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How Woodward (WWD) makes money

Woodward (WWD) made $1.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier. Aerospace brought in $709M (64%); Industrial brought in $401M (36%). Of every dollar of revenue, 17¢ was left as operating profit, 13¢ was left as net earnings.

Drawing the Sankey…

Woodward revenue by segment, Q3 FY26Woodward revenue by segment, Q3 FY26Aerospace$709MIndustrial$401M
Woodward: revenue by line, Q4 FY24 to Q3 FY26Woodward: revenue by line, Q4 FY24 to Q3 FY26AerospaceIndustrialAerospace: $709M latest$709MIndustrial: $401M latest$401MQ4 FY24Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
The mix barely moved between Q4 FY24 and Q3 FY26.
Woodward revenue by quarterWoodward revenue by quarter$854MQ4 FY24$884MQ2 FY25$915MQ3 FY25$995MQ4 FY25$996MQ1 FY26$1.1BQ2 FY26$1.1BQ3 FY26
Woodward: where each dollar of revenue goesWoodward: where each dollar of revenue goesOperating profit17¢Income tax4¢Net earnings13¢Operating cash flow13¢Free cash flow8¢

Revenue by segment, Q3 FY26

SegmentRevenueShareQ/QY/Y
Aerospace$709M63.9%+0.8%+19%
Industrial$401M36.1%+4%+26%

Where each dollar of revenue goes

LineQ3 FY26% of revenue
Revenue$1.1B100.0%
Operating profit$194M17.4%
Income tax$46.8M4.2%
Net earnings$147M13.2%
Operating cash flow$147M13.2%
Free cash flow$87.1M7.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 FY26$1.1B+21%
Q2 FY26$1.1B+23%
Q1 FY26$996M+29%
Q4 FY25$995M+16%
Q3 FY25$915M+8%
Q2 FY25$884M+6%
Q4 FY24$854M+10%

From Woodward's 10-Q filed Jul 30, 2026 (on EDGAR).

Questions

How does Woodward make money?

Woodward (WWD) made $1.1B of revenue in the third quarter fiscal 2026 (Q3 FY26), +21% from a year earlier. Aerospace brought in $709M (64%); Industrial brought in $401M (36%). Of every dollar of revenue, 17¢ was left as operating profit, 13¢ was left as net earnings.

What is Woodward's biggest business?

Aerospace: $709M in the third quarter fiscal 2026, 64% of revenue, +19% from a year earlier.

What is Woodward's profit margin?

Net earnings were $147M, 13.2% of revenue, in the third quarter fiscal 2026; the operating margin was 17.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.