CW vs. ITW: Curtiss-Wright vs. Illinois Tool Works Stock Comparison
How do Curtiss-Wright (CW) and Illinois Tool Works (ITW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Curtiss-Wright (CW) and Illinois Tool Works (ITW) both fall under the Capital Goods industry group, but CW is classified in Aerospace & Defense while ITW is classified in Machinery.
| Profile Item | CW | ITW |
|---|---|---|
| Name | Curtiss-Wright Corporation | Illinois Tool Works Inc. |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Capital Goods | Capital Goods |
| GICS Industry | Aerospace & Defense | Machinery |
| GICS Sub-Industry | Aerospace & Defense | Industrial Machinery & Supplies & Components |
| Market Capitalization | 16.81 billion USD | 79.85 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 17, 1980 | March 13, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CW | ITW |
|---|---|---|
| Total Return (1Y) | -15.83% | 20.29% |
| Total Return (3Y, Annualized) | 33.49% | 10.62% |
| Total Return (5Y, Annualized) | 29.54% | 6.67% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CW | ITW |
|---|---|---|
| Volatility (1Y, Annualized) | 38.26% | 22.16% |
| Beta (5Y) | 0.93 | 0.91 |
| Max Drawdown (5Y) | -45.25% | -28.05% |
| Avg. Volume (3M) | 427.49K | 1.27M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CW | ITW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.53 | 0.72 |
| Sortino Ratio (1Y) | -0.71 | 1.12 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but Illinois Tool Works (ITW) at 101.65% is the standout with ROE above its industry range; Curtiss-Wright (CW) at 21.82% also sits in the top quartile.
CW
Capital Goods industry group
21.82%
- Max
- 40.55%
- CW
- 21.82%
- Q3
- 19.29%
- Median
- 12.12%
- Q1
- 4.08%
- Min
- -17.12%
ITW
Capital Goods industry group
101.65%
- ITW
- 101.65%
- Max
- 40.55%
- Q3
- 19.29%
- Median
- 12.12%
- Q1
- 4.08%
- Min
- -17.12%
Net Margin (TTM)
For every dollar of sales, both Curtiss-Wright (CW) at 14.86% and Illinois Tool Works (ITW) at 19.39% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
CW
Capital Goods industry group
14.86%
- Max
- 27.47%
- CW
- 14.86%
- Q3
- 12.10%
- Median
- 6.30%
- Q1
- 1.40%
- Min
- -12.89%
ITW
Capital Goods industry group
19.39%
- Max
- 27.47%
- ITW
- 19.39%
- Q3
- 12.10%
- Median
- 6.30%
- Q1
- 1.40%
- Min
- -12.89%
Operating Margin (TTM)
Both Curtiss-Wright (CW) at 19.87% and Illinois Tool Works (ITW) at 28.05% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
CW
Capital Goods industry group
19.87%
- Max
- 36.60%
- CW
- 19.87%
- Q3
- 18.33%
- Median
- 11.12%
- Q1
- 5.14%
- Min
- -12.63%
ITW
Capital Goods industry group
28.05%
- Max
- 36.60%
- ITW
- 28.05%
- Q3
- 18.33%
- Median
- 11.12%
- Q1
- 5.14%
- Min
- -12.63%
Profitability Metrics
| Metric | CW | ITW |
|---|---|---|
| ROE (TTM) | 21.82% | 101.65% |
| ROA (TTM) | 8.90% | 17.13% |
| Net Margin (TTM) | 14.86% | 19.39% |
| Operating Margin (TTM) | 19.87% | 28.05% |
| Gross Margin (TTM) | 38.07% | 44.32% |
Growth
Revenue Growth
Curtiss-Wright (CW) at 12.08% is around its peer norm for revenue growth, while Illinois Tool Works (ITW) at 0.92% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both Curtiss-Wright (CW) at 21.99% and Illinois Tool Works (ITW) at -10.42% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | CW | ITW |
|---|---|---|
| Revenue Growth (YoY) | 12.08% | 0.92% |
| Revenue Growth (3Y CAGR) | 11.01% | 0.23% |
| EPS Growth (YoY) | 21.99% | -10.42% |
| EPS Growth (3Y CAGR) | 19.09% | 2.40% |
Financial Strength
Current Ratio (MRQ)
Both Curtiss-Wright (CW) at 1.42 and Illinois Tool Works (ITW) at 1.29 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
CW
Capital Goods industry group
1.42
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- Q1
- 1.43
- CW
- 1.42
- Min
- 0.36
ITW
Capital Goods industry group
1.29
- Max
- 5.22
- Q3
- 2.95
- Median
- 2.08
- Q1
- 1.43
- ITW
- 1.29
- Min
- 0.36
Debt / Equity (MRQ)
Curtiss-Wright (CW) at 0.45 is near its industry mid-range for debt-to-equity ratio, while Illinois Tool Works (ITW) at 2.98 sits above its benchmark range, pointing to a heavier debt load relative to equity.
