Carpenter Technology Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Carpenter Technology Corporation (CRS). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2021 | 2022 | 2023 |
|---|---|---|---|
| Specialty Alloys Operations | $1.26B 85.5% | $1.57B 85.3% · +24.0% | $2.21B 86.8% · +41.4% |
| Performance Engineered Products | $259.8M 17.6% | $344.5M 18.8% · +32.6% | $433.7M 17.0% · +25.9% |
| Intersegment | -$46.4M -3.1% | -$73.8M -4.0% · -59.1% | -$97.0M -3.8% · -31.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $1.39B 63.9% | $926.6M 62.8% · -33.5% | $1.18B 64.3% · +27.3% | $1.56B 61.0% · +31.9% | $1.62B 58.8% · +4.3% | $1.70B 59.1% · +4.7% |
| Europe | $387.4M 17.8% | $242.7M 16.4% · -37.4% | $253.5M 13.8% · +4.4% | $437.3M 17.1% · +72.5% | $503.8M 18.3% · +15.2% | $596.2M 20.7% · +18.3% |
| Asia Pacific | $237.5M 10.9% | $194.4M 13.2% · -18.1% | $233.9M 12.7% · +20.3% | $319.5M 12.5% · +36.6% | $391.3M 14.2% · +22.5% | $344.4M 12.0% · -12.0% |
| Mexico | $67.0M 3.1% | $48.8M 3.3% · -27.2% | $89.4M 4.9% · +83.2% | $124.0M 4.9% · +38.7% | $120.1M 4.4% · -3.1% | $121.5M 4.2% · +1.2% |
| Canada | $54.2M 2.5% | $32.9M 2.2% · -39.3% | $41.5M 2.3% · +26.1% | $60.1M 2.4% · +44.8% | $70.1M 2.5% · +16.6% | $61.2M 2.1% · -12.7% |
| Other | $41.6M 1.9% | $30.2M 2.0% · -27.4% | $38.1M 2.1% · +26.2% | $53.2M 2.1% · +39.6% | $51.4M 1.9% · -3.4% | $53.9M 1.9% · +4.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aerospace and Defense | $1.31B 60.2% | $710.9M 48.2% · -45.9% | $790.2M 43.0% · +11.2% | $1.29B 50.6% · +63.3% | $1.54B 55.8% · +19.2% | $1.77B 61.5% · +14.9% |
| Industrial and Consumer | $296.0M 13.6% | $292.1M 19.8% · -1.3% | $417.2M 22.7% · +42.8% | $487.2M 19.1% · +16.8% | $415.3M 15.0% · -14.8% | $359.5M 12.5% · -13.4% |
| Medical | $197.0M 9.0% | $143.5M 9.7% · -27.2% | $212.3M 11.6% · +47.9% | $301.6M 11.8% · +42.1% | $375.6M 13.6% · +24.5% | $351.2M 12.2% · -6.5% |
| Energy | $135.4M 6.2% | $87.8M 6.0% · -35.2% | $113.0M 6.2% · +28.7% | $163.3M 6.4% · +44.5% | $185.8M 6.7% · +13.8% | $200.3M 7.0% · +7.8% |
| Transportation | $132.1M 6.1% | $144.5M 9.8% · +9.4% | $178.3M 9.7% · +23.4% | $185.0M 7.3% · +3.8% | $149.1M 5.4% · -19.4% | $113.3M 3.9% · -24.0% |
| Distribution | $106.9M 4.9% | $96.8M 6.6% · -9.4% | $125.3M 6.8% · +29.4% | $122.5M 4.8% · -2.2% | $95.1M 3.4% · -22.4% | $84.2M 2.9% · -11.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.