Commercial Metals Company (CMC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.71	$1.73	+1.2%	—	$2.5B	—
Q1 26	$1.5	$1.84	+22.7%	—	$2.1B	—
Q4 25	$1.34	$1.37	+2.2%	—	$2.1B	—
Q3 25	$0.85	$0.74	-12.9%	—	$2B	—
Q2 25	$0.3	$0.26	-13.3%	—	$1.8B	—
Q1 25	$0.79	$0.78	-1.3%	—	$1.9B	—
Q4 24	$0.86	$0.9	+4.7%	—	$2B	—
Q3 24	$1.02	$1.02	0.0%	—	$2.1B	—
Q2 24	$0.76	$0.88	+15.8%	—	$1.8B	—
Q1 24	$1.47	$1.63	+10.9%	—	$2B	—
Q4 23	$1.82	$1.69	-7.1%	—	$2.2B	—
Q3 23	$1.82	$2.02	+11.0%	—	$2.3B	—
Q2 23	$1.43	$1.44	+0.7%	—	$2B	—
Q1 23	$1.96	$2.24	+14.3%	—	$2.2B	—
Q4 22	$2.23	$2.45	+9.9%	—	$2.4B	—
Q3 22	$1.85	$2.61	+41.1%	—	$2.5B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.75	—	—	$7.8B	—
FY24	—	$4.19	—	—	$7.9B	—
FY23	—	$7.34	—	—	$8.8B	—
FY22	—	$10.1	—	—	$8.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.6B	$3.8B	$4.6B	$5.8B	$5.5B	$6.7B	$8.9B	$8.8B	$7.9B	$7.8B
YoY change	-33.7%	+6.9%	+20.8%	+25.5%	-6.05%	+22.9%	+32.4%	-1.28%	-9.93%	-1.61%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.6B	3.8B	4.6B	5.8B	5.5B	6.7B	8.9B	8.8B	7.9B	7.8B
Cost of revenue	3B	3.3B	4B	5B	4.5B	5.6B	7.1B	7B	6.6B	6.6B
Gross profit	574.2M	521.4M	622.2M	803.5M	944.8M	1.1B	1.9B	1.8B	1.4B	1.2B
Gross margin	16%	13.6%	13.4%	13.8%	17.3%	16.4%	20.8%	20.6%	17.1%	15.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	383.7M	387.4M	401.5M	463.3M	507M	505.1M	545M	643.5M	665.1M	700.2M
Operating expenses	383.7M	387.4M	401.5M	463.3M	507M	505.1M	545M	643.5M	665.1M	700.2M
Operating income	190.5M	134M	220.7M	340.2M	437.8M	600.7M	1.3B	1.2B	693.6M	519.9M
Operating margin	5.3%	3.49%	4.75%	5.84%	7.99%	8.93%	14.7%	13.3%	8.75%	6.67%
Non-operating income, net	-51.5M	-24.4M	-14.4M	-384K	-5.2M	-14.8M	254.4M	-6.3M	-10M	-366.9M
Pretax income	76M	65.5M	165.4M	268.5M	370.8M	534M	1.5B	1.1B	635.7M	107.5M
Income tax	14M	15.3M	30.1M	69.7M	92.5M	121.2M	297.9M	262.2M	150.2M	22.9M
Net income	54.8M	46.3M	138.5M	198.1M	279.5M	412.9M	1.2B	859.8M	485.5M	84.7M
Net margin	1.52%	1.21%	2.98%	3.4%	5.1%	6.13%	13.7%	9.77%	6.13%	1.09%
EBITDA	317.4M	259.1M	352.4M	498.9M	603.5M	768.4M	1.5B	1.4B	974M	805.8M
EPS	0.48	0.4	1.19	1.68	2.35	3.43	10.1	7.34	4.19	0.75
Diluted EPS	0.47	0.39	1.17	1.66	2.32	3.38	9.95	7.25	4.14	0.74

