Commercial Metals Co Financials

CMC

Source SEC Filings (10-K/10-Q) Updated Nov 30, 2025 Currency USD FYE August

This page shows Commercial Metals Co (CMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$7.8B

YoY-1.6%

5Y CAGR+7.3%

10Y CAGR+3.7%

Commercial Metals Co generated $7.8B in revenue in fiscal year 2025. This represents a decrease of 1.6% from the prior year.

EBITDA

N/A

Free Cash Flow

$312.2M

YoY-45.7%

5Y CAGR-12.3%

10Y CAGR+4.9%

Commercial Metals Co generated $312.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 45.7% from the prior year.

Net Income

$84.7M

YoY-82.6%

5Y CAGR-21.2%

10Y CAGR+0.6%

Commercial Metals Co reported $84.7M in net income in fiscal year 2025. This represents a decrease of 82.6% from the prior year.

EPS (Diluted)

$0.74

YoY-82.1%

5Y CAGR-20.4%

10Y CAGR+1.0%

Commercial Metals Co earned $0.74 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 82.1% from the prior year.

Cash & Debt

$1.0B

YoY+21.6%

5Y CAGR+14.0%

10Y CAGR+8.0%

Commercial Metals Co held $1.0B in cash against $1.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.72

YoY+5.9%

5Y CAGR+8.4%

10Y CAGR+4.1%

Commercial Metals Co paid $0.72 per share in dividends in fiscal year 2025. This represents an increase of 5.9% from the prior year.

Shares Outstanding

111M

YoY-2.6%

5Y CAGR-1.4%

10Y CAGR-0.4%

Commercial Metals Co had 111M shares outstanding in fiscal year 2025. This represents a decrease of 2.6% from the prior year.

Gross Margin

15.7%

YoY-1.5pp

5Y CAGR-1.6pp

10Y CAGR+4.7pp

Commercial Metals Co's gross margin was 15.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.

Operating Margin

N/A

Net Margin

1.1%

YoY-5.0pp

5Y CAGR-4.0pp

10Y CAGR-0.4pp

Commercial Metals Co's net profit margin was 1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.0 percentage points from the prior year.

Return on Equity

2.0%

YoY-9.3pp

5Y CAGR-12.8pp

10Y CAGR-3.7pp

Commercial Metals Co's ROE was 2.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$198.8M

YoY+8.7%

10Y CAGR+16.9%

Commercial Metals Co spent $198.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 8.7% from the prior year.

Capital Expenditures

$402.8M

YoY+24.2%

5Y CAGR+16.5%

10Y CAGR+12.9%

Commercial Metals Co invested $402.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 24.2% from the prior year.

CMC Income Statement

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Revenue	$7.8B-1.6%	$7.9B-9.9%	$8.8B-1.3%	$8.9B+32.4%	$6.7B+22.9%	$5.5B
Cost of Revenue	$6.6B+0.2%	$6.6B-6.0%	$7.0B-1.0%	$7.1B+25.5%	$5.6B+24.1%	$4.5B
Gross Profit	$1.2B-10.2%	$1.4B-25.0%	$1.8B-2.4%	$1.9B+67.9%	$1.1B+17.0%	$944.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$700.2M+4.8%	$668.4M+3.5%	$646.0M+18.5%	$545.0M+7.9%	$505.1M-0.4%	$507.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$45.5M-5.0%	$47.9M+19.4%	$40.1M-20.9%	$50.7M-2.3%	$51.9M-16.1%	$61.8M
Income Tax	$22.9M-84.8%	$150.2M-42.7%	$262.2M-12.0%	$297.9M+145.9%	$121.2M+31.0%	$92.5M
Net Income	$84.7M-82.6%	$485.5M-43.5%	$859.8M-29.4%	$1.2B+194.8%	$412.9M+47.7%	$279.5M
EPS (Diluted)	$0.74-82.1%	$4.14-42.9%	$7.25-27.1%	$9.95+194.4%	$3.38+45.7%	$2.32

