Commercial Metals Co Financials
Commercial Metals Co (CMC) reported $7.8B in revenue for fiscal year 2025, down 1.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
A cyclical margin business is converting weak earnings into cash, while rising overhead and obligations reduce the quality of that resilience.
In FY2025, net income fell 82.6% from FY2024, yet operating cash flow was 8.4x net income. FCF still reached$312M , indicating cash generation was supported by noncash charges and working-capital movements, making it more resilient than earnings but not a proxy for normalized profitability.
Gross margin compressed from
Cash climbed to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Commercial Metals Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Commercial Metals Co, and counted as zero in the overall score.
Commercial Metals Co's revenue declined 1.6% year-over-year, from $7.9B to $7.8B. This contraction results in a growth score of 16/100.
Commercial Metals Co carries a low D/E ratio of 0.31, meaning only $0.31 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.78, Commercial Metals Co holds $2.78 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.
Commercial Metals Co has a free cash flow margin of 4.0%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.
Not available for Commercial Metals Co, and counted as zero in the overall score.
Commercial Metals Co passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Commercial Metals Co generates $8.45 in operating cash flow ($715.1M OCF vs $84.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Commercial Metals Co generated $7.8B in revenue in fiscal year 2025. This represents a decrease of 1.6% from the prior year.
Commercial Metals Co reported $84.7M in net income in fiscal year 2025. This represents a decrease of 82.6% from the prior year.
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.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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.
Commercial Metals Co held $1.0B in cash against $1.3B in long-term debt as of fiscal year 2025.
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.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2025.
Capital Allocation
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.
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.
Not reported for fiscal year 2025.
CMC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.9B | $7.8B-1.6% | $7.9B-9.9% | $8.8B-1.3% | $8.9B+32.4% | $6.7B+22.9% | $5.5B-6.0% | $5.8B+25.5% | $4.6B+20.8% | $3.8B+6.9% | $3.6B-33.7% | $5.4B-20.1% | $6.8B+2.9% | $6.6B-13.8% | $7.7B-3.3% | $7.9B |