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	2.2B	2B	1.8B	2.1B	2B	1.9B	1.8B	2B	2.1B	2.1B	2.1B	2.5B
Cost of revenue	1.8B	1.6B	1.6B	1.7B	1.7B	1.6B	1.5B	1.7B	1.7B	1.7B	1.7B	2B
Gross profit	425.1M	399M	296.2M	340.4M	323.1M	307.9M	219.5M	299.9M	392.8M	407.1M	387.9M	455.1M
Gross margin	19.2%	19.9%	16%	16.4%	16.2%	16.1%	12.5%	14.8%	18.6%	19.2%	18.2%	18.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	174M	162.5M	167.4M	168M	167.1M	177.9M	167.6M	175.8M	179M	195.6M	233.2M	222.3M
Operating expenses	174M	162.5M	167.4M	168M	167.1M	177.9M	167.6M	175.8M	179M	195.6M	233.2M	222.3M
Operating income	251.1M	236.5M	128.8M	172.4M	155.9M	130M	52M	124.2M	213.8M	211.5M	154.7M	232.8M
Operating margin	11.4%	11.8%	6.97%	8.3%	7.81%	6.81%	2.96%	6.15%	10.1%	9.98%	7.26%	9.38%
Non-operating income, net	-4.9M	—	—	—	—	-350M	-4.7M	-3.8M	-8.4M	-3.7M	-4.1M	-3.8M
Pretax income	237.9M	224.7M	116.9M	160.3M	133.8M	-231.3M	36.1M	109.5M	193.2M	182.9M	109.7M	188.8M
Income tax	53.7M	48.4M	31.1M	40.9M	29.8M	-55.6M	10.6M	26.4M	41.5M	5.7M	16.7M	15.8M
Net income	184.2M	176.3M	85.8M	119.4M	103.9M	-175.7M	25.5M	83.1M	151.8M	177.3M	93M	173M
Net margin	8.34%	8.8%	4.64%	5.75%	5.21%	-9.2%	1.45%	4.12%	7.18%	8.36%	4.36%	6.97%
EBITDA	312.4M	305.6M	197.1M	243.1M	218.1M	200.5M	122.6M	196.5M	286.2M	284.2M	257.3M	340.2M
EPS	—	1.51	0.74	1.03	0.91	-1.54	0.22	0.74	1.36	1.6	0.84	1.56
Diluted EPS	—	1.49	0.73	1.02	0.9	-1.54	0.22	0.73	1.35	1.58	0.83	1.55

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.8B	2.2B	2.5B	1.8B	2.5B	3.9B	4.9B	6.6B	6.2B	6.5B	7.1B
Enterprise value	2.3B	2.8B	3.1B	2.9B	3B	4.5B	5.7B	7.2B	6.5B	6.8B	10.3B
Shares outstanding	115.2M	115.7M	116.8M	117.8M	118.9M	120.3M	120.6M	117.1M	115.8M	113M	113M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	32.7	47.2	18.2	9.32	8.88	9.51	4.02	7.67	12.8	77	12.4
P/S	0.5	0.57	0.54	0.32	0.45	0.58	0.55	0.75	0.78	0.84	0.82
P/B	1.31	1.56	1.69	1.14	1.31	1.71	1.49	1.6	1.44	1.55	1.61
EV/EBITDA	7.38	10.6	8.68	5.81	5.01	5.85	3.85	5.16	6.71	8.47	8.58
EV/Sales	0.65	0.72	0.66	0.5	0.55	0.67	0.64	0.81	0.83	0.88	1.17
Earnings yield	3.06%	2.12%	5.49%	10.7%	11.3%	10.5%	24.9%	13%	7.82%	1.3%	8.05%
FCF yield	23.7%	-33.7%	-24.1%	-5.51%	24.3%	1.13%	5.12%	11.2%	9.27%	4.79%	1.88%
PEG	—	—	—	—	—	—	—	—	—	—	0.11

