Curtiss-Wright Corporation (CW) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$3.62	$3.72	+2.8%	—	$924M	—
Q1 26	$3.3	$3.48	+5.5%	—	$913.7M	—
Q4 25	$3.69	$3.79	+2.7%	—	$947M	—
Q3 25	$3.29	$3.4	+3.3%	—	$869.2M	—
Q2 25	$3.13	$3.23	+3.2%	—	$876.6M	—
Q1 25	$2.39	$2.82	+18.0%	—	$805.6M	—
Q4 24	$3.09	$3.27	+5.8%	—	$824.3M	—
Q3 24	$2.69	$2.97	+10.4%	—	$798.9M	—
Q2 24	$2.29	$2.67	+16.6%	—	$784.8M	—
Q1 24	$1.72	$1.99	+15.7%	—	$713.2M	—
Q4 23	$2.92	$3.16	+8.2%	—	$785.8M	—
Q3 23	$2.38	$2.54	+6.7%	—	$724.3M	—
Q2 23	$1.96	$2.15	+9.7%	—	$704.4M	—
Q1 23	$1.39	$1.53	+10.1%	—	$630.9M	—
Q4 22	$2.91	$2.92	+0.3%	—	$757.7M	—
Q3 22	$2.02	$2.07	+2.5%	—	$630.5M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$12.9	—	—	$3.5B	—
FY24	—	$10.6	—	—	$3.1B	—
FY23	—	$9.2	—	—	$2.8B	—
FY22	—	$7.67	—	—	$2.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.1B	$2.3B	$2.4B	$2.5B	$2.4B	$2.5B	$2.6B	$2.8B	$3.1B	$3.5B
YoY change	-4.39%	+7.69%	+6.2%	+3.16%	-3.88%	+4.58%	+2.25%	+11.3%	+9.69%	+12.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.1B	2.3B	2.4B	2.5B	2.4B	2.5B	2.6B	2.8B	3.1B	3.5B
Cost of revenue	1.4B	1.5B	1.5B	1.6B	1.6B	1.6B	1.6B	1.8B	2B	2.2B
Gross profit	734.7M	800.8M	871.3M	898.7M	841.2M	927.8M	954.6M	1.1B	1.2B	1.3B
Gross margin	34.8%	35.3%	36.1%	36.1%	35.2%	37.1%	37.3%	37.5%	37%	37.2%
Research & development	59.4M	61.4M	64.5M	72.5M	74.8M	88.5M	80.8M	85.8M	91.6M	95.2M
Selling, general & administrative	378.7M	414.3M	433.1M	422.3M	412.8M	443.1M	445.7M	496.8M	518.9M	568.3M
Operating expenses	438.2M	475.7M	497.6M	494.8M	487.6M	531.6M	526.5M	582.6M	610.5M	663.5M
Operating income	296.5M	325.1M	373.6M	404M	353.6M	396.2M	428.1M	484.6M	543M	638M
Operating margin	14.1%	14.3%	15.5%	16.2%	14.8%	15.8%	16.7%	17%	17.4%	18.2%
Non-operating income, net	12.7M	16M	16.6M	23.9M	-55M	-7M	8.1M	29.9M	23.9M	25.1M
Pretax income	268M	299.6M	356.2M	396.5M	263.1M	349M	389.2M	463.1M	522.1M	—
Income tax	78.6M	84.7M	80.5M	88.9M	61.7M	86.1M	94.8M	108.6M	117.1M	135.8M
Net income	187.3M	214.9M	275.7M	307.6M	201.4M	262.8M	294.3M	354.5M	405M	484.2M
Net margin	8.88%	9.46%	11.4%	12.4%	8.42%	10.5%	11.5%	12.5%	13%	13.8%
EBITDA	405.2M	441.1M	493.2M	530.2M	479.2M	522.7M	552.9M	630.6M	689M	792.5M
EPS	4.22	4.86	6.28	7.2	4.83	6.61	7.67	9.2	10.6	12.9
Diluted EPS	4.15	4.8	6.22	7.15	4.8	6.58	7.62	0.79	10.6	12.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	724.3M	785.8M	713.2M	784.8M	798.9M	824.3M	805.6M	876.6M	869.2M	947M	913.7M	924M
Cost of revenue	442.9M	481.1M	459.4M	500.7M	500.7M	506.9M	513.2M	550.4M	541.7M	591.5M	582.2M	559.9M
Gross profit	281.5M	304.7M	253.8M	284.1M	298.3M	317.4M	292.5M	326.2M	327.5M	355.4M	331.5M	364.1M
Gross margin	38.9%	38.8%	35.6%	36.2%	37.3%	38.5%	36.3%	37.2%	37.7%	37.5%	36.3%	39.4%
Research & development	23.5M	20.1M	23M	22.2M	20.7M	25.8M	23M	23.3M	23.4M	25.4M	24.2M	25.1M
Selling, general & administrative	125.5M	124M	130.8M	130.1M	129.3M	128.6M	139M	145.8M	137M	146.6M	146.9M	159.7M
Operating expenses	148.9M	144M	153.8M	152.3M	150.1M	154.3M	162M	169.1M	160.4M	172M	171.1M	184.9M
Operating income	132.5M	160.7M	100M	131.8M	148.2M	163.1M	130.5M	157M	167.1M	183.5M	160.4M	179.2M
Operating margin	18.3%	20.4%	14%	16.8%	18.5%	19.8%	16.2%	17.9%	19.2%	19.4%	17.6%	19.4%
Non-operating income, net	7M	7.1M	9.6M	5.6M	6.8M	1.8M	4.7M	10.3M	4.6M	5.5M	7.3M	25M
Pretax income	127M	156.8M	99M	126.2M	143.6M	153.2M	125.1M	156.8M	161.2M	177M	157.8M	194.3M
Income tax	30.3M	37M	22.5M	26.8M	32.5M	35.3M	23.8M	35.7M	36.3M	40M	29.6M	43.1M
Net income	96.8M	119.9M	76.5M	99.5M	111.2M	117.9M	101.3M	121.1M	124.8M	137M	128.2M	151.2M
Net margin	13.4%	15.3%	10.7%	12.7%	13.9%	14.3%	12.6%	13.8%	14.4%	14.5%	14%	16.4%
EBITDA	168.4M	197.1M	136.6M	167.5M	185M	199.9M	167.3M	199.3M	203.6M	222.2M	197M	233.1M
EPS	2.53	3.14	2	2.6	2.91	3.11	2.69	3.21	3.34	3.71	3.47	4.09
Diluted EPS	2.51	3.11	1.99	2.58	2.89	3.09	2.68	3.19	3.31	3.69	3.46	4.07

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	4.4B	5.4B	4.5B	6B	4.9B	5.6B	6.4B	8.5B	13.5B	20.6B	19.7B
Enterprise value	4.8B	5.7B	5B	6.6B	5.9B	6.6B	7.6B	9.3B	14.4B	21.4B	20.6B
Shares outstanding	44.4M	44.2M	43.9M	42.7M	41.7M	40.4M	38.4M	38.3M	38.2M	37.4M	37.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.3	25.1	16.3	19.6	24.1	21.3	21.8	24.1	33.4	42.6	36.7
P/S	2.07	2.37	1.86	2.42	2.03	2.24	2.51	3	4.34	5.9	5.39
P/B	3.38	3.52	2.93	3.39	2.72	3.07	3.24	3.66	5.53	8.14	7.11
EV/EBITDA	11.8	13	10.1	12.4	12.2	12.7	13.7	14.8	20.9	27	24.4
EV/Sales	2.27	2.52	2.06	2.64	2.45	2.65	2.96	3.27	4.61	6.12	5.64
Earnings yield	4.29%	3.99%	6.15%	5.11%	4.15%	4.69%	4.59%	4.16%	2.99%	2.35%	2.72%
FCF yield	8.62%	6.24%	6.31%	5.84%	4.4%	6.18%	4%	4.73%	3.57%	2.68%	2.81%
PEG	—	—	—	—	—	—	—	—	—	—	1.34

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	34.8%	35.3%	36.1%	36.1%	35.2%	37.1%	37.3%	37.5%	37%	37.2%	39.4%
Operating margin	14.1%	14.3%	15.5%	16.2%	14.8%	15.8%	16.7%	17%	17.4%	18.2%	19.4%
Net margin	8.88%	9.46%	11.4%	12.4%	8.42%	10.5%	11.5%	12.5%	13%	13.8%	14.8%
ROE	14.5%	14.1%	18%	17.3%	11.3%	14.4%	14.9%	15.2%	16.5%	19.1%	19.7%
ROA	6.17%	6.64%	8.47%	8.17%	5.01%	6.4%	6.62%	7.67%	8.12%	9.27%	8.49%
ROIC	12.3%	12.5%	14.3%	13.5%	9.67%	10.5%	10.3%	11.9%	12.8%	—	15.7%
Return on tangible assets	31.6%	55.9%	125.2%	65.3%	-186.1%	259.4%	251.1%	91.3%	91.9%	62.8%	50.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.1	2.37	1.96	2.05	1.61	1.78	1.55	2.13	1.69	1.44	1.6
Quick ratio	1.55	1.73	1.34	1.48	1.08	1.22	1.05	1.5	1.19	1	1.12
Debt / equity	0.75	0.53	0.5	0.53	0.68	0.65	0.71	0.51	0.5	0.46	0.41
Debt / assets	0.32	0.25	0.23	0.25	0.3	0.29	0.32	0.26	0.25	0.22	0.21
Net debt / EBITDA	1.02	0.77	0.99	1.02	2.11	1.96	2.09	1.25	1.22	1.01	0.78
Interest coverage	7.5	8.22	11.5	13.6	8.4	9.67	9.28	10	12.6	15.4	17.3
Effective tax rate	29.3%	28.3%	22.6%	22.4%	23.4%	24.7%	24.4%	23.4%	22.4%	—	21.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	47.5	51.4	54.9	58.2	57.3	61.9	66.6	74.3	81.8	93.5	98.7
EPS (basic)	4.22	4.86	6.28	7.2	4.83	6.61	7.67	9.2	10.6	12.9	12.9
EPS (diluted)	4.15	4.8	6.22	7.15	4.8	6.58	7.62	0.79	10.6	12.9	14.5
Book value per share	29.1	34.6	34.9	41.5	42.8	45.2	51.6	60.8	64.2	67.7	75
FCF per share	8.48	7.61	6.44	8.23	5.12	8.57	6.68	10.5	12.7	14.8	16.8
Cash per share	12.5	10.8	6.29	9.15	4.75	4.23	6.69	10.6	10.1	9.92	12.9
Capex per share	0.97	1.04	1.01	1.28	1.07	0.92	0.74	0.93	1.51	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.04%	2.02%	1.84%	2.2%	1.86%	1.48%	1.11%	1.25%	1.85%	—	—
Capex / operating cash flow	10.1%	11.1%	12.2%	12.6%	20.4%	10.7%	11.4%	8.08%	10.9%	—	—
Payout ratio	12.3%	11.5%	9.55%	9.17%	14%	10.9%	9.78%	8.53%	7.82%	7.17%	6.74%
Dividend yield	0.53%	0.46%	0.59%	0.47%	0.58%	0.51%	0.45%	0.35%	0.23%	0.17%	0.2%

Yield

0.2%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.26

ex-dividend Sep 25, 2026

Payout ratio

of earnings

Dividend growth

9 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 25, 2026	$0.26
Jun 15, 2026	$0.26
Mar 26, 2026	$0.24

