Carpenter Technology Corporation (CRS)
🔔 Watch stock
Carpenter Technology has been melting alloys since 1889 that keep working where ordinary steel gives up: in jet engines, landing gear, implants. In our in-house Buffett criteria scanner, the stock ranks no. 9 in the U.S. selection (as of July 18, 2026) — return on equity, leverage, margin, earnings streak: every box in order. We read the annual reports (10-K) and the quarterly report (10-Q) as of March 31, 2026: earnings per share that jumped sixfold within two fiscal years, from $1.14 to $7.42 — but also a shipment volume that shrank 10 percent, an aerospace concentration lately at 66 percent of revenue, and a price-earnings ratio near 62 for a materials company. Not investment advice — just a reminder that in a steep climb, every aircraft feels overpowered.
Appears in These Scanners
This stock currently matches 24 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Basics
Performance
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
NeutralGeprüft am 18.07.2026 gegen die beiden jüngsten Geschäftsberichte (10-K GJ 2025, eingereicht 12.08.2025; 10-K GJ 2024, eingereicht 13.08.2024) und die vier jüngsten Quartalsberichte (10-Q zum 31.03.2026, 31.12.2025, 30.09.2025 und 31.03.2025): In den ausgewerteten SEC-Filings von Carpenter Technology findet sich kein einziger Treffer zu „artificial intelligence“, „machine learning“, „generative“ oder verwandten Begriffen — weder als Umsatzquelle noch als operativer Einsatz noch als benanntes Geschäftsrisiko (Volltext-Suche über alle sechs Dokumente, 0 Treffer). Carpenter verdient als Hersteller von Superlegierungen zwar indirekt am Rechenzentrums- und Luftfahrt-Boom (Endmarkt-Narrativ), die Filings selbst stellen aber keinerlei KI-Bezug her — nach dem Kriterienkatalog dokumentierter Negativ-Befund, daher „neutral“.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-04-29 · 10-Q 2026-01-29 · 10-Q 2025-10-23 · 10-Q 2025-04-24 · 10-K 2025-08-12 · 10-K 2024-08-13
Rated on July 18, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.66 | 95.00 | 677 | 8.40 | 12.40 | 68 | 39 |
| 2025: Q1 | 1.88 | 1,402.30 | 727 | 6.10 | 13.10 | 74 | 34 |
| 2025: Q2 | 2.21 | 19.30 | 756 | -5.40 | 14.80 | 258 | 200 |
| 2025: Q3 | 2.43 | 45.30 | 734 | 2.20 | 16.70 | 39 | -3 |
| 2025: Q4 | 2.09 | 26.20 | 728 | 7.50 | 14.50 | 132 | 86 |
| 2026: Q1 | 2.78 | 47.50 | 812 | 11.60 | 17.20 | 194 | 125 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
Every screenable Buffettology criterion met: return on equity near 25 percent, debt-to-equity 0.38, EBIT margin near 23 percent, earnings per share positive and rising in every recent quarter, positive free cash flow — rank 9 in the U.S. selection of our in-house Buffett criteria scanner (as of July 18, 2026); Piotroski 8 of 9, Altman Z near 10.
Diluted EPS up sixfold from $1.14 (FY 2023) to $7.42 (FY 2025), with $7.29 already in 9M FY 2026; fiscal 2025 SAO sales ex surcharges up 10 percent on 11 percent lower volume, adjusted SAO margin lately 35.6 percent (10-K FY 2025; 10-Q as of 03/31/2026) — documented pricing power of a kind the scanner cannot measure.
Pounds sold down 10 percent in two fiscal years (214,122 → 192,980 thousand); growth rests entirely on the price/mix lever. The Athens, Alabama expansion (FY 2026 capex ~$260 million) is meant to deliver volume — but still has to.
Aerospace and Defense grew from 51 percent (FY 2023) to 62 percent (FY 2025) and 66 percent of revenue in the quarter ended March 31, 2026; Medical down 23 percent most recently; the 10-Q explicitly names Boeing production challenges as a risk factor. Add concentrated production in Reading, Latrobe and Athens with no alternate sites (10-K Item 1A).
P/E near 62, price-to-sales near 10, price-to-book near 14, price to free cash flow near 73, dividend yield near 0.13 percent (data as of July 18, 2026) — a peak multiple on a cyclical's peak margins; the stock has multiplied roughly twentyfold in four years.
Rock-solid balance sheet: a single $700 million bond (5.625 percent, due 2034), $793.8 million of liquidity, interest coverage above 13 (10-Q as of 03/31/2026) — but barren ground for income investors: the dividend has been frozen at $0.20 per quarter for years, and buybacks primarily offset dilution, per the 10-K.
Carpenter Technology is the rare case where a quality screen and the filings agree — while the price tells its own story: the Buffett criteria are met without asterisks, fiscal 2025 was the most profitable year in the company's 137-year history per the 10-K, and the pricing power (10 percent more revenue on 11 percent less volume in the core segment) is a documented moat. Against that stand a shipment volume that has shrunk for two years, an aerospace concentration grown to 66 percent with Boeing as a named risk, a frozen token dividend — and a price-earnings ratio near 62 that values the cyclical like a growth stock. Whoever invests here is not buying yesterday's quality but the continuation of the aerospace climb at full price. Not investment advice.
- CRS made the research list as rank 9 of our in-house Buffett criteria scanner (U.S. selection, 25 U.S. hits out of 104 total, as of July 18, 2026) — part of our series on the top 20 of that selection.
- Scanner metrics (P/E, P/S, P/B, return on equity, EBIT margin, Piotroski, Altman Z) use trailing twelve-month figures as of July 18, 2026; the fiscal year ends June 30, while the scanner's quarterly series follows calendar quarters.
- Price and market-value figures (~$600, ~$29.8 billion) from the July 18, 2026 feed, sanity-checked against trailing twelve-month earnings of roughly $9.50 per share from the SEC filings; analyses are evergreen, daily prices are not a buy argument.
About the Company
Carpenter Technology Corporation ist in der Fertigung, Verarbeitung und im Vertrieb von Spezialmetallen in den USA, Europa, dem asiatisch-pazifischen Raum, Mexiko, Kanada und international tätig. Es ist in zwei Segmenten tätig: Specialty Alloys Operations und Performance Engineered Products.
| Employees | 4,500 |
|---|---|
| Headquarters | Philadelphia, PA |
| Website | carpentertechnology.com |
| IPO Date | 5. Nov 1987 |
| Next Earnings | 30. Jul 2026 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Brian J. Malloy | President & Chief Operating Officer | 1968 |
| Timothy Lain CPA | Senior VP & CFO | 1972 |
| James D. Dee | Senior VP, General Counsel, Secretary, Chief Governance Officer & Chief Compliance Officer | 1958 |
| Marshall D. Akins | VP & Chief Commercial Officer | 1984 |
| Elizabeth A. Socci | VP, Controller & Chief Accounting Officer | – |
| Suniti Moudgil | VP & Chief Technology Officer | – |
| John Huyette | VP of Corporate Development & Investor Relations | – |
| Rachelle H. Thompson | VP & Chief Human Resources Officer | – |
| Shakthimani Logasundaram | VP & Chief Digital Officer | – |
| Thomas F. Cramsey | VP of Finance - Global Operations & SAO Group CFO | 1961 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.