Income Statement Curtiss-Wright Corporation

Equities

CW

US2315611010

Aerospace & Defense

Market Closed - Nyse Other stock markets 04:00:02 2026-04-10 pm EDT			5-day change	1st Jan Change
725.71 ^USD	+0.44%		+4.44%	+31.64%

Mar. 18	Curtiss Wright Insider Sold Shares Worth $2,182,358, According to a Recent SEC Filing	MT
Mar. 18	Curtiss Wright Insider Sold Shares Worth $621,908, According to a Recent SEC Filing	MT

154fccf7862a5fa012656c4449d.ejKohNatSH8BDFUx9Y7lxsU1hQFIFkx_vgGMx2mNpQo.NlyFxuHiBA9ZeDkDwr6igZVN3GgdICgJy3HpvTb04mBJW-PSoNUrGFRUDA

Published financial data: CURTISS-WRIGHT CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.51B	2.56B	2.85B	3.12B	3.5B
Total Revenues	2.51B	2.56B	2.85B	3.12B	3.5B
Cost of Goods Sold, Total	1.57B	1.6B	1.78B	1.97B	2.2B
Gross Profit	933M	955M	1.07B	1.15B	1.3B
Selling General & Admin Expenses, Total	429M	429M	468M	487M	535M
R&D Expenses	88.49M	80.84M	85.76M	91.65M	95.16M
Other Operating Expenses, Total	517M	509M	554M	579M	630M
Operating Income	416M	445M	513M	575M	672M
Interest Expense, Total	-40.24M	-46.98M	-51.39M	-44.87M	-43.15M
Net Interest Expenses	-40.24M	-46.98M	-51.39M	-44.87M	-43.15M
Other Non Operating Income (Expenses)	1.7M	179K	966K	7.37M	-2.29M
EBT, Excl. Unusual Items	377M	398M	463M	537M	626M
Restructuring Charges	-	-	-	-14.45M	-4.5M
Gain (Loss) On Sale Of Assets	-19.09M	-4.65M	-	-	-
Other Unusual Items	-3.73M	-4.5M	-	-787K	-1.59M
EBT, Incl. Unusual Items	355M	389M	463M	522M	620M
Income Tax Expense	87.35M	94.85M	109M	117M	136M
Earnings From Continuing Operations	267M	294M	355M	405M	484M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	267M	294M	355M	405M	484M
Net Income - (IS)	267M	294M	355M	405M	484M
Net Income to Common Incl Extra Items	267M	294M	355M	405M	484M
Net Income to Common Excl. Extra Items	267M	294M	355M	405M	484M
Per Share Items
Net EPS - Basic	6.61	7.67	9.26	10.61	12.94
Basic EPS - Continuing Operations	6.61	7.67	9.26	10.61	12.94
Basic Weighted Average Shares Outstanding	40.42M	38.39M	38.28M	38.15M	37.42M
Net EPS - Diluted	6.58	7.62	9.2	10.55	12.87
Diluted EPS - Continuing Operations	6.58	7.62	9.2	10.55	12.87
Diluted Weighted Average Shares Outstanding	40.6M	38.65M	38.53M	38.37M	37.63M
Normalized Basic EPS	5.83	6.49	7.56	8.8	10.46
Normalized Diluted EPS	5.81	6.44	7.51	8.75	10.4
Dividend Per Share	0.71	0.75	0.79	0.83	0.93
Payout Ratio	10.73	9.78	8.53	7.82	7.17
Supplemental Items
EBITDA	530M	557M	630M	682M	796M
EBITA	476M	506M	578M	632M	744M
EBIT	416M	445M	513M	575M	672M
EBITDAR	572M	599M	674M	730M	847M
Total Revenues (As Reported)	2.51B	2.56B	2.85B	3.12B	3.5B
Effective Tax Rate - (Ratio)	24.64	24.37	23.44	22.43	21.9
Current Domestic Taxes	73.39M	77.76M	71.73M	80.44M	75.62M
