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Curtiss-Wright
(NYSE:CW)
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Rating:75Outperform
Price Target:
$803.00
▲(7.04% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by strong underlying financial performance (healthy margins, rising earnings, solid free cash flow and improved leverage) and a notably constructive earnings call with raised 2026 guidance and strong order momentum. Offsetting these positives are a weaker near-term technical picture (below key short/intermediate moving averages with negative MACD) and a demanding valuation (P/E ~52.7 with a very low dividend yield).
Positive Factors
Margins & Profitability
Sustained high margins reflect structural pricing power and engineering-driven product mix across regulated, mission-critical markets. Durable margin levels support reinvestment, shareholder returns and resilience to cyclical demand, underpinning long-term operating profitability and ROE.
Negative Factors
Revenue Lumpiness
Program award and timing-driven recognition create material quarter-to-quarter swings that persist as a structural feature of defense/nuclear contracting. This makes near-term revenue and margin delivery uneven, complicating forecasting, working capital planning and investor visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Margins & Profitability
Sustained high margins reflect structural pricing power and engineering-driven product mix across regulated, mission-critical markets. Durable margin levels support reinvestment, shareholder returns and resilience to cyclical demand, underpinning long-term operating profitability and ROE.
Read all positive factors
Curtiss-Wright (CW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.44B
Dividend Yield0.14%
Average Volume (3M)271.55K
Price to Earnings (P/E)47.9
Beta (1Y)1.07
Revenue Growth10.54%
EPS Growth22.56%
CountryUS
Employees9,200
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)14.61
Shares Outstanding36,934,444
10 Day Avg. Volume213,228
30 Day Avg. Volume271,545
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$788.50Price Target Upside5.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)15.26
Revenue Forecast (FY)$3.80B
Curtiss-Wright Business Overview & Revenue Model
Company Description
Curtiss-Wright Corporation (CW), along with its affiliated entities, delivers highly engineered products, comprehensive solutions, and a variety of services to a global client base across the aerospace, defense, general industrial, and power gener...
How the Company Makes Money
Curtiss-Wright primarily makes money by selling engineered products and related services to customers in aerospace & defense, nuclear, and industrial end markets. Revenue is generated through (1) product sales: manufacturing and delivering high-re...
Curtiss-Wright Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial trajectory: revenue, operating income, EPS, free cash flow and backlog all improved and guidance was raised. Multiple segments reported robust orders and margin expansion, and management announced targeted investments (facility expansion, MIB funding) and strong commercial nuclear opportunities (AP1000). Near-term challenges are primarily timing‑related (lumpy Defense Electronics and Naval & Power revenues), elevated R&D and capex investments, and supply‑chain pressures that could introduce execution risk in the short term. On balance, the highlights substantially outweigh the lowlights, supporting confidence in sustained medium‑ to long‑term growth.Positive Updates
Revenue Growth
Second quarter sales of $924 million, up 5% year-over-year; first half sales growth ~9% year-to-date with full-year sales guidance raised to +8% to +9%.
Negative Updates
Timing-Driven Sales Volatility in Defense Electronics
Defense Electronics Q2 sales were down ~3% year-over-year due to timing of prior-year tactical communications orders; management expects flat Q3 and a heavily back‑loaded Q4, indicating lumpiness in near-term revenue recognition.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth
Second quarter sales of $924 million, up 5% year-over-year; first half sales growth ~9% year-to-date with full-year sales guidance raised to +8% to +9%.