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16%	13.6%	13.4%	13.8%	17.3%	16.4%	20.8%	20.6%	17.1%	15.6%	18.3%
Operating margin	5.3%	3.49%	4.75%	5.84%	7.99%	8.93%	14.7%	13.3%	8.75%	6.67%	9.48%
Net margin	1.52%	1.21%	2.98%	3.4%	5.1%	6.13%	13.7%	9.77%	6.13%	1.09%	6.72%
ROE	4%	3.31%	9.27%	12.2%	14.8%	18%	37%	20.9%	11.3%	2.02%	13.8%
ROA	1.75%	1.56%	4.16%	5.27%	6.85%	8.9%	19.5%	12.9%	7.12%	1.18%	6.32%
ROIC	8.09%	5.21%	8.89%	9.41%	13.5%	16.2%	25.6%	19.1%	11.4%	9.09%	9.72%
Return on tangible assets	1.84%	1.64%	4.37%	5.5%	7.12%	9.2%	23.3%	16.1%	8.71%	1.42%	12.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.49	2.82	3.83	2.99	2.97	2.79	2.54	3.73	3.94	2.78	2.33
Quick ratio	1.84	2.06	2.75	2	2.13	1.84	1.67	2.5	2.78	2.03	1.54
Debt / equity	0.78	0.59	0.78	0.77	0.57	0.47	0.46	0.28	0.28	0.32	0.8
Debt / assets	0.34	0.28	0.35	0.33	0.27	0.23	0.24	0.17	0.17	0.19	0.35
Net debt / EBITDA	1.75	2.21	1.52	2.11	0.9	0.74	0.56	0.41	0.34	0.39	2.43
Interest coverage	2.21	2.48	5.04	4.76	7	11.3	30.9	29	14.3	3.36	6.71
Effective tax rate	18.4%	23.3%	18.2%	26%	24.9%	22.7%	19.7%	23.4%	23.6%	21.3%	11.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	31.2	33.2	39.8	49.5	46.1	55.9	73.9	75.2	68.4	69	79.6
EPS (basic)	0.48	0.4	1.19	1.68	2.35	3.43	10.1	7.34	4.19	0.75	0.75
EPS (diluted)	0.47	0.39	1.17	1.66	2.32	3.38	9.95	7.25	4.14	0.74	5.29
Book value per share	11.9	12.1	12.8	13.8	15.9	19.1	27.2	35.2	37.1	37.1	40.9
FCF per share	3.68	-6.37	-5.21	-0.86	5.08	0.37	2.07	6.3	4.97	2.76	3.63
Cash per share	4.49	2.18	5.33	1.63	4.56	4.14	5.57	5.06	7.41	9.23	5.06
Capex per share	0.04	0.03	0.07	0.03	0.1	0.22	2.61	0.01	0.01	3.56	4.59

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.14%	0.08%	0.17%	0.07%	0.22%	0.39%	3.54%	0.01%	0.01%	5.17%	5.8%
Capex / operating cash flow	0.93%	-0.47%	-1.88%	7.21%	1.6%	143.1%	33.2%	0.07%	0.08%	56.3%	55.9%
Payout ratio	101.1%	119.8%	40.5%	28.5%	20.4%	14%	5.57%	8.72%	16.2%	96.2%	14%
Dividend yield	3.1%	2.54%	2.22%	3.06%	2.3%	1.47%	1.39%	1.14%	1.27%	1.25%	1.24%

Yield

1.24%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.20

ex-dividend Jul 6, 2026

Payout ratio

14%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 6, 2026	$0.20
Apr 6, 2026	$0.20
Jan 16, 2026	$0.18

