Revenue growth reached 24.9% in 2026Q1, yet operating margins remain inconsistent, oscillating between 14.4% and 20.1% over the past ten quarters.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 2.44B | 2.31B | 2.13B | 1.86B | 1.78B | 2.06B | 2.94B | 3.28B | 3.35B | 2.79B | 2.75B | 2.74B | 2.92B | 2.6B | 2.58B | 2.55B | 2.22B | 2.2B | 2.6B | 2.62B | 2.26B | 2.06B | 1.89B | 1.64B | 1.52B | 1.59B | 1.49B | 1.55B | 2.27B | 2.04B | 1.85B |
| Revenue Growth % | 9.71% | 8.15% | 14.45% | 4.81% | -13.87% | -29.76% | -10.54% | -1.87% | 20.08% | 1.38% | 0.27% | -6.31% | 12.7% | 0.63% | 1.3% | 14.79% | 0.98% | -15.67% | -0.57% | 16.05% | 9.49% | 9.04% | 15.55% | 7.89% | -4.46% | 6.44% | -4.02% | -31.51% | 11.38% | 10.23% | 3.67% |
| Cost of Goods Sold | 1.43B | 1.33B | 1.26B | 1.11B | 1.12B | 1.37B | 1.93B | 2.1B | 2.16B | 1.77B | 1.76B | 1.79B | 1.91B | 1.71B | 1.71B | 1.68B | 1.47B | 1.47B | 1.75B | 1.78B | 1.53B | 1.42B | 1.34B | 1.11B | 1.15B | 1.05B | 988.52M | 1.05B | 1.62B | 1.48B | 1.34B |
| COGS % of Revenue | - | 57.8% | 59.28% | 59.67% | 62.78% | 66.61% | 65.74% | 64.09% | 64.45% | 63.56% | 63.98% | 65.17% | 65.25% | 65.96% | 66.3% | 66.11% | 66.4% | 66.75% | 67.24% | 67.81% | 67.6% | 68.83% | 70.83% | 67.61% | 76.14% | 65.88% | 66.29% | 67.76% | 71.62% | 72.52% | 72.78% |
| Gross Profit | 1.02B | 972.8M | 867.8M | 751M | 661.2M | 688.8M | 1.01B | 1.18B | 1.19B | 1.02B | 989.7M | 954.4M | 1.02B | 883.5M | 869.12M | 862.77M | 745.22M | 730.31M | 853.27M | 843.01M | 731.26M | 642.59M | 551.46M | 529.83M | 361.8M | 541.47M | 502.67M | 500.9M | 643.8M | 559.8M | 503M |
| Gross Margin % | 41.6% | 42.2% | 40.72% | 40.33% | 37.22% | 33.39% | 34.26% | 35.91% | 35.55% | 36.44% | 36.02% | 34.83% | 34.75% | 34.04% | 33.7% | 33.89% | 33.6% | 33.25% | 32.76% | 32.19% | 32.4% | 31.17% | 29.17% | 32.39% | 23.86% | 34.12% | 33.71% | 32.24% | 28.38% | 27.48% | 27.22% |
| Gross Profit Growth % | - | 12.1% | 15.55% | 13.58% | -4.01% | -31.54% | -14.66% | -0.87% | 17.16% | 2.57% | 3.7% | -6.09% | 15.03% | 1.65% | 0.74% | 15.77% | 2.04% | -14.41% | 1.22% | 15.28% | 13.8% | 16.52% | 4.08% | 46.44% | -33.18% | 7.72% | 0.35% | -22.2% | 15.01% | 11.29% | 7.94% |
| Operating Expenses | 593.3M | 548.6M | 512M | 500.6M | 655.9M | 467.1M | 743.3M | 968.6M | 748M | 626.7M | 803M | 581.5M | 700M | 535.6M | 559.56M | 820.51M | 583.23M | 589.41M | 2.41B | 969.75M | -1.75B | 428.96M | 365.16M | 360.81M | 322.13M | 369.79M | 318.65M | 331.4M | 404.9M | 363.2M | 336.8M |
| OpEx % of Revenue | - | 23.8% | 24.02% | 26.88% | 36.92% | 22.64% | 25.31% | 29.5% | 22.36% | 22.49% | 29.22% | 21.22% | 23.93% | 20.64% | 21.7% | 32.23% | 26.3% | 26.84% | 92.42% | 37.03% | -77.35% | 20.81% | 19.32% | 22.05% | 21.24% | 23.3% | 21.37% | 21.33% | 17.85% | 17.83% | 18.23% |
| Selling, General & Admin | 593.3M | 548.6M | 526.9M | 473.5M | 507.5M | 489.3M | 715.8M | 711.6M | 690.6M | 592M | 624.2M | 566.5M | 605.2M | 512.8M | 540.22M | 548.54M | 523.39M | 531.21M | 615.08M | 579.6M | 483.32M | 428.96M | 405.16M | 360.81M | 322.13M | 295.18M | 263.37M | 270.1M | 343.4M | 307.8M | 287.4M |
