Carpenter Technology Stock Gross Profit

CRS Stock  USD 71.42  1.23  1.75%   
Carpenter Technology fundamentals help investors to digest information that contributes to Carpenter Technology's financial success or failures. It also enables traders to predict the movement of Carpenter Stock. The fundamental analysis module provides a way to measure Carpenter Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Carpenter Technology stock.
Gross Profit Margin is likely to gain to 0.24 in 2024, whereas Gross Profit is likely to drop slightly above 293.4 M in 2024.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Carpenter Gross Profit Analysis

Carpenter Technology's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Carpenter Technology Gross Profit

293.36 Million

Gross Profit

 = 

Revenue

-

Cost of Revenue

More About Gross Profit | All Equity Analysis

Current Carpenter Technology Gross Profit

    
  143.8 M  
Most of Carpenter Technology's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Carpenter Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Carpenter Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Carpenter Technology is extremely important. It helps to project a fair market value of Carpenter Stock properly, considering its historical fundamentals such as Gross Profit. Since Carpenter Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Carpenter Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Carpenter Technology's interrelated accounts and indicators.
0.350.970.460.950.420.34-0.620.980.960.060.470.970.330.64-0.740.660.82-0.530.85-0.86-0.020.570.360.510.550.57-0.38-0.090.310.140.320.08
0.350.360.240.30.40.37-0.290.330.44-0.40.230.28-0.230.1-0.330.360.34-0.390.26-0.17-0.110.470.570.340.640.43-0.64-0.530.610.170.630.3
0.970.360.430.930.420.33-0.530.90.920.010.460.910.290.51-0.660.670.81-0.470.85-0.79-0.10.650.340.520.570.58-0.36-0.210.350.140.360.07
0.460.240.430.370.780.61-0.630.460.35-0.370.620.45-0.440.25-0.620.650.13-0.660.64-0.49-0.40.710.720.750.750.79-0.53-0.140.68-0.160.670.62
0.950.30.930.370.250.22-0.690.930.870.120.290.910.40.77-0.820.530.9-0.590.8-0.82-0.070.410.350.360.470.52-0.36-0.030.230.140.24-0.08
0.420.40.420.780.250.57-0.340.40.49-0.450.90.47-0.230.04-0.330.450.08-0.360.36-0.530.080.770.560.550.710.51-0.4-0.360.73-0.240.750.73
0.340.370.330.610.220.57-0.560.340.26-0.60.320.37-0.550.15-0.460.6-0.07-0.660.54-0.36-0.150.550.80.680.80.68-0.6-0.280.720.530.660.44
-0.62-0.29-0.53-0.63-0.69-0.34-0.56-0.68-0.460.3-0.21-0.660.06-0.820.97-0.47-0.450.96-0.650.670.19-0.27-0.75-0.44-0.59-0.710.54-0.13-0.37-0.16-0.36-0.09
0.980.330.90.460.930.40.34-0.680.940.110.450.980.350.73-0.790.630.78-0.570.81-0.880.040.470.360.480.520.53-0.380.030.270.130.260.09
0.960.440.920.350.870.490.26-0.460.940.090.560.940.420.54-0.590.550.79-0.370.69-0.830.180.560.260.40.50.41-0.31-0.160.310.050.320.14
0.06-0.40.01-0.370.12-0.45-0.60.30.110.09-0.270.060.590.150.15-0.260.190.44-0.12-0.070.13-0.46-0.64-0.35-0.57-0.530.490.33-0.520.04-0.57-0.37
0.470.230.460.620.290.90.32-0.210.450.56-0.270.540.080.02-0.220.370.17-0.160.3-0.620.160.650.30.430.450.35-0.22-0.270.42-0.40.450.56
0.970.280.910.450.910.470.37-0.660.980.940.060.540.420.69-0.750.590.73-0.530.76-0.950.110.480.330.460.480.5-0.3-0.020.240.120.240.08
0.33-0.230.29-0.440.4-0.23-0.550.060.350.420.590.080.420.41-0.06-0.310.490.27-0.1-0.460.51-0.37-0.56-0.47-0.52-0.440.440.22-0.59-0.15-0.56-0.47
0.640.10.510.250.770.040.15-0.820.730.540.150.020.690.41-0.870.160.67-0.690.47-0.690.13-0.080.340.050.230.32-0.290.280.030.130.02-0.15
-0.74-0.33-0.66-0.62-0.82-0.33-0.460.97-0.79-0.590.15-0.22-0.75-0.06-0.87-0.51-0.620.92-0.720.740.21-0.32-0.68-0.44-0.59-0.70.54-0.07-0.37-0.14-0.36-0.06
0.660.360.670.650.530.450.6-0.470.630.55-0.260.370.59-0.310.16-0.510.29-0.490.89-0.46-0.550.760.490.960.680.76-0.43-0.050.470.240.460.34
0.820.340.810.130.90.08-0.07-0.450.780.790.190.170.730.490.67-0.620.29-0.370.58-0.590.060.280.160.090.320.3-0.34-0.10.13-0.010.15-0.14
-0.53-0.39-0.47-0.66-0.59-0.36-0.660.96-0.57-0.370.44-0.16-0.530.27-0.690.92-0.49-0.37-0.630.530.27-0.35-0.87-0.48-0.71-0.770.660.0-0.52-0.22-0.5-0.13
0.850.260.850.640.80.360.54-0.650.810.69-0.120.30.76-0.10.47-0.720.890.58-0.63-0.63-0.440.690.510.80.680.8-0.49-0.060.430.270.420.2
-0.86-0.17-0.79-0.49-0.82-0.53-0.360.67-0.88-0.83-0.07-0.62-0.95-0.46-0.690.74-0.46-0.590.53-0.63-0.16-0.37-0.32-0.38-0.38-0.430.240.0-0.19-0.05-0.19-0.08
-0.02-0.11-0.1-0.4-0.070.08-0.150.190.040.180.130.160.110.510.130.21-0.550.060.27-0.44-0.16-0.3-0.28-0.61-0.23-0.50.22-0.01-0.17-0.09-0.17-0.05
0.570.470.650.710.410.770.55-0.270.470.56-0.460.650.48-0.37-0.08-0.320.760.28-0.350.69-0.37-0.30.530.780.810.72-0.46-0.410.74-0.080.780.61
0.360.570.340.720.350.560.8-0.750.360.26-0.640.30.33-0.560.34-0.680.490.16-0.870.51-0.32-0.280.530.560.880.74-0.77-0.220.810.220.780.43
0.510.340.520.750.360.550.68-0.440.480.4-0.350.430.46-0.470.05-0.440.960.09-0.480.8-0.38-0.610.780.560.710.76-0.45-0.090.570.20.550.49
0.550.640.570.750.470.710.8-0.590.520.5-0.570.450.48-0.520.23-0.590.680.32-0.710.68-0.38-0.230.810.880.710.8-0.76-0.390.930.20.910.61
0.570.430.580.790.520.510.68-0.710.530.41-0.530.350.5-0.440.32-0.70.760.3-0.770.8-0.43-0.50.720.740.760.8-0.7-0.360.590.120.590.36
-0.38-0.64-0.36-0.53-0.36-0.4-0.60.54-0.38-0.310.49-0.22-0.30.44-0.290.54-0.43-0.340.66-0.490.240.22-0.46-0.77-0.45-0.76-0.70.5-0.64-0.27-0.59-0.27
-0.09-0.53-0.21-0.14-0.03-0.36-0.28-0.130.03-0.160.33-0.27-0.020.220.28-0.07-0.05-0.10.0-0.060.0-0.01-0.41-0.22-0.09-0.39-0.360.5-0.45-0.14-0.44-0.22
0.310.610.350.680.230.730.72-0.370.270.31-0.520.420.24-0.590.03-0.370.470.13-0.520.43-0.19-0.170.740.810.570.930.59-0.64-0.450.160.980.74
0.140.170.14-0.160.14-0.240.53-0.160.130.050.04-0.40.12-0.150.13-0.140.24-0.01-0.220.27-0.05-0.09-0.080.220.20.20.12-0.27-0.140.160.06-0.19
0.320.630.360.670.240.750.66-0.360.260.32-0.570.450.24-0.560.02-0.360.460.15-0.50.42-0.19-0.170.780.780.550.910.59-0.59-0.440.980.060.75
0.080.30.070.62-0.080.730.44-0.090.090.14-0.370.560.08-0.47-0.15-0.060.34-0.14-0.130.2-0.08-0.050.610.430.490.610.36-0.27-0.220.74-0.190.75
Click cells to compare fundamentals