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$2.2B	$2B	$1.8B	$2.1B	$2B	$1.9B	$1.8B	$2B	$2.1B	$2.1B	$2.1B	$2.5B
YoY change	-8.22%	-10.1%	-8.41%	-11.4%	-9.64%	-4.67%	-5.08%	-2.81%	+5.93%	+11%	+21.5%	+22.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	517.5M	252.6M	622.5M	192.5M	542.1M	497.7M	672.6M	592.3M	857.9M	1B
Receivables	689.4M	561.4M	749.5M	1B	880.7M	1.1B	1.4B	1.2B	1.2B	1.2B
Inventory	540M	462.6M	589M	692.4M	625.4M	935.4M	1.2B	1B	971.8M	934.3M
Total current assets	2B	1.7B	2.1B	2.1B	2.2B	2.7B	3.4B	3.1B	3.3B	3.5B
Property, plant & equipment	2.1B	2.3B	2.4B	3B	3.1B	773.2M	1.1B	1.3B	1.4B	1.5B
Goodwill & intangibles	157.9M	155.4M	156.7M	154.9M	153.9M	152.5M	1B	1.3B	1.2B	1.2B
Total assets	3.1B	3B	3.3B	3.8B	4.1B	4.6B	6.2B	6.6B	6.8B	7.2B
Accounts payable	207.9M	226.5M	261.3M	288M	266.1M	450.7M	428.1M	364.4M	350.6M	358.4M
Short-term debt	313.5M	19.2M	19.7M	17.4M	18.1M	54.4M	388.8M	40.5M	38.8M	44.3M
Total current liabilities	821.1M	608.4M	541.9M	694.6M	745.3M	980.5M	1.4B	843.7M	834.9M	1.3B
Long-term debt	757.9M	805.6M	1.1B	1.2B	1.1B	1B	1.1B	1.1B	1.2B	1.3B
Total liabilities	1.8B	1.6B	1.8B	2.1B	2.2B	2.3B	3B	2.5B	2.5B	3B
Shareholders' equity	1.4B	1.4B	1.5B	1.6B	1.9B	2.3B	3.3B	4.1B	4.3B	4.2B
Total debt	1.1B	824.8M	1.2B	1.2B	1.1B	1.1B	1.5B	1.2B	1.2B	1.4B
Net debt	553.9M	572.2M	535.9M	1.1B	541.6M	572M	829.4M	562.5M	331.7M	311M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	592.3M	704.6M	638.3M	698.3M	857.9M	856.1M	758.4M	893M	1B	1B	495M	559.8M
Receivables	1.2B	1.2B	1.1B	1.2B	1.2B	1.1B	1.1B	1.2B	1.2B	1.2B	1.3B	1.4B
Inventory	1B	1B	1.2B	1.1B	971.8M	960.1M	978.3M	1B	934.3M	951.1M	1.1B	1.2B
Total current assets	3.1B	3.2B	3.2B	3.2B	3.3B	3.2B	3.1B	3.4B	3.5B	5.5B	3.3B	3.5B
Property, plant & equipment	1.3B	—	—	—	1.4B	—	—	—	1.5B	—	—	—
Goodwill & intangibles	1.3B	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	5.3B	5.2B
Total assets	6.6B	6.7B	6.7B	6.7B	6.8B	6.8B	6.7B	7B	7.2B	9.2B	9.6B	9.8B
Accounts payable	364.4M	343.8M	367.9M	303.1M	350.6M	323.5M	329M	364M	358.4M	361.4M	456M	458.5M
Short-term debt	40.5M	34M	35.6M	62.9M	38.8M	38.6M	40M	41.4M	44.3M	46.3M	52.6M	88.8M
Total current liabilities	843.7M	787M	762.5M	765M	834.9M	1.2B	1.1B	1.2B	1.3B	1.2B	1.4B	1.5B
Long-term debt	1.1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.2B	1.3B	1.3B	3.3B	3.3B	3.3B
Total liabilities	2.5B	2.5B	2.4B	2.5B	2.5B	2.8B	2.7B	2.9B	3B	4.9B	5.2B	5.3B
Shareholders' equity	4.1B	4.2B	4.2B	4.3B	4.3B	4B	4B	4.1B	4.2B	4.3B	4.4B	4.5B
Total debt	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.3B	1.4B	3.4B	3.4B	3.4B