| SG&A % of Revenue | - | 23.8% | 24.72% | 25.43% | 28.56% | 23.72% | 24.37% | 21.67% | 20.64% | 21.25% | 22.71% | 20.67% | 20.69% | 19.76% | 20.95% | 21.55% | 23.6% | 24.19% | 23.62% | 22.13% | 21.42% | 20.81% | 21.43% | 22.05% | 21.24% | 18.6% | 17.66% | 17.38% | 15.14% | 15.11% | 15.55% |
| Research & Development | 0 | 0 | 46.1M | 54.8M | 48.3M | 49.5M | 74.6M | 74.7M | 89.1M | 58.5M | 61.5M | 62.8M | 68M | 52.7M | 66.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 2.16% | 2.94% | 2.72% | 2.4% | 2.54% | 2.28% | 2.66% | 2.1% | 2.24% | 2.29% | 2.32% | 2.03% | 2.59% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -61M | -27.7M | 100.1M | -71.7M | -47.1M | 182.3M | -31.7M | -23.8M | 117.3M | -47.8M | 26.8M | -29.9M | 0 | 0 | 0 | 0 | 0 | 390.15M | -2.23B | 0 | -40M | 0 | 0 | 74.61M | 55.28M | 61.3M | 61.5M | 55.4M | 49.4M |
| Operating Income | 423.2M | 424.2M | 355.8M | 250.4M | 5.3M | 221.7M | 262.9M | 210.4M | 441.3M | 388.4M | 186.7M | 372.9M | 316.3M | 347.9M | 328.9M | 42.26M | 235.16M | 208.27M | 197.49M | -107.66M | 247.94M | 213.62M | 186.3M | 169.01M | 39.67M | 171.68M | 184.03M | 169.5M | 212M | 176.7M | 166.2M |
| Operating Margin % | 17.32% | 18.4% | 16.69% | 13.45% | 0.3% | 10.75% | 8.95% | 6.41% | 13.19% | 13.94% | 6.79% | 13.61% | 10.81% | 13.41% | 12.75% | 1.66% | 10.6% | 9.48% | 7.58% | -4.11% | 10.99% | 10.36% | 9.86% | 10.33% | 2.62% | 10.82% | 12.34% | 10.91% | 9.35% | 8.68% | 9% |
| Operating Income Growth % | - | 19.22% | 42.09% | 4624.53% | -97.61% | -15.67% | 24.95% | -52.32% | 13.62% | 108.03% | -49.93% | 17.89% | -9.08% | 5.78% | 678.21% | -82.03% | 12.91% | 5.46% | 283.44% | -143.42% | 16.06% | 14.66% | 10.23% | 326.03% | -76.89% | -6.71% | 8.57% | -20.05% | 19.98% | 6.32% | 16.31% |
| EBITDA | 489M | 474.4M | 406.8M | 285.8M | 39M | 260.1M | 390.4M | 323.9M | 561.3M | 461.1M | 254.1M | 439.9M | 392.1M | 402.7M | 386.17M | 105.21M | 295M | 266.47M | 254.65M | -46.35M | 302.22M | 269.34M | 242.02M | 223.04M | 89.46M | 246.29M | 239.31M | 230.8M | 273.5M | 232.1M | 215.6M |
| EBITDA Margin % | 20.01% | 20.58% | 19.09% | 15.35% | 2.2% | 12.61% | 13.29% | 9.87% | 16.78% | 16.55% | 9.25% | 16.05% | 13.41% | 15.52% | 14.97% | 4.13% | 13.3% | 12.13% | 9.78% | -1.77% | 13.39% | 13.07% | 12.8% | 13.63% | 5.9% | 15.52% | 16.05% | 14.85% | 12.06% | 11.4% | 11.67% |
| EBITDA Growth % | 12.54% | 16.62% | 42.34% | 632.82% | -85.01% | -33.38% | 20.53% | -42.29% | 21.73% | 81.46% | -42.24% | 12.19% | -2.63% | 4.28% | 267.05% | -64.34% | 10.71% | 4.64% | 649.46% | -115.34% | 12.21% | 11.29% | 8.51% | 149.31% | -63.68% | 2.92% | 3.69% | -15.61% | 17.84% | 7.65% | 12.47% |
| D&A (Non-Cash Add-back) | 65.8M | 50.2M | 51M | 35.4M | 33.7M | 38.4M | 127.5M | 113.5M | 120M | 72.7M | 67.4M | 67M | 75.8M | 54.8M | 57.26M | 62.94M | 59.84M | 58.2M | 57.16M | 61.31M | 54.28M | 55.72M | 55.72M | 54.02M | 49.79M | 74.61M | 55.28M | 61.3M | 61.5M | 55.4M | 49.4M |
