Pricing Log in Create free account
Friday 6 November 2026 Export CMC’s income statement to Excel — free account

Commercial Metals Company

CMC Industrials Metal Fabrication

Commercial Metals Company’s revenue for fiscal 2026 (year ended August 2026) was $9.4 billion, up 20.5% from fiscal 2025.

Revenue
+25.7%
EPS
+41.2%
Free cash flow
+38.7%
Total debt
+149.6%

Quarter to August 2026, against a year earlier

62.55 3.91 −5.88%
Market cap
$6.8B
P/E
10.6×
Fwd P/E
9.7×
Dividend yield
1.25%
F-score
6/9
Altman Z
2.95
Beneish M
−2.12
Dividend safety
78/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2026

  • Steel products
  • Downstream products
  • Raw materials
  • Precast products
  • Other
  • Construction products
  • Ground stabilization solutions

Every year since 2009 →

Insider Decisions last twelve months

Bought, $m 0.75
Sold, $m 2.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — 1 — — — — — 1 1 — — —
Sell — — 1 — — — — — — — — —
Insider Ownership 1.80%

Capital & Financial Ratios $m

Size
Market Cap 6,840.00
Revenue ttm 9,393.90
Net income ttm 655.85
Free cash flow ttm 490.37
Net debt Q 2,602.03
Valuation
P/E 10.57
Forward P/E 9.66
Price / sales 0.74
Forward P/S Powerpack
Price / FCF 14.14
Price / book 1.48
Financial health
Current ratio Q 2.34 (at or above 1.5: strong)
Debt / equity Q 0.72
Interest coverage Q 7.25
Growth
Revenue growth Q +25.72% (above 0%: growing)
Operating income growth Q +26.61% (above 0%: growing)
EPS, this year +0.97%
EPS, next year A −3.38% (below 0%: weak)
Revenue, next year A +10.28% (at or above 10%: strong)
EPS, past 5 yrs +11.63%
EPS, next 5 yrs A −2.74% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 0.7×; over the ten years it ranged from 0.5× in 2016 to 1.3× in 2026.
P/E against its own 10 years 37.66%
10-year low 10-year high
P/S against its own 10 years 77.78%
10-year low 10-year high
P/B against its own 10 years 43.27%
10-year low 10-year high
EV/Sales against its own 10 years 91.93%
10-year low 10-year high
EV/FCF against its own 10 years 73.81%
10-year low 10-year high

Dividends raised 6 years running

Yield
1.25%
Annual rate
0.78
Payout ratio
13.3%
Growth, 2018–26
+6.26%/yr
  1. 0.48 ’18
  2. 0.48 ’19 +0
  3. 0.48 ’20 +0
  4. 0.50 ’21 +4
  5. 0.58 ’22 +16
  6. 0.64 ’23 +10
  7. 0.70 ’24 +9
  8. 0.72 ’25 +3
  9. 0.78 ’26 +8
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 592 858 1,046 779
Receivables 1,240 1,159 1,202 1,572
Inventory 1,036 972 934 1,105
Other 276 304 313 352
3,144 3,293 3,495 3,808
2023 2024 2025 2026
Payables 364 351 358 541
ST’ Debt 41 39 44 67
Other — — — —
844 835 1,259 1,628

Compound Annual Growth %

10y 5y 3y
Sales 10.08% 6.90% 2.20%
Cash Flow 6.08% 35.90% (7.64%)
Earnings 28.18% 9.70% (8.63%)
Book Value 13.13% 15.40% 4.46%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 1.97 Actual 2.09

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 1.55 1.84 Beat by 0.29
Q2 FY26 1.28 1.16 Miss by 0.12
Q3 FY26 1.60 1.73 Beat by 0.13
Q4 FY26 1.97 2.09 Beat by 0.12
Q1 FY27 1.56 — Reports 14 January 2027

EPS $

Nov Feb May Aug Year
’26 — — — — —
’26 1.58 0.83 1.55 1.91 5.86
’25 (1.54) 0.22 0.73 1.35 0.74
’24 1.49 0.73 1.02 0.90 4.14
’23 2.20 1.51 1.98 1.56 7.25
’22 1.90 3.12 2.54 2.40 9.95
’21 0.53 0.55 1.07 1.24 3.38
Fiscal quarters ending in the months shown.

