Carpenter Technology Corporation (CRS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$3.08	$3.23	+4.9%	—	$851M	—
Q3 26	$2.64	$2.77	+4.9%	—	$811.5M	—
Q2 26	$2.22	$2.33	+5.0%	—	$728M	—
Q1 26	$2.16	$2.43	+12.5%	—	$733.7M	—
Q4 25	$2.06	$2.21	+7.3%	—	$755.6M	—
Q3 25	$1.73	$1.88	+8.7%	—	$727M	—
Q2 25	$1.61	$1.66	+3.1%	—	$676.9M	—
Q1 25	$1.58	$1.73	+9.5%	—	$717.6M	—
Q4 24	$1.51	$1.82	+20.5%	—	$798.6M	—
Q3 24	$0.94	$1.19	+26.6%	—	$684.9M	—
Q2 24	$0.85	$0.85	0.0%	—	$624.2M	—
Q1 24	$0.76	$0.88	+15.8%	—	$651.9M	—
Q4 23	$0.66	$0.78	+18.2%	—	$758.2M	—
Q3 23	$0.3	$0.38	+26.7%	—	$690.1M	—
Q2 23	$0.13	$0.13	0.0%	—	$579.1M	—
Q1 23	-$0.14	-$0.14	0.0%	—	$522.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$10.6	—	—	$3.1B	—
FY25	—	$7.5	—	—	$2.9B	—
FY24	—	$3.75	—	—	$2.8B	—
FY23	—	$1.15	—	—	$2.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.8B	$2.2B	$2.4B	$2.2B	$1.5B	$1.8B	$2.6B	$2.8B	$2.9B	$3.1B
YoY change	-0.87%	+20%	+10.3%	-8.36%	-32.3%	+24.4%	+38.9%	+8.21%	+4.25%	+8.59%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.8B	2.2B	2.4B	2.2B	1.5B	1.8B	2.6B	2.8B	2.9B	3.1B
Cost of revenue	1.5B	1.8B	1.9B	1.9B	1.5B	1.7B	2.2B	2.2B	2.1B	2.2B
Gross profit	300.8M	382.3M	444.8M	329.4M	1M	149.8M	337.3M	584.3M	768.6M	955.5M
Gross margin	16.7%	17.7%	18.7%	15.1%	0.07%	8.16%	13.2%	21.2%	26.7%	30.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	176.1M	193M	203.4M	201M	180.2M	174.7M	204.2M	230.2M	243.2M	253.5M
Operating expenses	176.1M	193M	203.4M	201M	180.2M	174.7M	204.2M	230.2M	243.2M	253.5M
Operating income	124.7M	189.3M	241.4M	128.4M	-179.2M	-24.9M	133.1M	354.1M	525.4M	702M
Operating margin	6.94%	8.77%	10.1%	5.89%	-12.1%	-1.36%	5.22%	12.8%	18.3%	22.5%
Non-operating income, net	-24.7M	-1.1M	600K	-102.6M	-85.1M	-11.7M	2.9M	-78.9M	-700K	-10.8M
Pretax income	70.2M	160.2M	216M	6.1M	-297.9M	-63.1M	72.5M	211.6M	467.3M	656.2M
Income tax	23.2M	-28.3M	49M	4.6M	-68.3M	-14M	16.1M	25.1M	91.3M	126.4M
Net income	47M	188.5M	167M	1.5M	-229.6M	-49.1M	56.4M	186.5M	376M	529.8M
Net margin	2.61%	8.74%	7.02%	0.07%	-15.6%	-2.67%	2.21%	6.76%	13.1%	17%
EBITDA	221M	304.3M	363.2M	250M	-55.6M	125.3M	264.7M	490.5M	671.6M	857.9M
EPS	0.99	3.96	3.46	0.02	-4.76	-1.01	1.15	3.75	7.5	10.6
Diluted EPS	0.99	3.92	3.43	0.02	-4.76	-1.01	1.14	3.7	7.42	10.5

