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Woodward logo
Woodward WWD
$ 334.26 -0.28%
report update icon

Quarterly report 2026-Q3
added 07-30-2026

Woodward Balance Sheet 2025-2007 | WWD

Brief overview of Woodward's balance sheet structure

This overview follows the five latest available annual observations between 2021 and 2025.

The balance sheet expanded from $4.1 billion to $4.6 billion. Growth of +13.2% and CAGR of 3.1% look measured and sustainable.

Liabilities followed the scale of the balance sheet: +10% versus +13.2% for assets. Leverage did not change materially.

The equity ratio reached 55.4% from 54.1%. A high capital share reduces dependence on liabilities.

The net-debt-to-equity ratio is 0.05x. Balance sheet leverage is low on this measure.

Cash accounts for 7.1% of assets versus 11% initially. The change indicates the degree of financial flexibility.

Retained earnings stand at $3.6 billion; the five-period change was +38.4%. This reflects accumulated business performance.

What the balance sheet shows

Taken together, the figures indicate acceptable resilience for Woodward. The next assessment depends on debt and equity trends.

Annual Balance Sheet Woodward

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Net Debt

135 M 293 M 513 M 607 M 291 M 589 M 987 M 1.17 B 525 M 646 M 770 M 595 M 501 M 330 M 351 M 338 M - - -

Long Term Debt

457 M 570 M 646 M 710 M 734 M 737 M 865 M 1.09 B 580 M 577 M 850 M 710 M 450 M 384 M 407 M 444 M - - -

Long Term Debt Current

5.46 M 5.03 M 4.59 M 4.59 M 5.26 M 4.92 M - - - - - - - - - - - - -

Total Non Current Liabilities

- - - - - - 1.52 B 1.66 B 958 M 949 M 1.05 B 896 M 650 M 572 M 581 M - - - -

Total Current Liabilities

907 M 924 M 617 M 539 M 366 M 392 M 707 M 611 M 427 M 481 M 338 M 340 M 413 M 280 M 281 M 263 M 262 M - -

Total Liabilities

2.06 B 2.19 B 1.94 B 1.91 B 1.88 B 1.91 B 2.23 B 2.25 B 1.39 B 1.43 B 1.39 B 1.24 B 1.06 B 852 M 862 M 860 M 985 M - -

Deferred Revenue

49.2 M 56.8 M 33.7 M 30.7 M 29.5 M 24.6 M 27.9 M 9.66 M 11.1 M 12.3 M 10 M 6.11 M 6.3 M 7.23 M 8.16 M 12.4 M - - -

Retained Earnings

3.6 B 3.22 B 2.91 B 2.73 B 2.6 B 2.43 B 2.22 B 1.97 B 1.82 B 1.65 B 1.5 B 1.34 B 1.19 B 1.07 B 950 M 836 M 742 M - -

Total Assets

4.63 B 4.37 B 4.01 B 3.81 B 4.09 B 3.9 B 3.96 B 3.79 B 2.76 B 2.64 B 2.54 B 2.4 B 2.21 B 1.86 B 1.78 B 1.66 B 1.7 B - -

Cash and Cash Equivalents

327 M 282 M 137 M 108 M 448 M 153 M 99.1 M 83.6 M 87.6 M 81.1 M 82.2 M 115 M 48.6 M 61.8 M 74.5 M 106 M 101 M 110 M 71.6 M

Book Value

2.57 B 2.18 B 2.07 B 1.9 B 2.21 B 1.99 B 1.73 B 1.54 B 1.37 B 1.21 B 1.15 B 1.16 B 1.14 B 1.01 B 919 M 803 M 712 M - -

Total Shareholders Equity

2.57 B 2.18 B 2.07 B 1.9 B 2.21 B 1.99 B 1.73 B 1.58 B 1.37 B 1.21 B 1.15 B 1.16 B 1.14 B 1.01 B 919 M 803 M 709 M 632 M 547 M

All numbers in USD currency

Quarterly Balance Sheet Woodward

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3

Long Term Debt

618 M 453 M 457 M 457 M 504 M 504 M 490 M 483 M 563 M 563 M 649 M 653 M 651 M 651 M 652 M 649 M 710 M - 728 M 730 M 734 M 739 M 734 M 745 M 737 M 737 M 737 M 729 M 865 M 865 M 865 M 1.02 B 1.09 B 1.09 B 1.09 B 583 M 580 M 580 M 580 M 570 M 577 M 577 M 577 M 787 M 848 M 850 M 850 M 700 M 710 M 665 M 584 M 584 M 450 M 450 M 450 M 590 M 392 M 392 M 392 M 413 M 425 M 425 M 425 M -

