One-glance verdict
Overvalued
$117.53 our estimate vs market $199.25
Wall Street consensus: $237.20 (101.8% higher than our fair-value estimate)
70% above our estimate, beyond the bull case
Fundamentals snapshot
Crane Company
CR · NYQ · Industrials · Specialty Industrial Machinery
Current price
$199.25
52-week range
$159.58 - $230.50
Market cap
$11.52B
Balance sheet
Watch
37.54x Strong cushion
Net debt $765.30M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 12.4% last year.
- Reward Returns 16.5% on equity, ahead of 50% of its peers.
- Risk Net debt grew 1993.5% over 3 years.
- Risk Stock trades 21.2% above its 5-year average P/E.
What this company does
Crane Company
Crane Company makes critical, high-tech parts like braking systems for military jets and specialized valves that control the flow of materials in factories. Most of its revenue (the total money a company brings in from sales before any costs are taken out) comes from these aerospace and industrial products. This is important because Crane's parts are essential for its customers' safety and daily operations, which can create steady demand from large companies.
How the company got here
Crane Company started way back in 1855 by Richard Teller Crane in Chicago, initially making brass goods and plumbing supplies. Over the years, it grew into a major manufacturer, becoming well-known for its bathroom fixtures, a business it later sold. The company transformed into a diversified maker of industrial products, expanding into areas like aerospace equipment. A key recent event was the company's decision to separate into two independent, publicly-traded companies to allow each to better focus on its specific markets and growth opportunities. This resulted in the Crane Company of today, which concentrates on highly engineered products for the aerospace, defense, and various industrial sectors.
What it actually does
Crane Company makes highly specialized and critical parts for other businesses, rather than products you'd buy in a store. Think of them as a supplier of essential components for big, complex systems. For example, they create parts that go into airplanes, spacecraft, and military equipment. They also produce equipment like special valves and pumps that are used in demanding industrial environments such as chemical plants or for water treatment. These are not simple, everyday items, but rather precisely engineered products designed to work reliably in very specific and often harsh conditions.
Aerospace & Advanced Technologies
This part of the company creates and sells critical components and systems for airplanes, both for new aircraft and for replacement parts (known as the aftermarket). Their customers include major aircraft manufacturers as well as military and defense organizations. The products they make are things you don't see, but are vital for flight, such as systems that control an aircraft's brakes, manage fuel flow, and provide power to electronic systems. This segment represents a significant portion of the company's business and focuses on technology for commercial aviation, defense, and space exploration.
Process Flow Technologies
This segment focuses on making highly engineered equipment to manage the flow of fluids in industrial settings. They produce specialized valves, pumps, and control systems that are used in industries like chemical processing, pharmaceuticals, and water infrastructure. These products are designed to handle hazardous or difficult materials and operate in extreme environments where reliability is crucial. For example, their valves might be used to control the flow of corrosive chemicals in a factory, where a failure could be very costly and dangerous.
What management is betting on now
The company's leadership is focused on growing by developing new, innovative products and by acquiring other companies that fit well with their existing businesses (a strategy known as inorganic growth). They are particularly concentrating on opportunities in the commercial aerospace and defense markets. Management also emphasizes operational efficiency, using a set of internal processes called the Crane Business System to improve productivity and increase margins (the profit made on each dollar of sales). A key part of their strategy is to be a leader in niche markets where their engineering expertise allows them to make critical, high-value products.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$72.70M
FY2024 Q4
$182.90M
FY2025 Q1
$-60.40M
FY2025 Q2
$88.90M
FY2025 Q3
$116.80M
FY2025 Q4
$196.00M
FY2026 Q1
$-40.20M
FY2026 Q2
$107.70M
Revenue
$724.70M
Net income
$95.90M
Diluted EPS
1.63
Operating cash flow
$122.30M
Free cash flow
$107.70M
Fetching…
Sources
Revenue
$696.40M
Net income
$67.10M
Diluted EPS
1.14
Operating cash flow
$-29.50M
Free cash flow
$-40.20M
Fetching…
Sources
Revenue
$581.00M
Net income
$81.70M
Diluted EPS
1.40
Operating cash flow
$205.80M
Free cash flow
$196.00M
Fetching…
Sources
Revenue
$589.20M
Net income
$91.40M
Diluted EPS
1.56
Operating cash flow
$130.20M
Free cash flow
$116.80M
Fetching…
Sources
Revenue
$577.20M
Net income
$86.40M
Diluted EPS
1.47
Operating cash flow
$105.00M
Free cash flow
$88.90M
Fetching…
Sources
Revenue
$557.60M
Net income
$107.10M
Diluted EPS
1.83
Operating cash flow
$-46.20M
Free cash flow
$-60.40M
Fetching…
Sources
Revenue
$544.10M
Net income
$81.00M
Diluted EPS
1.38
Operating cash flow
$194.00M
Free cash flow
$182.90M
Fetching…
Sources
Revenue
$597.20M
Net income
$77.30M
Diluted EPS
1.33
Operating cash flow
$81.70M
Free cash flow
$72.70M
Fetching…
Sources
Is it cheap or expensive?
Fair value $117.53 vs current price $199.25
Wall Street consensus is the average analyst price target: $237.20 (101.8% higher than our fair-value estimate).
Our most-likely fair value is $117.53 a share — about 41.0% below today's price of $199.25, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Watch
Net debt $765.3M. Interest coverage 37.5x.
Net debt
$765.30M
Interest coverage
37.54x
Crane Company's profit covers its interest bill about 37.5 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
CR
BASELINE
Crane Company
Total debt $1.12B Interest coverage 37.54x This is the baseline the peer rows are being compared against.
Total debt $3.83B Interest coverage 14.23x -62% vs CR Carries about 2.6x less debt cushion than CR.
Total debt $1.89B Interest coverage 11.18x -70% vs CR Carries about 3.4x less debt cushion than CR.
Total debt $52.21M Interest coverage 211.11x +462% vs CR Carries about 5.6x more debt cushion than CR.
Total debt $1.82B Interest coverage 6.95x -81% vs CR Carries about 5.4x less debt cushion than CR.
Total debt $3.26B Interest coverage 12.51x -67% vs CR Carries about 3.0x less debt cushion than CR.
What you should know
The case for and against CR
3 Rewards
2 Risks
Rewards
-
Revenue grew 12.4% last year.
-
Returns 16.5% on equity, ahead of 50% of its peers.
-
Free cash flow was positive in 4/10 years.
Risks
-
Net debt grew 1993.5% over 3 years.
-
Stock trades 21.2% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
34.77x
Forward P/E
25.49x
P/B
5.29x
P/S
4.44x
EV/EBITDA
16.45x
PEG ratio
2.29x
Profitability
How much profit each dollar creates
Gross margin
47.0%
Operating margin
35.5%
Net margin
13.0%
ROE
16.5%
ROA
12.7%
Health
Liquidity and balance-sheet strength
Debt / equity
0.51x
Current ratio
2.80x
Quick ratio
1.76x
Total debt
$1.12B
Total cash
$350.40M
Growth
How the business has been compounding
Revenue TTM
$2.59B
Revenue 5Y CAGR
2.8%
EPS TTM
5.73
EPS 5Y CAGR
-4.5%
Cash flow
How much cash the business throws off
Operating CF TTM
$428.80M
Free CF TTM
$341.30M
FCF margin
13.2%
Dividend
Shareholder payout
Yield
0.5%
Payout ratio
16.9%
Last ex-div date
2026-08-31