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Curtiss-Wright (CW) Financials

Curtiss-Wright logo
$690.27 -23.77 (-3.33%)
Closing price 08/7/2026 03:59 PM Eastern
Extended Trading
$691.17 +0.90 (+0.13%)
As of 08/7/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Curtiss-Wright

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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 145 187 215 276 308 201 263 294 355 405 484
Consolidated Net Income / (Loss)		 145 187 215 276 308 201 263 294 355 405 484
Net Income / (Loss) Continuing Operations		 192 189 215 276 308 201 263 294 355 405 484
Total Pre-Tax Income 		275 268 300 356 396 263 349 389 463 522 620
Total Operating Income		 311 297 325 374 404 289 377 423 485 529 634
Total Gross Profit		 783 2,109 801 871 899 841 928 955 1,067 1,154 1,302
Total Revenue		 2,206 2,109 2,271 2,412 2,488 2,391 2,501 2,557 2,845 3,121 3,498
Operating Revenue		 2,206 2,109 2,271 2,412 2,488 2,391 2,501 2,557 2,845 3,121 3,498
Total Cost of Revenue		 1,422 0.00 1,470 1,541 1,589 1,550 1,573 1,602 1,778 1,968 2,197
Operating Cost of Revenue		 1,422 - 1,470 1,541 1,589 1,550 1,573 1,602 1,778 1,968 2,197
Total Operating Expenses		 473 1,812 476 498 495 552 551 527 583 625 668
Selling, General & Admin Expense		 412 379 414 433 422 413 443 446 497 519 568
Research & Development Expense		 61 59 61 65 73 75 88 81 86 92 95
Restructuring Charge		 - - - 0.00 0.00 32 - 0.00 0.00 14 4.50
Total Other Income / (Expense), net		 -35 -29 -26 -17 -7.49 -26 -28 -39 -22 -6.54 -14
Interest Expense		 36 41 41 34 31 36 40 47 51 45 43
Other Income / (Expense), net		 0.62 13 16 17 24 9.75 12 8.08 30 38 30
Income Tax Expense		 83 79 85 80 89 62 86 95 109 117 136
Basic Earnings per Share		 $3.12 $4.22 $4.86 $6.28 $7.20 $4.83 $6.50 $7.67 $9.26 $10.61 $12.94
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 37.42M
Diluted Earnings per Share		 $3.05 $4.15 $4.80 $6.22 $7.15 $4.80 $6.47 $7.62 $9.20 $10.55 $12.87
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 37.63M
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 36.87M
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 $0.93

Quarterly Income Statements for Curtiss-Wright

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 120 76 99 111 118 101 121 125 137 128 151
Consolidated Net Income / (Loss)		 120 76 99 111 118 101 121 125 137 128 151
Net Income / (Loss) Continuing Operations		 120 76 99 111 118 101 121 125 137 128 151
Total Pre-Tax Income 		157 99 126 144 153 125 157 161 177 158 194
Total Operating Income		 161 100 129 145 155 129 156 166 182 160 179
Total Gross Profit		 305 254 284 298 317 292 326 327 355 331 364
Total Revenue		 786 713 785 799 824 806 877 869 947 914 924
Operating Revenue		 786 713 785 799 824 806 877 869 947 914 924
Total Cost of Revenue		 481 459 501 501 507 513 550 542 592 582 560
Operating Cost of Revenue		 481 459 501 501 507 513 550 542 592 582 560
Total Operating Expenses		 144 154 155 153 163 163 170 161 174 172 185
Selling, General & Admin Expense		 124 131 130 129 129 139 146 137 147 147 160
Research & Development Expense		 20 23 22 21 26 23 23 23 25 24 25
Restructuring Charge		 - 0.00 2.92 3.28 - 1.29 0.71 0.80 1.71 0.91 0.52
Total Other Income / (Expense), net		 -3.84 -0.96 -2.66 -1.28 -1.64 -4.11 0.46 -5.10 -4.76 -1.74 16
Interest Expense		 11 11 11 11 12 10 11 10 12 9.94 9.93
Other Income / (Expense), net		 7.12 9.61 8.56 10 10 6.03 11 5.39 7.24 8.20 26
Income Tax Expense		 37 23 27 32 35 24 36 36 40 30 43
Basic Earnings per Share		 $3.14 $2.00 $2.60 $2.91 $3.10 $2.69 $3.21 $3.34 $3.70 $3.47 $4.09
Weighted Average Basic Shares Outstanding		 38.28M 38.25M 38.30M 38.21M 38.15M 37.68M 37.69M 37.43M 37.42M 36.90M 36.94M
Diluted Earnings per Share		 $3.11 $1.99 $2.58 $2.89 $3.09 $2.68 $3.19 $3.31 $3.69 $3.46 $4.07
Weighted Average Diluted Shares Outstanding		 38.53M 38.43M 38.50M 38.45M 38.37M 37.85M 37.90M 37.66M 37.63M 37.06M 37.12M
Weighted Average Basic & Diluted Shares Outstanding		 38.21M 38.30M 38.30M 37.95M 37.66M 37.69M 37.68M 36.87M 36.87M 36.94M 36.93M
Cash Dividends to Common per Share		 $0.20 $0.20 $0.21 $0.21 $0.21 $0.21 $0.24 $0.24 $0.24 $0.24 $0.26