Total Liabilities

2.72 B 2.44 B 2.15 B 2.15 B 2.24 B 2.24 B 2.16 B 2.07 B 2.16 B 2.16 B 2.04 B 1.94 B 1.92 B 1.92 B 2 B 1.96 B 1.91 B - 1.84 B 1.81 B 1.88 B 1.89 B 1.88 B 1.9 B 1.91 B 1.91 B 1.91 B 2.21 B 2.23 B 2.23 B 2.23 B 2.23 B 2.25 B 2.25 B 2.25 B 1.32 B 1.39 B 1.39 B 1.39 B 1.35 B 1.43 B 1.43 B 1.43 B 1.37 B 1.36 B 1.36 B 1.39 B 1.19 B 1.24 B 1.24 B 1.24 B 1.07 B 1.08 B 1.08 B 1.08 B 1.01 B 852 M 852 M 852 M 798 M 862 M 862 M 862 M 829 M

Deferred Revenue

51.8 M 60.7 M 49.1 M 49.1 M 48.3 M 48.3 M 47.4 M 50.5 M 49.7 M 49.7 M 48.8 M 37.1 M 31.6 M 31.6 M 29.5 M 29.3 M 30.7 M - 28.8 M 30.1 M 29.5 M 29.5 M 29.5 M 29.4 M 24.6 M 24.6 M 24.6 M 25 M 27.9 M 27.9 M 27.9 M 28.2 M 2.57 M 2.69 M 3.37 M 3.57 M 4.62 M 4.62 M 4.62 M 7.58 M 5.78 M 5.78 M 5.78 M 9.02 M 10 M 10 M 10 M 9.28 M 6.11 M 6.11 M 6.11 M 6.05 M 6.3 M 6.3 M 6.3 M 10.9 M 7.23 M 7.23 M 7.23 M 5.15 M 8.16 M 8.16 M 8.16 M -

Retained Earnings

3.96 B 3.83 B 3.72 B 3.72 B 3.48 B 3.48 B 3.39 B 3.3 B 3.15 B 3.15 B 3.07 B 2.99 B 2.84 B 2.84 B 2.77 B 2.75 B 2.73 B - 2.66 B 2.62 B 2.6 B 2.56 B 2.6 B 2.46 B 2.43 B 2.43 B 2.43 B 2.27 B 2.22 B 2.22 B 2.22 B 2.03 B 1.97 B 1.97 B 1.97 B 1.83 B 1.82 B 1.82 B 1.82 B 1.69 B 1.65 B 1.65 B 1.65 B 1.51 B 1.5 B 1.5 B 1.5 B 1.38 B 1.34 B 1.34 B 1.34 B 1.21 B 1.19 B 1.19 B 1.19 B 1.09 B 1.07 B 1.07 B 1.07 B 973 M 950 M 950 M 950 M 807 M

Total Assets

5.2 B 4.97 B 4.73 B 4.73 B 4.71 B 4.71 B 4.49 B 4.28 B 4.32 B 4.32 B 4.37 B 4.13 B 4.01 B 4.01 B 4.01 B 3.89 B 3.81 B - 3.89 B 4.04 B 4.09 B 4.09 B 4.09 B 3.96 B 3.9 B 3.9 B 3.9 B 4.01 B 3.96 B 3.96 B 3.96 B 3.86 B 3.79 B 3.79 B 3.79 B 2.73 B 2.76 B 2.76 B 2.76 B 2.58 B 2.64 B 2.64 B 2.64 B 2.52 B 2.51 B 2.51 B 2.54 B 2.35 B 2.36 B 2.4 B 2.4 B 2.2 B 2.22 B 2.22 B 2.22 B 2.05 B 1.86 B 1.86 B 1.86 B 1.74 B 1.78 B 1.78 B 1.78 B 1.58 B

Cash and Cash Equivalents

475 M 501 M 454 M 454 M 473 M 473 M 364 M 284 M 308 M 308 M 317 M 144 M 114 M 114 M 129 M 99.3 M 108 M 99.7 M 208 M 427 M 448 M 362 M 448 M 202 M 153 M 153 M 202 M 148 M 99.1 M 99.1 M 148 M 71.6 M 83.6 M 83.6 M 100 M 85.8 M 87.6 M 89 M 87.6 M 80.9 M 81.1 M 81.1 M 80.9 M 84.4 M 82.2 M 82.2 M 84.4 M 58.5 M 115 M 115 M 58.5 M 54.6 M 48.6 M 48.6 M 54.6 M 69.5 M 61.8 M 61.8 M 69.5 M 50.4 M 74.5 M 74.5 M 50.4 M 78.7 M

Book Value

2.47 B 2.53 B 2.59 B 2.59 B 2.47 B 2.47 B 2.34 B 2.21 B 2.16 B 2.16 B 2.33 B 2.19 B 2.09 B 2.09 B 2.01 B 1.94 B 1.9 B - 2.05 B 2.22 B 2.21 B 2.2 B 2.21 B 2.06 B 1.99 B 1.99 B 1.99 B 1.8 B 1.73 B 1.73 B 1.73 B 1.63 B 1.54 B 1.54 B 1.54 B 1.4 B 1.37 B 1.37 B 1.37 B 1.22 B 1.21 B 1.21 B 1.21 B 1.14 B 1.15 B 1.15 B 1.15 B 1.16 B 1.12 B 1.16 B 1.16 B 1.13 B 1.14 B 1.14 B 1.14 B 1.04 B 1.01 B 1.01 B 1.01 B 938 M 919 M 919 M 919 M 749 M

Total Shareholders Equity

2.47 B 2.53 B 2.59 B 2.59 B 2.47 B 2.47 B 2.34 B 2.21 B 2.16 B 2.16 B 2.33 B 2.19 B 2.09 B 2.09 B 2.01 B 1.94 B 1.9 B 1.91 B 2.05 B 2.22 B 2.21 B 2.2 B 2.22 B 2.06 B 1.99 B 2.06 B 2.06 B 1.8 B 1.73 B 1.8 B 1.8 B 1.64 B 1.54 B 1.63 B 1.63 B 1.4 B 1.37 B 1.37 B 1.4 B 1.22 B 1.21 B 1.21 B 1.21 B 1.14 B 1.15 B 1.15 B 1.15 B 1.16 B 1.16 B 1.16 B 1.16 B 1.13 B 1.14 B 1.14 B 1.13 B 1.04 B 1.01 B 1.01 B 1.01 B 938 M 919 M 919 M 919 M 749 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of Woodward, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Aerospace

