Woodward Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Woodward Inc (WWD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Woodward Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 4,193M vs 378,488M combined for tracked competitors (1.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+6.0% annualized vs trailing 12 months), vs accelerating (+8.1%) for its tracked peer group.
- Growth: Woodward Inc generated 21.3% revenue growth year over year in Q3 2026, vs 14.4% for its tracked competitors combined.
- Profitability: Its 13.2% net margin compares with 17.3% for the peer group.
- Scale: Woodward Inc ranks #12 of 143 companies by market capitalization in the Industrial Machinery and Components industry, holding 0.9% of industry market cap.
- Peer revenue share: Woodward Inc accounted for 1.1% of combined revenue among its tracked peer group, up from 1.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.41M compares with $0.51M for the peer group (0.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
WWD Sales vs. its Competitors, Q3 2026
Woodward Inc reported revenue growth of 21.33 % year on year in Q3 2026, above its competitors' combined revenue growth of 14.39 %.
With a net margin of 13.21 %, Woodward Inc reported lower profitability than its competitors (17.32 %).
Woodward Inc generated 1.07 % of the combined sales of its peer group, up from 1.01 % a year earlier.
Woodward Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Woodward Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Woodward Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (9) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Woodward Inc's competitor groups requires a Commercial License.
For context: the Industrial Machinery and Components industry grew revenue 12.4% year over year, combined, vs 21.3% for Woodward Inc. Woodward Inc's share of combined industry revenue moved from 0.74% to 0.80%, a gain of 0.06 percentage points.
Woodward Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Woodward Inc | Yes | Yes | Yes | No |
| Competitors combined (18) | ||||
| High-Confidence Competitors (11) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
WWD Stock Performance relative to its Competitors
WWD Stock Performance relative to High-Confidence Competitors
WWD Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Caterpillar Inc | 282.9% | Outperformed |
| 2 | Borgwarner Inc | 282.9% | Outperformed |
| 3 | Enpro Inc | 282.9% | Outperformed |
| 4 | Allison Transmission Holdings Inc | 282.9% | Outperformed |
| 5 | Parker hannifin Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Woodward Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Woodward Inc's Comment on Competition and Industry Peers
Our products and product support services are sold worldwide into a variety
of markets. In all markets, we compete on the basis of differentiated technology
and design, product performance and conformity with customer specifications.
Additional factors are customer service and support, including on-time delivery
and customer partnering, product quality, price, reputation and local presence.
Both of our segments operate in uniquely competitive environments.
We believe that new competitors face significant barriers to entry into many
of our markets, including various government mandated certification requirements
to compete in the aerospace markets in which we participate.
Aerospace industry safety regulations and manufacturing standards demand significant
product certification requirements, which form a basis for competition as well
as a barrier to entry. Technological innovation and design, product performance
and conformity with customer specifications, and product quality and reliability
are of utmost importance in the aerospace and defense industry. In addition,
on-time delivery, pricing, and joint development capabilities with customers
are points of competition within this market. Our customers include airframe
and aircraft engine OEM manufacturers and suppliers to these manufacturers.
We supply these customers with technologically innovative system and component
solutions and align our technology roadmaps with our customers. We focus on
responding to needs for reduced cost and weight, emission control and reliability
improvements. Our products achieve high levels of field reliability, which offers
end users an advantage in life-cycle cost. We compete with numerous companies
around the world that specialize in fuel and air management, combustion, and
electronic control products. In addition, some of our OEM customers are capable
of developing and manufacturing these same products internally.
Our competitors in aerospace include divisions of United Technologies Corporation
(“UTC”) Aerospace Systems, Honeywell, Moog, Parker Hannifin and
Eaton. We address competition in aftermarket service through responsiveness
to our customers’ needs, providing short turnaround times and maintaining
a global presence.
Several competitors are also customers for our products, such as UTC Aerospace Systems, Parker Hannifin, and Honeywell. Some of our customers are affiliated with our competitors through ownership or joint venture agreements. We compete in part by establishing relationships with our customers’ engineering organizations, and by offering innovative technical and commercial solutions to meet their market requirements.
Energy operates in the global markets for industrial turbines, industrial reciprocating engines, electric power generation systems, power distribution networks, and wind turbines.
We compete with numerous companies that specialize in various engine, turbine,
and power management products, and our OEM customers are often capable of developing
and manufacturing some of these same products internally. Many of our customers
are large global OEMs that require suppliers to support them around the world
and to meet increasingly higher requirements in terms of safety, quality, delivery,
reliability and cost.
