Curtiss-Wright (CW)
NYSE:CW
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Curtiss-Wright
(NYSE:CW)
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Rating:72Outperform
Price Target:
$704.00
▼(-3.42% Downside)
Action:ReiteratedDate:02/13/26
The score is driven primarily by strong underlying financial performance (expanding margins, rising ROE, solid FCF) and a positive earnings outlook with record cash flow guidance. Offsetting factors are a premium valuation (high P/E and low yield) and a mixed near-term technical picture despite a longer-term uptrend.
Positive Factors
Revenue & Margin Expansion
Curtiss‑Wright shows durable topline and profitability improvement: multi-year revenue growth with sustained operating margin expansion to the high teens. That operating leverage improves cash generation and ROE, supporting reinvestment and shareholder returns over the medium term.
Negative Factors
Government Timing Exposure
Significant exposure to government appropriations and program timing creates durable revenue recognition volatility: order postponements can shift quarters and compress near‑term growth despite long‑term defense demand, complicating working capital and guidance reliability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
Curtiss‑Wright shows durable topline and profitability improvement: multi-year revenue growth with sustained operating margin expansion to the high teens. That operating leverage improves cash generation and ROE, supporting reinvestment and shareholder returns over the medium term.
Read all positive factors
Curtiss-Wright (CW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.88B
Dividend Yield0.16%
Average Volume (3M)366.71K
Price to Earnings (P/E)42.6
Beta (1Y)1.11
Revenue Growth9.51%
EPS Growth16.03%
CountryUS
Employees8,900
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)3.79
Shares Outstanding36,869,530
10 Day Avg. Volume273,750
30 Day Avg. Volume366,712
Financial Highlights & Ratios
PEG Ratio1.94
Price to Book (P/B)8.14
Price to Sales (P/S)5.90
P/FCF Ratio37.25
Enterprise Value/Market Cap1.04
Enterprise Value/Revenue7.95
Enterprise Value/Gross Profit21.37
Enterprise Value/Ebitda37.05
Forecast
1Y Price Target
$712.50Price Target Upside-2.26% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)15.03
Revenue Forecast (FY)$3.75B
Curtiss-Wright Business Overview & Revenue Model
Company Description
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments:...
How the Company Makes Money
Curtiss-Wright generates revenue through multiple key streams primarily related to the manufacturing and supply of engineered products and systems. The majority of its revenue comes from the Defense segment, which provides advanced technologies an...
Curtiss-Wright Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call presented strong financial momentum with record full-year results, double-digit revenue and EPS growth, robust free cash flow, meaningful backlog growth, and confident 2026 guidance for sales, margin expansion, and cash flow. Challenges were largely timing and mix related — chiefly order timing in ground defense due to government continuing resolution effects, higher near-term R&D and prototyping mix pressures, and elevated capex needs. Management emphasized durable secular tailwinds in defense and commercial nuclear, disciplined capital allocation (record buybacks and dividend growth), and continued investments in R&D and operational excellence, supporting a constructive outlook despite some short-term timing uncertainties.Positive Updates
Quarterly Revenue Growth
Q4 2025 revenue of $947,000,000, up 15% year-over-year, driven by 11% organic growth and contribution from the I&C Solutions acquisition.
Negative Updates
Timing-Related Order Delays in Ground Defense
Continuing Resolution (CR) and government timing delays pushed some Defense Electronics orders from 2025 into 2026, resulting in a Defense Electronics book-to-bill of 0.96 for the period and a conservative 2026 guide for Ground Defense (expected decline of 4%–6%).
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly Revenue Growth
Q4 2025 revenue of $947,000,000, up 15% year-over-year, driven by 11% organic growth and contribution from the I&C Solutions acquisition.
