Carpenter Technology Corporation (CRS) Stock Price & Analysis
Carpenter Technology Corporation (CRS) closed at USD 292.26 on Thursday, October 22, 2026, down 20.62% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 368.16; the Oct 22, 2026 session ranged USD 284.27–329 on volume of 2,751,637 shares. Market capitalization is $14.48B, with a 52-week range of USD 262.25–625.99 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 07:54 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CRS.md
Key facts (CRS)
- Last four reported quarters (through Jun 30, 2026): revenue $3.12B, net income $530M (17.0% margin), free cash flow $362M (SEC filings).
- Valuation: P/E 27.3x (avg 41.9x at the last 3 fiscal year-ends), EV/EBITDA 17.4x, net debt $297M.
- 3 of 80 tracked superinvestors hold CRS (13F, Q2 2026): 0 new, 0 added, 3 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (8 analysts), mean target USD 512 (range 361–620).
- Total return with dividends: 1Y -2.5% vs S&P 500 +14.9%; 5Y +867.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 2.93, revenue estimate $794M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CRS)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.84B | $2.55B | $2.76B | $2.88B | $3.12B | $3.12B |
| Gross profit | $150M | $337M | $584M | $769M | $956M | — |
| Operating income | -$24.9M | $133M | $323M | $522M | $702M | $702M |
| Net income | -$49.1M | $56.4M | $187M | $376M | $530M | $530M |
| EPS (diluted) | -$1.01 | $1.14 | $3.70 | $7.42 | $10.52 | — |
| Free cash flow | -$85.3M | -$67.6M | $178M | $286M | $362M | $362M |
| Gross margin | 8.2% | 13.2% | 21.2% | 26.7% | 30.6% | — |
| Operating margin | -1.4% | 5.2% | 11.7% | 18.1% | 22.5% | 22.5% |
| Net margin | -2.7% | 2.2% | 6.8% | 13.1% | 17.0% | 17.0% |
| Revenue growth | +24.4% | +38.9% | +8.2% | +4.3% | +8.6% | — |
| Cash + short-term investments | $154M | $44.5M | $199M | $316M | $393M | — |
| Total debt | $692M | $693M | $694M | $695M | $691M | — |
Fiscal years end Jun. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CRS)
P/E 27.3x · P/S 4.6x · EV/EBITDA 17.4x · EV/Sales 4.7x · P/FCF 40.0x · P/B 6.5x · FCF yield 2.50% · Earnings yield 3.66% · Dividend yield (paid, TTM) 0.28% · Buyback yield (TTM) 1.24% · Net debt $297M · EV $14.8B
P/E at fiscal year-ends: Jun 2026 58.7x, Jun 2025 37.3x, Jun 2024 29.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (CRS)
3 of 80 tracked investors hold CRS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Stephen Mandel | Lone Pine Capital | 3.63% | $594M | Reduced -47.0% |
| Daniel Loeb | Third Point | 2.86% | $133M | Reduced -30.6% |
| Polen Capital | Polen Capital Management | 0.04% | $4.2M | Reduced -45.6% |
Analysts (CRS)
Consensus Buy (mean 2.00 on a 1–5 scale), 8 analysts; mean target USD 512 (low 361, high 620).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | JP Morgan | Target lowered | Overweight | $700 → $520 |
| 2026-10-09 | TD Cowen | Target lowered | Buy | $650 → $500 |
| 2026-10-08 | Keybanc | Target lowered | Overweight | $608 → $465 |
| 2026-09-30 | Wells Fargo | Target lowered | Equal-Weight | $540 → $430 |
| 2026-08-04 | Wells Fargo | Target raised | Equal-Weight | $425 → $540 |
| 2026-08-03 | Keybanc | Target lowered | Overweight | $644 → $608 |
| 2026-07-31 | JP Morgan | Target lowered | Overweight | $705 → $700 |
| 2026-07-31 | Susquehanna | Target lowered | Positive | $680 → $600 |
| 2026-07-31 | BTIG | Target raised | Buy | $450 → $620 |
| 2026-07-14 | JP Morgan | Target raised | Overweight | $470 → $705 |
| 2026-07-13 | TD Cowen | Target raised | Buy | $470 → $650 |
| 2026-07-09 | Susquehanna | Target raised | Positive | $495 → $680 |
Total return (dividends reinvested) (CRS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -2.5% | +867.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -2.5% | +57.3% |
| Volatility (annualized) | 48.9% | 48.3% |
| Max drawdown | -52.8% (Jul 2026→Oct 2026) | -51.5% (Jul 2026→Oct 2026) |
CRS revenue by business segment (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Specialty Alloys Operations | $730.4M | 91.5% | +10.7% |
| Performance Engineered Products | $91.1M | 11.4% | -2.7% |
| Total revenue | $798.2M | 100% | — |
CRS revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Aerospace and Defense | $509.2M | 63.8% | +13.9% |
| Industrial and Consumer | $97.5M | 12.2% | +14.6% |
| Medical | $56.3M | 7.1% | +6.4% |
| Energy | $43.1M | 5.4% | -20.0% |
| Transportation | $24.3M | 3.0% | +17.4% |
| Total revenue | $798.2M | 100% | — |
CRS revenue by region (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $464.6M | 58.2% | +7.4% |
| Europe | $155.5M | 19.5% | -6.4% |
| Asia Pacific | $101.3M | 12.7% | +21.9% |
| Mexico | $48.8M | 6.1% | +96.8% |
| Canada | $17.4M | 2.2% | +20.8% |
| Other | $10.6M | 1.3% | -17.2% |
| Total revenue | $798.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CRS company outlook (results filed Oct 22, 2026)
- “Further, in the strong demand environment, pricing continues to strengthen across our business." "We maintain our recently communicated fiscal year 2027 operating income outlook of $850 million to $880 million and our fiscal year 2029 operating income target of $1.2 billion to $1.3 billion which reflects the accelerating demand envir”
Quoted word-for-word from the SEC 8-K results press release.
