CW

MKT CAP:$27B

Curtiss-Wright Corporation

Market Cap

$27B

Industrials·Aerospace & Defense·🇺🇸 United States·NYSE

Industrials·Aerospace·🇺🇸·NYSE

Stock Price

$720.18+$147.80 (+25.82%)

Apr 24, 2026

Company Details

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three se...

CEO

Lynn Bamford

IPO Date

Mar 17, 1980

Website

www.curtisswright.com

Key Metrics TTM

Revenue

$3.5B

+12.1% YoY

Net Income

$484M

EPS (Diluted)

$12.88

Free Cash Flow

$554M

Revenue / Share

$94.11

Gross Margin

37.2%

Operating Margin

18.2%

Net Margin

13.8%

FCF Margin

15.8%

P/S

7.6x

P/E

54.8x

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 12, 2026

$3.5B+12.1%EPS $12.87

Q4 2025

Feb 12, 2026

$947M+14.9%EPS $3.69

Q3 2025

Nov 6, 2025

$869M+8.8%EPS $3.32

Q2 2025

Aug 7, 2025

$877M+11.7%EPS $3.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$559M	$201M	$61M
Q2 22	$609M	$229M	$98M
Q3 22	$631M	$232M	$108M
Q4 22	$758M	$292M	$157M
Q1 23	$631M	$221M	$79M
Q2 23	$704M	$260M	$113M
Q3 23	$724M	$281M	$133M
Q4 23	$786M	$305M	$161M
Q1 24	$713M	$254M	$100M
Q2 24	$785M	$284M	$129M
Q3 24	$799M	$298M	$145M
Q4 24	$824M	$317M	$155M
Q1 25	$806M	$292M	$129M
Q2 25	$877M	$326M	$156M
Q3 25	$869M	$327M	$166M
Q4 25	$947M	$355M	$183M

Valuation

Quarter	P/S	P/E
Q1 22	2.4x	23.7x
Q2 22	2.1x	19.7x
Q3 22	2.2x	20.9x
Q4 22	2.5x	21.5x
Q1 23	2.6x	22.0x
Q2 23	2.6x	21.7x
Q3 23	2.6x	21.5x
Q4 23	2.9x	23.3x
Q1 24	3.4x	26.3x
Q2 24	3.4x	26.4x
Q3 24	4.1x	30.8x
Q4 24	4.4x	33.7x
Q1 25	3.7x	27.8x
Q2 25	5.6x	40.8x
Q3 25	5.9x	43.0x
Q4 25	6.0x	43.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$124M	-$135M
Q2 22	$31M	$22M
Q3 22	$96M	$86M
Q4 22	$292M	$283M
Q1 23	-$92M	-$102M
Q2 23	$111M	$99M
Q3 23	$146M	$137M
Q4 23	$282M	$270M
Q1 24	-$46M	-$58M
Q2 24	$111M	$100M
Q3 24	$177M	$163M
Q4 24	$301M	$278M
Q1 25	-$39M	-$55M
Q2 25	$137M	$117M
Q3 25	$193M	$176M
Q4 25	$353M	$315M

Capital Expenditures

Quarter	CapEx
Q1 22	$11M
Q2 22	$9M
Q3 22	$9M
Q4 22	$9M
Q1 23	$11M
Q2 23	$12M
Q3 23	$9M
Q4 23	$13M
Q1 24	$12M
Q2 24	$11M
Q3 24	$15M
Q4 24	$23M
Q1 25	$16M
Q2 25	$19M
Q3 25	$17M
Q4 25	$38M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-6.3%	-2.5%
Q2 22	-2.0%	-3.0%
Q3 22	+1.6%	+0.0%
Q4 22	+13.6%	+7.0%
Q1 23	+12.8%	+10.7%
Q2 23	+15.6%	+15.7%
Q3 23	+14.9%	+13.2%
Q4 23	+3.7%	+4.1%
Q1 24	+13.0%	+11.0%
Q2 24	+11.4%	+10.9%
Q3 24	+10.3%	+10.5%
Q4 24	+4.9%	+7.1%
Q1 25	+13.0%	+10.3%
Q2 25	+11.7%	+9.8%
Q3 25	+8.8%	+7.5%
Q4 25	+14.9%	+14.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	0.7%
Q2 22	$4M	0.6%
Q3 22	$4M	0.7%
Q4 22	$3M	0.4%
Q1 23	$5M	0.8%
Q2 23	$4M	0.5%
Q3 23	$4M	0.6%
Q4 23	$4M	0.5%
Q1 24	$5M	0.7%
Q2 24	$5M	0.6%
Q3 24	$6M	0.7%
Q4 24	$4M	0.5%
Q1 25	$5M	0.7%
Q2 25	$5M	0.6%
Q3 25	$6M	0.7%
Q4 25	$5M	0.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$21M	$88M	$28M
Q2 22	$24M	$76M	$30M
Q3 22	$17M	$75M	$32M
Q4 22	$19M	$85M	$31M
Q1 23	$22M	$88M	$32M
Q2 23	$20M	$92M	$34M
Q3 23	$23M	$91M	$34M
Q4 23	$20M	$88M	$36M
Q1 24	$23M	$94M	$37M
Q2 24	$22M	$95M	$35M
Q3 24	$21M	$92M	$37M
Q4 24	$26M	$92M	$36M
Q1 25	$23M	$99M	$40M
Q2 25	$23M	$104M	$42M
Q3 25	$23M	$96M	$41M
Q4 25	$25M	$100M	$46M

