Filing Flows › Curtiss Wright (CW) › Q3 2025
Curtiss Wright (CW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Curtiss Wright (CW) reported revenue of $869M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -0.8% from the quarter before. Operating margin was 19.1%, net earnings $125M (14.4% of revenue).
Curtiss Wright, Q3 2025: revenue $869M (+9% year over year), operating margin 19.1%, net earnings $125M, operating cash flow $193M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $869M | -0.8% | +9% |
| Gross profit | $327M | +0.4% | +10% |
| Operating profit | $166M | +6% | +15% |
| Net earnings | $125M | +3% | +12% |
| Operating cash flow | $193M | +41% | +9% |
| Free cash flow | $176M | +50% | +8% |
What changed
Revenue was $869.2M in Q3 2025, up 9% year over year and down 1% from the previous quarter. Product was the largest line at 85% of revenue. Product added $54.9M year over year (up 8%), 78% of the total change.
Gross margin was 37.7%, up 0.3 points from a year earlier. Operating profit was $166.3M, a 19.1% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 18% margin then. Operating expenses grew 5% against revenue growth of 9%. The fastest-growing cost line was Research & development (+13%). Net earnings were $124.8M, up 12% year over year. The effective tax rate was 22.5%.
Operating cash flow was $192.8M (up 9% year over year), 154% of net earnings. Non-cash charges added back $31.2M of depreciation and amortization and $6.1M of share-based compensation. Working capital and other items added $30.7M. Capital expenditures of $16.9M left free cash flow of $175.9M.
Questions
What was Curtiss Wright's revenue in the third quarter 2025?
Curtiss Wright (CW) reported revenue of $869M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -0.8% from the quarter before.
Was Curtiss Wright profitable in the third quarter 2025?
Operating profit was $166M (19.1% of revenue) and net earnings $125M.
Source: Curtiss Wright 10-Q on SEC EDGAR.