Crane NXT, Co. CXT
Crane NXT is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. The company is a pioneer in advanced, proprietary micro-optics technology for securing physical products, as well as digital authentication, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies. We are comprised of two reporting segments: Crane Payment Innovations ("CPI") and Security and Authentication Technologies ("SAT").
We are committed to delivering shareholder value by focusing on our proprietary and differentiated technology and investing in core businesses to capitalize on opportunities to enhance organic growth. We maintain a strong balance sheet with financial flexibility, allowing us the ability to expand the business through strategic acquisitions into higher-growth adjacencies. We continuously evaluate our portfolio, pursue acquisitions that complement our existing businesses and are accretive to our growth profile, and selectively divest businesses where appropriate. We foster a performance-based culture with clearly defined values and utilize our well-established Crane Business System (CBS) to drive operational excellence and profitable growth.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.66B | $1.49B | $1.39B | $1.34B | $1.35B | $2.94B | $3.07B | $3.35B | $2.79B | $2.75B |
| Cost of revenue | $952.9M | $821.7M | $737.2M | $713.7M | $746.2M | $1.93B | $1.94B | $2.16B | $1.77B | $1.76B |
| Gross profit | $703.8M | $665.1M | $654.1M | $626.2M | $1.24B | $965.1M | $1.18B | $1.19B | $1.02B | $989.7M |
| R&D | $46.0M | $39.5M | $42.8M | $33.9M | $33.2M | $74.6M | $74.0M | $89.1M | $58.5M | $61.5M |
| SG&A | $440.3M | $386.2M | $366.8M | $318.7M | $323.4M | $698.1M | $678.6M | $711.9M | $605.9M | $610.6M |
| Total operating expenses | — | — | — | — | — | — | — | $2.90B | $2.40B | $2.56B |
| Operating income | $246.7M | $268.8M | $286.8M | $301.3M | $279.2M | $262.9M | $183.1M | $441.3M | $388.4M | $186.7M |
| Interest expense | — | — | — | $52.2M | $46.9M | $55.3M | $46.8M | $50.9M | $36.1M | $36.5M |
| Pre-tax income | $181.0M | $226.4M | $239.8M | $248.3M | $226.1M | $224.5M | $143.9M | $411.4M | $367.5M | $164.1M |
| Income tax | $35.9M | $42.3M | $51.5M | $43.4M | $48.1M | $43.4M | $31.3M | $75.9M | $195.0M | $40.3M |
| Net income | $145.1M | $184.1M | $188.3M | $204.9M | $178.0M | $181.0M | $133.3M | $335.6M | $171.8M | $122.8M |
| EPS, basic | 2.53 | 3.22 | 3.31 | 3.61 | 3.14 | 3.10 | 2.23 | 5.63 | 2.89 | 2.10 |
| EPS, diluted | 2.50 | 3.19 | 3.28 | 3.61 | 3.14 | 3.08 | 2.20 | 5.50 | 2.84 | 2.07 |
| Shares, diluted (wtd. avg.) | $58.0M | $57.8M | $57.5M | $56.7M | $56.7M | $58.8M | $60.6M | $61.0M | $60.4M | $59.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $233.8M | $165.8M | $227.2M | $230.7M | $101.2M | $145.1M | $393.9M | $343.4M | $706.2M | $509.7M |
| Receivables | $351.8M | $265.9M | $214.9M | $205.1M | $483.0M | $423.9M | $555.1M | $515.8M | $418.4M | $396.4M |
