Woodward (WWD) Return on Invested Capital [ROIC] (2010 - 2026)
Woodward's Return on Invested Capital [ROIC] came in at 14.06% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 3.40 percentage points from 10.66% a year earlier and up 0.40 percentage points from the prior quarter.
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Analysis
Woodward (WWD) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Woodward's Return on Invested Capital [ROIC] was 12.86%, up 0.81 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last three fiscal years, with a five-year change of +4.78 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Invested Capital [ROIC] was 12.05% in FY2024 (+3.71 pp), 8.34% in FY2023 (+2.05 pp), 6.29% in FY2022 (-0.82 pp) and 7.11% in FY2021 (-0.97 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q4 2010.
- Year-over-year, Return on Invested Capital [ROIC] has increased for four consecutive quarters, with an average year-over-year change of +1.64 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in fiscal Q2 2024 (a gain of 5.37 percentage points), and the weakest in fiscal Q4 2021 (a drop of 1.01 percentage points).
- Business Quant data shows WWD's Return on Invested Capital [ROIC] at 13.66% (Q2 2026), 13.51% (Q1 2026) and 12.18% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | -53.90% |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 8.08% |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 7.69% |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 26.98% |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 19.17% |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 13.63% |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 20.27% |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 12.31% |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 12.25% |
| 10 | Woodward | 19.58 Bn | 17.82 Bn | 349.91 Mn | 14.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.06% |
| Mar 31, 2026 | 13.66% |
| Dec 31, 2025 | 13.51% |
| Sep 30, 2025 | 12.18% |
| Jun 30, 2025 | 10.66% |
| Mar 31, 2025 | 11.03% |
| Dec 31, 2024 | 11.28% |
| Sep 30, 2024 | 11.48% |
| Jun 30, 2024 | 11.31% |
| Mar 31, 2024 | 11.16% |
| Dec 31, 2023 | 9.74% |
| Sep 30, 2023 | 8.10% |
| Jun 30, 2023 | 7.12% |
| Mar 31, 2023 | 5.79% |
| Dec 31, 2022 | 6.53% |
| Sep 30, 2022 | 6.50% |
| Jun 30, 2022 | 6.49% |
| Mar 31, 2022 | 6.29% |
| Dec 31, 2021 | 6.63% |
| Sep 30, 2021 | 7.12% |
API Access
Woodward Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=WWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "WWD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=WWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();