A Business at a Glance
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Crane NXT, Co.
CXT
$3.1B
Mkt Cap
$52.86
+1.56%
Crane NXT, Co. (CXT) has a current P/E ratio of 21.1, compared to its historical median P/E of 18.6. The stock is currently considered Fair based on its historical valuation range.
Crane NXT, Co. (CXT) has a 5-year average return on invested capital (ROIC) of 15.2%. This indicates strong capital allocation and a potential competitive advantage.
Crane NXT, Co. (CXT) has a market capitalization of $3.0B. It is classified as a mid-cap stock.
Yes, Crane NXT, Co. (CXT) pays a dividend with a trailing twelve-month yield of 1.30%.
Based on historical P/E analysis, Crane NXT, Co. (CXT) appears fair. The current P/E of 21.1 is 14% above its historical median of 18.6. The estimated fair value CAGR (P/E method) is 17.5%.
Crane NXT, Co. (CXT) operates in the Miscellaneous Fabricated Metal Products industry, within the Industrials sector.
Crane NXT, Co. (CXT) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Crane NXT is an industrial technology company providing proprietary solutions for securing, detecting, and authenticating products and transactions across payment, currency, and brand protection markets. The company operates through two segments: Crane Payment Innovations (CPI), which supplies electronic equipment, software, and detection systems for payment verification, automation, and field service solutions; and Security and Authentication Technologies (SAT), which provides advanced security solutions based on proprietary micro-optics technology for banknotes, consumer goods, and industrial products, along with brand protection and digital content protection services. CPI operates manufacturing and R&D facilities in the United States, United Kingdom, Mexico, Japan, and Germany, while SAT maintains key facilities in the United States, United Kingdom, Sweden, and Malta. The company's business model combines high-margin recurring services and software with transactional hardware sales, supported by strong competitive differentiation in materials science, detection system design, micro-optics technology, and image recognition software. Customers include central banks, financial institutions, government agencies, and brands across consumer and industrial sectors, with geographic reach spanning developed and emerging markets. The company maintains a disciplined capital allocation approach, utilizing the Crane Business System for operational excellence and pursuing strategic acquisitions in adjacent higher-growth areas while maintaining financial flexibility.
【International currency momentum accelerating】 Management expects continued strong performance in international currency driven by robust backlog exceeding 30% year-over-year organic growth and a pipeline of 10–15 new micro-optics denomination wins annually, supported by significant capacity investments in production facilities and design capabilities. The U.S. currency business is positioned for high single-digit growth in 2026 following the Federal Reserve's favorable mix announcement and the anticipated mid-2026 launch of the new $10 banknote, with design work underway on the $50 bill for 2028 release. SAT margins are expected to expand toward approximately 25% by year-end 2026 as synergies from the Crane Authentication integration are realized and productivity initiatives offset incremental costs to support international currency demand. The company is prioritizing organic growth investments in capacity and product development while maintaining disciplined M&A execution, targeting approximately $2.5 billion in sales by 2028 with net leverage below 3x and mid-20% adjusted EBITDA margins sustained through strong free cash flow conversion.
No forward guidance provided.
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
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.7B | 1.5B | 1.4B | 3.4B | 3.4B |
| Net Income | 130M | 145M | 184M | 188M | 205M | 178M |
| EPS | $2.26 | $2.50 | $3.19 | $3.28 | $3.61 | $3.14 |
| Free Cash Flow | 202M | 198M | 169M | 245M | 285M | 258M |
| ROIC | 7.4% | 10.2% | 14.1% | 15.9% | 19.5% | 16.2% |
| Gross Margin | - | 42.5% | 44.7% | 47.0% | 78.9% | 36.4% |
| Debt/Equity | 1.22 | 0.97 | 0.76 | 0.72 | 1.12 | 1.24 |
| Dividends/Share | $0.69 | $0.68 | $0.64 | $0.42 | $1.88 | $1.72 |
| Operating Income | 232M | 247M | 269M | 287M | 301M | 279M |
| Operating Margin | 13.5% | 14.9% | 18.1% | 20.6% | 8.9% | 8.2% |
| ROE | 10.5% | 12.5% | 18.1% | 21.5% | 26.5% | 21.2% |
| Shares Outstanding | 58M | 58M | 58M | 57M | 57M | 57M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.9B | 2.7B | 2.7B | 2.8B | 3.3B | 3.1B | 2.9B | 3.4B | 3.4B | 1.4B | 1.5B | 1.7B | 1.7B |
| Gross Margin | 34.7% | 34.8% | 36.0% | 36.4% | 35.5% | 38.3% | 32.9% | 36.4% | 78.9% | 47.0% | 44.7% | 42.5% | N/A |
| R&D | 68M | 63M | 62M | 59M | 89M | 74M | 75M | 33M | 34M | 43M | 40M | 46M | 46M |
| SG&A | 605M | 567M | 611M | 606M | 712M | 679M | 698M | 323M | 319M | 367M | 386M | 440M | 468M |
| EBIT | 316M | 373M | 187M | 388M | 441M | 183M | 263M | 279M | 301M | 287M | 269M | 247M | 232M |
| Op. Margin | 10.8% | 13.6% | 6.8% | 13.9% | 13.2% | 6.0% | 9.0% | 8.2% | 8.9% | 20.6% | 18.1% | 14.9% | 13.5% |
| Net Income | 193M | 229M | 123M | 172M | 336M | 133M | 181M | 178M | 205M | 188M | 184M | 145M | 130M |
| Net Margin | 6.6% | 8.4% | 4.5% | 6.2% | 10.0% | 4.3% | 6.2% | 5.2% | 6.1% | 13.5% | 12.4% | 8.8% | 7.6% |
| Non-Recurring | 29M | 7.8M | 0 | 24M | 7.2M | 19M | 32M | 3.7M | 239M | 500K | 10M | 17M | 20M |
| Returns on Capital | |||||||||||||
| ROIC | 11.3% | 14.4% | 7.6% | 16.9% | 18.7% | 6.6% | 11.6% | 16.2% | 19.5% | 15.9% | 14.1% | 10.2% | 7.4% |
| ROE | 17.0% | 20.8% | 10.8% | 13.9% | 23.4% | 8.9% | 15.2% | 21.2% | 26.5% | 21.5% | 18.1% | 12.5% | 10.5% |
| ROA | 5.5% | 6.7% | 3.6% | 4.9% | 8.8% | 3.1% | 4.0% | 3.9% | 6.2% | 8.8% | 8.2% | 5.3% | 3.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 264M | 229M | 318M | 318M | 414M | 394M | 310M | 277M | 306M | 276M | 214M | 242M | 247M |
| Free Cash Flow | 220M | 190M | 267M | 269M | 305M | 330M | 275M | 258M | 285M | 245M | 169M | 198M | 202M |
| Owner Earnings | 167M | 141M | 229M | 223M | 272M | 264M | 160M | 187M | 218M | 188M | 117M | 122M | 107M |
| CapEx | 44M | 40M | 52M | 49M | 109M | 64M | 34M | 19M | 21M | 31M | 45M | 43M | 45M |
| Maint. CapEx | 76M | 67M | 67M | 73M | 120M | 108M | 128M | 82M | 79M | 78M | 87M | 107M | 115M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 76M | 67M | 67M | 73M | 120M | 108M | 128M | 82M | 79M | 78M | 87M | 107M | 115M |
| CapEx/OCF | 16.6% | 17.3% | 16.2% | 15.4% | 26.3% | 17.5% | 11.6% | 10.8% | 7.0% | 11.3% | 21.2% | 17.9% | 18.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 74M | 77M | 77M | 78M | 84M | 93M | 100M | 0 | 0 | 24M | 37M | 39M | 40M |
