Curtiss-Wright Corporation (CW) Financial Statements

Executive TeamFinancials
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Curtiss-Wright financial statements at a glance

Curtiss-Wright reported revenue of $3.50 billion for fiscal year 2025 (ended December 31, 2025), up 12.1% from fiscal year 2024. Net income was $484.23 million, a net margin of 13.8%, and diluted earnings per share were $12.87.

At the end of fiscal year 2025 it had total assets of $5.22 billion, total liabilities of $2.69 billion and shareholders' equity of $2.53 billion, with cash and short-term investments of $371.35 million and total debt of $1.17 billion.

Its operations brought in $643.40 million of cash; capital spending was $89.69 million, leaving free cash flow of $553.71 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

CW logo

Curtiss-Wright Corporation

CWUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.50B
Prev Year: 3.12B
YoY: +12.1%
Operating Revenue
3.50B
Prev Year: 3.12B
YoY: +12.1%
Normalized EBITDA
792.48M
Prev Year: 689.04M
YoY: +15.0%
Tax Rate for Calcs
0.219
Prev Year: 0
Tax Effect of Unusual Items
-986.4K
Prev Year: -3.24M
YoY: +69.5%
Total Unusual Items
-4.50M
Prev Year: -14.45M
YoY: +68.8%
Total Unusual Items Excluding Goodwill
-4.50M
Prev Year: -14.45M
YoY: +68.8%
Special Income Charges
-4.50M
Prev Year: -14.45M
YoY: +68.8%
Restructuring and Mergers Acquisition
4.50M
Prev Year: 14.45M
YoY: -68.8%
Selling and Marketing Expense
168.74M
Prev Year: 145.36M
YoY: +16.1%
General and Administrative Expense
399.61M
Prev Year: 373.50M
YoY: +7.0%
Other General and Administrative
399.61M
Prev Year: 373.50M
YoY: +7.0%
Cost of Revenue
2.20B
Prev Year: 1.97B
YoY: +11.6%
Gross Profit
1.30B
Prev Year: 1.15B
YoY: +12.8%
Operating Expense
663.51M
Prev Year: 610.50M
YoY: +8.7%
Selling General and Administrative
568.35M
Prev Year: 518.86M
YoY: +9.5%
Research and Development
95.16M
Prev Year: 91.65M
YoY: +3.8%
Operating Income
638.02M
Prev Year: 543.04M
YoY: +17.5%
Net Non Operating Interest Income Expense
-43.15M
Prev Year: -44.87M
YoY: +3.8%
Non-operating Interest Expense
43.15M
Prev Year: 44.87M
YoY: -3.8%
Other Income Expense
25.13M
Prev Year: 23.88M
YoY: +5.2%
Other Non-operating Income (expense)
29.64M
Prev Year: 38.33M
YoY: -22.7%
Pre-tax Income
620.01M
Prev Year: 522.06M
YoY: +18.8%
Provision for Income Taxes
135.78M
Prev Year: 117.08M
YoY: +16.0%
Net Income Common Stockholders
484.23M
Prev Year: 404.98M
YoY: +19.6%
Net Income
484.23M
Prev Year: 404.98M
YoY: +19.6%
Net Income Including Non-Controlling Interests
484.23M
Prev Year: 404.98M
YoY: +19.6%
Net Income from Continuing Operations
484.23M
Prev Year: 404.98M
YoY: +19.6%
Diluted NI Available to Com Stockholders
484.23M
Prev Year: 404.98M
YoY: +19.6%
Basic EPS
12.94
Prev Year: 10.61
YoY: +22.0%
Diluted EPS
12.87
Prev Year: 10.55
YoY: +22.0%
Weighted Average Shares (basic)
37.42M
Prev Year: 38.15M
YoY: -1.9%
Weighted Average Shares (diluted)
37.63M
Prev Year: 38.37M
YoY: -1.9%
Total Operating Income as Reported
633.52M
Prev Year: 528.60M
YoY: +19.8%
Total Expenses
2.86B
Prev Year: 2.58B
YoY: +10.9%
Net Income from Continuing and Discontinued Operation
484.23M
Prev Year: 404.98M
YoY: +19.6%
Normalized Income
487.75M
Prev Year: 416.19M
YoY: +17.2%
Interest Expense
43.15M
Prev Year: 44.87M
YoY: -3.8%
Net Interest Income
-43.15M
Prev Year: -44.87M
YoY: +3.8%
EBIT
663.16M
Prev Year: 566.92M
YoY: +17.0%
EBITDA
787.98M
Prev Year: 674.59M
YoY: +16.8%
Reconciled Cost of Revenue
2.20B
Prev Year: 1.97B
YoY: +11.6%
Reconciled Depreciation
124.82M
Prev Year: 107.67M
YoY: +15.9%
Net Income from Continuing Operation Net Minority Interest
484.23M
Prev Year: 404.98M
YoY: +19.6%
Values in USD

Curtiss-Wright key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$3.5B$3.1B$2.8B$2.6B$2.5B
Gross profit$1.3B$1.2B$1.1B$954.6M$927.8M
Operating income$638.0M$543.0M$484.6M$428.1M$396.2M
Net income$484.2M$405.0M$354.5M$294.3M$262.8M
Diluted EPS$12.87$10.55$0.79$7.62$6.58
Total assets$5.2B$5.0B$4.6B$4.4B$4.1B
Total liabilities$2.7B$2.5B$2.3B$2.5B$2.3B
Shareholders' equity$2.5B$2.4B$2.3B$2.0B$1.8B
Cash and short-term investments$371.3M$385.0M$406.9M$257.0M$171.0M
Total debt$1.2B$1.2B$1.2B$1.4B$1.2B
Operating cash flow$643.4M$544.3M$448.1M$294.8M$387.7M
Capital spending$89.7M$61.0M$44.7M$38.2M$41.1M
Free cash flow$553.7M$483.3M$403.4M$256.6M$346.6M

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Curtiss-Wright's revenue in fiscal year 2025?

$3.50 billion, up 12.1% from $3.12 billion in fiscal year 2024.

How much profit does Curtiss-Wright make?

Curtiss-Wright reported net income of $484.23 million for fiscal year 2025 (13.8% of revenue); operating income was $638.03 million.

How much cash and debt does Curtiss-Wright have?

At the end of fiscal year 2025: cash and short-term investments of $371.35 million and total debt of $1.17 billion.

What is Curtiss-Wright's free cash flow?

$553.71 million in fiscal year 2025 (operating cash flow of $643.40 million minus capital spending of $89.69 million).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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