Carpenter Technology (CRS) Financials

$421.03 +14.66 (+3.61%)

Closing price 05/20/2026 03:59 PM Eastern

Extended Trading

$415.97 -5.06 (-1.20%)

As of 05/20/2026 08:00 PM Eastern

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
Net Income / (Loss) Attributable to Common Shareholders	59	11	47	189	167	1.50	-230	-49	56	187	376
Consolidated Net Income / (Loss)	59	11	47	189	167	1.50	-230	-49	56	187	376
Net Income / (Loss) Continuing Operations	59	11	47	189	167	1.50	-230	-49	56	187	376
Total Pre-Tax Income	89	22	70	160	216	6.10	-298	-63	73	212	467
Total Operating Income	112	52	125	189	241	25	-249	-25	133	323	522
Total Gross Profit	318	256	301	382	445	329	1.00	150	337	584	769
Total Revenue	2,227	1,813	1,798	2,158	2,380	2,181	1,476	1,836	2,550	2,760	2,877
Operating Revenue	2,227	1,813	1,798	2,158	2,380	2,181	1,476	1,836	2,550	2,760	2,877
Total Cost of Revenue	1,908	1,558	1,497	1,775	1,935	1,852	1,475	1,687	2,213	2,175	2,109
Operating Cost of Revenue	1,908	1,558	1,497	1,775	1,935	1,852	1,475	1,687	2,213	2,175	2,109
Total Operating Expenses	207	204	176	193	203	304	250	175	204	261	247
Selling, General & Admin Expense	178	174	176	193	203	201	180	175	204	230	243
Impairment Charge	0.00	13	-	0.00	0.00	35	53	0.00	0.00	14	0.00
Restructuring Charge	29	18	-	0.00	0.00	69	17	0.00	0.00	17	3.60
Total Other Income / (Expense), net	-22	-30	-55	-29	-25	-19	-49	-38	-61	-112	-55
Interest Expense	28	28	30	28	26	20	41	51	54	51	48
Other Income / (Expense), net	5.30	-2.10	-25	-0.80	0.60	0.60	-8.40	13	-6.50	-61	-6.10
Income Tax Expense	30	10	23	-28	49	4.60	-68	-14	16	25	91
Basic Earnings per Share	$1.11	$0.23	$0.99	$3.96	$3.46	$0.02	($4.76)	($1.01)	$1.15	$3.75	$7.50
Weighted Average Basic Shares Outstanding	52.60M	48.10M	47M	47.20M	47.70M	48.10M	48.30M	48.50M	48.80M	49.70M	50.20M
Diluted Earnings per Share	$1.11	$0.23	$0.99	$3.92	$3.43	$0.02	($4.76)	($1.01)	$1.14	$3.70	$7.42
Weighted Average Diluted Shares Outstanding	52.70M	48.20M	47.10M	47.60M	48.10M	48.20M	48.30M	48.50M	49.20M	50.30M	50.70M
Weighted Average Basic & Diluted Shares Outstanding	52.90M	49.10M	47.50M	47.60M	47.66M	47.95M	48.07M	48.30M	48.85M	49.95M	49.85M
Cash Dividends to Common per Share	$0.72	$0.72	$0.72	$0.72	$0.80	$0.80	$0.80	$0.80	$0.80	$0.80	$0.80

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	44	43	6.30	94	85	84	95	112	123	105	140
Consolidated Net Income / (Loss)	44	43	6.30	94	85	84	95	112	123	105	140
Net Income / (Loss) Continuing Operations	44	43	6.30	94	85	84	95	112	123	105	140
Total Pre-Tax Income	52	55	10	94	101	105	122	139	145	130	177
Total Operating Income	69	70	76	108	114	119	138	152	153	155	187
Total Gross Profit	124	123	147	191	176	178	201	214	216	218	252
Total Revenue	652	624	685	799	718	677	727	756	734	728	812
Operating Revenue	652	624	685	799	718	677	727	756	734	728	812
Total Cost of Revenue	528	502	538	608	541	499	526	542	517	510	560
Operating Cost of Revenue	528	502	538	608	541	499	526	542	517	-	560
Total Operating Expenses	55	53	71	82	63	59	63	63	63	63	65
Selling, General & Admin Expense	55	53	57	65	59	59	63	63	63	63	65
Restructuring Charge	0.00	0.00	0.00	-	3.60	0.00	0.00	-	0.00	0.00	0.00
Total Other Income / (Expense), net	-17	-15	-66	-14	-13	-14	-16	-12	-8.50	-25	-9.80
Interest Expense	13	13	13	12	12	12	12	12	12	26	8.70
Other Income / (Expense), net	-4.00	-1.60	-53	-2.00	-0.10	-1.60	-3.80	-0.60	3.00	0.60	-1.10
Income Tax Expense	8.40	13	3.80	0.40	16	21	27	27	22	25	37
Basic Earnings per Share	$0.89	$0.86	$0.12	$1.88	$1.69	$1.68	$1.90	$2.23	$2.45	$2.10	$2.79
Weighted Average Basic Shares Outstanding	49.20M	49.70M	49.70M	49.70M	50.10M	50.20M	50.20M	50.20M	50.10M	50.10M	50M
Diluted Earnings per Share	$0.88	$0.85	$0.12	$1.85	$1.67	$1.66	$1.88	$2.21	$2.43	$2.09	$2.77
Weighted Average Diluted Shares Outstanding	49.90M	50.20M	50.30M	50.30M	50.70M	50.70M	50.70M	50.70M	50.40M	50.30M	50.30M
Weighted Average Basic & Diluted Shares Outstanding	49.31M	49.41M	49.61M	49.95M	49.84M	49.95M	49.78M	49.85M	49.82M	49.81M	49.69M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	-	$0.20	$0.20	$0.20

