Curtiss-Wright (CW) Financials

$447.29 +18.84 (+4.40%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$445.67 -1.62 (-0.36%)

As of 05:23 AM Eastern

Annual Income Statements for Curtiss-Wright

This table shows Curtiss-Wright's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	405	355	294	263	201	308	276	215	187	145
Consolidated Net Income / (Loss)	405	355	294	263	201	308	276	215	187	145
Net Income / (Loss) Continuing Operations	405	355	294	263	201	308	276	215	189	192
Total Pre-Tax Income	522	463	389	349	263	396	356	300	268	275
Total Operating Income	529	485	423	377	289	404	374	325	297	311
Total Gross Profit	1,154	1,067	955	928	841	899	871	801	2,109	783
Total Revenue	3,121	2,845	2,557	2,501	2,391	2,488	2,412	2,271	2,109	2,206
Operating Revenue	3,121	2,845	2,557	2,501	2,391	2,488	2,412	2,271	2,109	2,206
Total Cost of Revenue	1,968	1,778	1,602	1,573	1,550	1,589	1,541	1,470	0.00	1,422
Operating Cost of Revenue	1,968	1,778	1,602	1,573	1,550	1,589	1,541	1,470	-	1,422
Total Operating Expenses	625	583	527	551	552	495	498	476	1,812	473
Selling, General & Admin Expense	519	497	446	443	413	422	433	414	379	412
Research & Development Expense	92	86	81	88	75	73	65	61	59	61
Restructuring Charge	14	0.00	0.00	-	32	0.00	0.00	-	-	-
Total Other Income / (Expense), net	-6.54	-22	-39	-28	-26	-7.49	-17	-26	-29	-35
Interest Expense	45	51	47	40	36	31	34	41	41	36
Other Income / (Expense), net	38	30	8.08	12	9.75	24	17	16	13	0.62
Income Tax Expense	117	109	95	86	62	89	80	85	79	83
Basic Earnings per Share	$10.61	$9.26	$7.67	$6.50	$4.83	$7.20	$6.28	$4.86	$4.22	$3.12
Weighted Average Basic Shares Outstanding	38.15M	38.28M	38.39M	40.42M	41.74M	42.74M	43.89M	44.18M	44.39M	46.62M
Diluted Earnings per Share	$10.55	$9.20	$7.62	$6.47	$4.80	$7.15	$6.22	$4.80	$4.15	$3.05
Weighted Average Diluted Shares Outstanding	38.37M	38.53M	38.65M	40.60M	42.00M	43.02M	44.32M	44.76M	45.05M	47.62M
Weighted Average Basic & Diluted Shares Outstanding	37.66M	38.21M	38.27M	38.44M	40.94M	42.71M	43.90M	44.20M	44.40M	46.60M
Cash Dividends to Common per Share	$0.83	$0.79	$0.75	$0.71	$0.68	$0.66	$0.60	$0.56	$0.52	$0.52

This table shows Curtiss-Wright's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	101	118	111	99	76	120	97	81	57	109	74
Consolidated Net Income / (Loss)	101	118	111	99	76	120	97	81	57	109	74
Net Income / (Loss) Continuing Operations	101	118	111	99	76	120	97	81	57	109	74
Total Pre-Tax Income	125	153	144	126	99	157	127	106	73	145	97
Total Operating Income	129	155	145	129	100	161	133	113	79	157	108
Total Gross Profit	292	317	298	284	254	305	281	260	221	292	232
Total Revenue	806	824	799	785	713	786	724	704	631	758	631
Operating Revenue	806	824	799	785	713	786	724	704	631	758	631
Total Cost of Revenue	513	507	501	501	459	481	443	445	409	465	398
Operating Cost of Revenue	513	507	501	501	459	481	443	445	409	465	398
Total Operating Expenses	163	163	153	155	154	144	149	147	143	131	125
Selling, General & Admin Expense	139	129	129	130	131	124	125	127	121	116	107
Research & Development Expense	23	26	21	22	23	20	23	20	22	19	17
Restructuring Charge	1.29	-	3.28	2.92	-	-	0.00	0.00	-	-	-
Total Other Income / (Expense), net	-4.11	-1.64	-1.28	-2.66	-0.96	-3.84	-5.47	-7.04	-5.18	-17	-10
Interest Expense	10	12	11	11	11	11	12	15	13	14	14
Other Income / (Expense), net	6.03	10	10	8.56	9.61	7.12	7.02	7.95	7.77	-3.22	3.75
Income Tax Expense	24	35	32	27	23	37	30	25	17	36	24
Basic Earnings per Share	$2.69	$3.10	$2.91	$2.60	$2.00	$3.14	$2.53	$2.11	$1.48	$2.85	$1.92
Weighted Average Basic Shares Outstanding	37.68M	38.15M	38.21M	38.30M	38.25M	38.28M	38.29M	38.33M	38.30M	38.39M	38.37M
Diluted Earnings per Share	$2.68	$3.09	$2.89	$2.58	$1.99	$3.11	$2.51	$2.10	$1.48	$2.83	$1.91
Weighted Average Diluted Shares Outstanding	37.85M	38.37M	38.45M	38.50M	38.43M	38.53M	38.56M	38.56M	38.52M	38.65M	38.65M
Weighted Average Basic & Diluted Shares Outstanding	37.69M	37.66M	37.95M	38.30M	38.30M	38.21M	38.24M	38.31M	38.34M	38.27M	-
Cash Dividends to Common per Share	$0.21	$0.21	$0.21	$0.21	$0.20	$0.20	$0.20	$0.20	$0.19	$0.19	$0.19

This table details how cash moves in and out of Curtiss-Wright's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-22	150	86	-27	-193	115	-199	-79	265	-161
Net Cash From Operating Activities	544	448	295	388	261	421	336	389	423	162
Net Cash From Continuing Operating Activities	544	450	295	388	261	421	336	389	423	162
Net Income / (Loss) Continuing Operations	405	355	294	263	201	308	276	215	187	145
Consolidated Net Income / (Loss)	405	355	294	263	201	308	276	215	187	145
Depreciation Expense	108	116	112	114	116	102	103	100	96	101
Non-Cash Adjustments To Reconcile Net Income	23	17	15	32	72	2.62	0.12	11	6.56	66
Changes in Operating Assets and Liabilities, net	8.48	-37	-127	-22	-129	8.79	-43	64	133	-150
Net Cash From Investing Activities	-283	-36	-326	-42	-533	-240	-256	-272	-43	-16
Net Cash From Continuing Investing Activities	-283	-36	-326	-42	-533	-240	-256	-272	-43	-16
Purchase of Property, Plant & Equipment	-61	-45	-38	-41	-47	-70	-53	-53	-47	-36
Acquisitions	-226	0.00	-282	0.00	-488	-185	-210	-233	-0.86	-14
Purchase of Investments	0.00	0.00	-10	0.00	0.00	-	-	-	-	-
Sale of Property, Plant & Equipment	3.21	9.15	9.84	4.05	2.93	15	9.12	6.77	3.67	2.28
Other Investing Activities, net	0.00	0.00	-5.06	-5.34	-0.02	-0.17	-1.05	6.24	-	-
Net Cash From Financing Activities	-271	-273	129	-369	82	-68	-264	-214	-96	-289
Net Cash From Continuing Financing Activities	-271	-273	129	-369	82	-68	-264	-214	-96	-289
Repayment of Debt	-22	-842	-1,793	-463	-572	-39	-424	-159	-9.07	-79
Repurchase of Common Equity	-250	-50	-57	-343	-200	-51	-199	-52	-105	-294
Payment of Dividends	-32	-30	-29	-29	-28	-28	-26	-25	-23	-24
Issuance of Debt	21	638	1,998	456	871	38	373	7.66	7.84	70
Issuance of Common Equity	11	11	10.00	9.71	11	12	12	14	22	29
Effect of Exchange Rate Changes	-11	11	-12	-3.38	-3.52	1.75	-16	19	-19	-19

This table details how cash moves in and out of Curtiss-Wright's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-159	-59	61	45	-69	258	-9.93	28	-126	143	-58
Net Cash From Operating Activities	-39	301	177	111	-46	282	146	111	-92	292	96
Net Cash From Continuing Operating Activities	-39	301	177	111	-46	285	146	111	-92	292	96
Net Income / (Loss) Continuing Operations	101	118	111	99	76	120	97	81	57	109	74
Consolidated Net Income / (Loss)	101	118	111	99	76	120	97	81	57	109	74
Depreciation Expense	31	27	27	27	27	29	29	29	29	29	30
Non-Cash Adjustments To Reconcile Net Income	5.78	4.89	7.32	6.23	4.72	3.46	4.50	3.60	5.27	2.93	3.21
Changes in Operating Assets and Liabilities, net	-177	152	32	-22	-154	132	16	-2.70	-183	152	-11
Net Cash From Investing Activities	-25	-213	-14	-45	-12	-3.95	-9.38	-12	-10	-44	-264
Net Cash From Continuing Investing Activities	-25	-213	-14	-45	-12	-3.95	-9.38	-12	-10	-44	-264
Purchase of Property, Plant & Equipment	-16	-23	-15	-11	-12	-13	-9.37	-12	-11	-9.43	-9.30
Acquisitions	-9.62	-192	-	-	-	-	-	-	-	-30	-247
Sale of Property, Plant & Equipment	0.50	2.00	1.07	0.09	0.04	8.68	-0.01	0.25	0.22	0.73	2.79
Net Cash From Financing Activities	-99	-129	-115	-21	-7.01	-28	-141	-73	-32	-115	127
Net Cash From Continuing Financing Activities	-99	-129	-115	-21	-7.01	-28	-141	-73	-32	-115	127
Repayment of Debt	-168	-5.00	-8.02	-4.31	-5.17	-52	-230	-70	-490	-754	-544
Repurchase of Common Equity	-14	-112	-113	-13	-12	-13	-13	-12	-12	-12	-13
Issuance of Debt	78	4.69	7.72	4.01	4.88	52	105	16	465	665	679
Other Financing Activities, net	5.98	-	5.87	-	5.47	-	5.36	-	5.23	-	4.71
Effect of Exchange Rate Changes	3.65	-18	13	-1.52	-4.18	7.99	-6.33	1.62	7.45	10	-16

This table presents Curtiss-Wright's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,986	4,621	4,448	4,104	4,021	3,764	3,255	3,236	3,038	2,990
Total Current Assets	1,850	1,717	1,516	1,308	1,301	1,530	1,344	1,402	1,415	1,275
Cash & Equivalents	385	407	257	171	198	391	276	475	554	289
Accounts Receivable	835	733	723	647	589	632	594	495	463	566
Inventories, net	541	510	483	412	429	425	423	379	367	380
Other Current Assets	88	68	53	78	85	82	51	53	31	40
Plant, Property, & Equipment, net	339	333	343	360	378	386	375	390	389	414
Total Noncurrent Assets	2,797	2,571	2,590	2,436	2,342	1,849	1,537	1,444	1,234	1,301
Goodwill	1,676	1,559	1,545	1,463	1,455	1,167	1,088	1,096	951	973
Intangible Assets	597	558	621	538	610	480	430	330	271	311
Employee Benefit Assets	299	262	223	256	93	0.00	-	-	-	-
Other Noncurrent Operating Assets	225	193	201	178	185	202	19	18	12	18
Total Liabilities & Shareholders' Equity	4,986	4,621	4,448	4,104	4,021	3,764	3,255	3,236	3,038	2,990
Total Liabilities	2,536	2,293	2,467	2,277	2,234	1,990	1,725	1,709	1,747	1,734
Total Current Liabilities	1,096	807	981	735	810	745	687	591	675	523
Short-Term Debt	90	0.00	203	0.00	100	0.00	0.24	0.15	151	1.26
Accounts Payable	247	244	267	212	201	222	233	185	178	163
Accrued Expenses	219	188	174	148	140	165	167	150	130	132
Current Deferred Revenue	459	304	255	260	253	276	237	215	170	182
Other Current Liabilities	80	71	83	103	99	74	45	36	28	37
Total Noncurrent Liabilities	1,440	1,486	1,486	1,542	1,423	1,245	1,037	1,118	1,071	1,211
Long-Term Debt	959	1,050	1,052	1,051	958	761	762	814	816	952
Noncurrent Deferred & Payable Income Tax Liabilities	141	132	123	147	115	80	47	49	50	54
Noncurrent Employee Benefit Liabilities	67	67	58	91	98	139	101	121	107	104
Other Noncurrent Operating Liabilities	273	236	240	112	103	106	111	119	85	87
Commitments & Contingencies	0.00	0.00	0.00	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	2,450	2,328	1,981	1,826	1,788	1,774	1,531	1,528	1,291	1,255
Total Preferred & Common Equity	2,450	2,328	1,981	1,826	1,788	1,774	1,531	1,528	1,291	1,255
Total Common Equity	2,450	2,328	1,981	1,826	1,788	1,774	1,531	1,528	1,291	1,255
Common Stock	197	189	184	176	172	165	167	170	179	194
Retained Earnings	3,861	3,488	3,163	2,909	2,670	2,497	2,191	1,944	1,755	1,591
Treasury Stock	-1,365	-1,135	-1,107	-1,068	-744	-563	-540	-369	-351	-303
Accumulated Other Comprehensive Income / (Loss)	-243	-213	-259	-190	-311	-325	-288	-217	-292	-226

This table presents Curtiss-Wright's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023
Total Assets	4,952	4,886	4,748	4,612	4,414	4,441	4,362
Total Current Assets	1,800	1,952	1,836	1,737	1,545	1,524	1,446
Cash & Equivalents	226	444	383	338	149	159	131
Accounts Receivable	911	858	817	777	790	752	720
Inventories, net	578	583	559	553	540	546	528
Other Current Assets	84	68	77	69	66	68	67
Plant, Property, & Equipment, net	350	330	327	329	335	341	340
Total Noncurrent Assets	2,802	2,603	2,585	2,546	2,534	2,577	2,576
Goodwill	1,674	1,583	1,571	1,552	1,547	1,556	1,549
Intangible Assets	583	532	545	542	572	590	605
Employee Benefit Assets	306	279	273	267	236	233	228
Other Noncurrent Operating Assets	239	208	196	184	179	198	194
Total Liabilities & Shareholders' Equity	4,952	4,886	4,748	4,612	4,414	4,441	4,362
Total Liabilities	2,393	2,395	2,290	2,232	2,229	2,303	2,308
Total Current Liabilities	954	987	897	858	775	721	672
Short-Term Debt	0.00	90	90	90	0.00	0.00	0.00
Accounts Payable	238	223	225	234	214	234	208
Accrued Expenses	181	194	159	158	189	144	154
Current Deferred Revenue	448	392	342	298	293	265	234
Other Current Liabilities	87	87	82	79	81	78	76
Total Noncurrent Liabilities	1,439	1,409	1,393	1,374	1,453	1,582	1,636
Long-Term Debt	959	959	960	960	1,051	1,176	1,230
Noncurrent Deferred & Payable Income Tax Liabilities	139	124	128	128	117	118	123
Noncurrent Employee Benefit Liabilities	68	68	68	67	58	58	58
Other Noncurrent Operating Liabilities	272	242	224	205	214	216	212
Total Equity & Noncontrolling Interests	2,559	2,490	2,458	2,380	2,185	2,138	2,054
Total Preferred & Common Equity	2,559	2,490	2,458	2,380	2,185	2,138	2,054
Total Common Equity	2,559	2,490	2,458	2,380	2,185	2,138	2,054
Common Stock	194	194	185	182	186	180	176
Retained Earnings	3,954	3,751	3,648	3,557	3,376	3,297	3,224
Treasury Stock	-1,365	-1,251	-1,141	-1,130	-1,123	-1,114	-1,101
Accumulated Other Comprehensive Income / (Loss)	-224	-203	-233	-228	-253	-225	-244

This table displays calculated financial ratios and metrics derived from Curtiss-Wright's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.69%	11.28%	2.25%	4.58%	-3.88%	3.16%	6.20%	7.69%	-4.39%	-1.67%
EBITDA Growth	6.97%	16.02%	7.94%	21.49%	-21.83%	7.51%	11.81%	8.85%	-1.66%	2.58%
EBIT Growth	10.20%	19.22%	10.88%	30.34%	-30.20%	9.63%	14.40%	10.31%	-0.65%	10.08%
NOPAT Growth	10.53%	15.84%	12.74%	28.45%	-29.44%	8.36%	24.03%	11.27%	-3.42%	11.66%
Net Income Growth	14.24%	20.44%	11.99%	30.51%	-34.52%	11.54%	28.32%	14.71%	28.78%	28.34%
EPS Growth	14.67%	20.73%	17.77%	34.79%	-32.87%	14.95%	29.58%	15.66%	36.07%	32.03%
Operating Cash Flow Growth	21.47%	52.01%	-23.96%	48.43%	-38.02%	25.32%	-13.49%	-8.15%	160.46%	-51.03%
Free Cash Flow Firm Growth	-28.98%	101.44%	-18.11%	181.61%	-775.07%	-70.05%	98.21%	-83.56%	153.83%	-74.62%
Invested Capital Growth	4.77%	-0.23%	4.66%	1.97%	21.92%	13.48%	8.06%	9.58%	-11.27%	2.63%
Revenue Q/Q Growth	1.25%	1.00%	0.00%	-0.27%	0.53%	0.29%	1.55%	2.08%	-1.09%	0.74%
EBITDA Q/Q Growth	-0.80%	2.37%	0.00%	4.26%	-9.14%	2.38%	1.13%	0.99%	-0.70%	7.73%
EBIT Q/Q Growth	-0.52%	2.75%	0.00%	6.45%	-13.71%	3.06%	1.27%	0.81%	-0.67%	11.93%
NOPAT Q/Q Growth	-0.90%	1.24%	0.00%	6.70%	-12.29%	1.56%	5.18%	0.85%	-3.27%	13.26%
Net Income Q/Q Growth	-0.50%	3.16%	0.00%	7.46%	-14.96%	2.18%	5.79%	-0.40%	-0.65%	57.49%
EPS Q/Q Growth	-0.19%	3.14%	0.00%	8.92%	-13.98%	2.88%	6.32%	-0.21%	0.97%	59.69%
Operating Cash Flow Q/Q Growth	3.60%	-2.19%	0.00%	-6.17%	-1.88%	6.33%	3.35%	22.12%	-2.57%	-6.57%
Free Cash Flow Firm Q/Q Growth	-33.76%	113.88%	-93.15%	696.40%	-1,813.45%	-87.52%	49.31%	169.99%	-4.61%	-27.94%
Invested Capital Q/Q Growth	0.58%	-3.73%	0.00%	4.02%	14.79%	5.75%	-7.85%	-6.99%	-5.45%	-5.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.96%	37.51%	37.33%	37.10%	35.18%	36.12%	36.12%	35.26%	100.00%	35.51%
EBITDA Margin	21.61%	22.16%	21.26%	20.14%	17.33%	21.31%	20.45%	19.42%	19.21%	18.68%
Operating Margin	16.94%	17.03%	16.56%	15.08%	12.08%	16.24%	15.49%	14.32%	14.06%	14.08%
EBIT Margin	18.16%	18.08%	16.88%	15.56%	12.49%	17.20%	16.18%	15.02%	14.66%	14.11%
Profit (Net Income) Margin	12.98%	12.46%	11.51%	10.51%	8.42%	12.36%	11.43%	9.46%	8.88%	6.59%
Tax Burden Percent	77.57%	76.56%	75.63%	75.32%	76.56%	77.58%	77.41%	71.72%	69.91%	52.86%
Interest Burden Percent	92.09%	90.01%	90.19%	89.66%	88.10%	92.67%	91.29%	87.84%	86.66%	88.42%
Effective Tax Rate	22.43%	23.44%	24.37%	24.68%	23.44%	22.42%	22.59%	28.28%	29.32%	30.14%
Return on Invested Capital (ROIC)	13.48%	12.47%	11.00%	10.08%	8.71%	14.55%	14.89%	13.06%	11.57%	11.45%
ROIC Less NNEP Spread (ROIC-NNEP)	12.70%	10.46%	8.43%	7.98%	6.10%	13.39%	11.63%	8.19%	7.44%	-2.09%
Return on Net Nonoperating Assets (RNNOA)	3.47%	3.98%	4.46%	4.47%	2.60%	4.06%	3.14%	2.18%	3.15%	-0.81%
Return on Equity (ROE)	16.95%	16.45%	15.46%	14.54%	11.31%	18.61%	18.03%	15.25%	14.71%	10.64%
Cash Return on Invested Capital (CROIC)	8.82%	12.70%	6.44%	8.12%	-11.05%	1.93%	7.14%	3.92%	23.50%	8.85%
Operating Return on Assets (OROA)	11.80%	11.35%	10.09%	9.58%	7.67%	12.19%	12.02%	10.87%	10.26%	9.74%
Return on Assets (ROA)	8.43%	7.82%	6.88%	6.47%	5.17%	8.76%	8.50%	6.85%	6.22%	4.55%
Return on Common Equity (ROCE)	16.95%	16.45%	15.46%	14.54%	11.31%	18.61%	18.03%	15.25%	14.71%	10.64%
Return on Equity Simple (ROE_SIMPLE)	16.53%	15.23%	14.86%	14.39%	11.27%	17.33%	18.01%	14.07%	14.51%	11.59%
Net Operating Profit after Tax (NOPAT)	410	371	320	284	221	313	289	233	210	217
NOPAT Margin	13.14%	13.04%	12.52%	11.36%	9.25%	12.60%	11.99%	10.27%	9.94%	9.84%
Net Nonoperating Expense Percent (NNEP)	0.78%	2.01%	2.57%	2.10%	2.60%	1.16%	3.26%	4.87%	4.13%	13.54%
Return On Investment Capital (ROIC_SIMPLE)	11.72%	10.98%	9.90%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	63.04%	62.49%	62.67%	62.90%	64.82%	63.88%	63.88%	64.74%	0.00%	64.49%
SG&A Expenses to Revenue	16.62%	17.46%	17.43%	17.72%	17.26%	16.97%	17.96%	18.24%	17.96%	18.67%
R&D to Revenue	2.94%	3.01%	3.16%	3.54%	3.13%	2.91%	2.68%	2.70%	2.82%	2.76%
Operating Expenses to Revenue	20.02%	20.47%	20.59%	22.02%	23.10%	19.89%	20.63%	20.94%	85.94%	21.43%
Earnings before Interest and Taxes (EBIT)	567	514	432	389	299	428	390	341	309	311
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	675	631	544	504	414	530	493	441	405	412
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.50	3.65	3.21	2.95	2.66	3.31	2.84	3.40	3.24	2.38
Price to Tangible Book Value (P/TBV)	75.98	40.08	0.00	0.00	0.00	45.97	329.57	51.07	60.91	0.00
Price to Revenue (P/Rev)	4.31	2.99	2.49	2.15	1.99	2.36	1.80	2.29	1.98	1.36
Price to Earnings (P/E)	33.25	23.97	21.63	20.48	23.58	19.10	15.75	24.19	22.33	20.58
Dividend Yield	0.23%	0.36%	0.45%	0.52%	0.59%	0.48%	0.60%	0.48%	0.55%	0.79%
Earnings Yield	3.01%	4.17%	4.62%	4.88%	4.24%	5.24%	6.35%	4.13%	4.48%	4.86%
Enterprise Value to Invested Capital (EV/IC)	4.54	3.08	2.47	2.25	2.06	2.79	2.39	2.97	2.70	1.91
Enterprise Value to Revenue (EV/Rev)	4.53	3.21	2.88	2.56	2.40	2.57	2.00	2.44	2.18	1.66
Enterprise Value to EBITDA (EV/EBITDA)	20.95	14.49	13.55	12.69	13.86	12.05	9.80	12.55	11.34	8.88
Enterprise Value to EBIT (EV/EBIT)	24.93	17.77	17.07	16.42	19.23	14.93	12.38	16.24	14.86	11.75
Enterprise Value to NOPAT (EV/NOPAT)	34.46	24.64	23.00	22.49	25.97	20.39	16.70	23.75	21.93	16.86
Enterprise Value to Operating Cash Flow (EV/OCF)	25.96	20.40	24.98	16.48	21.99	15.16	14.37	14.25	10.86	22.51
Enterprise Value to Free Cash Flow (EV/FCFF)	52.68	24.20	39.27	27.91	0.00	153.72	34.82	79.11	10.79	21.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.45	0.63	0.64	0.67	0.51	0.50	0.53	0.75	0.76
Long-Term Debt to Equity	0.39	0.45	0.53	0.64	0.61	0.51	0.50	0.53	0.63	0.76
Financial Leverage	0.27	0.38	0.53	0.56	0.43	0.30	0.27	0.27	0.42	0.39
Leverage Ratio	2.01	2.10	2.25	2.25	2.19	2.12	2.12	2.23	2.37	2.34
Compound Leverage Factor	1.85	1.89	2.03	2.02	1.93	1.97	1.94	1.96	2.05	2.07
Debt to Total Capital	29.98%	31.09%	38.77%	39.20%	39.99%	33.80%	33.25%	34.76%	42.80%	43.16%
Short-Term Debt to Total Capital	2.57%	0.00%	6.26%	0.00%	3.36%	0.00%	0.01%	0.01%	6.67%	0.06%
Long-Term Debt to Total Capital	27.41%	31.09%	32.51%	39.20%	36.64%	33.80%	33.24%	34.76%	36.13%	43.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.02%	68.91%	61.23%	60.80%	60.01%	66.20%	66.75%	65.24%	57.20%	56.84%
Debt to EBITDA	1.55	1.67	2.31	2.34	2.87	1.71	1.55	1.85	2.38	2.31
Net Debt to EBITDA	0.98	1.02	1.84	2.00	2.40	0.97	0.99	0.77	1.02	1.61
Long-Term Debt to EBITDA	1.42	1.67	1.94	2.34	2.63	1.71	1.55	1.85	2.01	2.31
Debt to NOPAT	2.56	2.83	3.92	4.15	5.39	2.89	2.64	3.49	4.61	4.39
Net Debt to NOPAT	1.62	1.73	3.11	3.54	4.49	1.64	1.68	1.45	1.97	3.06
Long-Term Debt to NOPAT	2.34	2.83	3.28	4.15	4.94	2.89	2.64	3.49	3.89	4.39
Altman Z-Score	5.45	4.50	3.58	3.50	3.19	3.99	3.83	4.02	3.57	3.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.69	2.13	1.55	1.78	1.61	2.05	1.96	2.37	2.10	2.44
Quick Ratio	1.11	1.41	1.00	1.11	0.97	1.37	1.27	1.64	1.51	1.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	268	378	188	229	-281	42	139	70	426	168
Operating Cash Flow to CapEx	942.17%	1,261.55%	1,038.82%	1,045.97%	586.01%	770.97%	759.08%	846.20%	981.85%	488.88%
Free Cash Flow to Firm to Interest Expense	5.98	7.35	3.99	5.69	-7.89	1.33	4.08	1.69	10.32	4.66
Operating Cash Flow to Interest Expense	12.13	8.72	6.27	9.63	7.35	13.44	9.90	9.37	10.26	4.51
Operating Cash Flow Less CapEx to Interest Expense	10.84	8.03	5.67	8.71	6.09	11.70	8.59	8.27	9.21	3.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.63	0.60	0.62	0.61	0.71	0.74	0.72	0.70	0.69
Accounts Receivable Turnover	3.98	3.91	3.73	4.05	3.92	4.06	4.43	4.74	4.10	4.15
Inventory Turnover	3.74	3.58	3.58	3.74	3.63	3.75	3.84	3.94	0.00	3.70
Fixed Asset Turnover	9.29	8.42	7.28	6.78	6.26	6.55	6.31	5.83	5.26	5.06
Accounts Payable Turnover	8.01	6.97	6.70	7.62	7.33	6.99	7.37	8.10	0.00	9.02
Days Sales Outstanding (DSO)	91.67	93.39	97.81	90.19	93.18	89.93	82.38	76.98	89.08	87.85
Days Inventory Outstanding (DIO)	97.53	101.93	101.90	97.51	100.51	97.41	95.04	92.58	0.00	98.57
Days Payable Outstanding (DPO)	45.54	52.38	54.46	47.90	49.83	52.25	49.54	45.07	0.00	40.49
Cash Conversion Cycle (CCC)	143.65	142.94	145.25	139.80	143.86	135.09	127.88	124.49	89.08	145.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,114	2,972	2,979	2,846	2,791	2,289	2,017	1,867	1,704	1,920
Invested Capital Turnover	1.03	0.96	0.88	0.89	0.94	1.16	1.24	1.27	1.16	1.16
Increase / (Decrease) in Invested Capital	142	-6.73	133	55	502	272	150	163	-216	49
Enterprise Value (EV)	14,131	9,139	7,364	6,390	5,743	6,389	4,831	5,538	4,595	3,658
Market Capitalization	13,467	8,496	6,367	5,383	4,750	5,874	4,344	5,199	4,183	2,993
Book Value per Share	$64.56	$60.89	$51.61	$46.55	$43.07	$41.56	$34.96	$34.62	$29.19	$27.46
Tangible Book Value per Share	$4.67	$5.54	($4.80)	($4.45)	($6.68)	$2.99	$0.30	$2.31	$1.55	($0.61)
Total Capital	3,499	3,379	3,236	3,004	2,979	2,680	2,293	2,342	2,257	2,209
Total Debt	1,049	1,050	1,254	1,178	1,191	906	763	814	966	953
Total Long-Term Debt	959	1,050	1,052	1,178	1,091	906	762	814	816	952
Net Debt	664	643	997	1,007	993	515	486	339	412	665
Capital Expenditures (CapEx)	58	36	28	37	45	55	44	46	43	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	459	504	480	402	392	394	381	336	336	464
Debt-free Net Working Capital (DFNWC)	844	911	737	573	590	785	657	811	890	753
Net Working Capital (NWC)	754	911	535	573	490	785	657	811	740	752
Net Nonoperating Expense (NNE)	5.07	16	26	21	20	5.81	13	18	22	72
Net Nonoperating Obligations (NNO)	664	643	997	1,019	1,003	515	486	339	412	665
Total Depreciation and Amortization (D&A)	108	116	112	114	116	102	103	100	96	101
Debt-free, Cash-free Net Working Capital to Revenue	14.69%	17.70%	18.79%	16.07%	16.40%	15.84%	15.79%	14.79%	15.95%	21.05%
Debt-free Net Working Capital to Revenue	27.03%	32.00%	28.84%	22.91%	24.69%	31.55%	27.24%	35.71%	42.21%	34.14%
Net Working Capital to Revenue	24.15%	32.00%	20.92%	22.91%	20.51%	31.55%	27.23%	35.70%	35.07%	34.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$10.61	$9.26	$7.67	$6.61	$4.83	$7.20	$6.28	$4.86	$4.22	$3.12
Adjusted Weighted Average Basic Shares Outstanding	38.15M	38.28M	38.39M	40.42M	41.74M	42.74M	43.89M	44.18M	44.39M	46.62M
Adjusted Diluted Earnings per Share	$10.55	$9.20	$7.62	$6.58	$4.80	$7.15	$6.22	$4.80	$4.15	$3.05
Adjusted Weighted Average Diluted Shares Outstanding	38.37M	38.53M	38.65M	40.60M	42.00M	43.02M	44.32M	44.76M	45.05M	47.62M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$7.20	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.66M	38.21M	38.27M	38.44M	40.94M	42.71M	42.79M	44.15M	44.53M	44.53M
Normalized Net Operating Profit after Tax (NOPAT)	421	371	320	298	271	313	289	233	210	217
Normalized NOPAT Margin	13.50%	13.04%	12.52%	11.93%	11.32%	12.60%	11.99%	10.27%	9.94%	9.84%
Pre Tax Income Margin	16.73%	16.27%	15.22%	13.95%	11.00%	15.94%	14.77%	13.19%	12.71%	12.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.64	10.01	9.19	9.67	8.40	13.65	11.48	8.22	7.50	8.64
NOPAT to Interest Expense	9.14	7.22	6.82	7.06	6.22	10.00	8.51	5.62	5.08	6.02
EBIT Less CapEx to Interest Expense	11.35	9.32	8.58	8.75	7.15	11.90	10.18	7.12	6.45	7.71
NOPAT Less CapEx to Interest Expense	7.85	6.53	6.21	6.14	4.97	8.25	7.21	4.52	4.04	5.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.82%	8.53%	9.78%	10.90%	13.99%	9.17%	9.55%	11.51%	12.31%	16.58%
Augmented Payout Ratio	69.55%	22.68%	29.10%	141.46%	113.31%	25.64%	81.57%	35.77%	68.50%	218.79%

This table displays calculated financial ratios and metrics derived from Curtiss-Wright's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.97%	4.90%	10.30%	11.41%	13.05%	3.71%	14.87%	15.60%	12.76%	0.00%	0.00%
EBITDA Growth	21.61%	-2.77%	7.91%	9.91%	18.42%	8.00%	19.26%	16.16%	26.89%	0.00%	8.69%
EBIT Growth	23.42%	-1.75%	11.10%	13.86%	26.84%	8.95%	25.34%	17.60%	36.02%	0.00%	9.90%
NOPAT Growth	35.51%	-3.02%	11.10%	17.56%	26.93%	3.90%	23.80%	15.39%	33.42%	0.00%	9.40%
Net Income Growth	32.48%	-1.70%	14.86%	22.81%	34.57%	9.96%	31.19%	14.29%	39.72%	0.00%	0.00%
EPS Growth	34.67%	-0.64%	15.14%	22.86%	34.46%	9.89%	31.41%	14.75%	40.95%	0.00%	0.00%
Operating Cash Flow Growth	15.05%	6.70%	21.12%	0.35%	50.18%	-3.43%	53.01%	257.40%	26.32%	0.00%	-10.84%
Free Cash Flow Firm Growth	-168.37%	-117.51%	103.46%	180.32%	166.04%	992.35%	-205.98%	-151.52%	-164.12%	73.64%	1,324.58%
Invested Capital Growth	6.44%	4.77%	0.29%	-0.95%	-1.93%	-0.23%	0.00%	8.62%	9.37%	4.66%	-100.00%
Revenue Q/Q Growth	-2.26%	3.18%	1.80%	10.04%	-9.24%	8.49%	2.83%	11.66%	-16.74%	20.16%	3.48%
EBITDA Q/Q Growth	-13.37%	5.49%	10.39%	20.56%	-30.74%	17.07%	12.44%	29.89%	-36.83%	29.27%	9.51%
EBIT Q/Q Growth	-17.97%	6.35%	12.78%	25.45%	-34.71%	20.26%	15.58%	39.76%	-43.92%	38.35%	8.44%
NOPAT Q/Q Growth	-12.13%	6.21%	10.43%	31.49%	-37.11%	21.67%	16.85%	41.96%	-48.52%	44.99%	8.91%
Net Income Q/Q Growth	-14.01%	6.02%	11.75%	30.04%	-36.19%	23.88%	19.48%	42.49%	-47.86%	47.79%	4.09%
EPS Q/Q Growth	-13.27%	6.92%	12.02%	29.65%	-36.01%	23.90%	19.52%	41.89%	-47.70%	48.17%	4.37%
Operating Cash Flow Q/Q Growth	-112.87%	69.96%	59.23%	343.98%	-116.16%	92.92%	31.92%	221.13%	-131.33%	205.66%	208.14%
Free Cash Flow Firm Q/Q Growth	-316.57%	-121.95%	-21.50%	-4.74%	6.67%	104.34%	-1,721.90%	21.69%	-1,341.49%	-100.52%	4,423.73%
Invested Capital Q/Q Growth	5.70%	0.58%	-0.95%	1.08%	4.05%	-3.73%	-2.17%	0.08%	5.86%	0.00%	-100.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.30%	38.51%	37.33%	36.20%	35.58%	38.78%	38.86%	36.85%	35.10%	38.60%	36.83%
EBITDA Margin	20.61%	23.25%	22.75%	20.98%	19.15%	25.09%	23.25%	21.26%	18.28%	24.09%	22.39%
Operating Margin	16.04%	18.78%	18.14%	16.42%	14.02%	20.45%	18.30%	16.01%	12.46%	20.75%	17.06%
EBIT Margin	16.79%	20.00%	19.40%	17.52%	15.36%	21.36%	19.27%	17.14%	13.69%	20.33%	17.66%
Profit (Net Income) Margin	12.58%	14.30%	13.91%	12.67%	10.73%	15.26%	13.36%	11.50%	9.01%	14.39%	11.70%
Tax Burden Percent	81.01%	76.93%	77.40%	78.79%	77.27%	76.43%	76.18%	76.60%	77.41%	75.18%	75.79%
Interest Burden Percent	92.50%	92.92%	92.64%	91.84%	90.35%	93.47%	91.05%	87.58%	85.02%	94.15%	87.43%
Effective Tax Rate	18.99%	23.07%	22.60%	21.21%	22.73%	23.57%	23.82%	23.40%	22.59%	24.82%	24.21%
Return on Invested Capital (ROIC)	13.08%	14.82%	14.00%	12.40%	10.15%	14.95%	25.44%	11.02%	8.40%	13.70%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	12.62%	14.63%	13.87%	12.15%	10.07%	14.59%	24.51%	10.50%	8.03%	12.79%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.69%	4.00%	4.47%	4.45%	4.11%	5.56%	10.12%	5.39%	4.38%	6.77%	0.00%
Return on Equity (ROE)	16.77%	18.83%	18.47%	16.85%	14.27%	20.50%	35.55%	16.41%	12.78%	20.47%	0.00%
Cash Return on Invested Capital (CROIC)	7.46%	8.82%	13.10%	13.78%	14.36%	12.70%	-176.26%	3.19%	2.17%	6.44%	200.00%
Operating Return on Assets (OROA)	11.28%	13.00%	12.86%	11.47%	10.02%	13.40%	24.59%	10.56%	8.52%	12.16%	0.00%
Return on Assets (ROA)	8.45%	9.29%	9.22%	8.30%	7.00%	9.57%	17.06%	7.08%	5.60%	8.60%	0.00%
Return on Common Equity (ROCE)	16.77%	18.83%	18.47%	16.85%	14.27%	20.50%	35.55%	16.41%	12.78%	20.47%	0.00%
Return on Equity Simple (ROE_SIMPLE)	16.80%	0.00%	16.34%	15.97%	15.72%	0.00%	15.73%	15.00%	15.12%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	105	119	112	102	77	123	101	86	61	118	82
NOPAT Margin	12.99%	14.45%	14.04%	12.94%	10.83%	15.63%	13.94%	12.26%	9.65%	15.60%	12.93%
Net Nonoperating Expense Percent (NNEP)	0.46%	0.19%	0.13%	0.25%	0.08%	0.36%	0.92%	0.52%	0.38%	0.91%	1.86%
Return On Investment Capital (ROIC_SIMPLE)	2.98%	3.40%	-	-	-	3.64%	-	-	-	3.65%	-
Cost of Revenue to Revenue	63.70%	61.49%	62.67%	63.80%	64.42%	61.22%	61.14%	63.15%	64.90%	61.40%	63.17%
SG&A Expenses to Revenue	17.25%	15.60%	16.19%	16.58%	18.34%	15.78%	17.32%	17.97%	19.14%	15.34%	17.01%
R&D to Revenue	2.86%	3.13%	2.60%	2.82%	3.22%	2.55%	3.24%	2.87%	3.49%	2.51%	2.76%
Operating Expenses to Revenue	20.26%	19.72%	19.20%	19.78%	21.56%	18.33%	20.56%	20.84%	22.63%	17.24%	19.76%
Earnings before Interest and Taxes (EBIT)	135	165	155	137	110	168	140	121	86	154	111
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	166	192	182	165	137	197	168	150	115	183	141
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.67	5.50	5.05	4.22	4.11	3.65	3.42	3.28	3.27	3.21	0.00
Price to Tangible Book Value (P/TBV)	39.51	75.98	33.61	30.35	34.25	40.08	112.94	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.72	4.31	4.08	3.45	3.34	2.99	2.65	2.58	2.55	2.49	0.00
Price to Earnings (P/E)	27.80	33.25	30.93	26.43	26.14	23.97	21.74	21.89	21.62	21.63	0.00
Dividend Yield	0.26%	0.23%	0.25%	0.30%	0.31%	0.36%	0.40%	0.42%	0.43%	0.45%	0.54%
Earnings Yield	3.60%	3.01%	3.23%	3.78%	3.83%	4.17%	4.60%	4.57%	4.62%	4.62%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.85	4.54	4.26	3.53	3.39	3.08	2.71	2.55	2.48	2.47	0.00
Enterprise Value to Revenue (EV/Rev)	3.95	4.53	4.28	3.67	3.58	3.21	2.97	2.95	2.97	2.88	0.00
Enterprise Value to EBITDA (EV/EBITDA)	18.01	20.95	19.40	16.57	16.09	14.49	13.59	13.64	13.76	13.55	0.00
Enterprise Value to EBIT (EV/EBIT)	21.40	24.93	23.15	19.92	19.51	17.77	16.72	17.01	17.20	17.07	0.00
Enterprise Value to NOPAT (EV/NOPAT)	28.99	34.46	31.89	27.43	27.08	24.64	22.85	23.15	23.29	23.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	23.01	25.96	25.11	22.34	21.24	20.40	18.27	19.72	23.86	24.98	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	53.22	52.68	32.58	25.53	23.40	24.20	0.00	83.05	119.54	39.27	1.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.43	0.42	0.43	0.44	0.45	0.48	0.55	0.60	0.63	0.00
Long-Term Debt to Equity	0.37	0.39	0.39	0.39	0.40	0.45	0.48	0.55	0.60	0.53	0.00
Financial Leverage	0.29	0.27	0.32	0.37	0.41	0.38	0.41	0.51	0.55	0.53	0.44
Leverage Ratio	1.94	2.01	1.99	2.00	2.02	2.10	2.02	2.21	2.17	2.25	2.15
Compound Leverage Factor	1.79	1.87	1.84	1.84	1.83	1.97	1.84	1.93	1.84	2.11	1.88
Debt to Total Capital	27.25%	29.98%	29.64%	29.92%	30.61%	31.09%	32.47%	35.48%	37.45%	38.77%	0.00%
Short-Term Debt to Total Capital	0.00%	2.57%	2.54%	2.57%	2.62%	0.00%	0.00%	0.00%	0.00%	6.26%	0.00%
Long-Term Debt to Total Capital	27.25%	27.41%	27.10%	27.36%	27.99%	31.09%	32.47%	35.48%	37.45%	32.51%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	72.75%	70.02%	70.36%	70.08%	69.39%	68.91%	67.53%	64.52%	62.55%	61.23%	0.00%
Debt to EBITDA	1.36	1.55	1.54	1.57	1.61	1.67	1.71	2.00	2.16	2.31	0.00
Net Debt to EBITDA	1.04	0.98	0.89	1.00	1.09	1.02	1.46	1.73	1.93	1.84	0.00
Long-Term Debt to EBITDA	1.36	1.42	1.41	1.44	1.47	1.67	1.71	2.00	2.16	1.94	0.00
Debt to NOPAT	2.19	2.56	2.54	2.61	2.71	2.83	2.87	3.39	3.67	3.92	0.00
Net Debt to NOPAT	1.67	1.62	1.46	1.66	1.84	1.73	2.46	2.93	3.28	3.11	0.00
Long-Term Debt to NOPAT	2.19	2.34	2.32	2.38	2.48	2.83	2.87	3.39	3.67	3.28	0.00
Altman Z-Score	5.06	5.19	5.20	4.76	4.65	4.25	4.03	3.79	3.66	3.38	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.89	1.69	1.98	2.05	2.02	2.13	1.99	2.11	2.15	1.55	0.00
Quick Ratio	1.19	1.11	1.32	1.34	1.30	1.41	1.21	1.26	1.27	1.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-94	-23	103	132	138	130	-2,986	-164	-209	-15	2,817
Operating Cash Flow to CapEx	-253.80%	1,416.48%	1,311.88%	1,014.90%	-379.83%	7,155.90%	1,560.05%	943.95%	-877.64%	3,361.95%	1,470.30%
Free Cash Flow to Firm to Interest Expense	-9.32	-1.94	9.06	11.74	13.08	11.82	-238.97	-10.93	-16.17	-1.06	201.29
Operating Cash Flow to Interest Expense	-3.82	25.81	15.54	9.93	-4.32	25.76	11.71	7.40	-7.08	21.40	6.83
Operating Cash Flow Less CapEx to Interest Expense	-5.33	23.99	14.35	8.95	-5.45	25.40	10.96	6.62	-7.88	20.76	6.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.65	0.66	0.65	0.65	0.63	1.28	0.62	0.62	0.60	0.00
Accounts Receivable Turnover	3.81	3.98	3.74	3.84	3.91	3.91	0.00	3.75	3.81	3.73	0.00
Inventory Turnover	3.57	3.74	3.46	3.41	3.38	3.58	0.00	3.34	3.39	3.58	0.00
Fixed Asset Turnover	9.46	9.29	9.27	9.01	8.74	8.42	0.00	7.91	7.56	7.28	0.00
Accounts Payable Turnover	8.57	8.01	8.90	8.22	8.28	6.97	0.00	8.48	8.79	6.70	0.00
Days Sales Outstanding (DSO)	95.86	91.67	97.56	95.17	93.31	93.39	0.00	97.24	95.91	97.81	0.00
Days Inventory Outstanding (DIO)	102.12	97.53	105.52	107.01	107.91	101.93	0.00	109.26	107.71	101.90	0.00
Days Payable Outstanding (DPO)	42.57	45.54	41.00	44.40	44.06	52.38	0.00	43.05	41.53	54.46	0.00
Cash Conversion Cycle (CCC)	155.41	143.65	162.09	157.78	157.16	142.94	0.00	163.45	162.09	145.25	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,291	3,114	3,096	3,126	3,092	2,972	3,087	3,156	3,153	2,979	0.00
Invested Capital Turnover	1.01	1.03	1.00	0.96	0.94	0.96	1.83	0.90	0.87	0.88	0.00
Increase / (Decrease) in Invested Capital	199	142	8.81	-30	-61	-6.73	3,087	250	270	133	-2,736
Enterprise Value (EV)	12,680	14,131	13,194	11,045	10,492	9,139	8,372	8,034	7,814	7,364	5,306
Market Capitalization	11,948	13,467	12,589	10,378	9,780	8,496	7,470	7,017	6,715	6,367	5,306
Book Value per Share	$67.96	$64.56	$65.03	$64.19	$62.22	$60.89	$57.05	$55.77	$53.67	$51.61	$0.00
Tangible Book Value per Share	$8.03	$4.67	$9.78	$8.93	$7.46	$5.54	$1.73	($0.20)	($2.62)	($4.80)	$0.00
Total Capital	3,518	3,499	3,540	3,508	3,430	3,379	3,236	3,314	3,284	3,236	0.00
Total Debt	959	1,049	1,049	1,050	1,050	1,050	1,051	1,176	1,230	1,254	0.00
Total Long-Term Debt	959	959	959	960	960	1,050	1,051	1,176	1,230	1,052	0.00
Net Debt	732	664	605	667	712	643	902	1,017	1,099	997	0.00
Capital Expenditures (CapEx)	15	21	14	11	12	3.95	9.38	12	10	8.70	6.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	620	459	612	647	631	504	621	644	643	480	0.00
Debt-free Net Working Capital (DFNWC)	846	844	1,055	1,029	969	911	770	803	774	737	0.00
Net Working Capital (NWC)	846	754	965	939	879	911	770	803	774	535	0.00
Net Nonoperating Expense (NNE)	3.33	1.26	0.99	2.09	0.74	2.94	4.17	5.39	4.01	9.20	7.77
Net Nonoperating Obligations (NNO)	732	664	605	667	712	643	902	1,017	1,099	997	0.00
Total Depreciation and Amortization (D&A)	31	27	27	27	27	29	29	29	29	29	30
Debt-free, Cash-free Net Working Capital to Revenue	19.28%	14.69%	19.84%	21.50%	21.55%	17.70%	22.04%	23.64%	24.48%	18.79%	0.00%
Debt-free Net Working Capital to Revenue	26.33%	27.03%	34.24%	34.22%	33.10%	32.00%	27.32%	29.47%	29.45%	28.84%	0.00%
Net Working Capital to Revenue	26.33%	24.15%	31.32%	31.23%	30.02%	32.00%	27.32%	29.47%	29.45%	20.92%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.69	$3.10	$2.91	$2.60	$2.00	$3.14	$2.53	$2.11	$1.48	$2.85	$0.00
Adjusted Weighted Average Basic Shares Outstanding	37.68M	38.15M	38.21M	38.30M	38.25M	38.28M	38.29M	38.33M	38.30M	38.39M	0.00
Adjusted Diluted Earnings per Share	$2.68	$3.09	$2.89	$2.58	$1.99	$3.11	$2.51	$2.10	$1.48	$2.83	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	37.85M	38.37M	38.45M	38.50M	38.43M	38.53M	38.56M	38.56M	38.52M	38.65M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.69M	37.66M	37.95M	38.30M	38.30M	38.21M	38.24M	38.31M	38.34M	38.27M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	106	119	115	104	77	123	101	86	61	118	82
Normalized NOPAT Margin	13.12%	14.45%	14.36%	13.23%	10.83%	15.63%	13.94%	12.26%	9.65%	15.60%	12.93%
Pre Tax Income Margin	15.53%	18.58%	17.98%	16.09%	13.88%	19.96%	17.54%	15.01%	11.64%	19.14%	15.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	13.33	14.12	13.59	12.26	10.37	15.31	11.17	8.05	6.67	11.27	7.95
NOPAT to Interest Expense	10.32	10.20	9.83	9.06	7.31	11.21	8.08	5.76	4.70	8.65	5.83
EBIT Less CapEx to Interest Expense	11.83	12.30	12.41	11.28	9.23	14.95	10.42	7.27	5.87	10.64	7.49
NOPAT Less CapEx to Interest Expense	8.81	8.38	8.65	8.08	6.17	10.85	7.33	4.98	3.90	8.01	5.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	7.82%	7.62%	7.80%	0.00%	8.53%	8.59%	6.81%	0.00%	9.78%	0.00%
Augmented Payout Ratio	58.64%	69.55%	44.56%	20.68%	13.35%	22.68%	23.08%	22.28%	16.23%	29.10%	0.00%

