Crane Financials

CXT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 64/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Crane has an operating margin of 18.1%, meaning the company retains $18 of operating profit per $100 of revenue. This strong profitability earns a score of 90/100, reflecting efficient cost management and pricing power. This is down from 20.6% the prior year.

Growth

Crane's revenue grew 6.9% year-over-year to $1.5B, a solid pace of expansion. This earns a growth score of 48/100.

Leverage

Crane carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Crane's current ratio of 1.14 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.

Cash Flow

Crane has a free cash flow margin of 11.3%, earning a moderate score of 57/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Crane earns a strong 17.3% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 69/100. This is down from 19.5% the prior year.

Altman Z-Score Grey Zone

2.57

Crane scores 2.57, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.0B) relative to total liabilities ($1.3B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

4/9

Crane passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.16x

For every $1 of reported earnings, Crane generates $1.16 in operating cash flow ($214.1M OCF vs $184.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Crane (CXT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$1.5B

YoY+6.9%

5Y CAGR-13.5%

10Y CAGR-6.5%

Crane generated $1.5B in revenue in fiscal year 2024. This represents an increase of 6.9% from the prior year.

EBITDA

$355.6M

YoY-2.4%

5Y CAGR+4.1%

10Y CAGR-1.0%

Crane's EBITDA was $355.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.4% from the prior year.

Free Cash Flow

$168.7M

YoY-31.2%

5Y CAGR-12.5%

10Y CAGR-2.6%

Crane generated $168.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 31.2% from the prior year.

Net Income

$184.1M

YoY-2.2%

5Y CAGR+6.7%

10Y CAGR-0.5%

Crane reported $184.1M in net income in fiscal year 2024. This represents a decrease of 2.2% from the prior year.

EPS (Diluted)

$3.19

YoY-2.7%

5Y CAGR+7.7%

10Y CAGR-0.1%

Crane earned $3.19 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 2.7% from the prior year.

Cash & Debt

$165.8M

YoY-27.0%

5Y CAGR-15.9%

10Y CAGR-7.5%

Crane held $165.8M in cash against $540.6M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.64

YoY+52.4%

5Y CAGR-16.3%

Crane paid $0.64 per share in dividends in fiscal year 2024. This represents an increase of 52.4% from the prior year.

Shares Outstanding

57M

YoY+0.5%

5Y CAGR-0.7%

10Y CAGR-0.2%

Crane had 57M shares outstanding in fiscal year 2024. This represents an increase of 0.5% from the prior year.

Gross Margin

44.7%

YoY-2.3pp

5Y CAGR+6.4pp

10Y CAGR+10.0pp

Crane's gross margin was 44.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.

Operating Margin

18.1%

YoY-2.5pp

5Y CAGR+12.1pp

10Y CAGR+7.3pp

Crane's operating margin was 18.1% in fiscal year 2024, reflecting core business profitability. This is down 2.5 percentage points from the prior year.

Net Margin

12.4%

YoY-1.2pp

5Y CAGR+8.0pp

10Y CAGR+5.8pp

Crane's net profit margin was 12.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.2 percentage points from the prior year.

Return on Equity

17.3%

YoY-2.2pp

5Y CAGR+8.2pp

10Y CAGR-0.9pp

Crane's ROE was 17.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.2 percentage points from the prior year.

R&D Spending

$39.5M

YoY-7.7%

5Y CAGR-11.8%

10Y CAGR-5.3%

Crane invested $39.5M in research and development in fiscal year 2024. This represents a decrease of 7.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$45.4M

YoY+46.0%

5Y CAGR-6.8%

10Y CAGR+0.4%

Crane invested $45.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 46.0% from the prior year.

CXT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.5B+6.9%	$1.4B-58.8%	$3.4B-1.0%	$3.4B+16.0%	$2.9B-4.5%	$3.1B
Cost of Revenue	$821.7M+11.5%	$737.2M+3.3%	$713.7M-4.4%	$746.2M-61.4%	$1.9B-0.6%	$1.9B
Gross Profit	$665.1M+1.7%	$654.1M-75.4%	$2.7B+114.4%	$1.2B+28.6%	$965.1M-18.1%	$1.2B
R&D Expenses	$39.5M-7.7%	$42.8M+26.3%	$33.9M+2.1%	$33.2M-55.5%	$74.6M+0.8%	$74.0M
SG&A Expenses	$386.2M+5.3%	$366.8M+15.1%	$318.7M-1.5%	$323.4M-53.7%	$698.1M+2.9%	$678.6M
Operating Income	$268.8M-6.3%	$286.8M-4.8%	$301.3M+7.9%	$279.2M+6.2%	$262.9M+43.6%	$183.1M
Interest Expense	N/A	N/A	$52.2M+11.3%	$46.9M-15.2%	$55.3M+18.2%	$46.8M
Income Tax	$42.3M-17.9%	$51.5M+18.7%	$43.4M-9.8%	$48.1M+10.8%	$43.4M+38.7%	$31.3M
Net Income	$184.1M-2.2%	$188.3M-8.1%	$204.9M+15.1%	$178.0M-1.7%	$181.0M+35.8%	$133.3M
EPS (Diluted)	$3.19-2.7%	$3.28-9.1%	$3.61+15.0%	$3.14+1.9%	$3.08+40.0%	$2.20

