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Woodward vs Forgent Power Solutions: WWD and FPS compared
Woodward is the larger company: $1.1B of revenue in its latest quarter (Q3 FY26) against $462M for Forgent Power Solutions (Q4 FY26). Forgent Power Solutions is growing faster (+94% against +21% a year earlier). Forgent Power Solutions is more profitable, with an operating margin of 19.9% against 17.4%.
Where the money goes: WWD and FPS
Woodward (WWD) · Q3 FY26
Woodward, Q3 FY26: revenue $1.1B (+21% year over year), operating margin 17.4%, net earnings $147M, operating cash flow $147M. The chart follows the revenue to costs, profit and cash.
Forgent Power Solutions (FPS) · Q4 FY26
Forgent Power Solutions, Q4 FY26: revenue $462M (+94% year over year), operating margin 19.9%, net earnings $53.3M, operating cash flow $73.9M. The chart follows the revenue to costs, profit and cash.
| Woodward (WWD) | Forgent Power Solutions (FPS) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q4 FY26 |
| Revenue | $1.1B | $462M |
| Revenue growth, Y/Y | +21% | +94% |
| Gross margin | — | 36.1% |
| Operating margin | 17.4% | 19.9% |
| Net earnings | $147M | $53.3M |
| Net margin | 13.2% | 11.5% |
| Operating cash flow | $147M | $73.9M |
| Free cash flow | $87.1M | $42.6M |
| Market value | $19.4B | $4.6B |
| P/E | 35.1× | 55.7× |
| Analysts’ mean target | $420.50 | $53.75 |
Where the revenue comes from
Woodward
- Aerospace: $709M (64%)
- Industrial: $401M (36%)
Forgent Power Solutions
- Custom products: $292M (63%)
- Powertrain solutions: $147M (32%)
- Services: $12.3M (3%)
- Standard products: $11.2M (2%)
Questions
Which is bigger, Woodward or Forgent Power Solutions?
Woodward is the larger company: $1.1B of revenue in its latest quarter (Q3 FY26) against $462M for Forgent Power Solutions (Q4 FY26).
Is Woodward or Forgent Power Solutions growing faster?
Forgent Power Solutions is growing faster (+94% against +21% a year earlier).
Which is more profitable, Woodward or Forgent Power Solutions?
Forgent Power Solutions is more profitable, with an operating margin of 19.9% against 17.4%.
More: Woodward earnings · how Woodward makes money · Forgent Power Solutions earnings · how Forgent Power Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 30, 2026; 10-K filed Sep 15, 2026). Fiscal quarters can end on different dates. Not investment advice.