Quality Investor

Curtiss-Wright Corporation

Rank #287Capital ReturnWatchlistCompare with other stocks

CW · NYSE · Industrials

Curtiss-Wright Corporation (CW) — Rank #287 by gross profitability (GP/assets 0.24) · ROE 17.5% · Piotroski F-Score 8 / 9.

As-of 2026-10-30 · CIK 0000026324 · all metrics point-in-time as of the filing date.

About

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial nuclear power, process, and industrial markets worldwide.

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It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. The Aerospace & Industrial segment offers industrial and specialty vehicle products, such as power management electronics, traction inverters, transmission shifters, and control systems; sensors, controls, and electro-mechanical actuation components used on commercial and military aircraft; and surface technology services including shot peening, laser peening, and engineered coatings. The Defense Electronics segment provides commercial off-the-shelf embedded computing board-level modules and processing equipment, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, tactical communications solutions; and electronic stabilization products, and weapons handling systems; avionics and electronics; flight test equipment; and aircraft data management solutions. The Naval & Power segment offers main coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems; energy absorbers, retractable hook cable systems, net-stanchion systems and mobile systems to support fixed land-based arresting systems; hardware, valves, fastening systems, specialized containment doors, airlock hatches, and spent fuel management products; reactor coolant pumps and control rod drive mechanisms for commercial nuclear power plants, as well as various nuclear reactor technologies. This segment furnishes severe-service valve technologies and services, heat exchanger repair, and piping test and isolation products, and offers ship repair and maintenance for the U.S. navy.

Curtiss-Wright Corporation was incorporated in 1929 and is headquartered in Davidson, North Carolina.

Industry
Aerospace & Defense
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

9,200

Industry

Aerospace & Defense

Exchange

NYSE

12/12

Flags passed

CW passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · RPO outpacing revenue · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.24
Return on equity
17.5%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.97
Current ratio
1.60×
Net cash
-$613.94M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

2/2 pass
Revenue growth
12.1%
Piotroski F-Score
8 / 9
Share dilution
-1.9%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 40th percentile of 26 SIC 35 peers

Gross profitability (GP / assets)

0.24

Primary signal (Novy-Marx).

40th pctl of 26 SIC 35 peers

Return on equity

17.5%

Gross margin

37.2%

24th pctl of 26 SIC 35 peers

Revenue growth (YoY)

12.1%

RPO growth (YoY)

20.6%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

11.0%

Revenue CAGR (5Y)

7.9%

Earnings CAGR (3Y)

18.0%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 14% above net income

Free cash flow

$553.71M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

14.3%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $613.94M, F-Score 8/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.97

40th pctl of 26 SIC 35 peers (best = lowest)

Current ratio

1.60×

24th pctl of 26 SIC 35 peers

Quick ratio

0.96×

Net cash

-$613.94M

Cash & equivalents minus total debt.

Piotroski F-Score

8 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.8 / 5

Good
Payout ratio
7.2%5/5 Strong
FCF coverage
15.94×5/5 Strong
Dividend growth streak
5 yr3/5 Good
Balance-sheet health
D/E 0.97 · IC N/A2/5 Fair

Capital allocation quality

Composite score

3.0 / 5

Good
Share count trend(net buybacks)
-1.9%3/5 Good
Buyback timing
N/AN/A
Dividend growth consistency
5 yr3/5 Good
Net debt trajectory
-0.4%3/5 Good

Lifecycle Phase History

20202025
Value
Capital Return

Price History

CW+402.5% · +38.0% CAGRSPY+82.9% · +12.8% CAGR