Carpenter Technology Corporation (CRS)

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Carpenter Technology Corp is a US specialty materials producer focused on high-performance alloys, stainless steels, and engineered metal products used in demanding applications. Its materials are designed for environments where strength, corrosion resistance, heat tolerance, fatigue performance, or metallurgical consistency are critical. The company serves markets such as aerospace and defense, medical devices, energy, transportation, industrial equipment, and consumer-related manufacturing.

The business is built around two reportable segments: Specialty Alloys Operations and Performance Engineered Products. Specialty Alloys Operations is the largest contributor to revenue and includes Carpenter’s core melting, remelting, rolling, forging, and finishing activities. These operations are concentrated at facilities in Pennsylvania, including Reading and Latrobe, with additional production assets in locations such as South Carolina and Alabama. The segment produces alloy and stainless steel products in forms including bar, wire, billet, strip, and other semi-finished materials.

Performance Engineered Products focuses on more specialized, higher-value solutions that may involve advanced processing, precision forms, or components tailored to customer requirements. Carpenter’s customer base often requires rigorous qualification standards, especially in aerospace, defense, and medical markets, where materials can be specified into long product cycles.

The United States is Carpenter Technology’s primary market, although the company also sells into Europe, Asia Pacific, Mexico, Canada, and other regions. Its position is tied to long-term demand for advanced materials in aircraft engines, structural components, surgical instruments, power generation, and industrial systems where commodity metals are not sufficient.

542.38USD
534.09 USD
−2.21(-0.41%)
Pre-market

Last updated

Market Cap
$28,327,257,970
P/E
59.13
P/FCF
69.53
P/S
9.35
Enterprise Value
$28,722,857,970
Sector
Materials
Industry
Steel
Address
BNY MELLON BUILDING, PHILADELPHIA, PA, 19103
Market Cap
$28,327,257,970
Enterprise Value
$28,722,857,970
P/E
59.13
P/B
13.7
P/S
9.35
EV / EBITDA
36.32
EV / Sales
9.48
EPS
9.64
Dividend Yield
0.14%
P/FCF
69.53
P/CF
45.47
Free Cash Flow
$407,400,000
ROE
23.17%
ROA
13.02%
Debt / Equity
0.33
Current Ratio
3.73
Quick Ratio
2.08
Cash
0.58
Avg Volume
$822,910
Fundamentals Snapshot Price
570.13

Income Statement

Line Item2026 Q42026 Q32026 Q22026 Q12025 Q4
Revenue851M811.5M728M733.7M755.6M
Cost of revenue582.1M559.7M509.7M517.3M541.6M
Gross profit268.9M251.8M218.3M216.4M214M
Operating income206.9M186.5M155.2M153.3M151.4M
EBITDA245.2M223.2M191.3M189.3M187M
Net income162.4M139.6M105.3M122.5M111.7M
Income taxes42.3M37.1M24.7M22.3M27.4M
Interest expense-7.5M-8.7M-10.2M-11.5M-11.8M
Other operating expenses00000
Total operating expenses62M65.3M63.1M63.1M62.6M
Basic EPS3.262.792.12.452.22
Diluted EPS3.212.772.092.432.2

Balance Sheet

Line Item2026 Q42026 Q32026 Q22026 Q12025 Q4
Total assets3.84B3.68B3.5B3.4B3.49B
Total liabilities1.61B1.61B1.52B1.49B1.6B
Total equity2.23B2.07B1.99B1.91B1.89B
Cash & equivalents393.3M294.8M231.9M208M315.5M
Current assets1.98B1.9B1.76B1.67B1.76B
Current liabilities520M508.3M412.8M376.9M483.7M
Accounts payable313.4M322.6M270.1M246.3M267.4M
Receivables701.9M682M603.5M613.6M575.5M
Inventories822.9M839.2M822.3M778.5M793.8M
Goodwill227.3M227.3M227.3M227.3M227.3M
Long-term debt690.7M690.4M690.1M695.7M695.4M

Cash Flow

Line Item2026 Q42026 Q32026 Q22026 Q12025 Q4
Operating cash flow240.1M193.5M132.2M39.2M258.1M
Investing cash flow-85.1M-68.7M-46.3M-42.6M-56.7M
Financing cash flow-57.3M-62.8M-62.5M-104.2M-34.7M
Change in cash98.5M62.9M23.9M-107.5M164M
Net income162.4M139.6M105.3M122.5M111.7M

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