Carpenter Technology Corporation
Rank #280HypergrowthCRS · NYSE · Industrials
Carpenter Technology Corporation (CRS) — Rank #280 by gross profitability (GP/assets 0.25) · ROE 23.8% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · 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
- Website
- carpentertechnology.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$20.17B
P/E (annual)
38.7
P/S (annual)
6.5
P/B
9.1
P/OCF (annual)
33.3
Shareholder Yield
-6.8%
Employees
4,500
Industry
Metal Fabrication
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
1/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
21.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 7.0% — per-share value needs a total required return of 28.9% once share-count change is priced in.
vs. own 6-year median revenue growth: 20.0%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
16.8%
r = 10% (base)
21.9%
r = 12%
26.4%
Net debt / market cap: 1.4%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
3 previously-disclosed line items are no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.25
Primary signal (Novy-Marx).
1st of 6 SIC 33 peers
Return on equity
23.8%
Gross margin
30.6%
2nd of 6 SIC 33 peers
Revenue growth (YoY)
73.8%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.72
2nd of 6 SIC 33 peers (best = lowest)
Current ratio
3.81×
1st of 6 SIC 33 peers
Quick ratio
2.11×
Net cash
-$297.40M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$362.30M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
-0.32
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.8%
Stock-based comp intensity.
Dividend safety
Composite score
3.0 / 5
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).