Woodward, Inc.

WWD 10-Q · Q2 2026

WWD Q2 2026 request

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Income Statement

Income Statement
Metric Q2 2026 Q2 2025 YoY
Revenue 1,090,568 883,629 +23.4%
Show Product Lines breakouts
Commercial OEM [Member] · Aerospace [Member] 218,015 167,461 +30.2%
Commercial services · Aerospace [Member] 275,374 201,861 +36.4%
Defense OEM [Member] · Aerospace [Member] 59,000 137,928 -57.2%
Defense services · Aerospace [Member] 150,932 54,479 +177.0%
Oil And Gas · Industrial [Member] 74,463 63,322 +17.6%
Power Generation [Member] · Industrial [Member] 135,870 126,482 +7.4%
Transportation [Member] · Industrial [Member] 176,914 132,096 +33.9%
Show Business Segments breakouts
Aerospace [Member] 703,321 561,729 +25.2%
Aerospace [Member] · Operating Segments 703,321 561,729 +25.2%
Aerospace [Member] · Transferred At Point In Time 278,555 223,025 +24.9%
Aerospace [Member] · Transferred Over Time 424,766 338,704 +25.4%
Industrial [Member] 387,247 321,900 +20.3%
Industrial [Member] · Operating Segments 387,247 321,900 +20.3%
Industrial [Member] · Transferred At Point In Time 221,071 178,801 +23.6%
Industrial [Member] · Transferred Over Time 166,176 143,099 +16.1%
Show Consolidation Items breakouts
Operating Segments 1,090,568 883,629 +23.4%
Show Timing Of Transfer Of Good Or Service breakouts
Transferred At Point In Time 499,626 401,826 +24.3%
Transferred Over Time 590,942 481,803 +22.7%
Cost of Revenue 774,660 643,530 +20.4%
Show Business Segments breakouts
Aerospace [Member] · Operating Segments 506,058 407,063 +24.3%
Industrial [Member] · Operating Segments 268,272 235,704 +13.8%
Show Consolidation Items breakouts
Operating Segments 774,330 642,767 +20.5%
Selling, General & Administrative 102,285 83,842 +22.0%
Show Business Segments breakouts
Aerospace [Member] · Operating Segments 27,912 22,490 +24.1%
Industrial [Member] · Operating Segments 39,488 26,813 +47.3%
Show Consolidation Items breakouts
Operating Segments 67,400 49,303 +36.7%
Research & Development 46,119 37,230 +23.9%
Show Business Segments breakouts
Aerospace [Member] · Operating Segments 29,416 21,223 +38.6%
Industrial [Member] · Operating Segments 14,906 14,372 +3.7%
Show Consolidation Items breakouts
Operating Segments 44,322 35,595 +24.5%
Restructuring Charges 6,815
Show Restructuring Cost And Reserve breakouts
Employee Severance 6,815
Interest Expense 12,035 11,889 +1.2%
Interest Income -715 -1,021 +30.0%
Other Non-Operating Income (Expense) -18,058 -24,804 +27.2%
Costs And Expenses All 923,141 750,666 +23.0%
Income Before Taxes 167,427 132,963 +25.9%
Income Tax Expense (Benefit) 33,414 24,014 +39.1%
Net Income 134,013 108,949 +23.0%
Show Equity Components breakouts
Retained Earnings 134,013 108,949 +23.0%
EPS (Basic) 2.25 1.83 +23.0%
EPS (Diluted) 2.19 1.78 +23.0%
Wtd Avg Shares (Basic) 59,611 59,432 +0.3%
Wtd Avg Shares (Diluted) 61,276 61,344 -0.1%
Revenue (Q)
Show Equity Method Investment Nonconsolidated Investee breakouts
Woodward and General Electric Joint Venture [Member] · Related Party 31,220 24,270 +28.6%
Operating Income (Q)
Show Business Segments breakouts
Aerospace [Member] · Operating Segments 158,075 124,616 +26.8%
Industrial [Member] · Operating Segments 65,721 45,967 +43.0%
Show Consolidation Items breakouts
Operating Segments 223,796 170,583 +31.2%
Comprehensive Income 118,935 132,180 -10.0%
Other Comprehensive Income -15,078 23,231 -164.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -95 211 -145.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent -462 5,158 -109.0%
Accumulated Other Comprehensive Income -15,078 23,231 -164.9%
Accumulated Translation Adjustment -14,521 17,862 -181.3%
Income Loss From Equity Method Investments 15,558 11,386 +36.6%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Woodward and General Electric Joint Venture [Member] 15,558 11,386 +36.6%
Operating Lease Lease Income 1,016 903 +12.5%

