Curtiss-Wright (CW) Financials

$364.26 +4.34 (+1.20%)

Closing price 03:59 PM Eastern

Extended Trading

$367.26 +3.00 (+0.82%)

As of 06:18 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	145	187	215	276	308	201	263	294	355	405
Consolidated Net Income / (Loss)	145	187	215	276	308	201	263	294	355	405
Net Income / (Loss) Continuing Operations	192	189	215	276	308	201	263	294	355	405
Total Pre-Tax Income	275	268	300	356	396	263	349	389	463	522
Total Operating Income	311	297	325	374	404	289	377	423	485	529
Total Gross Profit	783	2,109	801	871	899	841	928	955	1,067	1,154
Total Revenue	2,206	2,109	2,271	2,412	2,488	2,391	2,501	2,557	2,845	3,121
Operating Revenue	2,206	2,109	2,271	2,412	2,488	2,391	2,501	2,557	2,845	3,121
Total Cost of Revenue	1,422	0.00	1,470	1,541	1,589	1,550	1,573	1,602	1,778	1,968
Operating Cost of Revenue	1,422	-	1,470	1,541	1,589	1,550	1,573	1,602	1,778	1,968
Total Operating Expenses	473	1,812	476	498	495	552	551	527	583	625
Selling, General & Admin Expense	412	379	414	433	422	413	443	446	497	519
Research & Development Expense	61	59	61	65	73	75	88	81	86	92
Restructuring Charge	-	-	-	0.00	0.00	32	-	0.00	0.00	14
Total Other Income / (Expense), net	-35	-29	-26	-17	-7.49	-26	-28	-39	-22	-6.54
Interest Expense	36	41	41	34	31	36	40	47	51	45
Other Income / (Expense), net	0.62	13	16	17	24	9.75	12	8.08	30	38
Income Tax Expense	83	79	85	80	89	62	86	95	109	117
Basic Earnings per Share	$3.12	$4.22	$4.86	$6.28	$7.20	$4.83	$6.50	$7.67	$9.26	$10.61
Weighted Average Basic Shares Outstanding	46.62M	44.39M	44.18M	43.89M	42.74M	41.74M	40.42M	38.39M	38.28M	38.15M
Diluted Earnings per Share	$3.05	$4.15	$4.80	$6.22	$7.15	$4.80	$6.47	$7.62	$9.20	$10.55
Weighted Average Diluted Shares Outstanding	47.62M	45.05M	44.76M	44.32M	43.02M	42.00M	40.60M	38.65M	38.53M	38.37M
Weighted Average Basic & Diluted Shares Outstanding	46.60M	44.40M	44.20M	43.90M	42.71M	40.94M	38.44M	38.27M	38.21M	37.66M
Cash Dividends to Common per Share	$0.52	$0.52	$0.56	$0.60	$0.66	$0.68	$0.71	$0.75	$0.79	$0.83

