Curtiss Wright CorpCurtiss Wright Corp
Curtiss Wright Corp

Curtiss Wright Corp

CW
Industrials·Aerospace & Defense

Curtiss-Wright Corp. engages in providing engineered products, solutions, and services mainly to the aerospace and defense markets, as well as critical technologies in demanding commercial power, process, and industrial markets. It operates through the following segments: Aerospace and Industrial, Defense Electronics, and Naval and Power. The Aerospace and Industrial segment offers engineered products and services supporting critical applications primarily across the commercial aerospace and general industrial markets, including industrial and specialty vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters, sensors, controls, and electro-mechanical actuation components used on commercial and military aircraft, and surface technology services, such as shot peening, laser peening, and engineered coatings. The Defense Electronics segment includes Commercial Off-the-Shelf (COTS) embedded computing board-level modules, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, tactical communications solutions for battlefield network management, and electronic stabilization products, primarily to the defense markets and, to a lesser extent, the commercial aerospace market. The Naval and Power segment manages solutions to the naval defense and power and process markets, including naval propulsion equipment, main coolant pumps, motors, generators, steam turbines, valves, and secondary propulsion systems, as well as a diversified offering of products for commercial nuclear power plants and nuclear equipment manufacturers, and specialized severe-service valve technologies to energy and industrial markets. The company was founded on July 5, 1929 and is headquartered in Davidson, NC.

North Carolina; U.S.A
Market cap
No dataNo data
Revenue
$3.5B+12.1% YoY
Net income
$484.2M+19.6% YoY
Free cash flow
$553.7M+14.6% YoY

Market

Listed stock
CWPriceNYSE
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Financial performance

Revenue
$3.5B+12.1% YoY
Operating income
$633.5M+19.8% YoY
Net income
$484.2M+19.6% YoY
Free cash flow
$553.7M+14.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $2.5B, 2022 $2.6B, 2023 $2.8B, 2024 $3.1B, 2025 $3.5B. Operating income: 2021 $382.7M, 2022 $423.4M, 2023 $484.6M, 2024 $528.6M, 2025 $633.5M. Net income: 2021 $267.2M, 2022 $294.3M, 2023 $354.5M, 2024 $405M, 2025 $484.2M. Free cash flow: 2021 $346.6M, 2022 $256.6M, 2023 $403.4M, 2024 $483.3M, 2025 $553.7M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
12.1%+239 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $382.7M, 2022-12-31 $423.4M, 2023-12-31 $484.6M, 2024-12-31 $528.6M, 2025-12-31 $633.5M. Net income: 2021-12-31 $267.2M, 2022-12-31 $294.3M, 2023-12-31 $354.5M, 2024-12-31 $405M, 2025-12-31 $484.2M. Free cash flow: 2021-12-31 $346.6M, 2022-12-31 $256.6M, 2023-12-31 $403.4M, 2024-12-31 $483.3M, 2025-12-31 $553.7M

Growth heatmap

2022202320242025CAGR
Revenue
+2.0%
+11.3%
+9.7%
+12.1%
+8.7%
Gross profit
+2.3%
+11.8%
+8.1%
+12.8%
+8.7%
Operating income
+10.7%
+14.4%
+9.1%
+19.8%
+13.4%
Free cash flow
-26.0%
+57.2%
+19.8%
+14.6%
+12.4%

Earnings quality

Operating cash flow
$643.4M+18.2% YoY
Net income
$484.2M+19.6% YoY
Free cash flow
$553.7M+14.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 133%, 2024-12-31 134%, 2023-12-31 126%, 2022-12-31 100%, 2021-12-31 145%. Free cash flow: 2025-12-31 114%, 2024-12-31 119%, 2023-12-31 114%, 2022-12-31 87%, 2021-12-31 130%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
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Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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