Carlisle Companies Incorporated CSL

IndustrialsHomebuilding & Construction SuppliesUnited States of America

Last close 376.31 USD on Nov 1, 2026, +18.8% year to date

Quant rating

Quant rating B Rank 128 of 486 in Industrials

Growth D 352 of 486
Valuation B 185 of 486
Quality A 64 of 486
Revisions C 290 of 486
Momentum B 117 of 486

Wall Street consensus Buy (2.29)Average target 398.13 USD +5.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 14.5B
Enterprise value: 16.9B
52-week range: 293.56 – 432.51
3-year range: 255.89 – 480.93
Dividend yield: 1.33%
Beta (5 years): 0.80
Shares outstanding: 38.6M
Next earnings: Feb 3, 2027

About the company

Carlisle Companies Incorporated is a manufacturer and supplier of building envelope products and solutions that enable energy efficiency in buildings. Its segments include Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). The CCM segment produces a complete line of energy-efficient single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer (EPDM), thermoplastic polyolefin (TPO) and polyvinyl chloride (PVC) membrane, polyisocyanurate (polyiso) insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings. CWT segment produces building envelope solutions that drive energy efficiency and sustainability in commercial and residential applications. Its products include waterproofing and moisture protection products, protective roofing underlayments, fully integrated liquid and sheet applied air/vapor barriers and others.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	5,020	5,004	4,587	5,449	3,837	–
Revenue growth	0.3%	9.1%	−15.8%	42.0%	−3.4%	4.8%
EPS (basic, normalized)	19.40	20.20	15.52	20.01	9.44	–
EPS growth	−4.0%	30.2%	−22.4%	112.0%	–	–
Gross margin	35.7%	37.7%	35.6%	34.2%	28.6%	34.4%
Net margin	14.8%	17.2%	15.6%	15.7%	10.0%	14.7%
ROE	34.9%	32.7%	24.6%	30.4%	14.9%	27.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	547
Current ratio	2.40x
Long-term debt (mil)	2,887
Net debt (mil)	2,341
Total equity (mil)	1,438
Net debt / equity	1.63x
Net debt / EBITDA	1.91x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	5,020	+0.3%	3.4x	1,225	−8.5%	13.8x	19.40	−4.0%	19.4x
2026	5,301	+5.6%	3.2x	1,266	+3.3%	13.3x	21.07	+8.6%	17.9x
2027	5,577	+5.2%	3.0x	1,374	+8.5%	12.3x	23.94	+13.6%	15.7x
2028	5,840	+4.7%	2.9x	1,476	+7.5%	11.4x	27.26	+13.9%	13.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	5,301	+0.7%	+1.2%	+3.0%	21.07	−0.5%	+0.8%	+1.6%
2027	5,577	+0.9%	+1.5%	+3.8%	23.94	−0.3%	+0.2%	+2.1%
2028	5,840	+0.3%	+2.3%	+4.4%	27.26	−0.8%	−0.1%	+2.4%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,096	1,451	1,334	1,123	1,096	1,450	1,347	1,128	1,052	1,570
Sales mean (mil)	996	1,449	1,379	1,155	1,089	1,493	1,328	1,109	1,062	1,476
Surprise	+10.1%	+0.1%	−3.3%	−2.8%	+0.6%	−2.9%	+1.4%	+1.7%	−0.9%	+6.4%
EPS reported	3.72	6.24	5.78	4.47	3.61	6.27	5.61	3.90	3.63	7.03
EPS mean	2.82	5.97	5.82	4.42	3.42	6.64	5.42	3.58	3.33	6.35
Surprise	+31.9%	+4.6%	−0.7%	+1.1%	+5.7%	−5.6%	+3.5%	+8.9%	+8.9%	+10.6%

Peer comparison Homebuilding & Construction Supplies

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CSL Carlisle Companies Incorporated	14.5B	1.91x	14.8%	10.15x	17.9x	15.7x	13.3x	12.3x
FERG Ferguson Enterprises Inc.	46.2B	1.38x	6.1%	7.45x	20.9x	18.9x	14.3x	13.4x
MAS Masco Corporation	15.5B	2.04x	10.7%	−34.63x	17.1x	17.2x	11.7x	12.0x
QXO QXO, Inc.	11.5B	9.98x	−5.7%	0.65x	47.0x	20.2x	15.0x	8.9x
WMS Advanced Drainage Systems Inc	10.2B	1.69x	14.0%	5.18x	21.1x	18.1x	11.3x	10.4x
AYI Acuity Inc.	9.4B	0.07x	11.4%	3.20x	14.9x	13.7x	10.2x	9.5x
Mean		2.84x	8.6%	−1.33x	23.2x	17.3x	12.6x	11.1x
Median		1.80x	11.1%	4.19x	19.4x	17.6x	12.5x	11.2x