| Dividend Yield | 6.5% | 8.0% | 7.5% | 5.5% | 5.1% | 6.1% | 8.7% | N/A | N/A | 0.8% | 1.1% | 1.2% | 1.3% |
| Share Buybacks | 50M | 25M | 0 | 25M | 50M | 80M | 70M | 96M | 204M | 0 | 0 | 0 | 0 |
| Buyback Yield | 1.7% | 1.1% | N/A | 0.5% | 1.3% | 1.7% | 1.7% | 1.7% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 21M | 21M | 22M | 22M | 22M | 22M | 22M | 8.6M | 9.3M | 10M | 11M | 13M | 25M |
| Debt Repayment | 0 | 0 | 0 | 0 | 452M | 99M | 0 | 0 | 0 | 300M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 487M | 431M | 236M | 37M | 613M | 704M | 687M | 456M | 649M | 468M | 648M | 976M | 1.3B |
| Cash & Equiv. | 364M | 364M | 510M | 706M | 343M | 394M | 551M | 479M | 231M | 227M | 166M | 234M | 228M |
| Long-Term Debt | 749M | 745M | 745M | 494M | 942M | 842M | 843M | 842M | 544M | 640M | 541M | 1.0B | 1.3B |
| Debt/Equity | 0.80 | 0.70 | 0.66 | 0.55 | 0.63 | 0.75 | 1.45 | 1.24 | 1.12 | 0.72 | 0.76 | 0.97 | 1.22 |
| Interest Coverage | 8.1 | 9.9 | 5.1 | 10.8 | 8.7 | 3.9 | 4.8 | 6.0 | 5.8 | 2868.0 | 268.8 | 1233.5 | 38.0 |
| Equity | 1.1B | 1.1B | 1.1B | 1.3B | 1.5B | 1.5B | 914M | 764M | 784M | 964M | 1.1B | 1.3B | 1.2B |
| Total Assets | 3.4B | 3.3B | 3.4B | 3.6B | 4.0B | 4.4B | 4.6B | 4.5B | 2.1B | 2.1B | 2.4B | 3.1B | 3.6B |
| Total Liabilities | 2.4B | 2.2B | 2.3B | 2.2B | 2.5B | 2.9B | 3.7B | 3.7B | 1.3B | 1.2B | 1.3B | 1.9B | 2.4B |
| Intangibles | 354M | 317M | 282M | 277M | 478M | 505M | 433M | 389M | 345M | 309M | 419M | 557M | 789M |
| Retained Earnings | 1.5B | 1.7B | 1.7B | 1.8B | 2.1B | 2.1B | 2.2B | 2.5B | 0 | 121M | 268M | 375M | 371M |
| Working Capital | 555M | 631M | 795M | 681M | 623M | 583M | 517M | 754M | -8.1M | 310M | 80M | 284M | 251M |
| Current Assets | 1.2B | 1.2B | 1.3B | 1.5B | 1.4B | 1.5B | 1.6B | 1.5B | 623M | 644M | 643M | 853M | 1.0B |
| Current Liabilities | 640M | 573M | 521M | 838M | 740M | 917M | 1.1B | 789M | 631M | 334M | 562M | 569M | 763M |
| Per Share Data | |||||||||||||
| EPS | 3.23 | 3.89 | 2.07 | 2.84 | 5.50 | 2.20 | 3.08 | 3.14 | 3.61 | 3.28 | 3.19 | 2.50 | 2.26 |
| Owner EPS | 2.80 | 2.40 | 3.86 | 3.69 | 4.46 | 4.36 | 2.72 | 3.29 | 3.84 | 3.28 | 2.02 | 2.11 | 1.86 |
| Book Value | 17.76 | 19.36 | 19.11 | 22.24 | 24.98 | 24.32 | 15.55 | 13.47 | 13.81 | 16.79 | 18.45 | 21.59 | 21.54 |
| Cash Flow/Share | 4.43 | 3.90 | 5.36 | 5.25 | 6.78 | 6.50 | 5.27 | 4.89 | 5.39 | 4.81 | 3.71 | 4.16 | 4.25 |
| Dividends/Share | 1.24 | 1.30 | 1.30 | 1.32 | 1.40 | 1.56 | 1.72 | 1.72 | 1.88 | 0.42 | 0.64 | 0.68 | 0.69 |
| Shares Out. | 59.7M | 58.8M | 59.3M | 60.5M | 61.0M | 60.6M | 58.8M | 56.7M | 56.8M | 57.4M | 57.7M | 58.0M | 57.5M |
| Valuation | |||||||||||||
| P/E Ratio | 15.0 | 10.2 | 29.9 | 27.4 | 11.4 | 35.4 | 23.1 | 13.2 | 9.1 | 17.1 | 17.9 | 19.3 | 23.4 |
| P/FCF | 4.6 | 4.3 | 4.8 | 6.1 | 4.4 | 5.0 | 5.3 | 7.4 | 6.5 | 13.2 | 19.5 | 14.1 | 15.0 |
