CSL
Carlisle Companies Incorporated
CSL's fundamentals are mixed: it turned 14% of its revenue into free cash flow, but its operating margin fell 1 points to 19%. At 22x earnings, it's trading above its usual 20x. Analysts expect strong earnings growth.
CSL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
CSL's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
CSL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $258 | -34% |
| Forward | 17x | $393 | — |
| Fair | 20x | $351 | -11% |
| Current | 22x | $393 | — |
| Expensive | 26x | $459 | +17% |
Historical ranges are pointers, not guarantees.
CSL's PE is in its expensive range at 22x. If earnings grow as analysts expect, today's price would be 17x next year's earnings, in its cheap range.
CSL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CSL, with profitability improving.
CSL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $23.69 | +34% |
| Q3 2026 | $17.70 | -0.7% |
| Q2 2026 | $17.44 | -3.6% |
| Q1 2026 | $17.02 | -37% |
| Q4 2025 | $17.12 | -38% |
| Q3 2025 | $17.82 | -37% |
| Q2 2025 | $18.09 | -36% |
| Q1 2025 | $27.05 | +57% |
| Q4 2024 | $27.82 | +83% |
CSL's earnings per share have fallen from their peak: $17.70 over the past year, against $28.30 in mid-2024.
CSL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +8.6% |
| Q2 2026 | $1.6B | +8.3% |
| Q1 2026 | $1.1B | -4% |
| Q4 2025 | $1.1B | +0.4% |
| Q3 2025 | $1.3B | +1% |
| Q2 2025 | $1.4B | -0.1% |
| Q1 2025 | $1.1B | -0.1% |
| Q4 2024 | $1.1B | -0.4% |
CSL's revenue is recovering but still below its 2022 peak: $1.5B last quarter, up 8.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -1.8 points |
| Q2 2026 | 22% | -0.7 points |
| Q1 2026 | 17% | +0.4 points |
| Q4 2025 | 17% | -3.1 points |
| Q3 2025 | 22% | -1.9 points |
| Q2 2025 | 23% | -2.9 points |
| Q1 2025 | 17% | -3.8 points |
| Q4 2024 | 20% | -2.5 points |
CSL's operating margin was 20% last quarter, down 1.8 points from the same quarter a year ago.
CSL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $277.3M | -30% |
| Q2 2026 | $200.1M | -23% |
| Q1 2026 | -$73M | -$45.8M |
| Q4 2025 | $346.1M | +3.6% |
| Q3 2025 | $393.4M | +34% |
| Q2 2025 | $258.3M | +63% |
| Q1 2025 | -$27.2M | -121% |
| Q4 2024 | $334M | -5.4% |
CSL still generates free cash flow, though less than at its 2023 peak: $751M over the past year.
CSL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.2% | -900K shares |
| 1 year | -7.7% | -3.3M shares |
| 3 years | -21% | -10.5M shares |
| 5 years | -25% | -13.4M shares |
| Available history | -31% | -17.9M shares |
CSL has 40M diluted shares, down 7.7% from a year ago, with $1.1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $350M |
| Q2 2026 | $250M |
| Q1 2026 | $250M |
| Q4 2025 | $300M |
| Q3 2025 | $300M |
| Q2 2025 | $300M |
| Q1 2025 | $400M |
| Q4 2024 | $419.8M |
CSL spent $1.1B buying back its own shares over the past year, down 19% from the year before.
CSL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 0.9x | Very low |
CSL's net debt is about 1.9 years of its operating earnings (EBITDA), up from 1.4 years a year ago.
CSL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.2 | Neutral |
| Stochastic | 76.1 | Neutral |
CSL's weekly RSI is 61 (neutral) and its Stochastic is 76 (neutral).
CSL PE vs Industrials Sector
| Metric | CSL | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 24x | 7.7% below |
| PE % | 67 | 58 | 9 pts above |
CSL is trading at 22x earnings, in line with the Industrials sector's median of 24x.
CSL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $350.0 | 12% above |
| 20 week MA | $351.1 | 12% above |
| 50 week MA | $352.1 | 11% above |
| 100 week MA | $357.0 | 10% above |
| 200 week MA | $341.9 | 15% above |
CSL is in an uptrend: it's above all five of its weekly moving averages, and 15% above its 200-week average.
CSL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $163.0 | $157.4 | -3.5% |
| 2021 | $157.4 | $240.8 | +53% |
| 2022 | $240.8 | $237.9 | -1.2% |
| 2023 | $237.9 | $312.4 | +31% |
| 2024 | $312.4 | $372.0 | +19% |
| 2025 | $372.0 | $330.3 | -11% |
| 2026 YTD | $330.3 | $392.6 | +19% |
CSL has finished lower in three of the last six years. It's up 19% so far in 2026.