
Curtiss-Wright (CW) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
805.6M
Gross Profit
292.5M
36.30%
Operating Income
130.5M
16.20%
Net Income
101.3M
12.58%
EPS (Diluted)
$2.68
Balance Sheet Metrics
Total Assets
5.0B
Total Liabilities
2.4B
Shareholders Equity
2.6B
Debt to Equity
0.93
Cash Flow Metrics
Operating Cash Flow
-3.0M
Free Cash Flow
-54.5M
Revenue & Profitability Trend
Curtiss-Wright Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 3.1B | 2.8B | 2.6B | 2.5B | 2.4B |
Cost of Goods Sold | 2.0B | 1.8B | 1.6B | 1.6B | 1.6B |
Gross Profit | 1.2B | 1.1B | 954.6M | 927.8M | 841.2M |
Gross Margin % | 37.0% | 37.5% | 37.3% | 37.1% | 35.2% |
Operating Expenses | |||||
Research & Development | 91.6M | 85.8M | 80.8M | 88.5M | 74.8M |
Selling, General & Administrative | 518.9M | 496.8M | 445.7M | 443.1M | 412.8M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 610.5M | 582.6M | 526.5M | 531.6M | 487.6M |
Operating Income | 543.0M | 484.6M | 428.1M | 396.2M | 353.6M |
Operating Margin % | 17.4% | 17.0% | 16.7% | 15.8% | 14.8% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | 44.9M | 51.4M | 47.0M | 40.2M | 35.5M |
Other Non-Operating Income | 23.9M | 29.9M | 8.1M | -7.0M | -55.0M |
Pre-tax Income | 522.1M | 463.1M | 389.2M | 349.0M | 263.1M |
Income Tax | 117.1M | 108.6M | 94.8M | 86.1M | 61.7M |
Effective Tax Rate % | 22.4% | 23.4% | 24.4% | 24.7% | 23.4% |
Net Income | 405.0M | 354.5M | 294.3M | 262.8M | 201.4M |
Net Margin % | 13.0% | 12.5% | 11.5% | 10.5% | 8.4% |
Key Metrics | |||||
EBITDA | 689.0M | 630.6M | 552.9M | 522.7M | 479.2M |
EPS (Basic) | $10.61 | $9.20 | $7.67 | $6.61 | $4.83 |
EPS (Diluted) | $10.55 | $0.79 | $7.62 | $6.58 | $4.80 |
Basic Shares Outstanding | 38153000 | 38283000 | 38386000 | 40417000 | 41738000 |
Diluted Shares Outstanding | 38153000 | 38283000 | 38386000 | 40417000 | 41738000 |
Income Statement Trend
Curtiss-Wright Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 385.0M | 406.9M | 257.0M | 171.0M | 198.2M |
Short-term Investments | - | - | - | - | - |
Accounts Receivable | 479.8M | 427.8M | 412.7M | 362.0M | 361.5M |
Inventory | 541.4M | 510.0M | 483.1M | 411.6M | 428.9M |
Other Current Assets | 88.1M | 67.5M | 52.6M | 67.1M | 57.4M |
Total Current Assets | 1.8B | 1.7B | 1.5B | 1.3B | 1.3B |
Non-Current Assets | |||||
Property, Plant & Equipment | 169.4M | 141.4M | 153.9M | 143.6M | 150.9M |
Goodwill | 3.9B | 3.7B | 3.7B | 3.5B | 3.5B |
Intangible Assets | 596.8M | 557.6M | 620.9M | 538.1M | 609.6M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 56.0M | 51.4M | 47.6M | 34.6M | 34.1M |
Total Non-Current Assets | 3.1B | 2.9B | 2.9B | 2.8B | 2.7B |
Total Assets | 5.0B | 4.6B | 4.4B | 4.1B | 4.0B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 247.2M | 243.8M | 266.5M | 211.6M | 201.2M |
Short-term Debt | 119.8M | 30.6M | 232.4M | 25.4M | 127.3M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | 31.7M | 20.0M | 19.7M | 51.7M | 47.8M |
