What is Carpenter Technology's operating income?

Carpenter Technology's total operating income in 2026 was $702 million, based on the following breakdown: Total Gross Profit: $955.50 million Total Operating Expenses: $253.50 million

Carpenter Technology (CRS) Financials

$490.70 +7.00 (+1.45%)

Closing price 08/27/2026 03:59 PM Eastern

Extended Trading

$490.61 -0.08 (-0.02%)

As of 07:49 AM Eastern

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Annual Income Statements for Carpenter Technology

This table shows Carpenter Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	11	47	189	167	1.50	-230	-49	56	187	376	530
Consolidated Net Income / (Loss)	11	47	189	167	1.50	-230	-49	56	187	376	530
Net Income / (Loss) Continuing Operations	11	47	189	167	1.50	-230	-49	56	187	376	530
Total Pre-Tax Income	22	70	160	216	6.10	-298	-63	73	212	467	656
Total Operating Income	52	125	189	241	25	-249	-25	133	323	522	702
Total Gross Profit	256	301	382	445	329	1.00	150	337	584	769	956
Total Revenue	1,813	1,798	2,158	2,380	2,181	1,476	1,836	2,550	2,760	2,877	3,124
Operating Revenue	1,813	1,798	2,158	2,380	2,181	1,476	1,836	2,550	2,760	2,877	3,124
Total Cost of Revenue	1,558	1,497	1,775	1,935	1,852	1,475	1,687	2,213	2,175	2,109	2,169
Operating Cost of Revenue	1,558	1,497	1,775	1,935	1,852	1,475	1,687	2,213	2,175	2,109	2,169
Total Operating Expenses	204	176	193	203	304	250	175	204	261	247	254
Selling, General & Admin Expense	174	176	193	203	201	180	175	204	230	243	254
Impairment Charge	13	-	0.00	0.00	35	53	0.00	0.00	14	0.00	0.00
Restructuring Charge	18	-	0.00	0.00	69	17	0.00	0.00	17	3.60	0.00
Total Other Income / (Expense), net	-30	-55	-29	-25	-19	-49	-38	-61	-112	-55	-46
Interest Expense	28	30	28	26	20	41	51	54	51	48	53
Other Income / (Expense), net	-2.10	-25	-0.80	0.60	0.60	-8.40	13	-6.50	-61	-6.10	7.60
Income Tax Expense	10	23	-28	49	4.60	-68	-14	16	25	91	126
Basic Earnings per Share	$0.23	$0.99	$3.96	$3.46	$0.02	($4.76)	($1.01)	$1.15	$3.75	$7.50	$10.59
Weighted Average Basic Shares Outstanding	48.10M	47M	47.20M	47.70M	48.10M	48.30M	48.50M	48.80M	49.70M	50.20M	50M
Diluted Earnings per Share	$0.23	$0.99	$3.92	$3.43	$0.02	($4.76)	($1.01)	$1.14	$3.70	$7.42	$10.52
Weighted Average Diluted Shares Outstanding	48.20M	47.10M	47.60M	48.10M	48.20M	48.30M	48.50M	49.20M	50.30M	50.70M	50.40M
Weighted Average Basic & Diluted Shares Outstanding	49.10M	47.50M	47.60M	47.66M	47.95M	48.07M	48.30M	48.85M	49.95M	49.85M	49.56M

This table shows Carpenter Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	43	6.30	94	85	84	95	112	123	105	140	162
Consolidated Net Income / (Loss)	43	6.30	94	85	84	95	112	123	105	140	162
Net Income / (Loss) Continuing Operations	43	6.30	94	85	84	95	112	123	105	140	162
Total Pre-Tax Income	55	10	94	101	105	122	139	145	130	177	205
Total Operating Income	70	76	108	114	119	138	152	153	155	187	207
Total Gross Profit	123	147	191	176	178	201	214	216	218	252	269
Total Revenue	624	685	799	718	677	727	756	734	728	812	851
Operating Revenue	624	685	799	718	677	727	756	734	728	812	851
Total Cost of Revenue	502	538	608	541	499	526	542	517	510	560	582
Total Operating Expenses	53	71	82	63	59	63	63	63	63	65	62
Selling, General & Admin Expense	53	57	65	59	59	63	63	63	63	65	62
Total Other Income / (Expense), net	-15	-66	-14	-13	-14	-16	-12	-8.50	-25	-9.80	-2.30
Interest Expense	13	13	12	12	12	12	12	12	26	8.70	7.40
Other Income / (Expense), net	-1.60	-53	-2.00	-0.10	-1.60	-3.80	-0.60	3.00	0.60	-1.10	5.10
Income Tax Expense	13	3.80	0.40	16	21	27	27	22	25	37	42
Basic Earnings per Share	$0.86	$0.12	$1.88	$1.69	$1.68	$1.90	$2.23	$2.45	$2.10	$2.79	$3.25
Weighted Average Basic Shares Outstanding	49.70M	49.70M	49.70M	50.10M	50.20M	50.20M	50.20M	50.10M	50.10M	50M	50M
Diluted Earnings per Share	$0.85	$0.12	$1.85	$1.67	$1.66	$1.88	$2.21	$2.43	$2.09	$2.77	$3.23
Weighted Average Diluted Shares Outstanding	50.20M	50.30M	50.30M	50.70M	50.70M	50.70M	50.70M	50.40M	50.30M	50.30M	50.40M
Weighted Average Basic & Diluted Shares Outstanding	49.41M	49.61M	49.95M	49.84M	49.95M	49.78M	49.85M	49.82M	49.81M	49.69M	49.56M

This table details how cash moves in and out of Carpenter Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Net Change in Cash & Equivalents	12	-16	-10	-29	166	94	-133	-110	155	116	78
Net Cash From Operating Activities	257	130	209	232	232	250	6.00	15	275	440	605
Net Cash From Continuing Operating Activities	257	130	209	232	232	250	6.00	15	275	440	605
Net Income / (Loss) Continuing Operations	11	47	189	167	1.50	-230	-49	56	187	376	530
Consolidated Net Income / (Loss)	11	47	189	167	1.50	-230	-49	56	187	376	530
Depreciation Expense	119	118	117	122	124	124	131	131	135	139	147
Non-Cash Adjustments To Reconcile Net Income	102	64	31	16	145	166	9.80	36	128	49	54
Changes in Operating Assets and Liabilities, net	25	-98	-127	-72	-39	190	-86	-208	-174	-123	-126
Net Cash From Investing Activities	-83	-112	-139	-245	-171	-79	-89	-82	-96	-153	-243
Net Cash From Continuing Investing Activities	-83	-112	-139	-245	-171	-79	-89	-82	-96	-153	-243
Purchase of Property, Plant & Equipment	-95	-99	-135	-180	-171	-101	-91	-82	-97	-154	-243
Sale of Property, Plant & Equipment	1.40	2.50	1.90	0.40	0.20	1.60	2.20	0.00	0.70	1.40	0.00
Net Cash From Financing Activities	-164	-34	-79	-19	108	-76	-53	-40	-23	-167	-287
Net Cash From Continuing Financing Activities	-164	-34	-79	-19	108	-76	-53	-40	-23	-167	-287
Repayment of Debt	-82	-124	-55	-164	-181	-261	-307	-186	-63	0.00	-716
Repurchase of Common Equity	-124	-	-	-	-	-	-	0.00	0.00	-102	-179
Payment of Dividends	-35	-34	-34	-39	-39	-39	-39	-39	-40	-40	-40
Issuance of Debt	77	122	0.00	184	331	226	297	184	63	0.00	692
Other Financing Activities, net	0.00	1.70	11	-0.50	-3.70	-1.80	-3.40	1.20	17	-25	-44
Other Net Changes in Cash	-	-0.10	-	2.40	-2.30	-	2.70	-	-1.10	-	2.30

