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Stock research / United States / CRS · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · NYSE

Carpenter Technology Corp. (CRS)

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Carpenter Technology Corp. (CRS) reported revenue of $851 million for Q4 FY2026, the quarter ended 30 June 2026, up 12.6% on the same quarter a year earlier. Net income was $162 million, up 45.4% on the year, and diluted earnings per share $3.23. The figures are the company's own, from the 10-K it filed with the SEC on 12 August 2026.

Revenue$851 millionup 12.6%
Net income$162 millionup 45.4%
Diluted EPS$3.23
QuarterQ4 FY2026ended 30 June 2026

Carpenter Technology (CRS) in brief

Carpenter Technology (CRS) reported revenue of $3.1 billion for fiscal 2026, the year ended 30 June 2026, up 8.6% on the year before.
Read moreNet income was $530 million and diluted earnings per share $10.52. Revenue was $2.9 billion in fiscal 2025, $2.8 billion in fiscal 2024, $2.6 billion in fiscal 2023 and $1.8 billion in fiscal 2022. Net income in the same years was $376 million, $186 million, $56 million and a loss of $49 million. Revenue grew 16.2% a year, compounded, over the five years to fiscal 2026. Carpenter Technology declared $0.80 a share in dividends over the last four quarters and had 50 million shares outstanding at the latest filed count. At 30 June 2026 it carried $691 million of debt and $393 million of cash. At the close of 8 October 2026 the market cap of Carpenter Technology was $19.2 billion, 36.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE23.8%
ROCE24.1%
Operating margin22.5%
Net margin17.0%
FCF margin11.6%
Interest cover18.57
Debt to equity0.31
Cash conversion1.14
Share count, 1 year-0.2%
Sales CAGR, 3 years7.0%
Profit CAGR, 3 years111.0%
EPS, TTM$10.52

At the close of 8 October 2026

Price$387.10
Market cap$19.2 billion
Stock P/E36.80
Price to book8.62
EV / EBITDA22.97
Dividend yield0.2%
Market cap / sales6.15
52-week high$619.25
52-week low$238.12
Price, 1 year48.9%
Price CAGR, 3 years78.7%
Price CAGR, 5 years63.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Carpenter Technology Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CRSgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CRS

Filings25 in twelve months: 16 current reports (8-K), about 8 results of operations; 7 regulation fd disclosure; 4 officer or director change; 1 material agreement; 1 new financial obligation
Planned insider sales16 Form 144 notices in twelve months, $94.5 million; latest 4 September 2026
Options tapeput/call 0.88 by open interest at the 8 October 2026 close; the straddle prices a 5.1% move to 16 October 2026
13F holders12 of the followed funds hold it; largest FMR LLC; 4 Schedule 13D or 13G filings in twelve months
Insider trading60 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.8 million shares short, 2.91 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 8 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026
Revenue652624685799718677727756734728812851
Gross profit124123147191176178201214216218252269
Gross margin19%20%21%24%25%26%28%28%29%30%31%32%
SG&A55.152.857.065.359.158.663.062.563.163.165.362.0
Operating income69.069.875.9108114119138151153155186207
Operating margin11%11%11%14%16%18%19%20%21%21%23%24%
Interest expense12.713.012.912.412.412.212.011.811.510.28.77.4
Pre-tax income52.355.210.194.0101105122139145130177205
Tax rate16%23%38%0%16%20%22%20%15%19%21%21%
Net income43.942.76.393.684.884.195.4112122105140162
Net margin7%7%1%12%12%12%13%15%17%14%17%19%
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
Operating cash flow7.414.583.517040.267.974.225839.2132194240
Capital expenditure22.025.321.627.726.929.340.257.942.646.368.785.1
Free cash flow-14.6-10.861.914213.338.634.0200-3.485.9125155
Buybacks0.00.00.00.032.18.237.524.149.132.152.745.2
Dividends paid9.99.910.110.110.110.110.010.110.110.010.110.1
Shares outstanding49m49m49m50m50m50m50m50m50m50m50m50m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025FY2026TTM
Revenue2,2271,8131,7982,1582,3802,1811,4761,8362,5502,7602,8773,1243,124
Cost of revenue1,9081,5351,4971,7761,935n/an/an/an/an/an/an/an/a
Gross profit3182563013824453291.0150337584769956955
Gross margin14.3%14.1%16.7%17.7%18.7%15.1%0.1%8.2%13.2%21.2%26.7%30.6%30.6%
Research and development18.716.316.919.323.328.019.720.424.425.626.127.7n/a
Selling, general and administrative178174176193203201180175204230243254254
Operating income11251.612218924125.3-249-24.9133323522702702
Operating margin5.0%2.8%6.8%8.8%10.1%1.2%-16.8%-1.4%5.2%11.7%18.1%22.5%22.5%
Interest expense27.728.029.828.326.019.832.744.954.151.048.437.837.8
Pre-tax income89.121.570.21602166.1-298-63.172.5212467656656
Income tax30.410.223.2-28.349.04.6-68.3-14.016.125.191.3126126
Effective tax rate34.1%47.4%33.0%-17.7%22.7%75.4%n/an/a22.2%11.9%19.5%19.3%19.3%
Net income58.711.347.01881671.5-230-49.156.4186376530530
Net margin2.6%0.6%2.6%8.7%7.0%0.1%-15.6%-2.7%2.2%6.8%13.1%17.0%17.0%
Diluted EPS$1.11$0.23$0.99$3.92$3.43$0.02-$4.76-$1.01$1.14$3.70$7.42$10.52$10.52
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2024FY2025FY2026Share
latest year
Specialty Alloys Operations2,4332,5492,81290.0%
Performance Engineered Products32732831210.0%
Specialty Alloys OperationsPerformance Engineered Products
2,760FY20242,877FY20253,124FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2024FY2025FY2026Share
latest year
Aerospace and Defense1,5391,7692,03565.1%
Industrial and Consumer41536040212.9%
Medical3763512788.9%
Energy1862002317.4%
Transportation1491131003.2%
Distribution95.184.277.82.5%
Aerospace and DefenseIndustrial and ConsumerMedicalEnergyTransportationDistribution
2,760FY20242,877FY20253,124FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2024FY2025FY2026Share
latest year
United States1,6231,7001,82458.4%
Europe50459670022.4%
Asia Pacific39134434110.9%
Mexico1201221424.5%
Canada70.161.263.92.0%
Other Country51.453.952.71.7%
United StatesEuropeAsia PacificMexicoCanadaOther Country
2,760FY20242,877FY20253,124FY2026

