Income StatementBalance SheetCash FlowSegments
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Woodward Business Segments

Business, geographic, and product segment breakdowns

Woodward generates $4.0B in annual revenue across 2 key segments: Aerospace ($2.6B), and Industrial ($1.4B). Based on the Q1 2026 filing.

Aerospace (TTM)$2.6BIndustrial (TTM)$1.4B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$20.8B
P/E Ratio40.52
ROE21.13%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Aftermarket$163.9M$201.9M$215.5M—$244.9M$275.4M
Commercial OEM$154.1M$167.5M$175.2M$194.2M$187.9M$218.0M
Transportation$107.3M$132.1M$143.7M$105.4M$166.3M$176.9M
Defense Aftermarket$63.2M$54.5M$55.0M—$63.8M$150.9M
Power Generation$115.0M$126.5M$109.3M$163.3M$122.8M$135.9M
Oil And Gas$56.6M$63.3M$66.5M$65.3M$72.4M$74.5M
Defense OEM$112.8M$137.9M$150.4M$160.2M$138.2M$59.0M
Commercial Services$205.9M$205.9M$205.9M$205.9M——
Defense Services$59.3M$59.3M$59.3M$59.3M——

Revenue Remaining Performance Obligation

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Material Rights$507.5M$511.5M$512.4M$513.6M$506.8M$491.4M

Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Material Rights$2.0K$2.0K$2.0K$2.0K$2.0K$2.0K

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
PP&E (Net)———$35.7M——

Business Segments

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$1.9B$2.0B$2.0B$2.1B$2.1B$2.3B
Industrial$1.4B$1.5B$1.5B$1.5B$1.5B$1.5B

Cost of Goods Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$375.8M$407.1M——$453.8M$506.1M
Industrial$206.9M$235.7M——$250.2M$268.3M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$12.7M$12.6M——$13.1M$13.2M
Industrial$12.1M$12.0M——$12.8M$13.1M

Finite Lived Intangible Assets Accumulated Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$287.9M$289.3M$290.7M$292.1M$293.5M$294.9M
Industrial$134.6M$144.8M$161.1M$166.7M$172.9M$175.1M

Finite Lived Intangible Assets Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial$357.5M$371.7M$401.4M$401.8M$402.5M$393.0M
Aerospace$281.7M$281.7M$281.7M$281.7M$281.7M$281.7M

Intangible Assets (Net)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial$259.1M$264.7M$280.7M$275.9M$271.3M$259.8M
Aerospace$34.3M$33.1M$31.8M$30.6M$29.3M$28.1M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$455.4M$455.4M$455.4M$473.8M$472.9M$472.9M
Industrial$326.5M$336.6M$358.4M$358.5M$359.1M$352.6M

Goodwill Foreign Currency Translation Gain Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial-$18.9M$10.1M$21.8M$153.0K$624.0K-$6.5M
Aerospace-$8.3K-$8.3K-$8.3K-$8.3K$84.0K—

Goodwill Period Increase Decrease

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$4.6M$4.6M$4.6M$4.6M——

Goodwill Reduction From Divestiture

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace——$0.0—-$931.0K—

Intangible Assets Gross Excluding Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial$500.6M$520.1M$560.6M$560.6M$565.6M$552.5M
Aerospace$326.3M$326.3M$326.3M$326.3M$326.3M$326.3M

Intangible Assets Net Excluding Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial$366.1M$375.2M$399.5M$393.9M$392.6M$377.4M
Aerospace$38.4M$37.0M$35.6M$34.2M$32.8M$31.4M

Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$94.7M$124.6M——$148.4M$158.1M
Industrial$40.2M$46.0M——$67.0M$65.7M

R&D Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$17.6M$21.2M——$22.0M$29.4M
Industrial$11.3M$14.4M——$14.3M$14.9M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$493.9M$561.7M$596.0M$661.2M$634.9M$703.3M
Industrial$278.8M$321.9M$319.5M$334.1M$361.6M$387.2M

Segment Expenditure Addition To Long Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace$8.6M$10.4M——$23.7M$44.1M
Industrial$4.8M$7.0M——$10.9M$8.6M

Segment Reporting Other Item Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aerospace-$12.7M-$13.7M——-$17.9M-$18.1M
Industrial-$643.0K-$956.0K——-$659.0K-$1.1M

SG&A Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial$21.1M$26.8M——$30.8M$39.5M
Aerospace$18.5M$22.5M——$28.6M$27.9M

Indefinite Lived Intangible Assets Excluding Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Industrial$60.3M$62.8M$67.9M$68.0M$68.1M$66.5M