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Carpenter Technology CRS

Carpenter Technology scores good on business quality (6.3 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$385.81Oct 10, 2026
Business qualityGood
Next earningsOct 22, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Carpenter Technology does

    Carpenter Technology makes specialty alloys and high-performance materials. Aerospace and defense customers pay them for critical components that withstand extreme environments. The business focuses on scaling output for high-demand specialized metal production.

  2. What it does best

    Specialized alloy manufacturing anchors its position, yielding an operating margin of 22.5% that outpaces peer ATI's 16.8%. This capability relies on complex metallurgy expertise that prevents easy replication.

  3. The main risk

    Heavy reliance on aerospace and defense end markets exposes the company to program delays and supply chain bottlenecks that could restrict volume delivery.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin hits 22.5% and ROE reaches 25.9%, demonstrating that specialized production yields strong pricing power as volume scales.

MoatWeak

Proprietary alloy formulations lock in aerospace manufacturers who face strict regulatory qualification hurdles for materials.

GrowthSteady

Revenue grew 8.6% to reach $3.1 billion, continuing a steady multi-year acceleration visible in the annual history.

Financial healthStrong

Interest coverage sits at 18.5x, making debt service manageable while net debt drops to $298 million alongside $362 million in free cash flow.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

3 sold $54.6M outside pre-planned sales.

Our sealed record on CRS

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is CRS a good business?

Carpenter Technology scores good on the Cluenex quality check (6.3 of 10), measured against its own industry. Profitability is strong, moat weak, growth steady and financial health strong.

Are insiders buying CRS?

In the last 90 days of SEC Form 4 filings: 3 sold $54.6M outside pre-planned sales.

When does CRS report earnings?

Oct 22, 2026.

For members

See CRS today

  • Today's verdict on CRS, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Carpenter Technology (CRS)”, https://cluenex.com/stocks/crs/, data as of Oct 10, 2026.