Crane NXT, Co.
CXTNYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $58.52 Prior regular-session close from the quote source.
- $57.51–$58.85 Regular-session low and high so far today.
- 572.2K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Feb 10 projected Projected for 2027-02-10 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $35.71–$63.57 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own CXT if its proprietary secure/detect/authenticate technologies translate renewed demand and acquisitions into margin recovery, not merely a bigger revenue base.
CXT price history
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Investment thesis
What must happen next
Customers continue to value Crane NXT’s proprietary trusted technology for secure, detect and authenticate use cases, so demand remains resilient rather than being commoditized.StrengtheningMateriality: High
FY2025 GAAP annual revenue was $1.6567 billion, up 11.4% from FY2024 GAAP annual revenue of $1.4868 billion. If this holds, revenue growth has a defensible customer-problem foundation; if it breaks, Crane NXT becomes a tender-driven industrial supplier with weaker pricing power.
Watch: Retailers, banks or transit systems accelerate cashless workflows and reduce refresh demand for cash-acceptance, validation or payment-automation equipment.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual revenue was $1.6567 billion, up 11.4% from FY2024 GAAP annual revenue of $1.4868 billion.
Open source ↗The proprietary nature of the portfolio gives Crane NXT enough pricing and mix power for growth and acquisitions to translate into operating leverage rather than permanent margin dilution.WeakeningMateriality: High
FY2025 GAAP annual operating income remained positive at $246.7 million. This is the difference between a larger company and a more valuable one; failure here means growth consumes profitability.
Watch: Large customers use competitive tenders to force price concessions against Glory, Giesecke+Devrient, De La Rue or other specialized security-technology vendors.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual operating income remained positive at $246.7 million.
Open source ↗The installed and recurring nature of trusted-technology systems keeps earnings cash-convertible, giving Crane NXT internal funding for product investment, debt service and selective acquisitions.StrengtheningMateriality: Medium
FY2025 GAAP annual operating cash flow was $241.5 million, above FY2025 GAAP annual net income of $145.1 million. If cash conversion holds, the company can self-fund the strategy; if it weakens, growth may require more leverage or equity dilution.
Watch: Large government, bank or retail customers demand longer payment terms, weakening working-capital conversion before revenue visibly rolls over.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 GAAP annual operating cash flow was $241.5 million, above FY2025 GAAP annual net income of $145.1 million.
Open source ↗Management can expand in adjacent secure/authentication markets without letting debt-funded dealmaking become the dominant risk to owners.HoldingMateriality: Medium
FY2025 total liabilities were $1.8596 billion against FY2025 total assets of $3.1164 billion. Disciplined capital allocation can compound the platform; overpaying or overleveraging would transfer value from shareholders to creditors and integration risk.
Watch: A large debt-funded acquisition in security or authentication raises liabilities before cost synergies or revenue synergies are proven.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 total liabilities were $1.8596 billion against FY2025 total assets of $3.1164 billion.
Open source ↗
Full investment case & evidence
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Original research
Customers continue to value Crane NXT’s proprietary trusted technology for secure, detect and authenticate use cases, so demand remains resilient rather than being commoditized. If this holds, revenue growth has a defensible customer-problem foundation; if it breaks, Crane NXT becomes a tender-driven industrial supplier with weaker pricing power.
The proprietary nature of the portfolio gives Crane NXT enough pricing and mix power for growth and acquisitions to translate into operating leverage rather than permanent margin dilution. This is the difference between a larger company and a more valuable one; failure here means growth consumes profitability.
The installed and recurring nature of trusted-technology systems keeps earnings cash-convertible, giving Crane NXT internal funding for product investment, debt service and selective acquisitions. If cash conversion holds, the company can self-fund the strategy; if it weakens, growth may require more leverage or equity dilution.
Management can expand in adjacent secure/authentication markets without letting debt-funded dealmaking become the dominant risk to owners. Disciplined capital allocation can compound the platform; overpaying or overleveraging would transfer value from shareholders to creditors and integration risk.
All standing thesis claims
Original report summary
its proprietary secure/detect/authenticate technologies translate renewed demand and acquisitions into margin recovery, not merely a bigger revenue base.
Bull case and bear case
Bull case and bear case for Crane NXT, Co.
Where the evidence on Crane NXT, Co. disagrees: Mixed on the latest evidence (Oct 16, 2026). Of its 4 thesis points, 2 strengthening, 1 holding and 1 weakening.
Bull case: what the evidence supports
Customers continue to value Crane NXT’s proprietary trusted technology for secure, detect and authenticate use cases, so demand remains resilient rather than being commoditized.
The installed and recurring nature of trusted-technology systems keeps earnings cash-convertible, giving Crane NXT internal funding for product investment, debt service and selective acquisitions.
Management can expand in adjacent secure/authentication markets without letting debt-funded dealmaking become the dominant risk to owners.
Bear case: what the evidence questions
The proprietary nature of the portfolio gives Crane NXT enough pricing and mix power for growth and acquisitions to translate into operating leverage rather than permanent margin dilution.
Thesis-Break Engine
Thesis-break watch · Crane NXT, Co.
No break has crossed Crane NXT, Co.’s thesis. Its break conditions are checked against every new filing as it lands.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
Crane NXT, Co. filed an SEC 8-K on 2026-10-07: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedRegulation FD disclosure.
Crane NXT, Co. filed an SEC 8-K on 2026-08-11: Regulation FD disclosure. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Crane NXT, Co. filed an SEC 8-K on 2026-08-05: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Retailers, banks or transit systems accelerate cashless workflows and reduce refresh demand for cash-acceptance, validation or payment-automation equipment.
- Large customers use competitive tenders to force price concessions against Glory, Giesecke+Devrient, De La Rue or other specialized security-technology vendors.
- Large government, bank or retail customers demand longer payment terms, weakening working-capital conversion before revenue visibly rolls over.
- A large debt-funded acquisition in security or authentication raises liabilities before cost synergies or revenue synergies are proven.
CXT news
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Financial statements
CXT income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
CXT: quick answers
- When does Crane NXT, Co. (CXT) report earnings next?
- Crane NXT, Co.'s next results are projected for February 10, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on November 4, 2026. Earnings calendar
- What is CXT's short interest?
- As of October 30, 2026, 9.0M CXT shares were sold short, 15.7% of its shares outstanding, down 7.0% from the count before. At the stock's average daily volume that is 13 days to cover. FINRA publishes the count twice a month. CXT short interest history
- Have members of Congress traded CXT?
- Reports made public in the last 90 days disclose 1 trade in CXT by 1 filer: 0 purchases and 1 sale. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed CXT trade