Crane NXT, Co.
CXT · Miscellaneous Fabricated Metal Products · 57.5M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $60M (gross $70M, SBC $10M)
Reference price $42.13 · est. market cap ~$2.4B — last insider purchase, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Crane NXT is an above-average industrial technology franchise with proprietary authentication/payment IP and solid margins, tempered by an earnings decline and acquisition-driven leverage.
Strengths
- Top-quartile operating margin (79.7th pct) and ROA (77th pct) with healthy FCF (74th pct) and net margin (70th pct)
- Differentiated micro-optics/authentication IP and double-digit revenue growth (11.4%, 60th pct) aided by DLR/Antares Vision deals
Risks
- Net income fell ~21% (34th pct) on SAT margin compression and CPI vending softness
- Rising leverage (D/E 73.9th pct) from Term Loan B/A draws to fund acquisitions, plus integration risk
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
42.5%
Operating margin
14.9%
Net margin
8.8%
Return on equity
11.6%
Return on assets
4.7%
ROIC
8.6%
Revenue growth (QoQ)
-18.7%
Net-income growth
-21.2%
Debt / equity
0.8×
Net debt / EBITDA
2.2×
Current ratio
1.5×
Free cash flow
$198M
EBITDA
$353M
Tangible book value
-$468M
Cash & investments
$234M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | Cristiano Christina | Buy | 3.5K | $41.96 |
| 2026-06-12 | Saak Aaron W | Buy | 24K | $42.13 |
| 2026-05-21 | TULLIS JAMES L L | Option exercise | 4.7K | — |
| 2026-05-03 | Keayes Samuel | Option exercise | 813 | — |
| 2026-05-03 | Keayes Samuel | Tax withheld | 383 | $44.60 |
| 2026-04-20 | Shardelow Bianca B. | Option exercise | 355 | — |
| 2026-04-20 | Shardelow Bianca B. | Tax withheld | 182 | $46.40 |
| 2026-04-20 | Cristiano Christina | Option exercise | 3.3K | — |
| 2026-04-20 | Cristiano Christina | Tax withheld | 1.7K | $46.40 |
| 2026-03-20 | Igoe Paul Gerard | Option exercise | 4.7K | — |
| 2026-03-20 | Igoe Paul Gerard | Tax withheld | 1.4K | $41.56 |
| 2026-02-28 | Keayes Samuel | Tax withheld | 228 | $48.29 |
| 2026-02-28 | Saak Aaron W | Option exercise | 3.9K | — |
| 2026-02-28 | Saak Aaron W | Tax withheld | 1.9K | $48.29 |
| 2026-02-28 | Keayes Samuel | Option exercise | 485 | — |
| 2026-02-28 | Igoe Paul Gerard | Option exercise | 862 | — |
| 2026-02-28 | Igoe Paul Gerard | Tax withheld | 262 | $48.29 |
| 2026-02-28 | Shardelow Bianca B. | Option exercise | 216 | — |
| 2026-02-28 | Shardelow Bianca B. | Tax withheld | 111 | $48.29 |
| 2026-02-28 | Cristiano Christina | Option exercise | 1.0K | — |
| 2026-02-28 | Cristiano Christina | Tax withheld | 523 | $48.29 |
| 2026-02-26 | Saak Aaron W | Option exercise | 4.1K | — |
| 2026-02-26 | Keayes Samuel | Tax withheld | 334 | $51.02 |
| 2026-02-26 | Keayes Samuel | Option exercise | 709 | — |
| 2026-02-26 | Saak Aaron W | Tax withheld | 2.0K | $51.02 |
| 2026-02-26 | Igoe Paul Gerard | Tax withheld | 265 | $51.02 |
| 2026-02-26 | Igoe Paul Gerard | Option exercise | 873 | — |
| 2026-02-26 | Cristiano Christina | Option exercise | 1.2K | — |
| 2026-02-26 | Cristiano Christina | Tax withheld | 613 | $51.02 |
| 2026-02-26 | Shardelow Bianca B. | Option exercise | 218 | — |
| 2026-02-26 | Shardelow Bianca B. | Tax withheld | 112 | $51.02 |
| 2026-02-07 | Keayes Samuel | Option exercise | 656 | — |
| 2026-02-07 | Keayes Samuel | Tax withheld | 309 | $56.05 |
| 2026-02-07 | Shardelow Bianca B. | Option exercise | 525 | — |
| 2026-02-07 | Shardelow Bianca B. | Tax withheld | 296 | $56.05 |
| 2026-02-07 | Cristiano Christina | Option exercise | 139 | — |
| 2026-02-07 | Cristiano Christina | Tax withheld | 71 | $56.05 |
| 2026-02-06 | Shardelow Bianca B. | Tax withheld | 251 | $52.95 |
| 2026-02-06 | Shardelow Bianca B. | Option exercise | 445 | — |
| 2026-02-06 | Keayes Samuel | Tax withheld | 295 | $52.95 |
| 2026-02-06 | Saak Aaron W | Option exercise | 5.6K | — |
| 2026-02-06 | Cristiano Christina | Option exercise | 130 | — |
| 2026-02-06 | Cristiano Christina | Tax withheld | 67 | $52.95 |
| 2026-02-06 | Keayes Samuel | Option exercise | 626 | — |
| 2026-02-06 | Saak Aaron W | Tax withheld | 1.9K | $52.95 |
| 2026-02-05 | Keayes Samuel | Option exercise | 4.2K | — |
| 2026-02-05 | Cristiano Christina | Tax withheld | 445 | $52.51 |
| 2026-02-05 | Keayes Samuel | Tax withheld | 2.0K | $52.51 |