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$724.3M	$785.8M	$713.2M	$784.8M	$798.9M	$824.3M	$805.6M	$876.6M	$869.2M	$947M	$913.7M	$924M
YoY change	+14.9%	+3.71%	+13%	+11.4%	+10.3%	+4.9%	+13%	+11.7%	+8.79%	+14.9%	+13.4%	+5.41%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	553.8M	475.1M	276.1M	391M	198.2M	171M	257M	406.9M	385M	371.3M
Receivables	335.3M	355.7M	382.9M	410.2M	361.5M	362M	412.7M	427.8M	479.8M	526.3M
Inventory	367M	378.9M	423.4M	424.8M	428.9M	411.6M	483.1M	510M	541.4M	615.1M
Total current assets	1.4B	1.4B	1.3B	1.5B	1.3B	1.3B	1.5B	1.7B	1.8B	2B
Property, plant & equipment	173.7M	155.7M	147.9M	317M	292.7M	264.4M	243.8M	220.8M	257.2M	320M
Goodwill & intangibles	2.4B	2.9B	3B	3.3B	4.1B	4B	4.3B	4.2B	4.5B	4.4B
Total assets	3B	3.2B	3.3B	3.8B	4B	4.1B	4.4B	4.6B	5B	5.2B
Accounts payable	177.9M	185.2M	233M	222M	201.2M	211.6M	266.5M	243.8M	247.2M	310.3M
Short-term debt	150.7M	150K	243K	26.8M	127.3M	25.4M	232.4M	30.6M	119.8M	231.7M
Total current liabilities	675.3M	591M	687.3M	744.7M	810.4M	734.9M	981M	806.5M	1.1B	1.4B
Long-term debt	815.6M	814M	762.3M	905.8M	1.1B	1.2B	1.2B	1.2B	1.1B	936.4M
Total liabilities	1.7B	1.7B	1.7B	2B	2.2B	2.3B	2.5B	2.3B	2.5B	2.7B
Shareholders' equity	1.3B	1.5B	1.5B	1.8B	1.8B	1.8B	2B	2.3B	2.4B	2.5B
Total debt	966.3M	814.1M	762.6M	932.5M	1.2B	1.2B	1.4B	1.2B	1.2B	1.2B
Net debt	412.4M	339M	486.5M	541.5M	1B	1B	1.2B	788.3M	841.9M	796.7M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	148.8M	406.9M	338M	382.6M	443.9M	385M	226.5M	331.7M	225.4M	371.3M	343.4M	477.1M
Receivables	465.1M	427.8M	446.7M	475M	510.2M	479.8M	515.7M	549.6M	561.8M	526.3M	551M	552.2M
Inventory	540.2M	510M	553M	559.1M	582.6M	541.4M	578.1M	610.9M	636.9M	615.1M	640.6M	668.7M
Total current assets	1.5B	1.7B	1.7B	1.8B	2B	1.8B	1.8B	2B	1.9B	2B	2.1B	2.2B
Property, plant & equipment	473.7M	220.8M	463.2M	473.9M	486.9M	257.2M	533.6M	552M	549.6M	320M	590.4M	598.9M
Goodwill & intangibles	4.2B	4.2B	4.2B	4.2B	4.2B	4.5B	4.5B	4.5B	4.5B	4.4B	4.4B	4.4B
Total assets	4.4B	4.6B	4.6B	4.7B	4.9B	5B	5B	5.2B	5.1B	5.2B	5.3B	5.5B
Accounts payable	213.7M	243.8M	233.8M	224.8M	222.5M	247.2M	237.7M	261.1M	270.3M	310.3M	277.2M	285.3M
Short-term debt	—	30.6M	90M	90M	90M	119.8M	—	—	—	231.7M	200M	200M
Total current liabilities	775.4M	806.5M	858.3M	896.5M	986.7M	1.1B	953.9M	1B	1.1B	1.4B	1.4B	1.4B
Long-term debt	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	936.4M	948.4M	949M
Total liabilities	2.2B	2.3B	2.2B	2.3B	2.4B	2.5B	2.4B	2.5B	2.6B	2.7B	2.6B	2.7B
Shareholders' equity	2.2B	2.3B	2.4B	2.5B	2.5B	2.4B	2.6B	2.7B	2.5B	2.5B	2.6B	2.8B
