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

$70.28+1.53(0.02%)Market closed

Market Cap

$7.45B

P/E

12.5x

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; Europe Steel Group; and Emerging Businesses Group. 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 reinforcing bar, merchant bar, light structural, wire rod, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar 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 sells wire meshes, welded steel mesh, wire rod, cold rolled rebar, cold rolled wire rod, 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.

How this company scores

ExcellentMetricSide Score: 80/100

Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability23/25

Growth24/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality18/25

Strengths

Growing revenueStrong marginsRising earningsInterest easily covered

Valuation vs. 5-year range

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

P/E · 12.5x5y range 4.0x – 142.6x

Currently near its 20-quarter median.

P/S · 0.8x5y range 0.5x – 1.0x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.2x – 1.8x

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 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Watch

Debt-to-equity has risen 129.8% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $7.45B

Metrics at a Glance

as of May 2026

Revenue & Profit

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

TTM Revenue: $8.85B
Q. Revenue: $2.48B
TTM EBITDA: $1.74B
TTM Op. Income: $1.38B
Q. Op. Income: $385.56M
TTM Net Income: $595.11M
Q. Net Income: $173.01M
EPS: $1.56
Shares Out.: $110.85M

$8.85B in TTM revenue grew 15.2% YoY, reaching $2.48B last quarter. TTM EBITDA of $1.74B and TTM operating income of $1.38B show growth is flowing through to the bottom line. TTM net income of $595.11M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 19.9%
Op. Margin: 15.5%
Net Margin: 7.0%

Op. margin of 15.5% is up 4.1% YoY — cost efficiency is improving. Net margin at 7.0% Over the past year, operating margin is up 36% — an improving trend.

Price Ratios

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

P/E Ratio: 12.5x
P/S Ratio: 0.8x
P/B Ratio: 1.6x

At 12.5x 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 4 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $9.80B
Cash: $559.76M
Long-Term Debt: $3.31B
Book Value: $4.53B
D/E Ratio: 0.7
Debt/EBITDA: 6.7

With $9.80B in assets and $3.31B in long-term debt, D/E is 0.7and book value is $4.53B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $232.57M
TTM Free Cash Flow: $405.04M
FCF Margin: 4.6%
FCF / Net Income: 0.7

TTM FCF of $405.04M on $232.57M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.