CARPENTER TECHNOLOGY CORP CRS

Basic materials SIC 3312 - Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) NAICS Manufacturing › Primary Metal Manufacturing › Iron and Steel Mills and Ferroalloy Manufacturing derived NYSE

Carpenter Technology Corporation, founded in 1889, is engaged in the manufacturing, fabrication and distribution of specialty metals. As used throughout this report, unless the context requires otherwise, the terms "Carpenter," "Carpenter Technology," "Company," "Registrant," "Issuer," "we" and "our" refer to Carpenter Technology Corporation.

We are organized in two reportable business segments: Specialty Alloys Operations ("SAO") and Performance Engineered Products ("PEP"). See Note 20 to our consolidated financial statements included in Item 8. "Financial Statements and Supplementary Data" for additional segment reporting information.

We are a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels. We are a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer markets. We have evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing processes and soft magnetics applications.

Last close 284.66 2026-10-23
Market cap $14.11B 2026-06-30 share count
52-week range 278.17 - 625.99

Valuation FY2026 figures against the last close

P/S4.5x
P/E27.1x
P/FCF38.9x
EV/EBITDA17.0x
Dividend yield0.3%
Diluted EPS10.52

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $3.12B$2.88B$2.76B$2.55B$1.84B$1.48B$2.18B$2.38B$2.16B$1.80B
Cost of revenue ———————$1.94B$1.78B$1.50B
Gross profit $955.5M$768.6M$584.3M$337.3M$149.8M$1.0M$329.4M$444.8M$382.3M$300.8M
R&D $27.7M$26.1M$25.6M$24.4M$20.4M$19.7M$28.0M$23.3M$19.3M$16.9M
SG&A $253.5M$243.2M$230.2M$204.2M$174.7M$180.2M$201.0M$203.4M$193.0M$176.1M
Operating income $702.0M$521.8M$323.1M$133.1M-$24.9M-$248.6M$25.3M$241.4M$189.3M$121.5M
Interest expense $37.8M$48.4M$51.0M$54.1M$44.9M$32.7M$19.8M$26.0M$28.3M$29.8M
Pre-tax income $656.2M$467.3M$211.6M$72.5M-$63.1M-$297.9M$6.1M$216.0M$160.2M$70.2M
Income tax $126.4M$91.3M$25.1M$16.1M$14.0M$68.3M$4.6M$49.0M$28.3M$23.2M
Net income $529.8M$376.0M$186.5M$56.4M-$49.1M-$229.6M$1.5M$167.0M$188.5M$47.0M
EPS, basic 10.597.503.751.15-1.01-4.760.023.463.960.99
EPS, diluted 10.527.423.701.14-1.01-4.760.023.433.920.99
Shares, diluted (wtd. avg.) 50.4M50.7M50.3M49.2M48.5M48.3M48.2M48.1M47.6M47.1M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $393.3M$315.5M$199.1M$44.5M$154.2M$287.4M$193.1M$27.0M$56.2M$66.3M
Receivables $701.9M$575.5M$562.6M$531.3M$382.3M$308.7M$292.3M$384.1M$378.5M$290.4M
Inventory $822.9M$793.8M$735.4M$639.7M$496.1M$425.7M$724.3M$787.7M$689.2M$690.4M
Total current assets $1.98B$1.76B$1.59B$1.28B$1.12B$1.12B$1.27B$1.24B$1.18B$1.09B
Property, plant and equipment $1.49B$1.36B$1.34B$1.38B$1.42B$1.46B$1.50B$1.37B$1.31B$1.32B
Goodwill $227.3M$227.3M$227.3M$241.4M$241.4M$241.4M$290.4M$326.4M$268.7M$263.4M
Other intangibles $3.9M$9.5M$15.2M$28.7M$35.2M$43.1M$52.1M$67.2M$63.3M$64.9M
Total assets $3.84B$3.49B$3.29B$3.05B$2.93B$2.97B$3.23B$3.19B$3.01B$2.88B
Accounts payable $313.4M$267.4M$263.9M$278.1M$242.1M$142.4M$124.2M$238.7M$214.7M$201.1M
Short-term debt —————$0$170.0M$19.7M$0$55.0M
Total current liabilities $520.0M$483.7M$466.3M$459.4M$375.6M$306.3M$452.1M$416.0M$363.3M$396.0M
Long-term debt $690.7M$695.4M$694.2M$693.0M$691.8M$694.5M$551.8M$550.6M$545.7M$550.0M
Total liabilities $1.61B$1.60B$1.66B$1.66B$1.60B$1.58B$1.78B$1.67B$1.52B$1.68B
Retained earnings $2.20B$1.71B$1.37B$1.23B$1.21B$1.30B$1.57B$1.61B$1.48B$1.32B
Total equity $2.23B$1.89B$1.63B$1.40B$1.33B$1.39B$1.45B$1.52B$1.49B$1.20B

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $605.0M$440.4M$274.9M$14.7M$6.0M$250.0M$231.8M$232.4M$209.2M$130.3M
Depreciation and amortisation $147.1M$139.2M$134.6M$131.0M$131.4M$123.6M$123.9M$121.5M$116.6M$117.8M
Stock-based compensation $26.4M$22.8M$19.8M$16.4M$10.8M$10.4M$10.9M$17.6M$17.6M$13.0M
Capital expenditure $242.7M$154.3M$96.6M$82.3M$91.3M$100.5M$171.4M$180.3M$135.0M$98.5M
Investing cash flow -$242.7M-$152.9M-$95.9M-$82.3M-$89.1M-$78.9M-$171.2M-$244.6M-$139.4M-$112.1M
Financing cash flow -$286.8M-$167.1M-$23.3M-$40.1M-$52.8M-$76.1M$107.8M-$19.4M-$78.9M-$33.8M
Dividends paid $40.3M$40.3M$40.0M$39.4M$39.2M$39.1M$38.8M$38.6M$34.4M$34.1M
Buybacks $179.1M$101.9M$0$0————$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000017843-26-000034.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2017: 1.8B Gross profit, FY2017: 300.8M Net income, FY2017: 47M Revenue, FY2018: 2.2B Gross profit, FY2018: 382.3M Net income, FY2018: 188.5M Revenue, FY2019: 2.4B Gross profit, FY2019: 444.8M Net income, FY2019: 167M Revenue, FY2020: 2.2B Gross profit, FY2020: 329.4M Net income, FY2020: 1.5M Revenue, FY2021: 1.5B Gross profit, FY2021: 1M Net income, FY2021: -229.6M Revenue, FY2022: 1.8B Gross profit, FY2022: 149.8M Net income, FY2022: -49.1M Revenue, FY2023: 2.6B Gross profit, FY2023: 337.3M Net income, FY2023: 56.4M Revenue, FY2024: 2.8B Gross profit, FY2024: 584.3M Net income, FY2024: 186.5M Revenue, FY2025: 2.9B Gross profit, FY2025: 768.6M Net income, FY2025: 376M Revenue, FY2026: 3.1B Gross profit, FY2026: 955.5M Net income, FY2026: 529.8M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $1.80B $2.16B $2.38B $2.18B $1.48B $1.84B $2.55B $2.76B $2.88B $3.12B
Gross profit $300.8M $382.3M $444.8M $329.4M $1.0M $149.8M $337.3M $584.3M $768.6M $955.5M
Net income $47.0M $188.5M $167.0M $1.5M -$229.6M -$49.1M $56.4M $186.5M $376.0M $529.8M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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