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-58	143	-126	28	-9.93	258	-69	45	61	-59
Net Cash From Operating Activities	96	292	-92	111	146	282	-46	111	177	301
Net Cash From Continuing Operating Activities	96	292	-92	111	146	285	-46	111	177	301
Net Income / (Loss) Continuing Operations	74	109	57	81	97	120	76	99	111	118
Consolidated Net Income / (Loss)	74	109	57	81	97	120	76	99	111	118
Depreciation Expense	30	29	29	29	29	29	27	27	27	27
Non-Cash Adjustments To Reconcile Net Income	3.21	2.93	5.27	3.60	4.50	3.46	4.72	6.23	7.32	4.89
Changes in Operating Assets and Liabilities, net	-11	152	-183	-2.70	16	132	-154	-22	32	152
Net Cash From Investing Activities	-264	-44	-10	-12	-9.38	-3.95	-12	-45	-14	-213
Net Cash From Continuing Investing Activities	-264	-44	-10	-12	-9.38	-3.95	-12	-45	-14	-213
Purchase of Property, Plant & Equipment	-9.30	-9.43	-11	-12	-9.37	-13	-12	-11	-15	-23
Acquisitions	-247	-30	-	-	-	-	-	-	-	-192
Sale of Property, Plant & Equipment	2.79	0.73	0.22	0.25	-0.01	8.68	0.04	0.09	1.07	2.00
Net Cash From Financing Activities	127	-115	-32	-73	-141	-28	-7.01	-21	-115	-129
Net Cash From Continuing Financing Activities	127	-115	-32	-73	-141	-28	-7.01	-21	-115	-129
Repayment of Debt	-544	-754	-490	-70	-230	-52	-5.17	-4.31	-8.02	-5.00
Repurchase of Common Equity	-13	-12	-12	-12	-13	-13	-12	-13	-113	-112
Payment of Dividends	-	-15	-	-	-7.66	-15	-	-	-8.04	-16
Issuance of Debt	679	665	465	16	105	52	4.88	4.01	7.72	4.69
Effect of Exchange Rate Changes	-16	10	7.45	1.62	-6.33	7.99	-4.18	-1.52	13	-18

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

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 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	4,362	4,441	4,414	4,612	4,748	4,886
Total Current Assets	1,446	1,524	1,545	1,737	1,836	1,952
Cash & Equivalents	131	159	149	338	383	444
Accounts Receivable	720	752	790	777	817	858
Inventories, net	528	546	540	553	559	583
Other Current Assets	67	68	66	69	77	68
Plant, Property, & Equipment, net	340	341	335	329	327	330
Total Noncurrent Assets	2,576	2,577	2,534	2,546	2,585	2,603
Goodwill	1,549	1,556	1,547	1,552	1,571	1,583
Intangible Assets	605	590	572	542	545	532
Employee Benefit Assets	228	233	236	267	273	279
Other Noncurrent Operating Assets	194	198	179	184	196	208
Total Liabilities & Shareholders' Equity	4,362	4,441	4,414	4,612	4,748	4,886
Total Liabilities	2,308	2,303	2,229	2,232	2,290	2,395
Total Current Liabilities	672	721	775	858	897	987
Short-Term Debt	0.00	0.00	0.00	90	90	90
Accounts Payable	208	234	214	234	225	223
Accrued Expenses	154	144	189	158	159	194
Current Deferred Revenue	234	265	293	298	342	392
Other Current Liabilities	76	78	81	79	82	87
Total Noncurrent Liabilities	1,636	1,582	1,453	1,374	1,393	1,409
Long-Term Debt	1,230	1,176	1,051	960	960	959
Asset Retirement Reserve & Litigation Obligation	13	13	14	13	14	15
Noncurrent Deferred & Payable Income Tax Liabilities	123	118	117	128	128	124
Noncurrent Employee Benefit Liabilities	58	58	58	67	68	68
Other Noncurrent Operating Liabilities	212	216	214	205	224	242
Total Equity & Noncontrolling Interests	2,054	2,138	2,185	2,380	2,458	2,490
Total Preferred & Common Equity	2,054	2,138	2,185	2,380	2,458	2,490
Total Common Equity	2,054	2,138	2,185	2,380	2,458	2,490
Common Stock	176	180	186	182	185	194
Retained Earnings	3,224	3,297	3,376	3,557	3,648	3,751
Treasury Stock	-1,101	-1,114	-1,123	-1,130	-1,141	-1,251
Accumulated Other Comprehensive Income / (Loss)	-244	-225	-253	-228	-233	-203

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

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

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

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

Frequently Asked Questions About Curtiss-Wright's Financials

When does Curtiss-Wright's fiscal year end?

According to the most recent income statement we have on file, Curtiss-Wright's financial year ends in December. Their financial 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. View Curtiss-Wright's forecast to see where analysts expect Curtiss-Wright to go next.

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 5/6/2025 by MarketBeat.com Staff

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Curtiss-Wright (CW) Financials

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Curtiss-Wright (CW) Financials

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