A Business at a Glance
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CURTISS WRIGHT CORP
CW
$28.2B
Mkt Cap
$750.19
+0.02%
CURTISS WRIGHT CORP (CW) has a current P/E ratio of 58.3, compared to its historical median P/E of 23.3. The stock is currently considered Expensive based on its historical valuation range.
CURTISS WRIGHT CORP (CW) has a 5-year average return on invested capital (ROIC) of 12.5%. This indicates solid capital allocation.
CURTISS WRIGHT CORP (CW) has a market capitalization of $27.7B. It is classified as a large-cap stock.
Yes, CURTISS WRIGHT CORP (CW) pays a dividend with a trailing twelve-month yield of 0.12%. The company also returns capital through share buybacks, with a buyback yield of 1.68%.
Based on historical P/E analysis, CURTISS WRIGHT CORP (CW) appears expensive. The current P/E of 58.3 is 151% above its historical median of 23.3. The estimated fair value CAGR (P/E method) is 11.6%.
CURTISS WRIGHT CORP (CW) operates in the Misc Industrial & Commercial Machinery & Equipment industry, within the Industrials sector.
CURTISS WRIGHT CORP (CW) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Curtiss-Wright Corporation is a global integrated business providing highly engineered products, solutions, and services primarily to Aerospace & Defense markets, as well as critical technologies in commercial nuclear power, process, and industrial markets. The company operates through three segments: Aerospace & Industrial (sensors, controls, electro-mechanical actuation components, surface technology services, and industrial vehicle products), Defense Electronics (embedded computing, flight data recorders, and tactical communications), and Naval & Power (nuclear propulsion equipment, aircraft handling systems, and commercial nuclear aftermarket solutions). Curtiss-Wright's competitive positioning is built on decades of engineering expertise, precision manufacturing, and deep customer relationships, with products often deployed in must-not-fail safety-critical applications across defense prime contractors, commercial aerospace OEMs, and energy and manufacturing companies. The company maintains principal manufacturing facilities in the United States (Arizona, California, New York, North Carolina, Ohio, Pennsylvania, South Carolina) and internationally (Canada, Mexico, United Kingdom), competing globally on technology and pricing. The Pivot to Growth strategy focuses on top-line acceleration through organic and inorganic growth, operational excellence driving margin expansion, disciplined capital allocation prioritizing acquisitions and shareholder returns, and sustained investment in research and development to fuel innovation.
【Strong momentum across defense and commercial nuclear】 Management highlighted exceptional first-quarter 2026 performance with 23% diluted EPS growth and a 1.3x book-to-bill ratio, reflecting mid-teens order growth across all three segments and continued strong demand for nuclear propulsion equipment supporting U.S. submarine programs. The company raised full-year 2026 guidance reflecting improved outlooks in defense and commercial nuclear markets, with confidence to exceed Investor