Competitors include Heinzmann GmbH & Co., Robert Bosch AG, L’Orange
GmbH, Hoerbiger, General Electric, ABB, Siemens, and Schweitzer Electric. OEM
customers with internal capabilities for similar products include General Electric,
Caterpillar, Wartsila, Siemens, and Cummins.
We believe we are a market leader in providing our customers advanced technology
and superior product performance at a competitive price. We focus on developing
and maintaining close relationships with our OEM customers’ engineering
teams. Competitive success is based on the development of innovative components
and systems that are aligned with the OEMs’ technology roadmaps to achieve
future emission, efficiency, and fuel flexibility targets.
Publicly Traded Peers of Woodward Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Woodward Inc | 20,045.63 | 4,193.01 |
| Caterpillar Inc | 382,925.72 | 74,729.00 |
| General Electric Company | 338,814.44 | 50,638.00 |
| Rtx Corporation | 258,380.85 | 93,500.00 |
| Eaton Corporation Plc | 169,833.69 | 30,025.00 |
| Parker hannifin Corporation | 124,893.66 | 21,499.00 |
| SUBTOTAL | 1,552,931.23 | 399,636.94 |
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Sources: Woodward Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Woodward Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Woodward Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Parker Hannifin | Named by the company | 85% |
| General Electric Company | Named by the company | 85% |
| The Boeing Company | Named by the company | 85% |
| Caterpillar | Named by the company | 85% |
| Raytheon Technologies | Named by the company | 85% |
| Kirby Corporation | Named by the company | 85% |
| Honeywell | Named by the company | 85% |
| Weichai Westport | Named by the company | 85% |
| Aersale Corporation | Named by the company | 85% |
| Eaton | Named by the company | 85% |
| Rolls-Royce PLC | Named by the company | 85% |
| Moog Inc | Named by the company | 85% |
| Wärtsilä | Named by the company | 85% |
| Circor International Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Woodward Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Woodward Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Caterpillar Inc | Construction Industries 41.12 % |
| General Electric Company | Commercial Engines and Services, Reportable 72.90 % |
| Rtx Corporation | Pratt and Whitney 35.98 % |
| Eaton Corporation Plc | Electrical Americas 46.31 % |
| Parker hannifin Corporation | Diversified Industrial 66.93 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Woodward Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Woodward Inc | 20,046 | 411,079 | 54,121 |
| Caterpillar Inc | 382,926 | 633,297 | 91,873 |
| General Electric Company | 338,814 | 888,386 | 157,579 |
| Rtx Corporation | 258,381 | 519,444 | 45,139 |
| Eaton Corporation Plc | 169,834 | 308,572 | 39,403 |
| Parker hannifin Corporation | 124,894 | 359,215 | 60,969 |
| PEERS TOTAL | 1,532,886 | 508,833 | 72,258 |
Woodward Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Caterpillar Inc | Latin America -0.11 % |
| Rtx Corporation | UNITED STATES 52.99 % |
| Parker hannifin Corporation | North America 67.21 % |
| Cummins Inc | United States 56.10 % |
| Borgwarner Inc | Europe 37.96 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Woodward Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 128 companies in Woodward Inc's industry classification, broader than the peer set above. Market cap in millions of $.Woodward Inc ranks #12 of 128 companies by market capitalization in its industry, holding 0.92 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,565, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Asml Holding Nv | 688,901 | 31.96 % |
| 2 | Lam Research Corporation | 396,579 | 18.40 % |
| 3 | Deere and Co | 186,672 | 8.66 % |
| 4 | Eaton Corporation Plc | 168,034 | 7.80 % |
| 5 | Cae Inc | 1,234 | 5.2% |
| 6 | Bloom Energy Corporation | 1,234 | 5.2% |
| 7 | Illinois Tool Works Inc | 1,234 | 5.2% |
| 8 | Carrier Global Corporation | 1,234 | 5.2% |
| 9 | Ingersoll Rand Inc | 1,234 | 5.2% |
| 10 | Nvent Electric Plc | 1,234 | 5.2% |
| 12 | Woodward Inc | 19,888 | 0.92 % |
Market cap and industry share for the rest of Woodward Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Woodward Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 7 | Illinois Tool Works Inc | 78,589 | 6.48 % |
| 8 | Carrier Global Corporation | 47,087 | -4.97 % |
| 9 | Ingersoll Rand Inc | 29,933 | -4.61 % |
| 10 | Nvent Electric Plc | 26,338 | 70.36 % |
| 11 | Dover Corp | 1,234 | 12.3% |
| 12 | Woodward Inc | 19,888 | 34.08 % |
| 13 | Curtiss wright Corporation | 1,234 | 12.3% |
| 14 | Nordson Corporation | 1,234 | 12.3% |
