A Business at a Glance
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Crane Co
CR
$13.2B
Mkt Cap
$226.14
+3.69%
Crane Co (CR) has a current P/E ratio of 36.1, compared to its historical median P/E of 30.0. The stock is currently considered Expensive based on its historical valuation range.
Crane Co (CR) has a 5-year average return on invested capital (ROIC) of 15.6%. This indicates strong capital allocation and a potential competitive advantage.
Crane Co (CR) has a market capitalization of $13.1B. It is classified as a large-cap stock.
Yes, Crane Co (CR) pays a dividend with a trailing twelve-month yield of 0.42%.
Based on historical P/E analysis, Crane Co (CR) appears expensive. The current P/E of 36.1 is 21% above its historical median of 30.0. The estimated fair value CAGR (P/E method) is -2.7%.
Crane Co (CR) operates in the Miscellaneous Fabricated Metal Products industry, within the Industrials sector.
Crane Co (CR) reported annual revenue of $2.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Crane Company is a manufacturer of highly engineered components for mission-critical applications in aerospace, defense, space, and process industries, organized into two reporting segments: Aerospace & Advanced Technologies (AAT) and Process Flow Technologies (PFT). The company earns revenue through the design and manufacture of specialized products including pressure sensors, lubrication systems, cryogenic piping, optical measurement solutions, and lined piping systems, serving customers with proprietary, differentiated technology and deep vertical expertise. The business model combines original equipment manufacturer (OEM) sales with aftermarket services, leveraging a capital-intensive manufacturing base with strong operational leverage through the Crane Business System, a comprehensive continuous improvement framework. Distribution occurs primarily through direct relationships with aerospace OEMs, defense contractors, and industrial process customers globally, with geographic presence spanning North America, Europe, and Asia. The company's competitive moat derives from sole-sourced and proprietary content on high-volume commercial and military aircraft platforms, complemented by specialized sensor and measurement capabilities acquired through recent strategic acquisitions including Druck, Panametrics, Reuter-Stokes, and optek-Danulat, which strengthen positions in pressure sensing, cryogenics, and process control across critical applications.
【Strong acquisition integration momentum】 Management expects the recently acquired businesses—Druck, Panametrics, Reuter-Stokes, and optek-Danulat—to deliver accretion substantially ahead of initial expectations, with margins improving faster than anticipated and integration of the Crane Business System progressing ahead of plan. Aerospace & Advanced Technologies is positioned for continued above-market growth driven by strong defense demand signals in missile defense and radar applications, with commercial OEM activity remaining healthy despite potential headwinds in commercial aftermarket; the segment expects to leverage growth at 35%-40% for the full year. Process Flow Technologies anticipates flat to low single-digit core growth with 30%-35% operating leverage, supported by strength in cryogenics, pharma, power generation, and wastewater, though chemical end markets remain cautious and projects are expected to shift timing. The company maintains bandwidth for additional M&A in 2026 and continues to evaluate portfolio optimization while managing elevated inflation and freight costs through productivity actions and pricing discipline.
| Metric | Target | Period |
|---|---|---|
| Adjusted EPS | $6.65–$6.85 | FY2026 |
| Core sales growth (AAT) | 7%–9% | FY2026 |
| Operating leverage (AAT) | 35%–40% | FY2026 |
| Core sales growth (PFT) | flat to low single digits | FY2026 |
| Operating leverage (PFT) | 30%–35% | FY2026 |
| Corporate expense | $80 million–$85 million | FY2026 |
| Net non-operating expense | approximately $58 million | FY2026 |
