Curtiss-Wright Corporation (CW)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 354,509 | 294,348 | 267,159 | 201,392 | 307,583 |
| Total stockholders’ equity | US$ in thousands | 2,328,410 | 1,981,210 | 1,826,490 | 1,787,570 | 1,774,370 |
| ROE | 15.23% | 14.86% | 14.63% | 11.27% | 17.33% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $354,509K ÷ $2,328,410K
= 15.23%
Curtiss-Wright Corp.'s return on equity (ROE) has shown a generally positive trend over the past five years. The company's ROE increased from 17.33% in 2019 to 15.23% in 2023. This indicates that the company has been effectively utilizing its equity to generate profits for shareholders.
The gradual increase in ROE from 2019 to 2023 suggests improvements in the company's profitability and efficiency in utilizing its equity capital. However, it is important to note that there was a slight dip in ROE in 2020 compared to the previous year, indicating a temporary slowdown in profitability during that period.
Overall, Curtiss-Wright Corp. has demonstrated a consistent ability to generate returns for its shareholders over the years, with ROE figures consistently above 10%. This indicates that the company has been successful in effectively leveraging its equity to drive profitability and create value for its investors.
Peer comparison
Dec 31, 2023