Carpenter Technology Corporation (CRS)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Whoever buys today bets that aerospace build rates and price realization keep carrying for years and that the Athens expansion delivers volume before a 62-times earnings multiple meets a normal cycle — the quality itself is not the bottleneck. Whoever waits checks three lines in every quarterly report (10-Q): pounds sold (does it stabilize above fiscal 2025's 192,980 thousand?), the Aerospace and Defense share (does the concentration grow beyond 66 percent?), and the SAO margin excluding surcharges (does it hold the 35 percent region?). A quality company rarely loses its recipes overnight — a peak multiple on peak margins can correct quickly. The decision is yours.
symbol.quality_note
Carpenter Technology has been melting alloys since 1889 that keep working where ordinary steel gives up: in jet engines, landing gear, implants. In our in-house Buffett criteria scanner, the stock ranks no. 9 in the U.S. selection (as of July 18, 2026) — return on equity, leverage, margin, earnings streak: every box in order. We read the annual reports (10-K) and the quarterly report (10-Q) as of March 31, 2026: earnings per share that jumped sixfold within two fiscal years, from $1.14 to $7.42 — but also a shipment volume that shrank 10 percent, an aerospace concentration lately at 66 percent of revenue, and a price-earnings ratio near 62 for a materials company. Not investment advice — just a reminder that in a steep climb, every aircraft feels overpowered.
Read the analysis
Stock Watch
This analysis is as of July 18, 2026. Stock Watch will tell you what's changed at CRS since then.
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Appears in These Scanners
This stock currently matches 28 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 519.70 $ — 74% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
NeutralGeprüft am 18.07.2026 gegen die beiden jüngsten Geschäftsberichte (10-K GJ 2025, eingereicht 12.08.2025; 10-K GJ 2024, eingereicht 13.08.2024) und die vier jüngsten Quartalsberichte (10-Q zum 31.03.2026, 31.12.2025, 30.09.2025 und 31.03.2025): In den ausgewerteten SEC-Filings von Carpenter Technology findet sich kein einziger Treffer zu „artificial intelligence“, „machine learning“, „generative“ oder verwandten Begriffen — weder als Umsatzquelle noch als operativer Einsatz noch als benanntes Geschäftsrisiko (Volltext-Suche über alle sechs Dokumente, 0 Treffer). Carpenter verdient als Hersteller von Superlegierungen zwar indirekt am Rechenzentrums- und Luftfahrt-Boom (Endmarkt-Narrativ), die Filings selbst stellen aber keinerlei KI-Bezug her — nach dem Kriterienkatalog dokumentierter Negativ-Befund, daher „neutral“.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-04-29 · 10-Q 2026-01-29 · 10-Q 2025-10-23 · 10-Q 2025-04-24 · 10-K 2025-08-12 · 10-K 2024-08-13
Rated on July 18, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 15.3% above the current price.
- Consensus
- Strong Sell
- Analyst Ratings
- 9
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 06/30/2027 | 13.25 | 12.79 – 13.63 | 3,470 | 23.2% | 5 |
| 06/30/2028 | 15.76 | 15.32 – 16.05 | 3,882 | 18.9% | 5 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.66 | 95.00 | 677 | 8.40 | 12.40 | 68 | 39 |
| 2025: Q1 | 1.88 | 1,402.30 | 727 | 6.10 | 13.10 | 74 | 34 |
| 2025: Q2 | 2.21 | 19.30 | 756 | -5.40 | 14.80 | 258 | 200 |
| 2025: Q3 | 2.43 | 45.30 | 734 | 2.20 | 16.70 | 39 | -3 |
| 2025: Q4 | 2.09 | 26.20 | 728 | 7.50 | 14.50 | 132 | 86 |
| 2026: Q1 | 2.78 | 47.50 | 812 | 11.60 | 17.20 | 194 | 125 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 1,798 | 122 | 47 | 1.00 | 129 | 1,199 | 2,878 |
| 2018 | 2,158 | 189 | 189 | 3.96 | 209 | 1,486 | 3,007 |
| 2019 | 2,380 | 241 | 167 | 3.47 | 232 | 1,520 | 3,188 |
| 2020 | 2,181 | 25 | 2 | 0.03 | 232 | 1,446 | 3,227 |
| 2021 | 1,476 | -249 | -230 | -4.75 | 250 | 1,392 | 2,971 |
| 2022 | 1,836 | -25 | -49 | -1.01 | 6 | 1,331 | 2,932 |
| 2023 | 2,550 | 133 | 56 | 1.15 | 15 | 1,396 | 3,054 |
| 2024 | 2,760 | 323 | 187 | 3.71 | 275 | 1,629 | 3,292 |
| 2025 | 2,877 | 522 | 376 | 7.42 | 440 | 1,887 | 3,487 |
| 2026 | 3,124 | 702 | 530 | 10.51 | 605 | 2,228 | 3,838 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
Every screenable Buffettology criterion met: return on equity near 25 percent, debt-to-equity 0.38, EBIT margin near 23 percent, earnings per share positive and rising in every recent quarter, positive free cash flow — rank 9 in the U.S. selection of our in-house Buffett criteria scanner (as of July 18, 2026); Piotroski 8 of 9, Altman Z near 10.
Diluted EPS up sixfold from $1.14 (FY 2023) to $7.42 (FY 2025), with $7.29 already in 9M FY 2026; fiscal 2025 SAO sales ex surcharges up 10 percent on 11 percent lower volume, adjusted SAO margin lately 35.6 percent (10-K FY 2025; 10-Q as of 03/31/2026) — documented pricing power of a kind the scanner cannot measure.
