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Carpenter Technology

CRS

Carpenter Technology Corporation is a leading manufacturer, fabricator, and distributor of premium specialty alloys and high-performance materials.

Market cap
$29.2B+110%
Revenue$3.0B+3.7%
Net income$479.1M+33.9%
Free cash flow$407.4M+78.8%
EPS (diluted)$9.50+34.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$862.0M
EPS estimate$3.03

Financials

Q3 2026

Income statement

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Revenue$811.5M+11.6%
Gross profit$251.8M+25.4%
Operating income$186.5M+35.3%
Net income$139.6M+46.3%
EPS (diluted)$2.77+47.3%

Balance sheet

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Cash & equivalents$294.8M+94.6%
Total debt$699.3M-0.5%
Total equity$2.1B+16.0%
Total assets$3.7B+9.4%

Cash flow

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Operating cash flow$193.5M+161%
CapEx$68.7M+70.9%
Free cash flow$124.8M+266%

Valuation & ratios

Valuation

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Market cap$29.2B+110%
Enterprise value$29.6B+106%
P/E60.9×+23.9×
P/S9.6×+4.8×

Profitability

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Gross margin29.7%+4.2pp
Operating margin21.3%+5.0pp
Net margin15.8%+3.6pp
FCF margin13.5%+5.6pp

Returns & leverage

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Return on equity24.9%+3.1pp
Debt / equity0.3×-0.1×
Current ratio3.7×0.0×

Segments

By product

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Aerospace and Defense$534.2M+17.5%
Industrial and Consumer$97.0M+7.2%
Energy$69.0M+48.7%
Medical$65.8M-22.6%
Transportation$24.7M-12.1%

By geography

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Europe$196.5M+22.4%
Asia Pacific$76.6M-4.0%
Other$13.8M-2.1%

By segment

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Specialty Alloys Operations$735.1M+14.3%
Performance Engineered Products$97.7M-6.9%

Competitors

Profile

Carpenter Technology Corporation is a leading manufacturer, fabricator, and distributor of premium specialty alloys and high-performance materials. The company provides advanced process solutions for critical applications in demanding environments, specializing in titanium, nickel, and cobalt alloys as well as materials for additive manufacturing and soft magnetics.

Competitive position

A recognized leader in high-performance specialty alloy-based materials with significant barriers to entry due to complex customer qualifications and technical expertise.

GeographiesUnited States, Mexico, Global
Customer segmentsAerospace, Medical, Defense, Energy, Transportation
Business modelManufacturing, Distribution, Material Science R&D
SuppliersNickel suppliers, Cobalt suppliers, Chromium suppliers, Titanium ore and scrap suppliers, Iron and scrap metal vendors
CustomersAircraft engine manufacturers, Medical device OEMs, Oil and gas equipment providers, Automotive component manufacturers
Listed1968
Employees4.5K
CEOTony R. Thene
FilingsSEC EDGAR

Questions, answered.

What is Carpenter Technology's market cap?
Carpenter Technology (CRS) has a market capitalization of $29.2B and trades on NYSE.
What is Carpenter Technology's revenue and profitability?
Carpenter Technology generated $3.0B in trailing twelve-month revenue with net income of $479.1M, representing a net margin of 15.8%. Gross margin stands at 29.7%, with free cash flow of $407.4M. These figures are based on the Q1 2026 filing.
Who are Carpenter Technology's competitors?
Carpenter Technology's key competitors include Allegheny Technologies (ATI), Park-Ohio Holdings Corp, Mayville Engineering Company, Inc., and others. These companies compete in similar markets and product categories.
What subsidiaries does Carpenter Technology have?
Carpenter Technology's subsidiaries include Dynamet, Carpenter Additive.
Where is Carpenter Technology headquartered?
Carpenter Technology is headquartered in United States of America and employs approximately 4,500 people. It has been publicly traded since 1968.