Annual Cash Flow Statements for Curtiss-Wright

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -161 265 -79 -199 115 -193 -27 86 150 -22 -14
Net Cash From Operating Activities		 162 423 389 336 421 261 388 295 448 544 643
Net Cash From Continuing Operating Activities		 162 423 389 336 421 261 388 295 448 544 643
Net Income / (Loss) Continuing Operations		 145 187 215 276 308 201 263 294 355 405 484
Consolidated Net Income / (Loss)		 145 187 215 276 308 201 263 294 355 405 484
Depreciation Expense		 101 96 100 103 102 116 114 112 116 108 125
Non-Cash Adjustments To Reconcile Net Income		 66 6.56 11 0.12 2.62 72 32 15 14 23 22
Changes in Operating Assets and Liabilities, net		 -150 133 64 -43 8.79 -129 -22 -127 -37 8.48 12
Net Cash From Investing Activities		 -16 -43 -272 -256 -240 -533 -42 -326 -36 -283 -90
Net Cash From Continuing Investing Activities		 -16 -43 -272 -256 -240 -533 -42 -326 -36 -283 -90
Purchase of Property, Plant & Equipment		 -36 -47 -53 -53 -70 -47 -41 -38 -45 -61 -90
Acquisitions		 -14 -0.86 -233 -210 -185 -488 0.00 -282 0.00 -226 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 1.27
Sale and/or Maturity of Investments		 - - - - - - - - 0.00 0.00 7.92
Other Investing Activities, net		 - - 6.24 -1.05 -0.17 -0.02 -5.34 -5.06 0.00 0.00 -9.62
Net Cash From Financing Activities		 -289 -96 -214 -264 -68 82 -369 129 -273 -271 -578
Net Cash From Continuing Financing Activities		 -289 -96 -214 -264 -68 82 -369 129 -273 -271 -578
Repayment of Debt		 -79 -9.07 -159 -424 -39 -572 -463 -1,793 -842 -22 -566
Repurchase of Common Equity		 -294 -105 -52 -199 -51 -200 -343 -57 -50 -250 -465
Payment of Dividends		 -24 -23 -25 -26 -28 -28 -29 -29 -30 -32 -35
Issuance of Debt		 70 7.84 7.66 373 38 871 456 1,998 638 21 475
Issuance of Common Equity		 29 22 14 12 12 11 9.71 10.00 11 11 13
Effect of Exchange Rate Changes		 -19 -19 19 -16 1.75 -3.52 -3.38 -12 11 -11 11

Quarterly Cash Flow Statements for Curtiss-Wright

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 258 -69 45 61 -59 -159 105 -106 146 -28 134
Net Cash From Operating Activities		 282 -46 111 177 301 -39 137 193 353 -5.66 181
Net Cash From Continuing Operating Activities		 285 -46 111 177 301 -39 136 193 353 -5.66 181
Net Income / (Loss) Continuing Operations		 120 76 99 111 118 101 121 125 137 128 151
Consolidated Net Income / (Loss)		 120 76 99 111 118 101 121 125 137 128 151
Depreciation Expense		 29 27 27 27 27 31 31 31 31 28 28
Non-Cash Adjustments To Reconcile Net Income		 3.46 4.72 6.23 7.32 4.89 5.78 3.80 13 -0.62 7.20 7.17
Changes in Operating Assets and Liabilities, net		 132 -154 -22 32 152 -177 -20 24 185 -169 -5.53
Net Cash From Investing Activities		 -3.95 -12 -45 -14 -213 -25 -12 -17 -37 -12 -21
Net Cash From Continuing Investing Activities		 -3.95 -12 -45 -14 -213 -25 -12 -17 -37 -12 -21
Purchase of Property, Plant & Equipment		 -13 -12 -11 -15 -23 -16 -19 -17 -38 -12 -29
Sale of Property, Plant & Equipment		 8.68 0.04 0.09 1.07 2.00 0.50 -0.20 0.12 0.84 0.31 0.09
Net Cash From Financing Activities		 -28 -7.01 -21 -115 -129 -99 -29 -282 -168 -8.01 -24
Net Cash From Continuing Financing Activities		 -28 -7.01 -21 -115 -129 -99 -29 -282 -168 -8.01 -24
Repurchase of Common Equity		 -13 -12 -13 -113 -112 -14 -21 -290 -140 -14 -15

Annual Balance Sheets for Curtiss-Wright

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 2025
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 12/31/2025
Total Assets		 2,990 3,038 3,236 3,255 3,764 4,021 4,104 4,448 4,621 4,986 5,221
Total Current Assets		 1,275 1,415 1,402 1,344 1,530 1,301 1,308 1,516 1,717 1,850 2,018
Cash & Equivalents		 289 554 475 276 391 198 171 257 407 385 371
Accounts Receivable		 566 463 495 594 632 589 647 723 733 835 932
Inventories, net		 380 367 379 423 425 429 412 483 510 541 615
Other Current Assets		 40 31 53 51 82 85 78 53 68 88 100
Plant, Property, & Equipment, net		 414 389 390 375 386 378 360 343 333 339 382
Total Noncurrent Assets		 1,301 1,234 1,444 1,537 1,849 2,342 2,436 2,590 2,571 2,797 2,821
Goodwill		 973 951 1,096 1,088 1,167 1,455 1,463 1,545 1,559 1,676 1,692
Intangible Assets		 311 271 330 430 480 610 538 621 558 597 532
Employee Benefit Assets		 - - - - 0.00 93 256 223 262 299 334
Other Noncurrent Operating Assets		 18 12 18 19 202 185 178 201 193 225 262
Total Liabilities & Shareholders' Equity		 2,990 3,038 3,236 3,255 3,764 4,021 4,104 4,448 4,621 4,986 5,221
Total Liabilities		 1,734 1,747 1,709 1,725 1,990 2,234 2,277 2,467 2,293 2,536 2,688
Total Current Liabilities		 523 675 591 687 745 810 735 981 807 1,096 1,406
Short-Term Debt		 1.26 151 0.15 0.24 0.00 100 0.00 203 0.00 90 200
Accounts Payable		 163 178 185 233 222 201 212 267 244 247 310
Accrued Expenses		 132 130 150 167 165 140 148 174 188 219 243
Current Deferred Revenue		 182 170 215 237 276 253 260 255 304 459 561
Other Current Liabilities		 37 28 36 45 74 99 103 83 71 80 91
Total Noncurrent Liabilities		 1,211 1,071 1,118 1,037 1,245 1,423 1,542 1,486 1,486 1,440 1,282
Long-Term Debt		 952 816 814 762 761 958 1,051 1,052 1,050 959 758
Noncurrent Deferred & Payable Income Tax Liabilities		 54 50 49 47 80 115 147 123 132 141 154
Noncurrent Employee Benefit Liabilities		 104 107 121 101 139 98 91 58 67 67 71
Other Noncurrent Operating Liabilities		 87 85 119 111 106 103 112 240 236 273 299
Commitments & Contingencies		 - - - - - - - 0.00 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 2,534
Total Preferred & Common Equity		 1,255 1,291 1,528 1,531 1,774 1,788 1,826 1,981 2,328 2,450 2,534
Total Common Equity		 1,255 1,291 1,528 1,531 1,774 1,788 1,826 1,981 2,328 2,450 2,534
Common Stock		 194 179 170 167 165 172 176 184 189 197 214
Retained Earnings		 1,591 1,755 1,944 2,191 2,497 2,670 2,909 3,163 3,488 3,861 4,311
Treasury Stock		 -303 -351 -369 -540 -563 -744 -1,068 -1,107 -1,135 -1,365 -1,817
Accumulated Other Comprehensive Income / (Loss)		 -226 -292 -217 -288 -325 -311 -190 -259 -213 -243 -174

