Friday 6 November 2026
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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%
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Commercial Metals Company (CMC) revenue by segment, product and region
Where the money comes from and where it goes
| 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 product or service $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Steel products | 3,733 39.74% | 3,291 42.21% | 3,237 40.84% | 3,846 43.70% | 4,180 46.89% | 3,099 46.04% | 2,286 41.73% | 2,410 41.34% | 1,810 38.98% | 2,584 67.23% | 2,620 72.87% |
| Downstream products | 2,480 26.40% | 2,287 29.33% | 2,497 31.50% | 2,730 31.02% | 2,540 28.50% | 2,006 29.81% | 2,062 37.66% | 2,071 35.53% | 1,303 28.06% | — | — |
| Raw materials | 1,686 17.95% | 1,329 17.04% | 1,330 16.78% | 1,345 15.29% | 1,544 17.32% | 1,183 17.58% | 728 13.30% | 966 16.58% | 1,181 25.44% | — | — |
| Precast products | 502 5.34% | — | — | — | — | — | — | — | — | — | — |
| Other | 350 3.72% | 326 4.17% | 321 4.05% | 290 3.29% | 227 2.55% | 152 2.26% | 125 2.27% | 382 6.55% | 349 7.53% | 111 2.89% | 110 3.06% |
| Construction products | 337 3.59% | 304 3.90% | 290 3.66% | 333 3.78% | 322 3.62% | — | — | — | — | — | — |
| Ground stabilization solutions | 306 3.26% | 262 3.36% | 251 3.17% | 256 2.91% | 100 1.12% | — | — | — | — | — | — |
| Construction Related Solutions | — | — | — | — | — | 290 4.30% | 276 5.04% | — | — | — | — |
| Nonferrous Scrap | — | — | — | — | — | — | — | — | — | 506 13.17% | 365 10.14% |
| Ferrous Scrap | — | — | — | — | — | — | — | — | — | 413 10.76% | 266 7.41% |
| Construction Materials | — | — | — | — | — | — | — | — | — | 229 5.95% | 235 6.52% |
| Revenue | 9,394 | 7,798 | 7,926 | 8,800 | 8,913 | 6,730 | 5,476 | 5,829 | 4,644 | 3,844 | 3,596 |
Revenue by segment $m
| Line | FY2026 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Reportable Segments Total | 9,484 100.95% | 7,985 100.75% | 8,874 100.84% | — |
| Also reported: a second breakdown of the same revenue | ||||
| North America Steel Group | 6,998 74.50% | 6,310 79.61% | 6,704 76.19% | 6,798 76.27% |
| Construction Solutions Group | 1,339 14.25% | 717 9.05% | 722 8.20% | 526 5.90% |
| Europe Steel Group | 1,020 10.86% | 849 10.71% | 1,329 15.10% | 1,592 17.86% |
| Corporate and Other | 37 0.39% | 50 0.63% | 45 0.51% | (3) (0.03%) |
| Revenue | 9,394 | 7,926 | 8,800 | 8,913 |
Gross profit by segment $m, and margin
Revenue by region $m
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | — | — | — | — | — | 5,671 84.27% | 4,770 87.10% | 5,001 85.80% | 3,738 80.51% | 3,015 78.45% | — | — | — | — |
| Europe | — | — | — | — | — | 1,049 15.59% | 699 12.77% | 817 14.02% | 887 19.10% | 636 16.56% | 520 14.47% | — | — | — |
| Asia | — | — | — | — | — | — | — | — | — | 162 4.22% | 139 3.88% | — | — | — |
| Other Foreign Countries | — | — | — | — | — | — | — | — | — | — | 28 0.77% | — | — | — |
| International Marketing and Distribution | — | — | — | — | — | — | — | — | — | — | — | 2,603 32.88% | 2,439 38.68% | 2,774 43.27% |
| Americas Recycling | — | — | — | — | — | — | — | — | — | — | — | 1,693 21.38% | 1,212 19.22% | 626 9.76% |
