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Commercial Metals Company (CMC) 10-Year Financial Performance & Capital Metrics

CMC • • Industrial / General
Basic MaterialsSteelIntegrated Steel ProducersRegional Integrated Producers
AboutCommercial 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 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 rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products 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, fabricated meshes, 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.Show more
  • Revenue $7.8B -1.6%
  • EBITDA $806M -17.3%
  • Net Income $85M -82.6%
  • EPS (Diluted) 0.74 -82.1%
  • Gross Margin 15.65% -8.7%
  • EBITDA Margin 10.33% -15.9%
  • Operating Margin 6.67% -23.8%
  • Net Margin 1.09% -82.3%
  • ROE 1.99% -82.7%
  • ROIC 8.54% -23.6%
  • Debt/Equity 0.32 +16.7%
  • Interest Coverage 11.43 -21.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 83 (top 17%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 2.6% through buybacks
  • ✓Trading near 52-week high
  • ✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

  • ✗Profits declining 21.2% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.7%
5Y7.33%
3Y-4.36%
TTM2.26%

Profit (Net Income) CAGR

10Y0.64%
5Y-21.25%
3Y-58.88%
TTM227.84%

EPS CAGR

10Y1%
5Y-20.43%
3Y-57.95%
TTM249.55%

ROCE

10Y Avg13.74%
5Y Avg18.06%
3Y Avg14.14%
Latest8.74%

Peer Comparison

Regional Integrated Producers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CMCCommercial Metals Company8.41B75.80102.43-1.61%5.46%10.15%3.71%0.32
STLDSteel Dynamics, Inc.25.57B175.1117.80-6.68%6.39%12.56%0.37
SIDCompanhia Siderúrgica Nacional2.52B1.90-1.64-3.85%-3.42%-47.72%100%3.69
ASTLAlgoma Steel Group Inc.480.6M4.58-2.23-12.2%-13.42%-23.83%0.45
TXTernium S.A.8.23B41.90-155.190.22%3.72%3.58%0.5%0.11

