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Curtiss Wright Corp (CW) stock

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NYSE: CW NYSE Aerospace & Defense Next results ~November 4, 2026

B Fundamentals grade

Curtiss Wright Corp is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$410

Cash-flow model

Base case. Range ~$300–$540 across our lower- and higher-growth cases (5.4%–15.4% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 19% above our base value.

Price used: $484.09, November 2, 2026

Curtiss Wright Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 8 selling1 purchase and 31 sales by directors and officers, last 12 monthsInsider trades
  • Funds469 adding, 386 cuttingOf 73 active managers that changed their stake, 37 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Curtiss Wright files

Where Curtiss Wright stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.65bn, up 10.5% on a year earlier, slower than 12.2% a quarter earlier. Free-cash-flow margin rose to 17.1% from 15.2% a year earlier. The diluted share count is down 2.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $393 a share, against a share price of $495. At that price, our model says the market is pricing in about 14.5% a year of cash-flow growth for five years, faster than the 7.9% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Curtiss Wright Corp's trailing-twelve-month revenue grew 10.5% year on year, with a free-cash-flow margin of 17.1%. Where it stands out: change in share count of -2.2% ranks 5 of 51 aerospace & defense companies we cover.

Our discounted-cash-flow model values the business at ~$410 per share in the base case (~$300–$540 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free-cash-flow margin near historical high: TTM FCF margin of 17.1% is in the 95th percentile of its own history.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.2% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 8 November; the share price can move sharply on the day.
  • Below peers: change in growth rate. Change in growth rate of -1.7pp ranks 44 of 57 aerospace & defense companies we cover (median +2.2pp).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$3.72 against an average estimate of $3.62: beat by 2.8%
Revenue
$924m, up 5.4% on a year earlier
Share reaction
-7.6% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
sales growth 8% to 9% (Full-Year 2026); operating income growth 11% to 13% (Full-Year 2026)
Next report
November 4, 2026; average EPS estimate $3.76

Curtiss Wright's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.7%
  • 1 week+1.6%
  • 1 month-11.3%
  • This year-12.1%
  • 1 year-18.6%
  • 5 years+280.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.7B
Operating margin
18.8%
Net margin
14.8%
EPS (TTM, diluted)
$14.53

Growth

Revenue growth
+10.5%
Change in growth rate
−1.7 pts
Share count change
−2.2%

Cash

Free cash flow (TTM)
$625M
FCF margin
17.1%
Stock pay % of revenue
0.7%

Earnings

Last results
August 6, 2026
Next results (est.)
November 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Leadership
  3. Announcement
  4. Announcement
  5. Announcement
  6. Results
  7. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Curtiss Wright Corp valuation models and calculator

What the price is pricing in

The share price implies about 13.3% a year of cash-flow growth for five years.That is faster than the 7.9% a year revenue growth Curtiss Wright has delivered.

  • Priced in13.3%
  • Last 12 months10.5%
  • 3 years a year10.3%
  • 5 years a year7.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($491.26, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$410
Price used
$491.26close November 3, 2026
Implied change
▼ 17%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Curtiss Wright Corp's free cash flow after stock-based pay with after-tax interest added back ($594M, FY2026 Q2 TTM), growing 9% and 9.7% in the next two years (forecasts, guidance and its record), then back to 10.4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$300–~$540 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Curtiss Wright Corp's free cash flow after stock-based pay ( $594M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Curtiss Wright Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.16 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$410 ~$300–$540 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$410 ~$330–$580 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$160 ~$110–$240 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$140 ~$130–$170 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$310 ~$140–$410 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Curtiss Wright Corp with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +12%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $218$300$410$555$744$988
8.5% $163$223$302$406$541$714
10% $130$177$238$317$419$551

