Commercial Metals/$CMC

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About Commercial Metals

Commercial Metals Co is a manufacturer and supplier of early-stage construction materials, including steel reinforcing bars, concrete pipes, precast products, and soil stabilization solutions. It also produces merchant bar, steel fence posts, and wire rod, serving domestic and some international markets in Europe and Asia. Its products are used in infrastructure and building projects such as highways, bridges, airports, and commercial and residential buildings.
Ticker
$CMC
Sector
Materials
Primary listing
NYSE
Employees
12,690

CMC Metrics

BasicAdvanced
$7.3B
12.50
$5.26
1.53
$0.76
1.22%

What the Analysts think about CMC

Analyst ratings (Buy, Hold, Sell) for Commercial Metals stock.
Analyst projections of the future price of Commercial Metals stock.

Bulls say / Bears say

Q3 showed strong operating momentum: core EBITDA rose 78.6% year on year to $353.6m and margin expanded to 14.2%. Management expects further sequential growth in Q4 as mill outages unwind and backlogs and pricing improve. (PR Newswire)
Precast is making CMC less dependent on commodity steel. Construction Solutions EBITDA rose 138% in Q3 to $97.4m at a 24.7% margin, while management’s 2029 plan targets the segment at more than 40% of core EBITDA. (PR Newswire, Transcript Daily)
The balance sheet is improving as the major investment cycle nears completion: CMC ended Q3 with nearly $1.8bn of liquidity and 2.1x net leverage, with clear visibility to below 2x. Lower future capital spending and stronger cash generation could support dividends, buybacks and further growth investment. (PR Newswire, Alphastreet)
Demand is uneven rather than universally strong: North America steel shipments fell 1.7% year on year in Q3, and management said residential construction remains broadly subdued. That leaves results exposed if infrastructure and mega-project spending does not offset weaker housing. (Commercial Metals, Alphastreet)
Steel earnings remain sensitive to the spread between selling prices and scrap costs, while CMC flags additional US electric-arc-furnace capacity, imports and excess global capacity as risks. Q3’s margin gains could therefore reverse if supply rises or scrap costs outpace price increases. (Commercial Metals, Alphastreet)
Recent precast expansion has materially increased financial and execution risk: debt reached $3.43bn after the Foley and CP&P acquisitions, versus $1.36bn at August 2025, while goodwill and intangibles also rose. CMC must integrate the businesses and deleverage while funding its West Virginia micro mill. (StockTitan, Alphastreet)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.

CMC Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CMC Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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