Commercial Metals Company (CMC) vs Carpenter Technology Corporation (CRS)

Commercial Metals Company and Carpenter Technology Corporation are both Metal Fabrication companies. Carpenter Technology Corporation is the larger, with a market value of $19.9B against $7.1B — 2.8× the size. Commercial Metals Company trades at the lower P/E: 12.3× against 37.5×. Commercial Metals Company grew revenue faster over the last twelve months: 15.2% against 8.59%. Carpenter Technology Corporation has the higher net margin (17.0% vs 6.72%) and the higher return on invested capital (17.4% vs 6.89%). Both pay a dividend; Carpenter Technology Corporation yields more (1.27% vs 1.20%). Across the 23 metrics below, Carpenter Technology Corporation leads on 14 and Commercial Metals Company on 9.

Valuation

Metric CMC CRS Metal Fabrication median
P/E 12.26 37.47 17.15
P/S 0.82 6.35 1.14
P/B 1.61 8.91 1.71
Price to free cash flow 17.75 54.77 22.10
EV/EBITDA 8.65 23.73 17.60
EV/Sales 1.14 6.45 1.96
Earnings yield 8.15% 2.67% 2.28%
Free cash flow yield 5.63% 1.83% 0.92%

Profitability

Metric CMC CRS Metal Fabrication median
Gross margin 18.56% 30.58% 21.08%
Operating margin 9.18% 22.47% 5.14%
Net margin 6.72% 16.96% 4.70%
Free cash flow margin 4.64% 11.60% 1.45%
Return on equity 13.79% 25.75% 0.00%
Return on assets 7.09% 14.47% 1.56%
Return on invested capital 6.89% 17.38% 2.19%

Growth

Metric CMC CRS Metal Fabrication median
Revenue growth (TTM) 15.23% 8.59% 9.93%
EPS growth (last fiscal year) (82.13%) 41.78% —
Revenue growth, 5-year CAGR 7.33% 16.19% 6.12%
Net income growth, 5-year CAGR (21.25%) 0.00% 0.00%

Health

Metric CMC CRS Metal Fabrication median
Debt to equity 0.75 0.31 0.30
Current ratio 2.33 3.81 2.08
Net debt to EBITDA 0.39 0.35 1.02

Dividend

Metric CMC CRS Metal Fabrication median
Dividend yield 1.20% 1.27% 1.69%
Payout ratio 0.08 0.70 0.06

Size

Metric CMC CRS Metal Fabrication median
Market cap 7.10b 19.87b 896.96m

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