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$65.18$94.16$117.29$98.77$137.00$113.94$136.57$165.30$221.46$353.74$550.63$484.09
Market value$3.1bn$4.2bn$5.2bn$4.4bn$5.9bn$4.8bn$5.5bn$6.4bn$8.5bn$13.6bn$20.7bn$18.0bn
+ Net debt (− = net cash)$666m$412m$339m$486m$370m$860m$880m$997m$643m$664m$587m$480m
Enterprise value$3.8bn$4.7bn$5.6bn$4.9bn$6.3bn$5.6bn$6.4bn$7.4bn$9.2bn$14.2bn$21.3bn$18.5bn
Multiples
Price / sales 1.4x2.0x2.3x1.8x2.4x2.0x2.2x2.5x3.0x4.3x5.9x4.9x
Price / earnings 21.3x22.6x24.4x15.9x19.2x23.8x21.1x21.7x24.1x33.5x42.8x33.3x
Price / free cash flow 24.4x11.3x15.6x15.5x16.8x22.4x16.0x24.9x21.2x28.1x37.4x28.8x
EV / EBITDA 9.2x11.9x13.1x10.2x12.4x13.9x13.1x13.8x15.3x22.4x28.1x23.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

75 /100

Strong moat

How hard Curtiss Wright's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 7.5% of total assets over 10 years.

  • Pricing power 13 / 20

    Gross margin has been a median 36.6%, moving by 0.9 percentage points (standard deviation) across 10 years.

  • Durability 14 / 20

    Operating margin has been a median 15.6%; its worst year was 13.8%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 13.1% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $935m and EPS of $3.76 (range $3.70 to $3.82) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $15.35 +16% $3.8bn +9%
Next $17.24 +12% $4.1bn +8%

Next year's EPS estimate has moved +0.7% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.7% on 90 days ago. In the last 30 days, 2 analysts raised Curtiss Wright Corp's forecast and 0 cut it.

Consensus EPS forecast Curtiss Wright Corp, last 90 days
$15.00 $15.50 $16.00 $16.50 $17.00 $17.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $15.24 Current fiscal year, 60 days ago: $15.29 Current fiscal year, 30 days ago: $15.29 Current fiscal year, 7 days ago: $15.32 Current fiscal year, Now: $15.35 $15.35 Next fiscal year, 90 days ago: $17.11 Next fiscal year, 60 days ago: $17.13 Next fiscal year, 30 days ago: $17.14 Next fiscal year, 7 days ago: $17.16 Next fiscal year, Now: $17.24 $17.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $15.24$17.11
60 days ago $15.29$17.13
30 days ago $15.29$17.14
7 days ago $15.32$17.16
Now $15.35$17.24

