Filing Flows › Carpenter Technology (CRS) › Q4 FY26 › vs Q3 FY26
Carpenter Technology (CRS) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Carpenter Technology's revenue rose $39.5M (+5%) from $812M in Q3 FY26 to $851M in Q4 FY26. The biggest changes: Aerospace and Defense +$23.8M (+4%); Industrial and Consumer +$20.3M (+21%); Energy −$12.9M (-19%). Gross margin 31.6% against 31.0% (+0.6 pts).
Carpenter Technology, Q4 FY26: revenue $851M (+13% year over year), operating margin 24.3%, net earnings $162M, operating cash flow $240M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 31.6% | 31.0% | +0.6 pts |
| Operating margin | 24.3% | 23.0% | +1.3 pts |
| Net margin | 19.1% | 17.2% | +1.9 pts |
| Free cash flow margin | 18.2% | 15.4% | +2.8 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Aerospace and Defense | $558M | $534M | $23.8M | +4% |
| Industrial and Consumer | $117M | $97.0M | $20.3M | +21% |
| Medical | $67.4M | $65.8M | $1.6M | +2% |
| Energy | $56.1M | $69.0M | −$12.9M | -19% |
| Transportation | $30.2M | $24.7M | $5.5M | +22% |
| Distribution | $22.0M | $20.8M | $1.2M | +6% |
| Revenue | $851M | $812M | $39.5M | +5% |
| Gross profit | $269M | $252M | $17.1M | +7% |
| Cost of revenue | $582M | $560M | $22.4M | +4% |
| Operating profit | $207M | $186M | $20.4M | +11% |
| Operating expenses | $62.0M | $65.3M | −$3.3M | -5% |
| Pre-tax earnings | $205M | $177M | $28.0M | +16% |
| Net earnings | $162M | $140M | $22.8M | +16% |
| Income tax | $42.3M | $37.1M | $5.2M | +14% |
| Depreciation & amortization | $38.3M | $36.7M | $1.6M | +4% |
| Share-based compensation | $7.8M | $7.0M | $800K | +11% |
| Working capital & other | $31.6M | $10.2M | $21.4M | +210% |
| Operating cash flow | $240M | $194M | $46.6M | +24% |
| Free cash flow (OCF − capex) | $155M | $125M | $30.2M | +24% |
| Capital expenditures | $85.1M | $68.7M | $16.4M | +24% |
Questions
How much did Carpenter Technology's revenue grow quarter over quarter in Q4 FY26?
Carpenter Technology's revenue rose $39.5M (+5%) from $812M in Q3 FY26 to $851M in Q4 FY26.
What drove Carpenter Technology's revenue change in Q4 FY26?
Aerospace and Defense +$23.8M (+4%); Industrial and Consumer +$20.3M (+21%); Energy −$12.9M (-19%).