CW vs. HEI

Last updated Apr 2, 2026

Compare and contrast key facts about Curtiss-Wright Corporation (CW) and HEICO Corporation (HEI).

Performance

CW vs. HEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Curtiss-Wright Corporation (CW) and HEICO Corporation (HEI). The values are adjusted to include any dividend payments, if applicable.

CW vs. HEI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CW Curtiss-Wright Corporation	26.48%	55.66%	59.73%	33.98%	21.03%	19.86%	-16.83%	38.70%	-15.79%	24.56%
HEI HEICO Corporation	-14.84%	36.22%	33.05%	16.56%	6.67%	9.06%	16.16%	47.54%	28.51%	53.04%

Fundamentals

Market Cap CW : $25.91B HEI : $38.85B
EPS CW : $12.88 HEI : $5.06
PE Ratio CW : 54.13 HEI : 54.47
PEG Ratio CW : 2.95 HEI : 2.45
PS Ratio CW : 7.49 HEI : 8.38
PB Ratio CW : 10.23 HEI : 7.70
Total Revenue (TTM) CW : $3.50B HEI : $4.63B
Gross Profit (TTM) CW : $1.30B HEI : $1.41B
EBITDA (TTM) CW : $749.24M HEI : $1.21B

Returns By Period

In the year-to-date period, CW achieves a 26.48% return, which is significantly higher than HEI's -14.84% return. Both investments have delivered pretty close results over the past 10 years, with CW having a 25.51% annualized return and HEI not far behind at 24.76%.

CW

• 1D: 2.33%
• 1M: -4.03%
• YTD: 26.48%
• 6M: 28.62%
• 1Y: 116.52%
• 3Y*: 58.57%
• 5Y*: 42.72%
• 10Y*: 25.51%

HEI

• 1D: 0.47%
• 1M: -16.33%
• YTD: -14.84%
• 6M: -13.83%
• 1Y: 2.02%
• 3Y*: 17.33%
• 5Y*: 16.70%
• 10Y*: 24.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CW vs. HEI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CW

CW Risk / Return Rank: 97
CW Sharpe Ratio Rank: 97
CW Sortino Ratio Rank: 95
CW Omega Ratio Rank: 95
CW Calmar Ratio Rank: 98
CW Martin Ratio Rank: 98

HEI

HEI Risk / Return Rank: 41
HEI Sharpe Ratio Rank: 43
HEI Sortino Ratio Rank: 36
HEI Omega Ratio Rank: 36
HEI Calmar Ratio Rank: 44
HEI Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CW vs. HEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Curtiss-Wright Corporation (CW) and HEICO Corporation (HEI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CW	HEI	Difference
Sharpe ratio Return per unit of total volatility	3.37	0.07	+3.30
Sortino ratio Return per unit of downside risk	3.67	0.30	+3.37
Omega ratio Gain probability vs. loss probability	1.52	1.04	+0.48
Calmar ratio Return relative to maximum drawdown	9.18	0.12	+9.06
Martin ratio Return relative to average drawdown	26.72	0.39	+26.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CW vs. HEI - Sharpe Ratio Comparison

The current CW Sharpe Ratio is 3.37, which is higher than the HEI Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of CW and HEI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CW	HEI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	0.07	+3.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.56	0.63	+0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.83	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.50	+0.09

Correlation

The correlation between CW and HEI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CW vs. HEI - Dividend Comparison

CW's dividend yield for the trailing twelve months is around 0.14%, more than HEI's 0.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CW Curtiss-Wright Corporation	0.14%	0.17%	0.23%	0.35%	0.45%	0.51%	0.58%	0.47%	0.59%	0.46%	0.53%	0.76%
HEI HEICO Corporation	0.09%	0.07%	0.09%	0.11%	0.12%	0.12%	0.12%	0.12%	0.14%	0.08%	0.22%	0.28%

Drawdowns

CW vs. HEI - Drawdown Comparison

The maximum CW drawdown since its inception was -59.19%, smaller than the maximum HEI drawdown of -75.50%. Use the drawdown chart below to compare losses from any high point for CW and HEI.

Drawdown Indicators

	CW	HEI	Difference
Max Drawdown Largest peak-to-trough decline	-59.19%	-75.50%	+16.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-25.98%	+12.91%
Max Drawdown (5Y) Largest decline over 5 years	-27.21%	-25.98%	-1.23%
Max Drawdown (10Y) Largest decline over 10 years	-48.73%	-57.73%	+9.00%
Current Drawdown Current decline from peak	-4.03%	-23.06%	+19.03%
Average Drawdown Average peak-to-trough decline	-13.95%	-19.97%	+6.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.49%	8.07%	-3.58%

Volatility

CW vs. HEI - Volatility Comparison

Curtiss-Wright Corporation (CW) has a higher volatility of 14.85% compared to HEICO Corporation (HEI) at 10.02%. This indicates that CW's price experiences larger fluctuations and is considered to be riskier than HEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CW	HEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.85%	10.02%	+4.83%
Volatility (6M) Calculated over the trailing 6-month period	26.51%	21.09%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	34.84%	30.34%	+4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	26.56%	+1.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.15%	30.09%	+0.06%

Financials

CW vs. HEI - Profitability Comparison

The chart below illustrates the profitability comparison between Curtiss-Wright Corporation and HEICO Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Curtiss-Wright Corporation reported a gross profit of 355.44M and revenue of 946.98M. Therefore, the gross margin over that period was 37.5%.

HEI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, HEICO Corporation reported a gross profit of 0.00 and revenue of 1.18B. Therefore, the gross margin over that period was 0.0%.

CW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Curtiss-Wright Corporation reported an operating income of 186.26M and revenue of 946.98M, resulting in an operating margin of 19.7%.

HEI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, HEICO Corporation reported an operating income of 259.90M and revenue of 1.18B, resulting in an operating margin of 22.1%.

CW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Curtiss-Wright Corporation reported a net income of 137.00M and revenue of 946.98M, resulting in a net margin of 14.5%.

HEI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, HEICO Corporation reported a net income of 190.19M and revenue of 1.18B, resulting in a net margin of 16.1%.