Aerospace & Defense
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CW vs DRS
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
CW vs DRS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $27.41B | $11.11B |
| Revenue (TTM) | $3.50B | $3.69B |
| Net Income (TTM) | $484M | $290M |
| Gross Margin | 37.2% | 24.2% |
| Operating Margin | 18.2% | 9.9% |
| Forward P/E | 49.3x | 33.3x |
| Total Debt | $1.31B | $470M |
| Cash & Equiv. | $371M | $647M |
CW vs DRS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Curtiss-Wright Corp… (CW) | 100 | 740.4 | +640.4% |
| Leonardo DRS, Inc. (DRS) | 100 | 835.8 | +735.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CW vs DRS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CW carries the broadest edge in this set and is the clearest fit for valuation efficiency.
- PEG 2.26 vs DRS's 2.65
- 13.8% margin vs DRS's 7.8%
- 0.1% yield, 10-year raise streak, vs DRS's 0.9%
DRS is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.95, yield 0.9%
- Rev growth 12.8%, EPS growth 28.7%, 3Y rev CAGR 10.6%
- 56.1% 10Y total return vs CW's 8.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 12.8% revenue growth vs CW's 12.1% | |
| Value | Lower P/E (33.3x vs 49.3x) | |
| Quality / Margins | 13.8% margin vs DRS's 7.8% | |
| Stability / Safety | Beta 0.95 vs CW's 1.23, lower leverage | |
| Dividends | 0.1% yield, 10-year raise streak, vs DRS's 0.9% | |
| Momentum (1Y) | +104.7% vs DRS's +1.7% | |
| Efficiency (ROA) | 9.5% ROA vs DRS's 6.8%, ROIC 14.1% vs 10.5% |
CW vs DRS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CW vs DRS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CW leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DRS and CW operate at a comparable scale, with $3.7B and $3.5B in trailing revenue. CW is the more profitable business, keeping 13.8% of every revenue dollar as net income compared to DRS's 7.8%. On growth, CW holds the edge at +14.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.5B | $3.7B |
| EBITDAEarnings before interest/tax | $729M | $436M |
| Net IncomeAfter-tax profit | $484M | $290M |
| Free Cash FlowCash after capex | $554M | $397M |
| Gross MarginGross profit ÷ Revenue | +37.2% | +24.2% |
| Operating MarginEBIT ÷ Revenue | +18.2% | +9.9% |
| Net MarginNet income ÷ Revenue | +13.8% | +7.8% |
| FCF MarginFCF ÷ Revenue | +15.8% | +10.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.9% | +5.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +19.4% | +21.1% |
Valuation Metrics
DRS leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 40.6x trailing earnings, DRS trades at a 30% valuation discount to CW's 57.7x P/E. Adjusting for growth (PEG ratio), CW offers better value at 2.65x vs DRS's 3.23x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $27.4B | $11.1B |
| Enterprise ValueMkt cap + debt − cash | $28.4B | $10.9B |
| Trailing P/EPrice ÷ TTM EPS | 57.70x | 40.57x |
| Forward P/EPrice ÷ next-FY EPS est. | 49.30x | 33.29x |
| PEG RatioP/E ÷ EPS growth rate | 2.65x | 3.23x |
| EV / EBITDAEnterprise value multiple | 44.44x | 24.80x |
| Price / SalesMarket cap ÷ Revenue | 7.83x | 3.05x |
| Price / BookPrice ÷ Book value/share | 11.03x | 4.11x |
| Price / FCFMarket cap ÷ FCF | 49.50x | 48.96x |
Profitability & Efficiency
Evenly matched — CW and DRS each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
CW delivers a 18.7% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $11 for DRS. DRS carries lower financial leverage with a 0.17x debt-to-equity ratio, signaling a more conservative balance sheet compared to CW's 0.52x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +18.7% | +10.8% |
| ROA (TTM)Return on assets | +9.5% | +6.8% |
| ROICReturn on invested capital | +14.1% | +10.5% |
| ROCEReturn on capital employed | +16.6% | +10.8% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.52x | 0.17x |
| Net DebtTotal debt minus cash | $943M | -$177M |
| Cash & Equiv.Liquid assets | $371M | $647M |
| Total DebtShort + long-term debt | $1.3B | $470M |
| Interest CoverageEBIT ÷ Interest expense | 15.24x | 40.86x |
Total Returns (Dividends Reinvested)
CW leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CW five years ago would be worth $57,540 today (with dividends reinvested), compared to $34,202 for DRS. Over the past 12 months, CW leads with a +104.7% total return vs DRS's +1.7%. The 3-year compound annual growth rate (CAGR) favors CW at 66.2% vs DRS's 38.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +29.8% | +20.4% |
| 1-Year ReturnPast 12 months | +104.7% | +1.7% |
| 3-Year ReturnCumulative with dividends | +358.9% | +167.9% |
| 5-Year ReturnCumulative with dividends | +475.4% | +242.0% |
| 10-Year ReturnCumulative with dividends | +837.8% | +5608.1% |
| CAGR (3Y)Annualised 3-year return | +66.2% | +38.9% |
Risk & Volatility
Evenly matched — CW and DRS each lead in 1 of 2 comparable metrics.
