Filing Flows › Carpenter Technology (CRS) › Q4 FY25
Carpenter Technology (CRS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 12, 2025
Carpenter Technology (CRS) reported revenue of $756M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +4% from the quarter before. Operating margin was 20.0%, net earnings $112M (14.8% of revenue).
Carpenter Technology, Q4 FY25: revenue $756M (-5% year over year), operating margin 20.0%, net earnings $112M, operating cash flow $258M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $756M | +4% | -5% |
| Gross profit | $214M | +7% | +12% |
| Operating profit | $151M | +10% | +40% |
| Net earnings | $112M | +17% | +19% |
| Operating cash flow | $258M | +248% | +52% |
| Free cash flow | $200M | +489% | +41% |
What changed
Revenue was $755.6M in Q4 FY25, down 5% year over year and up 4% from the previous quarter. Aerospace and Defense was the largest line at 61% of revenue.
Gross margin was 28.3%, up 4.4 points from a year earlier. Operating profit was $151.4M, a 20.0% margin (up 6.5 points year over year). Operating expenses fell 24% while revenue fell 5%. Net earnings were $111.7M, up 19% year over year. The effective tax rate was 19.7%.
Operating cash flow was $258.1M (up 52% year over year), 231% of net earnings. Non-cash charges added back $35.6M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $104.2M. Capital expenditures of $58.0M left free cash flow of $200.1M.
Questions
What was Carpenter Technology's revenue in the fourth quarter fiscal 2025?
Carpenter Technology (CRS) reported revenue of $756M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +4% from the quarter before.
Was Carpenter Technology profitable in the fourth quarter fiscal 2025?
Operating profit was $151M (20.0% of revenue) and net earnings $112M.