Is the business good?
How good a business is CRS?
Carpenter Technology Corporation earns 22% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
22%
Return on invested capital · cost of capital 9.0% · 13 points above what the capital costs: growth creates value
- Operating margin
- 22%
Operating margin · Metal Fabrication median 11% · 12 months to Q4 2026
- Cash conversion
- 0.68×
Cash conversion · 0.76× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −0.79%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2021 | −17% |
| FY2022 | −1.4% |
| FY2023 | 5.2% |
| FY2024 | 12% |
| FY2025 | 18% |
| FY2026 | 22% |
Details›
- Gross margin12 months to Q4 2026
- 31%
- Operating margin12 months to Q4 2026
- 22%
- Net margin12 months to Q4 2026
- 17%
- Free cash flow margin
- 12%
- Revenue, trailing twelve months
- $3.12B
- Free cash flow, trailing twelve months
- $362M
- Net income, trailing twelve months
- $530M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 22%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Metal Fabrication
Ranks #3 of 9 by Smart Score