Day targets and deliver record operating margin of 19%–19.2%. Management emphasized strategic positioning in aerospace defense, commercial aerospace production ramps, and commercial nuclear aftermarket strength, while noting cautious near-term outlook in general industrial markets with expectations for improvement toward 2027. The company continues to target record free cash flow generation with strong conversion in line with long-term targets, supported by growing order book and backlog providing increased visibility into future top-line growth.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.6B | 3.5B | 3.1B | 2.8B | 2.6B | 2.5B |
| Net Income | 511M | 484M | 405M | 355M | 294M | 263M |
| EPS | $13.76 | $12.87 | $10.55 | $9.20 | $7.62 | $6.47 |
| Free Cash Flow | 591M | 554M | 483M | 403M | 257M | 347M |
| ROIC | 16.0% | 15.6% | 13.1% | 12.6% | 11.0% | 10.5% |
| Gross Margin | 37.2% | 37.2% | 37.0% | 37.5% | 37.3% | 37.1% |
| Debt/Equity | 0.36 | 0.46 | 0.50 | 0.52 | 0.72 | 0.66 |
| Dividends/Share | $0.00 | $0.93 | $0.83 | $0.79 | $0.75 | $0.71 |
| Operating Income | 664M | 634M | 529M | 485M | 423M | 377M |
| Operating Margin | 18.4% | 18.1% | 16.9% | 17.0% | 16.6% | 15.1% |
| ROE | 19.4% | 19.4% | 17.0% | 16.5% | 15.5% | 14.5% |
| Shares Outstanding | 37M | 38M | 38M | 39M | 39M | 41M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.2B | 2.2B | 2.1B | 2.3B | 2.4B | 2.5B | 2.4B | 2.5B | 2.6B | 2.8B | 3.1B | 3.5B | 3.6B |
| Gross Margin | 34.6% | 35.5% | 34.8% | 35.3% | 36.1% | 36.1% | 35.2% | 37.1% | 37.3% | 37.5% | 37.0% | 37.2% | 37.2% |
| R&D | 68M | 61M | 59M | 61M | 65M | 73M | 75M | 88M | 81M | 86M | 92M | 95M | 96M |
| SG&A | 298M | 290M | 266M | 292M | 306M | 301M | 303M | 326M | 324M | 360M | 373M | 400M | 403M |
| EBIT | 282M | 311M | 297M | 325M | 374M | 404M | 289M | 377M | 423M | 485M | 529M | 634M | 664M |
| Op. Margin | 12.6% | 14.1% | 14.1% | 14.3% | 15.5% | 16.2% | 12.1% | 15.1% | 16.6% | 17.0% | 16.9% | 18.1% | 18.4% |
| Net Income | 113M | 145M | 187M | 215M | 276M | 308M | 201M | 263M | 294M | 355M | 405M | 484M | 511M |
| Net Margin | 5.1% | 6.6% | 8.9% | 9.5% | 11.4% | 12.4% | 8.4% | 10.5% | 11.5% | 12.5% | 13.0% | 13.8% | 14.2% |
| Non-Recurring | 2.6M | 42M | 2.1M | -29K | 1.1M | 11M | 41M | 20M | 4.7M | 2.9M | 16M | 4.1M | 4.1M |
| Returns on Capital | |||||||||||||
| ROIC | 7.8% | 9.6% | 9.8% | 10.9% | 12.1% | 14.5% | 8.9% | 10.5% | 11.0% | 12.6% | 13.1% | 15.6% | 16.0% |
| ROE | 7.5% | 10.6% | 14.7% | 15.2% | 18.0% | 18.6% | 11.3% | 14.5% | 15.5% | 16.5% | 17.0% | 19.4% | 19.4% |
| ROA | 3.3% | 4.6% | 6.2% | 6.9% | 8.5% | 8.8% | 5.2% | 6.5% | 6.9% | 7.8% | 8.4% | 9.5% | 9.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 332M | 162M | 423M | 389M | 336M | 421M | 261M | 388M | 295M | 448M | 544M | 643M | 677M |
| Free Cash Flow | 265M | 127M | 376M | 336M | 283M | 352M | 214M | 347M | 257M | 403M | 483M | 554M | 591M |
| Owner Earnings | 204M | 52M | 318M | 277M | 219M | 305M | 131M | 260M | 167M | 315M | 418M | 497M | -227M |
| CapEx | 67M | 36M | 47M | 53M | 53M | 70M | 47M | 41M | 38M | 45M | 61M | 90M | 86M |
| Maint. CapEx | 119M | 101M | 96M | 100M | 103M | 102M | 116M | 114M | 112M | 116M | 108M | 125M | 880M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 119M | 101M | 96M | 100M | 103M | 102M | 116M | 114M | 112M | 116M | 108M | 125M | 880M |
| CapEx/OCF | 20.2% | 21.9% | 11.1% | 13.6% | 15.9% | 16.6% | 18.2% | 10.6% | 13.0% | 10.0% | 11.2% | 13.9% | 12.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 25M | 24M | 23M | 25M | 26M | 28M | 28M | 29M | 29M | 30M | 32M | 35M | 0 |
| Dividend Yield | 0.8% | 0.8% | 0.6% | 0.6% | 0.5% | 0.6% | 0.6% | 0.6% | 0.5% | 0.4% | 0.3% | 0.2% | N/A |
| Share Buybacks | 65M | 294M | 105M | 52M | 199M | 51M | 200M | 343M | 57M | 50M | 250M | 465M | 465M |
| Buyback Yield | 2.0% | 9.4% | 2.4% | 1.0% | 4.6% | 0.9% | 4.2% | 6.2% | 0.9% | 0.6% | 1.8% | 2.2% | 1.7% |
| Stock-Based Comp | 8.5M | 9.5M | 9.5M | 12M | 14M | 14M | 14M | 13M | 15M | 17M | 19M | 22M | 23M |
| Debt Repayment | 80K | 8.4M | 0 | 150M | 50M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 504M | 665M | 412M | 339M | 486M | 542M | 1.0B | 1.0B | 1.2B | 794M | 842M | 797M | 614M |
| Cash & Equiv. | 450M | 289M | 554M | 475M | 276M | 391M | 198M | 171M | 257M | 407M | 385M | 371M | 343M |
| Long-Term Debt | 953M | 952M | 816M | 814M | 762M | 761M | 958M | 1.1B | 1.1B | 1.1B | 959M | 758M | 758M |
| Debt/Equity | 0.65 | 0.76 | 0.75 | 0.53 | 0.50 | 0.53 | 0.68 | 0.66 | 0.72 | 0.52 | 0.50 | 0.46 | 0.36 |
| Interest Coverage | 7.9 | 8.6 | 7.2 | 7.8 | 11.0 | 12.9 | 8.1 | 9.4 | 9.0 | 9.4 | 11.8 | 14.7 | 22890.5 |
| Equity | 1.5B | 1.3B | 1.3B | 1.5B | 1.5B | 1.8B | 1.8B | 1.8B | 2.0B | 2.3B | 2.4B | 2.5B | 2.6B |
| Total Assets | 3.4B | 3.0B | 3.0B | 3.2B | 3.3B | 3.8B | 4.0B | 4.1B | 4.4B | 4.6B | 5.0B | 5.2B | 5.3B |
| Total Liabilities | 1.9B | 1.7B | 1.7B | 1.7B | 1.7B | 2.0B | 2.2B | 2.3B | 2.5B | 2.3B | 2.5B | 2.7B | 2.6B |
| Intangibles | 349M | 311M | 271M | 330M | 430M | 480M | 610M | 538M | 621M | 558M | 597M | 532M | 516M |
| Retained Earnings | 1.5B | 1.6B | 1.8B | 1.9B | 2.2B | 2.5B | 2.7B | 2.9B | 3.2B | 3.5B | 3.9B | 4.3B | 4.4B |
| Working Capital | 999M | 752M | 740M | 811M | 657M | 785M | 490M | 573M | 535M | 911M | 754M | 613M | 712M |
| Current Assets | 1.6B | 1.3B | 1.4B | 1.4B | 1.3B | 1.5B | 1.3B | 1.3B | 1.5B | 1.7B | 1.8B | 2.0B | 2.1B |
| Current Liabilities | 572M | 523M | 675M | 591M | 687M | 745M | 810M | 735M | 981M | 807M | 1.1B | 1.4B | 1.4B |
| Per Share Data | |||||||||||||
| EPS | 2.31 | 3.05 | 4.15 | 4.80 | 6.22 | 7.15 | 4.80 | 6.47 | 7.62 | 9.20 | 10.55 | 12.87 | 13.76 |
| Owner EPS | 4.16 | 1.09 | 7.04 | 6.19 | 4.95 | 7.10 | 3.12 | 6.40 | 4.33 | 8.18 | 10.88 | 13.21 | -6.14 |
| Book Value | 30.13 | 26.32 | 28.60 | 34.13 | 34.53 | 41.25 | 42.61 | 44.96 | 51.29 | 60.43 | 63.82 | 67.34 | 71.23 |
| Cash Flow/Share | 6.76 | 3.41 | 9.38 | 8.68 | 7.59 | 9.80 | 6.22 | 9.54 | 7.63 | 11.63 | 14.18 | 17.10 | 37.65 |
| Dividends/Share | 0.52 | 0.52 | 0.52 | 0.56 | 0.60 | 0.66 | 0.68 | 0.71 | 0.75 | 0.79 | 0.83 | 0.93 | 0.00 |
| Shares Out. | 49.1M | 47.7M | 45.1M | 44.8M | 44.3M | 43.0M | 42.0M | 40.6M | 38.6M | 38.5M | 38.4M | 37.6M | 36.9M |
| Valuation | |||||||||||||
| P/E Ratio | 29.4 | 21.5 | 23.0 | 24.7 | 15.7 | 19.3 | 23.5 | 20.8 | 21.4 | 24.0 | 34.0 | 44.0 | 54.5 |