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$445.1M+10.1%	$404.4M+22.4%	$330.3M-17.2%	$399.1M+7.7%	$370.6M+18.2%	$313.6M	N/A	$352.9M
Cost of Revenue	$252.5M+7.2%	$235.6M+23.9%	$190.1M-13.0%	$218.6M+4.2%	$209.7M+30.1%	$161.2M	N/A	$187.4M
Gross Profit	$192.6M+14.1%	$168.8M+20.4%	$140.2M-22.3%	$180.5M+12.2%	$160.9M+5.6%	$152.4M	N/A	$165.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$107.2M-5.6%	$113.6M+10.4%	$102.9M+0.6%	$102.3M+9.6%	$93.3M-1.1%	$94.3M	N/A	$85.8M
Operating Income	$81.9M+71.0%	$47.9M+28.4%	$37.3M-47.3%	$70.8M+4.7%	$67.6M+22.0%	$55.4M	N/A	$79.7M
Interest Expense	$16.2M-1.2%	$16.4M+42.6%	$11.5M-14.2%	$13.4M+8.1%	$12.4M+25.3%	$9.9M	N/A	N/A
Income Tax	$15.7M+101.3%	$7.8M+21.9%	$6.4M+88.2%	$3.4M-75.4%	$13.8M+55.1%	$8.9M	N/A	$16.0M
Net Income	$50.5M+102.8%	$24.9M+14.7%	$21.7M-62.3%	$57.6M+38.5%	$41.6M+10.1%	$37.8M	N/A	$51.9M
EPS (Diluted)	$0.87+102.3%	$0.43+13.2%	$0.38-62.0%	$1.00+38.9%	$0.72+9.1%	$0.66	N/A	$0.90

