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Curtiss-Wright Corporation

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Curtiss-Wright Corporation • NYSE
$564.29 ▲ 0.28% (+1.57)
Market Cap $21.25 B
52w High $612.28
52w Low $266.88
Dividend Yield 0.93%
P/E 46.06
Volume 138.86K
Outstanding Shares 37.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $869.17M ▼ $160.415M ▼ $124.832M ▲ 14.362% ▲ $3.34 ▲ $202.828M ▲
Q2-2025 $876.576M ▲ $169.85M ▲ $121.061M ▲ 13.811% ▲ $3.21 ▲ $198.596M ▲
Q1-2025 $805.645M ▼ $163.259M ▲ $101.337M ▼ 12.578% ▼ $2.69 ▼ $166.056M ▼
Q4-2024 $824.313M ▲ $162.594M ▲ $117.852M ▲ 14.297% ▲ $3.11 ▲ $191.693M ▲
Q3-2024 $798.918M $153.36M $111.16M 13.914% $2.91 $181.722M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $225.427M ▼ $5.102B ▼ $2.573B ▲ $2.529B ▼
Q2-2025 $331.664M ▲ $5.194B ▲ $2.483B ▲ $2.712B ▲
Q1-2025 $226.459M ▼ $4.952B ▼ $2.393B ▼ $2.559B ▲
Q4-2024 $385.042M ▼ $4.986B ▲ $2.536B ▲ $2.45B ▼
Q3-2024 $443.85M $4.886B $2.395B $2.49B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $124.832M ▲ $192.838M ▲ $-16.778M ▼ $-282.342M ▼ $-106.237M ▼ $175.938M ▲
Q2-2025 $121.061M ▲ $136.585M ▲ $-11.659M ▲ $-29.061M ▲ $105.205M ▲ $117.204M ▲
Q1-2025 $101.337M ▼ $-38.765M ▼ $-24.893M ▲ $-98.578M ▲ $-158.583M ▼ $-54.538M ▼
Q4-2024 $117.852M ▲ $301.299M ▲ $-213.056M ▼ $-128.675M ▼ $-58.808M ▼ $278.028M ▲
Q3-2024 $111.16M $177.274M $-13.513M $-115.25M $61.286M $162.69M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Aerospace Defense
Aerospace Defense
 $170.00M ▲$150.00M ▼$170.00M ▲$160.00M ▼
Commercial Aerospace
Commercial Aerospace
 $100.00M ▲$90.00M ▼$100.00M ▲$110.00M ▲
General Industrial
General Industrial
 $110.00M ▲$100.00M ▼$100.00M ▲$100.00M ▲
Ground Defense
Ground Defense
 $80.00M ▲$100.00M ▲$100.00M ▲$100.00M ▲
Naval Defense
Naval Defense
 $220.00M ▲$220.00M ▲$240.00M ▲$250.00M ▲
Power Process
Power Process
 $150.00M ▲$140.00M ▼$160.00M ▲$150.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Curtiss-Wright’s income statement shows a steady, disciplined growth story. Sales have climbed each year over the last five years, and profits have grown even faster than sales. That suggests the company is not just growing, but also getting more efficient and improving its pricing power. Margins look healthier over time, with gross profit and operating profit both rising at a solid pace. Earnings and earnings per share have increased meaningfully, pointing to good cost control, benefits from scale, and a portfolio tilted toward higher-value, mission-critical products. Overall, the income statement reflects a mature industrial business that is steadily becoming more profitable, not just bigger.

Balance Sheet

Balance Sheet The balance sheet looks solid and gradually stronger. The company’s total assets have grown, indicating ongoing investment in its operations and technology. Cash levels are healthier than they were earlier in the period, even if they fluctuate a bit year to year. Debt is relatively stable and appears manageable given the company’s earnings and cash flow profile. Shareholders’ equity has moved up consistently, which is a sign of cumulative retained profits and a stronger capital base. Overall, the balance sheet suggests a business with moderate leverage, increasing financial flexibility, and no obvious signs of strain.

Cash Flow

Cash Flow Cash generation has improved clearly over the five-year period. Operating cash flow has risen in line with, and at times faster than, reported earnings, which indicates that profits are backed by real cash, not just accounting gains. Free cash flow is consistently positive and trending upward, even after funding a steady level of investment in equipment and facilities. Capital spending appears disciplined rather than aggressive, leaving room for debt reduction, dividends, buybacks, or acquisitions if management chooses. The cash flow profile fits a company that is both funding its own growth and building financial optionality over time.

Competitive Edge

Competitive Edge Curtiss-Wright operates in demanding niches—defense, aerospace, naval, and nuclear power—where reliability and safety matter more than price. That creates high barriers to entry and supports a durable moat. Many of its products are used in mission-critical roles and can be sole-sourced, which deepens customer dependence and tends to make revenue more resilient over long program lifecycles. The company benefits from long-standing relationships with major defense primes, the U.S. military, naval programs, and nuclear operators. Its mix of embedded computing, advanced materials treatments, and specialized pumps and control systems gives it a diversified yet coherent portfolio. The main risks to its position are exposure to government and defense budgets, nuclear power sentiment, and the potential loss or delay of key platforms, but the breadth of programs helps spread that risk.

Innovation and R&D

Innovation and R&D Innovation is a central part of Curtiss-Wright’s identity. The internal “Bicycle Shop” incubator underscores a structured approach to developing next-generation technologies before they are scaled commercially. The company is pushing forward in advanced embedded computing, secure defense electronics, laser-based surface treatments, and high-performance pumps for extreme environments. It is also positioning itself in future-facing areas such as small modular nuclear reactors, subsea processing for oil and gas, and next-generation aerospace platforms. These efforts, together with its proprietary technologies and patents, support differentiation and pricing power. The flip side is that the company must continually invest to stay ahead of rapid technological change and competitive offerings from larger defense and industrial players.

Summary

Putting it all together, Curtiss-Wright looks like a steadily compounding industrial and defense technology business. Revenue and profits have risen consistently, margins have improved, and cash flows are strong and increasingly robust. The balance sheet is sound, with manageable leverage and growing equity, giving the company resilience through cycles. Strategically, it occupies attractive, high-barrier niches where customers value reliability, certification, and long-term partnerships more than lowest price. Its innovation pipeline in advanced electronics, nuclear technologies, and specialized pumps and actuators provides multiple avenues for future growth. Key uncertainties revolve around government and defense spending, nuclear industry dynamics, timing of major programs, and the need to continuously execute on complex, long-cycle projects. Even so, the combination of financial stability, strong positions in mission-critical markets, and an active innovation engine gives Curtiss-Wright a solid platform for long-term value creation, assuming it manages these risks effectively.

NEWS

November 20, 2025 · 4:30 PM UTC

Curtiss-Wright Increases Share Repurchase Authorization to $550 Million and Declares Dividend of $0.24 Per Share for Common Stock

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November 10, 2025 · 4:30 PM UTC

Curtiss-Wright to Participate in Baird 2025 Global Industrial Conference

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November 5, 2025 · 4:38 PM UTC

Curtiss-Wright Reports Third Quarter 2025 Financial Results and Raises Full-year 2025 Guidance

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October 14, 2025 · 9:00 AM UTC

Curtiss-Wright Selected by American Rheinmetall to Provide Turret Drive Stabilization Systems for U.S. Army's XM30 Combat Vehicle Prototypes

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October 6, 2025 · 4:30 PM UTC

Curtiss-Wright to Announce Third Quarter 2025 Financial Results

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