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
Net Change in Cash & Equivalents	-50	12	-16	-10	-29	166	94	-133	-110	155	116
Net Cash From Operating Activities	283	257	130	209	232	232	250	6.00	15	275	440
Net Cash From Continuing Operating Activities	283	257	130	209	232	232	250	6.00	15	275	440
Net Income / (Loss) Continuing Operations	59	11	47	189	167	1.50	-230	-49	56	187	376
Consolidated Net Income / (Loss)	59	11	47	189	167	1.50	-230	-49	56	187	376
Depreciation Expense	122	119	118	117	122	124	124	131	131	135	139
Non-Cash Adjustments To Reconcile Net Income	58	102	64	31	16	145	166	9.80	36	128	49
Changes in Operating Assets and Liabilities, net	43	25	-98	-127	-72	-39	190	-86	-208	-174	-123
Net Cash From Investing Activities	-170	-83	-112	-139	-245	-171	-79	-89	-82	-96	-153
Net Cash From Continuing Investing Activities	-170	-83	-112	-139	-245	-171	-79	-89	-82	-96	-153
Purchase of Property, Plant & Equipment	-171	-95	-99	-135	-180	-171	-101	-91	-82	-97	-154
Sale of Property, Plant & Equipment	0.20	1.40	2.50	1.90	0.40	0.20	1.60	2.20	0.00	0.70	1.40
Net Cash From Financing Activities	-159	-164	-34	-79	-19	108	-76	-53	-40	-23	-167
Net Cash From Continuing Financing Activities	-159	-164	-34	-79	-19	108	-76	-53	-40	-23	-167
Repayment of Debt	-545	-82	-124	-55	-164	-181	-261	-307	-186	-63	0.00
Repurchase of Common Equity	-125	-124	-	-	-	-	-	-	0.00	0.00	-102
Payment of Dividends	-38	-35	-34	-34	-39	-39	-39	-39	-39	-40	-40
Issuance of Debt	545	77	122	0.00	184	331	226	297	184	63	0.00
Other Financing Activities, net	3.00	0.00	1.70	11	-0.50	-3.70	-1.80	-3.40	1.20	17	-25
Effect of Exchange Rate Changes	-3.20	0.80	-	-1.00	-	-	-0.70	-	-2.00	-	-4.00

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	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-26	-2.40	38	146	-49	12	-11	164	-108	24	63
Net Cash From Operating Activities	7.40	15	84	170	40	68	74	258	39	132	194
Net Cash From Continuing Operating Activities	7.40	15	84	170	40	68	74	258	39	132	194
Net Income / (Loss) Continuing Operations	44	43	6.30	94	85	84	95	112	123	105	140
Consolidated Net Income / (Loss)	44	43	6.30	94	85	84	95	112	123	105	140
Depreciation Expense	33	34	34	34	34	34	36	36	36	36	37
Non-Cash Adjustments To Reconcile Net Income	11	10	79	28	13	11	12	13	8.60	25	9.50
Changes in Operating Assets and Liabilities, net	-80	-72	-35	14	-91	-61	-69	98	-128	-34	7.70
Net Cash From Investing Activities	-22	-25	-22	-27	-27	-29	-40	-57	-43	-46	-69
Net Cash From Continuing Investing Activities	-22	-25	-22	-27	-27	-29	-40	-57	-43	-46	-69
Purchase of Property, Plant & Equipment	-22	-25	-22	-28	-27	-29	-40	-58	-43	-46	-69
Net Cash From Financing Activities	-13	8.40	-24	5.00	-61	-28	-44	-35	-104	-63	-63
Net Cash From Continuing Financing Activities	-13	8.40	-24	5.00	-61	-28	-44	-35	-104	-63	-63
Repurchase of Common Equity	0.00	-	-	-	-32	-8.20	-38	-24	-49	-32	-53
Payment of Dividends	-9.90	-9.90	-10	-10	-10	-10	-10	-10	-10	-10	-10

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
Total Assets	2,903	2,794	2,878	3,007	3,188	3,227	2,971	2,932	3,054	3,292	3,487
Total Current Assets	1,070	1,011	1,094	1,179	1,236	1,266	1,117	1,119	1,282	1,591	1,765
Cash & Equivalents	70	82	66	56	27	193	287	154	45	199	316
Accounts Receivable	304	254	290	379	384	292	309	382	531	563	576
Inventories, net	656	629	690	689	788	724	426	496	640	735	794
Other Current Assets	37	46	47	55	37	57	96	87	66	94	80
Plant, Property, & Equipment, net	1,397	1,351	1,317	1,313	1,366	1,498	1,458	1,421	1,384	1,335	1,359
Total Noncurrent Assets	435	432	468	515	585	463	396	392	388	365	363
Goodwill	257	245	263	269	326	290	241	241	241	227	227
Intangible Assets	72	63	65	63	67	52	43	35	29	15	9.50
Noncurrent Deferred & Refundable Income Taxes	0.00	8.20	7.60	4.30	4.20	4.90	5.30	5.70	6.60	7.50	7.80
Other Noncurrent Operating Assets	106	116	132	179	188	115	107	110	112	115	118
Total Liabilities & Shareholders' Equity	2,903	2,794	2,878	3,007	3,188	3,227	2,971	2,932	3,054	3,292	3,487
Total Liabilities	1,577	1,689	1,680	1,521	1,668	1,782	1,579	1,602	1,658	1,663	1,600
Total Current Liabilities	322	299	396	363	416	452	306	376	459	466	484
Accounts Payable	170	160	201	215	239	124	142	242	278	264	267
Accrued Expenses	153	139	140	149	158	158	164	134	181	202	216
Total Noncurrent Liabilities	1,255	1,391	1,284	1,158	1,252	1,329	1,273	1,226	1,198	1,197	1,116
Long-Term Debt	604	611	550	546	551	552	695	692	693	694	695
Noncurrent Deferred & Payable Income Tax Liabilities	147	102	185	162	143	130	157	162	170	174	163
Noncurrent Employee Benefit Liabilities	445	626	501	397	493	537	321	274	236	229	159
Other Noncurrent Operating Liabilities	59	51	48	54	65	111	100	98	99	100	99
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	1,326	1,105	1,199	1,486	1,520	1,446	1,392	1,331	1,396	1,629	1,887
Total Preferred & Common Equity	1,326	1,105	1,199	1,486	1,520	1,446	1,392	1,331	1,396	1,629	1,887
Total Common Equity	1,326	1,105	1,199	1,486	1,520	1,446	1,392	1,331	1,396	1,629	1,887
Common Stock	543	550	562	589	599	602	603	600	609	638	641
Retained Earnings	1,332	1,309	1,322	1,476	1,605	1,568	1,299	1,211	1,228	1,375	1,710
Treasury Stock	-221	-344	-342	-339	-333	-326	-317	-307	-298	-289	-396
Accumulated Other Comprehensive Income / (Loss)	-328	-410	-343	-240	-352	-398	-192	-174	-143	-94	-68

