Woodward, Inc. (WWD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.09B | 996.45M | 995.26M | 915.45M | 883.63M | 772.73M | 854.49M | 847.69M | 835.34M | 786.73M | 777.07M | 800.66M | 718.21M | 618.62M | 640.03M | 614.33M | 586.84M | 541.59M | 570.22M | 556.67M |
| Revenue Growth % | 23.42% | 28.95% | 16.47% | 7.99% | 5.78% | -1.78% | 9.96% | 5.87% | 16.31% | 27.18% | 21.41% | 30.33% | 22.39% | 14.22% | 12.24% | 10.36% | 0.95% | 0.74% | 7.33% | 6.27% |
| Cost of Goods Sold | 774.66M | 704.29M | 717.86M | 666.29M | 643.53M | 583.09M | 646.73M | 617.7M | 600.95M | 582.38M | 587.51M | 596.25M | 559.15M | 492.66M | 504.51M | 480.4M | 453.43M | 419.15M | 436.43M | 422.46M |
| COGS % of Revenue | 71.03% | 70.68% | 72.13% | 72.78% | 72.83% | 75.46% | 75.69% | 72.87% | 71.94% | 74.03% | 75.61% | 74.47% | 77.85% | 79.64% | 78.83% | 78.2% | 77.27% | 77.39% | 76.54% | 75.89% |
| Gross Profit | 315.91M | 292.16M | 277.4M | 249.16M | 240.1M | 189.63M | 207.75M | 229.99M | 234.39M | 204.35M | 189.56M | 204.41M | 159.06M | 125.96M | 135.53M | 133.93M | 133.41M | 122.44M | 133.78M | 134.22M |
| Gross Margin % | 28.97% | 29.32% | 27.87% | 27.22% | 27.17% | 24.54% | 24.31% | 27.13% | 28.06% | 25.97% | 24.39% | 25.53% | 22.15% | 20.36% | 21.18% | 21.8% | 22.73% | 22.61% | 23.46% | 24.11% |
| Gross Profit Growth % | 31.57% | 54.07% | 33.52% | 8.34% | 2.44% | -7.2% | 9.6% | 12.51% | 47.35% | 62.24% | 39.87% | 52.63% | 19.23% | 2.88% | 1.3% | -0.22% | -9.29% | -9.96% | 8.08% | 4.6% |
| Operating Expenses | 148.4M | 132.74M | 126.63M | 129.09M | 116.57M | 95.69M | 106.59M | 112.53M | 113.56M | 101.07M | 86.66M | 100.35M | 113.51M | 92.14M | 75.87M | 77.69M | 76.76M | 86.69M | 64.3M | 75.98M |
| OpEx % of Revenue | 13.61% | 13.32% | 12.72% | 14.1% | 13.19% | 12.38% | 12.47% | 13.27% | 13.59% | 12.85% | 11.15% | 12.53% | 15.8% | 14.89% | 11.85% | 12.65% | 13.08% | 16.01% | 11.28% | 13.65% |
| Selling, General & Admin | 102.28M | 94.98M | 87.58M | 88M | 79.34M | 65.49M | 71.9M | 73.8M | 77.1M | 70.27M | 54.59M | 65.32M | 75.73M | 63.5M | 46.08M | 45.47M | 44.37M | 61.3M | 36.6M | 46.22M |
| SG&A % of Revenue | 9.38% | 9.53% | 8.8% | 9.61% | 8.98% | 8.47% | 8.41% | 8.71% | 9.23% | 8.93% | 7.03% | 8.16% | 10.54% | 10.27% | 7.2% | 7.4% | 7.56% | 11.32% | 6.42% | 8.3% |
| Research & Development | 46.12M | 37.76M | 39.04M | 41.09M | 37.23M | 30.21M | 34.69M | 38.73M | 36.47M | 30.79M | 32.06M | 35.03M | 37.78M | 28.63M | 29.78M | 32.22M | 32.38M | 25.39M | 27.7M | 29.77M |