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $3.62 $3.72 +2.8%
Mar 2026 $3.30 $3.48 +5.3%
Dec 2025 $3.69 $3.79 +2.8%
Sept 2025 $3.29 $3.40 +3.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Sales Full-Year 2026 8% growth to 9% growth Non-GAAP Raised
    “Sales increased to new range of 8% to 9% growth (previously 7% to 8%), reflecting growth in the majority of Curtiss-Wright's end markets;” source
  • Total Sales Full-Year 2026 $3,768m to $3,813m Non-GAAP Raised
    “Total Sales $3,740 - $3,795 $3,768 - $3,813 8 - 9%” source
  • Diluted EPS Full-Year 2026 $15.10 to $15.40 Non-GAAP Raised
    “Diluted EPS increased to new range of $15.10 to $15.40 , now up 14% to 16% (previously $14.90 to $15.30 , up 13% to 16%); and” source
  • Operating margin Full-Year 2026 19.1% to 19.3% Non-GAAP Raised
    “Operating margin increased to new range of 19.1% to 19.3% (previously 19.0% to 19.2%), representing an increase of 50 to 70 basis points compared with the prior year;” source
  • Operating margin · Aerospace & Industrial Full-Year 2026 18.5% to 18.7% Non-GAAP
    “Aerospace & Industrial 17.0 % 17.4 % 17.9 % 18.1 % 18.5 % 18.7 % 110 - 130 bps” source
  • Operating margin · Defense Electronics Full-Year 2026 27.5% to 27.7% Non-GAAP
    “Defense Electronics 27.3 % 27.3 % 27.6 % 27.7 % 27.5 % 27.7 % 20 - 40 bps” source
Show 19 more items
  • Operating margin · Naval & Power Full-Year 2026 16.8% to 17% Non-GAAP
    “Naval & Power 15.4 % 16.3 % 16.7 % 16.9 % 16.8 % 17.0 % 50 - 70 bps” source
  • Operating income Full-Year 2026 11% growth to 13% growth Non-GAAP Raised
    “Operating income increased to new range of 11% to 13% growth (previously 9% to 12% );” source
  • FCF Full-Year 2026 $585m to $605m Non-GAAP Raised
    “FCF increased by $5 million to new range of $585 to $605 million, which continues to reflect greater than 105% FCF conversion.” source
  • Operating Income Full-Year 2026 $720m to $736m Non-GAAP Raised
    “Operating Income $712 - $729 $720 - $736 11 - 13%” source
  • Sales · Aerospace & Industrial Full-Year 2026 $1,058m to $1,070m Non-GAAP
    “Aerospace & Industrial $ 977 $ - $ 977 $ 1,058 $ 1,070 $ - $ 1,058 $ 1,070 8 - 10%” source
  • Sales · Defense Electronics Full-Year 2026 $1,055m to $1,075m Non-GAAP
    “Defense Electronics 1,019 - 1,019 1,055 1,075 - 1,055 1,075 4 - 6%” source
  • Sales · Naval & Power Full-Year 2026 $1,655m to $1,668m Non-GAAP
    “Naval & Power 1,503 - 1,503 1,655 1,668 - 1,655 1,668 10 - 11%” source
  • Operating income · Aerospace & Industrial Full-Year 2026 $195m to $200m Non-GAAP
    “Aerospace & Industrial $ 166 $ 4 $ 170 $ 189 $ 194 $ 6 $ 195 $ 200 15 - 17%” source
  • Operating income · Defense Electronics Full-Year 2026 $291m to $298m Non-GAAP
    “Defense Electronics 278 - 278 291 298 - 291 298 5 - 7%” source
  • Operating income · Naval & Power Full-Year 2026 $278m to $283m Non-GAAP
    “Naval & Power 231 13 245 277 282 1 278 283 14 - 16%” source
  • Effective tax rate Full-Year 2026 about 21.5% Non-GAAP
    “Effective tax rate 21.9 % 21.9 % 21.5 % 21.5 % 21.5 % 21.5 %” source
  • Sales Growth · Aerospace Defense Full-Year 2026 12% growth to 14% growth Non-GAAP Raised
    “Aerospace Defense 11 - 13% 12 - 14% 20%” source
  • Sales Growth · Ground Defense Full-Year 2026 -6% growth to -4% growth Non-GAAP Maintained
    “Ground Defense (4 - 6%) (4 - 6%) 10%” source
  • Sales Growth · Naval Defense Full-Year 2026 7% growth to 9% growth Non-GAAP Raised
    “Naval Defense 6 - 8% 7 - 9% 27%” source
  • Sales Growth · Commercial Aerospace Full-Year 2026 10% growth to 12% growth Non-GAAP Maintained
    “Commercial Aerospace 10 - 12% 10 - 12% 13%” source
  • Sales Growth · Total Aerospace & Defense Full-Year 2026 7% growth to 9% growth Non-GAAP Raised
    “Total Aerospace & Defense 6 - 8% 7 - 9% 70%” source
  • Sales Growth · Power & Process Full-Year 2026 13% growth to 15% growth Non-GAAP Maintained
    “Power & Process 13 - 15% 13 - 15% 19%” source
  • Sales Growth · General Industrial Full-Year 2026 1% growth to 3% growth Non-GAAP Raised
    “General Industrial Flat 1 - 3% 11%” source
  • Sales Growth · Total Commercial Full-Year 2026 8% growth to 10% growth Non-GAAP Maintained
    “Total Commercial 8 - 10% 8 - 10% 30%” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Curtiss Wright Corp's revenue by +9.0% next year and +9.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.3%, weight 67%) and the company's own record (+10.4%, weight 33%) . How the weights are set.

Analyst recommendations

9 analysts, Oct 2026
Buy667%
Hold333%
Sell00%

Monthly trend

  1. Oct 20261539
  2. Sep 20261539
  3. Aug 20261427
  4. Jul 20261427

Counts of recommendations published by analysts covering Curtiss Wright Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.9%
of tradable shares
Days to cover
2.06
at average volume
Short interest, 1 month
+22%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
0.4%
of shares
Employees
9,200
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −18.6%

$594.78 on October 31, 2025 to $484.09

ThenNowEffect
Revenue (last 12 months) $3.3bn $3.7bn +10.5%
Net margin 13.7% 14.8% +8.5%
P/E multiple 50.2x 33.3x −33.6%
Share count 38m 37m +2.3%

Biggest factor: p/e multiple.

