Crane NXT
CXT NYSE Electronic Equipment & Instruments Financials FY2023–FY2025
Crane NXT's revenue rose 11.4% to $1.7 billion in fiscal 2025. Its operating margin was 14.9%, down from 18.1% a year earlier. Free cash flow was $198 million, up 17.6%. It paid out $39 million in dividends and buybacks, 20% of free cash flow. The diluted share count rose 0.3%.
About these figures. Crane NXT's figures start in 2023, the year it separated from Crane Company; its earlier filings are those of the whole former Crane Holdings, more than twice its size.
What Crane NXT does
No business description yet.
- Legal name
- CRANE NXT, CO.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0000025445-26-000009
0000025445
Revenue and margins
Crane NXT had $1.7B of revenue in fiscal 2025, up 11.4% on the year before.
Net income and earnings per share
From fiscal 2023 to 2025, diluted EPS grew −12.7% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $198M in fiscal 2025, 12.0% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Crane NXT returned $39.0M to shareholders in fiscal 2025, 20% of free cash flow. The diluted share count rose 0.4%.
Value Crane NXT yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$906M and divides by 58.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
—
Reference multiples: today 23.6x · peers 48.3x · sector 33.5x.
Balance sheet
Cash, debt and the ratios that show how comfortably Crane NXT can carry it.
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $227M | $166M | $234M |
| Debt incl. finance leases | $645M | $751M | $1.1B |
| Net debt / EBITDA | 1.2x | 1.6x | 2.6x |
| Debt / equity | 0.7x | 0.7x | 0.9x |
| Interest coverage | 6.4x | 6.1x | 4.4x |
| Current ratio | 1.9x | 1.1x | 1.5x |
| Quick ratio | 1.5x | 0.9x | 1.2x |
| Total assets | $2.1B | $2.4B | $3.1B |
| Total liabilities | $1.2B | $1.3B | $1.9B |
| Shareholders' equity | $964M | $1.1B | $1.3B |
| Net debt (− = net cash) | $418M | $585M | $906M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$1.2M
2 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ |
| Return on assets rose | — | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ |
| Debt fell relative to assets | — | ✕ |
| Current ratio rose | ✕ | ✓ |
| Share count didn't rise | ✕ | ✕ |
| Gross margin rose | ✕ | ✕ |
| Revenue rose relative to assets | — | ✕ |
| F-score | — / 9 | 4 / 9 |
| Accruals ratio | −1.3% | −3.5% |
| Altman Z'' | 2.19 | 2.23 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Crane NXT CXT | $3.3B | 11.4% | 14.9% | 12.0% | 10.4% | 23.6x | 4 | |
| Cognex CGNX | $9.4B | 8.7% | 16.4% | 23.8% | 8.4% | 53.4x | 7 | Compare → |
| Novanta NOVT | $5.8B | 3.3% | 9.6% | 4.9% | 6.5% | 89.7x | 5 | Compare → |
| Vontier VNT | $4.8B | 3.2% | 18.3% | 14.3% | 15.8% | 14.2x | 6 | Compare → |
| Keysight Technologies KEYS | $54.5B | 8.0% | 16.3% | 23.8% | 12.1% | 43.1x | 6 | Compare → |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $1.4B | $1.5B | $1.7B |
| Gross profit | $654M | $665M | $704M |
| Research and development | $42.8M | $39.5M | $46.0M |
| Operating income | $287M | $269M | $247M |
| Interest expense | $45.1M | $44.1M | $55.6M |
| Pretax income | $240M | $226M | $181M |
| Income tax | $51.5M | $42.3M | $35.9M |
| Net income | $188M | $184M | $145M |
| Diluted EPS | $3.28 | $3.19 | $2.50 |
| Diluted shares | 0.06B | 0.06B | 0.06B |
| Cash flow | |||
| Cash from operations | $276M | $214M | $242M |
| Capital expenditure | $31.1M | $45.4M | $43.2M |
| Free cash flow | $245M | $169M | $198M |
| Depreciation and amortization | $77.6M | $86.8M | $107M |
| Stock-based compensation | $10.3M | $10.6M | $12.7M |
| Acquisitions | $0.0M | $270M | $391M |
| Share buybacks | $0.0M | $0.0M | $0.0M |
| Dividends paid | $23.7M | $36.6M | $39.0M |
| Dividends and buybacks | $23.7M | $36.6M | $39.0M |
| Balance sheet | |||
| Cash and short-term investments | $227M | $166M | $234M |
| Total debt | $645M | $751M | $1.1B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M |
| Current assets | $644M | $643M | $853M |
| Current liabilities | $334M | $562M | $569M |
| Inventory | $157M | $145M | $170M |
| Property and equipment, net | $261M | $272M | $304M |
| Total assets | $2.1B | $2.4B | $3.1B |
| Total liabilities | $1.2B | $1.3B | $1.9B |
| Shareholders' equity | $964M | $1.1B | $1.3B |
| Margins | |||
| Gross margin | 47.0% | 44.7% | 42.5% |
| Operating margin | 20.6% | 18.1% | 14.9% |
| EBITDA margin | 26.2% | 23.9% | 21.3% |
| Net margin | 13.5% | 12.4% | 8.8% |
| FCF margin | 17.6% | 11.4% | 12.0% |
| Returns | |||
| Return on capital | — | 14.4% | 10.4% |
| Return on capital employed | — | 14.9% | 11.3% |
| Return on equity | — | 18.2% | 12.5% |
| Return on assets | — | 8.2% | 5.3% |
| Growth | |||
| Revenue growth | — | 6.9% | 11.4% |
| Net income growth | — | −2.2% | −21.2% |
| EPS growth | — | −2.7% | −21.6% |
| FCF growth | — | −31.2% | 17.6% |
| Share count change | — | 0.5% | 0.4% |
| Financial health | |||
| Net debt / EBITDA | 1.2x | 1.6x | 2.6x |
| Debt / equity | 0.7x | 0.7x | 0.9x |
| Interest coverage | 6.4x | 6.1x | 4.4x |
| Current ratio | 1.9x | 1.1x | 1.5x |
| Quick ratio | 1.5x | 0.9x | 1.2x |
| Capital allocation | |||
| Capex / revenue | 2.2% | 3.1% | 2.6% |
| Stock comp / revenue | 0.7% | 0.7% | 0.8% |
| Payouts / FCF | 9.7% | 21.7% | 19.7% |
| Quality scores | |||
| Piotroski F-score | — | — | 4.0 |
| Altman Z'' | 2.9 | 2.2 | 2.2 |
| Accruals ratio | — | −1.3% | −3.5% |
Source: SEC EDGAR XBRL filings (CIK 0000025445). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.