| Tax rate | approximately 23% | FY2026 |
Adjusted EPS (FY2026): “we are raising our adjusted full-year outlook by $0.10 to a range of $6.65-$6.85”
Core sales growth (AAT) (FY2026): “we remain confident in our 7%-9% sales growth range, leveraging at 35%-40%”
Operating leverage (AAT) (FY2026): “we remain confident in our 7%-9% sales growth range, leveraging at 35%-40%”
Core sales growth (PFT) (FY2026): “we still expect core growth to be consistent with our initial guidance of flat to low single digits, leveraging within our target range of 30%-35%”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Process Valves and Related Products | $717M | $750M | $811M | $913M | $948M | 41% |
Commercial Original Equipment | $229M | $251M | $291M | $349M | $397M | 17% |
Military Original Equipment | $240M | $231M | $252M | $273M | $298M | 13% |
Commercial Aftermarket Products | $105M | $129M | $180M | $219M | $248M | 11% |
Pumps and Systems | $105M | $127M | $145M | $147M | $161M | 7% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.4B | 2.3B | 2.1B | 1.9B | 1.8B | 2.1B |
| Net Income | 327M | 367M | 295M | 256M | 401M | 435M |
| EPS | $5.67 | $6.26 | $5.05 | $4.45 | $7.01 | $7.36 |
| Free Cash Flow | 362M | 341M | 221M | 123M | -532M | 150M |
| ROIC | 11.1% | 15.2% | 19.7% | 12.0% | - | - |
| Gross Margin | - | 42.2% | 40.7% | 40.3% | 37.2% | 33.4% |
| Debt/Equity | 0.57 | 0.56 | 0.15 | 0.18 | 0.21 | - |
| Dividends/Share | $0.94 | $0.92 | $0.82 | $1.01 | $1.88 | $1.72 |
| Operating Income | 423M | 424M | 356M | 250M | - | 222M |
| Operating Margin | 17.3% | 18.4% | 16.7% | 13.4% | - | 10.7% |
| ROE | 15.6% | 19.8% | 19.7% | 15.7% | 21.5% | - |
| Shares Outstanding | 58M | 59M | 58M | 58M | 57M | 59M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 2.1B | 1.8B | 1.9B | 2.1B | 2.3B | 2.4B |
| Gross Margin | 33.4% | 37.2% | 40.3% | 40.7% | 42.2% | N/A |
| R&D | 50M | 48M | 55M | 46M | 48M | 48M |
| SG&A | 467M | 494M | 501M | 512M | 549M | 549M |
| EBIT | 222M | N/A | 250M | 356M | 424M | 423M |
| Op. Margin | 10.7% | N/A | 13.4% | 16.7% | 18.4% | 17.3% |
| Net Income | 435M | 401M | 256M | 295M | 367M | 327M |
| Net Margin | 21.1% | 22.6% | 13.7% | 13.8% | 15.9% | 13.4% |
| Non-Recurring | 13M | 237M | 600K | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | N/A | N/A | 12.0% | 19.7% | 15.2% | 11.1% |
| ROE | N/A | 21.5% | 15.7% | 19.7% | 19.8% | 15.6% |
| ROA | N/A | 18.2% | 7.6% | 11.8% | 11.3% | 8.1% |
| Cash Flow | ||||||
| Op. Cash Flow | 185M | -499M | 162M | 258M | 395M | 412M |
| Free Cash Flow | 150M | -532M | 123M | 221M | 341M | 362M |
| Owner Earnings | 125M | -553M | 101M | 181M | 317M | 319M |
| CapEx | 35M | 33M | 39M | 37M | 54M | 50M |
| Maint. CapEx | 38M | 34M | 35M | 51M | 50M | 66M |
| Growth CapEx | 0 | 0 | 3.6M | 0 | 3.3M | 0 |
| D&A | 38M | 34M | 35M | 51M | 50M | 66M |
| CapEx/OCF | N/A | N/A | 24.1% | 14.2% | 13.6% | 12.2% |
| Capital Allocation | ||||||
| Dividends Paid | 101M | 106M | 57M | 47M | 53M | 54M |
| Dividend Yield | N/A | N/A | 1.1% | 0.6% | 0.5% | 0.4% |
| Share Buybacks | 96M | 204M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 22M | 21M | 26M | 26M | 27M | 26M |
| Debt Repayment | 348M | 0 | 451M | 192M | 248M | 248M |
| Balance Sheet | ||||||
| Net Debt | -415M | -27M | -81M | -60M | 642M | 843M |
| Cash & Equiv. | 378M | 427M | 330M | 307M | 506M | 355M |
| Long-Term Debt | N/A | 0 | 249M | 247M | 1.1B | 1.2B |
| Debt/Equity | N/A | 0.21 | 0.18 | 0.15 | 0.56 | 0.57 |
| Interest Coverage | 45.2 | N/A | 11.0 | 13.1 | 37.5 | 33.1 |
| Equity | N/A | 1.9B | 1.4B | 1.6B | 2.1B | 2.1B |
| Total Assets | N/A | 4.4B | 2.4B | 2.6B | 3.9B | 4.1B |
| Total Liabilities | N/A | 2.5B | 991M | 1.0B | 1.8B | 2.0B |
| Intangibles | N/A | 71M | 87M | 160M | 150M | 667M |
| Retained Earnings | N/A | 2.8B | 961M | 1.2B | 1.5B | 1.6B |
| Working Capital | N/A | 264M | 624M | 860M | 2.1B | 962M |
| Current Assets | N/A | 1.8B | 1.1B | 1.4B | 2.6B | 1.5B |
| Current Liabilities | N/A | 1.5B | 467M | 543M | 465M | 520M |
| Per Share Data | ||||||
