Woodside Ltd Financials

WDS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Woodside Ltd (WDS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WDS FY2025 2026-04-22

A growing asset base is absorbing healthy cash generation, making this a reinvestment-heavy business with a conservative funding mix.

From FY2023 to FY2025, total assets rose from $55.4B to $66.5B while revenue edged lower, so each dollar of sales now rests on a larger operating base. In FY2025, operating cash flow was $7.2B versus $2.7B of net income, showing good cash conversion but also that this is a reinvestment-heavy engine rather than a lightly capitalized one.

FY2025 ended with cash exceeding long-term debt by a wide margin—$5.7B versus $1.6B—so the company is not using leverage as the main support for its heavy spending cycle. The current ratio improved from 1.0x in FY2023 to 1.6x in FY2025, meaning near-term obligations look less constraining than they did two years earlier.

Net margin recovered from the FY2023 dip but eased to 21.1% in FY2025 from 27.7% in FY2024, which suggests earnings remain more variable than cash generation. With dividends paid reduced to $2.0B, more internally generated cash appears to be staying inside the business while reinvestment remains elevated.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Woodside Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Woodside Ltd's revenue declined 1.5% year-over-year, from $13.2B to $13.0B. This contraction results in a growth score of 27/100.

Leverage

100

Woodside Ltd carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Woodside Ltd's current ratio of 1.59 is below the typical benchmark, resulting in a score of 27/100. However, the company holds substantial cash reserves (105% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Returns

Woodside Ltd generates a 6.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is down from 10.1% the prior year.

Piotroski F-Score Neutral

4/9

Woodside Ltd passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.63x

For every $1 of reported earnings, Woodside Ltd generates $2.63 in operating cash flow ($7.2B OCF vs $2.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$13.0B

YoY-1.5%

5Y CAGR+29.2%

Woodside Ltd generated $13.0B in revenue in fiscal year 2025. This represents a decrease of 1.5% from the prior year.

EBITDA

N/A

Net Income

$2.7B

YoY-24.9%

Woodside Ltd reported $2.7B in net income in fiscal year 2025. This represents a decrease of 24.9% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$5.7B

YoY+45.6%

5Y CAGR+9.6%

Woodside Ltd held $5.7B in cash against $1.6B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.90B

YoY+0.1%

Woodside Ltd had 1.90B shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

21.1%

YoY-6.6pp

5Y CAGR+131.5pp

Woodside Ltd's net profit margin was 21.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.6 percentage points from the prior year.

Return on Equity

6.9%

YoY-3.2pp

5Y CAGR+37.7pp

Woodside Ltd's ROE was 6.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WDS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$13.0B-1.5%	$13.2B-5.8%	$14.0B-16.8%	$16.8B+141.6%	$7.0B+93.4%	$3.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$106.0M+3.9%	$102.0M0.0%	$102.0M-1.0%	$103.0M+6.2%	$97.0M+12.8%	$86.0M
Income Tax	$763.0M-6.3%	$814.0M+24.7%	$653.0M-77.6%	$2.9B+204.3%	$957.0M+193.3%	-$1.0B
Net Income	$2.7B-24.9%	$3.6B+111.7%	$1.7B-73.8%	$6.6B+222.9%	$2.0B+151.2%	-$4.0B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WDS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$66.5B+8.5%	$61.3B+10.7%	$55.4B-6.7%	$59.3B+124.1%	$26.5B	N/A
Current Assets	$8.6B+14.0%	$7.6B+47.8%	$5.1B-44.9%	$9.3B+117.2%	$4.3B	N/A
Cash & Equivalents	$5.7B+45.6%	$3.9B+125.5%	$1.7B-71.9%	$6.2B+105.0%	$3.0B-16.1%	$3.6B
Inventory	$693.0M+1.3%	$684.0M+11.0%	$616.0M-9.1%	$678.0M+235.6%	$202.0M	N/A
Accounts Receivable	$1.8B-26.7%	$2.4B+57.5%	$1.5B-3.9%	$1.6B+328.8%	$368.0M	N/A
Goodwill	$4.0B+2.2%	$3.9B-3.2%	$4.0B0.0%	$4.0B-13.4%	$4.6B	N/A
Total Liabilities	$26.7B+6.2%	$25.1B+24.4%	$20.2B-9.0%	$22.2B+81.2%	$12.2B	N/A
Current Liabilities	$5.4B-7.5%	$5.9B+17.6%	$5.0B-24.6%	$6.6B+152.0%	$2.6B	N/A
Long-Term Debt	$1.6B+11.6%	$1.4B+8.9%	$1.3B+0.5%	$1.3B+11.4%	$1.2B-81.1%	$6.2B
Total Equity	$39.8B+10.2%	$36.2B+2.8%	$35.2B-5.3%	$37.1B+160.9%	$14.2B+10.5%	$12.9B
Retained Earnings	$578.0M-75.4%	$2.3B+1162.4%	$186.0M-94.4%	$3.3B-1.2%	$3.4B	N/A

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$66.5B+8.5%	$61.3B+10.1%	$55.6B+0.5%	$55.4B-6.7%	$59.3B+124.1%	$26.5B	N/A
Current Assets	$8.6B+14.0%	$7.6B+25.0%	$6.1B+18.2%	$5.1B-44.9%	$9.3B+117.2%	$4.3B	N/A
Cash & Equivalents	$5.7B+45.6%	$3.9B+98.2%	$2.0B+13.7%	$1.7B-71.9%	$6.2B+105.0%	$3.0B-16.1%	$3.6B
Inventory	$693.0M+1.3%	$684.0M-4.9%	$719.0M+16.7%	$616.0M-9.1%	$678.0M+235.6%	$202.0M	N/A
Accounts Receivable	$1.8B-26.7%	$2.4B+63.8%	$1.5B-3.8%	$1.5B-3.9%	$1.6B+328.8%	$368.0M	N/A
Goodwill	$4.0B+2.2%	$3.9B+4.6%	$3.7B-7.5%	$4.0B0.0%	$4.0B-13.4%	$4.6B	N/A
Total Liabilities	$26.7B+6.2%	$25.1B+26.7%	$19.8B-1.9%	$20.2B-9.0%	$22.2B+81.2%	$12.2B	N/A
Current Liabilities	$5.4B-7.5%	$5.9B+20.0%	$4.9B-2.0%	$5.0B-24.6%	$6.6B+152.0%	$2.6B	N/A
Long-Term Debt	$1.6B+11.6%	$1.4B+8.0%	$1.3B+0.8%	$1.3B+0.5%	$1.3B+11.4%	$1.2B-81.1%	$6.2B
Total Equity	$39.8B+10.2%	$36.2B+0.9%	$35.8B+1.9%	$35.2B-5.3%	$37.1B+160.9%	$14.2B+10.5%	$12.9B
Retained Earnings	$578.0M-75.4%	$2.3B+66.8%	$1.4B+657.0%	$186.0M-94.4%	$3.3B-1.2%	$3.4B	N/A

WDS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$7.2B+23.0%	$5.8B-4.8%	$6.1B-30.3%	$8.8B+132.4%	$3.8B+105.1%	$1.8B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$7.9B-37.7%	-$5.7B-2.9%	-$5.6B-146.6%	-$2.3B+23.0%	-$2.9B-39.3%	-$2.1B
Financing Cash Flow	$2.5B+18.6%	$2.1B+142.0%	-$5.0B-48.6%	-$3.4B-136.2%	-$1.4B-601.5%	-$203.0M
Dividends Paid	$2.0B-17.8%	$2.4B-42.4%	$4.3B+66.3%	$2.6B+785.1%	$289.0M-36.3%	$454.0M
Share Buybacks	N/A	N/A	N/A	$144.0M	N/A	N/A

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WDS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	21.1%-6.6pp	27.7%+15.4pp	12.3%-26.8pp	39.1%+9.9pp	29.2%+139.7pp	-110.4%
Return on Equity	6.9%-3.2pp	10.1%+5.2pp	4.9%-12.8pp	17.7%+3.4pp	14.3%+45.2pp	-30.9%
Return on Assets	4.1%-1.8pp	5.9%+2.8pp	3.1%-8.0pp	11.1%+3.4pp	7.7%	N/A
Current Ratio	1.59+0.3	1.29+0.3	1.03-0.4	1.41-0.2	1.63	N/A
Debt-to-Equity	0.040.0	0.040.0	0.040.0	0.04-0.0	0.08-0.4	0.48
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.59+0.3	1.29+0.1	1.24+0.2	1.03-0.4	1.41-0.2	1.63	N/A
Debt-to-Equity	0.040.0	0.040.0	0.040.0	0.040.0	0.04-0.0	0.08-0.4	0.48
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Woodside Ltd's annual revenue?

Woodside Ltd (WDS) reported $13.0B in total revenue for fiscal year 2025. This represents a -1.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Woodside Ltd's revenue growing?

Woodside Ltd (WDS) revenue declined by 1.5% year-over-year, from $13.2B to $13.0B in fiscal year 2025.

Is Woodside Ltd profitable?

Yes, Woodside Ltd (WDS) reported a net income of $2.7B in fiscal year 2025, with a net profit margin of 21.1%.

How much debt does Woodside Ltd have?

As of fiscal year 2025, Woodside Ltd (WDS) had $5.7B in cash and equivalents against $1.6B in long-term debt.

What is Woodside Ltd's net profit margin?

Woodside Ltd (WDS) had a net profit margin of 21.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Woodside Ltd's return on equity (ROE)?

Woodside Ltd (WDS) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Woodside Ltd's operating cash flow?

Woodside Ltd (WDS) generated $7.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Woodside Ltd's total assets?

Woodside Ltd (WDS) had $66.5B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Woodside Ltd have outstanding?

Woodside Ltd (WDS) had 1.90B shares outstanding as of fiscal year 2025.

What is Woodside Ltd's current ratio?

Woodside Ltd (WDS) had a current ratio of 1.59 as of fiscal year 2025, which is generally considered healthy.

What is Woodside Ltd's debt-to-equity ratio?

Woodside Ltd (WDS) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Woodside Ltd's return on assets (ROA)?

Woodside Ltd (WDS) had a return on assets of 4.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Woodside Ltd's Piotroski F-Score?

Woodside Ltd (WDS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Woodside Ltd's earnings high quality?

Woodside Ltd (WDS) has an earnings quality ratio of 2.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Woodside Ltd?

Woodside Ltd (WDS) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.