Revenue $m

Nov Feb May Aug Year
’26 — — — — —
’26 2,120 2,132 2,483 2,658 9,394
’25 1,910 1,754 2,020 2,115 7,798
’24 2,003 1,848 2,078 1,996 7,926
’23 2,227 2,018 2,345 2,209 8,800
’22 1,982 2,009 2,516 2,407 8,913
’21 1,392 1,462 1,845 2,031 6,730
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 204 166 233 456 1,059
’25 213 32 154 315 715
’24 261 89 198 352 900
’23 372 187 376 409 1,344
’22 26 29 187 459 700
’21 (12) 13 93 134 228
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 79 45 79 287 490
’25 100 (54) 65 207 318
’24 194 (4) 115 271 576
’23 239 30 225 244 738
’22 (43) 215 90 303 565
’21 (49) (18) 59 78 71
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 6.6% a year for ten years.

Implied
6.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to August

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 3,844 4,644 5,829 5,476 6,730 8,913 8,800 7,926 7,798 9,394 +10.4% 10,360 10,609 10,755 +4.6%
Gross margin, % 13.56 13.40 13.78 17.25 16.43 20.83 20.59 17.14 15.65 18.65 +5.1 pt
EBT 65 165 268 371 534 1,515 1,122 636 108 711 +30.3%
EBT margin, % 1.70 3.56 4.61 6.77 7.94 17.00 12.75 8.02 1.38 7.57 +5.9 pt
Net income 46 139 198 280 413 1,217 860 485 85 656 +34.2%
Per share, $
Per share, $ Revenue 33.24 39.75 49.47 46.05 55.92 73.88 75.16 68.42 69.02 84.74 +11.0%
Earnings 0.40 1.19 1.68 2.35 3.43 10.09 7.34 4.19 0.75 5.92 +34.9%
Cash flow (4.52) (3.71) 0.31 6.65 1.90 5.80 11.48 7.77 6.33 9.55 n/m
Capex (1.82) (1.43) (1.14) (1.48) (1.31) (1.12) (5.17) (2.79) (3.51) (5.13) +12.2%
Free cash flow (6.34) (5.14) (0.83) 5.18 0.59 4.69 6.31 4.97 2.81 4.42 n/m
Book value 12.11 12.79 13.78 15.89 19.07 27.24 35.20 37.12 37.11 42.37 +14.9%
Shares, m 116 117 118 119 120 121 117 116 113 111 (0.5%)
Valuation, ×
Valuation, × P/E 47.23 18.15 8.96 8.88 9.51 4.01 7.67 12.16 73.35 11.40 20.1
P/S 0.57 0.54 0.30 0.45 0.58 0.55 0.75 0.74 0.83 0.80 0.6
P/B 1.56 1.69 1.09 1.31 1.71 1.49 1.60 1.37 1.54 1.59 1.5
EV/Sales 0.72 0.66 0.49 0.55 0.67 0.64 0.81 0.79 0.87 1.07 0.7
EV/FCF (3.76) (5.09) (28.87) 4.91 63.58 10.11 9.69 10.82 21.30 20.56 10.3
Cash, $m
Cash, $m Operating cash flow (523) (434) 37 791 228 700 1,344 900 715 1,059 n/m
Capex (210) (167) (135) (176) (158) (135) (606) (324) (397) (569) +11.7%
Free cash flow (733) (600) (98) 615 71 565 738 576 318 490 n/m
Balance, $m
Balance, $m Working capital 1,105 1,535 1,385 1,469 1,756 2,084 2,300 2,458 2,236 2,180 +7.8%
Net debt 572 536 1,052 542 572 829 562 332 308 2,602 +18.3%
Shareholders’ equity 1,401 1,494 1,624 1,889 2,295 3,286 4,121 4,300 4,193 4,697 +14.4%
Returns, %
Returns, % ROA 1.52 4.39 5.59 7.13 9.47 22.38 13.35 7.22 1.21 7.53 +6.0 pt
ROIC 3.53 6.80 7.95 11.21 13.10 19.91 15.56 9.31 7.22 7.45 +3.9 pt
ROE 3.35 9.57 12.71 15.91 19.73 43.62 23.21 11.53 1.99 14.75 +11.4 pt
People
People Employees 8,797 8,900 11,524 11,297 11,089 12,483 13,022 13,178 12,690 13,670 +5.0%
Revenue/emp, $m 0.44 0.52 0.51 0.48 0.61 0.71 0.68 0.60 0.61 0.69 +5.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Aug 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Commercial Metals Company, or CMC, supplies materials and services used in the early stages of construction. Founded in 1915, the company is headquartered in Irving, Texas, and led by President and Chief Executive Officer Peter R. Matt.