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025FY2026TTM
Operating cash flow2832571302092322322506.014.7275440605605
Capital expenditure17095.298.513518017110091.382.396.6154243243
Free cash flow11216231.874.252.160.4150-85.3-67.6178286362362
Free cash flow margin5.0%8.9%1.8%3.4%2.2%2.8%10.1%-4.6%-2.7%6.5%9.9%11.6%11.6%
Cash from investing-170-82.6-112-139-245-171-78.9-89.1-82.3-95.9-153-243-243
Cash from financing-159-164-33.8-78.9-19.4108-76.1-52.8-40.1-23.3-167-287-287
Depreciation and amortisation122119118117122124124131131135139147147
Share-based compensation10.08.713.017.617.610.910.410.816.419.822.826.426.4
Buybacks1241240.00.0n/an/an/an/a0.00.0102179179
Dividends paid37.934.834.134.438.638.839.139.239.440.040.340.340.3
Dividend per share$0.72$0.72$0.72$0.72$0.80$0.80$0.80$0.80$0.80$0.80$0.80$0.80n/a
Diluted shares, weighted53m48m47m48m48m48m48m48m49m50m51m50m50m
Shares outstanding at period end50m47m47m47m47m48m48m48m49m50m50m50m50m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020 †FY2021FY2022FY2023FY2024FY2025FY2026TTM
Funded by
Shareholders' equity1,3261,1051,1991,4861,5201,4461,3921,3301,3961,6291,8872,2282,228
Short-term borrowingsn/an/an/a0.019.71700.00.00.0n/an/an/an/a
Debt604611605546551552694692693694695691691
Operating lease liabilitiesn/an/an/an/an/a50.335.542.743.638.434.928.028.0
Other liabilities9761,0781,0749751,0971,009849867921930870892892
Total liabilities and equity2,9062,7942,8783,0073,1883,2272,9712,9323,0543,2923,4873,8383,838
Owned
Fixed assets1,3971,3511,3171,3131,3661,4981,4581,4211,3841,3351,3591,4881,488
Goodwill257245263269326290241241241227227227227
Intangible assets71.663.264.963.367.252.143.135.228.715.29.53.93.9
Cash and equivalents70.082.066.356.227.019328715444.5199316393393
Receivables304254290378384292309382531563576702702
Inventory656629690689788724426496640735794823823
Other assets150171186238229177207202184217206201201
Total assets2,9062,7942,8783,0073,1883,2272,9712,9323,0543,2923,4873,8383,838
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded5.6%16.2%7.0%8.6%
Profit growth, compounded46.9%n/a111.0%40.9%
Return on equity, average6.7%11.1%18.4%23.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Steel Works Etc

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Corning Inc. GLW$131.6 billion69.7915.1%15.3%19.4%0.620.7%
Howmet Aerospace Inc. HWM$89.1 billion48.0132.6%27.4%18.1%0.790.3%
Nucor Corp. NUE$55.8 billion19.6313.0%n/a17.2%0.290.9%
Steel Dynamics Inc. STLD$33.6 billion21.2317.1%10.0%19.8%0.450.9%
ATI Inc. ATI$25.6 billion55.1725.4%15.2%4.6%0.960.0%
Carpenter Technology Corp. CRS$19.2 billion36.8023.8%22.5%8.6%0.310.2%
POSCO Holdings Inc. PKX *$17.2 billion33.441.2%2.1%-6.1%0.513.8%
Mueller Industries Inc. MLI$13.4 billion15.7524.0%23.0%14.8%0.000.8%
Alcoa Corp. AA$11.3 billion8.9017.3%n/a6.5%0.300.2%
Commercial Metals Co. CMC$7.0 billion11.8813.1%7.6%15.2%0.711.1%
Belden Inc. BDC$4.2 billion17.5517.6%11.9%9.4%0.890.2%
4 companies share its SEC industry code (Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)); the rest are the names nearest in size in its wider industry, Steel Works Etc, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-K30 June 202612 August 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-Q31 December 202529 January 2026EDGAR
10-Q30 September 202523 October 2025EDGAR
10-K30 June 202512 August 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-Q31 December 202430 January 2025EDGAR
10-Q30 September 202424 October 2024EDGAR
10-K30 June 202413 August 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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