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How Curtiss Wright (CW) makes money

Curtiss Wright (CW) made $953M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Product brought in $818M (86%); Service brought in $135M (14%). Of every dollar of revenue, 39¢ was left as gross profit, 20¢ was left as operating profit, 15¢ was left as net earnings.

Drawing the Sankey…

Curtiss Wright revenue by segment, Q3 2026Curtiss Wright revenue by segment, Q3 2026Product$818MService$135M
Curtiss Wright: revenue by line, Q1 2025 to Q3 2026Curtiss Wright: revenue by line, Q1 2025 to Q3 2026ProductServiceProduct: $818M latest$818MService: $135M latest$135MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
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: where each dollar of revenue goesCurtiss Wright: where each dollar of revenue goesCost of revenue61¢Gross profit39¢Operating expenses19¢Operating profit20¢Income tax4¢Net earnings15¢Operating cash flow19¢Free cash flow17¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product$818M85.8%+5%+11%
Service$135M14.2%-8%+4%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$953M100.0%
Cost of revenue$581M61.0%
Gross profit$372M39.0%
Operating expenses$184M19.3%
Operating profit$188M19.7%
Income tax$39.1M4.1%
Net earnings$139M14.6%
Operating cash flow$180M18.9%
Free cash flow$157M16.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$953M+10%
Q2 2026$924M+5%
Q1 2026$914M+13%
Q4 2025$947M+15%
Q3 2025$869M+9%
Q2 2025$877M+12%
Q1 2025$806M+13%

From Curtiss Wright's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Curtiss Wright make money?

Curtiss Wright (CW) made $953M of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Product brought in $818M (86%); Service brought in $135M (14%). Of every dollar of revenue, 39¢ was left as gross profit, 20¢ was left as operating profit, 15¢ was left as net earnings.

What is Curtiss Wright's biggest business?

Product: $818M in the third quarter 2026, 86% of revenue, +11% from a year earlier.

What is Curtiss Wright's profit margin?

Net earnings were $139M, 14.6% of revenue, in the third quarter 2026; the operating margin was 19.7%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.