NYSE · Financial Statements

Carpenter Technology Corporation (CRS) Financial Statements

$284.66 NYSE: CRS Market Cap $14.10B

Carpenter Technology Corporation most recently reported annual revenue of $3.1B, net profit of $530.0M. Revenue grew at an average annual rate of 16.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Carpenter Technology Corporation: Revenue rose from $1.8B in 2017 to $3.1B in 2026, a change of +73.7% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 6.8% to 22.5%, a shift of +15.7 percentage points; the most recent year shows net profit of $530.0M.

Income Statement — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	$1.8B	$2.2B	$2.4B	$2.2B	$1.5B	$1.8B	$2.5B	$2.8B	$2.9B	$3.1B
Operating Expenses	$1.7B	$2.0B	$2.1B	$2.2B	$1.7B	$1.9B	$2.4B	$2.4B	$2.4B	$2.4B
Operating Profit	$122.0M	$189.0M	$241.0M	$25.0M	$-249.0M	$-25.0M	$133.0M	$323.0M	$522.0M	$702.0M
Operating Margin	6.8%	8.8%	10.1%	1.2%	-16.9%	-1.4%	5.2%	11.7%	18.1%	22.5%
Other Income	$-51.0M	$-29.0M	$-25.0M	$-19.0M	$-49.0M	$-38.0M	$-61.0M	$-111.0M	$-54.0M	$-46.0M
Interest	$30.0M	$28.0M	$26.0M	$20.0M	$34.0M	$45.0M	$64.0M	$65.0M	$64.0M	$38.0M
Depreciation	$118.0M	$117.0M	$122.0M	$124.0M	$124.0M	$131.0M	$131.0M	$135.0M	$139.0M	$147.0M
Profit Before Tax	$70.0M	$160.0M	$216.0M	$6.0M	$-298.0M	$-63.0M	$73.0M	$212.0M	$467.0M	$656.0M
Tax	$33.0M	$-17.7M	$22.7M	$75.4M	$22.9M	$22.2M	$22.2M	$11.9M	$19.5M	$19.3M
Net Profit	$47.0M	$189.0M	$167.0M	$2.0M	$-230.0M	$-49.0M	$56.0M	$187.0M	$376.0M	$530.0M
EPS	$0.99	$3.96	$3.47	$0.02	$-4.75	$-1.01	$1.14	$3.70	$7.42	$10.52
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$652.0M	$624.0M	$685.0M	$799.0M	$718.0M	$677.0M	$727.0M	$756.0M	$734.0M	$728.0M	$812.0M	$851.0M
Operating Expenses	$583.0M	$554.0M	$609.0M	$690.0M	$604.0M	$558.0M	$589.0M	$604.0M	$580.0M	$573.0M	$625.0M	$644.0M
Operating Profit	$69.0M	$70.0M	$76.0M	$108.0M	$114.0M	$119.0M	$138.0M	$151.0M	$153.0M	$155.0M	$187.0M	$207.0M
Operating Margin	10.6%	11.2%	11.1%	13.6%	15.8%	17.6%	18.9%	20.0%	20.9%	21.3%	23.0%	24.3%
Interest	$16.0M	$17.0M	$17.0M	$16.0M	$16.0M	$16.0M	$16.0M	$16.0M	$12.0M	$12.0M	$9.0M	$6.0M
Profit Before Tax	$52.0M	$55.0M	$10.0M	$94.0M	$101.0M	$105.0M	$122.0M	$139.0M	$145.0M	$130.0M	$177.0M	$205.0M
Tax	$16.1M	$22.6M	$37.6M	$320,000	$16.1M	$20.0M	$21.8M	$19.7M	$15.4M	$19.0M	$21.0M	$20.7M
Net Profit	$44.0M	$43.0M	$6.0M	$94.0M	$85.0M	$84.0M	$95.0M	$112.0M	$123.0M	$105.0M	$140.0M	$162.0M
EPS	$0.88	$0.85	$0.12	$1.85	$1.67	$1.66	$1.88	$2.21	$2.43	$2.09	$2.77	$3.23

Over the 10 years reported for Carpenter Technology Corporation, borrowings increased from $605.0M in 2017 to $691.0M in 2026, cash stood at $393.0M in the latest year, shareholders' equity was $287.0M, current assets covered current liabilities 3.81 times.