Current Foreign Taxes	22.03M	34.52M	36.79M	43.2M	50.31M
Total Current Taxes	95.42M	112M	109M	124M	126M
Deferred Domestic Taxes	-7.64M	-15.86M	327K	-4.56M	10.78M
Deferred Foreign Taxes	-426K	-1.58M	-284K	-2M	-918K
Total Deferred Taxes	-8.07M	-17.44M	43K	-6.56M	9.86M
Normalized Net Income	236M	249M	289M	336M	391M
Interest on Long-Term Debt	431K	390K	347K	299K	231K
Non-Cash Pension Expense	-10.85M	-12.55M	-28.9M	-30.96M	-31.93M
Supplemental Operating Expense Items
Selling and Marketing Expenses	117M	122M	137M	145M	169M
General and Administrative Expenses	326M	324M	360M	373M	400M
Research And Development Expense From Footnotes	88.49M	80.84M	85.76M	91.65M	95.16M
Net Rental Expense, Total	41.66M	42.12M	44.32M	47.26M	50.39M
Imputed Operating Lease Interest Expense	10.98M	12M	13.84M	13.9M	14.49M
Imputed Operating Lease Depreciation	30.68M	30.13M	30.48M	33.36M	35.91M
Stock-Based Comp., Other (Total)	13.45M	15.38M	16.8M	18.89M	21.52M
Total Stock-Based Compensation	13.45M	15.38M	16.8M	18.89M	21.52M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	171M	257M	407M	385M	371M
Total Cash And Short Term Investments	171M	257M	407M	385M	371M
Accounts Receivable, Total	647M	725M	733M	835M	932M
Total Receivables	647M	725M	733M	835M	932M
Inventory	412M	483M	510M	541M	615M
Other Current Assets, Total	78.09M	52.62M	67.5M	88.07M	99.69M
Total Current Assets	1.31B	1.52B	1.72B	1.85B	2.02B
Gross Property Plant And Equipment	1.29B	1.29B	1.32B	1.36B	1.46B
Accumulated Depreciation	-783M	-794M	-842M	-856M	-883M
Net Property Plant And Equipment	504M	497M	474M	508M	581M
Goodwill	1.46B	1.54B	1.56B	1.68B	1.69B
Other Intangibles, Total	538M	621M	558M	597M	532M
Other Long-Term Assets, Total	291M	270M	313M	355M	397M
Total Assets	4.1B	4.45B	4.62B	4.99B	5.22B
Liabilities
Accounts Payable, Total	212M	267M	244M	247M	310M
Accrued Expenses, Total	153M	144M	183M	219M	237M
Current Portion of Long-Term Debt	-	202M	-	90M	200M
Current Portion of Leases	26.41M	31.01M	31.81M	31.04M	31.73M
Current Income Taxes Payable	3.24M	38.19M	10.35M	5.01M	12.44M
Unearned Revenue Current, Total	260M	242M	304M	459M	561M
Other Current Liabilities	80.91M	46.37M	34.01M	43.85M	52.64M
Total Current Liabilities	735M	971M	807M	1.1B	1.41B
Long-Term Debt	1.05B	1.05B	1.05B	959M	758M
Long-Term Leases	136M	140M	125M	154M	178M
Pension & Other Post Retirement Benefits	91.33M	58.35M	66.88M	67.41M	71.42M
Deferred Tax Liability Non Current	147M	123M	132M	141M	154M
Other Non Current Liabilities	117M	113M	111M	119M	120M
Total Liabilities	2.28B	2.46B	2.29B	2.54B	2.69B
Common Stock, Total	49.19M	49.19M	49.19M	49.19M	49.19M
Additional Paid In Capital	127M	135M	140M	148M	165M
Retained Earnings	2.91B	3.17B	3.49B	3.86B	4.31B
Treasury Stock	-1.07B	-1.11B	-1.14B	-1.37B	-1.82B
