Curtiss-Wright Corporation (CW)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 38.16% | 38.03% | 37.87% | 35.18% | 36.12% |
| Operating profit margin | 17.33% | 16.87% | 15.53% | 12.08% | 16.24% |
| Pretax margin | 16.56% | 15.51% | 14.38% | 11.00% | 15.94% |
| Net profit margin | 12.68% | 11.73% | 10.84% | 8.42% | 12.36% |
Curtiss-Wright Corp. has demonstrated a consistent trend of gradually improving profitability ratios over the past five years. The gross profit margin has remained relatively stable, hovering around the mid to high 30% range, indicating the company's ability to effectively manage its production costs and generate revenue.
The operating profit margin has shown a positive growth trend, with a notable increase from 14.79% in 2020 to 17.03% in 2023. This indicates the company's efficiency in controlling its operating expenses and improving operational efficiency.
The pretax margin has also shown a steady improvement, indicating that Curtiss-Wright Corp. has been able to effectively manage its tax liabilities and increase profitability before accounting for taxes.
Lastly, the net profit margin has shown a consistent upward trajectory, reaching 12.46% in 2023 from 8.42% in 2020. This indicates that the company has been successful in controlling its overall expenses and increasing profit generated for each dollar of revenue.
Overall, Curtiss-Wright Corp.'s profitability ratios reflect a positive trend, demonstrating improved operational efficiency and effective cost management over the years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.49% | 9.52% | 9.33% | 7.18% | 10.73% |
| Return on assets (ROA) | 7.67% | 6.62% | 6.51% | 5.01% | 8.17% |
| Return on total capital | 15.23% | 14.38% | 13.72% | 10.87% | 16.88% |
| Return on equity (ROE) | 15.23% | 14.86% | 14.63% | 11.27% | 17.33% |
Curtiss-Wright Corp.'s profitability ratios show a generally positive trend over the past five years. The Operating return on assets (Operating ROA) has seen a fluctuation but has experienced an overall increase from 10.73% in 2019 to 10.49% in 2023, indicating the company's ability to generate operating profits from its assets has improved.
The Return on assets (ROA), which measures overall profitability by comparing net income to total assets, shows a steady increase from 5.01% in 2020 to 7.67% in 2023. This demonstrates that Curtiss-Wright's efficiency in utilizing its assets to generate profits has been improving consistently over the years.
The Return on total capital, reflecting the return the company earns on its total invested capital, has shown fluctuations but has generally increased from 12.42% in 2020 to 14.34% in 2023. This suggests that Curtiss-Wright is maximizing returns for both debt and equity investors.
Finally, the Return on equity (ROE), which represents the return generated on shareholders' equity, has been on an upward trend, rising from 11.27% in 2020 to 15.23% in 2023. This indicates that the company is effectively utilizing shareholder equity to generate profits and create value for its investors.
Overall, Curtiss-Wright Corp.'s profitability ratios demonstrate an improving trend, indicating efficient asset utilization and profitability growth over the years.