Quick Answer
Woodward, Inc. reported R&D Expense of $147.57 million for fiscal year 2025.
Woodward, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $147.57M | +4.9% |
| 2024 | $140.68M | +6.5% |
| 2023 | $132.09M | +10.3% |
| 2022 | $119.78M | +2.3% |
| 2021 | $117.09M | -12.1% |
| 2020 | $133.13M | -16.3% |
| 2019 | $159.11M | +7.3% |
| 2018 | $148.28M | +17.2% |
| 2017 | $126.52M | +0.3% |
| 2016 | $126.17M | -6.2% |
| 2015 | $134.49M | -2.6% |
| 2014 | $138.00M | +6.0% |
| 2013 | $130.25M | -9.1% |
| 2012 | $143.27M | +23.9% |
| 2011 | $115.63M | +40.1% |
| 2010 | $82.56M | +5.1% |
| 2009 | $78.54M | +7.0% |
| 2008 | $73.41M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| December 31, 2025 | $37.76M | +25.0% | -8.1% |
| June 30, 2025 | $41.09M | +6.1% | +10.4% |
| March 31, 2025 | $37.23M | +2.1% | +23.2% |
| December 31, 2024 | $30.21M | -1.9% | -22.0% |
| June 30, 2024 | $38.73M | +10.5% | +6.2% |
| March 31, 2024 | $36.47M | -3.5% | +18.4% |
| December 31, 2023 | $30.79M | +7.5% | -12.1% |
| June 30, 2023 | $35.03M | +8.7% | -7.3% |
- Woodward, Inc. showed an increase of +4.9% in R&D Expense compared to the prior fiscal year.
- Over the 2008–2025 period, Woodward, Inc.’s r&d expense has grown by 101.0% (from $73.41 million to $147.57 million).
- The most recent figure is from Woodward, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on November 25, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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