# Carlisle Companies Incorporated (CSL)

> Source: Nexqual · https://nexqual.com/CSL · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Carlisle Companies Incorporated (CSL), nexqual.com/CSL" · informational, not investment advice.

**Price:** USD 352.6 (+3.68% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 340.1 · day 339.99–353.59 · 52w 293.43–432.91 · market cap $14.0B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $5.10B, net income $725M (14.2% margin), free cash flow $867M (SEC filings).
- Valuation: P/E 19.3x (avg 17.5x at the last 3 fiscal year-ends), EV/EBITDA 13.4x, net debt $2.22B.
- 4 of 80 tracked superinvestors hold CSL (13F, Q2 2026): 0 new, 1 added, 2 reduced, 1 unchanged.
- Analysts: Buy (mean 2.30 on a 1–5 scale) (10 analysts), mean target USD 398.25 (range 340–464).
- Total return with dividends: 1Y +5.5% vs S&P 500 +14.9%; 5Y +63.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 5.9, revenue estimate $1.42B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.84B | $5.45B | $4.59B | $5.00B | $5.02B | $5.10B |
| Gross profit | $1.10B | $1.87B | $1.63B | $1.89B | $1.79B | — |
| Operating income | $573M | $1.20B | $983M | $1.14B | $1.00B | $1.02B |
| Net income | $422M | $924M | $767M | $1.31B | $741M | $725M |
| EPS (diluted) | $7.91 | $17.56 | $15.18 | $27.82 | $17.12 | — |
| Free cash flow | $287M | $817M | $1.06B | $917M | $971M | $867M |
| Gross margin | 28.6% | 34.2% | 35.6% | 37.7% | 35.7% | — |
| Operating margin | 14.9% | 22.1% | 21.4% | 22.8% | 20.0% | 19.9% |
| Net margin | 11.0% | 17.0% | 16.7% | 26.2% | 14.8% | 14.2% |
| Revenue growth | -3.4% | +42.0% | -15.8% | +9.1% | +0.3% | — |
| Cash + short-term investments | $324M | $365M | $577M | $754M | $1.11B | — |
| Total debt | $2.93B | $2.58B | $2.29B | $1.89B | $2.89B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 19.3x · P/S 2.8x · EV/EBITDA 13.4x · EV/Sales 3.2x · P/FCF 16.2x · P/B 8.7x · FCF yield 6.19% · Earnings yield 5.17% · Dividend yield (paid, TTM) 1.31% · Buyback yield (TTM) 7.86% · Net debt $2.22B · EV $16.2B
P/E at fiscal year-ends: Dec 2025 18.7x, Dec 2024 13.2x, Dec 2023 20.5x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold CSL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| AKO Capital |  | 1.62% | $69.4M | Reduced -5.0% |
| First Eagle Investment | First Eagle Investment Management | 0.75% | $448M | Added +55.6% |
| First Pacific Advisors |  | 0.01% | $955K | Unchanged |
| Bill Nygren | Oakmark Funds | <0.01% | $1.7M | Reduced -8.4% |

## Analysts
Consensus Buy (mean 2.30 on a 1–5 scale), 10 analysts; mean target USD 398.25 (low 340, high 464).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Baird | Target lowered | Outperform | $412 → $402 |
| 2026-08-25 | DA Davidson | Initiated | Neutral | $410 |
| 2026-07-20 | Baird | Target lowered | Outperform | $425 → $405 |
| 2026-07-07 | Truist Securities | Target lowered | Hold | $360 → $340 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +5.5% | +63.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +5.5% | +10.3% |
| Volatility (annualized) | 36.7% | 32.7% |
| Max drawdown | -24.3% (Feb 2026→Sep 2026) | -34.0% (Oct 2024→Nov 2025) |

## Peers (Building Products & Equipment)
LII (Lennox International, Inc.) USD 378.72 +3.37% · MAS (Masco Corporation) USD 78.05 +4.68% · MAIR (Madison Air Solutions Corporati) USD 23.08 -0.60% · WMS (Advanced Drainage Systems, Inc.) USD 130.92 +0.71% · OC (Owens Corning Inc) USD 116.49 +3.80% · SPXC (SPX Technologies, Inc.) USD 160.01 -4.83%

## More
Full page: https://nexqual.com/CSL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name CSL in their own reports (relationship from CSL's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | TITAN INTERNATIONAL INC (TWI) | 10-K 2026-02-26 | "We also have a trademark license agreement with Carlisle Companies, Inc. to manufacture and sell certain tires under the Carlisle® brand." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| CCM | $1.18B | 75.2% | +7.8% | $338.1M | 28.6% |
| Carlisle Weatherproofing Technologies | $389.0M | 24.8% | +9.9% | $41.8M | 10.7% |
| Corporate costs (not allocated) | — | — | — | $27.4M | — |
| Total revenue | $1.57B | 100% | — | $379.9M | 24.2% |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $1.41B | 89.9% | +7.6% |
| Total international | $158.3M | 10.1% | +15.6% |
| — Europe (part of Total international) | $83.2M | 5.3% | +20.9% |
| — North America (excluding U.S.) (part of Total international) | $65.6M | 4.2% | +12.1% |
| — Other (part of Total international) | $9.5M | 0.6% | -1.0% |
| Total revenue | $1.57B | 100% | — |

## Customer concentration

Period ended 2025-12-31: 16.7%, 16.3% of revenue from unnamed direct customers (10-K, filed 2026-02-13).

## Company outlook (8-K filed 2026-07-29)

- "Outlook • FY 2026 consolidated revenues up mid-single-digit percentage year-over-year ◦ CCM up mid-single-digit percentage year-over-year ◦ CWT up mid-single-digit percentage year-over-year • FY 2026 adjusted EBITDA margins flat Conference Call and Webcast Carlisle will discuss second quarter 2026 results on a conference call at 5:00 p.m."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $5.90 | $6.24 | -5.4% | $1.42B | 10 |
| Next quarter (ends 2026-12-31) | $4.51 | $4.41 | +2.1% | $1.21B | 10 |
| Current fiscal year (ends 2026-12-31) | $21.08 | $20.63 | +2.2% | $5.26B | 10 |
| Next fiscal year (ends 2027-12-31) | $23.95 | $23.28 | +2.8% | $5.52B | 10 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-28): ±10.1%; last 8 reports averaged ±8.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 44.7% | ±10.1% |
| 2026-12-18 | 56 | 38.7% | ±12.1% |
| 2027-03-19 | 147 | 36.4% | ±18.3% |
| 2027-06-17 | 237 | 36.3% | ±23.0% |