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2015	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.47%	-18.56%	-0.87%	20.03%	10.31%	-8.36%	-32.35%	24.44%	38.88%	8.21%	4.25%
EBITDA Growth	-26.50%	-29.40%	29.03%	40.08%	19.14%	-58.79%	-189.05%	189.36%	116.11%	54.19%	64.88%
EBIT Growth	-45.27%	-57.62%	102.02%	88.50%	28.38%	-89.30%	-1,092.28%	95.25%	1,137.70%	107.43%	96.38%
NOPAT Growth	-48.76%	-63.08%	207.85%	166.79%	-16.21%	-96.67%	-2,897.16%	89.98%	694.05%	175.03%	47.43%
Net Income Growth	-55.80%	-80.75%	315.93%	301.06%	-11.41%	-99.10%	-15,406.67%	78.62%	214.87%	230.67%	101.61%
EPS Growth	-55.06%	-79.28%	330.43%	295.96%	-12.50%	-99.42%	-23,900.00%	78.78%	212.87%	224.56%	100.54%
Operating Cash Flow Growth	17.95%	-8.92%	-49.38%	60.55%	11.09%	-0.26%	7.85%	-97.60%	145.00%	1,770.07%	60.20%
Free Cash Flow Firm Growth	203.53%	24.84%	-107.76%	21.68%	742.20%	-3.46%	-98.97%	-8,888.78%	15.29%	381.64%	34.74%
Invested Capital Growth	-6.48%	-12.13%	6.31%	13.71%	4.45%	-4.31%	-8.86%	3.82%	9.45%	3.88%	6.73%
Revenue Q/Q Growth	-2.05%	-5.24%	2.86%	5.39%	1.00%	-8.56%	-1.05%	8.39%	8.26%	1.49%	-1.48%
EBITDA Q/Q Growth	-7.86%	-6.27%	7.24%	5.10%	2.65%	-58.50%	35.87%	405.08%	17.52%	12.49%	7.61%
EBIT Q/Q Growth	-14.93%	-16.10%	17.65%	8.27%	3.51%	-89.13%	22.43%	88.59%	42.57%	20.02%	9.44%
NOPAT Q/Q Growth	-16.90%	-27.59%	55.58%	-6.52%	2.84%	-96.69%	23.74%	79.30%	56.11%	29.75%	3.46%
Net Income Q/Q Growth	-21.00%	-40.53%	29.48%	10.11%	3.79%	-99.11%	21.07%	54.87%	175.12%	41.93%	5.06%
EPS Q/Q Growth	-18.98%	-32.35%	25.32%	9.80%	3.63%	-99.42%	20.93%	55.31%	159.09%	41.22%	5.10%
Operating Cash Flow Q/Q Growth	15.82%	-5.16%	-16.74%	13.26%	32.27%	-14.18%	-19.95%	122.73%	127.63%	-1.93%	25.18%
Free Cash Flow Firm Q/Q Growth	285.51%	16.87%	-121.35%	-120.21%	191.66%	-38.37%	-99.48%	56.28%	23.82%	12.48%	23.87%
Invested Capital Q/Q Growth	-6.09%	-9.29%	-1.47%	2.59%	-6.83%	-12.17%	-1.74%	-3.91%	-2.92%	-0.89%	-2.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.29%	14.11%	16.73%	17.72%	18.69%	15.10%	0.07%	8.16%	13.23%	21.17%	26.71%
EBITDA Margin	10.74%	9.31%	12.12%	14.14%	15.27%	6.87%	-9.04%	6.49%	10.10%	14.39%	22.76%
Operating Margin	5.01%	2.85%	6.94%	8.77%	10.14%	1.16%	-16.85%	-1.36%	5.22%	11.71%	18.14%
EBIT Margin	5.25%	2.73%	5.56%	8.74%	10.17%	1.19%	-17.42%	-0.66%	4.96%	9.52%	17.92%
Profit (Net Income) Margin	2.64%	0.62%	2.61%	8.74%	7.02%	0.07%	-15.56%	-2.67%	2.21%	6.76%	13.07%
Tax Burden Percent	65.88%	52.56%	66.95%	117.67%	77.31%	24.59%	77.07%	77.81%	77.79%	88.14%	80.46%
Interest Burden Percent	76.28%	43.43%	70.20%	84.99%	89.26%	23.55%	115.91%	517.21%	57.27%	80.58%	90.61%
Effective Tax Rate	34.12%	47.44%	33.05%	-17.67%	22.69%	75.41%	0.00%	0.00%	22.21%	11.86%	19.54%
Return on Invested Capital (ROIC)	3.82%	1.55%	4.95%	12.00%	9.24%	0.31%	-9.22%	-0.95%	5.29%	13.66%	19.12%
ROIC Less NNEP Spread (ROIC-NNEP)	0.92%	-1.42%	-1.88%	5.34%	5.44%	-0.57%	-21.10%	-7.66%	-2.66%	-3.52%	9.10%
Return on Net Nonoperating Assets (RNNOA)	0.33%	-0.62%	-0.87%	2.04%	1.87%	-0.21%	-6.96%	-2.66%	-1.16%	-1.33%	2.27%
Return on Equity (ROE)	4.15%	0.93%	4.08%	14.04%	11.11%	0.10%	-16.18%	-3.61%	4.14%	12.33%	21.39%
Cash Return on Invested Capital (CROIC)	10.52%	14.46%	-1.16%	-0.83%	4.88%	4.72%	0.05%	-4.70%	-3.73%	9.86%	12.61%
Operating Return on Assets (OROA)	3.92%	1.74%	3.53%	6.41%	7.81%	0.81%	-8.29%	-0.41%	4.23%	8.28%	15.22%
Return on Assets (ROA)	1.97%	0.40%	1.66%	6.41%	5.39%	0.05%	-7.41%	-1.66%	1.88%	5.88%	11.09%
Return on Common Equity (ROCE)	4.15%	0.93%	4.08%	14.04%	11.11%	0.10%	-16.18%	-3.61%	4.14%	12.33%	21.39%
Return on Equity Simple (ROE_SIMPLE)	4.43%	1.02%	3.92%	12.69%	10.99%	0.10%	-16.49%	-3.69%	4.04%	11.45%	0.00%
Net Operating Profit after Tax (NOPAT)	73	27	83	223	187	6.22	-174	-17	104	285	420
NOPAT Margin	3.30%	1.50%	4.64%	10.32%	7.84%	0.29%	-11.79%	-0.95%	4.06%	10.32%	14.59%
Net Nonoperating Expense Percent (NNEP)	2.90%	2.98%	6.83%	6.66%	3.80%	0.88%	11.88%	6.70%	7.95%	17.19%	10.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	16.26%
Cost of Revenue to Revenue	85.71%	85.89%	83.27%	82.28%	81.31%	84.90%	99.93%	91.84%	86.77%	78.83%	73.29%
SG&A Expenses to Revenue	7.98%	9.58%	9.80%	8.94%	8.55%	9.22%	12.21%	9.51%	8.01%	8.34%	8.45%
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	9.29%	11.27%	9.80%	8.94%	8.55%	13.94%	16.92%	9.51%	8.01%	9.46%	8.58%
Earnings before Interest and Taxes (EBIT)	117	50	100	189	242	26	-257	-12	127	263	516
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	239	169	218	305	364	150	-133	119	258	397	655
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.23	1.18	1.27	1.46	1.34	0.74	1.31	0.98	1.93	3.34	7.29
Price to Tangible Book Value (P/TBV)	1.63	1.64	1.75	1.89	1.81	0.96	1.65	1.24	2.39	3.92	8.34
Price to Revenue (P/Rev)	0.73	0.72	0.85	1.01	0.86	0.49	1.24	0.71	1.06	1.97	4.78
Price to Earnings (P/E)	27.73	115.79	32.32	11.54	12.19	708.76	0.00	0.00	47.72	29.15	36.59