| Inventory | $169.5M | $144.8M | $157.1M | $145.6M | $449.1M | $429.7M | $457.3M | $411.5M | $349.3M | $342.5M |
| Total current assets | $852.9M | $642.5M | $644.4M | $623.3M | $1.54B | $1.57B | $1.50B | $1.36B | $1.52B | $1.32B |
| Property, plant and equipment | $303.8M | $272.3M | $261.2M | $261.6M | $555.6M | $573.7M | $616.3M | $599.1M | $282.4M | $278.9M |
| Goodwill | $1.16B | $956.6M | $841.2M | $836.6M | $860.6M | $1.61B | $1.30B | $1.40B | $1.21B | $1.15B |
| Other intangibles | $557.2M | $419.3M | $308.9M | $344.9M | $388.5M | $433.3M | $505.1M | $478.3M | $276.8M | $282.2M |
| Total assets | $3.12B | $2.39B | $2.13B | $2.13B | $4.49B | $4.62B | $4.42B | $4.04B | $3.59B | $3.43B |
| Accounts payable | $132.3M | $116.6M | $106.5M | $109.6M | $273.7M | $198.9M | $311.1M | $329.2M | $247.4M | $223.2M |
| Short-term debt | $135.1M | $210.0M | $4.6M | $299.7M | $0 | $375.7M | $149.4M | $6.9M | $249.4M | $0 |
| Total current liabilities | $569.1M | $562.4M | $334.4M | $631.4M | $789.3M | $1.06B | $916.7M | $740.2M | $837.5M | $520.8M |
| Long-term debt | $1.00B | $540.6M | $640.3M | $545.1M | $842.4M | $842.9M | $842.0M | $942.3M | $494.1M | $745.3M |
| Total liabilities | $1.86B | $1.32B | $1.17B | $1.35B | — | — | — | — | — | — |
| Retained earnings | $374.5M | $268.4M | $120.9M | $0 | $2.53B | $2.19B | $2.11B | $2.07B | $1.81B | $1.72B |
| Total equity | $1.25B | $1.06B | $964.0M | $783.8M | $763.8M | $914.1M | $1.48B | $1.53B | $1.35B | $1.15B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $241.5M | $214.1M | $276.3M | $306.0M | $277.0M | $309.5M | $370.4M | $413.8M | $317.5M | $318.1M |
| Depreciation and amortisation | $106.6M | $86.8M | $77.6M | $78.7M | $81.8M | $127.5M | $107.9M | $120.0M | $72.7M | $67.4M |
| Stock-based compensation | $12.7M | $10.6M | $10.3M | $9.3M | $8.6M | $22.3M | $21.8M | $21.6M | $21.8M | $21.7M |
| Capital expenditure | $43.2M | $45.4M | $31.1M | $21.3M | $18.6M | $34.1M | $64.4M | $108.8M | $49.0M | $51.5M |
| Investing cash flow | -$549.0M | -$318.0M | -$31.1M | -$21.3M | -$15.8M | -$229.1M | -$216.6M | -$752.3M | -$86.7M | -$50.6M |
| Financing cash flow | $363.6M | $62.1M | -$252.5M | -$135.0M | -$298.1M | $55.1M | -$124.6M | -$7.9M | -$80.8M | -$100.4M |
| Dividends paid | $39.0M | $36.6M | $23.7M | $0 | $0 | $100.4M | $93.2M | $83.5M | $78.4M | $77.2M |
| Buybacks | — | — | — | $203.7M | $96.3M | $70.0M | $79.9M | $50.1M | $25.0M | $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 0001140361-26-013414.
Others in SIC 3490
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| PH | Parker-Hannifin Corp | $121.33B | 33.8x | 8.3% |
| WTS | WATTS WATER TECHNOLOGIES INC | $12.16B | 35.7x | 8.3% |
| CR | Crane Co | $11.83B | 32.7x | 8.2% |
| MWA | Mueller Water Products, Inc. | $3.74B | 19.6x | 8.7% |
| HLIO | HELIOS TECHNOLOGIES, INC. | $2.36B | 49.4x | 4.1% |
| HIHO | HIGHWAY HOLDINGS LTD | — | — | -99.2% |
| AIOS | AIOS Tech Inc. | — | — | -98.5% |
| ZKIN | ZK International Group Co., Ltd. | — | — | 50.0% |