Curtiss-Wright Corporation
- Open
- 702.00
- Day high
- 718.81
- Day low
- 691.58
- Prev close
- 715.64
- Volume
- 235K
- Mkt cap
- $26.1B
- P/E (TTM)
- 51.6
- EPS (TTM)
- $13.73
- P/B
- 9.9
- P/S
- 7.3
- Yield
- 0.14%
- Per share
- $0.98
- ▼Insiders net selling -$4.3M over the last 3 months (0 open-market buys, 5 sales)
- 🏛Institutions accumulating (13F)
Curtiss-Wright Corporation (CW) is a Industrials company listed on NYSE. The stock is up 45% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 5 sales (SEC Form 4).
Curtiss-Wright Corporation (CW) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CW earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $3.32 | $3.48 | +4.8% | $914M | +5.8% |
| Feb 11, 2026 | $3.66 | $3.79 | +3.6% | $947M | +10.9% |
| Nov 5, 2025 | $3.30 | $3.40 | +3.0% | $869M | -0.1% |
| May 7, 2025 | $2.38 | $2.82 | +18.5% | $806M | +5.0% |
| Feb 12, 2025 | $3.12 | $3.27 | +4.8% | $824M | +4.7% |
| Oct 30, 2024 | $2.70 | $2.97 | +10.0% | $799M | +5.5% |
| May 1, 2024 | $1.74 | $1.99 | +14.4% | $713M | +0.0% |
| Feb 14, 2024 | $2.92 | $3.16 | +8.2% | $786M | +5.7% |
| Nov 1, 2023 | $2.38 | $2.54 | +6.7% | $724M | +6.1% |
| Aug 2, 2023 | $1.96 | $2.15 | +9.7% | $704M | +8.6% |
| May 3, 2023 | $1.39 | $1.53 | +10.1% | $631M | -1.8% |
| Feb 21, 2023 | $2.91 | $2.92 | +0.3% | $758M | +0.7% |
CW insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | Farkas K Christopherofficer: Executive VP and CFO | Grant | 21 | $634.88 |
| Jul 6, 2026 | Rayment Kevinofficer: Executive VP and COO | Grant | 26 | $634.88 |
| Jul 6, 2026 | Watts John Cofficer: EVP & Chief Growth Officer | Grant | 9 | $634.88 |
| Jul 6, 2026 | Bamford Lynn Mdirector, officer: Chair and CEO | Grant | 17 | $634.88 |
| Jul 6, 2026 | McDonald George P.officer: Executive VP and Corporate Sec | Grant | 25 | $634.88 |
| Jun 15, 2026 | Watts John Cofficer: EVP & Chief Growth Officer | Sell | 200 | $770.56 |
| Jun 15, 2026 | Bamford Lynn Mdirector, officer: Chair and CEO | Sell | 2,500 | $758.20 |
| Jun 10, 2026 | Bamford Lynn Mdirector, officer: Chair and CEO | Sell | 2,500 | $721.72 |
| Jun 10, 2026 | Ogilby Gary Aofficer: Senior VP & Corp Controller | Sell | 399 | $721.95 |
| Jun 2, 2026 | MINOR GLENDA Jdirector | Grant | 20 | $747.61 |
| Jun 2, 2026 | Wallace Peter Cdirector | Grant | 221 | $719.99 |
| May 27, 2026 | Watts John Cofficer: EVP & Chief Growth Officer | Sell | 220 | $752.91 |
| May 14, 2026 | MINOR GLENDA Jdirector | Grant | 221 | $735.34 |
| May 11, 2026 | Lyash Jeffrey J.director | Grant | 48 | — |
| Mar 19, 2026 | Ogilby Gary Aofficer: Senior VP & Corp Controller | Sell | 252 | $689.14 |
Source: CW SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full CW insider & 13F page →Curtiss-Wright Corporation company profile
Overview
Curtiss-Wright Corporation (NYSE:CW) is a diversified industrial technology company founded in 1929 through the merger of aircraft manufacturers Curtiss Aeroplane and Motor Company and Wright Aeronautical Corporation. Originally established as an aviation pioneer, the company has evolved over nearly a century into a specialized provider of engineered products and services across aerospace, defense, nuclear power, and industrial markets. Headquartered in Davidson, North Carolina, Curtiss-Wright has transformed from its aviation roots into a technology-focused enterprise serving critical infrastructure and national security applications worldwide.
Business
Curtiss-Wright operates as a specialized industrial technology company serving four primary markets through three distinct business segments. The company designs, manufactures, and services highly engineered products that are often mission-critical components in complex systems. Aerospace & Industrial Segment (approximately 40% of revenue): This segment produces precision control systems and surface treatment services for both commercial and military aircraft. Key products include electronic throttle control devices that manage engine power in vehicles, joysticks and transmission shifters for industrial vehicles, and sensors and electro-mechanical actuation components used in aircraft flight control systems. The segment also provides specialized surface technology services such as shot peening and laser peening, which are metal treatment processes that strengthen aircraft components and extend their operational life. Defense Electronics Segment (approximately 30% of revenue): This division focuses on embedded computing systems and electronic warfare equipment for military applications. It produces commercial off-the-shelf (COTS) embedded computing modules that serve as the "brains" of military systems, data acquisition equipment for flight testing new aircraft, and integrated subsystems for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C5ISR) applications. The segment also manufactures turret aiming and stabilization systems for armored vehicles and weapons handling systems. Naval & Power Segment (approximately 30% of revenue): This segment serves nuclear power plants and naval propulsion systems. For nuclear facilities, it provides reactor coolant pumps, control rod drive mechanisms, specialized valves, containment doors, and spent fuel management systems. For naval applications, it manufactures propulsion equipment including coolant pumps, compact motors, generators, steam turbines, and secondary propulsion systems primarily for U.S. Navy submarines and aircraft carriers. The segment also provides maintenance and repair services for naval vessels.
