At a glance
Crane Company is worth $11.48B, about 32 times its fiscal 2025 earnings. Revenue grew 8.2% to $2.31B in fiscal 2025, with 15.9% kept as profit; over 4 years it has grown 2.8% a year. It pays a 0.51% dividend yield, and returned $663.6M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +4.3% over the past year with dividends reinvested and +15.0% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 54.8% in the 2020 crash (S&P 500: 33.7%) and 23.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 11 months and 7 months after the lows.
The business in plain English
Crane Company, founded in 1855, makes highly engineered parts for demanding jobs that require high reliability in aerospace, defense, space and process industries such as chemicals and pharmaceuticals. Revenue was about $2.3 billion in fiscal 2025, which ended December 31, 2025. Process Flow Technologies brought in $1.26 billion, or 54.5%. Aerospace & Advanced Technologies brought in $1.05 billion, or 45.5%.
The aerospace segment supplies items such as pressure sensors for jet engine controls, brake control systems for airliners and fighter jets, pumps, power conversion electronics and microwave components for defense and space. In 2025, 61% of its sales were commercial and 39% military. Original equipment makers took 66%, and 34% went to the aftermarket for spare parts and repairs. The process segment makes valves, pumps, sensors and ultra-cold (cryogenic) piping for pharmaceutical, chemical, nuclear, water and wastewater customers. It also makes commercial valves for construction and gas utilities.
Customers in the United States accounted for 59.4% of 2025 revenue, continental Europe 16.9% and the United Kingdom 6.5%. Crane actively reshapes its portfolio. It split from Crane NXT on April 3, 2023, and sold its Engineered Materials segment on January 1, 2025. On January 1, 2026, it acquired the Druck, Panametrics and Reuter-Stokes sensor brands from Baker Hughes, plus optek-Danulat.
Price history
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CR +4.3% over the year to Oct 28, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Process Flow Technologies | $1.26B | 54.5% |
| Aerospace and Electronics | $1.05B | 45.5% |
By geography
| United States | $1.37B | 59.4% |
| Continental Europe | $390.1M | 16.9% |
| Other international | $320.8M | 13.9% |
| United Kingdom | $149.1M | 6.5% |
| Canada | $76.2M | 3.3% |
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $754.6M, up 28.1% from a year earlier, and net income was $97.3M (+6.5%).
- For fiscal 2025, revenue was $2.31B (+8.2% year over year; +2.8% a year from FY2021 to FY2025) with a 15.9% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2025) | +2.8% watch |
|---|---|
| Operating margin | 18.4% good |
| Free cash flow margin | 14.8% good |
| Return on equity (FY2025) | 17.8% good |
| Return on assets (FY2025) | 9.5% good |
| Net cash (cash minus debt) | $-612.8M weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.06B | $435.4M | $149.8M |
| FY2022 | $1.78B | $401.1M | $-532.1M |
| FY2023 | $1.86B | $255.9M | $123.1M |
| FY2024 | $2.13B | $294.7M | $221.2M |
| FY2025 | $2.31B | $366.6M | $341.3M |
Valuation snapshot
| Market value | $11.48B |
|---|---|
| P/E ratio | 31.7 |
| Dividend yield | 0.51% |
Rank among 1514 US companies
Market value at each year end
Crane’s market value went from $6.71B at the end of 2023 to $11.48B on Oct 28, 2026, up 71%; since the end of 2025 it is up 8%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $11.48B | +8.0% |
| 2025 | $10.62B | +22.3% |
| 2024 | $8.68B | +29.4% |
| 2023 | $6.71B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| CR price data to Oct 28, 2026 | +8.0% | +4.3% | +30.3% | +15.0% | +12.7% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +8.0% |
| 2025 | +22.2% |
| 2024 | +29.2% |
| 2023 | +18.8% |
| 2022 | -0.8% |
| 2021 | +32.8% |
| 2020 | -7.6% |
| 2019 | +22.0% |
| 2018 | -17.8% |
| 2017 | +25.9% |
| 2016 | +54.1% |
| 2015 | -16.6% |
| 2014 | -11.1% |
| 2013 | +48.2% |
| 2012 | +1.7% |
| 2011 | +16.2% |
| 2010 | +37.6% |
| 2009 | +84.2% |
| 2008 | -58.6% |
| 2007 | +18.9% |
| 2006 | +5.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 72.5% over that stretch · deepest drop along the way 77.3%, back to its old high 26.2 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 54.6% over that stretch · deepest drop along the way 54.8%, back to its old high 10.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 8.2% over that stretch · deepest drop along the way 23.9%, back to its old high 7.3 months after the low |
Insider activity
Form 4 filings from 2025-10-30 to 2026-10-30 (25 read): 1 open-market purchases ($27K) and 3 sales ($764K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Feb 13, 2026 | Jason D. Feldman SVP, IR, Treasury & Tax | sell | $544K |
| Aug 13, 2026 | James L L Tullis Director | sell | $138K |
| Aug 31, 2026 | James L L Tullis Director | sell | $82K |
| Apr 30, 2026 | Susan D Lynch Director | buy | $27K |
Who owns it
Large shareholders (13G filings)
| Capital World Investors | 4.1% | Mar 31, 2026 |
| FMR LLC | 3.9% | Jun 30, 2025 |
ETFs with the most weight in CR
| CSD Invesco S&P Spin-Off ETF | 4.53% |
| GCAD Gabelli Commercial Aerospace and Defense ETF | 3.23% |
| NBSM Neuberger Berman Small-Mid Cap ETF | 2.05% |
| CGMM Capital Group U.S. Small and Mid Cap ETF | 1.57% |
| GSC Goldman Sachs Small Cap Core Equity ETF | 1.53% |
| FFSM Fidelity Fundamental Small-Mid Cap ETF | 1.11% |
| FPX First Trust US Equity Opportunities ETF | 1.04% |
| QMID WisdomTree U.S. MidCap Quality Growth Fund | 0.91% |
What could go wrong
- Airline and plane-maker troubles hit orders. If air travel drops, airlines lose money, or major aircraft makers cut production rates, orders for Crane's aerospace parts and spares could fall. Plane makers may also press suppliers for lower prices.
