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Carlisle Companies Incorporated

CSL Industrials Building Products & Equipment

Carlisle Companies Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $5.0 billion, roughly unchanged from fiscal 2024.

Revenue
+8.65%
EPS
+5.21%
Free cash flow
−29.5%
Total debt
+0.30%

Quarter to September 2026, against a year earlier

380.67 18.15 −4.55%
Market cap
$14.7B
P/E
21.4×
Fwd P/E
20.3×
Dividend yield
1.20%
F-score
6/9
Altman Z
5.10
Beneish M
−2.83
Dividend safety
90/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • CCM
  • Carlisle Weatherproofing Technologies

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 28.22
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 5 — — — — — — — — —
Insider Ownership 3.32%

Capital & Financial Ratios $m

Size
Market Cap 14,650.00
Revenue ttm 5,213.50
Net income ttm 718.40
Free cash flow ttm 750.50
Net debt Q 2,340.70
Valuation
P/E 21.38
Forward P/E 20.30
Price / sales 2.88
Forward P/S Powerpack
Price / FCF 19.98
Price / book 10.43 (above 6: high)
Financial health
Current ratio Q 2.40 (at or above 1.5: strong)
Debt / equity Q 2.01 (above 2: weak)
Interest coverage Q 10.58
Growth
Revenue growth Q +8.65% (above 0%: growing)
Operating income growth Q −0.24% (below 0%: shrinking)
EPS, this year +7.20%
EPS, next year A +14.83%
Revenue, next year A +5.76%
EPS, past 5 yrs +24.17% (at or above 15%: strong)
EPS, next 5 yrs A +11.65%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.3×, against a ten-year median of 2.8×; over the ten years it ranged from 1.5× in 2018 to 4.6× in 2024.
P/E against its own 10 years 66.34%
10-year low 10-year high
P/S against its own 10 years 69.64%
10-year low 10-year high
P/B against its own 10 years 99.89%
10-year low 10-year high
EV/Sales against its own 10 years 69.05%
10-year low 10-year high
EV/FCF against its own 10 years 71.32%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.20%
Annual rate
4.55
Payout ratio
25.7%
Growth, 2017–25
+14.3%/yr
  1. 1.44 ’17
  2. 1.54 ’18 +7
  3. 1.80 ’19 +17
  4. 2.05 ’20 +14
  5. 2.13 ’21 +4
  6. 2.58 ’22 +21
  7. 3.20 ’23 +24
  8. 3.70 ’24 +16
  9. 4.20 ’25 +14
  10. 4.70 ’26e +12
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 577 754 1,112 547
Receivables 615 580 594 885
Inventory 362 473 447 529
Other 1,833 94 96 111
3,408 1,926 2,277 2,104
2023 2024 2025 Q'26
Payables 246 261 233 378
ST’ Debt 403 3 — —
Other 245 405 503 497
1,186 666 736 875

Compound Annual Growth %

10y 5y 3y
Sales 3.55% 4.81% (2.70%)
Cash Flow 7.61% 9.60% 3.25%
Earnings 8.77% 18.35% (7.11%)
Book Value (2.65%) (6.69%) (15.96%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 5.95 Actual 5.92

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 3.60 3.90 Beat by 0.30
Q1 FY26 3.31 3.63 Beat by 0.32
Q2 FY26 6.43 7.03 Beat by 0.60
Q3 FY26 5.95 5.92 Miss by 0.03
Q4 FY26 4.54 — Reports 2 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.10 6.30 5.26 — —
’25 3.20 5.88 4.98 3.05 17.12
’24 3.97 14.84 5.25 3.57 27.82
’23 1.96 3.79 5.29 4.20 15.18
’22 3.66 5.73 4.83 3.33 17.56
’21 0.97 1.87 2.67 2.41 7.91
’20 1.09 1.36 1.87 1.49 5.80
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,052 1,570 1,463 — —
’25 1,096 1,450 1,347 1,128 5,020
’24 1,097 1,451 1,334 1,123 5,004
’23 893 1,307 1,260 1,128 4,587
’22 1,496 1,775 1,497 681 5,449
’21 941 1,178 1,316 402 3,837
’20 1,030 965 1,057 917 3,970
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (45) 242 314 — —
’25 2 287 427 386 1,102
’24 164 183 313 371 1,030
’23 150 221 442 389 1,201
’22 44 179 365 412 1,001
’21 68 104 112 138 422
’20 53 173 214 257 697
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (73) 200 277 — —
’25 (27) 258 393 346 971
’24 131 159 294 334 917
’23 109 191 406 353 1,059
’22 13 128 317 359 817
’21 48 69 79 92 287
’20 30 147 190 234 601
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 8.7% a year for ten years. It grew 8.5% a year over the last ten.