This table details how cash moves in and out of Carpenter Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-2.40	38	146	-49	12	-11	164	-108	24	63	99
Net Cash From Operating Activities	15	84	170	40	68	74	258	39	132	194	240
Net Cash From Continuing Operating Activities	15	84	170	40	68	74	258	39	132	194	240
Net Income / (Loss) Continuing Operations	43	6.30	94	85	84	95	112	123	105	140	162
Consolidated Net Income / (Loss)	43	6.30	94	85	84	95	112	123	105	140	162
Depreciation Expense	34	34	34	34	34	36	36	36	36	37	38
Non-Cash Adjustments To Reconcile Net Income	10	79	28	13	11	12	13	8.60	25	9.50	11
Changes in Operating Assets and Liabilities, net	-72	-35	14	-91	-61	-69	98	-128	-34	7.70	28
Net Cash From Investing Activities	-25	-22	-27	-27	-29	-40	-57	-43	-46	-69	-85
Net Cash From Continuing Investing Activities	-25	-22	-27	-27	-29	-40	-57	-43	-46	-69	-85
Purchase of Property, Plant & Equipment	-25	-22	-28	-27	-29	-40	-58	-43	-46	-69	-85
Net Cash From Financing Activities	8.40	-24	5.00	-61	-28	-44	-35	-104	-63	-63	-57
Net Cash From Continuing Financing Activities	8.40	-24	5.00	-61	-28	-44	-35	-104	-63	-63	-57
Repurchase of Common Equity	-	-	-	-32	-8.20	-38	-24	-49	-32	-53	-45
Payment of Dividends	-9.90	-10	-10	-10	-10	-10	-10	-10	-10	-10	-10
Other Financing Activities, net	4.40	0.20	15	-19	-9.30	3.70	-0.50	-45	3.00	-	-2.00
Other Net Changes in Cash	-	-	-	-1.20	0.90	-	-	0.10	-	-	0.80

This table presents Carpenter Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
Total Assets	2,794	2,878	3,007	3,188	3,227	2,971	2,932	3,054	3,292	3,487	3,838
Total Current Assets	1,011	1,094	1,179	1,236	1,266	1,117	1,119	1,282	1,591	1,765	1,981
Cash & Equivalents	82	66	56	27	193	287	154	45	199	316	393
Accounts Receivable	254	290	379	384	292	309	382	531	563	576	702
Inventories, net	629	690	689	788	724	426	496	640	735	794	823
Other Current Assets	46	47	55	37	57	96	87	66	94	80	63
Plant, Property, & Equipment, net	1,351	1,317	1,313	1,366	1,498	1,458	1,421	1,384	1,335	1,359	1,488
Total Noncurrent Assets	432	468	515	585	463	396	392	388	365	363	369
Goodwill	245	263	269	326	290	241	241	241	227	227	227
Intangible Assets	63	65	63	67	52	43	35	29	15	9.50	3.90
Noncurrent Deferred & Refundable Income Taxes	8.20	7.60	4.30	4.20	4.90	5.30	5.70	6.60	7.50	7.80	5.50
Other Noncurrent Operating Assets	116	132	179	188	115	107	110	112	115	118	133
Total Liabilities & Shareholders' Equity	2,794	2,878	3,007	3,188	3,227	2,971	2,932	3,054	3,292	3,487	3,838
Total Liabilities	1,689	1,680	1,521	1,668	1,782	1,579	1,602	1,658	1,663	1,600	1,611
Total Current Liabilities	299	396	363	416	452	306	376	459	466	484	520
Accounts Payable	160	201	215	239	124	142	242	278	264	267	313
Accrued Expenses	139	140	149	158	158	164	134	181	202	216	207
Total Noncurrent Liabilities	1,391	1,284	1,158	1,252	1,329	1,273	1,226	1,198	1,197	1,116	1,091
Long-Term Debt	611	550	546	551	552	695	692	693	694	695	691
Noncurrent Deferred & Payable Income Tax Liabilities	102	185	162	143	130	157	162	170	174	163	197
Noncurrent Employee Benefit Liabilities	626	501	397	493	537	321	274	236	229	159	112
Other Noncurrent Operating Liabilities	51	48	54	65	111	100	98	99	100	99	91
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,105	1,199	1,486	1,520	1,446	1,392	1,331	1,396	1,629	1,887	2,228
Total Preferred & Common Equity	1,105	1,199	1,486	1,520	1,446	1,392	1,331	1,396	1,629	1,887	2,228
Total Common Equity	1,105	1,199	1,486	1,520	1,446	1,392	1,331	1,396	1,629	1,887	2,228
Common Stock	550	562	589	599	602	603	600	609	638	641	644
Retained Earnings	1,309	1,322	1,476	1,605	1,568	1,299	1,211	1,228	1,375	1,710	2,200
Treasury Stock	-344	-342	-339	-333	-326	-317	-307	-298	-289	-396	-596
Accumulated Other Comprehensive Income / (Loss)	-410	-343	-240	-352	-398	-192	-174	-143	-94	-68	-20

This table presents Carpenter Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	12/31/2022	3/31/2023	9/30/2023	12/31/2023	3/31/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025	3/31/2026
Total Assets	3,057	3,094	3,077	3,159	3,176	3,255	3,327	3,362	3,402	3,504	3,679
Total Current Assets	1,283	1,333	1,322	1,410	1,453	1,560	1,640	1,666	1,672	1,756	1,898
Cash & Equivalents	20	22	18	16	54	150	162	152	208	232	295
Accounts Receivable	442	516	511	508	521	569	565	603	614	604	682
Inventories, net	723	710	707	798	796	749	812	825	779	822	839
Other Current Assets	99	84	86	88	82	92	101	86	72	98	82
Plant, Property, & Equipment, net	1,391	1,384	1,371	1,364	1,351	1,330	1,325	1,337	1,373	1,395	1,433
Total Noncurrent Assets	383	378	384	385	372	365	361	359	357	354	348
Goodwill	241	241	241	241	227	227	227	227	227	227	227
Intangible Assets	32	30	27	25	24	14	12	11	8.10	6.70	5.30
Noncurrent Deferred & Refundable Income Taxes	5.20	5.30	6.60	6.70	6.70	7.60	7.60	7.70	8.00	8.00	8.00
Other Noncurrent Operating Assets	104	101	109	111	114	116	114	113	114	112	108
Total Liabilities & Shareholders' Equity	3,057	3,094	3,077	3,159	3,176	3,255	3,327	3,362	3,402	3,504	3,679
Total Liabilities	1,735	1,767	1,648	1,685	1,674	1,595	1,610	1,580	1,491	1,519	1,612
Total Current Liabilities	510	544	449	486	453	406	432	444	377	413	508
Accounts Payable	305	288	316	313	275	273	267	258	246	270	323
Accrued Expenses	124	147	133	158	178	133	165	186	131	143	186
Total Noncurrent Liabilities	1,225	1,223	1,199	1,200	1,220	1,189	1,178	1,136	1,114	1,106	1,103
Long-Term Debt	692	693	693	694	694	695	695	695	696	690	690
Noncurrent Deferred & Payable Income Tax Liabilities	162	160	173	169	168	171	167	164	169	172	176
Noncurrent Employee Benefit Liabilities	278	279	235	238	259	223	221	181	155	150	146
Other Noncurrent Operating Liabilities	93	91	98	99	99	100	95	96	95	93	91
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,321	1,327	1,429	1,474	1,503	1,660	1,717	1,782	1,911	1,985	2,068
Total Preferred & Common Equity	1,321	1,327	1,429	1,474	1,503	1,660	1,717	1,782	1,911	1,985	2,068
Total Common Equity	1,321	1,327	1,429	1,474	1,503	1,660	1,717	1,782	1,911	1,985	2,068
Common Stock	595	600	603	611	616	628	624	634	625	629	637
Retained Earnings	1,191	1,200	1,262	1,295	1,291	1,449	1,523	1,609	1,823	1,918	2,047
Treasury Stock	-298	-298	-290	-290	-290	-326	-334	-371	-469	-496	-549
Accumulated Other Comprehensive Income / (Loss)	-167	-174	-146	-142	-115	-91	-96	-90	-68	-66	-68

