CURTISS WRIGHT CORP
CW · Misc Industrial & Commercial Machinery & Equipment · 36.9M shares · -3%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $33M (gross $50M, SBC $17M)
Reference price $770.56 · est. market cap ~$28.5B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B78Curtiss-Wright is a high-quality A&D supplier with sole-source positions, best-in-class cash conversion and double-digit revenue and earnings growth.
Strengths
- Top-decile operating cash margin (100th pct), FCF (85th pct), ROA (80th pct) and operating margin (84.5th pct)
- Strong 12% revenue and 19.6% net income growth with a clean balance sheet (D/E 52nd pct) and durable naval/defense backlog
Risks
- ROE only median (50th pct) and gross margin mid-pack (62.5th pct)
- Exposure to defense budget timing, government shutdowns and subcontractor/supply-chain concentration
Notable findings
- Buying back stockNet buyback — share count -3%/yr over 4y
- Insider sellingInsider selling — 24 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$22M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
37.2%
Operating margin
18.1%
Net margin
13.8%
Return on equity
19.1%
Return on assets
9.3%
ROIC
14.3%
Revenue growth (QoQ)
-3.5%
Net-income growth
19.6%
Debt / equity
0.4×
Current ratio
1.4×
Free cash flow
$554M
EBITDA
$758M
Tangible book value
$309M
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Watts John C | Sell | 200 | $770.56 |
| 2026-06-12 | Bamford Lynn M | Sell | 2.5K | $758.20 |
| 2026-06-09 | Ogilby Gary A | Sell | 399 | $721.95 |
| 2026-06-09 | Bamford Lynn M | Sell | 2.5K | $721.72 |
| 2026-06-01 | Wallace Peter C | Grant | 221 | $719.99 |
| 2026-05-29 | MINOR GLENDA J | Grant | 20 | $747.61 |
| 2026-05-27 | Watts John C | Sell | 220 | $752.91 |
| 2026-05-12 | MINOR GLENDA J | Grant | 221 | $735.34 |
| 2026-05-07 | Lyash Jeffrey J. | Grant | 48 | — |
| 2026-03-18 | Ogilby Gary A | Sell | 252 | $689.14 |
| 2026-03-18 | Farkas K Christopher | Sell | 1.3K | $689.69 |
| 2026-03-17 | Rayment Kevin | Sell | 907 | $677.38 |
| 2026-03-17 | Freda Robert F | Sell | 140 | $678.61 |
| 2026-03-17 | Ogilby Gary A | Sell | 148 | $678.30 |
| 2026-03-17 | Farkas K Christopher | Sell | 918 | $677.46 |
| 2026-03-17 | McDonald George P. | Sell | 151 | $678.07 |
| 2026-03-17 | Bamford Lynn M | Sell | 3.2K | $676.70 |
| 2026-03-17 | Watts John C | Sell | 220 | $678.11 |
| 2026-03-16 | Ogilby Gary A | Option exercise | 400 | — |
| 2026-03-16 | Watts John C | Option exercise | 512 | — |
| 2026-03-16 | Freda Robert F | Option exercise | 296 | — |
| 2026-03-16 | McDonald George P. | Option exercise | 350 | — |
| 2026-03-16 | Rayment Kevin | Option exercise | 2.5K | — |
| 2026-03-16 | Farkas K Christopher | Option exercise | 2.2K | — |
| 2026-03-16 | Bamford Lynn M | Option exercise | 7.7K | — |
| 2026-02-18 | Farkas K Christopher | Sell | 3.1K | $694.51 |
| 2026-02-05 | Ogilby Gary A | Sell | 625 | $624.32 |
| 2026-02-04 | Watts John C | Sell | 652 | $625.57 |
| 2026-02-04 | Moraco Anthony J | Grant | 256 | $624.93 |
| 2026-02-04 | Wyche Larry D | Grant | 128 | $624.93 |
| 2026-02-04 | Freda Robert F | Sell | 418 | $626.95 |
| 2026-02-04 | Rayment Kevin | Sell | 2.6K | $626.33 |
| 2026-02-04 | Farkas K Christopher | Sell | 2.7K | $626.33 |
| 2026-02-04 | Bamford Lynn M | Sell | 9.3K | $626.45 |
| 2026-02-04 | Ogilby Gary A | Sell | 435 | $626.56 |
| 2026-02-03 | Bamford Lynn M | Grant | 20K | $674.32 |
| 2026-02-03 | Freda Robert F | Grant | 784 | $674.32 |
| 2026-02-03 | Farkas K Christopher | Grant | 5.8K | $674.32 |
| 2026-02-03 | Ogilby Gary A | Grant | 1.1K | $674.32 |
| 2026-02-03 | Rayment Kevin | Grant | 6.6K | $674.32 |
| 2026-02-03 | Watts John C | Grant | 1.4K | $674.32 |
| 2026-01-20 | FLATT DEAN M | Grant | 218 | $660.66 |
| 2026-01-08 | Watts John C | Sell | 288 | $600.00 |
| 2026-01-05 | Watts John C | Grant | 13 | $472.17 |
| 2026-01-05 | Watts John C | Sell | 107 | $578.84 |
| 2026-01-05 | McDonald George P. | Grant | 21 | $472.17 |
| 2026-01-05 | Rayment Kevin | Grant | 10 | $472.17 |
| 2026-01-05 | Farkas K Christopher | Grant | 17 | $472.17 |
| 2026-01-05 | Bamford Lynn M | Grant | 22 | $472.17 |
| 2026-01-02 | Wallace Peter C | Grant | 981 | $572.38 |
| 2026-01-02 | FLATT DEAN M | Grant | 727 | $572.38 |
| 2025-12-23 | Watts John C | Sell | 118 | $575.00 |
| 2025-12-11 | RIVET ROBERT J | Gift | 2.0K | — |
| 2025-12-11 | Wallace Peter C | Gift | 200 | — |
| 2025-12-11 | Bamford Lynn M | Gift | 184 | — |
| 2025-11-25 | Watts John C | Sell | 175 | $546.97 |
| 2025-11-14 | Bamford Lynn M | Sell | 3.8K | $549.07 |
| 2025-11-11 | Farkas K Christopher | Sell | 5.0K | $577.91 |
| 2025-11-11 | Bamford Lynn M | Sell | 3.8K | $577.79 |
| 2025-08-21 | Watts John C | Sell | 1.1K | $480.50 |
| 2025-07-02 | Bamford Lynn M | Grant | 26 | $414.23 |
| 2025-07-02 | Farkas K Christopher | Grant | 30 | $414.23 |
| 2025-07-02 | Rayment Kevin | Grant | 39 | $414.23 |
| 2025-07-02 | Watts John C | Grant | 14 | $414.23 |
| 2025-07-02 | McDonald George P. | Grant | 27 | $414.23 |
| 2025-06-05 | Hoechner Bruce D. | Sell | 1.9K | $448.00 |
| 2025-06-03 | FLATT DEAN M | Grant | 370 | $446.79 |
| 2025-06-02 | Hoechner Bruce D. | Grant | 4.4K | $443.22 |
| 2025-06-02 | Wallace Peter C | Grant | 221 | $443.22 |
| 2025-05-29 | Watts John C | Sell | 450 | $449.36 |
| 2025-05-12 | MINOR GLENDA J | Grant | 221 | $387.37 |
| 2025-05-01 | Farkas K Christopher | Sell | 4.8K | $350.00 |
| 2025-04-14 | MINOR GLENDA J | L | 1 | $318.45 |
| 2025-03-18 | Bamford Lynn M | Sell | 3.1K | $325.41 |
| 2025-03-18 | Ferdenzi Paul J | Sell | 658 | $325.68 |
| 2025-03-18 | McDonald George P. | Sell | 148 | $325.41 |
| 2025-03-18 | Watts John C | Sell | 228 | $325.41 |
| 2025-03-18 | Ogilby Gary A | Sell | 200 | $325.36 |
| 2025-03-18 | Freda Robert F | Sell | 136 | $325.46 |
| 2025-03-18 | Rayment Kevin | Sell | 1.0K | $325.73 |
| 2025-03-18 | Farkas K Christopher | Sell | 922 | $325.47 |