| R&D % of Revenue | 4.23% | 3.79% | 3.92% | 4.49% | 4.21% | 3.91% | 4.06% | 4.57% | 4.37% | 3.91% | 4.13% | 4.38% | 5.26% | 4.63% | 4.65% | 5.25% | 5.52% | 4.69% | 4.86% | 5.35% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 167.5M | 159.42M | 150.78M | 120.07M | 123.53M | 93.94M | 101.16M | 117.46M | 120.83M | 103.28M | 102.91M | 104.06M | 45.56M | 33.82M | 59.66M | 56.24M | 56.66M | 35.75M | 69.48M | 58.24M |
| Operating Margin % | 15.36% | 16% | 15.15% | 13.12% | 13.98% | 12.16% | 11.84% | 13.86% | 14.46% | 13.13% | 13.24% | 13% | 6.34% | 5.47% | 9.32% | 9.15% | 9.65% | 6.6% | 12.19% | 10.46% |
| Operating Income Growth % | 35.6% | 69.71% | 49.04% | 2.22% | 2.24% | -9.05% | -1.69% | 12.88% | 165.23% | 205.39% | 72.48% | 85.03% | -19.59% | -5.39% | -14.13% | -3.43% | -26.22% | -28.22% | 21.71% | 48.68% |
| EBITDA | 197.41M | 188.46M | 179.96M | 148.72M | 151.09M | 121.81M | 130.49M | 146.25M | 150.05M | 132.11M | 133.35M | 134.11M | 75.51M | 63.12M | 89.03M | 86.17M | 87.27M | 66.47M | 101.21M | 90.48M |
| EBITDA Margin % | 18.1% | 18.91% | 18.08% | 16.25% | 17.1% | 15.76% | 15.27% | 17.25% | 17.96% | 16.79% | 17.16% | 16.75% | 10.51% | 10.2% | 13.91% | 14.03% | 14.87% | 12.27% | 17.75% | 16.25% |
| EBITDA Growth % | 30.65% | 54.71% | 37.91% | 1.69% | 0.7% | -7.79% | -2.14% | 9.06% | 98.72% | 109.28% | 49.78% | 55.63% | -13.47% | -5.03% | -12.03% | -4.77% | -20.14% | -19.8% | 11.63% | 26.95% |
| D&A (Non-Cash Add-back) | 29.91M | 29.04M | 29.18M | 28.65M | 27.57M | 27.88M | 29.33M | 28.79M | 29.23M | 28.82M | 30.44M | 30.04M | 29.95M | 29.3M | 29.37M | 29.93M | 30.61M | 30.72M | 31.73M | 32.24M |
| EBIT | 167.5M | 179.5M | 169.98M | 120.07M | 123.53M | 93.94M | 101.16M | 117.46M | 120.83M | 103.28M | 102.91M | 104.06M | 45.56M | 33.82M | 59.66M | 56.24M | 56.66M | 35.75M | 69.48M | 58.24M |
| Net Interest Income | -11.32M | -9.64M | -9.27M | -10.4M | -10.87M | -10.96M | -11.51M | -9.79M | -10.24M | -9.96M | -10.38M | -11.66M | -12.34M | -10.78M | -9.19M | -8.18M | -7.7M | -7.67M | -8.32M | -8.09M |
| Interest Income | 715K | 701K | 953K | 838K | 1.02M | 1.38M | 1.96M | 1.73M | 1.29M | 1.47M | 1.36M | 516K | 508K | 366K | 320K | 353K | 500K | 641K | 409K | 308K |
| Interest Expense | 12.04M | 10.34M | 10.22M | 11.23M | 11.89M | 12.34M | 13.48M | 11.52M | 11.53M | 11.44M | 11.74M | 12.18M | 12.85M | 11.14M | 9.51M | 8.53M | 8.2M | 8.31M | 8.73M | 8.4M |
| Other Income/Expense | -77K | 9.73M | 8.98M | 6.77M | 9.44M | 7.92M | 367K | 4.63M | -202K | 6.44M | -4.87M | 1.68M | -5.32M | -2.07M | -1.89M | -5.95M | -2.56M | 2M | -8.45M | 460K |
| Pretax Income | 167.43M | 169.15M | 159.76M | 126.84M | 132.96M | 101.85M | 101.53M | 122.1M | 120.62M | 109.72M | 98.04M | 105.74M | 40.24M | 31.75M | 57.77M | 50.29M | 54.1M | 37.75M | 61.03M | 58.7M |