| EPS | 7.36 | 7.01 | 4.45 | 5.05 | 6.26 | 5.67 |
| Owner EPS | 2.11 | -9.67 | 1.75 | 3.11 | 5.42 | 5.53 |
| Book Value | N/A | 33.23 | 23.61 | 28.08 | 35.19 | 36.31 |
| Cash Flow/Share | 3.13 | -8.72 | 2.82 | 4.42 | 6.74 | 6.80 |
| Dividends/Share | 1.72 | 1.88 | 1.01 | 0.82 | 0.92 | 0.94 |
| Shares Out. | 59.2M | 57.2M | 57.5M | 58.4M | 58.6M | 57.7M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 26.3 | 30.3 | 30.0 | 39.9 |
| P/FCF | N/A | N/A | 54.6 | 40.4 | 32.2 | 36.1 |
| EV/EBIT | N/A | N/A | 25.2 | 24.1 | 26.2 | 32.8 |
| Price/Book | N/A | N/A | 5.0 | 5.4 | 5.3 | 6.2 |
| Price/Sales | N/A | N/A | 2.7 | 3.9 | 4.4 | 5.3 |
| FCF Yield | N/A | N/A | 1.8% | 2.5% | 3.1% | 2.8% |
| Market Cap | N/A | N/A | 6.7B | 8.9B | 11.0B | 13.1B |
| Avg. Price | N/A | N/A | 87.34 | 143.92 | 174.44 | 226.14 |
| Year-End Price | N/A | N/A | 116.92 | 152.95 | 187.57 | 226.14 |
Crane Co passes 3 of 9 quality checks, indicating weak fundamentals.
Crane Co trades at 36.1x trailing earnings, compared to its 15-year median P/E of 30.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 38.2x vs a median of 40.4x. The company's 5-year average ROIC is 15.6% with a gross margin of 38.8%. Total shareholder yield (dividends) is 0.4%. At current prices, the estimated annualized return to fair value is +35.1%.
Crane Co (CR) has a net profit margin of 15.9%. This is a healthy margin.
Crane Co (CR) generated $341 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Crane Co (CR) has a debt-to-equity ratio of 0.56. This indicates moderate leverage.
Crane Co (CR) reported earnings per share (EPS) of $6.26 in its most recent fiscal year.
Crane Co (CR) has a return on equity (ROE) of 19.8%. This indicates the company generates strong returns for shareholders.
Crane Co (CR) has a 5-year average gross margin of 38.8%. This indicates decent pricing power.
The Ledger Terminal provides 5 years of financial data for Crane Co (CR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Crane Co (CR) has a book value per share of $35.19, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects the recently acquired businesses—Druck, Panametrics, Reuter-Stokes, and optek-Danulat—to deliver accretion substantially ahead of initial expectations, with margins improving faster than anticipated and integration of the Crane Business System progressing ahead of plan. Aerospace & Advanced Technologies is positioned for continued above-market growth driven by strong defense demand signals in missile defense and radar applications, with commercial OEM activity remaining healthy despite potential headwinds in commercial aftermarket; the segment expects to leverage growth at 35%-40% for the full year. Process Flow Technologies anticipates flat to low single-digit core growth with 30%-35% operating leverage, supported by strength in cryogenics, pharma, power generation, and wastewater, though chemical end markets remain cautious and projects are expected to shift timing. The company maintains bandwidth for additional M&A in 2026 and continues to evaluate portfolio optimization while managing elevated inflation and freight costs through productivity actions and pricing discipline.
Based on recent SEC filings and earnings calls, Crane Co (CR) has provided the following forward guidance: Adjusted EPS: $6.65–$6.85 (FY2026); Core sales growth (AAT): 7%–9% (FY2026); Operating leverage (AAT): 35%–40% (FY2026); Core sales growth (PFT): flat to low single digits (FY2026); Operating leverage (PFT): 30%–35% (FY2026), plus 3 additional metrics.
Operating leverage (PFT) (FY2026): “we still expect core growth to be consistent with our initial guidance of flat to low single digits, leveraging within our target range of 30%-35%”
Corporate expense (FY2026): “For 2026, we continue to forecast corporate expense to be in the range of $80 million-$85 million”
Net non-operating expense (FY2026): “we continue to estimate full-year 2026 net non-operating expense of approximately $58 million”
Tax rate (FY2026): “we continue to expect our tax rate for 2026 to approximate 23%”