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	651.9M	624.2M	684.9M	798.6M	717.6M	676.9M	727M	755.6M	733.7M	728M	811.5M	851M
Cost of revenue	527.8M	501.6M	537.9M	608M	541.3M	499.4M	526.2M	541.6M	517.3M	509.7M	559.7M	582.1M
Gross profit	124.1M	122.6M	147M	190.6M	176.3M	177.5M	200.8M	214M	216.4M	218.3M	251.8M	268.9M
Gross margin	19%	19.6%	21.5%	23.9%	24.6%	26.2%	27.6%	28.3%	29.5%	30%	31%	31.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	55.1M	52.8M	57M	65.4M	59.1M	58.6M	63M	62.6M	63.1M	63.1M	65.3M	62M
Operating expenses	55.1M	52.8M	57M	65.4M	59.1M	58.6M	63M	62.6M	63.1M	63.1M	65.3M	62M
Operating income	69M	69.8M	90M	125.2M	117.2M	118.9M	137.8M	151.4M	153.3M	155.2M	186.5M	206.9M
Operating margin	10.6%	11.2%	13.1%	15.7%	16.3%	17.6%	19%	20%	20.9%	21.3%	23%	24.3%
Non-operating income, net	-700K	1.7M	-63.4M	-16.5M	-2.1M	700K	-1.5M	2.4M	2.2M	-15.5M	-1.7M	4.3M
Pretax income	52.3M	55.2M	10.1M	93.9M	101.1M	105.1M	122M	139.1M	144.8M	130M	176.7M	204.7M
Income tax	8.4M	12.5M	3.8M	300K	16.3M	21M	26.6M	27.4M	22.3M	24.7M	37.1M	42.3M
Net income	43.9M	42.7M	6.3M	93.6M	84.8M	84.1M	95.4M	111.7M	122.5M	105.3M	139.6M	162.4M
Net margin	6.73%	6.84%	0.92%	11.7%	11.8%	12.4%	13.1%	14.8%	16.7%	14.5%	17.2%	19.1%
EBITDA	102.3M	103.6M	124.2M	160.5M	153.3M	154.8M	174.9M	188.6M	191.5M	193.2M	225.3M	247.9M
EPS	0.89	0.86	0.12	1.87	1.69	1.68	1.9	2.23	2.45	2.11	2.79	3.25
Diluted EPS	0.88	0.85	0.12	1.85	1.67	1.66	1.88	2.21	2.43	2.09	2.77	3.23

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.8B	2.5B	2.3B	1.2B	1.9B	1.4B	2.7B	5.4B	13.9B	30.8B	19.1B
Enterprise value	2.3B	3B	2.8B	1.8B	2.4B	1.9B	3.4B	6B	14.3B	31.1B	20B
Shares outstanding	47M	47.2M	47.7M	48.1M	48.3M	48.5M	48.8M	49.7M	50.2M	50M	50M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	37.4	13.2	13.7	778.6	—	—	48.6	29.2	36.9	58.2	36.8
P/S	0.98	1.15	0.96	0.54	1.32	0.74	1.07	1.97	4.82	9.87	6.14
P/B	1.47	1.67	1.51	0.81	1.4	1.02	1.96	3.34	7.35	13.8	8.62
EV/EBITDA	10.4	9.76	7.8	7.03	-42.4	15.2	12.8	12.1	21.2	36.3	24.2
EV/Sales	1.28	1.38	1.19	0.81	1.6	1.04	1.33	2.16	4.96	9.97	6.4
Earnings yield	2.67%	7.6%	7.3%	0.13%	—	—	2.06%	3.42%	2.71%	1.72%	2.72%
FCF yield	1.81%	2.99%	2.28%	5.17%	7.7%	-6.3%	-2.47%	3.27%	2.06%	1.17%	1.25%
PEG	—	—	—	—	—	—	—	—	—	—	0.8

