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Carpenter Technology (CRS) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Oct 22, 2026 · Carpenter Technology (CRS) Q1 FY27 earnings results →
Q1 FY27 Revenue up 9% year over year to $798M · 20¢ of every $1 of revenue kept as net profit · operating margin 24.6%
Carpenter Technology made $798M in Q1 FY27 (+9% Y/Y): Aerospace and Defense $535M, Industrial and Consumer $103M, Medical $65.5M. Operating margin 24.6%, net earnings $162M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $798.2M in Q1 FY27, up 9% year over year and down 6% from the previous quarter. Aerospace and Defense was the largest line at 67% of revenue. Aerospace and Defense added $63.7M year over year (up 14%), 99% of the total change. Energy declined 15%.
Gross margin was 32.1%, up 2.6 points from Q1 FY26. Operating profit was $196.4M, a 24.6% margin (up 3.7 points year over year). Of the extra revenue versus Q1 FY26, 67% reached operating profit, above the 21% margin then. Operating expenses fell 5% while revenue rose 9%. Net earnings were $162.5M, up 33% year over year. The effective tax rate was 15.5%.
Operating cash flow was $52.8M (up 35% year over year), 32% of net earnings. Non-cash charges added back $36.6M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $152.7M. Capital expenditures of $77.7M exceeded it, leaving free cash flow of −$24.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Oct 22, 2026 | $798M | +9% | 24.6% | $162M | $52.8M |
| Q4 FY26 | 10-K | Aug 12, 2026 | $851M | +13% | 24.3% | $162M | $240M |
| Q3 FY26 | 10-Q | Apr 29, 2026 | $812M | +12% | 23.0% | $140M | $194M |
| Q2 FY26 | 10-Q | Jan 29, 2026 | $728M | +8% | 21.3% | $105M | $132M |
| Q1 FY26 | 10-Q | Oct 23, 2025 | $734M | +2% | 20.9% | $122M | $39.2M |
| Q4 FY25 | 10-K | Aug 12, 2025 | $756M | -5% | 20.0% | $112M | $258M |
| Q3 FY25 | 10-Q | Apr 24, 2025 | $727M | +6% | 19.0% | $95.4M | $74.2M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Carpenter Technology
Carpenter Technology Corporation, founded in 1889, is engaged in the manufacturing, fabrication and distribution of specialty metals. As used throughout this report, unless the context requires otherwise, the terms "Carpenter," "Carpenter Technology," "Company," "Registrant," "Issuer," "we" and "our" refer to Carpenter Technology Corporation. We are organized in two reportable business segments: Specialty Alloys Operations ("SAO") and Performance Engineered Products ("PEP"). See Note 20 to our consolidated financial statements included in Item 8. "Financial Statements and Supplementary Data" for additional segment reporting information.
In its own words, from its 10-K, filed Aug 12, 2026.
Carpenter Technology against its Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +10%. Operating margin: 24.6% against the peers' median 9.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CRS Carpenter Technology | Q1 FY27 | $798M | +9% | 24.6% |
| NUE Nucor | Q3 2026 | $11.2B | +32% | 15.2% |
| STLD Steel Dynamics | Q3 2026 | $6.5B | +35% | 15.5% |
| CMC Commercial Metals | Q4 FY26 | $2.7B | +26% | 8.6% |
| SXC SunCoke Energy | Q3 2026 | $486M | -0.2% | 8.4% |
| MTUS Metallus | Q3 2026 | $337M | +10% | 9.6% |
| TWI Titan International | Q3 2026 | $335M | -6% | -0.3% |
Source: Carpenter Technology 10-Q on SEC EDGAR · CIK 17843 · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
13F: who owns CRS and who is buying
More on CRS
- How Carpenter Technology makes money: revenue by segment
- Carpenter Technology stock forecast, price target and fair value
- Who owns Carpenter Technology stock: holders, funds and Congress trades
- Carpenter Technology guidance and outlook
- Is Carpenter Technology a takeover target? LBO and rumors
- Carpenter Technology recalls, complaints and regulation
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results
- Carpenter Technology guidance history: guided vs reported
- Carpenter Technology gross margin by quarter
- Carpenter Technology operating margin by quarter
- Carpenter Technology net income by quarter
- Carpenter Technology free cash flow by quarter
- Carpenter Technology capital expenditures by quarter
- Carpenter Technology Aerospace and Defense revenue by quarter
- Carpenter Technology Industrial and Consumer revenue by quarter
- Carpenter Technology Medical revenue by quarter
Compare CRS with
- Carpenter Technology vs Nucor (CRS vs NUE)
- Carpenter Technology vs Steel Dynamics (CRS vs STLD)
- Carpenter Technology vs Commercial Metals (CRS vs CMC)
- Carpenter Technology vs SunCoke Energy (CRS vs SXC)
- Carpenter Technology vs Metallus (CRS vs MTUS)
- Carpenter Technology vs Titan International (CRS vs TWI)