Commercial Metals (CMC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Commercial Metals

NYSE•Industrials•Metal Fabrication

$62.82-0.59(-0.01%)Market open

Market Cap

$7.28B

P/E

11.1x

P/S

0.8x

P/B

1.6x

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through three segments: North America Steel Group, Construction Solutions Group, and Europe Steel Group. The company processes and sells ferrous and nonferrous scrap metals. It also offers finished long steel products, including reinforcing bars, merchant bars, light structural and other special sections, and wire rods, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete; sells and rents construction-related products and equipment; and manufactures and sells strength and armor plates. Further, it sells wire meshes, welded steel mesh, wire rod, cold rolled rebar, cold rolled wire rod, assembled rebar cages and other fabricated rebar by-products. The company was founded in 1915 and is headquartered in Irving, Texas.

How this company scores

ExcellentMetricSide Score: 83/100

Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability23/25

Growth25/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality20/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.1x5y range 5.1x – 142.6x

Currently near its 20-quarter median.

P/S · 0.8x5y range 0.7x – 1.0x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.3x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Watch

Debt-to-equity has risen 125.8% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $7.28B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.39B
Q. Revenue: $2.66B
TTM EBITDA: $1.88B
TTM Op. Income: $1.49B
Q. Op. Income: $434.78M
TTM Net Income: $655.85M
Q. Net Income: $212.52M
EPS: $1.922
Shares Out.: $110.56M

$9.39B in TTM revenue grew 20.5% YoY, reaching $2.66B last quarter. TTM EBITDA of $1.88B and TTM operating income of $1.49B show growth is flowing through to the bottom line. TTM net income of $655.85M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 20.6%
Op. Margin: 16.4%
Net Margin: 8.0%

Op. margin of 16.4% is up 0.8% YoY — cost efficiency is improving. Net margin at 8.0% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.1x
P/S Ratio: 0.8x
P/B Ratio: 1.6x

At 11.1x P/E, the stock trades below typical market levels. P/S of 0.8x and P/B of 1.6x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 5 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.26B
Cash: $775.68M
Long-Term Debt: $3.31B
Book Value: $4.70B
D/E Ratio: 0.7
Debt/EBITDA: 6.0

With $10.26B in assets and $3.31B in long-term debt, D/E is 0.7and book value is $4.70B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $455.94M
TTM Free Cash Flow: $479.12M
FCF Margin: 5.1%
FCF / Net Income: 0.7

TTM FCF of $479.12M on $455.94M in operating cash flow. The FCF / Net Income ratio of 0.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.