Technical analysis

1M+15.3%
3M+8.6%
1Y+12.0%
3Y+56.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Carlisle Companies Incorporated, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	5,020	5,004	4,587	5,449	3,837	3,970
Cost of revenue	3,227	3,116	2,953	3,583	2,741	2,820
Gross profit	1,793	1,888	1,634	1,866	1,096	1,150
Selling, general & administrative expenses	745	723	625	624	508	597
Research & development	47.1	35.4	28.7	19.0	16.4	45.1
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	–	–	27.8
Other operating expenses	−2.4	−13.6	−2.5	18.7	−2.1	0.6
Operating income	1,002	1,143	983	1,205	573	479
Net interest income (expense)	−52.6	−13.0	−55.5	−79.1	−79.1	−71.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−1.1	−19.2	3.1	−2.0	−4.4	−2.9
Net income before taxes	949	1,111	930	1,124	490	404
Provision for taxes	206	246	212	266	104	78.5
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	742	865	719	858	386	326
Extraordinary items	−1.8	447	48.5	66.0	36.1	−5.6
Net income	741	1,312	767	924	422	320
EBIT, normalized	1,027	1,184	999	1,235	608	517
EBITDA, normalized	1,224	1,357	1,203	1,486	834	741
Basic EPS, normalized	19.40	20.20	15.52	20.01	9.44	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Carlisle Companies Incorporated, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1,112	754	577	400	324	902
Receivables	594	580	615	920	887	697
Total inventory	447	473	362	749	605	504
Prepaid expenses	28.5	26.9	21.2	35.6	49.9	37.0
Other current assets	95.7	93.5	1,833	141	285	69.4
Total current assets	2,277	1,926	3,408	2,245	2,151	2,209
Property, plant & equipment	937	833	706	891	841	845
Goodwill	1,539	1,478	1,202	2,201	2,199	1,738
Intangibles	1,426	1,505	1,253	1,837	2,009	1,035
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	84.5	74.0	50.9	48.1	46.9	39.5
Total assets	6,263	5,817	6,620	7,222	7,247	5,866
Liabilities
Accounts payable	233	261	246	370	432	318
Payable/accrued	–	–	–	–	–	–
Accrued expenses	355	318	273	352	332	280
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	3.2	403	302	352	1.1
Other current liabilities	148	83.6	265	53.8	53.3	47.3
Total current liabilities	736	666	1,186	1,078	1,170	646
Long-term debt	2,882	1,887	1,887	2,282	2,575	2,080
Minority interest	–	–	–	–	–	–
Other liabilities	850	800	718	838	872	602
Total liabilities	4,468	3,353	3,791	4,198	4,617	3,329
Shareholders' equity
Preferred stock	–	0	0	0	0	0
Common stock	78.7	78.7	78.7	78.7	78.7	78.7
Additional paid-in capital	604	589	554	513	482	442
Retained earnings (accumulated deficit)	7,332	6,773	5,634	5,027	4,238	3,929
Treasury stock	−6,149	−4,867	−3,326	−2,436	−2,063	−1,814
Other equity	−70.0	−110	−111	−158	−105	−97.0
Total equity	1,795	2,463	2,829	3,024	2,630	2,538
Total liabilities & shareholders' equity	6,263	5,817	6,620	7,222	7,247	5,866

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Carlisle Companies Incorporated, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	741	1,312	767	924	422	320
Depreciation, depletion & amortization	196	173	205	251	226	224
Deferred taxes	11.1	−60.1	−71.7	−33.3	−5.4	−27.0
Non-cash items	79.8	−368	182	98.3	69.2	88.7
Changes in working capital	73.7	−25.7	119	−239	−290	90.7
Cash from operations	1,102	1,030	1,201	1,001	422	697
Investing activities
Capital expenditures	−131	−113	−142	−184	−135	−95.5
Other investing cash flows	−109	1,343	495	122	−1,352	−27.1
Cash from investing	−240	1,230	352	−61.1	−1,486	−123
Financing activities
Financing cash flow items	−33.9	−32.1	−15.1	−18.0	−12.3	−33.4
Cash dividends paid	−181	−172	−160	−134	−112	−112
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−289	−1,906	−1,174	−710	613	121
Cash from financing	−504	−2,110	−1,350	−862	488	−24.7
Foreign exchange effects	0.9	−1.7	1.5	−2.2	−1.2	1.6
Net change in cash	359	148	206	75.6	−578	551
Free cash flow	971	917	1,059	817	287	601

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.