Last 3 years +139.2%

$202.34 on November 3, 2023 to $484.09

ThenNowEffect
Revenue (last 12 months) $2.7bn $3.7bn +34.2%
Net margin 11.8% 14.8% +25.8%
P/E multiple 24.4x 33.3x +36.8%
Share count 39m 37m +3.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CW+20%+21%+34%+60%+56%−12%
Industry peers (median)−6%−11%+13%+22%+16%−11%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CW58%50%67%67%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CW−15%−21%−12%−11%−26%−41%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 49% from February 5, 2020 to March 23, 2020. Getting back needed a 95% gain, reached on February 28, 2022, 707 days after the low.

Price behaviour

52-week range
$464.94 – $792.39
From 52-week high
−38.9%
vs 50-day average
−9.9%
vs 200-day average
−27.5%
Volatility (1 year)
36%
Beta vs S&P 500
1.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±4.5%
After a week
9 up, 3 down
typical move ±6.2%
After a month
7 up, 5 down
typical move ±7.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −7.6% +0.5% −8.0% −24.3%
May 7, 2026 −1.8% +0.5% +1.1% −2.9%
February 12, 2026 +7.9% −1.5% +11.5% +7.8%
February 13, 2025 −5.5% +1.1% −7.5% −3.8%
October 31, 2024 −1.4% −1.5% +6.7% +4.2%
August 8, 2024 +8.6% +2.8% +12.7% +11.1%
May 2, 2024 +4.4% +2.2% +7.8% +9.6%
February 15, 2024 −0.4% +0.2% +1.8% +4.3%
November 2, 2023 +1.7% +2.8% +2.7% +8.7%
August 3, 2023 +6.8% −0.7% +8.1% +10.2%
May 4, 2023 −4.0% +1.1% −3.9% −3.6%
February 22, 2023 +3.7% +0.4% +2.3% −2.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Curtiss Wright Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Curtiss Wright Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Curtiss Wright Corp
$2.5B $3B $3.5B $4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.8B Revenue (TTM), FY23 Q4: $2.8B Revenue (TTM), FY24 Q1: $2.9B Revenue (TTM), FY24 Q2: $3B Revenue (TTM), FY24 Q3: $3.1B Revenue (TTM), FY24 Q4: $3.1B Revenue (TTM), FY25 Q1: $3.2B Revenue (TTM), FY25 Q2: $3.3B Revenue (TTM), FY25 Q3: $3.4B Revenue (TTM), FY25 Q4: $3.5B Revenue (TTM), FY26 Q1: $3.6B Revenue (TTM), FY26 Q2: $3.7B $3.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.8B
FY23 Q4 $2.8B
FY24 Q1 $2.9B
FY24 Q2 $3B
FY24 Q3 $3.1B
FY24 Q4 $3.1B
FY25 Q1 $3.2B
FY25 Q2 $3.3B
FY25 Q3 $3.4B
FY25 Q4 $3.5B
FY26 Q1 $3.6B
FY26 Q2 $3.7B
Revenue growth, TTM YoY Curtiss Wright Corp