| 15 | Zebra Technologies Corporation | 1,234 | 12.3% |
| 16 | Lincoln Electric Holdings Inc | 1,234 | 12.3% |
| 17 | Lennox International Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Woodward Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Woodward Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Industrial Machinery and Components industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (166 companies). See the full Industrial Machinery and Components industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 29.46 % | 28.58 % (avg) | +0.9 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 22.93 % | 3.86 % (avg) | +19.1 pp |
| Capital Intensity (Capex / Revenue) | - | 5.98 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Woodward Inc's Valuation vs Competitive Position
Valuation multiples vs the Industrial Machinery and Components industry average (166 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Industrial Machinery and Components industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 43.0x | 33.3x | +9.7x |
| EV / EBITDA | 25.1x | 19.5x | +5.6x |
| P/B | 9.3x | 4.0x | +5.3x |
| Return on Equity | 21.79 % | industry aggregate | 6.13 % |
| Return on Invested Capital | - | 1.28 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Woodward Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 15.79 % | 22.13 % | -22.06 % | -2.73 % | 9.34 % | 25.32 % | 7.38 % | 14.52 % |
| Operating Margin | 10.01 % | 10.65 % | 11.20 % | 10.18 % | 8.35 % | 10.88 % | 12.66 % | 14.47 % |
| Return on Invested Capital | 5.33 % | 6.29 % | 4.74 % | 3.88 % | 3.88 % | 6.08 % | 7.36 % | 8.79 % |
| P/E | 28.3x | 28.9x | 32.2x | 37.1x | 35.8x | 28.3x | 29.8x | 37.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Woodward Inc's BCG Growth-Share Matrix
Relative market share (vs Woodward Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Woodward Inc falls in the Dog quadrant: relative market share of 0.03x vs its largest competitor, in an industry growing revenue 7.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Woodward Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,565 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Woodward Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Woodward Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Woodward Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Woodward Inc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Woodward Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 6.1 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+6.0% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.03x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Woodward Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Woodward Inc | 0.36 | 1.84 | 0.37 |
| Caterpillar Inc | 0.19 | 1.39 | 0.99 |
| General Electric Company | - | 0.86 | 1.09 |
| Rtx Corporation | 0.12 | 1.03 | 0.70 |
| Eaton Corporation Plc | 0.05 | 1.25 | 0.79 |
| Parker hannifin Corporation | 0.08 | 1.16 | 0.65 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Woodward Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Woodward Inc | Q2 2026 | +21.3 % | +35.2 % |
| Caterpillar Inc | Q2 2026 | +24.0 % | +64.9 % |
| General Electric Company | Q2 2026 | +21.1 % | +16.6 % |
| Rtx Corporation | Q2 2026 | +14.5 % | +30.4 % |
| Eaton Corporation Plc | Q2 2026 | +21.4 % | -16.2 % |
| Parker hannifin Corporation | Q2 2026 | +9.8 % | +18.2 % |
| PEERS TOTAL | +18.3 % | +91.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Woodward Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Woodward Inc | Q2 2026 | +14.2 % | +124.6 % |
| Caterpillar Inc | Q2 2026 | +18.3 % | +16.3 % |
| General Electric Company | Q2 2026 | +540.9 % | +2.4 % |
| Rtx Corporation | Q2 2026 | +50.7 % | +11.5 % |
| Eaton Corporation Plc | Q2 2026 | +28.1 % | +25.2 % |
| Parker hannifin Corporation | Q2 2026 | +6.8 % | +32.2 % |
Woodward Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Woodward Inc | 11.37% | 14.40% | 21.79% |
| Caterpillar Inc | 11.11% | 17.90% | 54.18% |
| General Electric Company | 6.98% | 11.25% | 48.50% |
| Rtx Corporation | 4.75% | 6.63% | 12.06% |
| Eaton Corporation Plc | 7.94% | 10.71% | 19.56% |
| Parker hannifin Corporation | 11.99% | 15.10% | 25.38% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Woodward Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Woodward Inc | 36.50 | 4.78 |
| Caterpillar Inc | 35.67 | 5.12 |
| General Electric Company | 38.21 | 6.69 |
| Rtx Corporation | 33.27 | 2.76 |
| Eaton Corporation Plc | 44.45 | 5.66 |
| Parker hannifin Corporation | 34.25 | 5.81 |
| PEERS AVERAGE | 27.38 | 3.89 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.