Balance Sheet — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Total Assets	$2.9B	$3.0B	$3.2B	$3.2B	$3.0B	$2.9B	$3.1B	$3.3B	$3.5B	$3.8B
Current Assets	$1.1B	$1.2B	$1.2B	$1.3B	$1.1B	$1.1B	$1.3B	$1.6B	$1.8B	$2.0B
Cash	$66.0M	$56.0M	$27.0M	$193.0M	$287.0M	$154.0M	$45.0M	$199.0M	$316.0M	$393.0M
Inventory	$690.0M	$689.0M	$788.0M	$724.0M	$426.0M	$496.0M	$640.0M	$735.0M	$794.0M	$823.0M
Receivables	$290.0M	$379.0M	$384.0M	$292.0M	$309.0M	$382.0M	$531.0M	$563.0M	$576.0M	$702.0M
Fixed Assets	$1.3B	$1.3B	$1.4B	$1.6B	$1.5B	$1.4B	$1.4B	$1.3B	$1.4B	$1.5B
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$0	$16.0M	$5.0M	$0	$0	$0	$0
Other Assets	$263.0M	$269.0M	$326.0M	$290.0M	$241.0M	$241.0M	$241.0M	$227.0M	$227.0M	$227.0M
Total Liabilities	$1.7B	$1.5B	$1.7B	$1.8B	$1.6B	$1.6B	$1.7B	$1.7B	$1.6B	$1.6B
Current Liabilities	$396.0M	$363.0M	$416.0M	$452.0M	$306.0M	$376.0M	$459.0M	$466.0M	$484.0M	$520.0M
Borrowings	$605.0M	$546.0M	$570.0M	$784.0M	$739.0M	$744.0M	$746.0M	$741.0M	$738.0M	$691.0M
Other Liabilities	$1.1B	$975.0M	$1.1B	$998.0M	$840.0M	$857.0M	$912.0M	$922.0M	$862.0M	$920.0M
Equity	$277.0M	$279.0M	$279.0M	$280.0M	$280.0M	$280.0M	$281.0M	$285.0M	$286.0M	$287.0M
Reserves	$1.2B	$1.5B	$1.5B	$1.4B	$1.4B	$1.3B	$1.4B	$1.6B	$1.9B	$2.2B

For Carpenter Technology Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $362.0M; free cash flow was positive in 8 of 10 years; financing activities used $253.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Operating Cash Flow	$129.0M	$209.0M	$232.0M	$232.0M	$250.0M	$6.0M	$15.0M	$275.0M	$440.0M	$605.0M
Investing Cash Flow	$-211.0M	$-274.0M	$-424.0M	$-343.0M	$-179.0M	$-180.0M	$-165.0M	$-192.0M	$-307.0M	$-485.0M
Financing Cash Flow	$0	$11.0M	$0	$-4.0M	$-11.0M	$-7.0M	$-2.0M	$-24.0M	$-127.0M	$-253.0M
Net Cash Flow	$-16.0M	$-10.0M	$-29.0M	$166.0M	$94.0M	$-133.0M	$-110.0M	$155.0M	$116.0M	$78.0M
Free Cash Flow	$31.0M	$74.0M	$52.0M	$60.0M	$150.0M	$-85.0M	$-68.0M	$178.0M	$286.0M	$362.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	0.89
EV / EBITDA	23.30
FCF Yield	1.88%
Quick Ratio	2.23
Interest Coverage	18.57
Return 1Y	59.25%
Return 3Y	531.03%
Return 5Y	1100.44%

Carpenter Technology Corporation (CRS) financials — frequently asked questions

What is Carpenter Technology Corporation's annual revenue?

Carpenter Technology Corporation (CRS) reported annual revenue of $3.1B in its most recent fiscal year.

What is Carpenter Technology Corporation's net profit?

Carpenter Technology Corporation (CRS) reported net profit of $530.0M in its most recent fiscal year.

What is CRS EV/EBITDA?

Carpenter Technology Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 23.30.

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