| EV/EBIT | 9.6 | 6.4 | 17.0 | 10.4 | 9.3 | 23.4 | 17.9 | 10.6 | 7.5 | 11.9 | 13.8 | 14.1 | 18.7 |
| Price/Book | 2.7 | 2.0 | 3.2 | 3.5 | 2.5 | 3.2 | 2.7 | 3.1 | 2.4 | 3.3 | 3.1 | 2.2 | 2.5 |
| Price/Sales | 1.1 | 1.0 | 1.1 | 1.5 | 1.4 | 1.3 | 1.2 | 1.5 | 1.4 | 2.0 | 2.2 | 2.0 | 1.8 |
| FCF Yield | 7.6% | 8.1% | 7.3% | 5.7% | 8.0% | 7.0% | 6.6% | 4.5% | 15.3% | 7.6% | 5.1% | 7.1% | 6.6% |
| Market Cap | 2.9B | 2.3B | 3.7B | 4.7B | 3.8B | 4.7B | 4.2B | 5.7B | 1.9B | 3.2B | 3.3B | 2.8B | 3.0B |
| Avg. Price | 19.04 | 16.32 | 17.43 | 23.45 | 27.09 | 25.39 | 19.68 | 30.42 | 32.67 | 48.63 | 57.59 | 56.63 | 52.86 |
| Year-End Price | 16.84 | 13.78 | 21.50 | 27.04 | 21.84 | 27.07 | 24.68 | 33.66 | 32.81 | 56.19 | 57.11 | 48.17 | 52.86 |
Crane NXT, Co. passes 3 of 9 quality checks, indicating weak fundamentals.
Crane NXT, Co. trades at 21.1x trailing earnings, compared to its 15-year median P/E of 18.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.3x vs a median of 6.3x. The company's 5-year average ROIC is 15.2% with a gross margin of 49.9%. Total shareholder yield (dividends) is 1.3%. At current prices, the estimated annualized return to fair value is +15.3%.
Crane NXT, Co. (CXT) has a net profit margin of 8.8%. This is a modest margin.
Crane NXT, Co. (CXT) generated $198 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Crane NXT, Co. (CXT) has a debt-to-equity ratio of 0.97. This indicates moderate leverage.
Crane NXT, Co. (CXT) reported earnings per share (EPS) of $2.50 in its most recent fiscal year.
Crane NXT, Co. (CXT) has a return on equity (ROE) of 12.5%. This indicates moderate shareholder returns.
Crane NXT, Co. (CXT) has a 5-year average gross margin of 49.9%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Crane NXT, Co. (CXT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Crane NXT, Co. (CXT) has a book value per share of $21.59, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued strong performance in international currency driven by robust backlog exceeding 30% year-over-year organic growth and a pipeline of 10–15 new micro-optics denomination wins annually, supported by significant capacity investments in production facilities and design capabilities. The U.S. currency business is positioned for high single-digit growth in 2026 following the Federal Reserve's favorable mix announcement and the anticipated mid-2026 launch of the new $10 banknote, with design work underway on the $50 bill for 2028 release. SAT margins are expected to expand toward approximately 25% by year-end 2026 as synergies from the Crane Authentication integration are realized and productivity initiatives offset incremental costs to support international currency demand. The company is prioritizing organic growth investments in capacity and product development while maintaining disciplined M&A execution, targeting approximately $2.5 billion in sales by 2028 with net leverage below 3x and mid-20% adjusted EBITDA margins sustained through strong free cash flow conversion.