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Curtiss Wright (CW) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Curtiss Wright (CW) Q3 2026 earnings results →

Q3 2026 Revenue up 10% year over year to $953M · 15¢ of every $1 of revenue kept as net profit · operating margin 19.7%

Curtiss Wright made $953M in Q3 2026 (+10% Y/Y): Product $818M, Service $135M. Operating margin 19.7%, net earnings $139M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$953M
Year over year+10%
Operating margin19.7%
Net earnings$139M
Operating cash flow$180M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $952.6M in Q3 2026, up 10% year over year and up 3% from the previous quarter. Product was the largest line at 86% of revenue. Product added $78.7M year over year (up 11%), 94% of the total change.

Gross margin was 39.0%, up 1.3 points from Q3 2025. Operating profit was $187.9M, a 19.7% margin (up 0.6 points year over year). Of the extra revenue versus Q3 2025, 26% reached operating profit, above the 19% margin then. Operating expenses grew 14% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+70%). Net earnings were $138.9M, up 11% year over year. The effective tax rate was 21.9%.

Operating cash flow was $180.4M (down 6% year over year), 130% of net earnings. Non-cash charges added back $28.4M of depreciation and amortization and $9.8M of share-based compensation. After net capital expenditures ($23.0M), free cash flow as the company reports it was $157.4M.

Quarterly history

Curtiss Wright revenue by quarterCurtiss Wright revenue by quarter$806MQ1 2025$877MQ2 2025$869MQ3 2025$947MQ4 2025$914MQ1 2026$924MQ2 2026$953MQ3 2026
Curtiss Wright net earnings by quarterCurtiss Wright net earnings by quarter$101MQ1 2025$121MQ2 2025$125MQ3 2025$137MQ4 2025$128MQ1 2026$151MQ2 2026$139MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$953M+10%19.7%$139M$180M
Q2 202610-QAug 6, 2026$924M+5%19.3%$151M$181M
Q1 202610-QMay 7, 2026$914M+13%17.5%$128M−$5.7M
Q4 202510-KFeb 12, 2026$947M+15%19.2%$137M$353M
Q3 202510-QNov 6, 2025$869M+9%19.1%$125M$193M
Q2 202510-QAug 7, 2025$877M+12%17.8%$121M$137M
Q1 202510-QMay 8, 2025$806M+13%16.0%$101M−$38.8M

Charts

Curtiss Wright: revenue growth, year over year and quarter over quarterCurtiss Wright: revenue growth, year over year and quarter over quarterY/YQ/Q+13%Q1 2025+12%+9%Q2 2025+9%-1%Q3 2025+15%+9%Q4 2025+13%-4%Q1 2026+5%+1%Q2 2026+10%+3%Q3 2026
Latest (Q3 2026): Y/Y +10%, Q/Q +3%.
Curtiss Wright: where the cash came from (+) and went (−), TTM to Q3 2026Curtiss Wright: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$709MBuybacks−$522MOther financing$350MNet borrowing (+) / repaid (−)−$348MCapital spending−$119MCash drawn (+) / kept (−)−$55.7MDividends−$36.2MOther investing$25.5MExchange rates−$5.9MAsset & business sales$1.7M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Curtiss Wright: profit against cash, quarter by quarterCurtiss Wright: profit against cash, quarter by quarterNet incomeOperating cash flow$118M$301MQ4 2024$101M−$38.8MQ1 2025$121M$137MQ2 2025$125M$193MQ3 2025$137M$353MQ4 2025$128M−$5.7MQ1 2026$151M$181MQ2 2026$139M$180MQ3 2026
Latest (Q3 2026): Net income $139M, Operating cash flow $180M.
Curtiss Wright: diluted shares by fiscal yearCurtiss Wright: diluted shares by fiscal year42MFY202041MFY202139MFY202239MFY202338MFY202438MFY2025
-10.4% since FY2020: buybacks shrank the count.
Curtiss Wright: long-term debt falling due (FY2025)Curtiss Wright: long-term debt falling due (FY2025)$200M2026$158M2028$150M2030$450MLater
Cash $371M, short-term investments —, long-term debt $958M at 2025-12-31.
Curtiss Wright in its industry: growth against margin (8 companies, SIC 3590)Curtiss Wright in its industry: growth against margin (8 companies, SIC 3590)revenue growth, year over year →↑ operating marginmedian +15%median 15%ETNMOG-AEPACLIQTQINDNGTFVHUBCW (+10%, 20%)
Misc Industrial & Commercial Machinery & Equipment; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Curtiss Wright

Curtiss-Wright Corporation is a Delaware corporation, with its principal executive office in Davidson, North Carolina. In this report, unless the context otherwise requires, “Curtiss-Wright”, the “Company”, “we”, “us”, and “our” refer to Curtiss-Wright Corporation and its consolidated subsidiaries. Curtiss-Wright Corporation is a global integrated business that provides highly engineered products, solutions, and services mainly to Aerospace & Defense ("A&D") markets, as well as critical technologies in demanding commercial nuclear power, process, and industrial markets.

In its own words, from its 10-K, filed Feb 12, 2026.

Curtiss Wright against its Misc Industrial & Commercial Machinery & Equipment peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +15%. Operating margin: 19.7% against the peers' median 15.3%.

CompanyQuarterRevenueY/YOp. margin
CW Curtiss WrightQ3 2026$953M+10%19.7%
ETN EatonQ3 2026$8.9B+28%15.3%
MOG-A MoogQ3 FY26$1.1B+15%15.8%
EPAC Enerpac Tool GroupQ4 FY26$186M+11%18.5%
LIQT Liqtech InternationalQ2 2026$4.4M-12%-53.4%
QIND Quality IndustrialQ2 2026$3.5M-12%3.7%
NGTF NightFood HoldingsQ4 FY26$2.4M+409%n/m
VHUB VenHub GlobalQ2 2026$87K+536%n/m

Source: Curtiss Wright 10-Q on SEC EDGAR · CIK 26324 · Misc Industrial & Commercial Machinery & Equipment

Guidance and outlook

Curtiss Wright Revenue: guidance against what was reportedCurtiss Wright Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$3.1B
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns CW and who is buying

Largest holders of CW (13F)Largest holders of CW (13F)BlackRock$3.4BVanguard Group$1.9BState Street$1.3BVanguard Capital Management LLC$1.3BVanguard Portfolio Management LLC$1.2BInvesco$1.2BMassachusetts Financial Services$624MGeode Capital Management, LLC$561MVan ECK Associates$444MAQR Capital Management LLC$410M
Funds' net buying of CW by quarter (13F)Funds' net buying of CW by quarter (13F)−$98.4M2024-09$41.0M2024-12−$6.2M2025-03−$164M2025-06−$268M2025-09$184M2025-12$193M2026-03$285M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CW

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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