| Cost of Revenue | $7.2B | $6.6B+0.2% | $6.6B-6.0% | $7.0B-1.0% | $7.1B+25.5% | $5.6B+24.1% | $4.5B-9.8% | $5.0B+25.0% | $4.0B+21.0% | $3.3B+10.0% | $3.0B-37.4% | $4.8B-20.8% | $6.1B+2.4% | $6.0B-14.2% | $6.9B-1.4% | $7.0B |
| Gross Profit | $1.6B | $1.2B-10.2% | $1.4B-25.0% | $1.8B-2.4% | $1.9B+67.9% | $1.1B+17.0% | $944.8M+17.6% | $803.5M+29.1% | $622.2M+19.3% | $521.4M-9.2% | $574.2M-3.8% | $596.9M-14.0% | $694.2M+6.9% | $649.2M-9.4% | $716.6M-18.7% | $881.0M |
| SG&A Expenses | $830.2M | $700.2M+4.8% | $668.4M+3.5% | $646.0M+18.5% | $545.0M+7.9% | $505.1M-0.4% | $507.0M+9.4% | $463.3M+15.4% | $401.5M+3.6% | $387.4M+0.9% | $383.7M-7.3% | $414.1M-7.8% | $448.9M+2.1% | $439.6M-8.8% | $481.7M-5.3% | $508.9M |
| Interest Expense | $48.0M | $45.5M-5.0% | $47.9M+19.4% | $40.1M-20.9% | $50.7M-2.3% | $51.9M-16.1% | $61.8M-13.4% | $71.4M+74.3% | $41.0M-7.2% | $44.2M-29.9% | $63.0M-17.6% | $76.5M-0.8% | $77.0M+12.6% | $68.4M-1.5% | $69.5M-0.5% | $69.8M |
| Income Tax | $79.6M | $22.9M-84.8% | $150.2M-42.7% | $262.2M-12.0% | $297.9M+145.9% | $121.2M+31.0% | $92.5M+32.7% | $69.7M+131.1% | $30.1M+97.3% | $15.3M+9.3% | $14.0M-58.2% | $33.5M-29.3% | $47.4M-18.3% | $58.0M+226.7% | -$45.8M-413.6% | $14.6M |
| Net Income | $595.1M | $84.7M-82.6% | $485.5M-43.5% | $859.8M-29.4% | $1.2B+194.8% | $412.9M+47.7% | $279.5M+41.1% | $198.1M+43.0% | $138.5M+198.9% | $46.3M-15.4% | $54.8M-31.1% | $79.4M-29.8% | $113.2M+46.5% | $77.3M-62.7% | $207.5M+260.1% | -$129.6M |
| EPS (Diluted) | — | $0.74-82.1% | $4.14-42.9% | $7.25-27.1% | $9.95+194.4% | $3.38+45.7% | $2.32+39.8% | $1.66+41.9% | $1.17+200.0% | $0.39-17.0% | $0.47-29.9% | $0.67-29.5% | $0.95+43.9% | $0.66-62.9% | $1.78+258.9% | -$1.12 |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CMC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.2B+5.2% | $6.8B+2.7% | $6.6B+6.4% | $6.2B+34.5% | $4.6B+13.6% | $4.1B+8.6% | $3.8B+12.9% | $3.3B+11.9% | $3.0B-5.0% | $3.1B-9.0% | $3.4B-6.7% | $3.7B+5.5% | $3.5B+1.6% | $3.4B-6.6% | $3.7B |
| Current Assets | $3.5B+6.1% | $3.3B+4.7% | $3.1B-8.6% | $3.4B+25.7% | $2.7B+23.6% | $2.2B+6.4% | $2.1B+0.1% | $2.1B+21.2% | $1.7B-16.3% | $2.0B-14.0% | $2.4B-6.8% | $2.6B+7.9% | $2.4B+5.6% | $2.2B-3.7% | $2.3B |
| Cash & Equivalents | $1.0B+21.7% | $859.6M+44.3% | $595.7M-12.3% | $679.2M+35.5% | $501.1M-8.0% | $545.0M+181.3% | $193.7M-69.4% | $632.6M+121.3% | $285.9M-47.0% | $539.7M+11.1% | $485.7M+11.7% | $434.9M+14.8% | $378.8M+44.3% | $262.4M+18.0% | $222.4M |
| Inventory | $934.3M-3.9% | $971.8M-6.2% | $1.0B-11.5% | $1.2B+25.0% | $935.4M+49.6% | $625.4M-9.7% | $692.4M+17.5% | $589.0M+27.3% | $462.6M-14.3% | $540.0M-38.7% | $880.5M-5.9% | $935.4M+23.5% | $757.4M-6.3% | $807.9M-11.1% | $908.3M |
| Accounts Receivable | $1.2B+3.7% | $1.2B-6.6% | $1.2B-8.7% | $1.4B+22.9% | $1.1B+25.5% | $880.7M-13.3% | $1.0B+35.6% | $749.5M+33.5% | $561.4M-18.6% | $689.4M-23.5% | $900.6M-12.4% | $1.0B+3.9% | $989.7M+3.3% | $958.4M+0.2% | $956.9M |
