Commercial Services was the largest of Woodward, Inc.’s 7 reported lines in fiscal 2025, at $823.55M — 23% of $3.57B.
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Reciprocating Engines | — | — | — | — | |||
| Commercial Services | — | $547.63M | $640.82M | $823.55M | |||
| Commercial Oem | $499.44M | $651.28M | $738.39M | $690.96M | |||
| Transportation | $354.68M | $527.50M | $624.76M | $507.38M | |||
| Defense Oem | $422.02M | $368.65M | $406.81M | $561.29M | |||
| Commercial Aftermarket | $420.88M | — | — | — | |||
| Power Generation | $317.03M | $382.54M | $443.67M | $488.94M | |||
| Defense Services | — | $200.55M | $242.59M | $237.01M | |||
| Industrial Turbines | — | — | — | — | |||
| Oil & Gas | $191.76M | $236.43M | $227.20M | $257.94M | |||
| Defense Aftermarket | $176.99M | — | — | — | |||
| Renewables | — | — | — | — | |||
| Total | $2.38B | $2.91B | $3.32B | $3.57B |
In fiscal 2025, which ended September 30, 2025, the 7 revenue lines Woodward, Inc. reported in this breakdown added up to $3.57B. That was up 7.3% from $3.32B in fiscal 2024. Commercial Services was the largest revenue line, at $823.55M or 23.1% of the total, followed by Commercial Oem ($690.96M, 19.4%) and Defense Oem ($561.29M, 15.7%). Together, the two largest revenue lines made up 42.5% of this total.
Compared with fiscal 2024, Defense Oem grew the fastest, rising 38.0% to $561.29M. Transportation fell the most, down 18.8% to $507.38M.
Commercial Services (fiscal 2023) and Defense Services (fiscal 2023) were first reported as separate revenue lines during this period. The table also keeps 5 revenue lines that Woodward, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2019 to 2025, as reported in Woodward, Inc.'s annual filings.
Over Time was the largest of Woodward, Inc.’s 2 reported lines in fiscal 2025, at $1.40B — 60% of $2.31B.
| Timing of Transfer of Good or Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Over Time | $926.09M | $1.02B | $1.17B | $1.40B | |||
| Point In Time | $1.10B | $1.46B | $853.73M | $916.67M | |||
| Total | $2.03B | $2.48B | $2.03B | $2.31B |
In fiscal 2025, which ended September 30, 2025, the 2 revenue lines Woodward, Inc. reported in this breakdown added up to $2.31B. That is less than the $3.57B in its breakdown by revenue line, so these revenue lines do not account for all of its revenue that year. Over Time was the largest revenue line, at $1.40B or 60.4% of the total, followed by Point In Time ($916.67M, 39.6%).
Compared with fiscal 2024, Over Time grew the fastest, rising 18.8% to $1.40B.
This breakdown covers every fiscal year from 2019 to 2025, as reported in Woodward, Inc.'s annual filings.
U.S. Government Related was the largest of Woodward, Inc.’s 3 reported lines in fiscal 2020, at $1.40B — 56% of $2.49B.
| Statement Business Segments | FY 2020 |
|---|---|
| U.S. Government Related | $1.40B |
| Indirect Sales To U.S. Government | $1.09B |
| Direct Sales To U.S. Government | $5.87M |
| Total | $2.49B |
In fiscal 2020, which ended September 30, 2020, the 3 segments Woodward, Inc. reported in this breakdown added up to $2.49B. U.S. Government Related was the largest segment, at $1.40B or 56.0% of the total, followed by Indirect Sales To U.S. Government ($1.09B, 43.8%) and Direct Sales To U.S. Government ($5.87M, 0.2%). Together, the two largest segments made up 99.8% of this total.
This breakdown covers every fiscal year from 2020 to 2020, as reported in Woodward, Inc.'s annual filings.
Woodward, Inc. (WWD) breaks its revenue down by revenue line and segment. In fiscal 2025, its largest revenue line was Commercial Services, with $823.55M or 23.1% of the total, followed by Commercial Oem at $690.96M (19.4%).
Commercial Services was Woodward, Inc.'s largest revenue line in fiscal 2025, with $823.55M in revenue, 23.1% of the $3.57B reported across its 7 revenue lines.
U.S. Government Related was Woodward, Inc.'s largest segment in fiscal 2020, with $1.40B in revenue, 56.0% of the $2.49B reported across its 3 segments.
Of the Woodward, Inc. revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Defense Oem grew the fastest, rising 38.0% from $406.81M to $561.29M.
Every figure is taken from Woodward, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2019 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.