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

Woodward's industrial — research and development expense increased by 3.7% year-over-year, from $14.37M to $14.91M.

What does industrial — research and development expense mean?

Costs incurred by the Industrial segment to develop new products, improve existing technologies, or enhance manufacturing processes. This investment is critical for maintaining competitive advantage in energy control and emission-reduction markets.

Woodward WWD Industrial — Research And Development Expense

Other segment segments

Aerospace

$29.42M+38.6%

Similar metrics at other companies

MOG.BIndustrial — Research and Development Expense

$8.77M-2.0%

TXTIndustrial — Research and development costs

$16M+14.3%

KAIIndustrial Processing — Research and development expenses

$2.08M+29.8%

BKRIndustrial & Energy Technology — Research and development costs

$79M-6.0%

TELIndustrial Solutions — Research And Development And Engineering Expense

$116M+26.1%

MMMSafety and Industrial — Research, development and related expenses

$131M+4.8%

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 industrial — research and development expense?: Woodward (WWD) reported industrial — research and development expense of $14.91M in Q1 2026.
How has Woodward's industrial — research and development expense changed year-over-year?: Woodward's industrial — research and development expense increased by 3.7% year-over-year, from $14.37M to $14.91M.
What does industrial — research and development expense mean?: Costs incurred by the Industrial segment to develop new products, improve existing technologies, or enhance manufacturing processes. This investment is critical for maintaining competitive advantage in energy control and emission-reduction markets.