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Carpenter Technology Corporation

Rank #265Capital ReturnWatchlistCompare with other stocks

CRS · NYSE · Industrials

Carpenter Technology Corporation (CRS) — Rank #265 by gross profitability (GP/assets 0.26) · ROE 24.3% · Piotroski F-Score 8 / 9.

As-of 2026-10-30 · CIK 0000017843 · all metrics point-in-time as of the filing date.

About

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally.

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It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as metal powders and parts. It serves the aerospace, defense, medical, transportation, energy, industrial, and consumer markets.

The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.

Industry
Metal Fabrication
Sector
Industrials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
June 30

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

4,500

Industry

Metal Fabrication

Exchange

NYSE

12/12

Flags passed

CRS passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Operating leverage expanding · Deferred revenue growing · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.26
Return on equity
24.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.72
Current ratio
3.94×
Net cash
-$531.50M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.8%

Growth

2/2 pass
Revenue growth
8.6%
Piotroski F-Score
8 / 9
Share dilution
-0.6%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.26

Gross profitability (GP / assets)

0.26

Primary signal (Novy-Marx).

1st of 6 SIC 33 peers

Return on equity

24.3%

Gross margin

30.6%

2nd of 6 SIC 33 peers

Revenue growth (YoY)

8.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

7.0%

Revenue CAGR (5Y)

16.2%

Earnings CAGR (3Y)

111.0%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 32% below net income

Free cash flow

$362.30M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

-31.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.8%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net debt $531.50M, F-Score 8/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.72

2nd of 6 SIC 33 peers (best = lowest)

Current ratio

3.94×

1st of 6 SIC 33 peers

Quick ratio

1.89×

Net cash

-$531.50M

Cash & equivalents minus total debt.

Piotroski F-Score

8 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.0 / 5

Good
Payout ratio
7.6%5/5 Strong
FCF coverage
8.99×5/5 Strong
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 0.72 · IC N/A2/5 Fair

Capital allocation quality

Composite score

2.3 / 5

Fair
Share count trend(net buybacks)
-0.6%3/5 Good
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr0/5 Weak
Net debt trajectory(deleveraging)
2.1%4/5 Strong

Lifecycle Phase History

20212026
Decline
Hypergrowth
Capital Return

Price History

CRS+1235.5% · +67.7% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports