Saturday 17 October 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. In the quarter to June 2026, revenue grew 5.41%, EPS grew 27.4%, free cash flow grew 37.0% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
502.32
0.83
+0.17%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
42.57 | 33.42 | 24.01 | 21.52 | 20.98 | 24.04 | 19.60 | 16.24 | 25.14 | 23.28 |
Piotroski F-Score |
8 | 7 | 9 | 7 | 8 | 4 | 7 | 8 | 9 | 7 |
P/S ratio |
5.90 | 4.34 | 2.99 | 2.48 | 2.24 | 2.03 | 2.42 | 1.86 | 2.39 | 2.07 |
Altman Z-Score |
6.97 | 5.44 | 4.49 | 3.59 | 3.55 | 3.21 | 4.01 | 3.86 | 4.07 | 3.62 |
Altman Z″-Score (non-manufacturers) |
5.27 | 5.24 | 5.52 | 4.59 | 4.69 | 4.29 | 5.19 | 5.22 | 5.22 | 4.91 |
P/FCF ratio |
37.18 | 27.84 | 20.64 | 23.79 | 15.99 | 22.44 | 16.43 | 15.43 | 15.78 | 11.50 |
Beneish M-Score |
(2.54) | (2.47) | (2.54) | (2.40) | (2.56) | (2.57) | (2.50) | (2.39) | (2.60) | (3.02) |
P/Operating CF |
58.48 | 44.94 | 30.15 | 21.67 | 24.17 | 18.87 | 22.95 | 18.89 | 23.94 | 28.03 |
Dividend Safety Score |
89 | — | — | — | — | — | — | — | — | — |
P/B ratio |
8.14 | 5.53 | 3.66 | 3.20 | 3.07 | 2.72 | 3.39 | 2.93 | 3.55 | 3.39 |
Price to Tangible BV |
66.82 | 76.39 | 40.16 | 0.00 | 0.00 | 0.00 | 47.12 | 340.03 | 53.25 | 63.66 |
EV/Sales |
6.06 | 4.55 | 3.29 | 2.87 | 2.60 | 2.39 | 2.58 | 2.06 | 2.54 | 2.27 |
EV/EBITDA |
27.97 | 22.32 | 15.58 | 13.69 | 13.25 | 14.12 | 12.68 | 10.43 | 13.55 | 12.19 |
EV/Operating CF |
32.97 | 26.10 | 20.89 | 24.88 | 16.79 | 21.89 | 15.23 | 14.78 | 14.82 | 11.31 |
EV/FCF |
38.23 | 29.20 | 22.69 | 27.54 | 18.58 | 26.41 | 17.51 | 17.11 | 16.77 | 12.59 |
Quick Ratio |
0.93 | 1.11 | 1.41 | 1.00 | 1.11 | 0.97 | 1.37 | 1.27 | 1.64 | 1.51 |
Current Ratio |
1.44 | 1.69 | 2.13 | 1.55 | 1.78 | 1.61 | 2.05 | 1.96 | 2.37 | 2.10 |
Net Debt/EBITDA |
0.77 | 1.04 | 1.07 | 1.86 | 1.84 | 2.12 | 0.79 | 1.02 | 0.80 | 1.05 |
Debt/Assets |
18.35% | 21.04% | 22.73% | 28.20% | 26.24% | 26.32% | 20.95% | 23.42% | 25.16% | 31.81% |
Debt/Equity |
0.38 | 0.43 | 0.45 | 0.63 | 0.59 | 0.59 | 0.44 | 0.50 | 0.53 | 0.75 |
Asset Turnover |
0.69 | 0.65 | 0.63 | 0.60 | 0.62 | 0.61 | 0.71 | 0.74 | 0.72 | 0.70 |
Operating CF/Net income |
1.33 | 1.34 | 1.26 | 1.00 | 1.48 | 1.30 | 1.37 | 1.22 | 1.81 | 2.26 |
Capex/Depreciation |
(0.71) | (0.54) | (0.31) | (0.25) | (0.32) | (0.38) | (0.53) | (0.43) | (0.46) | (0.45) |
Interest Coverage |
14.68 | 11.78 | 9.43 | 9.01 | 9.37 | 8.13 | 12.89 | 10.99 | 7.84 | 7.19 |
| 19.43% | 16.95% | 16.45% | 15.46% | 14.54% | 11.31% | 18.61% | 18.03% | 15.25% | 14.71% | |
| 9.49% | 8.43% | 7.82% | 6.88% | 6.47% | 5.17% | 8.76% | 8.50% | 6.85% | 6.22% | |
ROIC |
12.69% | 10.61% | 10.19% | 8.88% | 8.63% | 6.82% | 11.62% | 11.58% | 10.88% | 10.88% |
Return on Tangible Assets |
48.66% | 37.06% | 28.51% | 33.54% | 28.17% | 23.18% | 26.27% | 26.74% | 17.89% | 16.60% |
Average Days of Receivables |
97.28 | 97.65 | 93.99 | 103.25 | 94.45 | 89.86 | 92.75 | 89.86 | 79.54 | 80.14 |
Research and Development Expense of Revenue |
2.72% | 2.94% | 3.01% | 3.16% | 3.54% | 3.13% | 2.91% | 2.68% | 2.70% | 2.82% |
Selling, General and Administrative Expense of Revenue |
16.25% | 16.62% | 17.46% | 17.43% | 17.72% | 17.26% | 16.97% | 17.96% | 18.24% | 17.96% |
Intangible Assets out of Total Assets |
0.43 | 0.46 | 0.46 | 0.49 | 0.49 | 0.51 | 0.44 | 0.47 | 0.44 | 0.40 |
