Crane Co (CR) financial statements: income statement, balance sheet and cash flow
Crane Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Crane Co reported revenue of $2.3B (+8.2% year on year) and net income of $366.6M (+24.4% year on year).
Income statement
Crane Co income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Cost of sales
$1.3B
$1.3B
$1.3B
Operating profit
$424.2M
$355.8M
$283.8M
Interest income
$11.2M
$5.5M
$5.1M
Interest expense
($11.3M)
($27.2M)
($22.7M)
Miscellaneous income, net
$8.7M
$4.4M
$800.0K
Total other income (expense), net
$8.6M
($17.3M)
($16.8M)
Income from continuing operations before income taxes
$432.8M
$338.5M
$267.0M
Effective Tax Rate
101100000.0%
70300000.0%
63200000.0%
Net income from continuing operations attributable to common shareholders
$331.7M
$268.2M
$203.8M
Income from discontinued operations, net of tax (Note 3)
$34.9M
$26.5M
$52.1M
Net income from continuing operations attributable to common shareholders
$366.6M
$294.7M
$255.9M
Earnings per basic share from continuing operations (in dollars per share)
$5.77
$4.69
$3.59
Earnings per basic share from discontinued operations (in dollars per share)
$0.61
$0.46
$0.92
Basic earnings per share (in dollars per share)
$6.38
$5.15
$4.51
Earnings per diluted share from continuing operations (in dollars per share)
$5.66
$4.60
$3.54
Earnings per diluted share from discontinued operations (in dollars per share)
$0.60
$0.45
$0.91
Diluted earnings per share (in dollars per share)
$6.26
$5.05
$4.45
Weighted average basic shares outstanding (in shares)
57.5M
57.2M
56.7M
Weighted average diluted shares outstanding (in shares)
58.6M
58.3M
57.5M
Net sales
$2.3B
$2.1B
$2.1B
Engineering, Selling, General And Administrative Expense
$548.6M
—
—
Crane Co income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Net sales
$724.7M
$696.4M
$589.2M
$577.2M
Cost of sales
$417.2M
$415.1M
$337.9M
$334.9M
Engineering, selling and administrative
$163.2M
$181.2M
$132.9M
$139.4M
Operating profit
$144.3M
$100.1M
$118.4M
$102.9M
Interest income
$2.1M
$1.6M
$2.2M
$2.9M
Interest expense
($16.6M)
($16.8M)
($1.0M)
($4.3M)
Miscellaneous (expense) income, net
($1.8M)
$200.0K
$800.0K
$3.1M
Total other (expense) income, net
($16.3M)
($15.0M)
$2.0M
$1.7M
Income from continuing operations before income taxes
$128.0M
$85.1M
$120.4M
$104.6M
Provision for income taxes
$32.1M
$18.0M
$29.0M
$24.3M
Net income from continuing operations attributable to common shareholders
$95.9M
$67.1M
$91.4M
$80.3M
Income from discontinued operations, net of tax (Note 3)
$0
$0
$0
$6.1M
Net income attributable to common shareholders
$95.9M
$67.1M
$91.4M
$86.4M
Earnings (loss) per basic share from continuing operations (in dollars per share)
$1.66
$1.16
$1.59
$1.40
Earnings per basic share from discontinued operations (in dollars per share)
$0.00
$0.00
$0.00
$0.11
Earnings (loss) per basic share (in dollars per share)
$1.66
$1.16
$1.59
$1.51
Earnings (loss) per diluted share from continuing operations (in dollars per share)
$1.63
$1.14
$1.56
$1.37
Earnings per diluted share from discontinued operations (in dollars per share)
$0.00
$0.00
$0.00
$0.10
Earnings (loss) per diluted share (in dollars per share)
$1.63
$1.14
$1.56
$1.47
Average basic shares outstanding (in shares)
57.7M
57.7M
57.6M
57.5M
Average diluted shares outstanding (in shares)
58.7M
58.7M
58.6M
58.5M
Dividends per share (in dollars per share)
$0.26
$0.26
$0.23
$0.23
Balance sheet
Crane Co balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Cash and cash equivalents
$506.5M
$306.7M
$329.6M
Restricted cash
$1.2B
—
—
Accounts receivable, net
$358.7M
$339.1M
$306.4M
Inventories, net
$376.5M
$380.4M
$353.1M
Other current assets
$106.4M
$159.1M
$101.7M
Current assets held for sale
$0
$217.9M
$0
Total current assets
$2.6B
$1.4B
$1.1B
Property, plant and equipment, net
$278.8M
$261.3M
$270.5M
Long-term deferred tax assets
$3.5M
$11.2M
$2.7M
Intangible assets, net
$149.5M
$159.9M
$87.9M
Goodwill
$683.9M
$661.6M
$747.7M
Other assets
$166.3M
$144.7M
$134.0M
Total assets
$3.9B
$2.6B
$2.3B
Accounts payable
$189.6M
$188.2M
$179.1M
Accrued liabilities
$269.3M
$303.2M
$273.7M
U.S. and foreign taxes on income
$6.3M
$7.9M
$14.3M
Current liabilities held for sale
$0
$44.1M
$0
Total current liabilities
$465.2M
$543.4M