Read all positive updates
Company Guidance
Curtiss‑Wright guided to total organic sales growth of 6%–8% in 2026 with operating income growth of 8%–11% and operating margin expanding 30–60 basis points to 18.9%–19.2%; diluted EPS is projected to rise 11%–15% to $14.70–$15.15, with first‑quarter sales up high single‑digits, Q1 operating income growing low double‑digits and Q1 EPS in the high‑teens (including a $0.10 benefit from a lower Q1 tax rate). By segment, Aerospace & Industrial sales are expected to grow 5%–7% (op income +11%–14%, margin 18.3%–18.5%), Defense Electronics sales +4%–6% (op income +4%–6%, margin 27.3%–27.5%, including $4M of incremental internal R&D), and Enablement Power sales +8%–9% (op income +10%–13%, margin +30–50 bps). Financial items include record free cash flow of $575M–$595M with ~105% FCF conversion, other income up ~$3M–$4M, a targeted tax rate of ~21.5%, $110M–$120M in capex (up >25% YoY), a $200M senior note payoff in December, and an initial $60M of planned share repurchases to start 2026; management also targets an improved working capital level of roughly 18% of sales.Curtiss-Wright Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.50B | 3.12B | 2.85B | 2.56B | 2.50B |
| Gross Profit | 1.30B | 1.15B | 1.07B | 954.61M | 927.80M |
| EBITDA | 638.02M | 674.59M | 630.63M | 548.20M | 503.58M |
| Net Income | 484.23M | 404.98M | 354.51M | 294.35M | 262.83M |
Balance Sheet | |||||
| Total Assets | 5.22B | 4.99B | 4.62B | 4.45B | 4.10B |
| Cash, Cash Equivalents and Short-Term Investments | 371.35M | 385.04M | 406.87M | 256.97M | 171.00M |
| Total Debt | 1.31B | 1.23B | 1.20B | 1.41B | 1.20B |
| Total Liabilities | 2.69B | 2.54B | 2.29B | 2.47B | 2.28B |
| Stockholders Equity | 2.53B | 2.45B | 2.33B | 1.98B | 1.83B |
Cash Flow | |||||
| Free Cash Flow | 553.71M | 483.30M | 403.42M | 256.56M | 346.56M |
| Operating Cash Flow | 643.40M | 544.27M | 448.09M | 294.78M | 387.67M |
| Investing Cash Flow | -90.12M | -283.31M | -35.52M | -325.87M | -42.40M |
| Financing Cash Flow | -578.30M | -271.49M | -273.40M | 129.43M | -369.13M |
Curtiss-Wright Technical Analysis
Positive
728.96
Price Trends
681.39
Positive
628.21
Positive
570.66
Positive
Market Momentum
6.12
Negative
60.68
Neutral
84.84
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CW, the sentiment is Positive. The current price of 728.96 is above the 20-day moving average (MA) of 684.87, above the 50-day MA of 681.39, and above the 200-day MA of 570.66, indicating a bullish trend. The MACD of 6.12 indicates Negative momentum. The RSI at 60.68 is Neutral, neither overbought nor oversold. The STOCH value of 84.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CW.
Curtiss-Wright Risk Analysis
Curtiss-Wright disclosed 34 risk factors in its most recent earnings report. Curtiss-Wright reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Curtiss-Wright Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $23.55B | 33.82 | 19.63% | 0.35% | 7.30% | 19.54% | |
72 Outperform | $26.88B | 42.60 | 18.74% | 0.16% | 9.51% | 16.03% | |
68 Neutral | $15.91B | 17.04 | 12.25% | 0.09% | 1.83% | -0.73% | |
64 Neutral | $21.20B | 47.98 | 27.65% | 0.56% | 14.01% | 10.92% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $13.91B | 606.55 | 1.20% | ― | 14.00% | 23.78% | |
49 Neutral | $9.33B | -21.68 | -6.41% | ― | 79.89% | -171.81% |
* Industrials Sector Average
CW
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126.36%
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Curtiss-Wright Corporate Events
Business Operations and StrategyStock BuybackDividends
Curtiss-Wright Expands Share Repurchase Authorization
Positive
Nov 21, 2025
On November 20, 2025, Curtiss-Wright Corporation announced an increase in its share repurchase authorization to $550 million, with an additional $416 million approved for future repurchases. The company also declared a quarterly dividend of $0.24 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.