“The fiscal year 2025 results reflect higher demand in the power generation sub-market for both new and refurbished industrial gas turbines partially offset by decreased rig counts and decreased shipments for material used in the oil and gas sub-market compare…”10-K · Aug 12, 2026 ↗
Carpenter Technology Corporation
CRS
Market read
Carpenter Technology Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Capital spending increased with the brownfield expansion in Athens, Alabama, raising the amount of cash committed to the operating footprint.
- Tax valuation allowances increased as certain jurisdictions generated additional net operating losses without recognized tax benefits.
Invalidation: The isolated read changes if CRS's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Capital spending increased with the brownfield expansion in Athens, Alabama, raising the amount of cash committed to the operating footprint.
- Tax valuation allowances increased as certain jurisdictions generated additional net operating losses without recognized tax benefits.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +8.6% year over year.
- Operating margin changed +4.3 percentage points in the latest annual period.
- Net margin changed +3.9 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Pricing and mix has repeated favorable evidence across 4 filings.
No qualifying adverse evidence was identified; that is not proof there is no downside.
- P/E is 39% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 20% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
443.37Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Special items included in fiscal year 2024 operating income include a $14.1 million noncash goodwill impairment charge related to the Latrobe Distribution reporting unit in the PEP segment and restructuring and asset impairment charges of $16.9 million as a r…”10-K · Aug 12, 2026 ↗
“The lower interest expense, net in fiscal year 2025 is largely due to less short-term borrowings under our Credit Facility and higher capitalized interest compared to fiscal year 2024.”10-K · Aug 12, 2026 ↗
“The higher sales excluding surcharge revenue in the SAO segment reflect double-digit percentage growth in the end-use markets of Aerospace and Defense and Energy driven by realized price increases and improving product mix compared to fiscal year 2024.”10-K · Aug 12, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 7.2× · EV/sales 7.2×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CRS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CRS. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CRS
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
ATIATI Inc.competitorFeb 20, 2026 ▾
“Principal competitors in the HPMC segment include: Berkshire Hathaway Inc., for nickel-based alloys and superalloys and specialty steel alloys, titanium and titanium-based alloys, and precision forgings through its ownership of Precision Castparts Corporation…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CRS is currently a Leader in the organic co-movement group Specialty Metals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CRS; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.