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Commercial Metals (CMC)
NYSE:CMC
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Commercial Metals Company (CMC) Price & Analysis

626 Followers

CMC Stock Chart & Stats

$68.95
$0.91(1.34%)
At close: 4:00 PM EDT
$68.95
$0.91(1.34%)

Bulls Say, Bears Say

Bulls Say
Vertical IntegrationCMC’s integrated recycling→mill→fabrication model secures feedstock, lowers procurement risk, and captures value across multiple stages. This structural linkage supports margin resilience versus pure producers, aids working-capital management, and sustains competitive differentiation over the medium term.
Precast & Construction Solutions GrowthThe Precast acquisitions materially expanded higher-margin downstream offerings, doubling Construction Solutions sales and adding consistent backlog. This shifts revenue mix toward fabricated solutions, diversifying beyond commodity steel and reducing cycle sensitivity while supporting structural free cash flow generation.
TAG Efficiency ProgramTransform, Advance, Grow (TAG) is delivering sustainable cost and productivity improvements above target, embedding permanent operational efficiencies. These gains enhance structural margins and operating leverage, improving long-term cash conversion and resilience across industry cycles.
Bears Say
Cyclicality & Margin VolatilitySteel markets remain cyclically driven: although margins have rebounded, profitability is still down from prior-cycle highs. Persistent swings in selling prices and spreads mean earnings and cash flow can reverse quickly, limiting predictability of medium-term free cash flow and returns.
Elevated LeverageLeverage has stepped up materially versus prior years, raising financial sensitivity to demand downturns. Higher leverage constrains flexibility for capex or M&A, increases interest expense exposure, and makes deleveraging a necessary multi-quarter priority to restore cyclical downside protection.
Input Cost & Cash-conversion RiskVolatile scrap and fuel-driven input costs compress metal margins and create working-capital swings, producing inconsistent cash conversion. With FCF below half of net income historically, sustained input inflation or tighter spreads could materially erode free cash generation and deleveraging progress.

Commercial Metals Company News

CMC FAQ

What was Commercial Metals’s price range in the past 12 months?
Commercial Metals lowest stock price was $53.08 and its highest was $84.87 in the past 12 months.
    What is Commercial Metals’s market cap?
    Commercial Metals’s market cap is $7.92B.
      When is Commercial Metals’s upcoming earnings report date?
      Commercial Metals’s upcoming earnings report date is Oct 15, 2026 which is in 60 days.
        How were Commercial Metals’s earnings last quarter?
        Commercial Metals released its earnings results on Jun 25, 2026. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.699 by $0.031.
          Is Commercial Metals overvalued?
          According to Wall Street analysts Commercial Metals’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Commercial Metals pay dividends?
            Commercial Metals pays a Quarterly dividend of $0.2 which represents an annual dividend yield of 1.06%. See more information on Commercial Metals dividends here
              What is Commercial Metals’s EPS estimate?
              Commercial Metals’s EPS estimate is 1.98.
                How many shares outstanding does Commercial Metals have?
                Commercial Metals has 110,624,340 shares outstanding.
                  What happened to Commercial Metals’s price movement after its last earnings report?
                  Commercial Metals reported an EPS of $1.73 in its last earnings report, beating expectations of $1.699. Following the earnings report the stock price went up 3.941%.
                    Which hedge fund is a major shareholder of Commercial Metals?
                    Currently, no hedge funds are holding shares in CMC
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      Commercial Metals

                      Commercial Metals Company (CMC) is an international enterprise specializing in the production, recycling, and fabrication of steel and metal products, along with providing related services. The company serves markets across the United States, Poland, China, and other international regions. A significant facet of its business involves processing and marketing a wide array of ferrous and non-ferrous scrap metals. These raw materials are supplied to a diverse clientele, including steel mills, foundries, aluminum sheet and ingot producers, brass and bronze ingot makers, copper refineries, secondary lead smelters, specialty steel manufacturers, and high-temperature alloy fabricators. Commercial Metals Company manufactures and distributes a comprehensive range of finished long steel products. These encompass reinforcing bars (rebar), merchant bars, light structural sections, and various other specialized profiles. It also provides semi-finished billets intended for re-rolling and forging applications. Specializing in custom-fabricated steel products, the company's offerings are primarily utilized for concrete reinforcement. Such products are integral to the construction of a wide array of structures, from commercial and residential buildings, healthcare facilities, and convention centers to industrial and power plants, highways, bridges, and expansive public venues like arenas, stadiums, and dams. Beyond its fabrication activities, CMC supplies construction-related equipment and products, both for sale and rent, catering to concrete installers and other commercial enterprises. Additionally, the firm produces niche items such as robust strength bars for the truck trailer industry, specialized bar steels engineered for the energy market, and armor plates designated for military vehicles. These diverse metal solutions, including various rebar forms, merchant bars, wire rods, fabricated meshes, and pre-assembled rebar cages, reach a broad customer base encompassing fabricators, manufacturers, distributors, and construction firms. Founded in 1915, Commercial Metals Company maintains its corporate headquarters in Irving, Texas.

                      Commercial Metals Company (CMC) Earnings & Revenues

                      CMC Company Deck

                      CMC Earnings Call

                      Q3 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call conveyed a broadly positive operational and financial trajectory: strong YoY growth in core EBITDA (78.6%), significant margin expansion, successful Precast integration with meaningful accretion to Construction Solutions, progress on TAG efficiency initiatives, and clear deleveraging and liquidity improvements. Near‑term challenges—Q3 maintenance outages (~$20M impact), temporary scrap cost pressure, weather‑related shipment delays, and purchase‑accounting amortization that depresses reported earnings—were explicitly called out as largely temporary and expected to reverse into Q4. Management provided a constructive Q4 outlook (expected $40M–$50M sequential EBITDA improvement) and maintained full‑year Precast guidance, reinforcing confidence in sustainability of improvements. On balance, the highlights (strong margins, earnings growth, integration success, deleveraging and cash‑tax benefits) outweigh the temporary lowlights.View all CMC earnings summaries

                      CMC Stock 12 Month Forecast

                      Average Price Target

                      $81.20
                      ▲(17.77% Upside)
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