COMMERCIAL METALS Co CMC

Basic materials SIC 3312 - Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) NAICS Manufacturing › Primary Metal Manufacturing › Iron and Steel Mills and Ferroalloy Manufacturing derived NYSE

Certain trademarks or service marks of CMC appearing in this Annual Report are the property of CMC and are protected under applicable intellectual property laws. Solely for convenience, our trademarks and tradenames referred to in this Annual Report may appear without the ® or ™ symbols, but such references are not intended to indicate in any way that we will not assert, to the fullest extent under applicable law, our rights to these trademarks and tradenames.

Founded in 1915 as a single scrap yard in Dallas, Texas, CMC has become an innovative solutions provider helping build a stronger, safer and more sustainable world. Today, through an extensive manufacturing network principally located in the United States ("U.S.") and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial and energy generation and transmission. Our operations are conducted through three reportable segments: North America Steel Group, Emerging Businesses Group and Europe Steel Group.

Last close 62.77 2026-10-23
Market cap $6.94B 2026-05-31 share count
52-week range 55.97 - 84.87

Valuation FY2025 figures against the last close

P/S0.9x
P/E84.8x
P/FCF22.2x
EV/EBITDA—
Dividend yield1.2%
Diluted EPS0.74

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other
  • Poland
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 6.2B (79.7%) 80% United States Other, FY2025: 964.8M (12.4%) 12% Other Poland, FY2025: 617.6M (7.9%) 8% Poland FY2024 United States, FY2024: 6.5B (81.6%) 82% Other, FY2024: 877.3M (11.1%) 11% Poland, FY2024: 583.3M (7.4%) 7% FY2023 United States, FY2023: 6.9B (78.4%) 78% Other, FY2023: 962.7M (10.9%) 11% Poland, FY2023: 941.8M (10.7%) 11%
Region FY2025FY2024FY2023
United States $6.22B $6.47B $6.89B
Other $964.8M $877.3M $962.7M
Poland $617.6M $583.3M $941.8M