Read all positive updates
Company Guidance
Curtiss‑Wright raised its full‑year 2026 guidance: total sales are now expected to increase 8–9%, operating income to grow 11–13% with an overall operating margin of 19.1–19.3% (up 50–70 bps), diluted EPS of $15.10–$15.40 (up ~14–16%), and record free cash flow of $585–$605 million with free‑cash‑flow conversion at or above ~105% despite a nearly 30% increase in capex and working capital targeted below 18% of sales. By segment: A&I sales +8–10% with operating income +15–17% and margins ~18.5–18.7% (110–130 bps expansion); Defense Electronics sales +4–6% with operating income +5–7% and margins ~27.5–27.7% (20–40 bps); Naval & Power sales +10–11% with operating income +14–16% and margin expansion of 50–70 bps. Management expects modest Q3 sales growth versus Q2 with Q3 income/margins roughly flat sequentially and a strong Q4 (>$20% operating margin expected in the fourth quarter), while order momentum remains strong (Q2 sales were $924M, Q2 orders +8% and orders up 12% year‑to‑date with book‑to‑bill >1.2x YTD); Q2 free cash flow was $160M (up 37% YoY) with 115% cash conversion.Curtiss-Wright Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.65B | 3.50B | 3.12B | 2.85B | 2.56B | 2.50B |
| Gross Profit | 1.38B | 1.30B | 1.15B | 1.07B | 954.61M | 927.80M |
| EBITDA | 823.62M | 787.98M | 674.59M | 630.63M | 548.20M | 503.58M |
| Net Income | 541.18M | 484.23M | 404.98M | 354.51M | 294.35M | 262.83M |
Balance Sheet | ||||||
| Total Assets | 5.46B | 5.22B | 4.99B | 4.62B | 4.45B | 4.10B |
| Cash, Cash Equivalents and Short-Term Investments | 477.15M | 371.35M | 385.04M | 406.87M | 256.97M | 171.00M |
| Total Debt | 1.15B | 1.31B | 1.23B | 1.20B | 1.41B | 1.20B |
| Total Liabilities | 2.69B | 2.69B | 2.54B | 2.29B | 2.47B | 2.28B |
| Stockholders Equity | 2.77B | 2.53B | 2.45B | 2.33B | 1.98B | 1.83B |
Cash Flow | ||||||
| Free Cash Flow | 625.29M | 553.71M | 483.30M | 403.42M | 256.56M | 346.56M |
| Operating Cash Flow | 721.11M | 643.40M | 544.27M | 448.09M | 294.78M | 387.67M |
| Investing Cash Flow | -85.92M | -90.12M | -283.31M | -35.52M | -325.87M | -42.40M |
| Financing Cash Flow | -482.27M | -578.30M | -271.49M | -273.40M | 129.43M | -369.13M |
Curtiss-Wright Technical Analysis
Negative
750.19
Price Trends
740.88
Negative
729.06
Negative
672.48
Positive
Market Momentum
-10.28
Positive
41.50
Neutral
28.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CW, the sentiment is Negative. The current price of 750.19 is above the 20-day moving average (MA) of 721.81, above the 50-day MA of 740.88, and above the 200-day MA of 672.48, indicating a neutral trend. The MACD of -10.28 indicates Positive momentum. The RSI at 41.50 is Neutral, neither overbought nor oversold. The STOCH value of 28.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $25.44B | 47.87 | 20.69% | 0.13% | 10.54% | 22.56% | |
72 Outperform | $21.17B | 40.06 | 21.75% | 0.29% | 22.35% | 41.77% | |
69 Neutral | $15.14B | 16.79 | 11.93% | 0.08% | 8.80% | 19.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $15.61B | 44.64 | 27.92% | 0.60% | 22.70% | 20.60% | |
57 Neutral | $11.79B | 373.51 | 1.14% | ― | 25.50% | 86.96% | |
52 Neutral | $9.59B | -30.22 | -6.05% | ― | 140.89% | -448.13% |
* Industrials Sector Average
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Curtiss-Wright Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Curtiss-Wright Secures Expanded $1 Billion Credit Facility
Positive
May 20, 2026
On May 19, 2026, Curtiss-Wright entered into a new syndicated revolving credit facility worth $1 billion with a consortium of nine banks, replacing its prior $750 million facility that had been scheduled to mature in May 2027. The new facility, wh...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Curtiss-Wright Shareholders Reelect Board and Approve Governance
Positive
May 8, 2026
At its Annual Meeting of Stockholders held on May 7, 2026, Curtiss-Wright shareholders elected all nominated directors, including CEO Lynn M. Bamford and eight other board members, with each candidate receiving a strong majority of votes cast. The...
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.