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Carlisle Companies Incorporated (CSL) 10-Year Financial Performance & Capital Metrics

CSL • • Industrial / General
IndustrialsConstructionSpecialty Construction ProductsInsulation & Thermal Products
AboutCarlisle Companies Incorporated operates as a diversified manufacturer of engineered products in the United States, Europe, Asia, Canada, Mexico, the Middle East, Africa, and internationally. It operates through three segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies. The Carlisle Construction Materials segment produces building envelopes for commercial, industrial, and residential buildings, including single-ply roofing products, rigid foam insulations, spray polyurethane foam, architectural metal products, heating, ventilation and air conditioning hardware and sealants, waterproofing products, and air and vapor barrier systems. The Carlisle Interconnect Technologies segment produces wires and cables, including optical fiber for the commercial aerospace, military and defense electronics, medical device, industrial, and test and measurement markets. It also offers sensors, connectors, contacts, cable assemblies, complex harnesses, racks, trays, and installation kits, as well as engineering and certification services. The Carlisle Fluid Technologies segment produces engineered liquid products, powder products, sealants and adhesives finishing equipment, and integrated system solutions for spraying, pumping, mixing, metering, and curing of coatings used in the automotive manufacture, general industrial, protective coating, wood, and specialty and automotive refinishing markets. The company sells its products under the Carlisle, Binks, DeVilbiss, Ransburg, BGK, MS Powder, Thermax, Tri-Star, LHi Technology, Providien, SynTec, Weatherbond, Hunter Panels, Resitrix, Hertalan, Insulfoam, and Versico brands. Carlisle Companies Incorporated was founded in 1917 and is headquartered in Scottsdale, Arizona.Show more
  • Revenue $5B +9.1%
  • EBITDA $1.32B +10.8%
  • Net Income $1.31B +70.9%
  • EPS (Diluted) 27.90 +83.8%
  • Gross Margin 37.73% +5.9%
  • EBITDA Margin 26.3% +1.6%
  • Operating Margin 22.85% +6.6%
  • Net Margin 26.22% +56.7%
  • ROE 49.57% +89.1%
  • ROIC 20.71% +38.5%
  • Debt/Equity 0.81 -1.6%
  • Interest Coverage 15.59 +20.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Dividend Aristocrat: 36 years of consecutive increases
  • ✓Excellent 3Y average ROE of 36.2%
  • ✓Strong 5Y profit CAGR of 22.6%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 18.9% free cash flow margin
  • ✓Share count reduced 6.5% through buybacks

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.56%
5Y2.21%
3Y9.26%
TTM0.14%

Profit (Net Income) CAGR

10Y17.97%
5Y22.64%
3Y45.98%
TTM-42.7%

EPS CAGR

10Y22%
5Y27.78%
3Y52.22%
TTM-37.73%

ROCE

10Y Avg14.14%
5Y Avg15.68%
3Y Avg19.43%
Latest21.6%

Peer Comparison

Insulation & Thermal Products
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ASPNAspen Aerogels, Inc.285.13M3.4520.2989.64%-86.52%-99.85%0.32
OCOwens Corning10.25B124.7316.9513.41%-4.46%-10.86%12.14%1.10
CSLCarlisle Companies Incorporated15.3B366.1713.129.08%15.48%38.96%6.18%0.81

