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Side-by-side financial comparison of CURTISS WRIGHT CORP (CW) and FREQUENCY ELECTRONICS INC (FEIM), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
CURTISS WRIGHT CORP is the larger business by last-quarter revenue ($947.0M vs $17.1M, roughly 55.3× FREQUENCY ELECTRONICS INC). CURTISS WRIGHT CORP runs the higher net margin — 14.5% vs 10.5%, a 4.0% gap on every dollar of revenue. On growth, CURTISS WRIGHT CORP posted the faster year-over-year revenue change (14.9% vs 8.3%). CURTISS WRIGHT CORP produced more free cash flow last quarter ($315.1M vs $-1.1M). Over the past eight quarters, CURTISS WRIGHT CORP's revenue compounded faster (15.2% CAGR vs 11.8%).
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.
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
CW vs FEIM — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $947.0M | $17.1M |
| Net Profit | $137.0M | $1.8M |
| Gross Margin | 37.5% | 38.2% |
| Operating Margin | 19.2% | 10.0% |
| Net Margin | 14.5% | 10.5% |
| Revenue YoY | 14.9% | 8.3% |
| Net Profit YoY | 16.2% | -32.1% |
| EPS (diluted) | $3.69 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $947.0M | $17.1M | ||
| Q3 25 | $869.2M | $13.8M | ||
| Q2 25 | $876.6M | $20.0M | ||
| Q1 25 | $805.6M | $18.9M | ||
| Q4 24 | $824.3M | $15.8M | ||
| Q3 24 | $798.9M | $15.1M | ||
| Q2 24 | $784.8M | $15.6M | ||
| Q1 24 | $713.2M | $13.7M |
| Q4 25 | $137.0M | $1.8M | ||
| Q3 25 | $124.8M | $634.0K | ||
| Q2 25 | $121.1M | $3.2M | ||
| Q1 25 | $101.3M | $15.4M | ||
| Q4 24 | $117.9M | $2.7M | ||
| Q3 24 | $111.2M | $2.4M | ||
| Q2 24 | $99.5M | $2.6M | ||
| Q1 24 | $76.5M | $130.0K |
| Q4 25 | 37.5% | 38.2% | ||
| Q3 25 | 37.7% | 36.8% | ||
| Q2 25 | 37.2% | 37.5% | ||
| Q1 25 | 36.3% | 43.8% | ||
| Q4 24 | 38.5% | 48.2% | ||
| Q3 24 | 37.3% | 44.4% | ||
| Q2 24 | 36.2% | 40.3% | ||
| Q1 24 | 35.6% | 22.6% |
| Q4 25 | 19.2% | 10.0% | ||
| Q3 25 | 19.1% | 2.6% | ||
| Q2 25 | 17.8% | 16.4% | ||
| Q1 25 | 16.0% | 18.3% | ||
| Q4 24 | 18.8% | 16.5% | ||
| Q3 24 | 18.1% | 15.7% | ||
| Q2 24 | 16.4% | 16.0% | ||
| Q1 24 | 14.0% | -3.4% |
| Q4 25 | 14.5% | 10.5% | ||
| Q3 25 | 14.4% | 4.6% | ||
| Q2 25 | 13.8% | 16.0% | ||
| Q1 25 | 12.6% | 81.4% | ||
| Q4 24 | 14.3% | 16.8% | ||
| Q3 24 | 13.9% | 16.1% | ||
| Q2 24 | 12.7% | 16.9% | ||
| Q1 24 | 10.7% | 0.9% |
| Q4 25 | $3.69 | $0.18 | ||
| Q3 25 | $3.31 | $0.07 | ||
| Q2 25 | $3.19 | $0.33 | ||
| Q1 25 | $2.68 | $1.60 | ||
| Q4 24 | $3.09 | $0.28 | ||
| Q3 24 | $2.89 | $0.25 | ||
| Q2 24 | $2.58 | $0.28 | ||
| Q1 24 | $1.99 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.0M |
| Total DebtLower is stronger | $957.9M | — |
| Stockholders' EquityBook value | $2.5B | $58.5M |
