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CRSCarpenter Technology Corporation
$400.02$19.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CRS logo

Carpenter Technology Corporation

CRS
NYSE · Metal Fabrication
$400.02
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$19.88B
P/E38.0x
52W High$625.99
Volume594.31K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Record Margins and Cash Flow Bolster Aerospace-Led Growth

Carpenter Technology is executing a disciplined transformation, evidenced by record FY2026 operating income of $702.0M (up 34% YoY) and gross margin expansion to 31.6% in Q4 FY2026 from 21.5% in Q3 FY2025. The company is benefiting from robust aerospace demand...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CRS price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+10% Peers

P/E is 10% above peer median

03

Market leadership

RS 45 · Lag

Laggard (Underperforming 55% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 30
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 12.6% YoY in Q4 FY2026, with gross margin expanding to 31.6% and operating margin to 24.3%, driving EPS of $3.23 (up 46.2% YoY).

Analyst Consensus+37.6% target
Buy(21 analysts)
14 Buy6 Hold1 Sell

The Bull Case

Upside Catalysts

Strong aerospace demand

Carpenter Technology reports a 31% increase in adjusted operating income, driven by robust demand in the aerospace sector.

Strategic long-term agreements

The company's financial performance is bolstered by strategic long-term agreements, ensuring stable revenue streams.

Material and process leadership

With over 130 years of expertise, Carpenter Technology provides advanced alloy solutions for critical applications.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CRS+18.41%
S&P 500 (^GSPC)+13.20%
1-Year Return
CRS+65.12%
S&P 500 (^GSPC)+15.98%
3-Year Return
CRS+483.13%
S&P 500 (^GSPC)+76.94%
5-Year Return
CRS+1160.99%
S&P 500 (^GSPC)+69.42%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
38.0x
Forward P/EExpansion
30.0x
EV/EBITDA80th %ile
28.7x
FCF YieldCash Flow
1.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
38.0x
49.2x
50th· Fair
EV/EBITDA
28.7x
18.3x
80th· High
Price/FCF
54.9x
49.0x
67th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$83.37-79.2%
Base (Fair)$186.76-54.2%
Bull$182.01-54.5%
$83.37 Bear$186.76 Base$182.01 Bull
Current Market Price: $400.02
Trades at a 114.2% premium to Base DCF ($186.76)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$3.12B+8.6% YoY
Net income
$530M+40.9% YoY
Free cash flow
$362M+26.6% YoY
Operating margin
22.5%+4.3 pts YoY
ROIC (TTM)21.8%
Avg ROIC 5Y-
ROE (TTM)25.8%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$3.23+4.5%
vs $3.09
$851M-1.4%
vs $863M
Q2 2026
Apr 29, 2026
$2.77+5.3%
vs $2.63
$812M+1.8%
vs $797M
Q1 2026
Jan 29, 2026
$2.33+5.0%
vs $2.22
$728M+5.4%
vs $691M
Q4 2025
Oct 23, 2025
$2.43+14.1%
vs $2.13
$734M+2.2%
vs $718M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·2d ago
Carpenter Technology (CRS) is a Top-Ranked Growth Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Seeking Alpha·4d ago
Our Top 10 High Growth Dividend Stocks - September 2026

The article provides a methodology for selecting high-growth dividend-paying stocks, focusing on dividend growth and sustainability rather than high current yield. We use our proprietary models to rate both quantitatively and qualitatively and select the top 10 names from an initial list of nearly 500 dividend stocks. The final list of ten stocks is chosen based on sector diversity, high-growth quality scores, and positive momentum and is suitable for investors in the accumulation phase.

Zacks Investment Research·Sep 14, 2026
After Plunging 18.6% in 4 Weeks, Here's Why the Trend Might Reverse for Carpenter (CRS)

The heavy selling pressure might have exhausted for Carpenter (CRS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Zacks Investment Research·Sep 11, 2026
Can Strong End-Market Demand Boost Carpenter Technology's Growth?

CRS sees strong aerospace demand and rising bookings supporting fiscal 2027 growth, with capacity expansion set to aid longer-term gains.

Filtered for Carpenter Technology CorporationMore Headlines
04

Compare before deciding

Benchmark CRS against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Carpenter Technology Corporation (CRS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CRS logoCRSCarpenter Technology CorporationCurrent
$400.02$19.88B38.028.59%16.96%25.75%0.2%
ATI logoATIATI Inc.
$186.56$25.46B65.465.16%10.09%24.95%—
HWM logoHWMHowmet Aerospace Inc.
$225.36$90.17B60.7411.06%20.52%34.41%—
NUE logoNUENucor Corporation
$245.66$55.95B32.675.73%7.99%12.84%—
STLD logoSTLDSteel Dynamics, Inc.
$233.99$33.74B29.293.63%7.83%17.66%—
CMC logoCMCCommercial Metals Company
$65.00$7.19B87.84-1.61%6.72%13.65%—

Compare CRS vs Peers

Carpenter Technology Corporation (CRS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ATI

Most directly comparable listed peer for CRS.

Scale Benchmark

vs GE

Larger-name benchmark to compare CRS against a more recognizable public peer.

Peer Set

Compare Top 5

vs ATI, HWM, NUE, STLD

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CRS SEC Filings & Documents

Carpenter Technology Corporation (CRS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Jul 30, 2026·SEC

Material company update

Jul 30, 2026·SEC

10-K Annual Reports

3
FY 2026

Aug 12, 2026·SEC

FY 2025

Aug 12, 2025·SEC

FY 2024

Aug 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2026

Jan 29, 2026·SEC

FY 2025

Oct 23, 2025·SEC

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CRS Frequently Asked Questions

Carpenter Technology Corporation (CRS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Carpenter Technology Corporation's revenue?

Carpenter Technology Corporation (CRS) reported $3.12B in revenue for fiscal year 2026. This represents a 233% increase from $939.0M in 1997.

How fast is Carpenter Technology Corporation growing?

Carpenter Technology Corporation (CRS) grew revenue by 8.6% over the past year. This is steady growth.

Is CRS profitable?

Yes, Carpenter Technology Corporation (CRS) is profitable, generating $529.8M in net income for fiscal year 2026 (17.0% net margin).

Dividend & Returns
Does CRS pay dividends?

Yes, Carpenter Technology Corporation (CRS) pays a dividend with a yield of 0.20%. This makes it attractive for income-focused investors.

What is CRS's return on equity?

Carpenter Technology Corporation (CRS) has a return on equity (ROE) of 25.8%. This is excellent, indicating efficient use of shareholder capital.

What is Carpenter Technology Corporation's free cash flow?

Carpenter Technology Corporation (CRS) generated $362.3M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CRS back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →