HIGHOutside partySupplier
single source of supply
“10-K Item 1A: 'In some instances, we depend upon a single source of supply, manufacturing, or logistics support'”
WWD · Concentration risk · 10-K extracted
Woodward (WWD) concentration risks
Updated
The most significant concentration Woodward discloses is single source of supply, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Woodward’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
46%
customers outside the United States
“10-K Item 1A: 'approximately 46% of our total sales were made to customers in jurisdictions outside of the United States'”
MEDIUMOutside partyCustomer
36%
top five customers
“10-K Item 1: 'Sales to our five largest customers represented approximately 36% of our consolidated net sales for the fiscal year ended September 30, 2025'”
LOWBuilt-in & outside partyCustomer
20%
U.S. Government
“10-K Item 1A: 'Sales made directly to U.S. Government agencies and entities ... accounted for approximately 20% of total sales in fiscal year 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile spans supply, geography, customer, and government-channel exposures, each sitting at a different level of share and character. On the supply side, in some instances the company depends upon a single source of supply, manufacturing, or logistics support, a high-share dependency by disclosed size with no specific percentage disclosed. Single-source supplier reliance is the most idiosyncratic risk in the profile given the potential for production disruption if that relationship is impaired. Geographically, approximately 46% of total sales were made to customers in jurisdictions outside of the United States, a moderate share by disclosed size and a structural character reflecting the global nature of the aerospace and industrial end-markets served. At the customer level, sales to the five largest customers represented approximately 36% of consolidated net sales for the fiscal year ended September 30, 2025, a moderate share by disclosed size. The dependency character of this exposure means that the timing and size of orders from a small set of platform and program buyers can drive meaningful variability in quarterly results. Sales made directly to U.S. Government agencies and entities accounted for approximately 20% of total sales in fiscal year 2025, a limited share by disclosed size and a mixed character — it is partially structural (defense and government platforms are a deliberate market) and partially a dependency risk given that government procurement can be subject to budget cycles, continuing resolutions, and program cancellations. On balance, the single-source supply dependency and the customer concentration are the two exposures most worth tracking.
For the engine’s reasoning on WWD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Aerospace & Defense
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| WWD● | Woodward, Inc. | 1 | 2 | 1 | 4 |
| AVAV | AeroVironment, Inc. | 1 | 1 | 2 | 4 |
| ACHR | Archer Aviation Inc. | 1 | 0 | 0 | 1 |
| AXON | Axon Enterprise, Inc. | 0 | 2 | 0 | 2 |
| AIR | AAR Corp. | 0 | 0 | 1 | 1 |
| ATRO | Astronics Corporation | 0 | 0 | 1 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.