Comprehensive Income and Other	-190M	-259M	-213M	-243M	-174M
Total Common Equity	1.83B	1.99B	2.33B	2.45B	2.53B
Total Equity	1.83B	1.99B	2.33B	2.45B	2.53B
Total Liabilities And Equity	4.1B	4.45B	4.62B	4.99B	5.22B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	38.44M	38.27M	38.21M	37.66M	36.87M
ECS Total Common Shares Outstanding	38.47M	38.26M	38.2M	37.65M	36.86M
Book Value / Share	47.48	52.07	60.95	65.07	68.74
Tangible Book Value	-175M	-173M	212M	177M	309M
Tangible Book Value Per Share	-4.54	-4.53	5.55	4.71	8.38
Total Debt	1.21B	1.43B	1.21B	1.23B	1.17B
Net Debt	1.04B	1.17B	801M	849M	797M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-178M	-179M	-210M	-244M	-273M
Debt Equivalent Oper. Leases	333M	337M	355M	378M	403M
Account Code - Inventory Valuation	-	3	3	3	3
Inventories - Raw Materials, Total	191M	242M	239M	262M	288M
Inventories - Work In Process, Total	78.22M	76.33M	104M	108M	131M
Inventories - Finished Goods, Total	98.94M	128M	126M	135M	147M
Inventories - Others	43.34M	36.58M	40.8M	36.36M	49.56M
Land - (BS)	17.62M	16.88M	16.17M	15.77M	19.5M
Buildings, Total	239M	253M	253M	251M	261M
Machinery, Total	886M	867M	905M	928M	984M
Full Time Employees	7.8K	8.1K	8.6K	8.8K	9.1K
Accumulated Allowance for Doubtful Accounts (Supple)	5.32M	4.69M	4.03M	4.2M	6.39M
Order Backlog	2.23B	2.62B	2.87B	3.45B	4.08B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	267M	294M	355M	405M	484M
Depreciation & Amortization - CF	54.38M	51.03M	51.17M	50.67M	52.82M
Amortization of Goodwill and Intangible Assets - (CF)	60M	61M	65M	57M	72M
Depreciation & Amortization, Total	114M	112M	116M	108M	125M
(Gain) Loss From Sale Of Asset	18.52M	-20K	-2.88M	-10K	362K
Asset Writedown & Restructuring Costs	-	-	-	4.27M	468K
Stock-Based Compensation (CF)	13.45M	15.38M	16.8M	18.89M	21.52M
Other Operating Activities, Total	-10.2M	-23.64M	2.91M	-11.82M	15M
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	-59.37M	-74.8M	-2.39M	-88.81M	-82.85M
Change In Inventories	15.32M	-60.62M	-21.57M	-34.5M	-63.48M
Change In Accounts Payable	17.71M	42.49M	11.57M	16.02M	73.93M
Change in Unearned Revenues	5.91M	-20.74M	47.91M	144M	97.68M
Change In Income Taxes	-12.99M	55.85M	-27.35M	-	-
Change in Other Net Operating Assets	17.77M	-45.5M	-47.59M	-16.68M	-28.27M
Cash from Operations	388M	295M	448M	544M	643M
Capital Expenditure	-41.11M	-38.22M	-44.67M	-60.97M	-89.69M
Sale of Property, Plant, and Equipment	4.04M	9.84M	9.15M	3.21M	1.27M
Cash Acquisitions	-5.34M	-287M	-	-226M	-9.62M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-10M	-	-	7.92M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-42.4M	-326M	-35.52M	-283M	-90.12M
Short Term Debt Issued, Total	-	-	-	-	475M
