CURTISS WRIGHT CORPCW
CURTISS WRIGHT CORP Financial Overview 2021–2025
Updated Aug 8, 2026Curtiss-Wright expanded its operating income by a striking 20% to reach $634 million in FY2025, easily outpacing its 12% top-line growth. This immense operating leverage underscores the central investment thesis: a fortified position in U.S. naval shipbuilding and commercial nuclear power has transformed the company into a highly profitable, margin-expanding compounder.
The company’s trajectory is defined by consistent top-line expansion, as total revenue grew from $2.51 billion in FY2021 to $3.5 billion in FY2025. This acceleration was heavily anchored by the Naval & Power segment, which surged 18% in FY2025 on the back of submarine defense contracts and nuclear aftermarket demand. Curtiss-Wright aggressively translates these government tailwinds into shareholder returns, pushing diluted earnings to $12.87 per share in FY2025 while executing $325 million in share repurchases over the first nine months of the year. An expanding total backlog, which hit $4.1 billion at the end of FY2025, guarantees extensive revenue visibility over the next three years.
The market has richly rewarded this predictable growth and operational discipline. At the close of FY2025, Curtiss-Wright commanded a $20.3 billion market cap. The stock finished the fiscal year at $551.27, reflecting a premium valuation of 42.8x earnings as investors priced in the company's defense-backed stability.
Recent Developments (Q1 and Q2 2026)
Curtiss-Wright sustained its growth trajectory into H1 2026, generating $1.84 billion in total net sales for a 9% year-over-year increase. Profitability expanded faster than revenue, with first-half net earnings climbing 26% year-over-year to $279.4 million. Operating income hit $178.7 million in Q2 2026, representing a 14% year-over-year gain. The company upsized its liquidity in May 2026 by securing a new $1 billion revolving credit facility to support potential acquisitions and internal growth. Shareholders also received two consecutive dividend increases, pushing the quarterly payout to $0.26 per share.
Bulls point to the expanding order book, which reached $4.3 billion after generating $1.2 billion in new orders during Q1 2026. Bears caution that the stock trades at 55.5x trailing earnings as of the Q2 2026 release on August 6, 2026, requiring sustained outperformance to justify the valuation.
What to watch: deployment of the expanded $1 billion credit facility for M&A activity; conversion rates of the $4.3 billion backlog into near-term revenue.
Rev
$3.50B
FY2025
NI
$484.2M
FY2025
EPS
$12.94
FY2025
OCF
$643.4M
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
All CW Financial Metrics(59)
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Recent SEC Filings
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 19, 2026)
Curtiss-Wright Corporation (CW) has announced the adoption of a new Rule 10b5-1 trading plan, effective August 18, 2026. This plan allows the company to repurchase up to $100 million of its common stock. This initiative is part of its broader share repurchase programs, which have a total available authorization of $390 million. The new plan is expected to be fully executed by the end of August 2026, at which point the company anticipates having $290 million remaining under its existing authorizations. The implementation of a 10b5-1 plan provides a structured framework for share repurchases, enabling the company to buy back its stock even during periods when it might otherwise be restricted due to insider trading policies or blackout periods. The repurchases will be managed by an appointed broker within the parameters of Rule 10b-18. Investors should note that this action signals management's confidence in the company's financial health and its commitment to returning value to shareholders through share buybacks.
CURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 11, 2026)
Curtiss-Wright Corporation (CW) has announced the adoption of a new Rule 10b5-1 trading plan, effective August 10, 2026. This plan will facilitate the repurchase of up to $100 million of the Company's common stock. The repurchases are part of its previously authorized share repurchase programs, which have a total remaining capacity of $490 million prior to this new plan. The Company expects this $100 million repurchase program to be completed by the end of August 2026, leaving approximately $390 million in remaining authorization.
CURTISS WRIGHT CORP 8-K Report, Financial Results (Aug 6, 2026)
Curtiss-Wright Corporation (CW) has filed an 8-K report on August 6, 2026, to announce its financial results for the second quarter ended June 30, 2026. The company will host a conference call and webcast on August 6, 2026, at 10:00 am ET to discuss these results and provide updated 2026 financial expectations. Investors are directed to the company's website and the SEC filing for the press release and webcast presentation materials. This filing primarily serves as a notification of the earnings release and the associated investor call. While specific financial figures are not detailed within the 8-K text itself, the attached exhibits (Press Release and Presentation) are expected to contain the comprehensive performance data and forward-looking guidance. Investors should consult these exhibits for detailed insights into the company's recent performance and its outlook for the remainder of 2026.
CURTISS WRIGHT CORP 8-K Report, Material Agreement (May 20, 2026)
Curtiss-Wright Corporation (CW) has announced the execution of a new syndicated $1 billion revolving credit facility, replacing its previous $750 million facility. This new credit facility, effective May 19, 2026, and maturing on May 19, 2031, provides increased financial flexibility for the company. The facility is available for general corporate purposes, including potential future acquisitions and support for internal growth initiatives. It also allows for an additional $500 million in incremental term loans or commitment increases, subject to lender discretion. This strategic move enhances Curtiss-Wright's liquidity and capital access, positioning the company to pursue growth opportunities and manage its operations effectively. The new credit agreement includes customary covenants and financial metrics, such as interest coverage and leverage ratios, which are typical for this type of financing. The termination of the prior facility incurred no early termination penalties.
CURTISS WRIGHT CORP 8-K Report, Shareholder Vote Results (May 8, 2026)
Curtiss-Wright Corporation (CW) has filed an 8-K report detailing the outcomes of its Annual Meeting of Stockholders held on May 7, 2026. The meeting focused on key governance and operational matters, with all presented proposals receiving strong support from shareholders. This indicates continued confidence in the company's leadership and strategic direction among its investor base. Key outcomes include the re-election of all director nominees and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2026. Furthermore, shareholders provided an advisory vote of approval for executive compensation. These results generally suggest a stable governance environment and a positive reception to the company's disclosed executive pay structure.
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