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Curtiss Wright vs Liqtech International: revenue, profit, margins and growth compared

Curtiss Wright brought in $3.5B of revenue in fiscal 2025, Liqtech International $16.5M in fiscal 2025. Revenue changed by +12.1% at Curtiss Wright and +13.0% at Liqtech International on the year before, so Liqtech International grew faster. Curtiss Wright kept 13.8% of its revenue as net profit, Liqtech International -51.7%. Free cash flow was $553.7M at Curtiss Wright and -$6.5M at Liqtech International.

Side by side, latest fiscal year

CWLIQT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.5B$16.5M
Revenue growth+12.1%+13.0%
Net income$484.2M-$8.5M
Net margin13.8%-51.7%
Free cash flow$553.7M-$6.5M
Free cash flow margin15.8%-39.4%
Earnings per share (diluted)$12.87-$0.89
Cash$371.3M$5.1M
Debt$957.9Mn/a
Price to earnings41.9n/a
Market value$19.9B$20.2M
Dividend yield0.17%n/a
Rank by revenue in sector#111 of 638 · Technology#525 of 638 · Technology

Over the years

Revenue
CW FY2018: $2.4BCW FY2019: $2.5BCW FY2020: $2.4BCW FY2021: $2.5BCW FY2022: $2.6BCW FY2023: $2.8BCW FY2024: $3.1BCW FY2025: $3.5BLIQT FY2018: $12.2MLIQT FY2019: $32.6MLIQT FY2020: $22.5MLIQT FY2021: $18.3MLIQT FY2022: $16MLIQT FY2023: $18MLIQT FY2024: $14.6MLIQT FY2025: $16.5MFY18FY19FY20FY21FY22FY23FY24FY25
CW $3.5BLIQT $16.5M
Net income
CW FY2018: $275.7MCW FY2019: $307.6MCW FY2020: $201.4MCW FY2021: $262.8MCW FY2022: $294.3MCW FY2023: $354.5MCW FY2024: $405MCW FY2025: $484.2MLIQT FY2018: -$3.8MLIQT FY2019: $39.6KLIQT FY2020: -$9.8MLIQT FY2021: -$11.1MLIQT FY2022: -$14.2MLIQT FY2023: -$8.6MLIQT FY2024: -$10.3MLIQT FY2025: -$8.5MFY18FY19FY20FY21FY22FY23FY24FY25
CW $484.2MLIQT -$8.5M
Net margin
CW FY2018: 11.4%CW FY2019: 12.4%CW FY2020: 8.4%CW FY2021: 10.5%CW FY2022: 11.5%CW FY2023: 12.5%CW FY2024: 13.0%CW FY2025: 13.8%LIQT FY2018: -31.2%LIQT FY2019: 0.1%LIQT FY2020: -43.5%LIQT FY2021: -60.9%LIQT FY2022: -88.7%LIQT FY2023: -47.6%LIQT FY2024: -70.8%LIQT FY2025: -51.7%FY18FY19FY20FY21FY22FY23FY24FY25
CW 13.8%LIQT -51.7%
Revenue growth
CW FY2019: +3.2%CW FY2020: -3.9%CW FY2021: +4.8%CW FY2022: +2.0%CW FY2023: +11.3%CW FY2024: +9.7%CW FY2025: +12.1%LIQT FY2019: +166.8%LIQT FY2020: -31.0%LIQT FY2021: -18.9%LIQT FY2022: -12.5%LIQT FY2023: +12.6%LIQT FY2024: -18.9%LIQT FY2025: +13.0%FY19FY20FY21FY22FY23FY24FY25
CW +12.1%LIQT +13.0%
Free cash flow
CW FY2018: $282.9MCW FY2019: $351.7MCW FY2020: $213.7MCW FY2021: $346.6MCW FY2022: $256.6MCW FY2023: $403.4MCW FY2024: $483.3MCW FY2025: $553.7MLIQT FY2018: -$4.1MLIQT FY2019: -$7.1MLIQT FY2020: -$6.4MLIQT FY2021: -$8.3MLIQT FY2022: -$13.7MLIQT FY2023: -$7.1MLIQT FY2024: -$8.9MLIQT FY2025: -$6.5MFY18FY19FY20FY21FY22FY23FY24FY25
CW $553.7MLIQT -$6.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about Curtiss Wright and Liqtech International

Which is bigger by revenue, Curtiss Wright or Liqtech International?

Curtiss Wright is bigger by revenue: $3.5B in fiscal 2025, against $16.5M for Liqtech International in fiscal 2025.

Which keeps more of its revenue as profit, Curtiss Wright or Liqtech International?

Curtiss Wright had a net margin of 13.8% in fiscal 2025; Liqtech International had -51.7% in fiscal 2025.

Which grew revenue faster, Curtiss Wright or Liqtech International?

In their latest fiscal years revenue changed by +12.1% at Curtiss Wright and +13.0% at Liqtech International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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