Woodward, Inc. (WWD) Stock

Woodward, Inc. (WWD) is a Industrials stock trading at $342.28 (as of 2026-08-20), with a market capitalization of $20.39B and a trailing P/E of 36.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through two segments: Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft. These products are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems. It also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. This segment sells its products to original equipment manufacturers (OEMs), tier-one suppliers, and various contractors, as well as through aftermarket sales of components, such as provisioning spares or replacements, and spare parts. The Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. These products are used on industrial gas turbines, steam turbines, compressors, and reciprocating engines. This segment sells its aftermarket products, and other related services to OEMs through an independent network of distributors, as well as directly to end users. The company was founded in 1870 and is headquartered in Fort Collins, Colorado.

Understand Woodward, Inc.: how it makes money

Woodward designs, manufactures, and services control solutions for aerospace and industrial markets, earning money from products such as fuel pumps, actuators, specialty valves, and flight deck controls used on turbine engines and aircraft, plus industrial control solutions used in areas like transportation and power generation.

Woodward's profit is structurally driven by providing aircraft and industrial control components and related solutions across both new platform demand (OEM) and ongoing installed-base demand (commercial aftermarket), spread across its Aerospace and Industrial segments.

Revenue by segment (latest quarter)
Aerospace$0.6B
Industrial$0.4B

Business quality (Solid): Two-segment business with a clear product tie to aircraft propulsion and control systems, plus an identifiable Aerospace aftermarket revenue stream that can differ from pure OEM spending cycles.

Valuation: At 41× earnings, WWD trades 17% above the Electrical Equipment average (35×). Note: one-time items can distort reported P/E.

Bull case

  • Aerospace aftermarket provides a distinct revenue stream: Aerospace Commercial Aftermarket revenue is reported separately at 0.24 USD_B, alongside Aerospace Commercial Original Equipment Manufacturer revenue of 0.19 USD_B.
  • Broad aircraft control content across multiple functions: Products include fuel pumps, metering units, actuators, specialty valves, fuel nozzles, thrust reverser actuation systems, and flight deck controls, supported by use on commercial and private aircraft and rotorcraft, as well as military fixed-wing aircraft and rotorcraft.

Bear case

  • Exposure to aircraft program and fleet dynamics: Results depend on demand for control solutions used on commercial and military aircraft, which can be influenced by aircraft production and operational activity.
  • Industrial demand can vary across end markets: Industrial net sales (0.36 USD_B) reflects exposure to transportation (0.17 USD_B), power generation (0.12 USD_B), and oil and gas (0.07 USD_B), which can move differently.
Valuation — source: SEC EDGAR (first-party)
Price$342.28
Market Cap$20.39B
P/E Ratio36.9
EV / EBITDA25.6
Price / Book8.24
Price / Sales4.86
FCF Yield1.8%
DCF Value (model)$105.33
DCF Upside vs Price-69.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.57B
Net Margin12.4%
Revenue Growth (YoY)21.2%
EPS Growth (YoY)35.7%
FCF Growth (YoY)-12.1%
Financial Health — source: SEC EDGAR
Altman Z-Score8.44 (safe)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E36.9
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
vs Sector42.7%
vs Industry-2.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($2.26B)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorIndustrials
IndustryElectrical Equipment
CEOWilliam F. Lacey
Employees9,300
CountryUS
IPO Date1994-04-04

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Bloom Energy Corporation (BE)
  • First Solar, Inc. (FSLR)
  • Generac Holdings Inc. (GNRC)
  • Forgent Power Solutions, Inc. (FPS)
  • Franklin Electric Co., Inc. (FELE)
  • Plug Power Inc. (PLUG)
  • Thermon Group Holdings, Inc. (THR)
  • FuelCell Energy, Inc. (FCEL)
WWD earnings history · WWD institutional & insider holders · WWD KPIs & operating metrics · WWD financials · WWD investor presentations & press releases · WWD SEC filings · WWD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.