CW
Curtiss-Wright Corporation
CW's fundamentals are strong, but it looks expensive: trading at 32x earnings, above its usual 25x. Analysts expect earnings growth.
CW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Healthy |
CW's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
CW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $311 | -35% |
| Fair | 25x | $369 | -23% |
| Forward | 28x | $477 | — |
| Current | 32x | $477 | — |
| Expensive | 40x | $606 | +27% |
Historical ranges are pointers, not guarantees.
CW's PE is in its expensive range at 32x. If earnings grow as analysts expect, today's price would be 28x next year's earnings, in its fair range.
CW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CW, with profitability improving.
CW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $16.88 | +13% |
| Q3 2026 | $14.99 | +22% |
| Q2 2026 | $14.53 | +23% |
| Q1 2026 | $13.65 | +21% |
| Q4 2025 | $12.87 | +22% |
| Q3 2025 | $12.27 | +16% |
| Q2 2025 | $11.85 | +16% |
| Q1 2025 | $11.24 | +16% |
| Q4 2024 | $10.55 | +15% |
CW's earnings per share have climbed steadily: $14.99 over the past year, up 22% from the year before, and higher year over year for 21 quarters in a row.
CW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $952.6M | +9.6% |
| Q2 2026 | $924M | +5.4% |
| Q1 2026 | $913.7M | +13% |
| Q4 2025 | $947M | +15% |
| Q3 2025 | $869.2M | +8.8% |
| Q2 2025 | $876.6M | +12% |
| Q1 2025 | $805.6M | +13% |
| Q4 2024 | $824.3M | +4.9% |
CW's revenue has grown year over year for 17 quarters in a row: $953M last quarter, up 9.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +0.6 points |
| Q2 2026 | 19% | +1.5 points |
| Q1 2026 | 17% | +1.4 points |
| Q4 2025 | 19% | +0.4 points |
| Q3 2025 | 19% | +1 points |
| Q2 2025 | 18% | +1.4 points |
| Q1 2025 | 16% | +2 points |
| Q4 2024 | 19% | -1.7 points |
CW's operating margin was 20% last quarter, up 0.6 points from the same quarter a year ago.
CW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $140.4M | -20% |
| Q2 2026 | $151.7M | +29% |
| Q1 2026 | -$17.5M | +$37.1M |
| Q4 2025 | $315.1M | +13% |
| Q3 2025 | $175.9M | +8.1% |
| Q2 2025 | $117.2M | +17% |
| Q1 2025 | -$54.5M | +$3.2M |
| Q4 2024 | $278M | +3.1% |
CW generated $590M in free cash flow over the past year, up 14% from the year before.
CW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -270K shares |
| 1 year | -2.2% | -813K shares |
| 3 years | -4.4% | -1.7M shares |
| 5 years | -10% | -4.1M shares |
| Available history | -14% | -6.2M shares |
CW has 37M diluted shares, down 2.2% from a year ago, with $522M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $352.4M |
| Q2 2026 | $14.7M |
| Q1 2026 | $14.5M |
| Q4 2025 | $139.8M |
| Q3 2025 | $290M |
| Q2 2025 | $20.8M |
| Q1 2025 | $14.3M |
| Q4 2024 | $112.4M |
CW spent $522M buying back its own shares over the past year, up 19% from the year before.
CW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.8x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.8x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 1.0x | Healthy |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 1.0x | Healthy |
CW's net debt is less than a year of its operating earnings (EBITDA), down from a year a year ago.
CW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.6 | Oversold |
| Stochastic | 10.4 | Oversold |
CW's weekly RSI is 30 (oversold) and its Stochastic is 10 (oversold).
CW PE vs Industrials Sector
| Metric | CW | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 24x | 32% above |
| PE % | 72 | 58 | 14 pts above |
CW is trading at 32x earnings, a 32% premium to the Industrials sector's median of 24x.
CW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $497.7 | 4.2% below |
| 20 week MA | $599.7 | 20% below |
| 50 week MA | $645.7 | 26% below |
| 100 week MA | $539.5 | 12% below |
| 200 week MA | $388.5 | 23% above |
CW has fallen below most of its moving averages, though it's still 23% above its 200-week average.
CW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $141.7 | $113.3 | -20% |
| 2021 | $113.3 | $135.9 | +20% |
| 2022 | $135.9 | $165.0 | +21% |
| 2023 | $165.0 | $222.8 | +35% |
| 2024 | $222.8 | $359.4 | +61% |
| 2025 | $359.4 | $566.2 | +58% |
| 2026 YTD | $566.2 | $477.0 | -16% |
CW has finished higher in five of the last six years, two of them by more than 50%. It's down 16% so far in 2026.