CWNYSEMisc Industrial & Commercial Machinery & EquipmentFiscal year ends December 31
CURTISS WRIGHT CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$497.11−5.21 (-1.04%)
Close on Oct 19, 2026
- Market cap
- $18.45B
- P/E (TTM)
- 34.2
- Dividend yield
- 0.19%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
37.2%+2.0 pts over 5 years
Operating margin
18.1%+6.0 pts over 5 years
Net margin
13.8%+5.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.1% | +11.0% | +7.9% | +4.7% | |
| Gross profit | +12.8% | +10.9% | +9.1% | +5.2% | |
| Operating income | +19.8% | +14.4% | +17.0% | +7.4% | |
| Net income | +19.6% | +18.0% | +19.2% | +12.8% | |
| EPS, diluted | +22.0% | +19.1% | +21.8% | +15.5% | |
| Free cash flow | +14.6% | +29.2% | +21.0% | +15.9% | |
| Dividend per share | +12.0% | +7.4% | +6.5% | +6.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 14.7% | 11.3% | 19.4% | |
| Return on assets | 6.2% | 5.2% | 9.5% | |
| Current ratio | 2.10 | 1.61 | 1.44 | |
| Debt to equity | 0.75 | 0.59 | 0.38 | |
| Net debt to EBITDA | 1.05× | 2.12× | 0.77× | |
| Interest coverage | 7.2× | 8.1× | 14.7× | |
| Inventory turnover | 3.7× | 3.6× | 3.8× | |
| Capex to revenue | 2.2% | 2.0% | 2.6% | |
| Diluted shares | 45M | 42M | 38M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Curtiss Wright generated $2.32B from operations and spent $1.59B on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
Generated
$2.32B
Used
$1.59B
Capital expenditure$274.66M17%Dividends$154.07M10%Share buybacks$1.17B73%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.8%
×Asset turnover0.69×
×Equity multiplier2.05×
=Return on equity, FY202519.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.8% | 0.69× | 2.05× | 19.4% |
| FY2024 | 13.0% | 0.65× | 2.01× | 17.0% |
| FY2023 | 12.5% | 0.63× | 2.10× | 16.5% |
| FY2022 | 11.5% | 0.60× | 2.25× | 15.5% |
| FY2021 | 10.5% | 0.62× | 2.25× | 14.5% |
| FY2020 | 8.4% | 0.61× | 2.19× | 11.3% |
| FY2019 | 12.4% | 0.71× | 2.12× | 18.6% |
| FY2018 | 11.4% | 0.74× | 2.12× | 18.0% |
| FY2017 | 9.5% | 0.72× | 2.23× | 15.2% |
| FY2016 | 8.9% | 0.70× | 2.37× | 14.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$484.23M
- Cash generatingOperating cash flow above zero$643.40M
- Return on assets improvedROA up on the prior year8.8% → 9.7%
- Earnings backed by cashOperating cash flow above net income$643.40M vs $484.23M
- Less leverageLong-term debt to assets fell19.2% → 14.5%
- Better liquidityCurrent ratio rose1.69 → 1.44
- No dilutionShare count did not rise38M → 38M
- Gross margin improvedGross margin up on the prior year36.96% → 37.20%
- More efficientAsset turnover rose0.68 → 0.70