Long-Term Debt Issued, Total	456M	2B	638M	21.31M	-
Total Debt Issued	456M	2B	638M	21.31M	475M
Short Term Debt Repaid, Total	-	-	-	-	-475M
Long-Term Debt Repaid, Total	-462M	-1.79B	-841M	-21.31M	-90M
Total Debt Repaid	-462M	-1.79B	-841M	-21.31M	-565M
Issuance of Common Stock	9.7M	10M	10.58M	11.34M	12.54M
Repurchase of Common Stock	-343M	-56.87M	-50.14M	-250M	-465M
Common Dividends Paid	-28.66M	-28.78M	-30.25M	-31.66M	-34.73M
Common & Preferred Stock Dividends Paid	-28.66M	-28.78M	-30.25M	-31.66M	-34.73M
Other Financing Activities, Total	-945K	-1.02M	-1.1M	-1.18M	-1.16M
Cash from Financing	-369M	129M	-273M	-271M	-578M
Foreign Exchange Rate Adjustments	-3.38M	-12.37M	10.73M	-11.3M	11.32M
Net Change in Cash	-27.24M	85.97M	150M	-21.82M	-13.7M
Supplemental Items
Cash Interest Paid	40M	42M	52M	42M	42M
Cash Income Tax Paid (Refund)	107M	61.1M	136M	136M	134M
Levered Free Cash Flow	314M	244M	353M	443M	466M
Unlevered Free Cash Flow	339M	273M	385M	471M	493M
Change In Net Working Capital	7.94M	94.06M	23.98M	-45.83M	-16.35M
Net Debt Issued / Repaid	-6.1M	206M	-202M	0	-90M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.4	6.51	7.08	7.48	8.22
Return on Total Capital	8.58	8.62	9.25	9.95	11.37
Return On Equity %	14.78	15.42	16.45	16.95	19.43
Return on Common Equity	14.78	15.42	16.45	16.95	19.43
Margin Analysis
Gross Profit Margin %	37.25	37.33	37.51	36.96	37.2
SG&A Margin	17.12	16.76	16.44	15.61	15.29
EBITDA Margin %	21.16	21.79	22.13	21.87	22.76
EBITA Margin %	18.99	19.79	20.33	20.24	21.25
EBIT Margin %	16.6	17.41	18.05	18.42	19.2
Income From Continuing Operations Margin %	10.66	11.51	12.46	12.98	13.84
Net Income Margin %	10.66	11.51	12.46	12.98	13.84
Net Avail. For Common Margin %	10.66	11.51	12.46	12.98	13.84
Normalized Net Income Margin	9.41	9.74	10.17	10.76	11.19
Levered Free Cash Flow Margin	12.51	9.54	12.41	14.18	13.31
Unlevered Free Cash Flow Margin	13.52	10.69	13.54	15.08	14.08
Asset Turnover
Asset Turnover	0.62	0.6	0.63	0.65	0.69
Fixed Assets Turnover	4.85	5.11	5.86	6.35	6.42
Receivables Turnover (Average Receivables)	4.06	3.73	3.91	3.98	3.96
Inventory Turnover (Average Inventory)	3.74	3.58	3.58	3.74	3.8
Short Term Liquidity
Current Ratio	1.78	1.56	2.13	1.69	1.44
Quick Ratio	1.11	1.01	1.41	1.11	0.93
Operating Cash Flow to Current Liabilities	0.53	0.3	0.56	0.5	0.46
Days Sales Outstanding (Average Receivables)	90	97.9	93.39	91.92	92.2
Days Outstanding Inventory (Average Inventory)	97.53	101.9	101.93	97.79	96.08
Average Days Payable Outstanding	48.45	52.13	51.6	44.95	44.81
Cash Conversion Cycle (Average Days)	139.09	147.67	143.72	144.76	143.47
Long Term Solvency
Total Debt/Equity	66.42	71.56	51.86	50.36	46.1
Total Debt / Total Capital	39.91	41.71	34.15	33.49	31.56