$467.1M
Long-term debt
$1.1B
$247.0M
$248.5M
Accrued pension, postretirement benefits and post-employment benefits
$43.0M
$69.6M
$115.0M
Long-term deferred tax liability
$45.9M
$34.8M
$37.1M
Other liabilities
$87.7M
$106.1M
$105.6M
Common shares, par value $1.00; 66,475,307 shares authorized; 57,607,816 and 57,290,198 shares issued and outstanding in 2025 and 2024, respectively
57.6M
57.3M
56.9M
Capital surplus
$452.0M
$425.5M
$398.2M
Retained earnings
$1.5B
$1.2B
$960.7M
Accumulated other comprehensive income (loss)
$20.0M
($61.9M)
($58.0M)
Total shareholders’ equity
$2.1B
$1.6B
$1.4B
Noncontrolling interest
$2.3M
$2.3M
$2.5M
Total equity
$2.1B
$1.6B
$1.4B
Total liabilities and equity
$3.9B
$2.6B
$2.3B
Crane Co balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$350.4M
$355.4M
$388.2M
$332.2M
Accounts receivable, net of allowance for doubtful accounts of $16.3 as of June 30, 2026 and $8.4 as of December 31, 2025
$487.6M
$493.8M
$387.9M
$383.7M
Finished goods
$83.0M
$86.0M
$68.2M
$73.7M
Work in process
$155.8M
$157.6M
$58.0M
$61.4M
Raw materials
$268.4M
$263.5M
$218.2M
$216.1M
Inventories, net
$507.2M
$507.1M
$394.7M
$402.2M
Other current assets
$134.0M
$125.4M
$109.5M
$127.5M
Restricted Cash, Current
$0
$0
—
—
Total current assets
$1.5B
$1.5B
$1.3B
$1.2B
Cost
$860.5M
$841.7M
$737.8M
$729.4M
Less: accumulated depreciation
$483.9M
$474.0M
$459.4M
$454.2M
Property, plant and equipment, net
$376.6M
$367.7M
$278.4M
$275.2M
Long-term deferred tax assets
$12.8M
$15.1M
$6.1M
$7.1M
Other assets
$169.6M
$173.5M
$147.4M
$147.7M
Intangible assets, net
$652.4M
$667.3M
$152.7M
$156.1M
Goodwill
$1.3B
$1.3B
$684.1M
$684.9M
Total assets
$4.0B
$4.1B
$2.5B
$2.5B
Accounts payable
$185.7M
$211.2M
$149.5M
$149.1M
Accrued liabilities
$324.8M
$288.0M
$231.1M
$224.4M
U.S. and foreign taxes on income
$5.7M
$15.4M
$11.4M
$4.8M
Short-term borrowings
$11.3M
$5.6M
—
—
Total current liabilities
$527.5M
$520.2M
$392.0M
$425.5M
Long-term debt, net
$1.1B
$1.2B
$0
$0
Accrued pension, postretirement benefits and post-employment benefits
$42.4M
$41.7M
$51.9M
$64.4M
Long-term deferred tax liability
$105.8M
$106.0M
$38.2M
$38.5M
Other liabilities
$88.1M
$92.0M
$98.4M
$99.6M
Total liabilities
$1.9B
$2.0B
$580.5M
$628.0M
Common shares, par value $1.00; 66,475,307 shares authorized; $57,798,435 and $57,607,816 shares issued and outstanding, respectively
57.8M
57.7M
57.6M
57.5M
Capital surplus
$458.0M
$451.5M
$447.6M
$440.4M
Retained earnings
$1.7B
$1.6B
$1.5B
$1.4B
Accumulated other comprehensive (loss) income
($3.3M)
$3.8M
($2.0M)
$3.5M
Total shareholders’ equity
$2.2B
$2.1B
$2.0B
$1.9B
Noncontrolling interests
$2.3M
$2.3M
$2.3M
$2.3M
Total equity
$2.2B
$2.1B
$2.0B
$1.9B
Total liabilities and equity
$4.0B
$4.1B
$2.5B
$2.5B
Cash flow statement
Crane Co cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net income attributable to common shareholders
$366.6M
—
—
Income from discontinued operations, net of tax (Note 3)
$34.9M
—
—
Net income from continuing operations attributable to common shareholders
$331.7M
$268.2M
$203.8M
Depreciation and amortization
$50.2M
$51.0M
$39.3M
Stock-based compensation expense
$27.2M
$25.6M
$26.1M
Defined benefit plans and postretirement cost
$8.4M
$3.2M
$9.3M
Deferred income tax benefit
($2.1M)
($11.6M)
($21.5M)
Defined benefit plans and postretirement contributions
($16.9M)
($17.0M)
($18.3M)
Environmental payments, net of reimbursements
($2.9M)
($4.2M)
($3.9M)
Other
($9.7M)
($5.6M)
$8.3M
Total provided by operating activities from continuing operations
$394.8M
$257.8M
$193.6M
Payments for acquisitions - net of cash acquired and working capital adjustments
($200.0K)
($200.5M)
($90.5M)
Capital expenditures
($53.5M)
($36.6M)
($42.7M)
Proceeds from insurance recoveries for damaged property, plant and equipment
$5.1M
$1.0M
—
Other investing activities
$500.0K
$6.1M
$700.0K
Total used for investing activities from continuing operations
($48.1M)
($230.0M)
($132.5M)
Dividends paid
($52.9M)
($46.9M)
($57.3M)
Net (payments) proceeds related to employee stock plans
-5.2M
-900.0K
21.8M
Debt refinancing costs
($5.6M)
—
($9.0M)
Proceeds from debt
$1.1B
$190.0M
$300.0M
Proceeds from term facility of discontinued operations
$0
—
$350.0M
Repayments of debt
($247.5M)
($191.9M)
($450.6M)
Distribution of Crane NXT, Co.