This table displays calculated financial ratios and metrics derived from Carpenter Technology's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	6/30/2016	6/30/2017	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,685,612.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,685,612.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	10.66
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-18.56%	-0.87%	20.03%	10.31%	-8.36%	-32.35%	24.44%	38.88%	8.21%	4.25%	8.59%
EBITDA Growth	-29.40%	29.03%	40.08%	19.14%	-58.79%	-189.05%	189.36%	116.11%	54.19%	64.88%	30.81%
EBIT Growth	-57.62%	102.02%	88.50%	28.38%	-89.30%	-1,092.28%	95.25%	1,137.70%	107.43%	96.38%	37.60%
NOPAT Growth	-63.08%	207.85%	166.79%	-16.21%	-96.67%	-2,897.16%	89.98%	694.05%	175.03%	47.43%	34.99%
Net Income Growth	-80.75%	315.93%	301.06%	-11.41%	-99.10%	-15,406.67%	78.62%	214.87%	230.67%	101.61%	40.90%
EPS Growth	-79.28%	330.43%	295.96%	-12.50%	-99.42%	-23,900.00%	78.78%	212.87%	224.56%	100.54%	41.78%
Operating Cash Flow Growth	-8.92%	-49.38%	60.55%	11.09%	-0.26%	7.85%	-97.60%	145.00%	1,770.07%	60.20%	37.38%
Free Cash Flow Firm Growth	24.84%	-107.76%	21.68%	742.20%	-3.46%	-98.97%	-8,888.78%	15.29%	381.64%	34.74%	11.50%
Invested Capital Growth	-12.13%	6.31%	13.71%	4.45%	-4.31%	-8.86%	3.82%	9.45%	3.88%	6.73%	11.39%
Revenue Q/Q Growth	-5.24%	2.86%	5.39%	1.00%	-8.56%	-1.05%	8.39%	8.26%	1.49%	-1.48%	3.15%
EBITDA Q/Q Growth	-6.27%	7.24%	5.10%	2.65%	-58.50%	35.87%	405.08%	17.52%	12.49%	7.61%	8.06%
EBIT Q/Q Growth	-16.10%	17.65%	8.27%	3.51%	-89.13%	22.43%	88.59%	42.57%	20.02%	9.44%	9.44%
NOPAT Q/Q Growth	-27.59%	55.58%	-6.52%	2.84%	-96.69%	23.74%	79.30%	56.11%	29.75%	3.46%	8.07%
Net Income Q/Q Growth	-40.53%	29.48%	10.11%	3.79%	-99.11%	21.07%	54.87%	175.12%	41.93%	5.06%	10.58%
EPS Q/Q Growth	-32.35%	25.32%	9.80%	3.63%	-99.42%	20.93%	55.31%	159.09%	41.22%	5.10%	10.74%
Operating Cash Flow Q/Q Growth	-5.16%	-16.74%	13.26%	32.27%	-14.18%	-19.95%	122.73%	127.63%	-1.93%	25.18%	-2.89%
Free Cash Flow Firm Q/Q Growth	16.87%	-121.35%	-120.21%	191.66%	-38.37%	-99.48%	56.28%	23.82%	12.48%	23.87%	-20.14%
Invested Capital Q/Q Growth	-9.29%	-1.47%	2.59%	-6.83%	-12.17%	-1.74%	-3.91%	-2.92%	-0.89%	-2.51%	2.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.11%	16.73%	17.72%	18.69%	15.10%	0.07%	8.16%	13.23%	21.17%	26.71%	30.58%
EBITDA Margin	9.31%	12.12%	14.14%	15.27%	6.87%	-9.04%	6.49%	10.10%	14.39%	22.76%	27.42%
Operating Margin	2.85%	6.94%	8.77%	10.14%	1.16%	-16.85%	-1.36%	5.22%	11.71%	18.14%	22.47%
EBIT Margin	2.73%	5.56%	8.74%	10.17%	1.19%	-17.42%	-0.66%	4.96%	9.52%	17.92%	22.71%
Profit (Net Income) Margin	0.62%	2.61%	8.74%	7.02%	0.07%	-15.56%	-2.67%	2.21%	6.76%	13.07%	16.96%
Tax Burden Percent	52.56%	66.95%	117.67%	77.31%	24.59%	77.07%	77.81%	77.79%	88.14%	80.46%	80.74%
Interest Burden Percent	43.43%	70.20%	84.99%	89.26%	23.55%	115.91%	517.21%	57.27%	80.58%	90.61%	92.47%
Effective Tax Rate	47.44%	33.05%	-17.67%	22.69%	75.41%	0.00%	0.00%	22.21%	11.86%	19.54%	19.26%
Return on Invested Capital (ROIC)	1.55%	4.95%	12.00%	9.24%	0.31%	-9.22%	-0.95%	5.29%	13.66%	19.12%	23.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.42%	-1.88%	5.34%	5.44%	-0.57%	-21.10%	-7.66%	-2.66%	-3.52%	9.10%	12.74%
Return on Net Nonoperating Assets (RNNOA)	-0.62%	-0.87%	2.04%	1.87%	-0.21%	-6.96%	-2.66%	-1.16%	-1.33%	2.27%	2.10%
Return on Equity (ROE)	0.93%	4.08%	14.04%	11.11%	0.10%	-16.18%	-3.61%	4.14%	12.33%	21.39%	25.75%
Cash Return on Invested Capital (CROIC)	14.46%	-1.16%	-0.83%	4.88%	4.72%	0.05%	-4.70%	-3.73%	9.86%	12.61%	12.88%
Operating Return on Assets (OROA)	1.74%	3.53%	6.41%	7.81%	0.81%	-8.29%	-0.41%	4.23%	8.28%	15.22%	19.37%
Return on Assets (ROA)	0.40%	1.66%	6.41%	5.39%	0.05%	-7.41%	-1.66%	1.88%	5.88%	11.09%	14.47%
Return on Common Equity (ROCE)	0.93%	4.08%	14.04%	11.11%	0.10%	-16.18%	-3.61%	4.14%	12.33%	21.39%	25.75%
Return on Equity Simple (ROE_SIMPLE)	1.02%	3.92%	12.69%	10.99%	0.10%	-16.49%	-3.69%	4.04%	11.45%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	27	83	223	187	6.22	-174	-17	104	285	420	567
NOPAT Margin	1.50%	4.64%	10.32%	7.84%	0.29%	-11.79%	-0.95%	4.06%	10.32%	14.59%	18.14%