Dividend Yield	2.23%	3.20%	2.22%	1.55%	1.86%	3.60%	2.10%	2.96%	1.44%	0.91%	0.29%
Earnings Yield	3.61%	0.86%	3.09%	8.66%	8.20%	0.14%	0.00%	0.00%	2.10%	3.43%	2.73%
Enterprise Value to Invested Capital (EV/IC)	1.16	1.12	1.18	1.35	1.25	0.81	1.24	0.99	1.63	2.79	6.24
Enterprise Value to Revenue (EV/Rev)	0.97	1.01	1.14	1.24	1.08	0.73	1.51	1.00	1.31	2.15	4.91
Enterprise Value to EBITDA (EV/EBITDA)	9.04	10.89	9.45	8.74	7.10	10.63	0.00	15.47	12.97	14.93	21.59
Enterprise Value to EBIT (EV/EBIT)	18.51	37.13	20.58	14.14	10.66	61.46	0.00	0.00	26.38	22.59	27.42
Enterprise Value to NOPAT (EV/NOPAT)	29.43	67.76	24.65	11.97	13.82	255.87	0.00	0.00	32.26	20.83	33.67
Enterprise Value to Operating Cash Flow (EV/OCF)	7.65	7.14	15.79	12.74	11.10	6.87	8.94	307.29	227.20	21.58	32.10
Enterprise Value to Free Cash Flow (EV/FCFF)	10.68	7.27	0.00	0.00	26.15	16.72	2,280.31	0.00	0.00	28.87	51.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.55	0.50	0.37	0.38	0.50	0.50	0.52	0.50	0.43	0.37
Long-Term Debt to Equity	0.46	0.55	0.46	0.37	0.36	0.38	0.50	0.52	0.50	0.43	0.37
Financial Leverage	0.36	0.44	0.46	0.38	0.34	0.36	0.33	0.35	0.44	0.38	0.25
Leverage Ratio	2.11	2.34	2.46	2.19	2.06	2.16	2.18	2.17	2.20	2.10	1.93
Compound Leverage Factor	1.61	1.02	1.73	1.86	1.84	0.51	2.53	11.21	1.26	1.69	1.75
Debt to Total Capital	31.29%	35.62%	33.54%	26.86%	27.28%	33.30%	33.28%	34.21%	33.17%	29.88%	26.93%
Short-Term Debt to Total Capital	0.00%	0.00%	3.05%	0.00%	0.94%	7.84%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.29%	35.62%	30.49%	26.86%	26.34%	25.46%	33.28%	34.21%	33.17%	29.88%	26.93%
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	68.71%	64.38%	66.46%	73.14%	72.72%	66.70%	66.72%	65.79%	66.83%	70.12%	73.07%
Debt to EBITDA	2.53	3.62	2.78	1.79	1.57	4.82	-5.21	5.80	2.69	1.75	1.06
Net Debt to EBITDA	2.23	3.14	2.47	1.60	1.49	3.53	-3.05	4.51	2.52	1.25	0.58
Long-Term Debt to EBITDA	2.53	3.62	2.53	1.79	1.51	3.68	-5.21	5.80	2.69	1.75	1.06
Debt to NOPAT	8.22	22.54	7.25	2.45	3.06	116.02	-3.99	-39.69	6.69	2.44	1.66
Net Debt to NOPAT	7.27	19.52	6.45	2.20	2.91	84.98	-2.34	-30.84	6.26	1.74	0.90
Long-Term Debt to NOPAT	8.22	22.54	6.59	2.45	2.95	88.70	-3.99	-39.69	6.69	2.44	1.66
Altman Z-Score	2.47	2.13	2.22	2.80	2.74	2.04	1.85	1.98	2.83	4.06	7.60
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	3.32	3.38	2.76	3.24	2.97	2.80	3.65	2.98	2.79	3.41	3.65
Quick Ratio	1.16	1.12	0.90	1.20	0.99	1.07	1.95	1.43	1.25	1.63	1.84
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	202	253	-20	-15	99	95	0.98	-86	-73	205	277
Operating Cash Flow to CapEx	165.94%	274.41%	135.73%	157.18%	129.18%	135.40%	252.78%	6.73%	17.86%	286.65%	288.03%
Free Cash Flow to Firm to Interest Expense	7.31	9.02	-0.66	-0.54	3.79	4.81	0.02	-1.69	-1.35	4.03	5.72
Operating Cash Flow to Interest Expense	10.20	9.19	4.37	7.39	8.94	11.71	6.11	0.12	0.27	5.39	9.10
Operating Cash Flow Less CapEx to Interest Expense	4.05	5.84	1.15	2.69	2.02	3.06	3.69	-1.63	-1.25	3.51	5.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.64	0.63	0.73	0.77	0.68	0.48	0.62	0.85	0.87	0.85
Accounts Receivable Turnover	6.92	6.50	6.61	6.45	6.24	6.45	4.91	5.31	5.58	5.05	5.06
Inventory Turnover	2.82	2.43	2.27	2.57	2.62	2.45	2.56	3.66	3.90	3.16	2.76
Fixed Asset Turnover	1.59	1.32	1.35	1.64	1.78	1.52	1.00	1.28	1.82	2.03	2.14
Accounts Payable Turnover	8.53	9.47	8.30	8.54	8.54	10.21	11.06	8.77	8.51	8.03	7.94
Days Sales Outstanding (DSO)	52.76	56.13	55.23	56.58	58.47	56.60	74.33	68.67	65.38	72.34	72.19
Days Inventory Outstanding (DIO)	129.58	150.51	160.83	141.81	139.27	149.02	142.33	99.75	93.67	115.36	132.36
Days Payable Outstanding (DPO)	42.80	38.56	43.98	42.74	42.75	35.77	33.00	41.61	42.90	45.47	45.99
Cash Conversion Cycle (CCC)	139.53	168.08	172.08	155.65	154.98	169.85	183.66	126.82	116.14	142.23	158.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,860	1,634	1,737	1,975	2,063	1,974	1,799	1,868	2,045	2,124	2,267
Invested Capital Turnover	1.16	1.04	1.07	1.16	1.18	1.08	0.78	1.00	1.30	1.32	1.31
Increase / (Decrease) in Invested Capital	-129	-226	103	238	88	-89	-175	69	177	79	143
Enterprise Value (EV)	2,162	1,838	2,058	2,665	2,580	1,592	2,235	1,844	3,340	5,931	14,138
Market Capitalization	1,628	1,308	1,519	2,176	2,036	1,063	1,828	1,306	2,691	5,436	13,758
Book Value per Share	$26.31	$23.72	$25.64	$31.66	$32.08	$30.24	$28.99	$27.56	$28.76	$32.83	$37.91
Tangible Book Value per Share	$19.78	$17.11	$18.62	$24.59	$23.77	$23.08	$23.06	$21.83	$23.19	$27.94	$33.15
Total Capital	1,930	1,716	1,804	2,032	2,090	2,168	2,087	2,022	2,089	2,323	2,582
Total Debt	604	611	605	546	570	722	695	692	693	694	695
Total Long-Term Debt	604	611	550	546	551	552	695	692	693	694	695
Net Debt	534	529	539	490	543	529	407	538	649	495	380
Capital Expenditures (CapEx)	170	94	96	133	180	171	99	89	82	96	153
