Carpenter Technology (CRS)

Carpenter TechnologyCRS

Carpenter Technology Corporation is a global leader in the production and supply of high-performance metallic materials, serving markets across the United States, Europe, Asia Pacific, Mexico, and Canada. The company's operations are structured into two primary divisions: Specialty Alloys Operations and Performance Engineered Products. Its diverse product portfolio encompasses advanced alloys like titanium, stainless, alloy, and tool steels, alongside various powder metals, additives, and custom-fabricated metal components. These specialized materials are critical to numerous industries, including aerospace, defense, medical devices, transportation, energy generation, general manufacturing, and consumer goods. Established in 1889, Carpenter Technology maintains its corporate headquarters in Philadelphia, Pennsylvania.

Thesis

Written thesis in progress. We’re starting this library with the live quote, price chart, and financial snapshot first, then adding full commentary name by name.

Valuation and financials

Enterprise value

$24.4B

Market cap + debt − cash

Cash

$295M

Q3 FY2026 balance sheet

Debt

$699M

Q3 FY2026 balance sheet

Revenue

$3.8B

FY2028E

Next-year growth

4.4%

FY2029E vs FY2028E

Gross margin

31.0%

Q3 FY2026 reported

Operating margin

23.0%

Q3 FY2026 reported

Forward EV/S

6.4x

Enterprise value divided by forward revenue

Forward EV / op income

27.8x

EV over forward revenue × latest op margin

Price chart

Last 4 days

$445.69

+0.5%

Apr 13Apr 17