| Goodwill | $386.8M+0.3% | $385.6M0.0% | $385.8M+54.9% | $249.0M+276.5% | $66.1M+2.8% | $64.3M+0.3% | $64.1M-0.3% | $64.3M-0.9% | $64.9M-2.2% | $66.4M0.0% | $66.4M-10.7% | $74.3M+6.8% | $69.6M-9.5% | $76.9M-1.0% | $77.6M |
| Total Liabilities | $3.0B+18.3% | $2.5B0.0% | $2.5B-14.7% | $3.0B+25.9% | $2.3B+6.9% | $2.2B+2.7% | $2.1B+16.4% | $1.8B+16.5% | $1.6B-10.7% | $1.8B-14.3% | $2.1B-12.0% | $2.3B+5.2% | $2.2B+1.4% | $2.2B-13.0% | $2.5B |
| Current Liabilities | $1.3B+50.8% | $834.9M-1.1% | $843.7M-37.8% | $1.4B+38.4% | $980.5M+31.6% | $745.3M+7.3% | $694.6M+28.2% | $541.9M-10.9% | $608.4M-25.9% | $821.1M+30.6% | $628.6M-29.5% | $891.2M+14.1% | $781.1M-13.3% | $901.1M-24.8% | $1.2B |
| Long-Term Debt | $1.3B+13.8% | $1.2B+3.3% | $1.1B+0.1% | $1.1B+9.6% | $1.0B-4.7% | $1.1B-13.2% | $1.2B+7.8% | $1.1B+41.3% | $805.6M+6.3% | $757.9M-40.4% | $1.3B-0.7% | $1.3B+0.2% | $1.3B+10.5% | $1.2B-0.9% | $1.2B |
| Total Equity | $4.2B-2.5% | $4.3B+4.3% | $4.1B+25.4% | $3.3B+43.2% | $2.3B+21.5% | $1.9B+16.3% | $1.6B+8.7% | $1.5B+6.6% | $1.4B+2.4% | $1.4B-1.0% | $1.4B+2.4% | $1.3B+6.2% | $1.3B+1.9% | $1.2B+7.4% | $1.2B |
| Retained Earnings | $4.5B+0.1% | $4.5B+9.9% | $4.1B+23.7% | $3.3B+53.1% | $2.2B+19.6% | $1.8B+14.0% | $1.6B+9.6% | $1.4B+6.1% | $1.4B-0.7% | $1.4B0.0% | $1.4B+12.0% | $1.2B+5.1% | $1.2B+1.9% | $1.1B+15.3% | $993.6M |
CMC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $918.2M | $715.1M-20.5% | $899.7M-33.1% | $1.3B+91.9% | $700.3M+206.5% | $228.5M-71.1% | $791.2M+2038.2% | $37.0M+108.5% | -$433.9M+17.1% | -$523.3M-189.2% | $586.9M+87.2% | $313.5M+128.9% | $136.9M-7.3% | $147.7M-24.6% | $196.0M+606.4% | $27.7M |
| Capital Expenditures | $513.2M | $402.8M+24.2% | $324.3M-46.5% | $606.7M+34.8% | $450.0M+144.3% | $184.2M-1.8% | $187.6M+35.1% | $138.8M-20.5% | $174.7M-18.0% | $213.1M+30.5% | $163.3M+36.6% | $119.6M+17.5% | $101.7M+14.3% | $89.0M-21.8% | $113.9M+55.5% | $73.2M |
| Free Cash Flow | $405.0M | $312.2M-45.7% | $575.4M-22.0% | $737.4M+194.6% | $250.3M+464.9% | $44.3M-92.7% | $603.6M+692.7% | -$101.8M+83.3% | -$608.6M+17.4% | -$736.4M-273.9% | $423.5M+118.4% | $193.9M+450.9% | $35.2M-40.0% | $58.7M-28.5% | $82.1M+280.7% | -$45.5M |
| Investing Cash Flow | -$3.0B | -$346.8M-7.4% | -$323.0M+61.3% | -$835.2M-22.0% | -$684.7M-322.3% | -$162.1M+16.0% | -$192.9M+58.2% | -$462.0M-188.5% | $521.9M-12.3% | $595.2M+486.8% | -$153.9M-100.3% | -$76.8M-62.6% | -$47.3M-2.4% | -$46.1M-68.1% | -$27.4M+55.4% | -$61.5M |
| Financing Cash Flow | $1.7B | -$183.4M+41.5% | -$313.8M+47.7% | -$599.5M-462.7% | $165.3M+251.1% | -$109.4M+55.9% | -$247.8M-1771.0% | -$13.2M-105.1% | $259.4M+179.9% | -$324.5M+14.1% | -$377.7M-109.0% | -$180.7M-425.3% | -$34.4M-328.9% | $15.0M+112.3% | -$121.7M+17.2% | -$147.0M |
| Dividends Paid | $82.3M | $81.4M+3.3% | $78.9M+5.2% | $74.9M+10.6% | $67.7M+17.3% | $57.8M+1.2% | $57.1M+0.9% | $56.5M+0.8% | $56.1M+1.0% | $55.5M+0.3% | $55.3M-1.1% | $55.9M-0.9% | $56.4M+0.7% | $56.0M+0.7% | $55.6M+0.8% | $55.2M |
| Share Buybacks | $126.1M | $198.8M+8.7% | $182.9M+80.4% | $101.4M-37.4% | $161.9M | $0 | $0 | N/A | $0 | $0-100.0% | $30.6M-26.8% | $41.8M | $0 | $0 | N/A | N/A |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CMC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.7%-1.5pp | 17.1%-3.5pp | 20.6%-0.2pp | 20.8%+4.4pp | 16.4%-0.8pp | 17.3%+3.5pp | 13.8%+0.4pp | 13.4%-0.2pp | 13.6%-2.4pp | 16.0%+5.0pp | 11.0%+0.8pp | 10.2%+0.4pp | 9.8%+0.5pp | 9.4%-1.8pp | 11.1% |
| Net Margin | 1.1%-5.0pp | 6.1%-3.6pp | 9.8%-3.9pp | 13.7%+7.5pp | 6.1%+1.0pp | 5.1%+1.7pp | 3.4%+0.4pp | 3.0%+1.8pp | 1.2%-0.3pp | 1.5%+0.1pp | 1.5%-0.2pp | 1.7%+0.5pp | 1.2%-1.5pp | 2.7%+4.3pp | -1.6% |
| 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%+2.6pp | 12.2%+2.9pp | 9.3%+6.0pp | 3.3%-0.7pp | 4.0%-1.7pp | 5.8%-2.7pp | 8.4%+2.3pp | 6.1%-10.6pp | 16.7%+27.8pp | -11.2% |
| 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%+1.6pp | 5.3%+1.1pp | 4.2%+2.6pp | 1.6%-0.2pp | 1.8%-0.6pp | 2.3%-0.8pp | 3.1%+0.9pp | 2.2%-3.8pp | 6.0%+9.6pp | -3.5% |
| Current Ratio | 2.78-1.2x | 3.94+0.2x | 3.73+1.2x | 2.54-0.3x | 2.79-0.2x | 2.970.0x | 2.99-0.8x | 3.83+1.0x | 2.82+0.3x | 2.49-1.3x | 3.79+0.9x | 2.87-0.2x | 3.03+0.5x | 2.49+0.5x | 1.94 |
| Debt-to-Equity | 0.310.0x | 0.270.0x | 0.27-0.1x | 0.34-0.1x | 0.44-0.1x | 0.56-0.2x | 0.760.0x | 0.76+0.2x | 0.580.0x | 0.55-0.4x | 0.920.0x | 0.95-0.1x | 1.01+0.1x | 0.93-0.1x | 1.01 |
| FCF Margin | 4.0%-3.3pp | 7.3%-1.1pp | 8.4%+5.6pp | 2.8%+2.1pp | 0.7%-10.4pp | 11.0%+12.8pp | -1.8%+11.4pp | -13.1%+6.0pp | -19.2%-30.9pp | 11.8%+8.2pp | 3.6%+3.1pp | 0.5%-0.4pp | 0.9%-0.2pp | 1.1%+1.6pp | -0.6% |
Not reported in any period shown, so not listed: Operating Margin.
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Where Commercial Metals Co Ranks
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%.
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 $1.3B 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.
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 0.31 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 4 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
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. Learn more in our complete guide to financial health indicators.
How financially healthy is Commercial Metals Co?
Commercial Metals Co (CMC) scores 35 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.