What drives this aerospace supplier’s business?
Curtiss-Wright is an aerospace and defense industrial company that supplies engineered products and services. It supports demanding end markets with components, systems, and related support work where reliability and performance matter. The business is established at meaningful scale, with a market value of about USD 27.6 billion. Its day-to-day work is tied to long-lived equipment and programs that typically require ongoing service and replacement parts over time.
Are margins and cash flow holding steady?
FundamentalsFor 2025, reported in USD, revenue reached about USD 3.5 billion, alongside EBIT of roughly USD 633.5 million. Gross margin over the trailing period was 37.17%, with an 18.41% operating margin and a 14.17% net profit margin.
Depreciation and amortization totaled about USD 124.8 million, while capital spending was about USD 89.7 million. The cash flow proxy was around USD 532.9 million, with cash of about USD 371.3 million against total debt of about USD 957.9 million.
Is the market overpaying for reinvestment growth?
DCF / MultiplesAt USD 747.27 per share, the current price sits above the discounted cash flow range implied by the weaker-
High expectations already reflected
TakeawayThe current price assumes a lot of good reinvestment outcomes. Growth needs to stay solid, with spending kept disciplined. Margins need to hold up as the business scales. Cash generation must remain reliable after capital spending. If growth cools, the valuation could compress quickly.