Debt-free, Cash-free Net Working Capital (DFCFNWC)	678	630	686	759	813	791	524	590	778	926	966
Debt-free Net Working Capital (DFNWC)	748	712	753	816	840	984	811	744	823	1,125	1,281
Net Working Capital (NWC)	748	712	698	816	820	814	811	744	823	1,125	1,281
Net Nonoperating Expense (NNE)	15	16	36	34	20	4.72	56	32	47	98	44
Net Nonoperating Obligations (NNO)	534	529	539	490	543	529	407	538	649	495	380
Total Depreciation and Amortization (D&A)	122	119	118	117	122	124	124	131	131	135	139
Debt-free, Cash-free Net Working Capital to Revenue	30.46%	34.74%	38.18%	35.19%	34.15%	36.27%	35.49%	32.11%	30.51%	33.55%	33.56%
Debt-free Net Working Capital to Revenue	33.61%	39.26%	41.87%	37.79%	35.29%	45.12%	54.97%	40.51%	32.25%	40.76%	44.52%
Net Working Capital to Revenue	33.61%	39.26%	38.81%	37.79%	34.46%	37.33%	54.97%	40.51%	32.25%	40.76%	44.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.11	$0.23	$0.99	$3.96	$3.46	$0.02	($4.76)	($1.01)	$1.15	$3.75	$7.50
Adjusted Weighted Average Basic Shares Outstanding	52.60M	48.10M	47M	47.20M	47.70M	48.10M	48.30M	48.50M	48.80M	49.70M	50.20M
Adjusted Diluted Earnings per Share	$1.11	$0.23	$0.99	$3.92	$3.43	$0.02	($4.76)	($1.01)	$1.14	$3.70	$7.42
Adjusted Weighted Average Diluted Shares Outstanding	52.70M	48.20M	47.10M	47.60M	48.10M	48.20M	48.30M	48.50M	49.20M	50.30M	50.70M
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	49.54M	46.61M	46.76M	47.26M	47.66M	47.95M	48.07M	48.30M	48.85M	49.95M	49.85M
Normalized Net Operating Profit after Tax (NOPAT)	93	43	83	133	187	90	-125	-17	104	312	423
Normalized NOPAT Margin	4.16%	2.38%	4.64%	6.14%	7.84%	4.12%	-8.50%	-0.95%	4.06%	11.31%	14.69%
Pre Tax Income Margin	4.00%	1.19%	3.91%	7.42%	9.07%	0.28%	-20.19%	-3.44%	2.84%	7.67%	16.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.22	1.77	3.36	6.66	9.31	1.31	-6.28	-0.24	2.34	5.15	10.66
NOPAT to Interest Expense	2.65	0.97	2.80	7.87	7.18	0.31	-4.25	-0.34	1.91	5.58	8.67
EBIT Less CapEx to Interest Expense	-1.93	-1.58	0.13	1.96	2.39	-7.34	-8.70	-1.99	0.82	3.27	7.50
NOPAT Less CapEx to Interest Expense	-3.50	-2.38	-0.42	3.17	0.26	-8.33	-6.67	-2.09	0.39	3.70	5.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	64.57%	307.96%	72.55%	18.25%	23.11%	2,586.67%	-17.03%	-79.84%	69.86%	21.45%	10.72%
Augmented Payout Ratio	276.66%	1,404.42%	72.55%	18.25%	23.11%	2,586.67%	-17.03%	-79.84%	69.86%	21.45%	37.82%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,809,717.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,809,717.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.80
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.67%	7.79%	-0.75%	5.34%	10.08%	8.44%	6.15%	-5.40%	2.24%	7.55%	11.62%
EBITDA Growth	164.42%	91.35%	-19.80%	45.89%	50.15%	48.92%	196.85%	33.02%	30.55%	26.58%	31.03%
EBIT Growth	1,254.17%	229.47%	-40.26%	69.97%	74.62%	71.99%	482.61%	41.82%	37.71%	32.82%	38.36%
NOPAT Growth	896.86%	196.71%	55.44%	116.62%	64.52%	76.21%	127.60%	12.71%	36.11%	32.13%	36.74%
Net Income Growth	736.23%	588.71%	-66.13%	143.12%	93.17%	96.96%	1,414.29%	19.34%	44.46%	25.21%	46.33%
EPS Growth	728.57%	553.85%	-68.42%	140.26%	89.77%	95.29%	1,466.67%	19.46%	45.51%	25.90%	47.34%
Operating Cash Flow Growth	109.49%	116.76%	1,841.86%	-3.09%	443.24%	368.28%	-11.14%	52.27%	-2.49%	94.70%	160.78%
Free Cash Flow Firm Growth	-9.85%	70.55%	108.01%	122.61%	95.20%	130.19%	-807.02%	-174.52%	-1,241.74%	-712.85%	112.67%
Invested Capital Growth	8.13%	4.38%	1.75%	3.88%	4.76%	3.88%	8.51%	6.73%	8.81%	8.62%	5.93%
Revenue Q/Q Growth	-14.02%	-4.25%	9.72%	16.62%	-10.15%	-5.67%	7.40%	3.93%	-2.90%	-0.78%	11.47%
EBITDA Q/Q Growth	2.08%	3.77%	-43.91%	145.53%	5.06%	2.92%	11.81%	10.03%	3.11%	-0.21%	15.74%
EBIT Q/Q Growth	3.83%	4.92%	-66.28%	362.61%	6.67%	3.35%	14.24%	12.61%	3.58%	-0.32%	19.00%
NOPAT Q/Q Growth	16.24%	-6.78%	-12.32%	127.99%	-11.72%	-0.15%	13.26%	12.90%	6.60%	-3.07%	17.21%
Net Income Q/Q Growth	14.03%	-2.73%	-85.25%	1,385.71%	-9.40%	-0.83%	13.44%	17.09%	9.67%	-14.04%	32.57%
EPS Q/Q Growth	14.29%	-3.41%	-85.88%	1,441.67%	-9.73%	-0.60%	13.25%	17.55%	9.95%	-13.99%	32.54%
Operating Cash Flow Q/Q Growth	-95.77%	95.95%	475.86%	102.99%	-76.28%	68.91%	9.28%	247.84%	-84.81%	237.24%	46.37%
Free Cash Flow Firm Q/Q Growth	20.83%	63.20%	128.57%	171.62%	-116.81%	331.40%	-769.01%	71.37%	-202.72%	-5.69%	113.83%
Invested Capital Q/Q Growth	2.93%	2.90%	-1.04%	-0.89%	3.80%	2.04%	3.37%	-2.51%	5.82%	1.86%	0.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.04%	19.64%	21.46%	23.86%	24.57%	26.22%	27.62%	28.32%	29.49%	29.99%	31.03%
EBITDA Margin	15.05%	16.31%	8.34%	17.55%	20.53%	22.40%	23.32%	24.68%	26.21%	26.36%	27.37%
Operating Margin	10.58%	11.18%	11.08%	13.57%	15.83%	17.57%	18.95%	20.05%	20.89%	21.32%	22.98%
EBIT Margin	9.97%	10.93%	3.36%	13.32%	15.82%	17.33%	18.43%	19.97%	21.30%	21.40%	22.85%
Profit (Net Income) Margin	6.73%	6.84%	0.92%	11.72%	11.82%	12.42%	13.12%	14.78%	16.70%	14.46%	17.20%