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	16.7%	17.7%	18.7%	15.1%	0.07%	8.16%	13.2%	21.2%	26.7%	30.6%	31.6%
Operating margin	6.94%	8.77%	10.1%	5.89%	-12.1%	-1.36%	5.22%	12.8%	18.3%	22.5%	24.1%
Net margin	2.61%	8.74%	7.02%	0.07%	-15.6%	-2.67%	2.21%	6.76%	13.1%	17%	17%
ROE	3.92%	12.7%	11%	0.1%	-16.5%	-3.69%	4.04%	11.5%	19.9%	23.8%	25.8%
ROA	1.63%	6.27%	5.24%	0.05%	-7.73%	-1.67%	1.85%	5.67%	10.8%	13.8%	11.9%
ROIC	4.81%	9.58%	9.05%	1.55%	-9.91%	-1.33%	5.04%	14.6%	18.6%	22.4%	22.4%
Return on tangible assets	2.12%	8.05%	6.96%	0.06%	-9.56%	-2.06%	2.24%	6.64%	12.5%	15.7%	15.7%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.76	3.24	2.97	2.8	3.65	2.98	2.79	3.41	3.65	3.81	3.81
Quick ratio	1.02	1.35	1.08	1.2	2.26	1.66	1.4	1.84	2.01	2.23	2.23
Debt / equity	0.5	0.37	0.38	0.54	0.51	0.53	0.5	0.43	0.37	0.31	0.33
Debt / assets	0.21	0.18	0.18	0.24	0.24	0.24	0.23	0.21	0.2	0.18	0.18
Net debt / EBITDA	2.44	1.61	1.5	2.36	-7.48	4.37	2.48	1.03	0.58	0.36	0.36
Interest coverage	3.36	6.66	9.28	1.31	-7.87	-0.41	2.13	4.24	8.31	16	16
Effective tax rate	33%	0%	22.7%	75.4%	0%	0%	22.2%	11.9%	19.5%	19.3%	19.3%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	38.2	45.7	49.9	45.3	30.6	37.9	52.3	55.5	57.3	62.5	62.5
EPS (basic)	0.99	3.96	3.46	0.02	-4.76	-1.01	1.15	3.75	7.5	10.6	10.6
EPS (diluted)	0.99	3.92	3.43	0.02	-4.76	-1.01	1.14	3.7	7.42	10.5	10.5
Book value per share	25.5	31.5	31.9	30.1	28.8	27.4	28.6	32.8	37.6	44.6	44.9
FCF per share	0.68	1.57	1.09	1.26	3.1	-1.76	-1.39	3.59	5.7	7.25	7.22
Cash per share	1.41	1.19	0.57	4.01	5.95	3.18	0.91	4.01	6.28	7.87	7.94
Capex per share	2.04	2.82	3.77	3.56	2.05	1.84	1.69	1.93	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	5.34%	6.17%	7.56%	7.85%	6.7%	4.85%	3.23%	3.48%	—	—	—
Capex / operating cash flow	-179.1%	86.6%	80.1%	100.4%	78.4%	299%	-179.3%	61.2%	—	—	—
Payout ratio	72.6%	18.2%	23.1%	2.6K%	-17%	-79.8%	69.9%	21.4%	10.7%	7.61%	7.6%
Dividend yield	1.94%	1.39%	1.69%	3.32%	2.01%	2.9%	1.44%	0.73%	0.29%	0.13%	0.21%

Yield

0.21%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.20

ex-dividend Aug 25, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 25, 2026	$0.20
Apr 28, 2026	$0.20
Jan 27, 2026	$0.20

