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Diversified industrial maker of aerospace/electronics components and process-flow, fluid-handling equipment for aerospace and process industries.
Diversified industrial maker of aerospace/electronics components and process-flow, fluid-handling equipment for aerospace and process industries.
Its parts go into aircraft and process plants when they are built and are bought again as replacements, so repair and aftermarket demand adds to original-equipment sales. It was split off in 2023 from Crane Holdings, whose payment-technology business became Crane NXT, leaving this company focused on aerospace and process flow.
Moat: narrow (switching costs, customer qualification, installed base). Qualified positions on aircraft platforms and process-critical valves create high switching costs.
Headquarters: Stamford, Connecticut, US · Founded: 1855 · Employees: 7,100
Size Crane (CR) is a United States Industrials company (Aerospace & Defense) with a market value of $11.6B, the 708th largest of 3,117 United States companies the cockpit tracks. Shares closed at $201.06 on 6 Nov 2026.
Performance Over six months the shares gained 10.9%, against -12.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 21.5% over the last twelve months (peer median +16.7%); the operating margin is 17.7% (peer median 10.1%).
Valuation It trades at 25.8× forward earnings against a peer median of 27.6× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is -4%, so the hurdle is +21 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points above its cost of capital (9.7% WACC).
Backlog Backlog (remaining performance obligations) was $1.89B at 30 Sep 2026, up 32% on a year earlier — 0.7 years of trailing revenue. Backlog detail →
Credit Crane has 2 bonds outstanding ($550M), rated BB by the agencies and trading like BB at a weighted spread of 242 bp.
Short interest Short interest is 2.1% of the free float (15 Oct 2026).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.76B | $2.31B | $2.13B | $1.86B | $2.04B |
| Revenue growth | — | +8% | +14% | -8% | — |
| Gross profit | $1.15B | $973M | $868M | $751M | $714M |
| EBITDA | $582M | $474M | $407M | $286M | $240M |
| Net income | $342M | $323M | $295M | $256M | $401M |
| Free cash flow | $384M | $341M | $236M | $189M | -$509M |
| Capital expenditure | $47.2M | $53.5M | $36.6M | $39.0M | $37.1M |
| Total debt | $946M | $1.22B | $319M | $315M | $461M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Crane CR | $11.6B | +11% | +22% | 18% | 25.8× | 17.5% |
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
| Curtiss-Wright CW | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% |
| CIR S.p.A. - Compagnie Industriali Riunite CIR.MI | $776M | +12% | 0% | 6% | 13.4× | 2.3% |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
| Woodward WWD | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | +3.0% | 10th lowest of 21 |
| 6-month return | +10.9% | -12.9% | 3rd highest of 21 |
| Distance from 52-week high | -12.8% | -34.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +21.5% | +16.7% | 8th highest of 21 |
| Operating margin | 17.7% | 10.1% | 6th highest of 21 |
| Forward P/E | 25.8× | 27.6× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 17.5% | 15.3% | 4th most demanding of 12 |
| Growth delivered (Del g) | -3.5% | +7.9% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | +21.1 pp | +2.3 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | +3.6 pp | +1.3 pp | 8th highest of 21 |
| EV / EBITDA | 21.1× | 17.8× | 7th most expensive of 14 |
| Net debt / EBITDA | 1.1× | 1.8× | 5th least indebted of 14 |
| Bond spread | 242 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Crane CR | United States | $11.6B | +11% | +22% | 18% | 25.8× | 17.5% | -3.5% |
| Huntington Ingalls Industries HII | United States | $11.4B | -8% | +13% | 5% | 14.4× | 5.3% | +5.9% |
| BWX Technologies BWXT | United States | $11.0B | -42% | +18% | 10% | 23.8× | 19.6% | +8.5% |
| Jonhon Optronic Technology 002179.SZ | China | $10.7B | -7% | +6% | 11% | 30.4× | n/a | n/a |
| Moog MOG-A | United States | $10.3B | +3% | +16% | 12% | 27.8× | 15.1% | +6.0% |
| Hensoldt HAG.DE | Germany | $10.0B | +2% | +15% | 10% | 41.3× | 12.2% | +15.3% |
| AVIC Xi'an Aircraft Industry 000768.SZ | China | $9.92B | +1% | -34% | 3% | 55.7× | n/a | n/a |
| Embraer S.A. Sponsored ADR EMBJ | United States | $14.1B | +23% | +20% | 8% | 23.6× | 16.9% | +14.5% |
| Textron TXT | United States | $14.2B | -8% | +9% | 7% | 11.9× | 8.3% | +4.9% |
| Csg CSG.AS | Netherlands | $14.6B | -20% | +72% | 25% | 11.7× | n/a | n/a |
| Leonardo DRS DRS | United States | $9.08B | -18% | +9% | 11% | 23.1× | 4.6% | +5.6% |
| Raytron Technology 688002.SS | China | $8.64B | -15% | +84% | 29% | 26.4× | 20.1% | +32.1% |
| AECC Aviation Power 600893.SS | China | $15.8B | -15% | +18% | 2% | 173.7× | n/a | n/a |
| AVIC Airborne Systems 600372.SS | China | $8.36B | -11% | -2% | 5% | 48.1× | n/a | n/a |
| Curtiss-Wright CW | United States | $17.1B | -36% | +11% | 19% | 27.4× | 16.2% | +7.9% |
| Melrose Industries MRO.L | United Kingdom | $7.80B | -4% | +9% | 11% | 13.4× | 15.3% | -12.8% |
| Korea Aerospace 047810.KS | South Korea | $7.37B | -39% | +44% | 6% | 45.4× | n/a | n/a |
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| Loar LOAR | United States | $7.05B | +26% | +30% | 25% | 52.2× | 29.1% | +27.5% |
| Hanwha Systems 272210.KS | South Korea | $6.93B | -57% | +30% | 6% | 82.5× | n/a | n/a |
| Kratos Defense & Security Solutions KTOS | United States | $6.59B | -39% | +26% | 2% | 36.4× | n/a | n/a |
Crane has 2 bonds outstanding with $550M face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 7.54%, a spread of 242 bp over government bonds.
Crane reported $1.89B of remaining performance obligations at 30 Sep 2026, up 32% from a year earlier and up 0% from the previous quarter. That is 0.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.