Profit & Loss

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Sales/Revenue+3.6B3.84B4.64B5.83B5.48B6.73B8.91B8.8B7.93B7.8B
Revenue Growth %-0.34%0.07%0.21%0.26%-0.06%0.23%0.32%-0.01%-0.1%-0.02%
Cost of Goods Sold+3.02B3.32B4.02B5.03B4.53B5.62B7.06B6.99B6.57B6.58B
COGS % of Revenue0.84%0.86%0.87%0.86%0.83%0.84%0.79%0.79%0.83%0.84%
Gross Profit+574.21M521.36M622.16M803.49M944.8M1.11B1.86B1.81B1.36B1.22B
Gross Margin %0.16%0.14%0.13%0.14%0.17%0.16%0.21%0.21%0.17%0.16%
Gross Profit Growth %-0.04%-0.09%0.19%0.29%0.18%0.17%0.68%-0.02%-0.25%-0.1%
Operating Expenses+574.21M521.36M622.16M463.27M503.77M505.12M544.98M643.53M665.08M700.23M
OpEx % of Revenue0.16%0.14%0.13%0.08%0.09%0.08%0.06%0.07%0.08%0.09%
Selling, General & Admin383.75M387.35M401.45M463.27M503.77M505.12M544.98M643.53M665.08M700.23M
SG&A % of Revenue0.11%0.1%0.09%0.08%0.09%0.08%0.06%0.07%0.08%0.09%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses190.46M134M220.71M0000000
Operating Income+190.46M134M220.71M340.22M440.23M600.74M1.31B1.17B693.6M519.92M
Operating Margin %0.05%0.03%0.05%0.06%0.08%0.09%0.15%0.13%0.09%0.07%
Operating Income Growth %0.04%-0.3%0.65%0.54%0.29%0.36%1.18%-0.11%-0.41%-0.25%
EBITDA+317.4M259.07M352.37M498.89M605.98M768.35M1.49B1.39B973.97M805.8M
EBITDA Margin %0.09%0.07%0.08%0.09%0.11%0.11%0.17%0.16%0.12%0.1%
EBITDA Growth %0.01%-0.18%0.36%0.42%0.21%0.27%0.93%-0.07%-0.3%-0.17%
D&A (Non-Cash Add-back)126.94M125.07M131.66M158.67M165.76M167.61M175.02M218.83M280.37M285.88M
EBIT138.95M109.6M206.34M339.83M432.62M585.92M1.57B1.16B683.56M153.04M
Net Interest Income+-62.97M-44.15M-40.96M-71.37M-61.84M-51.9M-50.71M-40.13M-47.89M-45.5M
Interest Income0000000000
Interest Expense62.97M44.15M40.96M71.37M61.84M51.9M50.71M40.13M47.89M45.5M
Other Income/Expense-114.48M-68.55M-55.33M-71.76M-69.45M-66.72M203.74M-46.41M-57.93M-412.38M
Pretax Income+75.98M65.45M165.38M268.46M370.78M534.02M1.52B1.12B635.67M107.55M
Pretax Margin %0.02%0.02%0.04%0.05%0.07%0.08%0.17%0.13%0.08%0.01%
Income Tax+13.98M15.28M30.15M69.68M92.48M121.15M297.88M262.21M150.18M22.88M
Effective Tax Rate %0.72%0.71%0.84%0.74%0.75%0.77%0.8%0.77%0.76%0.79%
Net Income+54.76M46.33M138.51M198.09M279.5M412.87M1.22B859.76M485.49M84.66M
Net Margin %0.02%0.01%0.03%0.03%0.05%0.06%0.14%0.1%0.06%0.01%
Net Income Growth %-0.31%-0.15%1.99%0.43%0.41%0.48%1.95%-0.29%-0.44%-0.83%
Net Income (Continuing)62M50.17M135.24M198.78M278.3M412.87M1.22B859.76M485.49M84.66M
Discontinued Operations-7.24M-3.84M3.27M-686K1.2M00000
Minority Interest159K173K186K196K212K232K232K241K248K260K
EPS (Diluted)+0.470.391.171.662.323.389.957.254.140.74
EPS Growth %-0.3%-0.17%2%0.42%0.4%0.46%1.94%-0.27%-0.43%-0.82%
EPS (Basic)0.480.401.191.682.353.4310.097.344.190.75
Diluted Shares Outstanding116.62M117.36M118.15M119.12M120.31M121.98M122.37M118.61M117.15M114.09M
Basic Shares Outstanding115.21M115.65M116.82M117.83M118.92M120.34M120.65M117.08M115.84M112.99M
Dividend Payout Ratio1.01%1.2%0.4%0.29%0.2%0.14%0.06%0.09%0.16%0.96%

