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Commercial Metals Company

Commercial Metals Company

NYSE•CMC
CEO: Mr. Peter R. Matt
Sector: Basic Materials
Industry: Steel
Listing Date: 1980-03-17
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through three segments: North America Steel Group; Europe Steel Group; and Emerging Businesses Group. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, welded steel mesh, wire rod, cold rolled rebar, cold rolled wire rod, assembled rebar cages and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
Contact Information
6565 N. MacArthur Blvd., Suite 800, Irving, TX, 75039, United States
214-689-4300
www.cmc.com
Market Cap
$8.91B
P/E (TTM)
20.4
22
Dividend Yield
0.9%
52W High
$80.65
52W Low
$37.92
52W Range
99%
Rank43Top 50.7%
3.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$2.12B+11.03%
4-Quarter Trend

EPS

$1.60-203.90%
4-Quarter Trend

FCF

$78.75M-16.96%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Net Sales Increased 11% Net sales reached $2.120B USD for the quarter, marking an 11% increase over the prior period, driven by segment expansion.
Earnings Swing Positive Net earnings were $177.3M USD compared to a $175.7M loss, largely due to absence of 2024's $350.0M litigation expense.
Construction Solutions Growth Construction Solutions Group net sales increased 17% ($28.9M), supported by recent acquisitions expanding precast concrete platform.
Strong Liquidity Position Total cash, restricted cash, and equivalents stood at $3.032B USD at period end, supporting recent major financing activities.

Risk Factors

Major Litigation Appeal Pending Contingent litigation loss of $350.0M recorded in 2024 remains subject to appeal; ultimate cash impact is uncertain.
Significant Debt Issuance Long-term debt increased to $3.305B USD, primarily from $2.0B issuance to fund recent strategic acquisitions in December 2025.
Europe Segment EBITDA Pressure Europe Steel Group Adjusted EBITDA fell 58% ($14.9M decrease), driven by timing changes in Polish government assistance payments.
Commodity Hedging Exposure Total commodity contract commitments increased 28% ($124.8M) to $578.2M, reflecting exposure to copper price volatility.

Outlook

Major Acquisitions Completed Completed CP&P and Foley acquisitions in December 2025, integrating them into the Construction Solutions Group segment.
Increased Capital Spending Planned Estimated 2026 capital spending is approximately $625M USD, driven by construction costs for the new West Virginia micro mill.
Tax Credit Benefit Recognized Recognized $39.7M income tax benefit from Qualifying Advanced Energy Project Credit related to the ongoing micro mill construction.
Revolver Capacity Increased Entered Third Amendment increasing revolving credit facility borrowing capacity from $600.0M to $1.0B USD, extending maturity.

Peer Comparison

Revenue (TTM)

Cleveland-Cliffs Inc.CLF
$18.62B
-6.8%
Ternium S.A.TX
$15.71B
-16.1%
Gerdau S.A.GGB
$12.22B
+7.4%

Gross Margin (Latest Quarter)

Triple Flag Precious Metals Corp.TFPM
88.5%
+38.8pp
Osisko Gold Royalties LtdOR
82.5%
-13.7pp
B2Gold Corp.BTG
49.9%
+0.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
IAG$10.79B30.710.0%20.3%
HBM$9.55B20.716.6%18.7%
CMC$8.91B20.410.5%36.3%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.5%
Steady Growth
4Q Net Income CAGR
90.9%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 18, 2026
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EPS:-
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Revenue:-
Reports
All Years
  • Form 10-Q - Q1 2026

    Period End: Nov 30, 2025|Filed: Jan 8, 2026|
    Revenue: $2.12B+11.0%
    |
    EPS: $1.60-203.9%
    Beat
  • Form 10-K - FY 2025

    Period End: Aug 31, 2025|Filed: Oct 16, 2025|
    Revenue: $7.80B-1.6%
    |
    EPS: $0.75-82.1%
    Miss
  • Form 10-Q - Q3 2025

    Period End: May 31, 2025|Filed: Jun 24, 2025|
    Revenue: $2.02B-2.8%
    |
    EPS: $0.74-28.2%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Feb 28, 2025|Filed: Mar 25, 2025|
    Revenue: $1.75B-5.1%
    |
    EPS: $0.22-70.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Nov 30, 2024|Filed: Jan 6, 2025|
    Revenue: $1.91B-4.7%
    |
    EPS: $-1.54-202.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Aug 31, 2024|Filed: Oct 17, 2024|
    Revenue: $7.93B-9.9%
    |
    EPS: $4.19-42.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: May 31, 2024|Filed: Jun 25, 2024|
    Revenue: $2.08B-11.4%
    |
    EPS: $1.03-48.5%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Feb 29, 2024|Filed: Mar 26, 2024|
    Revenue: $1.85B-8.4%
    |
    EPS: $0.74-51.6%
    Miss