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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and CURTISS WRIGHT CORP (CW). Click either name above to swap in a different company.

CURTISS WRIGHT CORP is the larger business by last-quarter revenue ($914.0M vs $739.8M, roughly 1.2× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 14.0%, a 15.0% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 13.4%). Circle Internet Group, Inc. produced more free cash flow last quarter ($-14.7M vs $-17.0M).

Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.

The Curtiss-Wright Corporation is an American manufacturer and services provider headquartered in Davidson, North Carolina, with factories and operations in and outside the United States. Created in 1929 from the consolidation of Curtiss, Wright, and various supplier companies, the company was immediately the country's largest aviation firm and built more than 142,000 aircraft engines for the U.S. military during World War II.

CRCL vs CW — Head-to-Head

Bigger by revenue
CW
CW
1.2× larger
CW
$914.0M
$739.8M
CRCL
Growing faster (revenue YoY)
CRCL
CRCL
+5100.1% gap
CRCL
5113.5%
13.4%
CW
Higher net margin
CRCL
CRCL
15.0% more per $
CRCL
29.0%
14.0%
CW
More free cash flow
CRCL
CRCL
$2.3M more FCF
CRCL
$-14.7M
$-17.0M
CW

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CRCL
CRCL
CW
CW
Revenue
$739.8M
$914.0M
Net Profit
$214.4M
$128.2M
Gross Margin
36.3%
Operating Margin
11.0%
17.5%
Net Margin
29.0%
14.0%
Revenue YoY
5113.5%
13.4%
Net Profit YoY
202.0%
26.5%
EPS (diluted)
$0.64
$3.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CRCL
CRCL
CW
CW
Q1 26
$914.0M
Q4 25
$947.0M
Q3 25
$739.8M
$869.2M
Q2 25
$658.1M
$876.6M
Q1 25
$805.6M
Q4 24
$824.3M
Q3 24
$798.9M
Q2 24
$6.8M
$784.8M
Net Profit
CRCL
CRCL
CW
CW
Q1 26
$128.2M
Q4 25
$137.0M
Q3 25
$214.4M
$124.8M
Q2 25
$-482.1M
$121.1M
Q1 25
$101.3M
Q4 24
$117.9M
Q3 24
$111.2M
Q2 24
$32.9M
$99.5M
Gross Margin
CRCL
CRCL
CW
CW
Q1 26
36.3%
Q4 25
37.5%
Q3 25
37.7%
Q2 25
37.2%
Q1 25
36.3%
Q4 24
38.5%
Q3 24
37.3%
Q2 24
36.2%
Operating Margin
CRCL
CRCL
CW
CW
Q1 26
17.5%
Q4 25
19.2%
Q3 25
11.0%
19.1%
Q2 25
-49.5%
17.8%
Q1 25
16.0%
Q4 24
18.8%
Q3 24
18.1%
Q2 24
16.4%
Net Margin
CRCL
CRCL
CW
CW
Q1 26
14.0%
Q4 25
14.5%
Q3 25
29.0%
14.4%
Q2 25
-73.3%
13.8%
Q1 25
12.6%
Q4 24
14.3%
Q3 24
13.9%
Q2 24
486.5%
12.7%
EPS (diluted)
CRCL
CRCL
CW
CW
Q1 26
$3.46
Q4 25
$3.69
Q3 25
$0.64
$3.31
Q2 25
$-4.48
$3.19
Q1 25
$2.68
Q4 24
$3.09
Q3 24
$2.89
Q2 24
$0.00
$2.58

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRCL
CRCL
CW
CW
Cash + ST InvestmentsLiquidity on hand
$1.3B
$343.4M
Total DebtLower is stronger
$757.6M
Stockholders' EquityBook value
$3.0B
$2.6B
Total Assets
$76.8B
$5.3B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRCL
CRCL
CW
CW
Q1 26
$343.4M
Q4 25
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$226.5M
Q4 24
$385.0M
Q3 24
Q2 24
$457.5M
Total Debt
CRCL
CRCL
CW
CW
Q1 26
$757.6M
Q4 25
$957.9M
Q3 25
$968.6M
Q2 25
$958.4M
Q1 25
$958.6M
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
Stockholders' Equity
CRCL
CRCL
CW
CW
Q1 26
$2.6B
Q4 25
$2.5B
Q3 25
$3.0B
$2.5B
Q2 25
$2.4B
$2.7B
Q1 25
$2.6B
Q4 24
$2.4B
Q3 24
$2.5B
Q2 24
$460.9M
$2.5B
Total Assets
CRCL
CRCL
CW
CW
Q1 26
$5.3B
Q4 25
$5.2B
Q3 25
$76.8B
$5.1B
Q2 25
$64.2B
$5.2B
Q1 25
$5.0B
Q4 24
$5.0B
Q3 24
$4.9B
Q2 24
$4.7B
Debt / Equity
CRCL
CRCL
CW
CW
Q1 26
0.29×
Q4 25
0.38×
Q3 25
0.38×
Q2 25
0.35×
Q1 25
0.37×
Q4 24
0.43×
Q3 24
0.42×
Q2 24
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRCL
CRCL
CW
CW
Operating Cash FlowLast quarter
$-10.7M
Free Cash FlowOCF − Capex
$-14.7M
$-17.0M
FCF MarginFCF / Revenue
-2.0%
-1.9%
Capex IntensityCapex / Revenue
0.5%
1.3%
Cash ConversionOCF / Net Profit
-0.05×
TTM Free Cash FlowTrailing 4 quarters
$591.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRCL
CRCL
CW
CW
Q1 26
Q4 25
$352.7M
Q3 25
$-10.7M
$192.8M
Q2 25
$303.7M
$136.6M
Q1 25
$-38.8M
Q4 24
$301.3M
Q3 24
$177.3M
Q2 24
$111.3M
Free Cash Flow
CRCL
CRCL
CW
CW
Q1 26
$-17.0M
Q4 25
$315.1M
Q3 25
$-14.7M
$175.9M
Q2 25
$296.3M
$117.2M
Q1 25
$-54.5M
Q4 24
$278.0M
Q3 24
$162.7M
Q2 24
$100.3M
FCF Margin
CRCL
CRCL
CW
CW
Q1 26
-1.9%
Q4 25
33.3%
Q3 25
-2.0%
20.2%
Q2 25
45.0%
13.4%
Q1 25
-6.8%
Q4 24
33.7%
Q3 24
20.4%
Q2 24
12.8%
Capex Intensity
CRCL
CRCL
CW
CW
Q1 26
1.3%
Q4 25
4.0%
Q3 25
0.5%
1.9%
Q2 25
1.1%
2.2%
Q1 25
2.0%
Q4 24
2.8%
Q3 24
1.8%
Q2 24
1.4%
Cash Conversion
CRCL
CRCL
CW
CW
Q1 26
Q4 25
2.57×
Q3 25
-0.05×
1.54×
Q2 25
1.13×
Q1 25
-0.38×
Q4 24
2.56×
Q3 24
1.59×
Q2 24
1.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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