Company / R&D Expense
Woodward, Inc. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$147.6M
FY2025
5-year range
$132.1M / $159.1M
FY2021-FY2025
Trend
+4.9%
vs FY2024
Sector context
#58 of 174
Industrials
What the data says
At $148M, Woodward, Inc.'s r&d expense ranks #58 of 174 in the Industrials sector. R&D Expense has fluctuated over the past 10 years, ranging from $126M in FY2018 to $159M in FY2021.
Based on SEC 10-K filings.
$148M in FY2025 with a 5-year CAGR of -0.1%.
Improved from $132M to $148M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +3.5%
- 5-Year CAGR
- -0.1%
- 10-Year CAGR
- -
Sector benchmark
#58 of 174 in IndustrialsTop 33% of 174This company $147.6M Sector average $273.7M
▼
-46.1% below sector average
Key checks
Key Insights
- 5-year CAGR of -0.1%, indicating a declining trend.
- In FY2025, r&d expense increased 4.9% year-over-year.
- Ranks #58 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2021.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $147.6M | +4.9% |
| FY2024 | $140.7M | +6.5% |
| FY2023 | $132.1M | -0.8% |
| FY2022 | $133.1M | -16.3% |
| FY2021 | $159.1M | +7.3% |
| FY2020 | $148.3M | +17.2% |
| FY2019 | $126.5M | +0.3% |
| FY2018 | $126.2M | -6.2% |
| FY2017 | $134.5M | -2.6% |
| FY2016 | $138.0M | +6.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026