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%
Market cap
$18.5B
P/E
34.4×
Fwd P/E
48.5×
Dividend yield
0.20%
F-score
8/9
Altman Z
6.97
Beneish M
−2.54
Dividend safety
89/100

Insider Decisions trades per month

Total buys 0.15
Total sells 30.11
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — 1 — —
Sell 4 1 2 7 9 — 1 4 — 2 — —
Insider Ownership 0.46%

Capital & Financial Ratios $m

Market Cap 18,520.00
Revenue 3,653.85
Net Income 541.18
Free Cash Flow 635.19
Net Debt 480.24
Current Ratio 1.60 (at or above 1.5: strong)
Debt/Equity 0.35 (at or below 0.5: strong)
P/E ratio 34.38
Fwd P/E 48.50 (above 35: high)
P/S ratio 5.08
P/B ratio 6.70 (above 6: high)
Past 5Y EPS Growth 21.81% (at or above 15%: strong)
This Y EPS Growth 15.81% (at or above 15%: strong)
Next Y EPS Growth 11.96%
Next Y revenue growth 8.62%
Next 5Y EPS Growth 13.49%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 85.81%
10-year low 10-year high
P/S against its own 10 years 87.21%
10-year low 10-year high
P/B against its own 10 years 88.35%
10-year low 10-year high
EV/Sales against its own 10 years 87.17%
10-year low 10-year high
EV/FCF against its own 10 years 80.28%
10-year low 10-year high

Dividends

Payout Ratio 0.07
Annual Dividend Rate 1.00
Annual Dividend Yield 0.20%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.03
0.24
0.26
0.26
2025 0.93
0.21
0.24
0.24
0.24
2024 0.83
0.20
0.21
0.21
0.21
2023 0.79
0.19
0.20
0.20
0.20
2022 0.75
0.18
0.19
0.19
0.19
2021 0.71
0.17
0.18
0.18
0.18
2020 0.68
0.17
0.17
0.17
0.17
2019 0.66
0.15
0.17
0.17
0.17
2018 0.60
0.15
0.15
0.15
0.15
2017 0.56
0.13
0.13
0.15
0.15
2016 0.52
0.13
0.13
0.13
0.13
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 407 385 371 477
Receivables 733 835 932 997
Inventory 510 541 615 669
Other 68 88 100 94
1,717 1,850 2,018 2,237
2023 2024 2025 Q'26
Payables 244 247 310 285
ST’ Debt — 90 200 200
Other 71 80 91 101
807 1,096 1,406 1,397

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%

Revenue $m

Mar Jun Sep Dec Year
’26 914 924 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 3.46 4.07 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 62.57 82.77 95.23 98.99 70.56 103.55 124.37 156.76 212.05 266.88

