• Woodward average net profit margin for 2023 was 7.77%, a 6.44% increase from 2022.
• Woodward average net profit margin for 2022 was 7.3%, a 21.67% increase from 2021.
• Woodward average net profit margin for 2021 was 9.32%, a 2.2% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.