Quarterly Balance Sheets for Curtiss-Wright

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 4,362 4,441 4,414 4,612 4,748 4,886 4,952 5,194 5,102 5,270 5,456
Total Current Assets		 1,446 1,524 1,545 1,737 1,836 1,952 1,800 2,000 1,927 2,072 2,237
Cash & Equivalents		 131 159 149 338 383 444 226 332 225 343 477
Accounts Receivable		 720 752 790 777 817 858 911 962 977 996 997
Inventories, net		 528 546 540 553 559 583 578 611 637 641 669
Other Current Assets		 67 68 66 69 77 68 84 96 88 91 94
Plant, Property, & Equipment, net		 340 341 335 329 327 330 350 360 364 379 386
Total Noncurrent Assets		 2,576 2,577 2,534 2,546 2,585 2,603 2,802 2,835 2,811 2,819 2,832
Goodwill		 1,549 1,556 1,547 1,552 1,571 1,583 1,674 1,699 1,693 1,685 1,687
Intangible Assets		 605 590 572 542 545 532 583 570 550 516 501
Employee Benefit Assets		 228 233 236 267 273 279 306 315 322 340 347
Other Noncurrent Operating Assets		 194 198 179 184 196 208 239 252 246 277 297
Total Liabilities & Shareholders' Equity		 4,362 4,441 4,414 4,612 4,748 4,886 4,952 5,194 5,102 5,270 5,456
Total Liabilities		 2,308 2,303 2,229 2,232 2,290 2,395 2,393 2,483 2,573 2,638 2,686
Total Current Liabilities		 672 721 775 858 897 987 954 1,027 1,101 1,360 1,397
Short-Term Debt		 0.00 0.00 0.00 90 90 90 0.00 0.00 0.00 200 200
Accounts Payable		 208 234 214 234 225 223 238 261 270 277 285
Accrued Expenses		 154 144 189 158 159 194 181 179 228 203 217
Current Deferred Revenue		 234 265 293 298 342 392 448 500 504 569 594
Other Current Liabilities		 76 78 81 79 82 87 87 86 100 111 101
Total Noncurrent Liabilities		 1,636 1,582 1,453 1,374 1,393 1,409 1,439 1,456 1,471 1,278 1,289
Long-Term Debt		 1,230 1,176 1,051 960 960 959 959 958 969 758 757
Noncurrent Deferred & Payable Income Tax Liabilities		 123 118 117 128 128 124 139 145 145 160 161
Noncurrent Employee Benefit Liabilities		 58 58 58 67 68 68 68 70 74 69 69
Other Noncurrent Operating Liabilities		 212 216 214 205 224 242 272 283 284 292 301
Commitments & Contingencies		 - - - - - - - - - 0.00 0.00
Total Equity & Noncontrolling Interests		 2,054 2,138 2,185 2,380 2,458 2,490 2,559 2,712 2,529 2,632 2,770
Total Preferred & Common Equity		 2,054 2,138 2,185 2,380 2,458 2,490 2,559 2,712 2,529 2,632 2,770
Total Common Equity		 2,054 2,138 2,185 2,380 2,458 2,490 2,559 2,712 2,529 2,632 2,770
Common Stock		 176 180 186 182 185 194 194 199 210 212 218
Retained Earnings		 3,224 3,297 3,376 3,557 3,648 3,751 3,954 4,066 4,182 4,430 4,572
Treasury Stock		 -1,101 -1,114 -1,123 -1,130 -1,141 -1,251 -1,365 -1,385 -1,677 -1,816 -1,830
Accumulated Other Comprehensive Income / (Loss)		 -244 -225 -253 -228 -233 -203 -224 -168 -186 -194 -190

