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CR

Crane Company

CR

Crane Company • NYSE
$183.25 ▲ 0.38% (+0.70)
Market Cap $10.54 B
52w High $203.89
52w Low $127.04
Dividend Yield 0.92%
P/E 33.56
Volume 129.59K
Outstanding Shares 57.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $589.2M ▲ $132.9M ▼ $91.4M ▲ 15.513% ▲ $1.56 ▲ $133.6M ▲
Q2-2025 $577.2M ▲ $139.4M ▲ $86.4M ▼ 14.969% ▼ $1.4 ▼ $122M ▲
Q1-2025 $557.6M ▲ $136.5M ▲ $107.1M ▲ 19.207% ▲ $1.87 ▲ $109.6M ▲
Q4-2024 $544.1M ▼ $136.3M ▲ $81M ▲ 14.887% ▲ $1.42 ▲ $99.7M ▼
Q3-2024 $597.2M $132.8M $77.3M 12.944% $1.35 $119.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $388.2M ▲ $2.549B ▲ $580.5M ▼ $1.966B ▲
Q2-2025 $332.2M ▼ $2.517B ▼ $628M ▼ $1.886B ▲
Q1-2025 $435.1M ▲ $2.622B ▼ $862.9M ▼ $1.757B ▲
Q4-2024 $306.7M ▲ $2.642B ▼ $1.001B ▼ $1.639B ▲
Q3-2024 $258.2M $2.652B $1.075B $1.574B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $91.4M ▲ $130.2M ▲ $-13.1M ▼ $-61.6M ▲ $56M ▲ $116.8M ▲
Q2-2025 $80.3M ▲ $105M ▲ $-10M ▼ $-211.7M ▼ $-102.9M ▼ $88.9M ▲
Q1-2025 $78.3M ▲ $-46.2M ▼ $193.3M ▲ $-23.6M ▲ $128.4M ▲ $-60.4M ▼
Q4-2024 $70.3M ▼ $209M ▲ $-51.6M ▼ $-94.2M ▼ $50M ▲ $197.9M ▲
Q3-2024 $77.3M $81.7M $-4.5M $-55.1M $28.9M $72.7M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Aerospace And Electronics
Aerospace And Electronics
 $90.00M ▲$840.00M ▲$90.00M ▼$100.00M ▲
Process Flow Technologies
Process Flow Technologies
 $230.00M ▲$960.00M ▲$230.00M ▼$240.00M ▲
Engineered Materials
Engineered Materials
 $30.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last couple of years after a period of volatility and portfolio reshaping, suggesting the business is now more focused and higher quality. Profitability at the operating level has clearly improved, with margins moving up and the core business looking healthier than the headline history might suggest. The earlier spike and swings in net income and earnings per share appear influenced by one‑off items and corporate restructuring, so the recent years are probably a better guide to the underlying earnings power. Overall, this looks like a story of a smaller but more profitable company, with cleaner, more repeatable earnings starting to emerge.

Balance Sheet

Balance Sheet The balance sheet has become leaner, with total assets and debt both reduced compared with a few years ago, which points to a more focused portfolio and a lower financial risk profile. Debt levels now look moderate relative to the company’s equity base, indicating a reasonably conservative use of leverage. Cash on hand is steady rather than excessive, giving some flexibility but not suggesting large unused cash piles. Equity has been trending upward, which typically reflects retained profitability and a gradual strengthening of the capital base.

Cash Flow

Cash Flow Cash generation had a weak patch a few years ago, including a year where operating cash flow turned negative, likely tied to restructuring, working capital swings, or separation-related items. Since then, operating cash flow and free cash flow have both recovered and now line up more closely with reported profits, which supports the quality and sustainability of earnings. Investment spending on equipment and facilities has been fairly modest and stable, indicating disciplined capital spending and a business that is not excessively capital‑hungry. The recent pattern suggests healthier, more reliable cash generation, but the earlier volatility is a reminder that cash flow can still swing with cycles and large projects.

Competitive Edge

Competitive Edge Crane operates in specialized niches of aerospace, defense, and industrial flow control where reliability is critical and failure is very costly, which naturally supports pricing power and customer stickiness. Long-standing relationships with major customers, including key aerospace manufacturers, and a large installed base that generates recurring aftermarket revenue provide a meaningful cushion against new entrants. The Crane Business System underpins a culture of operational excellence and continuous improvement, which can be a quiet but important competitive advantage over time. That said, the company still faces cyclical demand in aerospace and industrial markets, exposure to large customers, and competition from other well‑capitalized industrial and defense suppliers, so its moat is meaningful but not unassailable.

Innovation and R&D

Innovation and R&D Innovation is clearly a central part of Crane’s strategy, with a focus on highly engineered, mission‑critical technologies rather than commodity products. In aerospace and defense, the company is leaning into long‑term trends like aircraft electrification, high‑density power electronics, advanced braking and sensing systems, and microwave technologies for demanding environments, including space. In industrial flow technologies, it is pushing higher‑efficiency, clog‑resistant pumps and advanced motors, such as the new wastewater platform that is already seeing strong uptake, showing an ability to commercialize new ideas effectively. The planned acquisition of Precision Sensors & Instrumentation should deepen its capabilities in pressure sensing, but also introduces integration and execution risks. Overall, the company appears to be investing with a clear technology roadmap, while depending on its ability to integrate deals and keep innovation aligned with customer needs.

Summary

Crane today looks like a reshaped industrial company that has traded bulk for focus: a smaller balance sheet and portfolio, but better margins and a clearer strategy around mission‑critical technologies. The income statement and cash flows suggest that the underlying business has become more consistently profitable in recent years, even if past results were noisy due to restructuring and corporate changes. Its edge comes from deep engineering know‑how, high switching costs, entrenched customer relationships, and a meaningful aftermarket, all supported by a disciplined operating system. At the same time, it remains exposed to aerospace and industrial cycles, execution risk on acquisitions and new technologies, and competition from large global players. People tracking the company will likely pay closest attention to how well it converts its innovation and acquisition pipeline into steady growth in earnings and free cash flow while maintaining its balance sheet discipline.

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