| Total Assets | $5.2B | $92.3M |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $3.0M | ||
| Q3 25 | — | $4.5M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | $226.5M | $5.5M | ||
| Q4 24 | $385.0M | $9.7M | ||
| Q3 24 | — | $16.2M | ||
| Q2 24 | — | $18.3M | ||
| Q1 24 | $338.0M | $11.7M |
| 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 | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $2.5B | $58.5M | ||
| Q3 25 | $2.5B | $56.3M | ||
| Q2 25 | $2.7B | $55.6M | ||
| Q1 25 | $2.6B | $51.8M | ||
| Q4 24 | $2.4B | $36.2M | ||
| Q3 24 | $2.5B | $33.2M | ||
| Q2 24 | $2.5B | $39.8M | ||
| Q1 24 | $2.4B | $36.7M |
| Q4 25 | $5.2B | $92.3M | ||
| Q3 25 | $5.1B | $93.2M | ||
| Q2 25 | $5.2B | $93.7M | ||
| Q1 25 | $5.0B | $86.4M | ||
| Q4 24 | $5.0B | $77.8M | ||
| Q3 24 | $4.9B | $84.3M | ||
| Q2 24 | $4.7B | $83.3M | ||
| Q1 24 | $4.6B | $77.7M |
| 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× | — | ||
| Q1 24 | 0.44× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $352.7M | $-523.0K |
| Free Cash FlowOCF − Capex | $315.1M | $-1.1M |
| FCF MarginFCF / Revenue | 33.3% | -6.6% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 4.0% | 3.6% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 2.57× | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $553.7M | $-5.5M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $352.7M | $-523.0K | ||
| Q3 25 | $192.8M | $1.2M | ||
| Q2 25 | $136.6M | $-155.0K | ||
| Q1 25 | $-38.8M | $-3.6M | ||
| Q4 24 | $301.3M | $3.8M | ||
| Q3 24 | $177.3M | $-1.5M | ||
| Q2 24 | $111.3M | $7.5M | ||
| Q1 24 | $-45.6M | $4.2M |
| Q4 25 | $315.1M | $-1.1M | ||
| Q3 25 | $175.9M | $385.0K | ||
| Q2 25 | $117.2M | $-786.0K | ||
| Q1 25 | $-54.5M | $-4.0M | ||
| Q4 24 | $278.0M | $3.3M | ||
| Q3 24 | $162.7M | $-1.8M | ||
| Q2 24 | $100.3M | $6.7M | ||
| Q1 24 | $-57.7M | $3.9M |
| Q4 25 | 33.3% | -6.6% | ||
| Q3 25 | 20.2% | 2.8% | ||
| Q2 25 | 13.4% | -3.9% | ||
| Q1 25 | -6.8% | -20.9% | ||
| Q4 24 | 33.7% | 20.8% | ||
| Q3 24 | 20.4% | -11.8% | ||
| Q2 24 | 12.8% | 42.8% | ||
| Q1 24 | -8.1% | 28.4% |
| Q4 25 | 4.0% | 3.6% | ||
| Q3 25 | 1.9% | 5.6% | ||
| Q2 25 | 2.2% | 3.2% | ||
| Q1 25 | 2.0% | 1.7% | ||
| Q4 24 | 2.8% | 3.3% | ||
| Q3 24 | 1.8% | 2.2% | ||
| Q2 24 | 1.4% | 5.3% | ||
| Q1 24 | 1.7% | 2.3% |
| Q4 25 | 2.57× | -0.29× | ||
| Q3 25 | 1.54× | 1.83× | ||
| Q2 25 | 1.13× | -0.05× | ||
| Q1 25 | -0.38× | -0.24× | ||
| Q4 24 | 2.56× | 1.44× | ||
| Q3 24 | 1.59× | -0.60× | ||
| Q2 24 | 1.12× | 2.85× | ||
| Q1 24 | -0.60× | 32.36× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
CW
| Naval Power | $417.4M | 44% |
| Defense Electronics | $268.3M | 28% |
| Aerospace Industrial | $262.4M | 28% |
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
