The Filing Desk

AAR vs Curtiss-Wright

AAR AIR · Curtiss-Wright CW · Aerospace & Defense

Curtiss-Wright reported revenue of $3.5 billion in fiscal 2025, about the same as AAR's $3.3 billion in fiscal 2026. AAR's revenue grew 19.0% in its latest year, and Curtiss-Wright's grew 12.1%. Free cash flow was $62 million at AAR and $554 million at Curtiss-Wright. Their fiscal years end in different months (May 31 and December 31), so the periods don't line up exactly.

Side by side

AARCurtiss-Wright
Latest fiscal yearFY2026, May 31, 2026FY2025, Dec 31, 2025
Revenue$3.3B$3.5B
Revenue growth19.0%12.1%
Revenue growth a year, last 5 years14.9%7.9%
Gross margin18.8%37.2%
Operating margin—18.1%
Net margin5.7%13.8%
Free cash flow$62M$554M
Free cash flow margin1.9%15.8%
Return on capital10.6%15.9%
Net debt to EBITDA2.1x0.8x
Dividends and buybacks$0M$500M
Change in diluted share count7.3%−1.9%
Last close$109.21$463.47
P/E at the last close22.4×30.9×
Insider trades, last 12 monthssold $23.9 millionbought $148,999, sold $30.1 million
Piotroski F-score6 of 98 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
AARCurtiss-Wright
Operating margin
Percent of revenue
AARCurtiss-Wright
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
AARCurtiss-Wright

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the AAR and Curtiss-Wright pages.