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+3.54B3.43B3.75B4.48B4.48B3.97B3.84B5.45B4.59B5B
Revenue Growth %0.11%-0.03%0.1%0.19%0%-0.11%-0.03%0.42%-0.16%0.09%
Cost of Goods Sold+2.54B2.34B2.7B3.3B3.18B2.83B2.74B3.58B2.95B3.12B
COGS % of Revenue0.72%0.68%0.72%0.74%0.71%0.71%0.71%0.66%0.64%0.62%
Gross Profit+1.01B1.09B1.05B1.17B1.31B1.14B1.1B1.87B1.63B1.89B
Gross Margin %0.28%0.32%0.28%0.26%0.29%0.29%0.29%0.34%0.36%0.38%
Gross Profit Growth %0.23%0.08%-0.04%0.12%0.11%-0.13%-0.04%0.7%-0.12%0.16%
Operating Expenses+503.4M682.2M584.3M665.7M672M649.6M522.1M661.2M651.4M744.6M
OpEx % of Revenue0.14%0.2%0.16%0.15%0.15%0.16%0.14%0.12%0.14%0.15%
Selling, General & Admin461.9M495.4M532.9M625.4M629.8M603.2M507.8M623.5M536.4M614.9M
SG&A % of Revenue0.13%0.14%0.14%0.14%0.14%0.15%0.13%0.11%0.12%0.12%
Research & Development42.8M45.4M51.3M55.1M52.2M45.4M16.4M19M28.7M35.4M
R&D % of Revenue0.01%0.01%0.01%0.01%0.01%0.01%0%0%0.01%0.01%
Other Operating Expenses-1.3M141.4M100K-14.8M-10M1M-2.1M18.7M86.3M94.3M
Operating Income+503.3M404.2M464M509M634.1M487.8M573.4M1.2B982.8M1.14B
Operating Margin %0.14%0.12%0.12%0.11%0.14%0.12%0.15%0.22%0.21%0.23%
Operating Income Growth %0.23%-0.2%0.15%0.1%0.25%-0.23%0.18%1.1%-0.18%0.16%
EBITDA+632.6M542M633.1M699.6M839.5M712M799.6M1.46B1.19B1.32B
EBITDA Margin %0.18%0.16%0.17%0.16%0.19%0.18%0.21%0.27%0.26%0.26%
EBITDA Growth %0.23%-0.14%0.17%0.11%0.2%-0.15%0.12%0.82%-0.18%0.11%
D&A (Non-Cash Add-back)129.3M137.8M169.1M190.6M205.4M224.2M226.2M251.3M204.7M172.6M
EBIT502.6M411.1M463M510.6M641.1M480.8M570.1M1.21B1.01B1.18B
Net Interest Income+-34M-30.6M-33.5M-53.5M-58.1M-71.9M-79.1M-79.1M-55.5M-13M
Interest Income700K1.3M500K11.2M7.9M4.7M1.2M7.1M20.1M60.3M
Interest Expense34.7M31.9M34M64.7M66.1M76.6M80.3M85.9M75.6M73.3M
Other Income/Expense-35.4M-25M-35M-63.1M-59M-83.6M-83.5M-81.1M-52.4M-32.2M
Pretax Income+467.9M379.2M429M445.9M575.1M404.2M489.9M1.12B930.4M1.11B
Pretax Margin %0.13%0.11%0.11%0.1%0.13%0.1%0.13%0.21%0.2%0.22%
Income Tax+148.3M148.1M88.4M87.3M117.3M78.5M104.3M265.7M211.5M245.8M
Effective Tax Rate %0.68%0.66%0.85%1.37%0.82%0.79%0.86%0.82%0.82%1.18%
Net Income+319.7M250.1M365.5M611.1M472.8M320.1M421.7M924M767.4M1.31B
Net Margin %0.09%0.07%0.1%0.14%0.11%0.08%0.11%0.17%0.17%0.26%
Net Income Growth %0.27%-0.22%0.46%0.67%-0.23%-0.32%0.32%1.19%-0.17%0.71%
Net Income (Continuing)319.6M231.1M340.6M358.6M457.8M325.7M385.6M858M718.9M865.1M
Discontinued Operations100K19M24.9M252.5M15M-5.6M36.1M66M48.5M446.7M
Minority Interest0000000000
EPS (Diluted)+4.823.825.7110.028.195.807.9117.5615.1827.90
EPS Growth %0.26%-0.21%0.49%0.75%-0.18%-0.29%0.36%1.22%-0.14%0.84%
EPS (Basic)4.893.865.7510.098.285.858.0117.8015.3528.26
Diluted Shares Outstanding65.8M64.88M63.55M60.79M57.55M55M53.2M52.5M50.4M47.1M
Basic Shares Outstanding64.84M64.23M63.07M60.39M56.91M54.5M52.5M51.8M49.9M46.5M
Dividend Payout Ratio0.23%0.34%0.25%0.15%0.22%0.35%0.27%0.15%0.21%0.13%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.32B1.36B1.64B2.06B1.75B2.21B2.15B2.25B3.41B1.93B
