NYSE : CRS
Carpenter Technology Corporation — Financial statements
Industrials · Metal Fabrication · United States
Last price 283.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 14.02B
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Financial statements
Carpenter Technology Corporation (CRS) reported revenue of 3.19B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.19B | 3.12B | 2.88B | 2.76B | 2.55B | 1.84B |
| Cost of Revenue | 2.19B | 2.17B | 2.11B | 2.18B | 2.21B | 1.70B |
| Gross Profit | 995.40M | 955.50M | 768.60M | 584.30M | 337.30M | 137.90M |
| Selling, General & Admin | 254.50M | 259.80M | 258.70M | 296.50M | 214.20M | 158.70M |
| Operating Expenses | 254.50M | 259.80M | 258.70M | 296.50M | 214.20M | 158.70M |
| Operating Income | 740.90M | 695.70M | 509.90M | 287.80M | 123.10M | -20.80M |
| Interest Expense | -33.40M | -37.80M | -48.40M | -51.00M | -54.10M | -44.90M |
| Interest & Investment Income | 8.60M | 8.80M | 7.50M | 1.80M | 600.00K | 100.00K |
| Currency Exchange Gain (Loss) | -1.70M | -1.40M | -1.10M | -1.80M | -400.00K | -1.30M |
| Other Non Operating Income (Expenses) | 5.00M | 6.50M | 3.00M | 5.80M | 3.30M | -4.40M |
| EBT Excluding Unusual Items | 719.40M | 671.80M | 470.90M | 242.60M | 72.50M | -71.30M |
| Merger & Restructuring Charges | -3.60M | -16.90M | ||||
| Impairment of Goodwill | -14.10M | |||||
| Other Unusual Items | -15.60M | -15.60M | 8.20M | |||
| Pretax Income | 703.80M | 656.20M | 467.30M | 211.60M | 72.50M | -63.10M |
| Income Tax Expense | 134.00M | 126.40M | 91.30M | 25.10M | 16.10M | -14.00M |
| Net Income | 569.80M | 529.80M | 376.00M | 186.50M | 56.40M | -49.10M |
| Preferred Dividends & Other Adjustments | 300.00K | 200.00K | 200.00K | 300.00K | 400.00K | 100.00K |
| Net Income to Common | 569.50M | 529.60M | 375.80M | 186.20M | 56.00M | -49.20M |
| Shares Outstanding (Basic) | 49.92M | 50.00M | 50.20M | 49.70M | 48.80M | 48.50M |
| Shares Outstanding (Diluted) | 50.30M | 50.40M | 50.70M | 50.30M | 49.20M | 48.50M |
| EPS (Basic) | 11.41 | 10.59 | 7.49 | 3.75 | 1.15 | -1.01 |
| EPS (Diluted) | 11.34 | 10.52 | 7.42 | 3.70 | 1.14 | -1.01 |
| Free Cash Flow | 340.80M | 362.30M | 286.10M | 178.30M | -67.60M | -85.30M |
| Free Cash Flow Per Share | 6.78 | 7.19 | 5.64 | 3.54 | -1.37 | -1.76 |
| Dividend Per Share | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 | 0.80 |
| Gross Margin | 31.22% | 30.58% | 26.71% | 21.17% | 13.23% | 7.51% |
| Operating Margin | 23.23% | 22.27% | 17.72% | 10.43% | 4.83% | -1.13% |
| Profit Margin | 17.86% | 16.95% | 13.06% | 6.75% | 2.20% | -2.68% |
| Free Cash Flow Margin | 10.69% | 11.60% | 9.94% | 6.46% | -2.65% | -4.64% |
| EBITDA | 871.90M | 826.10M | 632.30M | 406.10M | 237.80M | 93.70M |
| EBITDA Margin | 27.34% | 26.44% | 21.98% | 14.71% | 9.32% | 5.10% |
| D&A For EBITDA | 131.00M | 130.40M | 122.40M | 118.30M | 114.70M | 114.50M |
| EBIT | 740.90M | 695.70M | 509.90M | 287.80M | 123.10M | -20.80M |