Analyst estimates 2026–2028

Powerpack
High 107.61 125.00 143.38 144.82 149.90 139.98 182.55 224.74 393.40 612.28
People
People Employees 8,000 8,600 9,000 9,100 8,200 7,800 8,100 8,600 8,800 9,100
Revenue/emp, $m 0.26 0.26 0.27 0.27 0.29 0.32 0.32 0.33 0.35 0.38
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
Gross margin, % 34.84 35.26 36.12 36.12 35.18 37.10 37.33 37.51 36.96 37.20
EBT 268 300 356 396 263 349 389 463 522 620
EBT margin, % 12.71 13.19 14.77 15.94 11.00 13.95 15.22 16.27 16.73 17.72
Net income 187 215 276 308 201 263 294 355 405 484
Depreciation 96 100 103 102 116 114 112 116 108 125
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
Earnings 4.22 4.86 6.28 7.20 4.83 6.61 7.67 9.26 10.61 12.94
Cash flow 9.53 8.80 7.66 9.86 6.26 9.59 7.68 11.70 14.27 17.20
Capex (0.97) (1.04) (1.01) (1.28) (1.07) (0.92) (0.74) (0.93) (1.51) (2.36)
Free cash flow 8.56 7.76 6.65 8.58 5.19 8.67 6.94 10.78 12.75 14.83
Book value 29.09 34.58 34.88 41.52 42.83 45.19 51.61 60.82 64.21 67.71
Shares, m 44 44 44 43 42 40 38 38 38 37
Valuation, ×
Valuation, × P/E 23.28 25.14 16.24 19.60 24.04 20.98 21.52 24.01 33.42 42.57
P/S 2.07 2.39 1.86 2.42 2.03 2.24 2.48 2.99 4.34 5.90
P/B 3.39 3.55 2.93 3.39 2.72 3.07 3.20 3.66 5.53 8.14
EV/Sales 2.27 2.54 2.06 2.58 2.39 2.60 2.87 3.29 4.55 6.06
EV/FCF 12.59 16.77 17.11 17.51 26.41 18.58 27.54 22.69 29.20 38.23
Cash, $m
Cash, $m Operating cash flow 423 389 336 421 261 388 295 448 544 643
Capex (43) (46) (44) (55) (45) (37) (28) (36) (58) (88)
Free cash flow 380 343 292 367 217 351 266 413 487 555
Balance, $m
Balance, $m Working capital 740 811 657 785 490 573 535 911 754 613
Total debt 966 814 763 789 1,058 1,077 1,254 1,050 1,049 958
Net debt 412 339 486 398 860 906 997 643 664 587
Shareholders’ equity 1,291 1,528 1,531 1,774 1,788 1,826 1,981 2,328 2,450 2,534
Returns, %
Returns, % ROA 6.22 6.85 8.50 8.76 5.17 6.47 6.88 7.82 8.43 9.49
ROIC 10.88 10.88 11.58 11.62 6.82 8.63 8.88 10.19 10.61 12.69
ROE 14.71 15.25 18.03 18.61 11.31 14.54 15.46 16.45 16.95 19.43
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
RKLB Rocket Lab Corporation $33.1B — (loss-making) — (loss-making) +61.99% (above 0%: growing) n/m −99.66% (below 0%: shrinking) 36.13% (24.57%) Compare
WWD Woodward, Inc. $19.7B 35.5× 38.5× +21.22% (above 0%: growing) +35.71% (above 0%: growing) −12.15% (below 0%: shrinking) 31.53% 16.66% Compare
CW Curtiss-Wright Corporation $18.5B 34.4× 48.5× +5.41% (above 0%: growing) +27.41% (above 0%: growing) +37.04% (above 0%: growing) 39.40% 19.34%
FTAI FTAI Aviation Ltd. $17.3B 35.3× 33.8× +40.94% (above 0%: growing) −27.22% (below 0%: shrinking) −349.55% (below 0%: shrinking) 33.29% 20.44% Compare
TXT Textron Inc. $12.9B 14.3× 16.3× +2.99% (above 0%: growing) +5.19% (above 0%: growing) −40.57% (below 0%: shrinking) 18.13% 6.98% Compare
EMBJ Embraer-Empresa Brasileira de Aeronautica $12.8B 29.3× — +22.87% (above 0%: growing) +176.74% (above 0%: growing) +287.11% (above 0%: growing) 19.90% 12.79% Compare
BWXT BWX Technologies, Inc. $12.6B 35.3× 42.0× +18.01% (above 0%: growing) +12.79% (above 0%: growing) −8.98% (below 0%: shrinking) 22.44% 15.37% Compare
MOG.A Moog Inc. $11.6B 31.0× 36.7× +15.16% (above 0%: growing) +153.97% (above 0%: growing) +67.52% (above 0%: growing) 31.10% 14.41% Compare
HII Huntington Ingalls Industries, Inc. $10.5B 16.2× 16.8× +10.90% (above 0%: growing) +36.53% (above 0%: growing) −120.66% (below 0%: shrinking) 12.61% 6.76% Compare
Median of peers $12.9B 31.0× 35.3× +19.62% +35.71% −26.36% 26.77% 13.60%

All 82 Aerospace & Defense stocks →

Curtiss-Wright Corporation (CW) key facts

  • Strength: Curtiss-Wright Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, up 12.1% from fiscal 2024.
  • Strength: Net income was $484.2 million, or $12.94 per share (basic), a net margin of 13.8%.
  • Curtiss-Wright Corporation (CW) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, CW traded at $502.32, a market capitalization of $18.5 billion.
  • At that price the stock trades at 34.4× trailing-twelve-month earnings and 5.1× sales; its P/E is higher than 86% of its own readings over the past ten years.
  • Curtiss-Wright Corporation pays an annual dividend of $1.00 per share, a yield of 0.20%, with a payout ratio of 6.88%.
  • Return on equity was 19.4% and debt-to-equity 0.35.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 6.97 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Curtiss-Wright Corporation (CW) Latest News

12 Aug

9 May

stockrow.com/CW · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com