Curtiss Wright Corp

Technology
Industrial Machinery/Components
www.curtisswright.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $13.66B
PE 34
Debt $1.14B
Cash $385.04M
EV $14.42B
FCF $483.30M

Earnings

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Sales & Net Margins

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Earnings	$404.98M
EBIT	$528.60M
ROE	17%
ROA	11%
FCF	$483.30M
Equity	$2.45B
Growth Stability	76%
PE	33.73
PEG	2.55
PB	5.58
P/FCF	28.27
P/S	4.38
Price/Cash	0.03
Debt/Equity	0.46
Debt/FCF	2.36
Net Margins	13%
Gross Margins	37%
Op. Margins	17%
Earnings CAGR	8%
Sales Growth YoY	5%
Sales Growth QoQ	3%
Sales CAGR	4%
FCF CAGR	2%
Equity CAGR	7%
Earnings Stability	0.65
Earnings Growth YoY	-2%
Earnings Growth QoQ	6%
Earnings CAGR 5Y	13%

Sales CAGR 5Y	6%
FCF CAGR 5Y	16%
Equity CAGR 5Y	9%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	42%
Equity CAGR 3Y	13%
Market Cap	$13.66B
Revenue	$3.12B
Dividend Yield	0%
Payout Ratio	8%
Assets	$4.99B
Total Debt	$1.14B
Cash	$385.04M
Shares Outstanding	37.65M
EV	14.42B
Earnings Score	81%
Moat Score	93%
Safety Score	90%
Final Score	88%
Working Capital	753.65M
Current Ratio	1.69
Gross Profit	$1.15B
Shares Growth 3y	-0%
Equity Growth QoQ	-2%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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Curtiss-Wright Corporation delivers engineered products and services to commercial, defence, power generation, and other industrial markets. It offers industrial vehicle components, control systems and weapons handling systems, pumps, valves, and other solutions. The diversified global company attempts to deliver products on high-performance platforms that require technical sophistication. It has three operating segments based on the markets serviced: Naval & Power which provides coolant pumps, power-dense compact motors, generators, secondary propulsion systems, pumps, pump seals, valves, control rod drive mechanisms, and fastening systems also generate the majority of revenue for the company; Its others segments are Aerospace & Industrial and Defense Electronics.

SEC Filings

Direct access to Curtiss Wright Corp (CW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Curtiss Wright Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Curtiss Wright Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 8%

Stability 65%

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Curtiss Wright Corp Discounted Cash Flow

Fully customizable DCF calculator online for Curtiss Wright Corp.

Years

Calculation mode

= $5.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$483M	$495M	$507M	$520M	$532M	$545M	$559M	$572M	$586M	$601M	$615M	$6.2B
DCF		$450M	$419M	$390M	$364M	$339M	$315M	$294M	$274M	$255M	$237M	$2.4B
Value	$5.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	7%	9%	9%	11%	12%	8%	11%	12%	12%	13%	13%
ROA	-	10%	11%	12%	11%	7%	9%	10%	10%	11%	11%
ROE	-	15%	14%	18%	17%	11%	15%	15%	15%	17%	17%

Good Net Margins (12.98%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	2.97	2.42	2.7	2.16	5.42	3.03	5.68	2.6	2.36	2.36
Debt over Equity	0.76	0.87	0.53	0.5	0.43	0.65	0.58	0.73	0.45	0.46	0.46
Growth Stability	-	-	-	100%	100%	76%	100%	100%	100%	100%	76%

Neutral Debt/FCF ratio (2.36)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.46)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (76%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-4%	8%	6%	3%	-4%	5%	2%	11%	10%	6%
Earnings YoY growth	-	29%	15%	28%	12%	-35%	33%	10%	20%	14%	13%
Equity YoY growth	-	3%	18%	0%	16%	1%	2%	9%	17%	5%	9%
FCF YoY growth	-	196%	-11%	-16%	24%	-39%	62%	-26%	57%	20%	16%