Cash & Short-Term Investments410.7M385.3M379.6M803.6M351.2M897.1M324.4M364.8M576.7M753.5M
Cash Only410.7M385.3M378.3M803.6M351.2M897.1M324.4M364.8M576.7M753.5M
Short-Term Investments0000000000
Accounts Receivable502.5M511.6M625.7M698.3M783M638.9M886.7M615.3M615.3M579.7M
Days Sales Outstanding51.7654.5260.8956.963.7358.7484.3641.2148.9642.29
Inventory356M377M507.9M457.5M510.6M432.7M605.1M518M361.7M472.7M
Days Inventory Outstanding51.2358.8468.650.5358.6355.7680.5752.7644.7155.37
Other Current Assets31.5M57M170.1M75.3M76.7M204.8M284.8M724.5M1.83B93.5M
Total Non-Current Assets+2.63B2.61B3.66B3.19B3.74B3.66B5.1B4.98B3.21B3.89B
Property, Plant & Equipment585.8M632.2M780.9M760.1M783.5M672.1M759.9M822.7M705.6M711.8M
Fixed Asset Turnover6.05x5.42x4.80x5.89x5.72x5.91x5.05x6.62x6.50x7.03x
Goodwill1.13B1.08B1.6B1.44B1.72B1.64B2.2B2.2B1.2B1.48B
Intangible Assets887.8M872.2M1.23B967.7M1.14B960.9M2.01B1.84B1.25B1.5B
Long-Term Investments0000000000
Other Non-Current Assets26.6M25M38.1M22.9M103.6M382.4M128.3M116.3M50.9M195.6M
Total Assets+3.95B3.97B5.3B5.25B5.5B5.87B7.25B7.22B6.62B5.82B
Asset Turnover0.90x0.86x0.71x0.85x0.82x0.68x0.53x0.75x0.69x0.86x
Asset Growth %0.05%0%0.34%-0.01%0.05%0.07%0.24%-0%-0.08%-0.12%
Total Current Liabilities+605.9M513.5M658.6M595.6M899M646.2M1.17B1.08B1.19B665.8M
Accounts Payable212.6M243.6M332.1M312.1M327.3M284.5M432.4M273.5M245.5M261.1M
Days Payables Outstanding30.5938.0244.8534.4737.5936.6657.5827.8630.3530.59
Short-Term Debt149.8M000250.2M1.1M352M301.7M402.7M3.2M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities75.2M97.9M141M99.9M109.5M151M136.2M271.8M296M96.3M
Current Ratio2.18x2.64x2.50x3.45x1.95x3.42x1.84x2.08x2.87x2.89x
Quick Ratio1.59x1.90x1.73x2.69x1.38x2.75x1.32x1.60x2.57x2.18x
Cash Conversion Cycle72.475.3484.6372.9684.7877.84107.3566.1263.3367.07
Total Non-Current Liabilities+1B985.4M2.11B2.06B1.95B2.68B3.45B3.12B2.6B2.69B
Long-Term Debt595.6M596.4M1.59B1.59B1.34B2.08B2.58B2.28B1.89B1.89B
Capital Lease Obligations100K00061.8M53.1M64.4M40.4M34.8M100.5M
Deferred Tax Liabilities176.5M144.1M212.6M186.7M252.7M188.6M433.8M316.3M253M239.1M
Other Non-Current Liabilities65.8M72.9M126.1M79.8M77.9M124.8M124.2M211M132.6M138.3M
Total Liabilities1.61B1.5B2.77B2.65B2.85B3.33B4.62B4.2B3.79B3.35B
Total Debt+745.5M596.4M1.59B1.59B1.65B2.13B2.99B2.62B2.32B1.99B
Net Debt334.8M211.1M1.21B784.2M1.3B1.24B2.67B2.26B1.75B1.24B
Debt / Equity0.32x0.24x0.63x0.61x0.63x0.84x1.14x0.87x0.82x0.81x
Debt / EBITDA1.18x1.10x2.51x2.27x1.97x3.00x3.74x1.80x1.96x1.51x
Net Debt / EBITDA0.53x0.39x1.91x1.12x1.55x1.74x3.34x1.55x1.47x0.94x
Interest Coverage14.50x12.67x13.65x7.87x9.59x6.37x7.14x14.03x13.00x15.59x
Total Equity+2.35B2.47B2.53B2.6B2.64B2.54B2.63B3.02B2.83B2.46B
Equity Growth %0.06%0.05%0.02%0.03%0.02%-0.04%0.04%0.15%-0.06%-0.13%
Book Value per Share35.6738.0239.7842.7345.9246.1449.4357.6156.1352.30
