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Curtiss-Wright CW Defense Electronics — Research and development expenses

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Other financials

Income statement

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Revenue$913.7M+13.4%
Gross profit$331.5M+13.3%
Operating income$159.5M+23.5%
Net income$128.2M+26.5%
EPS (diluted)$3.46+29.1%

Balance sheet

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Cash & equivalents$343.4M+51.7%
Total debt$1.1B+2.5%
Total equity$2.6B+2.8%
Total assets$5.3B+6.4%

Cash flow

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Operating cash flow-$5.7M+85.4%
CapEx$11.8M-25.0%
Free cash flow-$17.5M+67.9%

Valuation

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Market cap$27.61B+53.9%
Enterprise value$28.41B+51.6%
P/E54×+14.3×
P/S7.7×+2.2×

Profitability

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Gross margin37.2%+0.1pp
Operating margin18.4%+1.0pp
Net margin14.2%+0.8pp
FCF margin16.4%+1.2pp

Returns & leverage

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Return on equity19.7%+2.3pp
Debt / equity0.4×0.0×
Current ratio1.5×-0.4×

Where this comes from

Reported directly by Curtiss-Wright in its filing.

Tagged under the XBRL concept cw:UsGaap_ResearchAndDevelopmentExpense.

The official record: Curtiss-Wright’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Curtiss-Wright's defense electronics — research and development expenses?
Curtiss-Wright (CW) reported defense electronics — research and development expenses of $13.74M in Q1 2026.
How has Curtiss-Wright's defense electronics — research and development expenses changed year-over-year?
Curtiss-Wright's defense electronics — research and development expenses increased by 5.7% year-over-year, from $13M to $13.74M.
What is the long-term trend for Curtiss-Wright's defense electronics — research and development expenses?
Over 3 years (2022 to 2025), Curtiss-Wright's defense electronics — research and development expenses has grown at a 4.0% compound annual growth rate (CAGR), from $48.59M to $54.72M.
What does defense electronics — research and development expenses mean?
Costs incurred to develop new technologies, improve existing defense electronics platforms, and maintain technical sophistication. This investment is critical for long-term competitiveness in high-performance defense markets. It reflects the company's commitment to innovation and future product pipelines.