Revenue model
Curtiss-Wright generates revenue primarily through product sales and long-term service contracts across its three segments. The company operates on multiple business models depending on the market served. In the aerospace and defense markets, revenue comes from both original equipment manufacturer (OEM) sales and aftermarket services. The company sells components directly to aircraft manufacturers like Boeing and Airbus, as well as to defense contractors building military systems. A significant portion of revenue derives from long-term government contracts, particularly with the U.S. Department of Defense and Navy, which provide relatively stable, multi-year revenue streams. The nuclear power business generates revenue through equipment sales to new reactor construction projects and ongoing aftermarket services to existing nuclear plants. This includes replacement parts, maintenance services, and plant life extension projects. The company is positioning itself for growth in small modular reactors (SMRs), a new generation of nuclear technology that could significantly expand the addressable market. Several factors influence the company's profitability margins. Defense spending levels and geopolitical tensions directly impact demand for military systems, while commercial aerospace recovery affects civilian aircraft component sales. Nuclear plant life extensions and new reactor construction drive power segment growth. Supply chain disruptions and commodity price inflation can pressure margins, though the company's specialized products often command premium pricing due to their critical nature and regulatory requirements. The highly regulated nature of aerospace, defense, and nuclear markets creates barriers to entry but also subjects the company to lengthy certification processes and compliance costs. Foreign military sales represent a growing opportunity as allied nations increase defense spending, while the resurgence of nuclear power for clean energy applications presents long-term growth potential.
Competitive moat
Curtiss-Wright possesses a moderate to strong competitive moat built on several key factors, though the strength varies by business segment. The company's primary moat stems from its deep technical expertise in highly regulated, mission-critical applications where failure is not an option. In the nuclear power segment, the company benefits from extremely high switching costs and regulatory barriers. Once nuclear plant operators certify and install Curtiss-Wright's reactor coolant pumps or control systems, replacing them requires extensive regulatory approval, testing, and validation that can take years and cost millions. The company's decades-long relationships with nuclear utilities and its extensive installed base create significant customer stickiness. The specialized nature of nuclear components, combined with stringent safety requirements, limits the number of qualified competitors. The defense electronics business enjoys similar advantages through security clearances, long qualification cycles, and embedded customer relationships. Military systems require components that meet rigorous standards for reliability, security, and performance. Once Curtiss-Wright's embedded computing systems are integrated into a weapons platform or communications system, they typically remain sole-sourced for the life of the program, which can span decades. However, the moat faces several challenges. The aerospace segment operates in a more competitive environment with multiple qualified suppliers for many components. Technological disruption poses risks, particularly in electronics where rapid innovation could make existing products obsolete. The company's dependence on government spending creates vulnerability to budget cuts or policy changes. Additionally, some competitors with larger scale and resources, such as major defense contractors like Lockheed Martin or Raytheon, could potentially integrate vertically and reduce demand for Curtiss-Wright's components. The moat is strongest in nuclear applications, moderate in defense electronics, and weakest in commercial aerospace and industrial markets.
Risks & safety
Curtiss-Wright demonstrates a solid margin of safety with manageable financial risks, though valuation metrics suggest limited upside at current levels. • Liquidity and Solvency: Strong balance sheet with $385 million in cash and short-term investments as of Q4 2024. Current ratio of 1.69 indicates adequate short-term liquidity. Debt-to-equity ratio of 0.50 represents moderate leverage that is manageable given the company's stable cash flows. Recent quarters showed negative free cash flow in Q1 2025 (-$55 million) due to working capital timing, but full-year 2024 generated strong free cash flow of $483 million. • Valuation Metrics: Current P/E ratio of approximately 29-33x appears elevated for an industrial company, suggesting limited margin of safety from a valuation perspective. EV/EBITDA of 19-21x is also on the higher end for the sector. Graham number calculations indicate the stock may be overvalued relative to conservative intrinsic value estimates. • Other Considerations: Diversified revenue base across defense, aerospace, and nuclear markets provides some stability. Strong order backlog exceeding $3.2 billion offers revenue visibility. However, dependence on government spending and cyclical aerospace markets creates some earnings volatility risk.
Recent development
Over the past few years, Curtiss-Wright has executed a strategic transformation called the "Pivot to Growth" strategy, focusing on higher-growth markets and operational excellence. The company has significantly expanded its presence in the commercial nuclear market through strategic acquisitions, including Ultra Energy in 2024 for $200 million, which provides European manufacturing capabilities and access to new customers like Rolls-Royce and the U.K. submarine fleet. The nuclear strategy represents the most significant strategic development, with management projecting the commercial nuclear business will grow fivefold by the mid-2030s to reach $1.5 billion in annual revenues. This growth is driven by partnerships with small modular reactor (SMR) developers including X-energy, Westinghouse, and NuScale, positioning the company to capture $20-120 million in potential revenue per SMR site. The company is also benefiting from nuclear plant life extensions and renewed interest in nuclear power for data centers and clean energy applications. In defense electronics, the company has invested heavily in embedded computing technologies and tactical communications systems, achieving record operating margins above 25%. The segment has demonstrated strong organic growth driven by increased defense spending and foreign military sales opportunities as European allies boost defense budgets. The company has also implemented corporate restructuring programs to optimize operations, expecting $10 million in annualized savings by 2025. Recent acquisitions of specialized businesses like WSC and the Safran aerospace arresting systems have strengthened market positions in key niches. Management has maintained disciplined capital allocation, completing $250 million in share repurchases in 2024 while increasing dividends for eight consecutive years.
CW company profile · for informational purposes only — not investment advice.
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