Carpenter Technology (CRS) Gross Margin (2009 - 2026)
Carpenter Technology (CRS) recorded quarterly Gross Margin of 31.03% in Q1 2026, up 3.48% quarter-over-quarter from 29.99% in Q4 2025, and up 341.0% on a YoY basis from 7.04% in Q1 2025.
Carpenter Technology (CRS) Gross Margin (2009 - 2026) Analysis & Trends
Carpenter Technology's Gross Margin history runs 18 years deep, the most recent figure standing at 31.03% for Q1 2026.
- In Q1 2026, Gross Margin rose 341.0% year-over-year to 31.03%; the TTM figure through Mar 2026 stood at 29.73% (up 421.0% YoY), while the FY2025 annual figure was 26.71%, up 554.0% from the prior year.
- Gross Margin was 31.03% for Q1 2026 at Carpenter Technology, up from 29.99% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 31.03% in Q1 2026 to a low of 6.49% in Q2 2023.
- Historically, Gross Margin has averaged 20.28% across 5 years, with a median of 21.46% in 2024.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 1782 bps in 2022, then plunged 629 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 12.09% in 2022, then jumped by 62 bps to 19.64% in 2023, then soared by 34 bps to 26.22% in 2024, then climbed by 14 bps to 29.99% in 2025, then increased by 3 bps to 31.03% in 2026.
- The last three Gross Margin figures came in at 31.03% (Q1 2026), 29.99% (Q4 2025), and 29.49% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 31.03% |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 22.83% |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 30.05% |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 18.19% |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | 35.76% |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | - |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | 28.91% |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 45.64% |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 18.44% |
| 10 | Mayville Engineering Company | 727.03 Mn | 724.96 Mn | 10.96 Mn | 7.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.03% |
| Dec 31, 2025 | 29.99% |
| Sep 30, 2025 | 29.49% |
| Jun 30, 2025 | 28.32% |
| Mar 31, 2025 | 27.62% |
| Dec 31, 2024 | 26.22% |
| Sep 30, 2024 | 24.57% |
| Jun 30, 2024 | 23.87% |
| Mar 31, 2024 | 21.46% |
| Dec 31, 2023 | 19.64% |
| Sep 30, 2023 | 19.04% |
| Jun 30, 2023 | 6.49% |
| Mar 31, 2023 | 13.55% |
| Dec 31, 2022 | 12.09% |
| Sep 30, 2022 | 10.48% |
| Jun 30, 2022 | 12.77% |
| Mar 31, 2022 | 8.08% |
| Dec 31, 2021 | 3.31% |
| Sep 30, 2021 | 6.50% |
| Jun 30, 2021 | -5.05% |