CW
Capital Goods industry group
0.45
- Max
- 2.33
- Q3
- 1.12
- Median
- 0.60
- CW
- 0.45
- Q1
- 0.29
- Min
- 0.00
ITW
Capital Goods industry group
2.98
- ITW
- 2.98
- Max
- 2.33
- Q3
- 1.12
- Median
- 0.60
- Q1
- 0.29
- Min
- 0.00
Financial Strength Metrics
| Metric | CW | ITW |
|---|---|---|
| Current Ratio (MRQ) | 1.42 | 1.29 |
| Debt / Equity (MRQ) | 0.45 | 2.98 |
| Net Debt / EBITDA | 1.00 | 1.76 |
Dividends
Dividend Yield (TTM)
Illinois Tool Works (ITW) at 2.29% delivers top-quartile income for its industry, while Curtiss-Wright (CW) at 0.23% pays a more typical yield — both are credible income propositions, ITW the richer one.
CW
Capital Goods industry group
0.23%
- Max
- 2.66%
- Q3
- 1.14%
- Median
- 0.24%
- CW
- 0.23%
- Q1
- 0.00%
- Min
- 0.00%
ITW
Capital Goods industry group
2.29%
- Max
- 2.66%
- ITW
- 2.29%
- Q3
- 1.14%
- Median
- 0.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Curtiss-Wright (CW) at 6.67% pays out a band-typical share of earnings, while Illinois Tool Works (ITW) at 58.43% distributes more than its industry norm — less retained, thinner cover.
CW
Capital Goods industry group
6.67%
- Max
- 67.39%
- Q3
- 28.02%
- Median
- 6.86%
- CW
- 6.67%
- Q1
- 0.00%
- Min
- 0.00%
ITW
Capital Goods industry group
58.43%
- Max
- 67.39%
- ITW
- 58.43%
- Q3
- 28.02%
- Median
- 6.86%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CW | ITW |
|---|---|---|
| Dividend Yield (TTM) | 0.23% | 2.29% |
| Dividend Payout Ratio (TTM) | 6.67% | 58.43% |
Valuation
P/E Ratio (TTM)
Both Curtiss-Wright (CW) at 30.92 and Illinois Tool Works (ITW) at 25.06 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
CW
Capital Goods industry group
30.92
- Max
- 59.38
- Q3
- 35.92
- CW
- 30.92
- Median
- 25.41
- Q1
- 19.47
- Min
- 3.03
ITW
Capital Goods industry group
25.06
- Max
- 59.38
- Q3
- 35.92
- Median
- 25.41
- ITW
- 25.06
- Q1
- 19.47
- Min
- 3.03
P/S Ratio (TTM)
Both Curtiss-Wright (CW) at 4.50 and Illinois Tool Works (ITW) at 4.80 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
CW
Capital Goods industry group
4.50
- Max
- 7.54
- CW
- 4.50
- Q3
- 3.76
- Median
- 2.15
- Q1
- 1.03
- Min
- 0.03
ITW
Capital Goods industry group
4.80
- Max
- 7.54
- ITW
- 4.80
- Q3
- 3.76
- Median
- 2.15
- Q1
- 1.03
- Min
- 0.03
P/B Ratio (MRQ)
Both look rich against book: Curtiss-Wright (CW) at 6.64 sits in the upper P/B ratio quartile, and Illinois Tool Works (ITW) at 25.42 prices even higher, above its industry range.
CW
Capital Goods industry group
6.64
- Max
- 9.66
- CW
- 6.64
- Q3
- 5.00
- Median
- 3.12
- Q1
- 1.81
- Min
- -1.08
ITW
Capital Goods industry group
25.42
- ITW
- 25.42
- Max
- 9.66
- Q3
- 5.00
- Median
- 3.12
- Q1
- 1.81
- Min
- -1.08
Valuation Metrics
| Metric | CW | ITW |
|---|---|---|
| P/E Ratio (TTM) | 30.92 | 25.06 |
| P/S Ratio (TTM) | 4.50 | 4.80 |
| P/B Ratio (MRQ) | 6.64 | 25.42 |
| Free Cash Flow Yield (TTM) | 2.86% | 2.89% |