8% 10% 12% 14% 16% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 14.5% Revenue growth, TTM YoY, FY23 Q4: 11.3% Revenue growth, TTM YoY, FY24 Q1: 11.4% Revenue growth, TTM YoY, FY24 Q2: 10.5% Revenue growth, TTM YoY, FY24 Q3: 9.4% Revenue growth, TTM YoY, FY24 Q4: 9.7% Revenue growth, TTM YoY, FY25 Q1: 9.8% Revenue growth, TTM YoY, FY25 Q2: 9.9% Revenue growth, TTM YoY, FY25 Q3: 9.5% Revenue growth, TTM YoY, FY25 Q4: 12.1% Revenue growth, TTM YoY, FY26 Q1: 12.2% Revenue growth, TTM YoY, FY26 Q2: 10.5% 10.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 14.5%
FY23 Q4 11.3%
FY24 Q1 11.4%
FY24 Q2 10.5%
FY24 Q3 9.4%
FY24 Q4 9.7%
FY25 Q1 9.8%
FY25 Q2 9.9%
FY25 Q3 9.5%
FY25 Q4 12.1%
FY26 Q1 12.2%
FY26 Q2 10.5%
Operating margin (TTM) Curtiss Wright Corp
16.5% 17% 17.5% 18% 18.5% 19% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 17.1% Operating margin (TTM), FY23 Q4: 17.0% Operating margin (TTM), FY24 Q1: 17.3% Operating margin (TTM), FY24 Q2: 17.4% Operating margin (TTM), FY24 Q3: 17.3% Operating margin (TTM), FY24 Q4: 16.9% Operating margin (TTM), FY25 Q1: 17.4% Operating margin (TTM), FY25 Q2: 17.7% Operating margin (TTM), FY25 Q3: 18.0% Operating margin (TTM), FY25 Q4: 18.1% Operating margin (TTM), FY26 Q1: 18.4% Operating margin (TTM), FY26 Q2: 18.8% 18.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 17.1%
FY23 Q4 17.0%
FY24 Q1 17.3%
FY24 Q2 17.4%
FY24 Q3 17.3%
FY24 Q4 16.9%
FY25 Q1 17.4%
FY25 Q2 17.7%
FY25 Q3 18.0%
FY25 Q4 18.1%
FY26 Q1 18.4%
FY26 Q2 18.8%
FCF margin (TTM) Curtiss Wright Corp
14% 15% 16% 17% 18% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 14.8% FCF margin (TTM), FY23 Q4: 14.2% FCF margin (TTM), FY24 Q1: 15.3% FCF margin (TTM), FY24 Q2: 14.9% FCF margin (TTM), FY24 Q3: 15.4% FCF margin (TTM), FY24 Q4: 15.5% FCF margin (TTM), FY25 Q1: 15.1% FCF margin (TTM), FY25 Q2: 15.2% FCF margin (TTM), FY25 Q3: 15.3% FCF margin (TTM), FY25 Q4: 15.8% FCF margin (TTM), FY26 Q1: 16.4% FCF margin (TTM), FY26 Q2: 17.1% 17.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 14.8%
FY23 Q4 14.2%
FY24 Q1 15.3%
FY24 Q2 14.9%
FY24 Q3 15.4%
FY24 Q4 15.5%
FY25 Q1 15.1%
FY25 Q2 15.2%
FY25 Q3 15.3%
FY25 Q4 15.8%
FY26 Q1 16.4%
FY26 Q2 17.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Curtiss Wright took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $3.5B
  2. Cost of revenue $2.2B · 62.8%
  3. Gross profit $1.3B · 37.2%
  4. Research and development $95.2M · 2.7%
  5. Selling, general and admin $400M · 11.4%
  6. Other operating costs $173M · 5.0%
  7. Operating income $634M · 18.1%
  8. Income tax $136M · 3.9%
  9. Net income $484M · 13.8%

