CURTISS WRIGHT CORP CW
Curtiss-Wright Corporation is a Delaware corporation, with its principal executive office in Davidson, North Carolina. In this report, unless the context otherwise requires, "Curtiss-Wright", the "Company", "we", "us", and "our" refer to Curtiss-Wright Corporation and its consolidated subsidiaries.
Curtiss-Wright Corporation is a global integrated business that provides highly engineered products, solutions, and services mainly to Aerospace & Defense ("A&D") markets, as well as critical technologies in demanding commercial nuclear power, process, and industrial markets.
Curtiss-Wright maintains a unique presence on high-performance platforms and critical applications that require our technical sophistication, and we benefit from decades of engineering expertise and knowledge transfer. Curtiss-Wright has been involved in numerous "firsts" in the industry, and since the origin of many of our markets, including commercial aerospace (our history dates back to the Wright Brothers and their historical first manned flight), naval nuclear power (presence on the first nuclear naval vessel), commercial power (our products were utilized in the first commercial nuclear power plant), and defense electronics (use of commercial off-the-shelf ("COTS") electronics in military applications). Today, we maintain competitive positions in the majority of our key A&D and commercial end markets through engineering and technological leadership, precision manufacturing, and long-standing customer relationships where we are deeply embedded in our customers' workflows. We are committed to continuously driving innovation and investment in technologies, while also aligning our core competencies with new applications and evolving market trends. Our investments typically target the fastest growth vectors and secular trends that align with our strengths in attractive end markets.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States of America
- Other foreign countries
- United Kingdom
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States of America | $2.55B | $2.29B | $2.06B |
| Other foreign countries | $752.6M | $699.3M | $669.3M |
| United Kingdom | $197.5M | $134.6M | $115.1M |
As the company reported it, from the “SEGMENT INFORMATION (Geographic) (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $954.6M | $927.8M | $841.2M | $898.7M | $871.3M | $800.8M | $734.7M |
| R&D | $95.2M | $91.6M | $85.8M | $80.8M | $88.5M | $74.8M | $72.5M | $64.5M | $61.4M | $59.4M |
| SG&A | $399.6M | $373.5M | $359.7M | $324.1M | $326.1M | $303.3M | $301.4M | $306.5M | $292.4M | $265.6M |
| Operating income | $633.5M | $528.6M | $484.6M | $423.4M | $377.1M | $288.8M | $404.0M | $373.6M | $325.1M | $296.5M |
| Interest expense | $43.1M | $44.9M | $51.4M | $47.0M | $40.2M | $35.5M | $31.3M | $34.0M | $41.5M | $41.2M |
| Pre-tax income | $620.0M | $522.1M | $463.1M | $389.2M | $349.0M | $263.1M | $396.5M | $356.2M | $299.6M | $268.0M |
| Income tax | $135.8M | $117.1M | $108.6M | $94.8M | $86.1M | $61.7M | $88.9M | $80.5M | $84.7M | $78.6M |
| Net income | $484.2M | $405.0M | $354.5M | $294.3M | $262.8M | $201.4M | $307.6M | $275.7M | $214.9M | $187.3M |
| 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 |