CXT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.4B+12.1%	$2.1B0.0%	$2.1B-52.5%	$4.5B-2.8%	$4.6B+4.3%	$4.4B
Current Assets	$642.5M-0.3%	$644.4M+3.4%	$623.3M-59.6%	$1.5B-1.9%	$1.6B+4.9%	$1.5B
Cash & Equivalents	$165.8M-27.0%	$227.2M-1.5%	$230.7M-51.8%	$478.6M-13.1%	$551.0M+39.9%	$393.9M
Inventory	$144.8M-7.8%	$157.1M+7.9%	$145.6M-67.6%	$449.1M+4.5%	$429.7M-6.0%	$457.3M
Accounts Receivable	$265.9M+23.7%	$214.9M+4.8%	$205.1M-57.5%	$483.0M+13.9%	$423.9M-23.6%	$555.1M
Goodwill	$956.6M+13.7%	$841.2M+0.5%	$836.6M-2.8%	$860.6M-46.5%	$1.6B+23.7%	$1.3B
Total Liabilities	$1.3B+13.4%	$1.2B-13.4%	$1.3B-63.9%	$3.7B+20.7%	$3.1B+4.6%	$2.9B
Current Liabilities	$562.4M+68.2%	$334.4M-47.0%	$631.4M-20.0%	$789.3M-25.3%	$1.1B+15.3%	$916.7M
Long-Term Debt	$540.6M-15.6%	$640.3M+17.8%	$543.7M-35.5%	$842.4M-0.1%	$842.9M+0.1%	$842.0M
Total Equity	$1.1B+10.5%	$964.0M+23.0%	$783.8M+2.6%	$763.8M-16.4%	$914.1M-38.0%	$1.5B
Retained Earnings	$268.4M+122.0%	$120.9M	$0-100.0%	$2.5B+15.3%	$2.2B+3.8%	$2.1B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.9B0.0%	$2.9B+20.1%	$2.4B+1.8%	$2.4B0.0%	$2.4B+13.8%	$2.1B-1.4%	$2.1B+1.7%	$2.1B
Current Assets	$770.6M+3.7%	$743.2M+9.8%	$676.9M+5.4%	$642.5M+1.7%	$631.9M+0.4%	$629.1M-2.4%	$644.4M+3.1%	$625.2M
Cash & Equivalents	$182.4M+19.6%	$152.5M-12.3%	$173.8M+4.8%	$165.8M-5.5%	$175.5M-20.4%	$220.6M-2.9%	$227.2M-0.8%	$229.0M
Inventory	$195.9M+2.9%	$190.3M+20.2%	$158.3M+9.3%	$144.8M-15.3%	$171.0M+3.0%	$166.1M+5.7%	$157.1M-5.3%	$165.9M
Accounts Receivable	$300.7M-2.6%	$308.8M+12.7%	$274.0M+3.0%	$265.9M+18.0%	$225.4M+23.3%	$182.8M-14.9%	$214.9M+20.0%	$179.1M
Goodwill	$1.2B-0.5%	$1.2B+21.1%	$964.5M+0.8%	$956.6M+0.7%	$950.4M+14.5%	$830.1M-1.3%	$841.2M+1.7%	$827.3M
Total Liabilities	$1.7B-2.1%	$1.7B+31.7%	$1.3B0.0%	$1.3B-5.4%	$1.4B+23.2%	$1.1B-2.6%	$1.2B-4.6%	$1.2B
Current Liabilities	$609.9M-1.5%	$619.1M+9.8%	$563.6M+0.2%	$562.4M+6.7%	$526.9M+77.5%	$296.9M-11.2%	$334.4M+7.0%	$312.6M
Long-Term Debt	$834.3M-3.2%	$861.8M+59.3%	$541.1M+0.1%	$540.6M-15.4%	$638.9M-0.1%	$639.6M-0.1%	$640.3M-9.6%	$708.1M
Total Equity	$1.2B+3.3%	$1.2B+6.2%	$1.1B+3.9%	$1.1B+7.6%	$989.8M+2.7%	$964.1M0.0%	$964.0M+10.5%	$872.6M
Retained Earnings	$336.3M+13.8%	$295.5M+5.4%	$280.4M+4.5%	$268.4M+47.5%	$182.0M+21.7%	$149.6M+23.7%	$120.9M+52.5%	$79.3M

CXT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$214.1M-22.5%	$276.3M-9.7%	$306.0M+10.5%	$277.0M-10.5%	$309.5M-21.4%	$393.9M
Capital Expenditures	$45.4M+46.0%	$31.1M+46.0%	$21.3M+14.5%	$18.6M-45.5%	$34.1M-47.0%	$64.4M
Free Cash Flow	$168.7M-31.2%	$245.2M-13.9%	$284.7M+10.2%	$258.4M-6.2%	$275.4M-16.4%	$329.5M
Investing Cash Flow	-$318.0M-922.5%	-$31.1M-46.0%	-$21.3M-34.8%	-$15.8M+93.1%	-$229.1M-3.7%	-$221.0M
Financing Cash Flow	$62.1M+124.6%	-$252.5M-87.0%	-$135.0M+54.7%	-$298.1M-641.0%	$55.1M+144.2%	-$124.6M
Dividends Paid	$36.6M+54.4%	$23.7M	$0	$0-100.0%	$100.4M+7.7%	$93.2M
Share Buybacks	N/A	N/A	$203.7M+111.5%	$96.3M+37.6%	$70.0M-12.4%	$79.9M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$92.0M+46.5%	$62.8M+428.8%	-$19.1M-123.6%	$81.1M+42.8%	$56.8M+497.9%	$9.5M-87.9%	$78.5M-23.6%	$102.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$10.1M+97.5%	-$399.0M-2833.8%	-$13.6M0.0%	-$13.6M+95.1%	-$278.6M-2128.8%	-$12.5M+16.7%	-$15.0M-97.4%	-$7.6M
Financing Cash Flow	-$51.5M-116.8%	$306.8M+707.4%	$38.0M+170.8%	-$53.7M-129.9%	$179.6M+1594.3%	$10.6M+113.9%	-$76.0M+42.8%	-$132.8M
Dividends Paid	$9.7M-1.0%	$9.8M+1.0%	$9.7M+5.4%	$9.2M0.0%	$9.2M+1.1%	$9.1M+15.2%	$7.9M0.0%	$7.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CXT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	44.7%-2.3pp	47.0%-31.8pp	78.8%+42.4pp	36.4%+3.5pp	32.9%-5.5pp	38.4%
Operating Margin	18.1%-2.5pp	20.6%+11.7pp	8.9%+0.7pp	8.2%-0.8pp	8.9%+3.0pp	6.0%
Net Margin	12.4%-1.2pp	13.5%+7.5pp	6.1%+0.8pp	5.2%-0.9pp	6.2%+1.8pp	4.3%
Return on Equity	17.3%-2.2pp	19.5%-6.6pp	26.1%+2.8pp	23.3%+3.5pp	19.8%+10.8pp	9.0%
Return on Assets	7.7%-1.1pp	8.8%-0.8pp	9.6%+5.6pp	4.0%+0.1pp	3.9%+0.9pp	3.0%
Current Ratio	1.14-0.8	1.93+0.9	0.99-1.0	1.96+0.5	1.49-0.1	1.64
Debt-to-Equity	0.51-0.2	0.66-0.0	0.69-0.4	1.10+0.2	0.92+0.4	0.57
FCF Margin	11.3%-6.3pp	17.6%+9.2pp	8.4%+0.9pp	7.6%-1.8pp	9.4%-1.3pp	10.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	43.3%+1.5pp	41.7%-0.7pp	42.4%-2.8pp	45.2%+1.8pp	43.4%-5.2pp	48.6%	N/A	46.9%
Operating Margin	18.4%+6.6pp	11.8%+0.6pp	11.3%-6.5pp	17.7%-0.5pp	18.2%+0.6pp	17.7%	N/A	22.6%
Net Margin	11.3%+5.2pp	6.2%-0.4pp	6.6%-7.9pp	14.4%+3.2pp	11.2%-0.8pp	12.0%	N/A	14.7%
Return on Equity	4.2%+2.0pp	2.1%+0.2pp	2.0%-3.5pp	5.4%+1.2pp	4.2%+0.3pp	3.9%	N/A	5.9%
Return on Assets	1.7%+0.9pp	0.9%-0.0pp	0.9%-1.5pp	2.4%+0.7pp	1.7%-0.1pp	1.8%	N/A	2.5%
Current Ratio	1.26+0.1	1.200.0	1.20+0.1	1.14-0.1	1.20-0.9	2.12+0.2	1.93-0.1	2.00
Debt-to-Equity	0.69-0.0	0.73+0.2	0.49-0.0	0.51-0.1	0.65-0.0	0.660.0	0.66-0.1	0.81
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Crane's annual revenue?

