{
 "company": "Carpenter Technology Corporation",
 "ticker": "CRS",
 "sector": "Steel",
 "fiscalYearEnd": null,
 "revenueUsdM": 2877.1,
 "normalizedSga": {
  "pctRevenue": 7.55,
  "peerCount": 8,
  "peerMedianPctRevenue": 8.1,
  "peerLeanQuartilePctRevenue": 4.2,
  "peers": [
   {
    "ticker": "STLD",
    "name": "Steel Dynamics, Inc.",
    "normalizedSgaPctRevenue": 4.21
   },
   {
    "ticker": "MTUS",
    "name": "Metallus Inc.",
    "normalizedSgaPctRevenue": 8.12
   },
   {
    "ticker": "NUE",
    "name": "Nucor Corporation",
    "normalizedSgaPctRevenue": 3.75
   },
   {
    "ticker": "RS",
    "name": "Reliance Steel & Aluminum Co.",
    "normalizedSgaPctRevenue": 19.64
   },
   {
    "ticker": "CMC",
    "name": "Commercial Metals Company",
    "normalizedSgaPctRevenue": 8.84
   },
   {
    "ticker": "WS",
    "name": "Worthington Steel, Inc.",
    "normalizedSgaPctRevenue": 7.45
   },
   {
    "ticker": "FRD",
    "name": "Friedman Industries, Incorporated",
    "normalizedSgaPctRevenue": 13.37
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "research_dev",
   "label": "R&D",
   "pctRevenue": 0.91,
   "companiesDisclosing": 1,
   "peersDisclosing": [],
   "note": "R&D in this cohort is product engineering and varies by design. Not where the overhead question lives."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.79,
   "companiesDisclosing": 6,
   "peersDisclosing": [
    {
     "ticker": "STLD",
     "pctRevenue": 0.38
    },
    {
     "ticker": "MTUS",
     "pctRevenue": 1.27
    },
    {
     "ticker": "NUE",
     "pctRevenue": 0.41
    },
    {
     "ticker": "RS",
     "pctRevenue": 0.39
    },
    {
     "ticker": "CMC",
     "pctRevenue": 0.47
    }
   ],
   "note": "Above the peer median; equity compensation adds to the overhead load."
  }
 ],
 "gapToPeers": null,
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 160,
   "peerTsrPct": 13,
   "driverPp": {
    "Revenue growth": 6.4,
    "Gross margin": 63.7,
    "SG&A": 26.1,
    "Multiple": 50,
    "Other": 0.4
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/CRS",
  "json": "https://sgabenchmarking.com/r/CRS.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}