CRS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $2.93 | $2.86 | +2.4% | $794.4M | 2 |
| Next quarter (ends Mar 2027) | $3.46 | $3.40 | +1.8% | $879.8M | 2 |
| Current fiscal year (ends Jun 2027) | $13.48 | $12.91 | +4.4% | $3.39B | 4 |
| Next fiscal year (ends Jun 2028) | $15.94 | $15.36 | +3.8% | $3.84B | 5 |
CRS options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 29 | 51.5% | ±11.7% |
| Dec 18, 2026 | 57 | 47.9% | ±15.1% |
| Jan 15, 2027 | 85 | 46.9% | ±18.0% |
| Mar 19, 2027 | 148 | 48.4% | ±24.3% |
| Jun 17, 2027 | 238 | 48.5% | ±30.8% |
30-day implied volatility 51.1% vs 68.6% realized over the last 30 trading days. Put/call ratio (volume) 0.3. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:54 UTC)
| Price | USD 292.26 |
|---|---|
| Change | ▼ 20.62% (down) |
| Previous Close | USD 368.16 |
| Open | USD 330 |
| Day Range | USD 284.27 – 329 |
| 52-Week Range | USD 262.25 – 625.99 |
| Volume | 2,751,637 shares |
| Market Cap | $14.48B |
| Exchange | NYQ |
Technical Analysis (CRS)
Nexqual's technical model rates CRS "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 07:54 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 8.65 (oversold) |
| vs SMA50 | Below (USD 429.52) |
| MACD | -22.51 (negative) |
Analyst Ratings (CRS)
Wall Street analysts rate CRS "Buy" based on 8 analysts, with a mean price target of USD 512 (range USD 361–620), per Nexqual as of October 23, 2026 at 07:54 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 512 |
| High Target | USD 620 |
| Low Target | USD 361 |
| Buy / Hold / Sell | 7 / 1 / 0 |
Earnings (CRS)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 2.93 |
| Revenue Estimate | $794.45M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 3.25 vs est 3.03 ▲ beat |
| 2026-06-30 | USD 3.23 vs est 3.08 ▲ beat |
| 2026-03-31 | USD 2.77 vs est 2.64 ▲ beat |
| 2025-12-31 | USD 2.33 vs est 2.22 ▲ beat |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financials & Fundamentals (CRS)
| Total Revenue | $3.12B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.60% |
| Gross Margin | +30.58% |
| Operating Margin | +24.08% |
| Profit Margin | +16.96% |
| ROE | +25.75% |
| Debt / Equity | 0.33 |
| Current Ratio | 3.81 |
| Total Cash | $393.30M |
| Total Debt | $727.50M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $362.30M (11.6% of revenue) |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financial Health Score (CRS)
Nexqual rates Carpenter Technology Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 07:54 UTC.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 31%, operating 24% (last 12 months) |
| Balance Sheet | Strong — $393M cash and investments vs $691M debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $362M (last 4 quarters to Jun 2026, SEC), 12% margin |
| Efficiency | Strong — ROE 26%, ROA 11.9% |
Ownership (CRS)
| Insider Ownership | +2.49% |
|---|---|
| Institutional Ownership | +95.62% |
| Shares Outstanding | 49.56M |
| Float | 48.39M |
| Short % of Float | +2.98% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Leadership (CRS)
Carpenter Technology Corporation is led by Suniti Moudgil, VP & Chief Technology Officer, per Nexqual as of October 23, 2026 at 07:54 UTC.
| VP & Chief Technology Officer | Suniti Moudgil |
|---|---|
| VP of Finance - Global Operations & SAO Group CFO | Thomas F. Cramsey |
Major Backers & Investors (CRS)
Notable institutional backers of Carpenter Technology Corporation include FMR, LLC, Invesco, AQR Capital Management, LLC, according to Nexqual as of October 23, 2026 at 07:54 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 8.44% |
| Invesco | 3.19% |
| AQR Capital Management, LLC | 2.94% |
| Fidelity | 2.54% |
| Jennison Associates LLC | 2.41% |
| JPMorgan | 2.39% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.54% |
| Vanguard Group | 8.63% |
| State Street | 3.85% |
| Geode Capital | 2.03% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
From Carpenter Technology Corporation's Latest SEC 10-K Filing (filed 2026-08-12)
Key Strengths & Strategy (as disclosed to the SEC)
- We are proactive in our approach to safety, working to eliminate hazards before causing injury or harm.
- We have built an organizational culture that seeks to be transparent, supportive of work/life balance, welcoming of diverse viewpoints, treating all with dignity and respect and supporting each individual's needs for professional growth and development.
Legal & Regulatory Risks (Item 1A, quoted)
- Our manufacturing processes, and the manufacturing processes of many of our suppliers and customers, are energy intensive and generate carbon dioxide and other "Greenhouse Gases," and pending legislation or regulation of Greenhouse Gases, if enacted or adopted in an onerous form, could have a material adverse impact on our results of operations, financial condition and cash flows.
- Product liability and product quality claims could adversely affect our operating results.
- Our business subjects us to risks of litigation claims, as a routine matter, and this risk increases the potential for a loss that might not be covered by insurance.
- Regulations related to conflict minerals could adversely impact our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:54 UTC. This page is informational and not investment advice.
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