Implied
8.7%
10 years, reported
8.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,425 3,751 4,480 4,485 3,970 3,837 5,449 4,587 5,004 5,020 5,214 +4.3% 5,309 5,587 5,839 +5.2%
Gross margin, % 31.72 27.95 26.22 29.12 28.65 28.55 34.24 35.63 37.73 35.71 34.66 +4.0 pt
EBT 379 429 446 575 404 490 1,124 930 1,111 949 939 +10.7%
EBT margin, % 11.07 11.44 9.95 12.82 10.18 12.77 20.62 20.28 22.20 18.90 18.01 +7.8 pt
Net income 250 366 611 473 320 422 924 767 1,312 741 718 +12.8%
Per share, $
Per share, $ Revenue 53.33 59.47 74.16 78.82 72.84 73.08 105.20 91.92 107.60 117.29 132.32 +9.2%
Earnings 3.86 5.75 10.09 8.28 5.85 8.01 17.80 15.35 28.17 17.27 17.80 +18.1%
Cash flow 8.27 7.27 5.62 12.36 12.78 8.03 19.32 24.07 22.16 25.74 22.77 +13.4%
Capex (1.69) (2.54) (2.00) (1.56) (1.75) (2.57) (3.54) (2.85) (2.44) (3.07) (3.72) +6.8%
Free cash flow 6.58 4.74 3.62 10.79 11.03 5.46 15.78 21.22 19.72 22.68 19.05 +14.7%
Book value 38.41 40.09 43.00 46.45 46.56 50.09 58.39 56.69 52.97 41.95 36.51 +1.0%
Shares, m 64 63 60 57 55 53 52 50 47 43 41 (4.4%)
Valuation, ×
Valuation, × P/E 28.31 20.31 10.07 19.52 26.65 30.94 13.17 20.10 13.19 18.54 21.38 20.1
P/S 2.05 1.97 1.36 2.05 2.14 3.40 2.23 3.37 3.43 2.73 2.88 2.5
P/B 2.84 2.92 2.34 3.48 3.35 4.95 4.01 5.47 6.96 7.63 10.43 4.4
EV/Sales 2.15 2.33 1.56 2.33 2.44 4.07 2.63 3.75 3.66 3.08 3.33 2.8
EV/FCF 17.47 29.24 32.06 17.01 16.13 54.48 17.56 16.22 19.94 15.93 23.11 23.6
Cash, $m
Cash, $m Operating cash flow 531 459 339 703 697 422 1,001 1,201 1,030 1,102 897 +8.4%
Capex (109) (160) (121) (89) (95) (135) (183) (142) (113) (131) (147) +2.1%
Free cash flow 422 299 219 614 601 287 817 1,059 917 971 751 +9.7%
Balance, $m
Balance, $m Working capital 842 986 1,461 853 1,563 981 1,167 2,222 1,261 1,541 1,229 +7.0%
Net debt 211 1,208 784 1,240 1,184 2,603 2,218 1,713 1,137 1,770 2,341 +26.6%
Shareholders’ equity 2,467 2,528 2,597 2,643 2,538 2,630 3,024 2,829 2,463 1,795 1,438 (3.5%)
Returns, %
Returns, % ROA 6.32 7.89 11.59 8.77 5.62 6.41 12.77 11.09 21.10 12.26 11.51 +5.9 pt
ROIC 12.74 7.76 9.41 10.21 8.19 6.85 14.36 13.52 19.84 17.58 16.80 +4.8 pt
ROE 10.39 14.63 23.84 17.99 12.32 16.28 32.69 26.22 49.57 34.79 41.89 +24.4 pt
People
People Employees 12,000 14,000 13,000 13,000 12,000 11,000 12,100 11,000 5,500 5,900 — (7.6%)
Revenue/emp, $m 0.29 0.27 0.34 0.34 0.33 0.35 0.45 0.42 0.91 0.85 — +12.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Carlisle Companies makes and supplies products that protect buildings from weather and help them use energy more efficiently. Founded in 1917 and headquartered in Charlotte, it is led by Chair, President and CEO D. Christian Koch.