Annual Metrics And Ratios for Curtiss-Wright

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.67% -4.39% 7.69% 6.20% 3.16% -3.88% 4.58% 2.25% 11.28% 9.69% 12.08%
EBITDA Growth		 2.58% -1.66% 8.85% 11.81% 7.51% -21.83% 21.49% 7.94% 16.02% 6.97% 16.81%
EBIT Growth		 10.08% -0.65% 10.31% 14.40% 9.63% -30.20% 30.34% 10.88% 19.22% 10.20% 16.97%
NOPAT Growth		 11.66% -3.42% 11.27% 24.03% 8.36% -29.44% 28.45% 12.74% 15.84% 10.53% 20.66%
Net Income Growth		 28.34% 28.78% 14.71% 28.32% 11.54% -34.52% 30.51% 11.99% 20.44% 14.24% 19.57%
EPS Growth		 32.03% 36.07% 15.66% 29.58% 14.95% -32.87% 34.79% 17.77% 20.73% 14.67% 21.99%
Operating Cash Flow Growth		 -51.03% 160.46% -8.15% -13.49% 25.32% -38.02% 48.43% -23.96% 52.01% 21.47% 18.21%
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% 82.06%
Invested Capital Growth		 2.63% -11.27% 9.58% 8.06% 13.48% 21.92% 1.97% 4.66% -0.23% 4.77% 0.21%
Revenue Q/Q Growth		 0.74% -1.09% 2.08% 1.55% 0.29% 0.53% -0.27% 0.00% 1.00% 1.25% 3.63%
EBITDA Q/Q Growth		 7.73% -0.70% 0.99% 1.13% 2.38% -9.14% 4.26% 0.00% 2.37% -0.80% 3.79%
EBIT Q/Q Growth		 11.93% -0.67% 0.81% 1.27% 3.06% -13.71% 6.45% 0.00% 2.75% -0.52% 3.78%
NOPAT Q/Q Growth		 13.26% -3.27% 0.85% 5.18% 1.56% -12.29% 6.70% 0.00% 1.24% -0.90% 4.56%
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% 4.12%
EPS Q/Q Growth		 59.69% 0.97% -0.21% 6.32% 2.88% -13.98% 8.92% 0.00% 3.14% -0.19% 4.89%
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% 8.69%
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% 64.78%
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% -4.66%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 35.51% 100.00% 35.26% 36.12% 36.12% 35.18% 37.10% 37.33% 37.51% 36.96% 37.20%
EBITDA Margin		 18.68% 19.21% 19.42% 20.45% 21.31% 17.33% 20.14% 21.26% 22.16% 21.61% 22.52%
Operating Margin		 14.08% 14.06% 14.32% 15.49% 16.24% 12.08% 15.08% 16.56% 17.03% 16.94% 18.11%
EBIT Margin		 14.11% 14.66% 15.02% 16.18% 17.20% 12.49% 15.56% 16.88% 18.08% 18.16% 18.96%
Profit (Net Income) Margin		 6.59% 8.88% 9.46% 11.43% 12.36% 8.42% 10.51% 11.51% 12.46% 12.98% 13.84%
Tax Burden Percent		 52.86% 69.91% 71.72% 77.41% 77.58% 76.56% 75.32% 75.63% 76.56% 77.57% 78.10%
Interest Burden Percent		 88.42% 86.66% 87.84% 91.29% 92.67% 88.10% 89.66% 90.19% 90.01% 92.09% 93.49%
Effective Tax Rate		 30.14% 29.32% 28.28% 22.59% 22.42% 23.44% 24.68% 24.37% 23.44% 22.43% 21.90%
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% 15.87%
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% 14.19%
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% 3.56%
Return on Equity (ROE)		 10.64% 14.71% 15.25% 18.03% 18.61% 11.31% 14.54% 15.46% 16.45% 16.95% 19.43%
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% 15.67%
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% 12.99%
Return on Assets (ROA)		 4.55% 6.22% 6.85% 8.50% 8.76% 5.17% 6.47% 6.88% 7.82% 8.43% 9.49%
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% 19.43%
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% 0.00%
Net Operating Profit after Tax (NOPAT)		 217 210 233 289 313 221 284 320 371 410 495
NOPAT Margin		 9.84% 9.94% 10.27% 11.99% 12.60% 9.25% 11.36% 12.52% 13.04% 13.14% 14.14%
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% 1.69%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 9.90% 10.98% 11.72% 14.17%
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% 62.80%
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% 16.25%
R&D to Revenue		 2.76% 2.82% 2.70% 2.68% 2.91% 3.13% 3.54% 3.16% 3.01% 2.94% 2.72%
Operating Expenses to Revenue		 21.43% 85.94% 20.94% 20.63% 19.89% 23.10% 22.02% 20.59% 20.47% 20.02% 19.10%
Earnings before Interest and Taxes (EBIT)		 311 309 341 390 428 299 389 432 514 567 663
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 412 405 441 493 530 414 504 544 631 675 788
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 8.02
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 65.85
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 5.81
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 41.98
Dividend Yield		 0.79% 0.55% 0.48% 0.60% 0.48% 0.59% 0.52% 0.45% 0.36% 0.23% 0.17%
Earnings Yield		 4.86% 4.48% 4.13% 6.35% 5.24% 4.24% 4.88% 4.62% 4.17% 3.01% 2.38%
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 6.70
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 5.98
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 26.54
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 31.54
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 42.27
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 32.51
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 42.82
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 0.38
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 0.30
Financial Leverage		 0.39 0.42 0.27 0.27 0.30 0.43 0.56 0.53 0.38 0.27 0.25
Leverage Ratio		 2.34 2.37 2.23 2.12 2.12 2.19 2.25 2.25 2.10 2.01 2.05
Compound Leverage Factor		 2.07 2.05 1.96 1.94 1.97 1.93 2.02 2.03 1.89 1.85 1.91
Debt to Total Capital		 43.16% 42.80% 34.76% 33.25% 33.80% 39.99% 39.20% 38.77% 31.09% 29.98% 27.44%
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% 5.73%
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% 21.71%
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		 56.84% 57.20% 65.24% 66.75% 66.20% 60.01% 60.80% 61.23% 68.91% 70.02% 72.56%
Debt to EBITDA		 2.31 2.38 1.85 1.55 1.71 2.87 2.34 2.31 1.67 1.55 1.22
Net Debt to EBITDA		 1.61 1.02 0.77 0.99 0.97 2.40 2.00 1.84 1.02 0.98 0.74
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 0.96
Debt to NOPAT		 4.39 4.61 3.49 2.64 2.89 5.39 4.15 3.92 2.83 2.56 1.94
Net Debt to NOPAT		 3.06 1.97 1.45 1.68 1.64 4.49 3.54 3.11 1.73 1.62 1.19
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 1.53
Altman Z-Score		 3.16 3.57 4.02 3.83 3.99 3.19 3.50 3.58 4.50 5.45 6.92
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		 2.44 2.10 2.37 1.96 2.05 1.61 1.78 1.55 2.13 1.69 1.44
Quick Ratio		 1.63 1.51 1.64 1.27 1.37 0.97 1.11 1.00 1.41 1.11 0.93
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 168 426 70 139 42 -281 229 188 378 268 488
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% 727.63%
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 11.32
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 14.91
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 12.86
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.69 0.70 0.72 0.74 0.71 0.61 0.62 0.60 0.63 0.65 0.69
Accounts Receivable Turnover		 4.15 4.10 4.74 4.43 4.06 3.92 4.05 3.73 3.91 3.98 3.96
Inventory Turnover		 3.70 0.00 3.94 3.84 3.75 3.63 3.74 3.58 3.58 3.74 3.80
Fixed Asset Turnover		 5.06 5.26 5.83 6.31 6.55 6.26 6.78 7.28 8.42 9.29 9.70
Accounts Payable Turnover		 9.02 0.00 8.10 7.37 6.99 7.33 7.62 6.70 6.97 8.01 7.88
Days Sales Outstanding (DSO)		 87.85 89.08 76.98 82.38 89.93 93.18 90.19 97.81 93.39 91.67 92.20
Days Inventory Outstanding (DIO)		 98.57 0.00 92.58 95.04 97.41 100.51 97.51 101.90 101.93 97.53 96.08
Days Payable Outstanding (DPO)		 40.49 0.00 45.07 49.54 52.25 49.83 47.90 54.46 52.38 45.54 46.31
Cash Conversion Cycle (CCC)		 145.94 89.08 124.49 127.88 135.09 143.86 139.80 145.25 142.94 143.65 141.96
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 3,120
Invested Capital Turnover		 1.16 1.16 1.27 1.24 1.16 0.94 0.89 0.88 0.96 1.03 1.12
Increase / (Decrease) in Invested Capital		 49 -216 163 150 272 502 55 133 -6.73 142 6.41
Enterprise Value (EV)		 3,658 4,595 5,538 4,831 6,389 5,743 6,390 7,364 9,139 14,131 20,914
Market Capitalization		 2,993 4,183 5,199 4,344 5,874 4,750 5,383 6,367 8,496 13,467 20,328
Book Value per Share		 $27.46 $29.19 $34.62 $34.96 $41.56 $43.07 $46.55 $51.61 $60.89 $64.56 $68.71
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 $8.37
Total Capital		 2,209 2,257 2,342 2,293 2,680 2,979 3,004 3,236 3,379 3,499 3,491
Total Debt		 953 966 814 763 906 1,191 1,178 1,254 1,050 1,049 958
Total Long-Term Debt		 952 816 814 762 906 1,091 1,178 1,052 1,050 959 758
Net Debt		 665 412 339 486 515 993 1,007 997 643 664 587
Capital Expenditures (CapEx)		 33 43 46 44 55 45 37 28 36 58 88
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 464 336 336 381 394 392 402 480 504 459 442
Debt-free Net Working Capital (DFNWC)		 753 890 811 657 785 590 573 737 911 844 813
Net Working Capital (NWC)		 752 740 811 657 785 490 573 535 911 754 613
Net Nonoperating Expense (NNE)		 72 22 18 13 5.81 20 21 26 16 5.07 11
Net Nonoperating Obligations (NNO)		 665 412 339 486 515 1,003 1,019 997 643 664 587
Total Depreciation and Amortization (D&A)		 101 96 100 103 102 116 114 112 116 108 125
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% 12.62%
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% 23.24%
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% 17.52%
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 $12.94
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 37.42M
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 $12.87
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 37.63M
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 $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 36.87M
Normalized Net Operating Profit after Tax (NOPAT)		 217 210 233 289 313 271 298 320 371 421 498
Normalized NOPAT Margin		 9.84% 9.94% 10.27% 11.99% 12.60% 11.32% 11.93% 12.52% 13.04% 13.50% 14.24%
Pre Tax Income Margin		 12.48% 12.71% 13.19% 14.77% 15.94% 11.00% 13.95% 15.22% 16.27% 16.73% 17.72%
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 15.37
NOPAT to Interest Expense		 6.02 5.08 5.62 8.51 10.00 6.22 7.06 6.82 7.22 9.14 11.47
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 13.32
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 9.42
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% 7.17%
Augmented Payout Ratio		 218.79% 68.50% 35.77% 81.57% 25.64% 113.31% 141.46% 29.10% 22.68% 69.55% 103.19%

