Curtiss-Wright Corporation (CW) Income Statement
CW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCW revenue and net income
Where CW's revenue goes
2025Each bar shows an amount and its share of revenue. CW kept 13.8% of revenue as net income.
CW profit margins
CW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +12.1% | +11.0% | +7.9% | +4.7% |
| Gross profit | +12.8% | +10.9% | +9.1% | +5.2% |
| Operating income | +20.7% | +14.6% | +17.2% | +7.5% |
| Net income | +19.6% | +18.0% | +19.2% | +12.8% |
| EPS (diluted) | +21.5% | +17.7% | +14.0% | +12.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CW quarterly EPS vs estimates
Curtiss-Wright beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 4, 2026 (estimate $3.78).
CW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.50B | $3.12B | $2.85B | $2.56B | $2.50B | $2.39B | $2.49B | $2.41B | $2.27B | $2.11B |
| Cost of revenue | $2.20B | $1.97B | $1.78B | $1.60B | $1.57B | $1.55B | $1.59B | $1.54B | $1.47B | $1.37B |
| Gross profit | $1.30B | $1.15B | $1.07B | $954.6M | $927.8M | $841.2M | $898.7M | $871.3M | $818.6M | $750.5M |
| Research & development | $95.2M | $91.6M | $85.8M | $80.8M | $88.5M | $74.8M | $72.5M | $64.5M | $60.3M | $58.6M |
| Sales, general & admin | $568.3M | $518.9M | $496.8M | $445.7M | $443.1M | $412.8M | $422.3M | $433.1M | $418.5M | $383.8M |
| Total operating expenses | $663.5M | $625.0M | $582.6M | $531.2M | $550.7M | $552.4M | $494.8M | $497.6M | $475.7M | $438.2M |
| Operating income | $638.0M | $528.6M | $484.6M | $423.4M | $377.1M | $288.8M | $404.0M | $373.6M | $325.1M | $296.5M |
| Interest income | $43.1M | $44.9M | $51.4M | $47.0M | $40.2M | $35.5M | $31.3M | $34.0M | $41.5M | $41.2M |
| Interest expense | $43.1M | $44.9M | $51.4M | $47.0M | $40.2M | $35.5M | $31.3M | $34.0M | $41.5M | $41.2M |
| Income before taxes | $620.0M | $522.1M | $463.1M | $389.2M | $349.0M | $263.1M | $396.5M | $356.2M | $299.6M | $268.0M |
| Income taxes | $135.8M | $117.1M | $108.6M | $94.8M | $86.1M | $61.7M | $88.9M | $80.5M | $84.7M | $78.6M |
| Net income | $484.2M | $405.0M | $354.5M | $294.3M | $262.8M | $201.4M | $307.6M | $275.7M | $214.9M | $187.3M |
| EBITDA | $788.0M | $674.6M | $630.6M | $548.2M | $503.6M | $414.5M | $530.2M | $493.2M | $441.1M | $405.2M |
| EPS (diluted) | $13.24 | $10.90 | $9.38 | $8.13 | $7.35 | $6.89 | $7.27 | $6.38 | $4.58 | $4.21 |
| Gross margin | 37.2% | 37.0% | 37.5% | 37.3% | 37.1% | 35.2% | 36.1% | 36.1% | 36.0% | 35.6% |
| Operating margin | 18.2% | 16.9% | 17.0% | 16.6% | 15.1% | 12.1% | 16.2% | 15.5% | 14.3% | 14.1% |
| Net margin | 13.8% | 13.0% | 12.5% | 11.5% | 10.5% | 8.4% | 12.4% | 11.4% | 9.5% | 8.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $924.0M | $913.7M | $947.0M | $869.2M | $876.6M | $805.6M | $824.3M | $798.9M | $784.8M | $713.2M | $785.8M | $724.3M |
| Cost of revenue | $559.9M | $582.2M | $591.5M | $541.7M | $550.4M | $513.2M | $506.9M | $500.7M | $500.7M | $459.4M | $481.1M | $442.9M |
| Gross profit | $364.1M | $331.5M | $355.4M | $327.5M | $326.2M | $292.5M | $317.4M | $298.3M | $284.1M | $253.8M | $304.7M | $281.5M |
| Research & development | $25.1M | $24.2M | $25.4M | $23.4M | $23.3M | $23.0M | $25.8M | $20.7M | $22.2M | $23.0M | $20.1M | $23.5M |
| Sales, general & admin | $159.7M | $146.9M | $146.6M | $137.0M | $145.8M | $139.0M | $128.6M | $129.3M | $130.1M | $130.8M | $124.0M | $125.5M |