Revenue Segments

Quarter	Aerospace Defense	Commercial Aerospace	General Industrial	Ground Defense	Naval Defense	Power & Process
Q1 22	$98M	$61M	$94M	$39M	$163M	$105M
Q2 22	$95M	$68M	$104M	$44M	$173M	$125M
Q3 22	$114M	$70M	$106M	$55M	$175M	$111M
Q4 22	$173M	$77M	$111M	$81M	$183M	$132M
Q1 23	$100M	$70M	$102M	$66M	$172M	$120M
Q2 23	$132M	$82M	$107M	$71M	$181M	$131M
Q3 23	$148M	$80M	$111M	$83M	$180M	$122M
Q4 23	$172M	$93M	$110M	$88M	$187M	$137M
Q1 24	$132M	$90M	$99M	$91M	$178M	$124M
Q2 24	$154M	$93M	$104M	$85M	$210M	$139M
Q3 24	$159M	$97M	$101M	$93M	$218M	$131M
Q4 24	$171M	$98M	$106M	$85M	$217M	$147M
Q1 25	$152M	$93M	$100M	$97M	$221M	$143M
Q2 25	$168M	$103M	$105M	$98M	$240M	$163M
Q3 25	$161M	$114M	$102M	$97M	$246M	$150M
Q4 25	$192M	$120M	$106M	$115M	$235M	$179M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$137M	$0	$137M
Q2 22	$171M	$0	$171M
Q3 22	$114M	$0	$114M
Q4 22	$257M	$0	$257M
Q1 23	$131M	$0	$131M
Q2 23	$159M	$0	$159M
Q3 23	$149M	$0	$149M
Q4 23	$407M	$0	$407M
Q1 24	$338M	$0	$338M
Q2 24	$383M	$0	$383M
Q3 24	$444M	$0	$444M
Q4 24	$385M	$0	$385M
Q1 25	$226M	$0	$226M
Q2 25	$332M	$0	$332M
Q3 25	$225M	$0	$225M
Q4 25	$371M	$0	$371M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	39M	-2.2%	-5.9%
Q2 22	39M	-0.0%	-5.9%
Q3 22	39M	-0.0%	-5.6%
Q4 22	39M	-0.0%	-2.3%
Q1 23	39M	-0.3%	-0.4%
Q2 23	39M	+0.1%	-0.3%
Q3 23	39M	+0.0%	-0.2%
Q4 23	39M	-0.1%	-0.3%
Q1 24	38M	-0.2%	-0.2%
Q2 24	39M	+0.2%	-0.1%
Q3 24	38M	-0.1%	-0.3%
Q4 24	38M	-0.2%	-0.3%
Q1 25	38M	-1.4%	-1.5%
Q2 25	38M	+0.1%	-1.6%
Q3 25	38M	-0.2%	-1.7%
Q4 25	37M	-1.6%	-3.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$71.7K	8K
Q2 22	$78.1K	8K
Q3 22	$80.8K	8K
Q4 22	$93.5K	8K
Q1 23	$77.9K	8K
Q2 23	$87.0K	8K
Q3 23	$89.4K	8K
Q4 23	$91.4K	9K
Q1 24	$82.9K	9K
Q2 24	$91.3K	9K
Q3 24	$92.9K	9K
Q4 24	$93.7K	9K
Q1 25	$91.6K	9K
Q2 25	$99.6K	9K
Q3 25	$98.8K	9K
Q4 25	$104.1K	9K

Revenue / Employee