Curtiss-Wright Corp (CW) financial statements: income statement, balance sheet and cash flow
Curtiss-Wright Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Curtiss-Wright Corp reported revenue of $3.5B (+12.1% year on year) and net income of $484.2M (+19.6% year on year).
Income statement
Curtiss-Wright Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Sales
$3.5B
$3.1B
$2.8B
$2.6B
Cost of sales
$2.2B
—
—
—
Gross profit
$1.3B
$1.2B
$1.1B
$954.6M
Research and development expenses
$95.2M
$91.6M
$85.8M
$80.8M
Selling expenses
$168.7M
$145.4M
$137.1M
$121.6M
General and administrative expenses
$399.6M
$373.5M
$359.7M
$324.1M
Restructuring expenses
$4.5M
$14.4M
—
$0
Operating income
$633.5M
$528.6M
$484.6M
$423.4M
Interest expense
$43.1M
$44.9M
$51.4M
$47.0M
Other income, net
$29.6M
$38.3M
$29.9M
$12.7M
Earnings before income taxes
$620.0M
$522.1M
$463.1M
$389.2M
Provision for income taxes
($135.8M)
($117.1M)
($108.6M)
($94.8M)
Net earnings
$484.2M
$405.0M
$354.5M
$294.3M
Basic earnings per share (usd per share)
$12.94
$10.61
$9.26
$7.67
Diluted earnings per share (usd per share)
$12.87
$10.55
$9.20
$7.62
Dividends per share
$0.93
$0.83
$0.79
$0.75
Basic (shares)
37.4M
38.2M
38.3M
38.4M
Diluted (shares)
37.6M
38.4M
38.5M
38.6M
Curtiss-Wright Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$924.0M
$913.7M
$869.2M
$876.6M
Cost of sales
$559.9M
$582.2M
$541.7M
$550.4M
Gross profit
$364.1M
$331.5M
$327.5M
$326.2M
Research and development expenses
$25.1M
$24.2M
$23.4M
$23.3M
Selling expenses
$46.0M
$44.5M
$40.6M
$41.8M
General and administrative expenses
$113.7M
$102.3M
$96.4M
$104.1M
Restructuring expenses
$517.0K
$910.0K
$804.0K
$707.0K
Operating income
$178.7M
$159.5M
$166.3M
$156.3M
Interest expense
$9.9M
($9.9M)
$10.5M
$10.5M
Other income, net
$25.5M
$8.2M
$5.4M
$11.0M
Earnings before income taxes
$194.3M
$157.8M
$161.2M
$156.8M
Provision for income taxes
($43.1M)
($29.6M)
($36.3M)
($35.7M)
Net earnings
$151.2M
$128.2M
$124.8M
$121.1M
Basic earnings per share (usd per share)
$4.09
$3.47
$3.34
$3.21
Diluted earnings per share (usd per share)
$4.07
$3.46
$3.31
$3.19
Dividends per share
$0.26
$0.24
$0.24
$0.24
Basic (shares)
36.9M
36.9M
37.4M
37.7M
Diluted (shares)
37.1M
37.1M
37.7M
37.9M
Balance sheet
Curtiss-Wright Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$371.3M
$385.0M
$406.9M
$257.0M
Receivables, net
$932.3M
$835.0M
$732.7M
$724.6M
Inventories, net
$615.1M
$541.4M
$510.0M
$483.1M
Other current assets
$99.7M
$88.1M
$67.5M
$52.6M
Total current assets
$2.0B
$1.8B
$1.7B
$1.5B
Property, plant, and equipment, net
$382.2M
$339.1M
$332.8M
$342.7M
Goodwill
$1.7B
$1.7B
$1.6B
$1.5B
Other intangible assets, net
$532.4M
$596.8M
$557.6M
$620.9M
Operating lease right-of-use assets, net
$198.6M
$169.3M
$141.4M
$153.9M
Prepaid pension asset
$333.5M
$299.1M
$261.9M
$222.6M
Other assets
$63.6M
$56.0M
$51.4M
$47.6M
Total assets
$5.2B
$5.0B
$4.6B
$4.4B
Current portion of long-term and short-term debt
$200.0M
$90.0M
$0
$202.5M
Accounts payable
$310.3M
$247.2M
$243.8M
$266.5M
Accrued expenses
$242.9M
$219.1M
$188.0M
$177.5M
Deferred revenue
$561.5M
$459.4M
$303.9M
$242.5M
Other current liabilities
$90.9M
$80.3M
$70.8M
$82.4M
Total current liabilities
$1.4B
$1.1B
$806.5M
$971.4M
Long-term debt
$757.9M
$958.9M
$1.1B
$1.1B
Deferred tax liabilities, net
$154.0M
$140.7M
$132.3M
$123.0M
Accrued pension and other postretirement benefit costs
$71.4M
$67.4M
$66.9M
$58.3M
Long-term operating lease liability
