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Commercial Metals Company
(NYSE:CMC)
Commercial Metals Company (CMC) vs. SPDR S&P 500 ETF (SPY)
Commercial Metals Company Business Overview & Revenue Model
Commercial Metals Company Earnings Call Summary
Commercial Metals Company Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.80B | 7.93B | 8.80B | 8.91B | 6.73B |
| Gross Profit | 1.22B | 1.36B | 1.81B | 1.86B | 1.11B |
| EBITDA | 438.92M | 963.93M | 1.38B | 1.74B | 753.53M |
| Net Income | 84.66M | 485.49M | 859.76M | 1.22B | 412.87M |
Balance Sheet | |||||
| Total Assets | 7.17B | 6.82B | 6.64B | 6.24B | 4.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.04B | 857.92M | 592.33M | 672.60M | 497.75M |
| Total Debt | 1.35B | 1.19B | 1.15B | 1.50B | 1.07B |
| Total Liabilities | 2.98B | 2.52B | 2.52B | 2.95B | 2.34B |
| Stockholders Equity | 4.19B | 4.30B | 4.12B | 3.29B | 2.29B |
Cash Flow | |||||
| Free Cash Flow | 312.25M | 575.44M | 737.44M | 250.32M | 44.31M |
| Operating Cash Flow | 715.07M | 899.71M | 1.34B | 700.31M | 228.47M |
| Investing Cash Flow | -346.77M | -323.00M | -835.23M | -684.72M | -162.13M |
| Financing Cash Flow | -183.44M | -313.76M | -599.48M | 165.31M | -109.39M |
Commercial Metals Company Technical Analysis
Commercial Metals Company Risk Analysis
Commercial Metals Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $5.05B | 26.25 | 5.84% | ― | -16.81% | -67.68% | |
68 Neutral | $8.23B | 14.33 | 4.80% | 7.02% | -16.69% | 585.38% | |
67 Neutral | $8.41B | 19.53 | 10.51% | 1.02% | -1.61% | -81.36% | |
67 Neutral | $7.72B | 15.82 | 5.21% | 2.92% | -2.53% | -36.08% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | $8.15B | -4.11 | -27.16% | ― | -6.76% | -255.94% | |
54 Neutral | $2.44B | -8.83 | -10.50% | ― | -5.79% | -5.30% |
Commercial Metals Company Corporate Events
At its annual meeting of stockholders held on January 14, 2026, Commercial Metals Company’s shareholders elected three Class I directors — Dawne S. Hickton, Peter R. Matt and Robert S. Wetherbee — to serve three-year terms expiring at the 2029 annual meeting, reflecting continued support for the company’s existing board composition and governance structure. Stockholders also ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending August 31, 2026, and approved on an advisory basis the compensation of the company’s named executive officers, signaling broad investor backing for the firm’s financial oversight and executive pay practices.
The most recent analyst rating on (CMC) stock is a Buy with a $85.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
For the fiscal first quarter ended November 30, 2025, Commercial Metals Company reported a sharp turnaround to net earnings of $177.3 million, or $1.58 per diluted share, from a net loss of $175.7 million a year earlier, on higher net sales of $2.1 billion, with adjusted earnings more than doubling to $206.2 million. Consolidated core EBITDA rose about 52% year over year to $316.9 million with a 14.9% margin, driven by strong operational execution, higher steel metal margins in North America, and robust performance in the Construction Solutions Group, which posted record first-quarter EBITDA and a 20% margin. During the quarter CMC advanced its Transform, Advance and Grow (TAG) program, launched new operational and commercial initiatives aimed at exiting fiscal 2026 with a $150 million annualized EBITDA benefit, repurchased roughly $38.9 million of its shares, and maintained liquidity of nearly $1.9 billion. In December 2025, it closed the acquisitions of Concrete Pipe and Precast and Foley Products for about $2.5 billion, establishing a major new growth platform in precast concrete and prompting the renaming of its Emerging Businesses Group to Construction Solutions Group to reflect its expanded construction solutions focus. The company also strengthened shareholder returns with the board’s January 5, 2026 declaration of a $0.18 per-share quarterly dividend, marking the 245th consecutive quarterly payment, while management highlighted stable domestic demand, improving pricing, and an encouraging construction pipeline in North America, offset by some margin pressure in Europe from imports.
The most recent analyst rating on (CMC) stock is a Hold with a $74.61 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On January 5, 2026, Commercial Metals Company announced that its board of directors declared a regular quarterly cash dividend of $0.18 per share, marking the company’s 245th consecutive quarterly dividend. The dividend is scheduled to be paid on February 2, 2026, to shareholders of record as of the close of business on January 19, 2026, underscoring CMC’s ongoing commitment to returning capital to investors and signaling continued financial stability to stakeholders in the construction and steel reinforcement markets.
The most recent analyst rating on (CMC) stock is a Hold with a $76.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On December 17, 2025, Commercial Metals Company announced a key amendment to its revolving credit facility agreement, increasing its borrowing capacity from $600.0 million to $1.0 billion and extending the facility’s maturity date to December 17, 2030. This adjustment reflects CMC’s efforts to enhance its financial flexibility, positioning the company to support its expansion in the construction sector and potentially strengthening its long-term strategic outlook.