Share Based Compensation of Revenue |
0.62% | 0.61% | 0.59% | 0.60% | 0.54% | 0.60% | 0.55% | 0.58% | 0.51% | 0.45% |
Graham Net Nets |
(0.03) | (0.05) | (0.07) | (0.15) | (0.17) | (0.19) | (0.08) | (0.08) | (0.06) | (0.08) |
Graham Number |
140.46 | 123.87 | 112.57 | 94.38 | 81.98 | 68.29 | 81.95 | 70.26 | 61.62 | 52.62 |
Earnings Yield |
2.35% | 2.99% | 4.16% | 4.65% | 4.77% | 4.16% | 5.10% | 6.16% | 3.98% | 4.29% |
Free Cash Flow Yield |
2.69% | 3.59% | 4.84% | 4.20% | 6.25% | 4.46% | 6.09% | 6.48% | 6.34% | 8.69% |
Revenue per Share |
93.50 | 81.81 | 74.32 | 66.61 | 61.87 | 57.29 | 58.21 | 54.95 | 51.40 | 47.51 |
Operating CF per Share |
17.20 | 14.27 | 11.70 | 7.68 | 9.59 | 6.26 | 9.86 | 7.66 | 8.80 | 9.53 |
Capex per Share |
(2.36) | (1.51) | (0.93) | (0.74) | (0.92) | (1.07) | (1.28) | (1.01) | (1.04) | (0.97) |
Free Cash Flow per Share |
14.83 | 12.75 | 10.78 | 6.94 | 8.67 | 5.19 | 8.58 | 6.65 | 7.76 | 8.56 |
Cash per Share |
9.92 | 10.09 | 10.63 | 6.69 | 4.23 | 4.75 | 9.15 | 6.29 | 10.75 | 12.48 |
Shareholders Equity per Share |
67.71 | 64.21 | 60.82 | 51.61 | 45.19 | 42.83 | 41.52 | 34.88 | 34.58 | 29.09 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
67.71 | 64.21 | 60.82 | 51.61 | 45.19 | 42.83 | 41.52 | 34.88 | 34.58 | 29.09 |
Free Cash Flow |
554.98 | 486.51 | 412.57 | 266.40 | 350.61 | 216.61 | 366.75 | 291.97 | 342.78 | 380.10 |
Working Capital |
612.91 | 753.65 | 910.54 | 534.97 | 572.94 | 490.45 | 785.06 | 656.64 | 810.86 | 739.55 |
Capital Expenditures |
(88.42) | (57.77) | (35.52) | (28.38) | (37.06) | (44.57) | (54.66) | (44.30) | (45.94) | (43.10) |
Net Current Asset Value |
(669.24) | (686.31) | (575.48) | (951.07) | (969.25) | (932.94) | (460.10) | (380.64) | (306.66) | (331.78) |
EV/EBIT |
33.48 | 26.87 | 19.31 | 17.32 | 17.26 | 19.79 | 15.89 | 13.30 | 17.72 | 16.14 |
Capex to Sales |
0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
32.56 | 25.61 | 17.57 | 14.96 | 14.86 | 16.81 | 14.91 | 12.00 | 16.67 | 14.74 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.33 | 0.32 | 0.35 | 0.33 | 0.32 | 0.31 | 0.27 | 0.27 | 0.26 | 0.25 |
Cash ROIC |
14.37% | 12.53% | 10.90% | 7.63% | 11.41% | 7.12% | 12.42% | 11.36% | 12.17% | 13.52% |
Accounts Receivable Turnover |
3.96 | 3.98 | 3.91 | 3.73 | 4.05 | 3.92 | 4.06 | 4.43 | 4.74 | 4.10 |
Accounts Payable Turnover |
7.88 | 8.01 | 6.97 | 6.70 | 7.62 | 7.33 | 6.99 | 7.37 | 8.10 | 8.06 |
Inventory Turnover |
3.80 | 3.74 | 3.58 | 3.58 | 3.74 | 3.63 | 3.75 | 3.84 | 3.94 | 3.68 |
Average Days of Payables |
51.56 | 45.85 | 50.05 | 60.71 | 49.11 | 47.38 | 50.99 | 55.20 | 45.97 | 47.25 |
Days of Inventory on Hand |
102.20 | 100.44 | 104.69 | 110.04 | 95.50 | 100.99 | 97.57 | 100.32 | 94.06 | 97.47 |
Average Receivables |
883.69 | 783.86 | 727.99 | 685.23 | 617.93 | 610.46 | 612.97 | 544.34 | 478.99 | 514.68 |
Average Payables |
278.74 | 245.51 | 255.18 | 239.08 | 206.44 | 211.62 | 227.49 | 209.08 | 181.54 | 170.60 |
Average Inventory |
578.27 | 525.74 | 496.57 | 447.34 | 420.22 | 426.86 | 424.13 | 401.15 | 372.92 | 373.28 |
Average Assets |
5,103.50 | 4,803.34 | 4,534.64 | 4,275.92 | 4,062.44 | 3,892.80 | 3,509.82 | 3,245.85 | 3,137.05 | 3,013.70 |
Average Common Equity |
2,491.69 | 2,389.11 | 2,154.81 | 1,903.85 | 1,807.03 | 1,780.97 | 1,652.58 | 1,529.29 | 1,409.50 | 1,273.31 |
Columns are period end dates