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Makes currency validation/payment acceptance technology and anti-counterfeiting security features for banknotes, spun off from Crane Holdings.
Makes currency validation/payment acceptance technology and anti-counterfeiting security features for banknotes, spun off from Crane Holdings.
Sells validators and acceptors to makers of vending, gaming, retail and transit machines, and supplies banknote security threads and features to central banks and printers on supply contracts. It was separated from the industrial business in 2023, after which Crane Company kept the aerospace and process-equipment side.
Moat: narrow (IP / patents, installed base, switching costs). Patented currency-validation and security technology embedded in long-lived vending/gaming and banknote systems.
Headquarters: Stamford, Connecticut, United States · Founded: 1855 · Employees: 4,800
Size Crane NXT (CXT) is a United States Information Technology company (Industrial Machinery) with a market value of $3.31B, the 1477th largest of 3,117 United States companies the cockpit tracks. Shares closed at $57.57 on 6 Nov 2026.
Performance Over six months the shares gained 27.1%, against -38.1% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 15 in its peer set.
Growth Revenue grew 17.3% over the last twelve months (peer median +3.4%); the operating margin is 16.3% (peer median 13.3%).
Valuation It trades at 12.6× forward earnings against a peer median of 14.2× (7th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is -10%, so the hurdle is +18 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 0.6 points above its cost of capital (8.6% WACC).
Backlog Backlog (remaining performance obligations) was $716M at 30 Sep 2026, up 28% on a year earlier — 0.4 years of trailing revenue. Backlog detail →
Short interest Short interest is 16.8% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.80B | $1.66B | $1.49B | $1.39B | $1.34B |
| Revenue growth | — | +11% | +7% | +4% | — |
| Gross profit | $759M | $704M | $665M | $654M | $626M |
| EBITDA | $421M | $394M | $390M | $365M | $386M |
| Net income | $140M | $145M | $184M | $188M | $205M |
| Free cash flow | $224M | $198M | $169M | $245M | $285M |
| Capital expenditure | $46.5M | $43.2M | $45.4M | $31.1M | $21.3M |
| Total debt | $1.47B | $1.21B | $814M | $695M | $881M |
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 NXT CXT | $3.31B | +27% | +17% | 16% | 12.6× | 7.8% |
| Orell Fussli OFN.SW | $338M | -17% | +3% | 9% | 14.4× | -10.0% |
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 | CXT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.5% | -38.0% | 2nd highest of 15 |
| 6-month return | +27.1% | -38.1% | 2nd highest of 15 |
| Distance from 52-week high | -12.2% | -58.9% | highest of 15 |
| Revenue growth (TTM) | +17.3% | +3.4% | 4th highest of 15 |
| Operating margin | 16.3% | 13.3% | 6th highest of 14 |
| Forward P/E | 12.6× | 14.2× | 7th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 7.8% | 21.0% | least demanding of 9 |
| Growth delivered (Del g) | -9.7% | +11.5% | lowest of 9 |
| Hurdle (Req g minus delivered) | +17.5 pp | +13.8 pp | 4th most demanding of 9 |
| ROIC minus cost of capital | +0.6 pp | -4.2 pp | 7th highest of 15 |
| EV / EBITDA | 10.9× | 15.9× | 5th cheapest of 14 |
| Net debt / EBITDA | 2.9× | -0.9× | 3rd most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Crane NXT CXT | United States | $3.31B | +27% | +17% | 16% | 12.6× | 7.8% | -9.7% |
| Kulicke and Soffa Industries, I KLIC | United States | $3.35B | -38% | +44% | 13% | 10.9× | 24.4% | +1.0% |
| ACM Research ACMR | United States | $3.11B | -25% | +27% | 13% | 16.0× | n/a | n/a |
| Axcelis Technologies ACLS | United States | $3.06B | -39% | -3% | 10% | 17.8× | 31.2% | +12.1% |
| Sumco 3436.T | Japan | $3.96B | -28% | +4% | -4% | n/a | n/a | n/a |
| GPGI GPGI | United States | $4.12B | +2% | -100% | n/a | 14.2× | n/a | n/a |
| EO Technics 039030.KS | South Korea | $2.53B | -39% | +26% | 25% | 29.9× | 18.0% | +3.2% |
| Badger Meter BMI | United States | $4.52B | +33% | -2% | 19% | 32.5× | 10.9% | +16.6% |
| Ultra Clean UCTT | United States | $1.97B | -53% | +16% | 4% | 7.2× | n/a | n/a |
| Omron 6645.T | Japan | $5.79B | -17% | -2% | 9% | 16.7× | 11.7% | +3.2% |
| Screen 7735.T | Japan | $9.20B | -24% | +3% | 20% | 12.4× | 17.3% | +13.6% |
| Ichor ICHR | United States | $1.16B | -58% | +15% | 3% | 9.9× | n/a | n/a |
| Shibaura Mechatronics 6590.T | Japan | $1.03B | -51% | +1% | 16% | 10.3× | n/a | n/a |
| HANMISemi 042700.KS | South Korea | $11.3B | -56% | -20% | 42% | 54.4× | 41.7% | +17.5% |
| MKS MKSI | United States | $13.0B | -39% | +16% | 17% | 11.5× | 24.0% | +11.0% |
Crane NXT reported $716M of remaining performance obligations at 30 Sep 2026, up 28% from a year earlier and down 5% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 0.92.