Curtiss-Wright (CW) | Financial Analysis & Statements
Curtiss-Wright Corporation Large-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
947.0M
Gross Profit
355.4M
37.53%
Operating Income
183.5M
19.37%
Net Income
137.0M
14.47%
Balance Sheet Metrics
Total Assets
5.2B
Total Liabilities
2.7B
Shareholders Equity
2.5B
Debt to Equity
1.06
Cash Flow Metrics
Operating Cash Flow
307.3M
Free Cash Flow
315.1M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Curtiss-Wright Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 3.5B | 3.1B | 2.8B | 2.6B | 2.5B |
| Cost of Goods Sold | 2.2B | 2.0B | 1.8B | 1.6B | 1.6B |
| Gross Profit | 1.3B | 1.2B | 1.1B | 954.6M | 927.8M |
| Gross Margin % | 37.2% | 37.0% | 37.5% | 37.3% | 37.1% |
| Operating Expenses | |||||
| Research & Development | 95.2M | 91.6M | 85.8M | 80.8M | 88.5M |
| Selling, General & Administrative | 568.3M | 518.9M | 496.8M | 445.7M | 443.1M |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 663.5M | 610.5M | 582.6M | 526.5M | 531.6M |
| Operating Income | 638.0M | 543.0M | 484.6M | 428.1M | 396.2M |
| Operating Margin % | 18.2% | 17.4% | 17.0% | 16.7% | 15.8% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 43.1M | 44.9M | 51.4M | 47.0M | 40.2M |
| Other Non-Operating Income | 25.1M | 23.9M | 29.9M | 8.1M | -7.0M |
| Pre-tax Income | 620.0M | 522.1M | 463.1M | 389.2M | 349.0M |
| Income Tax | 135.8M | 117.1M | 108.6M | 94.8M | 86.1M |
| Effective Tax Rate % | 21.9% | 22.4% | 23.4% | 24.4% | 24.7% |
| Net Income | 484.2M | 405.0M | 354.5M | 294.3M | 262.8M |
| Net Margin % | 13.8% | 13.0% | 12.5% | 11.5% | 10.5% |
| Key Metrics | |||||
| EBITDA | 792.5M | 689.0M | 630.6M | 552.9M | 522.7M |
| EPS (Basic) | $12.94 | $10.61 | $9.20 | $7.67 | $6.61 |
| EPS (Diluted) | $12.87 | $10.55 | $0.79 | $7.62 | $6.58 |
| Basic Shares Outstanding | 37417000 | 38153000 | 38283000 | 38386000 | 40417000 |
| Diluted Shares Outstanding | 37417000 | 38153000 | 38283000 | 38386000 | 40417000 |
Income Statement Trend
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Curtiss-Wright Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 371.3M | 385.0M | 406.9M | 257.0M | 171.0M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 526.3M | 479.8M | 427.8M | 412.7M | 362.0M |
| Inventory | 615.1M | 541.4M | 510.0M | 483.1M | 411.6M |
| Other Current Assets | 99.7M | 88.1M | 67.5M | 52.6M | 67.1M |
| Total Current Assets | 2.0B | 1.8B | 1.7B | 1.5B | 1.3B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 198.6M | 169.4M | 141.4M | 153.9M | 143.6M |
| Goodwill | 3.9B | 3.9B | 3.7B | 3.7B | 3.5B |
| Intangible Assets | 532.4M | 596.8M | 557.6M | 620.9M | 538.1M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 63.6M | 56.0M | 51.4M | 47.6M | 34.6M |
| Total Non-Current Assets | 3.2B | 3.1B | 2.9B | 2.9B | 2.8B |
| Total Assets | 5.2B | 5.0B | 4.6B | 4.4B | 4.1B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 310.3M | 247.2M | 243.8M | 266.5M | 211.6M |
| Short-term Debt | 231.7M | 119.8M | 30.6M | 232.4M | 25.4M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 37.8M | 31.7M | 20.0M | 19.7M | 51.7M |
| Total Current Liabilities | 1.4B | 1.1B | 806.5M | 981.0M | 734.9M |
| Non-Current Liabilities | |||||
| Long-term Debt | 936.4M | 1.1B | 1.2B | 1.2B | 1.2B |
| Deferred Tax Liabilities | 154.0M | 140.7M | 132.3M | 123.0M | 147.3M |
| Other Non-Current Liabilities | 120.4M | 124.8M | 105.1M | 108.0M | 112.1M |
| Total Non-Current Liabilities | 1.3B | 1.4B | 1.5B | 1.5B | 1.5B |
| Total Liabilities | 2.7B | 2.5B | 2.3B | 2.5B | 2.3B |
| Equity | |||||
| Common Stock | 49.2M | 49.2M | 49.2M | 49.2M | 49.2M |
| Retained Earnings | 4.3B | 3.9B | 3.5B | 3.2B | 2.9B |
| Treasury Stock | 1.8B | 1.4B | 1.1B | 1.1B | 1.1B |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 2.5B | 2.4B | 2.3B | 2.0B | 1.8B |
| Key Metrics | |||||
| Total Debt | 1.2B | 1.2B | 1.2B | 1.4B | 1.2B |
| Working Capital | 612.9M | 753.6M | 910.5M | 535.0M | 572.9M |
Balance Sheet Composition
Curtiss-Wright Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 484.2M | 405.0M | 354.5M | 294.3M | 262.8M |
| Depreciation & Amortization | 124.8M | 107.7M | 116.2M | 112.0M | 114.4M |
| Stock-Based Compensation | 21.5M | 18.9M | 16.8M | 15.4M | 13.4M |
| Working Capital Changes | -76.9M | 4.3M | -51.0M | -145.8M | -29.0M |
| Operating Cash Flow | 569.1M | 528.3M | 439.4M | 249.2M | 347.8M |
| Investing Activities | |||||
| Capital Expenditures | -88.4M | -57.8M | -35.5M | -28.4M | -37.1M |
| Acquisitions | -9.6M | -225.5M | 0 | -287.5M | -5.3M |
| Investment Purchases | - | 0 | 0 | -10.0M | 0 |
| Investment Sales | 7.9M | - | - | - | - |
| Investing Cash Flow | -90.1M | -283.3M | -35.5M | -325.9M | -42.4M |
| Financing Activities | |||||
| Share Repurchases | -465.0M | -250.0M | -50.1M | -56.9M | -343.1M |
| Dividends Paid | -34.7M | -31.7M | -30.2M | -28.8M | -28.7M |
| Debt Issuance | 475.1M | 21.3M | 0 | 300.0M | 0 |
| Debt Repayment | -565.1M | -21.3M | -840.6M | -1.8B | -462.0M |
| Financing Cash Flow | -590.8M | -282.8M | -922.1M | -1.7B | -740.9M |
| Free Cash Flow | 553.7M | 483.3M | 403.4M | 256.6M | 346.6M |
| Net Change in Cash | -111.8M | -37.9M | -518.2M | -1.7B | -435.5M |
Cash Flow Trend
Curtiss-Wright Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
55.86
Forward P/E
42.82
Price to Book
10.47
Price to Sales
7.59
PEG Ratio
2.90
Profitability Ratios
Profit Margin
13.84%
Operating Margin
20.32%
Return on Equity
19.43%
Return on Assets
8.22%
Financial Health
Current Ratio
1.44
Debt to Equity
46.10
Beta
0.92
Per Share Data
EPS (TTM)
$12.88
Book Value per Share
$68.74
Revenue per Share
$93.50
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| CW | 26.8B | 55.86 | 10.47 | 19.43% | 13.84% | 46.10 |
| General Electric | 297.4B | 35.35 | 15.98 | 45.43% | 17.86% | 116.53 |
| RTX | 234.7B | 33.64 | 3.69 | 11.57% | 8.03% | 57.23 |
| Boeing | 184.0B | 88.37 | 31.57 | 290.08% | 2.50% | 1,032.89 |
| Lockheed Martin | 122.1B | 25.82 | 18.92 | 76.87% | 6.69% | 338.80 |
| Howmet Aerospace | 97.2B | 66.17 | 18.47 | 30.44% | 18.27% | 60.02 |
Financial data is updated regularly. All figures are in the company's reporting currency.






