NYSE : CMC
Commercial Metals Company — Financial statements
Industrials · Metal Fabrication · United States
Last price 63.98 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.04B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Commercial Metals Company (CMC) reported revenue of 9.39B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 9.39B | 9.39B | 7.80B | 7.93B | 8.80B | 8.91B |
| Cost of Revenue | 7.64B | 7.64B | 6.58B | 6.57B | 6.99B | 7.06B |
| Gross Profit | 1.75B | 1.75B | 1.22B | 1.36B | 1.81B | 1.86B |
| Selling, General & Admin | 881.96M | 881.96M | 700.23M | 668.41M | 646.04M | 544.98M |
| Operating Expenses | 881.96M | 881.96M | 700.23M | 668.41M | 646.04M | 544.98M |
| Operating Income | 869.73M | 869.73M | 519.92M | 690.27M | 1.17B | 1.31B |
| Interest Expense | -143.34M | -143.34M | -45.50M | -47.89M | -40.13M | -50.71M |
| EBT Excluding Unusual Items | 726.39M | 726.39M | 474.42M | 642.38M | 1.13B | 1.26B |
| Gain (Loss) on Sale of Assets | 275.42M | |||||
| Asset Writedown | -21.00K | -21.00K | -4.61M | -6.71M | -3.78M | -4.93M |
| Legal Settlements | -15.36M | -15.36M | -362.27M | |||
| Other Unusual Items | -16.05M | |||||
| Pretax Income | 711.01M | 711.01M | 107.55M | 635.67M | 1.12B | 1.52B |
| Income Tax Expense | 55.16M | 55.16M | 22.88M | 150.18M | 262.21M | 297.88M |
| Earnings From Continuing Operations | 655.85M | 655.85M | 84.66M | 485.49M | 859.76M | 1.22B |
| Net Income | 655.85M | 655.85M | 84.66M | 485.49M | 859.76M | 1.22B |
| Net Income to Common | 655.85M | 655.85M | 84.66M | 485.49M | 859.76M | 1.22B |
| Shares Outstanding (Basic) | 110.86M | 110.86M | 112.99M | 115.84M | 117.08M | 120.65M |
| Shares Outstanding (Diluted) | 111.86M | 111.86M | 114.09M | 117.15M | 118.61M | 122.37M |
| EPS (Basic) | 5.92 | 5.92 | 0.75 | 4.19 | 7.34 | 10.09 |
| EPS (Diluted) | 5.86 | 5.86 | 0.74 | 4.14 | 7.25 | 9.95 |
| Free Cash Flow | 479.12M | 479.12M | 312.25M | 575.44M | 737.44M | 250.32M |
| Free Cash Flow Per Share | 4.28 | 4.28 | 2.74 | 4.91 | 6.22 | 2.05 |
| Dividend Per Share | 0.76 | 0.76 | 0.72 | 0.68 | 0.64 | 0.56 |
| Gross Margin | 18.65% | 18.65% | 15.65% | 17.14% | 20.59% | 20.83% |
| Operating Margin | 9.26% | 9.26% | 6.67% | 8.71% | 13.25% | 14.71% |
| Profit Margin | 6.98% | 6.98% | 1.09% | 6.12% | 9.77% | 13.66% |
| Free Cash Flow Margin | 5.10% | 5.10% | 4.00% | 7.26% | 8.38% | 2.81% |
| EBITDA | 1.27B | 1.27B | 805.80M | 970.64M | 1.38B | 1.49B |
| EBITDA Margin | 13.47% | 13.47% | 10.33% | 12.25% | 15.74% | 16.68% |
| D&A For EBITDA | 395.92M | 395.92M | 285.88M | 280.37M | 218.83M | 175.02M |
| EBIT | 869.73M | 869.73M | 519.92M | 690.27M | 1.17B | 1.31B |
| EBIT Margin | 9.26% | 9.26% | 6.67% | 8.71% | 13.25% | 14.71% |
| Effective Tax Rate | 7.76% | 7.76% | 21.28% | 23.62% | 23.37% | 19.66% |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 775.68M | 775.68M | 1.04B | 857.92M | 592.33M | 672.60M |
| Cash & Short-Term Investments | 775.68M | 775.68M | 1.04B | 857.92M | 592.33M | 672.60M |
| Accounts Receivable | 1.44B | 1.44B | 1.20B | 1.16B | 1.24B | 1.36B |
