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$3.0B
Market Cap
4.3
P/E
1.21
PEG
11.6%
ROCE
12.5%
ROE
0.96
D/E
17.3%
OPM
-18.4%
% from 52W High
42
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for CXT including FX impact
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📈 Price History
Ratio Health
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About

Crane NXT, Co. operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations; and Security and Authentication Technologies segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Security and Authentication Technologies segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products. This segment also offers brand protection, authentication solutions, and digital content protection across online marketplaces, social media platforms, and websites; and serves various brands, as well as government agencies and financial institutions. Crane NXT, Co. was incorporated in 2021 and is based in Waltham, Massachusetts.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding CXT
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 203.7K $8.3M 0.01% Mar 2026
Jim Simons Renaissance Technologies LLC 52.2K $2.1M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Crane NXT reports Q1 2026 sales $388M, 17% growth, acquires Antares Vision
Revenue & Profitability
Q1 2026 sales were $388 million, up approximately 17% total and 6% organically. Adjusted EBITDA margin reached 19%, an 80-basis-point improvement. Adjusted EPS was $0.60, up 11% year-over-year. Free cash flow reflected normal seasonality; full-year conversion expected between 90% and 110%.
Outlook
Management sees sustained strong demand for international currency, with over 70 denominations expected to be quoted and designed through 2030. Secular growth in authentication and traceability is driven by regulations in life sciences and food & beverage. The company expects secular mid-single-digit growth in these end markets.
Growth Drivers
Key growth levers include: international currency wins (targeting 10-15 new micro-optics denominations per year), the U.S. new $10 banknote launch, and expansion of Antares Vision into regulated pharma and food segments. CPI service revenue is growing mid-single digits. Cross-selling between SAT and DTT is an early synergy focus.
Balance Sheet & CapEx
CapEx is expected to remain in the 3%-5% of sales range, with increased allocation to international currency capacity. This includes building new production lines and outsourcing partnerships. The current year includes a few million dollars in OpEx for freight and supplies, with CapEx ramping later to support capacity expansion over two years.
Margins
Adjusted EBITDA margin expanded 80 bps to 19% in Q1. SAT margin improved 600 bps to 20%, targeting ~25% by year-end. CPI margin is expected to improve 20-30 bps through productivity. Antares Vision initially dilutive, but management expects to drive its margin to low 20% over time using CBS. Full-year adjusted segment EBITDA margin guided to approximately 27%.
Key Risks
Management noted the tough comparable in international currency for the second half of 2026 after a blowout Q4 2025. Antares Vision is slightly dilutive to EPS in 2026, offset by productivity. Normal seasonality for Antares skews revenue to Q4. No material impact from macro events such as the war was flagged.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Q2 2026 saw 22% sales growth and strong margin expansion, driven by SAT and Antares Vision in DTT. Full-year EPS guidance was raised on robust performance, with record backlogs and ongoing operational improvements supporting confidence in sustained growth and margin gains.
Q1 2026 Q1 2026 2026-05-07
Q1 delivered 17% sales growth and 6% organic growth, with strong SAT performance and early Antares Vision integration. Guidance for 2026 was raised to 15%-17% sales growth, with EPS maintained at $4.10-$4.40 and margin expansion expected.
Q4 2025 Q4 2025 2026-02-12
Sales grew 20% in Q4 and 11% for the year, with strong performance in currency and authentication. 2026 guidance calls for 4%-6% sales growth, stable margins, and EPS of $4.10-$4.40. Major investments in capacity and acquisitions position the company for sustained growth.
Q3 2025 Q3 2025 2025-11-06
Q3 results met expectations with 10% sales growth and strong free cash flow. Raised full-year sales guidance, highlighted robust international currency demand, and announced the Antares Vision acquisition to diversify the portfolio.
Q2 2025 Q2 2025 2025-08-07
Q2 2025 saw 9% sales growth, strong free cash flow, and record backlogs in currency and authentication. Integration of De La Rue and OpSec accelerated synergies, with full-year EPS guidance reaffirmed and robust M&A capacity maintained.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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