Tax Burden Percent	83.94%	77.36%	62.38%	99.57%	83.88%	80.02%	78.20%	80.30%	84.60%	81.00%	79.00%
Interest Burden Percent	80.46%	80.94%	43.91%	88.35%	89.07%	89.60%	91.04%	92.18%	92.64%	83.44%	95.31%
Effective Tax Rate	16.06%	22.64%	37.62%	0.43%	16.12%	19.98%	21.80%	19.70%	15.40%	19.00%	21.00%
Return on Invested Capital (ROIC)	11.75%	11.12%	8.85%	17.89%	17.41%	18.32%	19.37%	21.10%	22.22%	21.67%	22.97%
ROIC Less NNEP Spread (ROIC-NNEP)	9.62%	9.55%	3.06%	15.39%	15.69%	16.52%	17.29%	18.82%	20.82%	17.55%	21.32%
Return on Net Nonoperating Assets (RNNOA)	4.62%	4.94%	1.54%	5.82%	6.19%	6.34%	6.23%	4.68%	6.02%	4.70%	5.20%
Return on Equity (ROE)	16.38%	16.06%	10.38%	23.71%	23.61%	24.67%	25.61%	25.79%	28.24%	26.36%	28.17%
Cash Return on Invested Capital (CROIC)	-0.08%	4.78%	8.60%	9.86%	10.26%	12.55%	10.00%	12.61%	11.31%	12.41%	16.14%
Operating Return on Assets (OROA)	8.88%	9.58%	2.91%	11.59%	14.12%	15.38%	16.47%	16.95%	18.52%	18.45%	19.66%
Return on Assets (ROA)	6.00%	6.00%	0.80%	10.19%	10.55%	11.03%	11.72%	12.55%	14.51%	12.47%	14.80%
Return on Common Equity (ROCE)	16.38%	16.06%	10.38%	23.71%	23.61%	24.67%	25.61%	25.79%	28.24%	26.36%	28.17%
Return on Equity Simple (ROE_SIMPLE)	7.50%	9.75%	8.74%	0.00%	13.70%	15.66%	20.09%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	58	54	47	108	95	95	108	122	130	126	147
NOPAT Margin	8.88%	8.65%	6.91%	13.51%	13.28%	14.06%	14.82%	16.10%	17.68%	17.27%	18.16%
Net Nonoperating Expense Percent (NNEP)	2.13%	1.56%	5.78%	2.51%	1.72%	1.80%	2.09%	2.28%	1.39%	4.12%	1.65%
Return On Investment Capital (ROIC_SIMPLE)	-	2.48%	-	-	-	3.95%	4.35%	4.71%	4.97%	4.70%	5.34%
Cost of Revenue to Revenue	80.96%	80.36%	78.54%	76.14%	75.43%	73.78%	72.38%	71.68%	70.51%	70.01%	68.97%
SG&A Expenses to Revenue	8.45%	8.46%	8.32%	8.18%	8.24%	8.66%	8.67%	8.27%	8.60%	8.67%	8.05%
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	8.45%	8.46%	10.38%	10.29%	8.74%	8.66%	8.67%	8.27%	8.60%	8.67%	8.05%
Earnings before Interest and Taxes (EBIT)	65	68	23	106	114	117	134	151	156	156	185
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	98	102	57	140	147	152	170	187	192	192	222
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.27	2.35	2.34	3.34	4.79	4.92	5.07	7.29	6.40	7.90	9.49
Price to Tangible Book Value (P/TBV)	2.79	2.87	2.81	3.92	5.61	5.72	5.86	8.34	7.30	8.95	10.69
Price to Revenue (P/Rev)	1.21	1.27	1.29	1.97	2.82	2.94	3.10	4.78	4.23	5.32	6.48
Price to Earnings (P/E)	30.27	24.07	26.79	29.15	35.01	31.44	25.26	36.59	29.56	36.05	40.96
Dividend Yield	1.20%	1.14%	1.12%	0.91%	0.50%	0.47%	0.44%	0.29%	0.33%	0.25%	0.20%
Earnings Yield	3.30%	4.16%	3.73%	3.43%	2.86%	3.18%	3.96%	2.73%	3.38%	2.77%	2.44%
Enterprise Value to Invested Capital (EV/IC)	1.86	1.92	1.94	2.79	3.86	3.99	4.12	6.24	5.30	6.60	8.13
Enterprise Value to Revenue (EV/Rev)	1.46	1.52	1.53	2.15	3.01	3.12	3.28	4.91	4.40	5.48	6.61
Enterprise Value to EBITDA (EV/EBITDA)	12.30	11.30	11.78	14.93	19.05	18.10	15.75	21.59	18.17	21.80	25.25
Enterprise Value to EBIT (EV/EBIT)	20.99	17.71	19.01	22.59	27.34	24.94	20.34	27.42	22.77	27.03	30.87
Enterprise Value to NOPAT (EV/NOPAT)	25.02	21.58	18.96	20.83	26.49	24.88	23.61	33.67	27.98	33.26	38.17
Enterprise Value to Operating Cash Flow (EV/OCF)	39.16	20.64	14.84	21.58	27.64	24.88	27.24	32.10	28.94	32.03	32.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	40.93	22.77	28.87	38.48	32.42	42.88	51.07	48.86	55.42	51.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.48	0.46	0.43	0.42	0.40	0.39	0.37	0.36	0.35	0.33
Long-Term Debt to Equity	0.49	0.47	0.46	0.43	0.42	0.40	0.39	0.37	0.36	0.35	0.33
Financial Leverage	0.48	0.52	0.50	0.38	0.39	0.38	0.36	0.25	0.29	0.27	0.24
Leverage Ratio	2.20	2.22	2.22	2.10	2.05	2.03	1.99	1.93	1.86	1.85	1.83
Compound Leverage Factor	1.77	1.80	0.97	1.85	1.83	1.82	1.81	1.78	1.73	1.54	1.74
Debt to Total Capital	32.66%	32.43%	31.59%	29.88%	29.49%	28.81%	28.06%	26.93%	26.69%	25.79%	25.03%
Short-Term Debt to Total Capital	0.00%	0.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.66%	31.80%	31.59%	29.88%	29.49%	28.81%	28.06%	26.93%	26.69%	25.79%	25.03%
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	67.34%	67.57%	68.41%	70.12%	70.51%	71.19%	71.94%	73.07%	73.31%	74.21%	74.97%
Debt to EBITDA	2.18	1.93	1.97	1.75	1.56	1.40	1.14	1.06	0.99	0.93	0.87
Net Debt to EBITDA	2.12	1.88	1.81	1.25	1.22	1.07	0.89	0.58	0.70	0.62	0.50
Long-Term Debt to EBITDA	2.18	1.89	1.97	1.75	1.56	1.40	1.14	1.06	0.99	0.93	0.87
Debt to NOPAT	4.43	3.68	3.16	2.44	2.16	1.92	1.71	1.66	1.53	1.42	1.32
Net Debt to NOPAT	4.31	3.60	2.92	1.74	1.70	1.48	1.34	0.90	1.07	0.94	0.75
Long-Term Debt to NOPAT	4.43	3.61	3.16	2.44	2.16	1.92	1.71	1.66	1.53	1.42	1.32
Altman Z-Score	3.04	3.09	3.09	3.90	5.03	5.21	5.54	7.26	7.13	8.41	9.53
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	2.95	2.90	3.20	3.41	3.84	3.80	3.75	3.65	4.44	4.25	3.73
