Woodward, Inc.

Electrical Industrial Apparatus·FORT COLLINS, CO·FY end 09/30·CIK 108312

CEO Pay Ratio

149:1

CEO Total Comp

$25.4M

Median Employee

—

Revenue

$3.6B

FY 2025

Net Income

$442.1M

FY 2025

Free Cash Flow

$340.4M

FY 2025

Net Margin

12.4%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

5.74%

For every $1,000 of profit, $57.39 flows to the CEO.

CEO comp as % of buybacks

14.68%

CEO comp equals 146.8‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$3.6B	$3.3B	$2.9B	$2.4B	$2.2B
Gross Profit	—	—	—	—	—	—
Operating Income	—	—	—	—	—	—
Net Income	$442.1M	$373.0M	$232.4M	$171.7M	$208.6M
Operating CF	$471.3M	$439.1M	$308.5M	$193.6M	$464.7M
Capex	$130.9M	$96.3M	$76.5M	$52.9M	$37.7M
Free Cash Flow	$340.4M	$342.8M	$232.0M	$140.8M	$427.0M
Buybacks	$172.9M	$390.8M	$126.4M	$485.3M	$33.3M
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	—	—	—	—	—	—
Net Margin	12.4%	11.2%	8.0%	7.2%	9.3%
FCF Margin	9.5%	10.3%	8.0%	5.9%	19.0%
R&D / Revenue	4.1%	4.2%	4.5%	5.0%	5.2%
Effective Tax	15.2%	17.8%	15.7%	14.1%	15.1%
Debt / Equity	0.40	0.56	0.66	0.75	0.66
Buybacks / FCF	50.8%	114.0%	54.5%	344.7%	7.8%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Charles BlankenshipJr.	$1.2M	$5.9M	—	$2.9M	$511.2K	$10.5M
Thomas CromwellExecutive Vice President	$693.5K	$1.8M	—	$1.2M	$80.2K	$3.9M
William LaceyExecutive Vice President	$618.3K	$1.3M	—	$628.2K	$107.7K	$2.6M
Terence VoskuilExecutive Vice President and President, Aerospace	$575.6K	$824.8K	—	$948.8K	$76.3K	$2.4M
Randall HobbsExecutive Vice President	$600.2K	$824.8K	—	$609.8K	$81.2K	$2.1M