Quarterly Metrics And Ratios for Curtiss-Wright

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 36,869,530.00 36,941,164.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 36,869,530.00 36,941,164.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 3.48 4.09
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.71% 13.05% 11.41% 10.30% 4.90% 12.97% 11.70% 8.79% 14.88% 13.41% 5.41%
EBITDA Growth		 8.00% 18.42% 9.91% 7.91% -2.77% 21.61% 20.64% 11.61% 15.03% 18.08% 17.12%
EBIT Growth		 8.95% 26.84% 13.86% 11.10% -1.75% 23.42% 21.70% 10.71% 14.63% 24.01% 22.08%
NOPAT Growth		 3.90% 26.93% 17.56% 11.10% -3.02% 35.51% 18.85% 14.83% 18.11% 23.82% 15.18%
Net Income Growth		 9.96% 34.57% 22.81% 14.86% -1.70% 32.48% 21.70% 12.30% 16.25% 26.49% 24.87%
EPS Growth		 9.89% 34.46% 22.86% 15.14% -0.64% 34.67% 23.64% 14.53% 19.42% 29.10% 27.59%
Operating Cash Flow Growth		 -3.43% 50.18% 0.35% 21.12% 6.70% 15.05% 22.68% 8.78% 17.07% 85.41% 32.65%
Free Cash Flow Firm Growth		 992.35% 166.04% 180.32% 103.46% -117.51% -168.37% -170.05% -146.48% 691.94% 285.08% 346.55%
Invested Capital Growth		 -0.23% -1.93% -0.95% 0.29% 4.77% 6.44% 6.81% 5.71% 0.21% -1.38% -2.65%
Revenue Q/Q Growth		 8.49% -9.24% 10.04% 1.80% 3.18% -2.26% 8.80% -0.84% 8.95% -3.52% 1.13%
EBITDA Q/Q Growth		 17.07% -30.74% 20.56% 10.39% 5.49% -13.37% 19.60% 2.13% 8.71% -11.08% 18.63%
EBIT Q/Q Growth		 20.26% -34.71% 25.45% 12.78% 6.35% -17.97% 23.70% 2.60% 10.11% -11.27% 21.77%
NOPAT Q/Q Growth		 21.67% -37.11% 31.49% 10.43% 6.21% -12.13% 15.32% 6.69% 9.24% -7.87% 7.27%
Net Income Q/Q Growth		 23.88% -36.19% 30.04% 11.75% 6.02% -14.01% 19.46% 3.12% 9.75% -6.43% 17.93%
EPS Q/Q Growth		 23.90% -36.01% 29.65% 12.02% 6.92% -13.27% 19.03% 3.76% 11.48% -6.23% 17.63%
Operating Cash Flow Q/Q Growth		 92.92% -116.16% 343.98% 59.23% 69.96% -112.87% 452.34% 41.19% 82.92% -101.60% 3,303.94%
Free Cash Flow Firm Q/Q Growth		 104.34% 6.67% -4.74% -21.50% -121.95% -316.57% 2.41% 47.91% 379.54% 30.25% 30.01%
Invested Capital Q/Q Growth		 -3.73% 4.05% 1.08% -0.95% 0.58% 5.70% 1.43% -1.97% -4.66% 4.04% 0.13%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 38.78% 35.58% 36.20% 37.33% 38.51% 36.30% 37.21% 37.68% 37.53% 36.28% 39.40%
EBITDA Margin		 25.09% 19.15% 20.98% 22.75% 23.25% 20.61% 22.66% 23.34% 23.28% 21.46% 25.17%
Operating Margin		 20.45% 14.02% 16.42% 18.14% 18.78% 16.04% 17.83% 19.13% 19.19% 17.46% 19.34%
EBIT Margin		 21.36% 15.36% 17.52% 19.40% 20.00% 16.79% 19.08% 19.75% 19.96% 18.35% 22.10%
Profit (Net Income) Margin		 15.26% 10.73% 12.67% 13.91% 14.30% 12.58% 13.81% 14.36% 14.47% 14.03% 16.36%
Tax Burden Percent		 76.43% 77.27% 78.79% 77.40% 76.93% 81.01% 77.22% 77.46% 77.40% 81.25% 77.80%
Interest Burden Percent		 93.47% 90.35% 91.84% 92.64% 92.92% 92.50% 93.71% 93.89% 93.65% 94.07% 95.14%
Effective Tax Rate		 23.57% 22.73% 21.21% 22.60% 23.07% 18.99% 22.78% 22.54% 22.60% 18.75% 22.20%
Return on Invested Capital (ROIC)		 14.95% 10.15% 12.40% 14.00% 14.82% 13.08% 14.08% 15.71% 16.67% 15.65% 16.69%
ROIC Less NNEP Spread (ROIC-NNEP)		 14.59% 10.07% 12.15% 13.87% 14.63% 12.62% 14.14% 15.12% 16.08% 15.44% 18.88%
Return on Net Nonoperating Assets (RNNOA)		 5.56% 4.11% 4.45% 4.47% 4.00% 3.69% 3.54% 4.06% 4.04% 4.00% 3.81%
Return on Equity (ROE)		 20.50% 14.27% 16.85% 18.47% 18.83% 16.77% 17.62% 19.77% 20.71% 19.65% 20.50%
Cash Return on Invested Capital (CROIC)		 12.70% 14.36% 13.78% 13.10% 8.82% 7.46% 7.54% 9.31% 15.67% 17.29% 19.01%
Operating Return on Assets (OROA)		 13.40% 10.02% 11.47% 12.86% 13.00% 11.28% 12.69% 13.35% 13.68% 12.95% 15.17%
Return on Assets (ROA)		 9.57% 7.00% 8.30% 9.22% 9.29% 8.45% 9.18% 9.71% 9.92% 9.90% 11.23%
Return on Common Equity (ROCE)		 20.50% 14.27% 16.85% 18.47% 18.83% 16.77% 17.62% 19.77% 20.71% 19.65% 20.50%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 15.72% 15.97% 16.34% 0.00% 16.80% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 123 77 102 112 119 105 121 129 141 130 139
NOPAT Margin		 15.63% 10.83% 12.94% 14.04% 14.45% 12.99% 13.77% 14.82% 14.86% 14.18% 15.05%
Net Nonoperating Expense Percent (NNEP)		 0.36% 0.08% 0.25% 0.13% 0.19% 0.46% -0.05% 0.59% 0.59% 0.21% -2.19%