Quick Ratio	1.18	1.08	1.27	1.63	1.77	1.68	1.70	1.84	2.18	2.02	1.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-100	-37	11	29	-4.82	11	-75	-21	-65	-68	9.44
Operating Cash Flow to CapEx	33.64%	57.31%	386.57%	625.46%	149.44%	231.74%	185.04%	455.20%	92.02%	285.53%	281.66%
Free Cash Flow to Firm to Interest Expense	-7.90	-2.84	0.82	2.31	-0.39	0.91	-6.21	-1.81	-5.62	-2.65	1.09
Operating Cash Flow to Interest Expense	0.58	1.12	6.47	13.67	3.24	5.57	6.18	21.87	3.41	5.12	22.24
Operating Cash Flow Less CapEx to Interest Expense	-1.15	-0.83	4.80	11.48	1.07	3.16	2.84	17.07	-0.30	3.33	14.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.89	0.88	0.87	0.87	0.89	0.89	0.89	0.85	0.87	0.86	0.86
Accounts Receivable Turnover	5.95	5.74	5.25	5.05	5.23	5.36	5.20	5.06	4.89	5.04	4.71
Inventory Turnover	3.44	2.98	2.93	3.16	3.01	2.72	2.68	2.76	2.73	2.56	2.56
Fixed Asset Turnover	1.93	1.98	1.99	2.03	2.09	2.14	2.17	2.14	2.14	2.17	2.19
Accounts Payable Turnover	7.53	7.33	7.84	8.03	7.44	7.54	8.15	7.94	8.02	7.80	7.33
Days Sales Outstanding (DSO)	61.37	63.64	69.58	72.34	69.76	68.09	70.25	72.19	74.61	72.45	77.42
Days Inventory Outstanding (DIO)	106.22	122.50	124.60	115.36	121.40	134.35	136.02	132.36	133.77	142.38	142.70
Days Payable Outstanding (DPO)	48.46	49.80	46.58	45.47	49.09	48.43	44.77	45.99	45.49	46.78	49.82
Cash Conversion Cycle (CCC)	119.13	136.34	147.60	142.23	142.07	154.01	161.50	158.56	162.89	168.05	170.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,105	2,166	2,143	2,124	2,205	2,250	2,325	2,267	2,399	2,444	2,463
Invested Capital Turnover	1.32	1.29	1.28	1.32	1.31	1.30	1.31	1.31	1.26	1.25	1.27
Increase / (Decrease) in Invested Capital	158	91	37	79	100	84	182	143	194	194	138
Enterprise Value (EV)	3,920	4,150	4,160	5,931	8,505	8,983	9,582	14,138	12,718	16,134	20,019
Market Capitalization	3,245	3,458	3,520	5,436	7,961	8,451	9,039	13,758	12,230	15,676	19,623
Book Value per Share	$29.26	$29.89	$30.41	$32.83	$33.24	$34.44	$35.67	$37.91	$38.34	$39.85	$41.51
Tangible Book Value per Share	$23.77	$24.48	$25.33	$27.94	$28.41	$29.64	$30.90	$33.15	$33.62	$35.16	$36.84
Total Capital	2,123	2,181	2,197	2,323	2,355	2,412	2,477	2,582	2,607	2,676	2,758
Total Debt	693	708	694	694	695	695	695	695	696	690	690
Total Long-Term Debt	693	694	694	694	695	695	695	695	696	690	690
Net Debt	675	692	640	495	544	533	544	380	488	458	396
Capital Expenditures (CapEx)	22	25	22	27	27	29	40	57	43	46	69
Debt-free, Cash-free Net Working Capital (DFCFNWC)	855	923	946	926	1,004	1,046	1,070	966	1,087	1,111	1,095
Debt-free Net Working Capital (DFNWC)	873	938	1,000	1,125	1,154	1,208	1,221	1,281	1,295	1,343	1,389
Net Working Capital (NWC)	873	925	1,000	1,125	1,154	1,208	1,221	1,281	1,295	1,343	1,389
Net Nonoperating Expense (NNE)	14	11	41	14	10	11	12	9.96	7.19	20	7.74
Net Nonoperating Obligations (NNO)	675	692	640	495	544	533	544	380	488	458	396
Total Depreciation and Amortization (D&A)	33	34	34	34	34	34	36	36	36	36	37
Debt-free, Cash-free Net Working Capital to Revenue	31.92%	33.87%	34.79%	33.55%	35.53%	36.35%	36.64%	33.56%	37.58%	37.74%	36.14%
Debt-free Net Working Capital to Revenue	32.59%	34.44%	36.76%	40.76%	40.85%	41.98%	41.83%	44.52%	44.77%	45.62%	45.87%
Net Working Capital to Revenue	32.59%	33.93%	36.76%	40.76%	40.85%	41.98%	41.83%	44.52%	44.77%	45.62%	45.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.89	$0.86	$0.12	$1.88	$1.69	$1.68	$1.90	$2.23	$2.45	$2.10	$2.79
Adjusted Weighted Average Basic Shares Outstanding	49.20M	49.70M	49.70M	49.70M	50.10M	50.20M	50.20M	50.20M	50.10M	50.10M	50M
Adjusted Diluted Earnings per Share	$0.88	$0.85	$0.12	$1.85	$1.67	$1.66	$1.88	$2.21	$2.43	$2.09	$2.77
Adjusted Weighted Average Diluted Shares Outstanding	49.90M	50.20M	50.30M	50.30M	50.70M	50.70M	50.70M	50.70M	50.40M	50.30M	50.30M
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	49.31M	49.41M	49.61M	49.95M	49.84M	49.95M	49.78M	49.85M	49.82M	49.81M	49.69M
Normalized Net Operating Profit after Tax (NOPAT)	58	54	56	108	98	95	108	122	130	126	147
Normalized NOPAT Margin	8.88%	8.65%	8.20%	13.51%	13.70%	14.06%	14.82%	16.10%	17.68%	17.27%	18.16%
Pre Tax Income Margin	8.02%	8.84%	1.47%	11.77%	14.09%	15.53%	16.78%	18.41%	19.74%	17.86%	21.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.12	5.25	1.78	8.58	9.15	9.61	11.17	12.79	13.59	6.04	21.31
NOPAT to Interest Expense	4.56	4.15	3.67	8.70	7.68	7.80	8.98	10.31	11.28	4.87	16.94
EBIT Less CapEx to Interest Expense	3.39	3.30	0.11	6.40	6.98	7.21	7.83	7.98	9.89	4.24	13.41
NOPAT Less CapEx to Interest Expense	2.83	2.21	2.00	6.52	5.51	5.40	5.64	5.50	7.57	3.08	9.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	36.85%	27.49%	30.29%	21.45%	17.68%	15.03%	11.26%	10.72%	9.74%	9.24%	8.41%
Augmented Payout Ratio	36.85%	27.49%	30.29%	21.45%	17.68%	15.03%	11.26%	37.82%	38.48%	42.08%	41.39%

