Wednesday 4 November 2026 Export CW’s income statement to Excel — free account

Curtiss-Wright Corporation

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

Revenue: +5.41%
EPS: +27.4%
Free cash flow: +37.0%
Total debt: −0.10%

Quarter to June 2026, against a year earlier

451.27 46.49 −9.34%

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Market cap: $18.4B
P/E: 34.0×
Fwd P/E: 30.6×
Dividend yield: 0.20%
F-score: 8/9
Altman Z: 6.97
Beneish M: −2.54
Dividend safety: 89/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Curtiss-Wright Corporation (CW) revenue by segment, product and region

Where the money comes from and where it goes

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 product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Product	2,977 85.10%	2,640 84.58%	2,390 83.99%	2,136 83.53%	2,104 84.15%	2,041 85.35%	2,074 83.34%	1,993 82.64%	1,854 81.65%	1,714 81.29%	—	—	—
Service	521 14.90%	481 15.42%	456 16.01%	421 16.47%	396 15.85%	350 14.65%	414 16.66%	419 17.36%	417 18.35%	395 18.71%	—	—	—
Also reported: a second breakdown of the same revenue
Controls	—	—	—	—	—	—	—	1,091 45.22%	1,075 47.35%	940 44.58%	948 42.97%	954 42.52%	874 41.24%
Flow Control	—	—	—	—	—	—	—	1,008 41.80%	900 39.62%	884 41.90%	950 43.06%	960 42.79%	941 44.42%
Surface Technologies	—	—	—	—	—	—	—	313 12.97%	296 13.04%	285 13.52%	308 13.98%	330 14.69%	304 14.34%
Revenue	3,498	3,121	2,845	2,557	2,501	2,391	2,488	2,412	2,271	2,109	2,206	2,243	2,118

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Product	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Naval & Power	1,503 42.98%	1,279 40.97%	1,143 40.16%	1,031 40.32%	990 39.60%	977 40.86%	1,002 40.26%	—	—	—	—	—	—	—	—
Defense Electronics	1,022 29.21%	914 29.30%	819 28.77%	694 27.13%	728 29.10%	610 25.53%	525 21.12%	—	—	—	—	—	—	—	—
Aerospace & Industrial	977 27.93%	933 29.90%	890 31.27%	839 32.81%	789 31.55%	807 33.75%	964 38.73%	—	—	—	—	—	—	—	—
Commercial Industrial	—	—	—	—	—	—	—	1,113 46.15%	1,164 51.23%	1,120 53.12%	1,189 53.91%	1,233 54.95%	1,080 50.98%	679 37.26%	—
Power	—	—	—	—	—	—	—	697 28.92%	554 24.40%	525 24.89%	545 24.71%	527 23.50%	563 26.60%	—	—
Defense	—	—	—	—	—	—	—	604 25.03%	558 24.57%	470 22.28%	480 21.74%	492 21.94%	482 22.75%	770 42.25%	—
Intersegment Eliminations	—	—	—	—	—	—	—	—	(4) (0.20%)	(6) (0.29%)	(8) (0.36%)	(9) (0.39%)	(7) (0.33%)	(8) (0.44%)	(6) (0.31%)
Energy	—	—	—	—	—	—	—	—	—	—	—	—	—	382 20.93%	—
Flow Control	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,061 52.60%
Controls	—	—	—	—	—	—	—	—	—	—	—	—	—	—	714 35.42%
Surface Technologies	—	—	—	—	—	—	—	—	—	—	—	—	—	—	248 12.30%
Revenue	3,498	3,121	2,845	2,557	2,501	2,391	2,488	2,412	2,271	2,109	2,206	2,243	2,118	1,823	2,017

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Defense Electronics	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Naval & Power	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Aerospace & Industrial	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial Industrial	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Defense	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Power	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating segments [member]	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Energy	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Flow Control	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Controls	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Surface Technologies	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
United States of America	2,548 72.84%	2,287 73.28%	2,061 72.43%	1,879 73.48%	1,852 74.05%	1,758 73.53%	1,710 68.75%	1,624 67.31%	1,562 68.79%	1,472 69.81%	1,502 68.11%	1,521 67.81%	1,444 68.18%	1,277 70.01%	1,409 69.88%	1,302 70.21%	1,283 70.91%
Other foreign countries	753 21.51%	699 22.40%	669 23.52%	575 22.49%	556 22.22%	542 22.68%	657 26.42%	662 27.44%	590 26.00%	522 24.75%	568 25.74%	577 25.72%	539 25.46%	349 19.13%	387 19.18%	378 20.39%	358 19.80%
United Kingdom	197 5.65%	135 4.31%	115 4.04%	103 4.03%	93 3.73%	91 3.79%	120 4.84%	126 5.24%	118 5.21%	115 5.44%	136 6.15%	145 6.47%	135 6.36%	136 7.46%	139 6.89%	115 6.22%	105 5.78%
California	—	—	—	—	—	—	—	—	—	—	—	—	—	62 3.40%	81 4.04%	59 3.17%	64 3.52%
Revenue	3,498	3,121	2,845	2,557	2,501	2,391	2,488	2,412	2,271	2,109	2,206	2,243	2,118	1,823	2,017	1,855	1,810

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Backlog	Q2 FY2026	$4.5B	—	—
Book-to-bill	Q2 FY2026	1.2×	—	—
New orders	Q2 FY2026	$1.1B	—	—
Remaining performance obligations	Q2 FY2026	$4.5B	$3.9B	+15.38%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.