Woodward, Inc. income statement

In fiscal 2025, Woodward, Inc. reported revenue of $3.57bn, up 7.3% on the year before and net income of $442m, or $7.19 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Woodward, Inc.: income statement, annual
Fiscal year	2009Sept 2009	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	LTMJun 2026
Revenue	1,430	1,457	1,712	1,866	1,936	2,001	2,038	2,023	2,099	2,326	2,900	2,496	2,246	2,383	2,915	3,324	3,567	4,192
Cost of revenue	—	—	—	—	—	—	—	1,484	1,528	1,723	2,193	1,855	1,695	1,857	2,237	2,448	2,611	2,957
Gross profit	—	—	—	—	—	—	—	539	571	603	708	640	551	525	678	876	956	1,235
Research and development	79	83	116	143	130	138	134	126	127	148	159	133	117	120	132	141	148	172
Selling, general and administrative	129	136	149	165	168	155	177	174	177	194	211	218	187	203	270	307	330	391
Interest expense	34	29	25	26	27	23	25	27	36	40	44	36	34	35	48	48	46	47
Provision for credit losses	—	—	—	—	—	—	—	—	—	—	6	5	2	0	7	3	2	6
Income before tax	122	155	188	198	200	227	241	226	253	220	321	282	246	200	276	454	521	690
Income tax	28	44	55	56	54	61	59	46	52	39	61	41	37	28	43	81	79	138
Net income	94	111	132	142	146	166	181	181	201	180	260	240	209	172	232	373	442	552
Diluted EPS	$1.37	$1.59	$1.89	$2.01	$2.10	$2.45	$2.75	$2.85	$3.16	$2.82	$4.02	$3.74	$3.18	$2.71	$3.78	$6.01	$7.19	$8.98
Diluted shares (average)	69m	70m	70m	70m	70m	68m	66m	64m	64m	64m	64m	64m	66m	63m	61m	62m	61m	61m

US$ millions unless shown otherwise. Fiscal quarters.

Woodward, Inc.: income statement, quarterly
Quarter	2024 Q4Sept 2024	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026
Revenue	854	773	884	915	995	996	1,091	1,110
Cost of revenue	647	583	644	666	718	704	775	760
Gross profit	208	190	240	249	277	292	316	350
Research and development	35	30	37	41	39	38	46	49
Selling, general and administrative	78	70	84	89	88	95	102	106
Interest expense	13	12	12	11	10	10	12	15
Provision for credit losses	1	0	1	1	1	4	−0	2
Income before tax	102	102	133	127	160	169	167	194
Income tax	18	15	24	18	22	35	33	47
Net income	83	87	109	108	138	134	134	147
Diluted EPS	$1.36	$1.42	$1.78	$1.76	$2.23	$2.17	$2.19	$2.40

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: MOG.A vs WWD DRS vs WWD CW vs WWD

More: Aerospace & Defense stocks compared, Industrials sector, rankings of US companies

Figures from Woodward, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Woodward, Inc.