A Business at a Glance
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Table of Contents Item 1. Business Crane Company has delivered innovation and technology-led solutions for customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two reporting segments: Aerospace & Advanced Technologies (“AAT”) and Process Flow Technologies (“PFT”). We have been committed to the highest standards of business conduct since our inception in 1855 when our founder, R.T. Crane, resolved “to conduct my business in the strictest honesty and fairness; to avoid all deception and trickery; to deal fairly with both customers and competitors; to be liberal and just toward employees; and to put my whole mind upon the business.
| 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 | 2.3B | 2.3B | 2.1B | 1.9B | 1.8B | 2.1B |
| Net Income | 367M | 367M | 295M | 256M | 401M | 435M |
| EPS | $6.26 | $6.26 | $5.05 | $4.45 | $7.01 | $7.36 |
| Free Cash Flow | 341M | 341M | 221M | 123M | -532M | 150M |
| ROIC | 12.3% | 15.2% | 19.7% | 12.0% | 20.6% | - |
| Gross Margin | 42.2% | 42.2% | 40.7% | 40.3% | 37.2% | 33.4% |
| Debt/Equity | 0.56 | 0.56 | 0.15 | 0.18 | 0.21 | - |
| Dividends/Share | $0.90 | $0.92 | $0.82 | $1.01 | $1.88 | $1.72 |
| Operating Income | 424M | 424M | 356M | 250M | 481M | 222M |
| Operating Margin | 18.4% | 18.4% | 16.7% | 13.4% | 27.1% | 10.7% |
| ROE | 17.8% | 19.8% | 19.7% | 15.7% | 21.5% | - |
| Shares Outstanding | 59M | 59M | 58M | 58M | 57M | 59M |
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 2.1B | 1.8B | 1.9B | 2.1B | 2.3B | 2.3B |
| Gross Margin | 33.4% | 37.2% | 40.3% | 40.7% | 42.2% | 42.2% |
| R&D | 50M | 48M | 55M | 46M | 48M | 48M |
| SG&A | 467M | 494M | 501M | 512M | 549M | 549M |
| EBIT | 222M | 481M | 250M | 356M | 424M | 424M |
| Op. Margin | 10.7% | 27.1% | 13.4% | 16.7% | 18.4% | 18.4% |
| Net Income | 435M | 401M | 256M | 295M | 367M | 367M |
| Net Margin | 21.1% | 22.6% | 13.7% | 13.8% | 15.9% | 15.9% |
| Non-Recurring | 13M | 237M | 600K | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | N/A | 20.6% | 12.0% | 19.7% | 15.2% | 12.3% |
| ROE | N/A | 21.5% | 15.7% | 19.7% | 19.8% | 17.8% |
| ROA | N/A | 18.2% | 7.6% | 11.8% | 11.3% | 9.5% |
| Cash Flow | ||||||
| Op. Cash Flow | 185M | -499M | 162M | 258M | 395M | 395M |
| Free Cash Flow | 150M | -532M | 123M | 221M | 341M | 341M |
| Owner Earnings | 125M | -553M | 101M | 181M | 317M | 317M |
| CapEx | 35M | 33M | 39M | 37M | 54M | 54M |
| Maint. CapEx | 38M | 34M | 35M | 51M | 50M | 50M |
| Growth CapEx | 0 | 0 | 3.6M | 0 | 3.3M | 3.3M |
| D&A | 38M | 34M | 35M | 51M | 50M | 50M |
| CapEx/OCF | N/A | N/A | 24.1% | 14.2% | 13.6% | 13.6% |
| Capital Allocation | ||||||
| Dividends Paid | 101M | 106M | 57M | 47M | 53M | 53M |
| Dividend Yield | N/A | N/A | 1.1% | 0.6% | 0.5% | 0.5% |
| Share Buybacks | 96M | 204M | 0 | 204M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 22M | 21M | 26M | 26M | 27M | 27M |
