CRS
Carpenter Technology Corporation

Carpenter Technology CorporationCRS

Industrials · Metal Fabrication
278.31USD
-0.20%
Nov 08, 2026
CRS overview ready
Supplier of qualified high-performance specialty alloys for critical industries
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.
Theme not measured
Aerospace Specialty Alloys has no leadership state this session.
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
Cyclicality in aerospace and industrial end markets.
Market Nov 6Filing Sep 30Price action Nov 7Research Sep 1

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction1.4BusinessPerformance4.0BusinessQuality6.3Valuation3.4ThemeMomentum—Decelerating — Revenue is still growing (+8.8% YoY), but growth has slowed, down from +13%. Diluted EPS is up 34% year over year ($3.25), but growth has slowed from +47%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Aerospace Specialty Alloys — Aerospace Specialty Alloys has only one or two priced members — no leadership state
Its economic family, Aerospace & Defense, reads Lagging (+0.8pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

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.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$13.8B
Avg Volume (60D)
1000.0K
60 sessions
Revenue Growth YoY
+8.6%
FY2026 vs FY2025
Gross Margin
+31.2%
Trailing twelve months
Operating Margin
+23.4%
Trailing twelve months
Free Cash Flow Yield
+2.5%
Distance from 200DMA
-37.0%
Next Earnings
2027-01-28
P/E
24.2x
EV / EBITDA
16.0x
EV / Sales
4.5x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Decelerating

Revenue is still growing (+8.8% YoY), but growth has slowed, down from +13%. Diluted EPS is up 34% year over year ($3.25), but growth has slowed from +47%.

Latest reported: Q1 FY2027, ended Sep 30
Revenue growthSlowing
+8.8%
$798M in Q1 FY2027 · YoY
YoY growth, last 4 quarters
  1. +7.5%
  2. +12%
  3. +13%
  4. +8.8%
Earnings growthSlowing
+34%
Diluted EPS $3.25 vs $2.43 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +26%
  2. +47%
  3. +46%
  4. +34%
Operating marginExpanding
24.6%
+3.7 pp YoY · gross margin 32.1% (+2.6 pp)

Business Quality

6.3 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
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
Cyclicality in aerospace and industrial end markets.

Economic classification

Loading the economic classification…

Business & Markets

Industrials · Metal Fabrication
What they do

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals and alloys globally, operating through Specialty Alloys Operations and Performance Engineered Products segments.

How it earns

The company generates revenue primarily through transactional sales of specialty metal products 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

Niche leader in specialty alloy production and processing with melt, powder metallurgy, and titanium capabilities.

Demand drivers
Medium cyclicality

Demand is influenced by aerospace and industrial capital spending cycles but supported by critical applications requiring specialty materials.

Related companies

Finding other covered companies in the same part of this story…