Financials · CW

Curtiss-Wright Corporation (CW) financials

For the twelve months ended Sep 30, 2026, Curtiss-Wright Corporation reported $3.74B of revenue and $555.24M of net income.

Revenue, TTM
$3.74B
Revenue growth, YoY
+10.7%
Net income, TTM
$555.24M
Net income growth, YoY
+19.4%
Net margin
14.9%
Free cash flow, TTM
$589.74M
EPS, diluted, TTM
$14.99
EPS growth, YoY
+22.2%
Cash
$281.11M
Total debt
$957.14M
P/E
31.22
P/S
4.64
Market cap
$17.34B
Annual revenue$3.50B
FY2016FY2025
Annual net income$484.23M
FY2016FY2025
Annual free cash flow$553.71M
FY2016FY2025

CW revenue and earnings growth

CW revenueQ3 2026$952.59M

Quarter YoY
+9.6%
QoQ
+3.1%
FY YoY
+12.1%
5Y CAGR
+7.9%
10Y CAGR
+4.7%

CW revenue was $952.59M in fiscal Q3 2026 (ended Sep 30, 2026), up 9.6% from a year earlier and up 3.1% from the prior quarter. For the full fiscal 2025 it was $3.50B, up 12.1% from fiscal 2024. Compound annual growth was +7.9% over 5 years and +4.7% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CW net incomeQ3 2026$138.89M

Quarter YoY
+11.3%
QoQ
-8.1%
FY YoY
+19.6%
5Y CAGR
+19.2%
10Y CAGR
+12.8%

CW net income was $138.89M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.3% from a year earlier and down 8.1% from the prior quarter. For the full fiscal 2025 it was $484.23M, up 19.6% from fiscal 2024. Compound annual growth was +19.2% over 5 years and +12.8% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CW EPSQ3 2026$3.77

Quarter YoY
+13.9%
QoQ
-7.4%
FY YoY
+22.0%
5Y CAGR
+21.8%
10Y CAGR
+15.5%

CW diluted EPS was $3.77 in fiscal Q3 2026 (ended Sep 30, 2026), up 13.9% from a year earlier and down 7.4% from the prior quarter. For the full fiscal 2025 it was $12.87, up 22.0% from fiscal 2024. Compound annual growth was +21.8% over 5 years and +15.5% over 10 years.