- Defense budgets and government shutdowns. Military customers made up 39% of aerospace segment sales in 2025. Defense demand depends on government spending that can vary year to year, and U.S. government shutdowns could delay contracts.
- Integrating the January 2026 acquisitions. On January 1, 2026, Crane acquired the Druck, Panametrics and Reuter-Stokes brands and optek-Danulat. If integration stumbles or results disappoint, profits could suffer and Crane might write down the value of acquired brands.
- Process customers can delay spending. Process Flow Technologies, 54.5% of 2025 revenue, depends on the global economy, commodity prices and customers' capital spending on plants and equipment. When customers postpone projects, orders for valves and pumps can drop.
- Debt and interest-rate exposure. Crane had about $1.1 billion of debt and $350 million of cash and investments as of June 30, 2026. Rising interest rates or tight credit markets could make refinancing maturing debt more expensive.
- Overseas sales and trade policy. Sales outside the U.S. were 41% of 2025 revenue. Tariffs, trade wars, currency swings, sanctions on Russia and conflict in the Middle East could raise costs or cut demand.
Recent events
- Quarterly results released
- Executive or board change
- Investor presentation or announcement
- Quarterly results released
- Executive or board change
- Shareholder vote results
- Quarterly results released
- Executive or board change
- Quarterly results released; Executive or board change
- Acquisition or sale of assets completed; Other company announcement
For income and retirement investors
Crane pays a small dividend: the yield was 0.51% as of October 28, 2026, so most of any return would have to come from share price gains. It raised the dividend to $0.92 per share for 2025 from $0.82 for 2024, giving it a one-year streak of increases. The predecessor company, Crane Holdings, paid $1.88 in 2022, before the company split in two. The 2025 dividend used just 14.4% of earnings and 15.5% of free cash flow (cash left after capital spending). Buybacks totaled $300 million from 2021 to 2025, all of it in 2021 and 2022. The share count rose 1.9% from April 2023 to July 2026.
Before that split, the predecessor company's stock fell hard in downturns: 77.3% in the 2008 financial crisis (about 26 months to recover), 54.8% in the 2020 COVID crash (about 11 months) and 23.9% in 2022. Single stocks carry more risk than diversified funds.
Questions investors ask
How does Crane Co make money?
Crane earns its revenue making highly engineered components for aerospace, defense, space and process industries. Of its roughly $2.3 billion in 2025 revenue, Process Flow Technologies (valves, pumps, sensors and cryogenic piping) contributed 54.5%. Aerospace & Advanced Technologies (aircraft sensors, brake controls, pumps, power and microwave electronics) contributed 45.5%. In the aerospace segment, 66% of 2025 sales went to equipment makers and 34% to the aftermarket for spare parts and repairs. Customers in the United States accounted for 59.4% of revenue.
Does Crane Co pay a dividend?
Yes, but it is small. Crane paid $0.92 per share in dividends for 2025, up from $0.82 for 2024, and the yield was 0.51% as of October 28, 2026. The payout used only 14.4% of 2025 earnings. Its streak of annual increases is one year. The dividend is also below the $1.88 per share the predecessor company paid in 2022, before the April 2023 separation from Crane NXT.
Is Crane Co the same company as Crane NXT?
No. On April 3, 2023, Crane Holdings split into two independent public companies. It handed all Crane Company shares to its stockholders and renamed itself Crane NXT, which kept the Payment & Merchandising Technologies business. Crane Company trades on the New York Stock Exchange as CR. Because it was the larger business, Crane Company's financial statements carry forward the former Crane Holdings' history, with the payments business removed.
What did Crane acquire from Baker Hughes?
Crane acquired the Druck, Panametrics and Reuter-Stokes brands, previously known as Precision Sensors & Instrumentation, from Baker Hughes on January 1, 2026. They make sensor-based technology for aerospace, nuclear and process industries. Druck is joining Aerospace & Advanced Technologies, and Panametrics and Reuter-Stokes are joining Process Flow Technologies. Crane also acquired optek-Danulat, which makes optical measurement tools for biopharma, that day. Revenue for the quarter ended June 30, 2026, was $724.7 million, up 25.6% from a year earlier. That figure includes businesses Crane did not own a year before.
What is Crane Co's P/E ratio?
Crane's price-to-earnings (P/E) ratio was 31.7 as of October 28, 2026, based on 2025 earnings of $6.26 per share. In other words, the share price was about 31.7 times a year's profit per share. Net income rose 24.4% in 2025, to $366.6 million. The company's market value was about $11.5 billion. Its beta of 1.41 for the year to that date means the stock tended to swing more than the broad market.