As the company reported it, from the “SEGMENT INFORMATION (External Net Sales from Continuing Operations by Geographic Area) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $7.80B$7.93B$8.80B$8.91B$6.73B$5.48B$5.83B$4.64B$3.84B$3.60B
Cost of revenue $6.58B$6.57B$6.99B$7.06B$5.62B$4.53B$5.03B$4.02B$3.32B$3.02B
Gross profit $1.22B$1.36B$1.81B$1.86B$1.11B$944.8M$803.5M$622.2M$521.4M$574.2M
SG&A $700.2M$668.4M$646.0M$545.0M$505.1M$507.0M$463.3M$401.5M$387.4M$383.7M
Total operating expenses $7.69B$7.29B$7.68B$7.40B$6.20B$5.11B$5.56B$4.48B$3.78B$3.52B
Interest expense —$47.9M$40.1M$50.7M$51.9M$61.8M$71.4M$41.0M$44.2M$63.0M
Pre-tax income $107.5M$635.7M$1.12B$1.52B$534.0M$370.8M$268.5M$165.4M$65.5M$76.0M
Income tax $22.9M$150.2M$262.2M$297.9M$121.2M$92.5M$69.7M$30.1M$15.3M$14.0M
Net income $84.7M$485.5M$859.8M$1.22B$412.9M$279.5M$198.1M$138.5M$46.3M$54.8M
EPS, basic 0.754.197.3410.093.432.351.681.190.400.48
EPS, diluted 0.744.147.259.953.382.321.661.170.390.47
Shares, diluted (wtd. avg.) 114.1M117.2M118.6M122.4M122.0M120.3M119.1M118.1M117.4M116.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.05B$859.6M$595.7M$679.2M$501.1M$545.0M$193.7M$632.6M$285.9M$539.7M
Receivables $1.20B$1.16B$1.24B$1.36B$1.11B$880.7M$1.02B$749.5M$561.4M$689.4M
Inventory $934.3M$971.8M$1.04B$1.17B$935.4M$625.4M$692.4M$589.0M$462.6M$540.0M
Total current assets $3.49B$3.29B$3.14B$3.44B$2.74B$2.21B$2.08B$2.08B$1.71B$2.05B
Property, plant and equipment $2.74B$2.58B$2.41B$1.91B$1.57B$1.57B$1.50B$1.08B$1.05B$895.0M
Goodwill $386.8M$385.6M$385.8M$249.0M$66.1M$64.3M$64.1M$64.3M$64.9M$66.4M
Other intangibles $210.8M$234.9M$259.2M$257.4M$10.1M$12.6M$13.3M$14.0M$12.8M$12.6M
Total assets $7.17B$6.82B$6.64B$6.24B$4.64B$4.08B$3.76B$3.33B$2.98B$3.13B
Accounts payable ———$540.1M$475.4M$455.0M————
Short-term debt $44.3M$38.8M$40.5M$388.8M$54.4M$18.1M$3.9M$0——
Total current liabilities $1.26B$834.9M$843.7M$1.36B$980.5M$745.3M$694.6M$541.9M$608.4M$821.1M
Long-term debt $1.21B$1.06B$1.06B$1.46B$1.03B$1.04B————
Total liabilities $2.98B$2.52B$2.52B$2.95B$2.34B$2.19B$2.13B$1.83B$1.57B$1.76B
Retained earnings $4.51B$4.50B$4.10B$3.31B$2.16B$1.81B$1.59B$1.45B$1.36B$1.37B
Total equity $4.19B$4.30B$4.12B$3.29B$2.30B$1.89B$1.62B$1.49B-$2.7M$1.37B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $715.1M$899.7M$1.34B$700.3M$228.5M$791.2M$37.0M-$433.9M-$523.3M$586.9M
Depreciation and amortisation $285.9M$280.4M$218.8M$175.0M$167.6M$165.8M$158.7M$131.7M$125.1M$126.9M
Stock-based compensation $37.1M$45.1M$60.5M$47.0M$43.7M$31.9M$25.1M$23.9M$30.3M$26.3M
Capital expenditure $402.8M$324.3M$606.7M$450.0M$184.2M$187.6M$138.8M$174.7M$213.1M$163.3M
Investing cash flow -$346.8M-$323.0M-$835.2M-$684.7M-$162.1M-$192.9M-$462.0M$521.9M$595.2M-$153.9M
Financing cash flow -$183.4M-$313.8M-$599.5M$165.3M-$109.4M-$247.8M-$13.2M$259.4M-$324.5M-$377.7M
Dividends paid $81.4M$78.9M$74.9M$67.7M$57.8M$57.1M$56.5M$56.1M$55.5M$55.3M
Buybacks $198.8M$182.9M$101.4M$161.9M$0$0—$0$0$30.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000022444-25-000138.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 3.6B Gross profit, FY2016: 574.2M Net income, FY2016: 54.8M Revenue, FY2017: 3.8B Gross profit, FY2017: 521.4M Net income, FY2017: 46.3M Revenue, FY2018: 4.6B Gross profit, FY2018: 622.2M Net income, FY2018: 138.5M Revenue, FY2019: 5.8B Gross profit, FY2019: 803.5M Net income, FY2019: 198.1M Revenue, FY2020: 5.5B Gross profit, FY2020: 944.8M Net income, FY2020: 279.5M Revenue, FY2021: 6.7B Gross profit, FY2021: 1.1B Net income, FY2021: 412.9M Revenue, FY2022: 8.9B Gross profit, FY2022: 1.9B Net income, FY2022: 1.2B Revenue, FY2023: 8.8B Gross profit, FY2023: 1.8B Net income, FY2023: 859.8M Revenue, FY2024: 7.9B Gross profit, FY2024: 1.4B Net income, FY2024: 485.5M Revenue, FY2025: 7.8B Gross profit, FY2025: 1.2B Net income, FY2025: 84.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.60B $3.84B $4.64B $5.83B $5.48B $6.73B $8.91B $8.80B $7.93B $7.80B
Gross profit $574.2M $521.4M $622.2M $803.5M $944.8M $1.11B $1.86B $1.81B $1.36B $1.22B
Net income $54.8M $46.3M $138.5M $198.1M $279.5M $412.9M $1.22B $859.8M $485.5M $84.7M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3312

TickerCompanyMarket capP/ERevenue growth
NUE NUCOR CORP $58.56B 34.3x 5.7%
STLD STEEL DYNAMICS INC $34.62B 30.2x 3.6%
CRS CARPENTER TECHNOLOGY CORP $14.11B 27.1x 8.6%
SXC SunCoke Energy, Inc. $849.6M — -5.1%
MTUS Metallus Inc. $846.0M — 6.9%
TWI TITAN INTERNATIONAL INC $436.3M — -0.9%
ASTL Algoma Steel Group Inc. — — —
PKX POSCO HOLDINGS INC. — — —