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Curtiss-Wright CW Naval & Power — 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 naval & power — research and development expenses?
Curtiss-Wright (CW) reported naval & power — research and development expenses of $3.07M in Q1 2026.
How has Curtiss-Wright's naval & power — research and development expenses changed year-over-year?
Curtiss-Wright's naval & power — research and development expenses increased by 7.0% year-over-year, from $2.87M to $3.07M.
What is the long-term trend for Curtiss-Wright's naval & power — research and development expenses?
Over 3 years (2022 to 2025), Curtiss-Wright's naval & power — research and development expenses has grown at a 19.6% compound annual growth rate (CAGR), from $9.18M to $15.69M.
What does naval & power — research and development expenses mean?
Expenditures incurred by the Naval and Power segment to develop new technologies, improve existing products, and maintain technical sophistication. These investments are essential for sustaining long-term competitiveness in high-performance industrial and defense markets.