| Total operating expenses | $185.4M | $171.1M | $172.0M | $160.4M | $169.8M | $163.3M | $162.6M | $153.4M | $155.2M | $153.8M | $144.0M | $148.9M |
| Operating income | $178.7M | $160.4M | $183.5M | $166.3M | $156.3M | $129.2M | $154.8M | $144.9M | $128.9M | $100.0M | $160.7M | $132.5M |
| Interest income | — | — | $12.0M | $10.5M | $10.5M | $10.1M | $11.7M | $11.4M | — | — | — | $12.5M |
| Interest expense | $9.9M | $9.9M | $12.0M | $10.5M | $10.5M | $10.1M | $11.7M | $11.4M | $11.2M | $10.6M | $11.0M | $12.5M |
| Income before taxes | $194.3M | $157.8M | $177.0M | $161.2M | $156.8M | $125.1M | $153.2M | $143.6M | $126.2M | $99.0M | $156.8M | $127.0M |
| Income taxes | $43.1M | $29.6M | $40.0M | $36.3M | $35.7M | $23.8M | $35.3M | $32.5M | $26.8M | $22.5M | $37.0M | $30.3M |
| Net income | $151.2M | $128.2M | $137.0M | $124.8M | $121.1M | $101.3M | $117.9M | $111.2M | $99.5M | $76.5M | $119.9M | $96.8M |
| EBITDA | $232.6M | $196.1M | $220.5M | $202.8M | $198.6M | $166.1M | $191.7M | $181.7M | $164.6M | $136.6M | $197.1M | $168.4M |
| EPS (diluted) | $3.72 | $3.48 | $3.79 | $3.40 | $3.23 | $2.82 | $3.27 | $2.97 | $2.67 | $1.99 | $3.16 | $2.54 |
| Gross margin | 39.4% | 36.3% | 37.5% | 37.7% | 37.2% | 36.3% | 38.5% | 37.3% | 36.2% | 35.6% | 38.8% | 38.9% |
| Operating margin | 19.3% | 17.6% | 19.4% | 19.1% | 17.8% | 16.0% | 18.8% | 18.1% | 16.4% | 14.0% | 20.4% | 18.3% |
| Net margin | 16.4% | 14.0% | 14.5% | 14.4% | 13.8% | 12.6% | 14.3% | 13.9% | 12.7% | 10.7% | 15.3% | 13.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CW's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CW financial results
In fiscal year 2025 (ended December 31, 2025), Curtiss-Wright reported revenue of $3.5 billion, up 12.1% from the year before. It had net income of $484.2 million (up 19.6%), a net profit margin of 13.8%. Diluted earnings per share came to $13.24. Over five years revenue grew at an average rate of 7.9% a year.
See the CW stock overview for the latest quote and news, or the CW chart for price history and technical indicators.
CW income statement FAQ
What is Curtiss-Wright's annual revenue?
Curtiss-Wright reported total revenue of $3.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 12.1% from $3.1 billion the previous year.
Is Curtiss-Wright profitable?
Yes. Curtiss-Wright reported net income of $484.2 million in fiscal 2025, a net profit margin of 13.8%; its operating margin was 18.2%.
What is Curtiss-Wright's gross margin?
Curtiss-Wright's gross margin was 37.2% in fiscal 2025: for every $100 of revenue, Curtiss-Wright kept $37 after the direct cost of its products and services.
How much does Curtiss-Wright spend on research and development?
Curtiss-Wright spent $95.2 million on research and development in fiscal 2025, 2.7% of revenue.
How fast is Curtiss-Wright growing?
Revenue grew 7.9% a year on average over the last five fiscal years, from $2.4 billion to $3.5 billion.
What are Curtiss-Wright's earnings per share?
Curtiss-Wright earned $13.24 per diluted share in fiscal 2025, compared with $10.90 a year earlier.
When will Curtiss-Wright report its next earnings?
Curtiss-Wright is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Curtiss-Wright's fiscal year end?
Curtiss-Wright's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.