Curtiss Wright vs Leonardo DRS
Curtiss Wright and Leonardo DRS are similar in size: $3.50bn and $3.65bn of revenue in their latest fiscal years. Leonardo DRS grew faster (12.8% against 12.1%). Curtiss Wright kept more of each dollar of sales as profit: a net margin of 13.8% against 7.6%. Leonardo DRS carries less debt relative to equity (12.9% against 37.8%).
| Latest fiscal year | Curtiss WrightCW, 2025 | Leonardo DRSDRS, 2025 |
|---|---|---|
| Revenue | $3.50bn | $3.65bn |
| Revenue growth | 12.1% | 12.8% |
| Net income | $484m | $278m |
| Operating margin | 18.1% | 9.5% |
| Net margin | 13.8% | 7.6% |
| Return on equity | 19.4% | 10.5% |
| Free cash flow | $554m | $227m |
| Cash | $371m | $647m |
| Total debt | $958m | $353m |
| Debt to equity | 37.8% | 12.9% |
| Dividend per share | $0.93 | — |
| Dividend yield | — | — |
| Share buybacks | $465m | $35.0m |
| Employees | — | 6,400 |
| Market value | $18.39bn | $10.38bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 75 (Strong) | 48 (Moderate) |
| Insider trades, 12 months | 1 buys, 31 sales | 1 buys, 22 sales |