Return On Investment Capital (ROIC_SIMPLE)		 3.64% - - - 3.40% 2.98% 3.29% 3.68% 4.03% 3.61% 3.73%
Cost of Revenue to Revenue		 61.22% 64.42% 63.80% 62.67% 61.49% 63.70% 62.79% 62.32% 62.47% 63.72% 60.60%
SG&A Expenses to Revenue		 15.78% 18.34% 16.58% 16.19% 15.60% 17.25% 16.64% 15.76% 15.48% 16.08% 17.29%
R&D to Revenue		 2.55% 3.22% 2.82% 2.60% 3.13% 2.86% 2.66% 2.69% 2.69% 2.65% 2.72%
Operating Expenses to Revenue		 18.33% 21.56% 19.78% 19.20% 19.72% 20.26% 19.38% 18.55% 18.34% 18.82% 20.06%
Earnings before Interest and Taxes (EBIT)		 168 110 137 155 165 135 167 172 189 168 204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 197 137 165 182 192 166 199 203 220 196 233
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.65 4.11 4.22 5.05 5.50 4.67 6.79 8.09 8.02 9.54 10.11
Price to Tangible Book Value (P/TBV)		 40.08 34.25 30.35 33.61 75.98 39.51 41.52 71.40 65.85 58.34 48.09
Price to Revenue (P/Rev)		 2.99 3.34 3.45 4.08 4.31 3.72 5.57 6.06 5.81 6.96 7.66
Price to Earnings (P/E)		 23.97 26.14 26.43 30.93 33.25 27.80 40.79 43.99 41.98 49.14 51.72
Dividend Yield		 0.36% 0.31% 0.30% 0.25% 0.23% 0.26% 0.18% 0.17% 0.17% 0.14% 0.13%
Earnings Yield		 4.17% 3.83% 3.78% 3.23% 3.01% 3.60% 2.45% 2.27% 2.38% 2.04% 1.93%
Enterprise Value to Invested Capital (EV/IC)		 3.08 3.39 3.53 4.26 4.54 3.85 5.70 6.48 6.70 7.93 8.76
Enterprise Value to Revenue (EV/Rev)		 3.21 3.58 3.67 4.28 4.53 3.95 5.76 6.28 5.98 7.13 7.79
Enterprise Value to EBITDA (EV/EBITDA)		 14.49 16.09 16.57 19.40 20.95 18.01 25.80 27.93 26.54 31.45 33.42
Enterprise Value to EBIT (EV/EBIT)		 17.77 19.51 19.92 23.15 24.93 21.40 30.59 33.18 31.54 36.98 38.87
Enterprise Value to NOPAT (EV/NOPAT)		 24.64 27.08 27.43 31.89 34.46 28.99 41.70 44.80 42.27 49.49 52.92
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.40 21.24 22.34 25.11 25.96 23.01 33.03 35.81 32.51 38.03 39.48
Enterprise Value to Free Cash Flow (EV/FCFF)		 24.20 23.40 25.53 32.58 52.68 53.22 78.16 71.53 42.82 45.53 45.46
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.45 0.44 0.43 0.42 0.43 0.37 0.35 0.38 0.38 0.36 0.35
Long-Term Debt to Equity		 0.45 0.40 0.39 0.39 0.39 0.37 0.35 0.38 0.30 0.29 0.27
Financial Leverage		 0.38 0.41 0.37 0.32 0.27 0.29 0.25 0.27 0.25 0.26 0.20
Leverage Ratio		 2.10 2.02 2.00 1.99 2.01 1.94 1.92 1.99 2.05 1.97 1.94
Compound Leverage Factor		 1.97 1.83 1.84 1.84 1.87 1.79 1.80 1.87 1.92 1.85 1.85
Debt to Total Capital		 31.09% 30.61% 29.92% 29.64% 29.98% 27.25% 26.11% 27.69% 27.44% 26.68% 25.69%
Short-Term Debt to Total Capital		 0.00% 2.62% 2.57% 2.54% 2.57% 0.00% 0.00% 0.00% 5.73% 5.57% 5.37%
Long-Term Debt to Total Capital		 31.09% 27.99% 27.36% 27.10% 27.41% 27.25% 26.11% 27.69% 21.71% 21.11% 20.32%
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		 68.91% 69.39% 70.08% 70.36% 70.02% 72.75% 73.89% 72.31% 72.56% 73.32% 74.31%
Debt to EBITDA		 1.67 1.61 1.57 1.54 1.55 1.36 1.30 1.28 1.22 1.17 1.12
Net Debt to EBITDA		 1.02 1.09 1.00 0.89 0.98 1.04 0.85 0.98 0.74 0.75 0.56
Long-Term Debt to EBITDA		 1.67 1.47 1.44 1.41 1.42 1.36 1.30 1.28 0.96 0.93 0.89
Debt to NOPAT		 2.83 2.71 2.61 2.54 2.56 2.19 2.10 2.05 1.94 1.84 1.78
Net Debt to NOPAT		 1.73 1.84 1.66 1.46 1.62 1.67 1.37 1.57 1.19 1.18 0.89
Long-Term Debt to NOPAT		 2.83 2.48 2.38 2.32 2.34 2.19 2.10 2.05 1.53 1.46 1.41
Altman Z-Score		 4.25 4.65 4.76 5.20 5.19 5.06 6.51 6.89 6.62 7.84 8.40
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		 2.13 2.02 2.05 1.98 1.69 1.89 1.95 1.75 1.44 1.52 1.60
Quick Ratio		 1.41 1.30 1.34 1.32 1.11 1.19 1.26 1.09 0.93 0.99 1.06
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 130 138 132 103 -23 -94 -92 -48 134 175 227
Operating Cash Flow to CapEx		 7,155.90% -379.83% 1,014.90% 1,311.88% 1,416.48% -253.80% 697.65% 1,149.35% 958.70% -49.10% 617.05%
Free Cash Flow to Firm to Interest Expense		 11.82 13.08 11.74 9.06 -1.94 -9.32 -8.76 -4.58 11.19 17.59 22.91
Operating Cash Flow to Interest Expense		 25.76 -4.32 9.93 15.54 25.81 -3.82 12.98 18.39 29.40 -0.57 18.25
Operating Cash Flow Less CapEx to Interest Expense		 25.40 -5.45 8.95 14.35 23.99 -5.33 11.12 16.79 26.34 -1.73 15.30
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.63 0.65 0.65 0.66 0.65 0.67 0.66 0.68 0.69 0.71 0.69
