Woodward, Inc. (WWD) intrinsic value & 10-year financials
Woodward, Inc. (WWD) has a Graham intrinsic value of $151.98 per share. At $328.48 on Oct 17, 2026, the stock trades 116% above that value. Over the last 10 fiscal years revenue grew 6.5% a year to $3.6B, with an average return on invested capital of 10.2%.
- Graham intrinsic value
- $151.98
- Share price (Oct 17, 2026)
- $328.48
- Price vs Graham value
- 116% above
- Market cap
- $20.2B
- Revenue (FY2025)
- $3.6B
- Revenue growth (10-yr CAGR)
- 6.5%
- ROIC (10-yr avg)
- 10.2%
- Free cash flow (FY2025)
- $340.4M
WWD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.6B | $442.1M | $7.19 | $340.4M | — | 16.3% |
| FY2024 | $3.3B | $373.0M | $6.01 | $342.8M | — | 14.2% |
| FY2023 | $2.9B | $232.4M | $3.78 | $232.0M | — | 8.9% |
| FY2022 | $2.4B | $171.7M | $2.71 | $140.8M | — | 6.8% |
| FY2021 | $2.2B | $208.6M | $3.18 | $427.0M | — | 8.0% |
| FY2020 | $2.5B | $240.4M | $3.74 | $302.4M | — | 8.9% |
| FY2019 | $2.9B | $259.6M | $4.02 | $291.5M | — | 9.9% |
| FY2018 | $2.3B | $180.4M | $2.82 | $172.2M | — | 8.2% |
| FY2017 | $2.1B | $200.5M | $3.16 | $215.2M | — | 10.8% |
| FY2016 | $2.0B | $180.8M | $2.85 | $259.7M | — | 9.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Woodward, Inc. has demonstrated mature, steady growth, with revenue compounding at 6.5% annually over the past decade.
Woodward, Inc. returns on capital have been average, hovering around 10.2% ROIC over the decade.
Woodward, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Woodward, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $151.98 per share.