Carlisle Companies IncorporatedCSL
NYSE•Industrials•Building Products & Equipment
Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, and internationally. It operates through two segments, Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). The CCM segment offers single-ply roofing solutions, including ethylene propylene diene monomer, thermoplastic polyolefin, polyvinyl chloride membrane, polyiso insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings. Its CWT segment provides waterproofing and moisture protection products; protective roofing underlayment; fully integrated liquid and sheet applied air/vapor barriers; sealants/primers and flashing systems; roof coatings and mastics; spray polyurethane foam and coating systems for a range of thermal protection applications and other premium polyurethane products; block-molded expanded polystyrene insulation; engineered products for HVAC applications; and products for a variety of industrial and surfacing applications. The company sells its products under the Carlisle SynTec, Versico, WeatherBond, Hunter Panels, Resitrix, and Hertalan brands. The company was founded in 1917 and is headquartered in Scottsdale, Arizona.
Carlisle Companies Incorporated (CSL) reported trailing twelve months revenue of $4.98B as of March 2026, a 0.5% decline year-over-year. Quarterly revenue reached $1.05B, reflecting a contraction in sales.
Carlisle Companies Incorporated generated $725.10M in TTM net income, with quarterly EBITDA of $229.50M. The operating margin expanded from 16.8% to 17.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (17.1%) and net margin (12.1%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 13.1% a year ago, reflecting increased costs or interest expense.
CSL trades at a P/E of 18.3x (in line with broad market averages) and a P/S of 2.7x. The price-to-book ratio of 8.0x indicates a significant premium over book value.
The company reported negative free cash flow of $-73.00M, indicating cash consumption over the period. The balance sheet shows $5.99B in total assets with $2.88B in long-term debt against $1.65B in stockholders equity for a debt-to-equity ratio of 1.7. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~20.7% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 46.1% suggests a durable competitive advantage and efficient capital allocation.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 8.7% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Debt-to-equity has risen 99.9% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 13.7% — net buybacks are reducing shares outstanding and boosting per-share value.