Filing Flows › Curtiss Wright (CW) › Q4 2025
Curtiss Wright (CW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Curtiss Wright (CW) reported revenue of $947M for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +9% from the quarter before. Operating margin was 19.2%, net earnings $137M (14.5% of revenue).
Curtiss Wright, Q4 2025: revenue $947M (+15% year over year), operating margin 19.2%, net earnings $137M, operating cash flow $353M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $947M | +9% | +15% |
| Gross profit | $355M | +9% | +12% |
| Operating profit | $182M | +9% | +17% |
| Net earnings | $137M | +10% | +16% |
| Operating cash flow | $353M | +83% | +17% |
| Free cash flow | $315M | — | +13% |
What changed
Revenue was $947.0M in Q4 2025, up 15% year over year and up 9% from the previous quarter. Product was the largest line at 86% of revenue.
Gross margin was 37.5%, down 1.0 points from a year earlier. Operating profit was $181.8M, a 19.2% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 19% margin then. Operating expenses grew 7% against revenue growth of 15%. The fastest-growing cost line was Sales & marketing (+29%). Net earnings were $137.0M, up 16% year over year. The effective tax rate was 22.6%.
Operating cash flow was $352.7M (up 17% year over year), 257% of net earnings. Non-cash charges added back $31.5M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items added $179.3M. After capital expenditures ($37.6M), free cash flow as the company reports it was $315.1M.
Questions
What was Curtiss Wright's revenue in the fourth quarter 2025?
Curtiss Wright (CW) reported revenue of $947M for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +9% from the quarter before.
Was Curtiss Wright profitable in the fourth quarter 2025?
Operating profit was $182M (19.2% of revenue) and net earnings $137M.
Source: Curtiss Wright 10-K on SEC EDGAR.