Commercial Metals (CMC) Financials

$46.64 -0.49 (-1.04%)

Closing price 03:59 PM Eastern

Extended Trading

$53.75 +7.11 (+15.24%)

As of 08:00 PM Eastern

Annual Income Statements for Commercial Metals

This table shows Commercial Metals' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Net Income / (Loss) Attributable to Common Shareholders	485	860	1,217	413	280	198	139	46	55	79
Consolidated Net Income / (Loss)	485	860	1,217	413	280	198	139	46	55	79
Net Income / (Loss) Continuing Operations	485	860	1,217	413	278	199	135	50	62	63
Total Pre-Tax Income	636	1,122	1,515	534	371	268	165	65	76	96
Total Operating Income	684	1,162	1,566	586	433	340	206	110	139	173
Total Gross Profit	1,359	1,812	1,856	1,106	945	803	622	521	574	597
Total Revenue	7,926	8,800	8,913	6,730	5,476	5,829	4,644	3,844	3,596	5,424
Operating Revenue	7,926	8,800	8,913	6,730	5,476	5,829	4,644	3,844	3,596	5,424
Total Cost of Revenue	6,567	6,988	7,057	5,624	4,532	5,026	4,022	3,323	3,022	4,828
Operating Cost of Revenue	6,567	6,988	7,057	5,624	4,532	5,026	4,022	3,323	3,022	4,828
Total Operating Expenses	675	650	291	520	512	464	416	412	435	424
Selling, General & Admin Expense	665	644	545	505	507	463	401	387	384	414
Other Operating Expenses / (Income)	0.01	0.18	16	17	1.78	0.00	-	23	11	0.00
Impairment Charge	6.71	3.78	4.93	6.78	7.61	0.38	14	1.73	40	9.84
Other Special Charges / (Income)	3.32	2.33	-275	-8.81	-4.21	-	-	-	-	-
Total Other Income / (Expense), net	-48	-40	-51	-52	-62	-71	-41	-44	-63	-76
Interest Expense	48	40	51	52	62	71	41	44	63	76
Income Tax Expense	150	262	298	121	92	70	30	15	14	33
Basic Earnings per Share	$4.19	$7.34	$10.09	$3.43	$2.35	$1.68	$1.19	$0.40	$0.48	$0.68
Weighted Average Basic Shares Outstanding	115.84M	117.08M	120.65M	120.34M	239.16M	117.93M	116.82M	115.65M	115.21M	65.10M
Diluted Earnings per Share	$4.14	$7.25	$9.95	$3.38	$2.32	$1.66	$1.17	$0.39	$0.47	$0.67
Weighted Average Diluted Shares Outstanding	117.15M	118.61M	122.37M	121.98M	239.16M	117.93M	116.82M	115.65M	115.21M	65.10M
Weighted Average Basic & Diluted Shares Outstanding	113.91M	116.91M	234.69M	241.18M	239.16M	117.93M	116.82M	115.65M	115.21M	65.10M
Cash Dividends to Common per Share	$0.68	$0.64	$0.56	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48

This table shows Commercial Metals' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Income / (Loss) Attributable to Common Shareholders	25	-176	104	119	86	176	184	234	180	262	289
Consolidated Net Income / (Loss)	25	-176	104	119	86	176	184	234	180	262	289
Net Income / (Loss) Continuing Operations	25	-176	104	119	86	176	184	234	180	262	289
Total Pre-Tax Income	36	-231	134	160	117	225	238	310	235	338	339
Total Operating Income	47	-220	146	172	129	236	246	319	245	352	353
Total Gross Profit	220	308	323	340	296	399	425	483	396	508	508
Total Revenue	1,754	1,910	1,996	2,078	1,848	2,003	2,209	2,345	2,018	2,227	2,407
Operating Revenue	1,754	1,910	1,996	2,078	1,848	2,003	2,209	2,345	2,018	2,227	2,407
Total Cost of Revenue	1,535	1,602	1,673	1,738	1,552	1,604	1,784	1,862	1,622	1,719	1,899
Operating Cost of Revenue	1,535	1,602	1,673	1,738	1,552	1,604	1,784	1,862	1,622	1,719	1,899
Total Operating Expenses	172	528	177	168	167	163	179	164	151	156	155
Selling, General & Admin Expense	168	178	167	168	167	163	173	164	151	156	155
Other Special Charges / (Income)	4.72	350	-	-	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-11	-11	-12	-12	-12	-12	-8.26	-8.88	-9.95	-13	-14
Interest Expense	11	11	12	12	12	12	8.26	8.88	9.95	13	14
Income Tax Expense	11	-56	30	41	31	48	54	76	56	77	50
Basic Earnings per Share	$0.22	($1.54)	$0.91	$1.03	$0.74	$1.51	$1.58	$2.00	$1.53	$2.23	$2.43
Weighted Average Basic Shares Outstanding	113.56M	114.05M	115.84M	115.53M	116.40M	116.77M	117.08M	117.07M	117.22M	117.27M	120.65M
Diluted Earnings per Share	$0.22	($1.54)	$0.90	$1.02	$0.73	$1.49	$1.56	$1.98	$1.51	$2.20	$2.39
Weighted Average Diluted Shares Outstanding	114.51M	114.05M	117.15M	116.66M	117.52M	118.35M	118.61M	118.40M	118.72M	118.93M	122.37M
Weighted Average Basic & Diluted Shares Outstanding	113.00M	113.64M	113.91M	114.99M	115.71M	116.39M	116.91M	116.79M	117.12M	117.12M	234.69M
Cash Dividends to Common per Share	$0.18	$0.18	-	$0.18	$0.16	$0.16	-	$0.16	$0.16	$0.16	-