| EBIT | 440.9M | 444.1M | 340.9M | 277.5M | 153.7M | 199.5M | 290.4M | 448.5M | 498.7M | 423.1M | 365.5M | 387.9M | 355.3M | 370.7M | 328.9M | 41.02M | 235.91M | 212.06M | 209.45M | -91.49M | 2.48B | 213.62M | 186.3M | 169.01M | 39.67M | 171.68M | 184.03M | 169.5M | 212M | 176.7M | 166.2M |
| Net Interest Income | -14M | -100K | -21.7M | -17.6M | -6.9M | -45.5M | -53.3M | -44.1M | -48.6M | -33.6M | -34.6M | -35.7M | -37.5M | -24.6M | -24.95M | -24.62M | -25.66M | -24.32M | -15.54M | -21.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 9.6M | 11.2M | 5.5M | 5.1M | 3.2M | 1.4M | 2M | 2.7M | 2.3M | 2.5M | 1.9M | 1.9M | 1.71M | 1.87M | 1.88M | 1.64M | 1.18M | 2.82M | 10.26M | 6.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 23.6M | 11.3M | 27.2M | 22.7M | 10.1M | 46.9M | 55.3M | 46.8M | 50.9M | 36.1M | 36.5M | 37.6M | 39.22M | 26.46M | 26.83M | 26.25M | 26.84M | 27.14M | 25.8M | 27.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -4.1M | 8.6M | -17.3M | -17.3M | 231.2M | 12M | -38.4M | -39.7M | -29.9M | -20.9M | -22.6M | -36.4M | -35.1M | -21.9M | -44.3M | 0 | -24.23M | -23.34M | -13.64M | -11.24M | -8.6M | -17.1M | -354.47M | -17.85M | -15.22M | -35.87M | 6.33M | -13.7M | -19.3M | -15.7M | -21.2M |
| Pretax Income | 419.1M | 432.8M | 338.5M | 233.1M | 236.5M | 233.7M | 224.5M | 170.7M | 411.4M | 367.5M | 164.1M | 336.5M | 281.2M | 326M | 284.61M | 20.45M | 210.93M | 184.93M | 183.85M | -118.89M | 239.33M | 196.52M | -168.17M | 151.16M | 24.45M | 135.82M | 190.36M | 155.8M | 214.6M | 175.9M | 145M |
| Pretax Margin % | 17.15% | 18.78% | 15.88% | 12.52% | 13.31% | 11.33% | 7.64% | 5.2% | 12.3% | 13.19% | 5.97% | 12.28% | 9.61% | 12.56% | 11.04% | 0.8% | 9.51% | 8.42% | 7.06% | -4.54% | 10.6% | 9.53% | -8.9% | 9.24% | 1.61% | 8.56% | 12.77% | 10.03% | 9.46% | 8.64% | 7.85% |
| Income Tax | 98.6M | 101.1M | 70.3M | 57.2M | 70.1M | 36.3M | 43.4M | 37.1M | 75.9M | 195M | 40.3M | 106.5M | 87.6M | 105.1M | 88.42M | -6.06M | 56.74M | 50.85M | 48.69M | -56.55M | 73.45M | 60.49M | -62.75M | 46.86M | 7.83M | 47.2M | 66.63M | 54.9M | 76.2M | 63.1M | 52.9M |
| Effective Tax Rate % | 23.53% | 23.36% | 20.77% | 24.54% | 29.64% | 15.53% | 19.33% | 21.73% | 18.45% | 53.06% | 24.56% | 31.65% | 31.15% | 32.24% | 31.07% | -29.64% | 26.9% | 27.5% | 26.49% | 47.57% | 30.69% | 30.78% | 37.31% | 31% | 32% | 34.75% | 35% | 35.24% | 35.51% | 35.87% | 36.48% |
| Net Income | 326.6M | 366.6M | 294.7M | 255.9M | 401.1M | 435.4M | 181M | 133.3M | 335.6M | 171.8M | 122.8M | 228.9M | 192.67M | 219.5M | 216.99M | 26.32M | 154.17M | 133.86M | 135.16M | -62.34M | 165.89M | 136.04M | -105.42M | 104.3M | -11.45M | 88.62M | 123.73M | 114.6M | 138.4M | 112.8M | 92.1M |
| Net Margin % | 13.36% | 15.9% | 13.83% | 13.74% | 22.58% | 21.11% | 6.16% | 4.06% | 10.03% | 6.17% | 4.47% | 8.35% | 6.59% | 8.46% | 8.41% | 1.03% | 6.95% | 6.09% | 5.19% | -2.38% | 7.35% | 6.6% | -5.58% | 6.38% | -0.76% | 5.58% | 8.3% | 7.38% | 6.1% | 5.54% | 4.98% |
