Carlisle Companies (CSL) financial statements
Carlisle Companies reported revenue of $5.0B in fiscal 2025, up 4.3% a year over 9 years.
Net income was $741M and the operating margin 20.0%, against 11.8% in 2016.
Free cash flow was $971M, and the company returned $181M in dividends and $1.3B in net buybacks.
The diluted share count fell 33% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Carlisle Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.8B | $4.5B | $4.5B | $4.0B | $3.8B | $5.4B | $4.6B | $5.0B | $5.0B |
| Cost of revenue | $2.3B | $2.7B | $3.3B | $3.2B | $2.8B | $2.7B | $3.6B | $3.0B | $3.1B | $3.2B |
| Gross profit | $1.2B | $1.0B | $1.2B | $1.4B | $1.1B | $1.1B | $1.9B | $1.6B | $1.9B | $1.8B |
| Research and development | $45M | $51M | $55M | $52M | $45M | $16M | $19M | $29M | $35M | $47M |
| Selling, general and admin | $495M | $533M | $625M | $630M | $603M | $508M | $624M | $625M | $723M | $745M |
| Operating income | $404M | $464M | $509M | $634M | $488M | $573M | $1.2B | $983M | $1.1B | $1.0B |
| Interest expense | — | — | — | — | — | — | $86M | $76M | $73M | $78M |
| Pre-tax income | $379M | $429M | $446M | $575M | $404M | $490M | $1.1B | $930M | $1.1B | $949M |
| Income tax | $148M | $88M | $87M | $117M | $78M | $104M | $266M | $212M | $246M | $206M |
| Net income | $250M | $366M | $611M | $473M | $320M | $422M | $924M | $767M | $1.3B | $741M |
| EPS (diluted) | $3.82 | $5.71 | $10.02 | $8.19 | $5.80 | $7.91 | $17.56 | $15.18 | $27.82 | $17.12 |
| Diluted shares | 65M | 64M | 61M | 58M | 55M | 53M | 52M | 50M | 47M | 43M |
| Gross margin | 33.8% | 27.9% | 26.2% | 30.6% | 28.7% | 28.6% | 34.2% | 35.6% | 37.7% | 35.7% |
| Operating margin | 11.8% | 12.4% | 11.4% | 14.1% | 12.3% | 14.9% | 22.1% | 21.4% | 22.8% | 20.0% |
| Net margin | 7.3% | 9.7% | 13.6% | 10.5% | 8.1% | 11.0% | 17.0% | 16.7% | 26.2% | 14.8% |
Balance sheet
Fiscal years, from Carlisle Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $385M | $378M | $804M | $351M | $897M | $324M | $365M | $577M | $754M | $1.1B |
| Receivables | $512M | $626M | $698M | $682M | $554M | $815M | $615M | $615M | $580M | $594M |
| Inventory | $377M | $449M | $458M | $511M | $433M | $605M | $518M | $362M | $473M | $447M |
| Total current assets | $1.4B | $1.6B | $2.1B | $1.8B | $2.2B | $2.2B | $2.2B | $3.4B | $1.9B | $2.3B |
| Property, plant and equipment | $632M | $731M | $760M | $784M | $672M | $760M | $602M | $655M | $712M | $807M |
| Goodwill | $1.0B | $1.5B | $1.4B | $1.6B | $1.6B | $1.2B | $1.2B | $1.2B | $1.5B | $1.5B |
| Total assets | $4.0B | $5.3B | $5.2B | $5.5B | $5.9B | $7.2B | $7.2B | $6.6B | $5.8B | $6.3B |
| Total current liabilities | $514M | $659M | $596M | $899M | $646M | $1.2B | $1.1B | $1.2B | $666M | $736M |
| Long-term debt | $596M | $1.6B | $1.6B | $1.3B | $2.1B | $2.6B | $2.3B | $1.9B | $1.9B | $2.9B |
| Total liabilities | $1.5B | $2.8B | $2.7B | $2.9B | $3.3B | $4.6B | $4.2B | $3.8B | $3.4B | $4.5B |
| Shareholders' equity | $2.5B | $2.5B | $2.6B | $2.6B | $2.5B | $2.6B | $3.0B | $2.8B | $2.5B | $1.8B |
| Net debt | $211M | $1.2B | $784M | $1.2B | $1.2B | $2.6B | $2.2B | $1.7B | $1.1B | $1.8B |
Cash flow
Fiscal years, from Carlisle Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $531M | $459M | $339M | $703M | $697M | $422M | $1.0B | $1.2B | $1.0B | $1.1B |
| Capital spending | $109M | $160M | $121M | $89M | $96M | $135M | $184M | $142M | $113M | $131M |
| Free cash flow | $422M | $299M | $218M | $614M | $601M | $287M | $817M | $1.1B | $917M | $971M |
| Stock-based compensation | -$3M | $13M | $24M | $26M | $30M | $19M | $31M | $42M | $30M | $35M |
| Dividends paid | $84M | $92M | $94M | $103M | $112M | $112M | $134M | $160M | $172M | $181M |
| Share buybacks (net) | -$75M | -$268M | -$460M | -$382M | -$382M | -$316M | -$400M | -$900M | -$1.6B | -$1.3B |
| Net borrowing | -$150M | $997M | $0 | $0 | $482M | $843M | -$350M | -$300M | -$400M | $988M |
| Free cash flow margin | 12.3% | 8.0% | 4.9% | 13.7% | 15.1% | 7.5% | 15.0% | 23.1% | 18.3% | 19.3% |
| Dividends per share | $1.30 | $1.45 | $1.54 | $1.79 | $2.04 | $2.11 | $2.56 | $3.18 | $3.66 | $4.19 |
Questions
What was Carlisle Companies's revenue in 2025?
$5.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Carlisle Companies generate?
$971M in fiscal 2025 (operating cash flow minus capital spending).
From Carlisle Companies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.