This table details how cash moves in and out of Commercial Metals' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Net Change in Cash & Equivalents	264	-84	178	-44	351	-439	347	-254	54	50
Net Cash From Operating Activities	900	1,344	700	228	791	37	-434	-523	587	313
Net Cash From Continuing Operating Activities	900	1,344	700	228	791	37	-434	-523	587	313
Net Income / (Loss) Continuing Operations	485	860	1,217	413	280	198	139	46	55	79
Consolidated Net Income / (Loss)	485	860	1,217	413	280	198	139	46	55	79
Depreciation Expense	280	219	175	168	166	159	132	125	127	133
Non-Cash Adjustments To Reconcile Net Income	53	60	-207	59	37	23	42	95	96	-46
Changes in Operating Assets and Liabilities, net	80	205	-485	-405	338	-268	-746	-778	317	155
Net Cash From Investing Activities	-323	-835	-685	-162	-193	-462	522	595	-154	-77
Net Cash From Continuing Investing Activities	-323	-835	-685	-162	-193	-462	522	595	-154	-77
Purchase of Property, Plant & Equipment	-324	-607	-450	-184	-188	-139	-175	-213	-163	-120
Acquisitions	0.00	-235	-552	-1.89	-18	-701	-6.98	-56	0.00	0.00
Sale of Property, Plant & Equipment	0.76	1.01	315	26	12	3.91	8.10	3.16	5.11	15
Other Investing Activities, net	0.51	5.15	2.57	-2.50	0.97	374	695	698	0.00	-
Net Cash From Financing Activities	-314	-599	165	-109	-248	-13	259	-324	-378	-181
Net Cash From Continuing Financing Activities	-314	-599	165	-109	-248	-13	259	-324	-378	-181
Repayment of Debt	-220	-741	-779	-654	-484	-424	-25	-739	-284	-92
Repurchase of Common Equity	-183	-101	-162	0.00	0.00	-	-	-	-31	-42
Payment of Dividends	-79	-75	-68	-58	-57	-57	-56	-56	-55	-56
Issuance of Debt	175	330	1,184	606	297	469	350	475	0.00	7.80
Issuance of Common Equity	0.01	0.01	0.00	0.02	0.02	0.01	-	-	-	-
Other Financing Activities, net	-7.60	-13	-9.46	-3.17	-3.42	-1.88	-9.30	-5.50	-7.73	1.04
Effect of Exchange Rate Changes	0.89	7.08	-2.79	-0.79	0.76	-0.60	-0.70	-1.21	-1.28	-5.55
Cash Interest Paid	49	64	47	58	60	65	40	66	75	-
Cash Income Taxes Paid	158	200	229	141	44	7.98	7.20	31	50	-

This table details how cash moves in and out of Commercial Metals' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Net Change in Cash & Equivalents	-97	-2.67	159	61	-67	111	117	-130	21	-92	143
Net Cash From Operating Activities	32	213	352	198	89	261	409	376	187	372	459
Net Cash From Continuing Operating Activities	32	213	352	198	89	261	409	376	187	372	459
Net Income / (Loss) Continuing Operations	25	-176	104	119	86	176	184	234	180	262	289
Consolidated Net Income / (Loss)	25	-176	104	119	86	176	184	234	180	262	289
Depreciation Expense	71	70	72	71	68	69	61	55	51	51	49
Non-Cash Adjustments To Reconcile Net Income	20	369	11	9.04	15	19	25	14	0.30	21	10
Changes in Operating Assets and Liabilities, net	-83	-51	165	-1.30	-80	-3.11	139	73	-45	38	110
Net Cash From Investing Activities	-62	-113	-82	-82	-92	-66	-230	-253	-157	-196	-156
Net Cash From Continuing Investing Activities	-62	-113	-82	-82	-92	-66	-230	-253	-157	-196	-156
Purchase of Property, Plant & Equipment	-86	-118	-81	-82	-94	-67	-167	-150	-156	-133	-156
Sale of Property, Plant & Equipment	0.10	5.17	-	-	0.39	0.00	-	-	-	-	0.18
Other Investing Activities, net	25	-0.47	-1.34	-0.46	1.41	0.52	3.50	-0.15	0.56	1.25	-0.51
Net Cash From Financing Activities	-68	-102	-111	-55	-64	-84	-62	-253	-9.86	-274	-159
Net Cash From Continuing Financing Activities	-68	-102	-111	-55	-64	-84	-62	-253	-9.86	-274	-159
Repayment of Debt	-9.30	-24	-70	-87	-36	-27	-114	-387	-58	-182	-152
Repurchase of Common Equity	-48	-50	-55	-52	-48	-28	-19	-17	-17	-49	-106
Payment of Dividends	-20	-21	-21	-21	-19	-19	-19	-19	-19	-19	-17
Other Financing Activities, net	9.30	-20	0.97	0.66	10	-20	1.13	1.12	8.72	-24	0.68
Effect of Exchange Rate Changes	0.19	-0.70	0.38	0.13	-0.44	0.82	0.11	0.43	1.41	5.14	-0.92
Cash Interest Paid	14	11	14	11	13	11	13	16	13	22	-
Cash Income Taxes Paid	63	-3.03	27	45	85	1.40	49	36	99	16	-

This table presents Commercial Metals' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Total Assets	6,818	6,639	6,237	4,639	4,082	3,759	3,328	2,975	3,131	3,440
Total Current Assets	3,293	3,144	3,441	2,737	2,214	2,080	2,077	1,714	2,048	2,380
Cash & Equivalents	858	592	673	498	542	192	622	253	518	485
Accounts Receivable	1,159	1,240	1,359	1,106	881	1,016	749	561	689	901
Inventories, net	972	1,036	1,170	935	625	692	589	463	540	880
Prepaid Expenses	285	276	240	173	166	179	-	-	-	-
Other Current Assets	19	0.00	-	25	0.00	-	116	140	110	94
Plant, Property, & Equipment, net	2,577	2,409	1,911	1,566	1,571	1,501	1,075	1,052	895	884
Total Noncurrent Assets	948	1,086	885	336	297	178	176	210	188	176
Goodwill	386	386	249	66	64	64	64	65	66	66
Intangible Assets	235	259	257	10	-	-	-	-	-	-
Other Noncurrent Operating Assets	327	441	378	259	232	114	112	145	121	110
Total Liabilities & Shareholders' Equity	6,818	6,639	6,237	4,639	4,082	3,759	3,328	2,975	3,131	3,440
Total Liabilities	2,518	2,518	2,951	2,344	2,192	2,135	1,835	1,574	1,763	2,059
Total Current Liabilities	835	844	1,357	980	745	695	542	608	821	629
Short-Term Debt	39	41	389	54	18	17	20	19	313	30
Accounts Payable	796	803	968	926	721	288	261	226	208	302
Other Current Liabilities	0.00	-	-	-	6.04	35	0.00	-	-	-
Total Noncurrent Liabilities	1,683	1,674	1,594	1,363	1,447	1,440	1,293	966	942	1,430
Long-Term Debt	1,151	1,114	1,113	1,015	1,066	1,227	1,139	806	758	1,272
Noncurrent Deferred & Payable Income Tax Liabilities	277	307	250	112	131	79	38	49	63	56
Other Noncurrent Operating Liabilities	255	253	230	236	251	134	116	111	121	102
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,300	4,121	3,286	2,295	1,889	1,624	1,494	1,401	1,367	1,381
Total Preferred & Common Equity	4,300	4,121	3,286	2,295	1,889	1,624	1,493	1,401	1,367	1,381
Total Common Equity	4,300	4,121	3,286	2,295	1,889	1,624	1,493	1,401	1,367	1,381
Common Stock	409	396	384	369	360	360	354	351	360	367
Retained Earnings	4,504	4,097	3,312	2,163	1,808	1,585	1,446	1,364	1,373	1,374
Treasury Stock	-527	-369	-296	-153	-175	-197	-213	-232	-253	-246
Accumulated Other Comprehensive Income / (Loss)	-86	-3.78	-114	-85	-104	-124	-94	-82	-113	-114
Noncontrolling Interest	0.25	0.24	0.23	0.23	0.21	0.20	0.19	0.17	0.16	0.15