Crane (CXT) reported $1.5B in total revenue for fiscal year 2024. This represents a 6.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Crane's revenue growing?

Crane (CXT) revenue grew by 6.9% year-over-year, from $1.4B to $1.5B in fiscal year 2024.

Is Crane profitable?

Yes, Crane (CXT) reported a net income of $184.1M in fiscal year 2024, with a net profit margin of 12.4%.

What is Crane's earnings per share (EPS)?

Crane (CXT) reported diluted earnings per share of $3.19 for fiscal year 2024. This represents a -2.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Crane's EBITDA?

Crane (CXT) had EBITDA of $355.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Crane have?

As of fiscal year 2024, Crane (CXT) had $165.8M in cash and equivalents against $540.6M in long-term debt.

What is Crane's gross margin?

Crane (CXT) had a gross margin of 44.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Crane's operating margin?

Crane (CXT) had an operating margin of 18.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Crane's net profit margin?

Crane (CXT) had a net profit margin of 12.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Crane pay dividends?

Yes, Crane (CXT) paid $0.64 per share in dividends during fiscal year 2024.

What is Crane's return on equity (ROE)?

Crane (CXT) has a return on equity of 17.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Crane's free cash flow?

Crane (CXT) generated $168.7M in free cash flow during fiscal year 2024. This represents a -31.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Crane's operating cash flow?

Crane (CXT) generated $214.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Crane's total assets?

Crane (CXT) had $2.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Crane's capital expenditures?

Crane (CXT) invested $45.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Crane spend on research and development?

Crane (CXT) invested $39.5M in research and development during fiscal year 2024.

How many shares does Crane have outstanding?

Crane (CXT) had 57M shares outstanding as of fiscal year 2024.

What is Crane's current ratio?

Crane (CXT) had a current ratio of 1.14 as of fiscal year 2024, which is considered adequate.

What is Crane's debt-to-equity ratio?

Crane (CXT) had a debt-to-equity ratio of 0.51 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Crane's return on assets (ROA)?

Crane (CXT) had a return on assets of 7.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Crane's Altman Z-Score?

Crane (CXT) has an Altman Z-Score of 2.57, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Crane's Piotroski F-Score?

Crane (CXT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Crane's earnings high quality?

Crane (CXT) has an earnings quality ratio of 1.16x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Crane?

Crane (CXT) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.