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$651.9M	$624.2M	$684.9M	$798.6M	$717.6M	$676.9M	$727M	$755.6M	$733.7M	$728M	$811.5M	$851M
YoY change	+24.7%	+7.79%	-0.75%	+5.33%	+10.1%	+8.44%	+6.15%	-5.38%	+2.24%	+7.55%	+11.6%	+12.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	66.3M	56.2M	27M	193.1M	287.4M	154.2M	44.5M	199.1M	315.5M	393.3M
Receivables	290.4M	378.5M	384.1M	292.3M	308.7M	382.3M	531.3M	562.6M	575.5M	701.9M
Inventory	690.4M	689.2M	787.7M	724.3M	425.7M	496.1M	639.7M	735.4M	793.8M	822.9M
Total current assets	1.1B	1.2B	1.2B	1.3B	1.1B	1.1B	1.3B	1.6B	1.8B	2B
Property, plant & equipment	821.1M	813.4M	853.3M	1B	954.2M	874.3M	828.3M	772.5M	782.9M	892.2M
Goodwill & intangibles	656.6M	664M	787.2M	685M	569M	553.2M	540.2M	485M	473.6M	462.4M
Total assets	2.9B	3B	3.2B	3.2B	3B	2.9B	3.1B	3.3B	3.5B	3.8B
Accounts payable	201.1M	214.7M	238.7M	124.2M	142.4M	242.1M	278.1M	263.9M	267.4M	313.4M
Short-term debt	55M	—	19.7M	181.5M	9M	9.9M	9.1M	8.8M	8M	8.8M
Total current liabilities	396M	363.3M	416M	452.1M	306.3M	375.6M	459.4M	466.3M	483.7M	520M
Long-term debt	550M	545.7M	550.6M	602.1M	694.5M	691.8M	693M	694.2M	695.4M	690.7M
Total liabilities	1.7B	1.5B	1.7B	1.8B	1.6B	1.6B	1.7B	1.7B	1.6B	1.6B
Shareholders' equity	1.2B	1.5B	1.5B	1.4B	1.4B	1.3B	1.4B	1.6B	1.9B	2.2B
Total debt	605M	545.7M	570.3M	783.6M	703.5M	701.7M	702.1M	703M	703.4M	699.5M
Net debt	538.7M	489.5M	543.3M	590.5M	416.1M	547.5M	657.6M	503.9M	387.9M	306.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	18.1M	15.7M	53.5M	199.1M	150.2M	162.1M	151.5M	315.5M	208M	231.9M	294.8M	393.3M
Receivables	510.8M	508.4M	521.2M	562.6M	569.2M	565.4M	602.8M	575.5M	613.6M	603.5M	682M	701.9M
Inventory	706.7M	797.8M	796.1M	735.4M	749.4M	812M	825M	793.8M	778.5M	822.3M	839.2M	822.9M
Total current assets	1.3B	1.4B	1.5B	1.6B	1.6B	1.6B	1.7B	1.8B	1.7B	1.8B	1.9B	2B
Property, plant & equipment	—	—	—	772.5M	—	—	—	782.9M	—	—	—	892.2M
Goodwill & intangibles	536.4M	533.6M	502.2M	485M	482.2M	479.4M	476.6M	473.6M	470.8M	468M	465.2M	462.4M
Total assets	3.1B	3.2B	3.2B	3.3B	3.3B	3.3B	3.4B	3.5B	3.4B	3.5B	3.7B	3.8B
Accounts payable	315.5M	313.4M	275.2M	263.9M	273.3M	266.9M	258.4M	267.4M	246.3M	270.1M	322.6M	313.4M
Short-term debt	8.8M	22.5M	8.6M	8.8M	8.2M	7.5M	7.6M	8M	8.5M	8.6M	8.9M	8.8M
Total current liabilities	448.6M	485.7M	453.4M	466.3M	406.2M	432.1M	444.2M	483.7M	376.9M	412.8M	508.3M	520M
Long-term debt	693.3M	693.6M	693.9M	694.2M	694.5M	694.8M	695.1M	695.4M	695.7M	690.1M	690.4M	690.7M
Total liabilities	1.6B	1.7B	1.7B	1.7B	1.6B	1.6B	1.6B	1.6B	1.5B	1.5B	1.6B	1.6B