The most recent analyst rating on (CMC) stock is a Buy with a $79.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On December 15, 2025, Commercial Metals Company completed the acquisition of Foley Products Company for $1.84 billion. Foley is a leading supplier of precast concrete and pipe products in the Southeast, Central, and Western U.S., with 18 facilities across nine states. This acquisition, along with the previous acquisition of CP&P, positions CMC as one of the largest precast concrete businesses in the U.S., creating a significant growth platform and value opportunities for customers and shareholders.
The most recent analyst rating on (CMC) stock is a Buy with a $79.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On December 1, 2025, Commercial Metals Company completed the acquisition of Concrete Pipe & Precast, LLC for $675 million, enhancing its presence in the Mid-Atlantic and South Atlantic regions. This acquisition is a significant step in CMC’s growth strategy, positioning it as a leader in the precast concrete market, and is expected to bring substantial value to its customers and shareholders.
The most recent analyst rating on (CMC) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On November 26, 2025, Commercial Metals Company completed a private placement of $2,000 million in senior notes to fund its acquisition of Foley Products Company, LLC. The notes, which mature in 2033 and 2035, were issued to qualified institutional buyers and non-U.S. persons and will be used for the acquisition and general corporate purposes. If the acquisition is not completed by October 15, 2026, CMC will redeem the notes at their initial issue price. This strategic financial move is expected to enhance CMC’s market position and operational capabilities in the construction sector.
The most recent analyst rating on (CMC) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On November 12, 2025, Commercial Metals Company announced a $2 billion offering of Senior Notes, with $1 billion each in 5.75% Notes due 2033 and 6.00% Notes due 2035, to fund its acquisition of Foley Products Company, LLC and for general corporate purposes. The offering is independent of the acquisition’s completion, and if the acquisition is not finalized by October 15, 2026, CMC must redeem the Notes at their initial issue price plus interest, impacting its financial strategy and stakeholder interests.
The most recent analyst rating on (CMC) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On November 12, 2025, Commercial Metals Company announced its intention to offer $2,000 million in senior unsecured notes to fund the acquisition of Foley Products Company, LLC. The proceeds will also cover transaction-related fees and general corporate purposes. The offering and acquisition are not contingent upon each other, but if the acquisition is not completed by October 15, 2026, the company will redeem the notes at their initial issue price plus interest. This strategic move aims to enhance the company’s market position through the acquisition, potentially impacting stakeholders by expanding its operational capabilities.
The most recent analyst rating on (CMC) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On October 31, 2025, Commercial Metals Company amended its Sixth Amended and Restated Credit Agreement to include a Second Amendment, allowing for a new Bridge Facility and modifying default provisions. This financial maneuver, involving major financial institutions, underscores the company’s strategic financial management and could impact its liquidity and operational flexibility.
The most recent analyst rating on (CMC) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On November 3, 2025, Sarah E. Raiss, who has been a director of Commercial Metals Company since 2011, announced her decision to retire and not seek re-election at the upcoming Annual Meeting of Stockholders on January 14, 2026. Her retirement is not due to any disagreements with the company’s operations or policies. Additionally, Jennifer J. Durbin, the Senior Vice President, Chief Human Resources and Communications Officer, will resign effective December 31, 2025, to pursue another opportunity.
The most recent analyst rating on (CMC) stock is a Hold with a $67.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On October 15, 2025, Commercial Metals Company announced a definitive agreement to acquire Foley Products Company for $1.84 billion. This acquisition is expected to significantly enhance CMC’s precast platform, positioning it as the third-largest player in the U.S. precast market. The transaction is anticipated to be immediately accretive to earnings per share and free cash flow, with expected synergies of $25 million to $30 million in EBITDA by year three. The acquisition will transform CMC’s financial profile, increasing EBITDA margins and providing a clear path to deleveraging. The deal is set to close by December 2025, subject to regulatory approvals and customary closing conditions.
The most recent analyst rating on (CMC) stock is a Hold with a $63.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.
On October 16, 2025, Commercial Metals Company announced its financial results for the fourth quarter and fiscal year ending August 31, 2025. The company reported strong financial performance with fourth-quarter net earnings of $151.8 million and a core EBITDA margin of 13.8%. The Emerging Businesses Group achieved record results, and the Arizona 2 micro mill generated positive adjusted EBITDA. The company also highlighted its strategic acquisitions of Foley Products Company and Concrete Pipe & Precast, which are expected to enhance its growth platform. Despite a significant after-tax charge related to litigation, CMC’s balance sheet remains robust with substantial liquidity. The company is optimistic about future growth, supported by favorable market conditions and strategic initiatives.
The most recent analyst rating on (CMC) stock is a Hold with a $63.00 price target. To see the full list of analyst forecasts on Commercial Metals Company stock, see the CMC Stock Forecast page.