Commercial Metals (CMC) Financials

$69.84 +2.78 (+4.15%)

Closing price 03:59 PM Eastern

Extended Trading

$69.81 -0.04 (-0.05%)

As of 05:46 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2015	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Net Income / (Loss) Attributable to Common Shareholders	79	55	46	139	198	280	413	1,217	860	485	85
Consolidated Net Income / (Loss)	79	55	46	139	198	280	413	1,217	860	485	85
Net Income / (Loss) Continuing Operations	63	62	50	135	199	278	413	1,217	860	485	85
Total Pre-Tax Income	96	76	65	165	268	371	534	1,515	1,122	636	108
Total Operating Income	173	139	110	206	340	433	586	1,566	1,122	636	108
Total Gross Profit	597	574	521	622	803	945	1,106	1,856	1,812	1,359	1,220
Total Revenue	5,424	3,596	3,844	4,644	5,829	5,476	6,730	8,913	8,800	7,926	7,798
Operating Revenue	5,424	3,596	3,844	4,644	5,829	5,476	6,730	8,913	8,800	7,926	7,798
Total Cost of Revenue	4,828	3,022	3,323	4,022	5,026	4,532	5,624	7,057	6,988	6,567	6,578
Operating Cost of Revenue	4,828	3,022	3,323	4,022	5,026	4,532	5,624	7,057	6,988	6,567	6,578
Total Operating Expenses	424	435	412	416	464	512	520	291	690	723	1,113
Selling, General & Admin Expense	414	384	387	401	463	507	505	545	646	668	700
Other Operating Expenses / (Income)	0.00	11	23	-	0.00	1.78	17	16	40	48	45
Impairment Charge	9.84	40	1.73	14	0.38	7.61	6.78	4.93	3.78	6.71	4.61
Other Special Charges / (Income)	-	-	-	-	-	-4.21	-8.81	-275	0.00	0.00	362
Total Other Income / (Expense), net	-76	-63	-44	-41	-71	-62	-52	-51	0.00	0.00	0.00
Income Tax Expense	33	14	15	30	70	92	121	298	262	150	23
Basic Earnings per Share	$0.68	$0.48	$0.40	$1.19	$1.68	$2.35	$3.43	$10.09	$7.34	$4.19	$0.75
Weighted Average Basic Shares Outstanding	65.10M	115.21M	115.65M	116.82M	117.93M	239.16M	120.34M	120.65M	117.08M	115.84M	112.99M
Diluted Earnings per Share	$0.67	$0.47	$0.39	$1.17	$1.66	$2.32	$3.38	$9.95	$7.25	$4.14	$0.74
Weighted Average Diluted Shares Outstanding	65.10M	115.21M	115.65M	116.82M	117.93M	239.16M	121.98M	122.37M	118.61M	117.15M	114.09M
Weighted Average Basic & Diluted Shares Outstanding	65.10M	115.21M	115.65M	116.82M	117.93M	239.16M	241.18M	234.69M	116.91M	113.91M	110.97M
Cash Dividends to Common per Share	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.48	$0.56	$0.64	$0.68	$0.72

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026
Net Income / (Loss) Attributable to Common Shareholders	184	176	86	119	104	-176	25	83	152	177	93
Consolidated Net Income / (Loss)	184	176	86	119	104	-176	25	83	152	177	93
Net Income / (Loss) Continuing Operations	184	176	86	119	104	-176	25	83	152	177	93
Total Pre-Tax Income	238	225	117	160	134	-231	36	110	193	183	110
Total Operating Income	246	236	129	172	146	-220	36	120	160	208	110
Total Gross Profit	425	399	296	340	323	308	220	300	393	407	388
Total Revenue	2,209	2,003	1,848	2,078	1,996	1,910	1,754	2,020	2,115	2,120	2,132
Operating Revenue	2,209	2,003	1,848	2,078	1,996	1,910	1,754	2,020	2,115	2,120	2,132
Total Cost of Revenue	1,784	1,604	1,552	1,738	1,673	1,602	1,535	1,720	1,722	1,713	1,744
Operating Cost of Revenue	1,784	1,604	1,552	1,738	1,673	1,602	1,535	1,720	1,722	1,713	1,744
Total Operating Expenses	179	163	167	168	177	528	183	180	233	199	278
Selling, General & Admin Expense	173	163	167	168	167	178	168	176	179	196	233
Other Operating Expenses / (Income)	-	-	-	-	-	-	11	-	-	-	41
Other Special Charges / (Income)	-	0.00	0.00	0.00	-	350	4.72	3.78	3.78	3.74	4.07
Total Other Income / (Expense), net	-8.26	-12	-12	-12	-12	-11	0.00	-11	33	-25	0.00
Income Tax Expense	54	48	31	41	30	-56	11	26	41	5.65	17
Basic Earnings per Share	$1.58	$1.51	$0.74	$1.03	$0.91	($1.54)	$0.22	$0.74	$1.33	$1.60	$0.84
Weighted Average Basic Shares Outstanding	117.08M	116.77M	116.40M	115.53M	115.84M	114.05M	113.56M	112.70M	112.99M	111.07M	110.96M
Diluted Earnings per Share	$1.56	$1.49	$0.73	$1.02	$0.90	($1.54)	$0.22	$0.73	$1.33	$1.58	$0.83
Weighted Average Diluted Shares Outstanding	118.61M	118.35M	117.52M	116.66M	117.15M	114.05M	114.51M	113.56M	114.09M	112.25M	111.92M
Weighted Average Basic & Diluted Shares Outstanding	116.91M	116.39M	115.71M	114.99M	113.91M	113.64M	113.00M	111.93M	110.97M	110.91M	110.89M
Cash Dividends to Common per Share	-	$0.16	$0.16	$0.18	-	$0.18	$0.18	$0.18	-	$0.18	$0.18

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2015	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Net Change in Cash & Equivalents	50	54	-254	347	-439	351	-44	178	-84	264	186
Net Cash From Operating Activities	313	587	-523	-434	37	791	228	700	1,344	900	715
Net Cash From Continuing Operating Activities	313	587	-523	-434	37	791	228	700	1,344	900	715
Net Income / (Loss) Continuing Operations	79	55	46	139	198	280	413	1,217	860	485	85
Consolidated Net Income / (Loss)	79	55	46	139	198	280	413	1,217	860	485	85
Depreciation Expense	133	127	125	132	159	166	168	175	219	280	286
Non-Cash Adjustments To Reconcile Net Income	-46	96	95	42	23	37	59	-207	60	53	405
Changes in Operating Assets and Liabilities, net	155	317	-778	-746	-268	338	-405	-485	205	80	-61
Net Cash From Investing Activities	-77	-154	595	522	-462	-193	-162	-685	-835	-323	-347
Net Cash From Continuing Investing Activities	-77	-154	595	522	-462	-193	-162	-685	-835	-323	-347
Purchase of Property, Plant & Equipment	-120	-163	-213	-175	-139	-188	-184	-450	-607	-324	-403
Acquisitions	0.00	0.00	-56	-6.98	-701	-18	-1.89	-552	-235	0.00	0.00
Sale of Property, Plant & Equipment	15	5.11	3.16	8.10	3.91	12	26	315	1.01	0.76	5.76
Other Investing Activities, net	-	0.00	698	695	374	0.97	-2.50	2.57	5.15	0.51	50
Net Cash From Financing Activities	-181	-378	-324	259	-13	-248	-109	165	-599	-314	-183
Net Cash From Continuing Financing Activities	-181	-378	-324	259	-13	-248	-109	165	-599	-314	-183
Repayment of Debt	-92	-284	-739	-25	-424	-484	-654	-779	-741	-220	-78
Repurchase of Common Equity	-42	-31	-	-	-	0.00	0.00	-162	-101	-183	-199
Payment of Dividends	-56	-55	-56	-56	-57	-57	-58	-68	-75	-79	-81
Issuance of Debt	7.80	0.00	475	350	469	297	606	1,184	330	175	184
Issuance of Common Equity	-	-	-	-	0.01	0.02	0.02	0.00	0.01	0.01	0.01
Other Financing Activities, net	1.04	-7.73	-5.50	-9.30	-1.88	-3.42	-3.17	-9.46	-13	-7.60	-8.82
Effect of Exchange Rate Changes	-5.55	-1.28	-1.21	-0.70	-0.60	0.76	-0.79	-2.79	7.08	0.89	1.50
Cash Interest Paid	-	75	66	40	65	60	58	47	64	49	51
Cash Income Taxes Paid	-	50	31	7.20	7.98	44	141	229	200	158	116