Shares of revenue. Source: Curtiss Wright's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,810 1,855 2,017 1,823 2,118 2,243 2,206 2,109 2,271 2,412 2,488 2,391 2,501 2,557 2,845 3,121 3,498 3,654
Gross profit 596 606 657 612 736 777 783 735 801 871 899 841 928 955 1,067 1,154 1,302 1,378
EBITDA 246 247 275 275 359 401 411 393 425 477 506 405 492 535 601 636 758 806
Operating income 169 167 187 181 237 282 311 297 325 374 404 289 377 423 485 529 634 686
Net income 95 102 126 114 138 113 145 187 215 276 308 201 263 294 355 405 484 541
Diluted EPS $2.08 $2.21 $2.69 $2.41 $2.88 $2.31 $3.05 $4.15 $4.80 $6.22 $7.15 $4.80 $6.47 $7.62 $9.20 $10.55 $12.87 $14.53
Growth (year on year)
Revenue −1.1% +2.5% +8.7% −9.6% +16.2% +5.9% −1.7% −4.4% +7.7% +6.2% +3.2% −3.9% +4.6% +2.2% +11.3% +9.7% +12.1% +10.5%
EBITDA −9.2% +0.3% +11.6% +0.0% +30.3% +11.9% +2.5% −4.6% +8.3% +12.1% +6.3% −20.1% +21.4% +8.9% +12.2% +5.9% +19.2% +14.9%
Operating income −13.9% −1.6% +12.1% −2.9% +30.7% +19.1% +10.0% −4.5% +9.6% +14.9% +8.1% −28.5% +30.6% +12.3% +14.4% +9.1% +19.8% +17.3%
Net income −13.0% +7.3% +23.7% −9.9% +21.2% −17.9% +28.3% +28.8% +14.7% +28.3% +11.5% −34.5% +30.5% +12.0% +20.4% +14.2% +19.6% +19.9%
Diluted EPS −13.7% +6.3% +21.7% −10.4% +19.5% −19.8% +32.0% +36.1% +15.7% +29.6% +15.0% −32.9% +34.8% +17.8% +20.7% +14.7% +22.0% +22.6%
Margins
Gross margin 32.9% 32.7% 32.6% 33.6% 34.7% 34.6% 35.5% 34.8% 35.3% 36.1% 36.1% 35.2% 37.1% 37.3% 37.5% 37.0% 37.2% 37.7%
EBITDA margin 13.6% 13.3% 13.6% 15.1% 16.9% 17.9% 18.7% 18.6% 18.7% 19.8% 20.4% 16.9% 19.7% 20.9% 21.1% 20.4% 21.7% 22.0%
Operating margin 9.4% 9.0% 9.3% 9.9% 11.2% 12.6% 14.1% 14.1% 14.3% 15.5% 16.2% 12.1% 15.1% 16.6% 17.0% 16.9% 18.1% 18.8%
Net margin 5.3% 5.5% 6.3% 6.2% 6.5% 5.1% 6.6% 8.9% 9.5% 11.4% 12.4% 8.4% 10.5% 11.5% 12.5% 13.0% 13.8% 14.8%
Free-cash-flow margin 6.7% 6.4% 5.8% 3.8% 7.8% 11.8% 5.8% 17.8% 14.8% 11.7% 14.1% 8.9% 13.9% 10.0% 14.2% 15.5% 15.8% 17.1%
Cash flow
Cash from operations 197 171 202 152 238 332 162 423 389 336 421 261 388 295 448 544 643 721
Capital spending 76 53 84 83 72 67 36 47 53 53 70 47 41 38 45 61 90 96
Free cash flow 121 119 118 70 166 265 127 376 336 283 352 214 347 257 403 483 554 625
Stock-based pay 15 13 10 9 7 9 9 9 12 14 14 14 13 15 17 19 22 25
Free cash flow after stock pay 106 105 108 60 158 256 117 367 324 269 338 199 333 241 387 464 532 600
Balance sheet
Cash 65 68 194 112 175 450 289 554 475 276 391 198 171 257 407 385 371 477
Total debt 465 397 586 880 960 954 954 966 814 763 761 1,058 1,051 1,254 1,050 1,049 958 958
Net debt (negative = net cash) 400 329 392 768 785 504 666 412 339 486 370 860 880 997 643 664 587 480
Diluted shares 46m 46m 47m 47m 48m 49m 48m 45m 45m 44m 43m 42m 41m 39m 39m 38m 38m 37m
Returned to shareholders
Dividends 15 15 15 16 18 25 24 23 25 26 28 28 29 29 30 32 35 —
Buybacks — 0 8 26 0 65 294 105 52 199 51 200 343 57 50 250 465 459
Total returned 15 15 23 42 18 90 318 128 77 225 79 228 372 86 80 282 500 459