Net Nonoperating Expense Percent (NNEP)	2.98%	6.83%	6.66%	3.80%	0.88%	11.88%	6.70%	7.95%	17.19%	10.02%	10.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	16.26%	19.42%
Cost of Revenue to Revenue	85.89%	83.27%	82.28%	81.31%	84.90%	99.93%	91.84%	86.77%	78.83%	73.29%	69.42%
SG&A Expenses to Revenue	9.58%	9.80%	8.94%	8.55%	9.22%	12.21%	9.51%	8.01%	8.34%	8.45%	8.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.27%	9.80%	8.94%	8.55%	13.94%	16.92%	9.51%	8.01%	9.46%	8.58%	8.11%
Earnings before Interest and Taxes (EBIT)	50	100	189	242	26	-257	-12	127	263	516	710
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	169	218	305	364	150	-133	119	258	397	655	857
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.18	1.27	1.46	1.34	0.74	1.31	0.98	1.93	3.34	7.29	13.76
Price to Tangible Book Value (P/TBV)	1.64	1.75	1.89	1.81	0.96	1.65	1.24	2.39	3.92	8.34	15.35
Price to Revenue (P/Rev)	0.72	0.85	1.01	0.86	0.49	1.24	0.71	1.06	1.97	4.78	9.81
Price to Earnings (P/E)	115.79	32.32	11.54	12.19	708.76	0.00	0.00	47.72	29.15	36.59	57.85
Dividend Yield	3.20%	2.22%	1.55%	1.86%	3.60%	2.10%	2.96%	1.44%	0.91%	0.29%	0.13%
Earnings Yield	0.86%	3.09%	8.66%	8.20%	0.14%	0.00%	0.00%	2.10%	3.43%	2.73%	1.73%
Enterprise Value to Invested Capital (EV/IC)	1.12	1.18	1.35	1.25	0.81	1.24	0.99	1.63	2.79	6.24	12.26
Enterprise Value to Revenue (EV/Rev)	1.01	1.14	1.24	1.08	0.73	1.51	1.00	1.31	2.15	4.91	9.91
Enterprise Value to EBITDA (EV/EBITDA)	10.89	9.45	8.74	7.10	10.63	0.00	15.47	12.97	14.93	21.59	36.12
Enterprise Value to EBIT (EV/EBIT)	37.13	20.58	14.14	10.66	61.46	0.00	0.00	26.38	22.59	27.42	43.61
Enterprise Value to NOPAT (EV/NOPAT)	67.76	24.65	11.97	13.82	255.87	0.00	0.00	32.26	20.83	33.67	54.60
Enterprise Value to Operating Cash Flow (EV/OCF)	7.14	15.79	12.74	11.10	6.87	8.94	307.29	227.20	21.58	32.10	51.15
Enterprise Value to Free Cash Flow (EV/FCFF)	7.27	0.00	0.00	26.15	16.72	2,280.31	0.00	0.00	28.87	51.07	100.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.50	0.37	0.38	0.50	0.50	0.52	0.50	0.43	0.37	0.31
Long-Term Debt to Equity	0.55	0.46	0.37	0.36	0.38	0.50	0.52	0.50	0.43	0.37	0.31
Financial Leverage	0.44	0.46	0.38	0.34	0.36	0.33	0.35	0.44	0.38	0.25	0.16
Leverage Ratio	2.34	2.46	2.19	2.06	2.16	2.18	2.17	2.20	2.10	1.93	1.78
Compound Leverage Factor	1.02	1.73	1.86	1.84	0.51	2.53	11.21	1.26	1.69	1.75	1.65
Debt to Total Capital	35.62%	33.54%	26.86%	27.28%	33.30%	33.28%	34.21%	33.17%	29.88%	26.93%	23.67%
Short-Term Debt to Total Capital	0.00%	3.05%	0.00%	0.94%	7.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.62%	30.49%	26.86%	26.34%	25.46%	33.28%	34.21%	33.17%	29.88%	26.93%	23.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.38%	66.46%	73.14%	72.72%	66.70%	66.72%	65.79%	66.83%	70.12%	73.07%	76.33%
Debt to EBITDA	3.62	2.78	1.79	1.57	4.82	-5.21	5.80	2.69	1.75	1.06	0.81
Net Debt to EBITDA	3.14	2.47	1.60	1.49	3.53	-3.05	4.51	2.52	1.25	0.58	0.35
Long-Term Debt to EBITDA	3.62	2.53	1.79	1.51	3.68	-5.21	5.80	2.69	1.75	1.06	0.81
Debt to NOPAT	22.54	7.25	2.45	3.06	116.02	-3.99	-39.69	6.69	2.44	1.66	1.22
Net Debt to NOPAT	19.52	6.45	2.20	2.91	84.98	-2.34	-30.84	6.26	1.74	0.90	0.52
Long-Term Debt to NOPAT	22.54	6.59	2.45	2.95	88.70	-3.99	-39.69	6.69	2.44	1.66	1.22
Altman Z-Score	2.13	2.22	2.80	2.74	2.04	1.85	1.98	2.83	4.06	7.60	14.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.38	2.76	3.24	2.97	2.80	3.65	2.98	2.79	3.41	3.65	3.81
Quick Ratio	1.12	0.90	1.20	0.99	1.07	1.95	1.43	1.25	1.63	1.84	2.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	253	-20	-15	99	95	0.98	-86	-73	205	277	309
Operating Cash Flow to CapEx	274.41%	135.73%	157.18%	129.18%	135.40%	252.78%	6.73%	17.86%	286.65%	288.03%	249.28%
Free Cash Flow to Firm to Interest Expense	9.02	-0.66	-0.54	3.79	4.81	0.02	-1.69	-1.35	4.03	5.72	5.78
Operating Cash Flow to Interest Expense	9.19	4.37	7.39	8.94	11.71	6.11	0.12	0.27	5.39	9.10	11.33
Operating Cash Flow Less CapEx to Interest Expense	5.84	1.15	2.69	2.02	3.06	3.69	-1.63	-1.25	3.51	5.94	6.78
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.64	0.63	0.73	0.77	0.68	0.48	0.62	0.85	0.87	0.85	0.85