LT Debt/Equity	64.98	59.84	50.49	45.42	36.96
Long-Term Debt / Total Capital	39.04	34.88	33.25	30.21	25.3
Total Liabilities / Total Assets	55.49	55.23	49.61	50.86	51.48
EBIT / Interest Expense	10.33	9.48	9.99	12.81	15.56
EBITDA / Interest Expense	14.21	12.76	13.11	16.26	19.62
(EBITDA - Capex) / Interest Expense	13.19	11.94	12.25	14.9	17.55
Total Debt / EBITDA	2.12	2.38	1.79	1.69	1.38
Net Debt / EBITDA	1.82	1.95	1.19	1.16	0.94
Total Debt / (EBITDA - Capex)	2.29	2.54	1.92	1.84	1.54
Net Debt / (EBITDA - Capex)	1.96	2.08	1.27	1.27	1.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.79	2.04	11.28	9.69	12.08
Gross Profit, 1 Yr. Growth %	10.95	2.28	11.79	8.09	12.83
EBITDA, 1 Yr. Growth %	8.19	5.05	13.01	8.38	16.69
EBITA, 1 Yr. Growth %	9.34	6.34	14.29	9.21	17.69
EBIT, 1 Yr. Growth %	11.13	7.01	15.35	11.94	16.83
Earnings From Cont. Operations, 1 Yr. Growth %	32.66	10.18	20.44	14.24	19.57
Net Income, 1 Yr. Growth %	32.66	10.18	20.44	14.24	19.57
Normalized Net Income, 1 Yr. Growth %	10.92	5.67	16.25	16.03	16.53
Diluted EPS Before Extra, 1 Yr. Growth %	37.08	15.81	20.73	14.67	21.99
Accounts Receivable, 1 Yr. Growth %	9.92	11.97	1.3	13.97	11.65
Inventory, 1 Yr. Growth %	-4.04	17.38	5.57	6.16	13.6
Net Property, Plant and Equip., 1 Yr. Growth %	-4.81	-1.41	-4.5	7.22	14.23
Total Assets, 1 Yr. Growth %	2.04	8.43	3.88	7.89	4.73
Tangible Book Value, 1 Yr. Growth %	-37.01	-0.69	-215	-16.38	74.16
Common Equity, 1 Yr. Growth %	2.18	9.07	17.52	5.21	3.42
Cash From Operations, 1 Yr. Growth %	48.43	-23.96	52.01	21.47	18.21
Capital Expenditures, 1 Yr. Growth %	-13.46	-7.03	16.87	36.51	47.1
Levered Free Cash Flow, 1 Yr. Growth %	6.03	-22.21	38.55	25.33	5.22
Unlevered Free Cash Flow, 1 Yr. Growth %	6.53	-19.31	35.54	22.16	4.68
Dividend Per Share, 1 Yr. Growth %	4.41	5.63	5.33	5.06	12.05
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.36	3.41	6.67	10.48	10.88
Gross Profit, 2 Yr. CAGR %	1.91	6.53	7.25	9.93	10.44
EBITDA, 2 Yr. CAGR %	0.26	6.63	9.54	10.67	12.46
EBITA, 2 Yr. CAGR %	0.61	7.85	10.89	11.72	13.37
EBIT, 2 Yr. CAGR %	-1.09	9.07	11.85	13.63	14.36
Earnings From Cont. Operations, 2 Yr. CAGR %	-6.8	20.9	16.14	17.3	16.87
Net Income, 2 Yr. CAGR %	-6.8	20.9	16.14	17.3	16.87
Normalized Net Income, 2 Yr. CAGR %	-2.44	9.84	11.66	16.14	16.28
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.07	26	19.25	17.67	18.28
Accounts Receivable, 2 Yr. CAGR %	1.18	10.94	6.4	7.45	12.81
Inventory, 2 Yr. CAGR %	-1.57	6.13	11.32	5.86	9.82
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.4	-3.12	-2.96	1.19	10.67
Total Assets, 2 Yr. CAGR %	4.41	5.19	6.12	5.87	6.3
Tangible Book Value, 2 Yr. CAGR %	16.9	-20.9	10.18	-1.94	20.68
Common Equity, 2 Yr. CAGR %	1.46	5.57	12.91	11.2	4.31