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · June 30, 2026
What it owns · $5.5bn
Short-term assets $2.2bnLonger-term assets $3.2bn
What it owes, and who funded it · $5.5bn
Short-term liabilities $1.4bnLonger-term liabilities $1.3bnShareholders' equity $2.8bn
  • Short-term assets cover short-term liabilities $2.2bn of assets due within a year against $1.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.2bn short-term assets against $1.3bn of longer-dated liabilities.
  • More cash than debt $477m of cash against $957m of debt.
  • Debt below 40% of shareholders' equity Debt is 35% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 58% to 35% over five years.
  • A year's operating cash flow covers at least 20% of debt $721m of operating cash flow against $957m of debt.
  • Operating profit covers interest at least five times over Operating income of $686m against $42m of interest.

From Curtiss Wright Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$459M
Returned to shareholders
73%
of free cash flow
Buybacks, last 3 fiscal years
$765M
Diluted share count
−2.2%
year over year
Total shareholder yield
2.6%
dividends 0.0% + buybacks 2.6% of market value
R&D spending
2.7%
of revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated CW BWXT CAE AIR DRS AXON Median
Revenue, last 12 months $3.7bn $3.6bn $3.6bn $3.5bn $3.9bn $3.2bn $769m
Revenue growth, last 12 months 10.5% 17.7% 5.0% 22.0% 8.9% 34.6% 15.5%
Revenue growth, 3-year average 10.3% 14.6% — 18.5% 12.6% 33.2% 12.6%
Revenue growth, latest quarter 5.4% 10.0% — 24.1% 11.0% 35.3% 15.8%
Gross margin 37.7% 22.6% 28.3% 19.1% 25.3% 59.4% 27.8%
Operating margin 18.8% 12.4% 12.5% — 10.8% 0.7% 9.0%
Operating margin, 3-year average 17.9% 13.6% 12.4% — 9.7% 3.0% 6.0%
Net margin 14.8% 10.4% 6.4% 5.5% 9.4% 6.2% 5.5%
Cash from operations / revenue 19.7% 16.1% 16.1% 5.7% 12.6% 8.3% 5.5%
Free-cash-flow margin 17.1% 10.3% 10.3% 4.6% 8.9% 4.1% 3.4%
Free-cash-flow margin, 3-year average 15.8% 11.0% 7.6% 1.4% 8.2% 7.6% 3.0%
Stock pay / revenue 0.7% 1.0% 0.7% 0.6% 0.2% 19.7% 1.2%
Change in share count −2.2% 0.2% 0.8% 9.8% −0.0% 2.4% 3.9%

Median of all 57 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 aerospace & defense companies
Measure Company Peer median Rank
Revenue growth Growth 10.5% 15.5% 36 of 57
Change in growth rate Growth -1.7pp +2.2pp 44 of 57
Gross margin Profitability 37.7% 28.3% 16 of 46
Operating margin Profitability 18.8% 8.5% 8 of 51
Net margin Profitability 14.8% 5.5% 8 of 57
Free-cash-flow margin Cash generation 17.1% 3.4% 6 of 57
Stock pay as % of revenue Cash generation 0.7% 1.5% 18 of 53
Long-term debt as % of assets Balance sheet 13.9% 22.1% 16 of 47
Change in share count Balance sheet -2.2% 2.4% 5 of 51

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $3B 85.1% ▲ 12.8%
Services $521M 14.9% ▲ 8.3%
Geography
Region Revenue Share YoY
United States $2.5B 72.8% ▲ 11.4%
Other Foreign Countries $753M 21.5% ▲ 7.6%
United Kingdom $197M 5.6% ▲ 46.7%

From Curtiss Wright Corp's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$24B
Institutions reporting
944
Shares held vs prior quarter
▲ 2.7%
Positions opened / closed
111 / 69

