Curtiss-Wright Corporation (CW) vs Woodward, Inc. (WWD)

Curtiss-Wright Corporation and Woodward, Inc. are both Aerospace & Defense companies. Curtiss-Wright Corporation and Woodward, Inc. are of similar size ($20.1B and $19.2B). Woodward, Inc. trades at the lower P/E: 35.7× against 36.9×. Woodward, Inc. grew revenue faster over the last twelve months: 22.4% against 10.5%. Curtiss-Wright Corporation has the higher net margin (14.8% vs 13.2%) and the higher return on invested capital (13.2% vs 12.3%). Both pay a dividend; Woodward, Inc. yields more (0.69% vs 0.35%). Across the 23 metrics below, Curtiss-Wright Corporation leads on 13 and Woodward, Inc. on 10.

Valuation

Metric CW WWD Aerospace & Defense median
P/E 36.94 35.71 33.00
P/S 5.46 4.68 3.63
P/B 7.20 7.94 3.24
Price to free cash flow 31.40 52.15 34.01
EV/EBITDA 25.34 26.42 18.69
EV/Sales 5.59 4.89 3.94
Earnings yield 2.71% 2.80% 1.31%
Free cash flow yield 3.19% 1.92% 0.00%

Profitability

Metric CW WWD Aerospace & Defense median
Gross margin 37.73% 29.47% 25.48%
Operating margin 18.78% 15.64% 4.54%
Net margin 14.81% 13.17% 2.22%
Free cash flow margin 17.38% 8.98% 0.00%
Return on equity 19.75% 22.34% 6.43%
Return on assets 10.16% 11.14% 2.70%
Return on invested capital 13.20% 12.27% 1.56%

Growth

Metric CW WWD Aerospace & Defense median
Revenue growth (TTM) 10.54% 22.35% 18.43%
EPS growth (last fiscal year) 21.99% 19.63% —
Revenue growth, 5-year CAGR 7.91% 7.41% 9.62%
Net income growth, 5-year CAGR 19.18% 12.96% 0.00%

Health

Metric CW WWD Aerospace & Defense median
Debt to equity 0.35 0.54 0.24
Current ratio 1.60 1.65 2.72
Net debt to EBITDA 0.77 0.63 1.12

Dividend

Metric CW WWD Aerospace & Defense median
Dividend yield 0.35% 0.69% 1.04%
Payout ratio 0.09 0.25 0.00

Size

Metric CW WWD Aerospace & Defense median
Market cap 20.10b 19.24b 2.52b

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