CRS Carpenter Technology Corp
$376.13
▼ 1.2%Updated Oct 16, 2:25 PM ET
Report Card
CRS at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Neutral · 49/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 120.4% in the year to Jul 6, 2026
Key Metrics
Market Cap
$29.67B
P/E
61.94x
Forward P/E (est.)
45.96x
ROE
24.4%
Revenue Growth
3.7%
EPS Growth
34.8%
Profit Margin
15.8%
FCF Yield
0.8%
Debt / Equity
0.37x
ROIC
19.0%
Interest Coverage
12.98x
Current Ratio
3.81x
Dividend Yield
0.1%
Implied Growth (rev. DCF)
7.7%
Rating Score
49/100
Business Overview
Carpenter Technology Corp (CRS) is a large-cap NYSE-listed company in the Aerospace & Defense industry, within the Industrials sector, with a market value around $29.67B.
In its latest reported year it generated about $3.12B in revenue and $529.80M in net profit.
Our model rates CRS Neutral (49/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Economic Moat
Evidence of durable competitive advantage in the filed financials (10 years of history).
Profit margins and economic moats, explainedThe numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
26.2% average over the last 3 years
±8.3 pts around 16.8% across 10 years
grew in 7 of the last 9 year-over-year periods
positive in 8 of 10 years
19.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what CRS's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. CRS trades near $376.13, around its 50-day average ($492.75) and 200-day average ($374.49). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 71 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. CRS's is $22.66 (~6.0% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, CRS found buyers near $480.70 (support) and sellers near $624.50 (resistance); its 52-week range then was $228.00–$624.50. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.2× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
14.2%
Revenue moved from $1.80B in 2017 to $3.12B in 2026, a 6.3% compound annual growth rate. The most recent year was roughly flat (3.7%) year over year. Slower, mature growth is common for established businesses.
Profitability
Gross Margin
30.6%
Operating Margin
22.5%
Net Margin
17.0%
ROE
24.4%
Carpenter Technology Corp keeps about 15.8% of each sales dollar as net profit, with a 30.6% gross margin and 22.5% operating margin. Return on equity is 24.4% and return on invested capital about 19.0%. Margins this wide usually signal pricing power or a cost advantage.
Debt Analysis
Total Debt
$692.70M
Net Debt
$299.40M
Net Debt / EBITDA
0.43x
Debt / Equity
0.37x
Leverage: debt-to-equity is 0.4x, and operating profit covers interest about 13.0x, with a current ratio of 3.8x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $692.70M of total debt against $393.30M of cash.
Cash Flow Analysis
Operating CF
$605.00M
Free Cash Flow
$362.30M
FCF Margin
11.6%
In the latest year Carpenter Technology Corp produced about $605.00M of operating cash flow and $362.30M of free cash flow after capital spending. That is a free-cash-flow yield of about 0.8% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockThe payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
0.1%
Per share (latest FY)
$0.80
Total paid (latest FY)
$40.30M
History on record
10 years
dividend uses 11% of free cash flow
8% of net income paid out
no current raise streak
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
Valuation Analysis
P/E
61.94x
P/S
10.31x
P/B
7.29x
EV / EBITDA
35.3x
CRS trades at 61.9x trailing earnings (about 46.0x on estimated forward earnings), 10.3x sales, and 7.3x book value. Reverse-engineering today's price implies the market expects roughly 7.7% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
DCF Fair Value (Educational)
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
How this DCF estimate is calculatedDCF fair value / share
$123.54
Current price
$376.13
Starting FCF (latest 10-K)
$362.30M
Growth, years 1–5
3.7%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Metrics vs. Sector Range
Where CRS sits versus the Industrials companies we cover.
Bands show the middle half (25th–75th percentile) of the 144 Industrials companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How CRS stacks up against its Industrials peers — valuation, profitability, and growth versus the sector median.
Among the 142 rated Industrials companies we cover, CRS ranks #76 by our overall rating. It trades at a premium versus the sector on earnings (61.9x P/E vs. 30.5x median) with a higher return on equity (24.4% vs. 18.1%) and slower revenue growth (3.7% vs. 6.0%).
P/E vs sector
61.9x
median 30.5x
ROE vs sector
24.4%
median 18.1%
Growth vs sector
3.7%
median 6.0%
Sector rank
#76
of 142 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Industrials companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 142 rated companies among the 273 Industrials stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$303.05 – $507.81
vs. $376.13 today · implied CAGR -4% – 6%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $3.25B | $3.38B | $3.51B | $3.65B | $3.80B |
| Net income | $552.36M | $574.45M | $597.43M | $621.33M | $646.18M |
| EPS | $7.00 | $7.28 | $7.57 | $7.88 | $8.19 |
| Share price (low) | $259.05 | $269.41 | $280.19 | $291.39 | $303.05 |
| Share price (high) | $434.08 | $451.44 | $469.50 | $488.28 | $507.81 |
| CAGR (low–high) | -31% / 15% | -15% / 10% | -9% / 8% | -6% / 7% | -4% / 6% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for CRS:
- High net margins (15.8%) point to pricing power or efficiency.
- Strong return on equity (24.4%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.4x) lowers risk.
Bear Case
The case against CRS:
- A rich 61.9x earnings multiple prices in a lot of growth.
- Limited free cash flow at today's price.
Key Risks
Valuation risk — at 61.9x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the picture is mixed: Carpenter Technology Corp is a large-cap industrials business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 61.9x earnings, which our model scores Neutral (49/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 15 Wall Street analysts covering CRS recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more cautious over the last three months (-6 pts of buy ratings).
Latest SEC Filings
CRS's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
CRS — frequently asked questions
Is CRS a good stock to buy?
We don't give buy or sell advice. Our model rates Carpenter Technology Corp Neutral (49/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is CRS's rating on The Stocks School?
Carpenter Technology Corp currently scores 49/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does CRS's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Carpenter Technology Corp's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for CRS calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this CRS analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell CRS. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.