Cash From Operations, 2 Yr. CAGR %	-4.09	6.24	7.51	35.88	19.83
Capital Expenditures, 2 Yr. CAGR %	-23.23	-10.3	4.24	26.31	41.71
Levered Free Cash Flow, 2 Yr. CAGR %	11.62	-9.16	6.71	31.78	14.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	11.75	-7.27	7.19	28.68	13.09
Dividend Per Share, 2 Yr. CAGR %	3.72	5.02	5.48	5.2	8.5
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.28	0.92	5.97	7.67	11.01
Gross Profit, 3 Yr. CAGR %	2.32	2.03	8.25	7.53	10.89
EBITDA, 3 Yr. CAGR %	2.49	1.84	8.71	9.15	12.64
EBITA, 3 Yr. CAGR %	3.18	2.49	9.96	10.33	13.68
EBIT, 3 Yr. CAGR %	2.2	1.55	11.13	11.88	14.69
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.05	-1.46	20.74	15.5	18.05
Net Income, 3 Yr. CAGR %	-1.05	-1.46	20.74	15.5	18.05
Normalized Net Income, 3 Yr. CAGR %	1.94	0.16	11.93	13.1	16.27
Diluted EPS Before Extra, 3 Yr. CAGR %	1.89	2.14	24.22	17.7	19.09
Accounts Receivable, 3 Yr. CAGR %	2.91	4.65	7.56	8.87	8.83
Inventory, 3 Yr. CAGR %	-0.94	4.38	5.95	9.57	8.38
Net Property, Plant and Equip., 3 Yr. CAGR %	10.36	-3.41	-3.58	0.32	5.36
Total Assets, 3 Yr. CAGR %	8.02	5.73	4.74	6.71	5.49
Tangible Book Value, 3 Yr. CAGR %	136.61	10.71	-8.55	0.5	18.76
Common Equity, 3 Yr. CAGR %	6.06	3.93	9.21	10.28	8.54
Cash From Operations, 3 Yr. CAGR %	4.86	-11.23	19.71	11.97	29.72
Capital Expenditures, 3 Yr. CAGR %	-8.36	-18.17	-2.03	14.04	32.89
Levered Free Cash Flow, 3 Yr. CAGR %	9.18	-1.02	6.1	12.59	22.25
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.91	0.26	6.62	11.97	20.12
Dividend Per Share, 3 Yr. CAGR %	5.77	4.35	5.12	5.34	7.43
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.51	2.4	3.36	4.64	7.91
Gross Profit, 5 Yr. CAGR %	4.9	3.58	4.14	5.12	9.12
EBITDA, 5 Yr. CAGR %	5.58	4.83	5.04	5.28	10.2
EBITA, 5 Yr. CAGR %	6.86	5.99	5.96	6.09	11.31
EBIT, 5 Yr. CAGR %	6.18	5.53	5.68	6.22	12.41
Earnings From Cont. Operations, 5 Yr. CAGR %	7.12	6.49	5.15	5.66	19.18
Net Income, 5 Yr. CAGR %	7.36	6.49	5.15	5.66	19.18
Normalized Net Income, 5 Yr. CAGR %	7.09	5.86	5.39	6.27	13.65
Diluted EPS Before Extra, 5 Yr. CAGR %	9.39	9.68	8.14	8.09	21.81
Accounts Receivable, 5 Yr. CAGR %	6.92	7.92	4.29	5.72	9.63
Inventory, 5 Yr. CAGR %	2.32	4.98	3.79	4.97	7.48
Net Property, Plant and Equip., 5 Yr. CAGR %	5.31	4.94	4.83	-1.6	1.88
Total Assets, 5 Yr. CAGR %	6.2	6.57	7.26	5.78	5.36
Tangible Book Value, 5 Yr. CAGR %	20.52	11.24	74.29	6.76	2.18
Common Equity, 5 Yr. CAGR %	7.18	5.45	8.75	6.66	7.22
Cash From Operations, 5 Yr. CAGR %	-1.74	-5.38	5.91	5.25	19.76
Capital Expenditures, 5 Yr. CAGR %	-2.55	-6.23	-3.52	-2.65	13.56
Levered Free Cash Flow, 5 Yr. CAGR %	-2.36	-0.16	7.95	11.96	9.51
Unlevered Free Cash Flow, 5 Yr. CAGR %	-2.23	0.11	8	11.65	9.16
Dividend Per Share, 5 Yr. CAGR %	6.43	6.02	5.66	4.69	6.46