Carpenter Gross Profit Historical Pattern

Today, most investors in Carpenter Technology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Carpenter Technology's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Carpenter Technology gross profit as a starting point in their analysis.
   Carpenter Technology Gross Profit   
       Timeline  
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Competition

According to the company disclosure, Carpenter Technology reported 143.8 M of gross profit. This is 96.45% lower than that of the Metals & Mining sector and 16.27% lower than that of the Materials industry. The gross profit for all United States stocks is 99.47% higher than that of the company.

Carpenter Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carpenter Technology's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Carpenter Technology could also be used in its relative valuation, which is a method of valuing Carpenter Technology by comparing valuation metrics of similar companies.
Carpenter Technology is currently under evaluation in gross profit category among related companies.

Carpenter Fundamentals

About Carpenter Technology Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Carpenter Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carpenter Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carpenter Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Gross Profit387.9 M293.4 M
Gross Profit Margin 0.15  0.24 

Pair Trading with Carpenter Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Carpenter Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Carpenter Technology will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Carpenter Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carpenter Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Carpenter Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Carpenter Technology to buy it.
The correlation of Carpenter Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carpenter Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carpenter Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Carpenter Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Carpenter Technology is a strong investment it is important to analyze Carpenter Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carpenter Technology's future performance. For an informed investment choice regarding Carpenter Stock, refer to the following important reports:
Check out Carpenter Technology Piotroski F Score and Carpenter Technology Altman Z Score analysis.
For more information on how to buy Carpenter Stock please use our How to Invest in Carpenter Technology guide.
You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Complementary Tools for Carpenter Stock analysis

When running Carpenter Technology's price analysis, check to measure Carpenter Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carpenter Technology is operating at the current time. Most of Carpenter Technology's value examination focuses on studying past and present price action to predict the probability of Carpenter Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carpenter Technology's price. Additionally, you may evaluate how the addition of Carpenter Technology to your portfolios can decrease your overall portfolio volatility.
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Is Carpenter Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carpenter Technology. If investors know Carpenter will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carpenter Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
5.8
Dividend Share
0.8
Earnings Share
2.89
Revenue Per Share
55.43
Quarterly Revenue Growth
0.078
The market value of Carpenter Technology is measured differently than its book value, which is the value of Carpenter that is recorded on the company's balance sheet. Investors also form their own opinion of Carpenter Technology's value that differs from its market value or its book value, called intrinsic value, which is Carpenter Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carpenter Technology's market value can be influenced by many factors that don't directly affect Carpenter Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carpenter Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carpenter Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carpenter Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.