| Other Receivables | 131.56M | 131.56M | 799.00K | |||
| Receivables | 1.57B | 1.57B | 1.20B | 1.16B | 1.24B | 1.36B |
| Inventory | 1.10B | 1.10B | 934.31M | 971.75M | 1.04B | 1.17B |
| Prepaid Expenses | 338.34M | 338.34M | 293.16M | 275.25M | 276.02M | 240.27M |
| Restricted Cash | 3.17M | 3.17M | 2.65M | |||
| Other Current Assets | 14.11M | 14.11M | 19.77M | 28.90M | ||
| Total Current Assets | 3.81B | 3.81B | 3.49B | 3.29B | 3.14B | 3.44B |
| Property, Plant & Equipment | 3.68B | 3.68B | 2.92B | 2.76B | 2.57B | 2.05B |
| Goodwill | 2.14B | 2.14B | 386.85M | 385.63M | 385.82M | 249.01M |
| Other Intangible Assets | 431.68M | 431.68M | 210.81M | 234.87M | 259.16M | 257.41M |
| Other Long-Term Assets | 200.69M | 200.69M | 164.21M | 149.43M | 279.83M | 239.33M |
| Total Assets | 10.26B | 10.26B | 7.17B | 6.82B | 6.64B | 6.24B |
| Accounts Payable | 540.90M | 540.90M | 358.37M | 350.55M | 364.39M | 428.06M |
| Accrued Expenses | 573.27M | 573.27M | 433.91M | 368.15M | 363.74M | 458.84M |
| Short-Term Debt | 8.42M | 26.39M | ||||
| Current Portion of Long-Term Debt | 10.52M | 10.52M | 1.79M | 1.80M | 4.06M | 343.07M |
| Current Portion of Leases | 99.53M | 99.53M | 79.75M | 73.66M | 62.48M | 51.13M |
| Current Unearned Revenue | 20.15M | 20.15M | 21.63M | 35.36M | 35.08M | 45.27M |
| Other Current Liabilities | 383.87M | 383.87M | 363.36M | 5.33M | 5.55M | 4.24M |
| Total Current Liabilities | 1.63B | 1.63B | 1.26B | 834.85M | 843.71M | 1.36B |
| Long-Term Debt | 3.17B | 3.17B | 1.19B | 1.05B | 1.05B | 1.07B |
| Long-Term Leases | 324.45M | 324.45M | 253.05M | 244.40M | 197.23M | 150.35M |
| Long-Term Unearned Revenue | 2.80M | 9.50M | ||||
| Pension & Post-Retirement Benefits | 39.10M | 39.10M | 38.00M | 44.30M | 41.10M | 40.00M |
| Long-Term Deferred Tax Liabilities | 354.30M | 354.30M | 184.65M | 276.91M | 306.80M | 250.30M |
| Other Long-Term Liabilities | 39.94M | 39.94M | 50.41M | 70.81M | 79.48M | 69.41M |
| Total Liabilities | 5.56B | 5.56B | 2.98B | 2.52B | 2.52B | 2.95B |
| Common Stock | 1.29M | 1.29M | 1.29M | 1.29M | 1.29M | 1.29M |
| Additional Paid-In Capital | 423.33M | 423.33M | 406.92M | 407.23M | 394.67M | 382.77M |
| Retained Earnings | 5.08B | 5.08B | 4.51B | 4.50B | 4.10B | 3.31B |
| Treasury Stock | -777.23M | -777.23M | -697.00M | -526.68M | -368.57M | -295.85M |
| Comprehensive Income & Other | -29.18M | -29.18M | -25.25M | -85.95M | -3.78M | -114.45M |
| Total Common Equity | 4.70B | 4.70B | 4.19B | 4.30B | 4.12B | 3.29B |
| Minority Interest | 274.00K | 274.00K | 260.00K | 248.00K | 241.00K | 232.00K |
| Shareholders' Equity | 4.70B | 4.70B | 4.19B | 4.30B | 4.12B | 3.29B |
| Total Liabilities & Equity | 10.26B | 10.26B | 7.17B | 6.82B | 6.64B | 6.24B |
| Total Debt | 3.61B | 3.61B | 1.53B | 1.37B | 1.32B | 1.64B |
| Net Cash (Debt) | -2.83B | -2.83B | -484.92M | -508.48M | -726.71M | -972.39M |
| Net Cash Per Share | -25.33 | -25.33 | -4.25 | -4.34 | -6.13 | -7.95 |
| Filing Date Shares Outstanding | 109.98M | 109.98M | 110.97M | 113.91M | 116.91M | 117.34M |
| Total Common Shares Outstanding | 110.32M | 110.32M | 111.19M | 114.10M | 116.52M | 117.50M |
