CMC

MKT CAP:$8B

Commercial Metals Company

Market Cap

$8B

Basic Materials·Steel·🇺🇸 United States·NYSE

Materials·Steel·🇺🇸·NYSE

Stock Price

$69.08-$2.71 (-3.77%)

Apr 24, 2026

Company Details

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous s...

CEO

Peter R. Matt

IPO Date

Mar 17, 1980

Website

www.cmc.com

Key Metrics TTM

Revenue

$8.4B

+8.4% YoY

Net Income

$505M

EPS (Diluted)

$4.49

Free Cash Flow

$394M

Revenue / Share

$74.82

Gross Margin

17.7%

Operating Margin

8.4%

Net Margin

6.0%

FCF Margin

4.7%

P/S

0.9x

P/E

15.1x

Earnings Reports

Q2 2026

Mar 26, 2026

$2.1B+21.5%EPS $0.83

Q1 2026

Jan 8, 2026

$2.1B+11.0%EPS $1.58

Q4 2025

Oct 16, 2025

$2.1B+5.9%EPS $1.35

Q3 2025

Jun 24, 2025

$2.0B-2.8%EPS $0.73

Q2 2025

Mar 25, 2025

$1.8B-5.1%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$2.5B	$559M	$420M
Q4 22	$2.4B	$508M	$354M
Q1 23	$2.2B	$508M	$352M
Q2 23	$2.0B	$396M	$245M
Q3 23	$2.3B	$483M	$319M
Q4 23	$2.2B	$425M	$252M
Q1 24	$2.0B	$395M	$231M
Q2 24	$1.8B	$296M	$129M
Q3 24	$2.1B	$340M	$172M
Q4 24	$2.0B	$323M	$156M
Q1 25	$1.9B	$308M	$130M
Q2 25	$1.8B	$220M	$52M
Q3 25	$2.0B	$300M	$124M
Q4 25	$2.1B	$393M	$214M
Q1 26	$2.1B	$407M	$212M
Q2 26	$2.1B	$388M	$155M

Valuation

Quarter	P/S	P/E
Q3 22	0.6x	4.5x
Q4 22	0.6x	4.1x
Q1 23	0.6x	4.5x
Q2 23	0.7x	5.9x
Q3 23	0.6x	5.4x
Q4 23	0.7x	7.5x
Q1 24	0.6x	6.7x
Q2 24	0.8x	9.4x
Q3 24	0.8x	11.2x
Q4 24	0.8x	12.8x
Q1 25	0.9x	53.9x
Q2 25	0.7x	72.4x
Q3 25	0.7x	150.7x
Q4 25	0.8x	77.2x
Q1 26	0.9x	16.4x
Q2 26	1.0x	16.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$187M	$85M
Q4 22	$459M	$303M
Q1 23	$372M	$239M
Q2 23	$187M	$30M
Q3 23	$376M	$225M
Q4 23	$409M	$243M
Q1 24	$261M	$194M
Q2 24	$89M	-$5M
Q3 24	$198M	$116M
Q4 24	$352M	$270M
Q1 25	$213M	$95M
Q2 25	$32M	-$54M
Q3 25	$154M	$65M
Q4 25	$315M	$206M
Q1 26	$204M	$79M
Q2 26	$166M	$44M

Capital Expenditures

Quarter	CapEx
Q3 22	$103M
Q4 22	$156M
Q1 23	$133M
Q2 23	$156M
Q3 23	$150M
Q4 23	$167M
Q1 24	$67M
Q2 24	$94M
Q3 24	$82M
Q4 24	$81M
Q1 25	$118M
Q2 25	$86M
Q3 25	$89M
Q4 25	$109M
Q1 26	$125M
Q2 26	$123M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+36.4%	+25.7%
Q4 22	+18.5%	+12.6%
Q1 23	+12.4%	+9.8%
Q2 23	+0.5%	+1.7%
Q3 23	-6.8%	-3.3%
Q4 23	-8.2%	-4.7%
Q1 24	-10.1%	-5.6%
Q2 24	-8.4%	-3.0%
Q3 24	-11.4%	-5.9%
Q4 24	-9.6%	-6.0%
Q1 25	-4.7%	+0.4%
Q2 25	-5.1%	-1.0%
Q3 25	-2.8%	-0.5%
Q4 25	+5.9%	+3.3%
Q1 26	+11.0%	+7.3%
Q2 26	+21.5%	+16.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$12M	0.5%
Q4 22	$9M	0.4%
Q1 23	$17M	0.7%
Q2 23	$17M	0.8%
Q3 23	$10M	0.4%
Q4 23	$17M	0.7%
Q1 24	$8M	0.4%
Q2 24	$15M	0.8%
Q3 24	$13M	0.6%
Q4 24	$9M	0.5%
Q1 25	$10M	0.5%
Q2 25	$8M	0.5%
Q3 25	$10M	0.5%
Q4 25	$9M	0.4%
Q1 26	$11M	0.5%
Q2 26	$15M	0.7%