| Net Income Growth % | -3.09% | 24.4% | 15.16% | -36.2% | -7.88% | 140.55% | 35.78% | -60.28% | 95.34% | 39.9% | -46.35% | 18.8% | -12.22% | 1.16% | 724.6% | -82.93% | 15.18% | -0.96% | 316.8% | -137.58% | 21.94% | 229.04% | -201.07% | 1011.1% | -112.92% | -28.38% | 7.97% | -17.2% | 22.7% | 22.48% | 20.71% |
| Net Income (Continuing) | 320.5M | 331.7M | 268.2M | 175.9M | 166.4M | 197.4M | 181.1M | 133.6M | 335.5M | 172.5M | 123.8M | 230M | 193.6M | 220.9M | 0 | 22.82M | 152.98M | 134.08M | 134.95M | -62.34M | 165.89M | 136.04M | -105.42M | 104.3M | 16.63M | 88.62M | 123.73M | 100.9M | 124.8M | 103.7M | 92.1M |
| Discontinued Operations | 1000K | 34.9M | 26.5M | 80M | 234.7M | 238M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 2.3M | 2.3M | 2.5M | 2.6M | 2.8M | 2.2M | 0 | 2.9M | 3.3M | 11.9M | 11.4M | 10.85M | 10.35M | 8.99M | 8.5M | 8.09M | 7.94M | 7.76M | 8.39M | 8.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 5.56 | 6.26 | 5.05 | 4.45 | 7.01 | 7.35 | 3.08 | 2.20 | 5.50 | 2.84 | 2.07 | 3.89 | 3.23 | 3.73 | 3.72 | 0.44 | 2.59 | 2.28 | 2.24 | -1.04 | 2.67 | 2.25 | -1.78 | 1.75 | -0.19 | 1.47 | 2.02 | 1.70 | 2.00 | 1.63 | 1.34 |
| EPS Growth % | -6.35% | 23.96% | 13.48% | -36.52% | -4.63% | 138.64% | 40% | -60% | 93.66% | 37.2% | -46.79% | 20.43% | -13.4% | 0.27% | 745.45% | -83.01% | 13.6% | 1.79% | 315.38% | -138.95% | 18.67% | 226.4% | -201.71% | 1021.05% | -112.93% | -27.23% | 18.82% | -15% | 22.7% | 21.64% | 20.72% |
| EPS (Basic) | - | 6.38 | 5.15 | 4.51 | 7.11 | 7.46 | 3.10 | 2.23 | 5.63 | 2.89 | 2.10 | 3.94 | 3.28 | 3.79 | 3.78 | 0.45 | 2.59 | 2.28 | 2.27 | -1.04 | 2.72 | 2.27 | -1.78 | 1.75 | -0.19 | 1.48 | 2.03 | 1.71 | 2.02 | 1.64 | 1.35 |
| Diluted Shares Outstanding | 58.7M | 58.6M | 58.3M | 57.5M | 57.2M | 59.2M | 58.8M | 60.6M | 61M | 60.4M | 59.3M | 58.8M | 59.6M | 58.84M | 58.29M | 59.2M | 59.56M | 58.81M | 60.3M | 60.04M | 62.1M | 60.41M | 59.25M | 59.6M | 59.73M | 60.35M | 61.4M | 67.46M | 69.37M | 69.2M | 68.73M |
| Basic Shares Outstanding | 57.7M | 57.5M | 57.2M | 56.7M | 56.4M | 58.4M | 58.3M | 59.8M | 59.6M | 59.4M | 58.5M | 58.1M | 58.77M | 57.9M | 57.44M | 58.12M | 58.6M | 58.47M | 59.67M | 60.04M | 60.91M | 59.82M | 59.25M | 59.34M | 59.73M | 59.83M | 60.92M | 66.98M | 68.56M | 68.78M | 68.22M |
| Dividend Payout Ratio | - | 14.43% | 15.91% | 22.39% | 26.4% | 23.11% | 55.47% | 69.92% | 24.88% | 45.63% | 62.87% | 33.46% | 38.36% | 30.66% | 28.56% | 216.58% | 32.67% | 34.95% | 33.44% | - | 20.25% | 19.82% | - | 22.79% | - | 26.99% | 19.66% | 23.3% | 18.21% | 20.3% | 24.65% |
Aerospace OEM production volatility
According to the provided quarterly income statements, Crane's revenue growth has accelerated significantly, reaching 24.9% in 2026Q1 compared to historical periods, largely reflecting the successful execution of its post-spin-off strategy and the stabilization of its core Aerospace & Electronics and Process Flow Technologies business segments.
