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Relative valuation derived from Industrials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
18.1%
Sector: 8.9%
Dividend Analysis audit
GROWTH
0.17%
Trailing Yield
$0.17
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
10%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, CURTISS WRIGHT CORP (CW) receives a "Hold" rating with a composite score of 52.9/100, ranked #302 out of 4446 stocks. Key factor scores: Quality 50/100, Value 50/100, Momentum 70/100. This is quantitative analysis only — not investment advice.
CURTISS WRIGHT CORP (CW) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does CURTISS WRIGHT CORP Do?
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: Aerospace & Industrial, Defense Electronics, and Naval & Power. The Aerospace & Industrial segment offers industrial vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; sensors, controls and electro-mechanical actuation components used in commercial and military aircraft; and surface technology services, including shot peening, laser peening, and coatings. The Defense Electronics segment provides commercial off-the-shelf embedded computing board-level modules, data acquisition and flight test instrumentation equipment, integrated subsystems, instrumentation and control systems, turret aiming and stabilization products, and weapons handling systems; avionics and electronics; flight test equipment; and aircraft data management solutions. The Naval & Power segment offers hardware, pumps, pump seals, control rod drive mechanisms, valves, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing products for nuclear power plants and nuclear equipment manufacturers; and naval propulsion and auxiliary equipment, including coolant pumps, power-dense compact motors, generators, steam turbines, valves, and secondary propulsion systems, as well as ship repair and maintenance services primarily to the U.S. navy. Curtiss-Wright Corporation was founded in 1929 and is headquartered in Davidson, North Carolina. CURTISS WRIGHT CORP (CW) is classified as a large-cap stock in the Industrials sector, specifically within the Machinery industry. The company is led by CEO Lynn M. Bamford and employs approximately 8,100 people, headquartered in CHARLOTTE, North Carolina. With a market capitalization of $25.7B, CW is one of the prominent companies in the Industrials sector.
CURTISS WRIGHT CORP (CW) Stock Rating — Hold (April 2026)
As of April 2026, CURTISS WRIGHT CORP receives a Hold rating with a composite score of 52.9/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.CW ranks #302 out of 4,446 stocks in our coverage universe. Within the Industrials sector, CURTISS WRIGHT CORP ranks #56 of 752 stocks, placing it in the top 10% of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CW Stock Price and 52-Week Range
CURTISS WRIGHT CORP (CW) currently trades at $727.10. The stock gained $4.58 (0.6%) in the most recent trading session. The 52-week high for CW is $719.05, which means the stock is currently trading 1.1% from its annual peak. The 52-week low is $266.88, putting the stock 172.4% above its annual trough. Recent trading volume was 118K shares, suggesting relatively thin trading activity.
Is CW Overvalued or Undervalued? — Valuation Analysis
CURTISS WRIGHT CORP (CW) carries a value factor score of 50/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 56.35x, compared to the Industrials sector average of 28.33x — a premium of 99%. The price-to-book ratio stands at 10.20x, versus the sector average of 2.23x. The price-to-sales ratio is 7.71x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, CW trades at 37.38x EV/EBITDA, versus 5.70x for the sector. The EV/EBIT multiple is 39.82x.
Overall, CW's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
CURTISS WRIGHT CORP Profitability — ROE, Margins, and Quality Score
CURTISS WRIGHT CORP (CW) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 18.1%, compared to the Industrials sector average of 8.9%, which is within a healthy range. Return on assets (ROA) comes in at 8.8% versus the sector average of 3.3%.
On a margin basis, CURTISS WRIGHT CORP reports gross margins of 37.1%, compared to 35.8% for the sector. The operating margin is 17.8% (sector: 6.2%). Net profit margin stands at 13.7%, versus 3.9% for the average Industrials stock. Revenue growth is running at 10.8% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
CW Debt, Balance Sheet, and Financial Health
CURTISS WRIGHT CORP has a debt-to-equity ratio of 38.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.44x, suggesting adequate working capital coverage. Total debt on the balance sheet is $958M. Cash and equivalents stand at $225M.
CW has a beta of 0.98, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for CURTISS WRIGHT CORP is 65/100, reflecting average volatility within the normal range for its sector.
CURTISS WRIGHT CORP Revenue and Earnings History — Quarterly Trend
In TTM 2026, CURTISS WRIGHT CORP reported revenue of $3.35B and earnings per share (EPS) of $12.94. Net income for the quarter was $458M. Gross margin was 37.1%. Operating income came in at $597M.