Top buyers and sellers, Q2 2026: 469 institutions bought and 386 sold ; the biggest buyer was Invesco Ltd (+236K shares) and the biggest seller Geode Capital Management, LLC (−196K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.4B 4.6M 14.4% ▲ 0.7%
State Street Corp $1.3B 1.7M 5.4% ▲ 4.3%
Vanguard Capital Management LLC $1.3B 1.7M 5.3% ▲ 1.0%
Vanguard Portfolio Management LLC $1.2B 1.6M 5.2% ▲ 2.0%
Invesco Ltd. $1.2B 1.5M 4.8% ▲ 18.3%
Massachusetts Financial Services Co $624M 817K 2.6% ▲ 5.9%
Geode Capital Management, LLC $561M 742K 2.3% ▼ 20.9%
Van Eck Associates Corp $444M 586K 1.9% ▼ 10.5%
TD Asset Management Inc $419M 553K 1.7% ▼ 22.1%
AQR Capital Management LLC $410M 545K 1.7% ▼ 9.3%
Franklin Resources Inc $400M 528K 1.7% ▲ 8.5%
Primecap Management Co $390M 515K 1.6% ▼ 4.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Curtiss Wright Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $148,999 1 trade by 1 insider, last 12 months Insider sales History → $30.1M 31 trades by 8 insiders · 52% under pre-set plans
Net ▼ $30M net selling
Insider Date Trade Shares Price Value
Wyche Larry D Director August 28, 2026 Sell 100 $596.74 $59,674
Watts John C EVP & Chief Growth Officer August 27, 2026 Sell 1,035 $619.46 $641,141
Lyash Jeffrey J. Director August 10, 2026 Buy 209 $711.62 $148,999
Watts John C EVP & Chief Growth Officer June 15, 2026 Sell pre-set plan 200 $770.56 $154,112
Bamford Lynn M Chair and CEO June 12, 2026 Sell pre-set plan 2,500 $758.20 $1.9M
Bamford Lynn M Chair and CEO June 9, 2026 Sell pre-set plan 2,500 $721.72 $1.8M
Ogilby Gary A Senior VP & Corp Controller June 9, 2026 Sell pre-set plan 399 $721.95 $288,058
Watts John C EVP & Chief Growth Officer May 27, 2026 Sell pre-set plan 220 $752.91 $165,640
Farkas K Christopher Executive VP and CFO March 18, 2026 Sell pre-set plan 1,265 $689.69 $872,458
Ogilby Gary A Senior VP & Corp Controller March 18, 2026 Sell pre-set plan 252 $689.14 $173,663
Bamford Lynn M Chair and CEO March 17, 2026 Sell 3,225 $676.70 $2.2M
Farkas K Christopher Executive VP and CFO March 17, 2026 Sell 918 $677.46 $621,908

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Curtiss Wright Corp disclosed in the last 12 months; 4 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded July 22, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded July 10, 2025, filed August 13, 2025
  • Virginia Foxx(R-NC 5):Sale (full), $15,001 - $50,000, traded July 24, 2015, filed August 12, 2015

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 8, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 12, 2026
  • February 13, 2025
  • October 31, 2024
  • August 8, 2024

Recent SEC filings

Data status

When each part of this page on Curtiss Wright Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Curtiss Wright Corp in brief

What does Curtiss Wright Corp do?
Curtiss Wright Corp is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Curtiss Wright Corp's stock ticker?
Curtiss Wright Corp trades under the ticker CW on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Curtiss Wright Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Curtiss Wright Corp reported revenue of $3.7B, 10.5% higher than a year earlier, according to its SEC filings.
What is Curtiss Wright Corp's free cash flow?
Curtiss Wright Corp's free-cash-flow margin is 17.1% of revenue over the trailing twelve months, ranking 6 of the 57 aerospace & defense companies we cover.
What is Curtiss Wright Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Curtiss Wright Corp's free cash flow after stock-based pay gives ~$410 per share in the base case, and ~$300–$540 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Curtiss Wright Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Curtiss Wright Corp buying back stock, and does it pay a dividend?
Curtiss Wright Corp spent $459M on share repurchases over the trailing twelve months, and its diluted share count fell 2.2% over the year.
What is Curtiss Wright Corp's market cap?
On November 2, 2026, Curtiss Wright Corp's market capitalisation was about $18B, with a price-to-earnings ratio of 33.3 and net debt of $480M. Market figures come from third-party market data and may be delayed.
How much debt does Curtiss Wright Corp have?
Curtiss Wright Corp's debt-to-equity ratio is 34.6%, from its latest balance sheet (57.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Curtiss Wright Corp's competitors?
In our Aerospace & Defense peer group, the companies closest to Curtiss Wright Corp are BWX Technologies, Inc., CAE Inc, AAR Corp, Leonardo DRS, Inc. and Axon Enterprise. The side-by-side comparison below sets their revenue, margins and growth against Curtiss Wright Corp's.
Are insiders buying or selling Curtiss Wright Corp stock?
Over the last 12 months, Curtiss Wright Corp's directors and officers reported 1 open-market purchases and 31 sales on Form 4. The insider trading page charts every trade.
When is Curtiss Wright Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Curtiss Wright Corp announces its own schedule.