The recent revenue surge suggests that the company is successfully capturing demand in its core aerospace markets, though investors should monitor whether this pace is sustainable or merely a recovery from previous supply chain constraints. The shift in growth trajectory appears to validate the strategic decision to prune non-core assets, allowing the firm to focus on higher-value, mission-critical industrial components.
As reported in the financial data, Crane maintains a gross margin profile hovering around 40-42%, which suggests that the company retains significant pricing power despite the inherent cyclicality of its industrial end-markets and the recent structural changes following the 2023 corporate separation of its payment business.
The stability of these margins indicates that the firm's specialized engineering and proprietary intellectual property provide a meaningful buffer against commodity price fluctuations. However, the slight compression observed in 2026Q1 warrants further investigation to determine if this reflects rising input costs or a temporary shift in the product mix toward lower-margin OEM deliveries.
Based on the income statement figures, operating income has shown inconsistent scaling relative to gross profit, with operating margins fluctuating between 14.4% and 20.1% over the last ten quarters, indicating that SG&A expenses remain a significant variable in the company's overall profitability and operational efficiency profile.
The lack of consistent operating leverage suggests that management is still navigating the cost structure of the 'New Crane' entity following the spin-off. Investors should monitor whether future periods demonstrate a more disciplined control of overhead expenses as the company attempts to optimize its leaner, post-divestiture operational footprint.
Analysis of the reported net income reveals significant quarterly volatility, with EPS figures swinging from $1.12 to $1.87, a trend that appears heavily influenced by non-operating items and the ongoing impact of legacy liabilities that continue to complicate the interpretation of core operational performance.
The presence of stock-based compensation and potential adjustments related to long-term litigation liabilities suggests that reported net income may not always reflect the underlying cash-generating capability of the business. Analysts should focus on normalized earnings metrics to better gauge the true profitability of the firm's core industrial operations.
Quick answers to the most common questions about buying CR stock.
For fiscal year 2025, Crane Company (CR) reported total revenue of $2.31B. This represents a 24.7% increase compared to $1.85B in 1996.
Crane Company (CR) is profitable, generating $366.6M in net income for the fiscal year ending 2025 with a net profit margin of 15.9%.
Crane Company (CR) reported an operating income of $424.2M, resulting in an operating profit margin of 18.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Crane Company (CR) generated $972.8M in gross profit for the year, representing a gross profit margin of 42.2%. This demonstrates the company's core pricing power and production efficiency.