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

Curtiss-Wright Corporation and Woodward, Inc. are both Aerospace & Defense companies. Woodward, Inc. is the larger, with a market value of $18.1B against $16.0B — 1.1× the size. Curtiss-Wright Corporation trades at the lower P/E: 29.0× against 33.2×. Woodward, Inc. grew revenue faster over the last twelve months: 22.4% against 10.7%. Curtiss-Wright Corporation has the higher net margin (14.9% vs 13.2%) and the higher return on invested capital (13.7% vs 12.3%). Both pay a dividend; Woodward, Inc. yields more (0.40% vs 0.23%). Across the 23 metrics below, Curtiss-Wright Corporation leads on 17 and Woodward, Inc. on 6.

Valuation

Metric CW WWD Aerospace & Defense median
P/E 28.98 33.22 28.48
P/S 4.28 4.36 2.95
P/B 6.26 7.38 2.68
Price to free cash flow 25.72 48.51 31.70
EV/EBITDA 20.24 24.66 16.85
EV/Sales 4.47 4.56 2.74
Earnings yield 3.45% 3.01% 0.89%
Free cash flow yield 3.89% 2.06% 0.00%

Profitability

Metric CW WWD Aerospace & Defense median
Gross margin 38.07% 29.47% 26.41%
Operating margin 18.94% 15.64% 3.69%
Net margin 14.86% 13.17% 2.74%
Free cash flow margin 18.96% 8.98% 0.00%
Return on equity 21.82% 22.34% 4.44%
Return on assets 10.60% 11.14% 1.90%
Return on invested capital 13.67% 12.27% 0.26%

Growth

Metric CW WWD Aerospace & Defense median
Revenue growth (TTM) 10.71% 22.35% 18.03%
EPS growth (last fiscal year) 21.99% 19.63% 24.80%
Revenue growth, 5-year CAGR 7.91% 7.41% 9.73%
Net income growth, 5-year CAGR 19.18% 12.96% 0.00%

Health

Metric CW WWD Aerospace & Defense median
Debt to equity 0.37 0.54 0.20
Current ratio 1.42 1.65 2.85
Net debt to EBITDA 0.77 0.63 1.29

Dividend

Metric CW WWD Aerospace & Defense median
Dividend yield 0.23% 0.40% 0.91%
Payout ratio 0.07 0.14 0.30

Size

Metric CW WWD Aerospace & Defense median
Market cap 16.02b 18.12b 1.78b

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