| Americas Mills | — | — | — | — | — | — | — | — | — | — | — | 1,308 16.52% | 869 13.78% | 774 12.08% |
| Americas Fabrication | — | — | — | — | — | — | — | — | — | — | — | 1,209 15.27% | 1,132 17.95% | 1,591 24.82% |
| International Mills | — | — | — | — | — | — | — | — | — | — | — | 1,098 13.87% | 650 10.31% | 656 10.23% |
| Also reported: a second breakdown of the same revenue | ||||||||||||||
| United States | 7,614 81.05% | 6,216 79.71% | 6,465 81.57% | 6,895 78.36% | 6,793 76.21% | 5,295 78.69% | 4,562 83.31% | 4,771 81.85% | 3,460 74.51% | — | 2,771 77.07% | — | — | — |
| Other | 1,101 11.72% | 965 12.37% | 877 11.07% | 963 10.94% | 795 8.92% | 485 7.21% | 287 5.25% | 473 8.11% | 247 5.31% | — | — | — | — | — |
| Poland | 679 7.23% | 618 7.92% | 583 7.36% | 942 10.70% | 1,079 12.11% | 793 11.78% | 550 10.04% | 511 8.76% | 703 15.13% | — | — | — | — | — |
| China | — | — | — | — | 247 2.77% | 156 2.32% | 77 1.40% | 75 1.28% | 164 3.52% | — | — | — | — | — |
| Delaware | — | — | — | — | — | — | — | — | 71 1.52% | — | — | — | — | — |
| Other, not broken out | — | — | — | — | — | — | — | — | — | 30 0.78% | 137 3.82% | — | — | — |
| Revenue | 9,394 | 7,798 | 7,926 | 8,800 | 8,913 | 6,730 | 5,476 | 5,829 | 4,644 | 3,844 | 3,596 | 7,918 | 6,306 | 6,409 |
Operating figures as reported in each quarter’s results release or filing
| Figure | Quarter | Latest | A year before | Change |
|---|---|---|---|---|
| Europe Steel Group cost of ferrous scrap utilized per ton | Q4 FY2026 | $363.00 | $351.00 | +3.42% |
| Europe Steel Group merchant bar and other external tons shipped | Q4 FY2026 | 271.0K | 257.0K | +5.45% |
| Europe Steel Group rebar external tons shipped | Q4 FY2026 | 106.0K | 117.0K | −9.40% |
| Europe Steel Group steel products average selling price per ton | Q4 FY2026 | $712.00 | $668.00 | +6.59% |
| Europe Steel Group steel products external tons shipped | Q4 FY2026 | 377.0K | 374.0K | +0.80% |
| North America Steel Group cost of ferrous scrap utilized per ton | Q4 FY2026 | $369.00 | $314.00 | +17.52% |
| North America Steel Group cost of raw materials per ton | Q4 FY2026 | $754.00 | $649.00 | +16.18% |
| North America Steel Group downstream products average selling price per ton | Q4 FY2026 | $1,288.00 | $1,214.00 | +6.10% |
| North America Steel Group downstream products external tons shipped | Q4 FY2026 | 397.0K | 366.0K | +8.47% |
| North America Steel Group finished steel shipment volume growth | Q4 FY2026 | 5.30% | 3.00% | — |
| North America Steel Group merchant bar and other external tons shipped | Q4 FY2026 | 311.0K | 244.0K | +27.46% |
| North America Steel Group raw materials average selling price per ton | Q4 FY2026 | $981.00 | $881.00 | +11.35% |
| North America Steel Group raw materials external tons shipped | Q4 FY2026 | 460.0K | 374.0K | +22.99% |
| North America Steel Group rebar external tons shipped | Q4 FY2026 | 507.0K | 544.0K | −6.80% |
| North America Steel Group steel products average selling price per ton | Q4 FY2026 | $1,021.00 | $882.00 | +15.76% |
| North America Steel Group steel products external tons shipped | Q4 FY2026 | 818.0K | 788.0K | +3.81% |
| Remaining performance obligations | Q4 FY2026 | $895.5M | $867.4M | +3.24% |