Curtiss-Wright vs Leonardo DRS
Leonardo DRS reported revenue of $3.6 billion in fiscal 2025, about the same as Curtiss-Wright's $3.5 billion in fiscal 2025. Curtiss-Wright's revenue grew 12.1% in its latest year, and Leonardo DRS's grew 12.8%. Curtiss-Wright had an operating margin of 18.1%, against 9.5% at Leonardo DRS. Free cash flow was $554 million at Curtiss-Wright and $227 million at Leonardo DRS.
Side by side
| Curtiss-Wright | Leonardo DRS | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.5B | $3.6B |
| Revenue growth | 12.1% | 12.8% |
| Revenue growth a year, last 5 years | 7.9% | 5.6% |
| Gross margin | 37.2% | 23.8% |
| Operating margin | 18.1% | 9.5% |
| Net margin | 13.8% | 7.6% |
| Free cash flow | $554M | $227M |
| Free cash flow margin | 15.8% | 6.2% |
| Return on capital | 15.9% | 11.6% |
| Net debt to EBITDA | 0.8x | −0.4x |
| Dividends and buybacks | $500M | $35M |
| Change in diluted share count | −1.9% | 0.4% |
| Last close | $476.54 | $35.84 |
| P/E at the last close | 32.8× | 30.1× |
| Insider trades, last 12 months | bought $148,999, sold $30.1 million | bought $1.1 million, sold $9.2 million |
| Piotroski F-score | 8 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ 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
Curtiss-WrightLeonardo DRS
Operating margin
Percent of revenue
Curtiss-WrightLeonardo DRS
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Curtiss-WrightLeonardo DRS
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 Curtiss-Wright and Leonardo DRS pages.