Revenue (Tables)

12 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue Derived from Product Sales

	Year Ended September 30,
	2024			2023			2022
Manufactured products		83	%		84	%		84	%
MRO		15	%		14	%		14	%
Services		2	%		2	%		2	%

Schedule of Revenue Recognition Time

The amount of revenue recognized as point in time or over time follows:

	For the Year Ended September 30,
	2024						2023						2022
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	853,728	$	780,794	$	1,634,522	$	748,278	$	708,458	$	1,456,736	$	593,233	$	509,737	$	1,102,970
Over time		1,174,890		514,837		1,689,727		1,019,825		438,005		1,457,830		926,089		353,731		1,279,820
Total net sales	$	2,028,618	$	1,295,631	$	3,324,249	$	1,768,103	$	1,146,463	$	2,914,566	$	1,519,322	$	863,468	$	2,382,790

Summary of Amounts Recognized Related to Changes in Estimated Total Lifetime Sales for Material Rights and Costs to Fulfill Contracts With Customers

Amounts recognized related to changes in estimated total lifetime sales for material rights and costs to fulfill contracts with customers follows:

	Year Ended September 30,
	2024		2023		2022
Revenue	$	17,154	$	1,460	$	1,514
Cost of goods sold		15,486		1,736		667

Summary of Amounts Recognized Related to Amortization of Costs to Fulfill Contracts and Contract Liabilities Not Related to Changes in Estimate

Amounts recognized related to amortization of costs to fulfill contracts and contract liabilities, which were not related to changes in estimate, follows:

	Year Ended September 30,
	2024		2023		2022
Revenue	$	7,230	$	6,741	$	4,107
Cost of goods sold		3,112		5,559		3,077

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

	September 30, 2024			September 30, 2023
Billed receivables
Trade accounts receivable	$	455,831		$	434,287
Other (Chinese financial institutions)		1,403			50,940
Total billed receivables		457,234			485,227
Current unbilled receivables (contract assets)		320,570			270,479
Total accounts receivable		777,804			755,706
Less: Allowance for uncollectible amounts		(7,738	)		(5,847	)
Total accounts receivable, net	$	770,066		$	749,859

Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables

The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following:

	Year Ended September 30,
	2024			2023			2022
Balance, beginning	$	5,847		$	3,922		$	3,664
Changes in estimates		3,219			7,211			447
Write-offs		(586	)		(5,305	)		(46	)
Other1		(742	)		19			(143	)
Balance, ending	$	7,738		$	5,847		$	3,922

(1)Includes effects of foreign exchange rate changes during the period.

Schedule of Contract Liability

Contract liabilities consisted of the following:

	September 30, 2024				September 30, 2023
	Current		Noncurrent		Current		Noncurrent
Deferred revenue from material rights from JV formation	$	6,580	$	232,164	$	6,147	$	233,997
Deferred revenue from advanced invoicing and/or prepayments from customers		23,706		6,437		6,868		2,196
Liability related to customer supplied inventory		20,563		—		14,543		—
Deferred revenue from material rights related to engineering and development funding		5,942		186,008		6,190		178,464
Net contract liabilities	$	56,791	$	424,609	$	33,748	$	414,657

Schedule of Revenue Recognized Related to Noncash Consideration

The amount of revenue recognized related to noncash consideration received from customers follows:

	For the Year Ended September 30,
	2024		2023		2022
Aerospace	$	61,323	$	50,329	$	63,358
Industrial		4,974		1,939		2,343
Consolidated	$	66,297	$	52,268	$	65,701

Schedule of Disaggregation of Revenue

Revenue by primary market for the Aerospace reportable segment was as follows:

	Year Ended September 30,
	2024		2023		2022
Commercial OEM	$	738,394	$	651,275	$	499,438
Commercial aftermarket		640,823		547,625		420,881
Defense OEM		406,810		368,653		422,016
Defense aftermarket		242,591		200,550		176,987
Total Aerospace segment net sales	$	2,028,618	$	1,768,103	$	1,519,322

Revenue by primary market for the Industrial reportable segment was as follows:

	Year Ended September 30,
	2024		2023		2022
Power generation	$	423,872	$	382,536	$	317,026
Transportation		642,174		527,498		354,682
Oil and gas		229,585		236,429		191,760
Total Industrial segment net sales	$	1,295,631	$	1,146,463	$	863,468

The customers who account for approximately 10% or more of net sales of each of Woodward’s reportable segments are as follows:

	For the Year Ended September 30,
	2024	2023
Aerospace	RTX Corporation, The Boeing Company	RTX Corporation, GE, The Boeing Company
Industrial	Weichai Power, Rolls-Royce PLC	Rolls-Royce PLC, Caterpillar Inc., Weichai Power

Net sales by geographic area, as determined based on the location of the customer, were as follows:

	Year Ended September 30,
	2024						2023						2022
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
United States	$	1,404,223	$	294,033	$	1,698,256	$	1,254,954	$	283,121	$	1,538,075	$	1,105,860	$	205,740	$	1,311,600
Germany		72,583		196,775		269,358		80,450		193,392		273,842		57,840		174,216		232,056
Europe, excluding Germany		202,421		297,517		499,938		163,222		273,757		436,979		128,719		234,795		363,514
China		96,136		293,908		390,044		56,773		186,713		243,486		49,407		86,972		136,379
Asia, excluding China		59,103		163,603		222,706		37,107		162,922		200,029		23,334		128,855		152,189
Other countries		194,152		49,795		243,947		175,597		46,558		222,155		154,162		32,890		187,052
Total net sales	$	2,028,618	$	1,295,631	$	3,324,249	$	1,768,103	$	1,146,463	$	2,914,566	$	1,519,322	$	863,468	$	2,382,790