Total Current Liabilities | 1.1B | 806.5M | 981.0M | 734.9M | 810.4M |
Non-Current Liabilities | |||||
Long-term Debt | 1.1B | 1.2B | 1.2B | 1.2B | 1.1B |
Deferred Tax Liabilities | 140.7M | 132.3M | 123.0M | 147.3M | 115.0M |
Other Non-Current Liabilities | 124.8M | 105.1M | 108.0M | 112.1M | 103.2M |
Total Non-Current Liabilities | 1.4B | 1.5B | 1.5B | 1.5B | 1.4B |
Total Liabilities | 2.5B | 2.3B | 2.5B | 2.3B | 2.2B |
Equity | |||||
Common Stock | 49.2M | 49.2M | 49.2M | 49.2M | 49.2M |
Retained Earnings | 3.9B | 3.5B | 3.2B | 2.9B | 2.7B |
Treasury Stock | 1.4B | 1.1B | 1.1B | 1.1B | 743.6M |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 2.4B | 2.3B | 2.0B | 1.8B | 1.8B |
Key Metrics | |||||
Total Debt | 1.2B | 1.2B | 1.4B | 1.2B | 1.2B |
Working Capital | 753.6M | 910.5M | 535.0M | 572.9M | 490.4M |
Balance Sheet Composition
Curtiss-Wright Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 405.0M | 354.5M | 294.3M | 262.8M | 201.4M |
Depreciation & Amortization | 107.7M | 116.2M | 112.0M | 114.4M | 115.9M |
Stock-Based Compensation | 18.9M | 16.8M | 15.4M | 13.4M | 14.4M |
Working Capital Changes | 4.3M | -51.0M | -145.8M | -29.0M | -113.8M |
Operating Cash Flow | 528.3M | 439.4M | 249.2M | 347.8M | 218.8M |
Investing Activities | |||||
Capital Expenditures | -57.8M | -35.5M | -28.4M | -37.1M | -44.6M |
Acquisitions | -225.5M | 0 | -287.5M | -5.3M | -487.9M |
Investment Purchases | 0 | 0 | -10.0M | 0 | - |
Investment Sales | - | - | - | - | - |
Investing Cash Flow | -283.3M | -35.5M | -325.9M | -42.4M | -532.5M |
Financing Activities | |||||
Share Repurchases | -250.0M | -50.1M | -56.9M | -343.1M | -200.0M |
Dividends Paid | -31.7M | -30.2M | -28.8M | -28.7M | -28.2M |
Debt Issuance | 21.3M | 0 | 300.0M | 0 | 300.0M |
Debt Repayment | -21.3M | -840.6M | -1.8B | -462.0M | -570.7M |
Financing Cash Flow | -282.8M | -922.1M | -1.7B | -740.9M | -499.7M |
Free Cash Flow | 483.3M | 403.4M | 256.6M | 346.6M | 213.7M |
Net Change in Cash | -37.9M | -518.2M | -1.7B | -435.5M | -813.5M |
Cash Flow Trend
Curtiss-Wright Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
42.92
Forward P/E
43.03
Price to Book
7.07
Price to Sales
5.80
PEG Ratio
1.83
Profitability Ratios
Profit Margin
13.66%
Operating Margin
18.88%
Return on Equity
17.46%
Return on Assets
7.95%
Financial Health
Current Ratio
1.95
Debt to Equity
41.65
Beta
1.15
Per Share Data
EPS (TTM)
$11.86
Book Value per Share
$71.98
Revenue per Share
$87.31
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
cw | 19.2B | 42.92 | 7.07 | 17.46% | 13.66% | 41.65 |
General Electric | 298.7B | 40.17 | 15.60 | 39.57% | 18.64% | 103.37 |
RTX | 208.6B | 34.25 | 3.34 | 10.32% | 7.35% | 67.86 |
Boeing | 163.3B | -11.76 | -43.51 | 303.40% | -14.18% | -16.88 |
Lockheed Martin | 110.0B | 26.45 | 20.50 | 73.06% | 5.85% | 405.66 |
General Dynamics | 87.7B | 21.87 | 3.72 | 17.92% | 8.13% | 45.03 |
Financial data is updated regularly. All figures are in the company's reporting currency.