• Woodward average ebit margin for 2023 was 9.02%, a 1.92% increase from 2022.
• Woodward average ebit margin for 2022 was 8.85%, a 15.23% increase from 2021.
• Woodward average ebit margin for 2021 was 10.44%, a 12.56% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues