Woodward (MEX:WWD) Operating Income: MXN10,904 Mil (TTM As of Mar. 2026)

What is Woodward Operating Income?

Woodward MEX:WWD 59 Operating Income is MXN10,904 Mil as of Mar. 2026. GuruFocus rates MEX:WWD with a GF Score™ of 59/100 and a GF Value™ of MXN3,948.37 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Woodward's Operating Income for the three months ended in Mar. 2026 was MXN3,021 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN10,904 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Woodward's Operating Income for the three months ended in Mar. 2026 was MXN3,021 Mil. Woodward's Revenue for the three months ended in Mar. 2026 was MXN19,666 Mil. Therefore, Woodward's Operating Margin % for the quarter that ended in Mar. 2026 was 15.36%.

Good Sign:

Woodward Inc operating margin is expanding. Margin expansion is usually a good sign.

Woodward's 5-Year average Growth Rate for Operating Margin % was 3.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Woodward's annualized ROC % for the quarter that ended in Mar. 2026 was 14.02%. Woodward's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.53%.

Woodward (MEX:WWD) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Woodward's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	12082.196 * ( 1 - 19.96% )	/	( (67767.099	+	70141.343)	/ 2 )
=	9670.5896784	/	68954.221
=	14.02 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	85237.129	-	9291.031	-	( 8178.999	-	max(0, 17990.053	-	36895.894	+	8178.999	))
=	67767.099

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	89606.506	-	10427.733	-	( 9037.43	-	max(0, 23654.484	-	40968.888	+	9037.43	))
=	70141.343

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Woodward's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	12944.736	/	( ( (18045.078 + max(10784.118, 0))	+	(18660.202 + max(11980.981, 0)) )	/	2 )
=	12944.736	/	( ( 28829.196	+	30641.183 )	/	2 )
=	12944.736	/	29735.1895
=	43.53 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(7451.515	+	12409.835	+	1151.77)	-	(9291.031	+	884.872	+	53.098999999998)
=	10784.118

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(9674.075	+	12703.406	+	1177.788)	-	(10427.733	+	1093.99	+	52.564999999999)
=	11980.981

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Woodward's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	3020.549	/	19665.886
	=	15.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Woodward Operating Income Related Terms

Woodward Operating Income Historical Data

* Premium members only.

The historical data trend for Woodward's Operating Income can be seen below:

Woodward Operating Income Chart

Woodward Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Operating Income

Get a 7-Day Free Trial

5,080.89

4,073.65

4,804.06

8,433.43

8,785.06

Woodward Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															2,435.08	2,247.60	2,765.85	2,870.47	3,020.55

59GF Score

Woodward Inc MEX:WWD

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Woodward Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN10,904 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of MXN10,904 Mil mean?

Woodward (MEX:WWD) has a Operating Income of MXN10,904 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Woodward and its competitors.

Is Woodward's Operating Income too high?

Woodward's current Operating Income is MXN10,904 Mil. Overall, Woodward has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Woodward's Operating Income compare to FTAI and CW?

Woodward's Operating Income of MXN10,904 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for an Aerospace & Defense company?

A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Woodward and its competitors. Woodward's current Operating Income is MXN10,904 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Woodward stock overvalued right now?

Based on GuruFocus' analysis, Woodward (MEX:WWD) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN3,948.37, compared to a current price of MXN7,140.03 — trading 80.8% above its estimated fair value. The current Operating Income is MXN10,904 Mil. Woodward's overall GF Score™ is 59/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Woodward (MEX:WWD), the current Operating Income is MXN10,904 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Woodward (MEX:WWD) Overvalued in 2026?

Based on GuruFocus' analysis, Woodward stock appears to be overvalued. The current stock price of MXN7,140.03 is trading 80.8% above its estimated GF Value™ of MXN3,948.37. GuruFocus considers Woodward to be Significantly Overvalued.

Key valuation signals for MEX:WWD:

Operating Income: MXN10,904 Mil
GF Value™: MXN3,948.37 vs. price of MXN7,140.03 (80.8% above fair value)
GF Score™: 59/100 with 7 warning signs

No single metric tells the full story. See the MEX:WWD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Woodward Business Description

Industry Industrials Aerospace & Defense

Comparable Companies FTAI CW ARXS BWXT TXT AXON MOG.A DRS HII HEI.A SPCX GE RTX XPAR:AIR BA XPAR:SAF LSE:RR.LMT HWM GD

Other Exchanges WWD:USA WW1:Germany

Address 1081 Woodward Way, Fort Collins, CO, USA, 80524

Website https://www.woodward.com

Woodward Inc is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. It designs, produces, and services reliable, efficient, low-emission, and high-performance energy control products for diverse applications in challenging environments. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servo controls, motors, and sensors for aircraft. The Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors.

59GF Score

Get the complete analysis for MEX:WWD

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN7,140.03

Price

MXN3,948.37

GF Value

View MEX:WWD Analysis

See Operating Income data for all stocks →