$178.5M
$148.2M
$118.6M
$132.3M
Other liabilities
$120.4M
$124.8M
$105.1M
$108.0M
Total liabilities
$2.7B
$2.5B
$2.3B
$2.5B
Common stock, $1 par value, 100,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 49,187,378 shares issued as of December 31, 2025 and December 31, 2024; outstanding shares were 36,859,333 as of December 31, 2025 and 37,650,645 as of December 31, 2024
49.2M
49.2M
49.2M
49.2M
Additional paid in capital
$165.0M
$147.9M
$140.2M
$134.6M
Retained earnings
$4.3B
$3.9B
$3.5B
$3.2B
Accumulated other comprehensive loss
($173.8M)
($243.2M)
($213.2M)
($258.9M)
Common treasury stock, at cost (12,328,045 shares as of December 31, 2025 and 11,536,733 shares as of December 31, 2024)
-1.8B
-1.4B
-1.1B
-1.1B
Total stockholders' equity
$2.5B
$2.4B
$2.3B
$2.0B
Total liabilities and stockholders' equity
$5.2B
$5.0B
$4.6B
$4.4B
Curtiss-Wright Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$477.1M
$343.4M
$225.4M
$331.7M
Receivables, net
$997.4M
$996.3M
$976.9M
$961.6M
Inventories, net
$668.7M
$640.6M
$636.9M
$610.9M
Other current assets
$93.8M
$91.2M
$87.9M
$95.6M
Total current assets
$2.2B
$2.1B
$1.9B
$2.0B
Property, plant, and equipment, net
$386.5M
$379.5M
$364.2M
$359.7M
Goodwill
$1.7B
$1.7B
$1.7B
$1.7B
Other intangible assets, net
$501.0M
$516.1M
$550.2M
$569.6M
Operating lease right-of-use assets, net
$212.5M
$210.9M
$185.4M
$192.3M
Prepaid pension asset
$347.4M
$340.2M
$321.7M
$314.9M
Other assets
$84.6M
$66.4M
$60.6M
$59.6M
Total assets
$5.5B
$5.3B
$5.1B
$5.2B
Current portion of long-term and short-term debt
$200.0M
$200.0M
$0
$0
Accounts payable
$285.3M
$277.2M
$270.3M
$261.1M
Accrued expenses
$216.5M
$203.2M
$227.6M
$178.8M
Deferred revenue
$593.8M
$569.0M
$503.6M
$500.2M
Other current liabilities
$100.9M
$110.8M
$99.7M
$86.4M
Total current liabilities
$1.4B
$1.4B
$1.1B
$1.0B
Long-term debt
$757.4M
$757.6M
$968.6M
$958.4M
Deferred tax liabilities, net
$161.4M
$159.6M
$145.1M
$144.8M
Accrued pension and other postretirement benefit costs
$69.2M
$69.2M
$73.8M
$69.7M
Long-term operating lease liability
$191.6M
$190.7M
$164.8M
$171.0M
Other liabilities
$109.6M
$100.9M
$119.1M
$112.3M
Total liabilities
$2.7B
$2.6B
$2.6B
$2.5B
Common stock, $1 par value, 100,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 49,187,378 shares issued as of June 30, 2026 and December 31, 2025; outstanding shares were 36,931,138 as of June 30, 2026 and 36,859,333 as of December 31, 2025
49.2M
49.2M
49.2M
49.2M
Additional paid in capital
$169.0M
$162.3M
$160.4M
$149.7M
Retained earnings
$4.6B
$4.4B
$4.2B
$4.1B
Accumulated other comprehensive loss
($190.0M)
($194.0M)
($185.9M)
($168.1M)
Common treasury stock, at cost (12,256,240 shares as of June 30, 2026 and 12,328,045 shares as of December 31, 2025)
-1.8B
-1.8B
-1.7B
-1.4B
Total stockholders’ equity
$2.8B
$2.6B
$2.5B
$2.7B
Total liabilities and stockholders’ equity
$5.5B
$5.3B
$5.1B
$5.2B
Cash flow statement
Curtiss-Wright Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings
$484.2M
$405.0M
$354.5M
$294.3M
Depreciation and amortization
$124.8M
$107.7M
$116.2M
$112.0M
(Gain)/loss on sale/disposal of long-lived assets
$362.0K
($10.0K)
($2.9M)
($4.7M)
Deferred income taxes
$15.0M
($11.8M)
$2.9M
($23.6M)
Share-based compensation
$21.5M
$18.9M
$16.8M
$15.4M
Non-cash restructuring charges
$468.0K
$4.3M
—
—
Receivables, net
($82.8M)
($88.8M)
($2.4M)
($74.8M)
Inventories, net
($63.5M)
($34.5M)
($21.6M)
($60.6M)
Accounts payable and accrued expenses
$73.9M
$16.0M
$11.6M
$42.5M
Deferred revenue
$97.7M
$144.3M
$47.9M
($17.6M)
Pension and postretirement liabilities, net
($27.5M)
($18.9M)
($18.3M)
($15.0M)
Other current and long-term assets and liabilities
($742.0K)
($2.2M)
$29.3M
($30.5M)
Net cash provided by operating activities
$643.4M
$544.3M
$448.1M
$294.8M
Proceeds from sale/disposal of long-lived assets
$1.3M
$3.2M
$9.1M
$9.8M
Additions to property, plant, and equipment
($89.7M)
($61.0M)
($44.7M)
($38.2M)
Proceeds from sale of equity securities
$7.9M
—
—
—
Acquisition of businesses, net of cash acquired
$0
($225.5M)
$0
($282.4M)
Additional consideration paid on prior year acquisitions
($9.6M)
$0
$0
($5.1M)
Net cash used for investing activities
($90.1M)
($283.3M)
($35.5M)
($325.9M)
Borrowings under revolving credit facilities
$475.1M
$21.3M
$638.1M
$1.7B
Payment of revolving credit facilities
($475.1M)
($21.3M)
($638.1M)
($1.8B)
Principal payments on debt
($90.0M)
$0
($202.5M)
$0
Repurchases of company stock
($464.9M)
($250.0M)
($50.1M)
($56.9M)
Proceeds from share-based compensation plans
12.5M
11.3M
10.6M
10.0M
Dividends paid
($34.7M)
($31.7M)
($30.2M)
($28.8M)
Other
($1.2M)
($1.2M)
($1.1M)
($1.0M)
Net cash used for financing activities
($578.3M)
($271.5M)
($273.4M)
$129.4M
Effect of exchange-rate changes on cash
$11.3M
($11.3M)
$10.7M
($12.4M)
Net increase (decrease) in cash and cash equivalents
($13.7M)
($21.8M)
$149.9M
$86.0M
Cash and cash equivalents at beginning of period
$385.0M
$406.9M
$257.0M
$171.0M
Cash and cash equivalents at end of period
$371.3M
$385.0M
$406.9M
$257.0M
Curtiss-Wright Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net earnings
$279.4M
$128.2M
$347.2M
$222.4M
Depreciation and amortization
$56.7M
$28.4M
$93.3M
$62.1M
Loss on sale/disposal of long-lived assets
$64.0K
$11.0K
$356.0K
$336.0K
Deferred income taxes
$6.4M
$2.5M
$5.5M
($1.2M)
Share-based compensation
$14.3M
$7.2M
$16.6M
$10.5M
Non-cash restructuring charges
$0
$0
$468.0K
$468.0K
Receivables, net
($69.7M)
($67.4M)
($128.8M)
($110.5M)
Inventories, net
($56.4M)
($28.9M)
($86.1M)
($57.6M)
Accounts payable and accrued expenses
($37.4M)
($60.9M)
$28.5M
($40.1M)
Deferred revenue
$33.7M
$8.6M
$40.1M
$35.7M
Pension and postretirement liabilities, net
($15.5M)
($8.9M)
($14.4M)
($10.7M)
Other current and long-term assets and liabilities
($36.0M)
($14.4M)
($12.1M)
($13.5M)
Net cash provided by operating activities
$175.5M
($5.7M)
$290.7M
$97.8M
Proceeds from sale/disposal of long-lived assets
$402.0K
$314.0K
$424.0K
$302.0K
Additions to property, plant, and equipment
($41.3M)
($11.8M)
($52.1M)
($35.2M)
Grant proceeds for property, plant, and equipment
$8.5M
—
—
—
Proceeds from sale of equity securities
$0
—
$7.9M
$7.9M
Additional consideration paid on prior year acquisitions
$0
$0
($9.6M)
($9.6M)
Net cash used for investing activities
($32.4M)
($11.5M)
($53.3M)
($36.6M)
Borrowings under revolving credit facilities
$69.1M
$69.1M
$271.4M
$139.0M
Payments of revolving credit facilities
($69.1M)
($69.1M)
($260.9M)
($139.0M)
Principal payments on debt
$0
$0
($90.0M)
($90.0M)
Repurchases of common stock
($29.2M)
($14.5M)
($325.1M)
($35.1M)
Proceeds from share-based compensation
$6.5M
$6.5M
$12.5M
$6.0M
Dividends paid
($8.9M)
—
($17.0M)
($7.9M)
Other
$0
$0
($940.0K)
($622.0K)
Net cash used for financing activities
($31.6M)
($8.0M)
($410.0M)
($127.6M)
Effect of exchange-rate changes on cash
($5.8M)
($2.7M)
$13.0M
$13.0M
Net increase (decrease) in cash and cash equivalents