Total debt	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B
Net debt	1B	788.3M	824M	790.7M	740.3M	841.9M	893.9M	797.7M	908M	796.7M	804.9M	671.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	187.3M	214.9M	275.7M	307.6M	201.4M	262.8M	294.3M	354.5M	405M	484.2M
Depreciation & amortization	96M	100M	102.9M	102.4M	115.9M	114.4M	112M	116.2M	107.7M	124.8M
Stock-based compensation	9.5M	11.6M	14.1M	13.7M	14.4M	13.4M	15.4M	16.8M	18.9M	21.5M
Change in working capital	129.5M	95.3M	-27.7M	-27.2M	-113.8M	-29M	-145.8M	-51M	4.3M	-76.9M
Operating cash flow	426.1M	415.2M	362.5M	432.5M	218.8M	347.8M	249.2M	439.4M	528.3M	643.4M
Capital expenditure	-43.1M	-45.9M	-44.3M	-54.7M	-44.6M	-37.1M	-28.4M	-35.5M	-57.8M	—
Investing cash flow	-43.5M	-272.3M	-255.5M	-240M	-532.5M	-42.4M	-325.9M	-35.5M	-283.3M	-1.7M
Dividends paid	-23.1M	-24.7M	-26.3M	-28.2M	-28.2M	-28.7M	-28.8M	-30.2M	-31.7M	-34.7M
Share repurchases	-105.2M	-52.1M	-198.6M	-50.7M	-200M	-343.1M	-56.9M	-50.1M	-250M	-464.9M
Financing cash flow	-119M	-228.6M	-648.5M	-117.8M	-499.7M	-740.9M	-1.7B	-922.1M	-282.8M	-590.8M
Net change in cash	263.6M	-85.7M	-541.5M	74.6M	-813.5M	-435.5M	-1.7B	-518.2M	-37.9M	50.9M
Free cash flow	376.4M	336M	282.9M	351.7M	213.7M	346.6M	256.6M	403.4M	483.3M	553.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	96.8M	119.9M	76.5M	99.5M	111.2M	117.9M	101.3M	121.1M	124.8M	137M	128.2M	151.2M
Depreciation & amortization	28.9M	29.3M	27M	27.2M	26.7M	26.8M	30.8M	31.3M	31.2M	31.5M	28.4M	28.4M
Stock-based compensation	4.4M	3.6M	4.7M	4.8M	5.7M	3.7M	5.3M	5.2M	6.1M	4.9M	7.2M	7.1M
Change in working capital	16.1M	69.8M	-116.3M	4M	-2.9M	119.4M	-138.4M	-18.2M	-44.7M	124.4M	-111.1M	-32.8M
Operating cash flow	144.5M	231.9M	-10.8M	130.4M	137.2M	270.1M	-3M	136.6M	192.8M	352.7M	-5.7M	181.2M
Capital expenditure	-9.4M	-3.9M	-12M	-11M	-13.5M	-21.3M	-15.3M	—	—	—	—	—
Investing cash flow	-9.4M	-3.9M	-12M	-44.7M	-13.5M	-213.1M	-24.9M	0	0	0	0	0
Dividends paid	-7.7M	-15.3M	—	—	-8M	-15.9M	—	—	-9M	-17.8M	—	—
Share repurchases	-13M	-12.8M	-12.2M	-12.6M	-112.8M	-112.4M	-14.3M	-20.8M	-290M	-139.8M	-14.5M	-14.7M
Financing cash flow	-270.9M	-80.2M	-17.4M	-12.9M	-121.1M	-128.7M	-104.6M	-21.1M	-288.9M	-168.3M	-14.5M	-14.7M
Net change in cash	-135.9M	147.7M	-40.2M	72.7M	2.6M	-71.6M	-132.5M	115.4M	-96.1M	184.4M	-20.1M	166.4M
Free cash flow	137M	269.7M	-57.7M	100.3M	162.7M	278M	-54.5M	117.2M	175.9M	315.1M	-17.5M	151.7M

Date	Ratio
Apr 24, 2006	2:1
Dec 18, 2003	2:1
Dec 24, 1997	2:1

Curtiss-Wright Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history