Crane Co key statistics and ratios
In fiscal 2025, Crane Co had return on equity of 19.8%, an operating margin of 18.4%, debt equal to 55.7% of equity and a current ratio of 5.53. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|
| Gross margin | 33.4% | 37.2% | 40.3% | 40.7% | 42.2% | 41.5% |
| Operating margin | 10.7% | 0.3% | 13.4% | 16.7% | 18.4% | 17.7% |
| Net margin | 21.1% | 22.6% | 13.7% | 13.8% | 15.9% | 12.4% |
| Free-cash-flow margin | 7.3% | −29.9% | 6.6% | 10.4% | 14.8% | 13.8% |
| Return on equity | 23.7% | 21.5% | 15.7% | 19.7% | 19.8% | 15.8% |
| Return on assets | — | 9.1% | 7.6% | 11.8% | 11.3% | 8.7% |
| Asset turnover | — | 0.40 | 0.55 | 0.85 | 0.71 | 0.70 |
| Current ratio | — | 1.18 | 2.34 | 2.58 | 5.53 | 2.61 |
| Debt to equity | 0.0% | 21.0% | 18.3% | 15.1% | 55.7% | 41.0% |
| Interest cover (operating income ÷ interest) | 45.2x | 0.5x | 11.0x | 13.1x | 37.5x | 10.0x |
| Effective tax rate | 15.5% | 29.6% | 24.5% | 20.8% | 23.4% | 23.7% |
| R&D as % of revenue | 2.4% | 2.7% | 2.9% | 2.2% | 2.1% | — |
| SG&A as % of revenue | 22.6% | 27.8% | 26.9% | 24.0% | — | — |
| Capital spending as % of revenue | 1.7% | 1.9% | 2.1% | 1.7% | 2.3% | 1.7% |
| Free cash flow ÷ net income | 34.4% | −132.7% | 48.1% | 75.1% | 93.1% | 111.1% |
| Dividends ÷ net income | 23.1% | 26.4% | 22.4% | 15.9% | 14.4% | 16.8% |
| Dividends and buybacks ÷ free cash flow | 131.4% | — | 46.5% | 21.2% | 15.5% | 15.1% |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 40.9% | 42.6% | 42.0% | 42.7% | 41.6% | 40.4% | 42.4% | 41.7% |
| Operating margin | 15.8% | 18.1% | 17.8% | 20.1% | 17.5% | 14.4% | 19.9% | 18.6% |
| Net margin | 14.9% | 19.2% | 15.0% | 15.5% | 14.1% | 9.6% | 13.2% | 12.9% |
| Free-cash-flow margin | 34.6% | −10.8% | 15.4% | 19.8% | 33.7% | −5.8% | 14.9% | 15.4% |
| Current ratio | 2.58 | 2.08 | 2.93 | 3.27 | 5.53 | 2.85 | 2.80 | 2.61 |
| Debt to equity | 15.1% | 14.1% | 2.5% | 0.0% | 55.7% | 57.1% | 50.4% | 41.0% |
| SG&A as % of revenue | 22.2% | 24.5% | — | — | — | — | — | — |
Financial health
- Short-term assets cover short-term liabilities $1.5bn of assets due within a year against $568m of liabilities due within a year.
- Short-term assets cover long-term liabilities $1.5bn short-term assets against $1.2bn of longer-dated liabilities.
- More cash than debt $316m of cash against $928m of debt.
- Debt below 40% of shareholders' equity Debt is 41% of equity.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt $427m of operating cash flow against $928m of debt.
- Operating profit covers interest at least five times over Operating income of $487m against $49m of interest.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
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