# Carpenter Technology share price today (Carpenter Technology Corporation, CRS)

> Carpenter Technology Corporation's multiple is near its low because earnings grew even faster than a 9× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 10% of its own 4-year history. CRS · Industrials · Metal Fabrication · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/crs

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $296.72 (−6.1% in a year)
- P/E: 26.2× (lower than 90% of the last 3.6 years)
- Revenue (Sep 2026): $798 M (+8.8% on a year ago)
- Profit (Sep 2026): $162 M (+32.6% on a year ago)
- Operating margin: 24.7% (+4.0 points on a year ago)
- ROE: 24%, FY26
- ROIC: 22.7%, against a 11.0% cost of capital: +11.7 points

The main question: yearly earnings per share moved +41.8% while the share price moved −6.1%. ## What is the Carpenter Technology share price today? Carpenter Technology Corporation's share price was $296.72 at the close on 3 November 2026. It has been moving sideways for 8 weeks. That is 33.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between $283 and $604, and at that close it sat 4% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 11 weeks running. Over the last 10 years the share price moved +713% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 21 August 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Carpenter Technology pay? Carpenter Technology Corporation paid $0.80 per share over the last four reported quarters. The most recent declaration was $0.20 for Sep 2026. At today's price of $296.72 that is a yield of 0.27%, based on dividends already paid, not a forecast. ## Which stock lists is Carpenter Technology on? Carpenter Technology is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Carpenter Technology profitable? Carpenter Technology Corporation earned $162 M of net profit in the Sep 2026 quarter, +32.6% on the same quarter a year earlier. That is the 10th quarter in a row of profit growth. Full-year FY26 profit was $530 M. That is 20.3% of the quarter's revenue. The same quarter a year earlier earned $123 M. For the full year, FY26 profit was $530 M (+40.9% on the year before). Why profit moved: revenue changed +8.8% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +37.4% and revenue +10.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Carpenter Technology make, and is it growing? Carpenter Technology Corporation reported $798 M of revenue in the Sep 2026 quarter, +8.8% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 5 years it has grown 16.2% a year on average. The last full year, FY26, came in at $3.1 B. The last four reported quarters add to $3.2 B. FY26 revenue was $3.1 B, +8.6% on the year before. Recent pace: the last four quarters grew +10.1% on average, against 16.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +10.2%, against +6.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +37.7%, against +58.4% a year (rolling over). ## How much of every $100 of sales does Carpenter Technology keep? Carpenter Technology Corporation's operating margin was 24.7% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between −16.8% and 22.3%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +4.0 percentage points on the year while gross margin changed +2.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Carpenter Technology's profit turning into cash? Over the last 3 years, 121% of Carpenter Technology Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $605 M of operating cash against $530 M of profit. After $243 M of spending on assets, $362 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Carpenter Technology's cash go? Carpenter Technology Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $494 M on assets over the last 3 years. Averaged over those years that is 5.3% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $494 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Carpenter Technology's P/E ratio, and how does it compare with its own history? Carpenter Technology Corporation's P/E is 26.2×, near the low end of its own history: it has been lower only 10% of the time. Its usual P/E (the middle reading) is 38.4×, over 3.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +41.8% while the price moved −6.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +64.5% a year; about +73.8% a year came from earnings growth and about −9.3 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Carpenter Technology business getting better or worse? Carpenter Technology Corporation's business is giving mixed signals. Growth is slowing from a very fast pace: profit growth has eased from +548.0% at its peak to +37.7%, but the business is still expanding, with ROCE rising at 23.5%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Carpenter Technology earn on its capital? Carpenter Technology Corporation earned a ROE of 24% in FY26. That is up from a low of −17% in FY21. Its return on capital used (ROIC) is 11.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 17.0% net margin and 0.81× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 17.0% net margin × 0.81× asset turnover × 1.72× leverage (assets divided by equity) ≈ 23.7% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 22.7% − 11.0% = +11.7 percentage points. The 11.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. ## Does Carpenter Technology have too much debt? Carpenter Technology Corporation has total debt of $699 M against shareholder equity of $2.2 B as of Sep 2026, so its debt is 0.32× its equity. Year by year, that ratio went from 0.50 in FY21 to 0.33 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Carpenter Technology shareholding pattern? 2.7% of Carpenter Technology Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 1.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Carpenter Technology from balance-sheet trouble? For Carpenter Technology Corporation, the Z-score is 10.68. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 10.68 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Carpenter Technology rank in its industry? 56.2 out of 100, rank 4 of 14 in Metal Fabrication, with 81% of the evidence available. Carpenter Technology Corporation scores 56.2 out of 100 against the 14 companies it is compared with in Metal Fabrication, ranking 4. Earnings are strong; relative strength in its sector is -25.8% and the one-year return is -9.5%. The four parts add up to the total exactly: 23.8 + 19.8 + 12.6 + 0 = 56.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Carpenter Technology compared with? Carpenter Technology ranks 4 of 14 Metal Fabrication companies on the 4-Factor Sector Score, with 56.2 out of 100. 1. [Worthington Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wor) WOR · breaking out · Evidence leans up · 81% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.7/35 · Revenue 18.3% · Profit 53.8% · Operating margin change -0.6 points · 83% evidence Capital efficiency 8.0/25 · ROCE 5.6% · Operating margin 4% · 76% evidence Valuation 14.9/20 · P/E 17.2× · PEG 0.31 · 65% evidence Relative strength 18.8/20 · Lead over its industry 16.7% · Lead over S&P 500 8.3% · 1 year 16.6% · 100% evidence · 6 of 12 weeks ahead Exact sum: 20.7 + 8 + 14.9 + 18.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Ryerson Holding Corporation](https://www.sectoralpha.in/us/stocks/ryz) RYZ · turning · Too little evidence to rank firmly · 51% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Revenue 31.6% · Profit n/a · Operating margin change 0.8 points · 40% evidence Capital efficiency 6.3/25 · ROCE 1.1% · Operating margin 1.9% · 57% evidence Valuation 11.5/20 · P/E -39.1× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 25.7% · Lead over S&P 500 16.2% · 1 year 56.2% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.8 + 6.3 + 11.5 + 20 = 57.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Commercial Metals Company](https://www.sectoralpha.in/us/stocks/cmc) CMC · quiet · Evidence leans up · 71% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 20.4% · Profit 100% · Operating margin change -1.3 points · 83% evidence Capital efficiency 12.3/25 · ROCE 10.1% · Operating margin 8.8% · 76% evidence Valuation 10.7/20 · P/E 11.4× · PEG n/a · 15% evidence Relative strength 11.0/20 · Lead over its industry -0.4% · Lead over S&P 500 -7.9% · 1 year 12.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 12.3 + 10.7 + 11 = 56.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Carpenter Technology Corporation this page CRS · quiet · Evidence leans up · 81% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 10.2% · Profit 37.4% · Operating margin change 4 points · 83% evidence Capital efficiency 19.8/25 · ROCE 22.6% · Operating margin 24.7% · 76% evidence Valuation 12.6/20 · P/E 33.8× · PEG 0.87 · 65% evidence Relative strength 0.0/20 · Lead over its industry -25.8% · Lead over S&P 500 -31.9% · 1 year -9.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 23.8 + 19.8 + 12.6 + 0 = 56.2 · What this means: Earnings are strong; relative strength in its sector is -25.8% and the one-year return is -9.5%. 5. [Mueller Industries, Inc.](https://www.sectoralpha.in/us/stocks/mli) MLI · quiet · Evidence leans up · 81% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 20.8% · Profit 15.3% · Operating margin change -4.7 points · 83% evidence Capital efficiency 21.5/25 · ROCE 28.3% · Operating margin 19.5% · 76% evidence Valuation 12.5/20 · P/E 15.5× · PEG 0.94 · 65% evidence Relative strength 6.0/20 · Lead over its industry -6.2% · Lead over S&P 500 -13.3% · 1 year 3.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.8 + 21.5 + 12.5 + 6 = 55.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Proto Labs, Inc.](https://www.sectoralpha.in/us/stocks/prlb) PRLB · losing its lead · Evidence leans up · 66% evidence 51.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 9.8% · Profit 100% · Operating margin change 5.1 points · 53% evidence Capital efficiency 9.9/25 · ROCE 5.7% · Operating margin 8.9% · 57% evidence Valuation 7.8/20 · P/E 63.6× · PEG 1.59 · 65% evidence Relative strength 11.0/20 · Lead over its industry 3.9% · Lead over S&P 500 -4% · 1 year 41% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.3 + 9.9 + 7.8 + 11 = 51 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Tredegar Corporation](https://www.sectoralpha.in/us/stocks/tg) TG · quiet · Too little evidence to rank firmly · 51% evidence 50.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 21.4% · Profit n/a · Operating margin change 1.4 points · 40% evidence Capital efficiency 11.6/25 · ROCE 14.1% · Operating margin 4% · 57% evidence Valuation 11.0/20 · P/E 8.2× · PEG n/a · 15% evidence Relative strength 6.7/20 · Lead over its industry -7.4% · Lead over S&P 500 -14.4% · 1 year 4.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 11.6 + 11 + 6.7 = 50.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [ATI Inc.](https://www.sectoralpha.in/us/stocks/ati) ATI · quiet · Evidence leans up · 66% evidence 50.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Revenue 4.6% · Profit 13.9% · Operating margin change 3.8 points · 53% evidence Capital efficiency 16.0/25 · ROCE 17.5% · Operating margin 18.2% · 57% evidence Valuation 3.8/20 · P/E 56.6× · PEG 3.15 · 65% evidence Relative strength 13.1/20 · Lead over its industry 16.4% · Lead over S&P 500 7.2% · 1 year 84.7% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.5 + 16 + 3.8 + 13.1 = 50.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Insteel Industries Inc.](https://www.sectoralpha.in/us/stocks/iiin) IIIN · quiet · Too little evidence to rank firmly · 58% evidence 44.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.2/35 · Revenue n/a · Profit n/a · Operating margin change -0.7 points · 45% evidence Capital efficiency 11.3/25 · ROCE 9.5% · Operating margin 5.1% · 76% evidence Valuation 9.6/20 · P/E 19.4× · PEG n/a · 15% evidence Relative strength 9.4/20 · Lead over its industry -5.6% · Lead over S&P 500 -12.6% · 1 year -8.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 14.2 + 11.3 + 9.6 + 9.4 = 44.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. Ampco-Pittsburgh Corporation AP · losing its lead · Too little evidence to rank firmly · 51% evidence 43.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 3.4% · Profit n/a · Operating margin change 3.2 points · 40% evidence Capital efficiency 7.2/25 · ROCE 4.3% · Operating margin 6.4% · 57% evidence Valuation 11.2/20 · P/E -3× · PEG n/a · 15% evidence Relative strength 8.4/20 · Lead over its industry 2% · Lead over S&P 500 -6.8% · 1 year 307.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 16.2 + 7.2 + 11.2 + 8.4 = 43 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. [ESAB Corporation](https://www.sectoralpha.in/us/stocks/esab) ESAB · basing · Too little evidence to rank firmly · 53% evidence 42.3 out of 100 Growth Capital Valuation Relative
12. [Mayville Engineering Company, Inc.](https://www.sectoralpha.in/us/stocks/mec) MEC · basing · Too little evidence to rank firmly · 51% evidence 32.8 out of 100 Growth Capital Valuation Relative
13. Xinxu Copper Industry Technology Limited XXC · Too little evidence to rank firmly · 11% evidence 54.3 out of 100 Growth Capital Valuation Relative
14. Nintech Mould Factory Inc. NTMJ · Too little evidence to rank firmly · 11% evidence 50.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Dec 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Metal Fabrication](https://www.sectoralpha.in/us/sectors/metal-fabrication), all 14 compared on one page. ## Which companies are close to Carpenter Technology in size? Carpenter Technology is the 2nd largest of 12 Metal Fabrication companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: ATI Inc. Just below it: Mueller Industries, Inc., Commercial Metals Company, ESAB Corporation, GPGI, Inc. and Worthington Enterprises, Inc. ### Metal Fabrication companies close in size

