Woodward Inc
- Industry
- Aerospace & Defense
- Exchange
- US
- Country
- USA
- IPO date
- May 30, 1996
- Employees
- 10,200
- Website
- www.woodward.com
Composite valuation range · conservative $120–$170 / fair $170–$240 / optimistic $240–$290. At $419.76, Above the optimistic ceiling · future growth overdrawn.
At publication $344.7 (Jun 3, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. It operates through two segments, Aerospace and Industrial. The Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, as well as flight deck controls, actuators, servocontrols, motors, and sensors for aircraft. This segment also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. Its Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, control systems, electronics and software, and sensors used on industrial gas turbines, steam turbines, compressors, and reciprocating engines, as well as aftermarket products and related services. The company primarily serves OEMs and equipment packagers. Woodward, Inc. was founded in 1870 and is headquartered in Fort Collins, Colorado.
History
Woodward, Inc. was founded in 1870 and is headquartered in Fort Collins, Colorado, with an IPO date of May 30, 1996. The company designs, manufactures, and services energy conversion and control solutions for the aerospace and industrial markets worldwide, operating through two reporting segments: Aerospace and Industrial. It has grown to roughly 10,200 employees and maintains manufacturing and assembly operations across the United States, Europe, and Asia. Revenue rose from about $2,495.7 million in fiscal 2020 to about $3,567.1 million in fiscal 2025 (a compound annual growth rate of roughly 7.4%), with the Aerospace segment contributing about $2,313 million and the Industrial segment about $1,254 million in fiscal 2025; first-half fiscal 2026 revenue reached about $2,087 million (Aerospace $1,338 million, Industrial $749 million). In fiscal 2025 the company completed the acquisition of Safran's North American electromechanical actuation business, which included intellectual property, operating assets, personnel, and long-term customer agreements, and announced a new manufacturing facility in South Carolina expected to begin production in 2027.
Industry position
Woodward serves primarily OEMs and equipment packagers as a supplier of high-reliability, certified control hardware and systems embedded in customer platforms. Its Aerospace segment supplies fuel pumps, metering units, actuators, valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, plus flight deck controls and aftermarket maintenance, repair and overhaul services to commercial airlines, business jets, helicopters, and defense customers; its Industrial segment serves power generation, oil and gas, and transportation end markets. In the public markets it is commonly compared with HEICO, TransDigm, Moog, and Parker-Hannifin. Customer concentration is notable: the top five customers accounted for about 43% of sales in 2022, and by 2025 GE represented about 12% and RTX about 10% of consolidated revenue. A primary source of its competitive position is high switching costs in aerospace, where once a part is selected into an aircraft, engine, or military platform, changing suppliers typically requires re-design, re-validation, and re-certification; long platform life is reflected in unfulfilled firm-order performance obligations of about $3,195 million as of September 30, 2025 and material-rights performance obligations of about $514 million recognized over project lives that can extend up to 40 years. Certification, testing, and regulatory qualification barriers further protect its franchise, and price realization has contributed positively to revenue and margins in 2025 and first-half fiscal 2026.