CRSCARPENTER TECHNOLOGY CORP
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
- Revenue
- $3.1B
- 8.6% YoY
- Operating margin
- 22.5%
- 24% YoY
- EBITDA
- $849M
- 28% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.6×
- $533M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear114% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear36% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.6B | $2.8B | $2.9B | $3.1B | 8.6% |
| Operating income | −$25M | $133M | $323M | $522M | $702M | 35% |
| Net income | −$49M | $56M | $187M | $376M | $530M | 41% |
| Operating cash flow | $6M | $15M | $275M | $440M | $605M | 37% |
| Capex | $91M | $82M | $97M | $154M | $243M | 57% |
| Stock-based comp | $11M | $16M | $20M | $23M | $26M | 16% |
| Buybacks | — | $0 | $0 | $102M | $179M | 76% |
| Dividends | $39M | $39M | $40M | $40M | $40M | 0.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 3
- Net
- −$4M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $12M | $72M | 1634 | 154 |
| FY2025 | $8M | $51M | 1249 | 139 |
| FY2024 | $7M | $26M | 255 | 155 |
| FY2023 | $6M | $16M | 120 | 153 |
| FY2022 | $5M | $2M | 83 | 147 |