The company operates through two businesses. Carlisle Construction Materials, or CCM, sells roofing membranes, insulation and related systems, mainly for commercial buildings. Its products can be used on new buildings or to repair and replace existing roofs. Customers can buy membranes and insulation together as a warranted system or separately without a system warranty.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
CCM 3,722 74.14%
Carlisle Weatherproofing Technologies 1,298 25.86%
Gross margin 35.71%
Operating margin 19.97%
Pre-tax margin 18.90%

Revenue by segment since 2009

Carlisle Companies Incorporated vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MAS Masco Corporation $16.2B 18.1× 17.1× +2.56% (above 0%: growing) +30.00% (above 0%: growing) −20.00% (below 0%: shrinking) 36.62% 17.24% Compare
CSL Carlisle Companies Incorporated $14.7B 21.4× 20.3× +8.65% (above 0%: growing) +5.21% (above 0%: growing) −29.51% (below 0%: shrinking) 33.82% 20.04%
LII Lennox International, Inc. $11.9B 16.2× 16.3× +10.21% (above 0%: growing) −8.27% (below 0%: shrinking) +36.71% (above 0%: growing) 31.62% 19.85% Compare
MAIR Madison Air Solutions Corporation $10.8B 48.8× 34.9× — — +79.04% (above 0%: growing) 38.98% 19.70% Compare
OC Owens Corning Inc $9.8B — (loss-making) 15.2× −7.27% (below 0%: shrinking) n/m −16.47% (below 0%: shrinking) 24.71% (6.11%) Compare
WMS Advanced Drainage Systems, Inc. $9.3B 23.3× 21.8× +4.59% (above 0%: growing) −26.87% (below 0%: shrinking) −8.28% (below 0%: shrinking) 38.89% 21.91% Compare
AWI Armstrong World Industries, Inc. $7.1B 22.8× 21.0× +11.90% (above 0%: growing) +10.25% (above 0%: growing) −29.42% (below 0%: shrinking) 40.08% 27.57% Compare
BLDR Builders FirstSource, Inc. $7.1B 176× — (loss-making) −2.21% (below 0%: shrinking) −49.42% (below 0%: shrinking) −83.67% (below 0%: shrinking) 27.82% 2.57% Compare
SPXC SPX Technologies, Inc. $6.9B 23.3× 24.6× +20.53% (above 0%: growing) +26.15% (above 0%: growing) −79.92% (below 0%: shrinking) 39.12% 16.14% Compare
Median of peers $9.5B 23.3× 21.0× +4.59% +0.99% −18.23% 37.76% 18.47%

All 34 Building Products & Equipment stocks →

From the latest earnings call

Updated

  • CEO Chris Koch said price increases had not materially affected demand, but further cost increases pushed expected price-cost parity to the end of 2026.
  • Koch said re-roofing demand remained a mid-single-digit contributor at CCM, while share gains and cost actions offset residential softness at CWT.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 102.80%
Held by the ten largest 49.61%
Holder Shares Stake Change
BlackRock 4.13m 10.39% −108.95k
Vanguard 4.12m 10.34% −29.01k
Morgan Stanley 2.48m 6.24% −262.05k
First Eagle Investment Management, LLC 2.47m 6.20% +1.68m
State Street 2.10m 5.27% +54.34k
BNY 1.12m 2.81% −74.51k
UBS 959.99k 2.41% +353.81k
Franklin Templeton 800.52k 2.01% −44.61k
SANDS CAPITAL MANAGEMENT, LLC 799.87k 2.01% −119.74k
Geode Capital Management 769.02k 1.93% −5.76k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 17 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 11.36m 2.01m 216.26
2024 14.24m 22.27m 246.48
2023 11.03m 22.37m 206.88
2022 11.52m 10.82m 154.09
2021 11.04m 33.21m 160.64

Ownership

Directors and executive officers, together 1.30%
The Vanguard Group, Inc. 12.30%
BlackRock, Inc. 12.00%
Morgan Stanley 6.80%
State Street Corporation One Congress Street, Suite 5.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Carlisle Companies Incorporated (CSL) Latest News

3 Nov

Impact 3 · · StockStory

29 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 3 · · StockStory
Impact 3 · · Moby

28 Oct

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Simply Wall St.

27 Oct

Impact 3 · · StockStory

23 Oct

Impact 3 · · StockStory

21 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · Zacks

4 Oct

Impact 3 · · TIKR

28 Sep

Impact 3 ·

24 Sep

Impact 3 · · StockStory

23 Sep

Impact 3 · · Zacks

18 Sep

Impact 3 ·

16 Sep

Impact 4 ·

10 Sep

Impact 3 ·

26 Aug

Impact 3 ·

14 Aug

Impact 3 ·

12 Aug

Impact 3 ·

7 Aug

Impact 3 · · The Motley Fool transcript
Impact 3 ·

30 Jul

Impact 4 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

CSL metrics, ten years each

stockrow.com/CSL · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com