CMC
COMMERCIAL METALS Co
Next earnings Jun 25, 2026 (before open) · consensus $1.79 EPS, $2.44B rev
Last earnings +3.9% on 2026-06-25
$69.20
▼ -6.60%$69.20▲ +42.18%
over 1Y
L $48.49EODHDH $82.94
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-6.6%
1W-5.6%
1M-9.6%
3M+19.1%
YTD-3.1%
1Y+42.2%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 17 analysts
Buy
A well-financed steel/rebar maker at the bottom of its earnings cycle — the 98x P/E is on trough profits, not a real multiple.
Net income $84.7M · FY2025
The read
Middling fundamentals and a rich price (~92% above fair value) leave little margin of safety — a wait-and-see.
Commercial Metals is a vertically integrated maker of rebar and steel long products serving construction markets, and FY2025 (year ended August 2025) was clearly a cyclical trough. Revenue dipped 1.6% to $7.80B, but net income collapsed 82.6% to just $84.7M as steel spreads and pricing compressed — driving a 1.1% net margin and a 2.0% ROE. The headline 97.8 P/E is therefore not a meaningful valuation signal; it reflects depressed trough earnings, not an expensive business. The multi-year history frames the cyclicality starkly: net income ran $413M, $1.22B, $860M, $485M and now $84.7M.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $6.73B | $8.91B | $8.80B | $7.93B | $7.80B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $413M | $1.22B | $860M | $485M | $84.7M |
| Diluted EPS | $3.38 | $9.95 | $7.25 | $4.14 | $0.74 |
| Net margin | 6.1% | 13.7% | 9.8% | 6.1% | 1.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$7.88B
EV / EBITDA—
EV / Sales1.0
EV / FCF25.2
P / FCF24.6
PEG (trailing)—
Earnings yield1.1%
FCF yield4.1%
Quality & risk
ROIC (est.)—
Free cash flow$312M
Total debt$1.25B
Net cash-$204M
Piotroski F-Score4/8
Capital returns
Buyback yield2.6%
Dividend yield (est.)1.1%
Shareholder yield3.6%
Shares Δ YoY-2.6%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-252026-06-25open ↗4Period ending 2026-06-232026-06-24open ↗8-KPeriod ending 2026-06-242026-06-24open ↗3Period ending 2026-06-232026-06-23open ↗SDFiling2026-05-22open ↗SCHEDULE 13GFiling2026-05-12open ↗SCHEDULE 13GFiling2026-04-29open ↗SCHEDULE 13GFiling2026-04-29open ↗4Period ending 2026-04-152026-04-16open ↗4Period ending 2026-04-152026-04-16open ↗4Period ending 2026-04-152026-04-16open ↗4Period ending 2026-04-152026-04-16open ↗
Frequently asked
- Is COMMERCIAL METALS Co (CMC) a buy?
- CMC currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. A well-financed steel/rebar maker at the bottom of its earnings cycle — the 98x P/E is on trough profits, not a real multiple.
- What is CMC's fair value?
- A Modified-Graham model based on CMC's SEC fundamentals estimates a fair value of about $5.38. It is an estimate from reported earnings, not a price target.
- Is CMC overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, CMC currently appears overvalued relative to its SEC-grounded earnings power.
- What is COMMERCIAL METALS Co's quality score?
- CMC scores 51.67647058823528/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000022444, latest 10-Q filed 2026-03-31) · EODHD · analysis by claude-code · as of 6/21/2026, 8:53:24 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.