Algoma Steel Group vs Carpenter Technology
Carpenter Technology is the larger business, with $3.12bn of revenue in fiscal 2026 against $1.49bn for Algoma Steel Group (2.1 times as much). Carpenter Technology grew faster (8.6% against -28.0%). Carpenter Technology kept more of each dollar of sales as profit: a net margin of 17.0% against -47.2%. Carpenter Technology carries less debt relative to equity (31.0% against 98.5%).
| Latest fiscal year | Algoma Steel GroupASTL, 2025 | Carpenter TechnologyCRS, 2026 |
|---|---|---|
| Revenue | $1.49bn | $3.12bn |
| Revenue growth | -28.0% | 8.6% |
| Net income | −$705m | $530m |
| Operating margin | -63.6% | 22.5% |
| Net margin | -47.2% | 17.0% |
| Return on equity | -96.1% | 25.8% |
| Free cash flow | −$283m | $362m |
| Cash | $56.5m | $393m |
| Total debt | $353m | $691m |
| Debt to equity | 98.5% | 31.0% |
| Dividend per share | — | $0.80 |
| Dividend yield | — | 0.3% |
| Share buybacks | — | $179m |
| Employees | — | 4,500 |
| Market value | $582m | $14.69bn |
| Price vs our value range | — | Above our value range |
| Moat score | — | 33 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 60 sales |