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Revenue	$2.1B	N/A	$2.0B+15.1%	$1.8B-8.1%	$1.9B	N/A	$2.1B+12.5%	$1.8B
Cost of Revenue	$1.7B	N/A	$1.7B+12.1%	$1.5B-4.2%	$1.6B	N/A	$1.7B+12.0%	$1.6B
Gross Profit	$407.1M	N/A	$299.9M+36.6%	$219.5M-28.7%	$307.9M	N/A	$340.4M+14.9%	$296.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$195.6M	N/A	$175.8M+4.9%	$167.6M-5.8%	$177.9M	N/A	$168.0M+0.3%	$167.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$24.8M	N/A	$10.9M-2.7%	$11.2M-1.4%	$11.3M	N/A	$12.1M+2.0%	$11.9M
Income Tax	$5.7M	N/A	$26.4M+148.3%	$10.6M+119.1%	-$55.6M	N/A	$40.9M+31.5%	$31.1M
Net Income	$177.3M	N/A	$83.1M+226.3%	$25.5M+114.5%	-$175.7M	N/A	$119.4M+39.1%	$85.8M
EPS (Diluted)	$1.58	N/A	$0.73+231.8%	$0.22+114.3%	$-1.54	N/A	$1.02+39.7%	$0.73

CMC Balance Sheet

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Total Assets	$7.2B+5.2%	$6.8B+2.7%	$6.6B+6.4%	$6.2B+34.5%	$4.6B+13.6%	$4.1B
Current Assets	$3.5B+6.1%	$3.3B+4.7%	$3.1B-8.6%	$3.4B+25.7%	$2.7B+23.6%	$2.2B
Cash & Equivalents	$1.0B+21.6%	$857.9M+44.8%	$592.3M-11.9%	$672.6M+35.1%	$497.7M-8.2%	$542.1M
Inventory	$934.3M-3.9%	$971.8M-6.2%	$1.0B-11.5%	$1.2B+25.0%	$935.4M+49.6%	$625.4M
Accounts Receivable	$1.2B+3.7%	$1.2B-6.6%	$1.2B-8.7%	$1.4B+22.9%	$1.1B+25.5%	$880.7M
Goodwill	$386.8M+0.3%	$385.6M0.0%	$385.8M+54.9%	$249.0M+276.5%	$66.1M+2.8%	$64.3M
Total Liabilities	$3.0B+18.3%	$2.5B0.0%	$2.5B-14.7%	$3.0B+25.9%	$2.3B+6.9%	$2.2B
Current Liabilities	$1.3B+50.8%	$834.9M-1.1%	$843.7M-37.8%	$1.4B+38.4%	$980.5M+31.6%	$745.3M
Long-Term Debt	$1.2B+4.3%	$1.2B+3.3%	$1.1B+0.1%	$1.1B+9.6%	$1.0B-4.7%	$1.1B
Total Equity	$4.2B-2.5%	$4.3B+4.3%	$4.1B+25.4%	$3.3B+43.2%	$2.3B+21.5%	$1.9B
Retained Earnings	$4.5B+0.1%	$4.5B+9.9%	$4.1B+23.7%	$3.3B+53.1%	$2.2B+19.6%	$1.8B

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Total Assets	$9.2B+28.9%	$7.2B+2.5%	$7.0B+4.5%	$6.7B-1.2%	$6.8B-0.7%	$6.8B0.0%	$6.8B0.0%	$6.8B
Current Assets	$5.5B+57.6%	$3.5B+4.1%	$3.4B+7.4%	$3.1B-2.8%	$3.2B-2.3%	$3.3B+1.6%	$3.2B+1.3%	$3.2B
Cash & Equivalents	$1.0B-1.9%	$1.0B+16.8%	$893.0M+17.7%	$758.4M-11.4%	$856.1M-0.2%	$857.9M+22.9%	$698.3M+9.4%	$638.3M
Inventory	$951.1M+1.8%	$934.3M-7.1%	$1.0B+2.8%	$978.3M+1.9%	$960.1M-1.2%	$971.8M-9.6%	$1.1B-6.5%	$1.2B
Accounts Receivable	$1.2B-0.2%	$1.2B+4.0%	$1.2B+6.2%	$1.1B-1.6%	$1.1B-4.6%	$1.2B-2.0%	$1.2B+5.7%	$1.1B
Goodwill	$386.2M-0.2%	$386.8M+0.1%	$386.5M+0.7%	$383.8M-0.1%	$384.2M-0.4%	$385.6M+0.5%	$383.9M+0.1%	$383.6M
Total Liabilities	$4.9B+65.5%	$3.0B+2.8%	$2.9B+8.2%	$2.7B-2.9%	$2.8B+9.5%	$2.5B+2.7%	$2.5B+0.5%	$2.4B
Current Liabilities	$1.2B-2.2%	$1.3B+7.1%	$1.2B+6.0%	$1.1B-4.8%	$1.2B+39.6%	$834.9M+9.1%	$765.0M+0.3%	$762.5M
Long-Term Debt	$3.2B+166.7%	$1.2B0.0%	$1.2B+20.0%	$1.0B0.0%	$1.0B-13.1%	$1.2B+15.1%	$1.0B0.0%	$1.0B
Total Equity	$4.3B+2.8%	$4.2B+2.3%	$4.1B+2.1%	$4.0B-0.1%	$4.0B-6.6%	$4.3B+1.0%	$4.3B+0.9%	$4.2B
Retained Earnings	$4.7B+3.5%	$4.5B+3.0%	$4.4B+1.5%	$4.3B+0.1%	$4.3B-4.4%	$4.5B+1.9%	$4.4B+2.3%	$4.3B

CMC Cash Flow Statement

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Operating Cash Flow	$715.1M-20.5%	$899.7M-33.1%	$1.3B+91.9%	$700.3M+206.5%	$228.5M-71.1%	$791.2M
Capital Expenditures	$402.8M+24.2%	$324.3M-46.5%	$606.7M+34.8%	$450.0M+144.3%	$184.2M-1.8%	$187.6M
Free Cash Flow	$312.2M-45.7%	$575.4M-22.0%	$737.4M+194.6%	$250.3M+464.9%	$44.3M-92.7%	$603.6M
Investing Cash Flow	-$346.8M-7.4%	-$323.0M+61.3%	-$835.2M-22.0%	-$684.7M-322.3%	-$162.1M+16.0%	-$192.9M
Financing Cash Flow	-$183.4M+41.5%	-$313.8M+47.7%	-$599.5M-462.7%	$165.3M+251.1%	-$109.4M+55.9%	-$247.8M
Dividends Paid	$81.4M+3.3%	$78.9M+5.2%	$74.9M+10.6%	$67.7M+17.3%	$57.8M+1.2%	$57.1M
Share Buybacks	$198.8M+8.7%	$182.9M+80.4%	$101.4M-37.4%	$161.9M	$0	$0

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Operating Cash Flow	$204.2M	N/A	N/A	N/A	$213.0M	N/A	N/A	N/A
Capital Expenditures	$125.4M	N/A	N/A	N/A	$118.2M	N/A	N/A	N/A
Free Cash Flow	$78.8M	N/A	N/A	N/A	$94.8M	N/A	N/A	N/A
Investing Cash Flow	-$118.0M	N/A	N/A	N/A	-$113.5M	N/A	N/A	N/A
Financing Cash Flow	$1.9B	N/A	N/A	N/A	-$101.5M	N/A	N/A	N/A
Dividends Paid	$20.0M	N/A	N/A	N/A	$20.6M	N/A	N/A	N/A
Share Buybacks	$38.9M	N/A	N/A	N/A	$50.4M	N/A	N/A	N/A

CMC Financial Ratios

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Gross Margin	15.7%-1.5pp	17.1%-3.5pp	20.6%-0.2pp	20.8%+4.4pp	16.4%-0.8pp	17.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	1.1%-5.0pp	6.1%-3.6pp	9.8%-3.9pp	13.7%+7.5pp	6.1%+1.0pp	5.1%
Return on Equity	2.0%-9.3pp	11.3%-9.6pp	20.9%-16.2pp	37.0%+19.1pp	18.0%+3.2pp	14.8%
Return on Assets	1.2%-5.9pp	7.1%-5.8pp	13.0%-6.6pp	19.5%+10.6pp	8.9%+2.0pp	6.9%
Current Ratio	2.78-1.2	3.94+0.2	3.73+1.2	2.54-0.3	2.79-0.2	2.97
Debt-to-Equity	0.29+0.0	0.270.0	0.27-0.1	0.34-0.1	0.44-0.1	0.56
FCF Margin	4.0%-3.3pp	7.3%-1.1pp	8.4%+5.6pp	2.8%+2.1pp	0.7%-10.4pp	11.0%

