Woodward Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Woodward Inc (WWD). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aerospace [Member] | $1.59B 63.7% | $1.40B 62.5% · -11.7% | $1.52B 63.8% · +8.2% | $1.77B 60.7% · +16.4% | $2.03B 61.0% · +14.7% | $2.31B 64.8% · +14.0% |
| Industrial [Member] | $904.7M 36.3% | $841.7M 37.5% · -7.0% | $863.5M 36.2% · +2.6% | $1.15B 39.3% · +32.8% | $1.30B 39.0% · +13.0% | $1.25B 35.2% · -3.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aerospace [Member] | – | – | – | – | $385.4M 19.0% | $506.6M 21.9% |
| Industrial [Member] | – | – | – | – | $229.9M 17.7% | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States [Member] | $1.43B 57.2% | $1.28B 56.9% · -10.4% | $1.31B 55.0% · +2.6% | $1.54B 52.8% · +17.3% | $1.70B 51.1% · +10.4% | $1.91B 53.7% · +12.7% |
| Europe, excluding Germany [Member] | $337.0M 13.5% | $291.9M 13.0% · -13.4% | $363.5M 15.3% · +24.5% | $437.0M 15.0% · +20.2% | $499.9M 15.0% · +14.4% | $565.6M 15.9% · +13.1% |
| China [Member] | $209.9M 8.4% | $214.3M 9.5% · +2.1% | $136.4M 5.7% · -36.4% | $243.5M 8.4% · +78.5% | $390.0M 11.7% · +60.2% | $285.9M 8.0% · -26.7% |
| Other Countries [Member] | $148.3M 5.9% | $140.3M 6.2% · -5.4% | $187.1M 7.9% · +33.3% | $222.2M 7.6% · +18.8% | $243.9M 7.3% · +9.8% | $276.7M 7.8% · +13.4% |
| Germany [Member] | $234.0M 9.4% | $183.7M 8.2% · -21.5% | $232.1M 9.7% · +26.3% | $273.8M 9.4% · +18.0% | $269.4M 8.1% · -1.6% | $275.4M 7.7% · +2.3% |
| Asia, excluding China [Member] | $140.1M 5.6% | $137.5M 6.1% · -1.8% | $152.2M 6.4% · +10.7% | $200.0M 6.9% · +31.4% | $222.7M 6.7% · +11.3% | $249.2M 7.0% · +11.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.