Balance Sheet

Balance Sheet
Metric Q2 2026 Q2 2025 YoY
Current Assets
Cash & Cash Equivalents 501,169 364,141 +37.6%
Accounts And Other Receivables Net Current 931,231 831,500 +12.0%
Inventory 704,465 634,508 +11.0%
Income Taxes Receivable 69,743 21,280 +227.7%
Other Assets Current 65,314 60,508 +7.9%
Total Current Assets 2,271,922 1,911,937 +18.8%
Accounts Receivable 536,474 495,659 +8.2%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Woodward and General Electric Joint Venture [Member] · Related Party 6,523 5,729 +13.9%
Non-Current Assets
Property, Plant & Equipment 1,034,798
Show Consolidation Items breakouts
Corporate Non Segment 122,023
Goodwill 825,503
Show Business Segments breakouts
Aerospace [Member] 472,895
Industrial [Member] 352,608
Deferred Tax Assets 44,737 85,631 -47.8%
Other Non-Current Assets 383,351 362,369 +5.8%
Total Assets 4,969,112
Show Business Segments breakouts
Aerospace [Member] · Operating Segments 2,276,086
Industrial [Member] · Operating Segments 1,506,784
Operating Lease Right-of-Use Assets 23,876 25,471 -6.3%
Intangible Assets 342,329 349,391 -2.0%
Show Business Segments breakouts
Aerospace [Member] · Customer Relationships 28,095 33,052 -15.0%
Aerospace [Member] · Process Technology [Member] 3,289 3,910 -15.9%
Industrial [Member] · Customer Relationships 259,815 264,659 -1.8%
Industrial [Member] · Process Technology [Member] 51,130 47,770 +7.0%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 287,910 297,711 -3.3%
Process Technology [Member] 54,419 51,680 +5.3%
Other Assets
Intangible Assets Net Excluding Goodwill 408,801 412,186 -0.8%
Show Business Segments breakouts
Aerospace [Member] 31,384 36,962 -15.1%
Industrial [Member] 377,417 375,224 +0.6%
Industrial [Member] · Trade Names 66,472
Show Finite Lived Intangible Assets By Major Class breakouts
Trade Names 66,472
Current Liabilities
Short Term Borrowings 623,000 261,100 +138.6%
Current Portion of Long-Term Debt 46,905 160,989 -70.9%
Accounts Payable 305,855 269,318 +13.6%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Woodward and General Electric Joint Venture [Member] · Related Party 9,571 6,129 +56.2%
Accrued Income Taxes Current 54,532 46,025 +18.5%
Accrued Liabilities 281,463 242,285 +16.2%
Total Current Liabilities 1,311,755 979,717 +33.9%
Deferred Revenue (Current) 60,667 47,419 +27.9%
Show Fair Value By Liability Class breakouts
Deferred Revenue From Advance Invoicing And/Or Prepayments From Customers [Member] 21,672 15,749 +37.6%
Deferred Revenue From Material Rights From JV Formation [Member] 7,689 6,939 +10.8%
Deferred Revenue From Material Rights Related To Engineering And Development Funding [Member] 9,080 8,083 +12.3%
Liability Related To Customer Supplied Inventory [Member] 22,226 16,648 +33.5%
Non-Current Liabilities
Long-Term Debt 453,373 489,821 -7.4%
Deferred Tax Liabilities 105,332 117,984 -10.7%
Other Non-Current Liabilities 573,192 568,440 +0.8%
Total Liabilities 2,443,652 2,155,962 +13.3%
Operating Lease Liabilities 18,994 20,229 -6.1%
Contract With Customer Liability Noncurrent 417,211 432,909 -3.6%
Show Fair Value By Liability Class breakouts
Deferred Revenue From Advance Invoicing And/Or Prepayments From Customers [Member] 569 7,542 -92.5%
Deferred Revenue From Material Rights From JV Formation [Member] 230,266 234,069 -1.6%
Deferred Revenue From Material Rights Related To Engineering And Development Funding [Member] 186,376 191,298 -2.6%
