Carpenter Technology Corporation (CRS)

Operating profit margin

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Operating income (ttm) US$ in thousands 521,700 499,100 455,500 404,600 360,000 294,100 239,200 193,800 130,700 59,700 26,200 -27,900 -52,900 -115,500 -161,300 -218,800 -248,500 -326,000 -227,300 -83,300
Revenue (ttm) US$ in thousands 2,877,100 2,920,200 2,878,100 2,825,400 2,759,700 2,719,100 2,724,300 2,679,200 2,550,200 2,355,900 2,154,800 1,971,700 1,836,400 1,694,200 1,557,100 1,509,900 1,475,600 1,491,300 1,724,800 1,949,000
Operating profit margin 18.13% 17.09% 15.83% 14.32% 13.04% 10.82% 8.78% 7.23% 5.13% 2.53% 1.22% -1.42% -2.88% -6.82% -10.36% -14.49% -16.84% -21.86% -13.18% -4.27%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $521,700K ÷ $2,877,100K
= 18.13%

The operating profit margin of Carpenter Technology Corporation exhibits a notable upward trend over the period analyzed. Initially, during the fiscal quarter ending September 30, 2020, the margin was negative at -4.27%, indicating that the company's operating expenses exceeded its gross profit, resulting in an operating loss. This negative margin persisted and deepened through December 31, 2020, reaching -13.18%, and further declined to -21.86% by March 31, 2021. These figures suggest significant operational challenges during this period, possibly attributable to external market pressures or internal inefficiencies.

Subsequently, the margin showed signs of improvement starting around June 30, 2021, where the negative figure decreased to -16.84%, and continued this trend with reductions at subsequent reporting dates, reaching -10.36% at the end of December 2021. The trend indicates a gradual recovery in operational profitability, narrowing the loss margins over these periods.

Between March 31, 2022, and September 30, 2022, the operating profit margin moved closer to breakeven, improving from -6.82% to -1.42%. In the quarter ending December 31, 2022, the margin turned positive at 1.22%, representing a pivotal shift toward operational profitability. This positive trajectory persisted into the following quarters, with the margin rising to 2.53% by March 31, 2023, and further improving to 5.13% at June 30, 2023.

From September 30, 2023, onward, the operating profit margin continued to strengthen, reaching 7.23%. The upward momentum persisted through subsequent periods, with margins at 8.78% on December 31, 2023, 10.82% by March 31, 2024, 13.04% at June 30, 2024, and 14.32% on September 30, 2024. The positive trend persisted into the fiscal year ending June 30, 2025, with margins reported at 15.83%, then further increasing to 17.09% at March 31, 2025, and reaching 18.13% by June 30, 2025.

Overall, the data reflect a substantial turnaround in Carpenter Technology Corporation’s operating profit margin over the analyzed period. The company transitioned from consistent periods of operating losses to sustained profitability, with margins progressively increasing each quarter in recent periods. This trend indicates effective operational improvements, cost management, and potentially favorable market conditions supporting enhanced profitability.