CRSNYSESteel Works, Blast Furnaces & Rolling Mills (Coke Ovens)Fiscal year ends June 30
CARPENTER TECHNOLOGY CORP
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 12, 2026
$378.51+1.42 (+0.38%)
Close on Oct 19, 2026
- Market cap
- $19.00B
- P/E (TTM)
- 36.0
- Dividend yield
- 0.21%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
30.6%+30.5 pts over 5 years
Operating margin
22.5%+39.3 pts over 5 years
Net margin
17.0%+32.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.6% | +7.0% | +16.2% | +5.6% | |
| Gross profit | +24.3% | +41.5% | +294.5% | +14.1% | |
| Operating income | +34.5% | +74.1% | – | +29.8% | |
| Net income | +40.9% | +111.0% | – | +46.9% | |
| EPS, diluted | +41.8% | +109.8% | – | +46.6% | |
| Free cash flow | +26.6% | – | +19.4% | +8.4% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | +1.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 4.1% | -16.2% | 25.8% | |
| Return on assets | 1.7% | -7.4% | 14.5% | |
| Current ratio | 2.76 | 3.65 | 3.81 | |
| Debt to equity | 0.50 | 0.50 | 0.31 | |
| Net debt to EBITDA | 2.25× | -3.26× | 0.35× | |
| Interest coverage | 4.1× | -7.6× | 18.6× | |
| Inventory turnover | 2.3× | 2.6× | 2.7× | |
| Capex to revenue | 5.5% | 6.8% | 7.8% | |
| Diluted shares | 47M | 48M | 50M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Carpenter Technology generated $1.34B from operations and spent $1.15B on capital expenditure, dividends and share buybacks. 58% of that went back into the business.
Generated
$1.34B
Used
$1.15B
Capital expenditure$667.20M58%Dividends$199.20M17%Share buybacks$281.00M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin17.0%
×Asset turnover0.85×
×Equity multiplier1.78×
=Return on equity, FY202625.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 17.0% | 0.85× | 1.78× | 25.8% |
| FY2025 | 13.1% | 0.85× | 1.93× | 21.4% |
| FY2024 | 6.8% | 0.87× | 2.10× | 12.3% |
| FY2023 | 2.2% | 0.85× | 2.20× | 4.1% |
| FY2022 | -2.7% | 0.62× | 2.17× | -3.6% |
| FY2021 | -15.6% | 0.48× | 2.18× | -16.2% |
| FY2020 | 0.1% | 0.68× | 2.16× | 0.1% |
| FY2019 | 7.0% | 0.77× | 2.06× | 11.1% |
| FY2018 | 8.7% | 0.73× | 2.19× | 14.0% |
| FY2017 | 2.6% | 0.63× | 2.46× | 4.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
9of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$529.80M
- Cash generatingOperating cash flow above zero$605.00M
- Return on assets improvedROA up on the prior year11.4% → 15.2%
- Earnings backed by cashOperating cash flow above net income$605.00M vs $529.80M
- Less leverageLong-term debt to assets fell19.9% → 18.0%
- Better liquidityCurrent ratio rose3.65 → 3.81
- No dilutionShare count did not rise51M → 50M
- Gross margin improvedGross margin up on the prior year26.71% → 30.58%
- More efficientAsset turnover rose0.87 → 0.90