Stockholders' Equity
Common Stock 106 106 0.0%
Additional Paid In Capital Common Stock 544,888 449,152 +21.3%
Accumulated Other Comprehensive Income -19,746 -50,478 +60.9%
Deferred Compensation In Equity 1,918 1,763 +8.8%
Retained Earnings 3,832,274 3,387,846 +13.1%
Stockholders Equity Before Treasury Stock 4,359,440 3,788,389 +15.1%
Treasury Stock Value -1,832,062 -1,449,119 -26.4%
Treasury Stock Held For Deferred Compensation At Cost -1,918 -1,763 -8.8%
Total Stockholders' Equity 2,525,460 2,337,507 +8.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 14,217 11,508 +23.5%
Accumulated Gain Loss Net Cash Flow Hedge Parent -3,927 -7,334 +46.5%
Accumulated Other Comprehensive Income -19,746 -50,478 +60.9%
Accumulated Translation Adjustment -30,036 -54,652 +45.0%
Additional Paid In Capital 544,888 449,152 +21.3%
Common Stock 106 106 0.0%
Deferred Compensation [Member] 1,918 1,763 +8.8%
Retained Earnings 3,832,274 3,387,846 +13.1%
Treasury Stock Common -1,832,062 -1,449,119 -26.4%
Treasury Stock Held for Deferred Compensation [Member] -1,918 -1,763 -8.8%
Total Liabilities & Equity 4,969,112 4,493,469 +10.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2026 YTD Q2 2025 YoY
Operating Activities
Depreciation & Amortization 58,944 55,442 +6.3%
Show Business Segments breakouts
Aerospace [Member] · Operating Segments 26,297 25,341 +3.8%
Industrial [Member] · Operating Segments 25,909 24,115 +7.4%
Show Consolidation Items breakouts
Corporate Non Segment 6,738 5,986 +12.6%
Gain Loss On Disposition Of Assets1 36 -20,049 +100.2%
Stock-Based Compensation 21,123 19,376 +9.0%
Deferred Income Taxes 75,581 -1,503 +5128.7%
Change in Accounts Receivable -59,624 -41,912 -42.3%
Increase Decrease In Contract With Customer Asset -49,077 -25,310 -93.9%
Increase Decrease In Costs To Fulfill Contract 5,697 -7,180 +179.3%
Change in Inventory -52,633 -49,582 -6.2%
Increase Decrease In Accounts Payable And Accrued Liabilities 9,871 -14,065 +170.2%
Change in Deferred Revenue -2,263 1,707 -232.6%
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable -72,296 1,152 -6375.7%
Increase Decrease In Pension And Postretirement Obligations -2,032 -1,859 -9.3%
Increase Decrease In Other Operating Capital Net 4,205 84 +4906.0%
Net Cash from Operations 205,264 112,341 +82.7%
Investing Activities
Capital Expenditures -96,720 -51,990 -86.0%
Proceeds From Sale Of Short Term Investments 65 2,923 -97.8%
Payments To Acquire Businesses Net Of Cash Acquired -2,808
Net Cash from Investing -99,463 -4,138 -2303.6%
Financing Activities
Payments Of Ordinary Dividends -35,853 -31,453 -14.0%
Proceeds From Sale Of Treasury Stock 40,388 49,717 -18.8%
Share Repurchases -355,297 -79,493 -347.0%
Proceeds From Lines Of Credit 2,010,053 1,350,200 +48.9%
Repayments Of Lines Of Credit -1,509,353 -1,306,100 -15.6%
Repayments Of Long Term Debt And Capital Securities -75,507 -473 -15863.4%
Net Cash from Financing 74,431 -17,602 +522.9%
Supplemental
Interest Paid 17,838 18,366 -2.9%
Unpaid Capital Expenditures 10,808 6,292 +71.8%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -6,494 -8,730 +25.6%
Net Change in Cash 173,738 81,871 +112.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 501,169 364,141 +37.6%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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