Carpenter Technology Corp. (CRS) intrinsic value & 10-year financials
Carpenter Technology Corp. (CRS) has a Graham intrinsic value of $246.46 per share. At $377.09 on Oct 17, 2026, the stock trades 53% above that value. Over the last 10 fiscal years revenue grew 5.3% a year to $2.9B, with an average return on invested capital of 5.2%.
- Graham intrinsic value
- $246.46
- Share price (Oct 17, 2026)
- $377.09
- Price vs Graham value
- 53% above
- Market cap
- $19.1B
- Revenue (FY2025)
- $2.9B
- Revenue growth (10-yr CAGR)
- 5.3%
- ROIC (10-yr avg)
- 5.2%
- Free cash flow (FY2025)
- $286.1M
CRS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.9B | $376.0M | $7.42 | $286.1M | 18.1% | 18.8% |
| FY2024 | $2.8B | $186.5M | $3.70 | $178.3M | 11.7% | 13.4% |
| FY2023 | $2.6B | $56.4M | $1.14 | -$67.6M | 5.2% | 5.2% |
| FY2022 | $1.8B | -$49.1M | -$1.01 | -$85.3M | -1.4% | -1.0% |
| FY2021 | $1.5B | -$229.6M | -$4.76 | $149.5M | -16.8% | -9.9% |
| FY2020 | $2.2B | $1.5M | $0.02 | $60.4M | 1.2% | 0.6% |
| FY2019 | $2.4B | $167.0M | $3.43 | $52.1M | 10.1% | 9.3% |
| FY2018 | $2.2B | $188.5M | $3.92 | $74.2M | 8.7% | 10.1% |
| FY2017 | $1.8B | $47.0M | $0.99 | $30.8M | 5.4% | 3.9% |
| FY2016 | $1.8B | $11.3M | $0.23 | $161.7M | 2.8% | 1.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CARPENTER TECHNOLOGY CORP has demonstrated mature, steady growth, with revenue compounding at 5.3% annually over the past decade.
CARPENTER TECHNOLOGY CORP has historically struggled to out-earn its cost of capital, averaging just 5.2% ROIC.
CARPENTER TECHNOLOGY CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CARPENTER TECHNOLOGY CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $246.46 per share.