| Debt Repayment | 348M | 0 | 451M | 192M | 248M | 248M |
| Balance Sheet | ||||||
| Net Debt | -415M | -27M | -81M | -60M | 642M | 642M |
| Cash & Equiv. | 378M | 427M | 330M | 307M | 506M | 506M |
| Long-Term Debt | N/A | 0 | 249M | 247M | 1.1B | 1.1B |
| Debt/Equity | N/A | 0.21 | 0.18 | 0.15 | 0.56 | 0.56 |
| Interest Coverage | 45.2 | 47.7 | 11.0 | 13.1 | 37.5 | 37.5 |
| 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 | 3.9B |
| Total Liabilities | N/A | 2.5B | 991M | 1.0B | 1.8B | 1.8B |
| Intangibles | N/A | 71M | 87M | 160M | 150M | 150M |
| Retained Earnings | N/A | 2.8B | 961M | 1.2B | 1.5B | 1.5B |
| Working Capital | N/A | 264M | 624M | 860M | 2.1B | 2.1B |
| Current Assets | N/A | 1.8B | 1.1B | 1.4B | 2.6B | 2.6B |
| Current Liabilities | N/A | 1.5B | 467M | 543M | 465M | 465M |
| Per Share Data | ||||||
| EPS | 7.36 | 7.01 | 4.45 | 5.05 | 6.26 | 6.26 |
| Owner EPS | 2.11 | -9.67 | 1.75 | 3.11 | 5.42 | 5.42 |
| Book Value | N/A | 33.23 | 23.61 | 28.08 | 35.19 | 35.19 |
| Cash Flow/Share | 3.13 | -8.72 | 2.82 | 4.42 | 6.74 | 7.12 |
| Dividends/Share | 1.72 | 1.88 | 1.01 | 0.82 | 0.92 | 0.90 |
| Shares Out. | 59.2M | 57.2M | 57.5M | 58.4M | 58.6M | 58.6M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 26.3 | 30.3 | 30.0 | 30.9 |
| P/FCF | N/A | N/A | 54.6 | 40.4 | 32.2 | 33.2 |
| EV/EBIT | N/A | N/A | 25.2 | 24.1 | 26.2 | 28.2 |
| Price/Book | N/A | N/A | 5.0 | 5.4 | 5.3 | 5.5 |
| Price/Sales | N/A | N/A | 2.7 | 3.9 | 4.4 | 4.9 |
| FCF Yield | N/A | N/A | 1.8% | 2.5% | 3.1% | 3.0% |
| Market Cap | N/A | N/A | 6.7B | 8.9B | 11.0B | 11.3B |
| Avg. Price | N/A | N/A | 87.34 | 143.92 | 174.44 | 193.59 |
| Year-End Price | N/A | N/A | 116.92 | 152.95 | 187.57 | 193.59 |
Crane Co passes 3 of 9 quality checks, indicating weak fundamentals.
Crane Co trades at 30.9x trailing earnings, compared to its 15-year median P/E of 30.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 32.7x vs a median of 40.4x. The company's 5-year average ROIC is 16.9% with a gross margin of 38.8%. Total shareholder yield (dividends) is 0.5%. At current prices, the estimated annualized return to fair value is +41.1%.
Crane Co (CR) has a current P/E ratio of 30.9, compared to its historical median P/E of 30.0. The stock is currently considered Fair based on its historical valuation range.
Crane Co (CR) has a 5-year average return on invested capital (ROIC) of 16.9%. This indicates strong capital allocation and a potential competitive advantage.
Crane Co (CR) has a market capitalization of $11.3B. It is classified as a large-cap stock.
Yes, Crane Co (CR) pays a dividend with a trailing twelve-month yield of 0.47%.
Based on historical P/E analysis, Crane Co (CR) appears fair. The current P/E of 30.9 is 3% above its historical median of 30.0. The estimated fair value CAGR (P/E method) is -3.0%.
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 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.