CSLCarlisle Companies Incorporated

$365.79

Is the business good?

How good a business is CSL?

Carlisle Companies Incorporated earns 21% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

21%

Return on invested capital · cost of capital 9.0% · 12 points above what the capital costs: growth creates value

Operating margin
20%

Operating margin · Building Products & Equipment median 16% · 12 months to Q1 2026

Cash conversion
1.27×

Cash conversion · 0.60× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
−8.1%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY202012%
FY202115%
FY202222%
FY202321%
FY202423%
FY202520%
Details
Gross margin12 months to Q1 2026
36%
Operating margin12 months to Q1 2026
20%
Net margin12 months to Q1 2026
15%
Free cash flow margin
19%
R&D as % of revenue
0.97%
Revenue, trailing twelve months
$4.98B
Free cash flow, trailing twelve months
$925M
Net income, trailing twelve months
$725M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
21%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.