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026
Net Change in Cash & Equivalents	117	111	-67	61	159	-2.67	-97	136	151	1,986	-2,528
Net Cash From Operating Activities	409	261	89	198	352	213	32	154	315	204	166
Net Cash From Continuing Operating Activities	409	261	89	198	352	213	32	154	315	204	166
Net Income / (Loss) Continuing Operations	184	176	86	119	104	-176	25	83	152	177	93
Consolidated Net Income / (Loss)	184	176	86	119	104	-176	25	83	152	177	93
Depreciation Expense	61	69	68	71	72	70	71	72	72	73	103
Non-Cash Adjustments To Reconcile Net Income	25	19	15	9.04	11	367	20	17	0.08	37	17
Changes in Operating Assets and Liabilities, net	139	-3.11	-80	-1.30	165	-49	-83	-18	91	-83	-46
Net Cash From Investing Activities	-230	-66	-92	-82	-82	-113	-62	-87	-84	-118	-2,636
Net Cash From Continuing Investing Activities	-230	-66	-92	-82	-82	-113	-62	-87	-84	-118	-2,636
Purchase of Property, Plant & Equipment	-167	-67	-94	-82	-81	-118	-86	-89	-109	-125	-123
Sale of Property, Plant & Equipment	-	0.00	0.39	-	-	5.17	0.10	0.17	0.32	0.32	1.86
Other Investing Activities, net	3.50	0.52	1.41	-0.46	-1.34	-0.47	25	1.80	24	7.11	0.47
Net Cash From Financing Activities	-62	-84	-64	-55	-111	-102	-68	67	-80	1,900	-59
Net Cash From Continuing Financing Activities	-62	-84	-64	-55	-111	-102	-68	67	-80	1,900	-59
Repayment of Debt	-114	-27	-36	-87	-70	-24	-9.30	-27	-17	-17	-14
Repurchase of Common Equity	-19	-28	-48	-52	-55	-50	-48	-50	-50	-39	-18
Payment of Dividends	-19	-19	-19	-21	-21	-21	-20	-20	-20	-20	-20
Issuance of Debt	88	9.42	29	104	33	13	-	164	6.22	2,002	-15
Other Financing Activities, net	1.13	-20	10	0.66	0.97	-20	9.30	0.71	0.73	-26	8.43
Effect of Exchange Rate Changes	0.11	0.82	-0.44	0.13	0.38	-0.70	0.19	1.81	0.19	-0.07	0.91
Cash Interest Paid	13	11	13	11	14	11	14	12	14	15	14
Cash Income Taxes Paid	49	1.40	85	45	27	-3.03	63	36	20	2.88	23

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2015	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Total Assets	3,440	3,131	2,975	3,328	3,759	4,082	4,639	6,237	6,639	6,818	7,172
Total Current Assets	2,380	2,048	1,714	2,077	2,080	2,214	2,737	3,441	3,144	3,293	3,495
Cash & Equivalents	485	518	253	622	192	542	498	673	592	858	1,043
Restricted Cash	-	-	-	-	-	-	-	-	-	-	2.65
Accounts Receivable	901	689	561	749	1,016	881	1,106	1,359	1,240	1,159	1,202
Inventories, net	880	540	463	589	692	625	935	1,170	1,036	972	934
Prepaid Expenses	-	-	-	-	179	166	173	240	276	285	313
Plant, Property, & Equipment, net	884	895	1,052	1,075	1,501	1,571	1,566	1,911	2,409	2,577	2,743
Total Noncurrent Assets	176	188	210	176	178	297	336	885	1,086	948	934
Goodwill	66	66	65	64	64	64	66	249	386	386	387
Intangible Assets	-	-	-	-	-	-	10	257	259	235	211
Other Noncurrent Operating Assets	110	121	145	112	114	232	259	378	441	327	337
Total Liabilities & Shareholders' Equity	3,440	3,131	2,975	3,328	3,759	4,082	4,639	6,237	6,639	6,818	7,172
Total Liabilities	2,059	1,763	1,574	1,835	2,135	2,192	2,344	2,951	2,518	2,518	2,979
Total Current Liabilities	629	821	608	542	695	745	980	1,357	844	835	1,259
Short-Term Debt	30	313	19	20	17	18	54	389	41	39	44
Accounts Payable	302	208	226	261	288	721	926	968	803	796	852
Other Current Liabilities	-	-	-	0.00	35	6.04	-	-	-	-	362
Total Noncurrent Liabilities	1,430	942	966	1,293	1,440	1,447	1,363	1,594	1,674	1,683	1,720
Long-Term Debt	1,272	758	806	1,139	1,227	1,066	1,015	1,113	1,114	1,151	1,310
Noncurrent Deferred & Payable Income Tax Liabilities	56	63	49	38	79	131	112	250	307	277	185
Other Noncurrent Operating Liabilities	102	121	111	116	134	251	236	230	253	255	225
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,381	1,367	1,401	1,494	1,624	1,889	2,295	3,286	4,121	4,300	4,193
Total Preferred & Common Equity	1,381	1,367	1,401	1,493	1,624	1,889	2,295	3,286	4,121	4,300	4,193
Total Common Equity	1,381	1,367	1,401	1,493	1,624	1,889	2,295	3,286	4,121	4,300	4,193
Common Stock	367	360	351	354	360	360	369	384	396	409	408
Retained Earnings	1,374	1,373	1,364	1,446	1,585	1,808	2,163	3,312	4,097	4,504	4,507
Treasury Stock	-246	-253	-232	-213	-197	-175	-153	-296	-369	-527	-697
Accumulated Other Comprehensive Income / (Loss)	-114	-113	-82	-94	-124	-104	-85	-114	-3.78	-86	-25
Noncontrolling Interest	0.15	0.16	0.17	0.19	0.20	0.21	0.23	0.23	0.24	0.25	0.26

