WWDWoodward, Inc.
Electrical Industrial Apparatus
- Revenue
- $3.6B
- 7.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $18.0B
- Employees
- —
- Net debt / EBITDA
- —
- $105M net debt
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo107% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo37% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo17% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 10th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$18.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$32M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.4B | $2.9B | $3.3B | $3.6B | 7.3% |
| Net income | $209M | $172M | $232M | $373M | $442M | 19% |
| Operating cash flow | $465M | $194M | $309M | $439M | $471M | 7.3% |
| Capex | $38M | $53M | $77M | $96M | $131M | 36% |
| Stock-based comp | $21M | $20M | $23M | $33M | $32M | 4.2% |
| Buybacks | $33M | $485M | $126M | $391M | $173M | 56% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $32M · 73
- Net
- −$32M
Pay vs performance
No pay-versus-performance disclosure yet.