CRS
Carpenter Technology Corporation

Carpenter Technology CorporationCRS

Industrials · Metal Fabrication
400.02USD
-0.71%
Sep 23, 2026
CRS overview ready
Specialty-Alloy Producer Supplying Qualified High-Performance Materials for Critical Applications
Carpenter is a specialty-alloy producer and processor whose melt, powder-metallurgy, titanium, and conversion capabilities supply qualified high-performance materials into aerospace, defense, medical, energy, and industrial applications.
Strong narrative exposure
Exposed to the Critical Minerals Supply Security narrative through Strategic Alloys and Materials Processing — bottleneck supplier.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Exposure to cyclical aerospace and defense spending.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 1

Conviction Level

NarrativeHeat7.5ThemeHeat7.2PriceAction3.4Valuation1.9CompanyPosition9.3
Price
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Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$19.8B
Avg Volume (60D)
762.5K
60 sessions
Revenue Growth YoY
+8.6%
FY2026 vs FY2025
Gross Margin
+30.6%
Trailing twelve months
Operating Margin
+22.5%
Trailing twelve months
Free Cash Flow Yield
+1.8%
Distance from 200DMA
-8.7%
Next Earnings
2026-10-22
P/E
37.4x
EV / Sales
6.4x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Carpenter Technology Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Carpenter is a specialty-alloy producer and processor whose melt, powder-metallurgy, titanium, and conversion capabilities supply qualified high-performance materials into aerospace, defense, medical, energy, and industrial applications.
Opportunity
High opportunity
Domestic processing capacity for qualification-intensive, high-performance metallic alloys used where aerospace, defense, energy, and other critical applications require assured supply, stringent metallurgy, and difficult-to-replicate production capability.
Key risk
Exposure to cyclical aerospace and defense spending.

Narrative & Theme

Critical Minerals Supply Security
Part of Strategic Alloys and Materials Processing, with strong fit.
CRS is a strong fit for strategic-alloys processing: its value is not generic metals exposure but qualified production of nickel-, cobalt-, titanium-, and high-strength alloy products for mission-critical applications.
Narrative HeatHeating up7.5 / 10
Theme HeatHeating up7.2 / 10

Business & Markets

Industrials · Metal Fabrication
What they do

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals and metal products across multiple global regions through its two segments: Specialty Alloys Operations and Performance Engineered Products.

How it earns

The company generates revenue primarily through transactional sales of specialty metals, metal powders, and fabricated parts to industrial customers.

Products & services
Titanium alloys
Powder metals
Stainless steels
Alloy steels
Tool steels
Metal powders
Fabricated metal parts
Customers & end markets
Aerospace
Defense
Medical
Transportation
Energy
Industrial
Consumer markets
Market position

Leader in specialty metals with a differentiated product portfolio and established customer base.

Demand drivers
Medium cyclicality

Demand is influenced by capital spending cycles in aerospace, defense, and industrial sectors.

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