In FY 2025, CURTISS WRIGHT CORP reported revenue of $3.50B and earnings per share (EPS) of $12.94. Net income for the quarter was $484M. Gross margin was 37.2%. Revenue grew 12.1% year-over-year compared to FY 2024. Operating income came in at $634M.
In Q3 2025, CURTISS WRIGHT CORP reported revenue of $869M and earnings per share (EPS) of $3.34. Net income for the quarter was $125M. Gross margin was 37.7%. Revenue grew 8.8% year-over-year compared to Q3 2024. Operating income came in at $166M.
In Q2 2025, CURTISS WRIGHT CORP reported revenue of $877M and earnings per share (EPS) of $3.21. Net income for the quarter was $121M. Gross margin was 37.2%. Revenue grew 11.7% year-over-year compared to Q2 2024. Operating income came in at $156M.
Over the past 8 quarters, CURTISS WRIGHT CORP has demonstrated a growth trajectory, with revenue expanding from $785M to $3.35B. Investors analyzing CW stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CW Dividend Yield and Income Analysis
CURTISS WRIGHT CORP (CW) currently pays a dividend yield of 0.2%. At this yield, a $10,000 investment in CW stock would generate approximately $$17.00 in annual dividend income. The net margin of 13.7% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
CW Momentum and Technical Analysis Profile
CURTISS WRIGHT CORP (CW) has a momentum factor score of 70/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 29/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 36/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
CW vs Competitors — Industrials Sector Ranking and Peer Comparison
Comparing CW against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CW vs S&P 500 (SPY) comparison to assess how CURTISS WRIGHT CORP stacks up against the broader market across all factor dimensions.
CW Next Earnings Date
No upcoming earnings date has been announced for CURTISS WRIGHT CORP (CW) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CW? — Investment Thesis Summary
CURTISS WRIGHT CORP presents a balanced picture with arguments on both sides. Price momentum is positive at 70/100, suggesting the trend favors buyers. Low volatility (stability score 65/100) reduces downside risk.
In summary, CURTISS WRIGHT CORP (CW) earns a Hold rating with a composite score of 52.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CW stock.
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Institutional Research Dossier
CURTISS WRIGHT CORP (CW) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
We maintain our Hold rating on Curtiss-Wright (CW). While the company exhibits strong profitability and operates in attractive niche markets within aerospace, defense, and power generation, its current valuation appears stretched, particularly when compared to sector peers. The company's high P/E ratio and EV/EBITDA multiple suggest that much of its future growth is already priced into the stock, limiting potential upside in the near term.
Curtiss-Wright's consistent revenue growth and robust operating margins are commendable, driven by its diversified portfolio and strategic acquisitions. However, the relatively low Investment score in our quant model raises concerns about the efficiency of capital allocation and the sustainability of its growth trajectory. While the company's momentum is strong, we believe a more attractive entry point may present itself as valuation multiples normalize or as the company demonstrates improved capital efficiency.
Business Strategy & Overview
Curtiss-Wright operates as a diversified industrial company, providing engineered products, solutions, and services across three primary segments: Aerospace & Industrial, Defense Electronics, and Naval & Power. This diversification mitigates risk by reducing reliance on any single end market. The Aerospace & Industrial segment focuses on critical components for commercial and military aircraft, as well as industrial vehicle products. The Defense Electronics segment supplies embedded computing, data acquisition systems, and integrated subsystems for defense applications. The Naval & Power segment provides essential hardware and services for nuclear power plants and naval vessels, including propulsion systems and maintenance services.
The company's strategic positioning centers on providing highly engineered, mission-critical solutions that often operate in regulated or specialized markets. This focus allows Curtiss-Wright to command premium pricing and maintain strong relationships with key customers. A significant portion of the company's revenue is derived from long-term contracts, providing a degree of revenue visibility and stability. Furthermore, Curtiss-Wright actively pursues strategic acquisitions to expand its product offerings, enhance its technological capabilities, and penetrate new markets. These acquisitions are typically bolt-on in nature, complementing the company's existing businesses and contributing to organic growth.
Curtiss-Wright's business model emphasizes innovation and technological leadership. The company invests in research and development to develop new products and improve existing ones, ensuring that it remains at the forefront of its respective markets. This commitment to innovation is particularly evident in its Defense Electronics segment, where it develops advanced computing and communication systems for military applications. The company also benefits from the increasing demand for advanced technologies in the aerospace and defense industries, driven by factors such as the modernization of military fleets and the growing adoption of electric and autonomous vehicles.