Metric	Q1'26	Q1'26	Q3'25	Q2'25	Q1'26	Q3'25	Q3'25	Q2'25
Gross Margin	19.2%	N/A	14.8%+2.3pp	12.5%-3.6pp	16.1%	N/A	16.4%+0.4pp	16.0%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.4%	N/A	4.1%+2.7pp	1.5%+10.7pp	-9.2%	N/A	5.8%+1.1pp	4.6%
Return on Equity	4.1%	N/A	2.0%+1.4pp	0.6%	N/A	N/A	2.8%+0.8pp	2.0%
Return on Assets	1.9%	N/A	1.2%+0.8pp	0.4%+3.0pp	-2.6%	N/A	1.8%+0.5pp	1.3%
Current Ratio	4.47+1.7	2.78-0.1	2.86+0.0	2.82+0.1	2.76-1.2	3.94-0.3	4.24+0.0	4.19
Debt-to-Equity	0.74+0.5	0.290.0	0.29+0.0	0.250.0	0.25-0.0	0.27+0.0	0.230.0	0.24
FCF Margin	3.7%	N/A	N/A	N/A	5.0%	N/A	N/A	N/A

Financial Health Signals

Financial Profile 49/100

Profitability

N/A

Growth

Leverage

100

Liquidity

Cash Flow

Returns

Based on FY2025 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Neutral

5/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

8.45x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is Commercial Metals Co's annual revenue?

Commercial Metals Co (CMC) reported $7.8B in total revenue for fiscal year 2025. This represents a -1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Commercial Metals Co's revenue growing?

Commercial Metals Co (CMC) revenue declined by 1.6% year-over-year, from $7.9B to $7.8B in fiscal year 2025.

Is Commercial Metals Co profitable?

Yes, Commercial Metals Co (CMC) reported a net income of $84.7M in fiscal year 2025, with a net profit margin of 1.1%.

What is Commercial Metals Co's earnings per share (EPS)?

Commercial Metals Co (CMC) reported diluted earnings per share of $0.74 for fiscal year 2025. This represents a -82.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Commercial Metals Co have?

As of fiscal year 2025, Commercial Metals Co (CMC) had $1.0B in cash and equivalents against $1.2B in long-term debt.

What is Commercial Metals Co's gross margin?

Commercial Metals Co (CMC) had a gross margin of 15.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Commercial Metals Co's net profit margin?

Commercial Metals Co (CMC) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Commercial Metals Co pay dividends?

Yes, Commercial Metals Co (CMC) paid $0.72 per share in dividends during fiscal year 2025.

What is Commercial Metals Co's return on equity (ROE)?

Commercial Metals Co (CMC) has a return on equity of 2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Commercial Metals Co's free cash flow?

Commercial Metals Co (CMC) generated $312.2M in free cash flow during fiscal year 2025. This represents a -45.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Commercial Metals Co's operating cash flow?

Commercial Metals Co (CMC) generated $715.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Commercial Metals Co's total assets?

Commercial Metals Co (CMC) had $7.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Commercial Metals Co's capital expenditures?

Commercial Metals Co (CMC) invested $402.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Commercial Metals Co buy back shares?

Yes, Commercial Metals Co (CMC) spent $198.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Commercial Metals Co have outstanding?

Commercial Metals Co (CMC) had 111M shares outstanding as of fiscal year 2025.

What is Commercial Metals Co's current ratio?

Commercial Metals Co (CMC) had a current ratio of 2.78 as of fiscal year 2025, which is generally considered healthy.

What is Commercial Metals Co's debt-to-equity ratio?

Commercial Metals Co (CMC) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Commercial Metals Co's return on assets (ROA)?

Commercial Metals Co (CMC) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Commercial Metals Co's Piotroski F-Score?

Commercial Metals Co (CMC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Commercial Metals Co's earnings high quality?

Commercial Metals Co (CMC) has an earnings quality ratio of 8.45x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

How financially healthy is Commercial Metals Co?

Commercial Metals Co (CMC) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.