| Working Capital | 2.18B | 2.18B | 2.24B | 2.46B | 2.30B | 2.08B |
| Book Value Per Share | 42.58 | 42.58 | 37.71 | 37.68 | 35.37 | 27.97 |
| Tangible Book Value | 2.13B | 2.13B | 3.60B | 3.68B | 3.48B | 2.78B |
| Tangible Book Value Per Share | 19.28 | 19.28 | 32.34 | 32.24 | 29.83 | 23.66 |
| Land | 246.30M | 246.30M | 170.82M | 165.67M | 160.07M | 155.24M |
| Buildings | 1.63B | 1.63B | 1.21B | 1.17B | 1.07B | 799.72M |
| Machinery | 4.17B | 4.17B | 3.48B | 3.32B | 3.09B | 2.44B |
| Construction In Progress | 188.64M | 188.64M | 449.62M | 261.32M | 213.65M | 489.03M |
| Order Backlog | 1.70B | 1.70B |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 655.85M | 655.85M | 84.66M | 485.49M | 859.76M | 1.22B |
| Depreciation & Amortization | 395.92M | 395.92M | 285.88M | 280.37M | 218.83M | 175.02M |
| Other Amortization | 4.81M | 4.81M | 1.53M | 2.35M | ||
| Loss (Gain) From Sale of Assets | -741.00K | -741.00K | 1.83M | 3.32M | 2.33M | -275.42M |
| Asset Writedown & Restructuring Costs | 21.00K | 21.00K | 4.61M | 6.71M | 3.78M | 4.93M |
| Stock-Based Compensation | 43.93M | 43.93M | 37.05M | 45.07M | 60.53M | 46.98M |
| Other Operating Activities | 200.68M | 200.68M | 260.97M | -17.73M | 52.16M | 104.78M |
| Change in Accounts Receivable | -155.03M | -155.03M | -41.18M | 76.54M | 175.10M | -257.61M |
| Change in Inventory | -101.96M | -101.96M | 42.59M | 61.78M | 177.02M | -255.18M |
| Change in Accounts Payable | 236.10M | 236.10M | 49.84M | -22.33M | -173.00M | 3.90M |
| Change in Income Taxes | -130.76M | -130.76M | 12.56M | -840.00K | ||
| Change in Other Net Operating Assets | -89.85M | -89.85M | -25.26M | -21.02M | -32.41M | -64.36M |
| Operating Cash Flow | 1.06B | 1.06B | 715.07M | 899.71M | 1.34B | 700.31M |
| Capital Expenditures | -579.84M | -579.84M | -402.82M | -324.27M | -606.66M | -449.99M |
| Sale of Property, Plant & Equipment | 11.25M | 11.25M | 5.76M | 756.00K | 1.01M | 315.15M |
| Cash Acquisitions | -2.52B | -2.52B | 3.03M | -234.72M | -552.45M | |
| Other Investing Activities | 22.90M | 22.90M | 50.29M | -2.52M | 5.15M | 2.57M |
| Investing Cash Flow | -3.06B | -3.06B | -346.77M | -323.00M | -835.23M | -684.72M |
| Long-Term Debt Issued | 2.16B | 2.16B | 183.70M | 175.32M | 330.06M | 1.18B |
| Total Debt Issued | 2.16B | 2.16B | 183.70M | 175.32M | 330.06M | 1.18B |
| Long-Term Debt Repaid | -212.02M | -212.02M | -77.46M | -219.69M | -738.77M | -762.53M |
| Total Debt Repaid | -212.02M | -212.02M | -77.46M | -219.69M | -738.77M | -762.53M |
| Net Debt Issued (Repaid) | 1.95B | 1.95B | 106.24M | -44.37M | -408.71M | 421.10M |
| Repurchase of Common Stock | -105.92M | -105.92M | -207.65M | -190.53M | -113.94M | -171.34M |
| Common Dividends Paid | -84.25M | -84.25M | -81.43M | -78.87M | -74.94M | -67.75M |
| Other Financing Activities | -20.04M | -20.04M | -610.00K | 7.00K | -1.89M | -16.71M |
| Financing Cash Flow | 1.74B | 1.74B | -183.44M | -313.76M | -599.48M | 165.31M |
| Foreign Exchange Rate Adjustments | 66.00K | 66.00K | 1.50M | 891.00K | 7.08M | -2.79M |