| EBIT Margin | 23.23% | 22.27% | 17.72% | 10.43% | 4.83% | -1.13% |
| Effective Tax Rate | 19.04% | 19.26% | 19.54% | 11.86% | 22.21% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 159.50M | 393.30M | 315.50M | 199.10M | 44.50M | 154.20M |
| Cash & Short-Term Investments | 159.50M | 393.30M | 315.50M | 199.10M | 44.50M | 154.20M |
| Receivables | 722.20M | 701.90M | 575.50M | 562.60M | 531.30M | 382.30M |
| Inventory | 884.40M | 822.90M | 793.80M | 735.40M | 639.70M | 496.10M |
| Other Current Assets | 76.00M | 63.10M | 79.90M | 94.10M | 66.40M | 86.80M |
| Total Current Assets | 1.84B | 1.98B | 1.76B | 1.59B | 1.28B | 1.12B |
| Property, Plant & Equipment | 1.54B | 1.52B | 1.39B | 1.37B | 1.43B | 1.46B |
| Goodwill | 227.30M | 227.30M | 227.30M | 227.30M | 241.40M | 241.40M |
| Other Intangible Assets | 2.40M | 3.90M | 9.50M | 15.20M | 28.70M | 35.20M |
| Long-Term Deferred Tax Assets | 5.50M | 5.50M | 7.80M | 7.50M | 6.60M | 5.70M |
| Other Long-Term Assets | 129.40M | 102.40M | 82.70M | 76.30M | 67.60M | 66.90M |
| Total Assets | 3.74B | 3.84B | 3.49B | 3.29B | 3.05B | 2.93B |
| Accounts Payable | 345.30M | 313.40M | 267.40M | 263.90M | 278.10M | 242.10M |
| Accrued Expenses | 97.70M | 186.90M | 197.60M | 176.70M | 149.30M | 108.50M |
| Current Portion of Leases | 8.30M | 8.80M | 8.00M | 8.80M | 9.10M | 9.90M |
| Current Income Taxes Payable | 5.70M | 2.50M | 3.30M | 1.00M | 2.50M | 400.00K |
| Current Unearned Revenue | 5.10M | 7.20M | 5.20M | 12.30M | 14.00M | 14.40M |
| Other Current Liabilities | 5.40M | 1.20M | 2.20M | 3.60M | 6.40M | 300.00K |
| Total Current Liabilities | 467.50M | 520.00M | 483.70M | 466.30M | 459.40M | 375.60M |
| Long-Term Debt | 691.00M | 690.70M | 695.40M | 694.20M | 693.00M | 691.80M |
| Long-Term Leases | 28.00M | 34.90M | 38.40M | 43.60M | 42.70M | |
| Pension & Post-Retirement Benefits | 104.10M | 111.80M | 159.40M | 228.70M | 235.90M | 274.00M |
| Long-Term Deferred Tax Liabilities | 207.40M | 196.90M | 162.80M | 174.10M | 170.30M | 162.40M |
| Other Long-Term Liabilities | 91.90M | 63.30M | 63.60M | 61.20M | 55.60M | 55.30M |
| Total Liabilities | 1.56B | 1.61B | 1.60B | 1.66B | 1.66B | 1.60B |
| Common Stock | 286.80M | 286.80M | 286.20M | 284.90M | 280.70M | 280.10M |
| Additional Paid-In Capital | 341.80M | 357.10M | 354.30M | 352.60M | 328.40M | 320.30M |
| Retained Earnings | 2.35B | 2.20B | 1.71B | 1.37B | 1.23B | 1.21B |
| Treasury Stock | -772.50M | -595.60M | -395.80M | -289.30M | -298.00M | -307.40M |
| Comprehensive Income & Other | -25.60M | -20.40M | -67.90M | -93.90M | -143.00M | -173.50M |
| Shareholders' Equity | 2.18B | 2.23B | 1.89B | 1.63B | 1.40B | 1.33B |
| Total Liabilities & Equity | 3.74B | 3.84B | 3.49B | 3.29B | 3.05B | 2.93B |
| Total Debt | 699.30M | 727.50M | 738.30M | 741.40M | 745.70M | 744.40M |
| Net Cash (Debt) | -539.80M | -334.20M | -422.80M | -542.30M | -701.20M | -590.20M |
| Net Cash Per Share | -10.73 | -6.63 | -8.34 | -10.78 | -14.25 | -12.17 |