OpEx Breakdown

Quarter	SG&A
Q3 22	$140M
Q4 22	$154M
Q1 23	$156M
Q2 23	$151M
Q3 23	$164M
Q4 23	$173M
Q1 24	$163M
Q2 24	$167M
Q3 24	$168M
Q4 24	$167M
Q1 25	$178M
Q2 25	$168M
Q3 25	$176M
Q4 25	$180M
Q1 26	$196M
Q2 26	$233M

Revenue Segments

Quarter	Construction Products	Downstream Products	Other Product	Raw Material Products	Steel Products	Ground Stabilization Products
Q3 22	$131M	$676M	$47M	$443M	$1.2B	—
Q4 22	$350M	$758M	-$121M	$354M	$1.1B	—
Q1 23	$162M	$702M	$49M	$297M	$1.0B	—
Q2 23	$140M	$589M	$65M	$321M	$903M	—
Q3 23	$172M	$706M	$55M	$391M	$1.0B	—
Q4 23	$193M	$722M	$48M	$334M	$912M	—
Q1 24	$78M	$653M	$64M	$317M	$833M	$57M
Q2 24	$65M	$577M	$61M	$329M	$770M	$45M
Q3 24	$73M	$666M	$52M	$402M	$816M	$69M
Q4 24	$74M	$600M	$144M	$282M	$817M	$79M
Q1 25	$76M	$594M	$80M	$315M	$788M	$57M
Q2 25	$66M	$495M	$71M	$323M	$752M	$48M
Q3 25	$78M	$586M	$85M	$338M	$865M	$69M
Q4 25	$84M	$612M	$90M	$353M	$887M	$88M
Q1 26	$86M	$603M	$71M	$370M	$918M	$73M

Revenue by Geography

Quarter	Europe	North America
Q3 22	$485M	$2.0B
Q1 23	$407M	$1.8B
Q2 23	$356M	$1.6B
Q3 23	$353M	$2.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$410M	$0	$410M
Q4 22	$673M	$0	$673M
Q1 23	$582M	$0	$582M
Q2 23	$604M	$0	$604M
Q3 23	$475M	$0	$475M
Q4 23	$592M	$0	$592M
Q1 24	$705M	$0	$705M
Q2 24	$638M	$0	$638M
Q3 24	$698M	$0	$698M
Q4 24	$858M	$0	$858M
Q1 25	$856M	$0	$856M
Q2 25	$758M	$0	$758M
Q3 25	$893M	$0	$893M
Q4 25	$1.0B	$0	$1.0B
Q1 26	$1.0B	$0	$1.0B
Q2 26	$495M	$0	$495M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	123M	-0.0%	+0.5%
Q4 22	120M	-1.9%	-1.6%
Q1 23	119M	-1.3%	-3.2%
Q2 23	119M	-0.2%	-3.4%
Q3 23	118M	-0.3%	-3.6%
Q4 23	119M	+0.2%	-1.5%
Q1 24	118M	-0.2%	-0.5%
Q2 24	118M	-0.7%	-1.0%
Q3 24	117M	-0.7%	-1.5%
Q4 24	116M	-0.6%	-2.3%
Q1 25	114M	-1.6%	-3.6%
Q2 25	115M	+0.4%	-2.6%
Q3 25	114M	-0.8%	-2.7%
Q4 25	113M	-0.8%	-2.8%
Q1 26	112M	-0.4%	-1.6%
Q2 26	112M	-0.1%	-2.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$226.9K	11K
Q4 22	$192.8K	12K
Q1 23	$178.4K	12K
Q2 23	$161.7K	12K
Q3 23	$187.9K	12K
Q4 23	$169.7K	13K
Q1 24	$153.8K	13K
Q2 24	$141.9K	13K
Q3 24	$159.6K	13K
Q4 24	$151.5K	13K
Q1 25	$144.9K	13K
Q2 25	$133.1K	13K
Q3 25	$153.3K	13K
Q4 25	$166.6K	13K
Q1 26	$167.1K	13K
Q2 26	$168.0K	13K

Revenue / Employee