Balance Sheet

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Total Current Assets+2.05B1.71B2.08B2.08B2.21B2.74B3.44B3.14B3.29B3.49B
Cash & Short-Term Investments517.54M252.59M622.47M192.46M542.1M497.75M672.6M592.33M857.92M1.04B
Cash Only517.54M252.59M622.47M192.46M542.1M497.75M672.6M592.33M857.92M1.04B
Short-Term Investments0000000000
Accounts Receivable689.38M561.41M749.48M1.02B880.73M1.11B1.36B1.24B1.16B1.2B
Days Sales Outstanding69.9753.3158.9163.6358.759.9655.6551.4453.3756.24
Inventory540.01M462.65M589M692.37M625.39M935.39M1.17B1.04B971.75M934.31M
Days Inventory Outstanding65.2350.8253.4650.2950.3760.7160.554.0954.0151.84
Other Current Assets301.19M437.25M116.24M0025.08M60K276.02M304.14M315.58M
Total Non-Current Assets+1.08B1.26B1.25B1.68B1.87B1.9B2.8B3.49B3.53B3.68B
Property, Plant & Equipment895.04M1.05B1.08B1.5B1.57B1.57B1.91B2.41B2.58B2.74B
Fixed Asset Turnover4.02x3.66x4.32x3.88x3.49x4.30x4.66x3.65x3.08x2.84x
Goodwill66.37M64.92M64.31M64.14M64.32M66.14M249.01M385.82M385.63M386.85M
Intangible Assets12.58M12.78M14.02M13.31M12.65M10.1M258.15M259.16M234.87M210.81M
Long-Term Investments0000000184.26M30.4M43.94M
Other Non-Current Assets108.75M131.86M97.73M100.34M219.59M259.47M378.27M256.34M297.03M292.64M
Total Assets+3.13B2.98B3.33B3.76B4.08B4.64B6.24B6.64B6.82B7.17B
Asset Turnover1.15x1.29x1.40x1.55x1.34x1.45x1.43x1.33x1.16x1.09x
Asset Growth %-0.09%-0.05%0.12%0.13%0.09%0.14%0.34%0.06%0.03%0.05%
Total Current Liabilities+821.12M608.44M541.94M694.59M745.26M980.47M1.36B843.71M834.85M1.26B
Accounts Payable207.88M226.46M261.26M288M266.1M450.72M428.06M364.39M350.55M358.37M
Days Payables Outstanding25.1124.8823.7120.9221.4329.2522.1419.0319.4819.88
Short-Term Debt313.47M19.18M19.75M17.44M18.15M54.37M388.8M40.51M38.79M44.29M
Deferred Revenue (Current)001000K1000K1000K00000
Other Current Liabilities36.69M87.83M23.46M38.48M39.38M00000
Current Ratio2.49x2.82x3.83x2.99x2.97x2.79x2.54x3.73x3.94x2.78x
Quick Ratio1.84x2.06x2.75x2.00x2.13x1.84x1.67x2.50x2.78x2.03x
Cash Conversion Cycle110.0979.2588.6692.9987.6491.429486.587.988.2
Total Non-Current Liabilities+942.32M965.76M1.29B1.44B1.45B1.36B1.59B1.67B1.68B1.72B
Long-Term Debt757.95M805.58M1.14B1.23B1.07B1.02B1.11B1.11B1.15B1.31B
Capital Lease Obligations0000000000
Deferred Tax Liabilities63.02M49.16M37.83M79.29M130.81M112.07M250.3M306.8M276.91M184.65M
Other Non-Current Liabilities121.35M111.02M116.33M133.62M250.71M235.61M230.06M253.18M255.22M225.04M
Total Liabilities1.76B1.57B1.83B2.13B2.19B2.34B2.95B2.52B2.52B2.98B
Total Debt+1.07B824.76M1.16B1.24B1.08B1.07B1.5B1.15B1.19B1.35B
Net Debt553.87M572.17M535.89M1.05B541.58M572.04M829.45M562.47M331.7M311.04M
Debt / Equity0.78x0.59x0.78x0.77x0.57x0.47x0.46x0.28x0.28x0.32x
Debt / EBITDA3.38x3.18x3.29x2.49x1.79x1.39x1.01x0.83x1.22x1.68x
Net Debt / EBITDA1.75x2.21x1.52x2.11x0.89x0.74x0.56x0.41x0.34x0.39x
Interest Coverage3.02x3.04x5.39x4.77x7.12x11.57x25.86x29.12x14.48x11.43x
Total Equity+1.37B1.4B1.49B1.62B1.89B2.3B3.29B4.12B4.3B4.19B
Equity Growth %-0.01%0.02%0.07%0.09%0.16%0.21%0.43%0.25%0.04%-0.02%
Book Value per Share11.7311.9412.6413.6315.7018.8126.8634.7536.7036.76
Total Shareholders' Equity1.37B1.4B1.49B1.62B1.89B2.29B3.29B4.12B4.3B4.19B
Common Stock1.29M1.29M1.29M1.29M1.29M1.29M1.29M1.29M1.29M1.29M
Retained Earnings1.37B1.36B1.45B1.59B1.81B2.16B3.31B4.1B4.5B4.51B
Treasury Stock-252.84M-232.08M-213.38M-197.35M-175.06M-152.58M-295.85M-368.57M-526.68M-697M
Accumulated OCI-112.91M-81.51M-93.68M-124.13M-103.76M-84.82M-114.45M-3.78M-85.95M-25.25M
Minority Interest159K173K186K196K212K232K232K241K248K260K