CMC recycles scrap metal, melts it into steel and makes products such as reinforcing bar, or rebar, which strengthens concrete. It also cuts and bends rebar to the shapes needed for individual projects. Customers use these materials in buildings, highways, bridges, power plants and other structures.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by products and services, and margins
Steel products 3,733 39.74%
Downstream products 2,480 26.40%
Raw materials 1,686 17.95%
Precast products 502 5.34%
Other 350 3.72%
Construction products 337 3.59%
Ground stabilization solutions 306 3.26%
Gross margin 18.65%
Operating margin 9.26%
Pre-tax margin 7.57%

Revenue by segment since 2009

Commercial Metals Company vs peers in Metal Fabrication (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ATI ATI Inc. $22.9B 41.3× 34.0× +26.49% (above 0%: growing) +77.54% (above 0%: growing) −59.00% (below 0%: shrinking) 26.71% 19.10% Compare
CRS Carpenter Technology Corporation $13.8B 24.6× 20.9× +8.79% (above 0%: growing) +33.06% (above 0%: growing) −629.41% (below 0%: shrinking) 32.11% 24.61% Compare
MLI Mueller Industries, Inc. $11.4B 13.2× 13.4× +31.62% (above 0%: growing) +6.81% (above 0%: growing) +1.90% (above 0%: growing) 25.48% 19.85% Compare
CMC Commercial Metals Company $6.8B 10.6× 9.7× +25.72% (above 0%: growing) +41.18% (above 0%: growing) +38.70% (above 0%: growing) 18.87% 10.18%
ESAB ESAB Corporation $4.9B 31.1× 18.2× +13.28% (above 0%: growing) −28.06% (below 0%: shrinking) −22.04% (below 0%: shrinking) 39.25% 11.15% Compare
GPGI CompoSecure, Inc. $4.0B — (loss-making) 15.1× −100.00% (below 0%: shrinking) n/m 0.00% 0.00% 0.00% Compare
WOR Worthington Enterprises, Inc. $3.0B 18.2× 16.3× +13.23% (above 0%: growing) +23.94% (above 0%: growing) +97.40% (above 0%: growing) 26.43% 3.79% Compare
PRLB Proto Labs, Inc. $1.5B 43.3× 47.5× +14.00% (above 0%: growing) +63.33% (above 0%: growing) −34.32% (below 0%: shrinking) 44.49% 9.36% Compare
RYZ Ryerson Holding Corporation $1.4B — (loss-making) — (loss-making) +87.50% (above 0%: growing) n/m −378.17% (below 0%: shrinking) 17.16% 2.36% Compare
Median of peers $4.4B 27.8× 18.2× +13.64% +28.50% −28.18% 26.57% 10.26%

All 18 Metal Fabrication stocks →

From the latest earnings call

Updated

  • CEO Peter Matt said residential softness weighed on precast results, while nonresidential and infrastructure work supported the business’s backlog.
  • CFO Paul Lawrence said improved pricing and a richer product mix lifted North American steel margins, while the downstream backlog grew year over year.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 93.73%
Held by the ten largest 54.36%
Holder Shares Stake Change
BlackRock 15.22m 13.76% +458.19k
Vanguard 11.78m 10.65% +141.05k
State Street 6.92m 6.25% −352.89k
Dimensional Fund Advisors 6.73m 6.09% +106.41k
Fidelity (FMR) 6.06m 5.48% +1.09m
Boston Partners 3.74m 3.38% +157.13k
Geode Capital Management 3.07m 2.78% −289.86k
Invesco 2.48m 2.24% +399.88k
Franklin Templeton 2.11m 1.91% −54.42k
Victory Capital 2.02m 1.82% −113.09k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 25 November 2025

Ownership

Directors and executive officers, together less than 1%
50 Hudson Yards New York, NY 12.30%
100 Vanguard Blvd. Malvern, PA 11.40%
6300 Bee Cave Road, Building One Austin, TX 6.90%
One Congress Street, Suite 5.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Commercial Metals Company (CMC) Latest News

19 Oct

Impact 4 · · The Motley Fool

17 Oct

Impact 4 · · Simply Wall St.

16 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Zacks
Impact 4 · · InvestorsHub
Impact 4 · · Investing.com
Impact 4 · · PR Newswire
Impact 3 · · Associated Press
Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

18 Sep

Impact 4 ·

31 Aug

Impact 3 ·

25 Aug

Impact 3 ·

17 Aug

Impact 3 ·

5 Aug

Impact 4 · · MarketBeat
Impact 4 ·
Impact 3 ·
Impact 3 ·

4 Aug

Impact 3 ·

29 Jun

Impact 3 ·

26 Jun

Impact 4 ·
Impact 3 ·
Impact 3 · · Moby transcript

25 Jun

Impact 4 · · GuruFocus.com
Impact 4 · · PR Newswire
Impact 3 · · Zacks
Impact 3 · · Zacks

CMC metrics, ten years each

stockrow.com/CMC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com