Accounts Receivable Turnover		 3.91 3.91 3.84 3.74 3.98 3.81 3.72 3.68 3.96 3.78 3.73
Inventory Turnover		 3.58 3.38 3.41 3.46 3.74 3.57 3.54 3.46 3.80 3.72 3.56
Fixed Asset Turnover		 8.42 8.74 9.01 9.27 9.29 9.46 9.63 9.72 9.70 9.89 9.79
Accounts Payable Turnover		 6.97 8.28 8.22 8.90 8.01 8.57 8.53 8.57 7.88 8.80 8.33
Days Sales Outstanding (DSO)		 93.39 93.31 95.17 97.56 91.67 95.86 98.21 99.18 92.20 96.54 97.84
Days Inventory Outstanding (DIO)		 101.93 107.91 107.01 105.52 97.53 102.12 103.10 105.37 96.08 98.16 102.63
Days Payable Outstanding (DPO)		 52.38 44.06 44.40 41.00 45.54 42.57 42.81 42.59 46.31 41.47 43.83
Cash Conversion Cycle (CCC)		 142.94 157.16 157.78 162.09 143.65 155.41 158.49 161.96 141.96 153.22 156.65
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,972 3,092 3,126 3,096 3,114 3,291 3,338 3,273 3,120 3,246 3,250
Invested Capital Turnover		 0.96 0.94 0.96 1.00 1.03 1.01 1.02 1.06 1.12 1.10 1.11
Increase / (Decrease) in Invested Capital		 -6.73 -61 -30 8.81 142 199 213 177 6.41 -45 -88
Enterprise Value (EV)		 9,139 10,492 11,045 13,194 14,131 12,680 19,040 21,200 20,914 25,727 28,473
Market Capitalization		 8,496 9,780 10,378 12,589 13,467 11,948 18,413 20,457 20,328 25,113 27,993
Book Value per Share		 $60.89 $62.22 $64.19 $65.03 $64.56 $67.96 $71.95 $67.13 $68.71 $71.38 $74.98
Tangible Book Value per Share		 $5.54 $7.46 $8.93 $9.78 $4.67 $8.03 $11.77 $7.60 $8.37 $11.67 $15.76
Total Capital		 3,379 3,430 3,508 3,540 3,499 3,518 3,670 3,498 3,491 3,589 3,727
Total Debt		 1,050 1,050 1,050 1,049 1,049 959 958 969 958 958 957
Total Long-Term Debt		 1,050 960 960 959 959 959 958 969 758 758 757
Net Debt		 643 712 667 605 664 732 627 743 587 614 480
Capital Expenditures (CapEx)		 3.95 12 11 14 21 15 20 17 37 12 29
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 504 631 647 612 459 620 642 600 442 568 563
Debt-free Net Working Capital (DFNWC)		 911 969 1,029 1,055 844 846 973 826 813 912 1,040
Net Working Capital (NWC)		 911 879 939 965 754 846 973 826 613 712 840
Net Nonoperating Expense (NNE)		 2.94 0.74 2.09 0.99 1.26 3.33 -0.35 3.95 3.68 1.42 -12
Net Nonoperating Obligations (NNO)		 643 712 667 605 664 732 627 743 587 614 480
Total Depreciation and Amortization (D&A)		 29 27 27 27 27 31 31 31 31 28 28
Debt-free, Cash-free Net Working Capital to Revenue		 17.70% 21.55% 21.50% 19.84% 14.69% 19.28% 19.41% 17.79% 12.62% 15.75% 15.42%
Debt-free Net Working Capital to Revenue		 32.00% 33.10% 34.22% 34.24% 27.03% 26.33% 29.44% 24.47% 23.24% 25.27% 28.47%
Net Working Capital to Revenue		 32.00% 30.02% 31.23% 31.32% 24.15% 26.33% 29.44% 24.47% 17.52% 19.73% 23.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.14 $2.00 $2.60 $2.91 $3.10 $2.69 $3.21 $3.34 $3.70 $3.47 $4.09
Adjusted Weighted Average Basic Shares Outstanding		 38.28M 38.25M 38.30M 38.21M 38.15M 37.68M 37.69M 37.43M 37.42M 36.90M 36.94M
Adjusted Diluted Earnings per Share		 $3.11 $1.99 $2.58 $2.89 $3.09 $2.68 $3.19 $3.31 $3.69 $3.46 $4.07
Adjusted Weighted Average Diluted Shares Outstanding		 38.53M 38.43M 38.50M 38.45M 38.37M 37.85M 37.90M 37.66M 37.63M 37.06M 37.12M
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		 38.21M 38.30M 38.30M 37.95M 37.66M 37.69M 37.68M 36.87M 36.87M 36.94M 36.93M
Normalized Net Operating Profit after Tax (NOPAT)		 123 77 104 115 119 106 121 129 142 130 139
Normalized NOPAT Margin		 15.63% 10.83% 13.23% 14.36% 14.45% 13.12% 13.83% 14.89% 15.00% 14.27% 15.09%
Pre Tax Income Margin		 19.96% 13.88% 16.09% 17.98% 18.58% 15.53% 17.88% 18.54% 18.69% 17.27% 21.03%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 15.31 10.37 12.26 13.59 14.12 13.33 15.90 16.37 15.75 16.87 20.57
NOPAT to Interest Expense		 11.21 7.31 9.06 9.83 10.20 10.32 11.47 12.28 11.73 13.04 14.01
EBIT Less CapEx to Interest Expense		 14.95 9.23 11.28 12.41 12.30 11.83 14.04 14.77 12.69 15.71 17.62
NOPAT Less CapEx to Interest Expense		 10.85 6.17 8.08 8.65 8.38 8.81 9.61 10.68 8.66 11.88 11.05
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 8.53% 0.00% 7.80% 7.62% 7.82% 0.00% 7.07% 7.08% 7.17% 0.00% 6.59%
Augmented Payout Ratio		 22.68% 13.35% 20.68% 44.56% 69.55% 58.64% 64.73% 101.15% 103.19% 91.02% 91.42%

