Curtiss-Wright Corporation (CW) vs Embraer-Empresa Brasileira de Aeronautica (EMBJ)

Curtiss-Wright Corporation and Embraer-Empresa Brasileira de Aeronautica are both Aerospace & Defense companies. Curtiss-Wright Corporation is the larger, with a market value of $20.1B against $13.6B — 1.5× the size. Embraer-Empresa Brasileira de Aeronautica trades at the lower P/E: 31.8× against 36.9×. Embraer-Empresa Brasileira de Aeronautica grew revenue faster over the last twelve months: 20.4% against 10.5%. Curtiss-Wright Corporation has the higher net margin (14.8% vs 5.35%) and the higher return on invested capital (13.2% vs 11.8%). Both pay a dividend; Curtiss-Wright Corporation yields more (0.35% vs 0.18%). Across the 23 metrics below, Curtiss-Wright Corporation leads on 12 and Embraer-Empresa Brasileira de Aeronautica on 11.

Valuation

Metric CW EMBJ Aerospace & Defense median
P/E 36.94 31.83 33.00
P/S 5.46 1.69 3.63
P/B 7.20 3.67 3.24
Price to free cash flow 31.40 20.06 34.01
EV/EBITDA 25.34 14.11 18.69
EV/Sales 5.59 1.71 3.94
Earnings yield 2.71% 3.14% 1.31%
Free cash flow yield 3.19% 4.99% 0.00%

Profitability

Metric CW EMBJ Aerospace & Defense median
Gross margin 37.73% 17.89% 25.48%
Operating margin 18.78% 8.93% 4.54%
Net margin 14.81% 5.35% 2.22%
Free cash flow margin 17.38% 8.41% 0.00%
Return on equity 19.75% 11.99% 6.43%
Return on assets 10.16% 3.52% 2.70%
Return on invested capital 13.20% 11.76% 1.56%

Growth

Metric CW EMBJ Aerospace & Defense median
Revenue growth (TTM) 10.54% 20.38% 18.43%
EPS growth (last fiscal year) 21.99% 0.00% —
Revenue growth, 5-year CAGR 7.91% 14.98% 9.62%
Net income growth, 5-year CAGR 19.18% 0.00% 0.00%

Health

Metric CW EMBJ Aerospace & Defense median
Debt to equity 0.35 0.61 0.24
Current ratio 1.60 1.44 2.72
Net debt to EBITDA 0.77 (0.17) 1.12

Dividend

Metric CW EMBJ Aerospace & Defense median
Dividend yield 0.35% 0.18% 1.04%
Payout ratio 0.09 0.00 0.00

Size

Metric CW EMBJ Aerospace & Defense median
Market cap 20.10b 13.60b 2.52b

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