• Woodward average return on equity for 2023 was 11.03, a 32.41% increase from 2022.
• Woodward average return on equity for 2022 was 8.33, a 14.83% increase from 2021.
• Woodward average return on equity for 2021 was 9.78, a 26.52% decline from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.