| Filing Date Shares Outstanding | 49.54M | 49.56M | 49.85M | 49.95M | 48.85M | 48.30M |
| Total Common Shares Outstanding | 49.53M | 49.61M | 49.71M | 49.78M | 48.64M | 48.29M |
| Working Capital | 1.37B | 1.46B | 1.28B | 1.12B | 822.50M | 743.80M |
| Book Value Per Share | 44.07 | 44.91 | 37.96 | 32.72 | 28.71 | 27.55 |
| Tangible Book Value | 1.95B | 2.00B | 1.65B | 1.39B | 1.13B | 1.05B |
| Tangible Book Value Per Share | 39.43 | 40.24 | 33.20 | 27.85 | 23.15 | 21.83 |
| Land | 42.50M | 41.60M | 40.60M | 40.00M | 38.30M | |
| Buildings | 595.70M | 576.50M | 562.70M | 555.50M | 546.50M | |
| Machinery | 2.60B | 2.55B | 2.45B | 2.39B | 2.35B | |
| Construction In Progress | 276.20M | 103.10M | 68.20M | 92.70M | 66.50M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 569.80M | 529.80M | 376.00M | 186.50M | 56.40M | -49.10M |
| Depreciation & Amortization | 131.00M | 130.40M | 122.40M | 118.30M | 114.70M | 114.50M |
| Other Amortization | 16.70M | 16.70M | 16.80M | 16.30M | 16.30M | 16.90M |
| Loss (Gain) From Sale of Assets | 1.40M | 1.40M | 2.00M | 4.60M | 2.50M | 2.00M |
| Asset Writedown & Restructuring Costs | 2.50M | 29.90M | ||||
| Stock-Based Compensation | 27.20M | 26.40M | 22.80M | 19.80M | 16.40M | 10.80M |
| Other Operating Activities | 55.10M | 51.40M | 7.40M | 62.70M | 19.50M | -9.10M |
| Change in Accounts Receivable | -110.80M | -128.30M | -1.80M | -32.60M | -144.50M | -79.00M |
| Change in Inventory | -105.60M | -28.40M | -60.40M | -96.70M | -140.30M | -71.90M |
| Change in Accounts Payable | 68.30M | 17.20M | -1.40M | -11.00M | 29.20M | 95.70M |
| Change in Other Net Operating Assets | -34.50M | -11.60M | -45.90M | -22.90M | 44.50M | -24.80M |
| Operating Cash Flow | 618.60M | 605.00M | 440.40M | 274.90M | 14.70M | 6.00M |
| Capital Expenditures | -277.80M | -242.70M | -154.30M | -96.60M | -82.30M | -91.30M |
| Sale of Property, Plant & Equipment | 100.00K | 1.40M | 700.00K | 2.20M | ||
| Investing Cash Flow | -277.70M | -242.70M | -152.90M | -95.90M | -82.30M | -89.10M |
| Short-Term Debt Issued | 62.50M | 183.70M | ||||
| Long-Term Debt Issued | 692.10M | 296.60M | ||||
| Total Debt Issued | 692.10M | 692.10M | 62.50M | 183.70M | 296.60M | |
| Short-Term Debt Repaid | -62.50M | -183.70M | ||||
| Long-Term Debt Repaid | -700.00M | -300.00M | ||||
| Total Debt Repaid | -700.00M | -700.00M | -62.50M | -183.70M | -300.00M | |
| Net Debt Issued (Repaid) | -7.90M | -7.90M | -3.40M | |||
| Issuance of Common Stock | 14.20M | 14.30M | 13.40M | 40.90M | 5.00M | |
| Repurchase of Common Stock | -341.90M | -237.40M | -140.20M | -24.20M | -3.80M | -3.40M |
| Common Dividends Paid | -40.10M | -40.30M | -40.30M | -40.00M | -39.40M | -39.20M |
| Other Financing Activities | -15.50M | -15.50M | -1.90M | -6.80M | ||
| Financing Cash Flow | -391.20M | -286.80M | -167.10M | -23.30M | -40.10M | -52.80M |
| Foreign Exchange Rate Adjustments | 1.80M | 2.30M | -4.00M | -1.10M | -2.00M | 2.70M |
| Net Cash Flow | -48.50M | 77.80M | 116.40M | 154.60M | -109.70M | -133.20M |
| Free Cash Flow | 340.80M | 362.30M | 286.10M | 178.30M | -67.60M | -85.30M |
| Free Cash Flow Margin | 10.69% | 11.60% | 9.94% | 6.46% | -2.65% | -4.64% |
| Free Cash Flow Per Share | 6.78 | 7.19 | 5.64 | 3.54 | -1.37 | -1.76 |
| Levered Free Cash Flow | 211.69M | 238.79M | 257.24M | 58.30M | -79.38M | -56.96M |
| Unlevered Free Cash Flow | 232.56M | 262.41M | 287.49M | 90.17M | -45.56M | -28.90M |
| Cash Income Tax Paid | 84.80M | 84.80M | 93.60M | 62.80M | 9.90M | -46.10M |
| Change in Working Capital | -182.60M | -151.10M | -109.50M | -163.20M | -211.10M | -80.00M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.02B | 30.65B | 13.76B | 5.44B | 2.73B | 1.35B |
| Enterprise Value | 14.56B | 31.05B | 14.31B | 6.09B | 3.55B | 2.00B |
| Last Close Price | 283.08 | 616.26 | 275.37 | 108.65 | 54.97 | 26.83 |
| PE Ratio | 24.97 | 57.87 | 36.61 | 29.20 | 48.66 | |
| Forward PE | 20.67 | 51.41 | 32.98 | 19.73 | 19.43 | 29.17 |
| PS Ratio | 4.40 | 9.81 | 4.78 | 1.97 | 1.07 | 0.73 |
| PB Ratio | 6.42 | 13.76 | 7.29 | 3.34 | 1.95 | 1.01 |
| P/TBV Ratio | 7.18 | 15.35 | 8.34 | 3.92 | 2.42 | 1.28 |
| P/FCF Ratio | 41.15 | 84.59 | 48.09 | 30.49 | ||
| P/OCF Ratio | 22.67 | 50.66 | 31.24 | 19.77 | 185.38 | 224.58 |
| PEG Ratio | 0.98 | 1.87 | 1.00 | 0.22 | 0.51 | 0.51 |
| EV/Sales Ratio | 4.57 | 9.94 | 4.97 | 2.21 | 1.39 | 1.09 |
| EV/EBITDA Ratio | 16.70 | 37.59 | 22.63 | 14.98 | 14.93 | 21.33 |
| EV/EBIT Ratio | 19.66 | 44.63 | 28.06 | 21.14 | 28.84 | |
| EV/FCF Ratio | 42.73 | 85.71 | 50.02 | 34.13 | ||
| Debt / Equity Ratio | 0.32 | 0.33 | 0.39 | 0.46 | 0.53 | 0.56 |
| Debt / EBITDA Ratio | 0.79 | 0.87 | 1.14 | 1.76 | 2.96 | 6.94 |
| Debt / FCF Ratio | 2.05 | 2.01 | 2.58 | 4.16 | ||
| Net Debt / Equity Ratio | 0.25 | 0.15 | 0.22 | 0.33 | 0.50 | 0.44 |
| Net Debt / EBITDA Ratio | 0.62 | 0.41 | 0.67 | 1.33 | 2.95 | 6.30 |
| Net Debt / FCF Ratio | 1.58 | 0.92 | 1.48 | 3.04 | -10.37 | -6.92 |
| Asset Turnover | 0.89 | 0.85 | 0.85 | 0.87 | 0.85 | 0.62 |
| Inventory Turnover | 2.64 | 2.68 | 2.76 | 3.16 | 3.90 | 3.69 |
| Quick Ratio | 1.89 | 2.11 | 1.84 | 1.63 | 1.25 | 1.43 |
| Current Ratio | 3.94 | 3.81 | 3.65 | 3.41 | 2.79 | 2.98 |
| Return on Equity (ROE) | 27.84% | 25.75% | 21.39% | 12.33% | 4.14% | -3.61% |
| Return on Assets (ROA) | 12.96% | 11.87% | 9.40% | 5.67% | 2.57% | -0.44% |
| Return on Invested Capital (ROIC) | 22.70% | 23.06% | 18.31% | 11.89% | 4.77% | -1.10% |
| Return on Capital Employed (ROCE) | 22.60% | 21.00% | 17.00% | 10.20% | 4.70% | -0.80% |
| Earnings Yield | 4.00% | 1.73% | 2.73% | 3.43% | 2.07% | -3.64% |
| FCF Yield | 2.43% | 1.18% | 2.08% | 3.28% | -2.48% | -6.33% |
| Dividend Yield | 0.28% | 0.13% | 0.29% | 0.73% | 1.43% | 2.87% |
| Payout Ratio | 7.06% | 7.61% | 10.72% | 21.45% | 69.86% | |
| Buyback Yield / Dilution | 0.64% | 0.59% | -0.80% | -2.24% | -1.44% | -0.41% |
| Total Shareholder Return | 0.92% | 0.72% | -0.51% | -1.50% | -0.01% | 2.45% |