The company's exposure to the nuclear power market, while potentially lucrative, also presents unique challenges. The regulatory environment surrounding nuclear power is stringent, and the company must adhere to strict safety and quality standards. Furthermore, the nuclear power industry is subject to political and social pressures, which can impact demand for Curtiss-Wright's products and services. However, the company's long-standing relationships with nuclear power plant operators and its expertise in providing critical components for nuclear reactors provide a competitive advantage.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
10.8%
Sector: 6.4%
+69% VS SCTR
Economic Moat Analysis
Curtiss-Wright possesses a narrow economic moat, primarily derived from a combination of switching costs, intangible assets, and specialized expertise. The company's products and services are often deeply embedded in its customers' operations, creating significant switching costs. For example, its embedded computing systems in defense applications and its critical components in nuclear power plants require extensive integration and validation, making it costly and time-consuming for customers to switch to alternative suppliers. This embeddedness provides Curtiss-Wright with a degree of pricing power and customer loyalty.
The company's intangible assets, including its proprietary technologies, patents, and brand reputation, also contribute to its moat. Curtiss-Wright has developed a strong reputation for providing high-quality, reliable products and services, particularly in demanding applications such as aerospace and defense. This reputation is built on decades of experience and a track record of innovation. The company's patents protect its proprietary technologies and prevent competitors from easily replicating its products. However, the company's reliance on government contracts and the potential for technological obsolescence limit the strength of its intangible assets.
Specialized expertise is another important source of Curtiss-Wright's competitive advantage. The company employs a team of highly skilled engineers and technicians who possess deep knowledge of its target markets and technologies. This expertise allows Curtiss-Wright to develop customized solutions that meet the specific needs of its customers. The company's expertise is particularly valuable in the nuclear power industry, where it provides specialized services such as reactor maintenance and fuel handling. However, the company's reliance on specialized expertise also creates a potential vulnerability, as it may be difficult to replace key employees or maintain its expertise in the face of technological change.
While Curtiss-Wright's moat is not as wide as that of some other industrial companies, its combination of switching costs, intangible assets, and specialized expertise provides it with a sustainable competitive advantage. The company's ability to command premium pricing and maintain strong customer relationships is evidence of its moat. However, the company's reliance on government contracts and the potential for technological obsolescence limit the strength of its moat. Furthermore, the company faces competition from larger, more diversified industrial companies, which may have greater financial resources and broader product portfolios.
Financial Health & Profitability
Curtiss-Wright demonstrates solid financial health, characterized by consistent revenue growth, strong profitability, and a manageable debt load. The company's revenue has grown steadily over the past several years, driven by organic growth and strategic acquisitions. The TTM revenue of $3.50 billion represents a significant increase from the $2.85 billion reported in FY2023, indicating a healthy growth trajectory. This growth is further evidenced by the 10.8% revenue growth compared to the sector average of 6.6%.
The company's profitability is also impressive, with a TTM net income of $484.23 million and an EBITDA of $758.34 million. The company's operating margin of 17.8% significantly exceeds the sector average of 6.2%, highlighting its ability to generate strong profits from its operations. The gross margin of 37.1% is also above the sector average of 35.8%, indicating efficient cost management. The company's ROE of 18.1% is substantially higher than the sector average of 9.2%, demonstrating its ability to generate strong returns on equity.
Curtiss-Wright's balance sheet is relatively healthy, with total cash of $225.43 million and total debt of $957.88 million. The company's debt-to-equity ratio of 38.00 is significantly lower than the sector average of 70.00, indicating a conservative capital structure. The current ratio of 1.44 suggests that the company has sufficient liquid assets to cover its short-term liabilities. However, the company's debt load should be monitored closely, as it could limit its financial flexibility in the future.
The company's free cash flow generation is also strong, with a TTM free cash flow of $488.37 million. This strong cash flow provides the company with the financial resources to invest in organic growth, pursue strategic acquisitions, and return capital to shareholders. However, the absence of quarterly FCF data in the provided information limits our ability to assess the consistency of the company's cash flow generation. The quarterly financial history reveals a consistent trend of revenue and net income growth, with operating margins remaining relatively stable. This consistent performance provides confidence in the company's ability to maintain its financial health in the future.