| P/FCF | 12.6 | 24.6 | 11.5 | 15.8 | 15.3 | 16.9 | 22.2 | 16.1 | 24.5 | 21.1 | 28.5 | 38.5 | 46.9 |
| EV/EBIT | 12.0 | 11.3 | 14.0 | 15.9 | 12.1 | 14.6 | 19.0 | 16.8 | 17.7 | 18.9 | 27.5 | 34.9 | 42.7 |
| Price/Book | 2.3 | 2.5 | 3.3 | 3.5 | 2.8 | 3.3 | 2.6 | 3.0 | 3.2 | 3.6 | 5.6 | 8.4 | 10.5 |
| Price/Sales | 7.1 | 7.7 | 9.1 | 1.9 | 2.2 | 2.1 | 1.8 | 2.0 | 2.2 | 2.5 | 3.5 | 4.8 | 7.7 |
| FCF Yield | 8.0% | 4.1% | 8.7% | 6.3% | 6.5% | 5.9% | 4.5% | 6.2% | 4.1% | 4.7% | 3.5% | 2.6% | 2.1% |
| Market Cap | 3.3B | 3.1B | 4.3B | 5.3B | 4.3B | 5.9B | 4.7B | 5.6B | 6.3B | 8.5B | 13.8B | 21.3B | 27.7B |
| Avg. Price | 62.33 | 66.17 | 79.36 | 96.39 | 121.67 | 118.80 | 103.78 | 120.74 | 146.17 | 185.22 | 287.93 | 445.29 | 750.19 |
| Year-End Price | 67.83 | 65.60 | 95.49 | 118.61 | 97.41 | 137.97 | 112.82 | 137.04 | 162.77 | 220.48 | 358.63 | 566.17 | 750.19 |
CURTISS WRIGHT CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
CURTISS WRIGHT CORP trades at 58.3x trailing earnings, compared to its 15-year median P/E of 23.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 50.0x vs a median of 19.0x. The company's 5-year average ROIC is 12.5% with a gross margin of 37.2%. Total shareholder yield (dividends + buybacks) is 1.8%. At current prices, the estimated annualized return to fair value is +12.5%.
CURTISS WRIGHT CORP (CW) has a net profit margin of 13.8%. This is a healthy margin.
CURTISS WRIGHT CORP (CW) generated $554 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CURTISS WRIGHT CORP (CW) has a debt-to-equity ratio of 0.46. This indicates a conservatively financed balance sheet.
CURTISS WRIGHT CORP (CW) reported earnings per share (EPS) of $12.87 in its most recent fiscal year.
CURTISS WRIGHT CORP (CW) has a return on equity (ROE) of 19.4%. This indicates the company generates strong returns for shareholders.
CURTISS WRIGHT CORP (CW) has a 5-year average gross margin of 37.2%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for CURTISS WRIGHT CORP (CW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CURTISS WRIGHT CORP (CW) has a book value per share of $67.34, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management highlighted exceptional first-quarter 2026 performance with 23% diluted EPS growth and a 1.3x book-to-bill ratio, reflecting mid-teens order growth across all three segments and continued strong demand for nuclear propulsion equipment supporting U.S. submarine programs. The company raised full-year 2026 guidance reflecting improved outlooks in defense and commercial nuclear markets, with confidence to exceed Investor Day targets and deliver record operating margin of 19%–19.2%. Management emphasized strategic positioning in aerospace defense, commercial aerospace production ramps, and commercial nuclear aftermarket strength, while noting cautious near-term outlook in general industrial markets with expectations for improvement toward 2027. The company continues to target record free cash flow generation with strong conversion in line with long-term targets, supported by growing order book and backlog providing increased visibility into future top-line growth.
No recent press releases.