| Net Cash Flow | -267.05M | -267.05M | 186.35M | 263.84M | -83.53M | 178.11M |
| Free Cash Flow | 479.12M | 479.12M | 312.25M | 575.44M | 737.44M | 250.32M |
| Free Cash Flow Margin | 5.10% | 5.10% | 4.00% | 7.26% | 8.38% | 2.81% |
| Free Cash Flow Per Share | 4.28 | 4.28 | 2.74 | 4.91 | 6.22 | 2.05 |
| Levered Free Cash Flow | 79.15M | 79.15M | 619.32M | 512.61M | 425.69M | 66.89M |
| Unlevered Free Cash Flow | 163.92M | 163.92M | 646.23M | 540.19M | 450.77M | 98.58M |
| Cash Interest Paid | 118.56M | 118.56M | 51.08M | 49.46M | 64.43M | 47.33M |
| Cash Income Tax Paid | 42.95M | 42.95M | 116.16M | 158.46M | 199.88M | 229.32M |
| Change in Working Capital | -241.51M | -241.51M | 38.55M | 94.13M | 146.72M | -573.24M |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.24B | 7.46B | 6.46B | 6.16B | 6.57B | 4.88B |
| Enterprise Value | 10.08B | 10.53B | 6.91B | 6.66B | 7.43B | 6.15B |
| Last Close Price | 65.86 | 67.26 | 56.81 | 52.04 | 53.93 | 38.31 |
| PE Ratio | 11.24 | 11.38 | 76.25 | 12.69 | 7.65 | 4.01 |
| Forward PE | 9.44 | 9.54 | 12.30 | 11.75 | 8.04 | 5.60 |
| PS Ratio | 0.77 | 0.80 | 0.83 | 0.78 | 0.75 | 0.55 |
| PB Ratio | 1.55 | 1.59 | 1.54 | 1.43 | 1.59 | 1.49 |
| P/TBV Ratio | 3.41 | 3.51 | 1.79 | 1.68 | 1.89 | 1.76 |
| P/FCF Ratio | 15.12 | 15.58 | 20.67 | 10.71 | 8.91 | 19.50 |
| P/OCF Ratio | 6.84 | 7.05 | 9.03 | 6.85 | 4.89 | 6.97 |
| PEG Ratio | 3.88 | 0.36 | 1.75 | 1.14 | 1.14 | 1.14 |
| EV/Sales Ratio | 1.07 | 1.12 | 0.89 | 0.84 | 0.84 | 0.69 |
| EV/EBITDA Ratio | 7.96 | 8.32 | 8.57 | 6.87 | 5.37 | 4.13 |
| EV/EBIT Ratio | 11.59 | 12.11 | 13.28 | 9.65 | 6.37 | 4.69 |
| EV/FCF Ratio | 21.03 | 21.98 | 22.12 | 11.58 | 10.08 | 24.56 |
| Debt / Equity Ratio | 0.77 | 0.77 | 0.36 | 0.32 | 0.32 | 0.50 |
| Debt / EBITDA Ratio | 2.68 | 2.68 | 1.75 | 1.32 | 0.91 | 1.07 |
| Debt / FCF Ratio | 7.53 | 7.53 | 4.89 | 2.38 | 1.79 | 6.57 |
| Net Debt / Equity Ratio | 0.60 | 0.60 | 0.12 | 0.12 | 0.18 | 0.30 |
| Net Debt / EBITDA Ratio | 2.24 | 2.24 | 0.60 | 0.52 | 0.53 | 0.65 |
| Net Debt / FCF Ratio | 5.91 | 5.91 | 1.55 | 0.88 | 0.98 | 3.88 |
| Asset Turnover | 1.08 | 1.08 | 1.11 | 1.18 | 1.37 | 1.64 |
| Inventory Turnover | 7.50 | 7.50 | 6.90 | 6.54 | 6.34 | 6.71 |
| Quick Ratio | 1.44 | 1.44 | 1.78 | 2.42 | 2.17 | 1.50 |
| Current Ratio | 2.34 | 2.34 | 2.78 | 3.94 | 3.73 | 2.54 |
| Return on Equity (ROE) | 14.75% | 14.75% | 1.99% | 11.53% | 23.21% | 43.62% |
| Return on Assets (ROA) | 6.24% | 6.24% | 4.65% | 6.41% | 11.32% | 15.07% |
| Return on Invested Capital (ROIC) | 10.61% | 13.14% | 8.63% | 10.92% | 19.62% | 29.08% |
| Return on Capital Employed (ROCE) | 10.10% | 10.10% | 8.80% | 11.50% | 20.10% | 26.90% |
| Earnings Yield | 8.90% | 8.79% | 1.31% | 7.88% | 13.08% | 24.94% |
| FCF Yield | 6.61% | 6.42% | 4.84% | 9.34% | 11.22% | 5.13% |
| Dividend Yield | 1.21% | 1.12% | 1.24% | 1.26% | 1.13% | 1.35% |
| Payout Ratio | 13.65% | 12.85% | 96.19% | 16.25% | 8.72% | 5.57% |
| Buyback Yield / Dilution | 1.95% | 1.95% | 2.62% | 1.23% | 3.08% | -0.32% |
| Total Shareholder Return | 3.16% | 3.07% | 3.86% | 2.48% | 4.21% | 1.03% |