CW CURTISS WRIGHT CORP

Overview and Growth

In fiscal 2025, CURTISS WRIGHT CORP recorded $3.50B of revenue, net income of $484.23M, and an operating cash inflow of $643.40M. Revenue of $3.50B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 12.1% from $3.12B in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $12.87, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 22.0% increase from fiscal 2024 diluted EPS of $10.55. The revenue-to-assets relationship was 0.67x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $1.30B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 37.2% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $633.52M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 18.1%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $484.23M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 13.8% margin after operating costs and the remaining recognized items. Pretax income was $620.01M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 17.7%, relating income before taxes directly to revenue. Income tax expense totaled $135.78M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 21.9%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

Total assets were $5.22B, supported by $2.69B of liabilities and $2.53B of shareholder equity. Current assets were $2.02B against $1.41B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.44x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $371.35M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 26.4% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $957.88M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.38x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 18.3%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 51.5%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 7.1% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 4.7% from $4.99B in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

The company reported $643.40M of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 1.33x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $89.69M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 13.9%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $553.71M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 15.8%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 10.6%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.