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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- North America
- Rest of the World
- Western Europe
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| North America | $829.3M | $804.8M | $787.1M |
| Rest of the World | $637.2M | $519.9M | $407.9M |
| Western Europe | $190.2M | $162.1M | $196.3M |
As the company reported it, from the “Segment Information (Net Sales by Geographic Region) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Crane Payment Innovations
- Security and Authentication Technologies
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Crane Payment Innovations | $846.6M | $873.2M | $886.4M |
| Security and Authentication Technologies | $810.1M | $613.6M | $504.9M |
As the company reported it, from the “Revenue (Disaggregation of Revenue) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.75B | $2.79B | $3.35B | $3.07B | $2.94B | $1.35B | $1.34B | $1.39B | $1.49B | $1.66B |
| Gross profit | $989.7M | $1.02B | $1.19B | $1.18B | $965.1M | $1.24B | $626.2M | $654.1M | $665.1M | $703.8M |
| Net income | $122.8M | $171.8M | $335.6M | $133.3M | $181.0M | $178.0M | $204.9M | $188.3M | $184.1M | $145.1M |
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
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- 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
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
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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