Total Shareholders' Equity2.35B2.47B2.53B2.6B2.64B2.54B2.63B3.02B2.83B2.46B
Common Stock78.7M78.7M78.7M78.7M78.7M78.7M78.7M78.7M78.7M78.7M
Retained Earnings2.38B2.55B2.82B3.35B3.72B3.93B4.24B5.03B5.63B6.77B
Treasury Stock-327.4M-382.6M-649.6M-1.1B-1.45B-1.81B-2.06B-2.44B-3.33B-4.87B
Accumulated OCI-87.1M-122.2M-85.7M-122.1M-124.1M-97M-105.2M-157.8M-111.1M-110.1M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+529.2M531.2M458.7M339.2M703.1M700.3M426.8M1B1.21B1.06B
Operating CF Margin %0.15%0.16%0.12%0.08%0.16%0.18%0.11%0.18%0.26%0.21%
Operating CF Growth %0.79%0%-0.14%-0.26%1.07%-0%-0.39%1.35%0.21%-0.12%
Net Income319.6M250.1M365.5M611.1M472.8M320.1M421.7M1B767.4M1.31B
Depreciation & Amortization129.3M137.8M169.1M190.6M205.4M224.2M226.2M251.3M204.7M70.2M
Stock-Based Compensation2.7M-2.6M13.2M23.9M26.1M29.9M19.4M31.2M41.5M30.1M
Deferred Taxes-15.8M-25M-58.5M-800K-8.9M-27M-5.4M-33.3M-71.7M-60.1M
Other Non-Cash Items-1.2M135.5M13.9M-269.2M32.9M62.4M54.9M-9.8M146.4M-267.2M
Working Capital Changes94.6M35.4M-44.5M-216.4M-25.2M90.7M-290M-239.4M119.4M-25.7M
Change in Receivables-11.8M300K-53.9M-159.7M-58.3M78.9M-206.9M-44.8M15.2M79.9M
Change in Inventory23M-12.2M-48.5M-29M-1.9M16.4M-136.8M-165.2M158M-103.7M
Change in Payables-2.9M21.6M42.7M-39.5M16.5M-15.2M85.4M-60.5M-27M-4.1M
Cash from Investing+-670.8M-293.4M-1.09B629.2M-694.9M-122.6M-1.49B-61.1M352.4M1.23B
Capital Expenditures-72.1M-108.8M-159.9M-120.7M-88.9M-95.5M-134.8M-183.5M-142.2M-113.3M
CapEx % of Revenue0.02%0.03%0.04%0.03%0.02%0.02%0.04%0.03%0.03%0.02%
Acquisitions----------
Investments----------
Other Investing200K900K-100K769.4M10.4M8.3M115.1M136.8M529.6M2.02B
Cash from Financing+-173M-261.1M627.2M-540.7M-461.2M-24.7M488.1M-862M-1.35B-2.11B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-72.3M-84.5M-92.1M-93.5M-102.9M-112.4M-112.5M-134.4M-160.3M-172.4M
Share Repurchases----------
Other Financing38M48.4M-8.3M12.6M34.2M-33.4M82.1M-18M10.6M48.1M
Net Change in Cash----------
Free Cash Flow+457.1M422.4M298.8M218.5M614.2M604.8M292M817.4M1.07B945.8M
FCF Margin %0.13%0.12%0.08%0.05%0.14%0.15%0.08%0.15%0.23%0.19%
FCF Growth %1.58%-0.08%-0.29%-0.27%1.81%-0.02%-0.52%1.8%0.3%-0.11%
FCF per Share6.956.514.703.5910.6711.005.4915.5721.1420.08
FCF Conversion (FCF/Net Income)1.66x2.12x1.25x0.56x1.49x2.19x1.01x1.08x1.57x0.81x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)14.05%10.39%14.63%23.84%18.05%12.36%16.32%32.69%26.22%49.57%
Return on Invested Capital (ROIC)15.39%11.31%10.85%10.73%12.98%9.48%9.48%17.08%14.95%20.71%
Gross Margin28.41%31.72%27.95%26.22%29.12%28.65%28.55%34.24%35.63%37.73%
Net Margin9.02%7.3%9.74%13.64%10.54%8.06%10.99%16.96%16.73%26.22%
Debt / Equity0.32x0.24x0.63x0.61x0.63x0.84x1.14x0.87x0.82x0.81x
Interest Coverage14.50x12.67x13.65x7.87x9.59x6.37x7.14x14.03x13.00x15.59x
FCF Conversion1.66x2.12x1.25x0.56x1.49x2.19x1.01x1.08x1.57x0.81x
Revenue Growth10.59%-3.33%9.51%19.43%0.11%-11.48%-3.36%42.03%-15.83%9.08%

Revenue by Segment

2015201620172018201920202021202220232024
Construction Materials---2.88B3.23B3B3.84B3.89B3.25B3.7B
Construction Materials Growth----12.26%-7.35%28.08%1.26%-16.26%13.86%
Carlisle Weatherproofing Technologies-------1.56B1.33B1.3B
Carlisle Weatherproofing Technologies Growth---------14.75%-2.56%
Interconnect Technologies---933.8M972.9M731.6M687.8M845.4M--
Interconnect Technologies Growth----4.19%-24.80%-5.99%22.91%--
Fluid Technologies---291.6M278.4M242.7M285.8M297.1M--
Fluid Technologies Growth-----4.53%-12.82%17.76%3.95%--
Brake And Friction---373.8M327M275.3M----
Brake And Friction Growth-----12.52%-15.81%----
Fluid Technology-4.4M19.8M-------
Fluid Technology Growth--350.00%-------
Roofing Systems Product18.5M19.5M--------
Roofing Systems Product Growth-5.41%--------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES--3.16B-----4.13B4.53B
UNITED STATES Growth---------9.61%
Europe384.4M381.8M411.3M-----211.8M237.8M
Europe Growth--0.68%7.73%------12.28%
North America (Excluding the United States)--------198M194.7M
North America (Excluding the United States) Growth----------1.67%
Other International--------13.7M43.9M
Other International Growth---------220.44%
Asia and Middle East--------26.2M-
Asia and Middle East Growth----------
Africa--------7.1M-
Africa Growth----------
Asia225.5M241.9M272.2M-------
Asia Growth-7.27%12.53%-------
CANADA--90.9M-------
CANADA Growth----------
Mexico And Latin America81.6M76.1M79.3M-------
Mexico And Latin America Growth--6.74%4.20%-------
Middle East And Z A55.7M42.6M43.4M-------
Middle East And Z A Growth--23.52%1.88%-------
Other Countries21.7M20.1M30.6M-------
Other Countries Growth--7.37%52.24%-------
U2.66B2.84B--------
U Growth-6.63%--------
C114.9M77.2M--------
C Growth--32.81%--------

Frequently Asked Questions

Valuation & Price

Carlisle Companies Incorporated (CSL) has a price-to-earnings (P/E) ratio of 13.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Carlisle Companies Incorporated (CSL) reported $5.02B in revenue for fiscal year 2024. This represents a 101% increase from $2.49B in 2011.

Carlisle Companies Incorporated (CSL) grew revenue by 9.1% over the past year. This is steady growth.

Yes, Carlisle Companies Incorporated (CSL) is profitable, generating $776.1M in net income for fiscal year 2024 (26.2% net margin).

Dividend & Returns

Yes, Carlisle Companies Incorporated (CSL) pays a dividend with a yield of 1.00%. This makes it attractive for income-focused investors.

Carlisle Companies Incorporated (CSL) has a return on equity (ROE) of 49.6%. This is excellent, indicating efficient use of shareholder capital.

Carlisle Companies Incorporated (CSL) generated $958.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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