Carpenter Technology Corporation (CRS)

Gross profit margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Gross profit	US$ in thousands	768,600	584,300	337,300	149,800	1,000
Revenue	US$ in thousands	2,877,100	2,759,700	2,550,300	1,836,300	1,475,600
Gross profit margin		26.71%	21.17%	13.23%	8.16%	0.07%

June 30, 2025 calculation

Gross profit margin = Gross profit ÷ Revenue
= $768,600K ÷ $2,877,100K
= 26.71%

The gross profit margin of Carpenter Technology Corporation has experienced a notable upward trajectory over the specified period from June 30, 2021, to June 30, 2025. On June 30, 2021, the gross profit margin was established at a minimal 0.07%, indicating a very narrow margin between net sales and cost of goods sold, which can suggest initial challenges in either pricing strategies or production efficiencies at that time.

By June 30, 2022, the gross profit margin increased significantly to 8.16%, marking a considerable improvement and reflecting enhancements in operational efficiency, pricing strategies, or a favorable shift in the product mix. This substantial growth indicates that the company was able to better manage its production costs relative to its sales revenue.

The trend continues upward during the subsequent years, with the gross profit margin reaching 13.23% by June 30, 2023. This consistent increase suggests ongoing improvements in the company's ability to generate higher gross profits from its sales. Such improvements could be driven by factors such as cost control measures, product mix optimization, pricing power, or advantageous market conditions.

The margin further expands to 21.17% as of June 30, 2024, indicating a robust strengthening of profitability at the gross level. This substantial rise reflects sustained operational efficiencies, possibly driven by technological advancements, supply chain optimizations, or increased premium pricing.

By June 30, 2025, the gross profit margin reaches 26.71%, representing more than a threefold increase from the June 30, 2021 figure. This level signifies a strong improvement in the company's ability to convert sales into gross profit, which may position Carpenter Technology Corporation favorably for improved overall profitability and competitive positioning within its industry.

Overall, the progressive increase in gross profit margin over the four-year period demonstrates a consistent enhancement in the company's core profitability metrics, indicative of successful strategic or operational initiatives aimed at increasing efficiency and profitability.