1. [ATI Inc.](https://www.sectoralpha.in/us/stocks/ati) $24.5 billion
2. Carpenter Technology Corporation $14.7 billion
3. [Mueller Industries, Inc.](https://www.sectoralpha.in/us/stocks/mli) $12.1 billion
4. [Commercial Metals Company](https://www.sectoralpha.in/us/stocks/cmc) $7.3 billion
5. [ESAB Corporation](https://www.sectoralpha.in/us/stocks/esab) $4.7 billion
6. [GPGI, Inc.](https://www.sectoralpha.in/us/stocks/gpgi) $3.4 billion
7. [Worthington Enterprises, Inc.](https://www.sectoralpha.in/us/stocks/wor) $3.1 billion

[All 12 Metal Fabrication companies, largest first](https://www.sectoralpha.in/us/sectors/metal-fabrication#all-companies)

### Companies close in size in other industries

1. [Check Point Software Technologies Ltd.](https://www.sectoralpha.in/us/stocks/chkp) $14.4 billion · Software - Infrastructure
2. [Solventum Corporation](https://www.sectoralpha.in/us/stocks/solv) $14.4 billion · Medical Instruments & Supplies
3. Carpenter Technology Corporation $14.4 billion
4. [Unum Group](https://www.sectoralpha.in/us/stocks/unm) $14.4 billion · Insurance - Life
5. [TELUS Corporation](https://www.sectoralpha.in/us/stocks/tu) $14.4 billion · Telecom Services

## What else do people ask about Carpenter Technology? ### What were Carpenter Technology's latest quarterly results? Carpenter Technology Corporation reported revenue of $798 M and net profit of $162 M for the Sep 2026 quarter. Revenue rose 8.8% and profit rose 32.6% compared with a year earlier. Earnings per share were $3.25. The operating margin was 24.7%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Carpenter Technology's market cap? Carpenter Technology Corporation's market capitalisation is $14.7 B at a stock price of $296.72. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Carpenter Technology performing? Carpenter Technology Corporation's share price has been moving sideways for 8 weeks. In its latest quarter, revenue rose 8.8% and profit rose 32.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 11 weeks running (as of 3 November 2026). ### Will Carpenter Technology's stock price go up? This page does not forecast Carpenter Technology Corporation's stock price. What it shows instead: the stock price is $296.72, and it has been moving sideways for 8 weeks. Its P/E of 26.2× is higher than 10% of its own last 4 years (as of 3 November 2026). ### Where is Carpenter Technology in its business cycle? Carpenter Technology Corporation's FY26 operating margin was 22.3%, against a 6-year range of −16.8% to 22.3%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 24.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Carpenter Technology story? The main question: yearly earnings per share moved +41.8% while the share price moved −6.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Carpenter Technology a stock worth studying right now? What the numbers show: Carpenter Technology Corporation's multiple is near its low because earnings grew even faster than a 9× rise in the share price over five years. The multiple is low because of growth, not neglect. Results are still improving, and its P/E is higher than only 10% of its own 4-year history. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.