Cash Flow

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Cash from Operations+586.87M174.47M158.68M37M791.2M228.47M700.31M1.34B899.71M715.07M
Operating CF Margin %0.16%0.05%0.03%0.01%0.14%0.03%0.08%0.15%0.11%0.09%
Operating CF Growth %0.87%-0.7%-0.09%-0.77%20.38%-0.71%2.07%0.92%-0.33%-0.21%
Net Income54.76M46.33M138.51M198.09M279.5M412.87M1.22B859.76M485.49M151.78M
Depreciation & Amortization126.94M125.07M131.66M158.67M165.76M167.61M175.02M218.83M280.37M285.88M
Stock-Based Compensation26.34M30.31M23.93M25.11M31.85M43.68M46.98M60.53M45.07M37.05M
Deferred Taxes-2.19M-14.18M14.38M49.52M49.58M-39.87M86.17M51.92M-15.32M-98.3M
Other Non-Cash Items79.52M-563.14M-652.81M-443.09M-21.55M9.32M-251.89M4.38M11.13M300.11M
Working Capital Changes301.5M-65.94M-167.44M48.7M286.06M-365.13M-573.24M148.68M92.97M38.55M
Change in Receivables123.04M3.2M-88.66M27.2M146.38M-228.03M-257.61M175.1M75.7M-28.62M
Change in Inventory209.56M-98.83M-43.2M89.66M78.9M-316.32M-255.18M177.02M61.78M42.59M
Change in Payables00000194.8M3.9M-174.12M-23.56M49.84M
Cash from Investing+-175.65M-113.72M-70.67M-462.05M-192.94M-162.13M-684.72M-835.23M-323M-346.77M
Capital Expenditures-163.33M-213.12M-174.66M-138.84M-187.62M-184.16M-449.99M-606.66M-324.27M-402.82M
CapEx % of Revenue0.05%0.06%0.04%0.02%0.03%0.03%0.05%0.07%0.04%0.05%
Acquisitions----------
Investments----------
Other Investing-9.72M-7.96M110.96M377.73M12.82M23.92M317.72M6.16M1.27M279K
Cash from Financing+-377.72M-324.49M259.43M-13.24M-247.79M-109.39M165.31M-599.48M-313.76M-183.44M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-55.34M-55.51M-56.08M-56.54M-57.06M-57.77M-67.75M-74.94M-78.87M-81.43M
Share Repurchases----------
Other Financing-80.39M-32.58M-14.53M-9M-3.33M-15.94M-16.71M-1.89M7K12K
Net Change in Cash----------
Free Cash Flow+423.53M-38.65M-15.97M-101.83M603.59M44.31M250.32M737.44M575.44M312.25M
FCF Margin %0.12%-0.01%-0%-0.02%0.11%0.01%0.03%0.08%0.07%0.04%
FCF Growth %1.18%-1.09%0.59%-5.37%6.93%-0.93%4.65%1.95%-0.22%-0.46%
FCF per Share3.63-0.33-0.14-0.855.020.362.056.224.912.74
FCF Conversion (FCF/Net Income)10.72x3.77x1.15x0.19x2.83x0.55x0.58x1.56x1.85x8.45x
Interest Paid74.72M65.67M39.97M65.19M59.71M58.33M47.33M64.43M49.46M51.08M
Taxes Paid50.2M30.96M7.2M7.98M44.5M140.95M229.32M199.88M158.46M116.16M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)3.98%3.35%9.57%12.71%15.91%19.73%43.62%23.21%11.53%1.99%
Return on Invested Capital (ROIC)6.93%5.16%8.27%10.84%12.93%17.01%28.17%19.92%11.17%8.54%
Gross Margin15.97%13.56%13.4%13.78%17.25%16.43%20.83%20.59%17.14%15.65%
Net Margin1.52%1.21%2.98%3.4%5.1%6.13%13.66%9.77%6.13%1.09%
Debt / Equity0.78x0.59x0.78x0.77x0.57x0.47x0.46x0.28x0.28x0.32x
Interest Coverage3.02x3.04x5.39x4.77x7.12x11.57x25.86x29.12x14.48x11.43x
FCF Conversion10.72x3.77x1.15x0.19x2.83x0.55x0.58x1.56x1.85x8.45x
Revenue Growth-33.71%6.9%20.8%25.52%-6.05%22.88%32.45%-1.28%-9.93%-1.61%