Accounts Receivable Turnover	6.50	6.61	6.45	6.24	6.45	4.91	5.31	5.58	5.05	5.06	4.89
Inventory Turnover	2.43	2.27	2.57	2.62	2.45	2.56	3.66	3.90	3.16	2.76	2.68
Fixed Asset Turnover	1.32	1.35	1.64	1.78	1.52	1.00	1.28	1.82	2.03	2.14	2.19
Accounts Payable Turnover	9.47	8.30	8.54	8.54	10.21	11.06	8.77	8.51	8.03	7.94	7.47
Days Sales Outstanding (DSO)	56.13	55.23	56.58	58.47	56.60	74.33	68.67	65.38	72.34	72.19	74.62
Days Inventory Outstanding (DIO)	150.51	160.83	141.81	139.27	149.02	142.33	99.75	93.67	115.36	132.36	136.05
Days Payable Outstanding (DPO)	38.56	43.98	42.74	42.75	35.77	33.00	41.61	42.90	45.47	45.99	48.88
Cash Conversion Cycle (CCC)	168.08	172.08	155.65	154.98	169.85	183.66	126.82	116.14	142.23	158.56	161.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,634	1,737	1,975	2,063	1,974	1,799	1,868	2,045	2,124	2,267	2,525
Invested Capital Turnover	1.04	1.07	1.16	1.18	1.08	0.78	1.00	1.30	1.32	1.31	1.30
Increase / (Decrease) in Invested Capital	-226	103	238	88	-89	-175	69	177	79	143	258
Enterprise Value (EV)	1,838	2,058	2,665	2,580	1,592	2,235	1,844	3,340	5,931	14,138	30,945
Market Capitalization	1,308	1,519	2,176	2,036	1,063	1,828	1,306	2,691	5,436	13,758	30,648
Book Value per Share	$23.72	$25.64	$31.66	$32.08	$30.24	$28.99	$27.56	$28.76	$32.83	$37.91	$44.83
Tangible Book Value per Share	$17.11	$18.62	$24.59	$23.77	$23.08	$23.06	$21.83	$23.19	$27.94	$33.15	$40.18
Total Capital	1,716	1,804	2,032	2,090	2,168	2,087	2,022	2,089	2,323	2,582	2,918
Total Debt	611	605	546	570	722	695	692	693	694	695	691
Total Long-Term Debt	611	550	546	551	552	695	692	693	694	695	691
Net Debt	529	539	490	543	529	407	538	649	495	380	297
Capital Expenditures (CapEx)	94	96	133	180	171	99	89	82	96	153	243
Debt-free, Cash-free Net Working Capital (DFCFNWC)	630	686	759	813	791	524	590	778	926	966	1,068
Debt-free Net Working Capital (DFNWC)	712	753	816	840	984	811	744	823	1,125	1,281	1,461
Net Working Capital (NWC)	712	698	816	820	814	811	744	823	1,125	1,281	1,461
Net Nonoperating Expense (NNE)	16	36	34	20	4.72	56	32	47	98	44	37
Net Nonoperating Obligations (NNO)	529	539	490	543	529	407	538	649	495	380	297
Total Depreciation and Amortization (D&A)	119	118	117	122	124	124	131	131	135	139	147
Debt-free, Cash-free Net Working Capital to Revenue	34.74%	38.18%	35.19%	34.15%	36.27%	35.49%	32.11%	30.51%	33.55%	33.56%	34.18%
Debt-free Net Working Capital to Revenue	39.26%	41.87%	37.79%	35.29%	45.12%	54.97%	40.51%	32.25%	40.76%	44.52%	46.77%
Net Working Capital to Revenue	39.26%	38.81%	37.79%	34.46%	37.33%	54.97%	40.51%	32.25%	40.76%	44.52%	46.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.99	$3.96	$3.46	$0.02	($4.76)	($1.01)	$1.15	$3.75	$7.50	$10.59
Adjusted Weighted Average Basic Shares Outstanding	48.10M	47M	47.20M	47.70M	48.10M	48.30M	48.50M	48.80M	49.70M	50.20M	50M
Adjusted Diluted Earnings per Share	$0.23	$0.99	$3.92	$3.43	$0.02	($4.76)	($1.01)	$1.14	$3.70	$7.42	$10.52
Adjusted Weighted Average Diluted Shares Outstanding	48.20M	47.10M	47.60M	48.10M	48.20M	48.30M	48.50M	49.20M	50.30M	50.70M	50.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	46.61M	46.76M	47.26M	47.66M	47.95M	48.07M	48.30M	48.85M	49.95M	49.85M	49.56M
Normalized Net Operating Profit after Tax (NOPAT)	43	83	133	187	90	-125	-17	104	312	423	567
Normalized NOPAT Margin	2.38%	4.64%	6.14%	7.84%	4.12%	-8.50%	-0.95%	4.06%	11.31%	14.69%	18.14%
Pre Tax Income Margin	1.19%	3.91%	7.42%	9.07%	0.28%	-20.19%	-3.44%	2.84%	7.67%	16.24%	21.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.77	3.36	6.66	9.31	1.31	-6.28	-0.24	2.34	5.15	10.66	13.29
NOPAT to Interest Expense	0.97	2.80	7.87	7.18	0.31	-4.25	-0.34	1.91	5.58	8.67	10.61
EBIT Less CapEx to Interest Expense	-1.58	0.13	1.96	2.39	-7.34	-8.70	-1.99	0.82	3.27	7.50	8.74
NOPAT Less CapEx to Interest Expense	-2.38	-0.42	3.17	0.26	-8.33	-6.67	-2.09	0.39	3.70	5.52	6.07
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	307.96%	72.55%	18.25%	23.11%	2,586.67%	-17.03%	-79.84%	69.86%	21.45%	10.72%	7.61%
Augmented Payout Ratio	1,404.42%	72.55%	18.25%	23.11%	2,586.67%	-17.03%	-79.84%	69.86%	21.45%	37.82%	41.41%