| Shares, diluted (wtd. avg.) | 37.6M | 38.4M | 38.5M | 38.6M | 40.6M | 42.0M | 43.0M | 44.3M | 44.8M | 45.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $371.3M | $385.0M | $406.9M | $257.0M | $171.0M | $198.2M | $391.0M | $276.1M | $475.1M | $553.8M |
| Receivables | $932.3M | $835.0M | $732.7M | $723.3M | $647.1M | $588.7M | $632.2M | $593.8M | $494.9M | $463.1M |
| Inventory | $615.1M | $541.4M | $510.0M | $483.1M | $411.6M | $428.9M | $424.8M | $423.4M | $378.9M | $367.0M |
| Total current assets | $2.02B | $1.85B | $1.72B | $1.52B | $1.31B | $1.30B | $1.53B | $1.34B | $1.40B | $1.41B |
| Property, plant and equipment | $382.2M | $339.1M | $332.8M | $342.7M | $360.0M | $378.2M | $385.6M | $374.7M | $390.2M | $388.9M |
| Goodwill | $1.69B | $1.68B | $1.56B | $1.54B | $1.46B | $1.46B | $1.17B | $1.09B | $1.10B | $951.1M |
| Other intangibles | $532.4M | $596.8M | $557.6M | $620.9M | $538.1M | $609.6M | $479.9M | $429.6M | $329.7M | $271.5M |
| Total assets | $5.22B | $4.99B | $4.62B | $4.45B | $4.10B | $4.02B | $3.76B | $3.26B | $3.24B | $3.04B |
| Accounts payable | $310.3M | $247.2M | $243.8M | $266.5M | $211.6M | $201.2M | $222.0M | $233.0M | $185.2M | $177.9M |
| Short-term debt | $200.0M | $90.0M | $0 | $202.5M | $0 | $100.0M | $0 | $243.0K | $150.0K | $150.7M |
| Total current liabilities | $1.41B | $1.10B | $806.5M | $981.0M | $734.9M | $810.4M | $744.7M | $687.3M | $591.0M | $675.3M |
| Long-term debt | $757.9M | $958.9M | $1.05B | $1.05B | $1.05B | $958.3M | $760.6M | $762.3M | $814.0M | $815.6M |
| Total liabilities | $2.69B | $2.54B | $2.29B | $2.47B | $2.28B | $2.23B | $1.99B | $1.72B | $1.71B | $1.75B |
| Retained earnings | $4.31B | $3.86B | $3.49B | $3.16B | $2.91B | $2.67B | $2.50B | $2.19B | $1.94B | $1.75B |
| Total equity | $2.53B | $2.45B | $2.33B | $1.98B | $1.83B | $1.79B | $1.77B | $1.53B | $1.53B | $1.29B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $643.4M | $544.3M | $448.1M | $294.8M | $387.7M | $261.2M | $421.4M | $336.3M | $388.7M | $423.2M |
| Depreciation and amortisation | $53.0M | $50.0M | $51.0M | $51.0M | $55.0M | $55.0M | $57.4M | $59.4M | $61.6M | $62.6M |
| Stock-based compensation | $21.5M | $18.9M | $16.8M | $15.4M | $13.4M | $14.4M | $13.7M | $14.1M | $11.6M | $9.5M |
| Capital expenditure | $89.7M | $61.0M | $44.7M | $38.2M | $41.1M | $47.5M | $69.8M | $53.4M | $52.7M | $46.8M |
| Investing cash flow | -$90.1M | -$283.3M | -$35.5M | -$325.9M | -$42.4M | -$532.5M | -$240.0M | -$255.5M | -$272.3M | -$42.9M |
| Financing cash flow | -$578.3M | -$271.5M | -$273.4M | $129.4M | -$369.1M | $82.1M | -$68.1M | -$263.6M | -$213.9M | -$96.1M |
| Dividends paid | $34.7M | $31.7M | $30.2M | $28.8M | $28.7M | $28.2M | $28.2M | $26.3M | $24.7M | $23.1M |
| Buybacks | $464.9M | $250.0M | $50.1M | $56.9M | $343.1M | $200.0M | $50.7M | $198.6M | $52.1M | $105.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-007587.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.11B | $2.27B | $2.41B | $2.49B | $2.39B | $2.50B | $2.56B | $2.85B | $3.12B | $3.50B |
| Gross profit | $734.7M | $800.8M | $871.3M | $898.7M | $841.2M | $927.8M | $954.6M | $1.07B | $1.15B | $1.30B |
| Net income | $187.3M | $214.9M | $275.7M | $307.6M | $201.4M | $262.8M | $294.3M | $354.5M | $405.0M | $484.2M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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