This table presents Commercial Metals' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	2/28/2025	11/30/2024	5/31/2024	2/29/2024	11/30/2023	5/31/2023	2/28/2023	11/30/2022	5/31/2022
Total Assets	6,690	6,772	6,710	6,662	6,695	6,521	6,485	6,274	6,104
Total Current Assets	3,128	3,218	3,240	3,198	3,244	3,142	3,278	3,224	3,444
Cash & Equivalents	758	856	698	638	705	475	604	582	410
Accounts Receivable	1,088	1,106	1,182	1,119	1,216	1,245	1,264	1,287	1,330
Inventories, net	978	960	1,075	1,150	1,029	1,145	1,144	1,103	1,346
Prepaid Expenses	302	295	284	291	294	276	266	252	230
Other Current Assets	1.20	1.20	-	-	-	-	-	-	0.06
Plant, Property, & Equipment, net	2,623	2,613	2,512	2,475	2,424	2,268	2,160	2,029	1,808
Total Noncurrent Assets	938	941	959	990	1,028	1,111	1,047	1,021	852
Goodwill	384	384	384	384	383	342	279	277	254
Intangible Assets	220	227	240	246	252	252	249	252	266
Other Noncurrent Operating Assets	334	330	335	360	393	517	520	492	332
Total Liabilities & Shareholders' Equity	6,690	6,772	6,710	6,662	6,695	6,521	6,485	6,274	6,104
Total Liabilities	2,678	2,757	2,451	2,440	2,465	2,497	2,702	2,690	2,962
Total Current Liabilities	1,109	1,165	765	763	787	853	1,066	1,078	1,391
Short-Term Debt	40	39	63	36	34	56	265	239	423
Accounts Payable	714	777	702	727	753	382	423	397	493
Other Current Liabilities	355	350	-	-	-	-	-	-	-
Total Noncurrent Liabilities	1,568	1,592	1,686	1,677	1,678	1,644	1,636	1,612	1,571
Long-Term Debt	1,155	1,149	1,138	1,126	1,120	1,103	1,100	1,093	1,115
Noncurrent Deferred & Payable Income Tax Liabilities	186	200	286	293	318	310	303	284	224
Other Noncurrent Operating Liabilities	228	243	263	257	240	231	232	235	231
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,012	4,015	4,259	4,223	4,230	4,024	3,783	3,584	3,142
Total Preferred & Common Equity	4,012	4,015	4,259	4,222	4,230	4,023	3,783	3,584	3,142
Total Common Equity	4,012	4,015	4,259	4,222	4,230	4,023	3,783	3,584	3,142
Common Stock	394	386	400	391	379	387	376	362	377
Retained Earnings	4,313	4,308	4,421	4,322	4,255	3,932	3,717	3,555	3,041
Treasury Stock	-596	-557	-471	-419	-379	-350	-334	-324	-190
Accumulated Other Comprehensive Income / (Loss)	-99	-122	-91	-72	-25	55	24	-10	-86
Noncontrolling Interest	0.25	0.25	0.25	0.24	0.24	0.24	0.23	0.23	0.23

This table displays calculated financial ratios and metrics derived from Commercial Metals' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020	8/31/2019	8/31/2018	8/31/2017	8/31/2016	8/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.93%	-1.28%	32.45%	22.88%	-6.05%	25.52%	20.80%	6.90%	-33.71%	-20.12%
EBITDA Growth	-30.20%	-20.68%	132.89%	31.37%	34.29%	25.36%	51.56%	-13.66%	-13.35%	-19.52%
EBIT Growth	-41.18%	-25.79%	167.25%	35.44%	27.30%	64.69%	88.26%	-21.12%	-19.64%	-28.54%
NOPAT Growth	-41.37%	-29.21%	177.71%	39.50%	29.05%	49.13%	100.82%	-25.90%	0.40%	-34.54%
Net Income Growth	-43.53%	-29.37%	194.83%	47.71%	41.10%	43.02%	198.94%	-15.39%	-31.07%	-29.85%
EPS Growth	-42.90%	-27.14%	194.38%	45.69%	39.76%	41.88%	200.00%	-17.02%	-29.85%	-29.47%
Operating Cash Flow Growth	-33.06%	91.93%	206.52%	-71.12%	2,038.16%	108.53%	17.08%	-189.16%	87.22%	128.90%
Free Cash Flow Firm Growth	77.79%	3,382.90%	-44.97%	-97.04%	244.24%	-307.66%	-210.81%	-83.58%	277.45%	1.62%
Invested Capital Growth	-1.11%	13.79%	43.55%	17.94%	-9.16%	31.87%	15.06%	-0.20%	-19.18%	-1.27%
Revenue Q/Q Growth	-2.62%	-2.20%	4.41%	10.18%	-2.39%	4.19%	8.54%	24.19%	-15.37%	-15.43%
EBITDA Q/Q Growth	-8.49%	-6.40%	9.78%	18.02%	-2.35%	10.16%	35.58%	-2.49%	1.83%	-24.26%
EBIT Q/Q Growth	-12.79%	-8.41%	10.47%	21.62%	-4.45%	15.98%	66.68%	-1.91%	4.57%	-35.11%
NOPAT Q/Q Growth	-12.90%	-11.00%	12.43%	22.44%	-6.31%	17.02%	68.91%	-9.22%	17.30%	-40.17%
Net Income Q/Q Growth	-14.18%	-10.83%	12.64%	25.69%	-6.20%	21.13%	141.29%	-38.83%	-18.56%	-20.32%
EPS Q/Q Growth	-13.75%	-10.27%	13.20%	25.19%	-6.45%	20.29%	143.75%	-40.00%	-17.54%	-20.24%
Operating Cash Flow Q/Q Growth	-6.02%	-3.53%	86.26%	-35.39%	0.49%	111.49%	50.28%	-629.04%	-22.94%	209.06%
Free Cash Flow Firm Q/Q Growth	5.23%	-26.22%	103.95%	-81.13%	-11.30%	32.75%	-132.04%	157.65%	47.73%	-14.61%
Invested Capital Q/Q Growth	-2.72%	-0.50%	-0.68%	2.75%	-3.13%	-4.61%	1.32%	-20.03%	-9.90%	-1.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.14%	20.59%	20.83%	16.43%	17.25%	13.78%	13.40%	13.56%	15.97%	11.00%
EBITDA Margin	12.16%	15.69%	19.53%	11.11%	10.39%	7.27%	7.28%	5.80%	7.18%	5.50%
Operating Margin	8.62%	13.21%	17.57%	8.71%	7.90%	5.83%	4.44%	2.85%	3.86%	3.19%
EBIT Margin	8.62%	13.21%	17.57%	8.71%	7.90%	5.83%	4.44%	2.85%	3.86%	3.19%
Profit (Net Income) Margin	6.13%	9.77%	13.66%	6.13%	5.10%	3.40%	2.98%	1.21%	1.52%	1.46%
Tax Burden Percent	76.37%	76.63%	80.34%	77.31%	75.38%	73.79%	83.75%	70.79%	72.08%	82.36%
Interest Burden Percent	92.99%	96.55%	96.76%	91.14%	85.71%	79.00%	80.15%	59.72%	54.68%	55.78%
Effective Tax Rate	23.63%	23.37%	19.66%	22.69%	24.94%	25.96%	18.23%	23.34%	18.40%	34.69%
Return on Invested Capital (ROIC)	11.21%	20.24%	36.03%	17.10%	12.72%	10.69%	8.90%	4.76%	5.74%	5.13%
ROIC Less NNEP Spread (ROIC-NNEP)	3.03%	15.82%	30.22%	9.89%	7.04%	3.95%	2.17%	-5.12%	-3.99%	1.12%
Return on Net Nonoperating Assets (RNNOA)	0.32%	2.97%	7.59%	2.63%	3.19%	2.01%	0.67%	-1.41%	-1.75%	0.69%
Return on Equity (ROE)	11.53%	23.21%	43.62%	19.73%	15.91%	12.71%	9.57%	3.35%	3.98%	5.82%
Cash Return on Invested Capital (CROIC)	12.32%	7.34%	0.27%	0.64%	22.32%	-16.79%	-5.11%	4.95%	26.95%	6.41%
Operating Return on Assets (OROA)	10.16%	18.05%	28.80%	13.44%	11.04%	9.59%	6.55%	3.59%	4.23%	4.85%
Return on Assets (ROA)	7.22%	13.35%	22.39%	9.47%	7.13%	5.59%	4.39%	1.52%	1.67%	2.23%
Return on Common Equity (ROCE)	11.53%	23.21%	43.61%	19.73%	15.91%	12.71%	9.57%	3.35%	3.98%	5.82%
Return on Equity Simple (ROE_SIMPLE)	11.29%	20.86%	37.04%	17.99%	14.79%	12.20%	9.27%	3.31%	4.01%	5.75%
Net Operating Profit after Tax (NOPAT)	522	891	1,258	453	325	252	169	84	113	113
NOPAT Margin	6.59%	10.12%	14.11%	6.73%	5.93%	4.32%	3.63%	2.19%	3.15%	2.08%
Net Nonoperating Expense Percent (NNEP)	8.18%	4.42%	5.81%	7.21%	5.67%	6.74%	6.73%	9.88%	9.73%	4.01%
Cost of Revenue to Revenue	82.86%	79.41%	79.17%	83.57%	82.75%	86.22%	86.60%	86.44%	84.03%	89.00%
SG&A Expenses to Revenue	8.39%	7.31%	6.11%	7.51%	9.26%	7.95%	8.65%	10.08%	10.67%	7.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	8.52%	7.38%	3.26%	7.73%	9.35%	7.95%	8.95%	10.71%	12.10%	7.82%
Earnings before Interest and Taxes (EBIT)	684	1,162	1,566	586	433	340	206	110	139	173
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	964	1,381	1,741	748	569	424	338	223	258	298
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.43	1.57	1.45	1.64	1.24	1.04	1.51	1.36	1.11	1.08
Price to Tangible Book Value (P/TBV)	1.67	1.87	1.71	1.70	1.28	1.09	1.58	1.43	1.16	1.14
Price to Revenue (P/Rev)	0.78	0.74	0.53	0.56	0.43	0.29	0.49	0.50	0.42	0.28
Price to Earnings (P/E)	12.69	7.54	3.91	9.14	8.37	8.56	16.30	41.22	27.66	18.85
Dividend Yield	1.27%	1.15%	1.42%	1.53%	2.44%	3.34%	2.49%	2.91%	3.63%	3.71%
Earnings Yield	7.88%	13.26%	25.61%	10.94%	11.95%	11.68%	6.13%	2.43%	3.62%	5.31%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.50	1.36	1.52	1.18	1.03	1.38	1.41	1.17	1.06
Enterprise Value to Revenue (EV/Rev)	0.82	0.80	0.63	0.65	0.53	0.47	0.60	0.65	0.58	0.43
Enterprise Value to EBITDA (EV/EBITDA)	6.74	5.10	3.21	5.81	5.06	6.49	8.27	11.13	8.01	7.76
Enterprise Value to EBIT (EV/EBIT)	9.50	6.06	3.57	7.42	6.66	8.09	13.54	22.65	14.89	13.38
Enterprise Value to NOPAT (EV/NOPAT)	12.44	7.91	4.44	9.59	8.87	10.92	16.56	29.54	18.24	20.49
Enterprise Value to Operating Cash Flow (EV/OCF)	7.22	5.24	7.97	19.02	3.64	74.26	0.00	0.00	3.52	7.38
Enterprise Value to Free Cash Flow (EV/FCFF)	11.32	21.83	602.41	257.97	5.05	0.00	0.00	28.38	3.88	16.39
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.28	0.46	0.47	0.57	0.77	0.78	0.59	0.78	0.94
Long-Term Debt to Equity	0.27	0.27	0.34	0.44	0.56	0.76	0.76	0.58	0.55	0.92
Financial Leverage	0.11	0.19	0.25	0.27	0.45	0.51	0.31	0.28	0.44	0.61
Leverage Ratio	1.60	1.74	1.95	2.08	2.23	2.27	2.18	2.21	2.39	2.61
Compound Leverage Factor	1.49	1.68	1.89	1.90	1.91	1.80	1.75	1.32	1.31	1.46
Debt to Total Capital	21.67%	21.89%	31.37%	31.79%	36.45%	43.39%	43.68%	37.06%	43.93%	48.53%
Short-Term Debt to Total Capital	0.71%	0.77%	8.12%	1.62%	0.61%	0.61%	0.74%	0.86%	12.85%	1.13%
Long-Term Debt to Total Capital	20.96%	21.12%	23.25%	30.18%	35.84%	42.78%	42.94%	36.19%	31.08%	47.40%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Common Equity to Total Capital	78.33%	78.11%	68.63%	68.20%	63.54%	56.61%	56.31%	62.94%	56.06%	51.46%
Debt to EBITDA	1.23	0.84	0.86	1.43	1.90	2.94	3.43	3.70	4.15	4.37
Net Debt to EBITDA	0.34	0.41	0.48	0.77	0.95	2.48	1.59	2.57	2.14	2.74
Long-Term Debt to EBITDA	1.19	0.81	0.64	1.36	1.87	2.90	3.37	3.61	2.93	4.27
Debt to NOPAT	2.28	1.30	1.19	2.36	3.34	4.95	6.87	9.82	9.45	11.53
Net Debt to NOPAT	0.64	0.63	0.66	1.26	1.67	4.18	3.18	6.81	4.88	7.23
Long-Term Debt to NOPAT	2.20	1.25	0.88	2.24	3.28	4.88	6.75	9.59	6.68	11.26
Altman Z-Score	4.32	4.73	4.37	3.94	3.38	3.36	3.50	3.23	2.89	3.35
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.94	3.73	2.54	2.79	2.97	2.99	3.83	2.82	2.49	3.79
Quick Ratio	2.42	2.17	1.50	1.64	1.91	1.74	2.53	1.34	1.47	2.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	574	323	9.27	17	570	-395	-97	87	533	141
Operating Cash Flow to CapEx	278.10%	221.92%	519.36%	144.84%	450.12%	27.43%	-260.53%	-249.23%	370.92%	299.52%
Free Cash Flow to Firm to Interest Expense	11.98	8.04	0.18	0.32	9.22	-5.54	-2.37	1.98	8.46	1.85
Operating Cash Flow to Interest Expense	18.79	33.50	13.81	4.40	12.80	0.52	-10.59	-11.85	9.32	4.10
Operating Cash Flow Less CapEx to Interest Expense	12.03	18.40	11.15	1.36	9.95	-1.37	-14.66	-16.61	6.81	2.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.18	1.37	1.64	1.54	1.40	1.65	1.47	1.26	1.09	1.52
Accounts Receivable Turnover	6.61	6.77	7.23	6.78	5.77	6.60	7.08	6.15	4.52	5.62
Inventory Turnover	6.54	6.34	6.70	7.21	6.88	7.84	7.65	6.63	4.25	5.32
Fixed Asset Turnover	3.18	4.07	5.13	4.29	3.57	4.53	4.37	3.95	4.04	6.00
Accounts Payable Turnover	8.21	7.89	7.45	6.83	8.98	18.30	16.49	15.30	11.84	11.34
Days Sales Outstanding (DSO)	55.24	53.91	50.46	53.87	63.21	55.28	51.52	59.38	80.69	64.90
Days Inventory Outstanding (DIO)	55.78	57.60	54.44	50.65	53.07	46.53	47.72	55.07	85.79	68.65
Days Payable Outstanding (DPO)	44.44	46.26	48.99	53.45	40.64	19.95	22.13	23.86	30.82	32.18
Cash Conversion Cycle (CCC)	66.58	65.24	55.91	51.06	75.64	81.86	77.11	90.60	135.66	101.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,632	4,684	4,116	2,867	2,431	2,676	2,029	1,764	1,767	2,187
Invested Capital Turnover	1.70	2.00	2.55	2.54	2.14	2.48	2.45	2.18	1.82	2.46
Increase / (Decrease) in Invested Capital	-52	568	1,249	436	-245	647	266	-3.46	-419	-28
Enterprise Value (EV)	6,494	7,048	5,583	4,345	2,880	2,748	2,794	2,482	2,069	2,314
Market Capitalization	6,162	6,485	4,754	3,773	2,338	1,696	2,258	1,910	1,514	1,497
Book Value per Share	$37.39	$35.29	$27.27	$19.03	$15.87	$13.77	$12.76	$12.10	$11.93	$11.95
Tangible Book Value per Share	$32.00	$29.76	$23.07	$18.40	$15.33	$13.23	$12.21	$11.54	$11.35	$11.37
Total Capital	5,490	5,276	4,788	3,365	2,973	2,869	2,652	2,226	2,439	2,684
Total Debt	1,190	1,155	1,502	1,070	1,084	1,245	1,158	825	1,071	1,302
Total Long-Term Debt	1,151	1,114	1,113	1,015	1,066	1,227	1,139	806	758	1,272
Net Debt	332	562	829	572	542	1,052	536	572	554	817
Capital Expenditures (CapEx)	324	606	135	158	176	135	167	210	158	105
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,639	1,749	1,801	1,313	945	1,210	933	872	1,023	1,297
Debt-free Net Working Capital (DFNWC)	2,497	2,341	2,473	1,811	1,487	1,403	1,555	1,125	1,540	1,782
Net Working Capital (NWC)	2,458	2,300	2,084	1,756	1,469	1,385	1,535	1,105	1,227	1,752
Net Nonoperating Expense (NNE)	37	31	41	40	45	54	30	38	59	33
Net Nonoperating Obligations (NNO)	332	562	829	572	542	1,052	536	363	400	805
Total Depreciation and Amortization (D&A)	280	219	175	162	136	84	132	113	119	125
Debt-free, Cash-free Net Working Capital to Revenue	20.68%	19.87%	20.20%	19.51%	17.25%	20.77%	20.08%	22.69%	28.45%	23.90%
Debt-free Net Working Capital to Revenue	31.50%	26.60%	27.75%	26.91%	27.15%	24.07%	33.49%	29.26%	42.84%	32.85%
Net Working Capital to Revenue	31.01%	26.14%	23.39%	26.10%	26.82%	23.77%	33.06%	28.76%	34.12%	32.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.19	$7.34	$10.09	$3.43	$2.35	$1.68	$1.19	$0.40	$0.48	$1.22
Adjusted Weighted Average Basic Shares Outstanding	115.84M	117.08M	234.69M	241.18M	239.16M	117.93M	117.03M	115.84M	115.30M	116.36M
Adjusted Diluted Earnings per Share	$4.14	$7.25	$9.95	$3.38	$2.32	$1.66	$1.17	$0.39	$0.47	$1.20
Adjusted Weighted Average Diluted Shares Outstanding	117.15M	118.61M	234.69M	241.18M	239.16M	117.93M	117.03M	115.84M	115.30M	116.36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	113.91M	116.91M	234.69M	241.18M	239.16M	117.93M	117.03M	115.84M	115.30M	116.36M
Normalized Net Operating Profit after Tax (NOPAT)	530	895	1,041	451	327	252	180	85	146	119
Normalized NOPAT Margin	6.68%	10.17%	11.68%	6.71%	5.98%	4.32%	3.89%	2.22%	4.06%	2.20%
Pre Tax Income Margin	8.02%	12.75%	17.00%	7.94%	6.77%	4.61%	3.56%	1.70%	2.11%	1.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.27	28.96	30.88	11.29	7.00	4.76	5.04	2.48	2.21	2.26
NOPAT to Interest Expense	10.90	22.19	24.81	8.73	5.25	3.53	4.12	1.90	1.80	1.48
EBIT Less CapEx to Interest Expense	7.52	13.87	28.22	8.25	4.15	2.87	0.97	-2.27	-0.31	0.89
NOPAT Less CapEx to Interest Expense	4.15	7.10	22.15	5.69	2.41	1.64	0.05	-2.85	-0.71	0.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	16.25%	8.72%	5.57%	13.99%	20.41%	28.54%	40.49%	119.82%	101.01%	70.37%
Augmented Payout Ratio	53.92%	20.51%	18.86%	13.99%	20.41%	28.54%	40.49%	119.82%	156.88%	123.00%

This table displays calculated financial ratios and metrics derived from Commercial Metals' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022	8/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.08%	-4.67%	-9.65%	-11.36%	-8.41%	-10.07%	-8.22%	-6.79%	0.45%	12.39%	18.54%
EBITDA Growth	-40.21%	-148.93%	-29.07%	-35.01%	-33.56%	-24.11%	-23.50%	-19.04%	-47.30%	28.25%	63.81%
EBIT Growth	-63.30%	-193.03%	-40.73%	-45.94%	-47.52%	-32.74%	-30.23%	-23.78%	-52.96%	28.87%	72.61%
NOPAT Growth	-64.73%	-183.01%	-40.51%	-46.62%	-49.55%	-31.77%	-36.64%	-25.44%	-52.22%	12.01%	86.20%
Net Income Growth	-70.33%	-199.69%	-43.57%	-48.95%	-52.27%	-32.66%	-36.19%	-25.11%	-53.08%	12.40%	89.88%
EPS Growth	-69.86%	-203.36%	-42.31%	-48.48%	-51.66%	-32.27%	-34.73%	-22.05%	-51.60%	15.79%	94.31%
Operating Cash Flow Growth	-63.53%	-18.40%	-14.07%	-47.34%	-52.31%	-29.89%	-10.72%	100.54%	552.48%	1,344.47%	241.59%
Free Cash Flow Firm Growth	406.68%	212.49%	143.81%	123.11%	89.34%	82.78%	60.22%	68.74%	-267.92%	-174.44%	-245.19%
Invested Capital Growth	-6.27%	-7.13%	-1.11%	1.15%	4.46%	7.96%	13.79%	13.59%	35.89%	38.23%	43.55%
Revenue Q/Q Growth	-8.13%	-4.34%	-3.96%	12.45%	-7.73%	-9.33%	-5.79%	16.20%	-9.40%	-7.47%	-4.32%
EBITDA Q/Q Growth	178.81%	-168.57%	-10.30%	23.35%	-35.51%	-0.60%	-17.81%	26.10%	-26.34%	0.20%	-13.01%
EBIT Q/Q Growth	121.49%	-250.78%	-15.39%	33.87%	-45.53%	-3.95%	-22.82%	29.95%	-30.18%	-0.37%	-15.68%
NOPAT Q/Q Growth	121.66%	-235.83%	-11.76%	35.85%	-49.02%	-2.66%	-20.82%	28.40%	-31.05%	-9.61%	-6.83%
Net Income Q/Q Growth	114.50%	-269.07%	-12.98%	39.13%	-51.30%	-4.29%	-21.29%	30.09%	-31.30%	-9.30%	-7.62%
EPS Q/Q Growth	114.29%	-271.11%	-11.76%	39.73%	-51.01%	-4.49%	-21.21%	31.13%	-31.36%	-7.95%	-5.91%
Operating Cash Flow Q/Q Growth	-84.77%	-39.45%	77.80%	122.42%	-65.92%	-36.24%	8.96%	101.45%	-49.91%	-18.80%	144.72%
Free Cash Flow Firm Q/Q Growth	84.35%	8.68%	121.74%	169.03%	32.38%	57.67%	-16.99%	68.17%	-9.24%	2.21%	8.06%
Invested Capital Q/Q Growth	2.35%	-6.16%	-2.72%	0.32%	1.42%	-0.08%	-0.50%	3.60%	4.82%	5.32%	-0.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	12.51%	16.12%	16.18%	16.38%	16.03%	19.92%	19.24%	20.58%	19.64%	22.80%	21.10%
EBITDA Margin	6.72%	-7.83%	10.93%	11.70%	10.66%	15.26%	13.92%	15.95%	14.70%	18.08%	16.70%
Operating Margin	2.69%	-11.52%	7.31%	8.30%	6.97%	11.80%	11.14%	13.60%	12.16%	15.78%	14.66%
EBIT Margin	2.69%	-11.52%	7.31%	8.30%	6.97%	11.80%	11.14%	13.60%	12.16%	15.78%	14.66%
Profit (Net Income) Margin	1.45%	-9.20%	5.21%	5.75%	4.64%	8.80%	8.34%	9.98%	8.91%	11.75%	11.99%
Tax Burden Percent	70.56%	75.97%	77.71%	74.51%	73.42%	78.45%	77.41%	75.46%	76.37%	77.33%	85.24%
Interest Burden Percent	76.37%	105.15%	91.68%	92.97%	90.78%	95.03%	96.65%	97.22%	95.95%	96.29%	95.97%
Effective Tax Rate	29.44%	0.00%	22.29%	25.49%	26.58%	21.55%	22.59%	24.54%	23.63%	22.67%	14.76%
Return on Invested Capital (ROIC)	3.20%	-13.99%	9.66%	10.63%	9.26%	17.62%	17.25%	20.86%	21.59%	29.93%	31.90%
ROIC Less NNEP Spread (ROIC-NNEP)	1.56%	-19.56%	7.55%	9.10%	7.90%	16.08%	16.33%	20.07%	20.36%	28.49%	30.17%
Return on Net Nonoperating Assets (RNNOA)	0.18%	-1.85%	0.80%	1.30%	1.27%	2.47%	3.07%	4.72%	3.78%	6.57%	7.57%
Return on Equity (ROE)	3.38%	-15.85%	10.47%	11.93%	10.53%	20.09%	20.32%	25.59%	25.37%	36.50%	39.47%
Cash Return on Invested Capital (CROIC)	8.82%	11.13%	12.32%	11.52%	10.96%	10.18%	7.34%	9.89%	-2.98%	2.37%	0.27%
Operating Return on Assets (OROA)	3.12%	-13.40%	8.61%	10.21%	8.91%	15.61%	15.23%	19.39%	18.60%	26.29%	24.03%
Return on Assets (ROA)	1.68%	-10.70%	6.13%	7.07%	5.94%	11.64%	11.39%	14.22%	13.63%	19.57%	19.66%
Return on Common Equity (ROCE)	3.38%	-15.85%	10.47%	11.93%	10.53%	20.09%	20.32%	25.58%	25.37%	36.50%	39.47%
Return on Equity Simple (ROE_SIMPLE)	1.82%	3.33%	0.00%	13.28%	16.11%	18.31%	0.00%	23.97%	27.56%	34.77%	0.00%
Net Operating Profit after Tax (NOPAT)	33	-154	113	128	95	185	191	241	187	272	301
NOPAT Margin	1.90%	-8.06%	5.68%	6.18%	5.12%	9.26%	8.63%	10.26%	9.29%	12.21%	12.49%
Net Nonoperating Expense Percent (NNEP)	1.64%	5.57%	2.11%	1.52%	1.36%	1.54%	0.92%	0.79%	1.23%	1.44%	1.73%
Return On Investment Capital (ROIC_SIMPLE)	0.64%	-2.96%	-	-	1.76%	3.45%	-	-	-	-	-
Cost of Revenue to Revenue	87.49%	83.88%	83.82%	83.62%	83.97%	80.08%	80.76%	79.42%	80.36%	77.20%	78.90%
SG&A Expenses to Revenue	9.55%	9.31%	8.37%	8.08%	9.06%	8.11%	7.81%	6.98%	7.47%	7.02%	6.43%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.82%	27.64%	8.88%	8.08%	9.06%	8.11%	8.10%	6.98%	7.47%	7.02%	6.44%
Earnings before Interest and Taxes (EBIT)	47	-220	146	172	129	236	246	319	245	352	353
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	118	-150	218	243	197	306	307	374	297	403	402
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.75	1.43	1.53	1.47	1.24	1.57	1.22	1.57	1.62	1.45
Price to Tangible Book Value (P/TBV)	1.62	2.06	1.67	1.79	1.73	1.46	1.87	1.44	1.83	1.90	1.71
Price to Revenue (P/Rev)	0.71	0.90	0.78	0.80	0.74	0.61	0.74	0.55	0.65	0.63	0.53
Price to Earnings (P/E)	75.28	52.64	12.69	11.48	9.12	6.76	7.54	5.11	5.70	4.65	3.91
Dividend Yield	1.49%	1.13%	1.27%	1.18%	1.20%	1.43%	1.15%	1.47%	1.18%	1.21%	1.42%
Earnings Yield	1.33%	1.90%	7.88%	8.71%	10.97%	14.80%	13.26%	19.58%	17.55%	21.50%	25.61%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.69	1.40	1.47	1.42	1.21	1.50	1.19	1.48	1.51	1.36
Enterprise Value to Revenue (EV/Rev)	0.77	0.94	0.82	0.86	0.80	0.66	0.80	0.62	0.73	0.71	0.63
Enterprise Value to EBITDA (EV/EBITDA)	13.83	14.46	6.74	6.64	5.68	4.43	5.10	3.80	4.29	3.58	3.21
Enterprise Value to EBIT (EV/EBIT)	40.81	32.40	9.50	8.93	7.23	5.43	6.06	4.42	4.90	3.98	3.57
Enterprise Value to NOPAT (EV/NOPAT)	55.16	43.60	12.44	11.68	9.45	7.07	7.91	5.60	6.19	5.09	4.44
Enterprise Value to Operating Cash Flow (EV/OCF)	7.47	8.64	7.22	7.31	5.93	4.61	5.24	4.03	5.56	6.25	7.97
Enterprise Value to Free Cash Flow (EV/FCFF)	14.66	14.65	11.32	12.83	13.22	12.38	21.83	12.82	0.00	73.96	602.41
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.30	0.28	0.28	0.28	0.27	0.28	0.29	0.36	0.37	0.46
Long-Term Debt to Equity	0.29	0.29	0.27	0.27	0.27	0.26	0.27	0.27	0.29	0.31	0.34
Financial Leverage	0.12	0.09	0.11	0.14	0.16	0.15	0.19	0.24	0.19	0.23	0.25
Leverage Ratio	1.62	1.63	1.60	1.60	1.64	1.66	1.74	1.76	1.80	1.81	1.95
Compound Leverage Factor	1.24	1.72	1.47	1.49	1.49	1.58	1.68	1.71	1.73	1.74	1.87
Debt to Total Capital	22.95%	22.82%	21.67%	21.99%	21.58%	21.44%	21.89%	22.36%	26.51%	27.10%	31.37%
Short-Term Debt to Total Capital	0.77%	0.74%	0.71%	1.15%	0.66%	0.63%	0.77%	1.08%	5.14%	4.87%	8.12%
Long-Term Debt to Total Capital	22.18%	22.08%	20.96%	20.84%	20.92%	20.81%	21.12%	21.28%	21.36%	22.23%	23.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.05%	77.18%	78.33%	78.01%	78.42%	78.55%	78.11%	77.63%	73.49%	72.89%	68.63%
Debt to EBITDA	2.78	2.33	1.23	1.14	0.98	0.90	0.84	0.79	0.87	0.73	0.86
Net Debt to EBITDA	1.02	0.65	0.34	0.48	0.44	0.35	0.41	0.46	0.49	0.41	0.48
Long-Term Debt to EBITDA	2.69	2.26	1.19	1.08	0.95	0.87	0.81	0.75	0.70	0.60	0.64
Debt to NOPAT	11.09	7.03	2.28	2.00	1.63	1.44	1.30	1.16	1.26	1.04	1.19
Net Debt to NOPAT	4.05	1.96	0.64	0.84	0.74	0.56	0.63	0.68	0.70	0.58	0.66
Long-Term Debt to NOPAT	10.72	6.81	2.20	1.90	1.58	1.39	1.25	1.10	1.02	0.85	0.88
Altman Z-Score	3.68	3.83	4.06	4.25	4.20	4.00	4.27	3.99	4.07	4.14	3.73
Noncontrolling Interest Sharing Ratio	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.82	2.76	3.94	4.24	4.19	4.12	3.73	3.68	3.07	2.99	2.54
Quick Ratio	1.66	1.68	2.42	2.46	2.30	2.44	2.17	2.02	1.75	1.73	1.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	331	180	165	75	-108	-160	-377	-322	-1,013	-927	-948
Operating Cash Flow to CapEx	37.65%	188.48%	431.85%	241.21%	95.26%	389.69%	245.28%	249.70%	119.42%	279.87%	294.96%
Free Cash Flow to Firm to Interest Expense	29.64	15.86	13.61	6.15	-9.09	-13.58	-45.66	-36.31	-101.83	-71.06	-66.62
Operating Cash Flow to Interest Expense	2.91	18.82	28.98	16.33	7.49	22.21	49.57	42.33	18.76	28.55	32.23
Operating Cash Flow Less CapEx to Interest Expense	-4.81	8.83	22.27	9.56	-0.37	16.51	29.36	25.38	3.05	18.35	21.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.16	1.16	1.18	1.23	1.28	1.32	1.37	1.43	1.53	1.67	1.64
Accounts Receivable Turnover	7.01	6.74	6.61	6.71	7.06	6.85	6.77	6.99	7.59	7.69	7.23
Inventory Turnover	6.15	6.60	6.54	6.01	5.93	6.45	6.34	5.70	6.29	6.61	6.70
Fixed Asset Turnover	3.04	3.11	3.18	3.41	3.63	3.85	4.07	4.41	4.81	5.07	5.13
Accounts Payable Turnover	9.09	8.58	8.21	12.32	11.83	11.96	7.89	16.23	17.20	17.51	7.45
Days Sales Outstanding (DSO)	52.04	54.11	55.24	54.42	51.72	53.28	53.91	52.23	48.12	47.48	50.46
Days Inventory Outstanding (DIO)	59.33	55.29	55.78	60.68	61.56	56.60	57.60	64.02	57.99	55.19	54.44
Days Payable Outstanding (DPO)	40.17	42.53	44.44	29.64	30.85	30.53	46.26	22.49	21.22	20.85	48.99
Cash Conversion Cycle (CCC)	71.20	66.87	66.58	85.46	82.44	79.36	65.24	93.76	84.89	81.82	55.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,449	4,346	4,632	4,761	4,746	4,680	4,684	4,707	4,544	4,335	4,116
Invested Capital Turnover	1.68	1.74	1.70	1.72	1.81	1.90	2.00	2.03	2.32	2.45	2.55
Increase / (Decrease) in Invested Capital	-298	-334	-52	54	203	345	568	563	1,200	1,199	1,249
Enterprise Value (EV)	5,941	7,358	6,494	6,998	6,726	5,681	7,048	5,608	6,702	6,547	5,583
Market Capitalization	5,505	7,027	6,162	6,495	6,203	5,231	6,485	4,924	5,941	5,797	4,754
Book Value per Share	$35.30	$35.25	$37.39	$36.81	$36.28	$36.18	$35.29	$34.35	$32.30	$30.56	$27.27
Tangible Book Value per Share	$29.99	$29.88	$32.00	$31.42	$30.87	$30.75	$29.76	$29.28	$27.80	$26.05	$23.07
Total Capital	5,207	5,202	5,490	5,460	5,384	5,384	5,276	5,183	5,148	4,917	4,788
Total Debt	1,195	1,187	1,190	1,200	1,162	1,154	1,155	1,159	1,364	1,333	1,502
Total Long-Term Debt	1,155	1,149	1,151	1,138	1,126	1,120	1,114	1,103	1,100	1,093	1,113
Net Debt	436	331	332	502	524	450	562	684	761	750	829
Capital Expenditures (CapEx)	86	113	81	82	93	67	167	150	156	133	155
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,301	1,235	1,639	1,839	1,833	1,786	1,749	1,869	1,873	1,804	1,801
Debt-free Net Working Capital (DFNWC)	2,059	2,091	2,497	2,538	2,471	2,491	2,341	2,345	2,477	2,386	2,473
Net Working Capital (NWC)	2,019	2,053	2,458	2,475	2,436	2,457	2,300	2,289	2,212	2,147	2,084
Net Nonoperating Expense (NNE)	7.88	22	9.43	9.03	8.72	9.22	6.39	6.70	7.60	10	12
Net Nonoperating Obligations (NNO)	436	331	332	502	524	450	562	684	761	750	829
Total Depreciation and Amortization (D&A)	71	70	72	71	68	69	61	55	51	51	49
Debt-free, Cash-free Net Working Capital to Revenue	16.81%	15.77%	20.68%	22.60%	21.81%	20.83%	19.87%	20.78%	20.43%	19.70%	20.20%
Debt-free Net Working Capital to Revenue	26.61%	26.70%	31.50%	31.18%	29.40%	29.05%	26.60%	26.06%	27.02%	26.05%	27.75%
Net Working Capital to Revenue	26.09%	26.21%	31.01%	30.40%	28.98%	28.65%	26.14%	25.44%	24.13%	23.44%	23.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	($1.54)	$0.91	$1.03	$0.74	$1.51	$1.58	$2.00	$1.53	$2.23	$2.43
Adjusted Weighted Average Basic Shares Outstanding	113.56M	114.05M	115.84M	115.53M	116.40M	116.77M	117.08M	117.07M	117.22M	117.27M	120.65M
Adjusted Diluted Earnings per Share	$0.22	($1.54)	$0.90	$1.02	$0.73	$1.49	$1.56	$1.98	$1.51	$2.20	$2.39
Adjusted Weighted Average Diluted Shares Outstanding	114.51M	114.05M	117.15M	116.66M	117.52M	118.35M	118.61M	118.40M	118.72M	118.93M	122.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	113.00M	113.64M	113.91M	114.99M	115.71M	116.39M	116.91M	116.79M	117.12M	117.12M	234.69M
Normalized Net Operating Profit after Tax (NOPAT)	37	91	113	128	95	185	191	241	187	272	301
Normalized NOPAT Margin	2.09%	4.77%	5.68%	6.18%	5.12%	9.26%	8.63%	10.26%	9.29%	12.21%	12.49%
Pre Tax Income Margin	2.06%	-12.11%	6.70%	7.71%	6.33%	11.22%	10.77%	13.22%	11.67%	15.20%	14.07%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.23	-19.43	12.02	14.23	10.84	20.11	29.81	35.93	24.68	26.95	24.80
NOPAT to Interest Expense	2.99	-13.60	9.34	10.60	7.96	15.78	23.07	27.11	18.85	20.84	21.14
EBIT Less CapEx to Interest Expense	-3.48	-29.41	5.31	7.46	2.98	14.41	9.59	18.97	8.97	16.75	13.87
NOPAT Less CapEx to Interest Expense	-4.73	-23.58	2.63	3.83	0.10	10.08	2.86	10.16	3.14	10.64	10.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	112.78%	60.43%	16.25%	13.59%	10.99%	9.67%	8.72%	7.57%	6.83%	5.58%	5.57%
Augmented Payout Ratio	393.15%	213.94%	53.92%	39.52%	27.37%	20.09%	20.51%	27.19%	27.09%	22.09%	18.86%

Frequently Asked Questions About Commercial Metals' Financials

When does Commercial Metals's financial year end?

According to the most recent income statement we have on file, Commercial Metals' fiscal year ends in August. Their fiscal year 2024 ended on August 31, 2024.

How has Commercial Metals' net income changed over the last 9 years?

Commercial Metals' net income appears to be on an upward trend, with a most recent value of $485.49 million in 2024, rising from $79.44 million in 2015. The previous period was $859.76 million in 2023. Check out Commercial Metals' forecast to explore projected trends and price targets.

What is Commercial Metals's operating income?

Commercial Metals's total operating income in 2024 was $683.56 million, based on the following breakdown:

Total Gross Profit: $1.36 billion
Total Operating Expenses: $675.12 million

How has Commercial Metals revenue changed over the last 9 years?

Over the last 9 years, Commercial Metals' total revenue changed from $5.42 billion in 2015 to $7.93 billion in 2024, a change of 46.1%.

How much debt does Commercial Metals have?

Commercial Metals' total liabilities were at $2.52 billion at the end of 2024, a 0.0% decrease from 2023, and a 22.3% increase since 2015.

How much cash does Commercial Metals have?

In the past 9 years, Commercial Metals' cash and equivalents has ranged from $192.46 million in 2019 to $857.92 million in 2024, and is currently $857.92 million as of their latest financial filing in 2024.

How has Commercial Metals' book value per share changed over the last 9 years?

Over the last 9 years, Commercial Metals' book value per share changed from 11.95 in 2015 to 37.39 in 2024, a change of 213.0%.

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This page (NYSE:CMC) was last updated on 5/30/2025 by MarketBeat.com Staff

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Commercial Metals (CMC) Financials

Frequently Asked Questions About Commercial Metals' Financials

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Commercial Metals (CMC) Financials

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