This table displays calculated financial ratios and metrics derived from Carpenter Technology's official financial filings.

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	49,809,717.00	49,685,612.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	49,809,717.00	49,685,612.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	2.80	3.27
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.79%	-0.75%	5.34%	10.08%	8.44%	6.15%	-5.40%	2.24%	7.55%	11.62%	12.63%
EBITDA Growth	91.35%	-19.80%	45.89%	50.15%	48.92%	196.85%	33.02%	30.55%	26.58%	31.03%	34.26%
EBIT Growth	229.47%	-40.26%	69.97%	74.62%	71.99%	482.61%	41.82%	37.71%	32.82%	38.36%	40.56%
NOPAT Growth	196.71%	55.44%	116.62%	64.52%	76.21%	127.60%	12.71%	36.11%	32.13%	36.74%	34.99%
Net Income Growth	588.71%	-66.13%	143.12%	93.17%	96.96%	1,414.29%	19.34%	44.46%	25.21%	46.33%	45.39%
EPS Growth	553.85%	-68.42%	140.26%	89.77%	95.29%	1,466.67%	19.46%	45.51%	25.90%	47.34%	46.15%
Operating Cash Flow Growth	116.76%	1,841.86%	-3.09%	443.24%	368.28%	-11.14%	52.27%	-2.49%	94.70%	160.78%	-6.97%
Free Cash Flow Firm Growth	70.55%	108.01%	122.61%	95.20%	130.19%	-807.02%	-174.52%	-1,241.74%	-712.85%	112.67%	-339.85%
Invested Capital Growth	4.38%	1.75%	3.88%	4.76%	3.88%	8.51%	6.73%	8.81%	8.62%	5.93%	11.39%
Revenue Q/Q Growth	-4.25%	9.72%	16.62%	-10.15%	-5.67%	7.40%	3.93%	-2.90%	-0.78%	11.47%	4.87%
EBITDA Q/Q Growth	3.77%	-43.91%	145.53%	5.06%	2.92%	11.81%	10.03%	3.11%	-0.21%	15.74%	12.74%
EBIT Q/Q Growth	4.92%	-66.28%	362.61%	6.67%	3.35%	14.24%	12.61%	3.58%	-0.32%	19.00%	14.40%
NOPAT Q/Q Growth	-6.78%	-12.32%	127.99%	-11.72%	-0.15%	13.26%	12.90%	6.60%	-3.07%	17.21%	11.46%
Net Income Q/Q Growth	-2.73%	-85.25%	1,385.71%	-9.40%	-0.83%	13.44%	17.09%	9.67%	-14.04%	32.57%	16.33%
EPS Q/Q Growth	-3.41%	-85.88%	1,441.67%	-9.73%	-0.60%	13.25%	17.55%	9.95%	-13.99%	32.54%	16.61%
Operating Cash Flow Q/Q Growth	95.95%	475.86%	102.99%	-76.28%	68.91%	9.28%	247.84%	-84.81%	237.24%	46.37%	24.08%
Free Cash Flow Firm Q/Q Growth	63.20%	128.57%	171.62%	-116.81%	331.40%	-769.01%	71.37%	-202.72%	-5.69%	113.83%	-1,094.19%
Invested Capital Q/Q Growth	2.90%	-1.04%	-0.89%	3.80%	2.04%	3.37%	-2.51%	5.82%	1.86%	0.80%	2.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.64%	21.46%	23.86%	24.57%	26.22%	27.62%	28.32%	29.49%	29.99%	31.03%	31.61%
EBITDA Margin	16.31%	8.34%	17.55%	20.53%	22.40%	23.32%	24.68%	26.21%	26.36%	27.37%	29.42%
Operating Margin	11.18%	11.08%	13.57%	15.83%	17.57%	18.95%	20.05%	20.89%	21.32%	22.98%	24.32%
EBIT Margin	10.93%	3.36%	13.32%	15.82%	17.33%	18.43%	19.97%	21.30%	21.40%	22.85%	24.92%
Profit (Net Income) Margin	6.84%	0.92%	11.72%	11.82%	12.42%	13.12%	14.78%	16.70%	14.46%	17.20%	19.08%
Tax Burden Percent	77.36%	62.38%	99.57%	83.88%	80.02%	78.20%	80.30%	84.60%	81.00%	79.00%	79.34%
Interest Burden Percent	80.94%	43.91%	88.35%	89.07%	89.60%	91.04%	92.18%	92.64%	83.44%	95.31%	96.51%
Effective Tax Rate	22.64%	37.62%	0.43%	16.12%	19.98%	21.80%	19.70%	15.40%	19.00%	21.00%	20.66%
Return on Invested Capital (ROIC)	11.12%	8.85%	17.89%	17.41%	18.32%	19.37%	21.10%	22.22%	21.67%	22.97%	25.16%
ROIC Less NNEP Spread (ROIC-NNEP)	9.55%	3.06%	15.39%	15.69%	16.52%	17.29%	18.82%	20.82%	17.55%	21.32%	24.62%
Return on Net Nonoperating Assets (RNNOA)	4.94%	1.54%	5.82%	6.19%	6.34%	6.23%	4.68%	6.02%	4.70%	5.20%	4.05%
Return on Equity (ROE)	16.06%	10.38%	23.71%	23.61%	24.67%	25.61%	25.79%	28.24%	26.36%	28.17%	29.22%
Cash Return on Invested Capital (CROIC)	4.78%	8.60%	9.86%	10.26%	12.55%	10.00%	12.61%	11.31%	12.41%	16.14%	12.88%
Operating Return on Assets (OROA)	9.58%	2.91%	11.59%	14.12%	15.38%	16.47%	16.95%	18.52%	18.45%	19.66%	21.26%
Return on Assets (ROA)	6.00%	0.80%	10.19%	10.55%	11.03%	11.72%	12.55%	14.51%	12.47%	14.80%	16.28%
Return on Common Equity (ROCE)	16.06%	10.38%	23.71%	23.61%	24.67%	25.61%	25.79%	28.24%	26.36%	28.17%	29.22%
Return on Equity Simple (ROE_SIMPLE)	9.75%	8.74%	0.00%	13.70%	15.66%	20.09%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	54	47	108	95	95	108	122	130	126	147	164
NOPAT Margin	8.65%	6.91%	13.51%	13.28%	14.06%	14.82%	16.10%	17.68%	17.27%	18.16%	19.30%
Net Nonoperating Expense Percent (NNEP)	1.56%	5.78%	2.51%	1.72%	1.80%	2.09%	2.28%	1.39%	4.12%	1.65%	0.54%
Return On Investment Capital (ROIC_SIMPLE)	2.48%	-	-	-	3.95%	4.35%	4.71%	4.97%	4.70%	5.34%	5.63%
Cost of Revenue to Revenue	80.36%	78.54%	76.14%	75.43%	73.78%	72.38%	71.68%	70.51%	70.01%	68.97%	68.39%
SG&A Expenses to Revenue	8.46%	8.32%	8.18%	8.24%	8.66%	8.67%	8.27%	8.60%	8.67%	8.05%	7.29%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.46%	10.38%	10.29%	8.74%	8.66%	8.67%	8.27%	8.60%	8.67%	8.05%	7.29%
Earnings before Interest and Taxes (EBIT)	68	23	106	114	117	134	151	156	156	185	212
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	102	57	140	147	152	170	187	192	192	222	250
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.35	2.34	3.34	4.79	4.92	5.07	7.29	6.40	7.90	9.49	13.76
Price to Tangible Book Value (P/TBV)	2.87	2.81	3.92	5.61	5.72	5.86	8.34	7.30	8.95	10.69	15.35
Price to Revenue (P/Rev)	1.27	1.29	1.97	2.82	2.94	3.10	4.78	4.23	5.32	6.48	9.81
Price to Earnings (P/E)	24.07	26.79	29.15	35.01	31.44	25.26	36.59	29.56	36.05	40.96	57.85
Dividend Yield	1.14%	1.12%	0.91%	0.50%	0.47%	0.44%	0.29%	0.33%	0.25%	0.20%	0.13%
Earnings Yield	4.16%	3.73%	3.43%	2.86%	3.18%	3.96%	2.73%	3.38%	2.77%	2.44%	1.73%
Enterprise Value to Invested Capital (EV/IC)	1.92	1.94	2.79	3.86	3.99	4.12	6.24	5.30	6.60	8.13	12.26
Enterprise Value to Revenue (EV/Rev)	1.52	1.53	2.15	3.01	3.12	3.28	4.91	4.40	5.48	6.61	9.91
Enterprise Value to EBITDA (EV/EBITDA)	11.30	11.78	14.93	19.05	18.10	15.75	21.59	18.17	21.80	25.25	36.12
Enterprise Value to EBIT (EV/EBIT)	17.71	19.01	22.59	27.34	24.94	20.34	27.42	22.77	27.03	30.87	43.61
Enterprise Value to NOPAT (EV/NOPAT)	21.58	18.96	20.83	26.49	24.88	23.61	33.67	27.98	33.26	38.17	54.60
Enterprise Value to Operating Cash Flow (EV/OCF)	20.64	14.84	21.58	27.64	24.88	27.24	32.10	28.94	32.03	32.13	51.15
Enterprise Value to Free Cash Flow (EV/FCFF)	40.93	22.77	28.87	38.48	32.42	42.88	51.07	48.86	55.42	51.79	100.25
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.48	0.46	0.43	0.42	0.40	0.39	0.37	0.36	0.35	0.33	0.31
