Commercial Services was Woodward’s largest product and service line in fiscal 2025, bringing in $823.55M of $3.57B (23%).
| 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 |
Woodward brought in $3.57B from its seven product and service lines in fiscal 2025, the year ended September 30, 2025. That was up 7.3% from $3.32B in fiscal 2024. Commercial Services was the largest at $823.55M (23.1%), ahead of Commercial Oem at $690.96M (19.4%) and Defense Oem at $561.29M (15.7%). The other four lines brought in $1.49B combined.
Compared with fiscal 2024, Defense Oem grew fastest, up 38.0% to $561.29M, while Transportation fell the most, down 18.8% to $507.38M.
Woodward began breaking out Commercial Services in fiscal 2023 and Defense Services in fiscal 2023. Woodward stopped reporting Commercial Aftermarket ($420.88M in fiscal 2022) and Defense Aftermarket ($176.99M in fiscal 2022) as separate lines.
Over Time was Woodward’s largest revenue line in fiscal 2025, bringing in $1.40B of $2.31B (60%).
| 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 |
Woodward brought in $2.31B from its two revenue lines in fiscal 2025, the year ended September 30, 2025. That is less than the $3.57B it reports by product and service, so these revenue lines do not cover all of its revenue. Over Time was the largest at $1.40B (60.4%), ahead of Point In Time at $916.67M (39.6%).
Compared with fiscal 2024, Over Time grew 18.8% to $1.40B and Point In Time grew 7.4% to $916.67M.
U.S. Government Related was Woodward’s largest segment in fiscal 2020, bringing in $1.40B of $2.49B (56%).
| 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 |
Woodward brought in $2.49B from its three segments in fiscal 2020, the year ended September 30, 2020. U.S. Government Related was the largest at $1.40B (56.0%), ahead of Indirect Sales To U.S. Government at $1.09B (43.8%) and Direct Sales To U.S. Government at $5.87M (0.2%).
Woodward (WWD) reports its revenue by product and service, by timing of transfer of good or service and by statement business segments. In fiscal 2025, Commercial Services was its largest product and service line, bringing in $823.55M (23.1% of the total), followed by Commercial Oem at $690.96M (19.4%).
Commercial Services was Woodward's largest product and service line in fiscal 2025, bringing in $823.55M, or 23.1% of the $3.57B total across its seven product and service lines.
Over Time was Woodward's largest revenue line in fiscal 2025, bringing in $1.40B, or 60.4% of the $2.31B total across its two revenue lines.
U.S. Government Related was Woodward's largest segment in fiscal 2020, bringing in $1.40B, or 56.0% of the $2.49B total across its three segments.
Among Woodward's product and service lines that make up at least 2% of revenue, Defense Oem grew fastest in fiscal 2025, up 38.0% from $406.81M to $561.29M.
Every figure comes from Woodward's annual financial filings, as reported. Each line keeps the name Woodward gives it, and years follow its fiscal calendar.
Woodward's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.