Commercial Metals Company

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

CMCMixed9 of 11 basics passed

$63.89

+1.25%

Market cap $7.07B

$63.89

+1.25%

Market cap $7.07B

Commercial Metals Co is a manufacturer and supplier of early-stage construction materials, including steel reinforcing bars, concrete pipes, precast products, and soil stabilization solutions.

It is a $7.07B industrial company. Revenue grew 15.2% over the last year, it keeps 5¢ of every dollar of sales as profit, and its net debt equals ~0.7 years of free cash flow. It trades at 11.9× earnings — around the middle of its own history.

Website: cmc.com
Location: Irving, TX
Employees: 12 690
Sector: Industrials
Next earnings: Oct 15, 2026 · in 3d

Share price · 3 years

$48.82 → $63.89+30.9%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $8.85B
Profit: keeps 5¢ of every $1 sold; $443M
Free cash flow: cash left after running the business; $405M
Net debt: debt minus cash on hand; $267M
P/E: years of profit in the price; 11.9
EPS: earnings per share, TTM; $3.89
Dividend: pays out 14% of profit · 20% of FCF; 1.16%
Shares: down 18% since 2018 — buybacks; 114.1M
Volatility: beta vs the market — under 1 swings less; 1.57

Revenue, last 10 years

52-week range

Low $55.35$63.89High $83.21

Today's price is 31% of the way from the year's low to its high.

P/E vs its history5y

11.9×median 11.4×

Higher than 53% of past days — around the middle of its own history.

Valuation vs own history

P/E

11.9×

46%

P/S

0.8×

28%

EV/EBITDA

11.9×

27%

P/B

1.6×

54%

FCF yield

5.7%

40%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Earnings

Next report Oct 15, 2026

Insider activity · 90 days

+$100.0Knet buying

Purchases$100.0K

Sales$0

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$7.07Btop 91%
Revenue growth-4%top 88%
Net margin7%top 69%
Return on equity14%top 70%
P/E11.9×top 7%
Dividend yield1.16%top 48%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation and quality; Profitability and Moat lag behind.

Valuation77

P/E vs own history53th pct · 12/25
FCF yield5.7% · 20/25
P/S0.8x · 25/25
EV/EBITDA12.2x · 20/25

Growth56

Revenue CAGR3.8% · 6/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Y32.9% · 25/25
Fwd implied growth33.1% · 25/25

Profitability37

ROICn/a · 0/25
ROE13.7% · 12/25
Net margin5.0% · 13/25
Operating margin9.0% · 12/25

Health55

Altman Zn/a · 0/25
Current ratio2.33 · 25/25
Interest coverage3.4x · 10/25
Net cash / debtD/A 4% · 20/25

Quality77

Piotroski F3/9 · 5/25
Beneish M-2.89 · 25/25
FCF conversion91% · 22/25
Margin stabilityσ 4.3% · 25/25

Moat28

ROIC >12% years4/10 yrs · 6/25
Median gross margin16.0% · 0/25
FCF-positive years7/10 yrs · 10/25
Worst-year net marginworst 1.0% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Q3 2026Insiders
2 open-market insider purchases
~10K shares bought by insiders
FY2022Financial
Best year on record
$1.22B net income
FY2020Financial
Positive free cash flow every year since
6-year streak
FY2016Financial
Profitable every year on record
9 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$4.61B in first reported year

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$20 723 today — price return only

$7.8B revenue in FY2025

Revenue up 15.2% year over year

Positive free cash flow 6 years in a row

12 690 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 15.2% year over year

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+15.2% YoY
Profitable — makes more than it spends$443M TTM
Profit growing — earnings are higher than last year-57.9% YoY
Generates cash — cash left after running and investing$405M TTM
Debt under control — could handle its obligations~0.7y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$7.07B market cap
Not printing shares — share count not ballooning — you keep your slice-18.4% shares over ~5y
Proven track record — years of profitability behind it9/10 profitable years
Financially stable — balance sheet not near distresshealth score 35/100
Pays a dividend — returns cash to shareholdersyield 1.16%
Valuation not extreme — price not wildly above earningsP/E 11.9

Peer comparisonCommercial Metals Company vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
CMC this company	$7.1B	11.9	+15.2%	5.0%	Mixed
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: CMC vs LRCX · CMC vs CAT · CMC vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 8Hold 6

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $8.85B · net income $443M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$8.85B

YoY 15.2%

Net income (TTM)

$443M

Margin 5.0%

Gross margin

18.6%

Operating margin

9.0%

P/E ratio

11.9

Dividend yield

1.16%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	5.5	6.7	8.9	8.8	7.9	7.8
Gross profit	0.9	1.1	1.9	1.8	1.4	1.2
Operating income (EBIT)	0.4	0.5	1.5	1.1	0.6	0.5
Net income	0.3	0.4	1.2	0.9	0.5	—
EPS (diluted)	2.00	3.38	9.00	7.25	4.14	—

Cash flowFree cash flow $405M · operating cash flow $918M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$405M

Margin 4.6%

Operating cash flow (TTM)

$918M

FCF margin

4.6%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.8	0.2	0.7	1.3	0.9	0.7
Capital expenditure	-0.2	-0.2	-0.4	-0.6	-0.3	-0.4
Free cash flow	0.6	0.0	0.3	0.7	0.6	0.3
FCF margin	11.0%	0.7%	2.8%	8.4%	7.3%	4.0%

Balance sheetAssets $7.17B · net debt $267M (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $7.17B of assets is financed

42%

58%

Liabilities $2.98B — borrowed moneyEquity $4.19B — owners' stake

Cash vs debt

Total debt $1.31B − cash $1.04B = net debt $267M

Cash on hand covers 80% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

3.4x

EBIT ÷ interest expense

ROE

13.7%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.5	0.5	0.7	0.6	0.9	1.0
Total assets	4.1	4.6	6.2	6.6	6.8	7.2
Total liabilities	2.2	2.3	3.0	2.5	2.5	3.0
Total debt	1.1	1.0	1.1	1.1	1.2	1.3
Equity	1.9	2.3	3.3	4.1	4.3	4.2
Net debt	0.5	0.5	0.4	0.5	0.3	0.3

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Deeper analysis of CMC on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $63.89 · market cap $7.07B.