Carpenter Technology Corporation (CRS)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 376,000 | 357,900 | 268,800 | 227,400 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,887,000 | 1,781,700 | 1,716,900 | 1,660,300 | 1,628,800 | 1,502,600 | 1,473,800 | 1,429,300 | 1,396,100 | 1,327,200 | 1,321,100 | 1,306,800 | 1,330,500 | 1,347,100 | 1,333,100 | 1,367,600 | 1,392,300 | 1,381,200 | 1,332,900 | 1,407,500 |
| ROE | 19.93% | 20.09% | 15.66% | 13.70% | 11.45% | 8.74% | 9.74% | 7.49% | 4.03% | 1.54% | -0.42% | -3.15% | -3.69% | -8.08% | -10.64% | -14.43% | -16.49% | -21.06% | -15.79% | -6.17% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $376,000K ÷ $1,887,000K
= 19.93%
The analysis of Carpenter Technology Corporation's return on equity (ROE) over the period from September 30, 2020, through June 30, 2025, reveals a trajectory of substantial improvement from deeply negative territory toward positive profitability. Initially, the ROE exhibited significant losses, with figures of –6.17% as of September 30, 2020, deepening to –15.79% by December 31, 2020, and further declining to –21.06% as of March 31, 2021. During this period, the company faced notable challenges, with the negative ROE indicating that shareholders' equity was being eroded by persistent losses.
Subsequent quarters showed a gradual recovery, with the ROE narrowing to –16.49% as of June 30, 2021, and continuing to improve to –14.43% by September 30, 2021. The trend persisted into the latter part of 2021 and early 2022, with the negative ROE decreasing to –10.64% at the end of December 2021 and –8.08% at the end of March 2022, signaling ongoing operational improvements.
A marked turning point appears in mid-2022, as the ROE transitions into positive territory, reaching –3.69% by June 30, 2022, and –3.15% as of September 30, 2022. The positive shift accelerates subsequently, with the ROE further improving to –0.42% at the close of 2022 and turning positive at 1.54% as of March 31, 2023. This upward movement continues into 2023 and 2024, with the ROE increasing to 4.03%, 7.49%, 9.74%, and further to 13.70% and beyond, indicating a sustained period of profitability.
By the end of the observed period, in June 2025, the ROE reaches approximately 19.93%, reflecting a significant return to robust profitability levels. Overall, the data indicates a substantial turnaround from prior losses to consistent positive returns, highlighting an improving financial performance and a strengthening of shareholder value over the analyzed period.
Peer comparison
Jun 30, 2025