Issuer Price % 24h Market Cap Country
The Boeing Company The Boeing Company
BA
$ 173.38 0.58 % $ 132 B usaUSA
Elbit Systems Ltd. Elbit Systems Ltd.
ESLT
$ 740.29 2.54 % $ 33.8 B israelIsrael
TransDigm Group Incorporated TransDigm Group Incorporated
TDG
$ 1 225.9 0.58 % $ 71.3 B usaUSA
General Dynamics Corporation General Dynamics Corporation
GD
$ 367.5 1.5 % $ 98.9 B usaUSA
L3Harris Technologies L3Harris Technologies
LHX
$ 275.97 1.68 % $ 51.7 B usaUSA
Lockheed Martin Corporation Lockheed Martin Corporation
LMT
$ 603.26 2.56 % $ 140 B usaUSA
Mercury Systems Mercury Systems
MRCY
$ 83.44 4.8 % $ 4.96 B usaUSA
Park Aerospace Corp. Park Aerospace Corp.
PKE
$ 24.83 0.57 % $ 496 M usaUSA
НПО Наука НПО Наука
NAUK
- - - russiaRussia
SIFCO Industries SIFCO Industries
SIF
$ 16.87 -1.69 % $ 102 M usaUSA
РКК Энергия РКК Энергия
RKKE
- - - russiaRussia
Virgin Galactic Holdings Virgin Galactic Holdings
SPCE
$ 2.79 -2.96 % $ 143 M usaUSA
Объединенная авиастроительная корпорация Объединенная авиастроительная корпорация
UNAC
- - - russiaRussia
Textron Textron
TXT
$ 86.8 1.63 % $ 15.5 B usaUSA
AgEagle Aerial Systems AgEagle Aerial Systems
UAVS
$ 0.36 -2.33 % $ 9.02 M usaUSA
VirTra VirTra
VTSI
$ 2.52 0.31 % $ 28.4 M usaUSA
Spirit AeroSystems Holdings Spirit AeroSystems Holdings
SPR
- - $ 4.61 B usaUSA
Northrop Grumman Corporation Northrop Grumman Corporation
NOC
$ 551.68 2.34 % $ 79.2 B usaUSA
National Presto Industries National Presto Industries
NPK
$ 145.39 -0.78 % $ 1.04 B usaUSA
Sturm, Ruger & Company Sturm, Ruger & Company
RGR
$ 52.56 3.26 % $ 853 M usaUSA
RADA Electronic Industries Ltd. RADA Electronic Industries Ltd.
RADA
- -0.4 % $ 491 M israelIsrael
Aerojet Rocketdyne Holdings Aerojet Rocketdyne Holdings
AJRD
- 1.42 % $ 4.62 B usaUSA
Intevac Intevac
IVAC
- - $ 107 K usaUSA
Kaman Corporation Kaman Corporation
KAMN
- - $ 1.3 B usaUSA
VSE Corporation VSE Corporation
VSEC
$ 186.68 -1.55 % $ 3.95 B usaUSA
B.O.S. Better Online Solutions Ltd. B.O.S. Better Online Solutions Ltd.
BOSC
$ 4.06 0.25 % $ 25 M israelIsrael
HEICO Corporation HEICO Corporation
HEI
$ 345.27 0.75 % $ 48 B usaUSA
Frontline Ltd. Frontline Ltd.
FRO
$ 43.88 -0.93 % $ 9.77 B bermudaBermuda
Coda Octopus Group Coda Octopus Group
CODA
$ 8.94 1.25 % $ 100 M usaUSA
Astrotech Corporation Astrotech Corporation
ASTC
$ 4.23 -2.08 % $ 7.19 M usaUSA
Astronics Corporation Astronics Corporation
ATRO
$ 61.48 4.21 % $ 2.18 B usaUSA
AAR Corp. AAR Corp.
AIR
$ 115.65 -0.83 % $ 4.43 B usaUSA
Ducommun Incorporated Ducommun Incorporated
DCO
$ 145.36 0.23 % $ 2.18 B usaUSA
Air Industries Group Air Industries Group
AIRI
$ 3.04 7.8 % $ 14.5 M usaUSA
Cubic Corporation Cubic Corporation
CUB
- 0.32 % $ 2.38 B usaUSA
Raytheon Technologies Corporation Raytheon Technologies Corporation
RTX
$ 200.68 2.23 % $ 269 B usaUSA
EHang Holdings Limited EHang Holdings Limited
EH
$ 4.12 -0.12 % $ 604 K chinaChina
CPI Aerostructures, Inc. CPI Aerostructures, Inc.
CVU
$ 4.6 -0.65 % $ 54.7 M usaUSA
Kratos Defense & Security Solutions Kratos Defense & Security Solutions
KTOS
$ 36.7 -2.64 % $ 5.97 B usaUSA
Hexcel Corporation Hexcel Corporation
HXL
$ 81.69 0.48 % $ 6.49 B usaUSA
AMMO AMMO
POWW
$ 2.3 0.88 % $ 269 M usaUSA
TAT Technologies Ltd. TAT Technologies Ltd.
TATT
$ 39.13 1.5 % $ 473 M israelIsrael
Smith & Wesson Brands Smith & Wesson Brands
SWBI
$ 15.6 3.72 % $ 693 K usaUSA
CAE CAE
CAE
- - $ 7.75 B canadaCanada
Innovative Solutions and Support Innovative Solutions and Support
ISSC
$ 24.78 7.74 % $ 435 M usaUSA
AeroVironment AeroVironment
AVAV
$ 123.33 -2.86 % $ 6.05 B usaUSA
BWX Technologies BWX Technologies
BWXT
$ 126.6 -1.09 % $ 11.6 B usaUSA
Embraer S.A. Embraer S.A.
ERJ
- - $ 11 B brasilBrasil
SpaceX SpaceX
SPCX
$ 143.05 0.69 % $ 419 B usaUSA