Crane (CR) financial statements
Crane reported revenue of $2.3B in fiscal 2025, up 2.8% a year over 4 years.
Net income was $367M and the operating margin 18.4%, against 10.7% in 2021.
Free cash flow was $341M, and the company returned $53M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Crane's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.0B | $2.1B | $2.1B | $2.3B |
| Cost of revenue | $1.4B | $1.1B | $1.1B | $1.3B | $1.3B |
| Gross profit | $689M | $920M | $751M | $868M | $973M |
| Research and development | $50M | $48M | $55M | $46M | $48M |
| Selling, general and admin | $467M | $494M | $501M | $512M | — |
| Operating income | $222M | $5M | $250M | $356M | $424M |
| Interest expense | $5M | $10M | $23M | $27M | $11M |
| Pre-tax income | $234M | $236M | $233M | $338M | $433M |
| Income tax | $36M | $70M | $57M | $70M | $101M |
| Net income | $435M | $401M | $256M | $295M | $367M |
| EPS (diluted) | $7.36 | $7.01 | $4.45 | $5.05 | $6.26 |
| Diluted shares | 59M | 57M | 58M | 58M | 59M |
| Gross margin | 33.4% | 45.2% | 36.0% | 40.7% | 42.2% |
| Operating margin | 10.7% | 0.3% | 12.0% | 16.7% | 18.4% |
| Net margin | 21.1% | 19.7% | 12.3% | 13.8% | 15.9% |
Balance sheet
Fiscal years, from Crane's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $377M | $427M | $330M | $307M | $506M |
| Receivables | — | $270M | $298M | $339M | $359M |
| Inventory | — | $294M | $344M | $380M | $376M |
| Total current assets | — | $1.8B | $1.1B | $1.4B | $2.6B |
| Property, plant and equipment | — | $248M | $244M | $261M | $279M |
| Goodwill | $723M | $520M | $576M | $662M | $684M |
| Total assets | — | $4.4B | $2.4B | $2.6B | $3.9B |
| Total current liabilities | — | $1.5B | $467M | $543M | $465M |
| Long-term debt | — | $0 | $248M | $247M | $1.1B |
| Total liabilities | — | $2.5B | $973M | $1.0B | $1.8B |
| Shareholders' equity | $1.8B | $1.9B | $1.4B | $1.6B | $2.1B |
| Net debt | -$377M | -$427M | -$81M | -$60M | $642M |
Cash flow
Fiscal years, from Crane's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $185M | -$499M | $162M | $258M | $395M |
| Capital spending | $35M | $33M | $39M | $37M | $54M |
| Free cash flow | $150M | -$532M | $123M | $221M | $341M |
| Stock-based compensation | $22M | $21M | $26M | $26M | $27M |
| Dividends paid | $101M | $106M | $57M | $47M | $53M |
| Share buybacks (net) | -$96M | -$204M | $0 | — | — |
| Net borrowing | -$375M | $0 | -$151M | -$2M | $902M |
| Free cash flow margin | 7.3% | -26.1% | 5.9% | 10.4% | 14.8% |
| Dividends per share | $1.70 | $1.85 | $1.00 | $0.80 | $0.90 |
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Open CR in InvestinglyQuestions
What was Crane's revenue in 2025?
$2.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Crane generate?
$341M in fiscal 2025 (operating cash flow minus capital spending).
From Crane's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.