$0
—
($578.1M)
Total provided by (used for) financing activities from continuing and discontinued operations
$838.8M
($49.7M)
($423.2M)
Total provided by operating activities
$0
$15.0M
$34.6M
Total used for investing activities
$213.6M
($3.2M)
($4.1M)
Increase in cash, cash equivalents and restricted cash from discontinued operations
$213.6M
$11.8M
$30.5M
Effect of exchange rate on cash, cash equivalents and restricted cash
$24.0M
($11.3M)
$3.6M
Increase (decrease) in cash, cash equivalents and restricted cash
$1.4B
($21.4M)
($328.0M)
Cash, cash equivalents and restricted cash at beginning of period
$306.7M
$306.7M
$329.6M
Cash, cash equivalents and restricted cash at end of period
$1.7B
$329.6M
$657.6M
Less: Cash, cash equivalents and restricted cash of discontinued operations
$0
—
—
Cash, cash equivalents and restricted cash of continuing operations at end of period
$1.7B
—
—
Less: Restricted cash
$1.2B
—
—
Cash and cash equivalents of continuing operations at end of period
$506.5M
—
—
Accounts receivable
($13.4M)
($32.1M)
($23.4M)
Inventories
$11.3M
($21.2M)
($42.0M)
Other current assets
$47.1M
($54.3M)
$38.1M
Accounts payable
$2.9M
$23.8M
($3.3M)
Accrued liabilities
($44.9M)
$39.0M
$7.9M
U.S. and foreign taxes on income
$5.9M
($7.0M)
($26.8M)
Cash provided by (used for) operating working capital
$8.9M
($51.8M)
($49.5M)
Interest paid
$7.8M
$24.4M
$20.3M
Income taxes paid
$96.5M
$88.9M
$110.5M
Crane Co cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income attributable to common shareholders
$163.0M
$67.1M
$284.9M
$193.5M
Less: Income from discontinued operations, net of tax
$0
$0
$34.9M
$34.9M
Net income from continuing operations attributable to common shareholders
$163.0M
$67.1M
$250.0M
$158.6M
Depreciation and amortization
$55.5M
$28.1M
$37.8M
$25.6M
Stock-based compensation expense
$12.3M
$8.4M
$25.4M
$19.9M
Defined benefit plans and postretirement cost
$2.5M
$1.3M
$6.1M
$4.1M
Deferred income taxes
($1.1M)
$0
$0
$0
Cash used for operating working capital
($141.7M)
($133.2M)
($108.7M)
($140.9M)
Defined benefit plans and postretirement contributions
($1.0M)
($500.0K)
($16.7M)
($6.2M)
Environmental payments, net of reimbursements
($1.1M)
($300.0K)
($2.0M)
($1.7M)
Other
$4.4M
($400.0K)
($2.9M)
($600.0K)
Net income from continuing operations attributable to common shareholders
$92.8M
($29.5M)
—
—
Payment for acquisitions - net of cash acquired and working capital adjustments
($1.4B)
($1.4B)
($200.0K)
($200.0K)
Capital expenditures
($25.3M)
($10.7M)
($43.7M)
($30.3M)
Other investing activities
$100.0K
$100.0K
$500.0K
$200.0K
Total used for investing activities from continuing operations
($1.4B)
($1.4B)
($43.4M)
($30.3M)
Dividends paid
($29.4M)
($14.7M)
($39.7M)
($26.4M)
Net payments related to employee stock plans
-8.3M
-10.9M
-5.9M
-8.9M
Proceeds from debt
$50.0M
$50.0M
$0
$0
Repayments of debt
($100.0M)
—
($247.5M)
($200.0M)
Total used for financing activities from continuing and discontinued operations
($87.7M)
$24.4M
($296.9M)
($235.3M)
Total provided by investing activities(a)
$0
$0
$213.6M
$213.6M
Increase in cash and cash equivalents from discontinued operations
$0
$0
$213.6M
$213.6M
Effect of exchange rate on cash and cash equivalents
($3.9M)
($3.3M)
$19.2M
—
(Decrease) increase in cash and cash equivalents
($1.4B)
($1.4B)
$81.5M
$25.5M
Cash, cash equivalents and restricted cash at beginning of period
$1.7B
$1.7B
—
—
Cash, cash equivalents and restricted cash at ending of period