| Pretax Margin % | 15.35% | 16.98% | 16.05% | 13.86% | 15.05% | 13.18% | 11.88% | 14.4% | 14.44% | 13.95% | 12.62% | 13.21% | 5.6% | 5.13% | 9.03% | 8.19% | 9.22% | 6.97% | 10.7% | 10.54% |
| Income Tax | 33.41M | 35.43M | 22.14M | 18.39M | 24.01M | 14.76M | 18.23M | 20.02M | 23.07M | 19.68M | 15.39M | 21.14M | 4.73M | 2.14M | 3.73M | 10.84M | 6.19M | 7.44M | 11.13M | 9.84M |
| Effective Tax Rate % | 19.96% | 20.95% | 13.86% | 14.5% | 18.06% | 14.49% | 17.96% | 16.4% | 19.12% | 17.93% | 15.7% | 19.99% | 11.75% | 6.75% | 6.45% | 21.56% | 11.44% | 19.71% | 18.23% | 16.76% |
| Net Income | 134.01M | 133.72M | 137.62M | 108.45M | 108.95M | 87.09M | 83.3M | 102.08M | 97.56M | 90.04M | 82.65M | 84.6M | 35.51M | 29.61M | 54.04M | 39.45M | 47.91M | 30.3M | 49.91M | 48.86M |
| Net Margin % | 12.29% | 13.42% | 13.83% | 11.85% | 12.33% | 11.27% | 9.75% | 12.04% | 11.68% | 11.45% | 10.64% | 10.57% | 4.94% | 4.79% | 8.44% | 6.42% | 8.16% | 5.6% | 8.75% | 8.78% |
| Net Income Growth % | 23.01% | 53.54% | 65.22% | 6.24% | 11.68% | -3.28% | 0.78% | 20.66% | 174.72% | 204.14% | 52.94% | 114.47% | -25.87% | -2.31% | 8.29% | -19.27% | -29.87% | -27.1% | -12.81% | 27.03% |
| Net Income (Continuing) | 134.01M | 133.72M | 137.62M | 108.45M | 108.95M | 87.09M | 83.3M | 102.08M | 97.56M | 90.04M | 82.65M | 84.6M | 35.51M | 29.61M | 54.04M | 39.45M | 47.91M | 30.3M | 49.91M | 48.86M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.19 | 2.17 | 2.23 | 1.76 | 1.78 | 1.42 | 1.36 | 1.63 | 1.56 | 1.46 | 1.33 | 1.37 | 0.58 | 0.49 | 0.88 | 0.64 | 0.74 | 0.47 | 0.76 | 0.74 |
| EPS Growth % | 23.03% | 52.82% | 63.97% | 7.98% | 14.1% | -2.74% | 2.26% | 18.98% | 168.97% | 197.96% | 51.14% | 114.06% | -21.62% | 4.26% | 15.79% | -13.51% | -28.85% | -26.56% | -14.61% | 21.31% |
| EPS (Basic) | 2.25 | 2.23 | 2.30 | 1.82 | 1.83 | 1.47 | 1.40 | 1.69 | 1.61 | 1.50 | 1.38 | 1.41 | 0.59 | 0.50 | 0.90 | 0.65 | 0.77 | 0.48 | 0.79 | 0.77 |
| Diluted Shares Outstanding | 61.46M | 61.59M | 61.72M | 61.37M | 61.34M | 61.14M | 62.08M | 62.52M | 62.37M | 61.85M | 62.04M | 61.59M | 61.23M | 60.93M | 61.23M | 62.09M | 64.62M | 65.1M | 65.71M | 65.91M |
| Basic Shares Outstanding | 59.73M | 59.84M | 59.92M | 59.44M | 59.43M | 59.22M | 60.08M | 60.42M | 60.43M | 60.02M | 60.1M | 60.06M | 59.81M | 59.67M | 59.93M | 60.51M | 62.55M | 63.09M | 63.5M | 63.56M |
| Dividend Payout Ratio | 14.24% | 12.54% | 12.19% | 15.44% | 15.3% | 16.97% | 17.8% | 14.82% | 15.5% | 14.67% | 16.05% | 15.63% | 37.12% | 38.35% | 21.11% | 29% | 24.81% | 33.81% | 20.65% | 21.14% |