Financials Breakdown Chart

Key Financial Trends

Carpenter Technology (NYSE: CRS) has delivered a generally solid operating backdrop across the last four years, with margin improvement and healthy cash flow in recent quarters. The data below highlights key trends from CRS’s quarterly cash flow, income statement, and balance sheet figures.

Gross margin expanded to around 30% by Q2 2026 (gross profit of about $218.3M on $728.0M revenue) versus the mid- to high-20s seen earlier in 2024–2025, indicating improved efficiency or pricing dynamics.
Operating cash flow remained positive in every quarter shown, including a notable peak in Q4 2025 (~$258.1M) and a solid follow-on level in Q2 2026 (~$132.2M), supporting free cash flow generation.
The balance sheet shows strong liquidity: in Q2 2026, Total Current Assets were about $1.76B vs. Total Current Liabilities around $0.41B, producing a working capital cushion of roughly $1.34B and a current ratio well above 3x.
Debt and leverage appear manageable: Long-Term Debt near $695M; Total Liabilities around $1.51B; Total Equity about $1.99B in Q2 2026, implying a debt-to-equity ratio around 0.35x and substantial equity ballast.
Capital returns and capital allocation show commitment to shareholders: quarterly cash dividends per share of $0.20 and periodic share repurchases (e.g., CRS repurchased common equity in some quarters), reflecting a cash-return strategy within a healthy balance sheet.
Revenue level remains broadly stable around the $700M–$755M range per quarter over 2024–2026, with margins fluctuating but trending higher in 2025–2026.
Investing activity includes consistent capital expenditure (PPE) outlays, typically in the $20M–$60M per quarter range, contributing to investing cash outflows and affecting near-term free cash flow.
Working capital components (accounts receivable and inventories) are elevated (AR generally in the mid-to-high hundreds of millions and inventories in the $0.7B–$0.8B range), supporting operations but creating sensitivity to demand shifts.
Quarterly earnings have shown volatility: for example, Q2 2026 net income ($105.3M) came after a higher Q1 2026 figure ($122.5M), underscoring earnings swings that may reflect tax items, non-cash adjustments, or quarterly mix.
Financing cash outflows have been material in several quarters (net cash from financing activities often negative), indicating ongoing debt management and shareholder returns that reduce cash in the near term.

05/21/26 02:00 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 2025 ended on June 30, 2025.

Carpenter Technology's net income appears to be on an upward trend, with a most recent value of $376 million in 2025, rising from $58.70 million in 2015. The previous period was $186.50 million in 2024. Find out what analysts predict for Carpenter Technology in the coming months.

Carpenter Technology's total operating income in 2025 was $521.80 million, based on the following breakdown:

Total Gross Profit: $768.60 million
Total Operating Expenses: $246.80 million

Over the last 10 years, Carpenter Technology's total revenue changed from $2.23 billion in 2015 to $2.88 billion in 2025, a change of 29.2%.

Carpenter Technology's total liabilities were at $1.60 billion at the end of 2025, a 3.8% decrease from 2024, and a 1.5% increase since 2015.

In the past 10 years, Carpenter Technology's cash and equivalents has ranged from $27 million in 2019 to $315.50 million in 2025, and is currently $315.50 million as of their latest financial filing in 2025.

Over the last 10 years, Carpenter Technology's book value per share changed from 26.31 in 2015 to 37.91 in 2025, a change of 44.1%.

Related Companies

Financial statements for NYSE:CRS last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Carpenter Technology (CRS) Financials

Financials Breakdown Chart

Key Financial Trends

Carpenter Technology Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

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

Financials Breakdown Chart

Key Financial Trends

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?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools