Carpenter Technology Corporation (CRS)

Net profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	186,500	131,300	143,600	107,100	56,300	20,500	-5,600	-41,200	-49,100	-108,800	-141,800	-197,300	-229,600	-290,900	-210,500	-86,800	1,500	168,800	180,000	176,700
Revenue (ttm)	US$ in thousands	2,756,000	3,797,300	3,802,500	3,757,400	3,628,400	2,335,500	2,122,700	1,929,400	1,783,800	1,653,000	1,518,600	1,473,100	1,423,200	1,447,900	1,686,200	1,913,600	2,166,400	2,370,500	2,391,900	2,373,400
Net profit margin		6.77%	3.46%	3.78%	2.85%	1.55%	0.88%	-0.26%	-2.14%	-2.75%	-6.58%	-9.34%	-13.39%	-16.13%	-20.09%	-12.48%	-4.54%	0.07%	7.12%	7.53%	7.45%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $186,500K ÷ $2,756,000K
= 6.77%

The net profit margin of Carpenter Technology Corporation has displayed fluctuations over the past few quarters. There has been a noticeable improvement in the net profit margin from the end of 2020 to mid-2024, with the margin rising from negative figures to 6.77% in the most recent quarter. This indicates that the company has been able to generate more profit relative to its revenue in recent periods.

However, it is important to note that the net profit margin was in negative territory for several consecutive quarters prior to the turnaround, suggesting challenges in profitability. The company showed resilience in improving its performance in the face of these difficulties.

Overall, the increasing trend in the net profit margin reflects positive developments in Carpenter Technology Corporation's financial performance, with a significant rebound in profitability over the past few quarters.