Long-Term Debt to Equity	0.47	0.46	0.43	0.42	0.40	0.39	0.37	0.36	0.35	0.33	0.31
Financial Leverage	0.52	0.50	0.38	0.39	0.38	0.36	0.25	0.29	0.27	0.24	0.16
Leverage Ratio	2.22	2.22	2.10	2.05	2.03	1.99	1.93	1.86	1.85	1.83	1.78
Compound Leverage Factor	1.80	0.97	1.85	1.83	1.82	1.81	1.78	1.73	1.54	1.74	1.72
Debt to Total Capital	32.43%	31.59%	29.88%	29.49%	28.81%	28.06%	26.93%	26.69%	25.79%	25.03%	23.67%
Short-Term Debt to Total Capital	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.80%	31.59%	29.88%	29.49%	28.81%	28.06%	26.93%	26.69%	25.79%	25.03%	23.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.57%	68.41%	70.12%	70.51%	71.19%	71.94%	73.07%	73.31%	74.21%	74.97%	76.33%
Debt to EBITDA	1.93	1.97	1.75	1.56	1.40	1.14	1.06	0.99	0.93	0.87	0.81
Net Debt to EBITDA	1.88	1.81	1.25	1.22	1.07	0.89	0.58	0.70	0.62	0.50	0.35
Long-Term Debt to EBITDA	1.89	1.97	1.75	1.56	1.40	1.14	1.06	0.99	0.93	0.87	0.81
Debt to NOPAT	3.68	3.16	2.44	2.16	1.92	1.71	1.66	1.53	1.42	1.32	1.22
Net Debt to NOPAT	3.60	2.92	1.74	1.70	1.48	1.34	0.90	1.07	0.94	0.75	0.52
Long-Term Debt to NOPAT	3.61	3.16	2.44	2.16	1.92	1.71	1.66	1.53	1.42	1.32	1.22
Altman Z-Score	3.09	3.09	3.90	5.03	5.21	5.54	7.26	7.13	8.41	9.53	13.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.90	3.20	3.41	3.84	3.80	3.75	3.65	4.44	4.25	3.73	3.81
Quick Ratio	1.08	1.27	1.63	1.77	1.68	1.70	1.84	2.18	2.02	1.92	2.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-37	11	29	-4.82	11	-75	-21	-65	-68	9.44	-94
Operating Cash Flow to CapEx	57.31%	386.57%	625.46%	149.44%	231.74%	185.04%	455.20%	92.02%	285.53%	281.66%	282.14%
Free Cash Flow to Firm to Interest Expense	-2.84	0.82	2.31	-0.39	0.91	-6.21	-1.81	-5.62	-2.65	1.09	-12.69
Operating Cash Flow to Interest Expense	1.12	6.47	13.67	3.24	5.57	6.18	21.87	3.41	5.12	22.24	32.45
Operating Cash Flow Less CapEx to Interest Expense	-0.83	4.80	11.48	1.07	3.16	2.84	17.07	-0.30	3.33	14.34	20.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.88	0.87	0.87	0.89	0.89	0.89	0.85	0.87	0.86	0.86	0.85
Accounts Receivable Turnover	5.74	5.25	5.05	5.23	5.36	5.20	5.06	4.89	5.04	4.71	4.89
Inventory Turnover	2.98	2.93	3.16	3.01	2.72	2.68	2.76	2.73	2.56	2.56	2.68
Fixed Asset Turnover	1.98	1.99	2.03	2.09	2.14	2.17	2.14	2.14	2.17	2.19	2.19
Accounts Payable Turnover	7.33	7.84	8.03	7.44	7.54	8.15	7.94	8.02	7.80	7.33	7.47
Days Sales Outstanding (DSO)	63.64	69.58	72.34	69.76	68.09	70.25	72.19	74.61	72.45	77.42	74.62
Days Inventory Outstanding (DIO)	122.50	124.60	115.36	121.40	134.35	136.02	132.36	133.77	142.38	142.70	136.05
Days Payable Outstanding (DPO)	49.80	46.58	45.47	49.09	48.43	44.77	45.99	45.49	46.78	49.82	48.88
Cash Conversion Cycle (CCC)	136.34	147.60	142.23	142.07	154.01	161.50	158.56	162.89	168.05	170.30	161.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,166	2,143	2,124	2,205	2,250	2,325	2,267	2,399	2,444	2,463	2,525
Invested Capital Turnover	1.29	1.28	1.32	1.31	1.30	1.31	1.31	1.26	1.25	1.27	1.30
Increase / (Decrease) in Invested Capital	91	37	79	100	84	182	143	194	194	138	258
Enterprise Value (EV)	4,150	4,160	5,931	8,505	8,983	9,582	14,138	12,718	16,134	20,019	30,945
Market Capitalization	3,458	3,520	5,436	7,961	8,451	9,039	13,758	12,230	15,676	19,623	30,648
Book Value per Share	$29.89	$30.41	$32.83	$33.24	$34.44	$35.67	$37.91	$38.34	$39.85	$41.51	$44.83
Tangible Book Value per Share	$24.48	$25.33	$27.94	$28.41	$29.64	$30.90	$33.15	$33.62	$35.16	$36.84	$40.18
Total Capital	2,181	2,197	2,323	2,355	2,412	2,477	2,582	2,607	2,676	2,758	2,918
Total Debt	708	694	694	695	695	695	695	696	690	690	691
Total Long-Term Debt	694	694	694	695	695	695	695	696	690	690	691
Net Debt	692	640	495	544	533	544	380	488	458	396	297
Capital Expenditures (CapEx)	25	22	27	27	29	40	57	43	46	69	85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	923	946	926	1,004	1,046	1,070	966	1,087	1,111	1,095	1,068
Debt-free Net Working Capital (DFNWC)	938	1,000	1,125	1,154	1,208	1,221	1,281	1,295	1,343	1,389	1,461
Net Working Capital (NWC)	925	1,000	1,125	1,154	1,208	1,221	1,281	1,295	1,343	1,389	1,461
Net Nonoperating Expense (NNE)	11	41	14	10	11	12	9.96	7.19	20	7.74	1.82
Net Nonoperating Obligations (NNO)	692	640	495	544	533	544	380	488	458	396	297
Total Depreciation and Amortization (D&A)	34	34	34	34	34	36	36	36	36	37	38
Debt-free, Cash-free Net Working Capital to Revenue	33.87%	34.79%	33.55%	35.53%	36.35%	36.64%	33.56%	37.58%	37.74%	36.14%	34.18%
Debt-free Net Working Capital to Revenue	34.44%	36.76%	40.76%	40.85%	41.98%	41.83%	44.52%	44.77%	45.62%	45.87%	46.77%
Net Working Capital to Revenue	33.93%	36.76%	40.76%	40.85%	41.98%	41.83%	44.52%	44.77%	45.62%	45.87%	46.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.86	$0.12	$1.88	$1.69	$1.68	$1.90	$2.23	$2.45	$2.10	$2.79	$3.25
Adjusted Weighted Average Basic Shares Outstanding	49.70M	49.70M	49.70M	50.10M	50.20M	50.20M	50.20M	50.10M	50.10M	50M	50M
Adjusted Diluted Earnings per Share	$0.85	$0.12	$1.85	$1.67	$1.66	$1.88	$2.21	$2.43	$2.09	$2.77	$3.23
Adjusted Weighted Average Diluted Shares Outstanding	50.20M	50.30M	50.30M	50.70M	50.70M	50.70M	50.70M	50.40M	50.30M	50.30M	50.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.41M	49.61M	49.95M	49.84M	49.95M	49.78M	49.85M	49.82M	49.81M	49.69M	49.56M
Normalized Net Operating Profit after Tax (NOPAT)	54	56	108	98	95	108	122	130	126	147	164
Normalized NOPAT Margin	8.65%	8.20%	13.51%	13.70%	14.06%	14.82%	16.10%	17.68%	17.27%	18.16%	19.30%
Pre Tax Income Margin	8.84%	1.47%	11.77%	14.09%	15.53%	16.78%	18.41%	19.74%	17.86%	21.77%	24.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.25	1.78	8.58	9.15	9.61	11.17	12.79	13.59	6.04	21.31	28.66
NOPAT to Interest Expense	4.15	3.67	8.70	7.68	7.80	8.98	10.31	11.28	4.87	16.94	22.19
EBIT Less CapEx to Interest Expense	3.30	0.11	6.40	6.98	7.21	7.83	7.98	9.89	4.24	13.41	17.16
NOPAT Less CapEx to Interest Expense	2.21	2.00	6.52	5.51	5.40	5.64	5.50	7.57	3.08	9.04	10.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	27.49%	30.29%	21.45%	17.68%	15.03%	11.26%	10.72%	9.74%	9.24%	8.41%	7.61%
Augmented Payout Ratio	27.49%	30.29%	21.45%	17.68%	15.03%	11.26%	37.82%	38.48%	42.08%	41.39%	41.41%