Risk & Volatility
DRS is the less volatile stock with a 0.95 beta — it tends to amplify market swings less than CW's 1.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CW currently trades 99.1% from its 52-week high vs DRS's 84.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.23x | 0.95x |
| 52-Week HighHighest price in past year | $749.00 | $49.31 |
| 52-Week LowLowest price in past year | $352.03 | $32.43 |
| % of 52W HighCurrent price vs 52-week peak | +99.1% | +84.7% |
| RSI (14)Momentum oscillator 0–100 | 55.9 | 35.6 |
| Avg Volume (50D)Average daily shares traded | 302K | 1.1M |
Analyst Outlook
Evenly matched — CW and DRS each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CW as "Buy" and DRS as "Buy". Consensus price targets imply 26.8% upside for DRS (target: $53) vs -4.6% for CW (target: $709). For income investors, DRS offers the higher dividend yield at 0.85% vs CW's 0.12%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $708.50 | $53.00 |
| # AnalystsCovering analysts | 25 | 9 |
| Dividend YieldAnnual dividend ÷ price | +0.1% | +0.9% |
| Dividend StreakConsecutive years of raises | 10 | 0 |
| Dividend / ShareAnnual DPS | $0.92 | $0.36 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.7% | +0.3% |
CW leads in 2 of 6 categories (Income & Cash Flow, Total Returns). DRS leads in 1 (Valuation Metrics). 3 tied.
CW vs DRS: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CW or DRS a better buy right now?
For growth investors, Leonardo DRS, Inc.
(DRS) is the stronger pick with 12. 8% revenue growth year-over-year, versus 12. 1% for Curtiss-Wright Corporation (CW). Leonardo DRS, Inc. (DRS) offers the better valuation at 40. 6x trailing P/E (33. 3x forward), making it the more compelling value choice. Analysts rate Curtiss-Wright Corporation (CW) a "Buy" — based on 25 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CW or DRS?
On trailing P/E, Leonardo DRS, Inc.
(DRS) is the cheapest at 40. 6x versus Curtiss-Wright Corporation at 57. 7x. On forward P/E, Leonardo DRS, Inc. is actually cheaper at 33. 3x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Curtiss-Wright Corporation wins at 2. 26x versus Leonardo DRS, Inc. 's 2. 65x.
03Which is the better long-term investment — CW or DRS?
Over the past 5 years, Curtiss-Wright Corporation (CW) delivered a total return of +475.
4%, compared to +242. 0% for Leonardo DRS, Inc. (DRS). Over 10 years, the gap is even starker: DRS returned +56. 1% versus CW's +837. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CW or DRS?
By beta (market sensitivity over 5 years), Leonardo DRS, Inc.
(DRS) is the lower-risk stock at 0. 95β versus Curtiss-Wright Corporation's 1. 23β — meaning CW is approximately 30% more volatile than DRS relative to the S&P 500. On balance sheet safety, Leonardo DRS, Inc. (DRS) carries a lower debt/equity ratio of 17% versus 52% for Curtiss-Wright Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — CW or DRS?
By revenue growth (latest reported year), Leonardo DRS, Inc.
(DRS) is pulling ahead at 12. 8% versus 12. 1% for Curtiss-Wright Corporation (CW). On earnings-per-share growth, the picture is similar: Leonardo DRS, Inc. grew EPS 28. 7% year-over-year, compared to 22. 0% for Curtiss-Wright Corporation. Over a 3-year CAGR, CW leads at 11. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CW or DRS?
Curtiss-Wright Corporation (CW) is the more profitable company, earning 13.
8% net margin versus 7. 6% for Leonardo DRS, Inc. — meaning it keeps 13. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CW leads at 18. 2% versus 9. 5% for DRS. At the gross margin level — before operating expenses — CW leads at 37. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CW or DRS more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Curtiss-Wright Corporation (CW) is the more undervalued stock at a PEG of 2. 26x versus Leonardo DRS, Inc. 's 2. 65x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Leonardo DRS, Inc. (DRS) trades at 33. 3x forward P/E versus 49. 3x for Curtiss-Wright Corporation — 16. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DRS: 26. 8% to $53. 00.
08Which pays a better dividend — CW or DRS?
All stocks in this comparison pay dividends.
Leonardo DRS, Inc. (DRS) offers the highest yield at 0. 9%, versus 0. 1% for Curtiss-Wright Corporation (CW).
09Is CW or DRS better for a retirement portfolio?
For long-horizon retirement investors, Leonardo DRS, Inc.
(DRS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 95), 0. 9% yield). Both have compounded well over 10 years (DRS: +56. 1%, CW: +837. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CW and DRS?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
DRS pays a dividend while CW does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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