Frequently Asked Questions About Curtiss-Wright's Financials

When does Curtiss-Wright's financial year end?

According to the most recent income statement we have on file, Curtiss-Wright's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Curtiss-Wright's net income changed over the last 9 years?

Curtiss-Wright's net income appears to be on an upward trend, with a most recent value of $404.98 million in 2024, rising from $145.46 million in 2015. The previous period was $354.51 million in 2023. Check out Curtiss-Wright's forecast to explore projected trends and price targets.

What is Curtiss-Wright's operating income?

Curtiss-Wright's total operating income in 2024 was $528.60 million, based on the following breakdown:

Total Gross Profit: $1.15 billion
Total Operating Expenses: $624.95 million

How has Curtiss-Wright revenue changed over the last 9 years?

Over the last 9 years, Curtiss-Wright's total revenue changed from $2.21 billion in 2015 to $3.12 billion in 2024, a change of 41.5%.

How much debt does Curtiss-Wright have?

Curtiss-Wright's total liabilities were at $2.54 billion at the end of 2024, a 10.6% increase from 2023, and a 46.2% increase since 2015.

How much cash does Curtiss-Wright have?

In the past 9 years, Curtiss-Wright's cash and equivalents has ranged from $171.00 million in 2021 to $553.85 million in 2016, and is currently $385.04 million as of their latest financial filing in 2024.

How has Curtiss-Wright's book value per share changed over the last 9 years?

Over the last 9 years, Curtiss-Wright's book value per share changed from 27.46 in 2015 to 64.56 in 2024, a change of 135.1%.

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This page (NYSE:CW) was last updated on 5/28/2025 by MarketBeat.com Staff

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Curtiss-Wright (CW) Financials

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