Shareholders' equity	1.4B	1.5B	1.5B	1.6B	1.7B	1.7B	1.8B	1.9B	1.9B	2B	2.1B	2.2B
Total debt	702.1M	716.1M	702.5M	703M	702.7M	702.3M	702.7M	703.4M	704.2M	698.7M	699.3M	699.5M
Net debt	684M	700.4M	649M	503.9M	552.5M	540.2M	551.2M	387.9M	496.2M	466.8M	404.5M	306.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	47M	188.5M	167M	1.5M	-229.6M	-49.1M	56.4M	186.5M	376M	529.8M
Depreciation & amortization	117.8M	116.6M	121.5M	123.9M	123.6M	131.4M	131M	134.6M	139.2M	147.1M
Stock-based compensation	13M	17.6M	17.6M	10.9M	10.4M	10.8M	16.4M	19.8M	22.8M	26.4M
Change in working capital	-169.8M	-97.8M	-86.7M	-23.6M	186.9M	-55.5M	-249.3M	-186.8M	-123.2M	-154.2M
Operating cash flow	-53.6M	153.7M	224.5M	170.5M	126.1M	29.8M	-45.9M	156.6M	440.4M	605M
Capital expenditure	-96M	-133.1M	-179.9M	-171.2M	-98.9M	-89.1M	-82.3M	-95.9M	—	—
Investing cash flow	-112.1M	-139.4M	-244.6M	-171.2M	-78.9M	-89.1M	-82.3M	-95.9M	—	—
Dividends paid	-34.1M	-34.4M	-38.6M	-38.8M	-39.1M	-39.2M	-39.4M	-40M	-40.3M	-40.3M
Share repurchases	0	—	—	—	—	—	—	—	-101.9M	-179.1M
Financing cash flow	-36M	-91.8M	-23.3M	103.5M	-76.6M	-52.8M	-45.1M	-64.2M	-180.5M	-301.1M
Net change in cash	-201.7M	-77.5M	-43.4M	102.8M	-29.4M	-112.1M	-173.3M	-3.5M	259.9M	303.9M
Free cash flow	31.8M	74.2M	52.1M	60.4M	149.5M	-85.3M	-67.6M	178.3M	286.1M	362.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	43.9M	42.7M	6.3M	93.6M	84.8M	84.1M	95.4M	111.7M	122.5M	105.3M	139.6M	162.4M
Depreciation & amortization	33.1M	33.6M	34.1M	33.8M	33.8M	34.3M	35.5M	35.6M	36M	36.1M	36.7M	38.3M
Stock-based compensation	4.4M	4.1M	5.2M	6.1M	4.7M	5.1M	6.4M	6.6M	5.6M	6M	7M	7.8M
Change in working capital	-34.2M	-90.9M	-47.8M	-13.9M	-20M	-88.8M	-88.7M	74.3M	-48.7M	-50.1M	-39.9M	-15.5M
Operating cash flow	49.6M	-13.9M	-12.5M	117.6M	102.3M	29.8M	44.7M	258.1M	39.2M	132.2M	193.5M	240.1M
Capital expenditure	-22M	-25.3M	-21.5M	-27.1M	-26.9M	-29.3M	-40M	—	—	—	—	—
Investing cash flow	-22M	-25.3M	-21.5M	-27.1M	-26.9M	-29.3M	-40M	—	—	—	—	—
Dividends paid	-9.9M	-9.9M	-10.1M	-10.1M	-10.1M	-10.1M	-10M	-10.1M	-10.1M	-10M	-10.1M	-10.1M
Share repurchases	0	0	—	—	-32.1M	-8.2M	-37.5M	-24.1M	-49.1M	-32.1M	-52.7M	-45.2M
Financing cash flow	-26.7M	-11.1M	-24.2M	-16.1M	-64.7M	-27.8M	-52.1M	-35.9M	-104.7M	-67.3M	-63.5M	-57.7M
Net change in cash	900K	-50.3M	-58.2M	74.4M	10.7M	-27.3M	-47.4M	222.2M	-65.5M	64.9M	130M	182.4M
Free cash flow	-14.6M	-10.8M	61.9M	141.8M	13.3M	38.6M	34.1M	200.1M	-3.4M	85.9M	124.8M	155M

Date	Ratio
Nov 16, 2007	2:1
Sep 18, 1995	2:1
Sep 22, 1977	2:1

Carpenter Technology Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history