| 2025-03-17 | Freda Robert F | Option exercise | 290 | — |
| 2025-03-17 | Ferdenzi Paul J | Option exercise | 1.5K | — |
| 2025-03-17 | McDonald George P. | Option exercise | 375 | — |
| 2025-03-17 | Rayment Kevin | Option exercise | 2.6K | — |
| 2025-03-17 | Watts John C | Option exercise | 565 | — |
| 2025-03-17 | Bamford Lynn M | Option exercise | 7.1K | — |
| 2025-03-17 | Ogilby Gary A | Option exercise | 397 | — |
| 2025-03-17 | Farkas K Christopher | Option exercise | 2.2K | — |
| 2025-02-19 | Ogilby Gary A | Sell | 290 | $333.69 |
| 2025-02-18 | MINOR GLENDA J | Grant | 643 | $325.56 |
| 2025-02-05 | Moraco Anthony J | Grant | 414 | $350.93 |
| 2025-02-05 | Wyche Larry D | Grant | 207 | $350.93 |
| 2025-02-05 | Ferdenzi Paul J | Sell | 1.9K | $346.98 |
| 2025-02-05 | Rayment Kevin | Sell | 2.7K | $346.92 |
| 2025-02-05 | Watts John C | Sell | 622 | $347.05 |
| 2025-02-05 | Freda Robert F | Sell | 379 | $346.96 |
| 2025-02-05 | Ogilby Gary A | Sell | 551 | $347.03 |
| 2025-02-05 | Farkas K Christopher | Sell | 2.5K | $347.00 |
| 2025-02-05 | Bamford Lynn M | Sell | 8.3K | $346.87 |
| 2025-02-04 | Farkas K Christopher | Grant | 5.9K | $344.57 |
| 2025-02-04 | Watts John C | Grant | 1.5K | $344.57 |
| 2025-02-04 | Ogilby Gary A | Grant | 1.0K | $344.57 |
| 2025-02-04 | Rayment Kevin | Grant | 6.9K | $344.57 |
| 2025-02-04 | Ferdenzi Paul J | Grant | 4.3K | $344.57 |
| 2025-02-04 | Bamford Lynn M | Grant | 19K | $344.57 |
| 2025-02-04 | Freda Robert F | Grant | 766 | $344.57 |
| 2025-01-21 | RIVET ROBERT J | Grant | 979 | $366.92 |
| 2025-01-06 | Watts John C | Buy | 19 | $304.12 |
| 2025-01-06 | McDonald George P. | Buy | 30 | $304.12 |
| 2025-01-06 | Rayment Kevin | Buy | 52 | $304.12 |
| 2025-01-06 | Freda Robert F | Buy | 27 | $304.12 |
| 2025-01-06 | Ferdenzi Paul J | Buy | 34 | $304.12 |
| 2025-01-06 | Farkas K Christopher | Buy | 30 | $304.12 |
| 2025-01-06 | Bamford Lynn M | Buy | 34 | $304.12 |
| 2025-01-02 | FLATT DEAN M | Grant | 725 | $351.35 |
| 2025-01-02 | Moraco Anthony J | Grant | 78 | $354.87 |
| 2025-01-02 | Wyche Larry D | Grant | 33 | $354.87 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
- U.S. Government
- U.S. Navy
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-19 | 0001628280-26-036955 ↗ |
| 8-K | 2026-05-08 | 2026-05-07 | 0001628280-26-032597 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628280-26-031971 ↗ |
| 8-K | 2026-05-07 | 2026-05-06 | 0001628280-26-031693 ↗ |
| 10-K | 2026-02-12 | 2025-12-31 | 0001628280-26-007587 ↗ |
| 8-K | 2026-02-12 | 2026-02-11 | 0001628280-26-007480 ↗ |
| 8-K | 2025-11-21 | 2025-11-20 | 0001628280-25-053521 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001628280-25-050106 ↗ |
| 8-K | 2025-11-06 | 2025-11-05 | 0001628280-25-049864 ↗ |
| 8-K | 2025-09-11 | 2025-09-10 | 0000026324-25-000042 ↗ |
| 8-K | 2025-08-11 | 2025-08-11 | 0001628280-25-039508 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001628280-25-038802 ↗ |