Financials Breakdown Chart

Key Financial Trends

Carpenter Technology’s latest results show a continuation of its strong operating recovery. In Q4 fiscal 2026, revenue reached $851.0 million, up 12.6% from $755.6 million in Q4 fiscal 2025 and nearly 74% above Q3 fiscal 2022. Gross profit increased 25.7% year over year to $269.0 million, lifting the gross margin to approximately 31.6% from 28.3%. Operating income rose 36.6% to $207.0 million, while the operating margin expanded to 24.3%.

Net income increased 45.4% year over year to $162.4 million, and diluted EPS rose to $3.23 from $2.21. The company has improved earnings in each of the reported fiscal 2026 quarters, from $122.5 million in Q1 to $162.4 million in Q4. This represents a substantial improvement from the $6.9 million loss reported in Q1 fiscal 2023 and reflects stronger revenue, gross margins and operating leverage.

Cash generation remains solid, although Carpenter is also investing heavily and returning capital to shareholders. Q4 operating cash flow was $240.1 million, up from $193.5 million in the prior quarter, and the company generated a $98.5 million increase in cash after capital spending and financing activities. However, capital expenditures increased to $85.1 million, while share repurchases totaled $45.2 million. The balance sheet remains financially stable: cash was $294.8 million at March 31, 2026, long-term debt was approximately $690.4 million, and shareholders’ equity reached $2.07 billion.

Revenue momentum: Q4 fiscal 2026 revenue rose 12.6% year over year to $851.0 million, continuing the multiyear recovery from $489.0 million in Q3 fiscal 2022.
Margin expansion: Gross margin improved to approximately 31.6% from 28.3% a year earlier, while operating margin increased to 24.3% from 20.1%.
Accelerating earnings: Q4 net income rose 45.4% year over year to $162.4 million, with diluted EPS increasing to $3.23 from $2.21.
Consistent fiscal 2026 improvement: Quarterly net income increased from $105.3 million in Q2 to $139.6 million in Q3 and $162.4 million in Q4.
Strong operating cash flow: Q4 operating cash flow of $240.1 million exceeded the prior quarter’s $193.5 million, providing funding for investment, dividends and buybacks.
Improved liquidity: Cash increased from $150.2 million in September 2024 to $294.8 million at March 31, 2026, while total liabilities remained broadly stable.
Shareholder returns: Carpenter continued paying a $0.20 quarterly dividend and repurchased $45.2 million of stock in Q4 fiscal 2026.
Capital investment: Capital expenditures rose to $85.1 million in Q4, up from $58.0 million a year earlier. This may support future capacity and growth, but investors will want to monitor the returns generated by these investments.
Working-capital intensity: Accounts receivable increased to $682.0 million and inventories reached $839.2 million at March 31, 2026, tying up significant capital despite improving cash generation.
Debt and buyback commitments: Long-term debt remains near $690 million, while continued repurchases and elevated capital spending could reduce financial flexibility if operating conditions weaken.

08/28/26 09:31 AM ETAI Generated. May Contain Errors.

Carpenter Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Carpenter Technology's financial year ends in June. Their financial year 2026 ended on June 30, 2026.

Carpenter Technology's net income appears to be on an upward trend, with a most recent value of $529.80 million in 2026, rising from $11.30 million in 2016. The previous period was $376 million in 2025. View Carpenter Technology's forecast to see where analysts expect Carpenter Technology to go next.

Carpenter Technology's total operating income in 2026 was $702 million, based on the following breakdown:

Total Gross Profit: $955.50 million
Total Operating Expenses: $253.50 million

Over the last 10 years, Carpenter Technology's total revenue changed from $1.81 billion in 2016 to $3.12 billion in 2026, a change of 72.3%.

Carpenter Technology's total liabilities were at $1.61 billion at the end of 2026, a 0.7% increase from 2025, and a 4.7% decrease since 2016.

In the past 10 years, Carpenter Technology's cash and equivalents has ranged from $27 million in 2019 to $393.30 million in 2026, and is currently $393.30 million as of their latest financial filing in 2026.

Over the last 10 years, Carpenter Technology's book value per share changed from 23.72 in 2016 to 44.83 in 2026, a change of 89.0%.

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Financial statements for NYSE:CRS last updated on 8/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Carpenter Technology (CRS) Financials

Financials Breakdown Chart

Key Financial Trends

Carpenter Technology Financials - Frequently Asked Questions

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Carpenter Technology (CRS) Financials

Annual Income Statements for Carpenter Technology

Quarterly Income Statements for Carpenter Technology

Annual Cash Flow Statements for Carpenter Technology

Quarterly Cash Flow Statements for Carpenter Technology

Annual Balance Sheets for Carpenter Technology

Quarterly Balance Sheets for Carpenter Technology

Annual Metrics And Ratios for Carpenter Technology

Quarterly Metrics And Ratios for Carpenter Technology

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Carpenter Technology Financials - Frequently Asked Questions

When does Carpenter Technology's fiscal year end?

How has Carpenter Technology's net income changed over the last 10 years?

What is Carpenter Technology's operating income?

How has Carpenter Technology's revenue changed over the last 10 years?

How much debt does Carpenter Technology have?

How much cash does Carpenter Technology have?

How has Carpenter Technology's book value per share changed over the last 10 years?

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