| 2026-02-05 | Cristiano Christina | Option exercise | 870 | — |
| 2025-11-28 | Saak Aaron W | Tax withheld | 6.2K | $56.25 |
| 2025-11-28 | Saak Aaron W | Option exercise | 14K | — |
| 2025-06-11 | TULLIS JAMES L L | Gift | 60 | — |
| 2025-06-03 | Keayes Samuel | Option exercise | 6.0K | $31.37 |
| 2025-06-03 | Keayes Samuel | Option exercise | 5.4K | $29.71 |
| 2025-06-03 | Keayes Samuel | Option exercise | 5.2K | $29.50 |
| 2025-06-03 | Keayes Samuel | Sell | 15K | $54.00 |
| 2025-05-03 | Keayes Samuel | Option exercise | 812 | — |
| 2025-05-03 | Keayes Samuel | Tax withheld | 382 | $48.14 |
| 2025-04-20 | Cristiano Christina | Option exercise | 3.3K | — |
| 2025-04-20 | Cristiano Christina | Tax withheld | 1.7K | $44.66 |
| 2025-04-20 | Shardelow Bianca B. | Option exercise | 356 | — |
| 2025-04-20 | Shardelow Bianca B. | Tax withheld | 129 | $44.66 |
| 2025-03-20 | Igoe Paul Gerard | Option exercise | 4.7K | — |
| 2025-03-20 | Igoe Paul Gerard | Tax withheld | 1.4K | $55.33 |
| 2025-03-12 | Igoe Paul Gerard | Buy | 12 | $53.41 |
| 2025-02-28 | Igoe Paul Gerard | Tax withheld | 262 | $55.99 |
| 2025-02-28 | Shardelow Bianca B. | Option exercise | 215 | — |
| 2025-02-28 | Shardelow Bianca B. | Tax withheld | 78 | $55.99 |
| 2025-02-28 | Keayes Samuel | Option exercise | 485 | — |
| 2025-02-28 | Keayes Samuel | Tax withheld | 228 | $55.99 |
| 2025-02-28 | Igoe Paul Gerard | Option exercise | 862 | — |
| 2025-02-28 | Cristiano Christina | Option exercise | 1.0K | — |
| 2025-02-28 | Cristiano Christina | Tax withheld | 523 | $55.99 |
| 2025-02-28 | Saak Aaron W | Option exercise | 3.9K | — |
| 2025-02-28 | Saak Aaron W | Tax withheld | 1.1K | $55.99 |
| 2025-02-28 | Kartono Jennifer | Option exercise | 592 | — |
| 2025-02-28 | Kartono Jennifer | Tax withheld | 174 | $55.99 |
| 2025-02-07 | Keayes Samuel | Option exercise | 9.7K | — |
| 2025-02-07 | Keayes Samuel | Tax withheld | 4.6K | $64.09 |
| 2025-02-07 | Shardelow Bianca B. | Option exercise | 522 | — |
| 2025-02-07 | Shardelow Bianca B. | Tax withheld | 216 | $64.09 |
| 2025-02-07 | Cristiano Christina | Option exercise | 138 | — |
| 2025-02-07 | Cristiano Christina | Tax withheld | 71 | $64.09 |
| 2025-02-07 | Cristiano Christina | Option exercise | 2.1K | — |
| 2025-02-07 | Cristiano Christina | Tax withheld | 1.0K | $64.09 |
| 2025-02-07 | Keayes Samuel | Option exercise | 655 | — |
| 2025-02-07 | Keayes Samuel | Tax withheld | 308 | $64.09 |
| 2025-02-06 | Saak Aaron W | Option exercise | 5.6K | — |
| 2025-02-06 | Saak Aaron W | Tax withheld | 1.7K | $64.86 |
| 2025-02-06 | Shardelow Bianca B. | Option exercise | 445 | — |
| 2025-02-06 | Shardelow Bianca B. | Tax withheld | 185 | $64.86 |
| 2025-02-06 | Keayes Samuel | Option exercise | 626 | — |
| 2025-02-06 | Keayes Samuel | Tax withheld | 295 | $64.86 |
| 2025-02-06 | Cristiano Christina | Option exercise | 131 | — |
| 2025-02-06 | Cristiano Christina | Tax withheld | 67 | $64.86 |
| 2025-01-25 | Keayes Samuel | Option exercise | 691 | — |
| 2025-01-25 | Keayes Samuel | Tax withheld | 325 | $63.70 |
| 2025-01-25 | Cristiano Christina | Option exercise | 151 | — |
| 2025-01-25 | Cristiano Christina | Tax withheld | 86 | $63.70 |
| 2025-01-25 | Shardelow Bianca B. | Option exercise | 681 | — |
| 2025-01-25 | Shardelow Bianca B. | Tax withheld | 282 | $63.70 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- U.S. government
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-28 | 2026-05-21 | 0000025445-26-000023 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0000025445-26-000015 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0000025445-26-000017 ↗ |
| 8-K | 2026-03-12 | 2026-03-06 | 0000950103-26-003679 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0000025445-26-000009 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0000950103-26-002607 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0000025445-26-000005 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0000025445-25-000095 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0000025445-25-000093 ↗ |
| 8-K | 2025-09-18 | 2025-09-12 | 0000025445-25-000086 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0000025445-25-000081 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0000025445-25-000083 ↗ |