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Maker of specialized components and systems for aerospace, defense, naval nuclear and industrial customers.
Maker of specialized components and systems for aerospace, defense, naval nuclear and industrial customers.
Builds to order for naval programmes, so revenue follows the shipbuilding schedules of the US Navy's submarines and carriers, with the company supplying the reactor coolant pumps (the pumps that circulate coolant through the ship's reactor) for those ships. Commercial aerospace and industrial sales, including parts that earn again as aircraft age, make up the rest.
Moat: narrow (customer qualification, regulatory licence, process know-how). Sole-source qualification on naval nuclear propulsion components built over decades of Navy programs.
Headquarters: Davidson, North Carolina, US · Founded: 1929 · Employees: 9,100
Size Curtiss-Wright (CW) is a United States Industrials company (Aerospace & Defense) with a market value of $17.1B, the 547th largest of 3,117 United States companies the cockpit tracks. Shares closed at $463.47 on 6 Nov 2026.
Performance Over six months the shares fell 36.4%, against -2.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 10.5% over the last twelve months (peer median +16.7%); the operating margin is 18.9% (peer median 10.1%).
Valuation It trades at 27.4× forward earnings against a peer median of 24.8× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +8 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 5.7 points above its cost of capital (9.3% WACC).
Backlog Backlog (remaining performance obligations) was $4.60B at 30 Sep 2026, up 18% on a year earlier — 1.2 years of trailing revenue. Backlog detail →
Short interest Short interest is 2.6% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.65B | $3.50B | $3.12B | $2.85B | $2.56B |
| Revenue growth | — | +12% | +10% | +11% | — |
| Gross profit | $1.38B | $1.30B | $1.15B | $1.07B | $955M |
| EBITDA | $810M | $763M | $651M | $601M | $540M |
| Net income | $541M | $484M | $405M | $355M | $294M |
| Free cash flow | $625M | $554M | $483M | $403M | $257M |
| Capital expenditure | $95.8M | $89.7M | $61.0M | $44.7M | $38.2M |
| Total debt | $1.15B | $1.17B | $1.23B | $1.21B | $1.43B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Curtiss-Wright CW | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% |
| Howmet Aerospace HWM | $81.8B | -24% | +22% | 28% | 32.6× | 24.1% |
| TransDigm TDG | $66.2B | -1% | +17% | 47% | 25.5× | 9.7% |
| General Dynamics GD | $95.7B | +3% | +10% | 10% | 19.4× | -2.5% |
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.6% | +3.7% | 6th lowest of 21 |
| 6-month return | -36.4% | -2.9% | 3rd lowest of 21 |
| Distance from 52-week high | -42.6% | -25.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +10.5% | +16.7% | 5th lowest of 21 |
| Operating margin | 18.9% | 10.1% | 4th highest of 21 |
| Forward P/E | 27.4× | 24.8× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 16.2% | 12.2% | 6th most demanding of 14 |
| Growth delivered (Del g) | +7.9% | +8.7% | 6th lowest of 13 |
| Hurdle (Req g minus delivered) | +8.3 pp | +0.8 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | +5.7 pp | +3.0 pp | 8th highest of 20 |
| EV / EBITDA | 22.2× | 17.2× | 4th most expensive of 15 |
| Net debt / EBITDA | 0.8× | 2.0× | 4th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Curtiss-Wright CW | United States | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% | +7.9% |
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| AECC Aviation Power 600893.SS | China | $15.8B | -15% | +18% | 2% | 173.7× | n/a | n/a |
| Csg CSG.AS | Netherlands | $14.6B | -20% | +72% | 25% | 11.7× | n/a | n/a |
| Textron TXT | United States | $14.2B | -8% | +9% | 7% | 11.9× | 8.3% | +4.9% |
| Embraer S.A. Sponsored ADR EMBJ | United States | $14.1B | +23% | +20% | 8% | 23.6× | 16.9% | +14.5% |
| AVIC Shenyang Aircraft 600760.SS | China | $20.8B | +4% | -1% | 8% | 45.1× | n/a | n/a |
| MTU Aero Engines MTX.DE | Germany | $20.9B | +21% | +12% | 13% | 18.5× | 6.3% | +17.1% |
| Arxis ARXS | United States | $21.5B | +42% | +114% | 20% | 54.2× | 58.8% | n/a |
| Bombardier BBD-B.TO | Canada | $22.5B | +8% | +11% | 11% | 22.1× | 19.0% | +8.9% |
| Singapore Technologies Engineering S63.SI | Singapore | $22.6B | -13% | +11% | 9% | 27.3× | 5.3% | +11.5% |
| Hanwha Aerospace 012450.KS | South Korea | $25.0B | -53% | +28% | 11% | 17.2× | -7.0% | +38.1% |
| Crane CR | United States | $11.6B | +11% | +22% | 18% | 25.8× | 17.5% | -3.5% |
| Axon Enterprise AXON | United States | $25.4B | -22% | +35% | 1% | 36.5× | n/a | n/a |
| Huntington Ingalls Industries HII | United States | $11.4B | -8% | +13% | 5% | 14.4× | 5.3% | +5.9% |
| Dassault Aviation AM.PA | France | $26.0B | +6% | +33% | 9% | 19.6× | 5.2% | +6.2% |
| BWX Technologies BWXT | United States | $11.0B | -42% | +18% | 10% | 23.8× | 19.6% | +8.5% |
| Jonhon Optronic Technology 002179.SZ | China | $10.7B | -7% | +6% | 11% | 30.4× | n/a | n/a |
| Moog MOG-A | United States | $10.3B | +3% | +16% | 12% | 27.8× | 15.1% | +6.0% |
| Hensoldt HAG.DE | Germany | $10.0B | +2% | +15% | 10% | 41.3× | 12.2% | +15.3% |
| AVIC Xi'an Aircraft Industry 000768.SZ | China | $9.92B | +1% | -34% | 3% | 55.7× | n/a | n/a |
Curtiss-Wright reported $4.60B of remaining performance obligations at 30 Sep 2026, up 18% from a year earlier and up 2% from the previous quarter. That is 1.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.10.