233MQ4 FY25$134M$114MQ1 FY26$134M$90.8MQ2 FY26$147M$147MQ3 FY26
Latest (Q3 FY26): Net income $147M, Operating cash flow $147M.
Woodward: diluted shares by fiscal yearWoodward: diluted shares by fiscal year64MFY2066MFY2163MFY2261MFY2362MFY2461MFY25
-4.3% since FY20: buybacks shrank the count.
Woodward in its industry: growth against margin (8 companies, SIC 3620)Woodward in its industry: growth against margin (8 companies, SIC 3620)revenue growth, year over year →↑ operating marginmedian +21%median 12%BEFPSPLUGEAFEROCFCELSCIAWWD (+21%, 17%)
Electrical Industrial Apparatus; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Woodward

Woodward is the global leader in the design, manufacture, and service of energy conversion and control solutions for the aerospace and industrial equipment markets. Our purpose is to design and deliver energy control solutions our partners count on to power a clean future. Our innovative fluid, combustion, electrical, propulsion and motion control systems perform in some of the world’s harshest environments. Woodward is a global company headquartered in Fort Collins, Colorado, USA. Visit our website at www.woodward.com. Cautionary Statement This release contains forward-looking statements regarding future events and Woodward’s future results within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are statements that are deemed forward-looking statements.

In its own words, from its 8-K, filed Jul 29, 2026.

Woodward against its Electrical Industrial Apparatus peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +21% against the peers' median +21%. Operating margin: 17.4% against the peers' median 12.4%.

CompanyQuarterRevenueY/YOp. margin
WWD WoodwardQ3 FY26$1.1B+21%17.4%
BE Bloom EnergyQ3 2026$1.2B+138%18.2%
FPS Forgent Power SolutionsQ4 FY26$462M+94%19.9%
PLUG Plug PowerQ2 2026$178M+2%-36.0%
EAF Graftech InternationalQ3 2026$140M-3%-16.2%
EROC ERockQ2 2026$39.9M-42%-49.8%
FCEL Fuelcell EnergyQ3 FY26$33.0M-29%-141.4%
SCIA SCI Engineered MaterialsQ3 2026$8.1M+52%12.4%

Source: Woodward 10-Q on SEC EDGAR · CIK 108312 · Electrical Industrial Apparatus

Guidance and outlook

Woodward Revenue: guidance against what was reportedWoodward Revenue: guidance against what was reportedguided rangereported (above / within / below)FY24$3.3BFY25$3.6B
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Woodward Tax rate: guidance against what was reportedWoodward Tax rate: guidance against what was reportedguided rangereported (above / within / below)FY2515.2%FY26
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns WWD and who is buying

Largest holders of WWD (13F)Largest holders of WWD (13F)BlackRock$3.0BVanguard Group$1.7BFMR LLC$1.2BVanguard Capital Management LLC$1.1BVanguard Portfolio Management LLC$1.1BState Street$997MNewport Trust Company, LLC$810MInvesco$615MArtisan Partners Limited Partners…$582MGeode Capital Management, LLC$538M
Funds' net buying of WWD by quarter (13F)Funds' net buying of WWD by quarter (13F)$345M2024-09−$330M2024-12$159M2025-03$147M2025-06$323M2025-09−$302M2025-12$5.1M2026-03$446M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on WWD

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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中文版：Woodward（WWD）财报

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