Net debt	562.5M	449.9M	523.5M	502.1M	331.7M	331M	436.4M	451.2M	311M	2.3B	2.9B	2.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	54.8M	46.3M	138.5M	198.1M	279.5M	412.9M	1.2B	859.8M	485.5M	84.7M
Depreciation & amortization	126.9M	125.1M	131.7M	158.7M	165.8M	167.6M	175M	218.8M	280.4M	285.9M
Stock-based compensation	26.3M	30.3M	23.9M	25.1M	31.9M	43.7M	47M	60.5M	45.1M	37.1M
Change in working capital	345.1M	-241.1M	-69.4M	64M	240.3M	-559.9M	-577.1M	322.8M	116.5M	-11.3M
Operating cash flow	550.9M	-669.6M	-431.4M	54.2M	740.3M	18.5M	950.4M	1.5B	908.1M	715.1M
Capital expenditure	5.1M	3.2M	8.1M	3.9M	11.8M	26.4M	315.1M	1M	756K	-402.8M
Investing cash flow	-16.7M	644.8M	696.6M	-323.2M	-5.3M	22M	-234.7M	-228.6M	1.3M	-352.5M
Dividends paid	-55.3M	-55.5M	-56.1M	-56.5M	-57.1M	-57.8M	-67.7M	-74.9M	-78.9M	-81.4M
Share repurchases	-30.6M	0	0	—	0	0	-161.9M	-101.4M	-182.9M	-198.8M
Financing cash flow	-371.7M	-319M	268.7M	-11.4M	-247.8M	-109.4M	165.3M	-599.5M	-313.8M	-183.4M
Net change in cash	162.6M	-343.8M	533.9M	-280.4M	487.2M	-68.9M	881M	672.6M	595.6M	179.1M
Free cash flow	423.5M	-736.4M	-608.6M	-101.8M	603.6M	44.3M	250.3M	737.4M	575.4M	312.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	184.2M	176.3M	85.8M	119.4M	103.9M	-175.7M	25.5M	83.1M	151.8M	177.3M	93M	173M
Depreciation & amortization	61.3M	69.2M	68.3M	70.7M	72.2M	70.4M	70.6M	72.4M	72.5M	72.7M	102.6M	107.4M
Stock-based compensation	16.5M	8.1M	15M	12.8M	9.2M	10.2M	8M	9.5M	9.2M	11.2M	14.8M	11.4M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	278.8M	276M	150.8M	198.5M	166.4M	177.8M	93.2M	168M	315.2M	204.2M	166.3M	232.6M
Capital expenditure	230K	0	—	—	—	5.2M	25.1M	-24.8M	-108.9M	-125.4M	-122.7M	-156.1M
Investing cash flow	-63.1M	518K	1.8M	-67K	-1.3M	4.7M	24.6M	2M	-84.5M	-118.3M	-122.2M	-155.5M
Dividends paid	-18.7M	-18.7M	-18.6M	-20.8M	-20.7M	-20.6M	-20.4M	-20.3M	-20.1M	-20M	-20M	-22.2M
Share repurchases	-18.6M	-28.4M	-47.9M	-51.8M	-54.8M	-50.4M	-48M	-50.4M	-50M	-38.9M	-18.3M	-18.9M
Financing cash flow	-62.4M	-92.1M	-54.3M	-54.9M	-286.4M	-101.5M	-55.1M	67M	-80.5M	1.9B	-59.2M	-20.2M
Net change in cash	153.2M	184.4M	98.3M	143.5M	-121.4M	81M	62.6M	236.9M	150.3M	2B	-15.1M	56.9M
Free cash flow	242.5M	194.1M	-4.8M	115.8M	270.3M	94.8M	-53.8M	65M	206.3M	78.8M	43.6M	76.4M

Date	Ratio
May 23, 2006	2:1
Jan 11, 2005	2:1
Jul 1, 2002	2:1
Dec 28, 1993	4:3
Dec 27, 1988	3:2
May 5, 1986	4:3
Aug 24, 1983	3:2
Feb 2, 1981	3:2

Commercial Metals Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history