Revenue by Segment

2016201720182019202020212022202320242025
Steel Products3.16B3.26B3.11B4.48B2.29B3.1B4.19B3.85B3.24B3.29B
Steel Products Growth-3.37%-4.54%43.91%-49.00%35.57%35.25%-8.03%-16.00%1.67%
Downstream Products----2.06B2.01B2.54B2.72B2.5B2.29B
Downstream Products Growth------2.71%26.49%7.10%-8.15%-8.40%
Raw Material Products----728.21M1.18B1.53B1.34B1.33B1.33B
Raw Material Products Growth-----62.43%29.30%-12.20%-0.96%-0.10%
Other Product91.96M123.81M98.75M121.48M400.32M441.92M174.64M216.99M320.74M325.51M
Other Product Growth-34.63%-20.24%23.02%229.54%10.39%-60.48%24.25%47.81%1.49%
Construction Products-228.91M249.54M259.69M--480.8M667.41M290.3M304.13M
Construction Products Growth--9.01%4.07%---38.81%-56.50%4.76%
Ground Stabilization Products--------250.94M261.74M
Ground Stabilization Products Growth---------4.30%
Nonferrous Scrap364.69M-630.61M518.69M------
Nonferrous Scrap Growth----17.75%------
Ferrous Scrap287.71M-550.6M447.53M------
Ferrous Scrap Growth----18.72%------
Industrial Materials453.71M---------
Industrial Materials Growth----------
Construction Materials242.96M---------
Construction Materials Growth----------
Nonferrous Products13.46M---------
Nonferrous Products Growth----------

Revenue by Geography

2016201720182019202020212022202320242025
UNITED STATES3.22B---4.56B5.3B6.79B6.89B6.47B6.22B
UNITED STATES Growth-----16.07%28.28%1.50%-6.23%-3.86%
Other Geographical Areas-------744.96M662.23M964.76M
Other Geographical Areas Growth---------11.11%45.68%
POLAND----549.98M793.08M1.08B941.81M583.32M617.62M
POLAND Growth-----44.20%36.05%-12.71%-38.06%5.88%
CHINA----76.91M156.1M246.68M217.78M215.04M-
CHINA Growth-----102.97%58.03%-11.72%-1.26%-
International, Excluding Poland, China and Germany----221.4M485.14M794.79M---
International, Excluding Poland, China and Germany Growth-----119.13%63.83%---
GERMANY----65.85M-----
GERMANY Growth----------
Americas Mills-1.57B2B3.07B------
Americas Mills Growth--27.56%53.65%------
Americas Fabrication-1.38B1.43B2.22B------
Americas Fabrication Growth--3.78%55.71%------
Americas Recycling-1.01B1.37B1.15B------
Americas Recycling Growth--34.99%-16.03%------
Europe771.12M---------
Europe Growth----------
Asia429.91M---------
Asia Growth----------
Australia/New Zealand125.07M---------
Australia/New Zealand Growth----------
Other Foreign Countries63.97M---------
Other Foreign Countries Growth----------

Frequently Asked Questions

Valuation & Price

Commercial Metals Company (CMC) has a price-to-earnings (P/E) ratio of 102.4x. This suggests investors expect higher future growth.

Growth & Financials

Commercial Metals Company (CMC) reported $8.01B in revenue for fiscal year 2025. This represents a 5% increase from $7.66B in 2012.

Commercial Metals Company (CMC) saw revenue decline by 1.6% over the past year.

Yes, Commercial Metals Company (CMC) is profitable, generating $437.7M in net income for fiscal year 2025 (1.1% net margin).

Dividend & Returns

Yes, Commercial Metals Company (CMC) pays a dividend with a yield of 0.94%. This makes it attractive for income-focused investors.

Commercial Metals Company (CMC) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.

Commercial Metals Company (CMC) generated $296.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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