CW free cash flowQ3 2026$140.39M

Quarter YoY
-20.2%
QoQ
-7.5%
FY YoY
+14.6%
5Y CAGR
+21.0%
10Y CAGR
+15.9%

CW free cash flow was $140.39M in fiscal Q3 2026 (ended Sep 30, 2026), down 20.2% from a year earlier and down 7.5% from the prior quarter. For the full fiscal 2025 it was $553.71M, up 14.6% from fiscal 2024. Compound annual growth was +21.0% over 5 years and +15.9% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$3.50B$3.12B$2.85B$2.56B$2.50B$2.39B$2.49B$2.41B$2.27B$2.11B
Cost of revenue$2.20B$1.97B$1.78B$1.60B$1.57B$1.55B$1.59B$1.54B$1.47B$1.37B
Gross profit$1.30B$1.15B$1.07B$954.61M$927.80M$841.23M$898.75M$871.26M$800.78M$734.69M
Research and development$95.16M$91.65M$85.76M$80.84M$88.49M$74.82M$72.52M$64.53M$61.39M$59.42M
Selling, general and admin$399.61M$373.50M$359.72M$324.09M$326.14M$303.29M$301.41M$306.47M$292.40M$265.58M
Operating income$633.52M$528.60M$484.60M$423.44M$377.13M$288.85M$403.95M$373.63M$325.12M$296.52M
Interest expense$43.15M$44.87M$51.39M$46.98M$40.24M$35.55M$31.35M$33.98M$41.47M$41.25M
Pre-tax income$620.01M$522.06M$463.07M$389.19M$348.96M$263.05M$396.46M$356.24M$299.62M$267.96M
Income tax$135.78M$117.08M$108.56M$94.85M$86.13M$61.66M$88.88M$80.49M$84.73M$78.58M
Net income$484.23M$404.98M$354.51M$294.35M$262.83M$201.39M$307.58M$275.75M$214.89M$187.33M
EPS, basic$12.94$10.61$9.26$7.67$6.50$4.83$7.20$6.28$4.86$4.22
EPS, diluted$12.87$10.55$9.20$7.62$6.47$4.80$7.15$6.22$4.80$4.15
Diluted shares37.6M38.4M38.5M38.6M40.6M42.0M43.0M44.3M44.8M45.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$371.35M$385.04M$406.87M$256.97M$171.00M$198.25M$391.03M$276.07M$475.12M$553.85M
Receivables$932.34M$835.04M$732.68M$723.30M$647.15M$588.72M$632.19M$593.75M$494.92M$463.06M
Inventory$615.10M$541.44M$510.03M$483.11M$411.57M$428.88M$424.83M$423.43M$378.87M$366.97M
Current assets$2.02B$1.85B$1.72B$1.52B$1.31B$1.30B$1.53B$1.34B$1.40B$1.41B
Goodwill$1.69B$1.68B$1.56B$1.54B$1.46B$1.46B$1.17B$1.09B$1.10B$951.06M
Total assets$5.22B$4.99B$4.62B$4.45B$4.10B$4.02B$3.76B$3.26B$3.24B$3.04B
Current liabilities$1.41B$1.10B$806.54M$981.04M$734.87M$810.38M$744.73M$687.33M$591.00M$675.26M
Short-term debt$200.00M$90.00M$0$202.50M$0$100.00M$0$243.0K$150.0K$150.67M
Long-term debt$757.88M$958.95M$1.05B$1.05B$1.05B$958.29M$760.64M$762.31M$813.99M$815.63M
Total debt$957.88M$1.05B$1.05B$1.25B$1.05B$1.06B$760.64M$762.56M$814.14M$966.30M
Total liabilities$2.69B$2.54B$2.29B$2.47B$2.28B$2.23B$1.99B$1.72B$1.71B$1.75B
Shareholders' equity$2.53B$2.45B$2.33B$1.98B$1.83B$1.79B$1.77B$1.53B$1.53B$1.29B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$643.40M$544.27M$448.09M$294.78M$387.67M$261.18M$421.40M$336.27M$388.71M$423.20M
Capital expenditures$89.69M$60.97M$44.67M$38.22M$41.11M$47.50M$69.75M$53.42M$52.70M$46.78M
Free cash flow$553.71M$483.30M$403.42M$256.56M$346.56M$213.68M$351.65M$282.86M$336.01M$376.42M
Investing cash flow-$90.12M-$283.31M-$35.52M-$325.87M-$42.40M-$532.53M-$240.04M-$255.52M-$272.33M-$42.93M
Financing cash flow-$578.30M-$271.49M-$273.40M$129.43M-$369.13M$82.08M-$68.14M-$263.64M-$213.90M-$96.14M
Dividends paid$34.73M$31.66M$30.25M$28.78M$28.66M$28.18M$28.20M$26.33M$24.74M$23.07M
Share repurchases$464.95M$250.00M$50.14M$56.87M$343.13M$200.02M$50.66M$198.59M$52.13M$105.25M
Stock-based compensation$21.52M$18.89M$16.80M$15.38M$13.45M$14.44M$13.67M$14.09M$11.57M$9.48M
Depreciation and amortization$124.82M$107.67M$116.17M$112.03M$114.38M$115.90M$102.41M$102.95M$100.00M$96.01M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY12.1%9.7%11.3%2.2%4.6%-3.9%3.2%6.2%7.7%-4.4%
Net income growth, YoY19.6%14.2%20.4%12.0%30.5%-34.5%11.5%28.3%14.7%28.8%
EPS growth, YoY22.0%14.7%20.7%17.8%34.8%-32.9%15.0%29.6%15.7%36.1%
Gross margin37.2%37.0%37.5%37.3%37.1%35.2%36.1%36.1%35.3%34.8%
Operating margin18.1%16.9%17.0%16.6%15.1%12.1%16.2%15.5%14.3%14.1%
Net margin13.8%13.0%12.5%11.5%10.5%8.4%12.4%11.4%9.5%8.9%
Free cash flow margin15.8%15.5%14.2%10.0%13.9%8.9%14.1%11.7%14.8%17.8%
Return on equity19.1%16.5%15.2%14.9%14.4%11.3%17.3%18.0%14.1%14.5%
Return on assets9.3%8.1%7.7%6.6%6.4%5.0%8.2%8.5%6.6%6.2%
Current ratio1.441.692.131.551.781.612.051.962.372.10
Debt to equity0.380.430.450.630.580.590.430.500.530.75

Source: XBRL data Curtiss-Wright Corporation files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CW peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CW$3.74B+10.7%$555.24M14.9%$17.34B
ASML€32.67B+15.6%€9.61B29.4%$581.15B
LRCX$26.13B+33.4%$8.45B32.3%$277.80B
TMO$47.35B+8.3%$7.07B14.9%$266.10B
DE$47.98B+8.0%$4.87B10.2%$185.41B
DHR$25.61B+5.5%$4.33B16.9%$166.11B
ETN$31.98B+20.1%$3.90B12.2%$137.61B
JCI$24.43B+5.1%$3.53B14.5%$85.48B
ITW$16.65B+4.8%$3.23B19.4%$81.86B

CW FAQ

9 questions
  • What is CW revenue?
    Curtiss-Wright Corporation (CW) reported $3.74B of revenue for the twelve months ended Sep 30, 2026. That is up 10.7% from the year before. Revenue for fiscal 2025 was $3.50B.
  • Is CW profitable?
    Yes. Curtiss-Wright Corporation earned $555.24M in net income for the twelve months ended Sep 30, 2026, a net margin of 14.9%.
  • How much cash and debt does CW have?
    Curtiss-Wright Corporation reported $281.11M in cash and cash equivalents and $957.14M of debt on its most recent balance sheet in SEC filings.
  • How fast is CW revenue growing?
    Curtiss-Wright Corporation's revenue changed +12.1% in fiscal 2025, to $3.50B. Its compound annual growth rate was +7.9% over 5 years and +4.7% over 10 years.
  • What is CW gross margin?
    Curtiss-Wright Corporation's gross profit was $1.42B on $3.74B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 38.1%.
  • What is CW free cash flow?
    Curtiss-Wright Corporation generated $589.74M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $708.69M less capital expenditures.
  • What is CW earnings per share?
    Diluted earnings per share were $14.99 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CW last report financial results?
    The latest statements here come from Curtiss-Wright Corporation's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this CW financial data come from?
    Quantisnow builds these statements from the structured XBRL data Curtiss-Wright Corporation files with the SEC. It is provided for information only and is not investment advice.