Financials Breakdown Chart

Key Financial Trends

Curtiss-Wright (NYSE: CW) showed a mixed but still fundamentally solid profile in the latest quarter, with strong profitability on the income statement but weak operating cash flow in Q1 2026. Over the last four years, the company has generally delivered consistent revenue growth, expanding margins, and robust earnings, while also returning capital to shareholders and carrying a meaningful amount of debt.

What stands out most: Curtiss-Wright has built a long track record of rising revenue and profits, but cash generation can be lumpy quarter to quarter. The most recent quarter featured excellent net income, yet cash flow from operations turned negative because of a large working-capital outflow.

  • Revenue has trended higher over the multi-year period, rising from $630.9 million in Q1 2023 to $913.7 million in Q1 2026.
  • Net income also improved significantly over time, increasing from $56.8 million in Q1 2023 to $128.2 million in Q1 2026.
  • Operating income expanded from $78.6 million in Q1 2023 to $159.5 million in Q1 2026, showing stronger operating leverage.
  • Gross profit dollars increased materially, reflecting better scale and pricing power across the business.
  • Q1 2026 EPS remained strong at $3.47 basic and $3.46 diluted, despite a modest year-over-year increase in share count.
  • The company has consistently generated positive cash flow in many quarters, including $352.7 million of operating cash flow in Q4 2025 and $193.3 million in Q3 2025.
  • Curtiss-Wright continues to invest in the business, with regular capital spending on property, plant and equipment while still maintaining profitability.
  • Shareholder returns remain active, with ongoing share repurchases and a regular dividend.
  • Q1 2026 ended with $343.4 million of cash and equivalents, providing a decent liquidity cushion.
  • Balance-sheet equity rose over time, with total common equity increasing from $2.06 billion in Q1 2023 to $2.63 billion in Q1 2026.
  • Q1 2026 operating cash flow was weak at negative $5.7 million, driven by a large $169.4 million working-capital outflow.
  • The company’s total debt load remains significant, with $957.6 million of long-term debt and $200 million of short-term debt in Q1 2026.
  • Leverage increased versus Q3 2025, when short-term debt was zero and long-term debt was lower, suggesting more reliance on borrowings.
  • Intangible assets and goodwill make up a large portion of the asset base, which can add balance-sheet risk if acquisitions underperform.

Quarter-to-quarter trend notes: Q1 2026 revenue rose year over year, but operating income and net income were slightly below Q4 2025’s elevated levels. The bigger issue was cash conversion: despite strong earnings, the company used cash in operations because receivables, inventories, or other working-capital items absorbed cash.

Bottom line: Curtiss-Wright looks like a high-quality industrial/defense name with a strong earnings trend and steady margin improvement over the last several years. The main watch item for investors is cash flow consistency and debt management. If working capital normalizes, the stock’s earnings power could translate more cleanly into free cash flow.

08/09/26 08:42 PM ETAI Generated. May Contain Errors.

Curtiss-Wright Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Curtiss-Wright's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Curtiss-Wright's net income appears to be on an upward trend, with a most recent value of $484.23 million in 2025, rising from $145.46 million in 2015. The previous period was $404.98 million in 2024. View Curtiss-Wright's forecast to see where analysts expect Curtiss-Wright to go next.

Curtiss-Wright's total operating income in 2025 was $633.52 million, based on the following breakdown:
  • Total Gross Profit: $1.30 billion
  • Total Operating Expenses: $668.01 million

Over the last 10 years, Curtiss-Wright's total revenue changed from $2.21 billion in 2015 to $3.50 billion in 2025, a change of 58.6%.

Curtiss-Wright's total liabilities were at $2.69 billion at the end of 2025, a 6.0% increase from 2024, and a 55.0% increase since 2015.

In the past 10 years, Curtiss-Wright's cash and equivalents has ranged from $171.00 million in 2021 to $553.85 million in 2016, and is currently $371.35 million as of their latest financial filing in 2025.

Over the last 10 years, Curtiss-Wright's book value per share changed from 27.46 in 2015 to 68.71 in 2025, a change of 150.2%.


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Financial statements for NYSE:CW last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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