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CURTISS WRIGHT CORPCW

Sector
Industrial
Industry
Misc Industrial & Commercial Machinery & Equipment
Exchange
NYSE

Stock Price $CW

Latest filings

You are here#54 of 57 in Industrials by market cap

Filing record · 2016–202610-K1110-Q338-K95

CW filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 95 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · May ’20May ’20
  2. Material agreement8-K · May ’22May ’22
  3. FY2024 annual report10-K · Feb ’25Feb ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $3.50B
YoY changeLargest recent move+11.3%in FY23Latest +12.1%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All CW Financial Metrics59 metrics

Income Statement14

Balance Sheet25

Cash Flow15

Per Share5

02—Overview

CURTISS WRIGHT CORP Financial Overview 2021–2025

Updated Aug 8, 2026

Curtiss-Wright expanded its operating income by a striking 20% to reach $634 milliona 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 billionb 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 billionc 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 billiond 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 billione 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.

03—Filings

Recent SEC Filings

  1. 8-KCURTISS WRIGHT CORP 8-K Report, Executive Changes (Oct 6, 2026)Curtiss-Wright (NYSE: CW) disclosed in an 8-K filed October 6, 2026 that Chief Financial Officer K. Christopher Farkas will retire effective at calendar year-end 2026. Farkas has stepped down as CFO immediately but will remain as Executive Vice President through the retirement date to support a smooth handover. He had served as CFO since May 2020 and joined the company over 17 years ago. The company has begun a search for a permanent successor. The Board has appointed Gary A. Ogilby, Senior Vice President and Corporate Controller, as Interim CFO effective October 6, 2026, until a successor is named. Ogilby, a CPA who joined in 2010 and previously worked at Ernst & Young, will keep his Controller role and principal accounting officer responsibilities. Compensation for his interim CFO role has not yet been determined. The company states the departure is unrelated to its business or financial performance, and it is scheduled to report earnings on November 4, 2026. For investors, the key points are a leadership transition in finance rather than an operational setback, continuity provided by an internal, long-tenured controller, and the open question of who the permanent CFO will be. Investors should watch the Q3 earnings call on November 4 for any commentary on the transition and the search timeline.
  2. 8-KCURTISS WRIGHT CORP 8-K Report, Executive Changes (Sep 22, 2026)Curtiss-Wright (NYSE: CW) announced a planned CEO succession. Its Board appointed Kevin M. Rayment, currently Executive Vice President and Chief Operating Officer, as President and Chief Executive Officer and as a Board member, effective January 1, 2027. Lynn M. Bamford, CEO since January 2021 and Chair since May 2022, will retire as CEO and become Executive Chair on the same date. The filing and press release describe the change as a planned, orderly process, not a response to a performance problem. For investors, the key points are continuity and disclosed pay. Rayment joined the Company in 2004, has more than 35 years of experience across Aerospace & Defense, Commercial Nuclear and Industrial markets, and previously led the former Commercial/Industrial Segment. Bamford's continued role as Executive Chair should help preserve strategic continuity. The Compensation Committee set Rayment's base salary at $1,100,000, a target bonus of 125% of base salary, and a 2027 long-term incentive award with a target value of $5,225,000, split 30% time-based RSUs, 30% performance units and 40% performance share units. The filing reports no related-party transactions and no arrangements tied to the appointment. The filing contains no financial results, guidance or changes to the strategy. Management attributes the company's record results and shareholder returns to Bamford's tenure, citing $1.7 billion returned to shareholders through buybacks and dividends. Investors will likely watch for any change in strategic priorities under Rayment, the Pivot to Growth strategy, and capital allocation, though the filing does not address these.
  3. 8-KCURTISS WRIGHT CORP 8-K Report, Corporate Update (Sep 14, 2026)Curtiss-Wright (NYSE: CW) announced on September 10, 2026 that its Board authorized an additional $510 million in share repurchases, raising total available authorization to $700 million. That total includes $190 million of remaining availability under prior programs. To execute near-term buybacks, the company entered a Rule 10b5-1 trading plan under which $100 million of stock will be repurchased ratably through October 30, 2026. Following that plan, the company expects roughly $600 million of authorization to remain, which it says will carry into 2027. The authorization has no expiration date and can be amended or terminated by the Board at any time. Management expects total 2026 share repurchases of about $460 million once the current programs are completed, roughly in line with the record $466 million returned in 2025. The company states that since 2021 it has returned more than $1.5 billion to shareholders through buybacks. Repurchases are intended in part to offset dilution from employee equity compensation, with additional opportunistic buybacks possible. The Board also declared a quarterly dividend of $0.26 per share, payable October 9, 2026 to holders of record as of September 25, 2026. For investors, the filing signals sustained capital return alongside stated plans to accelerate R&D and capital expenditures. The filing itself does not disclose financial results, so the buyback pace should be evaluated against cash generation and balance sheet capacity in the company's periodic reports. The filing also refers to a second-quarter Form 10-Q, which is not included here.
  4. 8-KCURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 19, 2026)On August 18, 2026, Curtiss-Wright Corporation (NYSE: CW) announced a $100 million expansion of its 2026 share repurchase program, raising expected 2026 repurchases to $260 million. The company adopted a Rule 10b5-1 trading plan on August 18 to execute the $100 million purchase. Purchases cannot begin before August 18 and are expected to be completed by the end of August 2026. Daily purchase volumes are capped at the Rule 10b-18 maximum daily target volume, and a broker selected by the company executes the trades under the plan's terms. The filing says the company had $390 million of total repurchase authorization available before the plan. After the new $100 million plan is completed, it expects $290 million of authorization to remain. That remaining figure also reflects the existing $60 million program initiated in January 2026, which management expects to finish this year. The 10b5-1 structure lets the company buy back shares during periods when it would otherwise be restricted by self-imposed blackout windows or insider trading considerations. Management framed the expansion as reflecting confidence in the company's "Pivot to Growth" strategy, its healthy balance sheet, and its long-term financial outlook. The filing is a disclosure of capital allocation intent and does not include new financial results. Investors should weigh the buyback against the company's broader capital needs, since the filing notes that unplanned changes in capital investment requirements could affect repurchase activity. Detailed repurchase data will appear in future Forms 10-Q and 10-K.
  5. 8-KCURTISS WRIGHT CORP 8-K Report, Corporate Update (Aug 11, 2026)Curtiss-Wright Corporation (NYSE: CW) disclosed in a Form 8-K filed August 11, 2026 that on August 10, 2026 it entered into a Rule 10b5-1 trading plan to repurchase $100 million of its common stock under its existing share repurchase authorizations. The plan cannot begin before August 10, 2026, is executed by a broker within Rule 10b-18 daily volume limits, and is expected to be fully used by the end of August 2026. Following completion, the company expects approximately $390 million of repurchase authorization remaining. The accompanying press release (Exhibit 99.1) describes this as a $100 million expansion of the 2026 share repurchase program, bringing total planned 2026 repurchases to $160 million. This combines the new $100 million tranche with the existing $60 million program initiated in January 2026, which is expected to be completed this year. Management tied the move to recent upward revisions in full-year 2026 guidance across all major financial metrics, mid-teens earnings compound growth, and consistent free cash flow generation. For investors, the announcement signals management confidence in the company's valuation and cash generation, and a continued emphasis on shareholder returns alongside acquisitions and reinvestment. The 10b5-1 structure allows buybacks during periods when insiders might otherwise be restricted by blackout windows. The filing does not state a purchase price or share count, so the actual dilution offset will depend on execution prices. Detailed repurchase data will appear in future 10-Q and 10-K filings.
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04—See also

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