Pounds sold down 10 percent in two fiscal years (214,122 → 192,980 thousand); growth rests entirely on the price/mix lever. The Athens, Alabama expansion (FY 2026 capex ~$260 million) is meant to deliver volume — but still has to.
Aerospace and Defense grew from 51 percent (FY 2023) to 62 percent (FY 2025) and 66 percent of revenue in the quarter ended March 31, 2026; Medical down 23 percent most recently; the 10-Q explicitly names Boeing production challenges as a risk factor. Add concentrated production in Reading, Latrobe and Athens with no alternate sites (10-K Item 1A).
P/E near 62, price-to-sales near 10, price-to-book near 14, price to free cash flow near 73, dividend yield near 0.13 percent (data as of July 18, 2026) — a peak multiple on a cyclical's peak margins; the stock has multiplied roughly twentyfold in four years.
Rock-solid balance sheet: a single $700 million bond (5.625 percent, due 2034), $793.8 million of liquidity, interest coverage above 13 (10-Q as of 03/31/2026) — but barren ground for income investors: the dividend has been frozen at $0.20 per quarter for years, and buybacks primarily offset dilution, per the 10-K.
Carpenter Technology is the rare case where a quality screen and the filings agree — while the price tells its own story: the Buffett criteria are met without asterisks, fiscal 2025 was the most profitable year in the company's 137-year history per the 10-K, and the pricing power (10 percent more revenue on 11 percent less volume in the core segment) is a documented moat. Against that stand a shipment volume that has shrunk for two years, an aerospace concentration grown to 66 percent with Boeing as a named risk, a frozen token dividend — and a price-earnings ratio near 62 that values the cyclical like a growth stock. Whoever invests here is not buying yesterday's quality but the continuation of the aerospace climb at full price. Not investment advice.
- CRS made the research list as rank 9 of our in-house Buffett criteria scanner (U.S. selection, 25 U.S. hits out of 104 total, as of July 18, 2026) — part of our series on the top 20 of that selection.
- Scanner metrics (P/E, P/S, P/B, return on equity, EBIT margin, Piotroski, Altman Z) use trailing twelve-month figures as of July 18, 2026; the fiscal year ends June 30, while the scanner's quarterly series follows calendar quarters.
- Price and market-value figures (~$600, ~$29.8 billion) from the July 18, 2026 feed, sanity-checked against trailing twelve-month earnings of roughly $9.50 per share from the SEC filings; analyses are evergreen, daily prices are not a buy argument.
About the Company
Carpenter Technology Corporation ist in der Fertigung, Verarbeitung und im Vertrieb von Spezialmetallen in den USA, Europa, dem asiatisch-pazifischen Raum, Mexiko, Kanada und international tätig. Es ist in zwei Segmenten tätig: Specialty Alloys Operations und Performance Engineered Products.
| Employees | 4,500 |
|---|---|
| Headquarters | Philadelphia, PA |
| Address | 1735 Market Street, 19103 Philadelphia, United States |
| Phone | 610 208 2000 |
| Website | carpentertechnology.com |
| IPO Date | 5. Nov 1987 |
| ISIN | US1442851036 |
| Stock Split | 2:1 on 11/16/2007 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Tony R. Thene CPA | Executive Chairman of the Board | 1960 |
| Timothy Lain CPA | Senior VP & CFO | 1972 |
| James D. Dee | Senior VP, General Counsel, Secretary, Chief Governance Officer & Chief Compliance Officer | 1958 |
| Marshall D. Akins | VP & Chief Commercial Officer | 1984 |
| Elizabeth A. Socci | VP, Controller & Chief Accounting Officer | – |
| Suniti Moudgil | VP & Chief Technology Officer | – |
| John Huyette | VP of Corporate Development & Investor Relations | – |
| Rachelle H. Thompson | VP & Chief Human Resources Officer | – |
| Shakthimani Logasundaram | VP & Chief Digital Officer | – |
| Thomas F. Cramsey | VP of Finance - Global Operations & SAO Group CFO | 1961 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 14. Jul 2026 | Akins Marshall D | VP and Chief Comm Officer | Other | 5,929 | 576.87 | 3,420,262 |
| 14. Jul 2026 | Akins Marshall D | VP and Chief Comm Officer | Other | 12,912 | – | – |
| 14. Jul 2026 | Malloy Brian J | President and CEO | Other | 7,905 | 576.87 | 4,560,157 |
| 14. Jul 2026 | Malloy Brian J | President and CEO | Other | 17,216 | – | – |
| 14. Jul 2026 | Socci Elizabeth A | VP, Contr & Ch Acctg Officer | Other | 1,128 | 576.87 | 650,709 |
| 14. Jul 2026 | Socci Elizabeth A | VP, Contr & Ch Acctg Officer | Other | 2,584 | – | – |
| 14. Jul 2026 | Lain Timothy | SVP and CFO | Other | 8,300 | 576.87 | 4,788,021 |
| 14. Jul 2026 | Lain Timothy | SVP and CFO | Other | 18,076 | – | – |
| 14. Jul 2026 | Thene Tony R | Executive Chairman | Other | 29,913 | 576.87 | 17,255,912 |
| 14. Jul 2026 | Thene Tony R | Executive Chairman | Other | 68,860 | – | – |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.