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	11/30/2022	2/28/2023	5/31/2023	11/30/2023	2/29/2024	5/31/2024	11/30/2024	2/28/2025	5/31/2025	11/30/2025	2/28/2026
Total Assets	6,274	6,485	6,521	6,695	6,662	6,710	6,772	6,690	6,994	9,243	9,562
Total Current Assets	3,224	3,278	3,142	3,244	3,198	3,240	3,218	3,128	3,359	5,507	3,261
Cash & Equivalents	582	604	475	705	638	698	856	758	893	1,023	495
Restricted Cash	-	-	-	-	-	-	-	-	-	2,009	8.59
Accounts Receivable	1,287	1,264	1,245	1,216	1,119	1,182	1,106	1,088	1,156	1,200	1,279
Inventories, net	1,103	1,144	1,145	1,029	1,150	1,075	960	978	1,005	951	1,144
Prepaid Expenses	252	266	276	294	291	284	295	302	303	324	336
Plant, Property, & Equipment, net	2,029	2,160	2,268	2,424	2,475	2,512	2,613	2,623	2,690	2,810	3,253
Total Noncurrent Assets	1,021	1,047	1,111	1,028	990	959	941	938	945	925	3,047
Goodwill	277	279	342	383	384	384	384	384	387	386	2,135
Intangible Assets	252	249	252	252	246	240	227	220	216	204	496
Other Noncurrent Operating Assets	492	520	517	393	360	335	330	334	342	335	416
Total Liabilities & Shareholders' Equity	6,274	6,485	6,521	6,695	6,662	6,710	6,772	6,690	6,994	9,243	9,562
Total Liabilities	2,690	2,702	2,497	2,465	2,440	2,451	2,757	2,678	2,896	4,930	5,155
Total Current Liabilities	1,078	1,066	853	787	763	765	1,165	1,109	1,175	1,231	1,368
Short-Term Debt	239	265	56	34	36	63	39	40	41	46	53
Accounts Payable	397	423	382	753	727	702	777	714	776	819	946
Other Current Liabilities	-	-	-	-	-	-	350	355	358	366	370
Total Noncurrent Liabilities	1,612	1,636	1,644	1,678	1,677	1,686	1,592	1,568	1,721	3,699	3,787
Long-Term Debt	1,093	1,100	1,103	1,120	1,126	1,138	1,149	1,155	1,303	3,305	3,310
Noncurrent Deferred & Payable Income Tax Liabilities	284	303	310	318	293	286	200	186	187	176	199
Other Noncurrent Operating Liabilities	235	232	231	240	257	263	243	228	231	218	278
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,584	3,783	4,024	4,230	4,223	4,259	4,015	4,012	4,098	4,312	4,406
Total Preferred & Common Equity	3,584	3,783	4,023	4,230	4,222	4,259	4,015	4,012	4,098	4,312	4,406
Total Common Equity	3,584	3,783	4,023	4,230	4,222	4,259	4,015	4,012	4,098	4,312	4,406
Common Stock	362	376	387	379	391	400	386	394	402	397	408
Retained Earnings	3,555	3,717	3,932	4,255	4,322	4,421	4,308	4,313	4,375	4,664	4,737
Treasury Stock	-324	-334	-350	-379	-419	-471	-557	-596	-647	-722	-732
Accumulated Other Comprehensive Income / (Loss)	-10	24	55	-25	-72	-91	-122	-99	-34	-27	-7.75
Noncontrolling Interest	0.23	0.23	0.24	0.24	0.24	0.25	0.25	0.25	0.26	0.26	0.26

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/31/2015	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.12%	-33.71%	6.90%	20.80%	25.52%	-6.05%	22.88%	32.45%	-1.28%	-9.93%	-1.61%
EBITDA Growth	-19.52%	-13.35%	-13.66%	51.56%	25.36%	34.29%	31.37%	132.89%	-20.68%	-30.20%	-57.05%
EBIT Growth	-28.54%	-19.64%	-21.12%	88.26%	64.69%	27.30%	35.44%	167.25%	-25.79%	-41.18%	-83.08%
NOPAT Growth	-34.54%	0.40%	-25.90%	100.82%	49.13%	29.05%	39.50%	177.71%	-29.21%	-41.37%	-82.56%
Net Income Growth	-29.85%	-31.07%	-15.39%	198.94%	43.02%	41.10%	47.71%	194.83%	-29.37%	-43.53%	-82.56%
EPS Growth	-29.47%	-29.85%	-17.02%	200.00%	41.88%	39.76%	45.69%	194.38%	-27.14%	-42.90%	-82.13%
Operating Cash Flow Growth	128.90%	87.22%	-189.16%	17.08%	108.53%	2,038.16%	-71.12%	206.52%	91.93%	-33.06%	-20.52%
Free Cash Flow Firm Growth	1.62%	277.45%	-83.58%	-210.81%	-307.66%	244.24%	-97.04%	-44.97%	3,382.90%	77.79%	-60.54%
Invested Capital Growth	-1.27%	-19.18%	-0.20%	15.06%	31.87%	-9.16%	17.94%	43.55%	13.79%	-1.11%	-2.75%
Revenue Q/Q Growth	-15.43%	-15.37%	24.19%	8.54%	4.19%	-2.39%	10.18%	4.41%	-2.20%	-2.62%	1.54%
EBITDA Q/Q Growth	-24.26%	1.83%	-2.49%	35.58%	10.16%	-2.35%	18.02%	9.78%	-6.40%	-8.49%	3.77%
EBIT Q/Q Growth	-35.11%	4.57%	-1.91%	66.68%	15.98%	-4.45%	21.62%	10.47%	-8.41%	-12.79%	14.95%
NOPAT Q/Q Growth	-40.17%	17.30%	-9.22%	68.91%	17.02%	-6.31%	22.44%	12.43%	-11.00%	-12.90%	18.15%
Net Income Q/Q Growth	-20.32%	-18.56%	-38.83%	141.29%	21.13%	-6.20%	25.69%	12.64%	-10.83%	-14.18%	129.98%
EPS Q/Q Growth	-20.24%	-17.54%	-40.00%	143.75%	20.29%	-6.45%	25.19%	13.20%	-10.27%	-13.75%	138.71%
Operating Cash Flow Q/Q Growth	209.06%	-22.94%	-629.04%	50.28%	111.49%	0.49%	-35.39%	86.26%	-3.53%	-6.02%	-4.87%
Free Cash Flow Firm Q/Q Growth	-14.61%	47.73%	157.65%	-132.04%	32.75%	-11.30%	-81.13%	103.95%	-26.22%	5.23%	-25.31%
Invested Capital Q/Q Growth	-1.74%	-9.90%	-20.03%	1.32%	-4.61%	-3.13%	2.75%	-0.68%	-0.50%	-2.72%	-0.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	11.00%	15.97%	13.56%	13.40%	13.78%	17.25%	16.43%	20.83%	20.59%	17.14%	15.65%
EBITDA Margin	5.50%	7.18%	5.80%	7.28%	7.27%	10.39%	11.11%	19.53%	15.69%	12.16%	5.04%
Operating Margin	3.19%	3.86%	2.85%	4.44%	5.83%	7.90%	8.71%	17.57%	13.21%	8.62%	1.38%
EBIT Margin	3.19%	3.86%	2.85%	4.44%	5.83%	7.90%	8.71%	17.57%	13.21%	8.62%	1.38%
Profit (Net Income) Margin	1.46%	1.52%	1.21%	2.98%	3.40%	5.10%	6.13%	13.66%	9.77%	6.13%	1.09%
Tax Burden Percent	82.36%	72.08%	70.79%	83.75%	73.79%	75.38%	77.31%	80.34%	76.63%	76.37%	78.72%
Interest Burden Percent	55.78%	54.68%	59.72%	80.15%	79.00%	85.71%	91.14%	96.76%	96.55%	92.99%	100.00%
Effective Tax Rate	34.69%	18.40%	23.34%	18.23%	25.96%	24.94%	22.69%	19.66%	23.37%	23.63%	21.28%
Return on Invested Capital (ROIC)	5.13%	5.74%	4.76%	8.90%	10.69%	12.72%	17.10%	36.03%	20.24%	11.21%	1.85%
ROIC Less NNEP Spread (ROIC-NNEP)	1.12%	-3.99%	-5.12%	2.17%	3.95%	7.04%	9.89%	30.22%	15.82%	3.03%	1.85%
Return on Net Nonoperating Assets (RNNOA)	0.69%	-1.75%	-1.41%	0.67%	2.01%	3.19%	2.63%	7.59%	2.97%	0.32%	0.14%
Return on Equity (ROE)	5.82%	3.98%	3.35%	9.57%	12.71%	15.91%	19.73%	43.62%	23.21%	11.53%	1.99%
Cash Return on Invested Capital (CROIC)	6.41%	26.95%	4.95%	-5.11%	-16.79%	22.32%	0.64%	0.27%	7.34%	12.32%	4.64%
Operating Return on Assets (OROA)	4.85%	4.23%	3.59%	6.55%	9.59%	11.04%	13.44%	28.80%	18.05%	10.16%	1.54%
Return on Assets (ROA)	2.23%	1.67%	1.52%	4.39%	5.59%	7.13%	9.47%	22.39%	13.35%	7.22%	1.21%
Return on Common Equity (ROCE)	5.82%	3.98%	3.35%	9.57%	12.71%	15.91%	19.73%	43.61%	23.21%	11.53%	1.99%
Return on Equity Simple (ROE_SIMPLE)	5.75%	4.01%	3.31%	9.27%	12.20%	14.79%	17.99%	37.04%	20.86%	11.29%	0.00%
Net Operating Profit after Tax (NOPAT)	113	113	84	169	252	325	453	1,258	891	522	85
NOPAT Margin	2.08%	3.15%	2.19%	3.63%	4.32%	5.93%	6.73%	14.11%	10.12%	6.59%	1.09%
Net Nonoperating Expense Percent (NNEP)	4.01%	9.73%	9.88%	6.73%	6.74%	5.67%	7.21%	5.81%	4.42%	8.18%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	1.53%
Cost of Revenue to Revenue	89.00%	84.03%	86.44%	86.60%	86.22%	82.75%	83.57%	79.17%	79.41%	82.86%	84.35%
SG&A Expenses to Revenue	7.63%	10.67%	10.08%	8.65%	7.95%	9.26%	7.51%	6.11%	7.31%	8.39%	8.98%
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	7.82%	12.10%	10.71%	8.95%	7.95%	9.35%	7.73%	3.26%	7.38%	8.52%	14.27%
Earnings before Interest and Taxes (EBIT)	173	139	110	206	340	433	586	1,566	1,162	684	108
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	298	258	223	338	424	569	748	1,741	1,381	964	393
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.08	1.11	1.36	1.51	1.04	1.24	1.64	1.45	1.57	1.43	1.54
Price to Tangible Book Value (P/TBV)	1.14	1.16	1.43	1.58	1.09	1.28	1.70	1.71	1.87	1.67	1.80
Price to Revenue (P/Rev)	0.28	0.42	0.50	0.49	0.29	0.43	0.56	0.53	0.74	0.78	0.83
Price to Earnings (P/E)	18.85	27.66	41.22	16.30	8.56	8.37	9.14	3.91	7.54	12.69	76.24
Dividend Yield	3.71%	3.63%	2.91%	2.49%	3.34%	2.44%	1.53%	1.42%	1.15%	1.27%	1.25%
Earnings Yield	5.31%	3.62%	2.43%	6.13%	11.68%	11.95%	10.94%	25.61%	13.26%	7.88%	1.31%
Enterprise Value to Invested Capital (EV/IC)	1.06	1.17	1.41	1.38	1.03	1.18	1.52	1.36	1.50	1.40	1.50
Enterprise Value to Revenue (EV/Rev)	0.43	0.58	0.65	0.60	0.47	0.53	0.65	0.63	0.80	0.82	0.87
Enterprise Value to EBITDA (EV/EBITDA)	7.76	8.01	11.13	8.27	6.49	5.06	5.81	3.21	5.10	6.74	17.20
Enterprise Value to EBIT (EV/EBIT)	13.38	14.89	22.65	13.54	8.09	6.66	7.42	3.57	6.06	9.50	62.92
Enterprise Value to NOPAT (EV/NOPAT)	20.49	18.24	29.54	16.56	10.92	8.87	9.59	4.44	7.91	12.44	79.92
Enterprise Value to Operating Cash Flow (EV/OCF)	7.38	3.52	0.00	0.00	74.26	3.64	19.02	7.97	5.24	7.22	9.46
Enterprise Value to Free Cash Flow (EV/FCFF)	16.39	3.88	28.38	0.00	0.00	5.05	257.97	602.41	21.83	11.32	31.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.94	0.78	0.59	0.78	0.77	0.57	0.47	0.46	0.28	0.28	0.32
Long-Term Debt to Equity	0.92	0.55	0.58	0.76	0.76	0.56	0.44	0.34	0.27	0.27	0.31
Financial Leverage	0.61	0.44	0.28	0.31	0.51	0.45	0.27	0.25	0.19	0.11	0.08
Leverage Ratio	2.61	2.39	2.21	2.18	2.27	2.23	2.08	1.95	1.74	1.60	1.65
Compound Leverage Factor	1.46	1.31	1.32	1.75	1.80	1.91	1.90	1.89	1.68	1.49	1.65
Debt to Total Capital	48.53%	43.93%	37.06%	43.68%	43.39%	36.45%	31.79%	31.37%	21.89%	21.67%	24.41%
Short-Term Debt to Total Capital	1.13%	12.85%	0.86%	0.74%	0.61%	0.61%	1.62%	8.12%	0.77%	0.71%	0.80%
Long-Term Debt to Total Capital	47.40%	31.08%	36.19%	42.94%	42.78%	35.84%	30.18%	23.25%	21.12%	20.96%	23.61%
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	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	51.46%	56.06%	62.94%	56.31%	56.61%	63.54%	68.20%	68.63%	78.11%	78.33%	75.58%
Debt to EBITDA	4.37	4.15	3.70	3.43	2.94	1.90	1.43	0.86	0.84	1.23	3.44
Net Debt to EBITDA	2.74	2.14	2.57	1.59	2.48	0.95	0.77	0.48	0.41	0.34	0.79
Long-Term Debt to EBITDA	4.27	2.93	3.61	3.37	2.90	1.87	1.36	0.64	0.81	1.19	3.33
Debt to NOPAT	11.53	9.45	9.82	6.87	4.95	3.34	2.36	1.19	1.30	2.28	16.00
Net Debt to NOPAT	7.23	4.88	6.81	3.18	4.18	1.67	1.26	0.66	0.63	0.64	3.67
Long-Term Debt to NOPAT	11.26	6.68	9.59	6.75	4.88	3.28	2.24	0.88	1.25	2.20	15.47
Altman Z-Score	3.35	2.89	3.23	3.50	3.36	3.38	3.94	4.37	4.73	4.32	3.69
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	3.79	2.49	2.82	3.83	2.99	2.97	2.79	2.54	3.73	3.94	2.78
Quick Ratio	2.20	1.47	1.34	2.53	1.74	1.91	1.64	1.50	2.17	2.42	1.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	141	533	87	-97	-395	570	17	9.27	323	574	212
Operating Cash Flow to CapEx	299.52%	370.92%	-249.23%	-260.53%	27.43%	450.12%	144.84%	519.36%	221.92%	278.10%	180.09%
Free Cash Flow to Firm to Interest Expense	1.85	8.46	1.98	-2.37	-5.54	9.22	0.32	0.18	8.04	11.98	0.00
Operating Cash Flow to Interest Expense	4.10	9.32	-11.85	-10.59	0.52	12.80	4.40	13.81	33.50	18.79	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.73	6.81	-16.61	-14.66	-1.37	9.95	1.36	11.15	18.40	12.03	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.52	1.09	1.26	1.47	1.65	1.40	1.54	1.64	1.37	1.18	1.11
Accounts Receivable Turnover	5.62	4.52	6.15	7.08	6.60	5.77	6.78	7.23	6.77	6.61	6.61
Inventory Turnover	5.32	4.25	6.63	7.65	7.84	6.88	7.21	6.70	6.34	6.54	6.90
Fixed Asset Turnover	6.00	4.04	3.95	4.37	4.53	3.57	4.29	5.13	4.07	3.18	2.93
Accounts Payable Turnover	11.34	11.84	15.30	16.49	18.30	8.98	6.83	7.45	7.89	8.21	7.98
Days Sales Outstanding (DSO)	64.90	80.69	59.38	51.52	55.28	63.21	53.87	50.46	53.91	55.24	55.24
Days Inventory Outstanding (DIO)	68.65	85.79	55.07	47.72	46.53	53.07	50.65	54.44	57.60	55.78	52.88
Days Payable Outstanding (DPO)	32.18	30.82	23.86	22.13	19.95	40.64	53.45	48.99	46.26	44.44	45.73
Cash Conversion Cycle (CCC)	101.37	135.66	90.60	77.11	81.86	75.64	51.06	55.91	65.24	66.58	62.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,187	1,767	1,764	2,029	2,676	2,431	2,867	4,116	4,684	4,632	4,504
Invested Capital Turnover	2.46	1.82	2.18	2.45	2.48	2.14	2.54	2.55	2.00	1.70	1.71
Increase / (Decrease) in Invested Capital	-28	-419	-3.46	266	647	-245	436	1,249	568	-52	-127
Enterprise Value (EV)	2,314	2,069	2,482	2,794	2,748	2,880	4,345	5,583	7,048	6,494	6,766
Market Capitalization	1,497	1,514	1,910	2,258	1,696	2,338	3,773	4,754	6,485	6,162	6,455
Book Value per Share	$11.95	$11.93	$12.10	$12.76	$13.77	$15.87	$19.03	$27.27	$35.29	$37.39	$37.46
Tangible Book Value per Share	$11.37	$11.35	$11.54	$12.21	$13.23	$15.33	$18.40	$23.07	$29.76	$32.00	$32.12
Total Capital	2,684	2,439	2,226	2,652	2,869	2,973	3,365	4,788	5,276	5,490	5,548
Total Debt	1,302	1,071	825	1,158	1,245	1,084	1,070	1,502	1,155	1,190	1,354
Total Long-Term Debt	1,272	758	806	1,139	1,227	1,066	1,015	1,113	1,114	1,151	1,310
Net Debt	817	554	572	536	1,052	542	572	829	562	332	311
Capital Expenditures (CapEx)	105	158	210	167	135	176	158	135	606	324	397
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,297	1,023	872	933	1,210	945	1,313	1,801	1,749	1,639	1,237
Debt-free Net Working Capital (DFNWC)	1,782	1,540	1,125	1,555	1,403	1,487	1,811	2,473	2,341	2,497	2,280
Net Working Capital (NWC)	1,752	1,227	1,105	1,535	1,385	1,469	1,756	2,084	2,300	2,458	2,236
Net Nonoperating Expense (NNE)	33	59	38	30	54	45	40	41	31	37	0.00
Net Nonoperating Obligations (NNO)	805	400	363	536	1,052	542	572	829	562	332	311
Total Depreciation and Amortization (D&A)	125	119	113	132	84	136	162	175	219	280	286
Debt-free, Cash-free Net Working Capital to Revenue	23.90%	28.45%	22.69%	20.08%	20.77%	17.25%	19.51%	20.20%	19.87%	20.68%	15.86%
Debt-free Net Working Capital to Revenue	32.85%	42.84%	29.26%	33.49%	24.07%	27.15%	26.91%	27.75%	26.60%	31.50%	29.24%
Net Working Capital to Revenue	32.29%	34.12%	28.76%	33.06%	23.77%	26.82%	26.10%	23.39%	26.14%	31.01%	28.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.22	$0.48	$0.40	$1.19	$1.68	$2.35	$3.43	$10.09	$7.34	$4.19	$0.75
Adjusted Weighted Average Basic Shares Outstanding	116.36M	115.30M	115.84M	117.03M	117.93M	239.16M	241.18M	234.69M	117.08M	115.84M	112.99M
Adjusted Diluted Earnings per Share	$1.20	$0.47	$0.39	$1.17	$1.66	$2.32	$3.38	$9.95	$7.25	$4.14	$0.74
Adjusted Weighted Average Diluted Shares Outstanding	116.36M	115.30M	115.84M	117.03M	117.93M	239.16M	241.18M	234.69M	118.61M	117.15M	114.09M
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	116.36M	115.30M	115.84M	117.03M	117.93M	239.16M	241.18M	234.69M	116.91M	113.91M	110.97M
Normalized Net Operating Profit after Tax (NOPAT)	119	146	85	180	252	327	451	1,041	895	530	373
Normalized NOPAT Margin	2.20%	4.06%	2.22%	3.89%	4.32%	5.98%	6.71%	11.68%	10.17%	6.68%	4.79%
Pre Tax Income Margin	1.78%	2.11%	1.70%	3.56%	4.61%	6.77%	7.94%	17.00%	12.75%	8.02%	1.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.26	2.21	2.48	5.04	4.76	7.00	11.29	30.88	28.96	14.27	0.00
NOPAT to Interest Expense	1.48	1.80	1.90	4.12	3.53	5.25	8.73	24.81	22.19	10.90	0.00
EBIT Less CapEx to Interest Expense	0.89	-0.31	-2.27	0.97	2.87	4.15	8.25	28.22	13.87	7.52	0.00
NOPAT Less CapEx to Interest Expense	0.11	-0.71	-2.85	0.05	1.64	2.41	5.69	22.15	7.10	4.15	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	70.37%	101.01%	119.82%	40.49%	28.54%	20.41%	13.99%	5.57%	8.72%	16.25%	96.19%
Augmented Payout Ratio	123.00%	156.88%	119.82%	40.49%	28.54%	20.41%	13.99%	18.86%	20.51%	53.92%	331.03%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	11/30/2025	2/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	110,907,418.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	110,907,418.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.84
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.22%	-10.07%	-8.41%	-11.36%	-9.65%	-4.67%	-5.08%	-2.81%	5.93%	11.03%	21.53%
EBITDA Growth	-23.50%	-24.11%	-33.56%	-35.01%	-29.07%	-148.93%	-40.21%	-20.72%	36.53%	287.58%	99.01%
EBIT Growth	-30.23%	-32.74%	-47.52%	-45.94%	-40.73%	-193.03%	-63.30%	-30.19%	63.14%	194.46%	203.99%
NOPAT Growth	-36.64%	-31.77%	-49.55%	-46.62%	-40.51%	-183.01%	-64.73%	-28.88%	64.91%	230.77%	265.22%
Net Income Growth	-36.19%	-32.66%	-52.27%	-48.95%	-43.57%	-199.69%	-70.33%	-30.40%	46.04%	200.89%	265.22%
EPS Growth	-34.73%	-32.27%	-51.66%	-48.48%	-42.31%	-203.36%	-69.86%	-28.43%	47.78%	202.60%	277.27%
Operating Cash Flow Growth	-10.72%	-29.89%	-52.31%	-47.34%	-14.07%	-18.40%	-63.53%	-21.97%	-10.41%	-4.15%	412.53%
Free Cash Flow Firm Growth	60.22%	82.78%	89.34%	123.11%	143.81%	212.49%	406.68%	307.42%	97.60%	-146.94%	-942.84%
Invested Capital Growth	13.79%	7.96%	4.46%	1.15%	-1.11%	-7.13%	-6.27%	-4.46%	-2.75%	6.57%	63.32%
Revenue Q/Q Growth	-5.79%	-9.33%	-7.73%	12.45%	-3.96%	-4.34%	-8.13%	15.14%	4.68%	0.27%	0.55%
EBITDA Q/Q Growth	-17.81%	-0.60%	-35.51%	23.35%	-10.30%	-168.57%	178.81%	63.56%	20.55%	20.72%	-24.31%
EBIT Q/Q Growth	-22.82%	-3.95%	-45.53%	33.87%	-15.39%	-250.78%	121.49%	154.67%	32.82%	29.96%	-47.19%
NOPAT Q/Q Growth	-20.82%	-2.66%	-49.02%	35.85%	-11.76%	-235.83%	121.66%	173.96%	37.44%	60.34%	-53.80%
Net Income Q/Q Growth	-21.29%	-4.29%	-51.30%	39.13%	-12.98%	-269.07%	114.50%	226.33%	82.59%	16.80%	-47.52%
EPS Q/Q Growth	-21.21%	-4.49%	-51.01%	39.73%	-11.76%	-271.11%	114.29%	231.82%	82.19%	18.80%	-47.47%
Operating Cash Flow Q/Q Growth	8.96%	-36.24%	-65.92%	122.42%	77.80%	-39.45%	-84.77%	375.94%	104.15%	-35.22%	-18.57%
Free Cash Flow Firm Q/Q Growth	-16.99%	57.67%	32.38%	169.03%	121.74%	8.68%	84.35%	-8.30%	-16.68%	-133.33%	-3,131.15%
Invested Capital Q/Q Growth	-0.50%	-0.08%	1.42%	0.32%	-2.72%	-6.16%	2.35%	2.26%	-0.98%	2.83%	56.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.24%	19.92%	16.03%	16.38%	16.18%	16.12%	12.51%	14.85%	18.58%	19.20%	18.19%
EBITDA Margin	13.92%	15.26%	10.66%	11.70%	10.93%	-7.83%	6.72%	9.54%	10.99%	13.23%	9.96%
Operating Margin	11.14%	11.80%	6.97%	8.30%	7.31%	-11.52%	2.69%	5.96%	7.56%	9.80%	5.15%
EBIT Margin	11.14%	11.80%	6.97%	8.30%	7.31%	-11.52%	2.69%	5.96%	7.56%	9.80%	5.15%
Profit (Net Income) Margin	8.34%	8.80%	4.64%	5.75%	5.21%	-9.20%	1.45%	4.12%	7.18%	8.36%	4.36%
Tax Burden Percent	77.41%	78.45%	73.42%	74.51%	77.71%	75.97%	70.56%	75.91%	78.55%	96.91%	84.77%
Interest Burden Percent	96.65%	95.03%	90.78%	92.97%	91.68%	105.15%	76.37%	90.97%	120.86%	88.04%	100.00%
Effective Tax Rate	22.59%	21.55%	26.58%	25.49%	22.29%	0.00%	29.44%	24.09%	21.45%	3.09%	15.23%
Return on Invested Capital (ROIC)	17.25%	17.62%	9.26%	10.63%	9.66%	-13.99%	3.20%	7.46%	10.14%	16.94%	6.25%
ROIC Less NNEP Spread (ROIC-NNEP)	16.33%	16.08%	7.90%	9.10%	7.55%	-19.56%	1.56%	5.73%	18.29%	9.54%	6.25%
Return on Net Nonoperating Assets (RNNOA)	3.07%	2.47%	1.27%	1.30%	0.80%	-1.85%	0.18%	0.65%	1.38%	0.75%	2.45%
Return on Equity (ROE)	20.32%	20.09%	10.53%	11.93%	10.47%	-15.85%	3.38%	8.12%	11.52%	17.69%	8.69%
Cash Return on Invested Capital (CROIC)	7.34%	10.18%	10.96%	11.52%	12.32%	11.13%	8.82%	6.10%	4.64%	3.64%	-39.27%
Operating Return on Assets (OROA)	15.23%	15.61%	8.91%	10.21%	8.61%	-13.40%	3.12%	6.68%	8.43%	9.80%	5.31%
Return on Assets (ROA)	11.39%	11.64%	5.94%	7.07%	6.13%	-10.70%	1.68%	4.61%	8.00%	8.36%	4.50%
Return on Common Equity (ROCE)	20.32%	20.09%	10.53%	11.93%	10.47%	-15.85%	3.38%	8.12%	11.52%	17.69%	8.69%
Return on Equity Simple (ROE_SIMPLE)	0.00%	18.31%	16.11%	13.28%	0.00%	3.33%	1.82%	0.90%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	191	185	95	128	113	-154	33	91	126	201	93
NOPAT Margin	8.63%	9.26%	5.12%	6.18%	5.68%	-8.06%	1.90%	4.52%	5.94%	9.50%	4.36%
Net Nonoperating Expense Percent (NNEP)	0.92%	1.54%	1.36%	1.52%	2.11%	5.57%	1.64%	1.73%	-8.15%	7.40%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	3.45%	1.76%	-	-	-2.96%	0.64%	1.68%	2.26%	2.63%	1.20%
Cost of Revenue to Revenue	80.76%	80.08%	83.97%	83.62%	83.82%	83.88%	87.49%	85.15%	81.42%	80.80%	81.81%
SG&A Expenses to Revenue	7.81%	8.11%	9.06%	8.08%	8.37%	9.31%	9.55%	8.70%	8.47%	9.23%	10.94%
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	8.10%	8.11%	9.06%	8.08%	8.88%	27.64%	9.82%	8.89%	11.02%	9.40%	13.05%
Earnings before Interest and Taxes (EBIT)	246	236	129	172	146	-220	47	120	160	208	110
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	307	306	197	243	218	-150	118	193	232	281	212
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.57	1.24	1.47	1.53	1.43	1.75	1.37	1.28	1.54	1.64	1.85
Price to Tangible Book Value (P/TBV)	1.87	1.46	1.73	1.79	1.67	2.06	1.62	1.51	1.80	1.90	4.58
Price to Revenue (P/Rev)	0.74	0.61	0.74	0.80	0.78	0.90	0.71	0.69	0.83	0.88	0.97
Price to Earnings (P/E)	7.54	6.76	9.12	11.48	12.69	52.64	75.28	143.02	76.24	16.17	16.09
Dividend Yield	1.15%	1.43%	1.20%	1.18%	1.27%	1.13%	1.49%	1.55%	1.25%	1.13%	0.98%
Earnings Yield	13.26%	14.80%	10.97%	8.71%	7.88%	1.90%	1.33%	0.70%	1.31%	6.18%	6.21%
Enterprise Value to Invested Capital (EV/IC)	1.50	1.21	1.42	1.47	1.40	1.69	1.34	1.26	1.50	1.60	1.51
Enterprise Value to Revenue (EV/Rev)	0.80	0.66	0.80	0.86	0.82	0.94	0.77	0.74	0.87	0.92	1.31
Enterprise Value to EBITDA (EV/EBITDA)	5.10	4.43	5.68	6.64	6.74	14.46	13.83	15.08	17.20	8.98	11.83
Enterprise Value to EBIT (EV/EBIT)	6.06	5.43	7.23	8.93	9.50	32.40	40.81	61.10	62.92	13.82	18.05
Enterprise Value to NOPAT (EV/NOPAT)	7.91	7.07	9.45	11.68	12.44	43.60	55.16	79.77	79.92	16.47	21.27
Enterprise Value to Operating Cash Flow (EV/OCF)	5.24	4.61	5.93	7.31	7.22	8.64	7.47	7.60	9.46	10.47	13.08
Enterprise Value to Free Cash Flow (EV/FCFF)	21.83	12.38	13.22	12.83	11.32	14.65	14.66	20.14	31.91	45.29	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.27	0.28	0.28	0.28	0.30	0.30	0.33	0.32	0.78	0.76
Long-Term Debt to Equity	0.27	0.26	0.27	0.27	0.27	0.29	0.29	0.32	0.31	0.77	0.75
Financial Leverage	0.19	0.15	0.16	0.14	0.11	0.09	0.12	0.11	0.08	0.08	0.39
Leverage Ratio	1.74	1.66	1.64	1.60	1.60	1.63	1.62	1.64	1.65	1.92	1.93
Compound Leverage Factor	1.68	1.58	1.49	1.49	1.47	1.72	1.24	1.49	1.99	1.69	1.93
Debt to Total Capital	21.89%	21.44%	21.58%	21.99%	21.67%	22.82%	22.95%	24.70%	24.41%	43.73%	43.28%
Short-Term Debt to Total Capital	0.77%	0.63%	0.66%	1.15%	0.71%	0.74%	0.77%	0.76%	0.80%	0.60%	0.68%
Long-Term Debt to Total Capital	21.12%	20.81%	20.92%	20.84%	20.96%	22.08%	22.18%	23.94%	23.61%	43.13%	42.60%
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	78.11%	78.55%	78.42%	78.01%	78.33%	77.18%	77.05%	75.29%	75.58%	56.27%	56.72%
Debt to EBITDA	0.84	0.90	0.98	1.14	1.23	2.33	2.78	3.55	3.44	4.07	3.62
Net Debt to EBITDA	0.41	0.35	0.44	0.48	0.34	0.65	1.02	1.19	0.79	0.39	3.08
Long-Term Debt to EBITDA	0.81	0.87	0.95	1.08	1.19	2.26	2.69	3.44	3.33	4.01	3.56
Debt to NOPAT	1.30	1.44	1.63	2.00	2.28	7.03	11.09	18.76	16.00	7.46	6.51
Net Debt to NOPAT	0.63	0.56	0.74	0.84	0.64	1.96	4.05	6.30	3.67	0.71	5.53
Long-Term Debt to NOPAT	1.25	1.39	1.58	1.90	2.20	6.81	10.72	18.18	15.47	7.36	6.41
Altman Z-Score	4.27	4.00	4.20	4.25	4.06	3.83	3.68	3.50	3.72	3.06	2.79
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	3.73	4.12	4.19	4.24	3.94	2.76	2.82	2.86	2.78	4.47	2.38
Quick Ratio	2.17	2.44	2.30	2.46	2.42	1.68	1.66	1.74	1.78	1.81	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-377	-160	-108	75	165	180	331	304	253	-84	-2,724
Operating Cash Flow to CapEx	245.28%	389.69%	95.26%	241.21%	431.85%	188.48%	37.65%	172.94%	290.25%	163.20%	137.59%
Free Cash Flow to Firm to Interest Expense	-45.66	-13.58	-9.09	6.15	13.61	15.86	29.64	27.94	0.00	-3.39	0.00
Operating Cash Flow to Interest Expense	49.57	22.21	7.49	16.33	28.98	18.82	2.91	14.21	0.00	8.22	0.00
Operating Cash Flow Less CapEx to Interest Expense	29.36	16.51	-0.37	9.56	22.27	8.83	-4.81	5.99	0.00	3.18	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.37	1.32	1.28	1.23	1.18	1.16	1.16	1.12	1.11	1.00	1.03
Accounts Receivable Turnover	6.77	6.85	7.06	6.71	6.61	6.74	7.01	6.57	6.61	6.95	7.09
Inventory Turnover	6.34	6.45	5.93	6.01	6.54	6.60	6.15	6.28	6.90	7.00	6.50
Fixed Asset Turnover	4.07	3.85	3.63	3.41	3.18	3.11	3.04	2.95	2.93	2.95	2.85
Accounts Payable Turnover	7.89	11.96	11.83	12.32	8.21	8.58	9.09	8.84	7.98	8.38	8.31
Days Sales Outstanding (DSO)	53.91	53.28	51.72	54.42	55.24	54.11	52.04	55.56	55.24	52.54	51.50
Days Inventory Outstanding (DIO)	57.60	56.60	61.56	60.68	55.78	55.29	59.33	58.15	52.88	52.14	56.13
Days Payable Outstanding (DPO)	46.26	30.53	30.85	29.64	44.44	42.53	40.17	41.30	45.73	43.53	43.92
Cash Conversion Cycle (CCC)	65.24	79.36	82.44	85.46	66.58	66.87	71.20	72.41	62.39	61.15	63.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,684	4,680	4,746	4,761	4,632	4,346	4,449	4,549	4,504	4,632	7,265
Invested Capital Turnover	2.00	1.90	1.81	1.72	1.70	1.74	1.68	1.65	1.71	1.78	1.43
Increase / (Decrease) in Invested Capital	568	345	203	54	-52	-334	-298	-212	-127	286	2,817
Enterprise Value (EV)	7,048	5,681	6,726	6,998	6,494	7,358	5,941	5,716	6,766	7,397	10,989
Market Capitalization	6,485	5,231	6,203	6,495	6,162	7,027	5,505	5,265	6,455	7,078	8,130
Book Value per Share	$35.29	$36.18	$36.28	$36.81	$37.39	$35.25	$35.30	$36.26	$37.46	$38.86	$39.73
Tangible Book Value per Share	$29.76	$30.75	$30.87	$31.42	$32.00	$29.88	$29.99	$30.92	$32.12	$33.54	$16.01
Total Capital	5,276	5,384	5,384	5,460	5,490	5,202	5,207	5,442	5,548	7,664	7,769
Total Debt	1,155	1,154	1,162	1,200	1,190	1,187	1,195	1,344	1,354	3,352	3,363
Total Long-Term Debt	1,114	1,120	1,126	1,138	1,151	1,149	1,155	1,303	1,310	3,305	3,310
Net Debt	562	450	524	502	332	331	436	451	311	319	2,859
Capital Expenditures (CapEx)	167	67	93	82	81	113	86	89	109	125	121
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,749	1,786	1,833	1,839	1,639	1,235	1,301	1,332	1,237	1,290	1,442
Debt-free Net Working Capital (DFNWC)	2,341	2,491	2,471	2,538	2,497	2,091	2,059	2,225	2,280	4,322	1,946
Net Working Capital (NWC)	2,300	2,457	2,436	2,475	2,458	2,053	2,019	2,183	2,236	4,276	1,893
Net Nonoperating Expense (NNE)	6.39	9.22	8.72	9.03	9.43	22	7.88	8.25	-26	24	0.00
Net Nonoperating Obligations (NNO)	562	450	524	502	332	331	436	451	311	319	2,859
Total Depreciation and Amortization (D&A)	61	69	68	71	72	70	71	72	72	73	103
Debt-free, Cash-free Net Working Capital to Revenue	19.87%	20.83%	21.81%	22.60%	20.68%	15.77%	16.81%	17.34%	15.86%	16.11%	17.20%
Debt-free Net Working Capital to Revenue	26.60%	29.05%	29.40%	31.18%	31.50%	26.70%	26.61%	28.97%	29.24%	53.97%	23.20%
Net Working Capital to Revenue	26.14%	28.65%	28.98%	30.40%	31.01%	26.21%	26.09%	28.43%	28.67%	53.39%	22.58%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.58	$1.51	$0.74	$1.03	$0.91	($1.54)	$0.22	$0.74	$1.33	$1.60	$0.84
Adjusted Weighted Average Basic Shares Outstanding	117.08M	116.77M	116.40M	115.53M	115.84M	114.05M	113.56M	112.70M	112.99M	111.07M	110.96M
Adjusted Diluted Earnings per Share	$1.56	$1.49	$0.73	$1.02	$0.90	($1.54)	$0.22	$0.73	$1.33	$1.58	$0.83
Adjusted Weighted Average Diluted Shares Outstanding	118.61M	118.35M	117.52M	116.66M	117.15M	114.05M	114.51M	113.56M	114.09M	112.25M	111.92M
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	116.91M	116.39M	115.71M	114.99M	113.91M	113.64M	113.00M	111.93M	110.97M	110.91M	110.89M
Normalized Net Operating Profit after Tax (NOPAT)	191	185	95	128	113	91	37	94	129	205	96
Normalized NOPAT Margin	8.63%	9.26%	5.12%	6.18%	5.68%	4.77%	2.09%	4.67%	6.08%	9.67%	4.53%
Pre Tax Income Margin	10.77%	11.22%	6.33%	7.71%	6.70%	-12.11%	2.06%	5.42%	9.14%	8.63%	5.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	29.81	20.11	10.84	14.23	12.02	-19.43	4.23	11.08	0.00	8.36	0.00
NOPAT to Interest Expense	23.07	15.78	7.96	10.60	9.34	-13.60	2.99	8.41	0.00	8.10	0.00
EBIT Less CapEx to Interest Expense	9.59	14.41	2.98	7.46	5.31	-29.41	-3.48	2.86	0.00	3.33	0.00
NOPAT Less CapEx to Interest Expense	2.86	10.08	0.10	3.83	2.63	-23.58	-4.73	0.19	0.00	3.07	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.72%	9.67%	10.99%	13.59%	16.25%	60.43%	112.78%	222.70%	96.19%	18.48%	15.92%
Augmented Payout Ratio	20.51%	20.09%	27.37%	39.52%	53.92%	213.94%	393.15%	775.84%	331.03%	61.28%	47.11%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, data-driven snapshot of Commercial Metals (NYSE: CMC) using quarterly statements from the last four years. The bullets below highlight the most important trends a retail investor may want to consider.

Strong operating cash flow in recent quarters supports liquidity. Notably, net cash from operating activities includes Q4 2024 at about $351.8M, Q4 2025 around $315.2M, and Q1 2026 about $204.2M, with other quarters also showing solid cash generation (e.g., Q3 2025 $154.4M; Q1 2025 $213.0M).
Gross margins are recovering, with Q1 2026 gross margin near 19% (gross profit ≈ $407.1M on revenue ≈ $2.120B), improving from mid-teen levels earlier in 2024–2025.
Earnings per share improving in the latest period: Q1 2026 basic EPS $1.60 and diluted EPS $1.58, supported by a solid net income for continuing operations.
Solid liquidity and robust balance sheet: cash and equivalents ≈ $1.02B; total current assets ≈ $5.51B; total current liabilities ≈ $1.23B (current ratio well over 4x). This provides a comfortable cushion for short-term obligations.
Steady dividend policy: cash dividends per share of $0.18 are maintained across recent quarters, supporting shareholder returns.
Capex cadence remains steady, with property, plant & equipment purchases typically in the $80–$125M per quarter range (e.g., Q1 2026 PPE ≈ $125.4M; Q4 2025 ≈ $108.9M; Q3 2025 ≈ $89.5M), suggesting ongoing asset maintenance/upgrade without extreme capex swings.
Revenue levels have stayed in a relatively narrow band (roughly $1.9–$2.1B per quarter) over the period, signaling a stable but cyclical metals business rather than a rapid growth trajectory.
Earnings volatility remains apparent: a notable negative print occurred in Q1 2025 (restated period) with net income and EPS moving into negative territory, illustrating quarterly earnings sensitivity to metal markets and accounting adjustments.
Debt financing activity is frequent and sizable, including a large debt issuance in Q1 2026 (Issuance of Debt around $2.0B). This is neutral for now but warrants watching how new debt is applied (capex funding versus cash returns).
Leverage concerns exist: long-term debt around $3.3B and total liabilities near $4.93B compared with total equity ≈ $4.31B (Q1 2026). This level of leverage warrants attention if operating cash flow slows or commodity cycles turn adverse.

05/05/26 11:49 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Commercial Metals' Financials

When does Commercial Metals' financial year end?

According to the most recent income statement we have on file, Commercial Metals' fiscal year ends in August. Their fiscal year 2025 ended on August 31, 2025.

How has Commercial Metals' net income changed over the last 10 years?

Commercial Metals' net income appears to be on an upward trend, with a most recent value of $84.66 million in 2025, rising from $79.44 million in 2015. The previous period was $485.49 million in 2024. Find out what analysts predict for Commercial Metals in the coming months.

What is Commercial Metals' operating income?

Commercial Metals' total operating income in 2025 was $107.55 million, based on the following breakdown:

Total Gross Profit: $1.22 billion
Total Operating Expenses: $1.11 billion

How has Commercial Metals' revenue changed over the last 10 years?

Over the last 10 years, Commercial Metals' total revenue changed from $5.42 billion in 2015 to $7.80 billion in 2025, a change of 43.8%.

How much debt does Commercial Metals have?

Commercial Metals' total liabilities were at $2.98 billion at the end of 2025, a 18.3% increase from 2024, and a 44.7% increase since 2015.

How much cash does Commercial Metals have?

In the past 10 years, Commercial Metals' cash and equivalents has ranged from $192.46 million in 2019 to $1.04 billion in 2025, and is currently $1.04 billion as of their latest financial filing in 2025.

How has Commercial Metals' book value per share changed over the last 10 years?

Over the last 10 years, Commercial Metals' book value per share changed from 11.95 in 2015 to 37.46 in 2025, a change of 213.5%.

Related Companies

Financial statements for NYSE:CMC last updated on 4/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Commercial Metals (CMC) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Commercial Metals' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Commercial Metals (CMC) Financials

Annual Income Statements for Commercial Metals

Quarterly Income Statements for Commercial Metals

Annual Cash Flow Statements for Commercial Metals

Quarterly Cash Flow Statements for Commercial Metals

Annual Balance Sheets for Commercial Metals

Quarterly Balance Sheets for Commercial Metals

Annual Metrics And Ratios for Commercial Metals

Quarterly Metrics And Ratios for Commercial Metals

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Commercial Metals' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools