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Friday 6 November 2026 Export CW’s income statement to Excel — free account

Curtiss-Wright Corporation

CW Industrials Aerospace & Defense

Curtiss-Wright Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, up 12.1% from fiscal 2024.

Revenue
+9.60%
EPS
+13.5%
Free cash flow
+2.47%
Total debt
−1.19%

Quarter to September 2026, against a year earlier

436.47 15.66 −3.46%
Market cap
$16.0B
P/E
29.0×
Fwd P/E
30.6×
Dividend yield
0.23%
F-score
8/9
Altman Z
6.97
Beneish M
−2.54
Dividend safety
89/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Naval & Power
  • Defense Electronics
  • Aerospace & Industrial

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.15
Sold, $m 22.87
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell 1 2 7 9 — 1 4 — 2 — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 16,020.00
Revenue ttm 3,737.27
Net income ttm 555.24
Free cash flow ttm 708.69
Net debt Q 676.03
Valuation
P/E 28.98
Forward P/E 30.60
Price / sales 4.28
Forward P/S Powerpack
Price / FCF 25.72
Price / book 6.26 (above 6: high)
Financial health
Current ratio Q 1.42
Debt / equity Q 0.37 (at or below 0.5: strong)
Interest coverage Q 18.00
Growth
Revenue growth Q +9.60% (above 0%: growing)
Operating income growth Q +13.04% (above 0%: growing)
EPS, this year +16.32% (at or above 15%: strong)
EPS, next year A +12.49%
Revenue, next year A +8.65%
EPS, past 5 yrs +21.81% (at or above 15%: strong)
EPS, next 5 yrs A +14.08%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.5×, against a ten-year median of 2.6×; over the ten years it ranged from 1.7× in 2020 to 7.8× in 2026.
P/E against its own 10 years 80.16%
10-year low 10-year high
P/S against its own 10 years 83.72%
10-year low 10-year high
P/B against its own 10 years 86.62%
10-year low 10-year high
EV/Sales against its own 10 years 83.31%
10-year low 10-year high
EV/FCF against its own 10 years 70.19%
10-year low 10-year high

Dividends raised every year since 2017

Yield
0.23%
Annual rate
1.00
Payout ratio
6.67%
Growth, 2017–25
+6.55%/yr
  1. 0.56 ’17
  2. 0.60 ’18 +7
  3. 0.66 ’19 +10
  4. 0.68 ’20 +3
  5. 0.71 ’21 +4
  6. 0.75 ’22 +6
  7. 0.79 ’23 +5
  8. 0.83 ’24 +5
  9. 0.93 ’25 +12
  10. 1.03 ’26e +10
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 407 385 371 281
Receivables 733 835 932 1,049
Inventory 510 541 615 716
Other 68 88 100 120
1,717 1,850 2,018 2,166
2023 2024 2025 Q'26
Payables 244 247 310 304
ST’ Debt — 90 200 200
Other 71 80 91 106
807 1,096 1,406 1,521

Compound Annual Growth %

10y 5y 3y
Sales 4.72% 7.91% 11.01%
Cash Flow 14.75% 19.76% 29.72%
Earnings 12.78% 19.18% 18.05%
Book Value 7.27% 7.22% 8.54%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.76 Actual 3.94

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.66 3.79 Beat by 0.13
Q1 FY26 3.32 3.48 Beat by 0.16
Q2 FY26 3.62 3.72 Beat by 0.10
Q3 FY26 3.76 3.94 Beat by 0.18
Q4 FY26 4.38 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.46 4.07 3.77 — —
’25 2.68 3.19 3.31 3.69 12.87
’24 1.99 2.58 2.89 3.09 10.55
’23 1.48 2.10 2.51 3.11 9.20
’22 1.05 1.83 1.91 2.82 7.62
’21 1.45 1.49 1.70 1.94 6.58
’20 1.21 0.74 1.55 1.30 4.80
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 914 924 953 — —
’25 806 877 869 947 3,498
’24 713 785 799 824 3,121
’23 631 704 724 786 2,845
’22 559 609 631 758 2,557
’21 597 621 621 662 2,501
’20 601 550 572 668 2,391
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) 181 180 — —
’25 (39) 137 193 353 643
’24 (46) 111 177 301 544
’23 (92) 111 146 282 448
’22 (124) 31 96 292 295
’21 (27) 75 107 232 388
’20 (193) 140 56 257 261
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (17) 160 180 — —
’25 (54) 117 176 316 555
’24 (58) 100 164 280 487
’23 (102) 99 137 278 413
’22 (130) 23 89 284 266
’21 (34) 68 98 219 351
’20 (209) 130 49 247 217
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 8.5% a year for ten years. It grew 8.3% a year over the last ten.

Implied
8.5%
10 years, reported
8.3%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,109 2,271 2,412 2,488 2,391 2,501 2,557 2,845 3,121 3,498 3,737 +5.8% 3,801 4,114 4,450 +8.4%
Gross margin, % 34.84 35.26 36.12 36.12 35.18 37.10 37.33 37.51 36.96 37.20 38.07 +2.4 pt
EBT 268 300 356 396 263 349 389 463 522 620 707 +9.8%
EBT margin, % 12.71 13.19 14.77 15.94 11.00 13.95 15.22 16.27 16.73 17.72 18.92 +5.0 pt
Net income 187 215 276 308 201 263 294 355 405 484 555 +11.1%
Per share, $
Per share, $ Revenue 47.51 51.40 54.95 58.21 57.29 61.87 66.61 74.32 81.81 93.50 101.87 +7.8%
Earnings 4.22 4.86 6.28 7.20 4.83 6.61 7.67 9.26 10.61 12.94 15.06 +13.3%
Cash flow 9.53 8.80 7.66 9.86 6.26 9.59 7.68 11.70 14.27 17.20 19.32 +6.8%
Capex (0.97) (1.04) (1.01) (1.28) (1.07) (0.92) (0.74) (0.93) (1.51) (2.36) 0.00 +10.4%
Free cash flow 8.56 7.76 6.65 8.58 5.19 8.67 6.94 10.78 12.75 14.83 19.32 +6.3%
Book value 29.09 34.58 34.88 41.52 42.83 45.19 51.61 60.82 64.21 67.71 69.77 +9.8%
Shares, m 44 44 44 43 42 40 38 38 38 37 37 (1.9%)
Valuation, ×
Valuation, × P/E 23.28 25.14 16.24 19.60 24.04 20.98 21.52 24.01 33.42 42.57 28.98 25.1
P/S 2.07 2.39 1.86 2.42 2.03 2.24 2.48 2.99 4.34 5.90 4.28 2.9
P/B 3.39 3.55 2.93 3.39 2.72 3.07 3.20 3.66 5.53 8.14 6.26 4.0
EV/Sales 2.27 2.54 2.06 2.58 2.39 2.60 2.87 3.29 4.55 6.06 4.47 3.1
EV/FCF 12.59 16.77 17.11 17.51 26.41 18.58 27.54 22.69 29.20 38.23 26.81 22.7
Cash, $m
Cash, $m Operating cash flow 423 389 336 421 261 388 295 448 544 643 709 +4.8%
Capex (43) (46) (44) (55) (45) (37) (28) (36) (58) (88) (86) +8.3%
Free cash flow 380 343 292 367 217 351 266 413 487 555 709 +4.3%
Balance, $m
Balance, $m Working capital 740 811 657 785 490 573 535 911 754 613 645 (2.1%)
Net debt 412 339 486 398 860 906 997 643 664 587 676 +4.0%
Shareholders’ equity 1,291 1,528 1,531 1,774 1,788 1,826 1,981 2,328 2,450 2,534 2,560 +7.8%
Returns, %
Returns, % ROA 6.22 6.85 8.50 8.76 5.17 6.47 6.88 7.82 8.43 9.49 10.60 +3.3 pt
ROIC 10.88 10.88 11.58 11.62 6.82 8.63 8.88 10.19 10.61 12.69 13.67 +1.8 pt
ROE 14.71 15.25 18.03 18.61 11.31 14.54 15.46 16.45 16.95 19.43 21.82 +4.7 pt
People
People Employees 8,000 8,600 9,000 9,100 8,200 7,800 8,100 8,600 8,800 9,100 — +1.4%
Revenue/emp, $m 0.26 0.26 0.27 0.27 0.29 0.32 0.32 0.33 0.35 0.38 — +4.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

Curtiss-Wright supplies engineered products and services used in defense, commercial aerospace, nuclear power and industrial applications. Its customers include defense prime contractors, aircraft manufacturers, energy companies and manufacturers. The company is headquartered in Davidson, North Carolina, and its chair and chief executive officer is Lynn M. Bamford.

The company operates through three segments. Aerospace & Industrial makes sensors, controls and motion-control components for aircraft and other applications, and treats metal surfaces to improve their properties. It also supplies electronics and controls used in industrial and specialty vehicles. Defense Electronics provides computing equipment, flight-test instruments, communications systems and other electronics for military aircraft, vehicles and ships.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Naval & Power 1,503 42.98%
Defense Electronics 1,022 29.21%
Aerospace & Industrial 977 27.93%
Gross margin 37.20%
Operating margin 18.11%
Pre-tax margin 17.72%

Revenue by segment since 2009

Curtiss-Wright Corporation vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ARXS Arxis, Inc. $20.9B — — +35.96% (above 0%: growing) — +117.42% (above 0%: growing) 54.27% 23.66% Compare
WWD Woodward, Inc. $18.1B 33.2× 32.8× +21.22% (above 0%: growing) +35.71% (above 0%: growing) −12.15% (below 0%: shrinking) 31.53% 16.66% Compare
FTAI FTAI Aviation Ltd. $16.6B 32.5× 33.5× +46.56% (above 0%: growing) +32.16% (above 0%: growing) −17.34% (below 0%: shrinking) 36.19% 22.39% Compare
CW Curtiss-Wright Corporation $16.0B 29.0× 30.6× +9.60% (above 0%: growing) +13.47% (above 0%: growing) +2.47% (above 0%: growing) 39.01% 19.73%
TXT Textron Inc. $14.4B 15.4× 15.3× +4.14% (above 0%: growing) +20.34% (above 0%: growing) +18.32% (above 0%: growing) 17.73% 7.57% Compare
EMBJ Embraer-Empresa Brasileira de Aeronautica $13.2B 30.1× — +22.87% (above 0%: growing) +176.74% (above 0%: growing) +287.11% (above 0%: growing) 19.90% 12.79% Compare
HII Huntington Ingalls Industries, Inc. $11.4B 15.6× 16.6× +10.81% (above 0%: growing) +48.88% (above 0%: growing) +3,169.23% (above 0%: growing) 13.57% 7.69% Compare
BWXT BWX Technologies, Inc. $10.5B 28.3× 29.8× +10.01% (above 0%: growing) +23.53% (above 0%: growing) +58.55% (above 0%: growing) 23.84% 16.59% Compare
MOG.A Moog Inc. $9.8B 25.9× 28.3× +15.16% (above 0%: growing) +153.97% (above 0%: growing) +67.52% (above 0%: growing) 31.10% 14.41% Compare
Median of peers $13.8B 28.3× 29.1× +18.19% +35.71% +63.04% 27.47% 15.50%

All 94 Aerospace & Defense stocks →

From the latest earnings call

Updated

  • Christopher Connor said Defense Electronics orders rose 47.0% year over year in Q2 and that earlier order delays had corrected themselves.
  • Lynn Bamford said Curtiss-Wright was largely secured for its 2026 revenue while supply-chain pressures had increased during the first half.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Guggenheim Oct 8, 2026 Initiated Buy —

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 85.36%
Held by the ten largest 41.06%
Holder Shares Stake Change
BlackRock 4.55m 12.32% +33.39k
Vanguard 3.61m 9.77% +56.83k
State Street 1.70m 4.61% +70.32k
Invesco 1.53m 4.14% +236.39k
MFS Investment Management 817.08k 2.21% +45.57k
Geode Capital Management 741.66k 2.01% −195.88k
VanEck 585.60k 1.59% −68.97k
TD 562.43k 1.52% −153.55k
AQR Capital Management 539.51k 1.46% −55.69k
Franklin Templeton 528.23k 1.43% +41.45k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 26 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 14.14m 26.74m 483.25
2024 11.59m 22.31m 310.45
2023 8.56m 13.01m 194.36
2022 4.46m 7.89m 145.07
2021 4.49m 4.93m 119.86

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 11.20%
The Vanguard Group Inc. 9.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Curtiss-Wright Corporation (CW) Latest News

5 Nov

Impact 3 · · The Motley Fool
Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript

4 Nov

Impact 3 · · Simply Wall St.
Impact 3 · · Business Wire
Impact 3 · · Business Wire

29 Oct

Impact 4 · · Business Wire

28 Oct

Impact 3 · · Zacks

26 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · Zacks
Impact 3 · · StockStory

17 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

16 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

14 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Zacks

13 Oct

Impact 3 · · Zacks

8 Oct

Impact 4 · · Insider Monkey

7 Oct

Impact 4 · · Investing.com
Impact 3 · · StockStory

6 Oct

Impact 3 · · Business Wire

5 Oct

Impact 3 · · Simply Wall St.

2 Oct

Impact 4 · · Zacks

1 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

30 Sep

Impact 3 · · StockStory

28 Sep

Impact 4 · · Insider Monkey

CW metrics, ten years each

stockrow.com/CW · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com