Curtiss-Wright Corporation (CW)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 556,891 | 569,865 | 554,378 | 537,650 | 514,463 | 505,332 | 477,119 | 459,050 | 436,175 | 386,018 | 375,985 | 368,348 | 394,750 | 365,612 | 354,306 | 310,527 | 298,596 | 346,018 | 367,952 | 428,264 |
| Long-term debt | US$ in thousands | 958,949 | 959,302 | 959,655 | 960,009 | 1,050,360 | 1,050,710 | 1,176,070 | 1,229,620 | 1,051,900 | 1,141,210 | 1,006,580 | 967,744 | 1,050,610 | 957,101 | 957,504 | 957,907 | 958,292 | 1,058,710 | 834,802 | 906,220 |
| Total stockholders’ equity | US$ in thousands | 2,449,800 | 2,490,420 | 2,458,420 | 2,380,180 | 2,328,410 | 2,185,160 | 2,138,260 | 2,054,160 | 1,981,210 | 1,884,240 | 1,867,640 | 1,849,420 | 1,826,490 | 1,900,060 | 1,894,700 | 1,838,160 | 1,787,570 | 1,799,460 | 1,713,300 | 1,669,840 |
| Return on total capital | 16.34% | 16.52% | 16.22% | 16.10% | 15.23% | 15.62% | 14.40% | 13.98% | 14.38% | 12.76% | 13.08% | 13.08% | 13.72% | 12.80% | 12.42% | 11.11% | 10.87% | 12.11% | 14.44% | 16.62% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $556,891K ÷ ($958,949K + $2,449,800K)
= 16.34%
Curtiss-Wright Corporation's return on total capital has shown fluctuations over the analyzed period, ranging from a low of 10.87% in December 2020 to a high of 16.62% in March 2020. The return has generally been trending downwards from 2020 to 2021 but started to pick up again in 2022 and continued to improve throughout 2023 and 2024.
The return on total capital provides insights into how efficiently the company is utilizing its capital to generate profits. A higher return on total capital indicates that the company is generating more profits per unit of capital employed.
It is essential for investors and analysts to monitor this ratio over time to assess the company's performance and efficiency in generating returns for its stakeholders. The steady improvement in return on total capital from 2022 to 2024 indicates that Curtiss-Wright Corporation is becoming more efficient in utilizing its capital to generate profits, which is a positive indicator for the company's financial health and sustainability.
Peer comparison
Dec 31, 2024