Filing Flows › Carpenter Technology (CRS) › Q4 FY26
Carpenter Technology (CRS) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 12, 2026
Carpenter Technology (CRS) reported revenue of $851M for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and +5% from the quarter before. Operating margin was 24.3%, net earnings $162M (19.1% of revenue).
Carpenter Technology, Q4 FY26: revenue $851M (+13% year over year), operating margin 24.3%, net earnings $162M, operating cash flow $240M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $851M | +5% | +13% |
| Gross profit | $269M | +7% | +26% |
| Operating profit | $207M | +11% | +37% |
| Net earnings | $162M | +16% | +45% |
| Operating cash flow | $240M | +24% | -7% |
| Free cash flow | $155M | +24% | -23% |
What changed
Revenue was $851.0M in Q4 FY26, up 13% year over year and up 5% from the previous quarter. Aerospace and Defense was the largest line at 66% of revenue.
Gross margin was 31.6%, up 3.3 points from Q4 FY25. Operating profit was $206.9M, a 24.3% margin (up 4.3 points year over year). Of the extra revenue versus Q4 FY25, 58% reached operating profit, above the 20% margin then. Operating expenses fell 1% while revenue rose 13%. Net earnings were $162.4M, up 45% year over year. The effective tax rate was 20.7%.
Operating cash flow was $240.1M (down 7% year over year), 148% of net earnings. Non-cash charges added back $38.3M of depreciation and amortization and $7.8M of share-based compensation. Working capital and other items added $31.6M. Capital expenditures of $85.1M left free cash flow of $155.0M.
Questions
What was Carpenter Technology's revenue in the fourth quarter fiscal 2026?
Carpenter Technology (CRS) reported revenue of $851M for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and +5% from the quarter before.
Was Carpenter Technology profitable in the fourth quarter fiscal 2026?
Operating profit was $207M (24.3% of revenue) and net earnings $162M.