Woodward, Inc. (WWD) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 24, 2026
Woodward, Inc. (WWD)
A forensic read on Woodward, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
A · High-quality compounder
Forensic grade
Safe
Financial health
14.5
Distress distance
Clean
Earnings quality
3
Forensic signals
34.9
P / E (ttm)
17.2%
ROE
$19.3B
Market cap
0.32%
Dividend yield
7.3%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Woodward, Inc. earns an A (High-quality compounder) forensic quality grade, and its balance-sheet distress test reads 14.5, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+10.0%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +10.0% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. A cash-flow measure on the same base disagrees: reported earnings ran in line with operating cash by 1% of net operating assets, against an accruals ratio of 10.0%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
13.7%
FY2025
Return on invested capital.Return on invested capital is 13.7% in the latest fiscal year and rising across FY2023–FY2025 from 8%. The capital base behind it barely moved across FY2023–FY2025 ($3.3B to $3.5B, +6%), so there has been little new capital for that return to be earned on.
0.0%/yr
FY2023–FY2025
Share count.Diluted share count changed 0% over the last 2 years to FY2025 (0.0%/yr). Roughly flat — buybacks ($173M) are about offsetting stock comp ($32M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$3.57B
Revenue Growth YoY+7.3%
Revenue CAGR (2yr)+10.6%
Net Margin12.4%
Free Cash Flow$340.4M
Return on Equity17.2%
Debt / Equity0.23x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Woodward, Inc.'s actual 10-K/10-Q/8-K filings?