Valuation Assessment
Curtiss-Wright's valuation appears stretched compared to its sector peers. The company's P/E ratio of 51.9x is significantly higher than the sector average of 27.7x, suggesting that the stock is trading at a premium to its earnings. Similarly, the company's EV/EBITDA multiple of 8.5x is higher than the sector average of 5.7x, indicating that the company is more expensive relative to its earnings before interest, taxes, depreciation, and amortization. This premium valuation reflects the company's strong growth prospects and its high-quality business model, but it also limits potential upside in the near term.
While the company's revenue growth of 10.8% is higher than the sector average of 6.6%, it may not be sufficient to justify its premium valuation. The company's high P/E ratio suggests that investors are expecting significant future earnings growth, which may be difficult to achieve given the cyclical nature of some of its end markets. Furthermore, the company's valuation may be vulnerable to a correction if interest rates rise or if investor sentiment towards industrial stocks deteriorates.
A discounted cash flow (DCF) analysis would be necessary to determine the intrinsic value of Curtiss-Wright's stock. However, based on the available information, it appears that the stock is fairly valued to slightly overvalued. The company's strong growth prospects and its high-quality business model are already reflected in its current stock price. Therefore, investors may want to wait for a more attractive entry point before investing in Curtiss-Wright.
The company's valuation should also be considered in the context of its historical performance. Curtiss-Wright has consistently delivered strong revenue growth and profitability over the past several years, which has justified its premium valuation. However, past performance is not necessarily indicative of future results. The company's future growth may be constrained by factors such as increased competition, technological obsolescence, or a slowdown in the global economy. Therefore, investors should carefully consider the risks and uncertainties associated with investing in Curtiss-Wright before making a decision.
Risk & Uncertainty
Curtiss-Wright faces several specific risks that could impact its financial performance and stock price. One significant risk is its reliance on government contracts, particularly in the defense and aerospace sectors. Changes in government spending priorities, budget cuts, or political instability could negatively affect demand for the company's products and services. Furthermore, the company's government contracts are often subject to strict regulations and oversight, which could increase compliance costs and reduce profitability.
Another risk is the potential for technological obsolescence. Curtiss-Wright operates in industries that are characterized by rapid technological change. The company must continuously invest in research and development to develop new products and improve existing ones. Failure to keep pace with technological advancements could result in a loss of market share and a decline in profitability. The company's Defense Electronics segment is particularly vulnerable to technological obsolescence, as it develops advanced computing and communication systems for military applications.
Competition is also a significant risk for Curtiss-Wright. The company faces competition from larger, more diversified industrial companies, as well as smaller, more specialized firms. Increased competition could lead to price erosion and a decline in profitability. The company's Aerospace & Industrial segment faces competition from established players in the aerospace and industrial vehicle markets. The company's Naval & Power segment faces competition from companies that provide similar products and services to the nuclear power and naval industries.
Finally, Curtiss-Wright's acquisition strategy also presents certain risks. The company actively pursues strategic acquisitions to expand its product offerings and penetrate new markets. However, acquisitions can be difficult to integrate and may not always deliver the expected benefits. Furthermore, acquisitions can increase the company's debt load and dilute its earnings per share. The company must carefully evaluate potential acquisitions and ensure that they are a good fit with its existing businesses.
Bulls Say / Bears Say
The Bull Case
BULL VIEWCurtiss-Wright's diversified exposure to aerospace, defense, and power generation provides resilience and growth opportunities across multiple economic cycles.
BULL VIEWThe company's consistent operating margin expansion and strong free cash flow generation demonstrate superior execution and efficient capital allocation.
BULL VIEWStrategic acquisitions will continue to drive revenue growth and expand Curtiss-Wright's technological capabilities, solidifying its market leadership.
The Bear Case
BEAR VIEWCurtiss-Wright's high valuation multiples leave little room for error and expose the stock to significant downside risk if growth slows or margins contract.
BEAR VIEWReliance on government contracts makes the company vulnerable to budget cuts and political uncertainties, potentially impacting future revenue streams.
BEAR VIEWThe company's acquisition-driven growth strategy carries integration risks and could lead to overpayment for assets, diluting shareholder value.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score CW and 4,400+ other equities.
CURTISS WRIGHT CORP exhibits a 614% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
8.8%
Sector: 3.3%
Gross Margin
Pricing power and cost efficiency
37.1%
Sector: 35.8%
Operating Margin
Core business profitability
17.8%
Sector: 6.2%
Net Margin
Bottom-line profitability
13.7%
Sector: 3.9%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield0.00%
Yield Delta—
Income Projection audit
A $10,000 investment would generate approximately $17 annually in dividends at the current trailing rate.
