How has Woodward's aerospace — research and development expense changed year-over-year?

Woodward's aerospace — research and development expense increased by 38.6% year-over-year, from $21.22M to $29.42M.

What does aerospace — research and development expense mean?

Captures the investment in innovation, engineering, and product development specifically for the aerospace segment. These costs are essential for maintaining competitive advantage through new technology and product enhancements.

Woodward WWD Aerospace — Research And Development Expense

Other segment segments

Industrial

$14.91M+3.7%

Similar metrics at other companies

CWAerospace & Industrial — Research and development expenses

$6.83M+0.5%

GRMNAviation — Research And Development Expense

$89.46M+6.2%

MOG.BCommercial Aircraft — Research and Development Expense

$2.17M-18.0%

AIROAvionics — Research And Development Expense

$708K+189%

HXLEngineered Products — Research And Development Expense

$1.5M+36.4%

AIRODrones — Research And Development Expense

$3.8M+146%

Other financials

Income statement

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Revenue$1.1B+23.4%

Gross profit$315.9M+31.6%

Net income$134.0M+23.0%

EPS (diluted)$2.19+23.0%

Balance sheet

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Cash & equivalents$501.2M+37.6%

Total debt$1.1B+42.7%

Total equity$2.5B+8.0%

Total assets$5.0B+10.6%

Cash flow

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Operating cash flow$90.8M+16.7%

CapEx$52.6M+186%

Free cash flow$38.2M-35.6%

Valuation

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Market cap$25.35B+69.1%

Enterprise value$25.93B+68.6%

P/E49.3×+10.7×

P/S6.3×+2.0×

Profitability

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Gross margin28.4%+2.6pp

Net margin12.9%+1.5pp

FCF margin9.7%+0.3pp

Returns & leverage

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Return on equity21.1%+4.8pp

Debt / equity0.4×+0.1×

Current ratio1.7×-0.2×

Where this comes from

Reported directly by Woodward in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Woodward’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Woodward's aerospace — research and development expense?: Woodward (WWD) reported aerospace — research and development expense of $29.42M in Q1 2026.
How has Woodward's aerospace — research and development expense changed year-over-year?: Woodward's aerospace — research and development expense increased by 38.6% year-over-year, from $21.22M to $29.42M.
What does aerospace — research and development expense mean?: Captures the investment in innovation, engineering, and product development specifically for the aerospace segment. These costs are essential for maintaining competitive advantage through new technology and product enhancements.