Income StatementBalance SheetCash FlowSegments
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Woodward Cash Flow Statement

Operating, investing, and financing cash movements

Woodward generated $564.2M in operating cash flow over the trailing twelve months. After $175.7M in capital expenditures, free cash flow was $388.6M. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$564.2MNet Cash From Investing (TTM)-$214.9MNet Cash From Financing (TTM)-$221.9MCapital Expenditures (TTM)$175.7MDepreciation And Amortization Cf (TTM)$116.8MNet Change In Cash (TTM)-$87.1M
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$20.8B
P/E Ratio40.52
ROE21.13%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$10.4M$10.4M$10.4M$10.4M$4.2M—
Capital expenditures$33.6M$18.4M$26.5M$52.4M$44.1M$52.6M
Proceeds From Sale Of Short Term Investments$36.0K$2.9M$12.0K$8.0K——
Net cash from investing activities-$32.1M—-$23.4M-$92.0M-$48.3M-$51.1M
Proceeds from maturities/sales of investments$36.0K$2.9M$12.0K$8.0K——
Proceeds from sale of businesses$1.4M$43.5M$3.1M$2.0M——

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$94.6M$80.6M$26.4M$44.4M-$77.7M$87.6M
Change in accounts receivable-$83.5M$125.4M——-$64.6M$124.2M
Change in deferred revenue-$4.4M$6.1M-$3.1M-$1.6M-$10.8M—
Change in income taxes payable/receivable$6.4M—-$27.1M$58.0M-$50.7M-$21.6M
Change in inventories$49.5M$68.0K$13.5M—$34.5M$18.1M
Other working capital changes-$2.9M$2.8M$8.4M$4.4M-$7.1M—
Deferred income taxes-$1.5M$0.0-$1.0K-$50.9M$75.6M—
Depreciation and amortization$27.9M$27.6M$28.7M$29.2M$29.0M$29.9M
Gain (loss) on sale of assets$9.2M$10.8M-$579.0K$0.0-$18.0K-$18.0K
Net cash from operating activities$34.5M$77.8M$125.6M$233.3M$114.4M$90.8M
Net income$87.1M$108.9M$108.4M$137.6M$133.7M$134.0M
Increase Decrease In Costs To Fulfill Contract$3.1M$4.1M$4.2M$3.4M-$2.8M-$2.9M
Pension and postretirement benefit expense-$840.0K-$1.0M-$795.0K-$752.0K-$866.0K-$1.2M
Stock-based compensation$6.7M$12.7M$6.1M$6.2M$7.0M$14.1M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$668.3M$681.9M$607.7M$328.0M$1.3B$755.4M
Repayments of debt$236.0K$237.0K$85.2M$253.0K$75.3M$255.0K
Dividends paid$14.8M$16.7M$16.7M$16.8M$16.8M$19.1M
Net cash from financing activities$19.4M-$37.0M-$8.5M-$287.8M$60.2M$14.3M
Proceeds from issuance of common stock$28.9M$20.8M$46.3M$8.5M$20.9M$19.5M
Repurchases of common stock$35.5M$44.0M$44.8M$48.6M$129.4M$225.9M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$942.0K$59.4M$99.1M$180.9M$70.3M$38.2M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$20.3M$11.6M$15.3M$789.0K$550.0K-$7.0M
Net increase (decrease) in cash$1.5M$80.4M$109.0M—$126.8M$46.9M