Filing Flows › Curtiss Wright (CW) › Q2 2025
Curtiss Wright (CW) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Curtiss Wright (CW) reported revenue of $877M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +9% from the quarter before. Operating margin was 17.8%, net earnings $121M (13.8% of revenue).
Curtiss Wright, Q2 2025: revenue $877M (+12% year over year), operating margin 17.8%, net earnings $121M, operating cash flow $137M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $877M | +9% | +12% |
| Gross profit | $326M | +12% | +15% |
| Operating profit | $156M | +21% | +21% |
| Net earnings | $121M | +19% | +22% |
| Operating cash flow | $137M | — | +23% |
| Free cash flow | $117M | — | +17% |
What changed
Revenue was $876.6M in Q2 2025, up 12% year over year and up 9% from the previous quarter. Product was the largest line at 85% of revenue. Product added $85.3M year over year (up 13%), 93% of the total change.
Gross margin was 37.2%, up 1.0 points from a year earlier. Operating profit was $156.3M, a 17.8% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 16% margin then. Operating expenses grew 9% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+19%). Net earnings were $121.1M, up 22% year over year. The effective tax rate was 22.8%.
Operating cash flow was $136.6M (up 23% year over year), 113% of net earnings. Non-cash charges added back $31.3M of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items used $21.0M. Capital expenditures of $19.4M left free cash flow of $117.2M.
Questions
What was Curtiss Wright's revenue in the second quarter 2025?
Curtiss Wright (CW) reported revenue of $877M for the second quarter 2025 (Q2 2025), +12% from a year earlier and +9% from the quarter before.
Was Curtiss Wright profitable in the second quarter 2025?
Operating profit was $156M (17.8% of revenue) and net earnings $121M.
Source: Curtiss Wright 10-Q on SEC EDGAR.