Woodward Inc (WWD) - Net Assets
Based on the latest financial reports, Woodward Inc (WWD) has net assets worth $2.59 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.73 Billion) and total liabilities ($2.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check WWD asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.59 Billion |
| % of Total Assets | 54.66% |
| Annual Growth Rate | 8.69% |
| 5-Year Change | 15.88% |
| 10-Year Change | 111.64% |
| Growth Volatility | 6.51 |
Woodward Inc - Net Assets Trend (1994–2025)
This chart illustrates how Woodward Inc's net assets have evolved over time, based on quarterly financial data. Also explore Woodward Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Woodward Inc (1994–2025)
The table below shows the annual net assets of Woodward Inc from 1994 to 2025. For live valuation and market cap data, see market value of Woodward Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $2.57 Billion | +17.92% |
| 2024-09-30 | $2.18 Billion | +5.09% |
| 2023-09-30 | $2.07 Billion | +8.94% |
| 2022-09-30 | $1.90 Billion | -14.16% |
| 2021-09-30 | $2.21 Billion | +11.15% |
| 2020-09-30 | $1.99 Billion | +15.40% |
| 2019-09-30 | $1.73 Billion | +12.26% |
| 2018-09-30 | $1.54 Billion | +12.16% |
| 2017-09-30 | $1.37 Billion | +13.09% |
| 2016-09-30 | $1.21 Billion | +5.16% |
| 2015-09-30 | $1.15 Billion | -0.68% |
| 2014-09-30 | $1.16 Billion | +1.61% |
| 2013-09-30 | $1.14 Billion | +13.33% |
| 2012-09-30 | $1.01 Billion | +9.69% |
| 2011-09-30 | $919.10 Million | +14.43% |
| 2010-09-30 | $803.19 Million | +13.25% |
| 2009-09-30 | $709.24 Million | +12.64% |
| 2008-09-30 | $629.63 Million | +15.65% |
| 2007-09-30 | $544.43 Million | +13.73% |
| 2006-09-30 | $478.69 Million | +10.69% |
| 2005-09-30 | $432.47 Million | +12.08% |
| 2004-09-30 | $385.86 Million | +6.94% |
| 2003-09-30 | $360.80 Million | +1.66% |
| 2002-09-30 | $354.90 Million | +11.30% |
| 2001-09-30 | $318.86 Million | +15.69% |
| 2000-09-30 | $275.62 Million | +13.89% |
| 1999-09-30 | $242.00 Million | +9.95% |
| 1998-09-30 | $220.10 Million | +4.51% |
| 1997-09-30 | $210.60 Million | +1.25% |
| 1996-09-30 | $208.00 Million | +5.10% |
| 1995-09-30 | $197.90 Million | +2.09% |
| 1994-09-30 | $193.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Woodward Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1755.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.60 Billion | 140.29% |
| Common Stock | $106.00K | 0.00% |
| Other Comprehensive Income | $-10.41 Million | -0.41% |
| Total Equity | $2.57 Billion | 100.00% |
Woodward Inc Competitors by Market Cap
The table below lists competitors of Woodward Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Veolia Environnement VE SA
PA:VIE
|
$21.66 Billion |
|
Telefonica
MC:TEF
|
$21.69 Billion |
|
BOE Technology Group Co Ltd
SHE:000725
|
$21.70 Billion |
|
Airports of Thailand Public Company Limited
F:NYVQ
|
$21.71 Billion |
|
InterContinental Hotels Group PLC
LSE:IHG
|
$21.64 Billion |
|
ZTE Corp
SHE:000063
|
$21.63 Billion |
|
VeriSilicon Microelectronics Shanghai Co Ltd
SHG:688521
|
$21.62 Billion |
|
EAST JP RAILW. ADR 1/6
F:EJR0
|
$21.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Woodward Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,176,416,000 to 2,566,390,000, a change of 389,974,000 (17.9%).
- Net income of 442,111,000 contributed positively to equity growth.
- Dividend payments of 64,975,000 reduced retained earnings.
- Share repurchases of 172,857,000 reduced equity.
- New share issuances of 104,578,000 increased equity.
- Other comprehensive income increased equity by 22,283,000.
- Other factors increased equity by 58,834,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $442.11 Million | +17.23% |
| Dividends Paid | $64.97 Million | -2.53% |
| Share Repurchases | $172.86 Million | -6.74% |
| Share Issuances | $104.58 Million | +4.07% |
| Other Comprehensive Income | $22.28 Million | +0.87% |
| Other Changes | $58.83 Million | +2.29% |
| Total Change | $- | 17.92% |
Book Value vs Market Value Analysis
This analysis compares Woodward Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.69x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 132.18x to 8.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-09-30 | $2.75 | $362.99 | x |
| 1995-09-30 | $2.84 | $362.99 | x |
| 1996-09-30 | $3.00 | $362.99 | x |
| 1997-09-30 | $3.06 | $362.99 | x |
| 1998-09-30 | $3.22 | $362.99 | x |
| 1999-09-30 | $3.57 | $362.99 | x |
| 2000-09-30 | $4.06 | $362.99 | x |
| 2001-09-30 | $4.60 | $362.99 | x |
| 2002-09-30 | $5.11 | $362.99 | x |
| 2003-09-30 | $5.28 | $362.99 | x |
| 2004-09-30 | $5.56 | $362.99 | x |
| 2005-09-30 | $6.15 | $362.99 | x |
| 2006-09-30 | $6.80 | $362.99 | x |
| 2007-09-30 | $7.74 | $362.99 | x |
| 2008-09-30 | $9.05 | $362.99 | x |
| 2009-09-30 | $10.26 | $362.99 | x |
| 2010-09-30 | $11.50 | $362.99 | x |
| 2011-09-30 | $13.10 | $362.99 | x |
| 2012-09-30 | $14.34 | $362.99 | x |
| 2013-09-30 | $16.42 | $362.99 | x |
| 2014-09-30 | $17.13 | $362.99 | x |
| 2015-09-30 | $17.46 | $362.99 | x |
| 2016-09-30 | $19.08 | $362.99 | x |
| 2017-09-30 | $21.59 | $362.99 | x |
| 2018-09-30 | $24.08 | $362.99 | x |
| 2019-09-30 | $26.77 | $362.99 | x |
| 2020-09-30 | $31.03 | $362.99 | x |
| 2021-09-30 | $33.79 | $362.99 | x |
| 2022-09-30 | $30.06 | $362.99 | x |
| 2023-09-30 | $33.68 | $362.99 | x |
| 2024-09-30 | $35.06 | $362.99 | x |
| 2025-09-30 | $41.75 | $362.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Woodward Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.39%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.80x
- Recent ROE (17.23%) is above the historical average (12.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | -1.69% | -0.98% | 1.03x | 1.67x | $-22.66 Million |
| 1995 | 6.03% | 3.14% | 1.09x | 1.77x | $-7.85 Million |
| 1996 | 10.63% | 5.30% | 1.20x | 1.68x | $1.30 Million |
| 1997 | 5.65% | 2.69% | 1.27x | 1.65x | $-9.16 Million |
| 1998 | 9.81% | 4.40% | 0.87x | 2.56x | $-410.00K |
| 1999 | 12.73% | 5.16% | 1.08x | 2.28x | $6.60 Million |
| 2000 | 17.04% | 7.86% | 1.12x | 1.94x | $19.41 Million |
| 2001 | 16.64% | 7.82% | 1.16x | 1.83x | $21.18 Million |
| 2002 | 12.03% | 6.28% | 1.17x | 1.64x | $7.19 Million |
| 2003 | 3.42% | 2.10% | 0.95x | 1.71x | $-23.73 Million |
| 2004 | 8.13% | 4.42% | 1.08x | 1.70x | $-7.20 Million |
| 2005 | 12.94% | 6.76% | 1.17x | 1.63x | $12.72 Million |
| 2006 | 14.60% | 8.18% | 1.16x | 1.54x | $22.03 Million |
| 2007 | 18.03% | 9.42% | 1.26x | 1.52x | $43.71 Million |
| 2008 | 19.36% | 9.69% | 1.36x | 1.47x | $58.92 Million |
| 2009 | 13.30% | 6.60% | 0.84x | 2.39x | $23.43 Million |
| 2010 | 13.80% | 7.61% | 0.88x | 2.07x | $30.52 Million |
| 2011 | 14.39% | 7.73% | 0.96x | 1.94x | $40.33 Million |
| 2012 | 14.04% | 7.59% | 1.00x | 1.84x | $40.78 Million |
| 2013 | 12.77% | 7.54% | 0.88x | 1.93x | $31.69 Million |
| 2014 | 14.29% | 8.29% | 0.83x | 2.06x | $49.75 Million |
| 2015 | 15.74% | 8.90% | 0.80x | 2.20x | $66.14 Million |
| 2016 | 14.91% | 8.94% | 0.77x | 2.18x | $59.58 Million |
| 2017 | 14.62% | 9.55% | 0.76x | 2.01x | $63.37 Million |
| 2018 | 11.73% | 7.76% | 0.61x | 2.46x | $26.57 Million |
| 2019 | 15.03% | 8.95% | 0.73x | 2.29x | $86.93 Million |
| 2020 | 12.06% | 9.63% | 0.64x | 1.96x | $41.13 Million |
| 2021 | 9.42% | 9.29% | 0.55x | 1.85x | $-12.83 Million |
| 2022 | 9.03% | 7.21% | 0.63x | 2.00x | $-18.41 Million |
| 2023 | 11.22% | 7.97% | 0.73x | 1.94x | $25.27 Million |
| 2024 | 17.14% | 11.22% | 0.76x | 2.01x | $155.33 Million |
| 2025 | 17.23% | 12.39% | 0.77x | 1.80x | $185.47 Million |
Industry Comparison
This section compares Woodward Inc's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,547,050,294
- Average return on equity (ROE) among peers: 5.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Woodward Inc (WWD) | $2.59 Billion | -1.69% | 0.83x | $21.64 Billion |
| Archer Aviation Inc (ACHR) | $2.20 Billion | -28.06% | 0.12x | $3.99 Billion |
| AAR Corp (AIR) | $314.74 Million | 4.91% | 1.33x | $4.37 Billion |
| Air Industries Group (AIRI) | $2.28 Million | 23.68% | 14.08x | $14.96 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $203.46 Million |
| Astronics Corporation (ATRO) | $14.80 Million | 18.24% | 1.02x | $2.27 Billion |
| AeroVironment Inc (AVAV) | $612.11 Million | 3.81% | 0.52x | $9.09 Billion |
| Axon Enterprise Inc. (AXON) | $117.56 Million | -3.73% | 0.16x | $28.25 Billion |
| The Boeing Company (BA) | $8.79 Billion | 61.89% | 10.29x | $172.93 Billion |
| Beta Technologies, Inc. (BETA) | $1.82 Billion | -41.03% | 0.17x | $3.58 Billion |
| BWX Technologies Inc (BWXT) | $1.00 Billion | 22.70% | 1.83x | $19.82 Billion |
About Woodward Inc
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, a… Read more